Business/Economy (News/Activism)

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  • Voters To Trump: Defeat ISIS, Cut Taxes, And Build Roads — IBD/TIPP Poll

    12/08/2016 7:29:15 AM PST · by IBD editorial writer · 20 replies
    Investor's Business Daily ^ | 12/8/2016 | John Merline
    After one of the most politically divisive elections in recent history, voters are generally in agreement about what should be at the top of Donald Trump's and the new Congress' agenda once they are sworn in next year, according to the first post-election IBD/TIPP poll. The poll asked the public to name which of seven agenda items should be the highest, second-highest and third-highest priorities for the new administration. Infrastructure spending came out on top, with 23% saying it should be Trump's top-most agenda, followed by "drain the swamp" (18%), lowering taxes (16%), and repealing ObamaCare, at 13%. However, when...
  • NBC Fears Trump’s Pick Will ‘Dismantle’ Obama’s EPA, CBS Smears(we're hopin'!)

    12/08/2016 7:09:09 AM PST · by rktman · 46 replies
    newsbusters.org ^ | 12/7/2016 | Nicholas Fondacaro
    News broke Wednesday that President-Elect Donald Trump had selected Oklahoma Attorney General, and active opponent to the Environmental Protection Agency, Scott Pruitt to lead that very same organization. Word of Trump’s latest pick sent liberal environmental groups into a panic along with networks CBS and NBC. “The president-elect filled more administration posts today, putting a global warming sceptic in charge of protecting the environment,” announced anchor Scott Pelley on CBS Evening News. CBS’s Nancy Cordes bemoaned Trump’s climate change switcheroo from earlier in the week. “Al Gore's meeting with Mr. Trump the other day gave environmentalists hope, but that hope...
  • Trump's administration: Veterans need not apply?

    12/08/2016 7:04:15 AM PST · by rktman · 33 replies
    americanthinker.com ^ | 12/8/2016 | Tom Trinko
    Some liberals are concerned that the veterans President Trump is appointing, or considering appointing, to key government positions will turn America into a dictatorship. One author wrote: Whatever the good intentions of the former officers who've been nominated, having a host of former generals in traditionally civilian positions would begin to erode principles of civil-military relations central to democracy, including civilian control and the political neutrality of the armed forces.
  • Labor Unions Were The Other Losers On Election Day

    12/08/2016 6:16:44 AM PST · by rktman · 14 replies
    townhall.com ^ | 12/8/2016 | Jason Hopkins
    Democrats weren’t the only ones who lost big on Election Day. Labor unions lost in key states across the country in November. Having already had their power in several states constrained following the 2010 mid-terms, labor unions will now be forced to play defense in more states legislatures where Democrats have faltered anew. Democrats lost control of the state House in Kentucky and the state Senate in Iowa. They also lost gubernatorial control in Missouri and New Hampshire. All four states will be under a Republican trifecta starting in 2017 – meaning their governors’ mansions and legislative chambers will be...
  • Don’t buy the lie that Obama’s leaving behind a healthy economy

    12/08/2016 4:43:49 AM PST · by ColdOne · 33 replies
    nypost.com ^ | 12/7/16 | Seth Lipsky
    The truth is that the Obama years have been among America’s worst for the economy. His eight years will go down in history as the Great Recession, even though for much, even most, of the span, we weren’t technically in a recession. It just felt that way. And no wonder. Obama’s is the only modern presidency that failed to show a single year of growth above 3 percent, a point Trump stressed during the campaign (and that was conceded even by the Web site Politifact). Plus, the Obama economy failed to prosper even though the Federal Reserve had its pedal...
  • Have Republicans Abandoned The Free Market?

    12/08/2016 3:15:18 AM PST · by expat_panama · 28 replies
    Investors Business Daily ^ | Dec. 7, 2016 6:31 PM ET | Editorial
    Economy: Pop quiz: Attach the correct name — either liberal President Obama or conservative Vice President-elect Mike Pence — to the following quotes. "The free market is the greatest force for economic progress in human history. It's led to a prosperity and a standard of living unmatched by the rest of the world." "The free market has been sorting it out, and America's been losing." If you guessed that Obama uttered the second quote, you're wrong. That was Mike Pence at a press conference in Indiana after Donald Trump announced his deal with Carrier to keep 1,000 jobs from shifting...
  • Study: The Recovery Is A Myth — There's Been No Recovery At All

    12/08/2016 3:07:52 AM PST · by expat_panama · 26 replies
    Investors Business Daily ^ | Dec. 7, 2016 6:39 PM ET | TERRY JONES
    President Obama has staked a great part of his legacy on the idea that he skillfully engineered a great recovery from the financial crisis. The Obama-friendly media routinely parrot the idea. But in fact, as a shocking new study from the nonpartisan U.S. Council on Competitiveness and the Gallup organization suggests, the so-called recovery doesn't exist. As recently as Oct. 11, less than a month before the election, the online publication The Hill ran this headline: "Obama's economic legacy ensures Democrats decades of success." No kidding. But it's a bit unfair to single them out: Others have run with similar...
  • China fines Medtronic $17 million on anti-monopoly charges

    12/07/2016 11:35:19 PM PST · by granada · 7 replies
    Associated Press ^ | December 7, 2106 | By AP
    BEIJING (AP) — Medical device maker Medtronic has been fined $17 million by Chinese anti-monopoly regulators in the latest effort by Beijing to force down what it sees as unreasonably high prices. Regulators concluded Medtronic, which supplies cardiovascular, restorative, and diabetes-related medical devices, suppressed competition by enforcing minimum prices its distributors were required to charge, the government said Wednesday. Foreign automakers, milk suppliers and other companies have faced similar penalties. Setting minimum prices is a common tactic in other markets but lawyers say Beijing appears to see them as a barrier to competition. "Competition in China's high-value consumables and implantable...
  • Wal-Mart to invest $1.3 billion in Mexico

    12/07/2016 8:45:22 PM PST · by Pinkbell · 38 replies
    Toledo Blade ^ | December 7, 2016
    MEXICO CITY — Retailer Wal-Mart de Mexico will invest $1.3 billion in logistics in Latin America's No. 2 economy, the company said today, a show of confidence in Mexico at a time of uncertainty after the election of Donald Trump. Recently, United Technologies Corp's Carrier unit decided to keep half of the 2,100 Indiana jobs it was to shift to Mexico after President-elect Trump worked out an agreement with the company's CEO, Gregory Hayes. A Wal-Mart Stores Inc. spokeswoman did not immediately respond to a request for comment on whether the world's largest retailer had heard from Trump after it made...
  • Trump ignores Gore’s advice, instead picks skeptic to head EPA & dismantle climate agenda

    12/07/2016 8:43:13 PM PST · by 867V309 · 64 replies
    climatedepot.com ^ | December 7, 2016 | Marc Morano
    “President-Elect Trump’s appointment of Scott Pruitt is a breath of fresh air. No longer do we have to suffer under President Obama’s ridiculous EPA ‘climate’ regulations. It is also refreshing that a Republican President is not throwing the EPA over to the green activists and the media by appointing a weak administrator. Christine Todd Whitman he is not!
  • Jerry Brown predicts ‘negative, and very powerful’ reaction if Donald Trump halts climate action

    12/07/2016 8:11:24 PM PST · by Mariner · 49 replies
    The Sacramento Bee ^ | December 7th, 2016 | By Christopher Cadelago
    In his global evangelism about the threat of climate change, Gov. Jerry Brown has dismissed skeptics as “troglodytes” and “deniers of the obvious science.” But Brown, who in recent years has emerged as a premier climate warrior, has refused to ascribe those characteristics to Donald Trump since his election as president, despite the Republican businessman’s support for fossil fuels and repeated dismissals of climate change as a hoax perpetrated by the Chinese. In brief remarks about the subject, Brown said Monday that it would be difficult for the U.S. to “go rogue” on climate change. He went further Tuesday in...
  • Trump says Goodbye to Free-Market Economics (sore loser alert)

    12/07/2016 8:03:27 PM PST · by Rebel2016 · 79 replies
    National Review ^ | 12/07/2016 | George Will
    So, this is the new conservatism’s recipe for restored greatness: Political coercion shall supplant economic calculation in shaping decisions by companies in what is called, with diminishing accuracy, the private sector. This will be done partly as conservatism’s challenge to liberalism’s supremacy in the victimhood sweepstakes, telling aggrieved groups that they are helpless victims of vast, impersonal forces, against which they can be protected only by government interventions Read more at: http://www.nationalreview.com/article/442852/donald-trump-carrier-ploy-repudiated-free-markets-conservatism
  • US Steel wants to accelerate investments, bring back jobs, CEO says

    12/07/2016 5:48:15 PM PST · by MaxistheBest · 40 replies
    CNBC.com ^ | 12/07/2016 | Michelle Fox
    <p>U.S. Steel CEO: All we've been looking for is fairness US Steel CEO: All we've been looking for is fairness 7 Hours Ago | 04:56 United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.</p>
  • Slavitt: 'no pride of authorship' with healthcare reform

    12/07/2016 4:38:55 PM PST · by spintreebob · 18 replies
    Modern Healthcare ^ | 2/7/2016 | Shelby Livingston
    Acting CMS Administrator Andy Slavitt on Wednesday urged all lawmakers to improve on the progress made by the Affordable Care Act, rather than plunge the healthcare industry into chaos if the ACA is repealed and inadequately replaced, or isn't replaced at all. “There should be no pride of authorship,” Slavitt said. “If we can improve upon the things that were started in the ACA, we should do it. It doesn't matter if that comes from a Democrat. It doesn't matter if it comes from a Republican. I would encourage people on both sides of the aisle to say, 'Let's take...
  • US Steel CEO: Could Rehire 10,000, Trump Victory Bringing ‘Environment of Positive Optimism’

    12/07/2016 4:28:44 PM PST · by Hojczyk · 93 replies
    Breitbart ^ | DECEMBER 7, 2016 | by PAM KEY
    Wednesday on CNBC’s “Power Lunch,” the CEO of U.S. Steel Mario Longhi said after the election of Donald Trump, he has “felt an environment of positive optimism where forces are converging to provide for a better environment,” which he hopes means he can rehire up to 10,000 employees. Longhi said, “I have not felt an environment of positive optimism where forces are converging to provide for a better environment in quite a while. And this is pretty widespread. Customer suppliers, you know, throughout the communities.” He added, “I’m more than happy to bring back the employees that we were forced...
  • Senate Clears Bill to Ease FDA Drug and Device Approvals

    12/07/2016 2:50:18 PM PST · by oblomov · 11 replies
    7 Dec 2016 ^ | Thomas M. Burton
    WASHINGTON—Passage of legislation aimed at speeding up Food and Drug Administration approvals, combined with an incoming president who has pledged to “cut red tape” at the agency, is expected to usher in a new, more industry-friendly era of drug and device regulation. The Senate on Wednesday cleared the measure known as the 21st Century Cures bill, which lays out in detail speedier and more pro-industry methods for the FDA to approve new drugs and medical devices. Its supporters, such as PhRMA, the drug-industry association, and AdvaMed, representing device makers, praise it as a way to bring about more innovation and...
  • FAIL: PRWeek’s ‘Survey’ of 22 PR Pros Found ZERO Predictions for Trump

    12/07/2016 2:47:53 PM PST · by Red Badger · 17 replies
    www.mrctv.org ^ | 12-07-2016 | Craig Bannister
    The pre-election predictions of communications professionals surveyed by PRWeek proved to be unanimously – and embarrassingly – wrong. Could every PR executive in the U.S. have been so off, or was this a case of media bias in choosing the "experts?” On Nov. 8, PRWeek published “They're with her: PR execs predict a resounding Clinton victory,” in which it reported the pre-election predictions of 22 communications professionals – not one of whom predicted Donald Trump would win the election. Not only were their predictions wrong, they were embarrassingly wrong, with some apparently more influenced by personal opinion than science. As...
  • What the Dakota Access Pipeline Is Really About

    12/07/2016 2:25:44 PM PST · by KeyLargo · 55 replies
    The Wall Street Journal ^ | Dec 7, 2016 | Kevin Cramer
    What the Dakota Access Pipeline Is Really About The standoff isn’t about tribal rights or water, but a White House that ignores the rule of law. Kevin Cramer A little more than two weeks ago, during a confrontation between protesters and law enforcement, an improvised explosive device was detonated on a public bridge in southern North Dakota. That was simply the latest manifestation of the “prayerful” and “peaceful” protests against the Dakota Access Pipeline. Escalating tensions were temporarily defused Sunday when the U.S. Army Corps of Engineers, at the direction of the Obama administration, announced it would refuse to grant...
  • Aide says Trump sold stocks in June, provides no evidence

    12/07/2016 2:11:59 PM PST · by SoFloFreeper · 21 replies
    yahoo/ap whiners ^ | 12/7/16 | Julie Pace, Chad Day fake journalists
    President-elect Donald Trump sold all of his stocks in June as he plunged into the costly general election campaign, his transition team abruptly announced Tuesday. His advisers provided no proof of the transactions and would not explain the apparent sell-off.
  • What You Need To Know About Scott Pruitt, Trump's Pick to lead the EPA

    12/07/2016 1:23:35 PM PST · by SeekAndFind · 59 replies
    DIGG ^ | 12/07/2016 | Benjamin Goggin
    On Thursday, sources confirmed to multiple media outlets that Donald Trump has chosen Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency. Earlier in the day, Trump's Homeland Security pick — retired general John Kelly (here's what you should know about him) — was also announced. The choice of Pruitt is bad news for environmentalists as he has led the charge nationally against President Obama's climate change policies. Here's what you need to know.Pruitt Has Recently Questioned The Validity Of The Science Behind Global Warming Pruitt’s opinion on climate change aligns with that of Trump, who repeatedly has...
  • Trump chooses pro wrestling magnate Linda McMahon to head the Small Business Administration

    12/07/2016 1:17:49 PM PST · by springwater13 · 142 replies
    U.S. President-elect Donald Trump plans to nominate professional wrestling magnate and former Senate candidate Linda McMahon as his choice to head the Small Business Administration, transition officials told Reuters on Wednesday. The announcement was expected later on Wednesday. McMahon, 68, is a co-founder and former CEO of the professional wrestling franchise WWE, which is based in Stamford, Connecticut. She ran unsuccessfully for a U.S. Senate seat in Connecticut in 2010. She was an early supporter of Trump's presidential campaign. The SBA, which has at least one office in every U.S. state, provides support to small businesses such as extending loans...
  • Opinion: Will Trump usher in an economic boom?

    12/07/2016 12:56:48 PM PST · by 2ndDivisionVet · 36 replies
    Market Watch ^ | December 7, 2016 | Darrell Delamaide
    Will President Donald Trump usher in an economic boom? In case you haven’t noticed, while liberals fret about who Trump is talking to on the phone and conservatives fret about trade wars and deficits, the stock market is going crazy. Irrational exuberance or eager anticipation of a rebounding U.S. economy unshackled from over-burdensome regulations, high corporate taxes and too-timid fiscal policy? Irrational exuberance or eager anticipation of a rebounding U.S. economy unshackled from over-burdensome regulations, high corporate taxes and too-timid fiscal policy? Paul McCulley, former chief economist for Pimco, says it’s the latter. “The market is essentially celebrating the end...
  • Speaker Ryan Retreats on H-2B Visa Outsourcing Program

    12/07/2016 12:31:19 PM PST · by conservativepoet · 99 replies
    Breitbart ^ | 12/7/2016 | Neil Munro
    GOP leaders, including House Speaker Paul Ryan, have quietly ended an unpopular 2015 program to annually outsource another 198,000 blue-collar jobs to lower-paid foreign workers.
  • Another Trump Win: Apple Supplier Foxconn Says It Is In Discussions To Expand US Operations

    12/07/2016 12:15:03 PM PST · by servo1969 · 17 replies
    Zerohedge.com ^ | 12-7-2016 | Tyler Durden
    There is over a month left until Trump's inauguration, and the President-elect's hard-hitting negotiating style may have scored yet another economic victory: according to a statement issued by Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, the company said it was in preliminary discussions to expand its operations in the United States. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," it said in a statement. Foxconn in its statement did...
  • Dow Jones at new record high; index exceeding 19,500

    12/07/2016 12:01:56 PM PST · by John W · 21 replies
    AP via WWLP ^ | December 7, 2016 | Jay Marley
    NEW YORK (AP) — Stocks are leaping to all-time highs in a broad rally Wednesday afternoon. Investors are seeking out stocks that pay large dividends as well stocks that tend to do better in times of faster economic growth, like technology and industrial companies. Drug companies are taking steep losses after President-elect Donald Trump said he wants to reduce drug prices.
  • Two sections of First Coast Expressway construction behind schedule

    12/07/2016 11:00:21 AM PST · by Tolerance Sucks Rocks · 6 replies
    The Florida Times-Union ^ | December 6, 2016 | Teresa Stepzinski
    Construction of two of the three sections of the multi-lane First Coast Expressway running through Clay County and neighboring Northeast Florida communities is behind schedule, according to Florida Department of Transportation officials, who cited a variety of factors for the delays. The expressway is a limited access toll facility is touted by elected officials and economic development authorities in Clay as being a gateway to new residential and commercial economic growth, which translates into an increased tax base. When completed, the expressway will span 46.5 miles. It be a connecting road outside of the existing Interstate 295 Loop between Interstate...
  • TV Host with Breast Cancer Forced to Remove Wig as Part of ‘Horrific’ TSA Body Search

    12/07/2016 10:08:15 AM PST · by Red Badger · 33 replies
    people.com ^ | Posted on December 7, 2016 at 11:28am EST | By Lindsay Kimble
    Denise Albert, the co-founder of The MOMS, is speaking out after what she calls an “horrific” pat down from Transportation Security Administration (TSA) agents at the Los Angeles International Airport on Sunday — all over medication related to her breast cancer treatment. Albert, who is a frequent guest on PIX11 Morning News, told the outlet that she was traveling through security when she was pulled aside by agents for a manual search. The cause for further search was a medical cream she had packed in her carry on luggage, Albert told PIX11. Albert wrote on The MOMS website that the...
  • ‘The Moms’ co-host Denise Albert, who is battling cancer, says she felt ‘violated’ during TSA search

    12/07/2016 10:05:00 AM PST · by Red Badger · 24 replies
    pix11.com ^ | Updated at 07:31pm, December 6, 2016 | by Talia Tirella and Dan Mannarino
    LOS ANGELES — A breast-cancer patient said she felt violated and humiliated in a public TSA search at Los Angeles International Airport Sunday after two security agents put her through what she called an aggressive pat down. Denise Albert, a frequent guest on the PIX11 Morning News and co-host of "The Moms," was traveling through LAX security when two TSA agents pulled her aside for a manual search because she was trying to bring a necessary medical cream with her on her flight, Albert said. "I always let them know I have a medical port and that I am wearing...
  • Now that Trump’s won, media suddenly notices that a lot of new jobs are crappy

    12/07/2016 10:00:06 AM PST · by C19fan · 28 replies
    Hot Air ^ | December 7, 2016 | Jazz Shaw
    You’re going to be seeing a shift in the way the media covers the news in the coming years with the change in management at the White House. Even though the inauguration is still quite a few weeks away, that process has already begun. Just to take one of the more glaring examples which you can reliably track each and every month, let’s take a look at the Washington Post’s coverage of the jobs reports which come out every month.
  • In phone call with Trump, Boeing chief pledges to work with new administration after [] tweet

    12/07/2016 9:33:48 AM PST · by GonzoII · 63 replies
    Chicago Tribune ^ | Monday, December 7, 2016 | Christian Davenport
    Hours after Donald Trump promised to kill the Air Force One procurement program, Boeing Chief Executive Dennis A. Muilenburg spoke with the president-elect on Tuesday, promising to work with the new administration and to keep the costs of the program down, according to a person with knowledge of the matter...
  • Reality Check: Job Market Rolling Over -- Rate Of Hiring Declines At Fastest Pace Since 2013

    12/07/2016 9:04:05 AM PST · by SeekAndFind · 11 replies
    Zero Hedge ^ | 12/07/2016
    On Wednesday the BLS reported Janet Yellen's favorite labor market indicator, the JOLTS survey, which as expected (since it tracked the modestly weaker October payrolls) showed that in October, the number of job opening dropped from the upward revised September print 5.631 million to 5.534 million, down some 97,000, if modestly better than the 5.5 million expected.  The number of job openings declined to a series low in July 2009, one month after the official end of the most recent recession. Employment continued to decline after the end of the recession, reaching a low point in February 2010.The October...
  • We Do Not Have a Trade Deficit, We have a capital surplus

    12/07/2016 8:34:45 AM PST · by SeekAndFind · 69 replies
    National Review ^ | 12/06/2016 | Kevin Williamson
    ‘Thank goodness for Kevin McCarthy!” isn’t something one says every day, but in the matter of President-elect Donald J. Trump’s backward and destructive plan to resurrect 19th-century tariffs, the gentleman from California is invaluable. Trump wants to impose 35 percent tariffs on . . . somebody. He does not seem quite sure. One of the reasons for that is that Trump has the question of trade deficits mixed up in his head with the question of offshoring and, like most Americans, he does not understand either of them very well. The president-elect, writing on Facebook (because that’s what presidents-elect...
  • How repealing Obamacare would punish the working class [Look: #fakenews]

    12/07/2016 8:10:45 AM PST · by SoFloFreeper · 18 replies
    Washington comPost ^ | 12/7/16 | Max Ehrenfreund #fakejournalist
    ....The ACA, also known as Obamacare, provides subsidies to help subscribers afford the cost of individual policies. The law also required all Americans, with a few exceptions, to have insurance. Without the subsidies or the requirement that all Americans have coverage, experts say the healthiest customers would cease buying insurance if they do not have policies through their employers or through the government. As a result, insurers would be forced to increase premiums to cover the cost of treating those sicker patients who remain. Many would find they could no longer afford coverage.
  • Trump administration a 'grand experiment,' says Barry Diller

    12/07/2016 6:31:53 AM PST · by Hojczyk · 11 replies
    CNBC ^ | DECEMBER 5, 2016 | Christine Wang
    Media executive Barry Diller said a Donald Trump administration is kind of like a "grand experiment." "Every day, we see things we've never seen before," Diller said Tuesday on CNBC's "Fast Money." While he remains skeptical of Trump, Diller, chairman of IAC, said he's interested to see what this development will bring. "Look, 50 percent of the country wanted things to continue as they were, 50 percent wanted change. The 50 percent that wanted change has gotten the chance for it. As far as I'm concerned, bring it on," he said. Diller said it appears the president-elect will bring about...
  • Trump Day One To-Do List: Repeal $1.7 Billion Of Dodd-Frank Rules

    12/07/2016 5:47:04 AM PST · by IBD editorial writer · 19 replies
    Investor's Business Daily ^ | 12/6/2016 | Staff
    Regulations: Donald Trump will have a busy first day if he plans to undo much of the damage inflicted on the economy by President Obama. Nevertheless, here's one more item to add to his list: Overturn $1.7 billion in Dodd-Frank rules. The Dodd-Frank financial "reform," passed by Democrats and signed into law by President Obama in 2010, is arguably the most misguided and economically harmful piece of legislation ever imposed on the country (the second, arguably, is ObamaCare). As we've noted in this space before, one of the main reasons the economy has been stuck in neutral for the past...
  • 2016: Person of the Year: Donald Trump

    12/07/2016 5:35:15 AM PST · by Beautiful_Gracious_Skies · 38 replies
    MSN ^ | December 7, 3016 | Michael Scherer
    Even for Donald Trump, the distance is still fun to think about, up here in his penthouse 600 ft. in the sky, where it’s hard to make out the regular people below. The ice skaters swarming Central Park’s Wollman Rink look like old-television static, and the Fifth Avenue holiday shoppers could be mites in a gutter. To even see this view, elevator operators, who spend their days standing in place, must push a button marked 66–68, announcing all three floors of Trump’s princely pad. Inside, staff members wear cloth slipcovers on their shoes, so as not to scuff the shiny...
  • Is There a Mismatch Between Productivity and Workers’ Income?

    12/07/2016 3:14:22 AM PST · by expat_panama · 44 replies
    The American Thinker ^ | December 7, 2016 | Joshua Anumolu
    An article by Lance Selfa, a columnist at the "Socialist Worker", argues that economic growth does not help working people: “One of the orthodox assumptions of both liberal and conservative economics is that a more productive economy leads to higher living standards. According to the theory, when workers are better educated and better trained, and when technology is intelligently deployed to increase economic efficiency, the overall economy produces more and workers earn more. Or so the theory goes. What's the evidence?” In fact, Selfa's argument has been routinely rejected by economists for the following reasons. First, the article ignores the...
  • Is Janet Yellen Sabotaging The Trump Administration?

    12/06/2016 8:07:38 PM PST · by Rockitz · 52 replies
    ZeroHedge.com ^ | 6 December 2016 | Dennis E. Miller via Tyler Durden
    Is Janet Yellen trying to screw Donald Trump? No, I’m not asking for possible titles to a porn movie (“Trump Gets Janet Yellin’” or “Trump Puts Down Ol’ Yellen”). But it really does seem like the Federal Reserve Chair(wo)man is out to get the Donald. Yellen recently told Congress’s Joint Economic Committee that an interest rate hike could be imminent if “incoming data provide some further evidence of continued progress toward the committee’s objectives.” Markets have already priced in a hike of a quarter to a half of a percentage point. For now, stocks continue to reach historic highs and...
  • St. Cloud couple file suit so they can deny wedding services to same-sex couples

    12/06/2016 6:19:33 PM PST · by ButThreeLeftsDo · 19 replies
    StarTribune.com ^ | 12/6/16 | Stephen Montemayor
    A St. Cloud husband-and-wife film company is challenging the constitutionality of Minnesota’s human rights act, arguing that they will be punished for refusing wedding services to same-sex couples. In one of the first challenges since same-sex marriage became legal in Minnesota, Carl and Angel Larsen’s Telescope Media Group filed suit Tuesday in federal court against the state’s commissioner of human rights and attorney general. The complaint describes the Larsens as “Bible-believing Christians” who “believe that many see marriage as a punch line for jokes, a means for personal gratification, an arrangement of convenience, or a method of achieving social status.”...
  • How Tech Can Help Save Democracy

    12/06/2016 5:19:28 PM PST · by spintreebob · 9 replies
    medium.com ^ | 11/29/16 | Ben Rattray
    Americans feel government doesn’t serve them, their voice isn’t heard. Most solutions focus on the next political battle. While short-term battles are important, we need long-term solutions more profound than better policies, politicians or parties; we need a better political system. Technology has been blamed for our current political environment; for social and economic disruption that led to disaffection, for spreading fake news. Well-designed technology offers the best chance of creating the political system needed: more participatory, responsive, informed democracy. It just hasn’t been built yet. Silicon Valley invested billions designing technology to improve industries; commerce, communications, travel, transportation. Less...
  • Microwave Fracking: Environmentally Friendly And Extremely Efficient

    12/06/2016 5:01:12 PM PST · by Hojczyk · 25 replies
    Manufacturing Talk Radio ^ | October 14,2016
    Fracking has faced serious opposition from environmental groups throughout the United States and the communities that surround these industrial operations. The main issue surrounding fracking is the disposal of wastewater that some fear could contaminate groundwater in these communities where fracking operations are located. It may sound like something out of a science fiction movie but hydraulic fracking could instead become microwave fracking. This new process is more efficient, safer and more environmentally friendly than traditional hydraulic fracking. The biggest concern with fracking is the disposal of wastewater. However with this new process water would be able to be eliminated...
  • Researchers Bypass Apple's Activation Lock on iPhones and iPads

    12/06/2016 3:42:35 PM PST · by LouieFisk · 12 replies
    Bleeping Computer ^ | December 2, 2016 | Catalin Cimpanu
    Two researchers have found a way to bypass the Apple Activation Lock on both iPhones and iPads, running the two most recent versions of iOS, 10.1 and 10.1.1.
  • Nebraska Democratic Party Chair Afraid Russia, Saudi Arabia Will Build Pipelines Through U.S.

    12/06/2016 2:37:30 PM PST · by Sub-Driver · 20 replies
    Nebraska Democratic Party Chair Afraid Russia, Saudi Arabia Will Build Pipelines Through U.S. BY: Jack Heretik December 6, 2016 4:58 pm Nebraska Democratic Party chair Jane Kleeb said in an interview with RT that she is afraid Russia and Saudi Arabia will build oil pipelines through the United States while Donald Trump is president. Kleeb brought up her concern while speaking with host Ed Schultz about the the ongoing controversy surrounding the Dakota Access Pipeline project and her strong opposition to the Keystone XL Pipeline. “You know what Trump is saying, that he’s going to get rid of the executive...
  • End of the Dark Age: Trump to restart space exploration rather than fund climate hoax

    12/06/2016 1:46:02 PM PST · by Jyotishi · 35 replies
    The Geller Report ^ | Monday, December 5, 2016 | Pamela Geller
    What wonderful news -- investing in actual science and divesting from leftwing lunacy. Some of man's greatest achievements and scientific discoveries came from space exploration. Obama changed NASA's mission from space exploration to Muslim outreach. NASA's Administrator explained that Obama had asked him to "find ways to reach out to dominantly Muslim countries." (More here: Obama 's stone age) TRUMP TO SEND MEN BACK TO THE MOON AND 'EXPLORE ENTIRE SOLAR SYSTEM' RATHER THAN FIGHT CLIMATE CHANGE The president elect could put men on the moon once again – and use money from the climate change budget to do it...
  • United Airlines will charge extra fee for use of overhead bins

    12/06/2016 1:14:37 PM PST · by T-Bird45 · 101 replies
    WMAR-TV2 ^ | 12/6/16 | Bretton Keenan
    BUFFALO, N.Y. (WKBW) - The coveted carry-on bag. Not checking your bag has its perks--avoid waiting around at baggage claim at the end of your flight, or worrying about losing it, and it's cheaper. Or, at least, it used to be. United Airlines just announced a new ticket option called "Basic Economy," banning the use of overhead bins for luggage. So now you're stuck with either paying for a checked bag, or paying for a more expensive ticket to bring it on the flight with you. According to a release from U.S. Sen. Charles Schumer's office, United expects the plan...
  • Disgruntled Democrats Want A Constitutional Convention To Leave The Union

    12/06/2016 12:54:31 PM PST · by Red Badger · 149 replies
    ntknetwork.com ^ | December 6, 2016 1:57 pm | Staff
    On Tuesday, disgruntled Democrats held a forum to discuss the possibility of replacing the Electoral College. Rep. Zoe Lofgren (D-CA) conceded that Democrats could not get rid of the Electoral College due to the way the United States Constitution is written. “I don’t think we can sustain our American democracy by having the majority ruled by the minority. And so the question is how to fix this since the Constitution is written in such a way that it’s almost impossible to amend,” Lofgren said. Lofgren went on to say she is open to a Constitutional Convention, “We are three states...
  • ABC NEWS Breaking: Trump Announces SoftBank to Invest $50 Billion, create 50,000 American Jobs!

    12/06/2016 11:28:48 AM PST · by tcrlaf · 257 replies
    ABC News ^ | 12-6-2016 | ABC NEws
    ABC News Verified account ABC 49 seconds ago Trump announces that Masayoshi Son, CEO of SoftBank, has agreed to invest $50 billion in U.S., create 50K new jobs.
  • SoftBank Pledges to Invest $50 Billion in U.S. After Meeting With Trump

    12/06/2016 12:24:03 PM PST · by Enlightened1 · 45 replies
    WSJ ^ | 12/06/16 | RYAN KNUTSON
    SoftBank Group Corp. Chairman and Chief Executive Masayoshi Son said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President elect Donald Trump. The Japanese billionaire, whose conglomerate controls Sprint Corp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision. In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he is setting up with Saudi Arabia’s sovereign-wealth fund and other...
  • Farmers: New proposed law in Town of Sweden (NY) could cripple our businesses

    12/06/2016 10:40:07 AM PST · by AbolishCSEU · 23 replies
    whec TV 10 ^ | November 23, 2016 | Brianna DiPilato
    Local farmers say a new proposed law in the Town of Sweden could cripple their businesses and potentially their livelihood. Best known for their U-Pick Pumpkin Patch and October events, McCracken Farms draws in people from all over the state every year. Now, the farm's owner, Paul McCracken tells us it might be more difficult to bring in all those visitors. "We've been doing this for over 30 years and now all of a sudden, here's a whole slew of zoning permits and special-use permits," says McCracken. "The list goes on and on, it's unnecessary." The newly required permits come...
  • Donald Trump Is Inheriting the Best Economy in a Generation Thanks to Obama

    12/06/2016 9:48:52 AM PST · by SeekAndFind · 91 replies
    Fortune ^ | 12/06/2016 | Chris Matthews
    Thanks, Obama! Donald Trump had a rocky campaign. And the transition has been bumpy as well. But he looks to be rolling onto the presidency on the smoothest economic path of any president in a long time. Data ranging from wage and job growth to manufacturing-sector indicators show that Donald Trump is getting an economy in better shape than any new president in a generation. Take a look at the following four indicators to see just how fortunate the President-elect is: GDP Growth The only indicator that shows Trump inheriting a generally weaker economy than is typical is GDP growth....