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Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Trump’s tax proposal won’t actually help the middle class.

    10/21/2017 1:59:09 PM PDT · by SkyPilot · 42 replies
    Washington Post ^ | 19 Oct 17 | By Catherine Rampell
    President Trump campaigned on helping the little guy. His latest tax proposal, he says, is about helping the middle guy. “It’s a middle-class bill,” Trump promised an audience of truckers last week. Other administration officials and House Speaker Paul D. Ryan (R-Wis.) have also claimed that their primary objective in reconfiguring the tax code is to help the middle class, not the wealthy.
  • Nice weekend weather? Let's close the Bayonne Bridge (commentary)

    10/21/2017 12:44:16 PM PDT · by Tolerance Sucks Rocks · 6 replies
    The Staten Island Advance ^ | October 21, 2017 | Tom Wrobleski
    STATEN ISLAND, N.Y. - Maybe one day they'll finish the renovation project on the Bayonne Bridge. Until then, we're going to have to keep enduring these total closures of the span, including on the weekends, which is a mind-numbingly bad time to shutter the bridge. Not that the Port Authority sees it that way, no matter how much we bang on their cage. We're supposed to have some nice weather this weekend. Mid-70s. Sunny. Lots of folks are going to be out driving. A lot of them are going to be going to New Jersey, either to shop, visit friends...
  • Nolte: Roger Goodell Fell for Mainstream Media’s Fake Reality and Destroyed NFL (Possibly Forever)

    10/21/2017 10:48:34 AM PDT · by Rockitz · 46 replies
    Breitbart.com ^ | 21 Oct 2017 | John Nolte
    When the first half of the 21st century is way back enough for a history to be written unencumbered by agenda, President Barack Obama will be remembered as the worst thing that ever happened to the Democrat Party. And to the NFL.* If you think that is a stretch, hear me out… Thanks to George W. Bush’s terrible second term, two unbelievably awful Republican opponents in John McCain and Mitt Romney, not to mention the charisma and impressive political skills as the most leftwing senator in the country, Barry O won two national elections and did so by impressive margins....
  • ICS ‘Deeply Concerned’ by Canada’s Proposed Tanker Ban in Northern British Columbia Waters

    10/21/2017 10:26:03 AM PDT · by Oatka · 10 replies
    gCaptain ^ | Oct 20, 2017 | gCaptain
    The International Chamber of Shipping (ICS) says it is deeply concerned over proposed legislation that would ban crude oil tankers from operating in Canadian waters off Northern British Columbia. The Canadian Parliament is giving consideration to legislation that would have the effect of establishing a moratorium on the shipment of crude oil in the waters of Northern British Columbia. The proposed legislation is known as Bill C-48: An Act respecting the regulation of vessels that transport crude oil or persistent oil to or from ports or marine installations located along British Columbia’s north coast. The ICS, representing the world’s national...
  • California judge tosses $417 million talc cancer verdict against Johnson & Johnson

    10/21/2017 10:23:50 AM PDT · by Olog-hai · 22 replies
    Reuters ^ | October 20, 2017 | 8:13 PM | Tina Bellon, Nate Raymond
    A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women and family members who accuse J&J of not adequately warning consumers about the cancer risks of its talc-based products. The decision followed a jury’s decision in August to hit J&J with the largest verdict to date in the litigation, awarding California resident Eva Echeverria $70...
  • The Dow is telling the most important story about Trump

    10/21/2017 9:05:19 AM PDT · by 2ndDivisionVet · 28 replies
    The New York Post ^ | October 20, 2017 | The Editorial Board
    After crossing the 23,000 line this week, the Dow is up nearly 5,000 points, or about 27 percent, since Election Day. It wouldn’t be there under a President Hillary Clinton or a Jeb Bush. No: Much of the credit has to go to the uncompromisingly pro-business President Trump — the antithesis of what the nation had seen the prior eight years. Nor is it just the stock market: Consumer confidence and economic optimism are up. And the Labor Department reports that claims for unemployment just dropped by 22,000 to 222,000 — the fewest since March 1973. And while, as Charles...
  • Harvey Sweinstein And Hollywood’s Hos

    10/21/2017 8:23:21 AM PDT · by rktman · 38 replies
    dailycaller.com ^ | 10/20/2017 | Ilana Mercer
    I’d like to better understand the conservative media’s orgy over Harvey Weinstein, the disgraced and disgraceful Hollywood film producer and studio executive who used his power over decades to have his way with starlets. To listen to conservative talkers, the women affronted or assaulted by Weinstein were all Shakespearean talent in the making—female clones of Richard Burton (he had no match among women)—who made the pilgrimage to Sodom and Gomorrah in the Hollywood Hills, for the purpose of realizing their talent, never knowing it was a meat market. Watching the women who make up the dual-perspective panels “discussing” the Weinstein...
  • Steve Bannon warns California might secede from the US

    10/21/2017 7:45:13 AM PDT · by smileyface · 83 replies
    Washington Examiner ^ | Oct 21, 2017 | Daniel Chaitin
    Steve Bannon warned Friday evening that California might pose a "problem" to the U.S. by attempting to secede. Couching his statement on California's status as a "sanctuary state," Bannon, President Trump's former chief strategist, contended that California's Democrats and "the lords of Silicon Valley" would attempt to flee like states did in the run-up to the Civil War if the policy isn't turned around. "You are a sanctuary state," he told a crowd in Anaheim at the California Republican Party convention. "If you do not roll this back, 10 or 15 years from now the folks in Silicon Valley and...
  • The last Holden: GM closes plant, ends Australia auto production

    10/21/2017 2:08:57 AM PDT · by NorseViking · 25 replies
    SYDNEY — Australia's near 100-year automotive industry ended on Friday as Holden, a unit of General Motors, closed its plant in South Australia to move manufacturing to cheaper locations. The closure comes a year after Toyota and Ford similarly moved out, eliminating thousands of manufacturing jobs. It adds pressure on the government to help those made redundant find work in a battleground state ahead of a federal election in 18 months.
  • National anthem singer takes a knee while performing at Brooklyn Nets game

    10/20/2017 7:37:06 PM PDT · by markomalley · 47 replies
    Washington Examiner ^ | 10/20/17 | Katie Leach
    After performing the national anthem at Friday night's Brooklyn Nets game, singer Justine Skye took a knee in the latest installment of the ongoing demonstration.Skye knelt specifically during the line "and the home of the brave," according to reports. However, according to the Associated Press, the demonstration wasn't well received among fans. Skye reportedly received more boos than cheers for her stunt.Shortly after her performance at the Nets' home opening game, Skye posted on Instagram a clip of her kneeling with the caption, "Got a bit shaky at the end.. was pretty uneasy about singing the anthem and probably won't...
  • Planned Parenthood Defends Rep. Wilson: Trump Administration Has ‘Pattern of Attacking Black Women’

    10/20/2017 6:02:15 PM PDT · by markomalley · 31 replies
    Big Government ^ | 10/20/17 | Susan Berry
    Planned Parenthood is defending Rep. Frederica Wilson’s (D-FL) claim that White House Chief of Staff John Kelly’s use of the term “empty barrel” is racist. “This is part of a pattern of Trump admin attacking & undermining Black women,” Planned Parenthood tweeted. “It’s despicable. We stand with @RepWilson & all Black women.” Planned Parenthood, however, was founded by eugenicist Margaret Sanger, whose bust an organization of black pastors has tried to have removed from the Smithsonian Institution’s National Portrait Gallery. The abortion giant also presents its highest honor – the Margaret Sanger Award – to individuals who promote abortion rights, such as...
  • Trump Tax Cuts Gain Momentum as Senator Rand Paul Goes 'All In'

    10/20/2017 2:33:48 PM PDT · by drewh · 66 replies
    Reuters/AOL ^ | Oct 20th 2017 11:48AM
    U.S. Republican senator Rand Paul on Friday appeared to back the Trump administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts even as the Senate passed a key budget measure without his support one day earlier. On Thursday, the Republican-controlled Senate approved the budget resolution for the 2018 fiscal year, with Paul casting the lone Republican vote against it. That approval paves the way for their tax-cut proposal that would add up to $1.5 trillion to the federal deficit over the next decade to pay for the cuts. U.S. President Donald Trump on Friday signaled...
  • Chick-fil-A isn’t just the most popular fast-food chain in Georgia, it dominates the US

    10/20/2017 1:53:13 PM PDT · by madprof98 · 74 replies
    Atlanta Journal-Constitution ^ | 10/20/17 | Fiza Pirani
    Customers all over the nation flock to Chick-fil-A to indulge in the Georgia-based franchise’s perfectly seasoned, breaded chicken sandwiches, crispy waffle fries, hand-spun milkshakes or other popular menu items. And, according to a new ranking from Foursquare and Business Insider on the most popular fast-food chain in each state, Chick-fil-A obliterates most of its competition. Analysts examined which restaurant chains are most-visited in each state by dividing the total number of visits by the number of locations in the state. Chick-fil-A took home top honors in all but 12 places.
  • GOP Congress Presides Over Highest Spending Since Obama’s Stimulus

    10/20/2017 1:04:35 PM PDT · by JP1201 · 12 replies
    (CNSNews.com) - Real federal spending in fiscal 2017, which ended on Sept. 30, was higher than in any year in the history of the United States other than fiscal 2009, which was the year that President Barack Obama’s $840 billion stimulus law was enacted. Fiscal 2017 also saw the second highest real federal individual income tax totals of any year in U.S. history, according to the Monthly Treasury Statement released today.
  • There’s talk of capping 401(k) contributions at $2,400 per year

    10/20/2017 12:01:10 PM PDT · by NohSpinZone · 24 replies
    MarketWatch ^ | 10/20/17 | Anne Tergesen
    Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry. Republicans are looking for ways to generate revenue to support broad reductions in individual tax rates. One idea is to limit the amount of pretax money households can sock away for retirement saving. Such a move would likely generate significant political blowback but it hasn’t been explicitly ruled out, stirring worry among industry lobbyists.
  • The Self-Dealing Presidency of Donald Trump

    10/20/2017 10:48:27 AM PDT · by Oldeconomybuyer · 25 replies
    New York Times ^ | October 19, 2017 | Times Editorial Board
    If Donald Trump thinks there’s nothing wrong with exploiting the presidency for his personal profit, he should read the Constitution. That’s the argument plaintiffs made in a Manhattan federal court on Wednesday, in the first-ever lawsuit to accuse a president of violating the emoluments clauses — once-obscure constitutional provisions that the nation’s founders adopted to prevent corruption of public officials. The emoluments clauses are based on a simple, sound idea — that the nation’s security and well-being are threatened when those entrusted with acting in the public interest use their office for private gain. Until Jan. 20, there was no...
  • Senate Votes to Raise Revenue by Drilling In Arctic National Wildlife Refuge (drill, baby drill!)

    10/20/2017 10:33:29 AM PDT · by drewh · 26 replies
    Spokesman Review ^ | Fri., Oct. 20, 2017, 10:04 a.m. | By Juliet Eilperin
    WASHINGTON – The Senate rejected an amendment Thursday that sought to block a key panel from raising revenue through drilling in Alaska’s Arctic National Wildlife Refuge, a move that could make it easier for future oil and gas drilling to take place there. Sen. Maria Cantwell, Wash., the top Democrat on the Energy and Natural Resources Committee, offered an budget amendment that would have removed instructions to the panel to raise an additional $1 billion through federal leasing. It failed 48 to 52 on a largely party-line vote, with only Sen. Susan Collins, R-Maine, and Joe Manchin, W.Va., breaking ranks....
  • There’s talk of capping 401(k) contributions at $2,400 per year

    10/20/2017 9:58:58 AM PDT · by C19fan · 172 replies
    Market Watch ^ | October 20, 2017 | Anne Tergesen and Richard Rubin
    Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry. Republicans are looking for ways to generate revenue to support broad reductions in individual tax rates. One idea is to limit the amount of pretax money households can sock away for retirement saving. Such a move would likely generate significant political blowback but it hasn’t been explicitly ruled out, stirring worry among industry lobbyists.
  • Trump Bends The Knee To King Corn

    10/20/2017 9:32:18 AM PDT · by Tolerance Sucks Rocks · 52 replies
    Investor's Business Daily ^ | October 19, 2017 | Investor's Business Daily
    Corny Capitalism: This is one campaign promise we wish President Trump would break. But alas, he just told his EPA to give up any thought of cutting back on the federal government's anti-consumer, anti-environment ethanol mandate. Sad. The story begins in 2005, when President Bush approved the Renewable Fuel Standard program as part of an energy bill, which required oil refiners to blend in predetermined amounts of "biofuels" into their gasoline, starting at 4 billion gallons in 2006. A revised version of the RFS, which Bush signed in 2007, expanding the program, requiring ethanol levels to climb steadily to 36...
  • China’s 30-year deadline to rule the world

    10/20/2017 9:08:12 AM PDT · by Red Badger · 23 replies
    www.news.com.au ^ | October 20, 2017 | Debra Killalea
    CHINA’S leader has laid out his ambitious plans for a superpower in a three-hour speech with huge implications for Australia. BEIJING has outlined plans to become the world’s biggest superpower within the next 30 years. Opening a five-yearly national congress, Chinese President Xi Jinping set out his time frame for the country to become a “global leader” with international influence. In his 3 ½ hour speech, Mr Xi urged a reinvigorated Communist Party to take a stronger role in society and economic development to better address the nation’s “grim” challenges. Speaking in the massive Great Hall of the People near...