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Business/Economy (News/Activism)

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  • Maryland Bill Seeks to Drive Out Airbnb, Other Hotel Competition

    03/22/2018 12:31:08 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Daily Signal ^ | March 21, 2018 | Romina Boccia and Lauren Bowman
    Over the last decade, short-term rental platforms like Airbnb, HomeAway, and VRBO have expanded and provided an economic boom to many communities. Yet several localities are pursuing onerous zoning rules and other regulations that would restrict short-term rental activity. For many homeowners, short-term rental provides a critical source of additional income to help them pay their mortgages and to meet other financial obligations. States can protect their residents from overzealous, local bureaucrats with state pre-emption. Short-term rental helps local communities by growing the number of tourists that visit the area. A recent study published by the National Bureau of Economic...
  • Citigroup restricts gun sales by business customers

    03/22/2018 12:28:43 PM PDT · by TigerClaws · 12 replies
    Citigroup is putting new restrictions on how and when its corporate clients can sell guns. The company said Thursday that it will bar companies that it does business with from selling guns to people under the age of 21 and require customers to undergo background checks for all firearm purchases. Citigroup (C) also banned its clients from selling high-capacity magazines and bump stocks, a gun accessory that was used by the shooter that murdered more than 50 people in Las Vegas in October. Powered by The news was reported earlier by The New York Times and confirmed by...
  • Liberal Professor: Video Games Promote 'Toxic Meritocracy'

    03/22/2018 11:36:06 AM PDT · by TigerClaws · 45 replies
    At a time when President Donald Trump, the National Rifle Association, and others on the right are blaming video games for promoting violence—with nary a shred of credible evidence—a new book has leveled a completely different criticism at the gaming industry: "toxic meritocracy." According to Christopher Paul, chair of the Department of Communication at Seattle University and author of The Toxic Meritocracy of Video Games: Why Gaming Culture is the Worst, video games promote individuality, reward skill, and encourage players to do their best in order to win. These are supposedly bad things. "Games are based on leveling up and...
  • Trump's China tariffs aren't crazy

    03/22/2018 11:29:48 AM PDT · by SoFloFreeper · 3 replies
    3/22/18 | R Newman
    ....Most trade experts see little economic justification for those tariffs, and a bevy of loopholes Trump included.... Trump is on firmer ground with his plan to impose tariffs on $50 billion worth of Chinese imports. “The goal is to get China to treat U.S. companies in China the way we treat Chinese companies in our market,” a senior Trump administration official told reporters on March 22. A forthcoming government report, he said, “clearly demonstrates there are unfair practices by China as it relates to their efforts to acquire US technology and to favor their companies over US companies.” Unlike the...
  • House OKs Compromise $1.3 Trillion Budget Bill, Senate Next

    03/22/2018 11:29:19 AM PDT · by ChicagoConservative27 · 37 replies
    usnews ^ | 03/22/2018 | Andrew Taylor and Lisa Mascaro
    WASHINGTON (AP) — The House easily approved a bipartisan $1.3 trillion spending bill Thursday that pours huge sums into Pentagon programs and domestic initiatives ranging from building roads to combatting the nation's opioid abuse crisis, but left Congress in stalemate over shielding young Dreamer immigrants from deportation and curbing surging health insurance premiums. The vote was 256-167, a one-sided tally that underscored the popularity of a budget deal among party leaders that provided enough money to address many of both sides' priorities. Further highlighting how eager lawmakers were to claim victories, the House approved the 2,232-page package — which stood...
  • A Breath Of Free Speech [Video only]

    03/22/2018 11:27:07 AM PDT · by servo1969 · 1 replies
    YouTube ^ | 3-22-2018 | Pat Condell
    [Transcript] You probably know by now that if you post a video on YouTube defending the right of women in Europe NOT to be raped by third world migrants it will be flagged as 'hate speech' by fake feminists and then promptly removed by other fake feminists who work at YouTube. It's pretty standard practice now. But in fairness to the fake feminists there are mitigating circumstances. YouTube admitted recently that they removed some videos "in error" because they employed people who haven't been properly trained in the job -- as if you need to trained in common sense. So,...
  • Citi sets restrictions on gun sales by retail clients

    03/22/2018 11:18:06 AM PDT · by Olog-hai · 17 replies
    Reuters ^ | March 22, 2018 11:55 AM | Ross Kerber, Nikhil Subba
    Citigroup Inc. (C.N) added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida. In an e-mailed statement, Citi said it will require those clients only sell firearms to customers who have passed a background check, restrict sales of firearms for people under 21 years of age, and not sell so-called “bump stocks” or high-capacity magazines. The bank’s new rules come weeks after a shooting at a Florida high school that killed 17 people, the second-deadliest shooting...
  • Strikes in France disrupt rail, air service in opening shot against Macron’s labor plans

    03/22/2018 11:12:43 AM PDT · by GoldenState_Rose · 2 replies
    Washington Post ^ | Mar 2018 | James McAuley
    PARIS — Railway workers and air traffic controllers led strikes across France on Thursday, opening a bitter showdown over labor overhauls sought by French President Emmanuel Macron. The strikes — which disrupted travel across the country — signal a critical test for Macron as his government seeks to challenge France’s tightly controlled public-sector labor markets in attempts to stimulate a stagnant economy. Macron faced only minimal resistance to the first wave of workplace changes last fall, and unemployment figures have already begun to drop. But France’s powerful public sector, which employs more than 5 million people, is putting its foot...
  • State and Local Income, Sales and Property Taxes All Hit Records in 2017

    03/22/2018 10:52:47 AM PDT · by Red Badger · 13 replies
    CNS ^ | 3-22-2018 | By Terence P. Jeffrey
    ( - Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau. State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the Census Bureau. Before 2017, the greatest level of individual income tax revenues collected by state and local governments occurred in 2015, when those governments collected $399,933,270,000 in individual income taxes (in constant 2017 dollars converted using the Bureau of Labor Statistics inflation calculator). State and local governments also collected a record $386,153,000,000 in general sales and gross...
  • New York paid out $761.2M in overtime in 2017

    03/22/2018 10:45:25 AM PDT · by tlozo · 14 replies
    NEW YORK DAILY NEWS ^ | February 27, 2018 | Kenneth Lovett
    ALBANY — An upstate prison nurse raked in a state-leading $153,708 in overtime in 2017, the Daily News has learned. With the overtime on top of her base $63,293 salary, Janet Johnson, a nurse at Franklin Correctional Facility, received $217,000 in pay in 2017, according to records provided by state Controller Thomas DiNapoli’s office. Johnson, who could not be reached for comment, worked 2,445.5 hours of overtime last year. That would mean if her regular work hours are factored in, Johnson put in an average of 12 hours a day if she worked every day for a full year. And...
  • New research documents a counterintuitive impact of global warming: sea-ice hazards to shipping

    03/22/2018 10:13:10 AM PDT · by Oldeconomybuyer · 19 replies
    Discover Magazine ^ | March 21, 2018 | By Tom Yulsman
    Human-caused warming is popping the frozen corks that normally bottle up thick sea ice in the Arctic Ocean, allowing it to pour south. Ships plying the North Atlantic Ocean in spring are facing increased hazards from floating Arctic sea ice as a result of human-caused global warming. That might seem counterintuitive, but here’s what’s happening, according to a new study published in the journal Geophysical Research Letters: Warming temperatures are causing ice that normally blocks narrow ocean passages in winter and spring to break up earlier than in the past. Like a cork removed from a champagne bottle, the early...
  • Experts: Uber self-driving system should have spotted woman

    03/22/2018 9:31:12 AM PDT · by Former Proud Canadian · 93 replies
    AP ^ | March 22, 2018 | TOM KRISHER and JACQUES BILLEAUD
    No exerpt. Video of accident at link.
  • Dow drops 500 points as trade fears and tech troubles pressure stocks

    03/22/2018 9:15:55 AM PDT · by Red Badger · 24 replies ^ | 03-22-2018 | Fred Imbert | Alexandra Gibbs
    U.S. stocks fell sharply on Thursday, pressured by worries of a potential trade war and a decline in tech shares. The broader market was also pressured by a decline in bank stocks. The Dow Jones industrial average dropped 500 points, with Caterpillar, 3M and Boeing as the biggest decliners. The S&P 500 fell 1.7 percent, with tech and financials dropping more than 2 percent. The Nasdaq composite pulled back 1.9 percent. Stocks hit their lows of the day after The New York Times reported John Dowd resigned as Trump's lead lawyer in special counsel Robert Mueller's investigation. The Trump administration...
  • Congress Unveils a $1.3 Trillion Budget Bill Even as Some Conservatives Balk at Its Size

    03/22/2018 8:13:22 AM PDT · by SeekAndFind · 52 replies
    TIME via AP ^ | 03/22/2018 |
    Coongressional leaders have finalized a sweeping $1.3 trillion budget bill that substantially boosts military and domestic spending but leaves behind young immigrant “Dreamers,” deprives President Donald Trump some of his border wall money, and takes only incremental steps to address gun violence. As negotiators stumbled toward an end-of-the-week deadline to fund the government or face a federal shutdown, House Speaker Paul Ryan dashed to the White House amid concerns Trump’s support was wavering. Although some conservative Republicans balked at the size of the spending increases and the rush to pass the bill, the White House said the president backed the...
  • Two centuries of US immigration visualized

    03/22/2018 8:06:11 AM PDT · by rktman · 6 replies ^ | 3/22/2018 | Thomas Lifson
    A must-see visual presentation showing how immigration to the United States has changed in volume and source over the last two centuries has been created by Max Galka, who describes himself as "fascinated by data" and maintains a website,, that presents visualizations of data. He writes that he teaches: ... data wrangling + data visualization at the University of Pennsylvania. And I write about data visualization as a Guardian and Huffington Post contributor. Previously, I worked for 10 years as a trader at Deutsche Bank and Credit Suisse[.] To see his visual summation of America's immigration, click here. Below...
  • TV personality who played Bozo the Clown dies at 89....8^(

    03/22/2018 6:43:33 AM PDT · by Red Badger · 39 replies ^ | 03-22-2018 | Staff
    BOSTON — A longtime television personality who played a beloved clown had died, according to family. WCVB-TV says 89-year-old Frank Avruch, who played Bozo the Clown from 1959 to 1970, has died. Avruch was a contributor to the station for over 40 years as a host of "Man About Town," and "The Great Entertainment." He died Tuesday at his Boston home from heart disease, and is survived by his wife Betty, two sons Matthew and Steven and several grandchildren. Avruch graduated from Boston University in 1949 with a bachelor's degree in Communication. He was an active philanthropist, and was a...
  • FIU Bridge Collapse Caught on Dash Cam

    03/22/2018 4:24:21 AM PDT · by iowamark · 36 replies
    Youtube ^ | 3/16/18
    Pedestrian bridge collapse on Thursday March 15:
  • YouTube Bans All Gun Demonstration Videos

    03/21/2018 7:05:56 PM PDT · by Mount Athos · 67 replies
    Breitbart ^ | 21 Mar 2018 | AWR HAWKINS
    YouTube is entering the gun control debate with a new ban on videos which demo firearms or link to websites selling firearms or firearm accessories. The move to ban firearm demos dovetails with the media platform’s desire to “prohibit videos with instructions on how to assemble firearms.” Ironically, guns built at home have not been part of the mass public attacks that have drawn national attention over the past months and years, but guns acquired at retail via background checks have been. Bloomberg reports that YouTube issued a statement in coordination with new prohibitions, saying, “We routinely make updates and...
  • Peter Schweizer Explains How China Purchased U.S. Congress as a Trade Strategy…

    03/21/2018 9:45:51 PM PDT · by bitt · 34 replies
    A timely book by Peter Schweizer, “Secret Empires”, explains how Chinese companies purchased U.S. politicians to gain trade advantages. When you understand this process, you better understand why those same politicians today are against the Trump trade policy that is antithetical to their purchased interests. Reminder: U.S. Chamber of Commerce President Tom Donohue is warning President Trump not to take any trade action against China or he will unleash his purchased control agents within congress and financial media to destroy his presidency. Allow me to re-emphasize: All opposition to President Trump stems from the underlying financial and economic policy. All...
  • China calls U.S. repeat abuser of world trade rules

    03/21/2018 8:55:07 PM PDT · by Mariner · 6 replies
    Reuters ^ | March 21st, 2018 | Brenda Goh
    SHANGHAI (Reuters) - China accused the United States of “repeatedly abusing” international trade rules, as Beijing braced on Thursday for an imminent announcement from U.S. President Donald Trump slapping more tariffs on Chinese imports. A World Trade Organisation ruling against Obama-era anti-subsidy tariffs on Wednesday handed China’s commerce ministry ammunition to criticize Washington’s conduct in trade affairs. The ruling “proves that the U.S. side has violated WTO rules, repeatedly abused trade remedy measures, which has serious damaged the fair and just nature of the international trade environment and weakened the stability of the multilateral trading system,” the ministry said. In...