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Business/Economy (Bloggers & Personal)

Brevity: Headers | « Text »
  • The American "Economy" (Summed Up In 1 Cartoon)

    05/28/2015 11:15:06 AM PDT · by SeekAndFind · 16 replies
    Zero Hedge ^ | 05/28/2015 | Tyler Durden
  • What the heck is going on with Wisconsin public education?

    05/28/2015 9:52:21 AM PDT · by Cincinatus' Wife · 17 replies
    Washington Post ^ | May 28, 2015 | Valerie Strauss
    What is the Wisconsin Legislature trying to do to public education in Republican Gov. Scott Walker’s state? State Superintendent Tony Evers has gone on record accusing lawmakers of moving toward new legislation “that erodes the basic foundation of Wisconsin’s public school system.” How? By legislature efforts that include refusing to spend more money on public education for the first time in more than 20 years while while giving millions of dollars more to expand a private voucher program, slashing higher education funding, and weakening licensing rules for teachers.
  • Carly Fiorina hammers Hillary and Obama on equal pay for women

    05/28/2015 9:35:32 AM PDT · by Sean_Anthony · 55 replies
    Canada Free Press ^ | 05/28/15 | Robert Laurie
    Hillary Should Look At Her Own Office Before Preaching On Equal Pay For Women A while back, we watched Rand Paul turn the standard media “gotcha” questions about abortion into a deft attack against the left. It was smart, tough, and something you’d hope to see more of. If you’ve been watching Carly Fiorina’s nascent campaign, you have. In fact, she’s turned the idea of making opponents into their own worst enemies into something of an art form. If Hillary refuses to answer a question, Fiorina points that out in her own response. If Hillary dodges the press for one...
  • Full Disclosure For All!

    05/28/2015 9:12:01 AM PDT · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 05/28/15 | Leigh Bravo
    Time to demand full disclosure before every newscast so the public is truly informed who is spoon-feeding them their news for the day Our government has pushed food labeling to the extreme. Demanding that calories, fat, sugar and other ingredients be fully visible to the public in order for them to be able to make informed decisions about the food they eat. But what about informing the public about the news they receive on a daily basis? Does the public deserve the same transparency about their news sources that the government is now demanding from food manufacturers and restaurants? After...
  • Examining Trans Pacific Partnership

    05/28/2015 6:51:37 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 05/28/15 | Douglas V. Gibbs
    The TPP agreement is not designed to grow trade because instead it is constructed in a manner designed to carry on, and double-down, on the destructive policies already in place because of the Obama administration On Constitution Radio with Douglas V. Gibbs on May 23, 2015 over KMET 1490AM, the topic of the Trans Pacific Partnership (TPP) free trade agreement moseyed its way into the arena of discussion. During the conversation a rare instance in the many year history of the radio program, and on the Political Pistachio blogsite for that matter, emerged where JASmius (my longtime co-host, staff writer,...
  • Elizabeth Warren is the Mitt Romney of Home Flippers

    05/28/2015 6:43:36 AM PDT · by fredericbastiat1 · 11 replies
    TheBlaze ^ | 2015-05-28 | Benjamin Weingarten
    But it ought to be pointed out that not only were Warren’s actions counter to her stated principles – they mimicked those of the private equity companies and other financial institutions that she has spent her entire public life railing against. What private equity professionals like Mitt Romney, and investors in general seek to do is “buy low and sell high.” Firms like Romney’s Bain Capital scour the market for businesses they believe are undervalued and/or have significant growth potential. They seek to buy these businesses at a low price, and grow them while making them more profitable and efficient...
  • Bernie Sanders: We don’t need 23 deodorant choices when children are hungry

    05/27/2015 6:12:55 PM PDT · by Sean_Anthony · 103 replies
    Canada Free Press ^ | 05/27/15 | Dan Calabrese
    our average left-winger agrees with this stuff and thinks Sanders is a genius Just as an exercise in curiosity, I’m going to try to think like a socialist. And since I really have no earthly idea how socialists come up with the ideas they embrace, I’m going to let Bernie Sanders get me rolling. Tell me, Bernie, your thoughts on economic growth: The whole size of the economy and the GDP doesn’t matter if people continue to work longer hours for low wages and you have 45 million people living in poverty. You can’t just continue growth for the sake...
  • Irvine (CA) repeals living wage ordinance

    05/27/2015 4:58:11 PM PDT · by chrisinoc · 4 replies
    OC Register ^ | 5/27/2015 | SARAH de CRESCENZO
    IRVINE – The City Council late Tuesday voted 4-1 to repeal the city’s living wage ordinance, which requires some contractors that do business with Irvine to pay its employees a slightly higher rate than the state’s $9 per hour minimum. The ordinance has been in place since 2007 when a 3-2 vote signed into law the requirement that companies that have contracts with the city worth at least $100,000 in a 12-month period pay more per hour.
  • The Oil Glut is Not Real

    05/27/2015 11:37:06 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 27-05-22015 | No Glut
    As it appears GDP will be seasonally adjusted again, I find myself wondering just one thing: why? Earlier GDP figures showed the US economy on the brink of recession for the first two quarters of this year. Now, with more fudging going on, who knows what it will show. The government appears to be following the Hollywood mantra: if you can bend perception enough, it will become reality. Look no further than the Federal Reserve, which continues to raise expectations of higher interest rates in the second half of this year, in hopes of inducing faster growth.
  • Will Criminal Charges Bring Justice for GM Victims?

    05/27/2015 9:34:08 AM PDT · by jazusamo · 11 replies
    NLPC ^ | May 27, 2015 | Mark Modica
    The New York Times reports that the Justice Department has concluded that there was criminal wrongdoing by General Motors as the company covered-up a deadly ignition switch defect for years. That defect has now been blamed for causing the deaths of at least 104 motorists. While many observers may have been able to come to the conclusion that GM was guilty long before the Justice Department’s recent epiphany, the bigger question now is, what’s next? GM still faces litigation risks as ongoing lawsuits seek justice for the victims’ families that suffered as a result of GM’s criminal actions. Full...
  • China gets a new billionaire every week: Wealthy Chinese are getting even richer really fast.

    05/26/2015 10:03:17 PM PDT · by 2ndDivisionVet · 28 replies
    CNN Money ^ | May 26, 2015 | Sophia Yan
    A new billionaire was created almost every week in China in the first quarter of 2015, according to a report by UBS and PricewaterhouseCoopers. Wealth creation is booming for the Chinese -- supported by strong economic growth and robust capital markets -- and it's all happened in the last 15 years, said Francis Liu, a managing director at UBS Wealth Management. They're primarily pulling in the big bucks from real estate, technology, healthcare and other consumer industries, he said. In 2014, there were about 200 billionaires in China, versus 570 in the U.S., according to UBS. Chinese billionaires are also...
  • How to turn a liberal hipster into a capitalist tyrant in one evening

    05/26/2015 5:55:03 PM PDT · by 2ndDivisionVet · 21 replies
    The Guardian and Observer ^ | May 24, 2015 | Paul Mason
    A new play, World Factory, asks the audience to run a clothing factory in China – and even the creators have been surprised at how people have behaved.The choices were stark: sack a third of our workforce or cut their wages by a third. After a short board meeting we cut their wages, assured they would survive and that, with a bit of cajoling, they would return to our sweatshop in Shenzhen after their two-week break. But that was only the start. In Zoe Svendsen’s play World Factory at the Young Vic, the audience becomes the cast. Sixteen teams sit...
  • The fried-chicken wars: Inside KFC’s weird new fight to dethrone Chick-fil-A

    05/26/2015 5:34:42 PM PDT · by 2ndDivisionVet · 138 replies
    The Washington Post's Wonkblog ^ | May 25, 2015 | Drew Harwell
    These are dark days for KFC's once-dominant chicken empire. After five years of crumbling sales, the extra crispy mega-chain, which in 2012 lost its throne as America's top chicken seller to Chick-fil-A, now makes less money than eateries half its size, like Applebee's and Panera Bread. Now, 75 years after "Colonel" Harland Sanders first served his original recipe at a six-seat dining table in rural Kentucky, the chain is betting $185 million on a massive, bizarre turnaround campaign in hopes of winning a seat again at the fast-food table. The chain is blasting out TV ads, offering new Southern-style grub...
  • The world is drowning in debt warns Goldman Sachs

    05/26/2015 3:46:19 PM PDT · by concernedcitizen76 · 31 replies
    UK Telegraph ^ | May 26, 2015 | Szu Ping Chan
    The world is sinking under too much debt and an ageing global population means countries' debt piles are in danger of growing out of control, the European chief executive of Goldman Sachs Asset Management has warned. Andrew Wilson, head of Europe, Middle East and Africa (EMEA), said growing debt piles around the world posed one of the biggest threats to the global economy.
  • Top 4 Oil Companies For Dividend Investors

    05/26/2015 1:52:29 PM PDT · by bananaman22 · 6 replies
    Oilprice.com ^ | 26-05-2015 | chase
    Investing in the energy industry right now can be scary. On the one hand, oil prices have been extremely volatile and look likely to stay that way. On the other hand, while clean energy, especially wind power, is growing rapidly, valuations are astronomical and, for income-focused investors there are few good options. With that in mind, investors looking for income in energy have little choice but to turn to the safest conventional energy play available; oil majors. Companies like ExxonMobil and Royal Dutch Shell have been around for decades, so regardless of what happens to oil prices, these firms have...
  • Kenyan lawyer offers livestock to wed Obama's daughter

    05/26/2015 10:03:35 AM PDT · by Berlin_Freeper · 56 replies
    news.yahoo.com ^ | May 26, 2015 | AFP
    A Kenyan lawyer has offered US president Barack Obama 50 cows and other assorted livestock in exchange for his 16-year old daughter Malia's hand in marriage, a report said Tuesday. Felix Kiprono said he was willing to pay 50 cows, 70 sheep and 30 goats in order to fulfil his dream of marrying the first daughter. "I got interested in her in 2008," Kiprono said, in an interview with The Nairobian newspaper. At that time President Obama was running for office for the first time and Malia was a 10-year-old. "As a matter of fact, I haven't dated anyone since...
  • Barack “Climate Change” Obama

    05/26/2015 6:22:30 AM PDT · by Sean_Anthony · 9 replies
    Canada Free Press ^ | 05/26/15 | Al Caruba
    IF Obama’s climate change idiocy is just a way to distract us from the problems we have thanks to his failure to address them, then it is purely cynical, political. IF Obama really believes this stuff, he is unfit to be President “Woe to the land that’s governed by a child.” - Shakespeare, Richard III I have been wrestling for some kind of explanation why the President of the United States, Barack Obama, would continue to talk about climate change and urge the global transition from fossil fuels to wind, solar and bio-energy. I have concluded that he thinks everyone,...
  • Can you name the biggest racist employer in America? [when the "new norm" isn't okay]

    05/26/2015 12:57:32 AM PDT · by Cincinatus' Wife · 10 replies
    The American Thinker ^ | May 26, 2015 | Newsmachete
    Every time the liberal media discovers that the racial composition of any particular company or industry does not reflect the population of the United States, immediately millions of gallons of ink (or digital ink) are shed as the media frantically searches for signs of inherent racism. Just look at this recent article worrying that not enough black directors were making Super Bowl ads. But in a curious article in the New York Times, the Times mentions an enormous racial disparity only second-handedly, and doesn't seem concerned about the nature of it, because the recipients of it are not white, but...
  • ‘Kiss your pension fund goodbye’? Economist warns government could seize 401(k)s

    05/25/2015 5:06:04 PM PDT · by SkyPilot · 81 replies
    Economic Collapse News ^ | 25 May 2015 | Andrew Moran
    The United States government could start seizing 401(k) plans, says one economist who believes a recent Supreme Court ruling sets the stage for Washington to initiate any such plans. Economist Martin Armstrong published a blog post Monday that took a look at the recent Tibble v. Edison case. The court concluded that employers have an obligation to protect their workers’ 401(k) plans from mutual funds that provide deplorable returns. Armstrong thinks this could give the federal government the arsenal to begin seizing private funds and take companies to court if mutual funds perform poorly. This comes as the Obama administration...
  • Oil Markets Can’t Ignore The Fundamentals Forever

    05/25/2015 11:59:22 AM PDT · by bananaman22 · 18 replies
    Oilprice.com ^ | 25-5-2015 | Arthur
    Storage withdrawals and falling rig count have been the main sources of hope that U.S. tight oil production will fall and that oil prices will rebound. That hope is fading as it is now clear that recent withdrawals from U.S. crude oil storage are because of price, not falling supply, and that the drop in rig count has stalled. Figure 1 below shows the relationship between U.S. crude oil storage inventory and WTI price. The thinking around recent withdrawals from storage is that this reflects depleting supply. The data, however, reflects that traders were storing crude oil during the price...
  • BBC: Somalia beach Guard with Leather AK Mag Pouches

    05/25/2015 6:06:06 AM PDT · by marktwain · 3 replies
    Gun Watch ^ | 24 May, 2015 | Dean Weingarten
    As I watched a BBC news story about how order is being restored to Somalia, I could not help but notice the beach guard with his AK 47 and the very nice,  leather magazine pouches for 30 round magazines.   They seem to be attached to a load bearing system with shoulder straps.  From the uniformity of the pouches, it appears to be at least a local cottage industry.  The top flap seems to protect the magazines from sand, and I expect that in Somalia, a desert country, mold and decay are not huge problems.  I wonder how the leather...
  • Feature: The new shape of fusion

    05/24/2015 10:15:25 PM PDT · by 2ndDivisionVet · 13 replies
    Science ^ | May 21, 2015 | Daniel Clery
    ITER, the international fusion reactor being built in France, will stand 10 stories tall, weigh three times as much as the Eiffel Tower, and cost its seven international partners $18 billion or more. The result of decades of planning, ITER will not produce fusion energy until 2027 at the earliest. And it will be decades before an ITER-like plant pumps electricity into the grid. Surely there is a quicker and cheaper route to fusion energy. Fusion enthusiasts have a slew of schemes for achieving the starlike temperatures or crushing pressures needed to get hydrogen nuclei to come together in an...
  • Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?

    05/24/2015 3:53:23 PM PDT · by SeekAndFind · 19 replies
    TEC ^ | 05/24/2015 | Michael Snyder
    Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Well, the nation of Greece is now approaching a similar endgame. At this point, the Greek government has not received any money from the EU or the IMF since August 2014. As you can imagine, that means that Greek government accounts are just about bone dry. The new Greek government continues to insist that it will never “violate its anti-austerity mandate”, but the screws are tightening. Right now the...
  • National restaurant chain offers veterans a free meal

    05/24/2015 3:28:07 PM PDT · by 2ndDivisionVet · 32 replies
    KFOX-TV ^ | May 24, 2015 | Victor Venegas
    EL PASO, Texas -- On the day to remember America's war dead, Twin Peaks is saying thank you to military veterans by offering a free meal this Memorial Day. The national chain is making the meals available to all current and former members of the U.S. Armed Forces at all its locations in the Borderland and across the country. The offer is valid for lunch or dinner. Veterans will get to choose a free entrée from a special menu, which includes Blackened Chicken Quesadillas and Fish Tacos.
  • Fox News Turns On Mike Huckabee And Tries To Kill His Presidential Campaign

    05/24/2015 2:27:39 PM PDT · by 2ndDivisionVet · 47 replies
    PoliticusUSA - Real Liberal Politics ^ | May 24, 2015 | Jason Easley
    Fox News has decided that Mike Huckabee should not be the Republican nominee, so Chris Wallace went on the attack against Huckabee’s flat tax plan on Fox News Sunday. Video: (VIDEO-AT-LINK)CHRIS WALLACE: You want to abolish the income tax. You want to abolish the IRS and create a fair tax, which as you say is a national sales tax, but critics say the problem with that is that it’s too regressive. The Tax Policy Center said this, that “the average rate for the lowest income group would exceed 33% while the average rate for the top group would fall to...
  • The Congressional Board of Exchange

    05/24/2015 6:44:28 AM PDT · by Sean_Anthony
    Canada Free Press ^ | 05/24/15 | Sandy Stringfellow
    Congress is forgetting its duty: to improve jobs and wages for Americans We are living in a political world of the UniParty; it’s sort of like the Chicago Mercantile Exchange, a historic commodity and – in these modern times – financial derivative exchange based in Chicago. Naturally, the UniParty isn’t quite as obvious as the Chicago floor traders standing in a trading pit, calling out orders, prices, and quantities of particular commodities while dressed in color-coded jackets indicating their function on the trading floor; nor are those in the Senate usually observed gesticulating with complex hand signals to communicate the...
  • Extreme Networks Cuts 18 Percent Of Workforce; Plans To 'Rely More On Channel Partners' (285 jobs)

    05/23/2015 9:13:15 PM PDT · by 2ndDivisionVet · 7 replies
    CRN ^ | May 21, 2015 | Mark Haranas
    Extreme Networks on Thursday disclosed plans to restructure by cutting 18 percent of its global workforce -- 285 jobs -- and investing in software and cloud services for the channel. Some sales positions were included in the job cuts, and Extreme plans to fill those gaps by working more closely with solution providers, said Ed Meyercord, president and CEO of Extreme, during a conference call. "In certain markets, rather than have the fixed costs of a direct sales team or people in place, we'll cover that through the channel and channel partners," Meyercord said. "We're going to rely more heavily...
  • Unilever to close last Md. factory (Baltimore, 137 layoffs)

    05/23/2015 8:53:39 PM PDT · by 2ndDivisionVet · 15 replies
    The Baltimore Sun ^ | May 12, 2015 | Natalie Sherman
    Unilever plans to move production of vegetable oil and margarine spreads from Baltimore to Kansas beginning at the end of the month, shutting its Baltimore plant and laying off 137 workers. The consumer goods giant plans to shift operations from its Southwest Avenue factory to Olathe, Kansas, where it performs similar work and embarked on a $152.5 million expansion in 2013. Unilever informed Maryland regulators of the layoffs, which begin this month, in a notice last month, as required by the Worker Adjustment and Retraining Notification Act. The plant is slated to close by the end of September. The Southwest...
  • Coal-mine companies expect 2,267 layoffs

    05/23/2015 8:35:49 PM PDT · by 2ndDivisionVet · 25 replies
    The Columbus Dispatch / The Associated Press ^ | May 23, 2015 | Jonathan Mattise
    CHARLESTON, W.Va. — Appalachian coal mining suffered a double blow on Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told 439 more Mountain State miners they could be out of work. The announcements continue a grim employment trend for the Appalachian coalfields. On Friday, St. Clairsville, Ohio-based Murray Energy said it told 1,417 workers at five West Virginia mines that their jobs must be eliminated....
  • The Case For Reparations: 40 Acres and a Mule Would Cost America at Least $6.4 Trillion Today

    05/23/2015 5:35:51 PM PDT · by 2ndDivisionVet · 42 replies
    The Atlanta Black Star ^ | May 23, 2015 | David A. Love
    If you were to guess how much the United States owes Black people in economic damages for slavery, how much would it be? In the part of the “I Have A Dream” speech that no one seems to remember, Dr. Martin Luther King Jr. declared: “It is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked ‘insufficient funds.’” While some people would conclude that no dollar amount can...
  • Analysis ranks best, worst states for military retirees

    05/23/2015 3:16:27 PM PDT · by 2ndDivisionVet · 18 replies
    KRQE-TV ^ | May 23, 2015 | Brittney Petro
    A newly released analysis ranks “2015’s Best and Worst States for Military Retirees” based on a state’s ability to support retired veterans. WalletHub looked at 20 key factors when determining the rankings. The three major categories in the ranking included economic environment, quality of life and healthcare. However, WalletHub took other factors into consideration as well, such as job opportunities, housing prices, veteran-owned businesses and veteran homelessness. Top 5 States for Military Retirees: 1. Wyoming 2. Montana 3. South Dakota 4. Maine 5. Florida Bottom 5 States for Military Retirees: 51. Indiana 40. Rhode Island 49. District of Columbia 48....
  • A $77 3D Printer is Unveiled! Say Hello to the Lewihe Play

    05/22/2015 8:37:01 PM PDT · by 2ndDivisionVet · 7 replies
    3DPrint ^ | May 21, 2015 | Eddie Krassenstein
    With all technology, prices tend to come down as time goes on. This was seen within the personal computer market and the 2-dimensional printer market, and now we are starting to really see this happen within the 3D printing space as well. Whether you are a consumer and you love the fact that prices continue to drop, or if you are a manufacturer and you hate it, we can probably expect this trend to continue at least a little bit longer. Just 2 years ago, if you wanted a desktop 3D printer, you were looking at spending four figures. There...
  • Coffee And Cream: The Conversation Starbucks Refused To Serve

    05/22/2015 8:00:57 PM PDT · by xuberalles · 30 replies
    Self | 05/22/15 | Me
    It has long been suspected America is on the downside of history; often a self-inflicted spiral delivered by the hand of incompetence, corruption or irreverence. That being said, I cannot ignore a fundamental truth that is at the very heart of the rhetoric dividing our communities and destroying our nation. The real reason there is such a high degree of cynicism and distrust along racial lines is because of the unpleasant realities people either completely ignore, carefully avoid or foolishly justify. Call them clues or outright statistical proofs; just know they are the symptoms of our country’s impending peril. Despite...
  • Say goodbye to your clunky air conditioner—this table uses no electricity to regulate temperature

    05/22/2015 7:30:55 PM PDT · by 2ndDivisionVet · 65 replies
    Business Insider ^ | May 19, 2015 | Megan Willett
    Consisting simply of a surface and legs, the table is one piece of furniture that has remained largely the same for thousands of years. But now, a French design duo has come up with a way to turn the humble table into a means of climate control that doesn't use any electricity. Paris-based industrial designer Jean-Sébastien Lagrange teamed up with French engineer Raphaël Ménard to create the Zero Energy Furniture table, also known as the ZEF Climatic Table. The ZEF table looks like any other with the sleek design of a solid plank oak top and angled legs — but...
  • $100 billion Saudi built-from-scratch city to be ready by 2035

    05/22/2015 6:40:54 PM PDT · by 2ndDivisionVet · 7 replies
    KOMO-TV / The Associated Press ^ | May 22, 2015 | Karin Laub
    SOUTHERN SHUNEH, Jordan - A $100 billion city-from-scratch in Saudi Arabia is to be completed by 2035 and will serve as the main logistics and manufacturing hub for countries on the Red Sea, the world's "largest new emerging market," said the CEO of the company in charge of the mega-project. The business model of an entire city being built by the private sector was so unusual that it required adjustments in the beginning, said Fahd al-Rasheed, the Group CEO of Emaar Economic City (EEC), which is building the King Abdullah Economic City. "Putting that first phase together is the most...
  • This Is How You "Boost" GDP: US Sells Over $4 Billion In Weapons To Israel, Iran And Saudi Arabia

    05/22/2015 8:42:03 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 05/22/2015 | Tyler Durden
    War, what's it good for? Aside from countless deaths of innocent civilians of course, it means a GDP boost for the biggest exporter of weapons on earth, the United States, and even more profits for the US military-industrial complex. Profits which mean the shareholders of America's arms manufacturers get even richer. Which is why following months of middle-eastern sabre ratling and numerous quasi-wars already raging in the region, moments ago the U.S. State Department approved the sale of 10 MH-60R Seahawk helicopters to Saudi Arabia for $1.9 billion, the first step in "a major multibillion-dollar modernization of the Saudi...
  • Adult dating site hack exposes millions of users (Adult Friend Finder)

    05/22/2015 4:07:03 AM PDT · by 2ndDivisionVet · 23 replies
    Belfast's News Channel 4 ^ | May 21, 2015 | Geoff White
    Hackers have struck one of the world's largest internet dating websites, leaking the highly sensitive sexual information of almost four million users onto the web. The stolen data reveals the sexual preferences of users, whether they're gay or straight, and even indicates which ones might be seeking extramarital affairs. In addition, the hackers have revealed email addresses, usernames, dates of birth, postal codes and unique internet addresses of users' computers. Channel 4 News has been investigating the cyber underworld, discovering which websites have been hacked and exposing the trade in personal information of millions of people through so-called "dark web"...
  • OPEC Struggling To Keep Up The Pace In Oil Price War

    05/21/2015 1:39:25 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 21-05-2015 | Leonard Brecken
    Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in the second half of this year. CA recently noted that global demand outstripped supply by some 4 million barrels in April . This comes in addition to the mounting evidence that the oil market, via rig count declines, slowing production growth, higher demand and huge API crude inventory declines, is starting to readjust. Be that as it may, Goldman Sachs (GS) seems to believe oil must fall to $45 by...
  • Would You Like Fries With That Demonstration?

    05/21/2015 1:22:43 PM PDT · by jfd1776 · 13 replies
    Illinois Review ^ | May 21, 2015 A.D. | John F. Di Leo
    Reflections on the "minimum wage hike" protests today at McDonald's Oak Brook headquarters... On a cool May morning, as McDonalds’ shareholders met to determine the fast food giant’s future course, some 2000 protesters, hailing from as far as Kansas City and New York, descended upon them to present a list of demands. Raise the starting wage to $15/hour, they threatened, lest the company be forever branded with such monikers as Exploiter, Villain, Robber Baron and Tyrant! The Chicago Tribune, newspaper of record in the blighted metro area that McDonald’s calls home, was happy to give front page coverage to these...
  • World’s Largest Indoor Farm In Japan Produces 100 Times More Food Than Other Farms [Video]

    05/21/2015 12:41:29 PM PDT · by 2ndDivisionVet · 23 replies
    The Inquisitr News ^ | January 27, 2015 | Jan Omega
    When it comes to farming, there is no better time than now to get into the field. Thanks to technological advances ushered in by the green movement, farming has evolved from a traditional means to sustain a personal living to a science with the potential to feed millions. The Inquisitr previously reported on how technology-assisted farming has become a blessing to others. Former NFL football player, Jason Brown, watched DIY videos on Youtube to learn how to grow 46,000 pounds of sweet potatoes and 10,000 pounds of cucumbers, which he donated to pantries and kitchens. In Irvine, California, an entire...
  • In need of assistance in debate about Socialism

    05/21/2015 10:57:10 AM PDT · by youngphys01 · 106 replies
    So I am in a debate with colleagues about the future of capitalism and socialism and they are claiming that with the rise of automation, capitalism will fail as an economic system and the only way to prevent mass starvation and severe poverty i to implement all of the socialist ideas of Obama, Elizabeth Warren, Nancy Pelosi and others and do it now. The idea is that with the rise of automation technology, any job that depends on manual labor and repetitive actions will simply be gone and tons of construction and other jobs will disappear. And so there will...
  • When a Good Deal is a Bad Deal

    05/21/2015 6:57:25 AM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 05/21/15 | Robert Rosebrock
    We still have thousands upon thousands of war-injured and impoverished homeless Veterans and they need your help to speak out in their behalf Fellow Veterans and Friends of Veterans When the Plaintiffs and Defendants jointly announced the so-called “settlement agreement,” the lead spokesman for the Plaintiffs called it “a good deal” and I called it a “Trojan Horse.” The lawyers for both the Plaintiffs and Defendants said “trust us.” Well, we trusted them and the settlement is proving to be a very bad deal for Veterans as the “Trojan Horse” has taken over and it is a very good deal...
  • Thinking About China

    05/21/2015 6:39:18 AM PDT · by Sean_Anthony
    Canada Free Press ^ | 05/21/15 | Al Caruba
    China’s economic clout is real and growing rapidly, especially since the 2008 financial crisis. China has been the main engine of growth for the world’s economy since that time and, by some measures, has become the world’s number one trading state Napoleon Bonaparte purportedly said “Let China sleep, for when China wakes, she will shake the world.” As Thomas J. Christensen, the author of his recently published “The China Challenge: Shaping the Choices of a Rising Power”, reminds us, “For millennia China was arguably the greatest civilization on the planet and for many previous centuries its most powerful empire.” China...
  • What If Everybody Didn't Have to Work to Get Paid?

    05/20/2015 8:27:35 PM PDT · by 2ndDivisionVet · 70 replies
    The Atlantic ^ | May 18, 2015 | David R. Wheeler
    Scott Santens has been thinking a lot about fish lately. Specifically, he’s been reflecting on the aphorism, “If you give a man a fish, he eats for a day. If you teach a man to fish, he eats for life.” What Santens wants to know is this: “If you build a robot to fish, do all men starve, or do all men eat?” Santens is 37 years old, and he’s a leader in the basic income movement—a worldwide network of thousands of advocates (26,000 on Reddit alone) who believe that governments should provide every citizen with a monthly stipend big...
  • Goldman Sachs Predicting $45 Oil By October

    05/20/2015 11:34:40 AM PDT · by bananaman22 · 8 replies
    Oilprice.com ^ | 20-05-2015 | pricingpoints
    Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than a third from March lows. There are good reasons for this. Rig counts are down by nearly 1,000 (or nearly 60 percent) since hitting a high in October 2014. Spending on some of the world’s largest projects has been cut by a combined $129 billion, a figure that could balloon to $200 billion by 2016. The spending and drilling contraction is finally leading to some small production declines.
  • The Slow Death of Common Core

    05/20/2015 7:24:47 AM PDT · by Sean_Anthony · 23 replies
    Canada Free Press ^ | 05/20/15 | Al Caruba
    Common Core teaches collectivism—socialism—and degrades various elements of education from math to English to science Think about the major policy undertakings of the Obama administration over the past six and a half years. It began with a “stimulus” that wasted trillions in the quest of generating jobs, but did little to nothing in achieving that goal. That was followed by ObamaCare which most agree has been a disaster for the nation’s healthcare sector and, finally, Common Core, a one-size-fits-all testing program intended, we were told, to improve learning standards in the nation’s schools. The only thing it has achieved is...
  • Takata US exploding airbag recall doubled to record 34 mn vehicles

    05/19/2015 10:26:18 PM PDT · by Berlin_Freeper · 6 replies
    myhome.toshiba.com ^ | May 20, 2015 | AFP
    Japanese auto parts giant Takata agreed to double a recall of US cars with potentially deadly airbags to a record of nearly 34 million vehicles, officials said, sending the firm's shares plunging in Tokyo on Wednesday.
  • What Will Happen to Truck Stop Towns When Driverless Truck Technology Expands?

    05/19/2015 7:56:40 PM PDT · by 2ndDivisionVet · 64 replies
    Route Fifty ^ | May 18, 2015 | Michael Grass
    In just a few years, communities that depend on the trucking industry for their vitality will be facing major economic disruption.Roscoe, Nebraska, is a good place to contemplate how the evolution of long-haul travel can change a community. This unincorporated settlement—some classify Roscoe as a “semi-ghost town”—sits about seven miles east of the city of Ogallala along U.S. 30, which follows the old Lincoln Highway route and before that, various overland migration trails to California, Oregon and Utah. Just off U.S. 30, opposite the Union Pacific freight-rail tracks, there’s an abandoned gas station with its former pump, pictured above, standing...
  • Victims? Aren't We All!

    05/19/2015 9:57:25 AM PDT · by xuberalles · 15 replies
    Self | 5/19/15 | Me
    Will someone please inform our so-called President it's not 1860 and that neither him or Michelle Obama have ever been slaves. Even at the height of slavery during the Antebellum period, less than 2% of the population were slave owners; which by the way, included black Americans amongst their infamous ranks. This of course is omitting the trivial facts African tribes sold their brethren into bondage for everyday trinkets and that nearly 400,000 white men died to procure their freedom. I'm also guessing our myopic pastor of prejudice forgot that the KKK was specifically forged as the terrorist arm of...
  • Tina Siegert the Google Goliath’s David

    05/19/2015 8:55:28 AM PDT · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 05/19/15 | Judi Mcleod
    Google, the world’s largest search engine, is gargantuan in size and clout, but still small enough to fit in Barack Obama’s back pocket Conservative websites like Canada Free Press (CFP) owe a debt of gratitude to plucky ‘Citizen Journalist’, news researcher cum laude, Tina Siegert of News the Media Won’t Show You. Though some might not yet realize its full impact, all conservative websites are under Google suppression now that Google has claimed rights as the Grand Central of Internet Truth. Google will no longer drive traffic to Conservative websites. Internet traffic is what gets all websites Internet advertising. Without...