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Business/Economy (News/Activism)

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  • Michelle Obama Is More Than A Mascot

    01/28/2015 9:55:28 PM PST · by 2ndDivisionVet · 15 replies
    The Daily Beast ^ | January 28, 2015 | Tim Teeman
    She was just criticized in Saudi Arabia for not wearing a headscarf, but even at home she’s not allowed to say what she wants. First ladies should be more than decorative.It must be very strange to be Michelle Obama. You are intelligent, capable, you have opinions and charisma, and yet you are fundamentally mute—your public utterances are scripted and tightly controlled. You are allowed to talk about broccoli and children’s exercise, and safe, non-inflammatory topics. The only time the public sees the Michelle Obama fire, thrillingly, is when she is on the campaign stump for her husband. Even when scripted...
  • American Small Business Is Literally Dying

    01/28/2015 9:34:29 PM PST · by george76 · 28 replies
    Breitbart News Network ^ | 28 Jan 2015 | Mike Flynn
    When small and medium-sized businesses are dying faster than theyre being born, so is free enterprise, writes Jim Clifton, Chairman and CEO of Gallup. And when free enterprise dies, America dies with it. For six years, the number of small businesses closing has exceeded the number of businesses starting. The number of business deaths exceeded births in 2008 for the first time in US history and has gotten worse in the ensuing years. Since 2010, the rate of small business closures has increased. In the 1980s, the number of new businesses exceeded those closing by more than 100,000 every year....
  • Kinder Morgan says Freedom Pipeline project is gaining refiner interest

    01/28/2015 7:05:42 PM PST · by shove_it · 13 replies
    Reuters ^ | 28 Jan 2015 | KRISTEN HAYS
    (Reuters) - Kinder Morgan Inc's (KMI.N) proposed Freedom Pipeline, which would move West Texas crude oil to Southern California, is "getting more interest" from U.S. West Coast refiners, the head of the company's natural gas pipeline unit told analysts on Wednesday. Unit President Tom Martin said the company "may have a shot" at moving ahead with converting a natural gas pipeline to move crude and condensate to California "if we can get the refiners on board." The pipeline and logistics company first proposed the $2 billion project in 2012 but shelved it in May 2013 for lack of shipper interest....
  • Thanks a lot, austerity! We could have had 2014's economic recovery in 2011 (What austerity?)

    01/28/2015 6:13:04 PM PST · by 2ndDivisionVet · 12 replies
    The Week ^ | January 28, 2015 | Ryan Cooper
    ast year boasted the strongest job numbers since 1999, and as a result, many commentators have concluded that left-wing critics of austerity were wrong all along. The basic case advanced by Jeff Sachs, Scott Sumner, and others is that the surge in growth and jobs proves that austerity is not the poison its detractors claimed it would be. These commentators make some good points. But they are wrong about austerity. A close examination of the counterfactuals shows that austerity almost certainly held back the recovery and without it, we might have had 2014's strong numbers in 2011....
  • Teacher Pensions Going To Kill Us All

    01/28/2015 5:49:29 PM PST · by Tolerance Sucks Rocks · 19 replies
    The Daily Caller ^ | January 27, 2015 | Blake Neff
    Teacher pensions are a huge and growing crisis waiting to explode without major reforms, warns a new report released Tuesday by an educational think tank.“Do the math on teacher pensions and it just doesn’t add up,” argues the National Council on Teacher Quality in its report, Doing the Math on Teacher Pensions. Total unfunded teacher pension liabilities in 2014 were a whopping $499 billion dollars, the group found. That amount is surging rapidly; in 2012, the total was just $394 billion, meaning that pension debt is growing by over $50 billion a year.Some states are in a particularly huge hole....
  • Maybe Freedom Should Come with a Government Warning

    01/28/2015 4:17:56 PM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 28, 2015 | Michael Schaus
    The Center for Disease Control and Prevention (CDC) is thinking about banning smoking… Everywhere. Well, at least everywhere someone might be working, so I guess that’s not as many places as you might think. (Hat tip to Obamanomics.) The CDC’s National Institute for Occupational Safety and Health (NIOSH) has suggested banning all tobacco consumption at every work place in the nation… Because, ya know, the nanny-state can never be too big, right?The ban would apply to not only office buildings, restaurants, and retail stores, but it would also apply to any outdoor location (such as construction sites, landscaping work, and even...
  • McDonald's CEO Don Thompson steps aside, stock jumps

    01/28/2015 4:13:39 PM PST · by SkyPilot · 39 replies
    CNBC ^ | 28 Jan 15 | Katie Littel
    Amid a tumultuous past year for McDonald's, the world's biggest restaurant chain's CEO Don Thompson is retiring after two years on the job, effective March 1. The fast food is also getting a new CFO. The restaurant's Senior Executive Vice President and Chief Brand Officer Steve Easterbrook will replace Thompson, who is a 25-year veteran of the company, the company announced on Wednesday. Previously, Easterbrook served as president of McDonald's Europe and led the chain's "efforts to elevate its marketing, advance menu innovation, and create an infrastructure for its digital initiatives," it said in a release. The company's CFO Pete...
  • Our Best Option: GIVE MONEY AWAY

    01/28/2015 3:13:16 PM PST · by Kaslin · 3 replies
    Townhall.com ^ | January 28, 2015 | John Ransom
    Well with Super Bowl Sunday upon us, it's time to revisit Super Bowl market theory. First proposed in 1978 by sports writer Leonard Koppett of the New York Times, the theory says that if the Super Bowl is won by one of the original AFL teams the market would close down for the year, but if the Super Bowl was won by one of the old original NFL teams, then the stock market would finish up for the year. The AFL and NLF merged in 1966. This year presents a dilemma. Seattle was not an original AFL or NFL team......
  • Dear Skeptics, Here's How Apple Will Continue To Demolish Expectations

    01/28/2015 2:42:33 PM PST · by Star Traveler · 213 replies
    Business Insider ^ | Wednesday, January 28, 2015 | Jay Yarrow
    Apple delivered the greatest earnings report in history on Tuesday. That's not hyperbole. Apple earned $18 billion in net income over the three-month period of October to December 2014. That's more than any other company has ever earned over a three-month span. Apple earned those mind-melting profits thanks mostly to the iPhone, which is an incredible business. Apple sold 74.5 million iPhones, up 46% from the year prior. The iPhone generated $51 billion in revenue, giving each iPhone an average selling price of $687.
  • Stock Markets Spooked by Federal Reserve's Tight-Lipped Statement

    01/28/2015 2:30:16 PM PST · by John W · 12 replies
    thestreet.com ^ | January 28, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Stock markets didn't react well to a tight-lipped statement from the Federal Reserve that gave no clear signal as to when it would begin to hike interest rates. January's meeting announcement came with no accompanying press conference, leaving investors to comb the wording for clues as to when a rate hike could occur. "From the equity market perspective, this might be the least helpful the Fed has been," said Brean Capital's Peter Tchir. "They didn't even find a way to work 'considerable' language into this." The S&P 500 closed 1.2% lower, and the Nasdaq dropped 0.73%....
  • Sony's 'Music Unlimited' Service Shutting Down After Failing to Emerge as Viable iTunes Alternative

    01/28/2015 2:24:06 PM PST · by Star Traveler · 12 replies
    MacRumors ^ | Wednesday, January 28, 2015 | Joe Rossignol
    Sony announced on Wednesday that it will be shutting down its Music Unlimited on-demand streaming music service ahead of launching Spotify on PlayStation Music. Music Unlimited will shut down in all 19 countries it operated on March 29, 2015, with nearly all of the countries among the 41 regions that Spotify for PlayStation Music will be available upon launch, including the United States, Canada, Mexico and Brazil. Music Unlimited launched in December 2010 on PlayStation Network in several countries worldwide, and the service was later extended to iPhone [Direct Link], Android, PlayStation Vita and other devices and platforms. In February...
  • Rand Paul and Ted Cruz Join Forces Against the Fed

    01/28/2015 1:33:17 PM PST · by Theoria · 10 replies
    The New York Times ^ | 28 Jan 2015 | Alan Rappeport
    Senators Rand Paul and Ted Cruz might end up running against each other for the Republican presidential nomination, but they can agree on one thing: their distrust of the Federal Reserve. On Wednesday, the two Republican senators introduced the Federal Reserve Transparency Act which Mr. Paul has been pushing for some time.Republicans have questioned the Feds moves to stimulate the economy since the financial crisis, arguing that the expansion of its balance sheet will create economic instability. In 2011, Gov. Rick Perry called the Feds monetary policies potentially treasonous and said that Ben S. Bernanke, the Fed chairman at the...
  • Tesla Model S P85D 'Insane' Mode: NSFW Video Shows How Insane It Really Is

    01/28/2015 12:57:48 PM PST · by LogicDesigner · 164 replies
    Green Car Reports ^ | January 28, 2015 | John Voelcker
    Many Tesla fans and electric-car drivers now know about the Model S P85D, Tesla's all-wheel-drive electric car that's arguably the fastest four-door sedan on the market. What most of them likely don't know is just what the car's ultimate performance mode, called "Insane," actually feels like. Now there's a video out from Drag Times that shows how astoundingly, jaw-dropping, amazingly, startlingly, incredibly insane the Insane mode actually is. NOTE: Video is NSFW, has rude words (delivered in tones of shock, horror, awe, amazement, and joy). With 1.3 million views in three days, the reactions to Drag Times CEO Brooks Weisblat's...
  • California Declares Electronic Cigarettes a Health Threat

    01/28/2015 12:10:26 PM PST · by Oldeconomybuyer · 103 replies
    ABC News ^ | January 28, 2015 | By FENIT NIRAPPIL
    California health officials on Wednesday declared electronic cigarettes a health threat that should be strictly regulated like tobacco products, joining other states and health advocates across the U.S. in pushing back against the fast-growing device. The California Department of Public Health report says e-cigarettes emit cancer-causing chemicals and get users hooked on nicotine, although there is still more research to be done on the immediate and long-term health effects. "Without action, it is likely that California's more than two decades of progress to prevent and reduce traditional tobacco use will erode as e-cigarettes re-normalize smoking behavior," the report says.
  • The Mac market just gets bigger and bigger

    01/28/2015 10:52:49 AM PST · by Star Traveler · 136 replies
    Apple Daily Report ^ | Wednesday, January 28, 2015 | Dennis Sellers
    Forget the post-PC era. The Mac just continues to get bigger. For its fiscal 2015 first quarter that ended Dec. 27, 2014, Apple sold 5.5 million Macs. Thats up 9% year-over-year and up 14% from the previous quarter and brought in revenue of US$6.9 billion. Apple has gained market share verses Windows PCs in all quarters since 2005 but one. The Mac has surpassed overall PC growth for 34 of the last 35 quarters.The Macs unit share of the worldwide PC market has grown from 2.1% in 2005 to 5.5% in 2013. Apples U.S. market share is somewhere between 10%...
  • Wisconsin treasurer fulfills campaign pledge by laying off staff

    01/28/2015 10:14:32 AM PST · by afraidfortherepublic · 12 replies
    Wisconsin Reporter ^ | 1-28-15 | Adam Tobias
    MADISON, Wis. Newly elected state Treasurer Matt Adamczyk ran on a campaign pledge of cutting 80 percent from a $545,000 annual budget. A few weeks into his first and supposed only term, he has, through lay-offs, already gotten rid of his two-member staff. Adamczyk also declined to fill an empty deputy treasurer position that was paying close to $107,000 a year in salary and benefits. Im a big believer that in government its not our job just to give people jobs, Adamczyk told Wisconsin Reporter. The state has transferred most of the treasurers duties to other government agencies over...
  • Why Our Electronic Gizmos Inevitably Die

    01/28/2015 9:11:12 AM PST · by dennisw · 50 replies
    12/23/2014 | Robert X Cringely
    Almost ever electronic device made today except some for the military have solder joints that contain no lead. This is an effort to save our groundwater and our public health. The fact that the lead has been generally replaced with silver or bismuth, both of which are actually greater health risks than lead, well well leave that one for Ralph Nader. The longer-term trend is toward all-tin connections, anyway, but they dont work very well, either. Costs have gone up for computers with lead-free solder, mean time between failures (MTBF) has gone down (in this case down is bad) and...
  • Ten times more than first estimated will lose employer-based health insurance under Obamacare

    01/28/2015 8:19:30 AM PST · by Reverend Saltine · 27 replies
    AmericanThinker.com ^ | January 28, 2015 | Rick Moran
    The latest data on Obamacare analyzed by the Congressional Budget Office shows that 10 million Americans are likely to lose their employer-based insurance by 2021 as companies dump their workers onto the Obamacare exchanges. That's 10 times the number originally projected by the CBO. About 1 of every 16 workers will be affected.
  • Union leaders say theyre braced for war on public employees

    01/28/2015 7:36:19 AM PST · by redreno · 19 replies
    http://www.reviewjournal.com ^ | 01/27/2015 | By LAURA MYERS
    The head of the Nevada AFL-CIO proclaimed Tuesday that working families are under attack by Republican lawmakers who want to weaken collective bargaining laws and pensions now that they control the Legislature.Danny Thompson, executive-secretary treasurer of the organization, told supporters at the Teamsters Local 14 union hall that the designated GOP Assembly speaker, John Hambrick, R-Las Vegas, had sent a letter to local governments soliciting ideas for changes in public employee collective bargaining the workers right to negotiate pay and benefits.Thompson, a former assemblyman, said hes been watching the Legislature for some 35 years and he had never seen...
  • Al Gore, Felipe Calderon Want to Spend $90 Trillion to Eliminate Cars

    01/28/2015 6:55:32 AM PST · by rktman · 55 replies
    newsbusters.org ^ | 1/27/2015 | Tom Blumer
    The $US90 trillion cities proposal came from former vice president Al Gore and former president of Mexico Felipe Calderon, and their colleagues on the The Global Commission on the Economy and Climate. That group hopes to persuade the worlds leaders to do something about humanitys suicidal effort to heat the Earths climate. Part of fighting climate change will mean redesigning, or building anew, towns and cities without cars, Calderon says.
  • 10 times more Americans than estimated will lose employer-based health insurance under Obamacare

    01/28/2015 6:29:56 AM PST · by SeekAndFind · 13 replies
    American Thinker ^ | 01/28/2015 | Rick Moran
    The latest data on Obamacare analyzed by the Congressional Budget Office shows that 10 million Americans are likely to lose their employer-based insurance by 2021 as companies dump their workers onto the Obamacare exchanges. That's 10 times the number originally projected by the CBO. About 1 of every 16 workers will be affected. The latest CBO report has not garnered a lot of attention, even though it contains the modestly good news that Obamacare is not costing as much as the CBO thought it would in 2010. That said, another reason the left and the administration may not be touting...
  • Obama's Tax Reform Flip-flop

    01/28/2015 4:15:16 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 27, 2015 | Daniel Doherty
    First, the basics of the president’s new tax proposal: Obama presented his 529 tax plan during his last State of the Union address. The plan consists of raising $1 billion over 10 years by taxing capital gains realized in withdrawals from 529 savings accounts. According to surveys cited by the White House, 70 percent of 529 account assets are held by families earning over $200,000 per year. But what exactly are 529 savings accounts -- and who usually invests in them? Glenn Reynolds explains: Though millions of Americans have been putting money into "tax free" 529 plans to save for...
  • No housecalls? Mississippi probes 88-year-old doc who works out of car

    01/28/2015 5:10:10 AM PST · by Timber Rattler · 21 replies
    Fox News ^ | January 28, 2015 | Kyle Rothenberg
    For more than a half century, residents of a tiny western Mississippi community have counted on Dr. Carrol Landrums house calls for their health care. The sight of Landrums dented, black, 2007 Toyota Camry pulling up has brought relief to countless shut-ins in Edwards, a town of about 1,000 about 28 miles west of Jackson. But the state medical board is probing the country doctor, an 88-year-old World War II veteran, because, he says, they dont like him working out of his car. I didnt know there was any law against it, Landrum, who grew up in Taylorsville, but has...
  • CBO Now Says 10 Mil Will Lose Employer Health Plans Under ObamaCare

    01/28/2015 4:22:28 AM PST · by IBD editorial writer · 39 replies
    Investor's Business Daily ^ | 01/27/2015 | IBD Staff
    Health Reform: The Congressional Budget Office now says ObamaCare will push 10 million off employer-based coverage, a tenfold increase from its initial projection. The "keep your plan" lie just gets bigger and bigger.
  • Germany - no debt haircut for Greece but bailout extension an option

    01/28/2015 3:55:38 AM PST · by Berlin_Freeper · 16 replies
    reuters.com ^ | January 28, 2015 | Reuters
    The German government stuck to its view on Monday that a third haircut, or debt restructuring, for Greece was out of the question but opened the door to a possible extension of Greece's current bailout programme.
  • Ex-Michigan Supreme Court Justice Diane Hathaway Sentenced To Prison For Real Estate Fraud(2013)

    01/27/2015 9:57:29 PM PST · by dennisw · 12 replies
    aol.com ^ | May 29th 2013 | By Ed White
    Declaring herself "broken" and "disgraced," former Michigan Supreme Court Justice Diane Hathaway tearfully took responsibility for fraud Tuesday before a judge sentenced her to a year and a day in prison for concealing assets while she was pleading with a bank for a sale on her underwater home. But U.S. District Judge John Corbett O'Meara rejected community service and instead chose prison. Crying and reading from a statement, Hathaway, 59, blamed her crime on "personal issues" but added: "That is no excuse." The 2011 sale of Hathaway's Grosse Pointe Park home, near Detroit, erased the balance of her mortgage, $664,000....
  • The Deficits Republicans Don't Want to Talk About

    01/27/2015 6:18:02 PM PST · by presidio9 · 24 replies
    Truth Out ^ | Tuesday, 27 January 2015
    I agree with Republicans - the United States has a deficit problem. It's just not the same deficit problem Republicans are freaking out about. Shortly after sweeping the November midterms, Speaker of the House John Boehner and Senate Majority Leader Mitch McConnell wrote an op-ed in The Wall Street Journal, outlining their plans for the upcoming Congress. In that op-ed, they wrote that Republicans would work to address, "a national debt that has Americans stealing from their children and grandchildren, robbing them of benefits that they will never see and leaving them with burdens that will be nearly impossible to...
  • So does this huge blizzard disprove climate change?

    01/27/2015 3:12:20 PM PST · by Oldeconomybuyer · 29 replies
    Christian Science Monitor ^ | January 27, 2015 | by Jessica Mendoza
    As the first major snowstorm of 2015 bears down on the Northeast, many pundits have taken the opportunity to mock the idea that humans are changing the climate. After all, it's very difficult to think "global warming" when your car is buried in snow. Still, all this doesn't necessarily mean that this particular blizzard was caused by, or made more intense by, human activity. Spotting the fingerprints of climate change in the middle of a blizzard is no easy task. But here's one thing we do know: As the climate continues to change, we can expect more weather like this.
  • Obama to Drop Proposal to End 529 College Savings Plans

    01/27/2015 3:10:11 PM PST · by reaganaut1 · 21 replies
    New York Times ^ | January 27, 2015 | JONATHAN WEISMAN
    WASHINGTON President Obama, facing angry reprisals from parents and from lawmakers of both parties, will drop his proposal to effectively end popular college savings accounts known as 529s, but will keep an expanded tuition tax credit at the center of his college access plan, the White House said Tuesday. The decision came just hours after House Speaker John A. Boehner of Ohio demanded the proposal be withdrawn from the presidents budget, due out Monday, for the sake of middle-class families. But the call for the White House to relent also came from top Democrats, including Representatives Nancy Pelosi of...
  • Apple announces Q1 2015 results: 74.5 million iPhones, 21.4 million iPads, 5.5 million Macs sold

    01/27/2015 1:57:48 PM PST · by Enlightened1 · 60 replies
    iMore ^ | 01/27/15 | Rene Ritchie,
    Apple has announced their Q1 2015 earnings and the numbers include Apple announces Q1 2015 results: 74.5 million iPhones, 21.4 million iPads, 5.5 million Macs sold, $74.6 billion in revenue earned! Apple's CEO, Tim Cook: "We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple's CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal." Highest-ever revenue & earnings drive 48% increase in EPS Growth led by record revenue from...
  • Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance

    01/27/2015 1:09:35 PM PST · by SeekAndFind · 32 replies
    Daily Mail ^ | 01/27/2015 | By DAVID MARTOSKO, US POLITICAL EDITOR
    * Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years * Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare * The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured a $50,000 price tag per person at best * The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance * Numbers assume Obamacare insurance exchange enrollment will double between now and 2025 It...
  • A US green-energy blueprint, meant to help Liberia, fails

    01/27/2015 1:02:53 PM PST · by Olog-hai · 11 replies
    Associated Press ^ | Jan 27, 2015 3:44 PM EST | Ronnie Greene and Jonathan Paye-Layleh
    On paper, the pitch was simple: A green energy company backed by $217 million in U.S. government loans would convert one of Africas poorest countries into the worlds first biomass-driven economy. But the plan to help Liberia collapsed amid questionable business decisions and oversight. The company, Buchanan Renewables, dismissed 600 workers and left the country amid complaints of workplace injuries, environmental harm and, at times, sexual abuse. Backing the company at every stage was the Overseas Private Investment Corporation, a federal agency with a global mandate but low profile. The agency approves more than $3 billion a year in financing,...
  • The age of financial privacy is over (FATCA)

    01/27/2015 12:43:47 PM PST · by Olog-hai · 40 replies
    TheLocal.de ^ | 27 Jan 2015 12:30 GMT+01:00
    I had been living in Switzerland for ten years, and then out of the blue I got a letter from my bank, saying that since I am an American citizen I had to file some extra paperwork, Jonathan Weiss tells The Local. Two weeks later, my bank account was frozen. Weiss was born in the US, but has lived abroad since age ten, in both Asia and Europe. I was just living in Switzerland, working there, minding my own business, Weiss recalls. And then I was caught up this net. I had no idea what to do. That was his...
  • Switzerland and Syriza

    01/27/2015 11:45:59 AM PST · by JSDude1 · 5 replies
    Restate ^ | January 27 2015 | Repair_Man_Jack
    credit the worlds various political leftists for being brilliant at one thing. They have managed to assemble a coalition of interest groups whose vested interests should probably cause them to chase each other around in the street armed with shotguns. Nowhere is that awesome class divide among the left on greater display than in Europe where the Parlor Pinks infest Davos and the Street Marxians have taken electoral power in Greece. If you were to ask both Jeffrey Greene and newly-minted Greek Prime Minister Alexis Tsipras whether they felt society should be unfettered by larger government or directed for its...
  • Oregon bank now says it won't work with Colorado marijuana businesses

    01/27/2015 11:41:26 AM PST · by george76 · 8 replies
    MBank, an Oregon bank that last week said it would allow Colorado marijuana businesses to open accounts, now says it won't. The Denver Post reports the bank is saying it doesn't have the infrastructure to handle the volume of customers in the pot industry. But the newspaper cites unnamed sources as saying federal banking regulators told MBank the move was too risky. Because marijuana remains illegal under federal law, companies in the industry haven't been able to find a bank to handle their business. MBank doesn't have a Colorado location. Instead, MBank intended to have marijuana businesses deposit their cash...
  • Dow hit by Microsoft, Caterpillar; data disappoint

    01/27/2015 11:20:09 AM PST · by Mad Dawgg · 23 replies
    CNBC.com ^ | 1/27/2015 | Kate Gibson
    U.S. stocks dropped sharply on Tuesday, with the Dow positioned for its worst hit since October, as corporations reported earnings that disappointed and orders for U.S. business equipment unexpectedly declined in December. "If you live in the northeast, and you work from home, you're trying to figure out why the market is down 400 points," Art Hogan, market strategist at Wunderlich Securities, referring to the snowstorm that halted transit in and around New York City overnight before ending earlier Tuesday. It's a combination of an increase in volatility when you have a decrease in volume, and a transition period between...
  • Foxconn Layoffs: Apple Supplier to Downsize Workforce [Desire to replace workers with robots]

    01/27/2015 10:49:09 AM PST · by SeekAndFind · 53 replies
    InvestorPlace ^ | 01/27/2015 | By William White,
    Foxconn, a supplier for Apple (NASDAQ:AAPL), has announced that its cutting its workforce. The exact number of employees that will be affected by the Foxconn layoffs hasnt been announced. The company also hasnt said when the layoffs will go into effect. The job cuts come as the company faces higher wages in China and less revenue growth, reports Reuters. The Foxconn layoffs are also likely affected by the companys desire to replace workers with robots. The use of robotic arms in some parts of the companys work will allow the company to replace workers that were performing simple tasks, Reuters...
  • Fannie, Freddie 3%-down mortgages can be safe, FHFA director says

    01/27/2015 10:15:40 AM PST · by Oldeconomybuyer · 15 replies
    Market Watch ^ | January 27, 2015 | By Steve Goldstein
    WASHINGTON Mortgages with low down payments can be just as safe if other underwriting conditions are met, a federal housing regulator said Tuesday. Mel Watt, the director of the Federal Housing Finance Agency, was testifying in front of the House Financial Services Committee, after Fannie Mae FNMA, +0.47% and Freddie Mac FMCC, +0.47% both started making mortgages available to those who make down payments of just 3%. That has raised the ire of Republicans, who say the move risks a repeat of the housing bubble. All things being equal, is a 3% down loan riskier to the taxpayer than...
  • Scott Walker forms committee in preparation for 2016 presidential bid

    01/27/2015 10:09:00 AM PST · by SeekAndFind · 26 replies
    Washington Post ^ | 01/27/2015 | By Dan Balz
    Wisconsin Gov. Scott Walker, whose speech to activists in Iowa last weekend drew strong reviews, has taken the first formal step toward a presidential candidacy in 2016, establishing a committee that will help spread his message and underwrite his activities as he seeks to build his political and fundraising networks in the months ahead. Walker filed papers to set up the committee, called "Our American Revival," and a new Web site for the organization was scheduled to go live later Tuesday. The steps come after a busy weekend of pre-presidential events that included his address at the Iowa Freedom Summit,...
  • Obama Visits Saudi King After Curbing Oil Expansion

    01/27/2015 9:59:25 AM PST · by raptor22 · 21 replies
    Investor's Business Dailt ^ | January 27, 2015 | IBD EDITORIALS
    Energy: While taking credit for increased oil and gas production on private and state lands, the president moves to put 12 million acres of the oil-rich Arctic National Wildlife Refuge off limits. OPEC and the Saudis are smiling. Whoever's in charge of presidential optics these days fits the classic definition of the blind leading the blind. It's bad enough that President Obama doesn't have time to get to Paris for a global protest against terrorism after the Charlie Hebdo attack but can meet and greet the San Antonio Spurs. But then he privately slams an invitation by Congress to Israeli...
  • The Totalitarianism of Same-Sex Marriage (what has happened in Canada since 2005)

    01/27/2015 9:54:09 AM PST · by NYer · 21 replies
    Crisis Magazine ^ | January 27, 2015 | JOE BISSONNETTE
    In November of 1996 First Things hosted a symposium titled “The Judicial Usurpation of Politics” in which contributors discussed the threat to American democracy posed by the Supreme Court instated imposition of abortion on America. Nothing rivals the sheer volume of innocent human beings killed by abortion and yet First Things saw fit to focus not on the babies themselves or the mothers and fathers, but on the threat to democracy and the American experiment posed by the judicial over-reach that legalized abortion.The legalization of same-sex “marriage” does not bring with it the innocent blood which cries to heaven,...
  • McConnell asks Dems to cooperate on Keystone

    01/27/2015 9:06:29 AM PST · by ConservingFreedom · 24 replies
    The Hill ^ | 01/27/15 | Alexander Bolton
    Senate Majority Leader Mitch McConnell (R-Ky.) on Tuesday called on Democrats to let a bill approving the Keystone XL pipeline move forward after they blocked it from reaching a final vote. McConnell urged Senate Democrats to reconsider their opposition to moving forward, promising to allow more amendments, the chamber already having voted on two dozen. Our Democratic friends have had more amendments considered on this bill than Republicans more amendments than all of last year combined, he said on the Senate floor. And just a few days ago, we offered our friends the opportunity to have even more of...
  • India Rejects Climate Deal With Obama

    01/27/2015 8:32:48 AM PST · by rktman · 35 replies
    dailycaller.com ^ | 1/27/2015 | Michael Bastasch
    India has rejected pleas from the Obama administration to enter into an agreement to put a future limit on its greenhouse gas emissions in order to fight global warming. President Barack Obama went abroad hoping to strike a climate deal with India the worlds third-largest greenhouse-gas emitter in order to build support for an international global warming treaty ahead of a United Nations summit later this year. But India had other ideas. Obama wanted India to announce it would peak its greenhouse gas emissions by a certain year, mirroring a pledge China made last year to peak its...
  • Foreign Firm Funding U.S. Green Groups Tied to State-Owned Russian Oil Company

    01/27/2015 7:59:35 AM PST · by george76 · 28 replies
    Washington Free Beacon ^ | January 27, 2015 | Lachlan Markay
    Executives at a Bermudan firm funneling money to U.S. environmentalists run investment funds with Russian tycoons. A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putins inner circle. One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president...
  • Mardi Gras crime wave last thing New Orleans needs: James Varney

    01/27/2015 7:48:42 AM PST · by rktman · 22 replies
    nola.com ^ | 1/27/2015 | James Varney
    For a city dependent, more or less, on tourism, the last thing New Orleans needs as Carnival kicks into gear are Drudge Reports headlines about Big Easy crime. But that's what Monday brought. "Police shortage is security risk for Mardi Gras," the hugely popular website aggregator said. Of course, the NOLA.com homepage was depressing enough. "Teen fatally shot Monday morning in Algiers," read one headline about the unfortunate and untimely demise of an unidentified Landry-Walker student.
  • Greece's radical new leader declares war on country's all-inclusive resorts visited

    01/27/2015 7:33:58 AM PST · by C19fan · 56 replies
    UK Daily Mail ^ | January 27, 2015 | Hannah Roberts and Jenny Stanton
    Greece's new radical Prime Minister has declared war on the country's all-inclusive holiday resorts and vowed to limit them. All-you-can-eat breakfast buffets and unlimited cocktails and ouzo by the pool could become a thing of the past in Greece despite the all-inclusive travel industry, that brings in 1.5billion for the country. Alexis Tsipras, leader of the triumphant anti-bailout party Syriza, believes such deals 'alienate tourists from the local economy' by keeping them behind resort gates and away from local businesses and attractions. He has warned that contracts with large resort chains will be reviewed and deals to sell public land...
  • 'American Idol' Winner Files Bold Legal Claim to Escape 'Oppressive' Contracts

    01/27/2015 7:33:27 AM PST · by rktman · 26 replies
    hollywoodreporter.com ^ | 1/26/2015 | Eriq Gardner
    On Jan. 22, Phillips lodged a bombshell petition with the California Labor Commissioner that asserts that Idol producer 19 Entertainment and its affiliated companies have "manipulated" him into accepting jobs since he hit it big. In a filing that reveals some of Phillips' post-show tribulations, including being forced to perform for free for one of Idol sponsors and not even knowing the title of his last album before it was announced publicly, the singer is seeking to void his various agreements with 19, said by the star's lawyer to be "oppressive, fatally conflicted."
  • World price of oil -- where is OPEC now?

    01/27/2015 7:04:25 AM PST · by rktman · 52 replies
    americanthinker.com ^ | 1/27/2015 | Fred Singer
    The world price of crude oil, which has been around 100 dollars a barrel for the past 6 years, has suddenly collapsed and is now tending below 50 dollars. Many are trying to understand this rapid decrease and have proposed various explanations. Of course, the ready explanation is simply in terms of supply and demand; but this just begs the question. The supply of oil has increased sharply in recent months mainly because of the prolific production of shale oil in the United States, thanks to the technologies of fracking and horizontal drilling. In fact, the US is now...
  • Bill de Blasio on Blizzard Bust: Better Safe Than Sorry

    01/27/2015 6:58:11 AM PST · by KeyLargo · 84 replies
    NY Observer ^ | 1-27-2014 | Jillian Jorgensen
    Bill de Blasio on Blizzard Bust: Better Safe Than Sorry By Jillian Jorgensen | 01/27/15 8:29am After a much-hyped blizzard-that-wasnt, Mayor Bill de Blasio said this morning that he was glad the city had prepared for a worse storm and that New York would be getting back to normal quickly. We thought we were going to get something much bigger, Mr. de Blasio told CNN New Day anchor Chris Cuomo (who happens to be the brother of Gov. Andrew Cuomo). Forecasts of two or even three feet of snow led Mr. de Blasio and Mr. Cuomo to essentially shut the...
  • Venezuela tops list (again) of most miserable countries: Cato Institute

    01/27/2015 6:54:57 AM PST · by Oldeconomybuyer · 7 replies
    CNBC ^ | January 26, 2015
    Last year ended an "annus horribilis" for many countries, according to a new economic ranking, with Venezuela once again topping the list as the most miserable place on Earth. Rounding out the top five are Argentinareeling from plunging foreign exchange reserves and a protracted standoff with bondholders; Ukraine, Syria and Iran. So which country is the least miserable on the planet? Tiny Brunei. Its oil-and-gas-powered economy is among the most fully employed and fastest growing in the world. And it also has low inflation and interest rates. Switzerland is right behind the oil rich sultanate, followed by China, Taiwan and...