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Business/Economy (News/Activism)

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  • REVEALED: Inside the 76-page guide handed to migrants to evade borders through EU

    04/30/2016 3:34:16 PM PDT · by LucyT · 23 replies
    Express. UK News ^ | Sat, Apr 30, 2016 | Rebecca Perring
    A COMPREHENSIVE handy guide is being dispersed among migrants giving them tips on how to evade borders to travel through the promised land of Europe. The gleaming 76-page manual lists train routes, bus routes and complete maps of road networks for asylum seekers to make their whole way across the continent without stopping. It has been described as a "complete invasion plan" for Europe by frustrated lorry drivers who face daily break-ins to their freight as they travel across the continent. In a chilling warning, worried British politicians raised concerns the guide will feed into the hands of evil people...
  • Beer Becomes the Latest Scarcity in a Venezuela Crippled by Shortages

    04/30/2016 2:57:13 PM PDT · by PJ-Comix · 61 replies
    Wall Street Journal ^ | April 29, 2016 | JUAN FORERO and MAYELA ARMAS
    CARACAS, Venezuela—The largest private Venezuelan company and producer of 80% of the beer consumed here began to shut down its last beer plant on Friday, the latest deprivation in a country crippled by shortages. After Empresas Polar SA closed its three other beer plants over the past several days, the shutting of the San Joaquin plant, near Valencia, will leave just a week’s supply of beer, the company said. Like many other firms here, Polar blames the government, which hasn’t allocated the dollars the company needs to pay for imported raw materials such as malted barley. President Nicolás Maduro’s government...
  • MyVisaJobs.com Get your H1B Visa here

    04/30/2016 2:57:13 PM PDT · by spintreebob · 13 replies
    MyVisaJobs.com ^ | 4-3--16 | MyVisaJobs.com
    Top 100 H1B Visa Sponsors 2016 Salary is the average salary of all proffered salary on LCA or Form 9035. Sometimes the visa sponsors (employers) does not enter a specific salary, but a salary range. The number of LCA includes renewed, transferred and cap-exempt LCA. Department of Labor(DOL) typically certifies more than 3 times the number of foreign work requests than the number of H-1B visas issued by USCIS.
  • One Top Taxpayer Moved, and New Jersey Shuddered

    04/30/2016 10:36:42 AM PDT · by reaganaut1 · 35 replies
    New York Times ^ | April 30, 2016 | ROBERT FRANK
    Our top-heavy economy has come to this: One man can move out of New Jersey and put the entire state budget at risk. Other states are facing similar situations as a greater share of income — and tax revenue — becomes concentrated in the hands of a few. Last month, during a routine review of New Jersey’s finances, one could sense the alarm. The state’s wealthiest resident had reportedly “shifted his personal and business domicile to another state,” Frank W. Haines III, New Jersey’s legislative budget and finance officer, told a State Senate committee. If the news were true, New...
  • More U.S. gun regulation is inevitable (dumbasses)

    04/30/2016 10:18:21 AM PDT · by rktman · 19 replies
    chicagotribune.com ^ | 4/26/2016 | Francis Wilkinson
  • Election Season Reveals Rampant Economic Illiteracy Among Voters

    04/30/2016 8:03:16 AM PDT · by expat_panama · 45 replies
    Investors Business Daily ^ | May 2, 2016 | Editorial
    Education: Everybody talks about how the presidential primaries have uncovered intense voter anger at the political establishment. It’s actually revealed something more troubling: The widespread ignorance of basic economic truths that spans across the political spectrum. Has there ever been a bigger disconnect between economic reality and public perception? Polls taken during the primary season have found Democrats embracing socialism, Republicans rejecting trade, and majorities in both parties saying Wall Street is hurting the economy. That’s despite the general consensus among mainstream economists that none of these things is true. Take Democrats’ views on socialism... ...40% of Democrats say socialism...
  • No Gun Signs in Dallas Texas

    04/30/2016 2:14:19 AM PDT · by marktwain · 24 replies
    Ammoland ^ | 24 April, 2016 | Dean Weingarten
    I have been staying in the Dallas, Texas, metro area for 10 days now.  I have seen very few 30.06 signs or 30.07 signs. They are good sized signs and take up a considerable amount of space, so they are hard to miss, which is part of the legislative intent. I have noticed them in three places.  The sign pictured above is at the entrance to a Dallas pediatric center.  I was assisting my daughter in taking her son there for a checkup.  As she also has a 20 day old infant, an extra hand was appreciated.  The weather...
  • Saudi Arabia’s water minister sacked after complaints over tariffs (water crisis)

    04/29/2016 9:52:23 PM PDT · by TigerLikesRooster · 7 replies
    The National (UAE) ^ | April 24, 2016
    Saudi Arabia’s water minister sacked after complaints over tariffs April 24, 2016 Updated: April 24, 2016 07:10 PM RIYADH // Saudi Arabia’s King Salman fired the water and electricity minister following public complaints over a surge in prices less than six months after the government cut generous utility subsidies. Agriculture minister Abdel Rahman Al Fadhli will take over the water and electricity post from Abdullah Al Hasin, the official Saudi Press Agency reported on Saturday, citing a royal decree. Saudis turned to social media to express their anger after the increase in prices of water and the consumer protection association...
  • Road project opponents to pay hefty fees under proposed SC law

    04/29/2016 8:02:07 PM PDT · by Tolerance Sucks Rocks · 3 replies
    Myrtle Beach Online ^ | April 6, 2016 | Audrey Hudson
    Legislation moving through the state House and Senate would require that environmental groups using the legal system to object to road construction provide a sound basis for their claim before those projects are halted. Lawmakers supporting the bill, which includes almost all of the Horry County House delegation, say the legislation is needed to prevent the process from being abused to easily block road projects, including International Drive. “I started talking to folks on the coast, and they told me how any individual can just file an automatic stay against a project to slow it down for whatever reason,” said...
  • Why Sports Authority is throwing in the towel and closing all of its stores

    04/29/2016 6:54:23 PM PDT · by kaehurowing · 80 replies
    Pasadena Star News ^ | April 27, 2016 | Kevin Smith
    Why Sports Authority is throwing in the towel and closing all of its stores When struggling retailer Sports Authority filed for Chapter 11 bankruptcy last month in the face of more than $1 billion in debt, the company indicated that it had two options going forward. One of those was to shed underperforming stores and emerge from bankruptcy as an intact, but pared-down company. The other was to sell everything and cease operating. On Tuesday, the company appeared to choose the latter. . . . “With the minimum wage going up to $15 an hour and more people turning to...
  • Suit Accuses New York Times Executives of Bias (in age, race and gender)

    04/29/2016 3:09:55 PM PDT · by reaganaut1 · 16 replies
    New York Times ^ | APRIL 28, 2016 | SYDNEY EMBER
    Two women filed a federal lawsuit on Thursday against The New York Times, its chief executive and its chief revenue officer, saying that the company “has been engaging in deplorable discrimination.” In the lawsuit, Ernestine Grant and Marjorie Walker, both black women in their 60s employed in the advertising department at The Times, contend that the workplace under Mark Thompson, the chief executive, “has become an environment rife with discrimination based on age, race and gender.” A spokeswoman for The Times called the suit “entirely without merit” and said “we intend to fight it vigorously in court.’’ The women are...
  • Andrea Tantaros Won’t Be on Fox News, for Now

    04/29/2016 1:44:59 PM PDT · by afraidfortherepublic · 54 replies
    TV Newser ^ | 4-27-16 | Chris Ariens
    Andrea Tantaros won’t be on Fox News Channel for the time being. TVNewser got a tip earlier today regarding Tantaros. When we reached out to FNC, they sent us this statement: “Issues have arisen regarding Andrea’s contract, and Fox News Channel has determined it best that she take some time off. She is still under contract with the network.” Tantaros was last on Outnumbered on Monday. She got a shout-out Monday evening on The Five for her new book, Tied Up in Knots: How Getting What We Wanted Made Women Miserable. Tantaros was scheduled to call in to Bill Cunningham‘s...
  • Why 'Good' Jobs Matter (In 1 Recovery-Crushing Chart)

    04/29/2016 11:55:17 AM PDT · by Lorianne · 1 replies
    Zero Hedge ^ | 28 April 2016 | Tyler Durden
    Initial jobless claims continue to hover at 43 year lows, suggesting that everything is awesome in America - just ask President Obama. So why is US GDP not growing at 3.0%-plus as the 'models' would suggest? Simple - because job 'quality' matters and the chart below should slap that into the face of fiction-peddlers across the nation... (see chart below) Surging minimum-wage employment amid plunging manufacturing jobs - now that is a legacy to be proud of.
  • Obama Admits Couldn't "Convince Americans Of Recovery", Bashes 'The Big Short' (book, movie)

    04/29/2016 11:21:18 AM PDT · by Lorianne · 21 replies
    Zero Hedge ^ | 28 April 2016 | Tyler Durden
    Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in...
  • Former McDonalds CEO Warns Minimum Wage "Will Wipe Out 1000s Of Jobs"

    04/29/2016 11:10:55 AM PDT · by Lorianne · 47 replies
    Zero Hedge ^ | 29 April 2016 | Tyler Durden
    While this should be no surprise to any rational non-establishment-teet-suckling economist, former McDonalds' CEO Ed Rensi exclaims, in a recent Forbes Op-Ed, that "a $15 minimum wage won’t spell the end of [fast-food brands]. However it will mean wiping out thousands of entry-level opportunities for people without many other options." The $15 minimum wage demand, which translates to $30,000 a year for a full-time employee, is built upon a fundamental misunderstanding of a restaurant business (and we add simple supply and demand fundamentals) - just "do the math" Rensi rants... “They’re making millions while millions can’t pay their bills,” argue...
  • Atlantic City, America’s Worst-Rated Town, Stares at Default

    04/29/2016 10:40:44 AM PDT · by C19fan · 30 replies
    Wall Street Journal ^ | April 28, 2016 | Timothy W. Martin and Heather Gillers
    Atlantic City has so little money left that it could miss a $1.8 million bond payment due Sunday, a step that would make it the first New Jersey municipality to default on debt since the Great Depression. The Jersey Shore gambling destination has endured years of strain as a third of its casinos shut down. But now its cash levels are low enough that bankruptcy is a possibility for the 39,000-population city, according to Mayor Don Guardian.
  • The Real Identities Of 'Tyler Durden' And Zero Hedge Have Been Revealed

    04/29/2016 9:22:12 AM PDT · by blam · 61 replies
    Business Insider ^ | 4-29-2016 | Will Martin
    Will MartinApril 29, 2016The men behind the legendary finance blog Zero Hedge have been unmasked after one former blogger with the site revealed the identity of his employers. Speaking with Bloomberg reporters Tracy Alloway and Luke Kawa, Colin Lokey — described as a "political science graduate with an MBA and a Southern twang" — said he was part of a three-man team running Zero Hedge, the blog best known for its sensationalist headlines and bearish outlook on the world. Lokey, 32, says the other men behind the site are 37-year-old Daniel Ivandjiiski, a Bulgarian former hedge fund analyst, and Tim...
  • AMERICA IS HAMMERING TARGET: #BoycottTarget Petition Swells To Over 1 MILLION Signatures…

    04/29/2016 8:46:48 AM PDT · by BlackFemaleArmyCaptain · 52 replies
    More than 1,000,000 people have signed the boycott pledge against Target, following the secretive decision by executives to open all of their stores’ bathrooms and changing rooms to people of both sexes. “That’s a million families who are going to spread the word about Target, so they may not get those customers back,” or their money, said Tim Wildmon, president of the American Family Association, which has hosted the boycott.
  • UMass Faculty Senate Votes Against Student Demand to End Football [tr]

    04/29/2016 8:44:43 AM PDT · by pabianice · 23 replies
    UMass Daily Collegian ^ | 4/29/16 | Foster
    UMass Faculty Senate votes against sponsoring a motion supporting the discontinuation of the University’s football program University of Massachusetts faculty senators voted to defeat a motion that would have encouraged UMass administrators to discontinue Division I football at the University on Thursday. The vote followed a heated discussion about the motion among faculty, administrators and students. The motion, which was defeated by a vote of 26-14, would have urged Chancellor Kumble Subbaswamy, UMass system President Marty Meehan and the University’s Board of Trustees to discontinue Division I football, and move the program to a different division or discontinue it altogether....
  • Will Moose Thrive or Die Because of Climate Change?

    04/29/2016 8:36:30 AM PDT · by Oldeconomybuyer · 41 replies
    Scientific Amerian ^ | April 29, 2016 | By Shannon Hall
    Lee Kantar lost two moose calves this past weekend. They are just a few among many calves that did not survive their first year in the forests of Maine. Kantar, a moose biologist for the state’s Department of Inland Fisheries and Wildlife, has only been tracking calves for a few years but early death is a trend he and others can see across the animal's southern range, which stretches through the northern U.S. and Canada. Scientists speculate that young and adult moose alike are plagued by new diseases and parasites. Brain worm and winter ticks, for example, are both worsening...
  • Bill Nye, UN Climate Scientist Warn Moviegoers to Shun Film’s 1-Day Theater Release:

    04/29/2016 8:13:21 AM PDT · by rktman · 47 replies
    mrctv.org ^ | 4/29/2016 | Craig Bannister
    Leading climate activists are warning moviegoers to shun the May 2nd nationwide one-day theater screening of “Climate Hustle,” a new film debunking climate alarmism and its big government solutions. Bill Nye (not a real “science guy,” FYI), who entertains the idea of throwing climate skeptics in the slammer, warned the film’s producer, Climate Depot publisher Marc Morano, that “Climate Hustle’s” content endangers not just the nation, but also the world: “I think it will expose your point of view as very much in the minority and very much not in our national interest and the world’s interest." U.N. Climate Scientist...
  • Brits Wanting To Leave the EU Spikes After Obama Tried To Convince Them To Stay In It(T)

    04/29/2016 7:28:58 AM PDT · by rktman · 44 replies
    townhall.com ^ | 4/28/2016 | Matt Vespa
    Opponents of Britain's European Union membership have edged into the lead over the past two weeks, according to a YouGov poll which indicated President Barack Obama's intervention failed to swing support behind "In" vote in a June 23 referendum. The online survey for The Times taken on April 25-26 showed support for the Out campaign had risen 3 percentage points to 42 percent since a similar survey on April 12-14, while support for the "In" campaign had risen 1 percentage point to 41 percent.
  • Senate Democrats push climate change bond bill

    04/29/2016 7:13:36 AM PDT · by rktman · 9 replies
    thehill.com ^ | 4/27/2016 | Devin Henry
    The bill is unlikely to find much support in the GOP-controlled Senate. But Boxer, who is retiring from Congress, said she wants to put this in motion now, and Durbin volunteered to take up the mantel when Boxer is gone. “I hope, if we can’t pass this this year, I can take up the flag and carry it in her name in years to come so when we talk about finally passing this, it will be known as Barbara Boxer’s legacy,” he said.
  • Economic Growth Worst In Two Years As Investment, Durables Spending Fall

    04/29/2016 4:33:20 AM PDT · by expat_panama · 30 replies
    Investors Business Daily ^ | April 29, 2016 | JED GRAHAM
    After crawling ahead at just a 0.5% annual pace in the first quarter, the slowest in two years, the American economy is due for a bounce — but how high? The jury is out whether the economy has simply hit another speed bump or is facing a more fundamental slowdown, but some details in Thursday’s Commerce Department report point to the latter. U.S. GDP also fizzled at the start of 2014 and 2015, shrinking 0.9% in the former and edging up 0.6% last year... Yet it’s iffy whether the economy can rebound to the same extent... On the plus side,...
  • Read the Sign Posted in Target Bathroom That’s Outraged Customers [VIDEO]

    04/28/2016 7:22:21 PM PDT · by Tolerance Sucks Rocks · 56 replies
    Constitution.com ^ | April 28, 2016 | Philip Hodges
    A sign posted in a Target bathroom stall cautioned female customers that men can now use the women’s restroom because of the company’s recent policy. The sign left many people baffled and outraged.The sign was posted in the women’s restroom in a Keizer, Oregon Target. It read: Attention Ladies:Target Corp. has publically announced that Men may now use the Women’s restroom (and vice versa), no questions asked. The sign further implored other customers to “please be cautious” and to “report suspected hidden cameras” and “loitering or peeping individuals.” In addition, it called on parents to “use [their] good judgment about...
  • Target Boycott million minus 1,500

    04/28/2016 7:05:05 PM PDT · by CharlesOConnell · 63 replies
    American Family Association ^ | 4/28/2016 | CharlesOconnell
    https://www.afa.net/action-alerts/sign-the-boycott-target-pledge/
  • Good news: 33% of millennials don’t like socialism

    04/28/2016 4:23:51 PM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 04/28/2016 | Taylor Millard
    Jazz Shaw wrote yesterday on this, showing a lot of concern about the Harvard IOP poll reporting capitalism has only a 42% approval rating by millennials. He’s got really good points, but only partially mentions the fact socialism isn’t doing that much better with young people. Here’s what the poll found (emphasis mine): Majority of 18- to 29-Year-Olds Reject Both Socialism and Capitalism. When 18- to 29-year-old young Americans were asked whether or not they support socialism, capitalism, and other political theories and labels, a majority reject both socialism and capitalism. Socialism is supported by 33% of young Americans,...
  • Icahn: Republicans don’t understand economics and it’s killing the country

    04/28/2016 4:09:53 PM PDT · by mrsmith · 65 replies
    cnbc ^ | 4/28/2016 | Everett Rosenfeld
    "...Icahn, who Trump had previously suggested could serve as his Treasury secretary, warned that markets will have a "day of reckoning" without fiscal stimulus, and argued that the U.S. government "certainly could do more spending." "The Republican Party that I used to be more sympathetic with — I'm right in the middle now, although as you know I'm for Trump — but what I would say is Congress is in this massive gridlock," he said, explaining that the Republican-controlled body is "obsessed with this deficit to a point that I think it's almost pathological..." "
  • CNN #1 In Cable News in Prime Time; Beats Fox News for 5 of Last 8 Months

    04/28/2016 4:09:40 PM PDT · by SeekAndFind · 94 replies
    CNN ^ | 04/28/2016
    NN Posts Triple Digit Growth in Prime Time; Most in TV Narrows Gap with Fox News in Total Day to Smallest in Over Seven Years CNN also #1 on Weekends CNN ranked #1 in cable news in prime time in April. CNN beat Fox News for the fifth time in the last eight months in M-Su prime time (four of the past eight in M-F prime) among adults 25-54. The last time CNN had this many prime time wins in an eight-month period versus Fox News was over 14 years ago (Nov. 2001). CNN also handily topped MSNBC this month...
  • Automating Ourselves To Unemployment: How shortsighted policies are creating a long-term crisis

    04/28/2016 2:51:54 PM PDT · by SeekAndFind · 14 replies
    Peak Prosperity ^ | 04/28/2016 | Adam Taggart
    Students of Austrian business cycle theory are familiar with the term malinvestment. A malinvestment is any poor use of resources or capital, commonly made in response to bad policy (usually artificially low interest rates and/or unsustainable increases in the monetary supply). The dot-com bubble that popped in 2001? The housing bubble that similarly burst in 2008? Those were classic examples of malinvestment.With this article, I'd like to introduce a related term: malincentive. While not part of the official economic lexicon, I consider a 'malincentive' a useful word to describe any promise of short-term gain whose long-term costs outweigh any...
  • Learning to Love (Tolerate?) Big Government

    04/28/2016 2:37:05 PM PDT · by nickcarraway · 6 replies
    APRIL 26, 2016 | Justin Fox
    Learning to Love (Tolerate?) Big Government (Link only, per rules)
  • Islamic State turns to selling fish and cars

    04/28/2016 1:04:03 PM PDT · by StCloudMoose · 18 replies
    reuters ^ | 4/28/16
    Islamic State earns millions of dollars a month running car dealerships and fish farms in Iraq, making up for lower oil income after its battlefield losses, Iraqi judicial authorities said on Thursday. Security experts once estimated the ultra-radical Islamist group's annual income at $2.9 billion, much of it coming from oil and gas installations in Iraq and Syria. The U.S.-led coalition has targeted Islamic State's financial infrastructure, using air strikes to reduce its ability to extract, refine and transport oil and so forcing fighters to reportedly take significant pay cuts. Yet the militants, who seized a third of Iraq's territory...
  • Dow slides under 18,000 after tepid economic data

    04/28/2016 12:33:06 PM PDT · by John W · 11 replies
    marketwatch.com ^ | April 28, 2016 | Sue Chang & Ellie Ismailidou
    U.S. stocks bounced off session lows on Thursday, but the Dow Jones Industrial Average remained below 18,000-mark after data showed the U.S. economy grew at its slowest pace in two years during the first quarter. Tepid gross domestic product data in the first quarter has prompted investors to reassess whether the market’s current valuation is warranted given muted earnings and slower growth, said Bruce McCain, chief investment strategist at Key Private Bank. “The retreat reflects uncertainties among investor on whether the fundamentals support what they are paying for stocks,” he said. Still, the market is not tanking as much as...
  • Gas plant proposal subject of novel suit Young plaintiffs: Harm to climate hits us hardest

    04/28/2016 12:28:45 PM PDT · by CMB_polarization · 10 replies
    The Daily Sentinel ^ | April 27, 2016 | Dennis Webb
    The proposed Jordan Cove liquefied natural gas plant’s environmental impacts are being singled out in a novel lawsuit in which youths are taking on the federal government because of the consequences they say their generation will have to live with as a result of climate change. That lawsuit, which includes young plaintiffs from Colorado, is gaining widespread attention for having cleared an initial legal hurdle earlier this month. A federal magistrate judge rejected motions by the government and industry groups to dismiss the case. According to the ruling by the Oregon judge, Thomas Coffin, the suit essentially alleges that the...
  • Trump Camp: Cruz-Fiorina Is the ‘Outsourcing Ticket’

    04/28/2016 11:52:29 AM PDT · by monkapotamus · 89 replies
    Breitbart ^ | April 28, 2016 | Julia Hahn
    “Carly Fiorina pioneered– pioneered– the practice of outsourcing jobs,” Miller said. “Her great legacy in business has been in finding a way to shift jobs to lower wage countries and replacing American workers with foreign workers. So I think we can all say that Ted Cruz, who supports offshoring jobs, and Carly Fiorina, who supports offshoring jobs, they’re now officially the outsourcing ticket.” “A critical issue for the state of Indiana is steel production and manufacturing,” Miller said, noting that, “on the crucial trade vote in 2015, Ted Cruz voted for Barack Obama’s trade bill that would destroy… the middle...
  • Congress to Air Force: You Can't Retire the A-10 Until the F-35 Proves It's Better

    04/28/2016 12:03:53 PM PDT · by Stand Watch Listen · 59 replies
    Popular Mechanics ^ | Apr 27, 2016 | Kyle Mizokami
    Congress to Air Force: You Can't Retire the A-10 Until the F-35 Proves It's Better Legislators want proof the F-35 can take over the aging tank-killer's job Congress threw down the gauntlet at the Air Force on Monday, introducing legislation to mandate keeping the A-10 Thunderbolt II—affectionately known as the Warthog—in service until the service can prove the new F-35 Joint Strike Fighter can take over its job. As reported by DefenseNews, Chairman of the House Armed Services Committee Mack Thornberry has introduced legislation to forbid the Air Force from retiring the plane. Thornberry's proposed law would prohibit the Air...
  • Icahn: We're out of Apple, and it's China's fault

    04/28/2016 11:54:25 AM PDT · by ImJustAnotherOkie · 22 replies
    CNBC ^ | 4/28/2016 | Jacob Pramuk
    Billionaire investor Carl Icahn told CNBC on Thursday he has sold his Apple position as the tech giant's stock continues to shed value after disappointing earnings. "We no longer have a position in Apple," Icahn told CNBC's "Power Lunch," noting Apple is a "great company" and CEO Tim Cook is "doing a great job."
  • Larry Summers joins bitcoin firm as a senior advisor

    04/28/2016 11:40:56 AM PDT · by posterchild · 11 replies
    finance.yahoo.com ^ | Apr 28, 2016 | Daniel Roberts
    Digital Currency Group is busy these days. In the last four months alone, the company acquired the biggest bitcoin news site, CoinDesk, and along with it, the biggest bitcoin conference, Consensus; it also gave money to Coin Center, the bitcoin industry's nonprofit advocacy group. On Thursday, DCG announced a laundry list of new investors and additions to its team, and among them is one very big name: Larry Summers. Summers, former Treasury secretary and former president of Harvard University, is joining DCG as a senior advisor. It is a reminder that Summers believes in the future of bitcoin, the crypto-currency...
  • Trump's foreign policy speech left experts puzzled or appalled

    04/28/2016 11:17:56 AM PDT · by SteveH · 122 replies
    the fiscal times ^ | april 28 2016 | rob garver
    Donald Trump gave an amazing speech about his approach to US foreign policy on Wednesday, at least according to Donald Trump. At an event sponsored by the Center for the National Interest, the Republican presidential frontrunner delivered a 5,000-word speech touching on his criticisms of the Obama administration’s approach to national security, the need to whip US allies into shape, and promised that he alone can restore what he described as the lost standing of the US in world affairs. A Trump foreign policy would eschew “nation building” but would still somehow promote stability worldwide. It would teach our allies...
  • 'Climate Hustle' will rock alarmists to their core(NOT!)

    04/28/2016 8:01:27 AM PDT · by rktman · 22 replies
    wnd.com ^ | 4/28/2016 | George Escobar
    Have you ever been deceived by a “confidence” artist, plying their trade? No? Think again. We’ve all been victimized, whether we know it or not. It’s called the “Climate Hustle” and scientists, politicians, educators, entertainers, business people, and even the president are willing perpetrators in the greatest con job in our lifetime. On Monday, May 2, 2016, during a one-night nationwide theatrical engagement, see for yourself the unmasking of this fraud in a powerful documentary, “Climate Hustle” that demolishes the climate change agenda. This could be the most important movie of the year. Here’s why: President Obama claimed at the...
  • Flooded With Migrants, Germany Struggles to Integrate Them

    04/28/2016 7:47:11 AM PDT · by reaganaut1 · 32 replies
    New York Times ^ | April 27, 2016 | ALISON SMALE
    ... [O]fficials now warn that, even with special courses and attention, many of those staying will lack suitable labor skills — a shift from initial buoyant predictions from industry, which needs workers. Most of the migrants come from countries where schooling lasts years less than in Germany, said Karl Brenke, a labor and migration expert at the German Institute for Economic Research. Qualifications are difficult to compare. Already, there are 14 people competing for a basic unskilled job, Mr. Brenke said. He provided figures showing that the number of employable people who are jobless and living on welfare had swelled...
  • America's earnings recession just got worse

    04/28/2016 6:42:39 AM PDT · by Lorianne · 13 replies
    CNN ^ | 27 April 2016 | Patrick Gillespie
    Weak global growth is closing consumers' wallets, while the strong dollar is only making iPhones and other American goods more expensive for foreign buyers. Add on still-low oil prices and Corporate America is facing major headwinds. "It's like these companies are trying to play basketball but the tar is melting and sticking to their sneaks. Not fun to watch," says Jack Kramer, co-founder of MarketSnacks, a financial newsletter. Apple's stock quickly fell more than 7% when markets opened Wednesday after it revealed its first annual sales growth decline since 2003. Reeling from its E. coli scare late last year, Chipotle...
  • Radisson Hotel Chain Is Latest U.S. Giant to Be Snapped Up By Chinese

    04/28/2016 5:55:40 AM PDT · by C19fan · 16 replies
    AP ^ | April 28, 2016 | Staff
    A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, which owns brands including Radisson and Country Inns and Suites, the latest in a flurry of overseas investments by Chinese companies. HNA Tourism Group will acquire all of Carlson Hotels Inc., the companies said in a joint statement released late Wednesday that did not disclose the purchase price.
  • US advance Q1 GDP up 0.5% vs. 0.7% expected (PATHETIC!)

    04/28/2016 5:54:35 AM PDT · by BradtotheBone · 26 replies
    CNBC.Com ^ | April 28, 2016 | Luke Sharrett
    U.S. economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, the slowest since the first quarter of 2014, the Labor Department said on Thursday in its advance estimate, also as businesses doubled down on efforts to reduce unwanted merchandise clogging up warehouses. The economy was also blindsided by cheap oil, which has hurt the profits of oil field companies like Schlumberger and Halliburton, resulting...
  • Cruz Picks Nation’s Most Aggressive Champion of Offshoring as Vice President

    04/28/2016 5:06:54 AM PDT · by maggief · 77 replies
    Breitbart ^ | April 28, 2016 | Julia Hahn
    After being mathematically eliminated from reaching 1,237 delegates, Sen. Ted Cruz (R-TX)97% responded by appointing former Hewlett Packard CEO Carly Fiorina as his running mate. The appointment, however, could have unintended consequences given Fiorina’s pivotal role in developing the controversial offshoring model favored by tech companies today. In particular, Fiorina’s record could shine unwanted attention on what has been a similarly uncomfortable area for Sen. Ted Cruz, such as Cruz’s offering an amendment to increase the H-1B program by 500 percent, his 2015 vote to continue allowing Chinese currency manipulation, and his 2015 vote to fast track President Obama’s Trans-Pacific...
  • How would President Trump stop a business from moving overseas?

    04/28/2016 4:57:07 AM PDT · by expat_panama · 161 replies
    American Thinker ^ | April 28, 2016 | Silvio Canto
    Let me agree with Mr. Trump, and supporters, that it's a very bad idea for U.S. companies to move overseas and take those jobs elsewhere. I have personally seen the consequences of these moves in Mexico. You can see all of these companies in the industrial sectors of Monterrey, Queretaro, Tijuana, and other Mexican cities. They are down there hiring Mexicans, from floor sweepers to engineers to lots of people with university degrees. They are hiring professionals from the top schools south of the border. Again, I don't like it but what can a U.S. president really do about it?...
  • Looting On the Rise As Venezuela Runs Out of Food, Electricity

    04/28/2016 4:55:05 AM PDT · by Oldeconomybuyer · 50 replies
    PanAm Post ^ | April 27, 2016 | by Sabrina Martín
    Food Producers Alert They Have Only 15 Days Left of Inventory amid Rampant Inflation. Despair and violence is taking over Venezuela. The economic crisis sweeping the nation means people have to withstand widespread shortages of staple products, medicine, and food. So when the Maduro administration began rationing electricity this week, leaving entire cities in the dark for up to 4 hours every day, discontent gave way to social unrest. On April 26, people took to the streets in three Venezuelan states, looting stores to find food. Maracaibo, in the western state of Zulia, is the epicenter of thefts: on Tuesday...
  • Significant Premium Hikes Expected Under Obama Health Law

    04/28/2016 4:33:12 AM PDT · by Oldeconomybuyer · 27 replies
    ABC News ^ | April 28, 2016 | By Ricardo Alonso-Zaldivar
    Expect insurers to seek significant premium increases under President Barack Obama's health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer. Insurers say the law's coverage has been a financial drain for many of them, and they're setting the stage for 2017 hikes that in some cases could reach well into the double digits. For example in Virginia, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent. The health law's nagging problems seem to center on lower-than-hoped-for enrollment, sicker-than-expected...
  • Why “The Grave Dancer” Is Cashing Out Once Again Sam Zell has called the top again …

    04/27/2016 7:53:32 PM PDT · by Lorianne · 8 replies
    Casey Research ^ | 26 April 2016 | Justin Spittler
    Sam Zell has called the top again… Zell is a real estate mogul and self-made billionaire. He made a fortune buying property for pennies on the dollar during recessions in the 1970s and 1990s. This earned him the nickname “The Grave Dancer.” Zell was also one of the only real estate gurus to spot the last property bubble and get out before it popped. In February 2007, he sold $23 billion worth of office buildings. U.S. commercial property prices peaked nine months later and went on to plunge 42%. • Zell is seeing a similar situation in today's market… His...
  • Oil Crash Creates Glut Of Petroleum Engineers – More Layoffs Coming

    04/27/2016 7:35:00 PM PDT · by Lorianne · 14 replies
    Oil Price ^ | 24 April 2016 | Michael McDonald
    For many years one of the most lucrative jobs in the already lucrative field of engineering was as a petroleum engineer. While industrial, mechanical, and chemical engineering grads all commanded respectable salaries, usually ranging from $55,000 to $75,000, in recent years petroleum engineering salaries often top $100,000 or more. The days of that prosperity are ending or at least on hold for now though. Jobs for petroleum engineers are becoming increasingly scarce even for grads from traditionally good universities. Part of the problem is that as U.S. shale oil boomed, so did the number of petroleum engineering grads. There are...