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Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Philippines Sends A Stark Warning To China Over South China Sea Dispute

    08/29/2016 9:34:04 PM PDT · by jcon40 · 13 replies
    Forbes.com ^ | Aug 28, 2016 | Panos Mourdoukoutas
    South China Sea disputes are turning worse. Last week, Philippines’ President Rodrigo Duterte had a loud and clear message for China: Stay away from our territory or else it could be a “bloody” confrontation. Philippines’s warning comes shortly before China hosts the G20 Leaders’ Summit in the eastern city of Hangzhou on 4-5 September, and one week after a Japan Times editorial revealed that China has set a “red line” for Japan in the South China Sea. China warned Japan “not send Self-Defense Forces to join U.S. operations that test the freedom of navigation in the disputed South China Sea....
  • How Republicans in Congress Would Respond to Big-Spending Infrastructure Push

    08/29/2016 8:55:10 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Daily Signal ^ | August 26, 2016 | Josh Siegel
    Fresh after Congress and the White House scored the largest transportation spending package in a decade, both presidential candidates this year are proposing billions in funding to rebuild the nation’s infrastructure. While both Hillary Clinton and Donald Trump—and the parties they represent—agree the nation’s roads, bridges, airports, rail system, and ports are in need of repair, the new proposals invite familiar questions over how the spending would be paid for, and whether the federal government is the best provider to pay for it. Those questions, and the lack of a must-pass infrastructure initiative requiring Congress’ attention in 2017, mean that...
  • California Assembly OKs bill hiking overtime for farmworkers

    08/29/2016 6:57:21 PM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Aug 29, 2016 8:03 PM EDT | Alison Noon
    Four decades after he signed the nation’s first law giving farmworkers collective bargaining rights, California Gov. Jerry Brown will again consider a historic proposal calling for farmworkers to receive the same overtime pay as other hourly workers, after the Assembly approved legislation Monday to phase in the change. California employers are already mandated to pay time-and-a half to farmworkers after 10 hours in a day or 60 hours in a week. That’s longer than the overtime pay for all other workers, who get it after eight hours in a day or 40 hours a week. The Assembly passed the proposal...
  • Socialist presidential candidate Gloria La Riva: We salute Colin Kaepernick

    08/29/2016 5:37:59 PM PDT · by GuavaCheesePuff · 24 replies
    Liberation ^ | August 27, 2016 | Liberation Staff
    “Kaepernick’s action was a righteous protest against the epidemic of racism and police brutality in this country,” said Gloria La Riva. “As a socialist and proud, long-time resident of San Francisco, I salute the stand taken by SF 49ers Quarterback Colin Kaepernick, who refused to stand for the National Anthem at Friday night’s game. La Riva spoke from her San Francisco office in California where she is running for U.S. President as the Peace and Freedom Party candidate. Out of the five candidates on the California ballot, she is the only worker, only person of color and only socialist. She...
  • German Savers Lose Faith in Banks, Stash Cash at Home

    08/29/2016 4:47:59 PM PDT · by ameribbean expat · 21 replies
    HAMBURG—German savers are leaving the security of savings banks for what many now consider an even safer place to park their cash: home safes.
  • BAE Systems Sells Internet Surveillance Gear to United Arab Emirates

    08/29/2016 4:22:26 PM PDT · by Lorianne · 5 replies
    Intercept, the ^ | 26 April 2016 | Jenna McLaughlin
    A Danish subsidiary of British defense contractor BAE Systems is selling an internet surveillance package to the government of the United Arab Emirates, a country known for spying on, imprisoning, and torturing dissidents and activists, according to documents obtained by Lasse Skou Andersen of the Danish newspaper Dagbladet Information. The documents from the Danish Business Authority reveal an ongoing contract between the defense conglomerate, BAE Systems Applied Intelligence A/S, and the Middle Eastern oil federation dating back to at least December 2014. The contract describes an internet surveillance product capable of deep packet inspection — “IP monitoring and data analysis”...
  • Bombardier hands out pink slips as part of effort to cut 7,000 workers

    08/29/2016 3:03:27 PM PDT · by Lorianne · 17 replies
    Financial Post ^ | 26 August 2016
    Bombardier handed out pink slips Friday to aerospace employees in Montreal as part of its efforts announced in February to trim 7,000 workers over two years. The Montreal-based company declined to say how many workers were being affected by the latest layoff notices, how many cuts have already been made, or what aircraft programs are being affected. Mark Masluch, spokesman for Bombardier business jets, said the layoffs are a continuation of the “workforce optimization” plan being implemented across the company. The union representing machinists said the uncertainty about efforts to save jobs is creating frustration for workers. It warned last...
  • Global central bankers, stuck at zero, unite in plea for help from governments

    08/29/2016 2:56:08 PM PDT · by Lorianne · 18 replies
    Reuters ^ | 28 August 2016 | Howard Schneider
    Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help. Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural...
  • Pemex Collapse Threatens Biggest Banks in Mexico (Big-oil bailout already under way)

    08/29/2016 2:53:37 PM PDT · by Lorianne · 12 replies
    Wolf Street ^ | 26 August 2016 | Don Quijones
    These days, the trend is not Pemex’s friend. Mexico’s loss-leading, debt-swamped, state-owned oil giant company announced that in July it had imported 554,000 barrels of oil a day — its highest monthly volume of imports since public records began in 1990. In total, two-thirds of all the oil Mexico consumed in July was imported — a staggering statistic for a country that until not so long ago was home to one of the largest oil fields in the world, the Cantarell. Pemex also acknowledged that its crude production fell a further 5% in July while its natural gas production shrunk...
  • Welcome To The Third World, Part 18: Pensions Overwhelm Public Services

    08/29/2016 2:48:12 PM PDT · by Lorianne · 12 replies
    Dollar Collapse ^ | 26 August 2016
    Citizens of the developed world are watching Venezuela’s descent into financial and political chaos mostly, it seems, with amused detachment, safe in the assumption that we’ll never end up hunting our cats and dogs for food. But – since Europe, Japan and the US are making essentially the same mistakes as Venezuela’s past and present governments – we might want to question that certainty. Consider what’s happening in the third biggest US city: Chicago’s detective force dwindles as murder rate soars [see excerpt at source] Why should a city as apparently affluent as Chicago have such a nightmarish crime situation?...
  • EU likely to hand Apple Irish tax bill of over 1 bln euro- source

    08/29/2016 2:24:06 PM PDT · by Swordmaker · 18 replies
    News Trust (Reuters) ^ | August 29, 2016 | by Ralph Boulton
    DUBLIN, Aug 29 (Reuters) - The European Commission will rule against Ireland's tax dealings with Apple on Tuesday, two source familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes. The Commission declined to comment on Monday. The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs. Apple and Ireland rejected the accusation and have both said they will appeal any adverse ruling. The source said...
  • Report: Google Is Censoring Search Results About Hillary Clinton's Health

    08/29/2016 1:31:04 PM PDT · by Trump20162020 · 42 replies
    Fox News ^ | August 28, 2016 | Staff
    Google is being accused of burying internet searches about Hillary Clinton's health. A new report says the web's most popular search engine returns search suggestions that have nothing to do with recent rumors and allegations about the Democratic presidential nominee's health issues.
  • [Failed] Colorado Anti-Fracking Ballot Measure Has ‘Potentially Forged’ Signatures

    08/29/2016 12:51:05 PM PDT · by snarkpup · 3 replies
    BOE Report ^ | August 29, 201611:50 AM | Michael Bastasch
    Colorado officials identified “several potentially forged signature lines” on a failed ballot anti-fracking ballot measure pushed by environmental activists to restrict drilling inside state lines. Officials said “No. 78,” a measure calling for a 2,500-foot setback on hydraulic fracturing, may have had forged signatures, and Colorado State Department officials “referred the questionable section to the Attorney General’s office for investigation.” Secretary of State Wayne Williams announced Monday that “two proposed ballot measures aimed at adding more limitations on oil and natural gas drilling in Colorado failed to make the November ballot because supporters didn’t collect enough valid voter signatures.” Both...
  • Montana plane crash kills 'Ice Road Truckers' TV show star

    08/29/2016 9:34:10 AM PDT · by KeyLargo · 20 replies
    Yahoo News ^ | 8/29/2016
    <p>MISSOULA, Mont. (AP) — A plane crash in western Montana has killed a star of the History channel reality show "Ice Road Truckers" and another man.</p> <p>History spokeswoman Susan Ievoli confirmed Monday that 52-year-old Darrell Ward died Sunday in the fiery crash on the shoulder of Interstate 90, southeast of Missoula.</p>
  • Three Reasons Why Popular Support for “Universal Background Checks” Doesn’t Matter

    08/29/2016 8:53:53 AM PDT · by rktman · 12 replies
    thetruthaboutguns.com ^ | 8/28/2016 | Robert Farago
    "When it comes to gun control and the Second Amendment, Democrats and Republicans are deeply divided except for a few safety measures such as background checks on gun sales,” huffingtonpost.com reports, analyzing a Pew Research report released Friday. (Click here to read.) Pew examines the pew-pew views of Trump and Clinton supporters. The results aren’t surprising, but they are revealing. Both candidates’ supporters favor “background checks for private and gun show sales” by a wide margin. Here are three reasons why the supposedly pro-gun Trump voters’ support for “universal background checks” (UBC’s) is irrelevant.
  • New [Microsoft] resources to report hate speech, request content reinstatement

    08/29/2016 8:27:24 AM PDT · by HLPhat · 53 replies
    Microsoft ^ | 26 August 2016 | Jacqueline Beauchere - Microsoft Chief Online Safety Officer
    Microsoft is committed to creating safe online communities where our customers can learn, play, grow and interact without the threat of violence or hatred. That’s why for many years we’ve sought to protect our customers by prohibiting hate speech and removing such content from our hosted consumer services. While neither our principles nor our policies are changing, we are refining some of our processes to make it easier for customers to report hate speech. We’re also simplifying requests to reinstate content that customers feel was removed in error. Today we’re announcing a new dedicated web form for reporting hate speech...
  • Obama will bypass Senate, ratify Paris climate accord himself during trip to China

    08/29/2016 5:51:12 AM PDT · by upchuck · 67 replies
    Wash Times ^ | Aug 29, 2016 | Valerie Richardson
    President Obama is prepared to enter into the Paris climate accord as early as this week even though Republicans have insisted that the pact must be ratified by the Senate, according to a report out of China. The South China Morning Post reported that Mr. Obama and Chinese President Xi Jinping are “set to jointly announce their ratification” of the ambitious international climate-change pact on Friday, two days before the start of the 11th G-20 Summit in Hangzhou, Zhejiang... Myron Ebell, director of the free-market Competitive Enterprise Institute’s Center for Energy and Environment, described the report as “curious because ratifying...
  • Fed's Yellen, Fischer Send Mixed Messages, Leave Markets Guessing

    08/29/2016 3:06:33 AM PDT · by expat_panama · 15 replies
    Investors Business Daily ^ | August 26, 2016 | JED GRAHAM
    Federal Reserve Chair Janet Yellen said Friday that the case for a rate hike has "strengthened" in recent months, as labor market slack is fading. The U.S. economy is "now nearing the Federal Reserve's statutory goals of maximum employment and price stability," Yellen said. Financial markets, which already have been pricing in a good chance of a rate hike in December, initially took her comments in stride. Investors are less concerned about the timing of the next hike than the one after that. Treasury yields initially rose a bit, then headed slightly lower after release of Yellen's speech transcript. That...
  • IBD/TIPP Poll: Anti-Import Sentiment Grows

    08/29/2016 3:04:14 AM PDT · by expat_panama · 11 replies
    Investors Business Daily ^ | August 26, 2016 | IBD/TIPP
    Americans these days are not in a charitable mood when it comes to trade, it seems. The August IBD/TIPP Poll shows that Americans overwhelmingly favor placing restrictions on imports ... Generally speaking, do you think the U.S. trade policy should have restrictions on imported goods to protect American jobs or have no restrictions on imported goods to enable American consumers to have more choices and the lowest prices?
  • Exclusive: Venezuela's oil imports slump on payment woes, economic meltdown

    08/28/2016 9:18:41 PM PDT · by 2ndDivisionVet · 37 replies
    Reuters ^ | August 25, 2016 | Marianna Parraga
    Venezuela has not been able to import all the crude and fuel it needs this year to cover shortfalls at oilfields and refineries as state-run PDVSA struggles to pay suppliers on time, according to trade sources and internal company data seen exclusively by Reuters. The decline is the largest in five years as the worst economic crisis in decades undermines PDVSA's ability to buy oil imports, which fell 21 percent in the first seven months of this year to 154,465 barrels per day (bpd), the data showed. Venezuela is also on track to suffer its steepest annual oil output drop...
  • An Internet Giveaway to the U.N.

    08/28/2016 7:26:19 PM PDT · by Red Badger · 40 replies
    http://www.wsj.com ^ | Aug. 28, 2016 | By L. GORDON CROVITZ
    If the U.S. abdicates internet stewardship, the United Nations might take control. When the Obama administration announced its plan to give up U.S. protection of the internet, it promised the United Nations would never take control. But because of the administration’s naiveté or arrogance, U.N. control is the likely result if the U.S. gives up internet stewardship as planned at midnight on Sept. 30. On Friday Americans for Limited Government received a response to its Freedom of Information Act request for “all records relating to legal and policy analysis . . . concerning antitrust issues for the Internet Corporation for...
  • Revealed: ECB Secretly Hands Cash to Select Corporations

    08/28/2016 3:59:44 PM PDT · by Lorianne · 6 replies
    Wolf Street ^ | 22 August 2016 | Don Quijones
    In June, the ECB began buying the bonds of some of the most powerful companies in Europe as well as the European subsidiaries of foreign multinationals. This pushed the average yield on euro investment-grade corporate debt to 0.65%. Large quantities of highly rated corporate debt with shorter maturities are trading at negative yields, where brainwashed investors engage in the absurdity of paying for the privilege of lending money to corporations. By August 12, the ECB had handed out over €16 billion in freshly printed money in exchange for corporate bonds. Throughout, the public was given to understand that the ECB...
  • The real casualty of Brexit: reputations of economists who predicted doom

    08/28/2016 3:52:50 PM PDT · by Lorianne · 12 replies
    Market Watch ^ | 27 August 2016 | Matthew Lynn
    <p>Did you hear the one about the economist who drove into a swimming pool and broke his neck? He forgot to seasonally adjust. Have you seen the version of Trivial Pursuit designed by an economist? It has 3,000 questions and 10,000 answers.</p>
  • Comradely capitalism: How America accidentally nationalised its mortgage market

    08/28/2016 3:48:08 PM PDT · by Lorianne · 15 replies
    Economist ^ | 20 August 2016
    <p>THE most dramatic moment of the global financial crisis of the late 2000s was the collapse of Lehman Brothers on September 15th 2008. The point at which the drama became inevitable, though—the crossroads on the way to Thebes—came two years earlier, in the summer of 2006. That August house prices in America, which had been rising almost without interruption for as long as anyone could remember, began to fall—a fall that went on for 31 months (see chart 1). In early 2007 mortgage defaults spiked and a mounting panic gripped Wall Street. The money markets dried up as banks became too scared to lend to each other. The lenders with the largest losses and smallest capital buffers began to topple. Thebes fell to the plague.</p>
  • Fed’s Jackson Hole Circus

    08/28/2016 3:22:45 PM PDT · by Lorianne
    Barron's ^ | 27 August 2016 | Randall W Forsythe
    The Fed has fueled the populism that has thrown this year’s U.S. elections into an unprecedented tizzy, the Journal wrote in more considered terms in a page-one feature on Friday. While the central bank dealt forcefully with the 2007-08 financial crisis, it failed to anticipate it and subsequently failed to bring about a recovery worthy of the name. What it has accomplished is a massive inflation, not of consumer prices—as officially measured, at least—but of asset prices. Friday, almost six years to the day, marked the anniversary of former Fed Chairman Ben Bernanke’s address to the Jackson Hole confab, at...
  • Jim Rogers Explains What He Is Doing Before "The Next Time The World Comes To An End"

    08/28/2016 3:16:28 PM PDT · by Lorianne · 6 replies
    Zero Hedge ^ | 27 August 2016 | Tyler Durden
    The investing legend, who doesn’t belong to any economic school of thought, also touches on China and reminds RealVision subscribers that “Beijing has said we're going to let people go bankrupt, which I hope they do.” He then emphasized, “they don't do that in the West. The communist Chinese are going to let people go bankrupt, because they're good capitalists.” China has amassed debt and will not be able to help countries as they did the last time the world fell apart in 2008. “The next time the world comes to an end it’s going to be a bigger shock...
  • Freedom Bridge in Santa Clara faces demolition despite bicyclists' protests

    08/28/2016 3:09:00 PM PDT · by ProtectOurFreedom · 11 replies
    San Jose Mercury News ^ | 8/27/16 | Scott Herhold
    <p>A couple of long blocks north of Highway 101, bicyclists whiz up and down the San Tomas Aquino Creek Trail, one of the best bicycle paths in the valley. At the property of tech giant Intel, a few of them cross to the east side of the creek on a wooden bridge called "The Freedom Bridge."</p>
  • Big Tech loves Hillary Clinton – receives $30.7 million from Silicon Valley

    08/28/2016 2:51:55 PM PDT · by Lorianne · 8 replies
    Economic Collapse News ^ | 23 August 2016 | Andrew Moran
    Silicon Valley certainly loves Hillary Clinton. And why wouldn’t it? They can get all of the government contracts, special privileges and any other cronyist idea you can think of. According to the latest numbers from the Wall Street Journal, donations from Big Tech total $30.7 million through June 2016. With so many tech executives hosting political fundraisers for Clinton, that number will likely skyrocket in the coming months ahead of the November election.
  • Citigroup warns a Donald Trump victory will cause global recession

    08/28/2016 2:45:09 PM PDT · by Lorianne · 91 replies
    Economic Collapse News ^ | 26 August 2016 | Andrew Moran
    If Republican nominee and real estate billionaire mogul Donald Trump pulls out an impossible victory against Hillary Clinton in November then prepare yourself for a global recession. This is the latest warning from Citigroup. The financial institution believes that markets would enter into chaos and the global economy would collapse because of policy uncertainty. Here is what Citi Chief Economist Willem Buiter opines (courtesy of Bloomberg): “A Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets. Tightening financial conditions and further rises in uncertainty could trigger a significant...
  • ESPN Loon Blames Trump for Kaepernick Not Standing for National Anthem

    08/28/2016 11:06:20 AM PDT · by Hojczyk · 41 replies
    Gateway Pundit ^ | August 28,2016 | Aleister
    Does everyone remember when ESPN was a sports network and not a left-wing social justice warrior network? In the video below, one ESPN commentator asks another about the Kaepernick controversy of this weekend when the player refused to stand for the national anthem. The second commentator immediately cites Donald Trump and his proposed temporary ban on Muslims from countries that sponsor terrorism as the reason. Then he even mentions Ferguson and the Black Lives Matter movement. Unreal! What does ANY of that have to do with this? Watch the video and turn it all the way up because the audio...
  • Why Isn’t the Economy the Issue?

    08/28/2016 10:51:40 AM PDT · by RightGeek · 12 replies
    PowerLine ^ | 8/27/2016 | John Hinderaker
    At the New York Post, Carl Campanile and Danika Fears make a good point: “Hillary, Trump too busy insulting each other to focus on Obama’s weak economy.” Hillary Clinton and Donald Trump are too busy trading barbs on hot-button topics like race and immigration to discuss the economy, which has slowed to a crawl under President Obama’s watch.“The numbers are bad. There should be a concern about the weakness in the economy,” said Douglas Holtz-Eakin, a former ­director of the Congressional Budget Office.“I would have thought that the economy would be at the center of the presidential campaign. Instead we’re...
  • This wealthy farmer is taking on Sacramento: ‘God help you if you disagree with him’

    08/28/2016 10:47:31 AM PDT · by Mariner · 4 replies
    The Sacramento Bee ^ | August 28th, 2016 | By David Siders
    Dean “Dino” Cortopassi, the Stockton-area farmer and food processor who could undermine Gov. Jerry Brown’s Delta water project and high-speed rail in California, leaned over a pile of paperwork in his conference room this spring, tossing bread to his black Labrador and pounding on the table. The state Capitol, Cortopassi said, has been overrun by “porkers feeding at the public trough,” and if long-term debt is not constrained, he said his grandchildren’s generation will bear the cost. He called his November ballot initiative – a proposal to require voter approval before the state issues revenue bonds for public works projects...
  • An Inconvenient Truth: Few Signs Of Global Warming In Antarctica

    08/28/2016 9:10:56 AM PDT · by rktman · 25 replies
    dailycaller.com ^ | 8/27/2016 | Michael Bastasch
    Antarctica has confounded scientists, defying the dire predictions of scientists the South Pole would shrink and exacerbate sea level rise in the coming decades. Climate models predicted Antarctic sea ice would shrink as the world warmed, and that warming would boost snowfall over the southern continent. Neither of those predictions have panned out, and now scientists say “natural variability” is overwhelming human-induced warming. “Truth is, the science is complex, and that in most places and with most events, natural variability still plays a dominant role, and undoubtedly will continue to do so,” Chip Knappenberger, a climate scientist with the libertarian...
  • Global central bankers, stuck at zero, unite in plea for help from governments

    08/28/2016 8:17:29 AM PDT · by Mariner · 24 replies
    Reuters via Yahoo ^ | August 28th, 2016 | By Howard Schneider
    JACKSON HOLE, Wyo. (Reuters) - Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help. Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration...
  • German economy minister says EU-US trade talks have failed

    08/28/2016 6:38:16 AM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Aug 28, 2016 9:11 AM EDT | Frank Jordans
    Free trade talks between the European Union and the United States have failed, Germany’s economy minister said Sunday, citing a lack of progress on any of the major sections of the long-running negotiations. Both Washington and Brussels have pushed for a deal by the end of the year, despite strong misgivings among some EU member states over the Trans-Atlantic Trade and Investment Partnership, or TTIP. Sigmar Gabriel, who is also Germany’s Vice Chancellor, compared the TTIP negotiations unfavorably with a free trade deal forged between the 28-nation EU and Canada, which he said was fairer for both sides. “In my...
  • Health-care exchange sign-ups fall far short of forecasts [More Obamacare Failure]

    08/28/2016 6:37:50 AM PDT · by SoFloFreeper · 11 replies
    Washington Post ^ | 8/27/16 | Carolyn Y. Johnson
    Enrollment in the insurance exchanges for President Obama’s signature health-care law is at less than half the initial forecast, pushing several major insurance companies to stop offering health plans in certain markets because of significant financial losses. As a result, the administration’s promise of a menu of health-plan choices has been replaced by a grim, though preliminary, forecast: Next year, more than 1 in 4 counties are at risk of having a single insurer on its exchange, said Cynthia Cox, who studies health reform for the Kaiser Family Foundation.
  • Where Do Criminals Get Their Guns?

    08/28/2016 6:23:37 AM PDT · by rktman · 57 replies
    townhall.com ^ | 8/28/2016 | Bruce Bialosky
    Another fallacy that is disabused in this survey (which states it follows in a long line of other surveys) is that more background checks will change anything in terms of how criminals get guns. Since they typically do not walk into an FFL making background checks more demanding, is not going to decrease the use of guns in crimes. For ordinary citizens, they must and do comply with the gun laws no matter how they acquire their guns. As I stated previously, it appears to me the anti-gun people are creating laws to restrict the activities of law-abiding citizens. That...
  • Gov. Brown: ‘Is Very Dubious’ that Global Warming Legislation Causes Job Loss

    08/27/2016 7:41:45 PM PDT · by Olog-hai · 37 replies
    Cybercast News Service ^ | August 25, 2016 | 2:01 PM EDT | Eric Scheiner
    California Governor Jerry Brown (D) says that evidence that global warming solution legislation hurts jobs “is very dubious, if it exists at all.” While speaking at a press conference Wednesday night Brown praised the passage of SB32 in the California Senate, which sets a target of cutting the state’s output of heat-trapping emissions 40 percent below 1990 levels by 2030. […] “The economy is an impersonal mechanism of profit-seeking enterprises who will take the world as they find it. Whether it’s a mountain or a river or a regulation or a need for bright people. People who want to invest...
  • Warning of 'war' on farmers, Trump seeks support in Iowa

    08/27/2016 7:18:36 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Aug 27, 2016 8:05 PM EDT | Scott Bauer and Ken Thomas
    Donald Trump warned Saturday of a “war on the American farmer,” telling a crowd in Iowa that rival Hillary Clinton “wants to shut down family farms” and implement anti-agriculture policies. Trump’s speech at the annual “Roast and Ride” fundraiser for Republican Sen. Joni Ernst came just hours after Clinton received her first national security briefing as the Democratic presidential nominee. […] “Hillary Clinton wants to shut down family farms just like she wants to shut down the mines and the steelworkers,” he said in front of a wall of straw bales at the Iowa State Fairgrounds. “She will do this...
  • As Shipowners Slash Costs, Some Crews Are Left Behind

    08/27/2016 4:35:03 PM PDT · by rockinqsranch · 25 replies
    gcaptain/Reuters ^ | August 27, 2016 | Keith Wallis, Aradhana Aravindan
    Marooned on the medium-sized tanker Amba Bhakti that is moored close to Shanghai and is in urgent need of repair, Hasan claims he and his crew of four from India and Bangladesh have not received their wages from the owner, Varun Shipping, since February and are now owed tens of thousands of dollars.
  • Restaurant operator responds to claims of worms in burgers

    08/27/2016 3:14:48 PM PDT · by COBOL2Java · 66 replies
    WTOP News (Washington DC) ^ | August 27, 2016 2:01 pm | AP
    <p>MAYFIELD, Ky. (AP) — A McDonald’s franchisee says he’s been unable to substantiate claims by two customers who reported finding worms in food at the fast-food chain’s restaurants in two Kentucky communities.</p> <p>Michael Love, owner-operator of the two restaurants, says inspections of the restaurants by health officials did not uncover any of the problems raised by the customers.</p>
  • Peter Navarro: ‘Hillary Clinton Has Got A Proven Record In Destroying Jobs’

    08/27/2016 3:07:55 PM PDT · by Albion Wilde · 8 replies
    YouTube ^ | Aug 25, 2016 | Peter Navarro
    Trump economic advisor Peter Navarro told Fox Business News’ Sandra Smith on Thursday that millions of jobs have been lost due to Hillary Clinton’s bad trade deals. Peter Navarro is a professor at the Merage School of Business at the University of California-Irvine. With a Masters of Public Administration from the Kennedy School of Government and a Ph.D. in economics from Harvard, this distinguished macroeconomist has written extensively on Asia as well as lived and worked there. He is is the author of Crouching Tiger: What China’s Militarism Means for the World (Prometheus, 11/2015). He has published ten previous books,...
  • Entire Facebook Trending News Team Fired Following Breitbart Coverage

    08/27/2016 7:48:37 AM PDT · by Hojczyk · 69 replies
    Breitbart ^ | August | by ALLUM BOKHARI
    Facebook has fired its Trending News team, responsible for curating the social media network’s “Trending News” list, after Breitbart Tech began to reveal their progressive biases last month. The team is set to be replaced by a team of engineers managing an algorithm. Facebook’s Trending News feature is supposed to present users with the most popular news topics being discussed across the platform. But a Gizmodo exposé in May revealed that Trending News operated much like a traditional newsroom, with a team of “curators” selecting stories they considered newsworthy. It was later revealed that the team artificially injected stories that...
  • Guns are tax-free in Mississippi this weekend

    08/27/2016 9:30:48 AM PDT · by Red in Blue PA · 14 replies
    It's the Magnolia State's fourth Second Amendment Sales Tax Holiday. It's the busiest weekend for businesses like Philadelphia Gun and Pawn. "It has been [in past years] so busy that we feel like we lost sales because we couldn't wait on everybody," says manager Richard Ray. In addition to items being tax-free, specials are being run to help buyers save even more. "If you spend a $1,000 you're already going to save $70. And everybody gets a chance to get a break on the taxes, which everybody needs to save money, and I can understand why," says Ray. Philadelphia Gun...
  • Republican Congressman Pushes Internet Sales Tax Plan

    08/27/2016 1:37:59 PM PDT · by JeepersFreepers · 16 replies
    The Wall Street Journal ^ | August 26, 2016 | Richard Rubin
    A new Republican proposal [by Rep. Bob Goodlatte (RINO, VA)] to resolve the long-running fight over taxing internet sales across state lines drew praise from Amazon.com Inc. and House Speaker Paul Ryan. “I am shocked Republicans would propose an internet sales tax,” said Sen. Ron Wyden (D., Ore.) “This proposal would create a logistical nightmare for states like Oregon that don’t have or want sales taxes. I will continue to oppose any efforts to impose a national sales tax scheme on Oregonians.” Michael Needham, the chief executive officer of Heritage Action for America said, “the Republican-controlled Congress would be wise...
  • The media make history

    08/27/2016 8:32:49 AM PDT · by pabianice · 14 replies
    Washington Times ^ | 8/27/16 | Tyrrell
    This week I am going to do something unusual. I am going to enter into a conversation with another columnist. Doing so was not so unusual a few decades back. Bill Buckley and James Jackson Kilpatrick did it when provoked and it was always interesting. Yet today a columnist is a godlike figure. Today’s columnist communicates solely with Olympus, and the result is often a bit tedious. I propose to address the New York Post’s Michael Goodwin and congratulate him on noting that mainstream media (MSM) have passed yet another milepost in their decline. Michael wrote in his column this...
  • The Bizarre Media Blackout Of Hacked George Soros Documents

    08/27/2016 7:21:40 AM PDT · by Lorianne · 19 replies
    Leaked documents released a few days ago provide juicy insider details of how a fabulously rich businessman has been using his money to influence elections in Europe, underwrite an extremist group, target U.S. citizens who disagreed with him, dictate foreign policy, and try to sway a Supreme Court ruling, among other things. Pretty compelling stuff, right? Not if it involves leftist billionaire George Soros. In this case, the mainstream press couldn't care less.
  • Coastal land expands as construction outpaces sea level rise

    08/27/2016 7:15:16 AM PDT · by Lorianne · 11 replies
    Reuters ^ | 25 August 2015 | Alister Doyle
    The Earth has gained coastal land equivalent to the size of Jamaica in the past 30 years with man-made construction outpacing erosion caused by rising sea levels, mapping data showed on Thursday. Expansion of ports off China, construction of luxury resorts off Dubai or land reclamation in the Netherlands were among causes of coastal expansion, according to a study by Dutch research group Deltares. Using satellite data with Google Earth, Deltares said coastal regions had gained a net 13,565 square kilometers (5,237 square miles) of land since 1985, roughly the size of Jamaica or the U.S. state of Connecticut. Overall,...
  • French support for the EU project is crumbling on the Left and Right

    08/27/2016 6:54:30 AM PDT · by Lorianne · 11 replies
    Telegraph (UK) ^ | 25 August 2015 | Ambrose Evans-Pritchard
    he drama of Brexit may soon be matched or eclipsed by crystallizing events in France, where the Long Slump is at last taking its political toll. A democracy can endure deflation policies for only so long. The attrition has wasted the French centre-right and the centre-left by turns, and now threatens the Fifth Republic itself. The maturing crisis has echoes of 1936, when the French people tired of 'deflation decrees' and turned to the once unthinkable Front Populaire, smashing what remained of the Gold Standard. Former Gaulliste president Nicolas Sarkozy has caught the headlines this week, launching a come-back bid...
  • "Central Banks Now Own $25 Trillion Of Financial Assets"

    08/27/2016 6:52:14 AM PDT · by Lorianne · 6 replies
    Zero Hedge ^ | 25 August 2015 | Tyler Durden
    With 85% of Wall Street telling Citi they expect a "dovish hike signal" from Yellen tomorrow, which means a polite request for another BTFD opportunity, even if as BofA says "expectations for a dovish Fed are coinciding with macro strength in the US (most obviously in housing & consumer spending) as well as highest level of wage inflation since Jan’10"... Risk assets are now supported by the new ”Keynesian Put”, the expectation that fiscal measures will be deployed to combat any renewed weakness in the economy/markets (independently of any larger political projects). But asset prices remain primarily supported by excess...