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Business/Economy (News/Activism)

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  • Steve Bannon warns California might secede from the US

    10/21/2017 7:45:13 AM PDT · by smileyface · 84 replies
    Washington Examiner ^ | Oct 21, 2017 | Daniel Chaitin
    Steve Bannon warned Friday evening that California might pose a "problem" to the U.S. by attempting to secede. Couching his statement on California's status as a "sanctuary state," Bannon, President Trump's former chief strategist, contended that California's Democrats and "the lords of Silicon Valley" would attempt to flee like states did in the run-up to the Civil War if the policy isn't turned around. "You are a sanctuary state," he told a crowd in Anaheim at the California Republican Party convention. "If you do not roll this back, 10 or 15 years from now the folks in Silicon Valley and...
  • The last Holden: GM closes plant, ends Australia auto production

    10/21/2017 2:08:57 AM PDT · by NorseViking · 27 replies
    SYDNEY — Australia's near 100-year automotive industry ended on Friday as Holden, a unit of General Motors, closed its plant in South Australia to move manufacturing to cheaper locations. The closure comes a year after Toyota and Ford similarly moved out, eliminating thousands of manufacturing jobs. It adds pressure on the government to help those made redundant find work in a battleground state ahead of a federal election in 18 months.
  • National anthem singer takes a knee while performing at Brooklyn Nets game

    10/20/2017 7:37:06 PM PDT · by markomalley · 52 replies
    Washington Examiner ^ | 10/20/17 | Katie Leach
    After performing the national anthem at Friday night's Brooklyn Nets game, singer Justine Skye took a knee in the latest installment of the ongoing demonstration.Skye knelt specifically during the line "and the home of the brave," according to reports. However, according to the Associated Press, the demonstration wasn't well received among fans. Skye reportedly received more boos than cheers for her stunt.Shortly after her performance at the Nets' home opening game, Skye posted on Instagram a clip of her kneeling with the caption, "Got a bit shaky at the end.. was pretty uneasy about singing the anthem and probably won't...
  • Planned Parenthood Defends Rep. Wilson: Trump Administration Has ‘Pattern of Attacking Black Women’

    10/20/2017 6:02:15 PM PDT · by markomalley · 31 replies
    Big Government ^ | 10/20/17 | Susan Berry
    Planned Parenthood is defending Rep. Frederica Wilson’s (D-FL) claim that White House Chief of Staff John Kelly’s use of the term “empty barrel” is racist. “This is part of a pattern of Trump admin attacking & undermining Black women,” Planned Parenthood tweeted. “It’s despicable. We stand with @RepWilson & all Black women.” Planned Parenthood, however, was founded by eugenicist Margaret Sanger, whose bust an organization of black pastors has tried to have removed from the Smithsonian Institution’s National Portrait Gallery. The abortion giant also presents its highest honor – the Margaret Sanger Award – to individuals who promote abortion rights, such as...
  • Trump Tax Cuts Gain Momentum as Senator Rand Paul Goes 'All In'

    10/20/2017 2:33:48 PM PDT · by drewh · 79 replies
    Reuters/AOL ^ | Oct 20th 2017 11:48AM
    U.S. Republican senator Rand Paul on Friday appeared to back the Trump administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts even as the Senate passed a key budget measure without his support one day earlier. On Thursday, the Republican-controlled Senate approved the budget resolution for the 2018 fiscal year, with Paul casting the lone Republican vote against it. That approval paves the way for their tax-cut proposal that would add up to $1.5 trillion to the federal deficit over the next decade to pay for the cuts. U.S. President Donald Trump on Friday signaled...
  • Chick-fil-A isn’t just the most popular fast-food chain in Georgia, it dominates the US

    10/20/2017 1:53:13 PM PDT · by madprof98 · 74 replies
    Atlanta Journal-Constitution ^ | 10/20/17 | Fiza Pirani
    Customers all over the nation flock to Chick-fil-A to indulge in the Georgia-based franchise’s perfectly seasoned, breaded chicken sandwiches, crispy waffle fries, hand-spun milkshakes or other popular menu items. And, according to a new ranking from Foursquare and Business Insider on the most popular fast-food chain in each state, Chick-fil-A obliterates most of its competition. Analysts examined which restaurant chains are most-visited in each state by dividing the total number of visits by the number of locations in the state. Chick-fil-A took home top honors in all but 12 places.
  • GOP Congress Presides Over Highest Spending Since Obama’s Stimulus

    10/20/2017 1:04:35 PM PDT · by JP1201 · 12 replies
    (CNSNews.com) - Real federal spending in fiscal 2017, which ended on Sept. 30, was higher than in any year in the history of the United States other than fiscal 2009, which was the year that President Barack Obama’s $840 billion stimulus law was enacted. Fiscal 2017 also saw the second highest real federal individual income tax totals of any year in U.S. history, according to the Monthly Treasury Statement released today.
  • There’s talk of capping 401(k) contributions at $2,400 per year

    10/20/2017 12:01:10 PM PDT · by NohSpinZone · 24 replies
    MarketWatch ^ | 10/20/17 | Anne Tergesen
    Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry. Republicans are looking for ways to generate revenue to support broad reductions in individual tax rates. One idea is to limit the amount of pretax money households can sock away for retirement saving. Such a move would likely generate significant political blowback but it hasn’t been explicitly ruled out, stirring worry among industry lobbyists.
  • The Self-Dealing Presidency of Donald Trump

    10/20/2017 10:48:27 AM PDT · by Oldeconomybuyer · 25 replies
    New York Times ^ | October 19, 2017 | Times Editorial Board
    If Donald Trump thinks there’s nothing wrong with exploiting the presidency for his personal profit, he should read the Constitution. That’s the argument plaintiffs made in a Manhattan federal court on Wednesday, in the first-ever lawsuit to accuse a president of violating the emoluments clauses — once-obscure constitutional provisions that the nation’s founders adopted to prevent corruption of public officials. The emoluments clauses are based on a simple, sound idea — that the nation’s security and well-being are threatened when those entrusted with acting in the public interest use their office for private gain. Until Jan. 20, there was no...
  • Senate Votes to Raise Revenue by Drilling In Arctic National Wildlife Refuge (drill, baby drill!)

    10/20/2017 10:33:29 AM PDT · by drewh · 34 replies
    Spokesman Review ^ | Fri., Oct. 20, 2017, 10:04 a.m. | By Juliet Eilperin
    WASHINGTON – The Senate rejected an amendment Thursday that sought to block a key panel from raising revenue through drilling in Alaska’s Arctic National Wildlife Refuge, a move that could make it easier for future oil and gas drilling to take place there. Sen. Maria Cantwell, Wash., the top Democrat on the Energy and Natural Resources Committee, offered an budget amendment that would have removed instructions to the panel to raise an additional $1 billion through federal leasing. It failed 48 to 52 on a largely party-line vote, with only Sen. Susan Collins, R-Maine, and Joe Manchin, W.Va., breaking ranks....
  • There’s talk of capping 401(k) contributions at $2,400 per year

    10/20/2017 9:58:58 AM PDT · by C19fan · 177 replies
    Market Watch ^ | October 20, 2017 | Anne Tergesen and Richard Rubin
    Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry. Republicans are looking for ways to generate revenue to support broad reductions in individual tax rates. One idea is to limit the amount of pretax money households can sock away for retirement saving. Such a move would likely generate significant political blowback but it hasn’t been explicitly ruled out, stirring worry among industry lobbyists.
  • Trump Bends The Knee To King Corn

    10/20/2017 9:32:18 AM PDT · by Tolerance Sucks Rocks · 53 replies
    Investor's Business Daily ^ | October 19, 2017 | Investor's Business Daily
    Corny Capitalism: This is one campaign promise we wish President Trump would break. But alas, he just told his EPA to give up any thought of cutting back on the federal government's anti-consumer, anti-environment ethanol mandate. Sad. The story begins in 2005, when President Bush approved the Renewable Fuel Standard program as part of an energy bill, which required oil refiners to blend in predetermined amounts of "biofuels" into their gasoline, starting at 4 billion gallons in 2006. A revised version of the RFS, which Bush signed in 2007, expanding the program, requiring ethanol levels to climb steadily to 36...
  • China’s 30-year deadline to rule the world

    10/20/2017 9:08:12 AM PDT · by Red Badger · 23 replies
    www.news.com.au ^ | October 20, 2017 | Debra Killalea
    CHINA’S leader has laid out his ambitious plans for a superpower in a three-hour speech with huge implications for Australia. BEIJING has outlined plans to become the world’s biggest superpower within the next 30 years. Opening a five-yearly national congress, Chinese President Xi Jinping set out his time frame for the country to become a “global leader” with international influence. In his 3 ½ hour speech, Mr Xi urged a reinvigorated Communist Party to take a stronger role in society and economic development to better address the nation’s “grim” challenges. Speaking in the massive Great Hall of the People near...
  • Graham: Hillary implicated in Russia probe

    10/20/2017 9:05:34 AM PDT · by afraidfortherepublic · 11 replies
    Boston Herald ^ | 10-20-17 | Michael Graham
    Clinton Foundation benefited amid shady uranium deal Hey, mainstream media! We finally found it — a real Russia scandal involving the 2016 election. With actual evidence of criminal wrongdoing and everything! So come on, New York Times, CNN and MSNBC, let’s ... Hey, where’d everybody go? For months I’ve been doing TV hits as the token conservative and getting grilled over “Russiagate.” Did Donald Trump and the Russians collude to steal the election from Hillary Clinton? And for months I’ve been asking the same questions: Where is the evidence of an actual crime? And since “collusion” isn’t necessarily against the...
  • If Trump is doing so horribly, why is the stock market doing so well?

    10/20/2017 9:04:57 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 10/20/2017 | Joe Ciolli
    The stock market doesn't revolve around Donald Trump, regardless of what the president tries to claim. This much should be clear to anyone who's enjoyed a seemingly endless series of record highs, even as Trump has failed to make progress on the policies he's been proposing for months. Sure, politicians and their supporters like to take credit for good news, no matter where it comes from. Treasury Secretary Steve Mnuchin even went as far as warning on Wednesday that the market would sink if Trump's tax plan weren't adopted because, he said, it's responsible for recent market records. And it's...
  • Senate passes a budget, moving the GOP closer to tax reform (a $4 Trillion Budget Measure)

    10/20/2017 9:00:15 AM PDT · by SeekAndFind · 24 replies
    CNBC ^ | 10/20/2017 | Jacob Pramuk
    Senate Republicans approved a $4 trillion budget measure Thursday, taking a crucial step toward their goal of passing a tax plan this year. The chamber approved the budget resolution by a 51-49 vote. Sen. Rand Paul, R-Ky., was the only GOP senator to vote against it. Senators will now have to reconcile their budget resolution with a separate one passed by the House. The other chamber could simply choose to pass the Senate budget blueprint. Passing a budget unlocks reconciliation, which enables the GOP to pass a tax bill with a simple 51-vote majority in the Senate. Using the tool...
  • Uranium & Diarrhea, Inc

    10/20/2017 8:53:57 AM PDT · by afraidfortherepublic · 10 replies
    The Steyn Club ^ | 10-20-17 | Mark Steyn
    The big story this week is that the FBI uncovered a Moscow bribery plot just before the Obama Administration approved the transfer of 20 per cent of American uranium into the hands of the Russians. And who precisely were the Russkies trying to bribe? They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton's charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill....
  • Guess who runs the Motion Picture Association of America in the Weinstein era

    10/20/2017 8:22:17 AM PDT · by afraidfortherepublic · 10 replies
    The American Thinker ^ | 10-20-17 | James V. DeLong
    It seems as though everyone and his publicist is commenting on Harvey Weinstein and the Hollywood sex culture, but there is an interesting exception: the Motion Picture Association of America.  The scandal is not noted on its blog, nor in its news section, nor in its press releases, nor in the recent speeches by its chairman extolling the First Amendment and the institution of copyright. One would normally expect a major trade association to be active on such a big issue, but the explanation for the silence seems pretty easy.  The MPAA chairman (until the end of this year, which...
  • An Alternative to Burial and Cremation Gains Popularity [alkaline hyrdolysis]

    10/20/2017 7:45:35 AM PDT · by markomalley · 40 replies
    NY Slimes ^ | 10/19/17 | Jonah Engel Bromwich
    What do you want done with your body after you die? It is an unnerving but important question, and for most Americans there have long been only two obvious choices: burial or cremation. But a third option, a liquefaction process called by a variety of names — flameless cremation, green cremation or the “Fire to Water” method — is starting to gain popularity throughout the United States. This week, California became the 15th state to outline commercial regulations for the disposal of human remains through the method, chemically known as alkaline hydrolysis. It may seem markedly different from the traditional...
  • IRS to block, suspend tax returns that lack Obamacare disclosures

    10/20/2017 6:34:58 AM PDT · by Red Badger · 136 replies
    CNBC ^ | 10/20/2017 | Dan Mangan
    The IRS says it will not accept electronic tax returns that do not disclose whether the filer had health insurance coverage during the year. It also says it will suspend paper returns that do not have the disclosure. The IRS' move, which will bolster compliance with Affordable Care Act rules, comes as the Trump administration takes other steps to undercut the law. The IRS is warning tax professionals that it will block or suspend processing of 2017 income tax returns that do not comply with Obamacare rules requiring filers to disclose their health insurance status. The new move to tighten...