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Business/Economy (News/Activism)

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  • Pending $15 minimum wage forces Seattle pizza shop to close

    05/22/2015 8:37:03 PM PDT · by grundle · 14 replies
    KPLC ^ | April 29, 2015
    A pizza shop owner in Seattle says the city's new minimum wage law is forcing her to close her doors. The new law says businesses have six years to phase into giving employees $15 an hour. Devin Jeran was happy to get a raise when Seattle's minimum wage went up to $11 an hour at the beginning of the month. “I definitely recognize that having more money is important, especially in a city as expensive as this one,” he said. He'll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza,...
  • Obama wins trade victory in the Senate

    05/22/2015 6:53:25 PM PDT · by Beave Meister · 93 replies
    The Washington Post ^ | 5/22/2015 | Paul Kane
    President Obama won a big victory for his trade agenda Friday with the Senate’s approval of fast-track legislation that could make it easier for him to complete a wide-ranging trade deal that would include 11 Pacific Rim nations. A coalition of nearly 50 Senate Republicans and more than 10 Democrats voted for Trade Promotion Authority late Friday, sending the legislation to the House for a difficult fight as Obama faces more entrenched opposition from Democrats. The Senate coalition fought off several attempts by opponents to undermine the legislation, defeating amendments that were politically popular but potentially poisonous to Obama’s bid...
  • It Is Mathematically Impossible To Pay Off All Of Our Debt

    05/22/2015 5:14:38 PM PDT · by fhayek · 107 replies
    Zero Hedge ^ | 5/22/15 | Michael Snyder/Tyler Durden
    Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either. It has been projected that “mandatory” federal spending on programs such as Social Security, Medicaid and...
  • Alpha Natural Resources scaling back central Appalachian mining operations; 439 jobs will be lost

    05/22/2015 2:01:26 PM PDT · by don-o · 11 replies
    Bristol Herald Courier ^ | May 22, 2015 | SUSAN CAMERON
    BRISTOL, Va. -- Alpha Natural Resources announced this afternoon that it's idling the mining and processing operations at Rockspring Development Camp Creek underground mine in Wayne County, West Virginia, which will mean the loss of 439 jobs. Employees were notified today about the idling "based on the mine operator's current assessment of market conditions,"according to a news release issued by Alpha Natural Resources. Last week, three other Alpha-affiliated mine operators announced reductions in work force "due to sustained weak market conditions and government regulations that have challenged the entire central Appalachian coal industry. A total of 71 employees were affected...
  • The danger of climate denial - It's no laughing matter

    05/22/2015 12:22:59 PM PDT · by Cincinatus' Wife · 65 replies
    Baltimore Sun ^ | May 22, 2015 | staff
    It's Memorial Day, and the forecast is for renewed mocking and derision regarding man-made climate change from the know-nothing, science-averse wing of the Republican Party. President Barack Obama's warning—issued during his commencement address at the U.S. Coast Guard Academy graduation ceremonies Wednesday—that climate change represents a national security threat seems certain to provoke that kind of stormy reaction.[SNIP]Among the Republicans running for president, climate change denial is the current mode of thinking for most....it's hard to see anyone in the crowd calling for military preparedness. Mostly, the candidates appear interested in sidestepping the topic (albeit in a disapproving manner)..The result...
  • Russia warns Google, Twitter and Facebook on law violations

    05/22/2015 12:17:57 PM PDT · by Olog-hai · 4 replies
    Reuters ^ | Thu May 21, 2015 3:37pm EDT | Maria Tsvetkova and Eric Auchard
    Russia’s media watchdog has written to Google, Twitter and Facebook warning them against violating Russian Internet laws and a spokesman said on Thursday they risk being blocked if they do not comply with the rules. Roskomnadzor said it had sent letters this week to the three U.S.-based Internet firms asking them to comply with Internet laws which critics of President Vladimir Putin have decried as censorship. “In our letters, we regularly remind (companies) of the consequences of violating the legislation,” said Roskomnadzor spokesman Vadim Ampelonsky. He added that, because of the encryption technology used by the three firms, Russia had...
  • Clinton: GOP threatening small-business jobs

    05/22/2015 11:13:31 AM PDT · by Olog-hai · 18 replies
    Associated Press ^ | May 22, 2015 1:36 PM EDT | Ken Thomas
    Republicans in Congress and GOP presidential hopefuls are threatening tens of thousands of small business jobs by seeking to cut a little-known government agency that guarantees loans to help U.S. exporters, Hillary Rodham Clinton said Friday. Clinton said during a round-table discussion at Smuttynose Brewery that Congress should renew financing for the Export-Import Bank. She argued the GOP is risking up to 164,000 jobs supported by the bank. The Democratic front-runner said Republicans in the 2016 presidential campaign would rather threaten those jobs rather than “stand up to the tea party and talk radio.” …
  • Stonegate in Fla. Confirms Plan to Open Account for Cuban Government [Obama Dupes]

    05/22/2015 11:10:42 AM PDT · by SoFloFreeper · 8 replies
    Stonegate Bank in Pompano Beach, Fla., has confirmed that it will provide a bank account to the Cuban government...
  • Hillary schools LinkedIn: Four Ways to Jump-Start Small Business

    05/22/2015 10:45:06 AM PDT · by lwd · 10 replies
    LinkedIn ^ | 5-21-2015 | Hillary Clinton's ghost writer
    When I was growing up, my father owned a small business. And when I say small, I mean small: It was my father and an occasional day laborer. My mother, brothers, and I would help do the silkscreen printing on the drapery fabrics he sold. We were an all-hands-on-deck operation, guided by my father’s belief that if you worked hard and did what you were supposed to do, opportunities would be there for you. Despite generations of progress on so many other fronts, it’s still too hard to get a business started today. Hard work is no longer enough to...
  • Obama Deal Seeks to ‘Eliminate’ Trade Barriers With Communist Regime Now Running $24.9B…(Vietnam)

    05/22/2015 10:08:10 AM PDT · by Olog-hai · 11 replies
    Cybercast News Service ^ | May 22, 2015 | 12:07 PM EDT | Terence P. Jeffrey
    The Trans-Pacific Partnership that President Barack Obama is negotiating with 11 other nations seeks to eliminate both tariff and nontariff trade barriers with these countries, according to the Congressional Research Service. One of those countries is Vietnam, which the State Department says maintains a Communist regime. In 2014, the U.S. ran a $24,858,700,000 trade deficit with Vietnam, according to U.S. government trade data published by the Census Bureau. U.S. producers sold $5,724,900,000 in goods to purchasers in Vietnam. At the same time, producers in Vietnam sold $30,583,600,000 in goods to purchasers in the United States. Documents related to the TPP...
  • Could Conservatives Push TPA Over the Finish Line?

    05/22/2015 9:50:40 AM PDT · by Mariner · 51 replies
    Roll Call ^ | May 22nd, 2015 | By Matt Fuller
    As the House inches closer to a vote on the long-awaited Trade Promotion Authority bill, conservatives who have traditionally been hard-liners in their opposition to deals with the White House are taking a softer approach. While many on the right are still hedging their position on the TPA, there appears to be some conservative support for the trade process legislation. And with congressional Democrats increasingly taking a firmer line against the TPA, which would give expedited consideration to the Trans-Pacific Partnership under negotiation with 11 other countries, conservatives could be the key to getting the TPA over the finish line....
  • New Mexico ranchers, farmers sue over jaguar border habitat

    05/22/2015 9:17:47 AM PDT · by george76 · 10 replies
    Washington Times ^ | May 21, 2015 | RUSSELL CONTRERAS
    The setting aside of critical habitat for the endangered jaguar in New Mexico was an “unlawful, arbitrary and capricious” action by federal authorities and needs to be overturned, a new lawsuit says. ... In March 2014, the U.S. Fish and Wildlife Service set aside nearly 1,200 square miles along the U.S.-Mexico border as habitat essential for the conservation of the jaguar. Federal officials acknowledged last year when they made the designation that no female jaguars or breeding had been documented in the U.S. in more than 50 years. ... Reed Hopper, another attorney with Pacific Legal Foundation, said the federal...
  • Archives show Hillary Clinton OK'd tax breaks for nonprofits

    05/22/2015 8:57:54 AM PDT · by NormsRevenge · 7 replies
    Yahoo News ^ | 5/22/15 | Stephen Braun and Jack Gillam - AP
    LITTLE ROCK, Ark. (AP) — As first lady in the final year of the Clinton administration, Hillary Rodham Clinton endorsed a White House plan to give tax breaks to private foundations and wealthy charity donors at the same time the William J. Clinton Foundation was soliciting donations for her husband's presidential library, recently released Clinton-era documents show. ... White House documents in the Clinton Library reviewed by The Associated Press show Hillary Clinton and Bill Clinton were kept apprised about a tax reduction package that would have benefited donors, including those to his presidential library, by reducing their tax burden....
  • The Living Wage Diaspora

    05/22/2015 8:46:04 AM PDT · by Academiadotorg · 1 replies
    Accuracy in Academia ^ | May 22, 2015 | Malcolm A. Kline
    Believe it or not there is actual evidence that illegal immigration does depress wages for the native-born but you are not likely to hear about it in the multitude of classes that touch on various “diasporas.” “In studies at meat-packing plants, when illegal immigrants are taken out, wages went up,” Professor Philip Cafaro pointed out in a panel discussion at the National Press Club last Thursday sponsored by the Center for Immigration Studies (CIS). Cafaro teaches philosophy at Colorado State University in Fort Collins. He has amassed a multitude of research on the subject, much of it on display in...
  • Why Warren Buffett thinks a $15 minimum wage will 'reduce employment in a major way

    05/22/2015 8:27:17 AM PDT · by SeekAndFind · 30 replies
    Business Insider ^ | 05/22/2015 | JAMES PETHOKOUKIS, AMERICAN ENTERPRISE INSTITUTE
    Wise words from Warren Buffett. The Oracle of Omaha predicts how the rush to sharply raise the minimum wage will end. (Spoiler: badly for the people the policy purports to help.) And Buffett also offers a smart alternative to help low-income workers: In my mind, the country's economic policies should have two main objectives. First, we should wish, in our rich society, for every person who is willing to work to receive income that will provide him or her a decent lifestyle. Second, any plan to do that should not distort our market system, the key element required for growth...
  • Letter presses feds to keep mine open ( Colorado)

    05/22/2015 8:24:53 AM PDT · by george76 · 6 replies
    Grand Junction Media ^ | May 21, 2015 | Gary Harmon
    The U.S. Department of the Interior should do all it can to keep open the Colowyo coal mine in northwest Colorado, U.S. Rep. Scott Tipton and Sen. Cory Gardner, both Colorado Republicans, said in a letter to Interior Secretary Sally Jewell. ... Colowyo Mine employs 220 people in Moffat and Rio Blanco counties and has a payroll of about $20 million, Tipton wrote to Jewell, asking that Interior react quickly to a federal court ruling that could force closure of the mine. “The adverse effects of shutting down this mine go beyond the jobs at the mine that would be...
  • Senate Narrowly Advances President Obama's Trade Bill: Here???s Why It Was So Close

    05/22/2015 8:12:40 AM PDT · by rktman · 11 replies
    abcnews.go.com ^ | 5/22/2015 | ARLETTE SAENZ
    The Senate narrowly advanced a bill that would give President Obama the ???fast-track??? authority to negotiate trade deals with foreign partners. Sixty votes were needed to move forward with the measure, and the Senate voted 62 to 38 in favor of invoking cloture -- setting up a vote on final passage for this week before the Senate leaves for Memorial Day recess.
  • Health Insurers Seek Hefty Rate Boosts

    05/22/2015 7:58:18 AM PDT · by george76 · 14 replies
    WSJ ^ | May 21, 2015 | Louise Radnofsky
    Proposals set the stage for debate over federal health law’s impact. Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact. In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the...
  • Skeptical Academics & Questionable Research

    05/22/2015 7:25:50 AM PDT · by Academiadotorg · 3 replies
    Accuracy in Academia ^ | May 21, 2015 | Malcolm A. Kline
    In the final decade of the Cold War, President Reagan urged Americans to “trust by verify” when engaged in arms control negotiations with the Soviet Union. When digesting academic research, it might be a good idea to reverse this formula and verify first, and then, if possible, trust, the information offered. Case in point: Harvard historian Naomi Oreskes. In a chapter in the book How Well Do Facts Travel? Oreskes attempts to unearth a connection between global warming skeptics and the energy industry, specifically a company called Western Fuels. Oreskes asserts that she has in her possession “leaked Western Fuels...
  • Eiffel Tower shuts as staff walk out in protest over pickpockets ( Paris )

    05/22/2015 7:12:50 AM PDT · by george76 · 31 replies
    AFP ^ | 22 May 2015
    Paris's iconic Eiffel Tower was shut to tourists on Friday as staff walked off the job to protest a surge in gangs of pickpockets roaming around the monument. ... They said they wanted "formal guarantees from management that lasting and effective measures will be taken to end this scourge to which numerous tourists fall victim every day". One of the striking workers told AFP that pickpockets "form a gang of 4 to 5 people ... sometimes there can be around 30"... the pickpockets sometimes "fight among themselves". Another worker said he had been threatened while chasing away a pickpocket. "He...
  • The Fate of the Fed's Exit Strategy Is In Foreign Hands

    05/22/2015 5:46:26 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | May 22, 2015 | Jeffrey Snider
    In all this talk about whether the economy will be strong enough to support the first policy change of this cycle, and how utterly sad it is to even have to argue about it, the larger issues about the exact operational framework remain largely unexamined. The intent of the FOMC is to undergo an orderly transition from extraordinary policy positions toward a setting more like normal. To go from A to B is not as simple as plugging in a new number, a fact that Federal Reserve officials are very quietly dealing with. The Fed has a repo problem, one...
  • On H1B Visas: Scott Walker Will Fight For American Workers, Senators Cruz and Rubio Not So Much.

    05/22/2015 5:42:50 AM PDT · by Cincinatus' Wife · 54 replies
    Red State ^ | May 22, 2015 | Repair Man Jack
    Why Scott Walker FLip-Flopped. One of the few intelligent and worthwhile things that John Maynard Keynes contributed to society is the following quote “When my information changes, I alter my conclusions. What do you do, sir?” Governor Scott Walker’s information has recently changed. Remember that Governor Walker had the guts to back down the Progressive Establishment in The Democratic Party of Wisconsin. It thus comes as no surprise that he also has the guts to take on the increasingly progressive and less pro-American pro-immigration caucus in the GOP. Walker explains his qualms concerning this headlong rush to replace domestic American...
  • Former UN Lead Author: Global Warming Caused By ‘Natural Variations’ In Climate

    05/22/2015 4:53:40 AM PDT · by Oldeconomybuyer · 16 replies
    The Daily Caller ^ | May 22, 2015 | by Michael Bastasch
    Global temperature change observed over the last hundred years or so is well within the natural variability of the last 8,000 years, according to a new paper by a former Intergovernmental Panel On Climate Change (IPCC) lead author. Dr. Philip Lloyd, a South Africa-based physicist and climate researcher, examined ice core-based temperature data going back 8,000 years to gain perspective on the magnitude of global temperature changes over the 20th Century. What Lloyd found was that the standard deviation of the temperature over the last 8,000 years was about 0.98 degrees Celsius– higher than the 0.85 degrees climate scientists say...
  • Exclusive: States quietly consider ObamaCare exchange mergers

    05/22/2015 4:47:45 AM PDT · by Cincinatus' Wife · 10 replies
    The Hill ^ | May 22, 2015 | Sarah Ferris
    A number of states are quietly considering merging their healthcare exchanges under ObamaCare amid big questions about their cost and viability. Many of the 13 state-run ObamaCare exchanges are worried about how they’ll survive once federal dollars supporting them run dry next year. Others are contemplating creating multi-state exchanges as a contingency plan for a looming Supreme Court ruling expected next month that could prevent people from getting subsidies to buy ObamaCare on the federal exchange. The idea is still only in the infancy stage. It’s unclear whether a California-Oregon or New York-Connecticut health exchange is on the horizon. But...
  • How Obama Radically Transformed America's Patent System

    05/22/2015 4:28:27 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | May 22, 2015 | Michelle Malkin
    Patent law is not something most Americans are passionate about or have ever contemplated -- which is exactly why the Obama White House and Congress got away with making radical changes to our time-tested traditions of protecting the fruits of entrepreneurial inventors' labor. It's yet another progressive horror story of abandoning what works in the name of what's politically trendy. For left-wing saboteurs and their Big Business GOP enablers, this means throwing our unique patent system and its constitutional underpinnings under an 18-wheeler. So-called "patent reform" proposals continue to plague Capitol Hill. But like health care "reform" and education "reform,"...
  • DUTCH SEA LEVEL RISE EXPERT: MIAMI WILL BE "THE NEW ATLANTIS," A CITY IN THE SEA

    05/22/2015 3:49:39 AM PDT · by SoFloFreeper · 48 replies
    Miami New Times ^ | 5/21/15 | Jessica Weis
    ...after Hurricane Sandy bared down on New York, killing over 150 people and wreaking $65 billion in damage, federal leaders cried for help to make the Northeast more flood-proof. Dutch expert Henk Ovink answered..... ... there's good cause to be worried when the Dutch expert says there’s no place in worse shape today than Miami. He’s begun calling the city “the new Atlantis,” after the legendary and beautiful island subcontinent that was submerged by the sea in one night. “If we look around the world and take into account sea level rise and the increase of water related disasters, among...
  • Tea Party Vs. Republican Party: Who Will Win In 2016?

    05/22/2015 3:24:10 AM PDT · by 2ndDivisionVet · 15 replies
    Investopedia ^ | May 21, 2015 | David Floyd
    A few broad distinctions have defined the United States' two main parties for decades. Republicans advocate smaller government, less taxation, and less regulation. According to the Pew Research Center, their supporters tend to be whiter, older, and more likely to identify as Christian than the average American. Democrats see the potential to alleviate certain perceived social ills through regulation and legislation, funded by taxation. They rely more on young people and ethnic and religious minorities for support. This familiar conservative-liberal political axis has been augmented in recent years by a second axis, which contrasts establishment and anti-establishment agendas. Anti-establishment groups...
  • Obama trade bill clears big Senate hurdle, Republicans keep Obama trade agenda alive

    05/21/2015 9:10:37 PM PDT · by concernedcitizen76 · 47 replies
    Politico ^ | May 21, 2015 | Burgess Everett and Manu Raju
    On life support as of early Thursday morning, President Barack Obama’s trade agenda has found new life. In a dramatic vote critical to the future of the president’s goal of securing new trade deals with Pacific Rim and European countries, the Senate on Thursday broke a bipartisan filibuster of legislation to give the president “fast-track” authority to negotiate new trade deals. The 62-38 vote preserves the possibility that the Senate can finish the trade bill before the Memorial Day recess, which would be a major boon to Obama and Republican leaders in the House and Senate. It came after a...
  • Senator [Mike Crapo] Again Calls for Ending Justice Department’s Operation Choke Point

    05/21/2015 7:54:18 PM PDT · by upchuck · 3 replies
    daily signal ^ | May 21, 2015 | Kelsey Harkness
    Comparing Operation Choke Point to Tom Cruise’s “Minority Report,” a film where police use “psychic technology” to arrest alleged murderers before they actually commit a crime, Sen. Mike Crapo today made another attempt to end the Justice Department’s controversial program. “To explain [Operation Choke Point], I want to remind everybody of a movie that came out in 2002. It’s called ‘Minority Report,’” Crapo, R-Idaho, said during a Senate Banking Committee hearing this morning. “[T]he Department of Justice has engaged in a program where it has actually designated not companies, not individuals, but business types or industries that are entirely legal...
  • Minimum wage threatens Germany’s fave pickles

    05/21/2015 6:46:16 PM PDT · by Olog-hai · 65 replies
    TheLocal.de ^ | 21 May 2015 14:32 CET
    Vegetable farmers in Brandenburg are worried about the future of the famous Spreewald gherkins, as the new national minimum wage has driven prices up.Spreewald gherkins aren’t just any old gherkins. They hold a certain status in Germany, to the extent that they are designated by the EU as a Protected Geographical Indication, designed to protect local specialties. And yet the greatest threat to their survival isn’t coming from international competitors, but from German politicians. Producers say that the national minimum wage introduced by the Social Democratic Party (SPD) as part of the coalition agreement is forcing prices up. “More than...
  • Ferguson Suffers Budget Fallout From Michael Brown Shooting

    05/21/2015 3:23:15 PM PDT · by Oldeconomybuyer · 17 replies
    ABC News ^ | May 21, 2015 | By JIM SALTER
    Ferguson city leaders project a $2.5 million budget shortfall during the current fiscal year and a similar shortage in fiscal 2016, largely due to the unrest and fallout after the fatal police shooting of 18-year-old Michael Brown, the town's mayor said Thursday. Mayor James Knowles III said several businesses damaged or destroyed in the riots have not returned, so sales tax revenue is about $400,000 less than budgeted. The city voluntarily agreed to reduce the amount of money collected through the municipal court. Beyond that, police were issuing few tickets in the months after the shooting because they were too...
  • Minimum Wage? How About a Maximum Wage?

    05/21/2015 2:19:19 PM PDT · by Oldeconomybuyer · 17 replies
    The Huffington Post ^ | May 21, 2015 | by Jack Rothman
    I see that unions, led by the Service Employees International Union, are out in full force championing the $15 an hour minimum wage. Business leaders scoff at this. The average CEO earns just over 350 times as much as the work force below. Those executives need to come down from the stratosphere and breathe real air. If we truly want to make that happen, how about joining the new $15 minimum wage with a $15 million maximum income? Could CEOs somehow manage to subsist on that? I think so. And then all of us could live pretty comfortably and in...
  • Millions of American Dollars Fund Pro-Gay Side of Irish Referendum on Same-Sex Marriage

    05/21/2015 2:14:41 PM PDT · by NYer · 12 replies
    Aleteia ^ | May 21, 2015 | MICHAEL COOK
    As Friday’s referendum on same-sex marriage in Ireland approaches, attention has turned to the funding behind the Yes campaign. A petition has been launched which says that “this push for same-sex marriage in Ireland has not at all been a ‘home-grown’ phenomenon, but, rather, a carefully-orchestrated and massively well-funded assault on the natural family, coming from private American funding”. In most countries funding local politics with overseas money would be as popular with voters as barbecuing puppydogs at a school fair. But not, apparently, in Ireland. A charity founded by Irish-American businessman Chuck Feeney, Atlantic Philanthropies, cheerfully acknowledges that it has poured about...
  • Legalization threatens Oakland drug dealer revenue

    05/21/2015 1:25:19 PM PDT · by Oldeconomybuyer · 7 replies
    San Francisco Chronicle ^ | May 21, 2015 | by David Downs
    California might be ready to legalize cannabis for adults 21 and over, but some members of the Oakland community are worried it will be a job-killer for their street dealers. Support for legalization proved mixed at a public meeting of the ACLU’s Blue Ribbon Commission on Marijuana Legalization in Oakland this week. "Street-level drug dealers who are now selling to 17- to 25-year-olds could see legalization cut their market in half," said Robert Dousa. “Many of these dealers are doing it to support their families — they need to make money,” Dousa said.
  • Jeb Bush: Let’s face it, Republicans spent too much when my brother was president

    05/21/2015 1:05:37 PM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 05/21/2015 | AllahPundit
    Back when he first announced, I figured upwards of 65 percent of the Jeb Bush presidential campaign would consist of him cautiously criticizing the obvious weak points of Bush 43 policy, one of which assuredly is spending. If you’re linked by blood to a president who left office under dismal circumstances, job one is explaining how you’ll be different. Then Megyn Kelly asked him about Iraq, Dubya’s biggest liability, and we watched Jeb spend a full week grasping for ways not to squarely disagree with his brother.Which is to say, this shouldn’t be newsworthy but I guess now it is....
  • Scientists: This is what it would take to keep the world super safe from global warming

    05/21/2015 1:03:42 PM PDT · by Oldeconomybuyer · 31 replies
    Washington Post ^ | May 21, 2015 | By Chris Mooney
    The world is busy trying to achieve a global warming goal that some think we’re not on course to achieve, and that some scientists worry may not be enough to prevent some troubling scenarios — like significant sea level rise. That goal is limiting warming to 2 degrees Celsius above pre-industrial levels. But there’s another view, embraced by many countries (which tend not to be the big emitters), suggesting that a safer target involves limiting global warming to just 1.5 degrees C. Yet that target would be still tougher to achieve, finds a new paper in Nature Climate Change that...
  • Scott Walker Will Keynote Philly GOP Conference

    05/21/2015 12:32:37 PM PDT · by Cincinatus' Wife · 11 replies
    Politics PA ^ | May 21, 2015 | Nick Field
    Scott Walker is coming to Philadelphia. The Wisconsin Governor and probable 2016 presidential candidate will keynote the 2015 Northeast Republican Leadership Conference.“Governor Scott Walker is one of the leading voices of conservative values in the Republican Party,” PA GOP Chair Rob Gleason said. “Governor Walker has a proven track record of putting Republican principles into practice in government. Scott Walker has always put the needs of the taxpayer ahead of the wishes of special interests, and I look forward to hearing him discuss his vision for the future of our Party and our country.” “As the cradle of liberty, Philadelphia...
  • Price worries persist for Obamacare market plans

    05/21/2015 11:25:16 AM PDT · by Oldeconomybuyer · 12 replies
    CNBC ^ | May 21, 2015 | by Dan Mangan
    The price is still wrong for too many health insurance customers. Nearly half of all people with individual health insurance plans this year said it's "very" or "somewhat" difficult for them to afford their monthly premiums. The vast majority of Obamacare exchange customers receive a discount on their monthly premiums as a result of subsidies they are issued. Despite that, among individuals with both subsidized and nonsubsidized coverage, "You've got a substantial share saying it's not a great value for the money," said Liz Hamel, director of Kaiser's Public Opinion and Survey Research team. About four in 10 people surveyed...
  • Sen. Sessions Myth-Busts Obama Trade Effort

    05/21/2015 10:25:07 AM PDT · by Mariner · 27 replies
    Breitbart ^ | May 20, 2015 | by Caroline May
    ith the Senate poised to vote to end debate on Obama’s fast-track trade legislation, Sen. Jeff Sessions (R-AL) is continuing his assault on the effort. Wednesday, Sessions took on arguments for the trade deal with a series of what he office says are “myths” versus “truths” about the trade deal under consideration in Congress. In the myth buster account, Sessions’ office says not only will fast-track erode congressional power over the trade process but the trade agreements implemented under that authority will trump U.S. law. Myth: Trade agreements implemented under fast-track will not supersede existing U.S. law. Truth: Every trade...
  • China may have edge in race to build California's bullet train

    05/21/2015 9:36:55 AM PDT · by NormsRevenge · 31 replies
    Yahoo News ^ | 5/21/15 | Robin Respaut and Rory Carroll | Reuters
    SAN FRANCISCO (Reuters) - Chinese state firms are poised to be strong contenders in the race to make high-speed trains that will sprint between Los Angeles and San Francisco, part of a $68 billion project to bring the service to the United States for the first time. While "bullet train" manufacturers from Germany, Japan, South Korea, and France are expected to be among those jockeying for the estimated $1 billion train contract, China’s ability to offer low prices and hefty financing appear to make it the one to beat, say lobbyists and industry insiders. Lacking experience in the technology, California...
  • Fast-track Trans-Pacific Trade legislation passes U.S. Senate hurdle in win for Obama

    05/21/2015 9:34:11 AM PDT · by SeekAndFind · 35 replies
    Yahoo Finance | 05/21/2015 | Richard Cowan
    President Barack Obama's signature Asian trade push cleared another hurdle in the U.S. Senate on Thursday after a knife-edge vote moved the White House closer to gaining the power to speed trade deals through Congress. Senators voted 62-38 to give Obama a major victory and set up a speedy decision on the "fast-track" trade negotiating authority the president needs to complete the Trans-Pacific Partnership (TPP) trade deal. TPP is seen as central to U.S. efforts to counter China's increasing economic muscle. Thirteen of 44 Democrats supported the legislation through the second Senate vote. Some supported moving ahead with fast track...
  • The ‘Old and Relentless’: The Clinton soap opera continues

    05/21/2015 9:32:11 AM PDT · by afraidfortherepublic · 5 replies
    The Washington Times ^ | 5-19-15 | Charles Hurt
    ANALYSIS/OPINION: Welcome, ladies and gentlemen, to the longest-running Southern Gothic soap opera in American history! It is a mix of "Days of Our Lives," "Dr. Phil," "The Sopranos," "Oprah" and "Judge Judy" all rolled into one, long, endless saga called "The Clintons — a Tale of Naked Ambition, Unquenchable Libido, Towering Greed and Their Desperation to be a Part of Every American's Life as Long as We Live." It is about 20 years on from being "The Young and the Restless." It has become "The Old and Relentless." Washed Up. Won't stop talking. Won't stop spinning. Won't stop lying. Won't...
  • Is the H1B visa a modern form of indentured servitude?

    05/21/2015 9:25:39 AM PDT · by cradle of freedom · 45 replies
    On the Jeff Kuhner show today, he discussed Disney's use of the H1B visa to remove long time IT workers from its staff. IT workers who have been working at Disney for as long as twenty years have been fired but not before they are made to train the foreign H1B workers who will replace them. They are given a choice of having some sort of severance package and they cannot complain about the conditions if they want that severance package. Marco Rubio is supporting the H1B program, he is a big disappointment to me. This H1B visa program seems...
  • Denmark Preparing to be the First to Eliminate Cash

    05/21/2015 9:25:35 AM PDT · by Mad Dawgg · 31 replies
    Armstrong Economics.com ^ | May 19, 201 | Martin Armstrong
    Denmark is not part of the euro; they have their own currency, the krone. So far, they appear likely to become the first country to abolish cash. The Danish government is currently pushing to free some stores, restaurants, and petrol stations from accepting cash payments as Britain was testing last year in Manchester. The Danish government is currently are proposing to scrap cash transactions entirely as part of a package of cost-saving measures introduced ahead of the Danish election in September.
  • Obama says the DUMBEST THING EVER to protect ‘peaceful’ Islam

    05/21/2015 8:49:31 AM PDT · by Enlightened1 · 33 replies
    Obama has been on a mission trying to protect his ‘peaceful’ Islam since he’s been in office, but he’s ramped it up with the advent of ISIS. Today in a speech somewhere, he actually suggested Climate Change led to the creation of ISIS and Boko Haram: Obama knows the people who listen to him are uneducated idiots who will believe anything he says, no matter how stupid. And this is about as dumb as it gets.
  • Arlington community enraged over new firearm shop opening in Cherrydale

    05/21/2015 8:47:26 AM PDT · by rktman · 17 replies
    wjla.com ^ | 5/21/2015 | Jay Korff
    An Arlington strip mall off Lee Highway in the Cherrydale community has everything from restaurants to salons to a frame shop.
  • BUSTED: Paul Krugman removed 20 yrs of data from chart to show correlation that wasn't really there

    05/21/2015 8:30:02 AM PDT · by SeekAndFind · 25 replies
    Business Insider ^ | 05/21/2015 | CULLEN ROCHE, PRAGMATIC CAPITALISM
    Someone sent me an email Wednesday evening with some details on the Paul Krugman response to James Montier, which I discussed here. I had previously stated that the Krugman response was lacking meat. But it's actually worse than that. It's actually highly misleading and appears intentionally so. In the post, Dr. Krugman tries to show how much interest rates matter by comparing the Fed Funds Rate with Housing Starts. He shows a chart and declares that there appears to be a strong correlation. Except, as this emailer notes, he appears to have shifted the chart to make it appear as...
  • Soros sees risk of another world war

    05/21/2015 8:16:57 AM PDT · by Enlightened1 · 39 replies
    Market Watch ^ | 05/19/15
    Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war “If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war,” Soros said. Military spending is on the rise in Russia and China, he said. To avoid this scenario, Soros called on the U.S. to make a “major concession” and allow China’s currency to join the International Monetary Fund’s basket of currencies. This would make the yuan a potential rival...
  • Fort Knox first military post to go 'off the grid'

    05/21/2015 8:06:38 AM PDT · by Enlightened1 · 12 replies
    After tapping into solar, wind, geothermal and now natural gas resources on post, Fort Knox has become the first U.S. military installation to go “off the grid.” The installation announced Wednesday it added 28 natural gas wells to its arsenal of energy-creating sources which already includes almost 6,000 geothermal wells, two wind turbines and 3.59 megawatts of solar panels. With the additions, Fort Knox will be able to produce more energy than it needs — about 44 megawatts a day. It typically uses about 20 daily, but has approached 50 before, officials said. With that kind of power, when Hardin...
  • U.S. Jobless Claims Rise, But Still Point to Growing Labor Market

    05/21/2015 7:59:01 AM PDT · by SeekAndFind · 7 replies
    Wall Street Journal ^ | 05/21/2015 | BEN LEUBSDORF
    WASHINGTON—The number of Americans applying for first-time unemployment benefits rose last week, but remained at a historically low level consistent with an improving labor market. Initial jobless claims, a proxy for layoffs across the economy, increased by 10,000 to a seasonally adjusted 274,000 in the week ended May 16, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected 271,000 new claims. “U.S. labor market momentum remains solid in mid-May,” Barclays economist Jesse Hurwitz said in a note to clients. The prior week’s claims were left unrevised at 264,000. The Labor Department said no special factors...