Business/Economy (News/Activism)

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  • Banks: Credit Card Breach at Home Depot

    09/02/2014 2:19:02 PM PDT · by BlueMondaySkipper · 20 replies
    Krebs On Security ^ | September 2, 2014 | Brian Krebs
    Multiple banks say they are seeing evidence that Home Depot stores may be the source of a massive new batch of stolen credit and debit cards that went on sale this morning in the cybercrime underground. Home Depot says that it is working with banks and law enforcement agencies to investigate reports of suspicious activity.
  • Feds Punish Business For Engaging In ‘Citizenship-Discrimination’

    09/02/2014 1:27:33 PM PDT · by Zakeet · 56 replies
    Daily Caller ^ | September 2, 2014 | Rachel Stoltzfoos
    A Texas catering business will pay the United States $26,400 for engaging in “citizenship-discrimination,” as part of a settlement with the Justice Department announced Tuesday. Culinaire International unlawfully discriminated against employees based on their citizenship status, the Justice Department claimed, because it required non-citizen employees to provide extra proof of their right to work in the United States. Culinaire has agreed to pay the United States $20,460 in civil penalties, receive training in anti-discrimination rules of the Immigration and Nationality Act, revise its work eligibility verification process, and create a $40,000 back pay fund for “potential economic victims.”
  • 1 in 6 California construction workers labors in shadows, study finds (illegals now "informal")

    09/02/2014 12:45:05 PM PDT · by TigerClaws · 33 replies
    Informal workers are growing part of California’s economy — a shift keenly felt in the construction industry, where 1 in 6 workers is either off the books or misreported, new research has found. Construction businesses in the state employ roughly 895,000 workers, according to a report by downtown Los Angeles research group Economic Roundtable that was released Sunday. In 2011, 143,900 of those workers labored unofficially.
  • 5 Feminist Myths That Will Not Die

    09/02/2014 12:43:43 PM PDT · by Mrs. Don-o · 27 replies
    Time ^ | September 2, 2014 | Christina Hoff Sommers
    If we're genuinely committed to improving the circumstances of women, we need to get the facts straight Much of what we hear about the plight of American women is false. Some faux facts have been repeated so often they are almost beyond the reach of critical analysis. Though they are baseless, these canards have become the foundation of Congressional debates, the inspiration for new legislation and the focus of college programs. Here are five of the most popular myths that should be rejected by all who are genuinely committed to improving the circumstances of women: More Where Are All the...
  • Centerplate CEO Resigns in Response to Dog Abuse Video

    09/02/2014 11:46:35 AM PDT · by nickcarraway · 11 replies
    NBC San Diego ^ | Sep 02, 2014
    Centerplate’s board of directors announced today that Chris Verros has been appointed to the role of acting president and chief executive officer, effective immediately, following the resignation of Desmond Hague from the company. The decision comes as a result of Hague’s personal misconduct involving the mistreatment of an animal in his care. “We want to reiterate that we do not condone nor would we ever overlook the abuse of animals,” said Joe O’Donnell, chairman of the board of directors for Centerplate. “Following an extended review of the incident involving Mr. Hague, I’d like to apologize for the distress that this...
  • US manufacturing grows at fastest pace in 3 1/2 years

    09/02/2014 11:41:01 AM PDT · by SeekAndFind · 23 replies
    SFGate ^ | 09/02/2014 | By CHRISTOPHER S. RUGABER
    WASHINGTON (AP) — U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose. The Institute for Supply Management's manufacturing index rose to 59 from 57.1 in July, the ISM said Tuesday. That was the highest reading since March 2011. Any measure above 50 signals that manufacturing is growing. Tuesday's ISM report coincides with other signs that manufacturing is helping drive the U.S. economy's improvement. Factories are benefiting from strong demand for aircraft, furniture, and steel and other metals. The boost from manufacturing has helped offset slower...
  • It's no longer safe to recline your airplane seat

    09/02/2014 11:35:45 AM PDT · by EveningStar · 44 replies
    AP via Yahoo ^ | September 2, 2014 | Scott Mayerowitz
    Squeezed into tighter and tighter spaces, airline passengers appear to be rebelling, taking their frustrations out on other fliers. Three U.S. flights made unscheduled landings in the past eight days after passengers got into fights over the ability to recline their seats. Disputes over a tiny bit of personal space might seem petty, but for passengers whose knees are already banging into tray tables, every inch counts.
  • Lost in America: Visa Program Struggles to Track Missing Foreign Students

    09/02/2014 11:13:25 AM PDT · by Steelfish · 11 replies
    ABC News ^ | September 2, 2014 | BRIAN ROSS and MATTHEW MOSK
    Lost in America: Visa Program Struggles to Track Missing Foreign Students Sep 2, 2014 By BRIAN ROSS and MATTHEW MOSK Homeland Security has lost track of more than 6,000 foreign nationals who entered the United States on student visas, overstayed their welcome, and essentially vanished -- exploiting a security gap that was supposed to be fixed after the Sept. 11, 2001 terror attacks. "My greatest concern is that they could be doing anything," said Peter Edge, the U.S. Immigration and Customs Enforcement official who oversees investigations into visa violators. "Some of them could be here to do us harm." Homeland...
  • Feds approve Corbett's Pa. Medicaid expansion proposal

    09/02/2014 9:56:07 AM PDT · by Timber Rattler · 6 replies
    Philly.vom ^ | August 30, 2014 | Amy Worden
    Ending a yearlong negotiation, the Obama administration on Thursday approved Gov. Corbett's alternative Medicaid expansion proposal, a step that could extend health-care benefits to roughly 600,000 uninsured Pennsylvanians. In what was described as a five-year demonstration project, Pennsylvania got the go-ahead to use federal money to pay private insurers to provide health care to uninsured individuals - many in low-wage jobs. The Obama administration praised Pennsylvania for joining other states that opted into the program under the Affordable Care Act. Corbett administration officials called the agreement a successful compromise.
  • The Punitive Economic Cost of Class-Warfare Taxation

    09/02/2014 9:14:14 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | September 2, 2014 | Daniel J. Mitchell
    IÂ’ve already shared a bunch of data and evidence on the importance of low tax rates.A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth.An economist from Cornell found lower tax rates boost GDP.Other economists found lower tax rates boost job creation, savings, and output.Even economists at the Paris-based OECD have determined that high tax rates undermine economic performance.And itÂ’s become apparent, with even the New York Times taking notice, that high tax rates drive away high-achieving people.WeÂ’re going to augment this list with some additional...
  • Joe Biden Declares war on Prosperity While in Detroit

    09/02/2014 8:37:53 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 2, 2014 | Michael Schaus
    Apparently the White House decided to let Joe Biden out of his padded room for the long weekend. The incorrigible gaff machine was spotted in Detroit, speaking to labor unions, liberal activists, and Democrat campaigners in what used to be Tiger Stadium. Amazingly Biden managed to navigate himself through his remarks without any painfully obvious “foot-in-mouth” moment… Well, at least not anything worse than normal Democrat talking points; but those were probably intentional.Standing among the ruins that were once a shining example of American prosperity, the Vice President championed the values of organized labor and liberal economic policies. (Ya know…...
  • Who is Rand Paul?

    09/02/2014 8:29:50 AM PDT · by Kaslin · 24 replies
    Townhall.com ^ | September 2, 2014 | Ralph Benko
    For starters, Rand is short for Randal, not an allusion to Ayn Rand, after whom Sen. Paul was not named by his libertarian (not Objectivist) father Ron Paul. Reportedly, growing up he was called Randy … until his wife shortened the diminutive to Rand.Washington, ordinarily, is committed to maintaining the status quo or making, at best, incremental changes. As we struggle with the political consequences of the end of an era of all-out war the old political status quo is ripe for transformation.Paul shows signs of being the key transformational figure. If he himself understands the depth of this proposition he...
  • Europe Moves Closer to Another Recession

    09/02/2014 8:18:34 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | September 2, 2014 | Mike Shedlock
    The Markit Eurozone Manufacturing final data shows Eurozone Manufacturing PMI at 13-month low in August. The rate of expansion in eurozone manufacturing production eased to its lowest during the current 14-month growth sequence in August, as companies faced slower increases in both total new orders and new export business. The final seasonally adjusted Markit Eurozone Manufacturing PMI® posted 50.7 in August, down from 51.8 in July, its lowest reading since July last year. The headline PMI was also below its earlier flash estimate of 50.8. National PMI data signalled a broad easing in the manufacturing recoveries underwa y across much...
  • Obama on GOP: ‘We’ll Break Those Folks Down… That’s How I Got Michelle to Marry Me’

    09/02/2014 7:05:47 AM PDT · by mandaladon · 33 replies
    Mediaite ^ | 2 Sep 2014 | Eddie Scarry
    In remarks on the U.S. economy Monday, President Barack Obama said Congressional Republicans will eventually cave to public pressure to raise the federal minimum wage. Obama was speaking at the Laborfest festival hosted by the AFL-CIO in Milwaukee, Wis. “If I cared about these things, I’d also want more Democrats looking out for me,” he said. “I’m just saying. Because when the rest of the country is working to raise wages, but Republicans in Congress won’t, it ain’t right.” ADVERTISEMENT Noting the protests in recent months from fast food workers seeking higher wages, Obama said Republicans would open up to...
  • Eric Cantor Just Got A Job At A Wall Street Bank — Here Are The Details Of His $3.4 Million Pay Pack

    09/02/2014 6:55:52 AM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 09/02/2014 | Joe Weisenthal
    Late Monday night it was reported that former House Majority Leader Eric Cantor would take a job at investment bank Moelis.The news has already prompted the predictable eye-rolling about the "revolving door." And to the Tea Partiers who ousted Cantor in a primary earlier this year, the news that he is going to Wall Street is vindication that he was never a populist like them.But anyway, Moelis has put in a filing with the SEC, detailing his pay package (Via Erik Schatzker).From the filing:Group LP has agreed to pay Mr. Cantor an annual base salary of $400,000. Group LP has...
  • How to Beat an Evil Empire: Just Do It

    09/02/2014 6:33:13 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | September 2, 2014 | John Ransom
    As NATO meets to develop a new strategy to follow up with their Obama-led non-strategy on Russia, perhaps they should ponder what the old, successful strategy with Russia was that served NATO so well. “On the one hand,” said the blueprint that helped beat back the Russian threat during the Cold War, NSC 68, “the people of the world yearn for relief from the anxiety arising from the risk of… war. On the other hand, any substantial further extension of the area under the domination of the Kremlin would raise the possibility that no coalition adequate to confront the Kremlin...
  • Civil Disobedience Expected In Fast Food Pay Fight

    09/02/2014 6:22:58 AM PDT · by Biggirl · 37 replies
    Associated Press ^ | September 2,2014 | Candice Choi
    NEW YORK (AP) -- McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.
  • Improving economy won't help Dems

    09/02/2014 5:37:36 AM PDT · by SeekAndFind · 15 replies
    American Thinker ^ | 09/02/2014 | Rick Moran
    Vulnerable Democrats casting about desperately for a boost to their campaigns won't be able to use a slightly improving economy as a lifeline, according to several recent polls.The fact is, voters don't care about the raw economic numbers - not when their personal financial situation is still bad. The Hill: But with just a handful of big economic reports left before Election Day, the economic picture is largely in place. And while the outlook is bright, voters continue to hold a dim view of their own financial prospects.  “There are still a lot of families playing catch-up,” said Jared Bernstein...
  • Oil tanker 'vanishes' with $100M cargo off Texas

    09/02/2014 4:29:12 AM PDT · by Enlightened1 · 54 replies
    WFAA ^ | 08/31/14 | Neal Colgrass
    The U.S. Coast Guard has lost track of a Kurdish tanker carrying $100 million in disputed oil off the coast of Texas, the Independent reports. Headed for Galveston, the United Kalavyrvta was anchored at least 60 miles off-shore when it vanished from radar screens. The ship's haul fell under legal dispute when Iraq filed a lawsuit in U.S. courts, urging American officials to grab the ship's oil in Galveston because it belongs to Iraq, not the Kurdish National Government.
  • Regulators Aid Union Effort to Kill Franchising

    09/02/2014 2:47:51 AM PDT · by markomalley · 14 replies
    Washington Free Beacon ^ | 9/2/2014 | Bill McMorris
    Several key Labor Department regulators participated in a liberal conference focused on unionizing subcontractors and franchise employees.Department of Labor Wage and Hour Division Administrator David Weil delivered opening remarks to a room full of union organizers and activists from the National Employment Law Project, a pro-union group partnered with the liberal millionaires and billionaires from the Democracy Alliance, in May.“I view my task as helping to work with the people in the agency and in concert with worker advocates,” he said.Weil told the gathering that the department has “undertaken a bunch of specific initiatives in particular industries,” in order to...
  • Detroit’s historic bankruptcy trial to begin

    09/02/2014 1:37:42 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Sep 2, 2014 2:05 AM EDT | Corey Williams
    Lawyers for Detroit will attempt to convince a federal judge at the city’s bankruptcy trial that its plans to wipe out billions of dollars in debt should be approved. After some delays, the start of the trial Tuesday in U.S. District Court comes just over 13 months after Detroit became the largest U.S. city to file for bankruptcy. Detroit expects to cut $12 billion in unsecured debt to about $5 billion, which is “more manageable,” according to Bill Nowling, a spokesman for emergency manager Kevyn Orr. …
  • Discarded Children Still Bring in Subsidy Checks for the Adoptive Parents Who Tossed Them Aside

    09/02/2014 12:03:54 AM PDT · by nickcarraway · 17 replies
    New York Daily News ^ | Tuesday, September 2, 2014 | Nick Nehamas
    Hundreds of adoptive parents in New York City who've sent their children to live elsewhere continue to get monthly government subsidies of up to $1,700 per child. They can continue receiving the checks until the child turns 21 years old.They gave up on their “hard-to-place" adopted kids — but not on the government check intended for the discarded kids’ care. Hundreds of adoptive parents across the five boroughs who've sent their children to live elsewhere are continuing to pull in monthly checks of up to $1,700 per child while the city, state and feds look the other way, the Daily...
  • Obama: 'Revving' up economy calls for higher wages

    09/01/2014 4:33:41 PM PDT · by Eleutheria5 · 2 replies
    AOL News ^ | 1/9/14 | Jim Kuhnhen
    MILWAUKEE (AP) - President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy's "revving" performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections. "America deserves a raise," he told a union crowd in Milwaukee, vowing to keep a hard sell on Congress in much the way he once courted his wife. "I just wore her down," he cracked. Timing his push to Labor Day, the traditional start of the autumn campaign, Obama aggressively drew attention to recent economic gains, setting aside past caution...
  • Obama: ‘Revving’ economy calls for higher wages

    09/01/2014 3:11:32 PM PDT · by Olog-hai · 88 replies
    Associated Press ^ | Sep 1, 2014 4:50 PM EDT | Jim Kuhnhenn
    President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy’s “revving” performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections. “America deserves a raise,” he told a union crowd in Milwaukee, vowing to keep a hard sell on Congress in much the way he once courted his wife. “I just wore her down,” he cracked. Timing his push to Labor Day, the traditional start of the autumn campaign, Obama aggressively drew attention to recent economic gains, setting aside past caution on that subject....
  • At Labor Day Event, Obama Pushes GOP To Raise Minimum Wage [ACORN's Agenda]

    09/01/2014 2:57:18 PM PDT · by Steelfish · 18 replies
    CBSNews ^ | September 1, 2014 | REBECCA KAPLAN
    By REBECCA KAPLAN CBS NEWS September 1, 2014 At Labor Day Event, Obama Pushes GOP To Raise Minimum Wage In the spirit of Labor Day, Obama promotes boosting minimum wage President Obama used a Labor Day event to tout economic gains and chide Republicans for not joining him in promoting policies he says will help working Americans, his latest push on a campaign-year issues that Democrats hope will boost their support at the polls this fall. Mr. Obama traveled to Milwaukee, Wisconsin Monday to speak at Laborfest, an event he visited in 2008 during his first presidential campaign. Despite a...
  • Cameron: we will permanently damage Russia's economy

    09/01/2014 1:12:33 PM PDT · by Tailgunner Joe · 81 replies
    telegraph.co.uk ^ | September 1, 2014 | Matthew Holehouse
    David Cameron has vowed to “turn the ratchet” on Vladimir Putin, as he warned Western sanctions would “permanently” damage the Russian economy. Moscow banks are running short of funding as investors pull capital out the country, while the rouble and the Russian stock market are falling, the Prime Minister said. He was speaking ahead of a Nato summit in Wales which will discuss Ukrainian membership of the military alliance. Addressing the Commons, the Prime Minister said Britain would face the “grave danger” posed by Russian aggression in eastern Ukraine with “reliance and resolve”. On Saturday, European leaders gave Russia a...
  • Obama looks to skip Senate on new UN climate change deal

    09/01/2014 12:18:35 PM PDT · by Enlightened1 · 23 replies
    The Hill ^ | 08/27/14 | Jesse Byrnes
    President Obama is working to create a new international climate change accord that would get other nations to reduce their carbon emissions, but in a way that would not require the deal to be ratified by the Senate.
  • More Workers Are Claiming ‘Wage Theft’(working for free)

    09/01/2014 9:43:16 AM PDT · by Dallas59 · 44 replies
    NYT ^ | 8/31/2014 | NYT
    MIRA LOMA, Calif. — Week after week, Guadalupe Rangel worked seven days straight, sometimes 11 hours a day, unloading dining room sets, trampolines, television stands and other imports from Asia that would soon be shipped to Walmart stores. Even though he often clocked 70 hours a week at the Schneider warehouse here, he was never paid time-and-a-half overtime, he said. And now, having joined a lawsuit involving hundreds of warehouse workers, Mr. Rangel stands to receive more than $20,000 in back pay as part of a recent $21 million legal settlement with Schneider, a national trucking company.
  • NLRB goes rogue against small business

    09/01/2014 9:55:39 AM PDT · by jazusamo · 11 replies
    The Hill ^ | September 1, 2014 | Rick Manning
    Labor Day provides the opportunity to evaluate those government agencies that impact the workplace, and gauge if they are helping or hurting the employment situation in America. In the six Labor Days since President Obama took office, his appointees have gone to outrageous lengths to compel the 93 percent of the private-sector workforce who don't belong to an organized labor union to become dues-paying members. While the Labor Department and the National Mediation Board have each pushed hard to create rules that overwhelmingly favor union organizers over those employees who oppose unionization, it is the National Labor Relations Board (NLRB)...
  • Eurozone Currency Dispute Intensifies

    09/01/2014 9:40:39 AM PDT · by Kaslin
    Townhall.com ^ | September 1, 2014 | Mike Shedlock
    The currency and fiscal battleground front lines in Europe remains the same. France wants QE, fiscal stimulus, and more leeway on meeting fiscal deficit targets. Germany doesn't. And the fighting has strengthened. The idea that ECB can produce nirvana by devaluing the euro is ridiculous. Yet, that's the battle cry of the day.
  • Laughing about Corporate Inversions

    09/01/2014 9:35:30 AM PDT · by Kaslin
    Townhall.com ^ | September 1, 2014 | Daniel J. Mitchell
    There’s lot of criticism of the IRS and the tax code on the Internet. Indeed, I like to think I contribute my fair share. But I’m surprised at (what I consider to be be) the limited amount of humor on those topics. As I look through my archives, I can find only a few cartoons about the overall tax code. Regarding tax reform, all I have is this Barack Obama flat tax that I created. Here are a few cartoons about tax policy negotiations. I found a bit more to choose from on the IRS scandal (see here, here, here,...
  • Casino closings threaten Atlantic City: The Fall of a Gambling Mecca

    09/01/2014 8:26:39 AM PDT · by SeekAndFind · 32 replies
    American Thinker ^ | 08/31/2014 | Rick Moran
    Three premier Atlantic City casinos will be closing in the next two weeks with the lost of almost 6,000 jobs. Another casino closed earlier this year, making the total job loss close to 8,000 - one quarter of casino employment in the city.Over the last few years, tax revenue from casinos has fallen precipitously which have led to massive budget problems for the city. The recession is to blame, but Atlantic City's problems go deeper than it being a one industry town. Philly.com: The closing of three casinos, starting with Showboat and Revel this weekend followed by Trump Plaza two...
  • Why I Will Start Social Security At Age 62

    09/01/2014 7:52:57 AM PDT · by shove_it · 127 replies
    SeekingAlpha ^ | 26 Aug 2014 | Robert Allan Schwartz
    Summary When should I start Social Security? How will I receive the highest annual income? How will I receive the highest cumulative income? When will I be able to retire? Every year, more than 2 million people turn 62. Many of those people will wonder, "When should I start receiving Social Security benefits?" The earliest age of eligibility is 62. The benefit increases each year you delay starting, until age 70, after which point there is no additional increase. When should I start - age 62 or age 70? [...]
  • Work's for Squares

    09/01/2014 7:50:52 AM PDT · by reaganaut1 · 5 replies
    Barron's ^ | August 30, 2014 | Gene Epstein
    The job market has made a comeback over the past year, but the American labor force hasn't, and the prospects don't look good. Work seems to be on the wane in the U.S., with worrisome consequences for economic growth. While the unemployment rate slipped to 6.1% in June -- its lowest level in six years -- the percentage of adult American workers who are actually in the workforce is at its lowest level in 36 years, with no rebound in sight. ... WHEN IT COMES TO the millions of people receiving Social Security disability income, however, it is fairly certain...
  • WATCH LIVE: VP Joe Biden speaking in Detroit on Labor Day [Plugs 'n Thugs]

    09/01/2014 7:00:46 AM PDT · by SoFloFreeper · 8 replies
    Fox Detroit ^ | 9/1/14
    .... Biden is scheduled to be in Detroit on Labor Day for the second time in three years. Biden is expected to address the crowd at 9:30 this morning during the annual parade.
  • Obama talks with communists to air radio show

    09/01/2014 6:56:02 AM PDT · by Steve Peacock · 10 replies
    WND ^ | Aug. 30, 2014 | Steve Peacock
    Former enemy could broadcast 'Welcome to America'The Obama administration is looking to negotiate with the Socialist Republic of Vietnam, the government that emerged after a war costing more than 58,000 American lives, to carry a “Welcome to America” radio program over its state radio station, WND has discovered. If the U.S. Broadcasting Board of Governors, or BBG, has its way, its Voice of America program will work in tandem with the Voice of Vietnam, or VOV, to broadcast the 15-minute prime-time radio program Monday through Friday across the communist nation. BBG is looking for a distributor to do its bidding...
  • Maps Reveal EPA Water Grab in Maryland

    09/01/2014 6:22:21 AM PDT · by george76 · 25 replies
    Watchdog Wire ^ | August 28, 2014 | Mark Newgent
    EPA would regulate most Md waters . A new rule proposal by the U.S. Environmental Protection Agency ... The proposed Waters of the United States rule, which would give the EPA jurisdiction over millions of miles of streams across the United States under the Clean Water Act, has generated bipartisan backlash in both chambers of Congress. A letter to the EPA from Democratic and Republican House members stated, “Although your agencies have maintained that the rule is narrow and clarifies CWA jurisdiction, it in face aggressively expands federal authority under the CWA while bypassing Congress and creating unnecessary ambiguity.” The...
  • Mowdown in Motown

    09/01/2014 5:19:03 AM PDT · by Makana · 1 replies
    Wall STreet Journal ^ | August 31, 2014 | Review and Outlook
    Federal Judge Steven Rhodes will begin hearings Tuesday to determine whether Detroit's readjustment plan fulfills the legal and fiscal requirements to exit Chapter 9 bankruptcy. The trial may provide investors a lesson, instructive but painful, in how politics can override law in municipal bankruptcies. Since declaring bankruptcy in July 2013, Detroit has cut deals with nearly all of its major creditors. Workers, retirees and most bondholders this summer voted to accept the plan. Yet Judge Rhodes must still validate that the plan is "fair and equitable" and was proposed in good faith, among other standards of Chapter 9.
  • More Swiss Banks Give Eric Holder One-Finger Salute

    09/01/2014 4:55:28 AM PDT · by Kaslin · 22 replies
    Townhall.com ^ | September 1, 2014 | John Ransom
    More Swiss banks are dropping out of the U.S. banking program that the IRS supposedly uses to prevent American citizens from stashing cash overseas to avoid taxes. Known for 100 years as the original tax haven, free from the prying eyes of governments around the world, Swiss banks have provided banking services that guaranteed anonymity to arms dealers, Nazis, and law-abiding Americans alike.Offshore banks, especially Swiss banks, are not generally used to evade taxes however. The government already has enforcement mechanisms in place to prevent tax evasion by the use of offshore banks by American citizens. No smart rich person,...
  • Japan rolls out campaign to stockpile toilet paper

    09/01/2014 1:05:38 AM PDT · by Olog-hai · 26 replies
    Associated Press ^ | Sep 1, 2014 3:51 AM EDT | Mari Yamaguchi
    A message Japan began delivering Monday is a bit unusual, but true enough: Don’t wait until it’s too late to think about toilet paper. The government and paper companies kicked off a “Let’s stockpile toilet paper!” campaign to mark Disaster Prevention Day, warning of a possible crisis because nearly half of the supply comes from one of Japan’s most earthquake-prone areas. Officials said people immediately think of food and water as emergency supplies, but easily forget toilet paper, and get desperate when it’s too late. …
  • Kirk Sorensen: An Update On The Thorium Story China sprints while the West slumbers

    08/31/2014 9:20:43 PM PDT · by ckilmer · 2 replies
    peakprosperity ^ | Sunday, August 31, 2014, 11:54 AM | Adam Taggart
    Home Podcast   concept w/Shutterstock iTunes | Download | Report Problem Kirk Sorensen: An Update On The Thorium Story China sprints while the West slumbers by Adam Taggart Sunday, August 31, 2014, 11:54 AM   Two years ago, we interviewed Kirk Sorensen about the potential for thorium to offer humanity a safe, cheap and abundant source of energy.He is an active advocate for developing liquid fluoride thorium reactor (LFTR) technology, the details of which were covered in our earlier podcast: A Detailed Exploration of Thorium's Potential As An Energy Source. That interview concluded with Kirk's observation that the West...
  • Indian-Americans Pay A Price For Running Convenience Stores (Diaspora Feature)

    08/31/2014 8:55:30 PM PDT · by 2ndDivisionVet · 25 replies
    Silicon India News ^ | August 31, 2014
    Back in 2006, Joe Biden, then a Senate candidate ran into trouble for a remark that "you cannot go to a 7-Eleven or a Dunkin' Donuts unless you have a slight Indian accent." Gaffe-prone Biden got away by explaining that it wasn't a racial slur but "was meant as a compliment" for the "vibrant Indian-American community" making "a significant contribution to the national economy as well." A spin or not, Biden who went on become vice president in 2008, was speaking a home truth as according to the Asian-American Convenience Store Owners Association its 50,000 members own over 80,000 convenience...
  • Corporations Join Droves Renouncing US Citizenship

    08/31/2014 8:08:24 PM PDT · by SeekAndFind · 10 replies
    Casey Research ^ | 08/30/2014 | Nick Giambruno, Senior Editor, InternationalMan.com
    Don’t be surprised to lose if you don’t make an effort at being competitive.And if you go out of your way to make yourself less competitive, expect to lose.If that sounds like simple common sense, that’s because it is.But it’s also exactly what the US has been doing for years—enacting tax policies that sabotage its global economic competitiveness.It’s like trying to get in shape for a marathon by going on an all-McDonald’s diet. (Speaking of McDonalds, check out this funny video spoof of what their commercials should really look like.)Here are two major reasons why the US is lagging in...
  • America is so over homeownership: Why the shift to a renting economy might actually be a good thing

    08/31/2014 7:53:15 PM PDT · by SeekAndFind · 92 replies
    SALON ^ | 08/30/2014 | HENRY GRABAR
    Between 1970 and 1990, the population of Philadelphia shrank by a quarter, dropping from 1.95 to 1.59 million. Like many American cities, it seemed caught in a downward spiral. Since then – like many American cities – Philadelphia has stabilized. The population now appears to have bottomed out at the millennium, and has been regaining residents over the past decade. But as it rebounds, Philly is becoming a different kind of city. In the two most recent decades, which comprise the bounce of the city’s population curve, owner-occupied housing dropped even more steeply than in the ’70s and ’80s. Between...
  • Tesla Motors Dealing as States Play Factory Poker

    08/31/2014 5:13:27 PM PDT · by EveningStar · 43 replies
    AP via ABC News ^ | August 31, 2014 | Justin Pritchard
    From the start, little has been typical about Tesla Motors' plan for a $5 billion factory to make batteries for a new generation of electric cars. It's not just the project's massive scale, the cutting-edge technology, or even the bonanza of 6,500 good-paying jobs. It's how Tesla is deciding where to build. Through a series of unusual plays, Tesla has five states bidding up subsidy packages to land the coveted plant. The winner is expected to offer the luxury car-maker publicly financed incentives exceeding a half-billion dollars.
  • A Lower Corporate Rate Is a Practical And Good Response to Inversions

    08/31/2014 2:59:41 PM PDT · by Kaslin · 16 replies
    Townhall.com ^ | August 31, 2014 | Daniel J. Mitchell
    It boggles the mind to think that the United States now has the highest corporate tax rate in the industrialized world. But it’s even more amazing that America arguably has the most punitive corporate tax rate in the entire world.Here’s some of what I wrote on the topic for today’s U.K.-based Telegraph. …the United States has the highest corporate tax rate in the developed world (and the highest in the entire world, according to KPMG, if you ignore the United Arab Emirates’ severance tax on oil companies). …The central government in Washington imposes a 35pc rate on corporate income, with...
  • Mary Landrieu And Her House Of Cards

    08/31/2014 2:38:18 PM PDT · by Kaslin · 53 replies
    Townhall.com ^ | August 31, 2014 | Jeff Crouere
    This election has been most difficult for U.S. Senator Mary Landrieu (D-LA) with one mistake after another taking her off message. First it was discovered that she was charging taxpayers for at least four campaign flights. Her embarrassing mistakes were not something Louisiana voters should expect from a Senator with so much experience. Mary Landrieu has been in political office since 1979 and has served in the U.S. Senate since 1997. It is inexcusable for Landrieu not to know that taxpayers should not be charged for campaign air travel. Her latest stumble involves residency. When qualifying for re-election, Landrieu used...
  • Feds May Reimburse Medicare 'End-of-Life Discussions' After Mocking Palin's 'Death Panels'

    08/31/2014 2:36:43 PM PDT · by 2ndDivisionVet · 20 replies
    Breitbart's Big Government ^ | August 31, 2014 | Tony Lee
    Years after former Alaska Governor Sarah Palin was mocked for being concerned about "death panels," the federal government may reimburse Medicare doctors for end-of-life consultations that critics say would only encourage sick patients to reject costly treatments to prolong life. The New York Times reports that "Medicare may begin covering end-of-life discussions next year if it approves a recent request from the American Medical Association," which is "the country’s largest association of physicians and medical students" and creates "billing codes for medical services, codes used by doctors, hospitals and insurers." According to the Times, the group "recently created codes for...
  • Obamacare Fine Print: Beware the Medicaid and Medi-Cal Clawbacks and Liens

    08/31/2014 2:24:20 PM PDT · by Kaslin · 12 replies
    Townhall.com ^ | August 31, 2014 | Mike Shedlock
    Obamacare greatly expanded Medicaid coverage, but there is a hidden gotcha that may come back and haunt your heirs for benefits you receive from age 55-64. This is not new news, but few read and understand the "fine print". In a warning about the "fine print" and in response to Moral Dilemma: Should a Libertarian Who Does Not Need Food Stamps, but Qualifies for Them, Take Them? reader "TL" writes ... Hello Mish, Your friend Steven may want to carefully research taking Medi-Cal benefits. Medi-Cal, and many other state Medicaid programs include a ‘claw-back’ provision for recovery of costs incurred...
  • Having solved all other problems, Obama to fix your dishwasher

    08/31/2014 6:56:17 AM PDT · by SeekAndFind · 65 replies
    Hotair ^ | 08/30/2014 | Jazz Shaw
    I guess he really was multitasking out on the golf course. The President’s team has been hard at work behind the scenes, coming up with a strategy … well, maybe we should say plan, to address the nation’s many challenges. Spurred by President Obama’s climate action plan, the Department of Energy is pumping out new standards for refrigerators, dishwashers, air conditioners, ceiling fans, furnaces, boilers, water heaters, lamps and many more appliances.The administration says the standards will not only help the planet but also stimulate the economy by saving consumers money on their energy bills that they can spend...