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Business/Economy (News/Activism)

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  • Turkey may woo Greek doctors to fill vacancies

    07/30/2014 8:53:16 AM PDT · by DeaconBenjamin
    Hürriyet ^ | July/30/2014
    Turkey is considering employing foreign doctors in order to fill vacancies in public hospitals, with Greek professionals being one of their main targets, Health Minister Mehmet Müezzinoğlu has said. “We are thinking of employing doctors from Greece and other countries, who we believe would fulfill the needs of our people and who will be accredited by YÖK [the Turkish Higher Education Board] after the related legal regulations have been made,” Müezzinoğlu told journalists during an Eid al-Fitr visit to an Istanbul hospital on July 29. “We [Turkey] have been increasing the capacity of our medical faculties since 2007, but such...
  • Judge says US can't seize tanker full of Kurdish oil off Texas coast

    07/30/2014 8:17:26 AM PDT · by afraidfortherepublic · 10 replies
    Fox News ^ | 7-30-14
    A federal magistrate judge ruled Tuesday that U.S. Marshals will not be able to able to carry out her earlier order to seize a million barrels of Kurdish crude oil unless the tanker carrying the cargo comes closer to the Texas shore. The Wall Street Journal reported that federal magistrate judge Nancy Johnson said that the United Kalavrvta tanker was not within the boundaries of the state or the court's authority. She also said that the matter of who owned the oil should be decided in Iraq, not the United States. "Seems to me this is not a matter for...
  • As Sanctions Pile Up, Russians’ Alarm Grows Over Putin’s Tactics

    07/30/2014 8:14:17 AM PDT · by SeekAndFind · 5 replies
    New York Times ^ | 07/30/2014 | By NEIL MacFARQUHAR
    MOSCOW — Russia, facing the toughest round of Western sanctions imposed since the Ukraine crisis erupted, has adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance of self-reliance and a new poll released Tuesday indicating a “What, me worry?” attitude among the bulk of the population. But beneath that calm facade, there is growing alarm in Russia that the festering turmoil in Ukraine and the new round of far more punitive sanctions — announced Tuesday by both European nations and the United States — will have an impact on Russia’s relations with the West for years...
  • Breaking the Impasse on Federal Pay

    07/30/2014 8:07:07 AM PDT · by PlasticMan · 3 replies
    FedSmith ^ | 7/27/14 | Howard Risher
    overnment needs a mediator. The stakeholders virtually all agree the General Schedule (GS) system needs to be replaced but each needs to see something different for the planning to move forward. The July 15 congressional hearings made two key points clear: No one defended the GS system, but no one is ready to take the lead to develop a replacement system. With budget cuts through 2021, government could be stuck with a deteriorating work environment. Another point is increasingly clear — in the current political climate the GS salary ranges will not be increased by more than a nominal percentage...
  • Average Price of Electricity Climbs to All-Time Record

    07/30/2014 8:04:11 AM PDT · by george76 · 15 replies
    CNSNews ^ | July 29, 2014 | Terence P. Jeffrey
    For the first time ever, the average price for a kilowatthour (KWH) of electricity in the United States has broken through the 14-cent mark, climbing to a record 14.3 cents in June. ... Back in June 1984, the seasonally adjusted price index for electricity was 103.9—less than half what it was in June 2014. Electricity prices have not always risen in the United States. The BLS has published an annual electricity price index dating back to 1913. It shows that from that year through 1947, the price of electricity in the United States generally trended down, with the index dropping...
  • The Coming Republican Takeover of... Illinois?

    07/30/2014 7:41:19 AM PDT · by afraidfortherepublic · 32 replies
    NRO ^ | 7-29-14 | Jim Geraghty
    How will President Obama feel when a Republican wins the governor’s race in his home state of Illinois? Gov. Pat Quinn is facing an increasingly uphill battle against Republican gubernatorial candidate Bruce Rauner, a new We Ask America poll shows. Rauner is now sitting on a 14-point lead in the poll that was conducted July 28, which is up from his 10-point lead he had in a June poll. Rauner’s boost can be attributed to his economic plan, which includes a state income tax reduction. A poll showed while people don’t believe Illinois can afford this plan, a majority say...
  • U.S. Economy Rebounds In Spring With GDP Expanding At 4 Percent Rate

    07/30/2014 6:58:07 AM PDT · by SeekAndFind · 29 replies
    NPR ^ | 07/30/2014 | EYDER PERALTA
    The Commerce Department had some good news about the U.S. economy today: Rebounding from a quarter of negative growth, Commerce said the country's gross domestic product expanded at a 4 percent annual rate during the second quarter."The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment," Commerce said in a statement.As The Wall Street Journal sees it, the positive news is fueling hopes "for sustained growth in the second half of 2014." The paper adds: "The...
  • Q2 GDP Surges 4%, Beats Estimates Driven By Inventories, Fixed Investment Spike.....

    07/30/2014 6:11:49 AM PDT · by mykroar · 47 replies
    ZeroHedge ^ | 6/30/2014 | Tyler Durden
    Moments ago the Commerce department reported Q2 GDP which blew estimates out of the water, printing at 4.0%, above the declining 3.0% consensus, as a result of a surge in Inventories and Fixed Investment, both of which added over 2.5% of the total print, while exports added another 1.23% to the GDP number. The full breakdown by component is shown below. What is interesting is that the Commerce Department announced that as a result of incomplete June data, the biggest components of the GDP beat, Inventories and Trade, were estimated. In other words, assume that future revisions of Q2 GDP...
  • Cash for Russian Clunkers

    07/30/2014 5:06:18 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | July 30, 2014 | John Ransom
    Something stinks here. And it’s more than just wastewater from the marshy ground in and around Washington, DC. When a commercial airline is shot out of the sky it immediately triggers a number of questions. What kind of projectile? Where did it come from? Who fired it? All of these questions are answered by spy satellites. But getting one of these expensive satellites into orbit requires we launch a rocket. At present, the United States is buying rocket engines from Russia for these critical national security launches . That is right. Even while a domestic supply of launch vehicles is...
  • Netflix agrees to pay AT&T to ensure smooth video downloads

    07/30/2014 4:27:45 AM PDT · by SoFloFreeper · 48 replies
    Reuters ^ | 7/29/14
    ideo streaming service Netflix has agreed to pay U.S. broadband provider AT&T Inc to ensure smooth delivery of Netflix content to Internet users, the companies said on Tuesday. The announcement of the deal, struck in May, comes as Netflix has been waging a public campaign against such fees, which they present as tolls, and calling on the Federal Communications Commission to review the market.
  • Futures Push Higher Ahead Of Data Deluge, Yellen Capital Statement (ADP,Q2 GDP)

    07/30/2014 4:25:13 AM PDT · by Perdogg · 4 replies
    This week's US data onslaught begins today, with the ADP private payroll report first on deck (Exp. 230K, down from 281K), followed by the number of the day, Q2 GDP, which after Q1's abysmal -2.9%, is expected to increase 3%. Anything less and in the first half the US economy will have contracted, something the purists could claim is equivalent to a recession. The whisper numbers are to the downside since consumption and trade never caught up and the only variable is inventory as well as Obamacare, whose impact was $40 billion "contribution" in Q1 was entirely eliminated and instead...
  • Another ObamaCare Promise Flatlines

    07/30/2014 3:55:48 AM PDT · by IBD editorial writer · 3 replies
    Investor's Business Daily ^ | 07/29/2014 | IBD Staff
    Health Care: Remember when ObamaCare backers said there was no way the law would push employers to drop their health plans? A new report calls the lie on that one, too. A big concern raised by critics of ObamaCare was that employers would shift their health costs onto taxpayers — dropping insurance benefits knowing workers could access guaranteed, often subsidized coverage in an ObamaCare exchange. Typical of the left's response was a Families USA "fact sheet" that called such worries a "myth." "Employers that offer coverage will continue to do so," it declared. The liberal Urban Institute likewise promised the...
  • No One Like's Ike's Memorial

    07/30/2014 3:26:30 AM PDT · by afraidfortherepublic · 21 replies
    The Washington Free Beacon ^ | 7-29-14 | Stephanie Wang
    House report could doom Frank Gehry design After more than a decade of planning and $44 million spent, a proposed memorial for President Dwight D. Eisenhower may never be built. A House Committee on Natural Resources report published last week revealed the extent of the money wasted on the already controversial project. Construction for the Eisenhower memorial has not begun and the proposed design has not been approved, but the Eisenhower Commission, which was established as a staff of 12 in 1999, has already spent tens of millions of dollars on the project. Much of that money has gone to...
  • Obama: Troll Hard With a Vengeance

    07/30/2014 1:48:39 AM PDT · by servo1969 · 14 replies
    Townhall.com ^ | 7-30-2014 | Ben Shapiro
    This week, as I have been predicting for months, President Barack Obama announced that he would be considering unprecedented executive action to provide legal status for millions of illegal immigrants. His goal is not to solve the immigration crisis -- you don't grant legal status to 5 million illegal immigrants, then leave the back door wide open if you're interested in solving the problem. His goal is not to help illegal immigrants -- he instead leaves them in limbo by granting them temporary work permits, rather than blanket amnesty. His goal is trolling. Trolling is a practice whereby a person...
  • Ad Sales Drop Cause New York Times Profits to Collapse 54%

    07/29/2014 9:43:54 PM PDT · by Zakeet · 30 replies
    Brietbart ^ | July 29, 2014 | John Nolte
    The Financial Times reports that a drop in ad sales at the New York Times caused the left-wing newspaper's profits to collapse 54% in the second quarter of this year. [Snip] A fall in advertising revenues and stepped-up investment in digital products outweighed rises in digital subscribers and circulation revenue at the New York Times, sending headline profit 54 per cent lower in the second quarter.
  • The Truth About the Fed’s Relationship With Bubbles

    07/29/2014 6:37:14 PM PDT · by Lorianne · 9 replies
    Zero Hedge / Phoenix Capital Research ^ | 28 July 2014 | Phoenix Capital Research
    Many commentators have previously argued that the Fed is too dumb or too inept to identify of categorize asset bubbles. By focusing on the Fed’s mental acuity, these commentators are overlooking a key factor: the Fed WANTS to asset bubbles. The reason for this? Asset bubbles, at least according to the Fed’s models, will paper over the steady decline in quality of life that began in the US roughly 50 years ago. This fact is staring everyone in the face, though few people make it explicit. Back in the 1950s, the average American family had one working parent and was...
  • Jaded Argentines brace for looming debt default

    07/29/2014 6:12:54 PM PDT · by Lorianne · 11 replies
    Reuters ^ | 29 July 2014 | Eliana Raszewski and Richard Lough
    Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default. Instead, he's hunkering down for a possible second default this Thursday, cutting investment plans and scaling back his targets. "We had plans to launch 11 new products. Now we are going to release just three," Garcia, 70, told Reuters inside a cavernous warehouse piled high with boxes of dolls, balls and plastic rabbits. "We would rather keep the money to support the company's structure as it...
  • Meet the SEC's 6,500 Whistleblowers

    07/29/2014 6:08:51 PM PDT · by afraidfortherepublic · 8 replies
    WSJ online ^ | 7-29-14 | Maxwell Murphy
    What do four adult entertainers, 138 engineers, a handful of pilots and a pastor have in common? They all think they have hot tips about an alleged financial fraud. They are also among the more than 6,500 people who have offered confidential information under the whistleblower program of the Securities and Exchange Commission. The agency set up the program in mid-2011 with hopes of eliciting dirt on corporate wrongdoers. It offers a bounty of up to 30% of penalties for any monetary sanctions the agency extracts that exceed $1 million. The potential windfall has attracted tips from at least 68...
  • Euro zone efforts to boost inflation are full of hot air

    07/29/2014 6:06:29 PM PDT · by Lorianne
    Market Watch ^ | 28 | Satyajit Das
    Despite investor enthusiasm, economic risks are rising in Europe, as amply illustrated by the recent problems of Portuguese bank Espiritu Santo. But rather than create growth, boost inflation and weaken the euro, the European Central Bank program announced in early June is likely to have unintended consequences. The ECB initiatives also do not address the fundamental problems of over-indebtedness and need for structural reforms. Maintenance or increasing debt levels is a curious solution to a problem of too much, not too little debt, which lies at the heart of the European crisis.
  • China’s perilous tangle of military and economic fortunes

    07/29/2014 5:57:09 PM PDT · by Lorianne · 7 replies
    Financial Times ^ | 28 July 2014 | Robert D Kaplan
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/dbe55adc-140d-11e4-b46f-00144feabdc0.html#ixzz38uQ4ms5q Two debates are under way over China. The first, about Beijing’s aggression in the South and East China seas, is between naval strategists and diplomats who know little about economics. The second, about the fragility of the Chinese economy, is between economists who know little about naval strategy and diplomacy. These debates should intersect but they rarely do. In one, China...
  • Private Equity’s Free Pass

    07/29/2014 5:51:41 PM PDT · by Lorianne · 6 replies
    New York Times ^ | 26 July 2014 | Gretchen Morgenson
    For thousands of hobbyists, the local Michaels Stores outlet is a must-stop shop for scrapbooks, dried flowers, crochet hooks, sewing notions and dozens of other do-it-yourself paraphernalia. In these essentials, Michaels, the nation’s largest arts-and-crafts retailer, has remained unchanged for years. But behind the scenes, the company has been refashioned by two financial giants — Bain Capital and the Blackstone Group — which have effectively controlled Michaels since 2006, when they took the chain private in a $6 billion leveraged buyout. Since then, Bain and Blackstone have profited from scrapbookers and needlepoint artists in part through an array of sophisticated...
  • How Litigating Lost E-mails Works

    07/29/2014 5:34:13 PM PDT · by afraidfortherepublic · 9 replies
    The American Thinker ^ | 7-29-14 | Bruce Walker
    On July 4, 2014, I wrote an article, “Litigating Lost E-mails,” which proposed using federal judges to compel corrupt bosses to the IRS to force the Obama administration to tell the truth about the “lost” e-mails or face the consequences of lying to federal judges. What I proposed was to do what Democrats did forty years ago this month to Nixon. The case filed against Nixon in United States District Court was decided on May 31, 1974, and the case was argued before the Supreme Court on July 8, 1974. The unanimous decision (Justice Rehnquist recused himself) was decided barely...
  • The west risks collateral damage by punishing Russia

    07/29/2014 3:15:03 PM PDT · by Lorianne · 6 replies
    Financial Times ^ | 27 July 2014 | Wolfgang Münchau
    When I read last week’s revision in the International Monetary Fund’s forecasts, I was reminded of William Gilmore Simms, a 19th century US historian, who said: “I believe that economists put decimal points in their forecasts to show that they have a sense of humour.” If only that were true. The latest update of the IMF’s World Economic Outlook puzzled me in two decimal-point respects, neither of them humorous. The sanctions to be decided this week are known in EU jargon as “tier three”; the red-alert stage. As reported by Peter Spiegel, the Financial Times Brussels bureau chief, the European...
  • Yes, This Is An Equity Bubble

    07/29/2014 3:09:09 PM PDT · by Lorianne · 6 replies
    Hussman Funds ^ | 28 July 2014 | John P. Hussman, Ph.D.
    A few notes on valuation and investment returns. First, as I’ve noted frequently in recent comments, it’s quite reasonable to argue that lower interest rates can “justify” higher valuations, provided that one also recognizes that those higher valuations will still be associated with commensurately lower future equity returns. At present, we estimate zero or negative nominal total returns for the S&P 500 on horizons of 8 years or less, and about 1.9% annual total returns over the next decade. If these prospects seem “fair” given the level of interest rates, that’s fine – one can then say that low interest...
  • July 2014 Ratings: MSNBC Has Lowest Primetime Demo in Eight Years

    07/29/2014 3:02:56 PM PDT · by iowamark · 21 replies
    Mediabistro ^ | July 29, 2014 | Jordan Chariton
    MSNBC placed third in viewers and fourth in A25-54 demo viewers in total day this month. In primetime, the network finished second in viewers and third in the demo; the latter was the network’s lowest in eight years–since July 2006.The ratings for July 2014 (Nielsen Live + Same Day data): Primetime (Mon-Sun): 550,000 Total Viewers / 152,000 A25-54Total Day (Mon-Sun): 318,000 Total Viewers / 92,000 A25-54 Compared to the same month last year, MSNBC was down -16% in total viewers and -33% in A25-54 viewers in total day. In primetime, the network was down -6% and -25%, respectively.MSNBC’s daytime programming...
  • BP and Shell: Are we on the cusp of the oil mega mergers?

    07/29/2014 3:01:04 PM PDT · by Lorianne · 3 replies
    Telegraph (UK) ^ | 26 July 2014 | Ben Marlow
    A slump in profits could reignite a flurry of deal-making and see a return to mergers of the big oil companies ___ Ten years ago, Lord Browne, the then chief executive of BP, flew to Williamsburg, Virginia, for a board meeting, where he planned to outline detailed proposals for a mega-merger with Royal Dutch Shell. The radical tie-up had been discussed in secret weeks earlier with Jeroen van Der Veer, his counterpart at Shell, during a stroll around Lake Como in Italy. With an estimated $9bn (Ł5.3bn) of synergies from the deal and Browne’s conviction that he had the backing...
  • California vs. Texas: Which model is shape of the future?

    07/29/2014 2:31:02 PM PDT · by TigerClaws · 61 replies
    After six decades of doing business in California, Toyota is moving its North American headquarters to Texas. That means 3,000 of the carmaker's jobs will be leaving Torrance and going to Plano, perhaps convincing California officials they should stop Texas Gov. Rick Perry at the border the next time he attempts to come to the Golden State for another raid on businesses.
  • The Associated Press is ruining its brand

    07/29/2014 2:10:41 PM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 07/29/2014 | Noah Rothman
    The Associated Press has a big social media problem. A string of poorly worded and misleading tweets from that news organization have begun to seriously damage that institution’s coveted brand as an apolitical and trusted reporting outlet. The series of terrible tweets from the AP began on July 22 when the organization rushed to promote a breaking story regarding the American intelligence community’s formal assessment of the parties involved in the July 17 attack on Malaysian Airlines Flight 17. BREAKING: US officials: Intel suggests Malaysia plane shot down by separatists, no link to Russia found.— The Associated Press (@AP)...
  • Senate Democrats Angle for Entire Gang of Eight Bill After Boehner Caves

    07/29/2014 12:33:55 PM PDT · by servo1969 · 24 replies
    Breitbart.com/Big-Government ^ | 7-29-2014 | Matthew Boyle
    Senate Democrats are angling to include the entire “Gang of Eight” bill in a conference committee with whatever border crisis bill comes out of Speaker John Boehner’s House of Representatives, Politico reports. “The only way any piece of the House proposal could become law is if it was conferenced with the Senate’s comprehensive immigration reform bill, which is something we’d certainly consider,” a senior Democratic aide told Politico. Gang of Eight Republicans Sens. Marco Rubio (R-FL), John McCain (R-AZ), Lindsey Graham (R-SC), and Jeff Flake (R-AZ) recently issued a joint statement saying they did not want this to happen, but...
  • U.S. sales to Russia have only risen since sanctions imposed

    07/29/2014 12:02:26 PM PDT · by McGruff · 5 replies
    McClatchy Washington Bureau ^ | July 28, 2014 | John Moritz
    In the months since the United States imposed sanctions on Russian businesses and close associates of President Vladimir Putin’s, an odd thing has happened: U.S. exports to Russia have risen. U.S. Census Bureau foreign trade data show that exports rose 17 percent from March through May _ the most recent months for which the data is available _ compared with the previous three months, before sanctions were imposed. The value of exports has risen in each consecutive month this year, an unusual trend in a trade relationship that historically fluctuates on a monthly basis.
  • Obama’s Crony Capitalists Strike it Rich

    07/29/2014 10:51:18 AM PDT · by aimhigh · 13 replies
    Wall St Daily ^ | 07/28/2014 | Floyd Brown
    Take, for example, David Grain. According to Federal Election Commission reports, Grain gave $60,000 to Obama’s campaign and the DNC in 2008, and he gave $22,500 in 2012. Grain has also been a lucrative fundraising partner for Obama. In 2008, Grain helped raise an additional $200,000 to $500,000 for Obama, according to a report in Bloomberg News. And now, money is set to flow the other direction… You see, Grain owns a private equity firm called Grain Management, LLC. that failed to qualify under existing rules as a small business for an upcoming Federal Communications Commission (FCC) airwave license auction....
  • Tech layoffs could hit highest level since 2009

    07/29/2014 10:31:44 AM PDT · by SeekAndFind · 15 replies
    The Hill ^ | 07/29/2014 | Vicki Needham
    Layoffs in the technology sector could reach their highest level in five years, according to a group that tracks employments trends. So far this year, tech employers have announced plans to cut payrolls by 48,402, a 68 percent increase over the 28,883 layoffs announced during the same period in 2013, according to a special report released Monday by Challenger, Gray & Christmas. At the current rate, the 2014 year-end total could be the highest since 2009, when tech-sector job cuts hit 174,629. The highest total on record was 695,581 job cuts in 2001, when the tech bubble in the stock...
  • General Electric's Game-Changing Fuel Cell May Spark A Revolution

    07/29/2014 10:19:37 AM PDT · by shove_it · 41 replies
    SeekingAlpha ^ | 29 Jul 2014 | David Alton Clark
    ~snip~ The details behind the new fuel cell The new fuel cell uses stainless steel in place of platinum and rare metals. Johanna Wellington, advanced technology leader at General Electric Global Research and the head of General Electric's fuel cell business, states: "The cost challenges associated with the technology have stumped a lot of people for a long time. But we made it work, and we made it work economically. It's a game-changer. The new fuel cell can generate electricity at any location with a supply of natural gas. It can get going quickly, does not need new transmission lines...
  • Fire Reid Already

    07/29/2014 10:12:01 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | July 29, 2014 | John Ransom
    Shortly before the market crash in 2008, when oil prices were at all-time highs, Harry Reid, Democrat Senate Majority Leader, sold his investments in the energy industry-- according to his public filings-- and bought the healthcare industry instead. Thanks to the ensuing banking panic caused by skyrocketing oil prices and their subsequent crash, Barack Obama was elected president of the United States. Obama, history now tells us, made one of his first tasks to enrich Wall Street and healthcare companies through the fundamental transformation of healthcare into a government owned subsidiary. And now you know, in a thumbnail sketch,...
  • Study: More than 35 percent of Americans are facing debt collectors

    07/29/2014 9:25:40 AM PDT · by SeekAndFind · 24 replies
    The Week ^ | 07/29/2014 | Meghan DeMaria
    A study released by the Urban Institute on Tuesday found that more than 35 percent of Americans have unpaid bills and debt that has been reported to collection agencies.The debts surveyed include everything from gym memberships to auto loans. The study, which looked at records from September 2013, found that 35.1 percent of people with credit records had been reported to collection agencies. The average debt was $5,178.The Associated Press notes that while America has decreased its credit card debt, the percentage of Americans in collections has remained roughly the same. In 2004, a Federal Reserve study found that 36.5...
  • Governor Walker issues new ad accusing Burke of $25 million dollar mishap

    07/29/2014 8:24:44 AM PDT · by afraidfortherepublic · 5 replies
    Wisconsin Election Watch ^ | 7-28-14 | Kyle Maichle
    MADISON – The campaign of Governor Scott Walker issued a new campaign ad on Monday accusing former Commerce Secretary Mary Burke of a botched deal that may put taxpayers on the hook for $25 million dollars. More: Burke Campaign Issues New Ad over Outsourcing Charge The ad called “Bondoogle” expands off an earlier ad issued by the Walker Campaign that blasted Burke for engaging in a deal with Abbott Laboratories valued at $12.5 million in an attempt to create jobs in Wisconsin. The lot of vacant land that was part of the deal remains vacant to this day according to...
  • Their Economy Will Collapse, Including Ours

    07/29/2014 8:22:41 AM PDT · by SovereignSociety · 22 replies
    Economy and Markets ^ | July 28, 2014 | Harry Dent
    Central bankers think they can keep their economy going by artificial stimulus until they hit escape velocity and grow at normal rates again — but they’re wrong. Here at Dent Research we hold a different view to what drives the economy. And central bankers are in for three big surprises ahead. Their economies are NOT going to grow the way they’re hoping, at least not until the early 2020s, thanks to declining demographic cycles and unprecedented debt ratios. But the surprises I’m talking about are going to come out of left field and slam unexpectedly and so fast into these...
  • Six Flag Stocks to Rise Late This Summer

    07/29/2014 8:22:40 AM PDT · by SovereignSociety · 8 replies
    The Sovereign Investor ^ | July 28, 2014 | Chris Orr
    Remember the cold temperatures, the snow, the wind and the sleet just earlier this year? Now that summer has heated up, you’d think that the polar vortex would be a distant memory by now. Not so for investors. Well, the chill of winter is still affecting companies (and our investments) and will affect some through the end of the year. Take the summer fun stop, the iconic Six Flags theme parks, as an example. When I think of Six Flags, I picture hot, sunny weather with throngs of people waiting in lines for rides or milling around snacking on funnel...
  • 1 in 3 U.S. adults have 'debt in collections'

    07/29/2014 8:00:25 AM PDT · by TigerClaws · 41 replies
    An estimated 1 in 3 adults with a credit history -- or 77 million people -- are so far behind on some of their debt payments that their account has been put "in collections."
  • Tesla's Battery Factory Could be Great for a Bankrupt California

    07/29/2014 7:51:31 AM PDT · by SeekAndFind · 35 replies
    Business Insider ^ | 07/29/2014 | Matthee Debord
    Based on reports that have emerged over the past few weeks, it looks like California is back in the running as a location for Tesla's Gigfactory — a massive facility that will build the advanced lithium-ion batteries needed to get the electric carmaker to the next level. Nevada, Texas, New Mexico — these were the states that appeared to be in a better position to become the Gigafactory's home than California.But there's been some chatter about Elon Musk and his company potentially taking over an old U.S. Navy facility near San Francisco. And now, according to the Los Angeles Times'...
  • Wisconsin Carry Chairman supports David Clarke for Sheriff

    07/29/2014 7:45:19 AM PDT · by afraidfortherepublic · 3 replies
    Wisconsin Carry, Inc ^ | 7-29-14 | Nik Clark
    Greetings in Freedom, Ordinarily a County Sheriff's election wouldn't be notable for the larger state. In this case however, I'd like to share what is going on in Milwaukee County because the Sheriff's race here has drastic implications for the entire state and country. Milwaukee County Sheriff David Clarke rocked the boat here in SE Wisconsin and nationally when he issued public service announcements in 2013 that encouraged people to take responsibility for their own safety including training to use a firearm in self defense. His public service announcements went viral because while self-defense is only common sense, its extremely...
  • Real Unemployment Rate Is at Least 18 Percent

    07/29/2014 7:32:40 AM PDT · by khelus · 17 replies
    Breitbart ^ | 29 Jul 2014 | Peter Morici
    Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, having quit altogether. They are neither employed nor looking for work. Only about half of the drop in the adult participation rate may be attributed to the Baby Boom generation reaching retirement age. Lacking adequate resources to retire, a larger percentage of...
  • Do Corporations Rule America?

    07/29/2014 5:34:43 AM PDT · by SeekAndFind · 28 replies
    American Thinker ^ | 07/29/2014 | Christopher Chantrill
    I suppose it's natural that the average American believes that the Crash of 2008 was caused by greedy bankers and that the problem with health insurance is insurance company profits. After all, most Americans work for big companies, and they know that at any moment corporate security could appear at their cubicle to escort them to the exit. Employees know the power their bosses have over them; why shouldn't the bosses have the same power to work their will over politicians? Not only that, but politicians pose as the worker's friend. We'll protect you from the ravishings of your lascivious...
  • Government Is Destroying our Standard of Living

    07/29/2014 5:31:48 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 07/29/2014 | Monty Pelerin
    Finally, the change in net worth has made the mainstream media. The statistics, as reported in the NY Times, are horrific, as are the implications for the future of the country. Net worth may be the best single measure of a country's well-being. Median net worth is a reasonable marker for the standard of living. Medians (or averages) are not good measures to capture what is happening at the lowest or highest ends. (More about that below.) In the simplest terms, net worth is the value of a person's assets minus his liabilities. If this measure is growing, a person...
  • Boulder County to refund $5.6M in assessments after judge invalidates paving district

    07/28/2014 9:17:50 PM PDT · by catnipman · 4 replies
    The Daily Camera ^ | 7/28/14 | John Fryar
    Boulder County is moving forward with plans to refund $5.6 million in assessments paid by homeowners after officials announced they won't appeal a judge's ruling that the county exceeded its authority in forming a local improvement district to pay for the repaving of roads in rural subdivisions. ...
  • Man Sues Starbucks And Oprah for $15M Claiming Chai Tea Spiked With Heroin

    07/28/2014 7:14:26 PM PDT · by nickcarraway · 20 replies
    Newsone ^ | Jul 28, 2014 | Ruth Manuel-Logan
    Why is Vernon Charles Allen Merriweather suing talk show maven Oprah Winfrey and Starbucks for discrimination and harassment to the tune of $15 million? Well, the man claims that the tea bearing Oprah’s name and sold at the famed coffee chain was not only laced with heroin but Ambien and hallucinogens as well, according to TMZ. The Buffalo, New York, resident allegedly filed a federal lawsuit stating that when he applied for a job at Starbucks, he was told in no uncertain terms, “We don’t hire ni****s!” The suit then claims the baristas referred to themselves as members of the...
  • Battle for Poor Shoppers Fuels Dollar-Store Deal

    07/28/2014 6:19:46 PM PDT · by ConservativeStatement · 105 replies
    Wall Street Journal ^ | July 28, 2014 | By Paul Ziobro and Shelly Banjo
    The battle for America's poorest consumers intensified Monday with Dollar Tree Inc. agreement to buy rival Family Dollar Stores Inc. for about $8.5 billion. The chains thrived during the recession as the number of working Americans living in poverty increased by nearly 40%, according to the U.S. Bureau of Labor Statistics. The stores appealed to cash-strapped shoppers with bargain-basement prices and locations that were closer to their homes than many Wal-Mart supercenters. The smaller package sizes of everyday items like laundry detergent and cereal fit into the budgets of consumers living paycheck to paycheck.
  • Fearing Obama Unilateral Amnesty Threats, Tea Party Jams Congress's Phone Lines

    07/28/2014 2:24:19 PM PDT · by afraidfortherepublic · 17 replies
    Breitbart ^ | 7-28-14 | Matthew Boyle
    The phone lines are jammed. The American people have risen up in response to a rallying cry from Sens. Jeff Sessions (R-AL) and Ted Cruz (R-TX), overloading the phone lines on Capitol Hill to pressure their members of Congress to fight against President Obama’s planned executive amnesty for millions of illegal aliens. ~snip~ “This shows the American people are going to resist,” a Sessions aide told Breitbart News. “The crescendo will grow. They are only beginning to be heard. They will get louder in the coming days.” The calls are coming in response to Sen. Sessions, who last week asked...
  • What 'small country' did Hillary Clinton lead?

    07/28/2014 2:11:02 PM PDT · by afraidfortherepublic · 48 replies
    The Washington Examiner ^ | 7-28-14 | Asche Schow
    Former Secretary of State Hillary Clinton said Sunday that she knows how difficult it is "to be the leader of a relatively small country." Come again? I know I’m relatively young, but I think I would have remembered President or Prime Minister or Queen Hillary. Clinton made the comments on CNN's "Fareed Zakaria GPS" while discussing the conflict between Israel and Hamas and Israeli Prime Minister Benjamin "Bibi" Netanyahu. “I’ve known Bibi a long time and I have a very good relationship with him, in part because we can yell at each other – and we do,” Clinton said. “And...
  • Argentina to hold last-gasp debt talks with mediator Tuesday (Default Looms Wed.)

    07/28/2014 1:13:48 PM PDT · by tcrlaf · 5 replies
    Yahoo News ^ | 7-28-2014 | By Richard Lough and Daniel Bases
    Argentina on Tuesday will meet the U.S. mediator in its battle with 'holdout' debt investors suing the country for last-minute talks to avert its second default this century. Mediator Daniel Pollack said in a statement on Monday he received a telephone call from the Argentine government advising him a delegation of technical, financial and legal representatives will meet him at 11 a.m. EDT (11.00 a.m. EDT) on Tuesday in his office. "I again urged direct, face-to-face conversations with the Bondholders, but that will not happen tomorrow," Pollack said, referring to the holdout creditors. Argentine dollar-denominated bonds fell more than 3...