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Business/Economy (News/Activism)

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  • Millennials Cause Home Ownership to Drop to It's Lowest Level Since 1965

    07/28/2016 1:21:21 PM PDT · by GuavaCheesePuff · 13 replies
    NBC News ^ | July 28, 2016 | Diana Olick
    After rising just over a decade ago to its highest level ever, the nation's home ownership rate fell to match its all-time low and could drop even further in the months to come. In the second quarter of this year, the rate fell to 62.9 percent, not seasonally adjusted, which is the same as it was in 1965, when the U.S. Census started tracking the metric. During the epic housing boom in the mid-2000s, the rate soared as high as 69.2 percent. That was when politicians touted the so-called "ownership society."
  • Uniformed Alexandria officer denied service at Noodles & Company

    07/28/2016 9:07:24 AM PDT · by CreviceTool · 30 replies
    FOX 5 ^ | July 27, 2016 (updated) | FOX5 Staff
    ALEXANDRIA, VA A uniformed Virginia police officer was denied service at a Noodles & Company restaurant Monday evening. The Alexandria Police Department said one of the restaurant's cooks refused to serve her while she was wearing a uniform. As the officer was standing in line at the Noodles & Company location on Duke Street in Alexandria, the department says a female cook came out from the back and told the cashier, 'You better pull me off the line, because I'm not serving that,' gesturing at the officer. The department says the cashier and the cook started laughing, and the officer...
  • US Homeownership Rate Crashes To Lowest Since 1965

    07/28/2016 9:00:33 AM PDT · by Rockitz · 20 replies
    ZeroHedge.com ^ | 28 July 2016 | Tyler Durden
    In hopes of promoting the narrative of a US housing recovery, one recurring thesis has been that as Millennials get older and start families, they will eventually leave their parents' basement and buy a house or shift from renting to owning. So far the facts have refused to corroborate this, and according to the latest "Housing Vacancies and Homeownership" report released on Thursday, the dream of owning a home just became even more distant. The reason: after staging a feeble rebound in late 2015, the US homeownership rate just tumbled from 63.5% to 62.9%, tied for the lowest print going...
  • New York Times reports another loss as ad sales decline

    07/28/2016 8:03:35 AM PDT · by mandaladon · 42 replies
    Yahoo News ^ | 28 Jul 2016
    July 28 (Reuters) - The New York Times Co reported its second quarterly loss in a row as print and digital advertising sales declined. Print ad revenue fell 14.1 percent, the eighth straight quarterly decline. Digital ad revenue, which accounts for about a third of total ad revenue, dropped 6.8 percent, the second straight quarterly decline. The Times posted a net loss of $211,000 attributable to shareholders for the second quarter ended June 26, compared with a profit of $16.4 million the year-earlier quarter. On an adjusted basis, the company earned 11 cents per share from continuing operations, matching the...
  • Paul Krugman's Bubble

    07/28/2016 7:43:17 AM PDT · by oblomov · 15 replies
    Paul Krugman is confused. He can’t figure out why Americans are so gloomy that they might vote for Donald Trump in November. From the columnist’s perch at the New York Times, things in America seem A-okay: If you want to feel good about the state of America, you could do a lot worse than what I did this morning: take a run in Riverside Park. There are people of all ages, and, yes, all races exercising, strolling hand in hand, playing with their dogs, kicking soccer balls and throwing Frisbees. There are a few homeless people, but the overall atmosphere...
  • Draft NIJ Specifications for “Smart Gun” Released for Comments

    07/28/2016 6:48:06 AM PDT · by marktwain · 10 replies
    Ammoland ^ | 20 July, 2016 | Dean Weingarten
    In January of 2016, the office of the press secretary of the White House issued a memo directing the Department of Defense, the Department of Justice, and the Department of Homeland Security to promote research into “Smart Gun” technology. From the memo: The Department of Defense, the Department of Justice, and the Department of Homeland Security (departments) shall, to the extent practicable and permitted by law, conduct or sponsor research into gun safety technology that would reduce the frequency of accidental discharge or unauthorized use of firearms, and improve the tracing of lost or stolen guns. The memo resulted...
  • Property taxes jump, and jaws drop ( Chicago )

    07/28/2016 6:27:27 AM PDT · by george76 · 70 replies
    Crain's Chicago Business ^ | July 28, 2016 | Dennis Rodkin
    The property tax bill on Jeff and Roberta Price's Lincoln Park home was about $400 in 1977, the first year they lived there. It's been going up ever since but rarely with the jolt of this year's 63 percent increase. The increase, from $8,652 to $14,104, has the couple re-considering their plan to retire in the Kenmore Avenue home, where they raised their kids. They're looking at homes in Indiana "as a backup plan" for the time when Roberta retires in a few years, said Jeff, who is already retired. "We have lived in our home for almost 39 years...
  • Is U.S. Manufacturing Really in Decline?

    07/28/2016 5:37:52 AM PDT · by expat_panama · 97 replies
    Strategy+business ^ | July 26, 2016 | Daniel Gross
    Did you hear that U.S. manufacturing just had another big month? That output has risen about 20 percent in the past six years? That industrial capacity is actually expanding?Probably not. At most times, and especially in election season, the talk surrounding U.S. manufacturing is one of relentless decline: a loss of jobs, the shutting down of factories, increased competition from foreign countries, a global war in which the U.S. seems to be on the losing end.And of course, it’s true. At some level, manufacturing has declined dramatically — as a direct employer of American workers. According to the Bureau of...
  • German FM: Trump victory could affect trans-Atlantic ties

    07/28/2016 5:19:08 AM PDT · by Olog-hai · 40 replies
    Associated Press ^ | Jul 28, 2016 3:26 AM EDT
    Germany’s foreign minister says a victory for Donald Trump in the U.S. presidential elections could affect trans-Atlantic ties. Frank-Walter Steinmeier said in an interview published Thursday that if the Republican candidate wins the presidency it would mean “a lot of uncertainty for the trans-Atlantic relationship.” …
  • If You Liked Obamanomics, You'll Love Hillarynomics

    07/28/2016 3:14:23 AM PDT · by expat_panama · 10 replies
    Investors Business Daily ^ | July 27, 2016 | Editorial
    Democratic Convention: What can you expect from economic policy from a Hillary Clinton White House? You already know. Just look at the last 7-1/2 years under President Obama. Those expecting a new direction for the economy under a future possible President Clinton will likely be deeply disappointed... ...Tanden, was clear on one thing: "All of our policies must raise median wages for American workers ... (Hillary Clinton) is going to focus her presidency on rising inequality and stagnant wages." While laudable, how would Clinton do that? The answer is:... ..."shovel-ready" infrastructure projects... ...leaving the American taxpayers with trillions of dollars...
  • Federal Reserve: 'Risks Diminished'; Next Rate Hike In May 2017?

    07/28/2016 3:05:00 AM PDT · by expat_panama · 23 replies
    Investors Business Daily ^ | July 27, 2016 | ED CARSON
    The Federal Reserve left interest rates unchanged Wednesday afternoon at the end of its two-day policy meeting. Policymakers said "near-term risks" to the economy have faded, but investors generally saw the central bank in no rush to raise rates. Key points from the FOMC policy statement: "Near-term risks to the economic outlook have diminished." "On balance, payrolls and other labor market indicators point to some increase in labor utilization in recent months." "Household spending has been growing strongly but business fixed investment has been soft." "Inflation is expected to remain low... ...Fed statement was a tiny step toward an eventual...
  • Maryland’s Coming Fracking Showdown

    07/27/2016 8:26:26 PM PDT · by Tolerance Sucks Rocks · 11 replies
    MC GOP ^ | July 26, 2016 | Mark Uncapher
    The clock is counting down toward an important decision for Maryland’s economic future, namely whether to allow hydraulic fracturing, commonly known as fracking, to drill for natural gas in the state. Over a year ago, legislation that blocked fracking for another two years became law without Gov. Larry Hogan’s signature. That law barred the state from issuing drilling permits until October 2017 and required the Department of the Environment to adopt new regulations by October 2016. The passage of this law effectively delayed any decision on fracking until next year. To recap: the Marcellus Shale is a geological formation found...
  • Donald Trump Urges Russia to Release More Hacked Hillary Emails During Presser (VIDEO)

    07/27/2016 9:33:29 AM PDT · by servo1969 · 12 replies
    Thegatewaypundit.com ^ | 7/27/2016 | Jim Hoft
    Full Title - "Hah! Donald Trump Urges Russia to Release More Hacked Hillary Emails During Presser (VIDEO)" Republican Donald Trump held a press conference Wednesday morning to respond to the recent attacks and lies by Democrats and the liberal press.Trump COMPLETELY OWNED the press.Trump spoke directly to the Russians during his question and answer session. Trump urged the Russians to release more hacked Hillary emails. {VIDEO} "I will tell you this, Russia if you're listening, I hope you're able to find the 30,000 emails that are missing. I think you will probably be rewarded mightily by our press." The Republican...
  • TRUMP: President Obama Has Been the Most Ignorant President in Our History – A Disaster (VIDEO)

    07/27/2016 9:07:42 AM PDT · by servo1969 · 82 replies
    Thegatewaypundit.com ^ | 7/27/2016 | Jim Hoft
    Republican Donald Trump held a press conference Wednesday morning to respond to the recent attacks and lies by Democrats and the liberal press.Trump COMPLETELY OWNED the press.Trump destroyed Obama: I think President Obama has been the most ignorant president in our history. His views of the world, as he says, don't jive and the world is a mess. You look what is happening with migration, with Syria, with Libya, with Iraq, with everything he's touched. He has been a disaster as a president. He will go down as one of the worst presidents in the history of our country. It...
  • AR-15 maker pours $150,000 into anti-Hillary, pro-gun campaign

    07/27/2016 8:52:04 AM PDT · by rktman · 22 replies
    washingtonexaminer.com ^ | 7/25/2016 | Paul Bedard
    popular firearms company that makes AR-15-style rifles has donated an eye-popping $150,000 to the arms industry's "#GunVote" campaign to stop Democrat Hillary Clinton and liberal gun control measures. O.F. Mossberg & Sons Inc. put its support in the campaign headed by the National Shooting Sports Foundation which heads the campaign.
  • Democrats Build Double-Wall Border Fence to Keep Out Unwanted Protesters(WHAT!)

    07/27/2016 7:30:14 AM PDT · by rktman · 26 replies
    breitbart.com ^ | 7/26/2016 | Bob Price
    Delegates to the Democratic National Convention are now protected from unwanted protesters by a giant double-wall border fence. The border fence was doubled to make sure people without proper documentation could not illegally enter the convention area. Senator Jeff Sessions (R-AL) pointed out the hypocrisy of the Democrats in building a wall around their convention when they refuse to build a wall to secure the American border with Mexico, Breitbart News’ Neil Munro reported in June. “It’s interesting that the Democratic National Committee will have a wall around their convention to keep unapproved people out while at the same time,...
  • Robert Kagan and other Neocons are Backing Hillary Clinton

    07/27/2016 7:21:32 AM PDT · by Stand Watch Listen · 57 replies
    The Intercept-Unofficial Sources ^ | July 25, 2016 | Rania Khalek
    AS HILLARY CLINTON puts together what she hopes will be a winning coalition in November, many progressives remain wary — but she has the war hawks firmly behind her. “I would say all Republican foreign policy professionals are anti-Trump,” leading neoconservative Robert Kagan told a group gathered around him, groupie-style, at a “foreign policy professionals for Hillary” fundraiser I attended last week. “I would say that a majority of people in my circle will vote for Hillary.” As the co-founder of the neoconservative think tank Project for the New American Century, Kagan played a leading role in pushing for America’s...
  • Little Green Lies: Why Electric Cars Won’t Save the Environment

    07/27/2016 6:48:55 AM PDT · by rktman · 54 replies
    americanthinker.com ^ | 7/27/2016 | Larry Alton
    Things don’t look good for electric cars these days -- but did they ever? Tesla experienced a series of recalls, even before the recent crash in Florida that put the company’s autopilot system in the spotlight. Apparently, watching a Harry Potter movie and letting your car drive isn’t exactly a safe practice. But the real problem with electric cars is actually the problem they’re marketed to solve: pollution. While the left insists that electric cars are the only way to protect the environment, they’re actually damaging the oil industry while shifting money to liberal interests. Meanwhile, electric cars have proven...
  • COOK COUNTY PROPERTY TAX BILLS CAUSE OUTRAGE [Pensions]

    07/27/2016 6:41:35 AM PDT · by C19fan · 50 replies
    ABC 7 News Chicago ^ | July 5, 2016 | Charles Thomas
    Cook County taxpayers are outraged after property tax bills showed up in the mail. The bills are skyrocketing this year. The city of Chicago and its public school district's fiscal problems literally hit home over the weekend, when property owners saw their second installment tax bills. Outside the assessor's office, city homeowners told one property tax horror story after another.
  • 'White People to the Back!': Black Lives Matter Segregates Media by Race

    07/27/2016 5:00:23 AM PDT · by cba123 · 70 replies
    Fox News ^ | July 26, 2016 | Jillian Melchior
    On Tuesday, Black Lives Matter activists took to the streets in Philadelphia to protest police-involved shootings of African-Americans. During the demonstrations, protesters attempted to segregate members of the media based on their race. "White media get to the back! Black media come to the front!" one activist shouted into a megaphone. (please see the full article, linked below)
  • Investors Beware of 'False Profits' In this Market

    07/27/2016 4:17:56 AM PDT · by expat_panama · 11 replies
    Real Clear Markets ^ | July 27, 2016 | Doug Kass
    "Beware of false prophets, who come to you in sheep's clothing but inwardly are ravenous wolves." -- Matthew 7:15 I try to exclude personal experiences from my diary and only include observations related to the markets. But I have to start the morning by saying that the past few days have been moving ones of monumental importance on multiple fronts for myself and my family. Let's just leave it at that. As for Wall Street this morning, aggressive liquidity continues to buoy stocks. The money is coming from a combination of the world's central banks and historically large share buybacks,...
  • Pokémon Go Players Do the Craziest Things

    07/26/2016 3:17:02 PM PDT · by Fractal Trader · 40 replies
    Lifezette ^ | 26 July 2016 | Ann Oldenburg
    Pokémon Go mania has turned a corner — it has reached the point of ridiculousness. The game is making people do nutty, dangerous, and even life-threatening things. The “augmented reality mobile game” is sending players all over the place as they try to catch the crazy creatures. These people might be in a park or on private property — in a church or in your bathroom. The stories are getting more outrageous and outlandish. The upside of the game is that it’s getting people moving. They are actually walking around outside. They are running. They are breathing fresh air (except...
  • Moody’s Downgrades Alaska

    07/26/2016 6:43:39 PM PDT · by george76 · 28 replies
    Alaska’s credit rating was downgraded by Moody’s Investors Services, in the midst of its multi-billion-dollar deficit. Moody’s dropped the Last Frontier’s general obligation rating from Aa1 to Aa2. The outlook remains negative, according to the bond credit rating business. This marks the 49th State’s third credit decline from leading global credit rating agencies, that includes downgrades by Standard and Poor’s Rating Services and Fitch Ratings. ... In addition, Moody’s downgraded Alaska’s lease-appropriation bonds to Aa3 from Aa2, along with its moral obligation bonds to A1 from Aa3. These two bonds are consistently ranked one to two grades lower than the...
  • Smith & Wesson Sets Its Sights On Crimson Trace In $95 Mil Buyout

    Smith & Wesson (SWHC) rose sharply Tuesday after the top U.S. firearms maker late Monday said in a filing that it's buying Crimson Trace for $95 million cash. Crimson Trace makes laser sights for guns. One of Crimson Trace's products is LiNQ, which the company touts as the world's first wireless laser sight and LED white light for certain types of modern sporting rifles.
  • Photo shows mangled Tesla from fatal crash; NTSB says car was on Autopilot and speeding

    07/26/2016 1:08:31 PM PDT · by EveningStar · 52 replies
    Los Angeles Times ^ | July 26, 2016 | Charles Fleming
    The National Transportation Safety Board has released a preliminary report and photo concerning the first known fatality of a Tesla car using Autopilot. And it’s pretty gruesome. Earlier reports had stated the a Model S struck a big rig while traveling on a divided highway in central Florida, and speculated that the Tesla Autopilot system had failed to intervene in time to prevent the collision. The crash killed 40-year-old Ohio resident Joshua Brown, who was the driver of the Tesla. The driver of the truck was not injured.
  • Tech Entrepreneur Explains Why Elizabeth Warren Is Wrong About Big Tech

    07/26/2016 11:58:19 AM PDT · by milton23 · 17 replies
    Daily Signal ^ | 7/26/16 | Fred Lucas
    Sen. Elizabeth Warren, D-Mass., insists that “competition is dying” in the tech industry because of giant corporations like Google, Amazon, and Apple. But to entrepreneur Christopher Searles, they don’t pose a threat to companies like his. In fact, quite the opposite, he tells The Daily Signal. “As a tech entrepreneur and small business owner, I don’t see any of these companies as holding me back. Rather, they enable me to do things that I would never have been able to do 20 years ago,” Searles said in a phone interview. “We need to spend our resources encouraging and promoting innovation...
  • Noted Western Colorado health insurer being sold to United

    07/26/2016 10:19:47 AM PDT · by dware · 3 replies
    Island Packet ^ | 07.26.2016 | AP via Island Packet
    GRAND JUNCTION, Colo. A scrappy Western Colorado health insurer held up as a national model for keeping down costs is being sold. Rocky Mountain Health Plans of Grand Junction is being sold to UnitedHealth, the nation's biggest health insurer. The Daily Sentinel reports (http://goo.gl/UldBjJ ) that Rocky Mountain's president and CEO says the company decided to sell to restore its capital base. "They're a national player, we're a community player. That's what we're trying to marry here," said Steve ErkenBrack. President Barack Obama visited Grand Junction in 2009 when he was talking up his health care overhaul and praised Rocky...
  • GOP consultant claims former Cruz campaign manager is actively working to unseat tea party

    07/26/2016 6:46:07 AM PDT · by Mariner · 43 replies
    Business Insider ^ | July 26th, 2016 | Oliver Darcy
    A consulting firm run by Ted Cruz's former campaign manager is actively working to defeat a House Freedom Caucus member who is up for reelection despite strong claims to the contrary, a conservative consultant who previously worked for the firm claims. "It's total bull----," consultant Noel Fritsch told Business Insider of Jeff Roe's claims that his firm, Axiom Strategies, was not involved in efforts to oust Rep. Tim Huelskamp of Kansas from office. In 2014, Axiom Strategies, which Roe founded and owns, worked with a super PAC to spend more than $230,000 against Huelskamp, according to Federal Election Commission documents....
  • To Speed Economic Recovery, Release the Brakes

    07/26/2016 4:14:10 AM PDT · by expat_panama · 10 replies
    Reason.com ^ | July 25, 2016 | A. Barton Hinkle
    Back in January of 2015, Medarva asked for the state's permission to move two operating rooms from their current location at the Stony Point Surgery Center to the West Creek Medical Park, about a half-hour's drive away. You might think that the decision about whether Medarva moves a couple of operating rooms ought to be up to Medarva, and you would be right about that—in theory.In Virginia, however, such decisions require the state's approval, because the state maintains a Certificate of Public Need (COPN) law. Congress forced states to adopt such laws to address problems created by federal cost-plus reimbursement...
  • The Victory of Reason: How Christianity Led to Freedom, Capitalism and Western Success

    07/25/2016 10:51:24 AM PDT · by SoFloFreeper · 44 replies
    Many books have been written about the success of the West, analyzing why Europe was able to pull ahead of the rest of the world by the end of the Middle Ages. The most common explanations cite the West's superior geography, commerce, and technology. Completely overlooked is the fact that faith in reason, rooted in Christianity's commitment to rational theology, made all these developments possible. Simply put, the conventional wisdom that Western success depended upon overcoming religious barriers to progress is utter nonsense. In The Victory of Reason, Rodney Stark advances a revolutionary, controversial, and long overdue idea: that Christianity...
  • Potentially Rare Colt AR-15 Rifles Found At A Gun Show

    07/25/2016 10:28:30 AM PDT · by rktman · 25 replies
    thefirearmblog.com ^ | 7/25/2016 | Patrick R
    I think that we have all been in the position where we see something at a gun show that stands out as really rare or interesting, but just don’t have enough information to act on it. Even the internet can fall flat sometimes, this was one of those cases. I don’t know if I would come off of $15,000 for a non NFA AR-15 with nothing more than a promised letter from Colt to verify the rifle’s legitimacy. I am sure that the seller is an upstanding guy and I understand that Colt is currently working on those letters, so...
  • Solar projects can't save the forest for the trees?

    07/25/2016 7:58:18 AM PDT · by Lorianne · 11 replies
    AP ^ | 23 July 2016 | FRANK ELTMAN
    A green energy project has some environmentalists seeing red. Solar energy ordinarily wins praise from groups that want to cut greenhouse gases, but a proposed solar project at a defunct Long Island nuclear power plant has stirred outrage because it requires demolishing 350 acres of woodlands.
  • Opinion: Why it still makes sense to buy stocks and bonds at record prices

    07/25/2016 4:10:47 AM PDT · by expat_panama · 21 replies
    Market Watch ^ | July 24, 2016 | Philip van Doorn
    Are you tired of stories speculating about when the Federal Reserve will raise interest rates? Maybe it’s time to stop reacting to them, because they can damage your investment portfolio. If you had panicked last year, fearing a change in central-bank policy would drag down prices of bonds and stocks with high dividend yields, you would have missed out on plenty of income and price gains. (The Fed eventually raised rates, in December, but stocks and bonds today are still near record highs.) “The market can make you do things at precisely the wrong time. Staying the course during times...
  • Verizon to Pay $4.8 Billion for Yahoo’s Core Business

    07/24/2016 3:38:41 PM PDT · by rdl6989 · 22 replies
    New York Times ^ | JULY 24, 2016 | VINDU GOEL and MICHAEL J. de la MERCED
    The board of the Silicon Valley company agreed to sell Yahoo’s core internet operations and land holdings to Verizon for $4.8 billion, according to people briefed on the matter, who were not authorized to speak about the deal before the planned announcement on Monday morning.
  • Dish Network Loses Record-Setting 281,000 Subscribers

    07/24/2016 9:55:50 AM PDT · by rktman · 59 replies
    newsmax.com ^ | 7/23/2016 | unknown
    Dish Network Corp. lost a record number of TV subscribers in the second quarter as programming blackouts and price increases drove customers to seek cheaper online alternatives, reviving industrywide concerns about “cord-cutting.” Dish shed 281,000 pay-TV customers in the quarter, compared with a loss of 81,000 a year earlier, according to a statement from the Englewood, Colorado-based company Thursday. That marks the biggest loss of TV subscribers in any quarter. The rate of monthly customer defections, or churn, rose to 1.96 percent from 1.71 percent a year earlier, Dish said in a separate filing.
  • Tim Kaine Calls To Deregulate Banks As He Campaigns To Be Clinton's VP

    07/24/2016 6:58:21 AM PDT · by Zakeet · 16 replies
    Huffington Post ^ | July 20, 2016 | Zach Carter
    Sen. Tim Kaine (D-Va.) is on Hillary Clinton’s short list of potential vice presidential nominees. He’s also actively pushing bank deregulation this week as he campaigns for the job. Kaine signed two letters on Monday urging federal regulators to go easy on banks ― one to help big banks dodge risk management rules, and another to help small banks avoid consumer protection standards. Presumptive Democratic presidential nominee Hillary Clinton's ... pick is widely viewed in Washington as a sign of her governing intentions.
  • Board approves creation of Diversity & Inclusion Administrative Committee

    07/24/2016 6:56:29 AM PDT · by pabianice · 9 replies
    Community Advocate ^ | 7/24/16 | Petrucci
    Westborough, MA – At the July 19 meeting of the Board of Selectmen, Town Manager Jim Malloy requested the formation of a Diversity & Inclusion Administrative Committee. Department heads have had multiple discussions on changing demographics in the community and are seeking ways to better provide services and be more inclusive of all of its residents. Malloy suggested an internal working group to “review current services and develop creative ways to reach out to members of the community that may not be served as well as we would prefer.” Further, he said, “I am seeking to make this a more...
  • Democrats Need to Stop Insisting That Everything Is Going Well

    07/24/2016 2:03:24 AM PDT · by 2ndDivisionVet · 54 replies
    Current Affairs ^ | July 23, 2016 | Nathan J. Robinson, editor
    Trivializing people’s problems and fears is not a good way to win support. Among members of the liberal press, the reaction to Donald Trump’s RNC acceptance speech has been almost unanimous. It was, they say, “grim,” “angry,” and “dark.” Trump painted a “Mad Max” picture of the United States, as a nation is crisis, beset by crime, terrorism, unemployment, and despair. This picture, say the commentators, is false. Trump exaggerated crime rates, which are actually going down rather than up. He scare-mongered about immigrants and terrorism, creating threats where there are none. And he suggested that the world is going...
  • Kmart workers believe all the stores are going to be imminently shut down

    07/23/2016 9:45:09 PM PDT · by KentTrappedInLiberalSeattle · 82 replies
    Yahoo! Finance ^ | 07/23/2016 | Hayley Peterson
    Kmart employees believe the company is nearing bankruptcy and is in the process of shutting down all its stores. The chain has closed one-third of its stores in the last decade, and sales have been cut in half in the same time period. Store-level employees who spoke to Business Insider said many of the remaining 941 Kmart stores now appear to be in the midst of liquidation. Stores are being entered into numbered phases — such as Phase 1 and Phase 2 — employees said.
  • Kerry: Air conditioners as big a threat as ISIS

    07/23/2016 3:05:25 PM PDT · by Eleutheria5 · 93 replies
    Foxnews ^ | 23/7/16
    ecretary of State John Kerry said in Vienna on Friday that air conditioners and refrigerators are as big of a threat to life as the threat of terrorism posed by groups like the Islamic State. ADVERTISEMENT The Washington Examiner reported that Kerry was in Vienna to amend the 1987 Montreal Protocol that would phase out hydrofluorocarbons, or HFCs, from basic household and commercial appliances like air conditioners, refrigerators, and inhalers. “As we were working together on the challenge of [ISIS] and terrorism,” Kerry said. “It’s hard for some people to grasp it, but what we–you–are doing here right now is...
  • Medicaid - Georgia

    07/23/2016 1:27:35 PM PDT · by spintreebob · 3 replies
    Georgia Public Policy Foundation ^ | 7-22-2016 | Benita Dodd
    Hundreds of millions of dollars are spent annually in Georgia on uncompensated care for the uninsured. The uninsured may not have coverage but they do get sick; one way or another, we all pay for their care in a way that is terribly inefficient. • Money should follow people. It is important to support the institutions and providers that make up Georgia’s safety net, but solutions should be people-centered, not institutioncentered. • Innovation requires flexibility and choices. Micromanaging every last detail is a recipe for the status quo. The accompanying table shows the most recent data on the average enrollment...
  • Donor Vetting -- Some great stuff

    07/23/2016 11:48:13 AM PDT · by ncfool · 3 replies
    wikileaks web site ^ | July 23, 2016 | Self
    Unbelievable when you search for Vet and you get the various emails that the sent back and forth with their commentary about if the Donor was good or bad. You can see how the bundle the money and try to play games on how to get the best way to process the donation. Now this is the legitimate donations but you know there are bigger games being played. Where is the FEC and we know where the Justice department is located.
  • Amazon To Issue Student Loans To New "Prime" Shoppers

    07/23/2016 10:08:07 AM PDT · by Lorianne · 32 replies
    Zero Hedge ^ | 21 July 2016 | Tyler Durden
    On the off chance the US didn't already have a big enough problem thanks to a staggering $1.3 trillion in student loans which contrary to White House' claims, are crushing an entire generation under their interest expense weight, earlier today none other than billionaire Jeff Bezos announced he was entering the student loan business, when Amazon unveiled a partnership with Wells Fargo in which the bank’s student-lending arm would offer interest-rate discounts to select Amazon shoppers. In Amazon's latest attempt to entice shoppers into its premium Prime program, Wells Fargo will cut half a percentage point from its interest rate...
  • $15 minimum wage shutters old-school Brooklyn diner

    07/23/2016 9:46:33 AM PDT · by Olog-hai · 74 replies
    New York Post ^ | July 22, 2016 | 10:47pm | Jennifer Bain and Natalie O’Neill
    Say goodbye to the late-night fries and gravy. One of the last classic Brooklyn diners is biting the dust — and soon they’ll all die off due to the state’s minimum-wage increase and other factors, restaurateurs and economic experts predicted Friday. The owner of the four-decade-old, 24-hour greasy spoon, Del Rio Diner in Gravesend, said his place is closing down because he can’t afford to pay cooks $15 an hour, along with rising rents and expensive Health Department inspection fees. …
  • First (Nickelodeon) Children's TV Program to Showcase (interracial) 'Married' Gay Couple

    07/23/2016 8:04:13 AM PDT · by Zakeet · 21 replies
    Church Militant ^ | July 20, 2016 | Joseph Pelletier
    For the first time, a children's TV network is featuring a "married" gay couple. Cable television network Nickelodeon, which broadcasts programming geared toward children and adolescents, is scheduled to air an episode Wednesday of their new show "Loud House" featuring two men in a same-sex "marriage." In the episode "Overnight Success," main character Lincoln Loud opens his front door to greet his best friend and the friend's parents — an interracial gay "married" couple. Prior to meeting the pair, Loud quips, "This is it. Time to make history." He then addresses the parents as Mr. McBride and Mr. McBride. The...
  • Plans in place for former bombing site clean-up, funds lacking

    07/23/2016 6:55:59 AM PDT · by SandRat · 6 replies
    Sierra Vista Herald ^ | karen.schaffner@svherald.com
    SIERRA VISTA — A representative from the Army Corps of Engineers revealed the findings Wednesday of a four-year munitions study of more than 1,500 acres in the San Pedro Riparian Conservation Area (SPRNCA), southeast of the San Pedro House. The study was looking for live munitions or other environmental factors from World War II Army use that would impact the acreage. Two live explosives and fragments of explosives in the dense, thorny acreage were discovered. A third live explosive was carried out by a hiker and turned over to local authorities. “It is not a hospitable site,” said 1st Lt....
  • The CBO Looks Ahead to a U.S. Fiscal Disaster

    07/23/2016 5:59:34 AM PDT · by reaganaut1 · 100 replies
    Barron's ^ | July 23, 2016 | THOMAS G. DONLAN
    The American debt problem was almost entirely ignored at the Republican National Convention last week, and we can expect nothing more when the Democrats gather this week. Both parties support the entitlement spending system and the decrepit tax system that fails to support it. They compete on the fiscal side of politics with impossible promises to spend more and tax less. Imagine the U.S. Treasury as an airplane beginning to roll down the runway to take off. For a mile or so, the plane gains no altitude, then the wings start to generate lift. The wheels leave the ground and...
  • Guest opinion: PERA’s low returns call for a change ( Colorado )

    07/23/2016 4:22:05 AM PDT · by george76 · 9 replies
    Post Independent ^ | July 22, 2016 | Joshua Sharf
    The leaders of Colorado’s Public Employee Retirement Association (PERA) assure us that if we have patience, long-term investment returns of 7.5 percent will fully fund the program’s promises to retirees over the next 40 years or so. But what if those returns fail to materialize? Moving PERA from the current defined benefit plan to a defined contribution or cash balance-style plan would remove much of the burden of returns falling short from taxpayers, while helping along the long-term financial health of PERA. Coloradans got a taste of that this past year, when PERA achieved a paltry 1.5 percent return on...
  • Report: Several killed in shooting at Munich shopping mall (GERMANY)

    07/22/2016 10:28:04 AM PDT · by dragnet2 · 757 replies
    cnn.com ^ | 7/22/2016 | Chris Williams and Jason Hanna
    Seems to be an active situation.
  • Ivanka Champions Equal Pay for Women, Child Care

    07/22/2016 5:45:48 PM PDT · by CutePuppy · 61 replies
    Newsmax ^ | 2016 July 21 | Cathy Burke
    Donald Trump's eldest daughter introduced two progressive issues her father hasn't championed on the campaign trail: equal pay for women and making childcare more widely accessible. "He will fight for equal pay, equal work, and I will fight for this too, right alongside of him," Ivanka Trump said in remarks introducing the GOP presidential nominee at the Republican National Convention Thursday night. ..... < snip > ..... "As president, my father will change the labor laws that were put in place at a time when women were up a significant portion of the workforce," she said. "He will focus on...