Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $83,553
94%  
Woo hoo!! And now less than $4.5k to go!! Let's git 'er done!! Thank you all very much!!

Business/Economy (General/Chat)

Brevity: Headers | « Text »
  • Marijuana Investors Lost $23.3 Billion in Penny Stocks Last Year

    03/02/2015 11:04:42 AM PST · by dennisw · 19 replies
    vice.com ^ | February 26, 2015 | Jordan Pearson
    Investors in small cannabis companies lost $23.3 billion in 2014 because shady stock promoters are capitalizing on the slow tide of legalization in the US by manipulating the penny stock market with “pump and dump” schemes. Penny stocks are stocks in small companies that trade for less than five dollars apiece. They’re quoted and traded on dealer networks like OTC Markets because they don’t meet the requirements to be traded on more formal exchanges like the New York Stock Exchange. They’re also extremely volatile. Shady stock promoters capitalize on this volatility by convincing others to buy stock in worthless companies...
  • Upstate towns threatening to secede from New York

    03/02/2015 9:49:11 AM PST · by GrandJediMasterYoda · 28 replies
    NY Post ^ | 3/2/15 | By Leonard Greene
    Upstate towns threatening to secede from New York By Leonard Greene More than a dozen upstate towns are threatening to try to secede from New York and become part of Pennsylvania because of projected economic losses over Gov. Andrew Cuomos decision to ban fracking. The town leaders from New Yorks Southern Tier region said they would be better off in the Keystone State after Cuomo put the kibosh on natural-gas drilling here. Towns on both sides of the state border have the same geology, but only the businesses in Pennsylvania, where fracking is allowed, have been thriving, said officials from...
  • Lumber Liquidators shares are crashing after a damning '60 Minutes' report

    03/02/2015 9:34:30 AM PST · by SeekAndFind · 94 replies
    Business Insider ^ | 03/02/2015 | Myles Udland
    Lumber Liquidators shares are getting smoked after a report aired on "60 Minutes" Sunday night that showed major issues at some of the company's factories in China. Near 11:15 a.m. ET on Monday, shares of the company were down more than 22%. In premarket trade Monday, shares of Lumber Liquidators North America's largest specialty retailer of hardwood floor were down as much as 24%. At the opening bell on Monday, shares of the company were halted, news pending. Just after 11:00 a.m. ET, the company released a statement regarding the "60 Minutes" report, saying the newsmagazine used an...
  • Palin Demands Obama Put Veterans Ahead of Illegals

    03/02/2015 4:37:54 AM PST · by Cringing Negativism Network · 11 replies
    Breitbart.com ^ | 26 Feb 2015 | by Tony Lee
    On Thursday, former Alaska Governor Sarah Palin ripped the Obama administration for putting the needs of illegal immigrants ahead of veterans who sacrificed to ensure the nations freedoms. http://www.breitbart.com/big-government/2015/02/26/palin-demands-obama-put-veterans-ahead-of-illegals/
  • 20 of Apples Favorite Photos Shot with the iPhone 6

    03/01/2015 9:11:42 PM PST · by Swordmaker · 44 replies
    Petapixel ^ | March 1, 2015 | by Michael Zhang
    Apple tells us that its launching a new global advertising campaign called Shot on iPhone 6. Starting this week, billboards in 70 cities in 24 countries around the world will feature photos captured by iPhone 6 owners. 77 iPhone photographers will be featured in the campaign after Apple selected their images as its favorites. The worldwide nature of this effort makes this possibly the largest mobile photo gallery ever put together, featuring the work of a group that spans a wide range of backgrounds, nationalities, ages, professions, cultures and photography experience. The photographs in the campaign were not commissioned...
  • The computer of the future

    03/01/2015 8:28:02 PM PST · by leopardseal · 45 replies
    It might actually be that something like this would be possible with today's technology or it may be more like five or ten years out, but this is the computer I'd like to have. The thing would look like two Iphones held together face to face with magnets or snaps of some sort and fit in a shirt pocket. You'd take it out of your pocket, take the two halves of the thing apart, and set the one half on any flat surface to be the mouse. The other half would sit on the same surface and somehow generate a...
  • Here's everything we know about Project Titan, Apple's rumoured electric car

    03/01/2015 3:58:35 PM PST · by SeekAndFind · 66 replies
    Business Insider ^ | 02/28/2015 | Rob Price
    Just a few weeks ago, the idea that Apple might make a car seemed like an outlandish rumour. Today, it's accepted by many as gospel. Numerous reports have filtered through in recent days, providing more detail on Apple's automotive ambitions. Of course, nothing has been confirmed yet. The Apple Car would be a massive, multi-year undertaking. But here's what we've heard so far: It's called Project Titan. The detail comes via a report from the Wall Street Journal. It's an electric car. This puts the company in competition with Tesla, which develops cutting edge electric-powered vehicles. VC and entrepreneur Jason...
  • Early retirement getting more rare for Minnesota public employees

    03/01/2015 8:24:16 AM PST · by TurboZamboni · 23 replies
    Pioneer Press ^ | 3-1-15 | Maryjo Webster
    Marlene Nelson loved teaching, but after 35 years she was ready to retire the first chance she got. When she became eligible for her pension at age 55 because of an early-retirement incentive known as the Rule of 90, she and her husband sold their home in Glenwood, Minn., and moved someplace warm. "I really would've liked to have taught a little longer, but I just wanted to go out liking my job," Nelson said. She and her husband have spent the past four years living modestly off their two pensions in Arizona. This kind of Utopian early retirement is...
  • A typical Auto Paint Job in California = $1250. OR MORE! EPA Busybodies to Blame?

    03/01/2015 1:23:41 AM PST · by lee martell · 39 replies
    March 1, 2015 | Lee Martell
    Let me be the first to say, I know very little about cars, their construction, their design and their maintenance. I'm also unfamiliar with typical costs of paint jobs. My former car, an old model Honda Civic, 4door had deteriorated. I knew it was time to get another car when a repairman told me "The trouble is that the Head Gasket is cracked', so that's why you hear the bubbling noise when you shut the engine off". "Oh!" says I. So I call Salvation Army to donate the car, get it out of my parking space and out of my...
  • The Warming World: Is Capitalism Destroying Our Planet? (barf: admits anti-capitalism)

    02/28/2015 6:39:49 PM PST · by Olog-hai · 30 replies
    Der Spiegel ^ | February 25, 2015 06:05 PM | Alexander Jung, Horand Knaup, Samiha Shafy and Bernhard Zand
    Since 1880, when global temperatures began to be systematically collected, no year has been warmer than 2014. The 15 warmest years, with one single exception, have come during the first 15 years of the new millennium. Indeed, it has become an open question as to whether global warming can be stopped anymoreor at least limited as policymakers have called for. Is capitalism ultimately responsible for the problem, or could it actually help to solve it? [] Following the Copenhagen fiasco, the executive secretary of the United Nations Framework Convention on Climate Change, Yvo de Boer of the Netherlands, resigned in...
  • This Billionaire Governor Taxed the Rich and Increased the Minimum Wage -- Now, His State's Economy

    02/28/2015 6:10:04 PM PST · by SendShaqtoIraq · 59 replies
    Huffington Post ^ | 02/28/15 | Carl Gibson
    "Minnesota's Governor raised the minimum wage, signed an equal pay act, and raised taxes on the rich to fund K-12 schools and higher education. Minnesota now has the 5th highest job growth in the nation and median income is $8,000 higher than the national average. By contrast, Governor Walker in the neighboring state of Wisconsin did the opposite: he gave the rich $2.1 billion in tax breaks, busted unions, and cut school funding more than any governor. Wisconsin now ranks 37th for job growth, median income is $800 below the national average, and the budget deficit is so large Walker...
  • The Progressive Myth of Creativity, Ken Robinson, and the Worst World Order

    02/28/2015 3:44:04 PM PST · by BruceDeitrickPrice · 20 replies
    American Thinker ^ | Nov. 25, 2013 | Bruce Deitrick Price
    [Summary: Progressive education tends to celebrate creativity at the expense of knowledge and the traditional curriculum.] Creativity has been a big theme in progressive education for more than 75 years: We are constantly lectured that kids need music, art, theater, etc. This theme is now metastasizing into an oppressive dogma. But why? Ken Robinson, the guru of creativity, is famous for saying We are educating people out of their creative capacities. The premise seems to be: if kids do arty things, they will end up being artists. Empirically untrue. Conversely, Robinson says that if children do something rigorous and academic,...
  • President Obama "Steps Up" Attack On Estate Planning Techniques

    02/28/2015 7:27:04 AM PST · by TurboZamboni · 19 replies
    Penton Business Media ^ | 2-2-15 | Eric Fischer
    On Feb. 2, 2015, on the heels of the State of the Union Address, the Obama Administration released its budget proposal for the 2016 fiscal year, accompanied by the Treasury Department's General Explanation of the Administration's Fiscal Year 2016 Revenue Proposals (colloquially known as the Greenbook).[1] Given the percentage of his previous proposals that have been passed and the newly-elected Republican majority in both houses of Congress, the vast majority of the proposals in the Greenbook are unlikely to become law during President Obama's last two years in office. However, they are worth noting, as they identify the focus points...
  • Impossible to Resist: Addictive Food Report

    02/28/2015 5:44:37 AM PST · by xzins · 59 replies
    CBN ^ | February 25, 2015 | CBNNews.com
    If you feel like it is impossible to put certain foods down, there could be a reason. A new report is naming some of the most addictive foods and explaining why they are so hard to resist. According to the Huffington Post, the following foods are among the most addictive: pizza, chocolate, chips, cookies, and ice cream. The report shows foods that cause the most mental distress and physical discomfort are highly processed, as well as high in added fats and sugars. Food is not currently classified as an addiction, but experts say it can impact how you feel.
  • Sarah Palin: Obama responsible for rise of ISIS

    02/28/2015 5:44:04 AM PST · by Cringing Negativism Network · 32 replies
    NRT - ‎22 hours ago‎ ^ | NRT - ‎22 hours ago‎ | NRT - ‎22 hours ago‎
    Former Alaska Governor Sarah Palin, a Republican, has said the main reason for the rise of the Islamic State of Iraq and Syria (ISIS) was U.S. President Barack Obama's decision to pull American troops out of Iraq. http://www.nrttv.com/en/detailsnews/2015/02/27/sarah-palin-obama-responsible-for-rise-of-isis
  • Pay us or well call the cops: Stores giving shoplifters choice of punishment - but is it coercion?

    02/28/2015 3:13:00 AM PST · by rickmichaels · 48 replies
    National Post ^ | February 27, 2015 | Leon Neyfakh
    Imagine youre browsing at Bloomingdales when a security guard taps you on the shoulder and accuses you of shoplifting. He takes you to a private room, sits you down, and runs your name through a database to see if you have any outstanding warrants. Then he tells you that you have two options. The first involves him calling the police, who might arrest you and take you to jail. The second allows you to walk out of the store immediately, no questions askedright after you sign an admission of guilt and agree to pay $320 to take an online course...
  • How Apple lost $533 million to an 8th-grade dropout patent troll

    02/28/2015 12:56:07 AM PST · by Swordmaker · 19 replies
    Fortune ^ | FEBRUARY 27, 2015, 12:22 PM EST | by Philip Elmer-DeWitt
    One of its mistakes was to make a fuss about Patrick Racz education in front of a Texas jury. Tyler Texas Federal District Court HouseThe Rocket Docket Apple rarely comments on legal matters, and when it does it chooses its words carefully. So I read with interest the statement it issued after it was ordered to pay $532.9 million to Smartflash LLC for willful infringement of three U.S. patents. Its a classic of the genre: Smartflash makes no products, has no employees, creates no jobs, has no U.S. presence, and is exploiting our patent system to seek royalties for technology...
  • Apple faces second suit from victorious patent firm

    02/28/2015 12:38:54 AM PST · by Swordmaker · 9 replies
    Reuters ^ | Fri Feb 27, 2015 1:01am EST | BY ANDREW CHUNG
    (Reuters) - Fresh off a $532.9 million jury win against Apple Inc (AAPL.O), a Texas company is again suing the tech giant, this time over the same patents' use in devices introduced after the original case was underway. Smartflash LLC aims to make Apple pay for using the patent licensing firm's technology without permission in devices not be included in the previous case, such as the iPhone 6 and 6 Plus and the iPad Air 2. The trial covered older Apple devices. On Tuesday, a jury in federal court in Tyler, Texas found that Apple willfully violated three Smartflash patents...
  • Apple Watch will replace your car keys, says Tim Cook

    02/27/2015 9:03:54 PM PST · by fireman15 · 65 replies
    The Telegraph ^ | 02/27/2015 | Allister Heath
    Apple Watch will replace your car keys, says Tim Cook Exclusive interview: The Apple chief executive reveals to Allister Heath how the revolutionary features in the company's smartwatch could forever alter our daily lives. Like millions of people, Tim Cook stopped wearing a watch a while back. The Apple boss no longer needed one: his iPhone told the time just fine. There was just one problem, as he readily acknowledges in his interview with The Telegraph: glancing at one's wrist can be a very useful way to find out information. It is less rude and less intrusive. So Apple now...
  • Ericsson sues Apple for patent infringement; seeks to ban iPhone sales in U.S.

    02/27/2015 4:32:31 PM PST · by Swordmaker · 21 replies
    Mac Daily News ^ | Friday, February 27, 2015 8:50 am
    Ericsson AB said Friday it is suing Apple Inc. for infringing technology patents it says are critical to many aspects of the U.S. tech giants popular mobile devices such as iPhones and iPads, Dominic Chopping and Juhana Rossi report for The Wall Street Journal. The Swedish telecom equipment supplier said Apple had declined a licensing deal and refused an offer to have a court determine fair licensing terms by which both companies would be bound. Our last offer was to have this determination either in [a federal court in] Texas or in a court selected by Apple in California. They...
  • Strong Roots Nebraska Plan Would Boost Economic Outlook

    02/27/2015 2:55:21 PM PST · by ThethoughtsofGreg · 1 replies
    American Legislator ^ | 2-27-15 | Ben Wilterdink
    The recent state of Nebraskas tax and fiscal policy climate has been lackluster compared to other states in the region. In the most recent edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index Nebraska ranks 35th (1 being the best, 50 being the worst), which is the poorest economic outlook ranking in the region. Nebraska has been slowly falling behind its neighbors, especially South Dakota and Wyomingtwo states without any income taxesand Kansas improving its economic climate with major recent tax reform. Nebraska has also lost $2.58 billion in adjusted gross income (AGI) to other states from 1992...
  • Immigration Question

    02/27/2015 1:50:59 PM PST · by neverbluffer · 11 replies
    SELF | 02/27/2015 | NEVERBLUFFER
    Can someone please answer a question for me? We have been groomed over the years by the liberal crowd to believe that illegal aliens entering this country (illegally of course) is not a criminal offense, only a civil matter. However, the following code of laws regarding immigration state clearly: 8 U.S. Code 1325 - Improper entry by alien (a) Improper time or place; avoidance of examination or inspection; misrepresentation and concealment of facts Any alien who (1) enters or attempts to enter the United States at any time or place other than as designated by immigration officers, or (2)...
  • This guy used a get-rich-quick scheme and got rich

    02/27/2015 12:44:08 PM PST · by FlJoePa · 33 replies
    cnn ^ | 2-27-15 | David Goldman
    <p>You know those crazy get rich quick schemes that supposedly let you become a millionaire from your living room couch? That exact scenario just played out for Eric Martin of York, Pennsylvania.</p> <p>Last month, Martin read about a new all-the-rage startup retail/tech company called Jet.com, which had been holding a contest to get people to sign their friends up for a preview version of its service. The startup announced that it would give 100,000 shares of the company to the person who signed up the highest number of people.</p>
  • Motorcycle maker Yamaha to launch small cars in Europe

    02/27/2015 12:26:57 PM PST · by nascarnation · 71 replies
    Hindustan Times ^ | 2/27/2015 | AFP
    Japanese motorcycle giant Yamaha will join the four-wheel market by launching small cars in Europe as early as 2019 to meet rising demand for energy-efficient vehicles, a company official said Friday. The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor Show. Yamaha is planning to build car plants in Europe to sell them in the region before 2020, the company spokesman said, without elaborating. "As small cars are already prevalent in Europe, our first car launch will be (there)," he said. "But we...
  • New bulletproof baseball hat gets tested at range (Detroit)

    02/27/2015 10:48:41 AM PST · by Responsibility2nd · 32 replies
    myFOXDetroit.com ^ | 02/25/2015 | myFOXDetroit.com Staff
    The manufacturer says it can save your life, even if you are shot in the head. A Michigan company is producing a bulletproof baseball hat. Many are familiar with bullet proof vests, worn by many police officers everyday - but what about a baseball hat for your head? Troy-based Bullet Safe makes bullet proof vests for security guards and decided to add head gear. The baseball cap has a bullet proof panel covering the forehead. "We've also gotten a lot of positive feedback from police officers because they can't wear riot gear everyday," said Tom Nardone of Bullet Safe. "This...
  • With Declining Recidivism Rates, South Carolina Closes Minimum Security Prison

    02/27/2015 10:43:47 AM PST · by ThethoughtsofGreg · 1 replies
    American Legislator ^ | 2-27-15 | Paige Lafortune
    South Carolina announced Tuesday, February 25th that the state would be closing a minimum security prison. This will be the second minimum security prison closing in South Carolina within a year, and is the result of declining recidivism ratesthe rate at which offenders relapse into criminal behavior. In 2010, South Carolina passed significant criminal justice reforms following the suggestions of the South Carolina Sentencing Reform Commission, established to address the high recidivism rates, large prison populations and growing correctional costs. The South Carolina legislature passed the Omnibus Crime Reduction and Sentencing Reform Act of 2010 to address the identified issues....
  • Philippine GDP growth to outpace China's from 2016 as Asia's fastest growing economy

    02/27/2015 10:35:04 AM PST · by SeekAndFind · 5 replies
    Economic growth in the Philippines will overtake China's by 2016 as the former country continues to be an outperformer due to a strong domestic upswing in businesses and industry, growing foreign direct investments and record-high remittances from Filipinos working abroad, according to GDP forecasts in the recently released "2015 Annual Outlook" by Citibank. In turn, China, long time among the fastest growing countries in Asia and worldwide, is cooling down its economy to make GDP growth "more sustainable" as it is suffering from high public debt, reduced domestic consumption, over-investment in housing and infrastructure and regional economic imbalances. China will...
  • Tim Cook Says Apple Watch Could Replace Your Car Keys, And Thats Just The Start

    02/27/2015 9:49:35 AM PST · by SeekAndFind · 56 replies
    Tech Crunch ^ | 02/27/2015 | Darrell Etherington
    Apple CEO Tim Cook is doing a tour in part to help prepare the world for the launch of the Apple Watch, which is likely going to be the start of the show at a special even on Monday March 9 at the Yerba Buena Center in San Francisco. He spoke to The Telegraph about the companys first smart wearable, and in that interview he talked about what will motivate a purchase decision for the Apple Watch now, and why itll only get more attractive as time goes on. Cook told the Telegraph that he suspects an initial driver for...
  • Samsung Kicks Off 14nm FinFET Fabrication With New Exynos 7 Octa

    02/27/2015 9:32:23 AM PST · by Ernest_at_the_Beach · 4 replies
    gadgets.ndtv.com ^ | 16 February 2015 | by NDTV Correspondent
    Samsung has announced that it has begun mass production of mobile application processors on its 14nm FinFET process technology, which the company states is an industry first. Compared to the company's existing 20nm process technology, 14nm FinFET is said to enable up to 20 percent higher speeds and 35 percent less power consumption. As the industry moves towards smaller manufacturing processes, the physical limitations of transistor design have become more apparent. 3D FinFETs allow the electronic Field-Effect Transistor "gate" to wrap around three sides of a raised "fin" in order to provide adequate insulation against current leakage, which has...
  • Samsung shows off 10nm FinFET

    02/27/2015 9:04:56 AM PST · by Ernest_at_the_Beach · 10 replies
    fudzilla.com ^ | 25 February 2015 | Nick Farrell
    Beating the worldSamsung has shocked the tech press by showing off the world's first 10nm FinFET chip at the International Solid-State Circuits Conference (ISSCC). Samsung Electronics Semiconductor Business chief, Kim Ki-nam teased the future for Samsung when he took the stage and provided a sneak peak at its 3D V NAND technology.Samsung wants its 10nm chips to power more than smartphones, there are plans to put them in data centers and power the Internet of Things. The new chips will be more power efficient and produce less heat, vital for phones and other battery-powered devices.Kim said that he expects that...
  • The 10 most useless graduate degrees

    02/27/2015 7:53:40 AM PST · by SeekAndFind · 103 replies
    Business Insider ^ | 02/27/2015 | Peter Jacobs
    In many fields, graduate degrees offer distinct benefits for your extra years in school. Employees armed with a graduate education are often a more attractive hire and can make a higher salary than colleagues who have only a bachelor's degree. However, for some industries the benefits of going to graduate school are comparatively low and don't justify the extra investment. Using the recent "Hard Times" report from the Georgetown Center on Education and the Workforce, we examined salary and unemployment data of experienced college graduates and experienced holders of graduate degrees. These are workers whose ages range from 35 to...
  • Viking boats to cruise Mississippi River

    02/27/2015 4:37:13 AM PST · by iowamark · 47 replies
    Fortune ^ | 2/25/1015
    Viking Cruises will establish its first North American beachhead, a homeport in New Orleans, starting in 2017. Viking Cruises will establish its first North American beachhead, a homeport in New Orleans, and will offer cruises up the Mississippi River starting in 2017, the company and Louisiana officials announced. The move is seen as an effort to capitalize on rapidly growing interest in river cruises, which involve much smaller vessels than most ocean liners. The company whose boats ply the rivers of Europe, Russia, China, Southeast Asia and Egypt will begin cruising the Mississippi with two boats in late...
  • Only 40 Percent of World's Population Has Ever Gone Online

    02/27/2015 12:13:57 AM PST · by Swordmaker · 23 replies
    PC Mag | FEBRUARY 26, 2015 12:40PM | BY ANGELA MOSCARITOLO
    Due to copyright restrictions, Link only to article: Only 40 Percent of World's Population Has Ever Gone Online
  • Comrades for Net Neutrality

    02/26/2015 7:58:27 PM PST · by Yardstick · 23 replies
    National Review Online ^ | February 26, 2015 | John Fund
    The powers behind the FCCs muscling of the Internet Todays vote by a bitterly divided Federal Communications Commission that the Internet should be regulated as a public utility is the culmination of a decade-long battle by the Left. Using money from George Soros and liberal foundations that totaled at least $196 million, radical activists finally succeeded in ramming through net neutrality, or the idea that all data should be transmitted equally over the Internet. The final push involved unprecedented political pressure exerted by the Obama White House on FCC chairman Tom Wheeler, head of an ostensibly independent regulatory body. Net...
  • Budweiser losing the battle with craft beers

    02/26/2015 6:53:09 PM PST · by SamAdams76 · 179 replies
    New York Post ^ | February 26, 2015
    Anheuser-Busch InBev is having a tough time getting millennials to crack open a can of Budweiser. The worlds biggest brewer said Thursday that falling unemployment and premium brands are boosting overall beer sales in the US, its biggest market. But the company is struggling to market Bud the 139-year-old American brand with blue-collar roots to younger drinkers, who prefer craft brews and bourbon.
  • First lady: US experiencing food culture change

    02/26/2015 4:09:29 PM PST · by Olog-hai · 59 replies
    Associated Press ^ | Feb 26, 2015 6:42 PM EST | Darlene Superville
    Michelle Obama said Thursday that the U.S. has undergone a culture change in the five years since she started raising awareness about childhood obesity. But as she celebrated achievements on multiple fronts, the first lady also warned that the progress thats been made is incredibly fragile. Thats because special interests whose first priority is not our kids health are waiting for us to get complacent or bored and move on to the next trendy issue, Mrs. Obama said at an annual health summit. She cited the fight over a recent child nutrition law as an example. Even today, some folks...
  • 6 Million Face Obamacare Fines; Administration Extends Enrollment Period

    02/26/2015 2:44:08 PM PST · by ThethoughtsofGreg · 5 replies
    American Legislator ^ | 2-26-15 | Alex Sanchez-Olvera
    On February 20 the Centers for Medicare and Medicaid Services (CMS) announced the creation of a special enrollment period for taxpayers to avoid penalties for non-compliance with the Affordable Care Acts (ACA) individual mandate. Open enrollment for 2015 officially ended February 15, and prior to the CMS announcement, those who failed to sign up for insurance and werent otherwise covered would have been subject to a fine (or shared responsibility payment) of the greater of $325 per adult, or two percent of taxable household income when they filed their tax returns in 2016. Because many people may not be aware...
  • Billionaires Dumping Stocks, Economist Knows Why

    02/26/2015 12:18:13 PM PST · by Citizen Zed · 52 replies
    newsmax ^ | 2-26-2015
    A handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of disappointing performance in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Buffetts holding company, Berkshire Hathaway, has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced its overall stake in consumer product stocks by 21%. Berkshire Hathaway also sold...
  • Hyperloop moves closer to becoming reality

    02/26/2015 11:26:09 AM PST · by Mellonkronos · 26 replies
    CNBC ^ | February 26, 2015 | Phil LeBeau
    [It would really be great if private entrepreneurs could develop this system! Musk is an innovator. Check out the videos in the article.] Hyperloop moves closer to becoming reality. Phil LeBeau@Lebeaucarnews (Hyperloop Transportation Technologies,Inc., says Elon Musks vision for the new transportation system is beginning to take hold. CNBCs Phil LeBeau reports, and talks to Ahlborn about the 5-mile stretch to be tested in the next few years.) The Hyperloop, just an idea in the mind of Elon Musk two years ago, is moving closer to becoming reality. Hyperloop Transportation Technologies has signed an agreement with a developer in central...
  • Billionaire Tells Americans to Prepare For 'Financial Ruin'

    02/26/2015 11:05:29 AM PST · by Ghost of SVR4 · 24 replies
    NewsMax ^ | Feb 25 2015 | Newsmax Wires
    In a recent interview for his book Aftershock, Wiedemer says, The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting as soon as next year. When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, You see, the medicine will become the poison. The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The countrys financial rescue devised in Washington has failed miserably.
  • Apple Took 89% Of Q4 Smartphone Profits With Android OEMs In A Race To The Bottom

    02/26/2015 7:06:24 AM PST · by aMorePerfectUnion · 46 replies
    TechCrunch ^ | 2/26/15 | Ingrid Lunden
    Googles Android has gobbled up market share world wide, now accounting for over 80% of all smartphone shipped globally. But when it comes to actually making money, Apple is eating all the profits as it continues its focus on premium devices. Today Strategy Analytics said that Apple in Q4 last year accounted for 89% of all smartphone profits, equating to $18.8 billion, with Android taking only 11%, or $2.4 billion. The blow for Android is softened only slightly less so only by the fact that other platform players like Microsoft, Blackberry and Firefox seemingly made no profit at all.
  • Apple CEO Tim Cook visits Israel, meets with President Reuven Rivlin

    02/25/2015 10:50:52 PM PST · by Swordmaker · 21 replies
    Apple Insider ^ | Wednesday, February 25, 2015, | By Katie Marsal
    Apple Chief Executive Tim Cook was in Israel on Wednesday, and had a meeting with President Reuven Rivlin, as Apple is prepared to open a new office in the country. There was much speculation for weeks about an impending visit from Cook to Israel, and that was confirmed on Wednesday when the Apple CEO sat down with Israel's president. Photos of a discussion between Cook and Rivlin were shared by Inbal Orpaz. Cook's appearance coincides with the opening of a new research and development office in Herzliya Pituach, about 20 minutes north of Tel Aviv. The building will house 800...
  • Lenovo website breached, hacker group Lizard Squad claims responsibility

    02/25/2015 9:28:45 PM PST · by Citizen Zed · 10 replies
    fortune.com / Reuters ^ | 2-25-2015 | Bobby Yip
    Chinese computer and smartphone firm Lenovo Group said its website was hacked on Wednesday, its second security blemish days after the U.S. government advised consumers to remove software called Superfish pre-installed on its laptops. Hacking group Lizard Squad claimed credit for the attacks on microblogging service Twitter. Lenovo said attackers breached the domain name system associated with Lenovo and redirected visitors to lenovo.com to another address, while also intercepting internal company emails. Lizard Squad posted an email exchange between Lenovo employees discussing Superfish. The software was at the centre of public uproar in the United States last week when security...
  • Tax question - Smart Freepers help wanted

    02/25/2015 7:08:55 PM PST · by SolidRedState · 20 replies
    ME | 2/25/15 | SolidRedState
    Received a mostly property inheritance. Had to sell off some to pay the inheritance tax. Inheritance is not taxable as income. Inheritance tax is not deductible as an expense. There were no capital gains on the sale. Does the sale count as income? Tax appointment in 3 weeks and it is just bothering me. I cannot stand the suspense. I think it would not count since it was part of the inheritance and the inheritance tax was paid.
  • China submarines outnumber U.S. fleet: U.S. admiral

    02/25/2015 6:53:21 PM PST · by Cringing Negativism Network · 33 replies
    Reuters ^ | 2/25/15 | (Reporting by Andrea Shalal; editing by Gunna Dickson)
    U.S. military officials in recent months have grown increasingly vocal about China's military buildup and launched a major push to ensure that U.S. military technology stays ahead of rapid advances by China and Russia.
  • Is the Star Trek Economy a Welfare State?

    02/24/2015 9:34:40 PM PST · by Citizen Zed · 92 replies
    Slate ^ | 2-12-2015 | Ara Ogle, Quora
    As an example, Sisko's father runs a restaurant. Seats at that restaurant have to be a finite resource (because they require labor), so they would not be free to everyonethe owners get to choose whom they give it to. (That brings up the interesting question of whether the Federation would have anti-discrimination laws, but I digress.) Let's say Sisko chooses to feed people in his neighborhood; choosing to live in that neighborhood is the price his customers pay for his food. Similarly, Picard's brother makes real wine; since that requires real grapes and, again, labor, that would also be a...
  • [MN] Section 8 Housing Applications Outnumber Slots

    02/25/2015 3:38:09 PM PST · by Extremely Extreme Extremist · 26 replies
    WCCO.COM ^ | 25 FEBRUARY 2015 | WCCO.COM
    MINNEAPOLIS (WCCO) For the first time in more than five years, thousands of people in the metro area have a chance to apply for Section 8 housing. That means you only have to pay for 30 to 40 percent of your rent, and the federal government will pay your landlord the other 70 percent. Applicants can choose their rental as long as the landlord agrees. There are 2,000 slots open online through Friday for people in Anoka, Washington, Dakota, Scott and Carver counties and in rural Hennepin and Ramsey counties.
  • Madonna Takes a Major Onstage Tumble at the BRIT Awards

    02/25/2015 3:30:00 PM PST · by Extremely Extreme Extremist · 57 replies
    YAHOO.COM ^ | 25 FEBRUARY 2015 | YAHOO.COM
    Madonnas show-closing number at the 35th Annual BRIT Awards, held Wednesday at the O2 Arena in London, marked her first BRITS performance in 20 years. It should have been a triumph for the Living for Love diva, but a scary onstage wardrobe malfunction ruined the moment and nearly led to disaster. After a processional through the crowd with Madonna dressed in a full-body shroud, the singers devil-horned dancers attempted to remove her cape as she stood precariously at the edge of the stages upper platform. It appears, from almost instantly posted YouTube and Vine videos of the live broadcast, that...
  • Supreme Court rules in Yates v. United States

    02/25/2015 2:44:20 PM PST · by ThethoughtsofGreg · 58 replies
    American Legislator ^ | 2-25-15 | Cara Sullivan
    Earlier today, the Supreme Court issued a decision in the case of Yates v. United States. Previously written about on these pages, the case arose when Mr. Yates was accused of violating the anti-document shredding provision of the Sarbanes-Oxley Act, legislation passed shortly after the 2001 Enron scandal, for throwing three undersized red grouper overboard after an encounter with Florida Fish and Wildlife. In a 5-4 decision, the Court rejected the governments broad interpretation of the anti-shredding statute (18 U.S.C 1519) and held that a tangible object within 1519s compass is one used to record or preserve information and...
  • JPMorgan to close 5% of its bank branches

    02/25/2015 1:31:46 PM PST · by SeekAndFind · 10 replies
    CNBC ^ | 02/25/2015
    JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs. The closures are part of a $1.4 billion cost-cutting plan the bank announced for this year. The latest developments were revealed during the bank's annual investor day conference Tuesday. Online and mobile banking have become increasingly popular and that trend is expected to continue. The shift online has begun to make brick-and-mortar branches less necessary and, frankly, expensive. Tellers handled only 42 percent of all bank deposits last year,...