Business/Economy (News/Activism)

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  • 2008 Crisis Deepened the Ties Between Clintons and Goldman Sachs

    09/24/2016 6:56:39 PM PDT · by Theoria · 3 replies
    The New York Times ^ | 24 September 2016 | Susanne Craig and Nicholas Confessore
    <p>A blue-ribbon commission had just excoriated Goldman Sachs and other Wall Street banks for fueling the financial crisis. Prosecutors were investigating whether Goldman had misled investors. The company was a whipping boy for politicians looking to lay blame for the crash.</p>
  • Foreign Jet-Fighter Makers Woo India

    09/24/2016 6:26:29 PM PDT · by sukhoi-30mki · 3 replies
    The Wall Street Journal ^ | September 24, 2016 | Daniel Stacey
    NEW DELHI—India is being offered blueprints to advanced combat aircraft by the world’s aerospace companies, a move unthinkable even a decade ago, as New Delhi gets ready to place another multibillion-dollar air force order. India’s aging military jet fleet desperately needs an upgrade, which analysts say may spur it to place an order worth more than $10 billion in the next year. Hoping for an edge, and encouraged by a recent law that allows 100% foreign ownership of local defense firms, jet-fighter makers such as Lockheed Martin Corp. , Boeing Co. and Saab AB are rushing in with offers to...
  • In New Spending Bill, McConnell Sides With Liberals, Ignores Conservative Priorities

    09/24/2016 5:16:24 PM PDT · by Tolerance Sucks Rocks · 40 replies
    The Daily Signal ^ | September 22, 2016 | Rachel Bovard
    After voting to proceed to a bill that didn’t exist earlier this week, the Senate has finally produced text of the continuing resolution, a short-term government spending bill. The bill, written behind closed doors by Senate Majority Leader Mitch McConnell, was brought to the floor late Thursday afternoon, and for the majority of Senate Republicans, represented their first opportunity to see the text. According to McConnell, senators will have four days (two of them on a weekend) to review the bill before having to cast their votes next week. As far as conservative priorities go, the bill is a failure....
  • Donald Trump Details ‘America-First’ Energy Plan

    09/24/2016 2:54:47 PM PDT · by NYer · 19 replies
    Breitbart ^ | September 22, 2016 | ALEX SWOYER
    Donald Trump detailed his energy plan, which he previously mentioned during his speech on the economy at the Detroit Economic Club in August, on Thursday in Pittsburg, Pennsylvania. “I am going to lift the restrictions on American energy, and allow this wealth to pour into our communities – including right here in Pennsylvania,” Trump stated while speaking to more than 1,000 gas industry experts. Citing the Institute for Energy Research, Trump suggested that lifting energy restrictions such as shale production would produce more than 500,000 new jobs every year and raise the GDP by more than $100 billion each year.He also says...
  • Nike's self-lacing sneakers finally go on sale November 28th

    09/23/2016 9:52:50 PM PDT · by aquila48 · 69 replies
    verge ^ | Sep 21, 2016 | James Vincent
    Nike has finally announced when it will begin selling its self-lacing sneakers inspired by the shoes worn by Michael J. Fox in Back to The Future II. According to a tweet from the company's Heidi Burgett, the HyperAdapt 1.0 will be available for "experience & purchase" starting on the 28th of November, but only in select Nike locations in the US. Pricing is still unknown, but expect a "high price tag," according to a Wired feature on the shoe's development. You can check out the full story from Wired for a more detailed look at how the sneakers were made,...
  • White House: Transferring Internet control is limited government

    09/23/2016 7:35:10 PM PDT · by bushwon · 115 replies
    Washington Examiner ^ | 9/22/16 | Nicole Duran
    The White House mocked GOP nominee Donald Trump and Sen. Ted Cruz for trying to prevent the Commerce Department from transferring technical oversight of the Internet to an international body. "It doesn't withstand scrutiny," President Obama's spokesman Josh Earnest said on Thursday. "It also strikes me as a curious position for a self-described small government conservative to shut down the government to ensure that the federal government can continue to control the Internet," Earnest said of Cruz. "It doesn't make any sense." Cruz is trying to stop the multi-year transition that will leave the Internet Corporation for Assigned Names and...
  • Goldman Sachs wields the axe on 30 per cent of Asia investment banking jobs, sources say

    09/23/2016 6:47:43 PM PDT · by ameribbean expat · 6 replies
    Goldman Sachs is cutting almost 30 per cent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is reducing the number of bankers working on mergers and acquisitions (M&A), and equity and debt capital markets deals, the sources said. It will be left with slightly more than 200 bankers across Asia. Most of the jobs cuts are likely to take place in Hong Kong, Singapore and China, where Goldman’s main Asian offices are located, according to the...
  • The EPA’s “Power Plan” Is An Unlawful Power Grab

    09/23/2016 6:30:37 PM PDT · by george76 · 16 replies
    The Daily Caller ^ | 09/23/2016 | Marlo Lewis
    The D.C. Circuit Court of Appeals will hear oral argument next Tuesday, September 27 on the Environmental Protection Agency’s so-called Clean Power Plan. The centerpiece of resident Obama’s climate policy agenda, the Plan establishes first-ever carbon dioxide (CO2) emission standards for “existing” (already built) coal and natural gas power plants. The Plan will increase consumer energy prices and impede job and GDP growth yet have no discernible effect on global temperatures or sea levels. However, that’s not why the Court should strike it down. The Court should overturn the Plan because it is an unlawful power grab. The Plan will...
  • The PIRI Calls For An Open Public Forum Debate On Rising Oil Imports

    09/23/2016 4:57:15 PM PDT · by panhandle67 · 1 replies
    Oil Pro ^ | 9/21/16 | Daniel Fine
    Mr. Drangmeister of the New Mexico Oil and Gas Association is invited to debate us (Panhandle Import Reduction Initiative) on OPEC , free trade and the price war against in the American Southwest. Apparently, he missed our presentation at the Independent Producers Association of New Mexico (IPANM) Convention recently in Santa Fe. This OP-ED is a response to his comments in a news article in this newspaper by Maddy Hayden It is not too late for him to learn that as a communications officer in an oil and gas trade association he should support an open forum of all ideas...
  • US election: For the cynical, of the cynical

    09/23/2016 12:37:29 PM PDT · by Jyotishi · 4 replies
    The Pioneer ^ | Saturday, September 24, 2016 | Ashok Malik
    Bruce Stokes of the Pew Research Center based in Washington, DC, was in Delhi for a series of talks. He presented results of opinion polls that offer an interesting insight into the contemporary American mind Every leap year, the United States presidential election becomes the most watched such event in the world. The quantum of coverage only grows with each successive election, as media and social media capacities expand worldwide. Yet, this year the election has acquired a special significance due to a mix of factors. First, there are the compelling personalities -- in their own ways, Donald Trump and...
  • IRS to target 20 million Americans who didn't buy Obamacare

    09/23/2016 11:02:21 AM PDT · by amorphous · 30 replies
    Wordnet Daily ^ | 23 Sep 2016
    Are you one of 20 million uninsured Americans who hasn’t signed up for Obamacare? Then you might be getting a note from the IRS this year “suggesting” you enroll. “Getting a letter from the IRS can be a threatening and nerve-racking experience; it seldom is seen as a suggestion and more of a threat,” Galen Institute President Grace-Marie Turner wrote in a Forbes column Wednesday. The IRS is reportedly “reaching out” to Americans who claimed an exemption or chose to pay the tax penalty for not purchasing mandatory health insurance. The ploy is intended to “attract” Obamacare enrollees. “The government...
  • This is Why the Job Market Stinks, but No One is Talking about it

    09/23/2016 10:27:52 AM PDT · by Lorianne · 29 replies
    Wolf Street ^ | 21 September 2016 | James Murray
    Anyone who pays any attention knows that something unusual is happening to employment. Good full time jobs are disappearing, being replaced by lower paying and part time jobs. Experts and especially politicians have explanations and excuses: Offshoring to lower labor countries, excessive rules and regulations, illegal aliens, lack of education in the workforce…. The list goes on and on. What I rarely hear: automation. When most people hear “automation,” they think “robots.” Most robots are dedicated and expensive and don’t replace that many people. “Automation” or computer control is what gets the majority of the jobs, and it is not...
  • "Deutsche Bank May Ultimately Need A State Bailout" - Handelsblatt

    09/23/2016 10:20:22 AM PDT · by Lorianne · 4 replies
    Zero Hedge ^ | 21 September 2016 | Tyler Durden
    While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank's multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be the first time we have heard the "n"-word tossed around in an official German publication: as Germany's top financial newspaper, Handelsblatt said, "German financial officials reacted with shock and dismay to the leaking of a U.S. government demand for a $14 billion fine against Deutsche Bank, which may ultimately need a state...
  • The Rush Limbaugh Show, M-F, 12noon-3PM, WOR-AM, Friday, September 23rd, 2016.

    09/23/2016 9:18:43 AM PDT · by carriage_hill · 39 replies
    The EIB Network ^ | 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...
  • Company Restarts Gasoline Pipeline After Leak in Alabama

    09/23/2016 9:11:38 AM PDT · by Alas Babylon! · 25 replies
    Kiii TV ^ | September 23, 2016 | Video report
    Colonial pipeline is investigating what caused a pipeline to leak nearly 336,000 gallons of gasoline into a man-made retention pond. That leak was discovered back on September 9th near Helena, Alabama after state workers noticed a strong smell of gas. The shutdown pipeline caused rising fuel prices amid gas shortages across the South. Investigators say the broke portion, built in 1963, has since been repaired. A preliminary report does not identify the cause of the break as the federal investigation continues.
  • Hillary Clinton Declares War On The Right To Work

    09/23/2016 4:31:30 AM PDT · by IBD editorial writer · 51 replies
    Investor's Business Daily ^ | 9/22/2016 | John Merline
    Democrats love to talk about rights. They say people have the "right to affordable health care," the "right to a debt free college education," the "right to choose," and so on. But there's one right they apparently want to erase: The right to work. Here's how Hillary Clinton put it in a videoconference this week at the Laborers' International Union of North America: "I will fight back against so-called right to work. Right to work is wrong for workers and wrong for America." Come again? The right to work is wrong for America? Clinton is referring to state right-to-work laws...
  • Low Gender-Pay Complaints Are An Admission of Subpar Talent

    09/23/2016 3:50:01 AM PDT · by expat_panama · 51 replies
    Real Clear Markets ^ | September 23, 2016 | John Tamny
    "Yeah, you're a genius, everyone knows it, a goddamn genius, but that's why you failed as a head coach - that's why you'll never be a head coach ... some genius." Those were the words of head NFL coach Bill Parcells to then assistant, and at the time once-failed (with the Cleveland Browns) head coach, Bill Belechick. During a game Belechick had suggested a defensive scheme that Parcells rejected, only for Belechick to be proven correct. Parcells' irritated reply revealed a now dated view among some football types about Belechick; that while he was in possession of a brilliant defensive...
  • The global economy The low-rate world Central banks have been doing their best to...

    09/23/2016 3:39:53 AM PDT · by expat_panama · 5 replies
    The Economist ^ | Sep 22th 2016 | Editorial
    THEY do not naturally crave the limelight. But for the past decade the attention on central bankers has been unblinking—and increasingly hostile. During the financial crisis the Federal Reserve and other central banks were hailed for their actions: by slashing rates and printing money to buy bonds, they stopped a shock from becoming a depression. Now their signature policy, of keeping interest rates low or even negative, is at the centre of the biggest macroeconomic debate in a generation. The central bankers say that ultra-loose monetary policy remains essential to prop up still-weak economies... ...But a growing chorus of critics...
  • Fed “forward guidance” blows too much smoke

    09/23/2016 3:32:54 AM PDT · by expat_panama · 1 replies
    Reuters ^ | September 22, 2016 | Gina Chon
    The U.S. Federal Reserve is still enabling financial markets. The central bank on Wednesday again declined to raise rates, despite recent remarks from Chair Janet Yellen suggesting an increase was becoming more likely. The Fed counts talking to the market – what it calls giving “forward guidance” – as one of its tools, but the story has changed so often that Yellen and her colleagues might do better being less chatty. The Fed initially signaled four rate hikes in 2016 after raising the range for the federal funds rate to 0.25 percent to 0.5 percent last December... ...the U.S. economy...
  • NFL Has 32 League-Wide Partners This Season

    09/22/2016 9:19:05 PM PDT · by calebcar · 23 replies
    Sports Business Daily ^ | September 23, 2015
    The NFL this season has 32 league-wide category sponsors, including new brands in the auto and yogurt categories. Hyundai this season begins a four-year deal with the league. The automaker replaces GM, which had been the NFL’s official auto brand since ’01. Dannon, which began running Super Bowl spots in ’12, begins the first year of its league-wide deal after signing on in July '14. NFL corporate partnership benefits vary from deal to deal, but they typically include category exclusivity, use of league marks for advertising and promotional purposes, event signage, media exposure through radio, print and TV ads, as...
  • Donald Trump, in Pittsburgh, Pledges to Boost Both Coal and Gas

    09/22/2016 5:37:44 PM PDT · by Innovative · 46 replies
    NY Times ^ | Sept. 22, 2016 | CORAL DAVENPORT
    Donald J. Trump on Thursday traveled to Pittsburgh, a city once synonymous with the rich coal seam that runs beneath it and now the capital of natural gas fracking, to promise the impossible: a boom for both coal and gas. Mr. Trump’s energy promises to those attending a corporate conference contained a fundamentally incompatible concept, as expanding the exploration of natural gas is the surest way to hurt coal production, and vice versa. Since the two fuels compete directly for the same market — the power plants that light American homes — it is effectively impossible to increase production of...
  • Economy A Hoax & House Of Cards-Paul Craig Roberts

    09/22/2016 5:01:10 PM PDT · by Right-wing Librarian · 48 replies
    Youtube ^ | September 22, 2016 | Paul Craig Roberts
    "With around 94 million people out of the workforce, and the near record low Labor Force Participation rate, former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “The Labor Force Participation rate never falls during a recovery. It rises because people are entering the labor force to take advantage of the strong economy and jobs. So, there isn’t any economy. There is a house of cards that is held together by central bank money creation. The money flows into financial assets. That’s what keeps the stock market up, and it flows into bonds, which is why we have essentially 0%...
  • Eugene Robinson and Stephen Hayes on Election 2016 Issues -Sept. 22

    09/22/2016 4:57:36 PM PDT · by Pic7 · 8 replies
    Hoftra News ^ | 09/21/2016 | MARILOU GIAMMONA
    As part of Hofstra University’s Debate 2016 Signature Speaker series, Washington Post columnist Eugene Robinson and The Weekly Standard senior writer Stephen Hayes will discuss “What Issues Will Decide the 2016 Presidential Election?” on Thursday, Sept. 22.
  • Airbus scoffs, Boeing crows as WTO slams EU for failing to address illegal subsidies

    09/22/2016 4:53:46 PM PDT · by djwright · 4 replies
    Seattle Times ^ | September 22, 2016 at 7:35 am | Dominic Gates
    A World Trade Organization (WTO) compliance panel ruled Thursday that the European Union has fallen dramatically short of remedying the harm to Boeing from illegal subsidies to Airbus. The decision opens a path for the U.S. to implement trade sanctions against the EU — potentially imposing billions of dollars in tariffs on its goods or services.
  • Senators Call For ... Wells Fargo As Warren Buffett Vows To Keep Silent Until After Election

    09/22/2016 4:48:03 PM PDT · by Rusty0604 · 11 replies
    Zerohedge ^ | 09/22/2016 | Tyler Durden
    That did not take long. Just hours after a CNN report suggested that Wells Fargo was retaliating, and firing, company whistleblowers who had spoken out against the company's illegal "account creation" practices (while blaming them of being "tardy"), moments ago Reuters reported that Senators have asked the Labor Department to investigate Wells Fargo for potential violations of Fair Labor Standards Act. To be sure, now would be a perfect time for Wells Fargo's biggest shareholder, Warren Buffett - who owns a 10% stake in WFC - to speak up in defense of his favorite US bank, alas that won't happen....
  • BREAKING: Yahoo says hackers stole info in 500 million user accounts

    09/22/2016 12:23:12 PM PDT · by NRx · 79 replies
    WaPo ^ | 09-22-2016 | Staff
    The stolen data includes users’ names, email addresses, telephone numbers, dates of birth, passwords and security questions for verifying an account holder’s identity. This is a developing story. It will be updated.
  • Or We’ll Lose the Whole Middle Class

    09/22/2016 10:57:49 AM PDT · by Sgt_Schultze · 40 replies
    Wolf Street ^ | 20 Sep 2016 | Wolf Richter
    Economic recovery, but not for the “Invisible Americans” Jim Clifton, Chairman and CEO at Gallup, who presides over endless surveys of American consumers and businesses and knows a thing or two about them, has a message for the media and the political establishment that seem to be clueless: this meme about the recovering economy – “It was even trumpeted on Page 1 of The New York Times and Financial Times last week,” he says – “I don’t think it’s true.” In an article posted on Gallup’s website, he made his case: The percentage of Americans who say they are in...
  • Kerry Thanks ‘Warriors for the Planet’ As Paris Climate Accord Nears Implementation(Moronican)

    09/22/2016 9:55:09 AM PDT · by rktman · 8 replies
    cnsnews.com ^ | 9/22/2016 | Patrick Goodenough
    As the Paris climate agreement edged closer to entering into force – which many advocates hope will occur before the possibility of a Trump presidency – Secretary of State John Kerry on Wednesday thanked what he called “warriors for the planet” as the second-to-last hurdle on the path to that achievement was cleared. Addressing the U.N. General Assembly in New York, Kerry said he was “absolutely confident” that the most ambitious climate deal yet negotiated will enter into force before the next U.N. climate megaconference, which starts in Marrakech, Morocco on November 7 – one day before the U.S. election....
  • Why the rise of populism may be Obama’s legacy

    09/22/2016 9:55:08 AM PDT · by yoe · 16 replies
    The National ^ | September 22, 2016 | Alan Philps
    In his final address to the United Nations, United States president Barack Obama warned the assembled leaders that the liberal world order was under threat from what he called "crude populism". In words which could apply equally to Donald Trump, the Republican candidate to succeed him as president, and Russia’s Vladimir Putin, Mr Obama said that some were arguing that the future favours the strong man. "History shows that strong men are then left with two paths: permanent crackdown, which sparks strife at home, or scapegoating enemies abroad, which can lead to war."
  • 14 Chinese nationals accused of growing 3,000 marijuana plants

    09/22/2016 9:38:43 AM PDT · by dware · 5 replies
    GJSentinel.com ^ | 09.21.2016 | Dennis Webb
    Authorities have arrested 14 Chinese nationals in connection with an alleged illegal pot grow involving more than 3,000 plants east of Rifle (Colorado). Authorities are investigating whether human trafficking using forced labor was involved in the operation off Mile Pond Road, north of the Colorado River. The local multijurisdictional Two Rivers Drug Enforcement Team, or TRIDENT, and the federal Drug Enforcement Administration have been heading up the investigation. The arrests were made Monday. Garfield County Sheriff Lou Vallario said the grow was occurring on a couple acres of a roughly 35- or 40-acre property. The property owner hasn’t been arrested...
  • Existing-Home Sales Unexpectedly Fall In August To 5.33 Million Rate

    09/22/2016 7:43:13 AM PDT · by BenLurkin · 14 replies
    investors.com ^ | 09/22/2016 | ed carson
    Existing-home sales for August an annual rate fell o.9% to 5.33 million units, the National Association of Realtors said Thursday, as the supply of existing homes for sales fell 10% vs. a year earlier. Economists had expected a rate of 5.44 million. Sales fell significantly in July to a revised 5.38 million, but from a recovery high. ... Tuesday, the Commerce Department reported August housing starts fell more than expected. But a day earlier, the National Association of Home Builders said its builder sentiment gauge soared in September to match an 11-year high. Meanwhile, the Federal Reserve's decision to leave...
  • NASCAR Hall of Fame Looted during Charlotte Protests

    09/22/2016 6:09:13 AM PDT · by Red Badger · 92 replies
    racingnews.co ^ | September 22, 2016 | Staff
    The NASCAR Hall of Fame has been looted overnight in Charlotte, NC. Windows shattered, signs hanging through glass on $195 million dollar museum. A state of emergency declared on the city, the home of NASCAR. no lie pic.twitter.com/GWeZqlDsPU — Katie Peralta (@katieperalta) September 22, 2016 Keith Lamont Scott, father of 7, was killed Tuesday, at the hands of police. Another black man killed by police had the Black Lives Matter community taking to the streets demanding justice or proof of justified action. Police claim Scott was reaching through the window of his vehicle for a gun. However, photos of the...
  • Yahoo is expected to confirm massive data breach, impacting hundreds of millions of users

    09/22/2016 4:13:01 AM PDT · by Leaning Right · 26 replies
    recode ^ | SEP 22, 2016 | KARA SWISHER
    Yahoo is poised to confirm a massive data breach of its service, according to several sources close to the situation, hacking that has exposed several hundred million user accounts. *snip* Earlier this summer, Yahoo said it was investigating a data breach in which hackers claimed to have access to 200 million user accounts and was selling them online. “It’s as bad as that,” said one source. “Worse, really.”
  • UN fears third leg of the global financial crisis - with prospect of epic debt defaults

    09/22/2016 3:57:08 AM PDT · by expat_panama · 2 replies
    U.K. Telegraph ^ | 22 SEPTEMBER 2016 • 7:22AM | AMBROSE EVANS-PRITCHARD
    The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity. "Alarm bells have been ringing... ...money was wasted, skewed towards "highly cyclical and rent-based sectors of limited strategic importance for catching up," it said. Worse yet, these countries have imported the deformities...
  • Divided Fed Holds Off On Rate Hike, Sees Slower Tightening Path

    09/22/2016 3:42:30 AM PDT · by expat_panama · 16 replies
    Investors Business Daily ^ | September 21, 2016 | JED GRAHAM
    The Federal Reserve left interest rates unchanged Wednesday after its two-day policy meeting, as expected, and longer-term rate projections show an even slower pace of increases. Still, policymakers painted a mostly upbeat picture about the job market and overall growth and signaled that the Fed's key rate will rise before year-end. Markets have increasingly been pricing in a December hike... ...Fed's forecasts show policymakers expect three rate hikes through the end of 2017, down from five at their June meeting. The estimate for the fed funds rate in 2017 has slipped to 1.1% in 2017 from a 1.6% view in...
  • Robert J. Samuelson: The Last Days Of Free Trade?

    09/22/2016 3:38:26 AM PDT · by expat_panama · 60 replies
    Investors Business Daily ^ | September 21, 2016 | ROBERT J. SAMUELSON
    Guess what? A President Trump could adopt his new trade agenda without any authorization from Congress -- and this could trigger a global trade war and a deep U.S. recession. Policies that promise to make us stronger economically could do the opposite. That's the main take-away of a study... ...Trump could implement most of his proposals, which repudiate decades of pro-trade policies, by executive order. So contends Peterson's Gary Hufbauer after a review of trade laws. Over the past century, Hufbauer says, Congress has passed many laws that "authorize the president to impose tariffs...... ...Trump's bluster may simply be a...
  • Abe pitches Japan’s maglev trains to the US, touting New York to Washington in 40 minutes

    09/22/2016 1:37:34 AM PDT · by sukhoi-30mki · 54 replies
    Kyodo ^ | 22 September, 2016
    Japanese Prime Minister Shinzo Abe is pitching Japan’s maglev technology for the railway system in the United States. Speaking in a meeting with US business leaders and financial experts in New York on Wednesday, Abe said that in the late 2030s, a maglev train linking Tokyo to Nagoya in central Japan will take just 40 minutes - an hour shorter than currently required for the shinkansen bullet train. The two cities are about 260km apart, as the crow flies. “The distance between Tokyo and Nagoya is almost the same as that between New York and [Washington] DC,” he said. “You...
  • She cannae take it, Captain Kirk! USS Zumwalt breaks down

    09/21/2016 11:29:02 PM PDT · by Oztrich Boy · 47 replies
    The Register ^ | 21 Sep 2016 | Gareth Corfield
    Weird new warship USS Zumwalt has broken down while on sea trials, three weeks ahead of her formal commissioning ceremony. The futuristic $4.4bn vessel, which features a so-called “tumblehome” hull, suffered a seawater leak into the auxiliary lube oil system for one of her main propeller shafts, according to USNI News.
  • Trump opposes plan for U.S. to cede internet oversight

    09/21/2016 5:05:35 PM PDT · by bushwon · 62 replies
    Reuters ^ | September 21, 2016 | Dustin Volz
    Republican presidential nominee Donald Trump opposes a long-planned transition of oversight of the internet's technical management from the U.S. government to a global community of stakeholders, his campaign said in a statement on Wednesday. Congress should block the handover, scheduled to occur on Oct. 1, "or internet freedom will be lost for good, since there will be no way to make it great again once it is lost," Stephen Miller, national policy director for the Trump campaign, said in a statement. Senator Ted Cruz of Texas, a former presidential primary foe of Trump's who has refused to endorse the real...
  • UN fears third leg of the global financial crisis, with epic debt defaults

    09/21/2016 2:21:38 PM PDT · by NRx · 35 replies
    The Telegraph ^ | 09-21-2016 | Ambrose E. Pritchard
    The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity. "Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. Damaging deflationary spirals cannot be ruled out," said the annual report of...
  • In Comparative Economic Freedom, the U.S. Is in 16th Place For the Second Consecutive Year

    09/21/2016 1:16:43 PM PDT · by SeekAndFind · 9 replies
    National Review ^ | 09/21/2016 | Michael Tanner
    Hooray, we’re number . . . 16!? The latest Index of the Economic Freedom of the World was released last week, and the United States held its ranking as the 16th freest economy (see page 8 of the report), the same ranking as last year. I suppose it could have been worse. The Economic Freedom of the World report is put together every year by a consortium of more than 70 think tanks from around the world. It rates countries on a variety of policies from the size of government and the tax and regulatory burden to the soundness of...
  • Pipeline opponents interrupt oil industry meeting to make case - (leave in vehicles)

    09/21/2016 12:15:50 PM PDT · by Last Dakotan · 3 replies
    InForum ^ | 9/21/2016 | Amy Dalrympl
    MINOT, N.D. — A handful of Dakota Access Pipeline opponents took over the stage Wednesday, Sept. 21, as North Dakota's top oil regulator spoke to an oil industry group's annual meeting. The elders of the Oglala Lakota Nation referred to the pipeline as the "black snake" as they took the podium and microphone while Department of Mineral Resources Director Lynn Helms was speaking to the North Dakota Petroleum Council. "We want you guys to hear our voice and see us," one woman said. "We're not just some hashtag out there just making a scene. We want to be heard. We...
  • Tim Kaine here for fundraiser co-hosted by staunch Republican Meg Whitman (staunch?)

    09/21/2016 10:41:49 AM PDT · by NormsRevenge · 25 replies
    SFGate.com ^ | 9/21/16 | Amy Graff
    Tim Kaine is swinging by the Bay Area's political ATM on Wednesday. Hillary Clinton's running mate will be attending two fundraisers in Atherton and another in San Francisco. Kaine will be scooping up cash during a roundtable at the home of Steve Spinner, an angel investor and top fundraiser in President Barack Obama's 2008 and 2012 campaigns, and his wife, Allison. In the afternoon, he'll be lunching at the home of former GOP supporter and Silicon Valley philanthropist Jillian Manus. Former GOP gubernatorial candidate and Hewlett-Packard CEO Meg Whitman will be co-hosting the event. Over the summer, the high-profile Republican...
  • Are National Anthem Protests Costing NFL Viewership?

    09/21/2016 10:29:06 AM PDT · by hawaiianninja · 99 replies
    CBS Detroit ^ | 20 Sept 2016 | Christy Strawser
    (WWJ) James Olson, a Sports Illustrated subscriber since fourth grade, watches action-packed NFL games on TV to escape from the endless round of political bickering playing out on other channels. But with more national anthem protests cropping up, he feels like politics has taken over his favorite sport, too. So he’s tuning out. “I want to say to these guys ‘If you weren’t playing in the NFL, you would be working at McDonalds. I think people have had it,” said, Olson, a Birmingham, Mich., resident.
  • Alabama Selling Bonds Backed by Deepwater Horizon Settlement

    09/21/2016 10:21:20 AM PDT · by Lorianne · 3 replies
    Source material cannot be posted to FR
    see link in post below
  • The Rush Limbaugh Show, M-F, 12noon-3PM, WOR-AM, Wednesday, September 21st, 2016.

    09/21/2016 8:55:42 AM PDT · by carriage_hill · 30 replies
    The EIB Network ^ | Wednesday, September 21st, 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...
  • Airbus says US grants license for planes in Iran deal

    09/21/2016 7:11:33 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Sep 21, 2016 9:45 AM EDT
    Airbus says the U.S. government has granted it a license allowing it to sell the first 17 planes involved in a landmark deal with Iran. […] Earlier this year, Iran Air signed agreements to buy 118 planes from the European consortium Airbus, estimated to be worth some €22.8 billion ($25 billion). …
  • Senator from Punjab’: How Hillary Clinton Masterminded a Global Scheme to Replace American Workers

    09/21/2016 5:42:59 AM PDT · by detective · 31 replies
    Breitbart ^ | 20 Sep 2016 | Julia Hahn
    Hillary Clinton co-founded the Senate India Caucus, which anti-offshoring advocates say champions “issues important to India, including outsourcing and H-1B and L-1 visas.” •Clinton in 2005: “I am delighted to be the Senator from Punjab as well as from New York.” •Clinton has called for nearly doubling the controversial H-1B guest worker program—suggesting that American workers lack the skills to fill American jobs. She has also defended the cheap labor practices of an Indian outsourcing firm, to which the Clinton Foundation has financial ties: “We are not against all outsourcing; we are not in favor of putting up fences,” she...
  • A Messaging Tip For The Donald: It’s The Fed, Stupid!

    09/21/2016 5:26:48 AM PDT · by expat_panama · 15 replies
    david stockman's contracorner ^ | September 20, 2016 | David Stockman
    The Fed’s core policies of 2% inflation and 0% interest rates are kicking the economic stuffings out of Flyover America. They are based on the specious academic theory that financial gambling fuels economic growth and that all economic classes prosper from inflation and march in lockstep together as prices and wages ascend on the Fed’s appointed path. Au contraire! Those propositions are the most economically destructive and wantonly unjust notions ever embraced by an agency of the state. They clobber the middle- and lower-end of the income ladder while showering the top tier of financial asset owners with stupendous windfalls of unearned gain. So the nation’s rogue central bank is...
  • China Is Digging Itself into a Deeper Hole

    09/21/2016 5:18:22 AM PDT · by expat_panama · 10 replies
    John Mauldin ^ | Sept. 19 2016 | John Mauldin
    Chinese “depreciation” and all its ensuing hysteria occurred just about a year ago. It has also been a about a year since I co-wrote a book on China with Worth Wray titled A Great Leap Forward? The title was meant to be ironic. The original Great Leap Forward was imposed by Mao in the 1960s. It was one of the most economically disastrous times in Chinese history. Food production increased, yet 30 million people starved. China underwent a true financial and economic crisis due to the insanity of central control of markets. China now attempts something that is as powerful...