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Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Opinion: Here’s How to Break the Impasse on Climate

    06/20/2018 1:17:22 PM PDT · by Oldeconomybuyer · 56 replies
    New York Times ^ | June 20, 2018 | By Trent Lott and John Breaux
    As former leaders of our parties in the United States Senate, we know what it takes to achieve a bipartisan breakthrough in Congress. For all the talk of discord in Washington, we see the possibility of finding common ground on a divisive issue. As surprising as it may sound, climate change offers an opportunity for both parties to come together and deliver a victory - and cash dividends - to the American people. Congress should approve legislation to place a meaningful fee on carbon-dioxide emissions that ripples through all sectors of our economy, and return the revenues it generates to...
  • The Trump administration told Apple it would not place tariffs on iPhones assembled in China

    06/20/2018 1:01:14 PM PDT · by Swordmaker · 10 replies
    MacDailyNews ^ | June 19, 2018
    Apple’s chief executive, Timothy D. Cook, may be the leader of the world’s most valuable public company, but lately he has had to act a lot like the tech industry’s top diplomat,” Jack Nicas and Paul Mozur report for The New York Times. “Last month he visited the Oval Office to warn President Trump that tough talk on China could threaten Apple’s position in the country. In March, at a major summit meeting in Beijing, he called for “calmer heads” to prevail between the world’s two most powerful countries.” “In a trade and technology showdown between the United States and...
  • United telling US immigration officials not to fly children separated ...

    06/20/2018 11:54:31 AM PDT · by JME_FAN · 61 replies
    Business Insider ^ | 6-20-2018 | Benjamin Zhang
    United Airlines CEO Oscar Munoz said in a statement on Wednesday that the airline has told the United States government not to fly children separated from their families by immigration officials on its planes.
  • Starbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over

    06/20/2018 6:52:10 AM PDT · by Zakeet · 77 replies
    Market Insider ^ | June 19, 2018 | Akin Oyedele
    Complete Headline: Starbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over 100 stores next year (SBUX) Starbucks shares fell by as much as 5% in after-hours trading Tuesday after the company announced a third-quarter sales forecast that was weaker than analysts had expected. Global same-store sales, at locations open for at least one year, were projected to rise 1%, weaker than the forecast for 2.9% growth according to Bloomberg. Starbucks also announced a number of strategic changes. Notably, as from 2019, it plans to shift its focus for new stores away from areas where it already...
  • Disability Applications Plunge as the Economy Strengthens

    06/20/2018 6:38:58 AM PDT · by reaganaut1 · 14 replies
    New York Times ^ | June 19, 2018 | Nelson D. Schwartz
    The number of Americans seeking Social Security disability benefits is plunging, a startling reversal of a decades-old trend that threatened the program’s solvency. It is the latest evidence of a stronger economy pulling people back into the job market or preventing workers from being sidelined in the first place. The drop is so significant that the agency has revised its estimates of how long the program will continue to be financially secure. This month, the government announced that the program would not run out of money until 2032, four years later than its previous estimate last year. Two years ago,...
  • DC voters approve $15 min wage hike, end of tipping exception...

    06/19/2018 7:40:53 PM PDT · by caww · 37 replies
    washingtonexaminer ^ | 6/19/2018 | Sean Higgins
    D.C. voters backed Initiative 77 Tuesday, raising the city's minimum wage to $15 an hour by 2025, up from the current level of $12.50, and phasing out the $3.33 an hour minimum wage for tipped workers. With just under 90 percent of the precincts reporting in at press time, the margin was 55-44 percent. The effort had been 'championed by organized labor and liberal groups'... but opposed by the restaurant industry as well as city government leaders. D.C. previously allowed tipped workers to be paid $3.33 an hour but required employers to make up the difference if that plus tips...
  • General Electric gets booted from the Dow

    06/19/2018 3:50:31 PM PDT · by Magnatron · 52 replies
    CNN Fake News ^ | 19 June 2018 | Matt Egan
    For the first time in 110 years, General Electric will not be a member of the elite Dow Jones Industrial Average. S&P Dow Jones Indices announced on Tuesday that the iconic maker of light bulbs and jet engines will be replaced in the 30-stock index by Walgreens Boots Alliance. GE (GE) was an original member of the Dow in 1896 and has been in it continuously since November 7, 1907. Being ousted from the Dow is the latest indignity for GE, which is dealing with a serious cash crisis caused by years of bad deals. GE has replaced its CEO,...
  • GE booted from the Dow, to be replaced by Walgreens

    06/19/2018 3:24:17 PM PDT · by NohSpinZone · 51 replies
    CNBC ^ | 6/19/18 | By Angelica LaVito
    * Industrial giant General Electric is out of the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance. * GE was one of the original components of the Dow Jones industrial average of 30 stocks in 1896.
  • Senators Ernst and King Seek to Withdraw Tax-Exempt Status from Professional Sports Leagues

    06/19/2018 3:18:22 PM PDT · by iowamark · 57 replies
    PRO Sports Act would give $100 million back to taxpayers WASHINGTON – Today, U.S. Senators Joni Ernst (R-IA) and Angus King (I-ME) introduced bipartisan legislation, the Properly Reducing Overexemptions for Sports (PRO Sports) Act, to strip multi-million dollar professional sports leagues of their tax-exempt status, saving roughly $100 million in taxpayer dollars over 10 years. “Professional sports leagues – which are raking in millions of dollars from television rights and membership dues – shouldn’t also be scoring a hole-in-one with their taxes,” said Senator Ernst. “The PRO Sports Act amends the tax code to revoke this unnecessary exemption, saving approximately...
  • Starbucks to close 150 locations in 2019

    06/19/2018 2:53:05 PM PDT · by Red Badger · 57 replies
    UPI ^ | 06/19/2018 | By Daniel Uria
    June 19 (UPI) -- Starbucks announced Tuesday it plans to close 150 underperforming stores in the 2019 fiscal year. The company will triple its traditional annual average of closing about 50 stores as part of a streamlining effort including rapidly optimizing its U.S. store portfolio. "While certain demand headwinds are transitory, and some of our cost increases are appropriate investments for the future, our recent performance does not reflect the potential of our exceptional brand and is not acceptable," Starbucks President and CEO Kevin Johnson said. In July 2017, Starbucks closed all 379 Teavana locations after the tea shop showed...
  • Bill would require American flags to be made in the USA

    06/19/2018 1:47:40 PM PDT · by bgill · 32 replies
    kxan ^ | June 19, 2018 | wfla
    everal lawmakers are hoping to change the way the U.S. government buys American flags. Under current law, any American flag purchased by the government must be at least 50 percent made in the USA. Ohio Senator Sherrod Brown and Maine Senator Susan Collins introduced the All-American Flag Act to change that. “American tax dollars should go to American-made products that support American jobs, especially when the product is a symbol of our nation,” Brown said. “By purchasing all-American flags, we honor our country while also supporting American manufacturers.” The legislation would require flags purchased by the government to be 100...
  • MoPac toll lanes meeting traffic estimates, exceeding revenue hopes

    06/19/2018 11:09:49 AM PDT · by Tolerance Sucks Rocks · 3 replies
    The Austin American-Statesman ^ | June 6, 2018 | Ben Wear
    Use of the MoPac toll lanes has been steadily growing in the seven months since the lanes opened throughout their entire 11-mile lengths, but it is falling slightly short of a first-year estimate made before construction began. Revenue from the added lanes on each side of North MoPac Boulevard, due to variable toll rates that on average have been higher than expected, has at least met expectations this spring and could exceed them when the agency begins in earnest to pursue unpaid tolls. “I wouldn’t be surprised to see the numbers bump up a bit” as collections efforts step up,...
  • Rosenstein to be Fired Friday??/

    06/19/2018 11:09:22 AM PDT · by DouglasKC · 112 replies
    Congressional Hearings ^ | 6/19/18 | Self
    Okay, so I'm watching the congressional hearings this morning. They are questioning IG Horowitz. At 12:35 PM EDT, maybe 2 hours in, Rep Jordan is questioning Horowitz. At that point Shirley Jackson Lee interrupts with "Parliamentary procedure" question. It's not of course...it's an attempt to make a political point. BUT she says, and I quote "and as well to fire Deputy Attorney General Rosenstein which they’re planning to do on Friday” They certainly seemed, in the investigation that makes the case that Rosenstein should be fired. Somebody else want to confirm?
  • $1.6 billion LBJ East project gets official blessing from TxDOT

    06/19/2018 10:41:47 AM PDT · by Tolerance Sucks Rocks · 17 replies
    The Dallas Morning News ^ | May 24, 2018 | Ray Leszcynski
    AUSTIN — After months spent hashing out how to pay the $1.6 billion tab, North Texas' most pressing freeway need at long last gained the blessing of the Texas Transportation Commission at its Thursday meeting. The Texas Department of Transportation now has its governing body's approval to seek bids on 10.8 miles of Interstate 635 between Central Expressway and Interstate 30 — known as LBJ East to planners. A contract will be awarded in the summer of 2019, and construction is to finish in 2024. The result will be another free lane in each direction, continuous frontage roads that the...
  • David Muir Hails Parkland's Hogg for Handling Haters, Asks How He'll 'Bridge Divide' on Guns

    06/19/2018 8:57:53 AM PDT · by rktman · 26 replies
    newsbusters.org ^ | 6/19/2018 | Kristine Marsh
    On Tuesday's Good Morning America, fill-in anchor David Muir held a sympathetic sit-down with Parkland activist David Hogg and his sister Lauren to promote their anti-gun activism movement called #NeverAgain. Muir pretended that Hogg had never been nasty to people who disagreed with him politically, and actually asked him what lessons he could share about how to deal with critics, with fellow young people. The short interview started with Muir getting straight to the point, asking Hogg how he’d respond to his critics “who believe” that he’s infringing on their Second Amendment rights. Muir even asked how he'd be the...
  • Dow falls 325 points as trade war fears escalate

    06/19/2018 6:48:08 AM PDT · by Red Badger · 55 replies
    money.cnn.com ^ | 06/19/2018 | by Nathaniel Meyersohn
    Stocks are off to another rocky start on Wall Street. Trade war fears drove the Dow down 325 points at the open on Tuesday. That put it in negative territory for the year and on track for its sixth straight decline. The Dow opened down 325 points on Tuesday, turning negative for the year and on track for its sixth straight day of losses. President Donald Trump threatened Monday evening to impose tariffs on an additional $200 billion worth of Chinese goods if Beijing follows throw with its promise to retaliate against a previous round of US tariffs. "Further action...
  • Tariffs Start to Ripple Their Way Through the U.S. Economy -- Effects are like a tax increase

    06/19/2018 5:20:46 AM PDT · by reaganaut1 · 161 replies
    Wall Street Journal ^ | June 19, 2018 | Josh Zumbrun
    In recent weeks, several major rounds of tariffs have moved from proposals to realities, and major new tariffs have been threatened—shifting the stakes for President Donald Trump’s trade actions on the U.S. economy. Tariffs raise the price of imported goods, increasing costs to consumers, and making domestic producers (who don’t face the tariff) more competitive. Examples of how new tariffs might ripple through the economy have already been provided by earlier, smaller rounds of tariffs. These earlier examples also show why broad effects from tariffs, on the otherwise booming U.S. economy, might be hard to detect. One of the first...
  • ER doctor caught on video cursing out patient is suspended

    06/19/2018 2:12:37 AM PDT · by servo1969 · 76 replies
    Fox News ^ | 6-18-2018 | Nicole Darrah
    An emergency room doctor at a Northern California hospital has been suspended after she was caught on video allegedly ridiculing a patient after he collapsed from an apparent anxiety attack. Samuel Bardwell, a 20-year-old student at West Valley College in Saratoga, made a trip to the El Camino Hospital Los Gatos after passing out during a basketball practice on June 11, The Mercury News reported. Beth Keegstra, the ER doctor who attended to Bardwell — who reportedly was unable to speak and was numb at the time — seemingly didn't take the man's health claims seriously when she was caught...
  • The average person stops seeking out new music when they hit 30 (trunc.)

    06/18/2018 11:58:45 PM PDT · by canuck_conservative · 143 replies
    The Province. com ^ | June 18, 2018 | Sadaf Ahsan
    In case you needed another reason to feel far older than you actually are, a new survey by music streaming platform Deezer, via NME, suggests that by the time you hit 30, you reach something called “musical paralysis.” That means 30-year-olds have hit the threshold when they no longer seek out new music, or are open to listening to something new and beyond their established taste.... Survey participants gave various reasons for just why they’ve checked out of the music scene, mostly citing having children and too demanding a job to keep up with what’s new. A considerable 65 per...
  • President Trump Drops $200 Billion M.O.A.T on Red Dragon (Beijing)…

    06/18/2018 10:17:23 PM PDT · by bitt · 17 replies
    CONSERVATIVE TREEHOUSE ^ | 6/19/2018 | SUNDANCE
    When you plant your tree in another man’s orchard, you might end up paying for your own apples; it’s a risk you take… ….and President Trump knows how to use that leverage better than anyone could possibly fathom; because in this metaphor Beijing relies upon the U.S. for both the seeds and the harvest. President Trump drops the $200b M.O.A.T (Mother of All Tariffs):