Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $69,787
79%  
Woo hoo!! And we're now over 79%!! Less than $18.5k to go!! Thank you all very much!! Let's git 'er done!!

Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Why LA's $15 Minimum Wage Will Really Be $19.28

    05/24/2015 8:57:52 PM PDT · by 2ndDivisionVet · 17 replies
    Investor's Business Daily ^ | May 21, 2015 | Jed Graham
    The Los Angeles City Council this week voted to raise the minimum wage to $15 an hour. But the effective cost for employers likely will spike to nearly $20, at least for full-time workers. Once all the nonwage costs are added, including payroll taxes, paid sick leave and the big one — ObamaCare's employer mandate — minimum compensation for a full-time worker could rise as high as $19.28 an hour by 2020, an IBD analysis finds. That would amount to a jump of $10.67, or 124%, since June 2014. Seemingly absent from the minimum-wage debate has been the reality that...
  • Advertising newsletter PennySaver shuts down; hundreds lose their jobs

    05/24/2015 8:19:05 PM PDT · by Zakeet · 60 replies
    LA Times ^ | Stuart Pfeifer
    The PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business. Employees said they were told late Friday that the company was ceasing operations immediately, without warning or further explanation. “They said, ‘That’s it. We’re done. We’re closing. Everybody pack up your things and leave,'” said one employee, who asked that her name not be published because she was unauthorized by the company to talk to the news media. [Snip] On its website, OpenGate said the PennySaver is the largest direct mail shopping publication in the United States, reaching 11 million...
  • LA Restaurateurs Think the $15 Minimum Wage Hike Spells Doom for the Industry

    05/24/2015 6:33:11 PM PDT · by nickcarraway · 41 replies
    Eater ^ | May 22, 2015 | Crystal Coser
    Stephane Bombet, Bill Chait, Brooke Williamson, and Alan Schulman give their thoughtful takes on the issue. News broke on Tuesday that the LA City Council voted to increase the city's minimum wage to $15 by 2020. There is no question that the rather polarizing decision will put a serious strain on small businesses in its attempt to close the income gap. Restaurateurs, who manage notoriously thin margins, are hit especially hard with the new legislation. When asked for their reaction to the wage hike, four restaurant owners expressed disappointment for the failure to consider a more nuanced approach that considers...
  • Greece says it will default in June without aid from lenders

    05/24/2015 3:55:41 PM PDT · by SeekAndFind · 47 replies
    Ekathimerini ^ | 05/24/2015 | Renee Maltezou & Angeliki Koutantou
    Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Prime Minister Alexis Tsipras's leftist government says it hopes to reach a cash-for-reforms deal in days, although European Union and IMF lenders are more pessimistic and say talks are moving too slowly for that. Greek officials now point to a race against the clock to clinch a deal before payments totaling about 1.5 billion euros ($1.7 billion) to the IMF...
  • (Pew Report) RIP: Over 100 newspapers dumped in year, ads down 50%, circulation hits bottom

    05/24/2015 3:45:34 PM PDT · by Zakeet · 44 replies
    Washington Examiner ^ | May 24, 2015 | Paul Bedard
    The demise of big city print media, displayed in full by the painfully slow sale of the mammoth New York Daily News, is going nationwide as ad sales decline 50 percent and circulation plummets, according to a new Pew Research Center analysis According to their report, "The Declining Value Of U.S. Newspapers," just three different media companies in 2014 alone decided to dump more than 100 newspaper properties. Pew said the companies spun off the money-losing properties "in large part to protect their still-robust broadcast or digital divisions."
  • Bird Flu Spreading as Scientists Look Everywhere for Clues

    05/24/2015 2:30:04 PM PDT · by SatinDoll · 22 replies
    NBC and TODAY ^ | May 23, 2015 | Maggie Fox
    [The following is an excerpt.] Could it be blowing from farm to farm in the dirt? Could determined starlings and pigeons be carrying it into poultry houses on their feet? Is it spreading in feed, or being carried on truck tires? Federal agriculture officials are looking everywhere they can think of for H5N2 bird flu, which has spread to poultry flocks in 14 states and killed or forced the slaughter of more than 39 million birds. Highly pathogenic avian influenza has never spread like this before in the United States, and it's flummoxed the U.S. Department of Agriculture, farmers and...
  • Putting Congress in Charge on Trade (Et tu, Cruz?)

    05/24/2015 1:30:01 PM PDT · by Timber Rattler · 46 replies
    The Wall Street Journal ^ | May 24, 2015 | Paul Ryan and Ted Cruz
    The United States is making headway on two historic trade agreements, one with 11 countries on the Pacific Rim and another with America’s friends in Europe. These two agreements alone would mean greater access to a billion customers for American manufacturers, farmers and ranchers. But before the U.S. can complete the agreements, Congress needs to strengthen the country’s bargaining position by establishing trade-promotion authority, also known as TPA, which is an arrangement between Congress and the president for negotiating and considering trade agreements. In short, TPA is what U.S. negotiators need to win a fair deal for the American worker.
  • Environmentalists fail in bid to revoke GOP senator’s degree

    05/24/2015 12:13:14 PM PDT · by afraidfortherepublic · 32 replies
    Watchdog.org ^ | 5-21-15 | Tori Richards
    A Washington state senator has survived a campaign by Western Washington University students who demanded their school revoke his master’s degree because he’s not radical enough on global warming. Doug Ericksen, a Republican and chair of Washington’s Senate Energy, Environment and Telecommunications Committee, has blocked efforts to force businesses and residents to go green, but he supports voluntary compliance. He opposes mandated cap-and-trade programs and low-carbon fuel standards. But the effort to yank Ericksen’s degree — he earned his MA in political science and environmental policy at WWU — met with a stiff rebuke last week from the university’s president....
  • GM Is Set to Face Criminal Charges Over Ignition Switches

    05/24/2015 12:01:02 PM PDT · by jazusamo · 33 replies
    WSJ ^ | May 23, 2015 | CHRISTOPHER M. MATTHEWS & MIKE SPECTOR
    General Motors will likely be prosecuted over ignition switches linked to deathsFederal prosecutors are closing in on criminal charges against General Motors Co. over a faulty ignition switch linked to more than 100 deaths, but they are still weighing whether to charge individual employees, according to people familiar with the matter. The Manhattan U.S. attorney’s office has determined GM likely broke the law by making misstatements about the ignition-switch glitch in older Chevrolet Cobalts and other cars for more than a decade and will likely extract a fine exceeding $1 billion from the company, the people said. GM will either...
  • Privatization Fail: Scott Walker's WEDC in Full Meltdown (Is this Free Market economics?

    05/24/2015 11:46:40 AM PDT · by Laissez-faire capitalist · 69 replies
    PR Watch ^ | 5/18/2015 | Mary Bottari
    During the 2010 campaign for governor, Scott Walker promised to create 250,000 jobs in his first term. Toward this end, one of his first acts as governor was to privatize the state's economic development agency. Wisconsin Economic Development Corporation (WEDC) opened its doors in July 2011. After a series of damning audits, which highlighted mismanagement and incompetence, and news reports of special treatment for Walker donors, on Monday Democratic state lawmakers called for a federal investigation of the scandal-plagued entity. Walker is the Chairman of the Board When walker created WEDC in 2011, he named himself Chairman of the Board....
  • IRELAND’S ROAD TO SERFDOM

    05/24/2015 10:42:41 AM PDT · by NYer · 30 replies
    Breitbart ^ | May 23, 2015 | by BENJAMIN HARRIS-QUINNEY
    Two supposedly landmark political events have occurred on the island of Ireland this week.Both were greeted with an element of surprise and excitement and were hailed as great victories for the “progressive movement”, both were inevitable.The referendum in which Ireland supported Same Sex Marriage and a departure with Catholicism was not today, it was in 2009, when Irish people voted to ratify the Lisbon Treaty. They had to vote for a second time of course, their first answer being wrong, but that was the last scism of the defence of their religion and nationhood.The decision on both the Asher’s Bakery...
  • Guns & Ammo’s Single Stack 9mm Shootout

    05/24/2015 9:45:43 AM PDT · by rktman · 63 replies
    gunsandammo.com ^ | 5/22/2015 | G&A Staff
    To help shooters make that determination, Guns & Ammo has conducted an extensive test, pitting 10 popular single stack 9mm pistols against each other in a shootout. Testers fired more than 8,000 rounds of 9mm through the 10 pistols, documenting all failures and malfunctions over the length of the test, as well as accuracy both prior to and after the test’s completion.
  • No biggie: Your Obamacare premiums are going up. Way up in some cases.

    05/24/2015 6:24:57 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 05/23/2015 | Jazz Shaw
    The “Affordable” Care Act may be looking for a new name in the near future. As Fox News and the Wall Street Journal are reporting, the next round of health care premium cost adjustments are coming down the pike, and you’ll never guess where things are heading. Okay… you probably guessed already. The Wall Street Journal is reporting today that Obamacare rates are about to shoot up, in some cases as much as 40%. The rate increases requested by insurance carriers vary state by state, but the overall picture is bad.“In New Mexico, market leader Health Care Service Corp....
  • Southern Republican Leadership Conference: 5 takeaways

    05/24/2015 5:53:07 AM PDT · by Cincinatus' Wife · 11 replies
    Politico ^ | May 24, 2015 | Alex Isenstadt
    At one of the most important events on the GOP calendar, Scott Walker showed his crash course in foreign policy is paying off. OKLAHOMA CITY — Like most other recent GOP presidential forums and meetings, the Southern Republican Leadership Conference this week teemed with 2016 candidates aiming for a breakthrough moment. Nothing like that happened here. But in attending one of the most important events on pre-primary season calendar — one that drew roughly 2,000 conservative activists, mainly from the Republican Party’s Southern heartland — the White House hopefuls revealed a little more about themselves and the paths they see...
  • Scott Walker's GOP rips apart local democracy

    05/24/2015 5:33:16 AM PDT · by Cincinatus' Wife · 50 replies
    Madison Capital Times, Your Progressive Voice ^ | May 24, 2015 | John Nicholas, Associate Editor
    Scott Walker and his legislative minions have no respect for local democracy. One of Walker’s early acts as governor was to sign a law that pre-empted Milwaukee’s paid sick days ordinance — which voters had approved by 69 to 31 percent and which the state Court of Appeals had upheld. Dana Schultz of 9to5, the National Association of Working Women, described the state override of the Milwaukee law as “an assault on democracy, local control and working families." The assaults have continued, with Walker and his allies moving again and again to prevent Wisconsin’s towns, villages and cities from acting...
  • Personal details of 500 million Android users at risk: impossible to completely clear data

    05/23/2015 10:54:18 PM PDT · by iowamark · 5 replies
    UK Daily Mail ^ | 5/23/2015 | James Dunn
    Up to 500million Andriod users who use or have used Android software could be at risk from having personal information shared after tests revealed it's impossible to clear data from many devices. A report by Cambridge University showed that private text messages, images, videos and email details can be recovered, even after a total wipe - or factory reset - has been done. It means that people who have given away, sold or lost phones are now at risk from having their personal details and any private or sensitive information in messages or emails seen by whoever now has their...
  • Self-Driving Trucks Are Going to Hit Us Like a Human-Driven Truck

    05/23/2015 7:29:36 PM PDT · by RightGeek · 68 replies
    Medium ^ | 5/14/2015 | Scott Santens
    Late last year, I took a road trip with my partner from our home in New Orleans, Louisiana to Orlando, Florida and as we drove by town after town, we got to talking about the potential effects self-driving vehicle technology would have not only on truckers themselves, but on all the local economies dependent on trucker salaries. Once one starts wondering about this kind of one-two punch to America’s gut, one sees the prospects aren’t pretty. We are facing the decimation of entire small town economies, a disruption the likes of which we haven’t seen since the construction of the...
  • CRIMINAL MEETING’ OF BIKERS IN WACO WAS ACTUALLY ORGANIZED POLITICAL GATHERING (On Breitbart )

    05/22/2015 9:25:57 AM PDT · by wardaddy · 340 replies
    Breitbart ^ | 5-21-15 | Stranahan
    Despite the characterization by police that the afternoon gathering at a Twin Peaks restaurant in Waco, Texas that led to Sunday’s bloody shooting incident was a gathering of criminal biker gangs with violent intent, the meeting appears to have been a legitimate, organized gathering of motorcycle riders meeting to discuss political issues. The group that met was the Texas Confederation of Clubs and Independents (CoC&I) and a look at that group’s website and history gives a very different impression of the group’s purpose and goals than what has been said repeatedly by Waco police Sgt. W. Patrick Swanton.
  • Threats From Gun Control Supports Force Car Dealer To Drop Gun Giveaway

    05/23/2015 10:36:24 AM PDT · by rktman · 17 replies
    bearingarms.com ^ | 5/22/2015 | Bob Owens
    Gun control supporters have bombarded a Minnesota car dealership with angry calls and threats, forcing the dealer to pull the ad for fears that his employees were in danger:
  • Sen. Cruz: Trade Promotion Authority Creates a Path for Prosperity

    05/23/2015 10:11:24 AM PDT · by Theoria · 148 replies
    Cruz.Senate.Gov ^ | 22 May 2015 | Ted Cruz
    We must engage the global economy to ignite growth and opportunity at home May 22, 2015 | 202-228-7561 WASHINGTON, D.C. - U.S. Sen. Ted Cruz (R-Texas), today released the following statement regarding legislation to establish trade promotion authority: "The American middle class is getting crushed by the Obama economy," said Sen. Cruz. "Middle class incomes are stagnating, and the labor force participation rate has not been this low since the Carter Administration. While I have serious concerns about the all-too-typical Washington backroom deals that enabled this bill to get to the floor, I could not in good conscience vote against...
  • Boehner Praises Trade Bill Passage (Boehner Praises 'Classified' Obamatrade...)

    05/23/2015 9:43:18 AM PDT · by Enlightened1 · 24 replies
    The Weekly Standard ^ | 05/22/15 | DANIEL HALPER
    Speaker of the House John Boehner is praising the Senate's passage of the trade bill and calling on Democrats to join with Republicans to pass the law in the House. “Trade helps create good-paying American jobs, so it’s good news that the Senate has put us one step closer to eliminating trade barriers. These reforms have the support of farmers, manufacturers, small business owners, and Americans from all walks of life, and it’s not hard to figure out why," Boehner says in a statement. "With trade promotion authority, we’ll be able to hold President Obama accountable so America’s workers can...
  • Banks as Felons, or Criminality Lite

    05/23/2015 9:43:13 AM PDT · by NRx · 10 replies
    NT Times ^ | 05-23-2015 | NY Times (op-ed)
    As of this week, Citicorp, JPMorgan Chase, Barclays and Royal Bank of Scotland are felons, having pleaded guilty on Wednesday to criminal charges of conspiring to rig the value of the world’s currencies. According to the Justice Department, the lengthy and lucrative conspiracy enabled the banks to pad their profits without regard to fairness, the law or the public good. Besides the criminal label, however, nothing much has changed for the banks. And that means nothing much has changed for the public. There is no meaningful accountability in the plea deals and, by extension, no meaningful deterrence from future wrongdoing....
  • US suffering from massive equality of rich and poor(read header carefully!)

    05/23/2015 8:15:27 AM PDT · by rktman · 6 replies
    americanthinker.com ^ | 5/23/2015 | Newsmachete
    Propaganda is about telling a good story. So when the media wants to tell a story of how the rich are getting richer and the poor are getting poorer, they ignore inconvenient facts, such as the value of the various federal, state, and local transfer payments as well as the value of charitable contributions from private groups such as soup kitchens. That would interfere with the story that is needed to justify higher taxes and higher spending.
  • Krugman Proves He’s Super Smart By Doctoring A Chart (So It Agrees With Him)

    05/23/2015 7:59:25 AM PDT · by lowbridge · 7 replies
    dailycaller.com ^ | may 22, 2015 | Peter fricke
    Liberal economist Paul Krugman appears to have cherry-picked data to support his belief in the Federal Reserve’s ability to stabilize the economy. In a recent column responding to another economist, Krugman included a chart purporting to show that central bank interest rates have a significant effect on long-term investments. Yet in a post for the Pragmatic Capitalism blog, entrepreneur and financial expert Cullen Roche asserts that Krugman “decided to remove 20 years worth of data because it fit his argument better.” And it appears to check out.
  • Hostess's Revival: What Can Happen When You're Allowed to Start Fresh(zinger alert!)

    05/23/2015 7:30:03 AM PDT · by rktman · 35 replies
    newsbusters.org ^ | 5/22/2015 | Tom Blumer
    Because it received no national press coverage despite affecting workers in 48 states, very few people know that the Department of Labor decided after Hostess's implosion that the company's 18,000 affected workers would be eligible for Trade Adjustment Assistance. That's supposed to happen when workers lose their jobs because of imports, not because they walked away from their jobs and took their employer down with them. At the time, I estimated the taxpayer costs involved at about $800 million. A February 2012 Investor's Business Daily editorial accurately described the government's decision as "a reward for those who refuse to negotiate,...
  • Why many experts missed this: Cheap oil can hurt US economy

    05/23/2015 7:20:57 AM PDT · by dila813 · 32 replies
    Yahoo ^ | Today | CHRISTOPHER S. RUGABER
    WASHINGTON (AP) — If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. It hasn't worked out that way. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending.
  • Where Is Scott Walker?

    05/23/2015 2:38:23 AM PDT · by Cincinatus' Wife · 91 replies
    New York Magazine ^ | May 22, 2015 | Marin Cogan
    Over the last three months, the GOP's Iowa front-runner has become an incredible, shrinking presence on the campaign trail. Sure, he's still touring the country, introducing himself to voters, telling them how unafraid he was to stand up to the unions and liberal protesters he battled in Wisconsin, but he's also ducking out of uncontrolled situations, skipping questions from the press, and spending more time on small or private events, usually packed with friendly crowds. Last week, when he traveled to Israel — usually an occasion to invite reporters or hold a press conference — Walker held no press events....
  • Obamacare May Force Some Insurers to Boost Their Premiums an Alarming Amount

    05/22/2015 10:48:33 PM PDT · by Cincinatus' Wife · 55 replies
    Slate ^ | May 22, 2015 | Mark Joseph Stern
    On the whole, the Affordable Care Act is working pretty well, getting more people insured and increasing the quality of insurance overall. But on Thursday, the Wall Street Journal reported an alarming development: Health insurers on many state exchanges are looking to boost their premiums a ridiculous amount in 2016. New Mexico's leading provider, for instance, is seeking a 51.6 percent hike, while Maryland's is seeking a 30.4 percent hike. (Insurers in other states, like Vermont and Indiana, are asking for minimal increases.) Libertarian and conservative outlets are, predictably, citing the rate hike as yet another Obamacare catastrophe. But it's...
  • G.M. Inquiry Said to Find Criminal Wrongdoing

    05/22/2015 8:54:41 PM PDT · by Brad from Tennessee · 30 replies
    New York Times ^ | May 22, 2015 | By DANIELLE IVORY, BEN PROTESS and BILL VLASIC
    Justice Department investigators have identified criminal wrongdoing in General Motors’ failure to disclose a defect tied to at least 104 deaths, and are negotiating what is expected to be a record penalty, according to people briefed on the inquiry. A settlement could be reached as soon as this summer. The final number is still being negotiated, but it is expected to eclipse the $1.2 billion paid last year by Toyota for concealing unintended acceleration problems in its vehicles, said the people, who did not want to be identified because the negotiations weren’t complete. G.M.’s eagerness to resolve the investigation —...
  • Pending $15 minimum wage forces Seattle pizza shop to close

    05/22/2015 8:37:03 PM PDT · by grundle · 62 replies
    KPLC ^ | April 29, 2015
    A pizza shop owner in Seattle says the city's new minimum wage law is forcing her to close her doors. The new law says businesses have six years to phase into giving employees $15 an hour. Devin Jeran was happy to get a raise when Seattle's minimum wage went up to $11 an hour at the beginning of the month. “I definitely recognize that having more money is important, especially in a city as expensive as this one,” he said. He'll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza,...
  • Obama wins trade victory in the Senate

    05/22/2015 6:53:25 PM PDT · by Beave Meister · 176 replies
    The Washington Post ^ | 5/22/2015 | Paul Kane
    President Obama won a big victory for his trade agenda Friday with the Senate’s approval of fast-track legislation that could make it easier for him to complete a wide-ranging trade deal that would include 11 Pacific Rim nations. A coalition of nearly 50 Senate Republicans and more than 10 Democrats voted for Trade Promotion Authority late Friday, sending the legislation to the House for a difficult fight as Obama faces more entrenched opposition from Democrats. The Senate coalition fought off several attempts by opponents to undermine the legislation, defeating amendments that were politically popular but potentially poisonous to Obama’s bid...
  • It Is Mathematically Impossible To Pay Off All Of Our Debt

    05/22/2015 5:14:38 PM PDT · by fhayek · 133 replies
    Zero Hedge ^ | 5/22/15 | Michael Snyder/Tyler Durden
    Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either. It has been projected that “mandatory” federal spending on programs such as Social Security, Medicaid and...
  • Alpha Natural Resources scaling back central Appalachian mining operations; 439 jobs will be lost

    05/22/2015 2:01:26 PM PDT · by don-o · 14 replies
    Bristol Herald Courier ^ | May 22, 2015 | SUSAN CAMERON
    BRISTOL, Va. -- Alpha Natural Resources announced this afternoon that it's idling the mining and processing operations at Rockspring Development Camp Creek underground mine in Wayne County, West Virginia, which will mean the loss of 439 jobs. Employees were notified today about the idling "based on the mine operator's current assessment of market conditions,"according to a news release issued by Alpha Natural Resources. Last week, three other Alpha-affiliated mine operators announced reductions in work force "due to sustained weak market conditions and government regulations that have challenged the entire central Appalachian coal industry. A total of 71 employees were affected...
  • The danger of climate denial - It's no laughing matter

    05/22/2015 12:22:59 PM PDT · by Cincinatus' Wife · 80 replies
    Baltimore Sun ^ | May 22, 2015 | staff
    It's Memorial Day, and the forecast is for renewed mocking and derision regarding man-made climate change from the know-nothing, science-averse wing of the Republican Party. President Barack Obama's warning—issued during his commencement address at the U.S. Coast Guard Academy graduation ceremonies Wednesday—that climate change represents a national security threat seems certain to provoke that kind of stormy reaction.[SNIP]Among the Republicans running for president, climate change denial is the current mode of thinking for most....it's hard to see anyone in the crowd calling for military preparedness. Mostly, the candidates appear interested in sidestepping the topic (albeit in a disapproving manner)..The result...
  • Russia warns Google, Twitter and Facebook on law violations

    05/22/2015 12:17:57 PM PDT · by Olog-hai · 4 replies
    Reuters ^ | Thu May 21, 2015 3:37pm EDT | Maria Tsvetkova and Eric Auchard
    Russia’s media watchdog has written to Google, Twitter and Facebook warning them against violating Russian Internet laws and a spokesman said on Thursday they risk being blocked if they do not comply with the rules. Roskomnadzor said it had sent letters this week to the three U.S.-based Internet firms asking them to comply with Internet laws which critics of President Vladimir Putin have decried as censorship. “In our letters, we regularly remind (companies) of the consequences of violating the legislation,” said Roskomnadzor spokesman Vadim Ampelonsky. He added that, because of the encryption technology used by the three firms, Russia had...
  • Clinton: GOP threatening small-business jobs

    05/22/2015 11:13:31 AM PDT · by Olog-hai · 18 replies
    Associated Press ^ | May 22, 2015 1:36 PM EDT | Ken Thomas
    Republicans in Congress and GOP presidential hopefuls are threatening tens of thousands of small business jobs by seeking to cut a little-known government agency that guarantees loans to help U.S. exporters, Hillary Rodham Clinton said Friday. Clinton said during a round-table discussion at Smuttynose Brewery that Congress should renew financing for the Export-Import Bank. She argued the GOP is risking up to 164,000 jobs supported by the bank. The Democratic front-runner said Republicans in the 2016 presidential campaign would rather threaten those jobs rather than “stand up to the tea party and talk radio.” …
  • Stonegate in Fla. Confirms Plan to Open Account for Cuban Government [Obama Dupes]

    05/22/2015 11:10:42 AM PDT · by SoFloFreeper · 8 replies
    Stonegate Bank in Pompano Beach, Fla., has confirmed that it will provide a bank account to the Cuban government...
  • Hillary schools LinkedIn: Four Ways to Jump-Start Small Business

    05/22/2015 10:45:06 AM PDT · by lwd · 10 replies
    LinkedIn ^ | 5-21-2015 | Hillary Clinton's ghost writer
    When I was growing up, my father owned a small business. And when I say small, I mean small: It was my father and an occasional day laborer. My mother, brothers, and I would help do the silkscreen printing on the drapery fabrics he sold. We were an all-hands-on-deck operation, guided by my father’s belief that if you worked hard and did what you were supposed to do, opportunities would be there for you. Despite generations of progress on so many other fronts, it’s still too hard to get a business started today. Hard work is no longer enough to...
  • Obama Deal Seeks to ‘Eliminate’ Trade Barriers With Communist Regime Now Running $24.9B…(Vietnam)

    05/22/2015 10:08:10 AM PDT · by Olog-hai · 11 replies
    Cybercast News Service ^ | May 22, 2015 | 12:07 PM EDT | Terence P. Jeffrey
    The Trans-Pacific Partnership that President Barack Obama is negotiating with 11 other nations seeks to eliminate both tariff and nontariff trade barriers with these countries, according to the Congressional Research Service. One of those countries is Vietnam, which the State Department says maintains a Communist regime. In 2014, the U.S. ran a $24,858,700,000 trade deficit with Vietnam, according to U.S. government trade data published by the Census Bureau. U.S. producers sold $5,724,900,000 in goods to purchasers in Vietnam. At the same time, producers in Vietnam sold $30,583,600,000 in goods to purchasers in the United States. Documents related to the TPP...
  • Could Conservatives Push TPA Over the Finish Line?

    05/22/2015 9:50:40 AM PDT · by Mariner · 61 replies
    Roll Call ^ | May 22nd, 2015 | By Matt Fuller
    As the House inches closer to a vote on the long-awaited Trade Promotion Authority bill, conservatives who have traditionally been hard-liners in their opposition to deals with the White House are taking a softer approach. While many on the right are still hedging their position on the TPA, there appears to be some conservative support for the trade process legislation. And with congressional Democrats increasingly taking a firmer line against the TPA, which would give expedited consideration to the Trans-Pacific Partnership under negotiation with 11 other countries, conservatives could be the key to getting the TPA over the finish line....
  • New Mexico ranchers, farmers sue over jaguar border habitat

    05/22/2015 9:17:47 AM PDT · by george76 · 10 replies
    Washington Times ^ | May 21, 2015 | RUSSELL CONTRERAS
    The setting aside of critical habitat for the endangered jaguar in New Mexico was an “unlawful, arbitrary and capricious” action by federal authorities and needs to be overturned, a new lawsuit says. ... In March 2014, the U.S. Fish and Wildlife Service set aside nearly 1,200 square miles along the U.S.-Mexico border as habitat essential for the conservation of the jaguar. Federal officials acknowledged last year when they made the designation that no female jaguars or breeding had been documented in the U.S. in more than 50 years. ... Reed Hopper, another attorney with Pacific Legal Foundation, said the federal...
  • Archives show Hillary Clinton OK'd tax breaks for nonprofits

    05/22/2015 8:57:54 AM PDT · by NormsRevenge · 7 replies
    Yahoo News ^ | 5/22/15 | Stephen Braun and Jack Gillam - AP
    LITTLE ROCK, Ark. (AP) — As first lady in the final year of the Clinton administration, Hillary Rodham Clinton endorsed a White House plan to give tax breaks to private foundations and wealthy charity donors at the same time the William J. Clinton Foundation was soliciting donations for her husband's presidential library, recently released Clinton-era documents show. ... White House documents in the Clinton Library reviewed by The Associated Press show Hillary Clinton and Bill Clinton were kept apprised about a tax reduction package that would have benefited donors, including those to his presidential library, by reducing their tax burden....
  • The Living Wage Diaspora

    05/22/2015 8:46:04 AM PDT · by Academiadotorg · 1 replies
    Accuracy in Academia ^ | May 22, 2015 | Malcolm A. Kline
    Believe it or not there is actual evidence that illegal immigration does depress wages for the native-born but you are not likely to hear about it in the multitude of classes that touch on various “diasporas.” “In studies at meat-packing plants, when illegal immigrants are taken out, wages went up,” Professor Philip Cafaro pointed out in a panel discussion at the National Press Club last Thursday sponsored by the Center for Immigration Studies (CIS). Cafaro teaches philosophy at Colorado State University in Fort Collins. He has amassed a multitude of research on the subject, much of it on display in...
  • Why Warren Buffett thinks a $15 minimum wage will 'reduce employment in a major way

    05/22/2015 8:27:17 AM PDT · by SeekAndFind · 32 replies
    Business Insider ^ | 05/22/2015 | JAMES PETHOKOUKIS, AMERICAN ENTERPRISE INSTITUTE
    Wise words from Warren Buffett. The Oracle of Omaha predicts how the rush to sharply raise the minimum wage will end. (Spoiler: badly for the people the policy purports to help.) And Buffett also offers a smart alternative to help low-income workers: In my mind, the country's economic policies should have two main objectives. First, we should wish, in our rich society, for every person who is willing to work to receive income that will provide him or her a decent lifestyle. Second, any plan to do that should not distort our market system, the key element required for growth...
  • Letter presses feds to keep mine open ( Colorado)

    05/22/2015 8:24:53 AM PDT · by george76 · 6 replies
    Grand Junction Media ^ | May 21, 2015 | Gary Harmon
    The U.S. Department of the Interior should do all it can to keep open the Colowyo coal mine in northwest Colorado, U.S. Rep. Scott Tipton and Sen. Cory Gardner, both Colorado Republicans, said in a letter to Interior Secretary Sally Jewell. ... Colowyo Mine employs 220 people in Moffat and Rio Blanco counties and has a payroll of about $20 million, Tipton wrote to Jewell, asking that Interior react quickly to a federal court ruling that could force closure of the mine. “The adverse effects of shutting down this mine go beyond the jobs at the mine that would be...
  • Senate Narrowly Advances President Obama's Trade Bill: Here???s Why It Was So Close

    05/22/2015 8:12:40 AM PDT · by rktman · 11 replies
    abcnews.go.com ^ | 5/22/2015 | ARLETTE SAENZ
    The Senate narrowly advanced a bill that would give President Obama the ???fast-track??? authority to negotiate trade deals with foreign partners. Sixty votes were needed to move forward with the measure, and the Senate voted 62 to 38 in favor of invoking cloture -- setting up a vote on final passage for this week before the Senate leaves for Memorial Day recess.
  • Health Insurers Seek Hefty Rate Boosts

    05/22/2015 7:58:18 AM PDT · by george76 · 14 replies
    WSJ ^ | May 21, 2015 | Louise Radnofsky
    Proposals set the stage for debate over federal health law’s impact. Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact. In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the...
  • Skeptical Academics & Questionable Research

    05/22/2015 7:25:50 AM PDT · by Academiadotorg · 3 replies
    Accuracy in Academia ^ | May 21, 2015 | Malcolm A. Kline
    In the final decade of the Cold War, President Reagan urged Americans to “trust by verify” when engaged in arms control negotiations with the Soviet Union. When digesting academic research, it might be a good idea to reverse this formula and verify first, and then, if possible, trust, the information offered. Case in point: Harvard historian Naomi Oreskes. In a chapter in the book How Well Do Facts Travel? Oreskes attempts to unearth a connection between global warming skeptics and the energy industry, specifically a company called Western Fuels. Oreskes asserts that she has in her possession “leaked Western Fuels...
  • Eiffel Tower shuts as staff walk out in protest over pickpockets ( Paris )

    05/22/2015 7:12:50 AM PDT · by george76 · 34 replies
    AFP ^ | 22 May 2015
    Paris's iconic Eiffel Tower was shut to tourists on Friday as staff walked off the job to protest a surge in gangs of pickpockets roaming around the monument. ... They said they wanted "formal guarantees from management that lasting and effective measures will be taken to end this scourge to which numerous tourists fall victim every day". One of the striking workers told AFP that pickpockets "form a gang of 4 to 5 people ... sometimes there can be around 30"... the pickpockets sometimes "fight among themselves". Another worker said he had been threatened while chasing away a pickpocket. "He...
  • The Fate of the Fed's Exit Strategy Is In Foreign Hands

    05/22/2015 5:46:26 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | May 22, 2015 | Jeffrey Snider
    In all this talk about whether the economy will be strong enough to support the first policy change of this cycle, and how utterly sad it is to even have to argue about it, the larger issues about the exact operational framework remain largely unexamined. The intent of the FOMC is to undergo an orderly transition from extraordinary policy positions toward a setting more like normal. To go from A to B is not as simple as plugging in a new number, a fact that Federal Reserve officials are very quietly dealing with. The Fed has a repo problem, one...