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Business/Economy (News/Activism)

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  • The ‘Old and Relentless’: The Clinton soap opera continues

    05/21/2015 9:32:11 AM PDT · by afraidfortherepublic · 5 replies
    The Washington Times ^ | 5-19-15 | Charles Hurt
    ANALYSIS/OPINION: Welcome, ladies and gentlemen, to the longest-running Southern Gothic soap opera in American history! It is a mix of "Days of Our Lives," "Dr. Phil," "The Sopranos," "Oprah" and "Judge Judy" all rolled into one, long, endless saga called "The Clintons — a Tale of Naked Ambition, Unquenchable Libido, Towering Greed and Their Desperation to be a Part of Every American's Life as Long as We Live." It is about 20 years on from being "The Young and the Restless." It has become "The Old and Relentless." Washed Up. Won't stop talking. Won't stop spinning. Won't stop lying. Won't...
  • Denmark Preparing to be the First to Eliminate Cash

    05/21/2015 9:25:35 AM PDT · by Mad Dawgg · 31 replies
    Armstrong Economics.com ^ | May 19, 201 | Martin Armstrong
    Denmark is not part of the euro; they have their own currency, the krone. So far, they appear likely to become the first country to abolish cash. The Danish government is currently pushing to free some stores, restaurants, and petrol stations from accepting cash payments as Britain was testing last year in Manchester. The Danish government is currently are proposing to scrap cash transactions entirely as part of a package of cost-saving measures introduced ahead of the Danish election in September.
  • Obama says the DUMBEST THING EVER to protect ‘peaceful’ Islam

    05/21/2015 8:49:31 AM PDT · by Enlightened1 · 33 replies
    Obama has been on a mission trying to protect his ‘peaceful’ Islam since he’s been in office, but he’s ramped it up with the advent of ISIS. Today in a speech somewhere, he actually suggested Climate Change led to the creation of ISIS and Boko Haram: Obama knows the people who listen to him are uneducated idiots who will believe anything he says, no matter how stupid. And this is about as dumb as it gets.
  • Arlington community enraged over new firearm shop opening in Cherrydale

    05/21/2015 8:47:26 AM PDT · by rktman · 17 replies
    wjla.com ^ | 5/21/2015 | Jay Korff
    An Arlington strip mall off Lee Highway in the Cherrydale community has everything from restaurants to salons to a frame shop.
  • BUSTED: Paul Krugman removed 20 yrs of data from chart to show correlation that wasn't really there

    05/21/2015 8:30:02 AM PDT · by SeekAndFind · 25 replies
    Business Insider ^ | 05/21/2015 | CULLEN ROCHE, PRAGMATIC CAPITALISM
    Someone sent me an email Wednesday evening with some details on the Paul Krugman response to James Montier, which I discussed here. I had previously stated that the Krugman response was lacking meat. But it's actually worse than that. It's actually highly misleading and appears intentionally so. In the post, Dr. Krugman tries to show how much interest rates matter by comparing the Fed Funds Rate with Housing Starts. He shows a chart and declares that there appears to be a strong correlation. Except, as this emailer notes, he appears to have shifted the chart to make it appear as...
  • Soros sees risk of another world war

    05/21/2015 8:16:57 AM PDT · by Enlightened1 · 39 replies
    Market Watch ^ | 05/19/15
    Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war “If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war,” Soros said. Military spending is on the rise in Russia and China, he said. To avoid this scenario, Soros called on the U.S. to make a “major concession” and allow China’s currency to join the International Monetary Fund’s basket of currencies. This would make the yuan a potential rival...
  • Fort Knox first military post to go 'off the grid'

    05/21/2015 8:06:38 AM PDT · by Enlightened1 · 12 replies
    After tapping into solar, wind, geothermal and now natural gas resources on post, Fort Knox has become the first U.S. military installation to go “off the grid.” The installation announced Wednesday it added 28 natural gas wells to its arsenal of energy-creating sources which already includes almost 6,000 geothermal wells, two wind turbines and 3.59 megawatts of solar panels. With the additions, Fort Knox will be able to produce more energy than it needs — about 44 megawatts a day. It typically uses about 20 daily, but has approached 50 before, officials said. With that kind of power, when Hardin...
  • U.S. Jobless Claims Rise, But Still Point to Growing Labor Market

    05/21/2015 7:59:01 AM PDT · by SeekAndFind · 7 replies
    Wall Street Journal ^ | 05/21/2015 | BEN LEUBSDORF
    WASHINGTON—The number of Americans applying for first-time unemployment benefits rose last week, but remained at a historically low level consistent with an improving labor market. Initial jobless claims, a proxy for layoffs across the economy, increased by 10,000 to a seasonally adjusted 274,000 in the week ended May 16, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected 271,000 new claims. “U.S. labor market momentum remains solid in mid-May,” Barclays economist Jesse Hurwitz said in a note to clients. The prior week’s claims were left unrevised at 264,000. The Labor Department said no special factors...
  • You Won’t Believe What These Hillary Supporters Said About Her Accomplishments

    05/21/2015 7:51:45 AM PDT · by Cincinatus' Wife · 15 replies
    1:00 video "......The only thing of value that was mentioned was that Hillary is not Scott Walker. No, she is not indeed. The Wisconsin Governor has a reputation for fulfilling his objectives without seeking media approval. Hillary is definitely not Scott Walker. If Hillary isn’t even viewed as having accomplished anything as Secretary of State, how can she persuade the general electorate to vote for her?
  • The ‘low-wage recovery’ is a myth

    05/21/2015 7:43:44 AM PDT · by SeekAndFind · 12 replies
    Washington Post ^ | 05/21/2015 | Robert Samuelson
    Guess what? This isn’t a low-wage job recovery. Listen to the media, and you might think that the only kind of jobs being created are in fast-food restaurants and retail chains. It turns out that this is wildly misleading and that the economy’s employment profile — the split between high- and low-paying jobs — hasn’t changed much since the recession or, indeed, the turn of the century. Put differently, the share of high-wage jobs is just below one-third of all employment, roughly where it was in 2000 and 2007 — the last year before the financial crisis. Similarly, the share...
  • Los Angeles' Minimum-Wage Hike Is A Job Killer

    05/21/2015 7:09:38 AM PDT · by SeekAndFind · 39 replies
    IBD ^ | 05/21/2015
    "L.A.'s Big Raise For Working Poor," read the Los Angeles Times' front-page headline a day after the City Council passed a $15-an-hour minimum wage. It should have read, "L.A.'s Big Disaster For Working Poor." The moral preening of the City of Angels' leftist political elites after the 14-1 vote comes with a hefty price tag. Forcing employers to pay what politicians believe is fair rather than what the market says is fair will cost many workers their jobs and force them onto welfare. "Today the city of Los Angeles, the second-biggest city in the nation, is leading the nation," said...
  • Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’

    05/21/2015 7:08:19 AM PDT · by Enlightened1 · 17 replies
    The Economic Collapse ^ | 05/20/15 | Michael Snyder
    The Greek government says that a “moment of truth” is coming on June 5th. Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF. Of course it won’t technically be a “default” according to IMF rules for another 30 days after that, but without a doubt news that Greece cannot pay will send shockwaves throughout the financial world. At that point, those holding Greek bonds will start to panic as they realize that they might not get paid as well. All over Europe, there...
  • Teamsters spend big on politics while preparing to cut pensions

    05/21/2015 6:25:39 AM PDT · by rktman · 13 replies
    washingtontimes.com ^ | 5/20/2015 | Jeffrey Scott Shapiro
    The Teamsters have begun informing retirees and current workers that their pension benefits may soon be cut, the final ironic twist to a lobbying campaign that saw the union spend its own members' dollars to win the right to shrink their retirement pay. The somber notifications began going out from the Teamsters Central States Health and Welfare Pension Fund this spring, a decision that could ultimately affect 410,000 current pension participants and a total of more than 10 million U.S. workers nationwide. Cuts could begin as early as next year.
  • Trek urges Wisconsin cyclists to oppose governor's proposed budget cuts and bike tax

    05/21/2015 1:05:24 AM PDT · by Cincinatus' Wife · 45 replies
    Industry News, Bicycle Retailer ^ | May 20, 2015 | Brain Staff
    "I think the reason these anti-bike policies are being proposed is it’s a red-meat issue for a lot of Republicans," Bike Fed executive director Dave Cieslewicz told Madison.com. "They have stereotypes about what cyclists are and they don’t see them as their voters. They see attacks on cycling as politically beneficial." WATERLOO, Wis. (BRAIN) — Trek Bicycle's president, John Burke, is urging Wisconsin cyclists to contact their state lawmakers in support of the state's Complete Streets Law, which Gov. Scott Walker has proposed eliminating. Burke, in an email sent this week, also urged them to oppose a $25 state bicycle...
  • This Planned Parenthood Clinic Injured Four Women in Botched Abortions in 30 Days

    05/20/2015 8:13:57 PM PDT · by kathsua · 3 replies
    Life News ^ | May 20, 2015 | Cheryl Sullenger
    227 46 1 As Infowars.com is launching a protest at Planned Parenthood in Austin, Texas, Operation Rescue has released four 911 records related to medical emergencies at Planned Parenthood’s abortion facility in Houston. The 911 calls were placed on January 31, February 6, February 25, and February 26, 2015. (Listen to the four calls by going here). According to the Infowars.com web site, “Infowarriors and pro-life activists are encouraged to come and peacefully protest Planned Parenthood’s admitted targeting of the black community and all innocent children, as outlined by founder Margaret Sanger.” Protest Details: Time: 11 a.m. to 2 p.m....
  • Zuckerberg Ally: Americans Losing Jobs To Foreigners: ‘This Is What...Whole Country Is Built On’

    05/20/2015 6:56:09 PM PDT · by Freedom56v2 · 109 replies
    Daily Caller ^ | May 9, 2015 | Rachel Stoltzfoos
    A venture capitalist associated with Mark Zuckerberg’s immigration lobbying group Fwd.us insulted American workers who lost their job to foreigners at a recent immigration event, saying they got what they deserved. “You know, I’m relatively crude on that,” capitalist Lars Dalgaard said at the National Journal event that was partly sponsored by Fwd.us, which lobbies for more legal immigration and a pathway to citizenship for illegal immigrants. “It’s like, if you want the job, make yourself able to get the job, you know?” Dalgaard, who Fwd.us boasts is one of its “major contributors,” had been asked by the Journal’s Niharika...
  • Series of oil spill settlements include BP, Halliburton, Transocean, numerous plaintiffs

    05/20/2015 6:25:28 PM PDT · by Oliviaforever · 1 replies
    Fox News ^ | 5/20/15
    NEW ORLEANS – A committee of lawyers representing businesses and individuals claiming damages from the 2010 Gulf of Mexico oil spill announced a $211 million settlement Wednesday with Transocean Ltd., owner of the ill-fated Deepwater Horizon drilling rig.
  • Report: Elizabeth Warren Did Not Disclose $1.3 Million Credit Line From Bank Of America

    05/20/2015 5:43:03 PM PDT · by blueyon · 39 replies
    TheDC ^ | 5/20/15 | Alex Pappas
    Massachusetts Sen. Elizabeth Warren, the populist Democrat and foe of big banks, has not listed a $1.3 million credit line against her home with Bank of America on annual financial disclosure documents because of a loophole in federal law, according to a new report. The Boston Herald reported Wednesday that Warren, who is required to disclose financial assets and liabilities, avoided listing it in 2014 because it’s a line of credit — not a mortgage — and the Democrat doesn’t actually owe enough money yet. Here’s how the Democrat’s office explained the situation to the Boston Herald: “An aide for...
  • FBI Director Blasts Tech Companies Fighting for Encryption

    05/20/2015 4:11:56 PM PDT · by markomalley · 29 replies
    Nextgov ^ | 5/20/15
    FBI Director James Comey fired back on Wednesday at Silicon Valley companies that are calling for stronger encryption of their products. "Some prominent folks wrote a letter to the president yesterday that I frankly found depressing," Comey said in a discussion at Georgetown University Law Center, referring to a letter signed by Apple, Google, Facebook, Microsoft, and other companies, as well as civil-liberties groups and Internet-security experts. "Their letter contains no acknowledgment that there are societal costs to universal encryption." There can be benefits to securing devices from hackers, Comey acknowledged, but he argued there are also "tremendous costs" to...
  • A Shameless Train Of Thought - Dems Exploit Amtreak Crash

    05/20/2015 3:24:47 PM PDT · by raptor22 · 13 replies
    American Thinker ^ | May 20, 2015 | Daniel John Sobieski
    Former White House Chief of Staff and currently mayor of Chicago, Rahm Emanuel, whose city is rushing to be the next Detroit after decades of big government excesses, once said that a crisis was a terrible thing to waste since it allows you to get things done you couldn’t get done in a saner atmosphere. The Amtrak derailment outside Philadelphia is the latest case in point. Never mind that the Antrak train that crashed outside Philadelphia, killing seven, was being driven at 106 miles per hour around a curve that was designed for 50 or that the “positive train control”...