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Business/Economy (News/Activism)

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  • Automating Ourselves To Unemployment: How shortsighted policies are creating a long-term crisis

    04/28/2016 2:51:54 PM PDT · by SeekAndFind · 2 replies
    Peak Prosperity ^ | 04/28/2016 | Adam Taggart
    Students of Austrian business cycle theory are familiar with the term malinvestment. A malinvestment is any poor use of resources or capital, commonly made in response to bad policy (usually artificially low interest rates and/or unsustainable increases in the monetary supply). The dot-com bubble that popped in 2001? The housing bubble that similarly burst in 2008? Those were classic examples of malinvestment.With this article, I'd like to introduce a related term: malincentive. While not part of the official economic lexicon, I consider a 'malincentive' a useful word to describe any promise of short-term gain whose long-term costs outweigh any...
  • Learning to Love (Tolerate?) Big Government

    04/28/2016 2:37:05 PM PDT · by nickcarraway · 4 replies
    APRIL 26, 2016 | Justin Fox
    Learning to Love (Tolerate?) Big Government (Link only, per rules)
  • Islamic State turns to selling fish and cars

    04/28/2016 1:04:03 PM PDT · by StCloudMoose · 16 replies
    reuters ^ | 4/28/16
    Islamic State earns millions of dollars a month running car dealerships and fish farms in Iraq, making up for lower oil income after its battlefield losses, Iraqi judicial authorities said on Thursday. Security experts once estimated the ultra-radical Islamist group's annual income at $2.9 billion, much of it coming from oil and gas installations in Iraq and Syria. The U.S.-led coalition has targeted Islamic State's financial infrastructure, using air strikes to reduce its ability to extract, refine and transport oil and so forcing fighters to reportedly take significant pay cuts. Yet the militants, who seized a third of Iraq's territory...
  • Dow slides under 18,000 after tepid economic data

    04/28/2016 12:33:06 PM PDT · by John W · 10 replies
    marketwatch.com ^ | April 28, 2016 | Sue Chang & Ellie Ismailidou
    U.S. stocks bounced off session lows on Thursday, but the Dow Jones Industrial Average remained below 18,000-mark after data showed the U.S. economy grew at its slowest pace in two years during the first quarter. Tepid gross domestic product data in the first quarter has prompted investors to reassess whether the market’s current valuation is warranted given muted earnings and slower growth, said Bruce McCain, chief investment strategist at Key Private Bank. “The retreat reflects uncertainties among investor on whether the fundamentals support what they are paying for stocks,” he said. Still, the market is not tanking as much as...
  • Gas plant proposal subject of novel suit Young plaintiffs: Harm to climate hits us hardest

    04/28/2016 12:28:45 PM PDT · by CMB_polarization · 9 replies
    The Daily Sentinel ^ | April 27, 2016 | Dennis Webb
    The proposed Jordan Cove liquefied natural gas plant’s environmental impacts are being singled out in a novel lawsuit in which youths are taking on the federal government because of the consequences they say their generation will have to live with as a result of climate change. That lawsuit, which includes young plaintiffs from Colorado, is gaining widespread attention for having cleared an initial legal hurdle earlier this month. A federal magistrate judge rejected motions by the government and industry groups to dismiss the case. According to the ruling by the Oregon judge, Thomas Coffin, the suit essentially alleges that the...
  • Trump Camp: Cruz-Fiorina Is the ‘Outsourcing Ticket’

    04/28/2016 11:52:29 AM PDT · by monkapotamus · 74 replies
    Breitbart ^ | April 28, 2016 | Julia Hahn
    “Carly Fiorina pioneered– pioneered– the practice of outsourcing jobs,” Miller said. “Her great legacy in business has been in finding a way to shift jobs to lower wage countries and replacing American workers with foreign workers. So I think we can all say that Ted Cruz, who supports offshoring jobs, and Carly Fiorina, who supports offshoring jobs, they’re now officially the outsourcing ticket.” “A critical issue for the state of Indiana is steel production and manufacturing,” Miller said, noting that, “on the crucial trade vote in 2015, Ted Cruz voted for Barack Obama’s trade bill that would destroy… the middle...
  • Congress to Air Force: You Can't Retire the A-10 Until the F-35 Proves It's Better

    04/28/2016 12:03:53 PM PDT · by Stand Watch Listen · 54 replies
    Popular Mechanics ^ | Apr 27, 2016 | Kyle Mizokami
    Congress to Air Force: You Can't Retire the A-10 Until the F-35 Proves It's Better Legislators want proof the F-35 can take over the aging tank-killer's job Congress threw down the gauntlet at the Air Force on Monday, introducing legislation to mandate keeping the A-10 Thunderbolt II—affectionately known as the Warthog—in service until the service can prove the new F-35 Joint Strike Fighter can take over its job. As reported by DefenseNews, Chairman of the House Armed Services Committee Mack Thornberry has introduced legislation to forbid the Air Force from retiring the plane. Thornberry's proposed law would prohibit the Air...
  • Icahn: We're out of Apple, and it's China's fault

    04/28/2016 11:54:25 AM PDT · by ImJustAnotherOkie · 20 replies
    CNBC ^ | 4/28/2016 | Jacob Pramuk
    Billionaire investor Carl Icahn told CNBC on Thursday he has sold his Apple position as the tech giant's stock continues to shed value after disappointing earnings. "We no longer have a position in Apple," Icahn told CNBC's "Power Lunch," noting Apple is a "great company" and CEO Tim Cook is "doing a great job."
  • Larry Summers joins bitcoin firm as a senior advisor

    04/28/2016 11:40:56 AM PDT · by posterchild · 11 replies
    finance.yahoo.com ^ | Apr 28, 2016 | Daniel Roberts
    Digital Currency Group is busy these days. In the last four months alone, the company acquired the biggest bitcoin news site, CoinDesk, and along with it, the biggest bitcoin conference, Consensus; it also gave money to Coin Center, the bitcoin industry's nonprofit advocacy group. On Thursday, DCG announced a laundry list of new investors and additions to its team, and among them is one very big name: Larry Summers. Summers, former Treasury secretary and former president of Harvard University, is joining DCG as a senior advisor. It is a reminder that Summers believes in the future of bitcoin, the crypto-currency...
  • Trump's foreign policy speech left experts puzzled or appalled

    04/28/2016 11:17:56 AM PDT · by SteveH · 115 replies
    the fiscal times ^ | april 28 2016 | rob garver
    Donald Trump gave an amazing speech about his approach to US foreign policy on Wednesday, at least according to Donald Trump. At an event sponsored by the Center for the National Interest, the Republican presidential frontrunner delivered a 5,000-word speech touching on his criticisms of the Obama administration’s approach to national security, the need to whip US allies into shape, and promised that he alone can restore what he described as the lost standing of the US in world affairs. A Trump foreign policy would eschew “nation building” but would still somehow promote stability worldwide. It would teach our allies...
  • 'Climate Hustle' will rock alarmists to their core(NOT!)

    04/28/2016 8:01:27 AM PDT · by rktman · 21 replies
    wnd.com ^ | 4/28/2016 | George Escobar
    Have you ever been deceived by a “confidence” artist, plying their trade? No? Think again. We’ve all been victimized, whether we know it or not. It’s called the “Climate Hustle” and scientists, politicians, educators, entertainers, business people, and even the president are willing perpetrators in the greatest con job in our lifetime. On Monday, May 2, 2016, during a one-night nationwide theatrical engagement, see for yourself the unmasking of this fraud in a powerful documentary, “Climate Hustle” that demolishes the climate change agenda. This could be the most important movie of the year. Here’s why: President Obama claimed at the...
  • Flooded With Migrants, Germany Struggles to Integrate Them

    04/28/2016 7:47:11 AM PDT · by reaganaut1 · 32 replies
    New York Times ^ | April 27, 2016 | ALISON SMALE
    ... [O]fficials now warn that, even with special courses and attention, many of those staying will lack suitable labor skills — a shift from initial buoyant predictions from industry, which needs workers. Most of the migrants come from countries where schooling lasts years less than in Germany, said Karl Brenke, a labor and migration expert at the German Institute for Economic Research. Qualifications are difficult to compare. Already, there are 14 people competing for a basic unskilled job, Mr. Brenke said. He provided figures showing that the number of employable people who are jobless and living on welfare had swelled...
  • America's earnings recession just got worse

    04/28/2016 6:42:39 AM PDT · by Lorianne · 13 replies
    CNN ^ | 27 April 2016 | Patrick Gillespie
    Weak global growth is closing consumers' wallets, while the strong dollar is only making iPhones and other American goods more expensive for foreign buyers. Add on still-low oil prices and Corporate America is facing major headwinds. "It's like these companies are trying to play basketball but the tar is melting and sticking to their sneaks. Not fun to watch," says Jack Kramer, co-founder of MarketSnacks, a financial newsletter. Apple's stock quickly fell more than 7% when markets opened Wednesday after it revealed its first annual sales growth decline since 2003. Reeling from its E. coli scare late last year, Chipotle...
  • Radisson Hotel Chain Is Latest U.S. Giant to Be Snapped Up By Chinese

    04/28/2016 5:55:40 AM PDT · by C19fan · 16 replies
    AP ^ | April 28, 2016 | Staff
    A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, which owns brands including Radisson and Country Inns and Suites, the latest in a flurry of overseas investments by Chinese companies. HNA Tourism Group will acquire all of Carlson Hotels Inc., the companies said in a joint statement released late Wednesday that did not disclose the purchase price.
  • US advance Q1 GDP up 0.5% vs. 0.7% expected (PATHETIC!)

    04/28/2016 5:54:35 AM PDT · by BradtotheBone · 25 replies
    CNBC.Com ^ | April 28, 2016 | Luke Sharrett
    U.S. economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, the slowest since the first quarter of 2014, the Labor Department said on Thursday in its advance estimate, also as businesses doubled down on efforts to reduce unwanted merchandise clogging up warehouses. The economy was also blindsided by cheap oil, which has hurt the profits of oil field companies like Schlumberger and Halliburton, resulting...
  • Cruz Picks Nation’s Most Aggressive Champion of Offshoring as Vice President

    04/28/2016 5:06:54 AM PDT · by maggief · 77 replies
    Breitbart ^ | April 28, 2016 | Julia Hahn
    After being mathematically eliminated from reaching 1,237 delegates, Sen. Ted Cruz (R-TX)97% responded by appointing former Hewlett Packard CEO Carly Fiorina as his running mate. The appointment, however, could have unintended consequences given Fiorina’s pivotal role in developing the controversial offshoring model favored by tech companies today. In particular, Fiorina’s record could shine unwanted attention on what has been a similarly uncomfortable area for Sen. Ted Cruz, such as Cruz’s offering an amendment to increase the H-1B program by 500 percent, his 2015 vote to continue allowing Chinese currency manipulation, and his 2015 vote to fast track President Obama’s Trans-Pacific...
  • How would President Trump stop a business from moving overseas?

    04/28/2016 4:57:07 AM PDT · by expat_panama · 151 replies
    American Thinker ^ | April 28, 2016 | Silvio Canto
    Let me agree with Mr. Trump, and supporters, that it's a very bad idea for U.S. companies to move overseas and take those jobs elsewhere. I have personally seen the consequences of these moves in Mexico. You can see all of these companies in the industrial sectors of Monterrey, Queretaro, Tijuana, and other Mexican cities. They are down there hiring Mexicans, from floor sweepers to engineers to lots of people with university degrees. They are hiring professionals from the top schools south of the border. Again, I don't like it but what can a U.S. president really do about it?...
  • Looting On the Rise As Venezuela Runs Out of Food, Electricity

    04/28/2016 4:55:05 AM PDT · by Oldeconomybuyer · 50 replies
    PanAm Post ^ | April 27, 2016 | by Sabrina Martín
    Food Producers Alert They Have Only 15 Days Left of Inventory amid Rampant Inflation. Despair and violence is taking over Venezuela. The economic crisis sweeping the nation means people have to withstand widespread shortages of staple products, medicine, and food. So when the Maduro administration began rationing electricity this week, leaving entire cities in the dark for up to 4 hours every day, discontent gave way to social unrest. On April 26, people took to the streets in three Venezuelan states, looting stores to find food. Maracaibo, in the western state of Zulia, is the epicenter of thefts: on Tuesday...
  • Significant Premium Hikes Expected Under Obama Health Law

    04/28/2016 4:33:12 AM PDT · by Oldeconomybuyer · 27 replies
    ABC News ^ | April 28, 2016 | By Ricardo Alonso-Zaldivar
    Expect insurers to seek significant premium increases under President Barack Obama's health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer. Insurers say the law's coverage has been a financial drain for many of them, and they're setting the stage for 2017 hikes that in some cases could reach well into the double digits. For example in Virginia, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent. The health law's nagging problems seem to center on lower-than-hoped-for enrollment, sicker-than-expected...
  • Why “The Grave Dancer” Is Cashing Out Once Again Sam Zell has called the top again …

    04/27/2016 7:53:32 PM PDT · by Lorianne · 8 replies
    Casey Research ^ | 26 April 2016 | Justin Spittler
    Sam Zell has called the top again… Zell is a real estate mogul and self-made billionaire. He made a fortune buying property for pennies on the dollar during recessions in the 1970s and 1990s. This earned him the nickname “The Grave Dancer.” Zell was also one of the only real estate gurus to spot the last property bubble and get out before it popped. In February 2007, he sold $23 billion worth of office buildings. U.S. commercial property prices peaked nine months later and went on to plunge 42%. • Zell is seeing a similar situation in today's market… His...
  • Oil Crash Creates Glut Of Petroleum Engineers – More Layoffs Coming

    04/27/2016 7:35:00 PM PDT · by Lorianne · 12 replies
    Oil Price ^ | 24 April 2016 | Michael McDonald
    For many years one of the most lucrative jobs in the already lucrative field of engineering was as a petroleum engineer. While industrial, mechanical, and chemical engineering grads all commanded respectable salaries, usually ranging from $55,000 to $75,000, in recent years petroleum engineering salaries often top $100,000 or more. The days of that prosperity are ending or at least on hold for now though. Jobs for petroleum engineers are becoming increasingly scarce even for grads from traditionally good universities. Part of the problem is that as U.S. shale oil boomed, so did the number of petroleum engineering grads. There are...
  • This Is The End: Venezuela Runs Out Of Money To Print New Money

    04/27/2016 5:29:50 PM PDT · by SeekAndFind · 54 replies
    Zero Hedge ^ | 04/27/2016 | Tyler Durden
    Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the "weekend" for public workers to 5 days...... we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new physical currency. After all, central-bank data shows Venezuela more than doubled the supply of 100-, 50- and 2-bolivar notes in 2015 as it doubled monetary liquidity including bank deposits. Supply has grown even as Venezuela has fewer U.S. dollars to support new...
  • Defending His Daffodils, an Eighth Avenue Gardener Keeps a Busy City at Bay

    04/27/2016 2:11:33 PM PDT · by afraidfortherepublic · 14 replies
    NY Times ^ | 4-26-16 | JAMES BARRON
    Donald Wolfe said he would walk there from his apartment on West 50th Street in Manhattan — 38 steps to the elevator, 54 steps through the lobby, 75 steps down the block to the corner and 37 steps across Eighth Avenue. First he put the jug with the water on his wheelchair. His oxygen tank was already in place, on the back. Off he went, pushing the wheelchair, a transport device for the garden supplies if not, at the moment, the gardener. He was not shuffling. Not shambling. But not speedwalking, either. “We’re so dry right now,” said Mr. Wolfe,...
  • Bernie Sanders Is Right: The US Is Already a Socialist Country [Rev 13]

    04/27/2016 1:35:11 PM PDT · by Jan_Sobieski · 27 replies
    Mises Institute ^ | 12/4/2015 | Ryan McMaken
    [...] Sanders is wrong about the New Deal "putting people to work" since their government-funded activity did nothing to create wealth or end the depression. The Depression lasted until 1945. And the New Deal certainly isn't "the foundation of the middle class" which grew and thrived in the second half of the 19th century. However, when he classifies the New Deal programs that dominate US policy today as "socialist," Sanders is absolutely correct. In fact, if a democratic socialist of the 19th century were to get into a time machine and travel to the modern United States, he'd be forced...
  • Lawyers file claim EPA Michigan water crisis

    04/27/2016 1:03:53 PM PDT · by StCloudMoose · 12 replies
    Lawyers for residents of Flint, Michigan, have filed a $220.2 million damages claim alleging negligence on the part of the U.S. Environmental Protection Agency contributed to dangerous lead levels in the city's water supply. In a statement issued on Tuesday, Michael Pitt said his firm Royal Oak, Michigan's Pitt McGehee Palmer & Rivers, along with others, had filed an administrative complaint on Monday with the EPA alleging injuries to over 500 people. They said they would file a similar complaint next week covering 250 more Flint residents. Federal law requires that such complaints be filed as precursors to actual lawsuits...
  • Donald Trump Ford foreign policy worked

    04/27/2016 12:58:49 PM PDT · by StCloudMoose · 3 replies
    The Donald Trump effect: Ford will invest $1.6 billion in two U.S. factories. Ford Motor Co will invest $1.6 billion in two U.S. factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday. Ford said the moves would support a total of 650 jobs but would not say how many new ones would be created. The announcement comes three weeks after Ford said it would spend $1.6 billion to build a new vehicle assembly plant in Mexico, drawing fire from Republican U.S. presidential candidate Donald Trump. Ford has countered that...
  • The driverless truck is coming, and it’s going to automate millions of jobs

    04/27/2016 12:26:09 PM PDT · by JOAT · 152 replies
    TechCrunch ^ | 4/26/2016 | Ryan Peterson
    A convoy of self-driving trucks recently drove across Europe and arrived at the Port of Rotterdam. No technology will automate away more jobs — or drive more economic efficiency — than the driverless truck. Shipping a full truckload from L.A. to New York costs around $4,500 today, with labor representing 75 percent of that cost. But those labor savings aren’t the only gains to be had from the adoption of driverless trucks. Where drivers are restricted by law from driving more than 11 hours per day without taking an 8-hour break, a driverless truck can drive nearly 24 hours per...
  • Venezuela Doesn't Have Enough Money to Pay for Its Money [Bloomberg Link Only]

    04/27/2016 10:12:27 AM PDT · by C19fan · 17 replies
    Bloomberg [Link Only] ^ | April 27, 2016 | Andrew Rosati
    here
  • The Rush Limbaugh Show, M-F, 12noon-3PM, WOR-AM, Wednesday, April 27th, 2016.

    04/27/2016 8:47:20 AM PDT · by carriage_hill · 323 replies
    The EIB Network ^ | Wednesday, April 27th, 2016 | Rush Limbaugh
    AND NOW... amidst billowing clouds of fragrant, aromatic first- and second-hand premium cigar smoke... it is time for... that harmless, lovable little fuzz ball, the highly-trained broadcast specialist, having more fun than a human being should be allowed to have, from behind the golden EIB microphone, firmly ensconced in the prestigious Attila-The-Hun chair at the Limbaugh Institute of Advanced Conservative Studies, serving humanity simply by showing up, and he's not retiring until every American agrees with him - do NOT doubt him - with shrieks of joy at the mere mention of his name (that's Rush, for those in Rio...
  • Venezuela Imposes 2 Day Work Week To Save Energy

    04/27/2016 7:32:32 AM PDT · by Oldeconomybuyer · 34 replies
    The Huffington Post ^ | April 26, 2016 | by Andrew Cawthorne and Daniel Kai
    CARACAS (Reuters) - Venezuela's socialist government ordered public workers on Tuesday to work a two-day week as an energy-saving measure in the crisis-hit South American OPEC country. President Nicolas Maduro had already given most of Venezuela's 2.8 million state employees Fridays off during April and May to cut down on electricity consumption. Water shortages and electricity cuts have added to the hardships of Venezuela's 30 million people, already enduring a brutal recession, shortages of basics from milk to medicines, soaring prices, and long lines at shops.
  • Norway offers to pay asylum seekers £1000 bonus to leave the country

    04/27/2016 7:31:34 AM PDT · by dennisw · 29 replies
    telegraph ^ | 26 April 2016 | Chiara Palazzo
    Norwegian authorities are offering a "bonus" 10,000 kroner (£1,000) to asylum seekers willing to leave the country voluntarily. The Norwegian Directorate of Immigration (UDI) says the measure is less expensive than keeping refugees in immigration centres in the country. Launched on Monday, the scheme will run for six weeks, state broadcaster NRK reported UDI saying. The money will be paid to the first 500 asylum seekers to apply on a first-come, first-served basis. “We need to entice more [people] to voluntarily travel back by giving them a bit more money on their way out. This will save us a lot...
  • In West Baltimore, Scarce Pharmacies Leave Health Care Gaps

    04/27/2016 7:06:16 AM PDT · by Oldeconomybuyer · 26 replies
    Kaiser Health News ^ | April 25, 2016 | By Shefali Luthra and Jeremy Snow
    BALTIMORE - The immense new CVS dominates the corner of Pennsylvania and West North avenues. It's a contrast that shows what's changed and what hasn't in the past year, since Freddie Gray, a 25-year-old black man, died of injuries sustained in police custody, unleashing days of protests. But if 2015's protests emphasized police brutality and race relations, the absence of more stores like CVS that are easily accessible to people in impoverished, predominantly black neighborhoods underscores Baltimore's other persistent inequities. Scarcity defines life in Sandtown-Winchester, the 72-block neighborhood where Gray lived for part of his life. Its roughly 9,000 residents...
  • The Mirage of a Return to Manufacturing Greatness

    04/27/2016 5:32:36 AM PDT · by expat_panama · 46 replies
    New York Times ^ | APRIL 26, 2016 | Eduardo Porter
    Half a century ago, harvesting California’s 2.2 million tons of tomatoes for ketchup required as many as 45,000 workers. In the 1960s, though, scientists and engineers at the University of California, Davis, developed an oblong tomato that lent itself to being machine-picked and an efficient mechanical harvester to do the job in one pass through a field. The battle to save jobs was on... ...These days, the battle to save American jobs has a different flavor... ...In America’s factories, jobs are inevitably disappearing, too. But despite the political rhetoric, the problem is not mainly globalization. Manufacturing jobs are on the...
  • Oxford council rebukes Target bathroom policy with new ordinance

    04/27/2016 5:08:35 AM PDT · by BO Stinkss · 22 replies
    http://www.annistonstar.com ^ | 04/26/2016 | Zach Tyler
    OXFORD — The City Council on Tuesday made it illegal for anyone to use a public bathroom that doesn’t align with the gender they were born with. The new law, approved unanimously by the council’s members, restricts a person’s use of public bathrooms and changing rooms to the facilities designated for use by those of the gender listed on his or her birth certificate. The law applies within both the city’s limits and police jurisdiction. After members approved the new city ordinance, Council President Steven Waits read from a prepared statement. Waits said he and the council sought the law...
  • Chevron Plans to Invest Billions in Permian Basin

    04/26/2016 9:21:08 PM PDT · by Impala64ssa · 13 replies
    CBS7 ^ | 4/26/16 | Alexa Dunson
    PERMIAN BASIN In the midst of a downturn in the oil industry, Chevron is set to invest billions. According to a report by the Hobbs News-Sun, Chevron is planning on bringing massive, billion-dollar oil and gas projects to West Texas and eastern New Mexico. Chevron CEO John Watson announced the company will put more of its budget in the Permian Basin while cutting costs elsewhere. During an annual analyst meeting Watson predicted by 2020 Chevron could pump 350,000 barrels a day in West Texas which is almost triple their current 125,000 barrels a day.
  • SF could ban business with firms in states hostile to LGBT rights

    04/26/2016 7:07:20 PM PDT · by artichokegrower · 22 replies
    San Francisco Chronicle ^ | April 26, 2016 | Emily Green
    San Francisco would have to stop entering into contracts with companies based in states that bar civil-rights protections for lesbian, gay, bisexual and transgender people under legislation introduced Tuesday at the Board of Supervisors. The proposed ordinance, by Supervisor Scott Wiener, is another effort to increase pressure on North Carolina and Mississippi to rescind recently enacted laws to limit transgender rights.
  • Congressmen Question FDA on Loosening of Abortion-Inducing Drug Standards

    04/26/2016 8:40:02 PM PDT · by Olog-hai · 2 replies
    Cybercast News Service ^ | April 26, 2016 | 4:53 PM EDT | Lauretta Brown
    Rep. Chris Smith (R-N.J.) and Sen. James Lankford (R-Okla.) sent a letter Monday, together with 73 of their colleagues to Food and Drug Administration (FDA) Commissioner Robert Califf, expressing concern and seeking information regarding the recent loosening of regulation of the abortion-inducing drug Mifeprex or RU-486. The FDA announced a change in their guidelines for Mifeprex in March. The new guidelines reduce the dosage from 600 milligrams to 200 milligrams, decrease the number of required doctor’s visits from three to two, and allow the pill to be taken later in pregnancy, at 10 weeks of pregnancy from 7 weeks. “We...
  • NY judge decides Trump University case going to trial

    04/26/2016 1:01:39 PM PDT · by The_Victor · 82 replies
    FoxNews ^ | 4/26/2016 | NA
    A New York judge decided Tuesday that a fraud case against Donald Trump over his former school for real estate investors will go to trial – raising the possibility that the Republican presidential primary front-runner could testify during campaign season. New York County Supreme Court Judge Cynthia Kern made the decision at a hearing Tuesday, though it remains unclear whether the case will be weighed at a jury trial – which is what Trump’s team is seeking. Trump attorney Jeffrey Goldman said it’s possible the trial could be held this fall, and Trump could testify. In the case, New York...
  • NY judge decides Trump University case going to trial

    04/26/2016 6:44:05 PM PDT · by rmlew · 41 replies
    Fox News ^ | April 26, 2016 | Fox News
    A New York judge decided Tuesday that a fraud case against Donald Trump over his former school for real estate investors will go to trial – raising the possibility that the Republican presidential primary front-runner could testify during campaign season.
  • Hawaii bill bans discrimination against transgender patients

    04/26/2016 6:29:05 PM PDT · by Olog-hai · 28 replies
    Associated Press ^ | Apr 26, 2016 7:48 PM EDT | Cathy Bussewitz
    Insurance companies would not be allowed to discriminate against transgender patients under a bill passed by the Hawaii Legislature. The bill passed Tuesday by the House of Representatives prohibits denying, canceling or limiting coverage based on a person’s gender identity. The bill was already passed by the Senate, so it now goes to Gov. David Ige. Kaleo Ramos, a transgender teacher, says people in Hawaii have been denied coverage for things like mammograms or screenings for prostate cancer because of the gender on their driver’s license. …
  • US Steel files trade complaint against big Chinese producers

    04/26/2016 6:12:24 PM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Apr 26, 2016 7:00 PM EDT
    United States Steel Corp. has filed a complaint with U.S. regulators against the biggest Chinese steel producers, accusing them of conspiring to fix prices, stealing trade secrets and skirting duties on imports in the U.S. with false labeling. The big steelmaker is alleging illegal unfair competition by the Chinese producers and their distributors, and is seeking “the exclusion of all unfairly traded Chinese steel products from the U.S. market.” U.S. Steel announced Tuesday that it lodged the complaint with the U.S. International Trade Commission. Normally the independent federal agency decides within 30 days whether or not to act. The case...
  • Oil Majors Lose Faith In The North Sea – 100 Shut Downs Looming

    04/26/2016 2:02:26 PM PDT · by Lorianne · 3 replies
    Oil Price ^ | 21 April 2016 | Nick Cunningham
    Oil production from the North Sea posted gains in 2015 for the second year in a row, but the recent uptick in output could be a blip in the region’s long-term decline. Oil companies added 160,000 barrels per day last year from North Sea projects in the UK and Norway, according to the IEA. However, those gains came from projects that were planned years ago when oil prices traded above $100 per barrel. With Brent crude declining by more than 60 percent from mid-2014, North Sea oil producers have slashed spending, scrapped projects and are looking to sell off assets....
  • The Working-Class Meltdown

    04/26/2016 10:49:56 AM PDT · by detective · 34 replies
    National Review ^ | April 26, 2016 | Rich Lowry
    During an era of headline-grabbing advances in medicine, the United States is experiencing a health cataclysm. The latest straw in the wind is last week’s report from the Centers for Disease Control and Prevention showing that life expectancy for white women declined slightly from 2013 to 2014.
  • Target: Men in Girls’ Restrooms Okay, Armed Law-Abiding Citizens Not Okay

    04/26/2016 10:49:07 AM PDT · by rktman · 46 replies
    breitbart.com ^ | 4/25/2016 | AWR Hawkins
    Target allows men to use the same restrooms as ten-year-old girls and has made it clear that it would prefer law-abiding citizens to enter its stores unarmed. On April 20, Breitbart News reported that Target released a statement in which they equated opening girls’ restrooms to men as part of “equality.” The statement said, “Inclusivity is a core belief at Target. It’s something we celebrate. We stand for equality and equity, and strive to make our guests and team members feel accepted, respected and welcomed in our stores and workplaces every day.”
  • Stossel: I have lung cancer. My medical care is excellent but the customer

    04/26/2016 10:27:40 AM PDT · by beaversmom · 84 replies
    Fox News ^ | April 20, 2016 | John Stossel
    Stossel: I have lung cancer. My medical care is excellent but the customer service stinks By John Stossel Published April 20, 2016 I write this from the hospital. Seems I have lung cancer. My doctors tell me my growth was caught early and I'll be fine. Soon I will barely notice that a fifth of my lung is gone. I believe them. After all, I'm at New York-Presbyterian Hospital. U.S. News & World Report ranked it No. 1 in New York. I get excellent medical care here. But as a consumer reporter, I have to say, the hospital's customer service...
  • Poll: 72% of Americans do not support lawsuits against gun manufacturers

    04/26/2016 9:55:00 AM PDT · by rktman · 20 replies
    hotair.com ^ | 4/26/2016 | Jazz Shaw
    The issue of nuisance lawsuits against gun manufacturers has moved well beyond the courtroom drama playing out with the Sandy Hook families. Bernie Sanders has managed to drive Hillary Clinton further to the left as she seeks lines of attack against the Vermont Senator, coaxing her into calling for the repeal of the Protection of Lawful Commerce in Arms Act (PLCAA) in recent campaign stops. That may serve her purposes in the primary, but how well does such a position play nationally as we look forward to the general election in November? A new survey conducted by Harper Polling indicates...
  • Ryan: GOP can’t be seen as ‘opposition party’

    04/26/2016 9:43:41 AM PDT · by Olog-hai · 51 replies
    AP via PBS Newshour ^ | April 26, 2016 at 9:28 AM EDT
    House Speaker Paul Ryan concedes the “five-point” Republican legislative agenda he’s pursuing in Congress could be construed as competing with policy points the GOP presidential candidates are pushing in the primary season. But he argues that the party shouldn’t wait until its nominating convention in July to tell the public its priorities, including lowering the national debt, strengthening the military and easing government regulation of business. […] … Ryan adds that the GOP needs “a transition from being an opposition party to being a proposition party.” …
  • Gallup: Americans Who Identify as 'Environmentalists' Down 36 Points Since 1991(RuhRoh!)

    04/26/2016 9:43:31 AM PDT · by rktman · 11 replies
    cnsnews.com ^ | 4/26/2016 | unknown
    A Gallup poll [1]released on Friday shows that the number of Americans who identify as environmentalists has dropped 36 points, from 78 percent in 1991 to 42 percent in 2016. There has also been a decline in Americans expressing concern about environmental problems, such as pollution. The Earth Day poll [1] is conducted annually by Gallup. The polling firm cites the politicization of environmental issues as one possible reason for the decline, highlighting the growing partisan gap in those who identify as environmentalists. A large percentage of Americans (Republicans and Democrats) – 78 percent – considered themselves environmentalists in 1991....
  • Chinese company to build $1 billion mill in south Arkansas

    04/26/2016 9:26:34 AM PDT · by rickmichaels · 29 replies
    680 News ^ | April 26, 2016 | AP
    LITTLE ROCK, Ark. – The Chinese company Sun Paper announced plans Tuesday for a $1 billion bio-products mill in southern Arkansas, the paper company’s first facility in North America. Sun Paper officials were joined by Arkansas Gov. Asa Hutchinson to announce the project. Hutchinson said the project will create 250 jobs and is one of the largest private investments in Arkansas’ history. Based in Shandong Province, Sun Paper employs 10,000 people worldwide and is China’s largest privately owned paper-making enterprise, according to the company’s website. The new plant will built about 65 miles southwest of Little Rock in the city...
  • Rise in carbon emissions has led to massive increase in trees and plants

    04/26/2016 6:25:28 AM PDT · by rktman · 34 replies
    americanthinker.com ^ | 4/26/2016 | Rick Moran
    If all the extra leaves that are growing because of increased CO2 in the atmosphere were laid end to end, it would cover a space twice the size of the continental US. That's the conclusion of a new study conducted by 32of scientists and i24 nstitutions. BBC: Climate sceptics argue the findings show that the extra CO2 is actually benefiting the planet. But the researchers say the fertilisation effect diminishes over time. They warn the positives of CO2 are likely to be outweighed by the negatives.