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Business/Economy (News/Activism)

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  • Google Wins Java Copyright Case Against Oracle

    05/28/2016 2:44:05 PM PDT · by nickcarraway · 8 replies
    Wall Street Journal ^ | May 26, 2016 | JACK NICAS
    Federal jury finds Google’s use of Java software was “fair use” A federal jury found Google’s use of Oracle Corp.’s Java software in its mobile products didn’t violate copyright law, a verdict cheered by many in Silicon Valley who believe it will protect how they write and use software. Thursday’s decision, which Oracle said it would appeal, marked the latest chapter in a six-year legal battle in which Oracle sought as much as $9 billion from Google for using 11,000 lines of Java software code in its Android software. Oracle sued Google, a unit of Alphabet Inc., in 2010 for...
  • Trump: ‘There is no drought’: Accuses California officials of denying water to farmers

    05/28/2016 8:42:12 AM PDT · by Navy Patriot · 87 replies
    The San Mateo Daily Journal ^ | May 28, 2016 | AP
    Presumptive Republican presidential nominee Donald Trump told California voters Friday that he can solve their water crisis, declaring, “There is no drought.” Speaking at a rally in Fresno, Calif., Trump accused state officials of denying water to Central Valley farmers so they can send it out to sea “to protect a certain kind of three-inch fish.” “We’re going to solve your water problem. You have a water problem that is so insane. It is so ridiculous where they’re taking the water and shoving it out to sea,” Trump said to cheers at a rally that drew thousands.
  • WHO singles out Israel as world’s only ‘health rights violator’

    05/26/2016 3:25:20 PM PDT · by Lera · 30 replies
    Arutz Sheva ^ | 5/26/201 | Shoshana Miskin
    World Health Organization's UN resolution marks Israel as the world's only violator of 'mental, physical and environmental health.' The World Health Organization (WHO) called for an investigation into alleged abuses of "mental, physical and environmental health" rights by Israel, the only country singled out during the U.N. agency's annual assembly in Geneva. The motion was co-sponsored by the Arab Group of States and the Palestinian delegation, and it commissioned a WHO delegation to investigate and report on "the health conditions in the occupied Palestinian territory" and "the occupied Syrian Golan." France, Germany and the United Kingdom were among the 107...
  • The War on Cars (Saturbray)

    05/28/2016 6:28:16 AM PDT · by bray · 49 replies
    www.braylog.com ^ | 5/28/16 | bray
    Matthew 24:6 And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet. Why are the Democrats running away from Detroit? Aren’t these the results they have been striving for ever since their War on Cars began back in the sixties? For the past fifty years the Marxists have focused all of their energy on making sure Detroit would become a ghost town and now that they have succeeded they act like they are surprised that it looks like an abandoned...
  • Strong German business, consumer morale boost hopes for growth

    05/27/2016 10:43:12 PM PDT · by Berlin_Freeper · 18 replies
    reuters.com ^ | May 25, 2016 | Michael Nienaber
    German business morale improved more than expected in May, reaching its highest level so far this year and suggesting Europe's biggest economy will extend its surprisingly strong start to 2016 into the next quarters. The German economy expanded by 0.7 percent in the first three months of the year, its strongest quarterly growth rate in two years, driven mainly by soaring private consumption and higher construction investment.
  • Robots and Unintended Consequences

    05/27/2016 7:34:53 PM PDT · by huckfillary · 32 replies
    Artful Dilettante ^ | May 27, 2016 | Artful Dilettante
    A predictable consequence of the move to increase the minimum wage to $15 an hour will be the hastened transition from human to a more robotic work-force. A photo that went viral this week showed a robot "manning" the take-out window at McDonald's. You can expect to see more of this. Employers will, of course, be pilloried by the usual cast of economically-challenged Marxists in the political and chattering classes as heartless, sexist, homophobic racists, etc., who put profits before people. But the non-economically challenged among us realize that the increased use of robots is a completely rational response of...
  • Janet Yellen says Fed could raise rates in coming months

    05/27/2016 4:16:45 PM PDT · by Olog-hai · 33 replies
    Associated Press ^ | May 27, 2016 4:08 PM EDT
    Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving. While economic growth was relatively weak at the end of last year and beginning of this year, it appears to be picking up now based on recent data, Yellen said during a discussion at Harvard University. She said she expects the Fed to “gradually and cautiously increase” its key interest rate “and probably in the coming months, such a move would be appropriate.” …
  • Korean Air Plane Catches Fire at Tokyo Airport, Hundreds of Passengers Evacuated

    05/27/2016 3:44:57 PM PDT · by nickcarraway · 22 replies
    About 300 passengers and crew members have been evacuated from a Korean Air Boeing 777 at Tokyo's Haneda airport in dramatic scenes after one of the engines caught fire. TV footage from the airport showed the plane, which was bound for South Korea's Gimpo International, surrounded by red fire trucks and with the area around its left wing doused in foam. The plane's inflatable emergency evacuation slides had all been deployed. "The flight had a fire on Engine No.1," a Korean Air spokesman said.
  • Meet Your New Co-worker: The Robot

    05/27/2016 3:39:02 PM PDT · by nickcarraway · 24 replies
    Voice of America ^ | May 27, 2016 | Tina Trinh
    At the RoboUniverse expo in New York City, robots of all shapes and sizes were being put to work. Companies showed off automated machines designed to perform tasks that many humans would consider less than desirable. “There are certain tasks in our society… that will stay on and not be attractive for humans to do. And we cannot get rid of them if we want to live our lives in the usual fashion,” said Preben Hjørnet, founder and CEO of robotics startup Blue Workforce. “Robots have no conscience, no self-awareness, so they’ll never be social,” Hjørnet added, “But they don’t...
  • Hard Times And False Narratives

    05/27/2016 9:10:29 AM PDT · by Lorianne · 2 replies
    Contra Corner ^ | 26 May 2016 | Jim Quinn
    The mainstream media mouthpieces for the establishment peddle false narratives, disingenuous storylines, and outright propaganda to keep the ignorant masses confused, oblivious to reality, misinformed, and passively submissive to the opinions of highly paid “experts” and captured fiscal authorities. The existing social order likes things just as they are. They reap ill-gotten riches, wield unchecked power, and control the minds of the masses. They are the invisible government consciously manipulating the minds, habits and opinions of the multitudes in order to dominate society, control the levers of government, and accumulate obscene levels of wealth through manipulation of the currency and...
  • Across the 'valley of death': How the wind industry will cope without tax credits

    05/27/2016 8:53:40 AM PDT · by Lorianne · 17 replies
    Utility Dive ^ | 25 May 2016 | Herman K. Trabish
    y all conventional measures, 2016 is a good time to be a wind developer. Wind provided a record 4.7% of U.S. electricity last year and accounted for 41% of all generation capacity additions — well outpacing solar and natural gas, which each accounted for about 28%. That growth is expected to continue after the five-year extension of vital federal tax credits at the end of 2015. But as they phase out in the coming years, the extensions now appear to lead to unforeseen trouble. “The PTC has helped wind get to its current position, but a day of reckoning is...
  • Payments Plunge on Largest U.S. Grid, Threatening Closures

    05/27/2016 8:48:04 AM PDT · by Lorianne · 34 replies
    Source material cannot be posted to FR | 25 May 2016
    see link next post
  • McDonald’s Closes Headquarters Again As Workers Protest Wages At Annual Meeting

    05/27/2016 8:02:34 AM PDT · by Lorianne · 35 replies
    McDonald's Corp. temporarily closed its headquarters for the third year in a row Wednesday as wage protests targeted the giant fast-food chain's annual meeting. McDonald's has encouraged headquarters employees to work from home this week, spokeswoman Lisa McComb said in an email. The company will host the annual shareholder meeting at its campus in Oak Brook, Illinois, on Thursday, with security personnel in attendance as usual, McComb said. Workers from McDonald's and other restaurant chains are pushing for $15 hourly wages and the right to form a union. Last week, the union-backed Fight for $15 campaign said this year's protest...
  • US Government Quietly Cuts Historical Capex Data By Billions Of Dollars

    05/27/2016 7:46:28 AM PDT · by Lorianne · 12 replies
    Zero Hedge ^ | 26 May 2016 | Tyler Durden
    ... the Department of Commerce decided to quietly revise all the core data going back all the way back to 2014. In doing so it stripped away about 4% from the nominal dollar amount in Durable Goods ex-transports, where the March print was slashed from $154.7 Billion to $148.3 Billion... ... and, worse, the government just confirmed what many had said for years, namely that capex spending had been far lower than reported all along when it revised the capital goods orders nondefense ex-aircraft series lower by a whopping 6%, taking down the March print from $66.9 billion to only...
  • Congratulations, Chelsea!(awesome book deal)

    05/27/2016 7:28:31 AM PDT · by rktman · 70 replies
    americanthinker.com ^ | 5/27/2016 | Thomas Lifson
    Penguin Random House, a Clinton Foundation donor, announced its book deal with Chelsea Clinton last week. The book is being published by Philomel, an imprint of Penguin Young Readers. (snip) Chelsea’s book, It’s Your World: Get Informed, Get Inspired & Get Going, is intended to educate young readers on themes such as climate change, gender equality, and non-communicable diseases. “In It’s Your World, I try to explain what I think are some of the biggest challenges facing our world today, particularly for young people,” said Clinton. “I also explore some of the solutions to those challenges and share stories of...
  • Phone Scam ‘Onslaught’ Has Authorities Scrambling

    05/27/2016 7:17:06 AM PDT · by KeyLargo · 127 replies
    WSJ video ^ | 5/27/2016
    Phone Scam ‘Onslaught’ Has Authorities Scrambling 5/27/2016 Telephone scammers posing as tech support, lottery reps or even government officials are inundating U.S. homes as cheap technology and the rapid rise in Internet access globally makes it easier to set up ..
  • They're Selling Us a Recovery That Never Was

    05/27/2016 5:07:05 AM PDT · by expat_panama · 31 replies
    Real Clear Markets ^ | May 27, 2016 | Jeffrey Snider
    The United States Constitution declares in Article I, Section 2 that "representation and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers." To accomplish this foundation for proportional government, Article 1 tasked federal authorities with "actual enumeration" within three years of the first meeting of Congress and then every ten years thereafter. The first Census was carried out in 1790 with Thomas Jefferson the nominal supervisor as Secretary of State. In fact, the first Census-takers were actually Federal Marshals deputized by each of the US Judicial Districts.That...
  • Tripwire Alert – Signals Intelligence Indicates Wall Street Dropping Hillary Clinton

    05/27/2016 4:18:03 AM PDT · by detective · 50 replies
    Conservative Treehouse ^ | May 26, 2016 | Sundance
    FIRST, if you have not followed the “Tripwire Series” this update might take a while to fully digest. There are key indications the real presidential decision-makers have shifted. I would strongly suggest you watch this video before continuing, and remind yourself that Andrea Mitchell is Alan Greenspan’s wife (this is one of the “keys” moving forward). The video is Mika Brezinski outlining the latest State Department report on the Hillary Clinton E-Mail Scandal: “it feels like Hillary Clinton is lying”
  • Key ObamaCare Subsidy Program Suffers Another Blow

    05/27/2016 3:42:39 AM PDT · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 5/26/2016 | John Merline
    The House Republicans’ legal challenge to a key ObamaCare subsidy got a boost today from an unlikely source: an IRS official who said agency officials had doubts about the legality of the subsidy payments.
  • When ‘Smart-Gun’ Laws Are Not So Smart

    05/27/2016 3:34:58 AM PDT · by richardb72 · 26 replies
    National Review ^ | May 26, 2016 | John R Lott Jr
    At a White House conference on Tuesday with representatives of state and local law enforcement from all 50 states, Vice President Joe Biden asserted that an “overwhelming majority” of Americans fully support so-called smart guns — firearms that can only be fired by a particular person. Biden claimed that this technology “could have gigantic payoff for us” in saving lives and reducing gun-related violence. Now, President Obama wants to use federal grants to encourage police departments to buy “smart guns” for officers. The idea is to prevent officers’ guns from being used against them. In reality, this technology is more...
  • This Is How Much Your Health Insurance Payment Is About To Jump By

    05/26/2016 5:40:49 PM PDT · by Zakeet · 26 replies
    ZeroHedge ^ | May 26, 2016
    <p>It's official: years of warnings that Obamacare will lead to dramatic increases in healthcare premiums are about to be validated.</p> <p>As the WSJ writes, big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.</p>
  • Huge breakthrough in blazing fast internet speeds

    05/26/2016 4:27:33 PM PDT · by Java4Jay · 91 replies
    That's the promise of G.Fast. It's a new technology that can deliver blazing fast internet over the wires (phone lines) you already have in your home. For many, it will be the first time they'll have more than one choice for broadband.
  • Activists Say Vietnam Restricted Access to Facebook During Obama Visit

    05/26/2016 3:21:25 PM PDT · by nickcarraway · 3 replies
    Fortune ^ | MAY 26, 2016
    The social network was blocked several times earlier this month The Vietnamese government restricted access to Facebook Inc inside Vietnam for several days this week as part of a broader crackdown on human rights and political dissidents during a visit by President Barack Obama, two activist organizations said on Thursday. Officials of Access Now, a digital rights organization, and Viet Tan, a Vietnamese pro-democracy group, said the social media site was restricted and at times blocked inside Vietnam from Sunday to Wednesday, citing reports from people inside the country on Twitter TWTR -0.76% and to Access Now’s digital security help...
  • Insurers Seek Big Premium Boosts

    05/26/2016 2:27:12 PM PDT · by reaganaut1 · 25 replies
    Wall Street Journal ^ | May 25, 2016 | LOUISE RADNOFSKY
    Big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states. The insurers’ proposed rates for individual coverage in states that have made their 2017 requests public largely bear out health plans’ grim predictions about their challenges under the health-care overhaul. According to the insurers’ filings with regulators, large plans in states including New York, Pennsylvania and Georgia are seeking to raise rates by 20% or more. In states such as Florida and Maryland, insurers are...
  • Alan Greenspan is a Free Traitor (vanity)

    05/26/2016 2:14:31 PM PDT · by central_va · 39 replies
    Faux Business News Neil Cavuto ^ | 5/26/16 | Neil Cavuto
    In case you didn't know it Alan Greenspan was spreading Free Trade lies today on Your GloBULList World with Neil Cavuto.
  • FDA regulations could kill the vaping industry

    05/26/2016 1:18:21 PM PDT · by Oldeconomybuyer · 69 replies
    WVLT - CBS Local ^ | May 25, 2016 | By Lauren Davis
    Knoxville vape companies are fuming mad after the FDA passed new regulations this month. They say this new law will put an end to the vaping industry. They are shocked at how far reaching the regulations are, and now they're afraid the new restrictions will destroy the industry. Hunter Allison with Tri State Vape Company will have to submit an application for each new product. He says that would come with a hefty price tag. Allison says, "The absolutely lowest price I've seen is $300,000 per product and that's $4.5 million for me and there's no possible way. He's already...
  • Solar Energy's Real Problem

    05/26/2016 9:32:19 AM PDT · by detective · 22 replies
    American Thinker ^ | May 26, 2016 | Ryan Yonk and Devin Stein
    Ivanpah, the world's largest solar power plant located in California's Mojave Desert, caught fire last Thursday, causing damage to one of the plant's three towers. This latest engineering setback is the least of the plant's woes. Prohibitive economic realities are the true problem. Earlier this year, the California Public Utilities Commission (CPUC) decided to postpone its continued support of the struggling facility, which was touted as the future of solar power when it opened in 2014. But after receiving $1.6 billion in loan guarantees from the Department of Energy (DOE) and $535 million from the U.S. Treasury Department, the facility's...
  • Who Pays For “Diversity”?

    05/26/2016 8:53:32 AM PDT · by Academiadotorg · 9 replies
    Accuracy in Academia ^ | May 26, 2016 | Malcolm A. Kline
    While The Donald hits the hustings talking, yea, bellowing, about the jobs America has lost, academia has actually added to its payrolls, but kept mum about who is picking up the tab. "The number of jobs in higher education expanded in 2016 at the highest growth rate for the first quarter in three years," according to Higher Ed Jobs.com. Two emerging professions servicing the academic community are Title IX advisers and diversity consultants. The former show university employees how not to run afoul of the federal law which was originally intended to bar discrimination by gender that has morphed into...
  • Trump: Warren a ‘total hypocrite’ on housing

    05/26/2016 8:10:52 AM PDT · by Trumpinator · 20 replies
    thehill.com ^ | May 25, 2016, 09:37 am | Mark Hensch
    Trump’s response references reports claiming that Warren potentially benefited from a housing crisis herself. Reports emerged during Warren’s Senate campaign in 2012 that she profited off her native Oklahoma City’s volatile market in the 1990s. Warren reportedly loaned money at high interest rates to relatives and purchased foreclosed properties at bargain prices. The Boston Herald reported that Warren took part in about 12 Oklahoma real estate deals.
  • Obama: World leaders 'rattled' by Trump

    05/26/2016 7:40:29 AM PDT · by Trumpinator · 39 replies
    cnn.com ^ | Updated 10:21 AM ET, Thu May 26, 2016 | Euan McKirdy, CNN
    Obama: World leaders 'rattled' by Trump By Euan McKirdy, CNN Updated 10:21 AM ET, Thu May 26, 2016 (CNN)President Barack Obama touched on the rancorous U.S. presidential race at a press conference Thursday from the G-7 summit in Japan, saying that presumptive Republican nominee Donald Trump's statements had his fellow world leaders concerned. "They're rattled by him and for good reason,"
  • California cap-and-trade auction falls far short, delivering blow to state revenue (tr)

    05/26/2016 6:16:22 AM PDT · by Oldeconomybuyer · 17 replies
    Los Angeles Times ^ | May 26, 2016 | by Ralph Vartarbedian
    The latest auction in California's cap-and-trade market for greenhouse gases fell sharply below expectations, as buyers purchased just 2% of the carbon credits whose sale funds a variety of state programs -- notably, the proposed high-speed rail project. The quarterly auction, conducted May 18 and announced Wednesday, will provide just $10 million for state programs, including $2.5 million for the bullet train. The rail authority had been expecting about $150 million. Whatever prompted the lack of buyers, the auction is a stark example of the uncertainty and risk of relying on actively-traded carbon credits to build the bullet train. The...
  • Orders for U.S. Capital Goods Unexpectedly Fall for Third Month

    05/26/2016 5:57:58 AM PDT · by BenLurkin · 12 replies
    finance.yahoo.com ^ | 05/26/2016
    Some companies are paring investment plans as they assess the demand outlook in wake of weaker first-quarter growth and earnings, raising doubts about how quickly manufacturing can pull out of its slump. Global economies are struggling to improve, the oil industry has retrenched and factory customers are also bringing inventories more in line with sales. “There’s fragile sentiment when it comes to business investment,” said Thomas Costerg, a senior U.S. economist at Standard Chartered Bank in New York, who projected a decline in orders for business equipment. “The global growth picture is still unsettled. Corporate profits have softened as well....
  • Venezuela sells gold reserves as economy worsens

    05/26/2016 5:54:17 AM PDT · by C19fan · 19 replies
    CNBC ^ | May 25, 2016 | Henry Sanderson and Andres Schipani
    Venezuela’s gold reserves have plunged to their lowest level on record after it sold $1.7 billion of the precious metal in the first quarter of the year to repay debts. The country is grappling with an economic crisis that has left it struggling to feed its population.
  • Obama races to cement the big Pacific Rim trade deal that all his potential successors oppose

    05/26/2016 5:52:06 AM PDT · by C19fan · 8 replies
    LA Times ^ | May 25, 2016 | Michael A. Memoli and Christi Parsons
    President Obama is racing against the clock to cement a massive Pacific Rim trade deal that all of his potential successors oppose, with his administration eyeing a looming fight on Capitol Hill while starting to implement as much of the complicated pact as it can.
  • China Wants U.S. Clues On Fed Rate Hike Timing

    05/26/2016 4:26:47 AM PDT · by expat_panama · 12 replies
    Investors Business Daily ^ | 5/25/2016 | BLOOMBERG NEWS
    Chinese officials plan to ask their American counterparts in annual talks next month about the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter. The Chinese delegation will try to deduce whether a June or a July rate rise is more likely, as the nation’s policy makers prepare for the potential impact on financial markets and the yuan, the people said, asking not to be named as the discussions were private. In China’s view, if the Fed does lift borrowing costs, a July move would be preferable, the people said. A People’s Bank...
  • Medical marijuana legalization sent to Ohio governor

    05/25/2016 10:16:36 PM PDT · by Olog-hai · 6 replies
    Associated Press ^ | May 25, 2016 11:11 PM EDT | Julie Carr Smyth
    A medical marijuana legalization bill has been sent to Ohio Gov. John Kasich in an effort by state lawmakers to offset support for a proposed fall ballot measure. The measure cleared the Ohio Senate by just three votes, and the House followed by OKing Senate changes 67-28. The proposal, which Kasich has not committed to signing, would bar patients from smoking marijuana or growing it at home, but it would allow its use in vapor form for certain chronic health conditions. It garnered both support and opposition among Republicans and Democrats. Supporters recalled emotional testimony from chronic pain sufferers and...
  • South Florida drivers feel they're spending more money on tolls

    05/25/2016 7:49:30 PM PDT · by Tolerance Sucks Rocks · 25 replies
    Local 10 News ^ | April 29, 2016 | Amy Viteri
    MIAMI - Drivers throughout South Florida have said no matter where their daily commute takes them, they feel they're spending more money, more often on tolls. Local 10 News spoke to several drivers who said the tolls are another expense and don't necessarily help them reach their destination any faster. "Three hundred to four hundred (dollars) a month," Maribel Masvidal estimated she spends commuting from Homestead to her job in South Miami. "A lot of money that could be used on other things for my family." Masvidal said that commute can take her up to two hours one way on...
  • Hillary Clinton's New Anti-Trump Ad Misses the Mark

    05/25/2016 7:48:09 PM PDT · by Milhous · 33 replies
    Rolling Stone ^ | May 25, 2016 | Matt Taibbi
    A new attack ad put out by the Hillary Clinton campaign this week achieves the near-impossible, making Donald Trump look wronged and (almost) like a victim. More believably, it makes the Democrats look sleazy and disingenuous in comparison. The ad begins with a picture of a grinning Trump and the words, "In 2006, Donald Trump was hoping for a real estate crash." It was caused by the existence of a speculative bubble in the first place. And that bubble was inflated not by Donald Trump, but by the people who have at least in part bankrolled Hillary Clinton's career: namely,...
  • Courts To Decide Future Of Man’s Private Island In Suisun Bay

    05/25/2016 7:08:01 PM PDT · by nickcarraway · 21 replies
    A legal battle is raging in Bay Area courts over a landowner’s plans to transform an island in the Delta into a playground for Silicon Valley. Secluded Pt. Buckner Island in Suisun Bay has become well known for its kite-surfing and other sports. When John Sweeney bought the small Delta island, it was in pretty bad shape. The levees were breached in several places, allowing water to cover part of it. As the new owner, Sweeny says “by law” the Suisun Marsh Preservation Act now makes that his problem. “When you buy the property, you have a compliance period where...
  • Former McDonald’s CEO warns minimum wage hike’s ‘destructive’ impact

    05/25/2016 5:35:44 PM PDT · by russbart · 4 replies
    While there is already anecdotal evidence that low-skill jobs are being replaced by machines at an increasing pace, one expert in the field recently predicted the trend will only escalate as activists across the country continue to push for a $15 per hour minimum wage.
  • Prof profited by buying, selling homes (Hypocrite Warren bough depressed homes, sold high)

    05/25/2016 2:18:01 PM PDT · by Trumpinator · 19 replies
    bostonherald.com ^ | Saturday, June 02, 2012 | Jerry Kronenberg
    Elizabeth Warren, who has railed against predatory banks and heartless foreclosures, took part in about a dozen Oklahoma real estate deals that netted her and her family hefty profits through maneuvers such as “flipping” properties, records show. A Herald review has found that the Democratic U.S. Senate candidate rapidly bought and sold homes herself, loaned money at high interest rates to relatives and purchased foreclosed properties at bargain prices. Land records from Warren’s native Oklahoma City show the Harvard professor was active in the often topsy-turvy real estate market in the 1990s, including: • Purchasing a foreclosed home at 2725...
  • Price of corn flour in Venezuela soars 900 percent

    05/25/2016 1:55:34 PM PDT · by Lorianne · 13 replies
    Yahoo News ^ | 24 May 2016
    Caracas (AFP) - Venezuelans on Tuesday woke up to discover that the government-controlled price of corn flour -- used to make corn patty arepas, a staple of local cuisine -- has risen 900 percent.
  • Oklahoma landowners register private airstrips to keep wind farms at bay

    05/25/2016 1:52:02 PM PDT · by Lorianne · 11 replies
    News OK ^ | 22 May 2016 | Paul Monies
    An airport boom is underway in southwest Oklahoma. But don't expect to be in long security lines or grab a coffee while you wait for a flight. These are airstrips registered with the Federal Aviation Administration for private use. Most are turf runways mowed out of a pasture. Some even have a wind sock. But they have no lights or other nighttime warnings. The rush to register airstrips is part of the fallout from a state law passed last year that put in siting regulations on wind turbines. Senate Bill 808 said the turbines had to be at least 1.5...
  • Windfall: When Renewable Energy is not Sustainable

    05/25/2016 1:50:08 PM PDT · by Lorianne · 7 replies
    Daily Impact, the ^ | 16 May 2016 | Tom Lewis
    Industrial Masters of the Universe have long since learned what to do when the fickle public embraces a product or concept that was previously anathema; they embrace it like an Anaconda getting ready to eat a pig. Thus they learned to love “organic” stuff, and “natural” chemicals and even “renewable” energy. As soon as they learned that customers would line up to buy $3 million turbines, that the government would subsidize up to 70% of the cost, and that the public would love them for doing it, it was game on. Now, however, accumulating costs and negatives are beginning to...
  • Foxconn replaces '60,000 factory workers with robots' (China)

    05/25/2016 11:05:03 AM PDT · by RightGeek · 38 replies
    BBC ^ | 5/25/16 | uncredited
    Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots. One factory has "reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots", a government official told the South China Morning Post. Xu Yulian, head of publicity for the Kunshan region, added: "More companies are likely to follow suit." China is investing heavily in a robot workforce. In a statement to the BBC, Foxconn Technology Group confirmed that it was automating "many of the manufacturing tasks associated with our operations" but denied that it meant long-term job losses. [snip] Since September 2014, 505 factories...
  • Christianity Is Not Private But A Bakery Is

    05/25/2016 8:17:11 AM PDT · by SoFloFreeper · 13 replies
    The Heidelblog ^ | R Scott Clark
    .....Despite the 1st amendment and his oath, Sen. Schumer (D-New York) says that religious Americans have a choice: hold their religious faith or go into business but, according to Sen. Schumer, religious people cannot both practice their faith and conduct business in America.... The first part of the answer is that...it became a given in the modern period that religion is an essentially private, theoretical matter. ....The second part of the answer is really a question. How did it come to be that, in America, a nation founded on the principle of the right of relatively unencumbered religious practice, in...
  • New York Times Co. to Offer Buyouts to Employees

    05/25/2016 7:20:51 AM PDT · by McGruff · 38 replies
    The NY Times ^ | MAY 25, 2016 | KATIE ROGERS
    The New York Times will offer voluntary buyout packages to members of the newsroom and several business departments at the end of the month, the company announced on Wednesday. In a memo, members of the executive committee, including Arthur Sulzberger Jr., the newspaper’s publisher, and Dean Baquet, its executive editor, said that the buyouts were a part of the company’s larger mandate to build a more digitally focused newsroom, and to reach its stated goal of doubling digital revenue by the year 2020. “These plans will no doubt lead to new initiatives and investments,” the memo said. “At the same...
  • Bull Market in False Prophets

    05/25/2016 6:31:49 AM PDT · by SkyPilot · 4 replies
    Rapture Ready ^ | 25 May 16 | Wilfred J. Hahn
    Usually, long experience and practice is something of great merit. Presumably, with age comes much knowledge and useful perspective. That is not necessarily so in today’s world of political economics and financial markets. Today, long experience is more likely to be a hindrance … a so-called mill stone around the ankle. One is not so free to accept farcical policies and quick-fix solutions. It appears that the economic “body of knowledge” accumulated in the standard text books over the last 50 to 150 years or so no longer has any application. No need apparently. New enlightenment is all that is...
  • The Obnoxious Fallacy of Mandated Prosperity

    05/25/2016 5:04:18 AM PDT · by expat_panama · 10 replies
    Obama's overtime end-run is the latest example of the fallacy of attempting to mandate prosperity. This labor rule mimics so many other administration initiatives that seek to unilaterally impose its will on circumstances not suiting their vision. However, the economy is a tough adversary. So the basic problem remains: Although government may redistribute wealth, government cannot create it. Last week, the Obama administration announced a rule doubling (from $23,660 to $47,476) the salary range within which employees must be paid time-and-a-half overtime. Like recent high-profile minimum wage hikes in several large cities and the "living wage" movement in general, Obama's...
  • What’s with Yahoo’s cryptic response to Variety’s Marissa Mayer crucifixion cover?

    05/25/2016 5:01:51 AM PDT · by upchuck · 9 replies
    Fast Company ^ | May 24, 2016
    Variety has new cover story about Yahoo, and the cover image is quite a doozy! The front and center image is a drawing of Marissa Mayer holding up a large wooden "Y," that looks disturbingly like a cross. So Mayer is Jesus, I guess? The headline reads "The end is nigh." If that isn't weird enough, Yahoo issued a similarly cryptic response to the headline. The company said "Running that cover illustration is Variety's own burden to bear." What the hey does that mean? Is it a cry for help? A promise? A threat? Perhaps, and just perhaps, this message...