Business/Economy (News/Activism)

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  • IRS Scandal: No End To Lois Lerner's Lawlessness

    06/30/2016 3:14:53 AM PDT · by IBD editorial writer · 6 replies
    Investor's Business Daily ^ | 6/29/2016 | Staff
    Justice: IRS official Lois Lerner didn't merely target conservative groups to take away their tax-free status, as first suspected, but also handed over more than a million pages of tax returns to the Justice Department. That's a crime.
  • Democrats Try To Play Politics With Zika, And It Backfires

    06/30/2016 3:11:16 AM PDT · by IBD editorial writer
    Investor's Business Daily ^ | 6/29/2016 | Staff
    Public Health: So let's get this straight. The Senate votes to approve a $1.1 billion bill to fight Zika by a 52 to 48 margin. But since the Democrats filibustered the bill, that wasn't enough to get it to the floor for a vote. And we're supposed to believe this is the Republicans' fault?
  • Gov. Chris Christie is touting Grover Norquist's support of 23-cent-per-gallon gas tax hike

    06/29/2016 8:55:02 PM PDT · by panhandle67 · 13 replies
    Associated Press ^ | 6/29/16 | BRUCE SHIPKOWSKI
    TRENTON, New Jersey — Republican Gov. Chris Christie on Wednesday touted an anti-tax crusader's endorsement of a proposed 23-cent- per-gallon gasoline tax hike along with a sales tax cut, sweeping aside objections raised by Democratic leaders in the state Senate and voicing confidence that the measure would be passed in that chamber. Christie all but dared lawmakers not to act on his plan during a statehouse news conference, a day after the Assembly passed the plan to pay for a $2 billion a year transportation trust fund for eight years. The fund runs out of borrowing authority Friday, and Christie's...
  • George Soros Post-Brexit Backtrack: Merkel’s Open Borders Policy ‘Not Properly Thought Out’

    06/29/2016 8:52:51 PM PDT · by 867V309 · 20 replies
    breitbart.com/london ^ | 29 Jun 2016 | Liam Deacon
    The billionaire Hungarian-American open borders advocate George Soros has said Angela Merkel provoked the migrant crisis with her open-door policy, which brought “chaos” to the continent. He bemoaned the falling pound, despite the fact he is known as “the man who broke the Bank of England” after he made more than a billion pounds sinking the British currency on “black Wednesday” in 1992.
  • What Brexit Means for the European Union’s Future

    06/29/2016 8:51:14 PM PDT · by Tolerance Sucks Rocks · 4 replies
    The Daily Signal ^ | June 27, 2016 | Josh Siegel
    Britain’s decision to leave the European Union could inspire other disaffected nations to consider a way out unless the bloc responds to anxiety across the continent over jobs, immigration, and globalization.While experts say an all-out breakup of the European Union is far-fetched, countries both successful (like Sweden) and struggling (such as Greece) may view the British experience as a model to change their own lots in life.“There is a serious risk that Britain’s decision to withdraw from the European Union could set off similar demands on other member states,” said Michael Leigh, a senior fellow at The German Marshall Fund...
  • The world’s oldest paycheck was cashed in beer

    06/29/2016 7:23:28 PM PDT · by ameribbean expat · 26 replies
    On one tablet excavated from the area we can see a human head eating from a bowl, meaning “ration”, and a conical vessel, meaning “beer”. Scattered around are scratches recording the amount of beer for a particular worker. It’s the world’s oldest known payslip.
  • Earthquakes Cause Giant Natural Gas Field To Cut Production By 44%

    06/29/2016 7:20:22 PM PDT · by Lorianne · 11 replies
    Oil Price ^ | 27 June 2016 | Dave Forest
    Europe just lost a big chunk of production from one of its most critical natural gas fields, and not for any of the usual reasons — technical problems, pipeline constraints, or terrorist disruptions. These cuts are due to earthquakes. The development came at the Groningen natgas field in the Netherlands. The largest producing field in Western Europe — and one of the world’s top 10 gas fields by size. Groningen’s massive size has been an issue lately though, with drawdown from the field having caused seismic events in the areas above and surrounding the field. Such concerns prompted the Dutch...
  • Media firms lose control of news as tech platforms rise

    06/29/2016 6:50:12 PM PDT · by Petrosius · 12 replies
    Yahoo! News ^ | June 29, 2016 | Rob Lever
    Washington (AFP) - When allegations emerged that Facebook was skewing its trending news stories, many learned about it... on Facebook. That underscored the rapid shift in media -- not only is news moving from print to digital, but Facebook, Google and other tech platforms are increasingly becoming the main gateways for information. Technology and social media firms are increasingly playing a role in filtering and delivering news, often with automated feeds, algorithms and "bots" designed to determine the most relevant articles. That means the news industry is rapidly losing control of the news along with the revenue that goes with...
  • Phoenix Proposes Property Tax Increase

    06/29/2016 6:43:17 PM PDT · by hsmomx3 · 20 replies
    AZ Tax Research Association ^ | 06/29/16 | AZ Tax Research Association
    Phoenix Proposes Property Tax Increase Ignores money in the bank On Friday, the Phoenix City Council is poised to increase its property tax rate by 19% for Fiscal Year 2017 from the longstanding combined tax rate of $1.82 to $2.17. Phoenix argues the rate increase is necessary to fund the debt service on voter approved general obligation bonds. Those bonds are financed through annual property tax levies. In recent years the city has paid the annual debt service from a combination of property taxes and cash from excess property tax levies from the real estate boom in 2007 through 2009....
  • British business owner in Germany: why I support Brexit

    06/29/2016 12:44:02 PM PDT · by Trumpinator · 12 replies
    thelocal.de ^ | 28 Jun 2016 17:35 GMT+02:00 | Emma Anderson
    British business owner in Germany: why I support Brexit Published: 28 Jun 2016 17:35 GMT+02:00 Updated: 28 Jun 2016 17:35 GMT+02:00 Scottish business owner Alexander McWhinney tells The Local why he supported the vote for a Brexit despite being an expat - much to the surprise of employees at his stores in the Rhineland. McWhinney has lived in Germany for 30 years. He now owns three stores under his brand The English Shop, starting with his flagship in Cologne. He’s the kind of person who has enjoyed many of the benefits of the EU: the ability to move and work...
  • EU spells out conditions for single market access to Britain

    06/29/2016 12:06:12 PM PDT · by Olog-hai · 86 replies
    Associated Press ^ | Jun 29, 2016 2:38 PM EDT | Raf Casert and Geir Moulson
    European Union leaders drew a stark line along the British Channel on Wednesday, telling the U.K. that it cannot keep valuable business links with its former continental partners in a seamless single EU market, if it doesn’t also accept European workers. The challenge cuts to the heart of the British vote to leave the bloc following a virulent campaign where migration from poorer EU countries was a key concern. It also sets the scene for the complex departure negotiations facing departing Prime Minister David Cameron’s successor, for which nominations opened in London Wednesday. Meeting for the first time without the...
  • Spoiled College Grad Demands New Dress Code at Job, Gets the Boot

    06/29/2016 11:36:22 AM PDT · by rktman · 79 replies
    pjmedia.com ^ | 6/29/2016 | Tom Knighton
    The next day, all of us who signed the petition were called into a meeting where we thought our proposal would be discussed. Instead, we were informed that due to our “unprofessional” behavior, we were being let go from our internships. We were told to hand in our ID badges and to gather our things and leave the property ASAP. We were shocked. The proposal was written professionally like examples I have learned about in school, and our arguments were thought out and well-reasoned. We weren’t even given a chance to discuss it. The worst part is that just before...
  • Age to buy tobacco in Chicago increasing to 21 this week

    06/29/2016 10:42:19 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Jun 29, 2016 7:24 AM EDT
    The minimum age in Chicago for buying cigarettes and other tobacco products goes up to 21 at the end of the week. […] Hawaii and California have raised the tobacco purchase age to 21 statewide. Illinois lawmakers are considering a similar measure. The Chicago City Council approved the age increase in March, along with higher taxes and other efforts to combat tobacco sales. …
  • China official calls out Trump over charge of currency manipulation

    06/29/2016 10:17:42 AM PDT · by Enlightened1 · 20 replies
    Asia Times ^ | 06/29/16 | Asia Unhedged
    China’s Foreign Ministry has pretty much had it with Donald Trump. Join the party. Speaking about his trade policies on Tuesday, the presumptive Republican candidate for the US presidency called China the “grand master” of currency devaluation and said if elected he would label Beijing a currency manipulator. Breaking with their strategy of not directly criticizing Trump, the Foreign Ministry responded on Wednesday by saying the yuan’s exchange rate was not the reason for unbalanced trade ties with the US and more to the point it said Trump’s trade policies are irrational. For much of his campaign, Trump has focused...
  • Dow Jones Industrial Average Surges As Investors’ Brexit Fears Fade, Nike Inc. (NKE) Stock Slides

    06/29/2016 10:02:15 AM PDT · by Eddie01 · 9 replies
    Internation Business Times ^ | 06/29/16 AT 8:46 AM | By IBT Staff
    U.S. stocks rallied for a second day Wednesday as the initial panic surrounding Britain's vote to leave the European Union settled and investors sought out bargains.
  • Debate of Puerto Rico rescue (not a bailout) bill in the U.S. Senate live now

    06/29/2016 7:05:37 AM PDT · by cll · 14 replies
    U.S. Senate ^ | 06/29/16
    The purpose of this post is to alert the Puerto Rico Ping List to live U.S. Senate proceedings that greatly affect the island today. Others are welcome to it and chime in, of course. The Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) undergoing the 60 vote rule at the U.S. Senate. For newcomers to the subject, Puerto Rico sub-divisions have no access to U.S. bankruptcy courts, the island is broke, and this basically opens a new bankruptcy chapter for the island and other territories, and also provides for the establishment of a fiscal control board to get the...
  • Nigel Farage Batters Obama: "He Came To Britain And Behaved Disgracefully"

    06/29/2016 5:43:45 AM PDT · by Zakeet · 35 replies
    ZeroHedge ^ | June 29, 2016
    Back in April President Obama took a trip over to the UK in order to lecture another country on how to vote - Obama of course was staunchly in the Remain camp. Obama even penned an op-ed titled: "As your friend, let me say that the EU makes Britain even greater." Of course, we all know the historic outcome of the Brexit vote, and we have even asked if it was Barack Obama who actually was the deciding factor: UKIP leader Nigel Farage has never been shy of course, but lately has been making sure to remember all of those...
  • Venezuelans are storming supermarkets and attacking trucks as food supplies dwindle

    06/29/2016 5:13:29 AM PDT · by Olog-hai · 61 replies
    Washington Post ^ | June 28, 2016 at 12:31 PM | Joshua Partlow and Mariana Zuńiga
    In the darkness the warehouse looks like any other, a metal-roofed hangar next to a clattering overpass, with homeless people sleeping nearby in the shadows. But inside, workers quietly unload black plastic crates filled with merchandise so valuable that mobs have looted delivery vehicles, shot up the windshields of trucks and hurled a rock into one driver’s eye. Soldiers and police milling around the loading depots give this neighborhood the feel of a military garrison. […] The fight for food has begun in Venezuela. On any day, in cities across this increasingly desperate nation, crowds form to sack supermarkets. Protesters...
  • Obama Makes An Impossible Clean Energy Promise

    06/29/2016 4:36:32 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 6/28/2016 | Staff
    Energy: At a "Three Amigos" summit in Ottawa this week, President Obama and the leaders of Canada and Mexico will pledge that in less than a decade, half of North America's energy will come from "clean" sources. The administration calls it "ambitious." We call it "ludicrous." Since the U.S. accounts for three-quarters of the total energy produced by these three countries, the responsibility of living up to any such agreement would fall most heavily on the U.S. So is there a reasonable chance that the U.S. could achieve such a goal? Let's look at some of the relevant facts. According...
  • Clinton Email Scandal: Is The Cover-up Worse Than The Crime?

    06/29/2016 4:00:24 AM PDT · by IBD editorial writer · 28 replies
    Investor's Business Daily ^ | 6/29/2016 | John Merline
    Bad news about Hillary Clinton's use of a private email server while Secretary of State keeps dribbling out. The latest is that she failed to turn over dozens of work-related emails, many of which just happen to completely undercut key claims she's made over the past year.
  • Nearly half of U.S. workers consider themselves underemployed, report says

    06/29/2016 3:44:14 AM PDT · by george76 · 16 replies
    Chicago Tribune ^ | June 28, 2016 | Alexia Elejalde-Ruiz
    <p>Nearly half of U.S. workers consider themselves underemployed, according to a survey of more than 960,000 people by PayScale, an online provider of salary information.</p> <p>Three-quarters of those who label themselves as such say they're not working in a job that uses their education and training. One quarter say they are working part time but want full-time work.</p>
  • It’s Time for the Elites to Rise Up Against the Ignorant Masses

    06/29/2016 3:20:27 AM PDT · by AC Beach Patrol · 67 replies
    Foreign Policy ^ | James Traub
    The Brexit has laid bare the political schism of our time. It’s not about the left vs. the right; it’s about the sane vs. the mindlessly angry.
  • Eurozone rocked by Brexit: Now George Soros bets €100m on German bank collapse

    06/28/2016 11:46:39 PM PDT · by Trump20162020 · 10 replies
    The UK Express ^ | June 28, 2016 | Rebecca Perring
    BILLIONAIRE investor George Soros took out a staggering €100MILLION bet that a major German bank would collapse after Britain decisions to cut ties with the crumbling EU. The man who "broke the Bank of England" took a short position of 0.51 per cent in Deutsche Bank shares on Friday - the day after the people of Britain backed Brexit. In growing signs that desperate Angela Merkel's economy is struggling in the wake of the nation's decision to leave the EU - Soros Fund Management said its short position was now 0.46 per cent - suggesting it had begun to take...
  • HOT lane lottery makes a mockery of GTA traffic woes: Keenan

    06/28/2016 10:00:41 PM PDT · by Tolerance Sucks Rocks · 8 replies
    The Toronto Star ^ | June 24, 2016 | Edward Keenan
    The Ontario lottery corporation recently started advertising its newest scratch-and-win lottery: tickets cost $30 (the highest price among its lotteries), and the top prize is a cool $2.5 million. Now, if you want an indication of how bad traffic is in the GTA, consider that Transportation Minister Steven Del Duca announced a lottery of his own on Thursday: tickets cost $180 each, though you only pay if you win. The prize? One of 1,000 permits to drive in an uncongested highway lane for 16 kilometres between Burlington and Oakville. The ad copy writes itself: Imagine the freedom of cruising at...
  • Bacon Infused Vodka Leads to Arrest of Oklahoma Bartender

    06/28/2016 8:48:00 PM PDT · by Fractal Trader · 57 replies
    Legal Insurrection ^ | 28 June 2016 | Kemberlee Kaye
    The Pump Bar has been infusing vodka with bacon, garlic, and jalepenos to serve in their brunch bloody marys. Local news reported: Back in February, the ABLE Commission was called out to investigate a noise complaint. While it didn’t find any noise problems, there was something else suspicious. “They found bottles of alcohol were being emptied, contents put in the liquor and put back into the bottle,” said M.Sgt. Gary Knight with the Oklahoma City Police Department. The police report shows a list of things – garlic, pickles, beef and even bacon, being infused into vodka. “Obviously this is a...
  • TRUMP BLASTS TRADE DEALS, DEPARTING FROM GOP ORTHODOXY (Go Trump)

    06/28/2016 7:55:08 PM PDT · by cba123 · 60 replies
    Associated Press ^ | June 28, 2016 5:55 PM EDT | By JILL COLVIN and LISA LERER
    MONESSEN, Pa. (AP) -- Donald Trump called for a new era of economic "Americanism" Tuesday, promising to restore millions of lost factory jobs by backing away from decades of U.S. policy that encouraged trade with other nations - a move that could undermine the country's place as the dominant player in the global economy. The speech marked a significant break from years of Republican Party advocacy for unencumbered trade between nations, and drew immediate condemnation from GOP business leaders. Read the full article at link: http://hosted.ap.org/dynamic/stories/U/US_CAMPAIGN_2016?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-06-28-14-55-42
  • Surprise! Most Corrupt Bankster in U.S. Endorses Hillary Clinton

    06/27/2016 9:23:00 AM PDT · by all the best · 16 replies
    LewRockwell.com ^ | June 27, 2016 | Thomas DiLorenzo
    It’s hard to imagine a better endorsement of Donald Trump’s economic policies – whatever they may be, whenever he finds the time to explain them – than the recent endorsement of Hillary Clinton by former Goldman Sachs CEO and U.S. Treasury Secretary Hank Paulson. As the man in charge of the biggest explosion of corporate welfare in world history – the “TARP” bailouts, he defined himself as a sworn enemy of capitalism and a socialist when it comes to the capital markets. Socializing billions of dollars in investment bank, insurance company, and automobile industry losses with taxpayer dollars qualifies Paulson...
  • Elites Set Up New Conflict Between Populism and Globalism as Chaos Looms

    06/28/2016 7:10:53 PM PDT · by Lorianne · 33 replies
    Daily Bell, the ^ | 27 June 2016
    Did we ever think we would see the day when the New York Times would willingly acknowledge a battle over globalization? And it not just the New York Times. Here are some other mainstream media headlines mentioning globalism: •Brexit: Unraveling of a Global Post-War Structure •Brexit: Asian powers warnings over global stability •Brexit’s Impact on Global Economy Depends on Leaders The mainstream media usually doesn’t acknowledge globalism as an issue. Like central banking it is simply asserted as a fact, as natural as the air we breathe. But now all of a sudden we are finding out it is a...
  • Dealing with a Financial Crisis under cover of Brexit Chaos

    06/28/2016 6:07:46 PM PDT · by Lorianne · 9 replies
    Wolf Street ^ | 26 June 2016 | Wolf Richter
    Remember TARP, the Troubled Asset Relief Program that the US Congress approved to bail out banks and other companies during the Financial Crisis? $700 billion were authorized, later reduced to $475 billion. The Treasury eventually dispersed $432 billion. I bring this up because the ECB bailed out the European banks with more than TARP, in just one day: on Brexit Black Friday. The ECB saw what was happening to the shares of the largest banks on that propitious day. It saw a blooming financial crisis: Top UK Banks: •HSBC, the apparent winner in this fiasco, perhaps because of its exposure...
  • San Francisco seeks to ban pension fund from investing in gun industry

    06/28/2016 6:07:31 PM PDT · by Lonely Bull · 22 replies
    KTVU ^ | Jun 28 2016
    SAN FRANCISCO (KTVU) -- The San Francisco Board of Supervisors on Tuesday approved a measure that would ban the city employee retirement system from investing in companies that participate in firearm and ammunition manufacturing. The resolution by the supervisors could have a ripple effect throughout the country as the debate about gun control grows in the wake of a mass shooting in Orlando two weeks ago at a gay nightclub that left 50 people dead and several others injured. San Francisco Mayor Ed Lee is trying to gather support nationwide by asking the mayors of both Boston and New York...
  • Richard Branson says cancels deal involving 3,000 jobs after Brexit vote

    06/28/2016 5:05:32 PM PDT · by SoFloFreeper · 66 replies
    British entrepreneur Richard Branson today said his Virgin Group had pulled out of a deal involving 3,000 jobs after Britain voted to leave the EU. In a television interview, the billionaire businessman added that Britain was heading for recession after the pound slumped to its lowest level against the dollar in more than three decades in the immediate aftermath of last Thursday’s referendum result.
  • Brexit sore losers and NeverTrumps have a lot in common

    06/28/2016 4:21:44 PM PDT · by SoFloFreeper · 3 replies
    cnbc ^ | 6/28/16 | Jake Novak
    One of the more common phrases you hear on social media and in political debates today is "elections have consequences." And that's true for the most part, as candidates and parties that win elections usually get more power and freedom to impose their favored policies. But it would be a lot nicer if elections had more than just consequences. It would be better if elections taught lessons, especially to those who lose the elections. But that's not what's happening right now in Britain.... ...And don't forget the most tragically clueless response of all: the push to have the entire referendum...
  • Airbnb sues over registration of San Francisco homes

    06/28/2016 3:05:58 PM PDT · by 867V309 · 21 replies
    www.yahoo.com/news/ ^ | June 28, 2016 | afp
    San Francisco (AFP) - Home sharing site Airbnb is suing San Francisco over a new law requiring that anyone who offers their home through the rental site first register the dwelling with the city. Under the new rule, Airbnb would be fined $1,000 a day for each listing on its site that has not been registered in advance.
  • Merkel: Britain can’t cherry-pick Brexit terms

    06/28/2016 2:53:50 PM PDT · by Olog-hai · 115 replies
    TheLocal.de ^ | 28 Jun 2016 16:25 GMT+02:00 | (AFP)
    German Chancellor Angela Merkel said Tuesday that the EU could survive a Brexit and warned Britain the union would not tolerate “cherry-picking” in upcoming negotiations on their future relations. “The EU is strong enough to withstand Britain’s withdrawal,” she told the German parliament ahead of a crisis summit of the 28 member states in Brussels. […] “We will ensure there are no negotiations based on the principle of cherry-picking,” she said to applause. “There must be and will be a noticeable difference between whether a country wants to be a member of the European Union family or not.” She added:...
  • 'Game Changer': Giant Helium Field Found in Tanzania

    06/28/2016 2:40:26 PM PDT · by sparklite2 · 82 replies
    Newser ^ | Jun 28, 2016 | Jenn Gidman
    What scientists are calling a "game changer" for society has been discovered deep in Tanzania's Rift Valley: a massive helium gas field with enough of the precious commodity to fill more than 1.2 million MRI scanners, Phys.org reports. Besides the sheer amount of gas, the discovery is notable because it appears to be the first time that stores of helium have been purposely found (they're usually stumbled upon during oil and gas drilling). And the find, which will be presented Tuesday by Durham University PhD student Diveena Danabalan at a Japanese geochemistry conference, could help restock nearly depleted stockpiles. Researchers...
  • Trump Takes On Trade Deals In Pennsylvania Speech

    06/28/2016 12:00:22 PM PDT · by Biggirl · 33 replies
    Associated Press ^ | June 28, 2016 | Jill Colvin,Associated Press
    MONESSEN, Pa. (AP) -- Republican Donald Trump took aim at U.S. free trade deals in a speech delivered in Western Pennsylvania Tuesday that painted his likely Democratic rival Hillary Clinton as a champion of the kind of globalization that has pushed manufacturing jobs overseas.
  • Christie Raising NJ Gas Tax 23 Cents Per Gallon

    06/28/2016 11:43:13 AM PDT · by Williams · 66 replies
    Patch.com | June 28, 2016
    Takes effect Friday! https://www.google.com/amp/s/patch.com/new-jersey/lacey/amp/26541281/n-j-lawmakers-pass-christie-backed-23-cent-gas-tax-hike-set-to-take-effect-friday#
  • Full transcript: Donald Trump's jobs plan speech

    06/28/2016 11:21:56 AM PDT · by Sybeck1 · 53 replies
    Polictico ^ | 6/28/16 | Donal J. Trump
    It is great to be here. I'd like to thank Alumisource and all the amazing workers here for hosting us. Today, I am going to talk about how to Make America Wealthy Again. We are thirty miles from Steel City. Pittsburgh played a central role in building our nation. The legacy of Pennsylvania steelworkers lives in the bridges, railways and skyscrapers that make up our great American landscape. But our workers' loyalty was repaid with betrayal. Our politicians have aggressively pursued a policy of globalization - moving our jobs, our wealth and our factories to Mexico and overseas. Globalization has...
  • German minimum wage going up 4 percent in 2017

    06/28/2016 6:36:33 AM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jun 28, 2016 8:55 AM EDT | `
    Germany’s minimum wage will go up by four percent next year, to €8.84 ($9.79) per hour. […] The German DPA news agency reports that the head of the independent commission tasked with setting the minimum wage, Jan Zilius, said Tuesday the rise is in line with recent wage agreements in various sectors. …
  • The Detroit Road Map for Puerto Rico

    06/28/2016 5:55:56 AM PDT · by cll · 2 replies
    The Wall Street Journal ^ | 6/27/2016 | Richard Ravitch
    Citizens in democratic nations are right to worry when they see intrusions on self-government. Many Puerto Ricans thus are understandably concerned about the powers of the oversight board prescribed in legislation the U.S. House of Representatives recently passed to assist the commonwealth. The Senate is about to take up the proposed law, which has drawn criticism in Washington and Puerto Rico for impinging on its sovereignty. The alarm is misplaced. Consider what happened in 2013 when the city of Detroit was facing circumstances frighteningly similar to those Puerto Rico is experiencing today...Had the protests succeeded, Detroit would not be going...
  • History Predicts How Bad The Post-Brexit Market Volatility Will Get

    06/28/2016 4:27:45 AM PDT · by expat_panama · 44 replies
    Investors Business Daily ^ | June 272, 2016 | PAUL KATZEFF
    How long will the Brexit meltdown continue? How far will the market fall? It's impossible to say for sure, of course. But if history is any guide, then you should expect about a month of market weakness and nearly an 11% decline before the next upturn. WPERS_01_062716This could help guide any post-Brexit investment moves you're weighing. Friday's 3.6% tumble in the market -- measured by the S&P 500 -- jibed closely with the 3.5% average first-day market decline sparked by all sorts of shocking stock market news since World War II. That includes bombings and assassinations, according to a Monday...
  • Payout of $10,000 for Windows 10 update

    06/28/2016 4:14:44 AM PDT · by expat_panama · 25 replies
    BBC News ^ | 27 June 2016 | Technology
    Teri Goldstein said her Windows 7 computer had automatically tried to update itself to Windows 10 without her permission. She said the update had made her machine unstable, leaving her unable to use it to run her business. Microsoft said it had dropped its appeal to save on legal costs. Microsoft has been aggressively pushing the latest version of its widely used operating system, which is currently available as a free download for computers running Windows 7 and 8. However, many people have chosen not to upgrade, because they are running old hardware, have software that does not run on...
  • ObamaCare Is Killing The Blues

    06/28/2016 3:05:17 AM PDT · by IBD editorial writer · 43 replies
    Investor's Business Daily ^ | 6/28/2016 | Staff
    Health Reform: The health care law President Obama signed six years ago was supposed to fix the individual insurance market with enlightened rules and regulations. Instead, ObamaCare is destroying this market. Just look at what's happening to Blue Cross Blue Shield.
  • Volkswagen to Pay $14.7 Billion to Settle Diesel Claims in U.S.

    06/27/2016 8:28:14 PM PDT · by dennisw · 33 replies
    nytimes. ^ | 6-27 | By HIROKO TABUCHI and JACK EWINGJUNE
    Volkswagen has agreed to pay up to $14.7 billion to settle claims stemming from its diesel emissions cheating scandal, in what would be one of the largest consumer class-action settlements ever in the United States. The proposed settlement involving the federal government and lawyers for the owners of about 475,000 Volkswagen vehicles, includes a maximum of $10.03 billion to buy back affected cars at their pre-scandal values, and additional cash compensation for the owners, according to two people briefed on the settlement’s terms. The cash compensation offered to each car owner will range from $5,100 to $10,000. Both the buyback...
  • India Stocks Up on Howitzers to Defend Its Border with China

    06/27/2016 8:01:06 PM PDT · by ameribbean expat · 13 replies
    After a remarkably long wait of 30 years, the Indian Army will finally get its hands on new artillery guns. On Saturday (June 25), India’s defence ministry approved a proposal to purchase 145 ultra light howitzer guns from the British weapons manufacturer BAE Systems. The deal is worth about Rs5,000 crore ($750 million). The country’s defence ministry wants to give these guns to the Mountain Strike Corps—consisting of over 90,000 troops and to be raised by 2021—to defend India’s 4,000-kilometre-long border with China.
  • Britain can't leave the EU without MPs voting for it, top lawyers say

    06/27/2016 7:56:30 PM PDT · by dennisw · 39 replies
    The country may just have voted 52% in favour of leaving the EU, but Brexit won’t become a reality unless voted for by members of Parliament, according to Geoffrey Robertson QC. The lawyer, who set up Doughty Street Chambers, says the referendum was “purely advisory”, and his sentiments have been echoed by Charles Flint QC in a letter to the Times. “Under our constitution, speaking as a constitutional lawyer, sovereignty rests in what we call the Queen in parliament,” Robertson told The Independent. “It’s the right of MPs alone to make or break laws, and the peers to block them....
  • Naked in the national interest

    06/27/2016 7:11:52 PM PDT · by sparklite2 · 10 replies
    BBC News ^ | June 27, 2016 | BBC Trending
    When President Alyaksandr Lukashenka urged Belarusians "to get undressed and work till you sweat", there was every reason for his passionate appeal. But in the days after the president's speech, some Belarusians answered the call perhaps a little more literally than might have been anticipated by Lukashenka - who is informally called Daddy (Batska) by some of his countrymen.
  • Ratings agencies rip into UK's credit score after Brexit vote

    06/27/2016 6:49:17 PM PDT · by RKBA Democrat · 39 replies
    Rooters ^ | 6-27-16 | Andy Bruce
    Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy. Standard & Poor's stripped Britain of its last remaining top-notch credit rating, dropping it by two grades from "AAA" to "AA" and warning more downgrades could follow. Fitch Ratings also downgraded its ranking for Britain's creditworthiness by one notch, and similarly said more cuts could follow. The ratings agencies effectively added a rubber stamp to the market's view of the Brexit vote, as sterling tanked to a...
  • Pepsi To Bring Back Aspartame-Sweetened Diet Pepsi By September

    06/27/2016 3:51:23 PM PDT · by SMGFan · 115 replies
    Consumerist ^ | June 27, 2016
    Weeks after it was rumored that continued falling sales would propel PepsiCo to once again change the sweetener used in its main calorie-free beverage, Diet Pepsi, back to aspartame, the company announced plans to do just that Monday. PepsiCo said Monday that it would reintroduce aspartame-sweetened Diet Pepsi in September, the Wall Street Journal reports. Despite reintroducing the aspartame-sweetened beverage, PepsiCo says it will continue to sell a version sweetened with a blend of sucralose (Splenda) and acesulfame potassium (branded as “Ace K”) that began to appear on shelves last summer.
  • Kremlin compares Brexit to Soviet Union fall

    06/27/2016 2:20:02 PM PDT · by McGruff · 25 replies
    Ukraine Today ^ | June 27, 2016
    Moscow compares an uncertainty following Britain's referendum on its exit from the E.U. to the Soviet Union collapse. Dmitry Peskov, Russian President Putin's spokesman, stated this on June 27, UNIAN news agency reports. He adds that Moscow supports the idea of reviving good ties between his country and the U.K.