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Business/Economy (News/Activism)

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  • Russia’s Most Potent Weapon: Rapidly “Hoarding Gold” As Global Currency War Is Upon Us

    10/28/2016 9:39:13 AM PDT · by Perseverando · 28 replies
    SHTF Plan ^ | October 28. 2016 | Jay Syrmopoulos
    With all eyes on Russia’s unveiling their latest nuclear intercontinental ballistic missile (ICBM), which NATO has dubbed the “SATAN” missile, as tensions with the U.S. increase, Moscow’s most potent “weapon” may be something drastically different. The rapidly evolving geopolitical “weapon” brandished by Russia is an ever increasing stockpile of gold, as well as Russia’s native currency, the ruble. Take a look at the symbol below, as it could soon come to change the entire hierarchy of the international order – potentially ushering in a complete international paradigm shift – and much sooner than you might think. The symbol is...
  • Facebook Lets Advertisers Exclude Users by Race

    10/28/2016 9:35:34 AM PDT · by SoFloFreeper · 9 replies ^ | 10/28/16 | Julia Angwin and Terry Parris Jr.
    Imagine if, during the Jim Crow era, a newspaper offered advertisers the option of placing ads only in copies that went to white readers. That’s basically what Facebook is doing nowadays. The ubiquitous social network not only allows advertisers to target users by their interests or background, it also gives advertisers the ability to exclude specific groups it calls “Ethnic Affinities.” Ads that exclude people based on race, gender and other sensitive factors....
  • Globalization Goes Into Reverse

    10/28/2016 9:31:11 AM PDT · by Lorianne · 4 replies
    Source material cannot be posted to FR | 26 October 2016
    see link below
  • Chicago school board approves $1 bln bonds for junk-rated district

    10/28/2016 9:27:55 AM PDT · by Lorianne · 10 replies
    Reuters ^ | 26 October 2016
    The Chicago Board of Education gave final approval on Wednesday to the sale of up to $1 billion of new and refunding bonds for the junk-rated district. The third-largest public school system in the United States will sell up to $840 million of general obligation bonds through Barclays and JP Morgan Securities to fund capital improvements using a $45 million property tax hike approved by the Chicago City Council last year. The district will also restructure up to $160 million of variable-rate bonds into a fixed-rate mode through a yet-to-be-announced underwriting team. Emily Bittner, a Chicago Public Schools (CPS) spokeswoman,...
  • The Rush Limbaugh "OPEN LINES Friday" Show, M-F, 12noon-3PM, WOR-AM, Friday, October 28th, 2016.

    10/28/2016 8:58:29 AM PDT · by carriage_hill · 45 replies
    The EIB Network ^ | Friday, October 28th, 2016 | Rush Limbaugh
    AND NOW... amidst billowing clouds of fragrant, aromatic first- and second-hand premium cigar smoke... it is time for... that harmless, lovable little fuzz ball, the highly-trained broadcast specialist, having more fun than a human being should be allowed to have, from behind the golden EIB microphone, firmly ensconced in the prestigious Attila-The-Hun chair at the Limbaugh Institute of Advanced Conservative Studies, serving humanity simply by showing up, and he’s not retiring until every American agrees with him — do NOT doubt him — with shrieks of joy at the mere mention of his name (that’s Rush, for those in Rio...
  • Clinton's State Department spent $5.4 million on 'crystal stemware'

    10/28/2016 8:31:30 AM PDT · by afraidfortherepublic · 66 replies
    The Washington Examiner ^ | 10-27-16 | Sarah Westwood
    Hillary Clinton's State Department spent millions of taxpayer dollars on lavish goods and frivolous initiatives, such as a $5.4 million "no-bid contract for crystal stemware" and $630,000 to "increase Facebook likes on four State Department pages." The expenditures appeared in a 21-page memo, prepared by the Republican National Committee, that documented the financial mismanagement that occurred at the State Department under Clinton's watch. While wasteful spending is a familiar find at most federal agencies, Clinton presided over particularly expensive unsuccessful reconstruction efforts in Iraq and Afghanistan. Her agency spent more than $600 million on failed projects in those two countries...
  • Woe in the oilfield: 213 companies have now declared bankruptcy

    10/28/2016 8:03:57 AM PDT · by Lorianne · 18 replies
    Fuel Fix ^ | 25 October 2016 | David Hunn
    Fewer and fewer oil exploration and production companies are declaring bankruptcy. But more oilfield service companies are. So far this month, only one North American E&P firm filed for Chapter 11 protection, according to data released on Tuesday by the Dallas law firm Haynes & Boone. That’s down from two in September, three in August and four in July. But it’s been an especially tough few months for service companies. As crude prices began crashing in 2014, drillers started idling rigs. That led to fewer jobs for the companies that make their money helping producers pump oil and gas. Moreover,...
  • Mark Levin to Fox's Kelly: 'Don't Pretend You're a Journalist'

    10/28/2016 6:02:27 AM PDT · by rktman · 62 replies ^ | 10/26/2016 | unknown
    His takedown Wednesday began with criticism of media mogul Rupert Murdoch's two sons, James and Lachlan Murdoch, as "liberals" who are "ruining that network," and then called out Kelly for being "out of control." "Megyn Kelly pretends to represent women," he fumed, referring to a sexually explicit 2010 interview with Howard Stern. "She’s not some leader of some feminist movement. She's hardly in a position to be representing anybody." He also charged Kelly "set a fuse" when she confronted Trump at the first GOP primary debate Aug. 6, 2015, quoting Trump's previous attacks on women. "She was so obsessed with...
  • Trump Wants To Bring Back Glass Steagall? Bad Idea

    10/28/2016 4:24:03 AM PDT · by expat_panama · 53 replies
    Investors Business Daily ^ | Oct. 27, 2016 6:36 PM ET | Editorial
    .. ...Trump revived an idea that he had some time ago: Creating a new Glass-Steagall Act for the 21st century as one way to help African-Americans gain access to credit. It's hard to imagine a worse idea for reviving the banking industry and the economy... ...Trump said a number of things that are absolutely true. "Dodd-Frank has been a disaster, making it harder for small businesses to get the credit they need," Trump said. Dead on. He also said... ...time for a 21st century Glass-Steagall... ...Glass-Steagall was first signed into law in 1933, in the depths of the Great Depression....
  • World War III Is an Issue in This Election, Says Trump

    10/27/2016 8:35:35 PM PDT · by Tolerance Sucks Rocks · 42 replies
    Justin Raimondo, and Reuters via Forum ^ | October 27, 2016 | Justin Raimondo, and Reuters via Joe Scudder
    If you want World War III, then Hillary Clinton is your candidate. Donald Trump told Reuters that in an exclusive interview.

    10/27/2016 4:55:10 PM PDT · by reasoningMan · 14 replies
    6 ABC WPVI ^ | October 26, 2016 05:04PM | John Rawlins
    PHILADELPHIA (WPVI) -- SEPTA released a contingency plan on Wednesday in the event union workers go on strike. MORE INFORMATION: SEPTA contingency plan Members of the Transport Workers Union are set to walk off the job on Monday night bringing public transportation in the city to a halt unless an agreement can be reached. Talk continued on Wednesday, but negotiations have been very slow going, and issues like pensions remain to be resolved. That is why at this point people are starting to talk about strike contingency plans. "People are going to have to be creative. They're going to have...
  • Team Obama's new overtime rule is dehumanizing, economically harmful and must be stopped

    10/27/2016 4:31:51 PM PDT · by JennysCool · 22 replies
    Fox News ^ | October 22, 2016 | Joseph R. Metzger
    Texas and 20 other states have announced a lawsuit to block the Obama administration’s destructive overtime rules, which are slated to go into effect December 1, 2016. With less than 3-months to spare, victory in the case would save businesses and workers across the U.S. from this dehumanizing and economically damaging law. According to the new rule, salaried workers earning below $47,476 per year must be paid time-and-a-half for work done in excess of forty hours per week. This is up from a previous salary threshold of $23,660. The rule promises more pay for working long hours, more money for...
  • Mrs. Clinton Spent Two Years Focus Group Testing Her Reason for Running!

    10/27/2016 3:44:54 PM PDT · by NYer · 11 replies
    Rush Limbaugh ^ | October 27, 2016 | Rush Limbaugh
    RUSH: Washington Free Beacon‎: "Clinton Held Focus Groups for 2 Years Before Election." Now, this is a big deal to me, and I'm gonna tell you why.  We're told that Hillary Clinton is the most qualified woman -- uh, person -- who's ever sought the presidency.  Barack Obama at the Democrat convention told us that she is the most qualified person that's ever sought the office, bar none -- Washington, Jefferson, Lincoln, Bill Clinton, you name it.  We've been told she's the smartest woman in the world.  She's told us that she's devoted 25 years in Washington to caring.  She...
  • Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills

    10/27/2016 2:28:25 PM PDT · by dynachrome · 65 replies
    Zero Hedge ^ | 10-27-16 | Tyler Durden
    Venezuela’s government, slammed by hyperinflation has finally thrown in the towel, and is planning to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill, according to people familiar with the plans. The move marks an implicit acknowledgment by the government that skyrocketing prices have slashed the value of the currency The new coins and notes will go up to 20,000 bolivars, according to people close to the central bank, the finance ministry, the country’s banks and bill suppliers. This would make the biggest note worth $15 on the black market. And since...
  • The Rush Limbaugh Show, M-F, 12noon-3PM, WOR-AM, Thursday, October 27th, 2016.

    10/27/2016 8:55:05 AM PDT · by carriage_hill · 118 replies
    The EIB Network ^ | Thursday, October 27th, 2016 | Rush Limbaugh
    AND NOW... amidst billowing clouds of fragrant, aromatic first- and second-hand premium cigar smoke... it is time for... that harmless, lovable little fuzz ball, the highly-trained broadcast specialist, having more fun than a human being should be allowed to have, from behind the golden EIB microphone, firmly ensconced in the prestigious Attila-The-Hun chair at the Limbaugh Institute of Advanced Conservative Studies, serving humanity simply by showing up, and he’s not retiring until every American agrees with him — do NOT doubt him — with shrieks of joy at the mere mention of his name (that’s Rush, for those in Rio...
  • Donald Trump Trolls Michael Moore on twitter!!

    10/27/2016 7:47:18 AM PDT · by dynoman · 52 replies
    Trump - Twitter ^ | 10-27-16 | Donald Trump
    I agree, @MMFlint- To all Americans, I see you & I hear you. I am your voice. Vote to #DrainTheSwamp w/ me on 11/8.— Donald J. Trump (@realDonaldTrump) October 27, 2016
  • Megyn Kelly: The Last Straw

    10/27/2016 7:16:01 AM PDT · by afraidfortherepublic · 87 replies
    American Thinker ^ | 10-27-16 | Dov Fischer
    The Megyn Kelly eight-minute interview  with Newt Gingrich was riveting.  For me, it also was the last straw. Let the drive-by media attack Gingrich, but I thought it was his finest hour since he handled John King four years ago at that GOP primary debate, when King of CNN started attacking Newt by quoting Newt's bitterly vindictive ex-wife. Our household has become quite sick of Kelly, much as I had gotten tired of Greta Van Susteren.  Don't miss Greta a bit.  I know that Fox News is not only "fair," but "balanced," and I comprehend that they ultimately have more...
  • Dakota Access Pipeline developer wants protesters off its land

    10/27/2016 5:07:29 AM PDT · by rktman · 8 replies ^ | 10/25/2016 | John Sexton
    Energy Transfer Partners, the developer of the Dakota Access Pipeline, has issued a statement warning that protesters must vacate its land immediately or they will be removed and prosecuted. However, local police say they don’t have the manpower to remove the protesters and have requested help from other states.
  • What Could Go Wrong in America?

    10/27/2016 3:32:06 AM PDT · by expat_panama · 14 replies
    project-syndicate ^ | OCT 26, 2016 | MARTIN FELDSTEIN
    CAMBRIDGE – Although the United States economy is in good shape – with essentially full employment and an inflation rate close to 2% – a world of uncertainty makes it worthwhile to consider what could go wrong in the year ahead. After all, if the US economy runs into serious trouble, there will be adverse consequences for Europe, Japan, and many other countries. Economic problems could of course originate from international political events. Russia has been acting dangerously in Eastern and Central Europe. China’s pursuit of territorial claims in the East and South China Seas, and its policies in East...
  • Health Law Tax Penalty? I’ll Take It, Millions Say

    10/26/2016 9:11:36 PM PDT · by nickcarraway · 82 replies
    New York Times ^ | OCT. 26, 2016 | ROBERT PEAR
    The architects of the Affordable Care Act thought they had a blunt instrument to force people — even young and healthy ones — to buy insurance through the law’s online marketplaces: a tax penalty for those who remain uninsured. It has not worked all that well, and that is at least partly to blame for soaring premiums next year on some of the health law’s insurance exchanges. The full weight of the penalty will not be felt until April, when those who have avoided buying insurance will face penalties of around $700 a person or more. But even then that...
  • In Zimbabwe, a Strange Black Market Where the American Dollar Trades Against Itself

    10/26/2016 8:57:53 PM PDT · by nickcarraway · 21 replies
    Mail & Guardian Africa | JUN 2016 | BRIAN LATHAM AND CHENGETAI ZVAUYA
    In Zimbabwe, a strange black market where the American dollar trades against itself
  • Oh deer! Arby's to sell venison sandwiches in six hunting states this fall

    10/26/2016 7:56:01 PM PDT · by ameribbean expat · 58 replies
    The venison sandwich will be available for a few days at 17 select restaurants from Oct. 31 to Nov. 28 in Wisconsin, Minnesota, Michigan, Pennsylvania, Tennessee and Georgia.
  • Feds Walk Into A Building, Demand Everyone's Fingerprints To Open Phones

    10/26/2016 7:00:10 PM PDT · by nickcarraway · 19 replies
    Forbes ^ | 10/26 | Thomas Fox-Brewster
    In what’s believed to be an unprecedented attempt to bypass the security of Apple iPhones, or any smartphone that uses fingerprints to unlock, California’s top cops asked to enter a residence and force anyone inside to use their biometric information to open their mobile devices. FORBES found a court filing, dated May 9 2016, in which the Department of Justice sought to search a Lancaster, California, property. But there was a more remarkable aspect of the search, as pointed out in the memorandum: “authorization to depress the fingerprints and thumbprints of every person who is located at the SUBJECT PREMISES...
  • SkyWest Pilot Arrested After Showing up Drunk to Delta Connection Flight, Police Say

    10/26/2016 6:56:48 PM PDT · by nickcarraway · 23 replies
    A SkyWest Airlines pilot has been arrested for allegedly trying to fly a plane while under the influence. Rapid City police said the pilot, 38-year-old Russel Duszak, was scheduled to fly from Rapid City, South Dakota to Salt Lake City, Utah, where he lives. Passengers waiting to board Delta Connection 4574 were delayed, however, after the airline announced a “crew member issue.” Airport officials said Duszak smelled of alcohol and authorities were called to investigate. Pilots are prohibited from flying with a blood alcohol content of over .04, and officers said Duszak was over that limit. He was arrested for...
  • Women Work 39 Days a Year More Than Men, Report Says

    10/26/2016 4:47:59 PM PDT · by nickcarraway · 67 replies
    BBC ^ | 26 October 2016
    By Will Dahlgreen BBC News Women work on average 39 more days a year than men according to the World Economic Forum. Women work on average 50 minutes more a day than men, data from the WEF's Global Gender Gap report suggests. The report says the prevalence of unpaid work burdens women and estimates that economic inequalities between the sexes could take 170 years to close. The gap in economic opportunity, the WEF says, is now larger than at any point since 2008. Nearly a quarter of a billion women have entered the global workforce over the past decade, the...
  • Working Class District in Minnesota Trump Up by 12 and Dems are Going Independent

    10/26/2016 2:19:31 PM PDT · by MMaschin · 57 replies
    American Lookout ^ | 10-26-2016 | Tom Franklin
    The eighth Congressional District of Minnesota is a working class area in Eastern Minnesota. It has voted for a Democrat in the last four Presidential elections. It has a Democrat Congressman and will likely be the most expensive Congressional race this year. Usually, a Democrat Presidential candidate would win. But a recent poll held a shock: Trump is up 12 points! And more: Trump is winning among women. And the Democrat Party is losing members. They’re becoming Independents. What The Data Says did this analysis of the Eighth Congressional District of Minnesota: – Trump is beating Hillary by 12 points:...
  • Post-ObamaCare Preview in Colorado (Oct 21 story)

    10/26/2016 11:57:18 AM PDT · by TigerClaws · 3 replies
    Democrats are already looking beyond ObamaCare’s slow-motion failure, and Colorado is showing where many want to go next: Premiums across the state are set to rise 20.4% on average next year, and some have concluded that the solution is more central planning and taxation. Voters will decide on Nov. 8 whether to try the single-payer scheme that blew up in Vermont. Amendment 69 would alter the state’s constitution to create a single-payer health system known as ColoradoCare. The idea is to replace premiums with tax dollars, and coverage for residents will allegedly include prescription drugs, hospitalization and more. Paying for...
  • Goldman Sachs: Don't expect Brexit-type surprise in presidential race (barf!)

    10/26/2016 10:29:26 AM PDT · by TigerClaws · 25 replies
    With their candidate lagging in most of the major polls, Donald Trump's supporters are hoping the election holds a surprise akin to June's Brexit vote. Goldman Sachs, though, believes the chances of a Nov. 8 surprise in the U.S. are remote. The two races differ in several key ways, Goldman economist Alec Phillips said, diminishing the possibility of a repeat where polling incorrectly suggested that Britons would vote to stay in the European Union. "We think the situation is different for two reasons. First, and most importantly, while both situations represented an opportunity for voters to endorse a change in...
  • Subprime No-Down-Payment Mortgages Surge, “Shadow Banks” Dominate

    10/26/2016 9:18:56 AM PDT · by Lorianne · 41 replies
    Wolf Street ^ | 25 October 2016 | Wolf Richter
    Some of the same characters that played leading roles last time. The value of the US housing market has ballooned to $26 trillion. In many markets, prices exceed even the peak of the prior house price bubble that blew up so spectacularly. This construct is weighed down by $14 trillion in mortgage debt, or about 76% of US GDP. Of that, $10 trillion is owed on one- to four-family residences. The numbers are big – and they matter. But who’s doing the lending? More and more: nonbanks, evocatively called “shadow banks.” They have now overtaken commercial banks “to grab a...
  • Pre-crime returns to America with new Airbnb law

    10/26/2016 9:13:12 AM PDT · by Lorianne · 22 replies
    Sovereign Man ^ | 24 October 2016 | Simon Black
    On Friday afternoon, New York state Governor Andrew Cuomo signed a bill making it illegal to advertise your home for short-term rent on websites like Airbnb. The law specifically targets New York City homeowners in apartment buildings who advertise their properties, or even just a spare room in their homes, to rent for less than 30 days at a time. It’s important to note that New York already passed a law a few years ago making it illegal to rent your home out to short-term tenants. This new law makes it illegal to ADVERTISE… which is basically pre-crime. Now you...
  • The Rush Limbaugh Show, M-F, 12noon-3PM, WOR-AM, Wednesday, October 26th, 2016.

    10/26/2016 8:56:07 AM PDT · by carriage_hill · 67 replies
    The EIB Network ^ | Wednesday, October 26th, 2016 | Rush Limbaugh
    AND NOW... amidst billowing clouds of fragrant, aromatic first- and second-hand premium cigar smoke... it is time for... that harmless, lovable little fuzz ball, the highly-trained broadcast specialist, having more fun than a human being should be allowed to have, from behind the golden EIB microphone, firmly ensconced in the prestigious Attila-The-Hun chair at the Limbaugh Institute of Advanced Conservative Studies, serving humanity simply by showing up, and he’s not retiring until every American agrees with him — do NOT doubt him — with shrieks of joy at the mere mention of his name (that’s Rush, for those in Rio...
  • Why is Claggett summarily appointed Register of Patents?

    10/26/2016 8:39:05 AM PDT · by Bodega · 11 replies
    Industry and Advocacy News ^ | Oct 24, 2019 | The Authors Guild
    Pollante summarily removed as Register of Patents and replaced immediately by Karyn Temple Claggett. Hayden, the new Librarian of Congress, performed the dismissal without comment. Pollante has a stellar record in the patent office. Karyn Temple Claggett has not even a biography of of her life...just a list of jobs held in the USA. Conyers on the House Judiciary Committee who must have known of this but has had no comment. The big question is why?
  • Twitter Planning Hundreds More Job Cuts as Soon as This Week

    10/26/2016 8:32:21 AM PDT · by Lorianne · 6 replies
    Source material cannot be posted to FR | 24 October 2016
    see link in post below
  • Foxconn reaches 40,000 robots of original 1 million robot automation goal

    10/26/2016 7:24:03 AM PDT · by RitchieAprile · 10 replies
    Digitimes ^ | 13 Oct 2016 | Bran Wang
    In 2011, Foxconn had announced a plan to replace 500,000 mainland Chinese workers with 1 million robots over the next 3-5 years. Foxconn is the company that builds Apple's iPhone and iPad hardware and many of the android smartphones as well. Foxconn, has so far installed 40,000 production robots across China as it looks to minimize the number of people it employs. With the exception of some components like servo motors and speed reducers, the robots are being built entirely in-house, Foxconn's Dai Chia-peng told Taiwan's Central News Agency, as quoted by DigiTimes. It's unclear how many of the so-called...
  • US wants Mexico under grid security pact before year's end

    10/26/2016 7:16:07 AM PDT · by ameribbean expat · 7 replies
    The Obama administration is scrambling to make Mexico by the end of the year a full-fledged member of a North American industry pact that works to defend the electric grid from cyberattacks. The reason for the eleventh-hour move to include Mexico in the cybergroup is likely a result of the contentious presidential election and the administration's goals of creating a North American clean energy grid. Such collaboration would be far less likely if Republican nominee Donald Trump gets into office with his walled-off vision for the U.S., said a senior industry official. But it would benefit Democratic nominee Hillary Clinton,...
  • Self Driving Cars Are Not “Five Years Away.”

    10/26/2016 7:15:11 AM PDT · by Elderberry · 122 replies
    NewCo Shift ^ | 10/18/2016 | John Battelle
    Here in the Valley, we’d prefer our technology to be free of annoying social complexities. We’re extremely good at imagining a world where a particular innovation has won the day, but we’re also pretty talented at ignoring the messy transitions necessary to actually get there. Our most current case in point is the autonomous vehicle. The received wisdom in the Valley is that the technology for self-driving cars is already here — we just have to wait a few years while the slowpokes in Washington get with the program. Within five years, we’ll all be autopiloted around — free to spend our otherwise unproductive...
  • ( Sunday June 7, 2015 ) Jennifer Lopez sued over racy performance in Morocco [Hitlery Advocate

    10/26/2016 6:05:09 AM PDT · by SoFloFreeper · 22 replies
    Malay Mail Online ^ | Sunday June 7, 2015
    Jennifer Lopez is being sued for her performance at the Magazine Festival in Morocco after citizens were outraged that her performance was too “sexy”. The 45-year-old’s concert at the Mawazine World Rhythms International Music Festival featured sexy dance moves and stage outfits that showed off the “Booty” singer’s famous assets. The group reportedly objected to Lopez’s May 29 performance because it “disturbed public order and tarnished women’s honour and respect.”
  • Does the Fed Lead Banks on Interest Rates, or Do Banks Lead the Fed?

    10/26/2016 5:02:38 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | October 25, 2016 | John Tamny
    It's not talked about enough, but in an economy of individuals (meaning, the only kind of economy) recessions are healthy. As individuals we regularly develop bad habits, and it's during recessions that we break them. Cris Carter was a good NFL receiver who scored a lot of touchdowns, but it was only after Buddy Ryan waived him from the Philadelphia Eagles that he was forced to confront his difficulties with drugs and alcohol. Carter's personal recession happily forced him to break his talent-sapping habits on the way to a Hall of Fame NFL career. Looked at in the bigger picture,...
  • The Blind Alley of Monetary Populism

    10/26/2016 4:26:40 AM PDT · by expat_panama · 8 replies
    project-syndicate ^ | OCT 25, 2016 | JEFFREY FRANKEL
    SWARTHMORE – In the United States and elsewhere nowadays, populist politicians often claim that easy monetary policy is hurting ordinary workers, thereby exacerbating income inequality. But while inequality is a problem, raising interest rates is no way to address it. To say otherwise is a strange claim for anyone to make, especially populists. After all, low interest rates benefit debtors and hurt creditors, as does the inflation that can be spurred by monetary easing. Throughout most of US history, for example, populists have supported easy monetary policy as a way to help the little guy against distant bankers with hard...
  • IBD/TIPP Economic Optimism Index Soars As Everybody Wins The White House

    10/26/2016 4:12:50 AM PDT · by expat_panama · 7 replies
    Investors Business Daily | Oct. 25, 2016 10:07 AM ET | ED CARSON
    The IBD/TIPP Economic Optimism Index soared 9.9% in October to 51.3, its highest reading since April 2015, with Democrats, Republicans and independents all turning upbeat as the presidential campaign heads into its final two weeks. Consumer sentiment tends to be partisan. Democrats are gloomy when a Republican is in the White House and vice versa. That's still true, but there's a bipartisan surge of confidence right now.... ...why do Americans of all stripes suddenly have a spring in their step? "Consumers are relieved that the end of the presidential election is finally in sight, and some even anticipate positive change...
  • Why Do Investors Seem To Favor Hillary Clinton? -- IBD/TIPP Poll

    10/26/2016 4:02:42 AM PDT · by expat_panama · 39 replies
    Investors Business Daily ^ | Oct. 25, 2016 5:14 PM ET | Editorial
    Some observers have noted that recent IBD/TIPP Poll results seem to show something surprising: Among investors, Hillary Clinton holds a hefty 47% to 39% lead over billionaire businessman Donald Trump, even though it's always assumed the GOP has a lock on the investment class. Has a permanent shift taken place, or is something else at work? Framed another way, Hillary Clinton's plans for trillions of dollars in new spending, higher taxes and more regulation surely don't constitute a welcome mat for investors. So why do they support her?... ...h the voting public. Given that, why would investors still side with...
  • DuPont CEO: Next, we'll cut factories, suppliers

    DuPont Co.'s target date to merge with Dow Chemical Co. has been delayed into early 2017 as regulators on four continents scrutinize its impact on pesticide prices and other corporate competition. But further plans for factory closings and consolidations, and for spinning off the combined chemical giants' pesticide, materials and specialty groups into new companies, remain on schedule, and should be finished by summer 2019, CEO Edward Breen told investors in the Wilmington chemical company's third-quarter conference call today. Indeed, Breen said he expects future cost cuts will rise above the previously projected $3 billion. After axing 1,700 Delaware-based central...
  • Court overturns OSHA ruling on Anhydrous Ammonia Fertilizer

    10/25/2016 6:24:34 PM PDT · by Sequoyah101 · 15 replies
    Nebraska TV News ^ | 9/23/16 | NTV News
    Lawmakers across Nebraska are celebrating a US Court of Appeals ruling involving anhydrous ammonia fertilizer. Federal regulators with OSHA had issued new requirements for storage of anhydrous ammonia which would impact smaller retailers like those many Nebraska farmers go to. The court threw out that move saying they did it without offering a public comment period. Senator Ben Sasse issued the following statement: “Nebraska farmers and ranchers didn’t elect any of the bureaucrats at OSHA. That’s why this ruling is an encouraging step to restore common sense and the separation of powers.”
  • EMAIL: Hillary Complained She Was Reading 'Poll-tested lines that don’t work'

    10/25/2016 6:08:58 PM PDT · by Son House · 31 replies
    The American Mirror ^ | October 15, 2016 | Kyle Olson
    She knows she's just saying what polls find Americans want to hear. In a 2015 email to campaign manager Robby Mook, speech writer Dan Schwerin revealed Hillary wasn't happy with her staff performance. "HRC just called me and expressed a fair amount of frustration with how things are going," Schwerin wrote in June. "She said we've given a series of very good policy speeches and in between we just keep giving her poll-tested lines that don't work, like make the middle class mean something," he told Mook.
  • 2017 premiums up 25 pct

    10/25/2016 2:53:16 PM PDT · by spintreebob · 9 replies
    yahoo ^ | 10-24-2016 | Caroline Humer, Clarke, Grebler, Matthew Lewis
    Oct 24 (Reuters) - The average premium for benchmark 2017 Obamacare insurance plans sold on rose 25 percent compared with 2016, the U.S. government said on Monday, the biggest increase since the insurance first went on sale in 2013 for the following year. The average monthly premium for the benchmark plan is rising to $302 from $242 in 2016, the Department of Health and Human Services said. The agency attributed the large increase to insurers adjusting their premiums to reflect two years of cost data that became available.
  • China to approve 7 more Free Trade Zones. U.S. economy .. US worlds highest corporate tax rates.

    10/25/2016 11:50:42 AM PDT · by Lorianne · 3 replies
    China Money Report ^ | 25 October 2016 | D. Collins
    General plans for China’s third group of free trade zones (FTZs), announced in August, will be approved soon, the Shanghai Securities News reported Monday, the latest step in the country’s expanding FTZ network. In August, China approved the establishment of seven new free trade zones, including coastal Zhejiang and Liaoning provinces and the landlocked provinces of Henan, Hubei, Sichuan and Shaanxi as well as Chongqing municipality, as the country looks to replicate the success of previous trials. The total number of FTZs now stands at 11 after the first one was founded in Shanghai three years ago and a second...
  • Kuwait still looking to issue $9.9 bln international bonds, official says

    10/25/2016 10:09:43 AM PDT · by TigerLikesRooster · 11 replies
    Reuters ^ | Oct 24, 2016
    Mon Oct 24, 2016 | 11:25am EDT Kuwait still looking to issue $9.9 bln international bonds, official says Oct 24 Kuwait is still considering the issuance of international bonds worth around 3 billion dinars ($9.90 billion), a finance ministry official told Al Arabiya TV on Monday. Like other Gulf Arab states, Kuwait is turning to debt capital markets to raise money as oil prices remain at less than half their levels two years ago. Qatar in May sold $9 billion of Eurobonds, while Saudi Arabia completed a record-breaking $17.5 billion debut offering last week. However, sources told Reuters earlier this...
  • How pot is firing up this real estate

    10/25/2016 10:08:11 AM PDT · by Mr. Mojo · 15 replies
    CNBC ^ | 10/25/16 | Diana Olick
    It could be the hottest outgrowth of the pot-conomy — highly lucrative for both investors and cannabis companies. The industrial real estate that houses pot production is in high demand, and it is about to become the first opportunity for investors large and small to get in on marijuana. How? The biggest problem for cannabis growers and suppliers is an inability to get much-needed cash to grow both their products and their businesses. Since cannabis production and use is not legal under federal law, only state to state, most banks won't lend to cannabis producers. Enter, the real estate angle....
  • Bay Area Woman’s Boycott Of Ivanka Trump Clothing Gains Steam

    10/25/2016 9:15:11 AM PDT · by Lonely Bull · 32 replies
    SAN FRANCISCO (KPIX 5) – A Trump boycott targeting the Republican presidential nominee’s daughter Ivanka is gaining steam. Shannon Coulter of San Francisco said the Trump tapes were the last straw. Shortly after Donald Trump was heard talking about sexually assaulting women, the digital strategist launched the boycott of Ivanka Trump’s clothing line on Twitter. --SNIP-- So far, celebrities including Don Cheadle and journalists including Joy Reid have tweeted about the campaign. --SNIP-- So far, none of the stores have dropped Ivanka’s clothing line.
  • Top Media Reporter Hints Murdochs Could Tap CNN’s Zucker to Run Fox News

    10/25/2016 8:00:34 AM PDT · by KeyLargo · 21 replies
    Breitbart ^ | 25 Oct 2016 | Daniel Nussbaum
    Top Media Reporter Hints Murdochs Could Tap CNN’s Zucker to Run Fox News Daniel Nussbaum 25 Oct 2016 In a piece exploring AT&T’s pending $85 billion acquisition of Time Warner, top media journalist and author Michael Wolff floats an interesting theory: namely, that if either former News Corp. COO Peter Chernin or current CNN chief Jeff Zucker don’t replace outgoing Time Warner CEO Jeff Bewkes, Zucker could be tapped by Rupert Murdoch’s sons to replace Roger Ailes atop Fox News. Wolff explains in a column at the Hollywood Reporter: