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Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • McDonald's owner gets 9 years for running pot ring

    04/19/2015 4:07:37 PM PDT · by afraidfortherepublic · 2 replies
    Milwaukee Journal Sentinel ^ | 4-19-15 | Bruce Vielmetti
    A Whitefish Bay man was sentenced to nine years in federal prison Friday for running a large-scale marijuana distribution ring through his three North Shore McDonald's restaurants. Prosecutors say Edward G. Patterson, 40, recruited his employees and a fellow Little League dad into the conspiracy, carried a gun and, once in jail, tried to hire someone to murder informants who helped agents make the case against him. According to court records, he had started at the bottom of the McDonald's career ladder, worked his way up in the family business from laborer to manager and eventually took an ownership stake...
  • A Thief Among Thieves

    04/19/2015 2:24:19 PM PDT · by UnBubba · 1 replies
    The New York Times Company ^ | APRIL 18, 2015 | ROBERT D. McFADDEN
    A. Alfred Taubman, an art collector and shopping-mall tycoon who sold Renoirs and root beer with equal panache and turned a sleepy Sotheby’s auction house into a global power of art sales, but went to prison in a commission-fixing scandal involving its archrival Christie’s, died on Friday at his home in Bloomfield Hills, Mich. He was 91.
  • Shriveled grapes, shriveled liberty

    04/19/2015 1:59:34 PM PDT · by afraidfortherepublic · 4 replies
    The Washington Post ^ | 4-19-15 | George Will
    In oral arguments Wednesday, the Supreme Court will hear the government defend its kleptocratic behavior while administering an indefensible law. The Agricultural Marketing Agreement Act of 1937 is among the measures by which New Dealers tried and failed to regulate and mandate America back to prosperity. Seventy-eight years later, it is the government’s reason for stealing Marvin and Laura Horne’s raisins. New Dealers had bushels of theories, including this: In an economic depression, prices fall, so a recovery will occur when government compels prices to stabilize above where a free market would put them. So Franklin Delano Roosevelt’s “brains trust”...
  • Corporations That Sponsor Sharpton’s National Action Network Convention

    04/19/2015 11:19:41 AM PDT · by rktman · 10 replies
    nationalreview.com ^ | 4/17/2015 | Jillian Kay Melchior
    Despite questions of the Rev’s financial irregularities and allegations of shakedowns, they support him. Several big corporations sponsored the annual convention last week for National Action Network, Al Sharpton’s in-the-red nonprofit, according to a list obtained by National Review.
  • Gun control: Burdensome legislation won’t stop criminals from getting guns

    04/19/2015 10:29:35 AM PDT · by rktman · 17 replies
    registerguard.com ^ | 4/19/2015 | James Fritz
    I’m a Democrat, I’m socially liberal, and I’m a gun owner. And when I say a new law won’t stop criminals from getting guns, I hope readers will at least pause for a moment to consider. The bill’s unintended consequences will further polarize politics, while doing nothing to keep guns away from criminals.
  • Think Global Warming Is Bad? Wait Until You Meet Sustainability

    04/19/2015 9:28:05 AM PDT · by rktman · 28 replies
    breitbart.com ^ | 4/18/2015 | William Briggs
    The problem with global warming is that eventually it must meet reality. Either the globe is warming up at horrific rates as the models have promised, or it isn’t. And if it isn’t, then those still calling themselves “scientists,” and meaning it, must admit failure and move on.
  • Exchange Traded Funds, Pros & Cons --Investor Thread April 19, 2015

    04/19/2015 7:39:38 AM PDT · by expat_panama · 14 replies
    Weekly investment & finance thread ^ | 04/19/2015 | Freeper Investors
    [from IBD: Should ETFs Be In Your Investment Portfolio?]While ETFs have existed for several decades, their popularity and diversity have exploded in recent years. But many investors are just learning about them. Those looking for tips on how to invest in ETFs just need some basic information to get started. In basic terms, ETFs can be thought of as mutual funds that trade like stocks. But their portfolios can contain U.S. and foreign stocks, bonds, futures, physical commodities or currencies. And ETFs choose the securities for their portfolios with an investment objective in mind. These investment goals include growth...
  • Walker Shines in New Hampshire

    04/19/2015 6:01:28 AM PDT · by Cincinatus' Wife · 30 replies
    The Weekly Standard ^ | April 19, 2015 | Stephen F. Hayes
    "...Walker expanded the stump speech he had given in Iowa back in January, a coming out party of sorts, that propelled him to co-frontrunner status in national and early-state polling. The new content made clear that Walker is a hawk and that in a Walker presidency the United States would not only reengage with the world but would project its power without reservation. He called the war on radical Islam and “generational” war and scorched Barack Obama for his ambivalence on the threat. “We’re going to bring the fight to them and fight on their soil and not ours." Walker’s...
  • Obamacare repeal falls off Republicans' to-do list as law takes hold

    04/18/2015 6:08:12 PM PDT · by Enlightened1 · 45 replies
    LA Times ^ | 4/18/15 | Noam N. Levey
    fter five years and more than 50 votes in Congress, the Republican campaign to repeal the Affordable Care Act is essentially over. GOP congressional leaders, unable to roll back the law while President Obama remains in office and unwilling to again threaten a government shutdown to pressure him, are focused on other issues, including trade and tax reform. Less noted, senior Republican lawmakers have quietly incorporated many of the law's key protections into their own proposals, including guaranteeing coverage and providing government assistance to help consumers purchase insurance. And although the law remains very unpopular with GOP voters, more than...
  • After Putting the Aborted Baby in Formaldehyde She Said “My God, We’re Going to Hell”

    04/18/2015 3:14:46 PM PDT · by NYer · 22 replies
    Life News ^ | April 17, 2015 | SARAH TERZO
    (LiveActionNews) — A pamphlet produced by Last Days Ministries entitled, “Abortion Clinics: An Inside Look” contained the testimonies of two former abortion facility workers. One worker who tells her story is Sam Griggs.Griggs talks first about the job interview. Some time ago, Planned Parenthood director turned pro-life activist Abby Johnson wrote about how abortion facilities often tell prospective employees that they will not be assisting in abortions.Johnson said that since “no one grows up wanting to work in an abortion clinic” abortion facilities often promise new employees that they will not deal with the abortion procedure, or the bodies of aborted babies. Johnson describes a...
  • EU-US trade talks prompt German ire

    04/18/2015 12:30:33 PM PDT · by Olog-hai · 10 replies
    TheLocal.de ^ | 18 Apr 2015 13:35 GMT+02:00 | (AFP)
    Say four simple letters, TTIP, to many Europeans and you’re likely to be met with a blank stare. But in Germany, where resistance to the proposed US-EU free trade pact or Transatlantic Trade and Investment Partnership is fiercest, the response is likely to be a volley of angry words. In fact, in the whole of Europe, perhaps only in Austria and Luxembourg is the interest and opposition likely to be of a similar magnitude, as a new round of talks—the ninth since last year—kicks off in New York on Monday. According to a YouGov poll published at the end of...
  • Greeks brim with pride as country totters on the edge

    02/15/2015 5:32:22 AM PST · by C19fan · 39 replies
    Reuters ^ | February 15, 2015 | Deepa Babington and Karolina Tagaris
    For over a fortnight, Europe's single warning to Greece has been that the chaos and misery of national bankruptcy await it unless its new left-wing government changes its anti-austerity tune. The message of impending doom appears to have gone largely unnoticed on the streets of Athens, where a mood of hope and optimism bordering on euphoria reigns as Greeks see themselves finally shaking off foreign shackles to shape their own destiny.
  • Hillary’s hypocrisy on the death tax: I support this tax. I just don’t feel like paying it.

    04/18/2015 10:10:15 AM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 04/18/2015 | Jazz Shaw
    Earlier this week we took a look at the GOP efforts to repeal the death tax, including some of the political pitfalls involved as well as reasons why it’s still a hill worth fighting on. In a rare moment of taking a position on a policy issue, Hillary Clinton has chimed in on the so called estate tax several times over the years. She has referred to it as a “wealth tax”, which works out quite well for her this year if she’s trying to angle her way into a more Elizabeth Warren style position on the subject. So...
  • The Looming Minimum Wage Hike: Stuck on Stupid

    04/18/2015 9:53:04 AM PDT · by SeekAndFind · 25 replies
    American Thinker ^ | 04/18/2015 | William Sullivan
    We might be inclined to laugh off the national demonstrations calling for a $15/hr minimum wage for burger-flippers, as the suggestion should be received as utterly ridiculous in any intelligent economic debate. But the left isn’t laughing. They’re undoubtedly ecstatic at the media legs such demonstrations have maintained against all odds, and they can’t wait to roll out these downtrodden fast-food workers as a reason to increase the federal minimum wage, victims as they are of an evil system of economic organization that dares assign a value to labor performed in the context of supply and demand. That evil is,...
  • The Shakedown: Corporations That Sponsor Sharpton’s National Action Network Convention

    04/18/2015 6:17:47 AM PDT · by bestintxas · 7 replies
    nat review ^ | 4/17/15 | Jillian Kay Melchior
    Despite questions of the Rev’s financial irregularities and allegations of shakedowns, they support him. Several big corporations sponsored the annual convention last week for National Action Network, Al Sharpton’s in-the-red nonprofit, according to a list obtained by National Review. Sponsors included AT&T, Viacom, Walmart, Perennial Strategy Group, Combs Enterprises, Comcast Corporation, McDonald’s, Ronald Perelman, Earvin “Magic” Johnson, Forest City Ratner, Time Warner Cable, Barney’s, Coca-Cola, Essence Communications, Ford Division, Home Depot, Crystal McCrary and Raymond J. McGuire, the National Association of Insurance Commissioners, the NBA, Verizon, Colgate Palmolive, Macy’s, NASCAR, OraSure Technologies Inc., Best Buy, Greentrack Inc., the IM Foundation,...
  • GE's Intelligent LEDs Are A Gateway To City-changing Technology.

    04/18/2015 7:23:30 AM PDT · by BenLurkin · 30 replies
    thestreet.com ^ | "business wire"
    Cities on both U.S. coasts will soon begin piloting new GE technology designed to help them become more intelligent and efficient. San Diego, California, and Jacksonville, Florida, will both be trialing a new GE LED solution, which uses LED street lighting installations to connect, collect and analyze data being generated, harnessing the power of the Industrial Internet to help their city run better while providing new services and conveniences for residents and visitors. From high street lighting costs to traffic congestion, parking allotments and emergency response, cities across the world juggle a variety of challenges. GE is developing solutions that...
  • Solar power will soon be as cheap as coal (Wind power has already reached grid parity)

    04/18/2015 7:10:33 AM PDT · by ckilmer · 90 replies
    ensia.com ^ | 4.15.15 | Phil McKenna
    Look what’s cooking in the world of renewable energy The solar and wind innovations that got us where we are today — and those waiting in the wings — point to a hopeful future. Photo courtesy of 1366 Technologies Writer Phil McKenna@mckennapr Freelance writerShareTweet Facebook Share on Google+ Linkedin   April 6, 2015 — Inside a sprawling single-story office building in Bedford, Mass., in a secret room known as the Growth Hall, the future of solar power is cooking at more than 2,500 °F. Behind closed doors and downturned blinds, custom-built ovens with ambitious names like “Fearless” and “Intrepid”...
  • Citi Economist: Abolish Cash (People Should Have to Pay Banks to Use Money)

    04/18/2015 6:54:20 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | April 18, 2015 | Nick Sorrentino
    The central banks don’t like that cash makes it hard to cut rates to below zero. 0% is pretty much as far as they can go (though there are exceptions such as in Denmark.) Bloomberg reports;
  • Time for an American Taxpayers Revolt

    04/18/2015 6:46:08 AM PDT · by Kaslin · 29 replies
    Townhall.com ^ | April 18, 2015 | Jeff Crouere
    This was the horrible week in which millions of Americans paid their taxes to the ever increasing and intrusive federal government. This year, the tax burden has grown with Tax Freedom Day appearing on April 24, meaning that Americans will spend approximately one third of the year working for government before they can provide for their families. Taxes are certainly oppressive in this country. Compared to last year, tax revenue increased 4.3% to $1.478 trillion in the first 6˝ months of the 2015 fiscal year. Even worse, the insatiable federal government continues to spend money with reckless abandon. Through April...
  • New Economy Rules

    04/18/2015 6:40:59 AM PDT · by Kaslin
    Townhall.com ^ | April 18, 2015 | Charles Payne
    It was a dull day for the broad market, but there were individual winners. A resurgence of the initial public offering (IPO) market was relatively quiet, save for the high- profile debut of Box Inc. (BOX) and Shake Shack (SHAK). And until this week, with SHAK soaring, both IPOs were seen as a cautionary tale that buttresses the notion that 2014 was the top. Last year saw the most IPOs since the year of the crash, raising almost as much money.. The following blew away the consensus: Etsy Inc. (ETSY) +88%Virtu Financial, Inc. (VIRT) +17%Party City Holdingco Inc. (PRTY) +22%...
  • Obama to visit Florida Everglades on Earth Day — to talk about climate change

    04/18/2015 6:27:12 AM PDT · by SoFloFreeper · 48 replies
    Washington Post ^ | 4/18/15 | Chris Mooney
    The Washington Post Energy and Environment Obama to visit Florida Everglades on Earth Day — to talk about climate change Share on Facebook Share on Twitter Share on Google Plus Share via Email Share on WhatsappShare on Pinterest Share on LinkedIn Share on Tumblr Resize Text Print Article Comments 4 By Chris Mooney April 18 at 6:20 AM A bird flies over the sensitive ecological landscape of the Everglades National Park, home to many endangered and rare plants on March 16, 2015 in Miami, Florida. (Photo by Joe Raedle/Getty Images) Saturday morning, President Obama gave a speech on climate change...
  • Dear Farmers: U.S. is Now Importing Organic Corn to Satisfy Consumer Demand

    04/18/2015 5:14:36 AM PDT · by HomerBohn · 44 replies
    Daily Sheeple ^ | 4/17/2015 | Heather Callaghan
    There are three things driving a surge in organic imports: 1.U.S. farmers have been systematically pushed into growing mostly GMO crops; grown primarily for fuel, animal feed and cheap processed foods. Russia even used our food supply as an example for the EU to dump us and join them instead. 2.U.S. consumers are not only demanding fresh, organic produce as well as non-GMO convenience foods – but also want meat, dairy and eggs from animals that were fed non-GMO or organic feed. 3.Other countries primarily grow non-GE crops, and plenty of organic. They’ve got the goods and they reap the...
  • Republicans Are Enthusiastic About Scott Walker, Divided On Jeb Bush

    04/18/2015 1:51:00 AM PDT · by Cincinatus' Wife · 39 replies
    Huffington Post ^ | April 17, 2015 | Ariel Edwards-Levy
    Republicans are most enthusiastic about the prospects of nominating Wisconsin Gov. Scott Walker for president, a new HuffPost/YouGov poll finds, but they're open to rallying around a number of potential candidates--with the possible exception of former Florida Gov. Jeb Bush.Members of the party are generally optimistic that whoever emerges from the crowded field of prospects will succeed. Three-quarters of Republicans predict their party will win back the presidency next year, and most look favorably on several of the politicians fighting for the nomination.Walker generated the most excitement of the six candidates tested, with 45 percent saying they'd be enthusiastic to...
  • Winthrop Poll: S.C. Tea Party “can be a force” in 2016

    04/18/2015 12:40:16 AM PDT · by Cincinatus' Wife · 3 replies
    WRHI AM 1340 ^ | April 17, 2015 | Andrew Kiel
    With just two of a dozen or more presidential candidates having declared their intention to run for office, South Carolina’s tea partyers are already lining up behind Wisconsin Governor Scott Walker. In the latest Winthrop Poll released Wednesday, Walker and Texas Senator Tex Cruz were in a statistical tie among the 1,000 or so likekly GOP voters polled. But poll director Scott Huffmon says support between mainstream republicans and Tea Party backers may be split — at least for now “The Tea Party Likes Scott Walker to the tune of people who approve of the Tea Party picked Scott Walker...
  • PETA is Partnering with a Notorious Arizona Sheriff to Reduce Prison Meat Consumption (Joe Arpaio)

    04/17/2015 6:46:28 PM PDT · by nickcarraway · 41 replies
    SF Weekly ^ | Thu, Apr 16, 2015 | Peter Lawrence Kane
    In perhaps the oddest nonprofit synergy since the not-especially-health-conscious 7-Eleven baked pink ribbon-shaped donuts for Susan G. Komen Race for the Cure, People for the Ethical Treatment of Animals is buddying up with 82-year-old Arizona Sheriff Joe Arpaio to get the entire US prison system to serve meat-less meals to inmates. Yes, that would be the same Joe Arpaio who only yesterday lost a racial profiling case that determined that his office disproportionately targets Latinos for traffic stops, the same Joe Arpaio who’s staunch support for the anti-immigrant SB1070 led San Francisco’s city government to boycott of the entire state...
  • AFGE Activists in Texas Join the Nationwide Fight for 15 Movement

    04/17/2015 4:17:25 PM PDT · by mdittmar · 9 replies
    The American Federation of Government Employees (AFGE) ^ | April 17, 2015 | The American Federation of Government Employees (AFGE)
    Activists from AFGE Local 1920, AFGE Local 2109, and AFGE District 10 rallied in solidarity at Fort Hood Army Base Wednesday in support of a $15/hour minimum wage and a union for all workers. They joined labor activists all across the country who protested on April 15 to demand higher wages for low-wage workers, including those employed by the federal government.“We’re standing up for our colleagues,” said Cheryl Eliano, AFGE District 10 National Vice President. “These dedicated workers support our troops every day, but can’t afford to support their own families.”AFGE stands in solidarity with the Fight for 15 campaign....
  • Five Points on the Iran Deal

    04/17/2015 3:21:25 PM PDT · by afraidfortherepublic · 6 replies
    The Weekly Standard ^ | 4-17-15 | William Kristol
    I've received several inquiries asking me to spell out some implications of this week's editorial. Here goes: 1) No deal is better than a bad Iran deal. And a bad Iran deal is not just a foreign policy setback. It's a foreign policy disaster. 2) The administration is heading toward a bad deal (see Kissinger-Schultz, and now even James Baker). 3) The Corker bill only helps, if it does, after a deal has been signed—and then 67 votes in the Senate and 290 in the House are needed to overturn a deal. That's unlikely. And a lot of damage in...
  • The Party of Ideas: Applied Conservatism 101

    04/17/2015 3:03:04 PM PDT · by afraidfortherepublic · 9 replies
    The Weekly Standard ^ | 4-27-15 | Fred Barnes
    Middleburg, Va. Republicans have few built-in advantages in politics. But they do have one that’s already a factor in the 2016 presidential campaign. That advantage is ideas, especially ones affecting middle-income Americans. GOP presidential candidates were among the first to notice. Florida senator Marco Rubio, who announced for president last week, met several times with a group of conservative intellectuals last year. Now his agenda, notably on taxes, echoes their ideas. So does his new book, American Dreams: Restoring Economic Opportunity for Everyone. When Jeb Bush, the former Florida governor, came to Washington in February, he made a point of...
  • Cities And States Paying Massive Secret Fees to Wall Street: Report

    04/17/2015 1:38:19 PM PDT · by redreno · 6 replies
    http://www.ibtimes.com ^ | 04/17/2015 | By David Sirota
    CaliforniaÂ’s report said $440 million. New JerseyÂ’s said $600 million. In Pennsylvania, the tally is $700 million. Those figures are public worker pension fees being paid annually by taxpayers to Wall Street firms, and they have kicked off an intensifying debate over whether such expenses are necessary. Now, a report from an industry-friendly source says those huge levies represent only a fraction of the true amounts being raked in by Wall Street firms from state and local governments. In all, CEM Benchmarking concludes that AmericaÂ’s public pension funds are paying billions of dollars in undisclosed fees to private equity firms....
  • Cities Push Back on Governor's Water Cutbacks

    04/17/2015 1:08:14 PM PDT · by nickcarraway · 18 replies
    One water district manager says the plan fails to account for water-saving measures already in effect in some California communitiesCalifornia cities are pushing back against Gov. Jerry Brown's order for mandatory water use reductions, but it's not likely that regulators will retreat with the state in its fourth year of drought. The State Water Resources Control Board's proposal to meet Brown's order has some cities slashing water use by more than a third, and it will be updated in the coming days. Dozens of affected agencies say the expected reduction targets are overreaching, unrealistic and unfair. Calif. Sets Water Use...
  • IBM Warns Louisiana Over 'Religious Freedom' Bill [LGBT Mafia Hijacks American Corporations]

    04/17/2015 12:19:00 PM PDT · by Steelfish · 63 replies
    CNN ^ | April 17, 2015 | Charles Riley
    IBM Warns Louisiana Over 'Religious Freedom' Bill By Charles Riley IBM has sent a letter to the governor of Louisiana warning that a pending religious freedom bill would create a hostile environment for the tech company's employees. "A bill that legally protects discrimination based on same-sex marriage status will create a hostile environment for our current and prospective employees, and is antithetical to our company's values," IBM vice president James Driesse wrote in a letter to Gov. Bobby Jindal. "IBM will find it much harder to attract talent to Louisiana if this bill is passed and enacted into law," Driesse...
  • Smartphone Debate Ends With Stabbings

    04/17/2015 11:43:02 AM PDT · by mykroar · 62 replies
    The Smoking Gun ^ | 4/17/2015 | Smoking Gun
    A drunken argument over whether Android or Apple smartphones were superior turned violent early today when two Oklahoma roommates began assaulting each other during the bloody telecommunications debate. According to Tulsa police, Jiaro Mendez and Elias Acevedo were outside their apartment around 1 AM when their phone quarrel moved to the stabbing stage. As they tussled in a parking lot, Acevedo allegedly struck Mendez in the back of the head with a beer bottle. When cops subsequently apprehended Acevedo, he was “covered in blood” and “also had several lacerations on his body from the fight.” Both men were treated for...
  • Oregon gold miners in BLM dispute call on armed supporters to stand down

    04/17/2015 10:23:14 AM PDT · by redreno · 13 replies
    http://www.oregonlive.com ^ | April 16, 2015 at 8:01 PM | AP
    GRANTS PASS -- A man who owns a gold-mining claim on federal land in southwestern Oregon asked for help defending it after U.S. authorities ordered him to stop work, but he is now telling his armed supporters to back off. Rick Barclay said Thursday that he hoped to prevent his fight with federal regulators from turning into the kind of high-profile standoff at a Nevada ranch last year. He initially called in a local chapter of constitutional activists known as the Oath Keepers because he thought the U.S. Bureau of Land Management would seize the equipment on his mining claim...
  • Democrats’ civil war over free trade

    04/17/2015 10:41:30 AM PDT · by Theoria · 22 replies
    Politico ^ | 16 April 2015 | Adam Behsudi
    The open in-fighting ramped up after a breakthrough on the historic bill was announced. The most important trade bill in a decade has pitted Harry Reid against President Barack Obama. Liberal Democrat Rosa DeLauro against moderate Democrat Ron Kind. Labor unions against pro-business Democrats. And Elizabeth Warren against virtually everyone who supports a landmark piece of legislation that would allow the president to close what could be the biggest free-trade deal in history. The open warring among Democrats over fast-track trade legislation, and the party’s broader existential crisis on free trade, grew more pronounced Thursday as senior lawmakers announced a...
  • Machinists union withdraws petition for election at Boeing

    04/17/2015 10:23:12 AM PDT · by jazusamo · 12 replies
    The Post and Courier ^ | April 17, 2015 | David Wren
    <p>The International Association of Machinists on Friday withdrew its petition for a vote next week on whether Boeing Co. workers want union representation, saying too much misinformation and outside political interference has created a “toxic” and potentially violent atmosphere that can’t be overcome in just a few days.</p>
  • House quietly passes tax exemption for megadonors

    04/17/2015 10:12:21 AM PDT · by Theoria · 15 replies
    Politico ^ | 16 April 2015 | Kenneth P. Vogel and Hillary Flynn
    Major contributors like the Koch brothers and Tom Steyer would get a break on gift taxes to secretive non-profit groups. The House on Wednesday with little fanfare passed legislation that would protect major donors like the Koch brothers and Tom Steyer from having to pay gift taxes on huge donations to secret money political groups. The legislation, which now heads to the Senate, is seen by fundraising operatives as removing one of the few remaining potential obstacles to unfettered big-money spending by nonprofit groups registered under a section of the Tax Code — 501(c) — that allows them to shield...
  • NY Fed's "Plunge Protection Team" Starts Chicago Trading Floor "In Case Of Disaster..."

    04/17/2015 10:00:37 AM PDT · by Enlightened1 · 15 replies
    Zero Hedge ^ | 4/15/15 | Tyler Durden
    What kind of natural disaster would be bad enough to completely shut down the operations of the New York Federal Reserve Bank? It would have to be something very unusual, and apparently the New York Fed is very concerned that such an event could happen. According to Reuters, the New York Fed has been transferring personnel to Chicago and building up its satellite office there just in case a “natural disaster” makes it impossible for normal operations to continue in New York…
  • Wal-Mart suddenly closed 5 stores and laid off thousands of workers and no one knows why

    04/17/2015 8:51:24 AM PDT · by cotton1706 · 99 replies
    finance.yahoo.com ^ | 4/17/15 | Hayley Peterson
    The closures could last up to six months and affect roughly 2,200 workers in Texas, California, Oklahoma, and Florida, CNN Money reports. Wal-Mart employees say they were completely blindsided by the news, having been notified only a couple hours before the stores closed at 7 p.m. Monday. "Everybody just panicked and started crying," Venanzi Luna, a manager at a store in Pico Rivera, California, told CNN Money. All workers will receive paid leave for two months. After that, full-time workers could become eligible for severance, according to CNN Money. But part-time workers will be on their own. Local officials and...
  • Stocks Are Trading Deep in the Red Amid Global Jitters

    04/17/2015 9:13:28 AM PDT · by John W · 11 replies
    the street.com ^ | April 17, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- U.S. stocks cratered on Friday, caught up in a global selloff triggered by changes in Chinese market regulation. A series of poor earnings from the likes of American Express and Advanced Micro Devices also hurt stocks and prompted worries over first-quarter performance for companies in the S&P 500. Wall Street grew nervous on reports Chinese regulators will crack down on over-the-counter margin trading and regulations that allow fund managers to lend shares for short-selling. Global markets sold off on the reports on the view tighter regulation would limit the recent influx of money into China's Shanghai...
  • Walker Support Solid, Establishment Favorite Bush Struggles in N.H.

    04/17/2015 8:56:11 AM PDT · by Cincinatus' Wife · 21 replies
    Breitbart Big Government ^ | April 17, 2015 | Mike Flynn
    As the Republican presidential candidates gather this weekend in New Hampshire, they’re all chasing a midwestern governor. The latest survey of New Hampshire Republicans, by liberal-leaning Public Policy Polling, finds Wisconsin’s Scott Walker with a strong lead at 24 percent, followed by a rising Texas Sen. Ted Cruz. Establishment favorite Jeb Bush is currently mired in fourth place, with 10 percent support, a drop from the last PPP poll of the first-in-the-nation primary state. Other polls show the race remains tight. The RealClearPolitics average has Walker at 19 percent, followed by Bush at 15 percent and Sen. Rand Paul at...
  • Jeb Bush: Legal Status for Illegals ‘Rational, Thoughtful’

    04/17/2015 8:55:26 AM PDT · by Enlightened1 · 27 replies
    Breitbart ^ | 4/17/15
    On Friday in New Hampshire, former Florida Governor Jeb Bush said giving illegal immigrants a pathway to “earned legal status” is a “rational, thoughtful” way to deal with illegal immigrants in the country. Speaking at the Politics and Eggs breakfast, Bush, who said last year that illegal immigration is an “act of love,” proposed giving illegal immigrants provisional work permits after they pay taxes and fines and granting them legal status that they can “earn over an extended period of time.” Bush said that illegal immigrants should not earn citizenship, which will again bring up his waffling on the citizenship...
  • The Common Core Resistance Now Has a Song!

    04/17/2015 8:29:11 AM PDT · by afraidfortherepublic · 4 replies
    PJ Media ^ | 4-17-15 | Paula Bolyard
    A bunch of moms in a garage band in Massachusetts have recorded a new version of the Beatles song “Revolution” to give voice to their opposition to Common Core. Dressed in jeans, anti-Common Core t-shirts, and tri-cornered hats, The Revolution Band sings that “politicians fear no retribution” and that “control and money’s is what it’s about.” They belt out, “Well, we have to tell the Feds, it’s not alright…” The third verse gets to the heart of the problem: You’d have to change the Constitution Well you know, you just spit on it instead Teachers have no say in education...
  • PERS reform bill author touts alternative to pensions (Nevada)

    04/17/2015 8:18:25 AM PDT · by redreno · 1 replies
    http://www.reviewjournal.com ^ | April 15, 2015 - 1:41pm | By SEAN WHALEY
    CARSON CITY — A state lawmaker pushing for major changes to the state public employee retirement plan told a committee Wednesday that long-term workers would do better under his proposal than with the current defined-benefit pension plan. Assemblyman Randy Kirner, R-Reno, testified in support of his Assembly Bill 190 in front of the Ways and Means Committee. The bill would establish a new hybrid retirement plan for public employees hired as of July 1, 2016. The bill is fiercely opposed by public employee groups who argue the existing Public Employees Retirement System plan is well-managed and does not need to...
  • VIDEO: Young workers not convinced by $15/hour minimum wage campaign

    04/17/2015 8:13:57 AM PDT · by Kyle Olson · 8 replies
    The American Mirror ^ | 4/17/15 | Olaf Ekberg
    Not all younger workers are swayed by the sweet temptation of a $15 an hour minimum wage being pushed by several unions across the country. Media Trackers hit the streets of Milwaukee this week to gauge reaction from college-aged residents on a protest demanding a dramatic hike in the minimum wage. “I get minimum wage kind of sucks and everything, but at the same time, I saw a sign trying to raise the minimum wage to $15 an hour. You try doing something like that, and gas is going to be $10 a gallon, so it doesn’t really fix a...
  • Scientists find key to 'turbo-charging' immune system to kill all cancers

    04/17/2015 8:11:03 AM PDT · by Red Badger · 41 replies
    www.telegraph.co.uk ^ | 7:00PM BST 16 Apr 2015 | By Sarah Knapton, Science Editor
    A protein which ‘turbo-charges’ the immune system so that it can fight off any cancer or virus has been discovered by scientists. In a breakthrough described as a ‘game-changer’ for cancer treatment, researchers at Imperial College found a previously unknown molecule which boosts the body’s ability to fight off chronic illnesses. Scientists at Imperial College London, who led the study, are now developing a gene therapy based on the protein and hope to begin human trials in three years. “This is exciting because we have found a completely different way to use the immune system to fight cancer,” said Professor...
  • Follow Sweden: Kill the Inheritance Tax Now

    04/17/2015 7:43:15 AM PDT · by SeekAndFind · 9 replies
    National Review ^ | 04/17/2015 | The Editors
    Class warriors on the left argue that the United States should be more like Sweden, and we agree: Senate Republicans should move forward with a plan to repeal the inheritance tax, which the House passed Thursday. Sweden had an inheritance tax for 110 years, and though the rate was sometimes quite high, the tax never became an important source of revenue. In the United States, the hated death tax produces only a fraction of a percentage point of federal revenue, though it imposes very heavy costs on a small number of families and businesses. In Sweden, the tax provoked various...
  • Bill Clinton Housing Policy Wrecked Economy, Not the 1%

    04/17/2015 7:29:05 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 04/17/2015
    With typical gall, Hillary Clinton in her campaign launch lit into "those at the top" for "stacking" the deck against middle-class families when in fact they are buried under the house of cards built by her husband. Earth to Hillary: It wasn't the richest 1% or Wall Street bankers who crashed the economy and created financial wreckage from which working Americans "have fought" to dig themselves out of. No, that path to destruction was set by Bill Clinton and his social housing policies. The evidence is overwhelming that Clinton was the architect of the financial disaster that wiped out trillions...
  • The Rise of Rubio

    04/17/2015 7:18:17 AM PDT · by afraidfortherepublic · 3 replies
    The Weekly Standard ^ | 4-17-15 | Stephen F. Hayes
    Miami Five days before he would take the biggest step of his young political career, Marco Rubio called Bernie Navarro, a Miami real estate investor, to ask for a favor. Rubio wanted to have a small, low-key gathering to thank friends and family before his official announcement the next day, and he needed someone to host it. Navarro, like Rubio the son of Cuban exiles, asked permission from his wife. Although she had denied his repeated requests to host a Super Bowl party, there was no hesitation in approving this one. At dusk on a steamy Sunday evening, Rubio, wearing...
  • The Real Student Loan Crisis Is The One Obama Created

    04/17/2015 5:28:23 AM PDT · by afraidfortherepublic · 20 replies
    Investor's Business Daily ^ | 4-16-15 | Editorial
    rresponsibility: A new report finds that 27.3% of student loans are delinquent. Why does this matter? Because thanks to President Obama, about $1 trillion dollars of student loan debt is owed to the federal government. Obama keeps trying to portray the student loan crisis as a problem suffered by students burdened by a mountain of debt when they graduate, and who are unable to make enough money to pay it back. But that's not the real crisis. First, average student loan debt is only a little over $20,000. A student who gave up his $5-a-day Starbucks habit could pay off...
  • Contractor pleads guilty to supplying defective parts for NC bridges

    04/17/2015 5:11:27 AM PDT · by Tolerance Sucks Rocks · 7 replies
    WRAL.com ^ | April 16, 2015 | Cullen Browder
    Raleigh, N.C. — A highway contractor pleaded guilty Thursday in a scheme to supply defective components to bridges in North Carolina, authorities said. Joel De La Torre, 33, of Chicago, pleaded guilty to federal charges of making false statements concerning highway projects and aggravated identity theft. He will be sentenced in July, when he faces up to seven years in prison and $500,000 in fines. Defects were found in October 2011 in elastomeric bridge bearings – slabs of rubber reinforced with multiple layers of steel and placed underneath bridges to absorb shock – that had been shipped to 25 highway...