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Business/Economy (News/Activism)

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  • Accept President Trump and hold him accountable for promised change

    01/22/2017 11:41:54 PM PST · by 2ndDivisionVet · 23 replies
    The Seattle Times ^ | January 20, 2017 | The Editorial Board
    American elected a president who promised change. It’s time to start encouraging him to make changes that benefit everyone. ALTHOUGH it won’t be easy for some, it’s time for Americans to get used to the sound of President Trump. We must now accept his presidency and press him to follow through on his promises to grow the economy, strengthen America and revitalize its middle class. This will require faith and engagement. This editorial board, which endorsed Hillary Clinton for president, and other citizens will be challenged to look beyond Trump’s rhetoric — and troubling tweets — to assess actual policy...
  • Trump posts first order of business – kill the Climate Action Plan and Waters of the U.S. rule

    01/22/2017 10:47:08 PM PST · by Ernest_at_the_Beach · 53 replies
    Watts up with Thar? ^ | o January 20, 2017 | Anthony Watts
    From USAToday:Trump begins with call to kill climate action planWASHINGTON —- As President Trump delivered his inaugural address Friday, his new White House team posted a proposal to eliminate President Obama’s environmental regulations. “For too long, we’ve been held back by burdensome regulations on our energy industry. President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the U.S. rule,” reads the top issue brief on the new president’s White House web site. “ New executive actions are expected later Friday as the nation’s 45th president begins his administration.”At...
  • New Study: Present Sea Surface Temperatures “Indistinguishable” (Truc)

    01/22/2017 8:38:05 PM PST · by Ernest_at_the_Beach · 14 replies
    https://wattsupwiththat.com/ ^ | January 22, 2017 | Bob Tisdale
    Mainstream Media Ignores New Study: Present Sea Surface Temperatures “Indistinguishable” From Those During Last Interglacial… Bob Tisdale / 16 hours ago January 22, 2017 …When Sea Levels Were Roughly 20 to 30 Feet Higher than TodayGuest Post by Bob TisdaleScience recently published Hoffman, et al. (2017) Regional and global sea-surface temperatures during the last interglaciation. Not too surprisingly, the study has been ignored by the mainstream media. Why? As Science writes in their summary (my boldface): Sea surface temperatures of the pastUnderstanding how warm intervals affected sea level in the past is vital for projecting how human activities will affect...
  • Trump to begin renegotiating NAFTA pact soon with Mexico, Canada

    01/22/2017 1:26:13 PM PST · by mdittmar · 15 replies
    Reuters ^ | Jan 22, 2017 | Ayesha Rascoe
    U.S. President Donald Trump said on Sunday he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement."We will be starting negotiations having to do with NAFTA," Trump said at a swearing-in ceremony for his top White House advisers. "We are going to start renegotiating on NAFTA, on immigration and on security at the border."
  • Unsustainable model: Economist says 'balanced budget' adage doesn't work

    01/22/2017 7:13:32 PM PST · by Tolerance Sucks Rocks · 39 replies
    The Montana Standard ^ | January 22, 2017 | Tom Lutey
    BILLINGS -- As bipartisan crowd-pleasers go, few get Montanans nodding more approvingly than calls for a balanced federal budget, which is why U.S. Sen. Steve Daines recently offered a bill forcing his peers to go unpaid unless they reign in spending. “As I travel around Montana, as I did in December wrapping up a 56-county tour, when I talk about this bill, it’s a bill that will literally bring applause from across the state,” Daines told The Gazette. The state of Montana balances its budget. The federal government should do the same, or so goes the narrative that literally every...
  • Mass Exodus From High-Taxes - Which States Did Americans Leave In 2016?

    01/22/2017 5:59:18 PM PST · by SeekAndFind · 18 replies
    Zero Hedge ^ | 01/22/2017 | Submitted by Johnny Kampis via The Foundation for Economic Education,
    Submitted by Johnny Kampis via The Foundation for Economic Education,Migration patterns for 2016 show that Americans tended to move away from high-tax states and into states where residents keep more of what they earn.United Van Lines, the nation’s largest moving company, recently released its annual movers study report showing that South Dakota overtook Oregon as the top inbound destination. Generally, more people moved toward the West, and states in the Northeast saw the largest exodus of residents. The top four outbound states in 2016, in order, were New Jersey, Illinois, New York, and Connecticut.(Photo: Tax Foundation)The Tax Foundation pointed...
  • A Preview Of Trump's Seven Imminent Executive Orders

    01/22/2017 5:48:57 PM PST · by SeekAndFind · 22 replies
    Zero Hedge ^ | 01/22/2017
    Having already signed a (mostly symbolic) executive order on Obamacare on Friday night, urging US agencies to "waive, defer, grant exemptions from, or delay the implementation" of provisions deemed to impose fiscal burdens on states, companies or individuals, Trump is preparing to unload a volley of many more executive orders. Courtesy of Axios, which quotes "one of the best-wired Republican lobbyists in town", here is a preview of the initial round of Trump executive actions, some of which may hit as soon as Sunday afternoon: Look for a possible hiring freeze at executive branch5-year lobbying ban on transition and...
  • Trump to begin renegotiating NAFTA with leaders of Mexico, Canada

    01/22/2017 2:29:38 PM PST · by Innovative · 9 replies
    CNN ^ | Jan. 22, 2017 | Eric Bradner, CNN
    President Donald Trump said Sunday he will begin renegotiating the North American Free Trade Agreement when he meets with the leaders of Canada and Mexico. A central promise of Trump's campaign was that he would revamp the 23-year-old trade pact. At a White House event Sunday, Trump said he had scheduled meetings with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto. "We're going to start some negotiations having to do with NAFTA," Trump said. "Anybody ever hear of NAFTA?" he said. "I ran a campaign somewhat based on NAFTA. But we're going to start renegotiating on NAFTA,...
  • Why The Stock Market Will Romp Under Donald Trump

    01/22/2017 12:54:37 PM PST · by Innovative · 10 replies
    Forbes ^ | Jan. 22, 2017 | Larry Light, Nicholas Atkeson and Andrew Houghton
    Where will the stock market go in the Trump administration? During the Obama presidency, it has advanced nicely, even amid so-so growth. Andrew Houghton and Nicholas Atkeson of Delta Investment Management in San Francisco show us why a bullish view for the market has further to rise. The presidential election cycle occurs every four years, no matter what is going on with the economic cycle and stock market. Barack Obama took office on Jan. 20, 2009. The country had been in recession 14 months, the housing market bubble had popped over a year earlier and the S&P 500 had lost roughly 46%...
  • Official America First Energy Plan embraces $50 trillion in uptapped shale oil and gas

    01/22/2017 9:54:18 AM PST · by Vince Ferrer · 14 replies
    Next Big Future ^ | January 21, 2017 | Brian Wang
    The White House has issued an America First energy Plan: An America First Energy Plan * Goal lower cost of energy * deregulate energy * they embrace shale oil and gas revolution to bring jobs and prosperity to millions of Americans. We must take advantage of the estimated $50 trillion in untapped shale, oil, and natural gas reserves, especially those on federal lands that the American people own. We will use the revenues from energy production to rebuild our roads, schools, bridges and public infrastructure. * wants clean coal technology * will focus EPA on fighting air and water pollution
  • Blue Origin incorporates 3D printed housing, turbine, nozzles, rotors into BE-4 rocket engine

    01/22/2017 8:33:54 AM PST · by Vince Ferrer · 6 replies
    3Ders.org ^ | Jan 20, 2017 | Benedict
    Blue Origin, the aerospace company owned by Amazon founder Jeff Bezos, is using 3D printing to build the BE-4, a next-generation rocket engine fueled by liquefied natural gas. The engine will power Blue Origin’s New Glenn orbital rocket and potentially a United Launch Alliance rocket too. Christmas is an understandably busy time for Amazon, the online megastore and one-stop destination for media, electronics, and last-minute gifts that are guaranteed to arrive by December 24. But now that the festive season is over, founder Jeff Bezos can busy himself with other matters, such as his Washington-based aerospace manufacturing company, Blue Origin....
  • Bloomberg terminals now show Trump tweets: Business preps for Trump

    01/22/2017 7:17:24 AM PST · by GonzoII · 3 replies
    CS Monitor ^ | January 21, 2017 | Mengqi Sun
    The new feature at Bloomberg is another example of how the business world is approaching the Trump presidency and its relationship with social media.  January 21, 2017 —President Donald Trump said at an inauguration ball Friday that he thinks he'll continue tweeting "as a way of bypassing dishonest media." Wall Street is ready.  Bloomberg terminals recently launched a partnership with Twitter, enabling traders to track and trade off Mr. Trump's tweets. The new feature of the financial reporting system is just another example of how the business world is grappling with the new reality of the Trump presidency
  • Fox News Declines to Renew George Will’s Contract

    01/21/2017 9:19:56 PM PST · by monkapotamus · 84 replies
    Breitbart ^ | January 21, 2017 | Katherine Rodriguez
    Fox News has decided not to renew political commentator George Will’s contract.. Will, 75, is a Washington Post columnist who has been with Fox since 2013 and was with ABC from 1981-2011, the Hill reported. Will left the Republican Party in June 2016 over President Donald Trump’s candidacy, after Trump secured the Republican nomination for the presidency. “This is not my party,” Will said at a Federalist Society luncheon. “Make sure he loses. Grit their teeth for four years and win the White House” Trump responded, saying Will was an “overrated” political pundit who has “made many bad calls...”
  • Donald Trump plans new deal for Britain as Theresa May becomes first foreign leader to meet (tr)

    01/21/2017 11:14:48 PM PST · by monkapotamus · 18 replies
    The Telegraph ^ | January 21, 2017 | Christopher Hope and Ben Riley-Smith
    Donald Trump plans new deal for Britain as Theresa May becomes first foreign leader to meet new president since inauguration Donald Trump is planning a new deal for Britain this week as Theresa May becomes the first foreign leader to meet him since the inauguration... The new relationship - which comes with both countries redefining their roles in the world - is due to be cemented with a state visit for Mr Trump in the summer. The US President’s team has made clear he wants a “full Monty” visit that will eclipse the trips of his predecessors in pomp and...
  • Trump Signs Executive Order Curbing Obamacare

    01/21/2017 9:44:56 PM PST · by Tolerance Sucks Rocks · 25 replies
    The Daily Signal ^ | January 20, 2017 | Fred Lucas
    Hours after taking the oath of office, President Donald Trump followed up on his campaign pledge to start chipping away at Obamacare and curb federal regulations. Trump signed an executive order Friday evening in the Oval Office “to ease the burden of Obamacare as we transition to repeal and replace,” White House press secretary Sean Spicer told reporters. White House Chief of Staff Reince Priebus also sent a memo titled “Regulatory Freeze Pending Review” to block all pending regulations under review but not yet in the Federal Register. The new president’s goal is to repeal the Affordable Care Act, better...
  • Larry Elder: Trump 'Disrespects' The Intel Community? What About Obama's Iraq Bug-Out?

    01/20/2017 5:05:31 AM PST · by expat_panama · 14 replies
    Investors Business Daily ^ | Jan. 19, 2017 5:00 AM ET | LARRY ELDER
    President Obama and his team still engage in a hissy fit over Donald Trump's questioning Obama's place of birth... ...in 2000, a number of disgruntled Democrats referred to him as "President Select." Now President-elect Trump is being hammered over his refusal to except the intelligence community's consensus about Russia's alleged role in the election. All of the intel agencies maintain that the Russian government attempted to influence our election, and that Russia preferred Trump over Hillary Clinton. From the outset, Trump doubted both the argument that Russia hacked the Democratic National Committee and that the release of damaging emails was...
  • Donald Trump’s inauguration set to unleash a cascade of stock-market anxiety

    01/20/2017 5:05:27 AM PST · by expat_panama · 31 replies
    Market Watch ^ | Jan 20, 2017 7:27 a.m. ET | Mark DeCambre
    The day of reckoning for the Wall Street is nearly here. Donald Trump is set to be sworn in as leader of the free world and the level of consternation in the market is palpable. That is not to say that equities won’t continue to carve out fresh records, spurred by animal spirits; or that Trump’s promise to “make America great again” won’t come to fruition, leading to halcyon days for investors from the lowest sociopolitical rung to the deepest-pocketed 1%... ...“I’m dying to look back at this and like the outcome,” Blankfein said on Wednesday during an interview on...
  • Norwegian bank tests 'Islamic loan' concept

    01/20/2017 4:59:58 AM PST · by markomalley · 18 replies
    Norwegian bank Storebrand is offering new ‘halal loans’ based on Islamic principles. The bank recently created a website promoting ‘ethical loans’ for home financing without interest.    The bank writes that it is testing the idea of interest-free loans in part to appeal to Muslim home buyers who may not want to accept a traditional loan because of their faith. Islam prohibits charging interest or fees on financial loans.    “We wanted to find out if there could be another way to enter a housing market with rising prices. The product could appeal to young people, new graduates or people...
  • Soros: Trump a 'would-be dictator' who will rattle markets

    01/19/2017 5:07:09 PM PST · by Olog-hai · 52 replies
    Associated Press ^ | Jan 19, 2017 6:43 PM EST
    Billionaire investor George Soros said Thursday he views President-elect Donald Trump as an “impostor and con man and a would-be dictator” who will rattle financial markets. Soros, a big supporter of Hillary Clinton’s failed presidential campaign, said he is confident Trump will be checked by Congress and the Constitution. […] “I personally am convinced that (Trump) is going to fail,” Soros said. “Not because of people like me who would like him to fail, but because the ideas that guide him are inherently self-contradictory.” …
  • Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

    01/19/2017 4:59:53 PM PST · by Cheerio · 23 replies
    CNS Newa ^ | January 19, 2017 | Terence P. Jeffrey
    President Barack Obama will leave the federal government approximately $9,335,000,000,000 deeper in debt than it was when he took office eight years ago, according to data released today by the U.S. Treasury. The increased debt incurred under Obama equals approximately $75,129 for every person in the United States who had a full-time job in December. The $9,334,590,089,060.56 that the debt had increased under Obama as of the close of business on Wednesday is far more debt than was accumulated by any previous president. It equals nearly twice as much as the $4,889,100,310,609.44 in additional debt that piled up during the...