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Business/Economy (News/Activism)

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  • Trump Was Right to Cancel the North Korea Summit: Here's Why (video only)

    05/24/2018 9:20:51 AM PDT · by servo1969 · 8 replies
    YouTube ^ | 5-24-2018 | Styxhexenhammer666
    After Kim Jong Un called the VP names the only possible course of action was to respond this way; Trump compliments Kim while reminding him of the subjugated nature of his military abilities. To have gone ahead with the meeting without forcing the DPRK to come back to the table would be disastrous, diplomatically, and start any negotiations off with Kim Jong Un as the superior actor.
  • About that CEO pay...

    05/24/2018 8:43:08 AM PDT · by rktman · 18 replies
    americanthinker.com ^ | 5/24/2018 | Jack Hellner
    Chief Executive Officers in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $163K). This is based on 1,006 CEOs in the U.S. According to the Bureau of Labor Statistics, there were 2,572,000 top executive jobs and the average pay in 2016 was $104,700. CEOs made an average of $183,270 as of May 2017. That is a far cry from any numbers that the media actually reports. Meanwhile, the average federal employee compensation in the U.S is $123,160, so they make more than the average top executives, and their benefits and...
  • ZTE revenues fall $2bn as US sanctions bite

    05/23/2018 5:56:17 PM PDT · by Zhang Fei · 1 replies
    Financial Times ^ | May 23, 2018 | Emily Feng and Louise Lucas
    ZTE, the Chinese telecoms equipment maker, is estimated to have lost more than $2bn in revenue since the imposition of a ban on the supply of US components by Washington last month, according to calculations based on last year’s figures. ZTE reported full-year revenues of Rmb108.8bn ($17bn) in 2017, or an average of $1.4bn a month. The US ban on supplying parts to ZTE — after the group was found to have violated sanctions against North Korea and Iran — was imposed roughly six weeks ago, implying lost revenues of more than $2bn. The potential reversal of the US ban...
  • Chipotle Announces Denver HQ to Relocate to California

    05/23/2018 3:47:17 PM PDT · by American Quilter · 65 replies
    KOAA News 5 ^ | 23 May 2018 | Rachael Wardwell
    DENVER - Chipotle Mexican Grill announced its moving its headquarters from Denver to Newport Beach, California. "We'll always be proud of our Denver roots where we opened our first restaurant 25 years ago. The consolidation of offices and the move to California will help us drive sustainable growth while continuing to position us well in the competition for top talent," said Brian Niccol, chief executive officer at Chipotle. The company said all work within the current Denver office will be consolidated to Chipotle's office in Columbus, Ohio or moved to the new headquarters in California. The next six months will...
  • Trump Administration Weighs New Tariffs on Imported Vehicles

    05/23/2018 2:26:09 PM PDT · by reaganaut1 · 44 replies
    Wall Street Journal ^ | May 23, 2018 | William Mauldin, Kate O’Keeffe and Timothy Puko
    WASHINGTON—The Trump administration is considering a plan that would impose new tariffs on imported vehicles on national-security grounds, according to industry officials briefed on broad outlines of the plan. President Donald Trump has already used a legal provision known as Section 232 to impose global tariffs on imported steel and aluminum, and now the administration is considering starting a probe of imported cars under the same law, possibly applying tariffs at the end, the people said. Mr. Trump has repeatedly floated the idea of tariffs on auto imports in meetings. The plan remains in its early stages, and is likely...
  • Future Leaders Gain A Better Understanding Of Climate Change

    05/23/2018 10:52:21 AM PDT · by Oldeconomybuyer · 22 replies
    Forbes ^ | May 22, 2018 | by Roger Trapp
    Corporate reports constantly talk about the importance to business of climate change. Yet this is not always reflected in the content of the business school courses supposedly preparing the future leaders of organizations. One institution that is trying to bridge the gap is CEMS, the global alliance of academic and corporate bodies dedicated to educating and preparing future generations of international business leaders. In fact, it has been doing it since 2009, when the University of St Gallen and ESADE in Barcelona first held a model United Nations Framework Convention on Climate Change to enable students to get to grips...
  • Op Ed: Public transit is key to tackling global warming

    05/23/2018 10:41:24 AM PDT · by Oldeconomybuyer · 37 replies
    Crain's New York Business ^ | May 23, 2018 | By John Samuelsen
    New York has a major opportunity to lead the nation in reducing emissions and to strike a blow against inequality by making significant and bold investments in public transit across the state. Transportation is now the top climate culprit in New York state, responsible for more greenhouse-gas emissions than power plants. While our state is ramping up investments in renewable energy, moving people cleanly and efficiently is absolutely critical too. We must address this need by expanding public transit in ways that will also create family-sustaining employment options, improved public health, safety and mobility. The climate crisis and the transportation...
  • Hitting toughest climate target will save world $30tn in damages, analysis shows

    05/23/2018 10:33:39 AM PDT · by Oldeconomybuyer · 39 replies
    The Guardian ^ | May 23, 2018 | by Damian Carrington
    Achieving the toughest climate change target set in the global Paris agreement will save the world about $30tn in damages, far more than the costs of cutting carbon emissions, according to a new economic analysis. Most nations, representing 90% of global population, would benefit economically from keeping global warming to 1.5C above pre-industrial levels, the research indicates. This includes almost all the world’s poorest countries, as well as the three biggest economies – the US, China and Japan – contradicting the claim of US president, Donald Trump, that climate action is too costly. The scientists used 40 global climate models...
  • Will Starbucks become America's largest chain of homeless shelters?

    05/23/2018 9:55:26 AM PDT · by Hojczyk · 48 replies
    Fox news ^ | May 22,2018 | Jermey Carl
    Interestingly, the Washington Post recently reported that Starbucks Executive Chairman Howard Schultz may seek the Democratic nomination for president of the United States in 2020. If that’s true, that could explain a lot about the company’s concern with pleasing leftist activists. As part of its overreaction to the Philadelphia incident, Starbucks said it would close all its over 8,000 company-owned stores in the U.S. May 29 to conduct “anti-bias” training for employees – seemingly buying into the notion that the two African-American men were asked to leave the store because of their race. Starbucks also engaged former Attorney General Eric...
  • New policy requires players, personnel on the field to stand for anthem

    05/23/2018 9:39:13 AM PDT · by Hojczyk · 58 replies
    ESP ^ | May 22,2018 | Kevin SeifertDan Graziano
    ATLANTA -- NFL owners have unanimously approved a new national anthem policy that requires players to stand if they are on the field during the performance but gives them the option to remain in the locker room if they prefer, it was announced Wednesday. The new policy subjects teams to a fine if a player or any other team personnel do not show appropriate respect for the anthem. That includes any attempt to sit or kneel, as dozens of players have done during the past two seasons. Those teams will also have the option to fine any team personnel, including...
  • Left-Wing Billionaire Bloomberg Says Raising Taxes On Poor People A "Good Thing"

    05/23/2018 9:16:28 AM PDT · by rhett october · 25 replies
    Americans For Tax Reform ^ | May 22nd, 2018 | Americans For Tax Reform
    Nanny-state-imposing left-wing billionaire Michael Bloomberg is now on video admitting how much he likes to raise taxes on poor people, calling such tax hikes a “good thing.” For years, Bloomberg has personally funded and promoted all sorts of regressive taxes and regulations in an attempt to push people around. He uses the coercive power of the government to force people to live their lives as he sees fit. So here is Bloomberg on stage with another global mandarin, Christine Lagarde of the International Monetary Fund. He refers to low income individuals as “those people” and then takes a shot at...
  • Unions Give $1.3 Billion in Member Dues to Left-Wing Groups(WUT?)

    05/23/2018 8:52:46 AM PDT · by rktman · 12 replies
    breitbart.com ^ | 5/23/2018 | Susan Berry
    A new study reveals that from 2010 to 2017, labor unions sent some $1.3 billion in member dues to progressive groups aligned with the Democratic Party without obtaining the approval of their members. According to the Center for Union Facts (CUF) groups that received union member dues include the Clinton Foundation, Planned Parenthood, Center for American Progress, Democracy Alliance, and the Democratic Governors Association.
  • Democrats Lose Voting Majority at CPSC with Baiocco Confirmation

    05/23/2018 7:45:16 AM PDT · by Jaysin · 5 replies
    Retail Consumer products Law ^ | 5-22-2018 | Matthew Cohen
    The 3-1 Democratic majority at the U.S. Consumer Product Safety Commission has officially come to an end one and a half years after the election of President Trump and eight months after the nomination of Dana Baiocco as a commissioner of the CPSC. This afternoon, the United States Senate voted 50-45, mostly along party lines, to confirm Ms. Baiocco to the Commission. This confirmation is significant. As of today, Ms. Baiocco will be able to take her seat on the Commission, and Commissioner Marietta Robinson, currently in her “hold-over” year as her term expired last October, will depart the agency....
  • Bill Nye: Taxing cow farts a 'fantastic thing'

    05/23/2018 6:46:12 AM PDT · by rktman · 105 replies
    wnd.com ^ | 5/23/2018 | James Delingpole
    Netflix host “Science Guy” Bill Nye has a new solution for the world’s environmental problems: taxing cow farts. “Well, this is what we can do and it’s a win-win: to have a fee on carbon. So if you are raising livestock and producing a lot of carbon dioxide with your farm equipment and the exhaust from the animals, then you would pay a fee on that and it would be reflected in the price of meat, reflected in the price of fish, reflected in the price of peanuts,” Bill Nye said in a recent interview with the Daily Beast. “This...
  • John Bel Edwards says Louisiana won't do business with companies that boycott Israel

    05/23/2018 5:29:07 AM PDT · by BBell · 10 replies
    http://www.nola.com ^ | 5/23/18 | Julia O'Donoghue
    Gov. John Bel Edwards issued an executive order Tuesday night (May 22) prohibiting Louisiana state government from doing business with companies that boycott Israel. The order directs the state commissioner of administration, Jay Dardenne, to terminate existing state contracts with companies if they are currently boycotting Israel or supporting those who do so. Moving forward, companies will be required to sign an agreement certifying that they aren't boycotting Israel before being awarded a state contract. The prohibition will not be applied to companies that have contracts with the state that total less than $100,000 or that have fewer than five...
  • Shoppers begin Publix boycott as chain continues supporting Adam Putnam for governor [NRA]

    05/23/2018 5:07:17 AM PDT · by SoFloFreeper · 60 replies
    Tampa Bay Times ^ | 5/23/18 | S DiNatale
    Publix has been Florida’s favorite grocery chain for decades — but some shoppers are turning their backs on the store after learning it donated more than half a million dollars to gubernatorial candidate Adam Putnam. A handful of state advocacy groups have gone to social media — Twitter in particular — urging shoppers to "#BoycottPublix" this Memorial Day weekend. Some people have decided to boycott the store indefinitely, or until it withdraws $670,000 it has given to Putnam, a longtime Republican politician who drew ire after he called himself "a proud NRA sellout" and opposed Florida’s new, stricter gun purchasing...
  • The Feminization of Everything Fails Our Boys

    05/23/2018 1:53:22 AM PDT · by Tolerance Sucks Rocks · 31 replies
    National Review ^ | May 9, 2017 | David French
    The second comes from The Atlantic’s Emma Green. Detailing the findings of a survey conducted by her magazine and the Public Religion Research Institute, she notes that 61 percent of white working-class men view college as a “risky gamble.” Green’s report contained this explanation: “The enduring narrative of the American dream is that if you study and get a college education and work hard, you can get ahead,” said Robert P. Jones, the CEO of PRRI. “The survey shows that many white working-class Amer­icans, especially men, no longer see that path available to them. . . . It is this sense of economic fatalism,...
  • Trump Denies Reaching Deal With China on ZTE

    05/22/2018 5:50:20 PM PDT · by Zhang Fei · 6 replies
    New York Times ^ | May 22, 2018 | Ana Swanson and Jim Tankersley
    President Trump declared on Tuesday that he was not happy with how recent trade talks with China had gone, and said the United States had not reached a deal to suspend penalties on the Chinese telecom firm ZTE, disputing reports that the administration had decided to go easy on the company in return for trade concessions. “There is no deal. We will see what happens,” Mr. Trump said ... Also on Tuesday, a bipartisan group of senators sent a letter to key trade officials in the administration urging them to protect national security interests during the China trade negotiations, including...
  • Uninsured Rate Stays Flat at Nearly 30 Million

    05/22/2018 5:37:28 PM PDT · by spintreebob · 12 replies
    MedPage ^ | 5-22-2018 | Joyce Frieden
    A total of 29.3 million Americans (9.1%) were uninsured in 2017 -- not a big change from 2016, but down by 19.3 million from 2010, the year the Affordable Care Act (ACA) became law, a government survey found. Among ethnic groups, Hispanic adults made up the large percentage of the uninsured, at 27.2%, followed by black at 14.1%, non-Hispanic whites at 8.5%, and Asians at 7.6%. All four of these groups had significant drops in their uninsured populations from 2013 through 2017, the survey found. Of those adults under age 65 with private health insurance, 3.7% were covered by plans...
  • Americans report stronger finances in Trump's first year: Federal Reserve

    05/22/2018 1:44:34 PM PDT · by Oldeconomybuyer · 4 replies
    Reuters ^ | May 22, 2018 | by Staff
    WASHINGTON - The share of Americans who report they are doing “at least okay” financially rose in President Donald Trump’s first year in office, according to Federal Reserve data published on Tuesday. The data was in line with other readings detailing America’s long recovery from the 2007-09 recession, including years of mostly steady job growth and a more recent uptick in wages. The U.S. central bank said 74 percent of U.S. adults said their finances were at least okay in 2017, four percentage points higher than in 2016. Improvement was strongest in lower income households.