Business/Economy (News/Activism)

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  • ObamaCare Is Killing The Blues

    06/28/2016 3:05:17 AM PDT · by IBD editorial writer · 3 replies
    Investor's Business Daily ^ | 6/28/2016 | Staff
    Health Reform: The health care law President Obama signed six years ago was supposed to fix the individual insurance market with enlightened rules and regulations. Instead, ObamaCare is destroying this market. Just look at what's happening to Blue Cross Blue Shield.
  • Volkswagen to Pay $14.7 Billion to Settle Diesel Claims in U.S.

    06/27/2016 8:28:14 PM PDT · by dennisw · 19 replies
    nytimes. ^ | 6-27 | By HIROKO TABUCHI and JACK EWINGJUNE
    Volkswagen has agreed to pay up to $14.7 billion to settle claims stemming from its diesel emissions cheating scandal, in what would be one of the largest consumer class-action settlements ever in the United States. The proposed settlement involving the federal government and lawyers for the owners of about 475,000 Volkswagen vehicles, includes a maximum of $10.03 billion to buy back affected cars at their pre-scandal values, and additional cash compensation for the owners, according to two people briefed on the settlement’s terms. The cash compensation offered to each car owner will range from $5,100 to $10,000. Both the buyback...
  • India Stocks Up on Howitzers to Defend Its Border with China

    06/27/2016 8:01:06 PM PDT · by ameribbean expat · 9 replies
    After a remarkably long wait of 30 years, the Indian Army will finally get its hands on new artillery guns. On Saturday (June 25), India’s defence ministry approved a proposal to purchase 145 ultra light howitzer guns from the British weapons manufacturer BAE Systems. The deal is worth about Rs5,000 crore ($750 million). The country’s defence ministry wants to give these guns to the Mountain Strike Corps—consisting of over 90,000 troops and to be raised by 2021—to defend India’s 4,000-kilometre-long border with China.
  • Britain can't leave the EU without MPs voting for it, top lawyers say

    06/27/2016 7:56:30 PM PDT · by dennisw · 31 replies
    The country may just have voted 52% in favour of leaving the EU, but Brexit won’t become a reality unless voted for by members of Parliament, according to Geoffrey Robertson QC. The lawyer, who set up Doughty Street Chambers, says the referendum was “purely advisory”, and his sentiments have been echoed by Charles Flint QC in a letter to the Times. “Under our constitution, speaking as a constitutional lawyer, sovereignty rests in what we call the Queen in parliament,” Robertson told The Independent. “It’s the right of MPs alone to make or break laws, and the peers to block them....
  • Naked in the national interest

    06/27/2016 7:11:52 PM PDT · by sparklite2 · 10 replies
    BBC News ^ | June 27, 2016 | BBC Trending
    When President Alyaksandr Lukashenka urged Belarusians "to get undressed and work till you sweat", there was every reason for his passionate appeal. But in the days after the president's speech, some Belarusians answered the call perhaps a little more literally than might have been anticipated by Lukashenka - who is informally called Daddy (Batska) by some of his countrymen.
  • Ratings agencies rip into UK's credit score after Brexit vote

    06/27/2016 6:49:17 PM PDT · by RKBA Democrat · 34 replies
    Rooters ^ | 6-27-16 | Andy Bruce
    Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy. Standard & Poor's stripped Britain of its last remaining top-notch credit rating, dropping it by two grades from "AAA" to "AA" and warning more downgrades could follow. Fitch Ratings also downgraded its ranking for Britain's creditworthiness by one notch, and similarly said more cuts could follow. The ratings agencies effectively added a rubber stamp to the market's view of the Brexit vote, as sterling tanked to a...
  • Pepsi To Bring Back Aspartame-Sweetened Diet Pepsi By September

    06/27/2016 3:51:23 PM PDT · by SMGFan · 101 replies
    Consumerist ^ | June 27, 2016
    Weeks after it was rumored that continued falling sales would propel PepsiCo to once again change the sweetener used in its main calorie-free beverage, Diet Pepsi, back to aspartame, the company announced plans to do just that Monday. PepsiCo said Monday that it would reintroduce aspartame-sweetened Diet Pepsi in September, the Wall Street Journal reports. Despite reintroducing the aspartame-sweetened beverage, PepsiCo says it will continue to sell a version sweetened with a blend of sucralose (Splenda) and acesulfame potassium (branded as “Ace K”) that began to appear on shelves last summer.
  • Kremlin compares Brexit to Soviet Union fall

    06/27/2016 2:20:02 PM PDT · by McGruff · 25 replies
    Ukraine Today ^ | June 27, 2016
    Moscow compares an uncertainty following Britain's referendum on its exit from the E.U. to the Soviet Union collapse. Dmitry Peskov, Russian President Putin's spokesman, stated this on June 27, UNIAN news agency reports. He adds that Moscow supports the idea of reviving good ties between his country and the U.K.
  • Chicago Is Pushing For A Massive Bailout Of Its Public School System

    06/27/2016 1:35:32 PM PDT · by Zakeet · 29 replies
    ZeroHedge ^ | June 27, 2016
    It is well known that Chicago's pension liabilities have completely decimated the city's finances and currently stand at close to $20 billion. Faced with a significant challenge of meeting funding obligations as a result of a 2010 state law, Mayor Rahm Emanuel recently won a slight reprieve in the amount of money the city would have to contribute to fund the liabilities over the next few years, as recently Illinois lawmakers overrode Governor Bruce Rauner's veto and will now change the legislation in order to allow the city to defer payments to fund pensions. Under the prior legislation, Chicago was...
  • 'Dance Mom's' Abby Lee Miller pleads guilty in bankruptcy case

    06/27/2016 12:36:56 PM PDT · by bgill · 41 replies
    FOX ^ | June 27, 2016 | AP
    "Dance Moms" star Abby Lee Miller pleaded guilty Monday to bankruptcy fraud and failing to report thousands of dollars in Australian currency she brought into the country. She was charged last fall with illegally trying to hide $775,000 worth of income from the Lifetime network reality show and spinoff projects during her Chapter 11 bankruptcy. Authorities later accused her of dividing more than $120,000 into plastic bags and having others in her group put the bags in their luggage in August 2014, violating a law requiring people to report bringing more than $10,000 worth of foreign currency into the country.
  • Governor to Obama in Food Stamp Fight: ‘Wake Up and Smell the Energy Drinks’

    06/27/2016 11:36:08 AM PDT · by Tolerance Sucks Rocks · 104 replies
    The Daily Signal ^ | June 24, 2016 | Melissa Quinn
    Maine Gov. Paul LePage may have considered a proposal to prohibit food stamp recipients from using their benefits to buy candy and sodas to be a sweet one, but the Obama administration disagrees. The friction between the Republican governor and the U.S. Department of Agriculture has reignited a debate after the Obama administration denied LePage’s request to put restrictions on what can be purchased with food stamps. In a letter to Agriculture Secretary Tom Vilsack, LePage said: “It’s time for the federal government to wake up and smell the energy drinks.” In an interview with The Daily Signal, LePage’s health...
  • BET Awards: Clinton Rally, Then a Sermon Against Abusive 'Invention Called Whiteness'

    06/27/2016 9:12:49 AM PDT · by rktman · 23 replies
    newsbusters.org ^ | 6/27/2016 | Karen Townsend
    Just as you would expect, the 2016 BET (Black Entertainment Television) Awards were full of Black Lives Matter references and reminders to register to vote and then get out the vote for Hillary Clinton. After the opening of the award ceremony featured Beyoncé and her back-up dancers marching into the auditorium to a Martin Luther King, Jr. speech, actor and producer Terence J went on to say, “Your vote is your voice,” and reminded everyone to register and “vote smart” as he introduced the show hosts, ABC’s Blackish stars Anthony Anderson and Tracee Ellis Ross. Isn’t it interesting that these...
  • Domino Effect: More Countries Want Referendums On The EU

    06/27/2016 8:41:36 AM PDT · by amessenger4god · 5 replies
    Unsealed.org ^ | 6/27/16 | Ricardo
    Large majorities across Europe now want their own referendums on the EU. Graph taken from Zero Hedge: The writer from Zero Hedge notes: "over 40% of Swedes, Poles, and Belgians are in the same boat." And also predicts that if Le Pen and her National Front is victorious next year, France may be the next country to hold a referendum for leaving the EU.  Meanwhile, stocks are down across Europe, and American futures are slightly down across the board. China, which is in a perpetual condition of collapse, is using the opportunity to blame BREXIT for the latest phase of...
  • Germany and France urge deeper EU 'political union'

    06/27/2016 7:47:59 AM PDT · by Olog-hai · 35 replies
    TheLocal.de ^ | 27 Jun 2016 14:37 GMT+02:00 | (AFP)
    The foreign ministers of Germany and France on Monday called for ambitious steps to strengthen the European Union after Britain’s shock vote to leave the bloc. “We will… take further steps toward a political union in Europe, and we invite the other European states to join us in this endeavor,” Frank-Walter Steinmeier and Jean-Marc Ayrault wrote in a joint position paper. The top diplomats of the two core EU founding members and biggest economies said that “Germany and France have a responsibility to strengthen solidarity and cohesion within the European Union”. But they also signaled a willingness to accept a...
  • Parliament takes axe to 2nd EU referendum petition

    06/27/2016 7:26:07 AM PDT · by snarkpup · 7 replies
    The Register ^ | 27 Jun 2016 at 11:14 | Andrew Orlowski
    A petition to nullify the UK’s EU referendum and hold another appear to be riddled with fraudulent data. Raw data examined reveals that many of the participants come from outside the UK, or use IP addresses outside the UK. ... “The sight of educated men and women trying to overturn a national referendum with an online petition is pathetic beyond belief,” wrote Chris Snowdon of the Institute for Economic Affairs. “Many of the arguments made by the Remain camp were fundamentally anti-democratic; they prefer to have an elite in charge with whom they agree [rather] than have a demos in...
  • United Way Affiliates Give $3 Million a Year to Planned Parenthood

    06/27/2016 5:50:29 AM PDT · by milton23 · 24 replies
    Daily Signal ^ | 6/24/2016 | Leah Jessen
    United Way affiliates provide almost $3 million a year to Planned Parenthood, according to a money-tracking website that examines consumer and political causes. 2nd Vote, a conservative, nonprofit watchdog that tracks corporate spending, conducted what it calls “exhaustive” research of United Way affiliates and their giving to Planned Parenthood. “Last year, 2nd Vote compiled an exhaustive list of United Way affiliates that helped fund the world’s largest abortion provider, Planned Parenthood,” 2nd Vote spokesman Robert Kuykendall said in a formal statement. “The latest available financial documentation for each of these affiliates indicates that United Way funnels almost $3 million to...
  • ‘Let’s not be hasty’: Despite EU push, UK politicians say no need for quick Brexit

    06/27/2016 4:55:57 AM PDT · by Enlightened1 · 11 replies
    R.T. News ^ | 06/26/16
    British politicians, including strong advocates of the Leave campaign, say there’s no rush in starting the process to exit the European Union. The people had their say Thursday, voting 52 percent to 48 per cent in favor of parting ways with the EU, giving the British government the green light to begin ‘divorce’ proceedings. However, there is a sense of reluctance on the part of many, including Brexit-backer Boris Johnson, even to consider invoking Article 50 for some time yet. Johnson, who was vocal on what he called the “anti-democratic absurdities of the EU” during the campaign, says there’s no rush...
  • Brexit Hits Fragile Global Economy, Putting Federal Reserve In A Bind

    06/27/2016 4:18:02 AM PDT · by expat_panama · 11 replies
    Investors Business Daily ^ | 6/24/2016 | JED GRAHAM
    The unexpected U.K. vote to leave the European Union has predictably set off a flight to safety, sinking global equity markets and Treasury yields, while boosting the value of the dollar. The immediate consequences are the opposite of what the weak global economy... ...the U.K. only accounts for about 2.4% of global GDP... ...Brexit vote will provoke "a crisis of confidence... ...For now, though, uncertainty about the future of Europe and concern about the disruption of trade are likely to weigh on investment and growth. IHS Global Insight, which had been forecasting 1.5% GDP growth in Germany in 2017, now...
  • Greenpeace under fire

    06/26/2016 9:51:46 PM PDT · by george76 · 7 replies
    Washington Times ^ | June 26, 2016 | H. Sterling Burnett
    Nations around the world reject its eco-terrorism tactics. Governments and courts around the world are finally cracking down on the eco-terrorist organization Greenpeace. The crackdown, which is long overdue, couldn’t happen to a more misguided bunch of people. In early December 2014, more than 20 Greenpeace activists damaged a UNESCO World Heritage Site as part of a publicity stunt meant to motivate greater government support for renewable-energy sources they think are necessary to battle supposed human-caused climate change. The activists walked into a “strictly prohibited” area where the Nazca Lines are located in Peru and laid big, yellow cloth letters...
  • A Better Way To Look At Trade Deals

    06/26/2016 6:28:59 PM PDT · by expat_panama · 14 replies
    Investors Business Daily ^ | 6/24/2016 | PHILIP I. LEVY and CHRISTINE A. MCDANIEL
    Critics of the Trans-Pacific Partnership, such as Donald Trump, Hillary Clinton and Bernie Sanders, were convinced months ago that it would harm the United States... ...International Trade Commission (ITC) was mandated to deliver its verdict... ...the findings landed with a thud. That was only partly because the document was 792 pages long; it also foretold of modest results. It predicted that, by 2032, U.S. real income would be 0.23% higher with the agreement than without and employment would be .07% higher (128,000 full time jobs). Hardly earth-shattering... ...There are limitations to these workhorse trade models... ...Few -- if any --...
  • The PBOC just fixed the yuan at its weakest level since December 2010

    06/26/2016 6:28:37 PM PDT · by ameribbean expat · 9 replies
    The People’s Bank of China have set the USD/CNY fixing for Monday at 6.6375, some 0.9% weaker than Friday’s fixing level of 6.5776. The figure, well above Friday’s close of 6.6150, was the weakest fixing level seen since December 2010.
  • Paris isn't happy about Amazon's one-hour delivery service

    06/26/2016 6:03:03 PM PDT · by ameribbean expat · 39 replies
    The mayor of Paris this week issued a stern warning to Amazon over its express delivery service, raising concerns over its impact on local businesses and criticizing the US company for informing authorities "only a few days" before it launched. In a press release published Sunday, the office of Mayor Anne Hidalgo called on Amazon to guarantee that its Prime Now delivery service will not add to the city's pollution problems and that it will preserve the "diversity" of Paris' economy.
  • UK-US special relationship shaky following Brexit vote

    06/26/2016 2:14:41 PM PDT · by Mariner · 31 replies
    The Financial Times ^ | June 26th, 2016 | by: Geoff Dyer, Demetri Sevastopulo and David J Lynch
    As one special relationship falters, another may beckon. The British vote to leave the EU could hasten a changing of the guard among Washington’s European allies, with Germany replacing the UK as its most important partner. In the immediate aftermath of the Brexit vote, the White House has gone out of its way to emphasise the enduring links that will remain between the US and the UK. “One thing that will not change is the special relationship that exists between our two nations,” US President Barack Obama said on Friday. But Mr Obama has less than seven months left in...
  • Oberlin College offers buyouts to faculty and staff

    06/26/2016 1:40:55 PM PDT · by george76 · 23 replies
    cleveland ^ | June 24, 2016 | Karen Farkas
    OBERLIN, Ohio - Oberlin College, in an effort to save several million dollars a year, has offered buyouts to 323 faculty and staff. Buyout offers at colleges are rare but have become a way to encourage professors, whose positions are protected by tenure, to retire. Oberlin offered the Voluntary Separation Incentive Plan to employees, including 100 faculty, in April. The college expects about 85 individuals to accept the offer ... The board of trustees agreed to slow the rate of tuition increase from 3.9 percent to 2.8 percent in the 2016 fiscal year, which will result in $2.1 million in...
  • Switzerland set to ask EU for limited migration curbs: president

    06/26/2016 12:56:07 PM PDT · by Mariner · 8 replies
    Reuters ^ | June 26th, 2016 | by Francois Murphy
    Switzerland will propose in talks with Brussels that it should be allowed to protect economic sectors in specific regions against immigration from the European Union, its president told a Sunday newspaper. Switzerland only has until February to implement a binding 2014 referendum demanding limits on the influx of foreigners to a country whose population is already a quarter foreign. But a blanket curb on immigration would torpedo a set of interlinked bilateral economic accords under which Switzerland agreed to allow free movement of people. "Not much can be obtained with a bare figure," Swiss President Johann Schneider-Ammann told the SonntagsZeitung...
  • French prime minister opposes transatlantic trade deal

    06/26/2016 12:44:25 PM PDT · by Mariner · 7 replies
    AFP ^ | June 26th, 2016 | Unattributed
    French Prime Minister Manuel Valls on Sunday blasted a planned EU-US trade treaty, saying the ambitious deal was against “EU interests”. “No free trade agreement should be concluded if it does not respect EU interests. Europe should be firm,” Valls told members of the governing Socialist Party, adding “France will be vigilant about this.”p> “I can tell you frankly, there cannot be a transatlantic treaty agreement. This agreement is not on track,” Valls said. The Transatlantic Trade and Investment Partnership (TTIP) aims to topple regulatory and tariff barriers and establish the largest free-trade and investment area in the world. The...
  • French PM: Europe must stop being finicky and intrusive

    06/26/2016 10:33:05 AM PDT · by Mariner · 24 replies
    Reuters ^ | June 26th, 2016 | by Ingrid Melander
    The European Union must stop being nit-picky and intrusive, French Prime Minister Manuel Valls said on Sunday as the bloc scrambled to handle the aftermath of Britain's vote to leave. The Brexit vote to leave the EU has deepened fears among mainstream politicians across Europe about the rise of eurosceptic, anti-establishment parties, particularly in France, where the far-right National Front is increasingly popular. That concern has also prompted mainstream French politicians on the left and right to call for an overhaul of Europe, in a country where surveys show disillusionment with Brussels is growing. "We must put an end to...
  • Google, Facebook Quietly Move Toward Automatic Blocking of Extremist Videos

    06/26/2016 9:37:08 AM PDT · by rktman · 32 replies
    newsmax.com ^ | 6/25/2016 | unknown
    Some of the web's biggest destinations for watching videos have quietly started using automation to remove extremist content from their sites, according to two people familiar with the process. The move is a major step forward for internet companies that are eager to eradicate violent propaganda from their sites and are under pressure to do so from governments around the world as attacks by extremists proliferate, from Syria to Belgium and the United States.
  • Look to the unilateral decisions of Obama and Merkel for the passage of Brexit

    06/26/2016 7:33:16 AM PDT · by snarkpup · 10 replies
    Estonian Public Broadcasting ^ | 6/25/2016 | Joseph Enge
    University of Tartu guest history lecturer Joseph Enge thinks that the UK's vote to leave the European Union is both reasonable and rational, and that it should not come as a surprise. Even more, the current criticism of the voters shows that they are right to leave. Yesterday’s vote for the UK to leave the European Union should not come as a surprise. Their decision is reasonable and rational given the unilateral decisions made by President Obama and Chancellor Merkel without consulting or taking account British concerns or interests. Yet, the hue and cry have been falsely and insultingly directed...
  • UK's departure makes EU disintegration 'practically irreversible': Soros

    06/26/2016 6:38:38 AM PDT · by Hojczyk · 22 replies
    Yahoo Finance ^ | JUNE 26, 2016 | Javier E. David
    Brexit, combined with Europe's festering migrant crisis, has created a "catastrophic scenario" that has grave consequences for Britain and the world economy, Soros wrote, "making the disintegration of the EU practically irreversible." Noting that Scotland is agitating to leave the U.K., Soros said the county itself "may not survive" the decision to leave Europe. "The consequences for the real economy [from Brexit] will be comparable only to the financial crisis of 2007-2008," wrote the billionaire, adding that a domino effect could potentially end decades of continental unification. "But the implications for Europe could be far worse," Soros cautioned. "Tensions among...
  • Say Goodbye to the Annual Pay Raise

    06/26/2016 5:57:44 AM PDT · by grey_whiskers · 43 replies
    MSN Money ^ | June 26, 2016 | Bloomberg Staff
    Annual pay raises don't work. The salary increase serves two purposes: to motivate workers and to keep employees from leaving for a better-paying job. In its current form, the traditional raise does neither of those things very well. "You can't really do a lot with the annual raise," said Evren Esen, director of survey programs at the Society for Human Resource Management. When the economy is decent, annual pay adjustments come in at 1 percentage point or 2 percentage points ahead of inflation for a given year. That doesn't go far. Employees expect to get at least the cost of...
  • Labour MP Demands Parliament Ignore ‘Madness’ Brexit Vote

    06/26/2016 5:52:38 AM PDT · by Enlightened1 · 54 replies
    AP via Breitbart ^ | 06/26/16 | Breitbart London
    A British opposition lawmaker says Parliament should stop the “madness” Iand overturn the result of a referendum calling for Britain to leave the European Union. Labour legislator David Lammy says Thursday’s national vote was non-binding and “our sovereign Parliament needs to now vote on whether we should quit the EU.” David Lammy ‏@DavidLammy 21h21 hours ago Wake up. We do not have to do this. We can stop this madness through a vote in Parliament. My statement below 16,725 retweets 15,684 likes              
  • Brexit: French and German trade groups urge EU unity

    06/26/2016 2:22:59 AM PDT · by Olog-hai · 8 replies
    TheLocal.de ^ | 26 Jun 2016 09:05 GMT+02:00
    Business groups in France and Germany on Sunday said EU nations should respond to Britain’s decision to quit the bloc by working even more closely together to limit the “turbulence” caused by the Brexit shock. In an joint appeal published in the French Journal du Dimanche, the heads of Germany’s powerful BDI and BDA industry groups and the president of France’s MEDEF employers’ federation made the case for stronger political and economic cooperation. […] They urged the leaders of France and Germany to “solemnly remember their commitment to European values” and boost European cooperation on foreign policy and security, especially...
  • Rating agency Moody's CUTS British credit outlook to 'negative'

    06/25/2016 10:31:25 PM PDT · by Enlightened1 · 37 replies
    Daily Mail ^ | 06/24/16 | Thomas Burrows
    Credit rating agency Moody's has lowered Britain's credit outlook to 'negative' from 'stable' in the wake of the country voting to leave the European Union.Following the Brexit vote, it said Britain's economic growth will be weaker and warned the public finances will be weaker than previously forecast, meaning it will be harder to cut the deficit. A negative outlook means there is a greater danger of a country being downgraded. It is three years since Moody's cut Britain's AAA rating. It currently has the UK on AA+, the second highest rating.It said: 'During the several years in which the UK will have to...
  • Germany makes fracking verboten

    06/25/2016 8:25:06 PM PDT · by Olog-hai · 45 replies
    TheLocal.de ^ | 24 Jun 2016 15:03 GMT+02:00 | (AFP)
    German lawmakers approved a law that essentially bans fracking, ending years of dispute over the controversial technology to release oil and gas locked deep underground. The text approved on Friday does not outlaw conventional drilling for oil and gas, but leaves it up to state governments to decide on individual cases. But fracking, or hydraulic fracturing, which is carried out by blasting a mixture of water, sand and chemicals underground to release shale oil and gas, will be banned. …
  • East Coast states want to tax drivers’ travel, not their gas

    06/25/2016 6:18:43 PM PDT · by upchuck · 55 replies
    Wa Po ^ | June 25, 2016 | Michael Laris
    Delaware, Pennsylvania, Connecticut and New Hampshire are proposing pilots to figure out how they might charge motorists a fee for the miles they travel — rather than taxing their gas, as state and federal officials do today. The I-95 Corridor Coalition, which represents transportation officials from 16 states and the District of Columbia, applied for a federal grant last month to test the idea. Officials would stitch together the policies and technologies needed to count the miles driven by 50 recruits from each of the four states, including state legislators, transportation officials or other willing guinea pigs. They would send...
  • Brexit is a bad omen for world commerce

    06/25/2016 6:04:50 PM PDT · by Mariner · 40 replies
    WaPo via Standard Examiner ^ | June 25th, 2016 | Jim Tankersley
    The economic story of the past quarter-century was the rapid advance of globalization, the unleashing of trade and commerce among countries rich and poor - a McDonald’s in every European capital, “Made in China” labels throughout Toys R Us. The Brexit vote on Thursday ends that story, at least in its current volume. Voters will soon tell us what sort of sequel they’d prefer. A slowdown in trade growth has already gripped the globe over the past several years, according to data from the World Trade Organization. Prospects now look bleak for completion of major new trade agreements, including the...
  • TransCanada Formally Seeks NAFTA Damages in Keystone XL Rejection

    06/25/2016 4:56:57 PM PDT · by smokingfrog · 13 replies
    Reuters ^ | 6-25-16 | staff
    TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitration claim in January and had then tried to negotiate with the U.S. government to “reach an amicable settlement,” the company said in files posted on the pipeline’s website. “Unfortunately, the parties were unable to settle the dispute.” TransCanada said it then filed its formal arbitration request under North American Free Trade Agreement (NAFTA) provisions, seeking to recover what it says are costs and...
  • Paul Krugman’s Democratic Party

    06/25/2016 3:47:05 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | June 25, 2016 | John C. Goodman
    Paul Krugman may understand the Democratic Party better than most Democrats do. The New York Times editorial writer describes Democrats as a “coalition of social groups, from teachers’ unions to Planned Parenthood, seeking specific benefits from government action.” More often than not, what these groups want from government is at someone else’s expense.That isn’t just a characteristic of the party. That’s what the Democratic Party is.There are also groups that support Republicans: gun owners, small business owners, evangelicals, etc. But Republican groups tend to not want anything from government. More often than not they just want to be left alone....
  • Countrywide Mortgage Devastation Lingers as Ex-Chief Moves On

    06/25/2016 12:17:28 PM PDT · by Reverend Wright · 15 replies
    NY Times ^ | June 24, 2016 | Gretchen Mogensen
    Angelo Mozilo can finally get on with his life. This month the Justice Department told Mr. Mozilo, the former chief executive of Countrywide Financial, once the nation’s largest subprime mortgage lender, that he was no longer under investigation in connection with civil mortgage fraud. The government’s criminal inquiry into Mr. Mozilo’s role in the financial crisis was dropped previously, so he is now in the clear. At least that’s the view from Washington. On Main Street, where the pain of Countrywide’s reckless lending and abusive foreclosure practices still throbs, it’s safe to say that Mr. Mozilo is still identified as...
  • Exxon Refuses To Bow Down To The Climate Fascists

    06/25/2016 10:10:23 AM PDT · by rktman · 31 replies
    capitalismmagazine.com ^ | 6/21/2016 | Jaana Woiceshyn
    Many oil companies succumb to the pressure from environmental activists and the media and join the fight against ‘climate change,’ or at least make motions to appear to do so. Not Exxon Mobil. In a previous column, I applauded CEO Rex Tillerson for refusing to climb on the climate change band wagon and for focusing on producing energy from fossil fuels—on which all of us depend—instead. Tillerson and Exxon have not lost their integrity: they are steadfastly holding on to the principles they know their existence and successful value creation depend on, such as the right to liberty, and more...
  • Woodrow Wilson Center: ‘Giant Number of Refugees’ Are Result of Climate Change

    06/25/2016 8:48:02 AM PDT · by Olog-hai · 41 replies
    Cybercast News Service ^ | June 24, 2016 | 5:05 PM EDT | Penny Starr
    During an event at the Woodrow Wilson International Center for Scholars on Thursday to discuss how women are disproportionately affected by climate change in developing countries, Jane Harman, president and CEO of the center, said that many of the refugees around the globe today are being displaced by climate change. Harman said it is in the interest of the United States to “build resilience” in these countries to prevent migration and even terrorism. “It seems to me that the U.S. has a direct interest in building government capacity, which will build resilience in the countries you’re talking about,” Harman said....
  • Blue Cross and Blue Shield of Minnesota Bails On ObamaCare After $500M Loss

    06/25/2016 8:29:04 AM PDT · by lowbridge · 25 replies
    Breitbart ^ | June 24, 2016 | Jlhn Hayward
    The partial withdrawal of Blue Cross and Blue Shield of Minnesota from the ObamaCare marketplace, driven out by staggering financial losses, is another important milestone in the collapse of the ill-conceived and inaccurately named Affordable Care Act. Providers have been bailing out of ObamaCare across the land, but not Blue Cross/Blue Shield providers. It’s not a total departure from the market, as CEO Michael Guyette took pains to explain at the Minneapolis Star-Tribune: In a sign of continuing tumult in the health insurance industry, the state’s largest insurer said Thursday it will no longer offer its traditional suite of flexible...
  • Republican ex-Treasury chief Paulson slams Trump, to vote for Clinton

    06/25/2016 7:28:18 AM PDT · by Olog-hai · 90 replies
    Reuters ^ | Fri Jun 24, 2016 8:37pm EDT | Eric Beech
    Henry Paulson, a Republican who was U.S. Treasury secretary during the 2008 financial meltdown, on Friday called a Donald Trump presidency “unthinkable” and said he will vote for Democrat Hillary Clinton. Paulson joins a growing list of establishment Republicans who say they will not cast a ballot in the Nov. 8 election for Trump, the party’s presumptive nominee and a political neophyte whose populist rhetoric runs counter to many long-held Republican principles. […] “I’ll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and...
  • Hitler finds out about Britain Leaving the EU !!!

    06/25/2016 7:35:02 AM PDT · by central_va · 11 replies
    youtube ^ | 6/25/16 | parody
    "Call Canaris. Tell him to release Hillary Clinton's emails immediately!"Link here.
  • Petition for London independence signed by thousands after Brexit vote

    06/25/2016 6:19:44 AM PDT · by rktman · 60 replies
    bbc.com ^ | 6/24/2016 | unknown
    A petition calling for Sadiq Khan to declare London an independent state after the UK voted to quit the EU has been signed by thousands of people. The petition's organiser James O'Malley, said the capital was "a world city" which should "remain at the heart of Europe". Nearly 60% of people in the capital backed the Remain campaign, in stark contrast to most of the country.
  • Phoenix Approves Up To $10 Million To Encourage Recycling

    06/25/2016 6:13:44 AM PDT · by hsmomx3 · 12 replies
    KJZZ ^ | 06/22/16 | Christina Estes
    In 2013, the Phoenix City Council created a goal to divert 40 percent of trash from landfills by 2020. To meet that goal, the Public Works Department says outside help is needed. The council discussed the plan during Wednesday's meeting, and it was clear that not everyone thought the price is right. “I think we should have started smaller and built up," said Councilman Michael Nowakowski. He voted against the contract which focuses on community outreach and provides incentives for people who recycle. Before voting no, Councilman Sal DiCiccio said, “If the public wants to understand why they’re paying huge...
  • Germany says 'won't let anyone take Europe from us'

    06/25/2016 5:39:52 AM PDT · by Olog-hai · 100 replies
    TheLocal.de ^ | 25 Jun 2016 11:38 GMT+02:00 | (DPA/The Local)
    German Foreign Minister Frank-Walter Steinmeier said on Saturday that the EU would weather the shock of the British vote to leave the union as he convened crisis talks. “I am confident that these countries can also send a message that we won’t let anyone take Europe from us,” he said heading into a meeting in Berlin of his counterparts from the EU’s six founding members. […] Steinmeier called the European Union “a successful project of peace and stability” and said that there was a “strong desire” within the bloc to defend and strengthen it. …
  • Obama stands by warning on British trade deal after EU vote: White House

    06/24/2016 9:11:41 PM PDT · by Mariner · 101 replies
    Reuters ^ | June 24th, 2016 | by Roberta Rampton
    President Barack Obama stands by his comment that Britain would move to the back of the queue when it comes to trade deals with the United States if it left the European Union, the White House said on Friday. "Obviously, the president stands by what he said and I don't have an update of our position," White House spokesman Eric Schultz told reporters at a briefing. Obama urged Britain to remain in the EU when he visited London in April and warned that a trade agreement between the two countries would not happen anytime soon if Britain left the bloc.
  • The Brexit Wake-Up Call

    06/24/2016 5:20:14 PM PDT · by Hojczyk · 8 replies
    Lifezette ^ | June 24,2016 | Laura Ingraham
    By voting to leave the European Union, the British people have retaken control of their destiny from an out-of-touch collection of elites who had presided over one disaster after another, and that were anxious to see Britain lose its status as an independent country — something the British have not only cherished, but have often fought to preserve. By doing so, they have not only regained their own freedom, but have sent an important message to elites and Establishment leaders everywhere — including the United States. Democracy is meaningless without independence. Middle-schoolers may get to vote for class president —...