Business/Economy (News/Activism)

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  • China Steals $600 Billion of American IP Yearly: Trump's Tariffs Can Stop Them

    09/25/2018 10:27:50 AM PDT · by Thalean · 1 replies
    Daily Caller ^ | September 24, 2018 | Spencer Morrison
    “Consumers are paying the price” for President Trump’s tariffs, CNN claims. Millions will feel the pinch; many thousands will lose their jobs. What CNN fails to mention is that millions of Americans already feel the pinch, and millions more have already lost their jobs. Why? Chinese consumers won’t pay the price for American exports: China steals up to $600 billion in American intellectual property (IP) every year. Trump understands that tariffs are a powerful political tool that can — and should — be used to force China to pay for their crimes. Most Americans have only a fuzzy understanding of...
  • Why Trump's Tariffs Won't Cost Consumers a Nickel

    09/25/2018 9:29:11 AM PDT · by MaxistheBest · 19 replies
    Real Clear Politics ^ | 09/25/2018 | Curtis Ellis
    Past administrations have called out China for violating the internationally agreed-upon rules of trade for decades. After countless high-level talks, admonitions and appeals, China did nothing to change its cheating ways. President Trump has dispensed with the talk and taken action, slapping tariffs on billions of dollars of goods China exports to the United States at artificially low prices. Naysayers predicted the president’s tariffs would tank the stock market and drag down the economy. But the Dow is posting record gains, unemployment is at a 49-year low and the economy remains strong. The forecasters are at a loss to explain...
  • Consumer confidence hits 138.4 in September, vs. 132 estimate

    09/25/2018 7:30:27 AM PDT · by Hojczyk · 7 replies
    CNBC ^ | September 25, 2018 6:00 AM | Fred Imbert
    September's index print is near the all-time high of 144.7 reached in 2000, the Conference Board said Tuesday. "These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season," says Lynn Franco, director of economic indicators at the Conference Board. Consumer confidence rose in September, notching its highest level in about 18 years. The Consumer Board's index rose to 138.4 this month from 134.7 in August. Economists polled by Reuters expected consumer confidence to dip to 132. "Consumers' assessment of current conditions remains...
  • Republican Party Favorability Highest in Seven Years

    09/25/2018 6:34:23 AM PDT · by ChicagoConservative27 · 15 replies
    Gallop ^ | 09/24/2018 | Jim Norman
    WASHINGTON, D.C. -- Forty-five percent of Americans now have a favorable view of the Republican Party, a nine-point gain from last September's 36%. It is the party's most positive image since it registered 47% in January 2011, shortly after taking control of the House in the 2010 midterm elections. Forty-four percent give the Democratic Party a favorable rating. The parity in Republicans' and Democrats' favorable ratings marks a change from what has generally been the case since Barack Obama's election as president in November 2008. Republicans have usually been rated less positively than Democrats over this time, with the Republican...
  • US will be forced to back down in trade war against China [barf alert]

    09/24/2018 10:27:23 PM PDT · by Olog-hai · 34 replies
    Irish Examiner ^ | uesday, September 25, 2018 - 12:00 AM | Anatole Kaletsky
    The United States cannot win its tariff war with China, regardless of what President Donald Trump says or does in the coming months. Trump believes he has the upper hand in this conflict because the US economy is so strong, and also because politicians of both parties support the strategic objective of thwarting China’s rise and preserving US global dominance. But, ironically, this apparent strength is Trump’s fatal weakness. By applying the martial arts principle of turning an opponent’s strength against him, China should easily win the tariff contest, or at least fight Trump to a draw. […] In handicapping...
  • Ron Paul: New Tax Plan Makes It Easier to 'Ed-exit'

    09/24/2018 7:16:52 PM PDT · by SeekAndFind · 6 replies
    This week the House of Representatives will vote on a package of bills making the temporary tax cuts contained in last year’s tax reform bill permanent and making additional tax law changes. The bills will likely pass in the House, but will almost certainly be filibustered in the Senate if the Senate leadership tries to bring them to the floor. The GOP tax plan does offset some of the damage caused by federal control of education by making it easier for parents to escape failing government schools or “edexit.” It accomplishes this by allowing money saved in a tax-free 529...
  • Boeing wins $2.4 billion contract to replace Air Force's aging iconic Huey choppers (abbr,)

    09/24/2018 7:15:26 PM PDT · by ConservativeStatement · 32 replies
    CNBC ^ | Sept. 24, 2018 | Amanda Macias |
    WASHINGTON —The U.S. Air Force has selected Boeing to replace the service's aging fleet of UH-1N Iroquois helicopters, which are currently tasked with security missions as well as protecting America's nuclear missile arsenal. The long-awaited Pentagon contract is worth $2.4 billion for up to 84 aircraft. The service awarded Boeing approximately $375 million for the first four helicopters on Monday.
  • U.S. Urged to Rapidly Prepare for Electromagnetic Pulse Attack

    09/24/2018 5:09:22 PM PDT · by upchuck · 81 replies
    Free Beacon ^ | Seep 24, 2018 | Bill Gertz
    The United States is vulnerable to a devastating electromagnetic pulse event caused by a high-altitude nuclear blast or solar superstorm, according to a recently published book. Peter Pry, a former CIA analyst and author of the book EMP Manhattan Project, is urging the government to rapidly harden the U.S. electric power system against EMP similar to the three-year crash program to build the first atomic bomb in 1942. "Today the United States and the world faces another existential threat—from an electromagnetic pulse (EMP) catastrophe that can be caused by nature or man, and topple the technological pillars of modern electronic...
  • Bipartisan Furor as North Carolina Election Law Shrinks Early Voting Locations by Almost 20 Percent

    09/24/2018 11:59:39 AM PDT · by Red Badger · 13 replies
    www.propublica.org ^ | 09/24/2018 | by Blake Paterson
    Nearly half of the state’s counties are shutting down polling places, in part because of a law passed in June. In June, the North Carolina General Assembly passed legislation mandating that all early voting sites in the state remain open for uniform hours on weekdays from 7 a.m. to 7 p.m., a move supporters argued would reduce confusion and ultimately make early voting easier and more accessible. But with the start of early voting only weeks away, county election officials across the state — who previously had control over setting polling hours in their jurisdictions — say the new law...
  • News Site to Investigate Big Tech, Helped by Craigslist Founder

    09/24/2018 11:40:28 AM PDT · by Red Badger · 6 replies
    www.wral.com ^ | 09/23/2018 | By Nellie Bowles
    When investigative journalist Julia Angwin worked for ProPublica, the nonprofit news organization became known as “big tech’s scariest watchdog.” By partnering with programmers and data scientists, Angwin pioneered the work of studying big tech’s algorithms — the secret codes that have an enormous effect on everyday American life. Her findings shed light on how companies like Facebook were creating tools that could be used to promote racial bias, fraudulent schemes and extremist content. Now, with a $20 million gift from Craigslist founder Craig Newmark, she and her partner at ProPublica, data journalist Jeff Larson, are starting The Markup, a news...
  • British Prime Minister Theresa May says she trusts President Trump

    09/24/2018 10:53:42 AM PDT · by 2ndDivisionVet · 9 replies
    CBS News ^ | September 24, 2018
    President Trump and British Prime Minister Theresa May will be among more than 130 world leaders expected for meetings at the United Nations General Assembly this week. May will raise important global issues, including the Iran nuclear deal and the use of chemical weapons by Russia. Britain accuses Russia of poisoning four people in Salisbury, England. "CBS This Morning" co-host John Dickerson visited the prime minister's official residence at 10 Downing Street in London for her only interview ahead of the U.N. General Assembly. May told Dickerson that she trusts Mr. Trump and believes Iran is holding up its end...
  • Disney forced to re-draw its first black princess after campaigners claimed ...‘whitened’

    09/24/2018 1:37:50 AM PDT · by TigerClaws · 30 replies
    DISNEY has been forced to re-draw its first black princess after campaigners claimed her skin had been “whitened” for her latest film. Princess Tiana became the company’s first black princess when she was created for The Princess and The Frog nine years ago. Fans said that her skin was lighter in a trailer for her latest role in Wreck It Ralph 2 Disney 4 Fans said that her skin was lighter in a trailer for her latest role in Wreck It Ralph 2 But fans awaiting the release of her new movie Wreck It Ralph 2 noticed her skin was...
  • Sandwich Chain Closes Because Customers Can't Stomach That Owner Met Donald Trump

    09/24/2018 1:33:09 AM PDT · by TigerClaws · 18 replies
    Hoagie sandwich chain Taylor Gourmet will close all 19 of its outlets largely due to a decline in sales after its co-founder attended an event last year led by President Donald Trump, according to Washingtonian. A Taylor Gourmet spokesperson confirmed the closures in the article. Seventeen locations are in D.C. and surrounding areas and two more are in Chicago. Fortune was unable to reach Taylor Gourmet for comment. While real estate costs, rapid expansion, and competition may have been factors, Washingtonian cites several company insiders who noted that sales dropped after co-founder Casey Patten was photographed with Trump. One said...
  • Rise of the Rest in Appalachia

    09/23/2018 9:17:53 PM PDT · by 2ndDivisionVet · 12 replies
    The Carthage Standard ^ | September 19, 2018 | Salena Zito
    PIKEVILLE, Ky. — On Election Day 2016, Jonathan Webb found himself on a lavish cruise liner with America‘s elite, gliding along the Atlantic outside of Miami. Eric Schmidt, executive chairman of Google, was there, and so were Quentin Tarantino, Erin Brockovich, TV legend Norman Lear and singer will.i.am. Celebrity chefs were stationed at different eateries; yoga gurus offered spiritual talks and meditations. Webb, who was working with the Obama White House at the time, was used to being in rarefied company. But still, he found the experience surreal — and it was about to get even weirder. On TV screens...
  • Linux developers threaten to pull “kill switch”

    09/23/2018 2:55:41 PM PDT · by tbw2 · 58 replies
    Lulz.com ^ | 09/21/2018
    Most of the internet could be affected as some Linux devs threaten to rescind code in response to CoC controversy.
  • Sandwich Chain Closes Because Customers Can't Stomach That Owner Met Donald Trump

    Hoagie sandwich chain Taylor Gourmet will close all 19 of its outlets largely due to a decline in sales after its co-founder attended an event last year led by President Donald Trump, according to Washingtonian.
  • City may have to pay out $1.7B over biased teaching exam

    09/23/2018 10:29:56 AM PDT · by dennisw · 20 replies
    NY POST ^ | 9 4 20119 | S Algar
    Taxpayers shelled out $98 million over a discriminatory FDNY screening test just four years ago — but that’s pocket change compared to the $1.7 billion the city may now have to pay out over a biased teaching exam, The Post has learned. Legal papers quietly filed over the summer reveal that a court-appointed special master has recommended paying a total of $91.6 million in damages to just 219 of the plaintiffs in a long-running class-action suit against the former Board of Education — now the Department of Education — over a racially biased certification exam. Approximately 4,000 people are eligible...
  • In a rebuke to Trump, ...Brown signs bans on short-term health plans, Medi-Cal work requirements

    09/23/2018 10:18:37 AM PDT · by BenLurkin · 24 replies
    L A Times ^ | Melanie Mason and John Myers
    As a left-leaning state that has embraced the expansion of Medicaid under the Affordable Care Act, California is unlikely to pursue work requirements for that program. But with the Trump administration backing efforts by a handful of states to impose such requirements, backers of the measure said it was important to enshrine in state law that California would not do the same. Critics have said that work requirements will limit the care of those unable to work, including those with chronic physical ailments, mental illness or substance abuse problems. Four states have already taken action to move toward work mandates,...
  • Democrats opposed to Pelosi lack challenger to topple her

    09/23/2018 3:49:58 AM PDT · by yoe · 14 replies
    The Hill ^ | September 22, 2018 | Mike Lillis
    Democratic insurgents hoping to topple House Minority Leader Nancy Pelosi (D-Calif.) lack a key ingredient in their master plan: a formidable challenger. Pelosi’s detractors have argued for years that Democrats need an image overhaul by empowering newer members at the very top of the party. But they suffered a big setback when Rep. Joseph Crowley (D-N.Y.), thought by many to be Pelosi’s heir apparent, was unseated himself in an astonishing primary defeat earlier this year.
  • Colin Kaepernick is Nike's $6 billion man

    09/23/2018 12:19:01 AM PDT · by vannrox · 20 replies
    CBS news ^ | 23SEp18 | kate Gibson
    The heat Nike has taken over its controversial advertising campaign featuring former NFL start Colin Kaepernick seems to have had another effect: burnishing the iconic brand's appeal to investors. Nike shares have surged 36 percent on the year, making the company the top performer on the Dow's index of 30 blue-chip stocks. The run-up includes a nearly 5 percent increase since Nike's Labor Day announcement that Kaepernick would be featured in its campaign, adding nearly $6 billion to the company's market value. The stock continues to hover near an all-time high, which it reached in mid-September only weeks after some...