Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Donald Trump Warns of 35% Tariff For Companies That Move Abroad

    12/04/2016 11:27:46 AM PST · by E. Pluribus Unum · 37 replies
    Fortune.com ^ | 2016-12-04 | Mahita Gajanan
    Trump warned companies of “retribution or consequences” for leaving the U.S. Donald Trump warned U.S. companies of “retribution or consequences,” such as a massive tariff, if they leave the country. In a series of early morning tweets Sunday, Trump said companies with offshore factories would face a 35% tax on products they want to sell back in the U.S. “The U.S. is going to substantialy [sic] reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will...
  • Trump's Carrier deal confuses corporate welfare with free markets

    12/04/2016 11:05:28 AM PST · by SeekAndFind · 72 replies
    Because market freedoms create an environment for economic growth, thriving businesses and job creation, many people confuse "pro-market policies" with "pro-business" favors. But they aren't the same thing, and President-elect Trump hurts his own agenda when he conflates the two. He did so at the Indiana Carrier plant Thursday, when he announced a deal to keep some Mexico-bound Carrier jobs in Indiana. The deal is bad policy because it is loaded with at least $7 million in corporate welfare. It's bad politics because it rhetorically demolishes the crucial distinction between free-market policy on one hand, which benefits all businesses and...
  • Farmers push back against animal welfare laws

    12/04/2016 10:55:15 AM PST · by Mariner · 15 replies
    La Crosse Tribune ^ | December 3rd, 2016 | Jen Fifield Stateline.org
    WASHINGTON — All hogs in Massachusetts will be able to stretch their legs and turn around in their crates and all hens will be able to spread their wings under a law passed in November by voters in the state. Laws like this one, which strictly regulate how farm animals are confined, are becoming more common across the U.S., as large-scale farming replaces family farms and consumers learn more about what happens behind barn doors. Massachusetts is the 12th state to ban the use of some livestock- and poultry-raising cages or crates, such as gestation crates for sows, veal crates...
  • 'It Will Be A Very Expensive Mistake' Trump Says Companies Who Leave The United States And Fire....

    12/04/2016 9:59:32 AM PST · by Steelfish · 38 replies
    Daily Mail (UK) ^ | December 4, 2016 | Wills Robinson
    'It Will Be A Very Expensive Mistake' Trump Says Companies Who Leave The United States And Fire Their Employees Will Face Massive Tax Increases In Sunday Morning Twitter Tirade By Wills Robinson 4 December 2016 Donald Trump had a stern warning to companies thinking of leaving the United States during his Sunday morning Twitter tirade. The president-elect says firms who outsource beyond America's borders will face a massive tax increase, while those who stay will see huge financial benefits. In the lengthy rant, he wrote: 'The U.S. is going to substantialy [sic] reduce taxes and regulations on businesses, but any...
  • Trump Base Still Expanding – Blue Collar Workers Optimistic…

    12/04/2016 6:43:51 AM PST · by HarleyLady27 · 52 replies
    The Conservative Treehouse ^ | Nov 3, 2016 | Sundance
    As the Democrat Party continues to debate how to regain their relevance, the Trump coalition continues to grow even after the election. Donald Trump’s political influence as a businessman, now President-elect, exists in that rare authentic space where traditional politicians have consistently failed. Not only is Trump completely reshaping the republican party, more importantly he’s establishing a coalition that will overwhelm any DC opposition in the short-term, and make any political opposition futile in the long-term. Legendary winning!
  • Syfy's 'Incorporated' Creates Anti-Business Global Warming Fantasy World(missed it)

    12/04/2016 6:36:37 AM PST · by rktman · 22 replies
    newsbusters.org ^ | 12/3/2016 | Alexa Moutevelis Coombs
    The new original anti-business drama Incorporated premiered this week on the Syfy network. Produced by Hollywood lefties Matt Damon and Ben Affleck, it’s a liberal polemic preaching about the dangers of eeeeevil multinational corporations, capitalism, and global warming disguised as trendy, futuristic, post-apocalyptic entertainment. From the first seconds of the premiere, titled “Vertical Mobility,” the liberal agenda is made clear when these words appear on the screen, setting up the premise of the show: “The year is 2074. Climate change has ravaged the planet, causing widespread famine and bankrupting governments. In their place, multinational corporations have risen in power and...
  • Dow 19,000 is no cause for celebration

    11/22/2016 6:48:36 PM PST · by Rabin · 14 replies
    Marketwatch ^ | Nov 22, 2016 | Chuck Jaffe, (opine)
    The Dow is the Kardashian of indexes — a celebrity benchmark, famous because it’s known rather than because of what it does. Every round number on the index hits the news cycle hard, largely because there is so little real news out there. In early November, nine straight down days on the S&P 500 the first nine-day losing streak in 36 years — as if that was somehow meaningful. Tuesday’s headlines included a 13-day winning streak for the Russell 2000, its longest win streak in more than 20 years. The Russell benchmark gained roughly 15% during that stretch — an...
  • Biggest union reaches deal with California government [SEIU Local 1000]

    12/03/2016 11:19:37 PM PST · by Olog-hai · 14 replies
    Associated Press ^ | Dec 3, 2016 4:47 PM EST | Jonathan J. Cooper
    California’s largest public-employee union announced Saturday that it had reached a contract agreement with Gov. Jerry Brown’s administration. If workers ratify the deal, it would bring to a close contentious negotiations that led to a strike threat and allegations of bad-faith bargaining. Service Employees International Union Local 1000 didn’t immediately release the terms of the deal, but union President Yvonne Walker said in a statement that it achieves improvements in compensation, professional development, working conditions, and health and safety. …
  • Rexnord employee reacts to Trump tweet about job loss (Video)

    12/03/2016 10:57:00 PM PST · by LesbianThespianGymnasticMidget · 28 replies
    CBS4 Indy ^ | Dec 3, 2016 | Deanna Allbrittin
    NDIANAPOLIS, Ind. -- After a winning week for many Carrier workers, Rexnord employees are now in the spotlight. This tweet from President-elect Donald Trump has workers there wondering about their own jobs. “I prayed, ‘God, just give me something to hold on to, some hope,’” said Rexnord worker Brian Bousum. “Then, he tweeted.” For Rexnord employee Brian Bousum, this late-night tweet from President-elect Donald Trump was a small sign that left room for uncertainty. “He said ‘no more,’” said Bousum. “Does that mean no more after Rexnord? Does it mean he’s going to talk to the CEO Todd Adams? Did...
  • Media: If Trump's Economy Is Good, Thank Obama!

    12/03/2016 12:44:45 PM PST · by ColdOne · 42 replies
    weeklystandard.com ^ | 12/3/16 | Eric Felten
    The Trump win was supposed to sink the economy. Instead, things—at least so far—seem to be looking up. And so a new media narrative has just been launched: If Donald Trump succeeds, it will be because President Barack Obama gave him such a great push. How else to explain the near simultaneous publication of two articles on Friday, one in Politico, the other at FiveThirtyEight. The first is "Trump Inherits Obama Boom" by Politico's Ben White, with the subheadline, "The president is handing his successor an economy that's now the envy of the world." The second, over at FiveThirtyEight, come...
  • Katie Couric would like her Under the Gun lawsuit dismissed

    12/03/2016 11:05:35 AM PST · by rktman · 28 replies
    hotair.com ^ | 12/3/2016 | Jazz Shaw
    You probably recall that bit of anti-gun rights hackery known as Under the Gun, hosted by Katie Couric. She wound up being sued for defamation by the members of the Virginia Citizens Defense League (VCDL) who were intentionally edited to make them look clueless. As with all such cases, this one is taking its sweet time to wend through the legal process, but Couric and the film team are seeking to shorten the process by having the case dismissed out of hand.
  • At 46 Years, EPA Will See HUGE Changes Under Trump

    12/03/2016 10:14:14 AM PST · by rktman · 74 replies
    dailycaller.com ^ | 12/3/2016 | Michael Bastasch
    The Environmental Protection Agency (EPA) began operating 46 years ago after former President Richard Nixon proposed it as a way to address mounting pollution concerns across the country. EPA celebrated its 46th anniversary Friday, just weeks before President-elect Donald Trump likely takes the agency in a totally different direction compared to the last eight years under President Barack Obama, focusing on clean air and quality instead of global warming. Not only is Trump looking to roll back Obama-era regulations, the incoming administration reportedly has plans to fundamentally reform major decades-old environmental laws: The Clean Air Act and the Clean Water...
  • Colorado chambers, business groups form coalition for immigration reform

    12/03/2016 9:33:14 AM PST · by snarkpup · 14 replies
    Denver Business Journal ^ | Updated Dec 2, 2016, 8:32pm MST | Monica Mendoza
    Twelve Colorado chambers of commerce, trade groups and business organizations are teaming up in a new coalition to push for reform of U.S. immigration policy. ... Brough said the chamber is supportive of reform that includes components like increased access to short-term workers for critical industries like tourism and agriculture; increased H-1B visas to support a knowledge-based economy; a clear path to citizenship; and increased border security.
  • Stripped of Accounting Gimmicks, the US Has Been on the Verge of Recession since 2011

    12/03/2016 8:53:23 AM PST · by Rockitz · 35 replies
    ZeroHedge.com ^ | 2 December 2016 | Phoenix Capital
    The Fed has a very serious problem on its hands. That problem concerns the fact that for seven years the Fed has spread the myth of a “recovery.” I say “myth” because the reality is that when you remove accounting gimmicks, the US has been a “hair’s breadth” away from a recession since 2010. The most obvious gimmick being employed is the phony “deflator” used to understate inflation and overstate growth. Everyone knows that the official CPI measure for inflation is bogus. But the Fed routinely uses a deflator that is even lower that CPI when calculating GDP. This sounds...
  • Italian bourse CEO says there are 'colossal' short positions on Italy

    12/03/2016 8:40:00 AM PST · by Lorianne · 9 replies
    CNBC ^ | 29 November 2016
    Big international investors are holding huge short positions on Italian assets, the CEO of the Italian exchange said on Tuesday, days before the country holds a referendum on constitutional reform that could unseat Prime Minister Matteo Renzi. "There are colossal short positions on Italy from the U.S. and other countries where big investors are based," said Raffaele Jerusalmi during a conference in Milan. Opinion polls conducted until a blackout period began last week showed the "no" vote comfortably in the lead, raising concerns of a political crisis and fueling market volatility.
  • U.S. veterans build barracks for pipeline protesters in cold

    12/03/2016 8:34:52 AM PST · by Lorianne · 86 replies
    Reuters ^ | Ernest Scheyder and Terray Sylvester
    U.S. military veterans were building barracks on Friday at a protest camp in North Dakota to support thousands of activists who have squared off against authorities in frigid conditions to oppose a multibillion-dollar pipeline project near a Native American reservation. Veterans volunteering to be human shields have been arriving at the Oceti Sakowin camp near the small town of Cannon Ball, where they will work with protesters who have spent months demonstrating against plans to route the Dakota Access Pipeline beneath a lake near the Standing Rock Sioux Reservation, organizers said. The Native Americans and protesters say the $3.8 billion...
  • Life in Hock

    12/03/2016 8:15:15 AM PST · by Lorianne · 46 replies
    Eric Peters Autos ^ | 01 December 2016 | Eric Peters
    live in a society driven by debt. Cars, for example, have become hugely expensive (even on the low end) relative to what people can afford – because of the easy availability of credit. Which is the nice word used to speak about debt, intended to encourage us to get into it. It takes at least $15,000 or so to drive home in a “cheap” new car, once all is said and done. And the “cheap” car will have to be registered, plated and insured. It runs into money. And most new cars cost a lot more money. Which most people...
  • Stanford Study Reveals California Pensions Underfunded By $1 Trillion Or $93k Per Household

    12/03/2016 7:06:36 AM PST · by george76 · 66 replies
    Zero Hedge ^ | Dec 2, 2016 | Tyler Durden
    Earlier today the Kersten Institute for Governance and Public Policy highlighted an updated pension study, released by the Stanford Institute for Economic Policy Research, which revealed some fairly startling realities about California's public pension underfunding levels. After averaging $77,700 per household in 2014, the amount of public pension underfunding for the state of California jumped to a staggering $92,748 per household in 2015. But don't worry, we're sure pension managers can grow their way out of the problem...hedge fund returns have been stellar recently, right? Stanford University’s pension tracker database pegs the market value of California’s total pension debt at...
  • Trumping Carrier (Saturbray)

    12/03/2016 6:56:39 AM PST · by bray · 21 replies
    www.braylog.com ^ | 12/3/16 | bray
    And Jesus said unto them, I am the bread of life: he that cometh to me shall never hunger; and he that believeth on me shall never thirst. John 6:35 KJV The Establishmedia was outraged Trump would save eleven hundred jobs at the Carrier plant in Indianapolis. This is just not how things are done in the District of Corruption. They had the freshly texted talking points stating this was cronyism for giving them a seven million dollar tax break. Some even went as far as calling it corporate welfare and favoritism when in reality it was simply proving lowering...
  • Donald Trump Targets Second Indiana Plant Over Plans to Shift to Mexico

    12/03/2016 6:53:34 AM PST · by mandaladon · 74 replies
    WSJ ^ | 2 Dec 2016 | BOB TITA and ANDREW TANGEL
    Donald Trump took aim Friday at a second U.S. manufacturer that plans to move jobs from Indiana to Mexico, a day after he threatened consequences for business that shifted American jobs abroad. “Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers,” Mr. Trump wrote at 10:06 p.m. on Twitter. “This is happening all over our country. No more!” Rexnord, which is based in Milwaukee, intends to move production of industrial bearings from Indianapolis to Monterrey, Mexico, according to the employee union. The move, expected by the middle of next year, would eliminate about...
  • Tackling the peddlers of climate change

    12/03/2016 5:20:03 AM PST · by NYer · 22 replies
    American Thinker ^ | December 3, 2016 | Anthony Bright-Paul
    How often have we heard that ‘climate change’ is the greatest threat to mankind! How often have we heard that Global Warming will lead to an unprecedented rise in sea levels! -- when what is the truth?  There is absolutely no truth whatsoever in these assertions, made by a coven of corrupt scientists, who have held the whole world in thrall. Not only is the globe not warming, but we find that the books have been cooked on a truly massive scale. So massive, in fact, that even intelligent members of Parliament with some scientific knowledge have been fooled. The...
  • An Untold Number Of Immigration Applications Never Received Background Checks

    12/03/2016 4:46:10 AM PST · by Whenifhow · 18 replies
    Daily Caller ^ | Dec 2 2016 | KATHRYN WATSON
    Federal immigration officials are halting all scheduled naturalization ceremonies because their digital information system failed to run background checks on an untold number of applicants, according to an email obtained by House Committee on the Judiciary Chairman Rep. Bob Goodlatte. The scope of the problem — including how many naturalization applications in the Electronic Immigration System (ELIS) that U.S. Citizenship and Immigration Services (USCIS) officials already approved without proper background checks — is unclear. “Effective immediately, offices are instructed not to approve or oath any naturalization cases in ELIS (Electronic Immigration System),” a Nov. 29 email marked “urgent” from USCIS...
  • Military Update: Conferees reject more pruning of military compensation

    12/03/2016 4:43:39 AM PST · by SandRat · 5 replies
    House armed services committee conferees, in negotiating a final fiscal 2017 defense authorization bill, succeeded in blocking every substantive initiative aimed at slowing military compensation growth as had been backed by the Senate, the Obama administration and the Joint Chiefs of Staff. As a result, active and reserve component forces will get a 2.1 percent pay raise Jan. 1 rather than 1.6 percent, avoiding a fourth consecutive cap on the annual military pay adjustment, each of which kept troop raises at least a half percentage point behind private sector wage growth.
  • Sarah Palin: But... Wait... The Good Guys Won't Win With More Crony Capitalism

    12/03/2016 3:23:37 AM PST · by JediJones · 103 replies
    Young Conservatives ^ | 12/2/2016 | Sarah Palin
    I am ecstatic for Carrier employees! Their bosses just decided to keep shop onshore. What a relief for hundreds of workers. Merry Christmas Indiana! We don't yet know terms of the public/private deal that was cut to make the company stay, but let's hope every business is equally incentivized to keep Americans working in America. Foundational to our exceptional nation's sacred private property rights, a business must have freedom to locate where it wishes. In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency's sake,...
  • Reinstituting earmarks could benefit region (BARF)

    12/03/2016 1:04:05 AM PST · by Tolerance Sucks Rocks · 11 replies
    The Altonna Mirror ^ | November 27, 2016 | Altoona Mirror editorial board
    Earmarks again are a topic in Congress, and people in this part of Pennsylvania shouldn’t condemn them. Back in the 1970s, when highway construction was booming around the biggest population centers of the Keystone State, places like Altoona, Johnstown, Ebensburg and Bedford were told that once those projects were completed, work would begin on their roadway needs.But as the large-scale projects around Philadelphia, Harrisburg, Pittsburgh and Erie were completed, the promises that had been made to Blair County and other smaller-population areas, didn’t materialize because of alleged money shortages.The message seemed to be: “We’ll get to you sometime, but for...
  • Aging white population speeding diversity

    12/02/2016 7:44:46 PM PST · by BJ1 · 69 replies
    The Hill ^ | 12/02/2016 | Reid Wilson
    Share to Facebook 4KShare to Twitter Share to Google+ This is a modal window. Seniors switching to Medicare Advantage, study finds Finding a bumper sticker America's Energy Landscape - continuing the conversation America's Energy Landscape - continuing the conversation Obama had credit card declined on date Justices decline to halt gay marriage in SC America's Nuclear Energy Future - Continuing Conversation Obama hails Syria strikes, argues ISIS is not America's fight alone A rapidly aging white population and fast-growing younger minority groups are speeding demographic changes across the nation, hastening a political divide likely to have long-term ramifications. The percentage...
  • Ford Open to Deals With Trump to Keep Jobs in U.S., CEO Says

    12/02/2016 7:24:31 PM PST · by LesbianThespianGymnasticMidget · 79 replies
    bloomberg ^ | December 2, 2016 | Keith Naughton
    <p>Ford Motor Co. is willing to work with Donald Trump to keep jobs in the U.S. if he puts the right policies in place, the automaker’s chief executive officer said.</p> <p>“We will be very clear in the things we’d like to see,” Mark Fields said in an exclusive interview at Bloomberg offices in Southfield, Michigan. “We’ll continue to advocate for currency-manipulation rules to promote free and fair trade. One of our priorities is making sure fuel-economy standards reflect market realities, tax reform in general we would be very supportive of, and the safe deployment of autonomous vehicles.”</p>
  • Sarah Palin calls Trump’s deal with Carrier ‘crony capitalism’

    12/02/2016 7:22:39 PM PST · by Mariner · 250 replies
    The Sacramento Bee ^ | December 2nd, 2016 | By Brian Murphy
    Former Republican vice-presidential nominee Sarah Palin, who is reportedly under consideration for a spot in President-elect Donald Trump’s administration, criticized Trump’s recent deal with Carrier to keep jobs in the United States. Trump visited the Carrier plant in Indianapolis on Thursday and touted the deal during a speech after the visit in front of a Carrier banner. Carrier will keep about 1,000 jobs in Indiana, instead of moving them to Mexico. In exchange, the state of Indiana is giving the company about $7 million in incentives. Vice president-elect Mike Pence in the current governor of Indiana. “When government steps in...
  • What 'are so many of them doing?' 95 million not in US labor force

    12/02/2016 7:10:41 PM PST · by aquila48 · 57 replies
    CNBC ^ | 12/2/16 | Jeff Cox
    The November jobs report looked pretty good on the surface except for one number that popped off the page: 95 million. That's the number of Americans now counted as not in the labor force, a historic high that has confounded economists and policymakers. The total — 95.06 million to be more exact — has been rising consistently but surged by a gaudy 446,000 last month. The jump occurred as the U.S. economy added 178,000 jobs and the headline unemployment rate dropped sharply. Explaining the consistent increase in those leaving the labor force is complicated, with factors divided between an aging...
  • Silicon Valley Chiefs Notably Absent From Trump’s Cabinet of Business Advisers

    12/02/2016 6:08:25 PM PST · by Mariner · 41 replies
    The New York Times ^ | December 2nd, 2016 | By MICHAEL J. de la MERCED
    In President-elect Donald J. Trump’s newly named kitchen cabinet of business advisers, Wall Street is in. Silicon Valley is out. Mr. Trump has named 16 business leaders to serve on what’s being called the President’s Strategic and Policy Forum, described as a group meant to guide his administration on economic matters. The list is notable for leaning toward New York executives and industries — finance in particular. The list echoes Mr. Trump’s picks for a number of major economic positions, including Treasury secretary (the former Goldman Sachs partner and hedge fund manager Steven T. Mnuchin) and commerce secretary (the billionaire...
  • Seduced and Betrayed by Donald Trump [lying scum putz Krugman]

    12/02/2016 6:07:52 PM PST · by AndyJackson · 93 replies
    NY TImes - Opinion ^ | Dec 2, 2016 | Paul Krugman
    The white working class is about to be betrayed by Trump just like the students at Trump University.
  • Obama blocks proposed takeover of Germany's Aixtron

    12/02/2016 5:52:41 PM PST · by Olog-hai · 7 replies
    Associated Press ^ | Dec 2, 2016 6:06 PM EST
    Citing a national security risk, President Barack Obama on Friday blocked a Chinese investor’s proposed takeover of Aixtron SE, a German maker of semiconductor manufacturing equipment, a rare move that drew objections from Beijing and complaints that the U.S. was injecting politics into the deal. Obama ordered Fujan Grand Chip to “fully and permanently abandon” its proposed acquisition of Aixtron SE’s California-based subsidiary, Aixtron, Inc. The decision upheld a recommendation from the Committee on Foreign Investment in the U.S., which reviews foreign purchases of U.S. companies. The decision threatens to jeopardize the larger deal, which is under scrutiny [by] Berlin...
  • Obama: Health care act is law, US can't go backward

    12/02/2016 3:39:02 PM PST · by mdittmar · 164 replies
    Associated Press ^ | Dec. 2, 2016 | Associated Press
    WASHINGTON (AP) — President Barack Obama is urging the public to help save his health care law, which is in serious danger of being repealed under President-elect Donald Trump.In a Facebook Live appearance, Obama says the Affordable Care Act has improved millions of lives over the six years it's been the "law of the land." He says the country can't go "backward."
  • EPA to require mines to offer cleanup assurances

    12/02/2016 5:40:18 PM PST · by Olog-hai · 23 replies
    Associated Press ^ | Dec 2, 2016 8:01 PM EST | Matthew Brown
    The Environmental Protection Agency on Friday said it plans to require mining companies to show they have the financial wherewithal to clean up their pollution so taxpayers aren’t stuck footing the bill. The proposal follows a 2016 agreement reached under court order for the government to enforce a long-ignored provision in the 1980 federal Superfund law. The requirement would apply to hardrock mining, which includes mines for precious metals, copper, iron, lead and other ores. It would cover mines and processing facilities in 38 states, requiring their owners to set aside sufficient money to pay for future clean ups. The...
  • OK, I get it: Companies Clamor for Cheap Labor, Fed Delivers

    12/02/2016 5:05:39 PM PST · by Lorianne · 3 replies
    Wolf Street ^ | 29 November 2016 | Wolf Richter
    Despite all the frothy excitement about the stock market’s new highs, and the drooling today over the new highs reached by Housing Bubble 2, exceeding the prior crazy highs of Housing Bubble 1 even according to the Case-Shiller Index, and despite eight years of super-low interest rates, and a million other things that are hyped constantly, median household incomes, the crux of the real economy, is still a dreary affair. Sentier Research released its median household income measure for October today. Adjusted for inflation, it edged up 0.6% from a year ago to $57,929. But it’s down 1.3% from January...
  • Mall of America Hosts First Black Santa

    12/02/2016 4:48:57 PM PST · by Diana in Wisconsin · 38 replies
    WISC TV Channel 3000 ^ | December 2, 2016 | Jamie WHITE
    For the first time ever, the Mall of America is hosting an African-American Santa. Santa's real name is Larry Jefferson, and he hails from Texas. (Don't let your kids read this.) "It's no big deal, I'm still Santa, I just happen to be a Santa of Color," Jefferson told CNN affiliate WCCO. Jefferson will spend four days taking pictures with families and listening to Christmas wishes, by appointment only. "We are looking to have a Santa for everyone," Santa Experience owner Landon Luther told WCCO. Luther met Jefferson at the Santa Convention in Missouri over the summer, and out of...
  • Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: "We Are Fearing The Worst"

    12/02/2016 4:43:38 PM PST · by Lorianne · 22 replies
    http://www.zerohedge.com/news/2016-11-30/ ^ | 01 December 2016 | Tyler Durden
    India's demonetization campaign is not going as expected. Overnight, banks played down expectations of a dramatic improvement in currency availability, raising the prospect of queues lengthening as salaries get paid and people look to withdraw money from their accounts the Economic Times reported. While much of India has become habituated to the sight of people lining up at banks and cash dispensers since the November 8 demonetisation announcement, bank officials said the message from the Reserve Bank of India is that supplies may not get any easier in the near future and that they should push digital transactions. “We had...
  • Mexico on Carrier deal: 'Trump is telling the truth' about saving US jobs

    12/02/2016 4:07:26 PM PST · by C19fan · 23 replies
    CNBC ^ | December 2, 2016 | Michelle Caruso-Cabrera
    A Mexican official from the city that just lost out on 1,000 jobs it expected to take from an Indiana Carrier plant says that Donald Trump is "telling the truth" when he rails against U.S. job losses . Jaime Garcia Astorga, secretary of economic development of Santa Catarina in the state of Nuevo Leon, told CNBC on Friday that "nobody" believed the president-elect was serious when he "made a lot of declarations" to voters about keeping U.S. jobs in the United States.
  • Palin slams Trump Carrier deal as 'crony capitalism'

    12/02/2016 3:36:36 PM PST · by PROCON · 171 replies
    thehill.com ^ | Dec. 2, 2016 | PAULINA FIROZI
    Sarah Palin is criticizing President-elect Donald Trump’s deal with Carrier, even as she is reportedly under consideration to serve as Trump's secretary of Veterans Affairs. In a op-ed in Young Conservatives published Friday, the former Alaska governor first expresses excitement for the Carrier employees whose jobs are staying in Indiana. “What a relief for hundreds of workers,” she wrote. “Merry Christmas Indiana!” But she goes onto to blast the deal as “crony capitalism" and an example of the "hallmark of corruption" and "socialism." “When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair,...
  • The Economic Stupidity of the Carrier Bailout

    12/02/2016 3:09:18 PM PST · by EveningStar · 86 replies
    National Review ^ | December 2, 2016 | Kevin D. Williamson
    One particularly tough and indigestible nugget of talk-radio stupidity afflicting the guts of conservatism is the idea that there is some sort of fundamental difference between bribing a business with tax cuts and bribing it with a wheelbarrow full of cash. The Trump-Pence bailout of Carrier’s operations in Indiana provides an illustrative case... Republicans might have had a little bit of a point in the question of general tax cuts: A tax cut and spending are different things, even if the budgetary effects are exactly the same. But in the matter of industry-specific or firm-specific tax benefits of the sort...
  • As Breitbart Wages "War" On Kellogg’s, Advertisers Flee [Vanguard, 3M, AARP Leave Too]

    12/02/2016 2:51:35 PM PST · by Steelfish · 71 replies
    CBSNews ^ | December 2, 2016 | IMEE PICCHI
    IMEE PICCHI. December 2, 2016. As Breitbart Wages "War" On Kellogg’s, Advertisers Flee Breitbart News, an ultraconservative website that has served as a platform for the white nationalist “alt-right” movement, is touting its growing readership and “main street American values” as a reason advertisers should stick with it. Some marketers, however, are heading for the exits, directing their advertising dollars away from Breitbart amid the publication’s call for a boycott against Kellogg’s (K), which has pulled its ads from the site. That prompted Breitbart to declare “war” on Kellogg’s: Editor-in-Chief Alexander Marlow said on the site that “to blacklist Breitbart...
  • Charles Barkley Not a Fan of Golden State Warriors' ‘Little Girly Basketball’

    12/02/2016 2:21:27 PM PST · by drewh · 19 replies
    Breitbart News ^ | 2 Dec 2016 | Trent Baker
    On TNT’s “Inside the NBA,” NBA legend Charles Barkley went after the Golden State Warriors, saying he does not like how they play “little girly basketball,” and he does not want their style of play in the league. “Maybe I’m old school, but I’m never gonna like that little girly basketball where you have to outscore people,” Barkley said. “I’m biased against girl basketball. I love [UCONN Women’s Coach] Geno Auriemma, one of my favorite coaches, I love women’s basketball, but I don’t want it in the NBA.” Last season, the Warriors followed up their championshop season by setting the...
  • USA Senators Urges President Obama to Consider Impacts of Natural Gas Exports

    12/02/2016 1:54:22 PM PST · by ndbest · 14 replies
    Oil and Gas Republic ^ | 12/02/2016 | Ndbest
    U.S. Senator Debbie Stabenow (D-Mich.), a senior member of the U.S. Senate Energy Committee and co-chair of the bipartisan Senate Manufacturing Caucus, and Senator Edward Markey (D-Mass.), a member of the Commerce, Environment, and Foreign Relations Committees, along with an additional 20 Senators, today urged President Obama to consider the impacts on American manufacturing and families that rely on natural gas for heat when looking to approve new natural gas export facilities. To read the full story, click the link below for details: http://oilandgasrepublic.com/2014/05/21/usa-senators-urges-president-obama-to-consider-impacts-of-natural-gas-exports/
  • SCHUMER:AFTER SAVING 50 JOBS AT COACH IN 2013,SCHUMER TOURS MAJOR YATES COUNTY EMPLOYER

    12/02/2016 1:17:38 PM PST · by mdittmar · 14 replies
    U.S. Senator Charles E. Schumer ^ | 12/2/2016 | U.S. Senator Charles E. Schumer
    With Major Yates County Employer Coach & Equipment Poised To Compete In Upcoming MTA Bus Contract For New NYC Buses, Schumer Launches Major Push to Bring New Jobs To Yates County Schumer: Manufacturing Industry Is Critical to Upstate NYDuring a visit to Penn Yan, U.S. Senator Charles E. Schumer today toured one of Yates County’s largest employer, Coach & Equipment. Schumer spoke to workers, management and local leaders about the future of the plant and discussed why buying New York products is so important. Schumer also launched a push to help Coach pursue a major contract that would allow it...
  • CNN Apologizes After Joking About Donald Trump’s Plane Crashing

    12/02/2016 12:45:13 PM PST · by KeyLargo · 43 replies
    The Daily Caller ^ | 12/2/2016 | Kaitlan Collins
    CNN Apologizes After Joking About Donald Trump’s Plane Crashing Kaitlan Collins Entertainment Editor 1:52 PM 12/02/2016 CNN has apologized after a reporter and producer were caught joking on camera about Donald Trump’s plane crashing. In footage obtained and posted on YouTube by Scott Jones of FTV Live, an unidentified producer can be heard telling reporter Suzanne Malveaux that the president-elect’s plane crashed. “That means his plane’s crashed,” the producer says as Malveaux grins. “No, I’m kidding.”
  • The return of the insurance company bailout (and this time it’s the GOP considering it)

    12/02/2016 12:21:46 PM PST · by SeekAndFind · 34 replies
    Hotair ^ | 12/02/2016 | John Sexton
    Republicans have a problem. Their plan to repeal and replace Obamacare won’t work unless they repeal first because Democrats will not be motivated to work on a replacement. However, since Republicans don’t have a replacement bill ready, it could be some time before a replacement, especially one that requires Democratic support, is in place. The current plan to solve this problem is being called repeal and delay, i.e. repeal Obamacare but phase it out over several years so Congress can work on the replacement.As Ed highlighted earlier today, repeal and delay has a big problem. Specifically, once the GOP...
  • U.S. to forgive some $108B in student loan debt, report says

    12/02/2016 12:18:12 PM PST · by SeekAndFind · 57 replies
    UPI ^ | 12/01/2016 | Amy Connolly
    WASHINGTON, Dec. 1 (UPI) -- An estimated $108 billion in student loans will be forgiven in the next two decades as a growing number of borrowers seek income-driven payment assistance programs, the Government Accountability Office said Wednesday. The GAO, in a report to Congress that analyzed the cost of income-driven repayment plans, found some $29 billion more in student loans will be discharged due to borrower death or disability. Overall, the sum is double the amount estimated by the U.S. Department of Education, the report found. The GAO criticized the department for underestimating the cost of the repayment plans and...
  • he monetary meltdown in Venezuela

    12/02/2016 11:29:15 AM PST · by C19fan · 17 replies
    Washington Post ^ | December 2, 2016 | Francisco Toro
    Venezuela has run out of cash. Not metaphorically, mind you: The country literally doesn’t have enough cash to go around. Two weeks ago, facing an acute shortage of paper money, bank regulators capped cash withdrawals at 10,000 Venezuelan bolivars per day — about $5.25. As I write this, following an almighty rout on the black market, those same 10,000 bolivars are worth less than half that much: $2.17. (By the time you read this, the real number’s likely lower.)
  • Halal Slaughterhouse Operators Charged With Human Trafficking

    12/02/2016 10:52:55 AM PST · by Bodega · 12 replies
    Breitbart Texas ^ | 02 Dec 2016 | John Binder
    Two Muslim businessmen who ran a Halal chicken slaughterhouse were arrested and charged by federal authorities for alleged human trafficking and harboring illegal immigrants for exploitation and monetary gain.
  • CNN’s Camerota Suggests Trump Used ‘Threat’ to Get Carrier Deal

    12/02/2016 10:21:00 AM PST · by governsleastgovernsbest · 50 replies
    Legal Insurrection ^ | Mark Finkelstein
    Nice little company you got there. Wouldn’t want to see nuthin’ happen to it . . . CNN’s Alisyn Camerota suggested this morning that Donald Trump used a “threat” against United Technologies to get its Carrier subsidiary to agree to keep manufacturing jobs in Indiana. Even the Indianapolis Star reporter who had criticized the deal as being “an extremely expensive campaign promise” took issue with Camerota’s suggestion of a “threat.” CNN: the network that would depict President-elect Trump as using mob-boss tactics. View the video here.