Business/Economy (News/Activism)

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  • Obama Fail!

    04/18/2013 3:30:29 PM PDT · by servo1969 · 12 replies
    townhall.com ^ | 4-18-2013 | Neal Boortz
    You know what it comes down to, Barry-0? People don’t trust you. Simple as that. Oh … certainly you do have your supporters. It’s not that NOBODY trusts you .... just most productive Americans above the median IQ. The moochers, leaches and parasites still trust you … they trust you to keep forking over the government checks. When the checks stop coming … when they find that a change of regimes in Washington will necessitate their actually becoming marginally productive again … their fealty to their long-gone here, the great and powerful 0bama, will fade to resentment and scorn. Your...
  • Hobby Lobby Raises Minimum Wage to $14 for Full-Time Employees

    04/18/2013 3:10:41 PM PDT · by SeekAndFind · 9 replies
    Christian Post ^ | 04/18/2013 | By Leonardo Blair
    Arts and crafts giant Hobby Lobby Stores Inc. announced on Monday that effective immediately, the minimum wage for its full-time hourly employees at its stores and affiliate Hemisphere was increased to $14. The hourly wage for part-time employees was also increased to $9.50. In a report on Thursday, founder and CEO of the company David Green said the decision was simply an acknowledgement of the hard work and dedication of his employees. "We are very fortunate to be able to increase hourly wages for our employees, because we know our company would not be successful without the great work they...
  • George Soros, enigmatic financier, liberal philanthropist dies at XX

    04/18/2013 2:55:13 PM PDT · by tje · 57 replies
    Rooters ^ | Thu Apr 18, 2013 5:41pm EDT | Todd Eastham
    Reuters) - George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.
  • Singles swing into retirement with little savings

    04/18/2013 1:32:55 PM PDT · by Hojczyk · 33 replies
    Maket Watch ^ | April 18, 2013 | Robert Powell
    If you think it’s hard saving for retirement as a couple, trying doing it as a single. According to a study—described by one expert as the most intriguing of 2012—the amount of money singles in their late 60s have saved up for retirement is dramatically less than that of married-couple households. In fact, the median married household had in 2008 nearly 10 times more saved up for retirement than the median single-person household, $111,600 vs. $12,500. (Savings, for the record, included 401(k)s and IRAs and all taxable savings and investment accounts, but it did not include Social Security, pensions, or...
  • CISPA passes U.S. House: Death of the Fourth Amendment? (Cybersecurity)

    04/18/2013 12:34:57 PM PDT · by illiac · 19 replies
    ZD Net ^ | 4/18/13 | Zack Whittacker
    The controversial Cyber Intelligence Sharing and Protection Act (CISPA) just passed the U.S. House, and will now head to the upper Senate chamber for further deliberation. Rinse and repeat. This isn't the first time this has happened, but it still poses a major threat to Fourth Amendment rights, according to civil liberties campaigners. The bill was passed 288-127 in favor of the bill after two days of debate and discussion on the House floor. Only 18 members of the House abstained from the vote. CISPA will allow private sector firms to search personal and sensitive user data of ordinary U.S....
  • Reid to shelve gun bill (and try again later)

    04/18/2013 12:20:37 PM PDT · by pabianice · 21 replies
    CNN ^ | 4/18/13 | Bash
    (CNN) - Senate Majority Leader Harry Reid said Thursday he'll set aside proposed gun legislation without a final vote following the defeat a day earlier of major provisions sought by President Barack Obama and Democrats in the aftermath of the Newtown school massacre. "(Obama) and I agreed that the best way to keep working towards passing a background check bill is to hit pause, and freeze the background check bill where it is," he said on the Senate floor. "This will allow senators to keep negotiating."A Senate Democratic leadership aide said Reid can bring up the package of gun proposals...
  • Computer scientists design new keyboard layout on touch screen devices (w/ video)

    04/18/2013 10:46:06 AM PDT · by Red Badger · 22 replies
    Phys.Org ^ | 17 April 2013 | Staff / Provided by Max Planck Society
    The research team of Antti Oulasvirta at the Max Planck Institute for Informatics has created a new keyboard called KALQ that enables faster thumb-typing on touchscreen devices. They used computational optimization techniques in conjunction with a model of thumb movement to search among millions of potential layouts before identifying one that yields superior performance. A user study confirmed that, after a short amount of practice, users could type 34% faster than they could with a QWERTY layout. Typing on today's mobile phones and tablets is needlessly slow. One limitation is that the QWERTY layout is ill-suited for tablets and other...
  • How the Media Blew the Gun Control Debate

    04/18/2013 10:36:58 AM PDT · by servo1969 · 21 replies
    breitbart.com/Big-Journalism ^ | 4-18-2013 | John Nolte
    The first mistake the media-complex made was the decision to immediately make the National Rifle Association the "Newtown Bogeyman." This happened even before the bodies had been removed and was an immediate "tell" into the media's motives. This wasn't going to be about protecting children, this was going to be yet-another culture war launched to marginalize the dreaded NRA and hand Obama a win. This was also a media so full of its own power, they simply assumed they could exploit another tragedy into yet-another another Us vs. Them cultural victory. Out of the box, though, the plan was tactically...
  • Supreme Court Curbs Lawsuits Over Foreign Abuses

    04/18/2013 9:42:01 AM PDT · by oxcart · 4 replies
    NPR ^ | 03/18/13 | Nina Totenberg
    The U.S. Supreme Court dealt a blow to human-rights advocates Wednesday, in a case that was closely watched globally by human-rights groups and foreign governments. The court limited the reach of a 224-year-old federal law that in recent decades has been used to hold foreign corporations and individuals accountable in U.S. courts for human-rights abuses abroad. shut down a lawsuit brought by Nigerian citizens now living in the United States who sued Royal Dutch Petroleum, an Anglo-Dutch company, for allegedly aiding Nigerian forces in a violent crackdown in their country. Although the justices unanimously agreed the lawsuit could not go...
  • Sen. Warner: ‘Debt Greater Threat Than Any Terrorist Action’

    04/18/2013 8:55:54 AM PDT · by Olog-hai · 11 replies
    Newsmax ^ | Thursday, 18 Apr 2013 11:24 AM | Courtney Coren
    Just one day after the Boston Marathon bombings, Sen. Mark Warner said fiscal troubles hamstringing the nation are a greater threat to Americans’ well-being than terrorism. “In my mind, with the tragedy of yesterday, the issue of this national debt is a greater threat to our nation and our future than any terrorist action,” the Virginia Democrat told an audience at an awards dinner in Washington Tuesday night, Politico reported. “We will not be destroyed from the outside.” …
  • Obama's Proposed Student Loan Debt Remedy Carries a Hidden Trap

    04/18/2013 8:45:49 AM PDT · by SeekAndFind · 14 replies
    Daily Finance ^ | 04/16/2013 | by Bruce Watson
    America's student loan debt problem is nothing new: For years, the media has been offering up a flood of stories about people facing decades of debt repayment and crushing interest rates. But with tuitions still rising and employment options for college grads still stagnating, America's potential "student loan bubble" is making many experts increasingly jittery. President Obama's recent budget proposal includes a new plan to tackle the problem, but some critics worry that it could leave students in even worse shape. Pay As You Earn, President Obama's first stab at the student loan issue, came late last year. The...
  • After Six Months, Unemployment Turns Into Permanent Unemployment (USA looking like Europe)

    04/18/2013 8:38:48 AM PDT · by SeekAndFind · 8 replies
    Forbes ^ | 04/18/2013 | Tim Worstall
    New research shows that when people have been unemployed for more than six months then employers simply won’t look at them as potential hires. Thus six months of unemployment risks turning into permanent unemployment. This is indeed a problem but one problem with the finding is that it simply isn’t new. It’s been well known over in Europe for decades now. And what it does mean is that the US is going to have to start looking at what Europe has been doing about this very problem. There’s a piece on the new research at the Atlantic and also by...
  • Is Flash Market Crash Coming?

    04/18/2013 8:13:00 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | April 18, 2013 | John Ransom
    If one were to take a look at the technical signals for the market, there are plenty of reasons to be concerned here. The market came close to breaking support levels earlier this week on strong, convincing volume. Currently the market is trading below it’s 20-day moving average at 1552 and need only give up another 11 points before it’s broken its 50-day moving average. Normally that’s a cause for anxious waiting. The news on economic front continues to be worrisome as well. Slowing growth in China, European economic stagnation and mixed earnings here at home are signaling that downward...
  • With Many Positions to Fill, Employers Wait for Perfection

    04/18/2013 6:44:35 AM PDT · by SeekAndFind · 53 replies
    New York Times ^ | 03/06/2013 | By CATHERINE RAMPELL
    American employers have a variety of job vacancies, piles of cash and countless well-qualified candidates. But despite a slowly improving economy, many companies remain reluctant to actually hire, stringing job applicants along for weeks or months before they make a decision. If they ever do. The number of job openings has increased to levels not seen since the height of the financial crisis, but vacancies are staying unfilled much longer than they used to — an average of 23 business days today compared to a low of 15 in mid-2009, according to a new measure of Labor Department data by...
  • Gun Law Voted Down and Liberals Are Upset (Video)(I love this guy.)

    04/18/2013 6:26:21 AM PDT · by servo1969 · 13 replies
    YouTube.com ^ | 4-17-2013 | ET Williams
    ET Williams discusses how Obama shows no emotion when talking about deaths in Benghazi or Sandy Hook but is visibly angry when his gun-control bill gets shot down in the Senate. "Gun Law Voted Down and Liberals Are Upset. Barrack Obama Is Angry Now. Gun Control Advocates are Upset. Michael Bloomberg Is Mad. Joseph Biden is sad. Al Sharpton Is Disappointed. We the people have spoken."
  • US Initial Jobless Claims Rise By 4,000 To 352,000 As Hiring Remains Modest

    04/18/2013 6:24:03 AM PDT · by SeekAndFind · 8 replies
    International Business Times ^ | 04/18/2013 | By Moran Zhang
    The number of Americans filing new claims for jobless benefits rose last week, signaling little improvement in a soft U.S. labor market, though broadly in line with analyst expectations. In the week ended April 13, applications for unemployment insurance payments increased by 4,000 to 352,000, the Labor Department said Thursday. That's the highest level in two months. Economists surveyed by Reuters expected claims to rise to 350,000 from the prior week's upwardly revised figure of 348,000. The four-week moving average, which normally provides a better indication of the underlying trend in labor markets than the weekly number of jobless claims,...
  • Jobless claims rise marginally last week

    04/18/2013 5:53:47 AM PDT · by John W · 14 replies
    Reuters ^ | Reuters
    (Reuters) - The number of Americans filing new claims for unemployment benefits rose slightly last week, which could further allay fears of a major setback in the labor market recovery. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 352,000 the Labor Department said on Thursday. The prior week's number was revised to show 2,000 more applications than previously reported. The four-week moving average for new claims, a better measure of labor market trends, rose 2,750 to 361,250.
  • 'Progressive' Ad Rips Auto Insurance 'Rate Suckers'—So How About Health Insurance?

    04/18/2013 4:48:14 AM PDT · by governsleastgovernsbest · 11 replies
    NewsBusters ^ | Mark Finkelstein
    In the health-care insurance debate, one of the mantras of the left is to condemn those evil, greedy insurance companies that would charge higher rates to people with "pre-existing conditions." But in a commercial aired on last night's Rachel Maddow Show on MSNBC, there was "Progressive Insurance," whose chairman Peter Lewis is a huge donor to liberal causes including Moveon.org, condemning as "rate suckers" people with bad driving records who drive up good drivers' rates! View the video here.
  • Harry Reid wants online sales tax on Senate floor (wants to bypass Baucus)

    04/18/2013 4:01:45 AM PDT · by Perdogg · 30 replies
    A state online sales tax fix may leapfrog its way right to the Senate floor. Majority Leader Harry Reid began the process late Tuesday that would allow the bill, known as the Marketplace Fairness Act, to come before the full chamber without first going through the Senate Finance Committee — whose leaders largely dislike the proposal.
  • Daily investment & finance & thread (4-18-13 edition)

    04/18/2013 1:45:33 AM PDT · by dennisw · 45 replies
    4-18-13
    Daily investment & finance & thread (4-18-13 edition) ----  Freepers lets make some cash Trying to focus on the markets for today and each day and the economic news This is where you can impart some investment wisdom to your fellow freepers.  You can vent about the big one that got away.  How Obama is out to wreck American capitalism.If you see another FR economic thread you like and want to link to it here, please do Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sitesApmex.com is a solid place with good reputation...