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Business/Economy (News/Activism)

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  • Why workers need a corporate tax cut

    08/16/2017 8:58:31 PM PDT · by TBP · 2 replies
    The New York Post ^ | August 15, 2007 | Betsy McCaughey
    Don’t be bamboozled. You don’t have to be a business owner to benefit from business tax cuts. If your goal is more take-home pay, these tax cuts will help you. Data from 72 countries over 22 years show that raising corporate-tax rates hurts workers, while countries that lower corporate taxes enable their workers to earn higher wages. What the Democrats’ class warriors aren’t telling you is that business tax rates in the United States are higher than in any other developed country, making it hard for American companies to compete for investment capital. That disadvantage is worsening as many European...
  • The “Self-Driving Car” is Only an Oxymoron

    08/16/2017 8:27:55 PM PDT · by Lorianne · 24 replies
    Daily Impact ^ | 03 August 2017 | Tom Lewis
    Over at Tesla, Google, and Uber — and now the contagion has reached Ford, General Motors, Chrysler and beyond — the smartest guys in the room are talking autonomous vehicles. Over at every hedge fund, venture-capital and wealth-management shop in the universe, the smartest guys in the room are throwing money at the concept. Why? Because it’s the Next Big Thing, that’s why. Billions of dollars are in play. Which is why we are seeing an avalanche of faux-news stories about the coming era of driverless cars, how they’re on the streets now, how well they are doing in testing,...
  • The new American Dream: rent your home from a hedge fund

    08/16/2017 8:21:56 PM PDT · by Lorianne · 1 replies
    Sovereign Man ^ | 15 August 2017 | Simon Black
    Buying and renting out single-family homes has long been the mainstay investment of small, individual investors. The big banks and hedge funds pretty much monopolize everything else. They own the stock market. They own the bond market. They own all the commercial real estate. They even own the farmland. Single-family homes were one of the last bastions of investment freedom for the little guy. But all that’s changing now. Last week a huge merger was announced between Invitation Homes (owned by private equity giant Blackstone Group) and Starwood Waypoint Homes (owned by real estate giant Starwood Capital). If the deal...
  • NY Fed President Wants Consumers to Tap Home Equity: Didn’t We Try That Before?

    08/16/2017 8:17:57 PM PDT · by Lorianne · 18 replies
    Mish Talk ^ | 14 August 2017 | Mike “Mish” Shedlock
    Here’s one that came my way earlier today although the report was from January: New York Fed Chief Dudley has an Idea — Homeowners Should Tap Into Equity. “New York Fed President William Dudley on Tuesday encouraged homeowners to find “prudent” ways to tap into the equity that has built up in the homes, saying the boost in consumption would be a welcome shot-in-the-arm to the economy. The shape of household finances was a hidden strength of the economy, he said. “The good news is that, while the current expansion is quite old in chronological terms, it is still relatively...
  • 'He missed a critical opportunity': Walmart CEO slams Trump for failing to 'unequivocally' reject

    08/16/2017 7:48:17 PM PDT · by Freedom56v2 · 46 replies
    Business Insider ^ | 8/15/17 | Hayley Peterson
    'He missed a critical opportunity': Walmart CEO slams Trump for failing to 'unequivocally' reject white supremacists McMillon has criticized President Trump for failing to "unequivocally" reject white supremacists in aftermath of their violent rally in Charlottesville, Virginia. "As we watched events and response from President Trump over weekend, we felt he missed critical opportunity to help bring our country together by unequivocally rejecting appalling actions of white supremacists," McMillon wrote in statement posted to Walmart's website. snip McMillon's full statement: Respect for the individual is one of our core beliefs at Walmart. And the role we play in communities around...
  • Goodell appears to have decided about National Anthem protests

    08/16/2017 3:41:11 PM PDT · by Hojczyk · 69 replies
    Hot Air ^ | August 16,2017 | Jazz Shaw
    Asked about players who did not stand for the national anthem before preseason games, NFL Commissioner Roger Goodell said Monday that while the playing of the anthem is a special moment to him, “we also have to understand the other side.” Goodell made the comments at University of Phoenix Stadium during a 45-minute question-and-answer period with Arizona Cardinals club seat holders. One season ticket-holder, Bruce Olson, asked the commissioner whether players were going to continue to protest during the anthem and if anything could be done about it. “It’s one of those things where I think we have to understand...
  • Live: NAFTA Talks Kicks Off in Washington

    08/16/2017 3:35:26 PM PDT · by Mechanicos
    YouTube ^ | 8/16/17 | New China TV
    The first round of negotiations on a new North America Free Trade Agreement (NAFTA) kicked off Wednesday in Washington.
  • Ammo Prices Drop: Vista Outdoors Looks to Consumer Internet Sales

    08/16/2017 1:44:20 PM PDT · by marktwain · 28 replies
    Ammoland ^ | 14 August, 2017 | Dean Weingarten
    Vista Outdoors is one of the major players in ammunition production in the United States and the world. It owns CCI and Federal. With the decrease in demand for ammunition and for sporting goods, its stock price has dropped. A year ago it was over $50 per share. This spring it fell below $20 for a brief period.Most of the drop is likely due to a decreased demand for ammunition. Vista has a strategy to increase ammunition sales, or at least to keep market share and increase profits. From lmtribune.com: Independent retailers and e-commerce will play a key role...
  • Trump Ends Business Councils as CEOs Turn Against President

    08/16/2017 10:40:11 AM PDT · by Red Badger · 113 replies
    Bloomburg ^ | 08-16-2017 | By Zachary Tracer and Matthew Townsend
    President reverses course after saying he’d replace quitters ‘I am ending both. Thank you all!’ Trump says on Twitter
  • 3M CEO Inge Thulin Just Became the 7th Executive to Leave Trump’s Manufacturing Council

    08/16/2017 10:05:29 AM PDT · by SoFloFreeper · 43 replies
    Fortune ^ | 8/16/17 | Lisa Marie Segarra
    President and CEO of 3M, Inge Thulin, announced Wednesday he is leaving President Donald Trump's Manufacturing Council. "I joined the Manufacturing Jobs Initiative in January to advocate for policies that align with our values and encourage even stronger investment and job growth — in order to make the United States stronger, healthier and more prosperous for all people. After careful consideration, I believe the initiative is no longer an effective vehicle for 3M to advance these goals. As a result, today I am resigning from the Manufacturing Advisory Council," Thulin said in a statement posted to 3M's Twitter account.
  • Trump CEO Strategy Council Is Said to Be Disbanding After Exodus

    08/16/2017 10:03:37 AM PDT · by be-baw · 22 replies
    Bloomberg ^ | August 16, 2017 | Drew Armstrong
    Llink to article only, per FR copyright rules.
  • Federal Reserve of Atlanta Predicts Massive 3.7% GDP for Third Quarter

    08/16/2017 8:08:25 AM PDT · by Hojczyk · 23 replies
    Gateway Pundit ^ | August 16,2017 | Jim Hoft
    The Federal Reserve Bank of Atlanta forecast a 3.7 percent rate for the third quarter of 2017. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.7 percent on August 15, up from 3.5 percent on August 9. The forecast of the contribution of personal consumption expenditures to third-quarter real GDP growth increased from 1.91 percentage points to 1.97 percentage points after this morning’s retail sales release from the U.S. Census Bureau.
  • Sometimes the Good Guys Win

    08/16/2017 4:32:50 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | August 15, 2017 | Dennis Prager
    I am writing this column to inform readers of some good news. The sustained efforts of individuals, organizations and the media who oppose everything people like me stand for -- America as an exceptional nation among the nations of the world; the unique contribution of the Judeo-Christian value system in shaping America and the best of Western civilization; sustaining Western civilization as a moral imperative; preserving the American Trinity of liberty, In God We Trust and e pluribus unum; promulgating the American and Judeo-Christian belief that race is insignificant; and an openness to all points of view -- to shut...
  • Trump "Amazon is doing great damage to tax paying retailers. Towns, cities & states throughout...."

    08/16/2017 4:03:29 AM PDT · by SMGFan · 115 replies
    Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!
  • The Left Is Doing Exactly What White Nationalists Want

    08/16/2017 3:59:48 AM PDT · by IBD editorial writer · 26 replies
    Investor's Business Daily ^ | 8/15/2017 | Staff
    Extremism: It wasn't long ago that Americans were being told repeatedly not to overreact to Islamic terrorism, because that would only serve as a terrorist recruiting tool. That's worth remembering now, in the wake of the white supremacist attack in Charlottesville, Va. Harsh language, bitter attacks, backlash against attacks, accusing whole groups of being in bed with terrorists, were all, we were told again and again, "just what ISIS wants." "The Islamic State wants the West to overreact," was a typical comment over the years. One commentator complained after the Manchester bombing in England this summer that saturation coverage of...
  • CEOs Rethink Alliances With White House

    08/16/2017 3:33:11 AM PDT · by SoFloFreeper · 35 replies
    WSJ ^ | 8/15/17 | Vanessa Fuhrmans
    President Donald Trump’s response to the weekend violence in Charlottesville, Va., has sparked a new round of soul-searching in U.S. corporate boardrooms over whether they should keep working closely with the White House. On Tuesday, the number of members who have withdrawn from a White House advisory council grew to five, and executives including Wal-Mart Stores
  • Poll: Majority Of Americans Support Infrastructure Spending

    08/15/2017 8:56:46 PM PDT · by BenLurkin · 23 replies
    cbs2la ^ | August 15, 2017 8:47 PM
    If Washington decides to focus on infrastructure there will be a key constituency supportive of the effort – the American people. ... The support for infrastructure spending to boost the economy includes 86 percent of urban Americans and 89 percent of rural Americans. There is also agreement in both urban and rural communities that infrastructure investments will increase jobs and improve quality of life.
  • Trump to reverse Obama-era order aimed at planning for climate change

    08/15/2017 5:41:29 PM PDT · by Innovative · 15 replies
    Washington Post ^ | Aug. 15, 2017 | Darryl Fears and Steven Mufson
    Excellent!and flood dangers. Speaking in the lobby of Trump Tower in New York, Trump said that the approval process for projects was “badly broken” and that the nation’s infrastructure was a “massive self-inflicted wound on our country.” Trump said that “no longer” would there be “one job-killing delay after another” for new projects. But he did not provide any proposal on how his much-promised infrastructure program would be financed or what it would include.
  • Donald Trump tells businesses to bring back jobs from 'places like Ireland'

    08/15/2017 4:13:03 PM PDT · by 2ndDivisionVet · 19 replies
    The Journal ^ | August 15, 2017 | Gráinne Ní Aodha
    DONALD TRUMP IS bringing back jobs to the US – at least that’s what he’s promising to do. At a press conference at Trump Tower this evening, the US President said that he would cut down on regulations for construction projects like motorways, and aim to bring manufacturing jobs back from other countries – namechecking Ireland. You have to bring it back to this country, you can’t do it in Ireland and all of these other places. You have to bring this work back to this country so that American workers can benefit.(TWEET-AT-LINK) Ireland has gathered unwanted attention from the...
  • Trump Defends Initial Remarks on Charlottesville; Again Blames ‘Both Sides’

    08/15/2017 3:22:12 PM PDT · by be-baw · 18 replies
    NY Times ^ | August 15, 2017 | MICHAEL D. SHEAR and MAGGIE HABERMAN
    President Trump angrily defended himself on Tuesday against criticism that he did not specifically condemn Nazi and white supremacist groups following the weekend’s deadly racial unrest in Virginia, and at one point questioned whether the movement to pull down statues of Confederate leaders would escalate to the desecration of George Washington. In a long, combative exchange with reporters at Trump Tower in Manhattan, the president repeatedly rejected a torrent of bipartisan criticism for waiting two days before naming the right-wing groups and placing blame on “many sides” for the violence on Saturday that ended with the death of a young...