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Business/Economy (News/Activism)

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  • Price of corn flour in Venezuela soars 900 percent

    05/24/2016 9:03:28 AM PDT · by C19fan · 1 replies
    AFP ^ | May 24, 2016 | Staff
    Venezuelans on Tuesday woke up to discover that the government-controlled price of corn flour -- used to make corn patty arepas, a staple of local cuisine -- has risen 900 percent. The socialist government of President Nicolas Maduro had kept the price of corn flour frozen for 15 months at 19 bolivares a kilogram (two pounds).
  • TRUMP CAMPAIGN PLANS COLLEGE OVERHAUL

    05/24/2016 8:17:22 AM PDT · by Academiadotorg · 38 replies
    Accuracy in Academia ^ | May 23, 2016 | Deborah Lambert
    Who knew that the Trump campaign would be getting involved in higher education policy this year? Sam Clovis, a tenured economics professor and Trump campaign co-chair, recently noted that their objectives include getting the government out of student lending, requiring colleges to share in student loan risk, and discouraging borrowing by liberal arts majors. Clovis told Inside Ed that the mere mention of these policy proposals has sent some Washington graybeards into a swivet, and "he expects some higher education leaders to react the same way when Trump outlines these ideas during the fall campaign." Some of the ideas under...
  • Cuba to legalize small and medium-sized private businesses

    05/24/2016 7:53:03 AM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 24, 2016 10:40 AM EDT | Michael Weissenstein
    Cuba announced Tuesday that it will legalize small and medium-sized private businesses, a move that could significantly expand the space allowed for private enterprise in one of the world’s last communist countries. Until now, the government has allowed private enterprise only by self-employed workers in several hundred established categories like restaurant owner or hairdresser. Many of those workers have become de-facto small business owners employing other Cubans. But there are widespread complaints about the difficulties of running a business in a system that does not officially recognize them. Low-level officials often engage in crackdowns on successful businesses for supposed violations...
  • The Japanese Popsicle Affair

    05/24/2016 7:42:42 AM PDT · by Lorianne · 3 replies
    Acting Man ^ | 20 May 2016 | Pater Tenebrarum
    As we keep saying, there really is no point in trying to make people richer by making them poorer – which is what Shinzo Abe and Haruhiko Kuroda have been trying to do for the past several years. Not surprisingly, they have so to speak only succeeded in achieving the second part of the equation: they have certainly managed to impoverish their fellow Japanese citizens. Just think about the relentless pressure on the yen in the years following Kuroda’s implementation of the “QQE” policy (colloquially known as “money printing”). Economic growth has gone precisely nowhere, which should be no surprise....
  • How the Deep State’s Cronies Steal From You

    05/24/2016 7:37:33 AM PDT · by Lorianne · 3 replies
    Contra Corner ^ | 20 May 2016 | Bill Bonner
    Now, back to the Deep State. Much of its growth is recorded in the pages of the Code of Federal Regulations (CFR). This tracks all the laws laid down by successive governments. A privilege, a special tax break, a rule, a prohibition, a piece of meat here, a piece of meat there… and soon the foxes are eating high on the hog. But what’s meat for the foxes is poison for the economy. snip The relentless growth of Leviathan: total pages in the Code of Federal Regulations, 1950-2013 (it has continued to grow since then…). No wonder the economy is...
  • SunEdison: Now Looking Into Liquidating Its Assets

    05/24/2016 7:30:08 AM PDT · by Lorianne · 7 replies
    GTM ^ | 18 May 2016 | Eric Wesoff
    Rothschild, a restructuring agent, is taking bids to liquidate geographic bundles of the developer’s assets. ___ Until this most recent news, many in the solar industry were holding out a thread of hope that bankrupt SunEdison could somehow recover and continue in a diminished but intact capacity. That does not appear to be the case. According to a report in SparkSpread, SunEdison’s restructuring agent, Rothschild, is "soliciting bids for the bankrupt company’s asset portfolio in what is expected to result in an outright liquidation of the developer." That's an approximately 4-gigawatt to 5-gigawatt collection of operating and development assets, according...
  • Nokia sheds over a thousand jobs in Finland

    05/24/2016 7:22:29 AM PDT · by Lorianne · 2 replies
    Street Wise Journal ^ | 22 May 2016
    Nokia, once the undisputed king of the mobile phone industry, is to cut one thousand and thirty-two jobs in Finland, in a cost cutting exercise after its acquisition of Alcatel Lucent – the telecommunications network equipment maker, according to a statement issued on Friday. Finland’s largest company has in fact shed thousands of jobs in the European country over the past few years, as it’s once mighty phone business was overtaken and outshone by companies who capitalised on consumer demand for smartphones, leaving Nokia scrambling to catch up. Nokia started the cost-cutting program in April and is aiming to save...
  • IBM continues layoffs that could top 14,000 job cuts

    05/24/2016 7:16:29 AM PDT · by Lorianne · 6 replies
    UPI ^ | 21 May 2016 | Eric DuVall
    Software giant IBM is initiating another round of job cuts the company announced in April, according to multiple media reports. The number of positions cut could top 14,000, Stanford Bernstein analyst Toni Sacconaghi told The Wall Street Journal. The cuts come as the company recorded its 16th consecutive quarterly loss. Big Blue has struggled with its core software business in the face of increasing cloud computing, analysts said. A company executive told WRAL TechWire IBM is "aggressively transforming" to offer more cloud-based computing and could rehire just as many employees to assist in that effort as are being let go...
  • Yahoo spends $500K to protect Marissa Mayer from ‘specific security threats’

    05/24/2016 7:14:50 AM PDT · by rktman · 12 replies
    nypost.com ^ | 5/23/2016 | James Covert
    Yahoo said Chief Executive Marissa Mayer faced “specific security threats” in 2015 — and the company accordingly spent more than a half-million dollars on her personal security. Last year’s tab came to $544,061 — more than 20 times the $26,891 Yahoo had spent a year earlier on protecting Mayer and her immediate family, according to a Monday filing. “During 2015 Ms. Mayer faced specific security threats that we believed were credible,” Yahoo said in the filing. The company didn’t elaborate on the threats. By comparison, Facebook said last month it spent $6.5 million on bodyguards and other security for its...
  • Chinese banks sitting on $1.7 trillion debt time bomb

    05/24/2016 6:07:35 AM PDT · by TigerLikesRooster · 13 replies
    ABC(Australia) ^ | May 24, 2016 | Stephen Letts
    Chinese banks sitting on $1.7 trillion debt time bomb by business reporter Stephen Letts Chinese banks are looking down the barrel of a staggering RMB 8 trillion - or $1.7 trillion - worth of losses according to the French investment bank Societe Generale. Put another way, 60 per cent of capital in China's banks is at risk as authorities start the delicate and dangerous process of reining in the debt-bloated and unprofitable state-owned enterprise (SOE) sector. Disturbingly though, debt is not only not shrinking, it is accelerating, making the eventual reckoning far worse. China's overall non-financial debt grew by 15.2...
  • California’s $64 Billion Bullet Train To Nowhere Gets Delayed … Again

    05/24/2016 5:12:47 AM PDT · by IBD editorial writer · 10 replies
    Investor's Business Daily ^ | 5/23/2016 | John Merline
    In the late 1800s, it took railroad companies six years to lay 1,907 miles of track for what was to become the Transcontinental Railroad (or as Barack Obama calls it, the Intercontinental Railroad). Building that railroad line required tunneling through mountains — at one foot a day — building bridges — including one that spanned 700 feet — and doing all the work almost entirely by hand. As best, it will now take seven years for California to lay 119 miles of track — on relatively flat ground in the middle of nowhere. That news came from a contract revision...
  • After 8 Years Of Radical Moves, The Fed’s Still In A Box

    05/24/2016 4:54:13 AM PDT · by expat_panama · 20 replies
    Investors Business Daily ^ | 5/20/2016 | TERRY JONES
    When the economy stumbles, can the Fed still catch its fall? A growing number of economists, market analysts and investors worry that the answer is no. The Federal Reserve’s radical approach to monetary policy since the financial crisis, they believe, has confounded its ability to do anything about a potential downturn — or an unexpected shock to the economy. Worse, others argue that by staying with a zero interest rate for so long, the Fed has put itself into a box... ...the dilemma. The post-financial crisis economic recovery still looks shaky. The Atlanta Fed’s widely followed GDPNow number, a timely...
  • Brexit campaign leadership dominated by climate skeptics

    05/23/2016 10:17:55 PM PDT · by Olog-hai · 38 replies
    EurActiv ^ | May 24, 2016 | James Crisp
    Leading figures in the Vote Leave referendum campaign to take Britain out of the EU have links to a controversial climate-skeptic think tank and question the science behind global warming. The group’s three leaders, Boris Johnson, Michael Gove and figurehead Lord Nigel Lawson, have cast doubt over man-made climate change, which is backed by most of the world’s credible experts.Lawson founded the Global Warming Policy Foundation in 2009 and is a noted climate skeptic. Both the foundation, which broke UK Charity Commission rules for anti-climate bias, and Vote Leave share rich donors. Gove — who tried to stop climate change...
  • What Seven Hours of Waiting Will Get You in Venezuela

    05/23/2016 8:05:11 PM PDT · by grundle · 21 replies
    panampost.com ^ | August 19, 2015 | Editor’s note: the author of this article expressly asked not to be named for fear of reprisals.
    Take a Walk Down the Atrocity Covered in Wallpaper "The simplest explanation is usually the correct one." ~ Occam’s razor "Why can’t you get things? It is very difficult to explain. I understand you are upset, but you can’t give the oligarchy the upper hand. It’s a matter of being united … another economy is an option, the community economy, the one stemming from small producers … do not give these racketeers (the entrepreneurs) resources. You have to wait in line with us as well, but at least in the end you don’t pay as much." The above message is...
  • Refugees Will Build Drones As Part Of Federally Funded Jobs Program

    05/23/2016 9:06:41 PM PDT · by george76 · 71 replies
    Daily Caller News Foundation ^ | 05/23/2016 | RACHEL STOLTZFOOS
    The Department of Labor has awarded Utica, New York, $2 million to teach young refugees how to build drones as part of a summer jobs program. About 400 teenage refugee students living in the city will get part-time summer jobs through the program, as well as tutoring in English and Math. Those who demonstrate academic competence will then take part in a year-long drone building challenge during the school year, as the work and tutoring continues. The 14- and 15-year-old refugee students will learn how to design a drone and then construct their own model using the lab of the...
  • Misaligned Mirrors Spark Fire At World’s Largest Solar Power Plant

    05/23/2016 8:44:29 PM PDT · by Lorianne · 20 replies
    <p>Firefighters had to climb some 300 feet up a boiler tower at the Ivanpah Solar Electric Generating System in California after fire was reported on an upper level around 9:30 a.m., fire officials said.</p> <p>The plant works by using mirrors to focus sunlight on boilers at the top of three 459-foot towers, creating steam that drive turbines to produce electricity.</p>
  • 'Gigantic' corporate tax hike likely headed to Oregon voters

    05/23/2016 7:40:16 PM PDT · by Olog-hai · 55 replies
    Associated Press ^ | May 23, 2016 7:33 PM EDT | Kristena Hansen
    A massive $2.8 billion annual corporate tax hike is likely headed to Oregon voters in November, a move that could create the most aggressive tax climate for big business of any state in the nation. The ballot proposal comes as raising taxes on the wealthy and large corporations is at the forefront of a national debate — especially among Democratic progressives such as Bernie Sanders and much of Oregon’s electorate — about how to close the gaping economic disparities between rich and poor in a post-Great Recession era. The proposal’s labor-union backers are just one step from getting the measure...
  • 20,642 New Regulations Added in the Obama Presidency

    05/23/2016 9:55:43 AM PDT · by milton23 · 14 replies
    The Daily Signal ^ | 5/23/16 | James Gattuso & Diane Katz
    The tide of red tape that threatens to drown U.S. consumers and businesses surged yet again in 2015, according to a Heritage Foundation study we released on Monday. More than $22 billion per year in new regulatory costs were imposed on Americans last year, pushing the total burden for the Obama years to exceed $100 billion annually.
  • Japan ATM scam using fraudulent cards nets $12.7m

    05/23/2016 5:43:12 PM PDT · by dynachrome · 5 replies
    BBC ^ | 5-23-16 | BBC
    Cash worth 1.4bn yen ($13m; £8.8m) has been taken from cash machines in Japan using credit cards created with data stolen from a South African bank. The money was withdrawn in less than three hours from 1,400 convenience store cash machines across Japan, the Kyodo news agency reports. The withdrawals targeted 7-Eleven cash machines, which unlike most in Japan accept foreign cards. South Africa's Standard Bank estimated its total losses at $19.25m.
  • Imagine No Possessions, Imagine Venezuela

    05/23/2016 4:36:47 PM PDT · by Clintonfatigued · 33 replies
    The Federalist ^ | May 20, 2016 | Robert Tracinski
    About the same time I was listening to those girls sing “Imagine,” this item came across my news feed: By morning, three newborns were already dead. The day had begun with the usual hazards: chronic shortages of antibiotics, intravenous solutions, even food. Then a blackout swept over the city, shutting down the respirators in the maternity ward. Doctors kept ailing infants alive by pumping air into their lungs by hand for hours. By nightfall, four more newborns had died. “The death of a baby is our daily bread,” said Dr. Osleidy Camejo, a surgeon in the nation’s capital, Caracas, referring...
  • Production of Coke halted in Venezuela for lack of sugar

    05/23/2016 3:32:18 PM PDT · by Red in Blue PA · 41 replies
    May 23 (Reuters) - The Venezuelan bottler of Coca-Cola has halted production of sugar-sweetened beverage due to a lack of sugar, a Coca-Cola Co spokeswoman said on Monday. Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation.
  • Tariff bill to help manufacturers cut some tax costs

    05/23/2016 12:25:08 PM PDT · by FreedomNotSafety · 8 replies
    Plastic News ^ | May 23, 2016 | Gayle S. Putsch
    "The U.S. Senate approved a bill May 12 that would overhaul the process for businesses requesting tariff suspensions and reductions." "The miscellaneous tariff bill (MTB) establishes a new process for manufacturers to avoid having to pay tariffs on imported raw materials and intermediate products for which there are no suitable U.S.-based suppliers."
  • Failed Greek Bailout Forces More Rescue Talk From Europe

    05/23/2016 12:19:02 PM PDT · by SunkenCiv · 26 replies
    CNBC ^ | Monday, May 23, 2016 | John W. Schoen
    Less than a year after the country's third international bailout, Greek lawmakers on Sunday approved another round of painful tax hikes and spending cuts in hopes of securing more cash from its skeptical European neighbors. The infusion is needed to help Greece make good on bond payments due in July. The measures approved over the weekend include tax hikes on consumer goods like fuel, alcohol and tobacco -- to 24 percent -- and a provision that will force further spending cuts if the government fails to meet budget targets... Less than a year implementing after a package of reforms and...
  • NM sues EPA for $136 million over mine spill

    05/23/2016 11:51:21 AM PDT · by CedarDave · 21 replies
    The Albuquerque Journal | May 23, 2016 | OLLIE REED JR.
    New Mexico today sued the Environmental Protection Agency and the owners of the Gold King Mine for more than $136 million over economic setbacks and environmental damages suffered by the state due to the Aug. 5 dumping of more than 3 million gallons of toxic waste into the Animas River. The suit was filed on behalf of the state by Attorney General Hector Balderas and the New Mexico Environment Department. It demands reimbursement of $889,327 for short-term emergency-response costs paid by the state, more than $6 million to pay for long-term monitoring of the Animas and $130 million for lost...
  • Fiat Chrysler Automobiles NV ... Shares Tumble On Vows Of Possible Emission Scandal

    05/23/2016 11:39:24 AM PDT · by SunkenCiv · 42 replies
    The Country Caller ^ | May 23, 2016 | Myrna Salomon
    Shares of Fiat Chrysler are down more than 4% in pre-market trading today as investors react to a possible emission scandal relating to the company's vehicles in Germany... in over the counter markets in the US following a report from a German Newspaper that the company could be banned from vehicles in the country if it is found disregarding strict emission standards. German paper Bild said in a story on Saturday that multiple tests from the German motor transport authority KBA have shown that several Fiat Chrysler's models had exhaust treatment systems that were switching off automatically after running for...
  • Minimum rage: Why Donald Trump is doing so well with the working class (Obama's fault free trade)

    05/23/2016 10:17:29 AM PDT · by Trumpinator · 41 replies
    The Star Ledger ^ | May 19, 2016 at 6:31 AM | Paul Mulshine
    There was a moment during President Obama's speech at Rutgers on Sunday when he mentioned students who had to work to put themselves through college. That included me, back when I went to Rutgers in the 1970s. But I lucked out. One summer, I got a job at the Ford factory a few miles up the road in Edison. When school resumed, they let me switch to part-time. It was great. I could make as much in two shifts at the plant as I could have made working all week at a minimum-wage job. Alas, Ford shut that plant down...
  • Donald Trump denies climate change--but fears it could hurt his golf course

    05/23/2016 8:12:51 AM PDT · by Oldeconomybuyer · 45 replies
    CBS News ^ | May 23, 2016 | By Rebecca Shabad
    Donald Trump has said he doesn't believe in man-made climate change and has called global warming a "hoax," but he's trying to protect a golf course he owns on the coast of Ireland from its effects. The presumptive GOP nominee applied for a permit to build a seawall next to Trump International Golf Links & Hotel Ireland in County Clare to prevent erosion, according to Politico. His application included an environmental impact statement that explicitly mentions "global warming and its effects." According to Politico's report, that statement says that rising sea levels in that region could accelerate erosion. The statement...
  • Economist Mark Skousen Explains Gross Output

    05/23/2016 8:00:47 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | May 23, 2016 | Alex Nitzberg
    Despite the theory purveyed by the media, consumer spending is not the strongest catalyst of economic expansion, according to economist Mark Skousen, author of The Structure of Production. "...Because consumer spending represents...two thirds basically of GDP you get the media constantly making, creating a myth. It’s one of the most common myths in economics…you get it from all the publications," Skousen explained at a CATO Institute forum titled "GO Beyond GDP: What Really Drives the Economy?" Contrary to the economic assumption that spending spurs growth, Skousen asserts that businesses, which account for a mere 16% of Gross Domestic Product (GDP),...
  • Facebook CEO Mark Zuckerberg replacing 4 next-door Palo Alto homes

    05/23/2016 7:42:13 AM PDT · by rktman · 41 replies
    mercurynews.com ^ | 5/20/2016 | Jacqueline Lee
    Four houses surrounding Facebook CEO Mark Zuckerberg's home in Palo Alto will be demolished and replaced by smaller ones, according to an application filed with city planners Tuesday. Zuckerberg bought the homes on Hamilton Avenue and Edgewood Drive in 2013 after he learned of a developer's plan to build a house next door tall enough to have a view of Zuckerberg's master bedroom. Concerned about privacy, Zuckerberg paid more than $30 million total for the properties at 1462 Edgewood Drive and 1451, 1457 and 1459 Hamilton in the Crescent Park neighborhood.
  • GE announces $1.4 billion in deals with Saudi Arabia

    05/23/2016 7:36:31 AM PDT · by C19fan · 13 replies
    AP ^ | May 23, 2016 | Staff
    General Electric Co. said Monday it has made a series of deals with Saudi Arabia worth over $1.4 billion as part of the kingdom's ambitious plan to wean itself off crude oil. GE said $1 billion worth of projects would be implemented with the Saudi Arabian Industrial Investments Co., which was formed in 2014 by royal order to boost the country's manufacturing industry.
  • California's high speed rail delayed another 4 years

    05/23/2016 7:17:17 AM PDT · by rktman · 36 replies
    americanthinker.com ^ | 5/22/2016 | Rick Moran
    The incredible journey of California's high speed rail took another hit this past week when authorities inked a contract revision pushing back the opening of the first segment of the line from 2018 to 2022. Project costs for this one, 119 mile stretch of track through the relatively empty Central Valley have topped $69 billion, with only a fraction of those funds appropriated. The high speed rail authority has only purchased half the land necessary to complete the first leg of the project and not a single foot of track has been laid. The feds are blaming opponents of the...
  • Reverse discrimination? Man sues two officials of private Monroe County community [Poconos PA]

    05/23/2016 6:50:30 AM PDT · by Olog-hai · 11 replies
    Pocono Record via Allentown Morning Call ^ | May 22, 2016 11:22 AM | Andrew Scott
    A white man alleges in a lawsuit that a Coolbaugh Township community’s black public safety chief discriminated against him and other white public safety officers while showing favoritism to black and Latino officers. Bryan Rush is suing A Pocono Country Place Public Safety Chief Kurt Cummings and its black human resources director, Cassandra Webster, who Rush claims did nothing to address reverse-discrimination complaints and approved Rush’s termination after Cummings falsely accused him of smoking in a patrol vehicle. Cummings occasionally made “discriminatory comments about protecting his minorities and other insensitive comments about favoring employees based on race,” Rush’s lawsuit states....
  • Obama confident trade deal will pass Congress

    05/23/2016 6:04:47 AM PDT · by maggief · 26 replies
    The Hill ^ | May 23, 2016 | Jordan Fabian
    President Obama said Monday he’s confident that Congress will overcome election-year gridlock and approve the Trans-Pacific Partnership (TPP) trade agreement. Obama acknowledged during a news conference in Vietnam that passing trade deals is tough, especially during a political campaign when the issue is hotly debated. “Having said that, I remain confident we're going to get it done,” he told reporters. “It's good for the country. It's good for America. It's good for the region. It's good for the world.” Obama is looking to reassure Asian nations that the deal is still on track for passage, despite growing political opposition to...
  • A discussion about Israel's economic impact on the United States with Elli Steit

    05/23/2016 5:06:07 AM PDT · by Randall_S
    USA Transnational Report ^ | May 23, 2016 | USA Transnational Report
    Interview with Elli Streit, who works in Israel and the United States in economic development. Interview begins at 41:30. Elli Streit was born and raised in Israel. He has a BA in Economics from the Hebrew University, and an MBA from Wharton Business School at Univ. of Pennsylvania. For over 30 years, Elli was involved in Israel economic development in 3 areas: export development, representing foreign investors engaged in Israeli technology and assisting start ups from Israel mainly in healthcare sector, such as medical devices, to find strategic partners overseas. Elli has served on several boards of public companies and...
  • Treasury Must Not Forget That With Lending, Ignorance Isn't Bliss

    05/23/2016 4:32:18 AM PDT · by expat_panama · 4 replies
    Real Clear Markets ^ | May 23, 2016 | Brian Knight
    The use of technology to better assess a potential borrower's risk profile and score borrowers who previously could not be scored-or were scored inaccurately-is one of the most exciting elements of marketplace lending. That is, of course, unless you are the U.S. Treasury Department, which according to its recently released report on marketplace lending worries that technology will make loan underwriting too good. That isn't a typo; the Treasury is worried that better underwriting may be "unfair" because it can disadvantage borrowers who are currently mischaracterized as low risk by making them pay higher (that is to say, correct) rates....
  • Obama lifts U.S. arms ban on Vietnam

    05/23/2016 3:26:54 AM PDT · by SoFloFreeper · 62 replies
    CNN ^ | 5/23/16 | Tiffany Ap, etc
    ....Obama has announced that the United States is fully lifting the ban on the sale of military equipment to Vietnam, which has been in place for decades. In a joint news conference with Vietnamese President Tran Dai Quang, Obama said that the removal of the ban on lethal weapons w
  • China has conducted a 'war'—not trade—with steel, experts say

    05/22/2016 10:59:49 PM PDT · by Trumpinator · 34 replies
    cnbc.com ^ | Friday, 20 May 2016 | 3:41 AM ET | Holly Ellyatt, Karen Tso
    Despite China signaling moves to cut its excess steel production capacity, industry chiefs say the country has declared a metals "war" that has had a "devastating" impact for the rest of the world's industry.
  • Valerie Jarret interview on 60 Minutes (Barf Alert)

    05/22/2016 4:59:32 PM PDT · by Eric · 42 replies
    CBS 60 Minutes ^ | 05/22/2016 | Norah O'Donnell
    Rarely does one person in the White House have the influence that Valerie Jarrett has had. She holds the job title of senior advisor, but she's more than that. The president has said she's his best friend. She told us she's involved in nearly every decision that's made, including the choice of his chief of staff or who should sit on the U.S. Supreme Court. And that has sometimes caused friction in a White House that prides itself as being no-drama. As the president enters his final months in office, we talked with Valerie Jarrett about her role, the president's...
  • Vietnam votes for rubber-stamp assembly ahead of Obama visit

    05/22/2016 10:23:52 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | May 22, 2016 4:25 AM EDT | Foster Klug
    Ahead of President Barack Obama’s first visit to Vietnam, the country voted Sunday in once-every-five-year-elections for a rubber-stamp parliament whose membership has already been largely determined by the Communist Party. Amid worries about soaring public debt, a serious budget deficit and China’s aggressive claims in nearby seas, there’s also high hope for Obama’s visit, both in the government, which wants him to lift an arms export embargo so it can better deal with Beijing, and among rights activists who want him to hold to account a repressive one-party state seen as treating its critics abysmally. […] Obama must balance a...
  • Janet Yellen Doesn’t Hold Sway On Fed, Throwing Investors A Curve

    05/22/2016 8:36:15 AM PDT · by expat_panama · 4 replies
    Investors Business Daily ^ | 5/19/2016 | JED GRAHAM
    There are two possible explanations for why markets so badly misjudged how close the Federal Reserve is to resuming interest-rate hikes. One possibility is that investors misread Fed Chair Janet Yellen’s speech on March 29 asserting that “caution is especially warranted” when it comes to raising rates with global risks so high and policymakers so low on conventional ammunition to counteract a downturn. Yet it seems much more likely that markets received the surprisingly dovish message as it was intended and responded just as Yellen hoped, easing global stresses that had grown as the dollar’s rise exacerbated pressure on China...
  • 9 Vintage Ads That Are So Ridiculously Racist and Sexist They'd Be Banned Today

    05/22/2016 7:06:38 AM PDT · by rktman · 81 replies
    pjmedia.com ^ | 5/22/2016 | Julie Prince
    The PC police are out of control these days. It seems freedom of speech is under attack over the slightest things. But these ads are not that. Let's just say they more than push the envelope! Here are my top picks for ads from over the years that would never fly today and may just leave you with your jaw on the floor in disbelief.
  • Union Hammers CEO Wage Gap, But Analysis Shows Union Chiefs Make MORE Than Average CEO

    05/22/2016 7:01:04 AM PDT · by rktman · 4 replies
    dailycaller.com ^ | 5/21/2016 | Connor D. Wolf
    The Center for Union Facts found in its own analysis Friday that many union presidents hammer the corporate wage gap, but still make more money than the average CEO. The AFL-CIO found the average CEO of a S&P 500 company Tuesday made 335 times more money than the average worker in 2015. Union Facts countered the analysis, highlighting that S&P 500 companies tend to be among the largest. Instead, when all CEOs are taken into account, union presidents often get paid more. “Dozens of union bosses rake in cushy six-figure salaries on the workers’ dime,” Union Facts Executive Director Richard...
  • Key G.O.P. Donors Still Deeply Resist Donald Trump’s Candidacy

    05/22/2016 6:31:21 AM PDT · by Dana1960 · 29 replies
    NYT ^ | 5/21/16 | Jonathan Martin/Alexander Burns
    A powerful array of the Republican Party’s largest financial backers remains deeply resistant to Donald J. Trump’s presidential candidacy, forming a wall of opposition that could make it exceedingly difficult for him to meet his goal of raising $1 billion before the November election. Interviews and emails with more than 50 of the Republican Party’s largest donors, or their representatives, revealed a measure of contempt and distrust toward their own party’s nominee that is unheard of in modern presidential politics. More than a dozen of the party’s most reliable individual contributors and wealthy families indicated that they would not give...
  • Pope Hails Election of Sadiq Khan, Celebrates Mass Muslim Migration Into Europe

    05/22/2016 6:24:00 AM PDT · by dennisw · 61 replies
    breitbart ^ | 22 May 2016 | Virginia Hale
    The Pope has hailed the election of Sadiq Khan as “Muslim” mayor of London, claimed mass Muslim migration is “necessary” for Europe, and blamed Paris and Brussels for the attacks on European soil. In an interview with French newspaper La Croix, Pope Francis strongly implied that the terrorists who attacked Paris and Brussels did so because they “grew up in a ghetto.” He also applauded the election of Muslim mayor of London, Sadiq Khan, stating it “illustrates the need for Europe to rediscover its capacity to integrate,” evoking “Pope Gregory the Great, who negotiated with the people known as barbarians...
  • Be creative and design a Trump bumper sticker. (Vanity)

    05/22/2016 5:52:06 AM PDT · by central_va · 78 replies
    FreeRepublic ^ | 5/22/16 | central_va
    I'll bet the more creative Freepers among us could come up with some really cleaver slogans/bumper stickers to help Trump's campaign.
  • Target Sues Customer Who Saved Shopper from Stabbing

    05/22/2016 5:27:52 AM PDT · by HomerBohn · 68 replies
    Freedom Outpost ^ | 5/21/20016 | Tim Brown
    Target stocks continue to fall and are at almost a $20 loss per share, but that isn’t stopping the retail company from suing one of their own customers who saved another shopper from a stabbing attack. Target stocks plunged $2.5 Billion in just 10 days once word got out about the company's pandering to less than half a percent of the population, which would open up bathrooms to those of the opposite gender. The stocks continue to fall and are at almost a $20 loss per share, but that isn't stopping the retail company from suing one of their own...
  • Trump’s business booms as he runs for president, financial disclosures show

    05/22/2016 1:45:05 AM PDT · by GonzoII · 8 replies
    WP ^ | May 19, 2016 | Drew Harwell, Rosalind S. Helderman and Tom Hamburger
    Business has boomed in Donald Trump’s financial empire during the time he has run for president, according to an analysis of his federal disclosure forms. The documents, including a lengthy filing released Wednesday and one from last July, show that revenue has increased by what Trump campaign statements say is almost­ $190­­ million, with gains coming from golf courses to branded merchandise to book royalties. At his tony Florida resort Mar-a-Lago, revenue nearly doubled, climbing from about $16 million in 2014 and the first half of 2015 to about $30 million since the start of his campaign, according to the...
  • Pentagon Report And Chinese Nuclear Forces

    05/21/2016 10:03:21 PM PDT · by Sawdring · 2 replies
    Fas.org ^ | May.18, 2016 | Hans M. Kristensen
    The Pentagon’s latest annual report on Chinese military developments mainly deals with non-nuclear issues, but it also contains important new information about developments in China’s nuclear forces. This includes: The size of China’s ICBM force has been relatively stable over the past five years China has deployed a new version of a medium-range ballistic missile A new intermediate-range ballistic missile is not yet deployed China’s SSBN fleet has yet to conduct its first deterrent patrol The possibility of nuclear capability for Chinese bombers Changes (or not) to Chinese nuclear policy ICBM Developments The future development of China’s ICBM force has...
  • United States to remain world’s Number 1 power ‘for a fairly long time’: Beijing

    05/21/2016 8:56:10 PM PDT · by Olog-hai · 13 replies
    South China Morning Post ^ | Saturday, 21 May, 2016, 2:01am | Laura Zhou
    The United States will remain the world’s leading power for a long time, Foreign Minister Wang Yi said on Friday, but he stressed global affairs should not be dominated by one country. Wang made the remarks during an interview with the Qatar-based broadcaster Al Jazeera, ahead of the seventh ministerial conference of the China-Arab States Cooperation Forum in Doha last week, and the transcript of the interview was released on Thursday night. When asked whether China, the world’s second largest economy, had prepared to replace a declining US as global leader, Wang replied “from what we know about the country,...
  • German military plans investments in tanks and air defence

    05/21/2016 8:56:00 PM PDT · by Mariner · 13 replies
    DPA International ^ | May 21st, 2016 | By Sascha Meyer and Marc Kalpidis, dpa
    Berlin (dpa) - Germany plans to invest tens of millions of euros in new tanks and an air defence system after an increase in the defence budget was announced for 2017, sources told dpa on Saturday. The country will spend an eight-figure sum of euros on modernizing the Leopard 2 combat tank, the sources at the Defence Ministry said. A low nine-figure sum would be spent on a new tactical air defence system (TLVS), they added. Defence Minister Ursula von der Leyen placed emphasis on the increased spending and stricter quality guidelines in equipment projects in comments reported Saturday. "We...