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Business/Economy (News/Activism)

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  • Under Obamacare, Hospitals Merge, Doctors Merge, and Patients Pay More for Less

    11/25/2015 3:26:37 AM PST · by markomalley · 7 replies
    National Review ^ | 11/25/15 | Scott W. Atlas, MD
    Years after the initial rollout of the Affordable Care Act, the American people, the health-care industry, and the courts still struggle to navigate the law. Its heavy regulations and new tax burdens have generated numerous consequences, many of which are harmful to patients and families. Although supporters point to the millions of newly insured under the law, the truth is, that as many as 90 percent of those are estimated to have enrolled into Medicaid, second-class coverage that, according to a 2014 Merritt Hawkins report, most doctors do not even accept. Even worse, the government’s Department of Health and Human...
  • Emails: CNN Reporter Coordinated With Hillary Aide To Smear Rand Paul During 2013 Benghazi..

    11/25/2015 2:24:18 AM PST · by markomalley · 9 replies
    Daily Caller ^ | 11/25/15 | Chuck Ross
    A CNN reporter who was recently suspended for two weeks violating the network’s editorial guidelines showed up in a new trove of State Department emails released on Tuesday in which she appears to have coordinated social media posts with a top Hillary Clinton State Department aide during the former secretary of state’s Jan. 23, 2013 Senate testimony about the Benghazi attacks.The emails, which were released to the website Gawker, show that Elise Labott, a foreign affairs reporter at CNN, took guidance from Clinton aide Philippe Reines by posting a tweet criticizing Kentucky Sen. Rand Paul for asking Clinton tough questions...
  • New Social Security rules

    11/24/2015 8:27:50 PM PST · by FR_addict · 23 replies
    Fidelity.com ^ | 11/04/2015 | Fidelity
    A new law means that two claiming strategies will be off the table in the coming months. The recent budget agreement did more than authorize the federal government to engage in additional borrowing, it also changed the rules for claiming Social Security. Going forward, two claiming strategies that had given some couples the potential for higher lifetime benefits will no longer be available.* Closing the door on two strategies What do you need to know? Social Security strategies are built around the fact that you can start to claim benefits as early as age 62, but if you defer, the...
  • Chinese children learn to Code as American kids learn to Twerk

    11/24/2015 6:48:44 PM PST · by Lorianne · 17 replies
    China Money Report ^ | 23 November2015 | D. Collins
    Nanjing mother Zhang Minyan began encouraging her 5-year-old daughter to learn coding from Wu after watching a video of an American child who wrote an app for friends so they could share their views on Canadian singer Justin Bieber, she said. Before that, Zhang hadn’t thought it was necessary for children to learn. ‘Big impression’ “That made a big impression on me,” Zhang, 32, recalls. “I thought, since my child is playing games on an iPad everyday already, why not give her some guidance and let her learn something in the process?” Also children are learning to code in other...
  • China now runs 4 of the world’s 5 biggest banks

    11/24/2015 6:46:55 PM PST · by Lorianne · 4 replies
    China Money Report ^ | 06 August 2015 | D.Collins
    China has become a banking powerhouse. Four of the five largest banks in the world are Chinese, according to SNL Financial’s latest global bank rankings. It’s a big change from the past few years when only two Chinese banks made the top five. Beijing-based Industrial & Commercial Bank of China holds the top spot with assets valued at $3.5 trillion. That means the bank is worth more than the entire value of the British economy. The only non-Chinese bank remaining in the top five is HSBC, which is eadquartered in London. It fell several spots to position No. 4 this...
  • Is there anyplace left for Christians to shop?

    11/24/2015 5:23:19 PM PST · by Extremely Extreme Extremist · 25 replies
    Well, it’s that time again – time to get out the Christmas list and start hitting the stores. The problem is – what stores? For any Christian who wants to spend hard-earned dollars with family-friendly, Christian-affirming retailers, restaurants and service providers, the list is growing shorter all the time. I stopped shopping at Macy’s in 2011 after learning about the retailer’s grossly unjust policy against women. Macy’s management said “yes” to a transsexual young man’s demand to change in the women’s dressing room and rejected a Christian employee’s attempt to block his inappropriate access, even firing her because of her...
  • Elite funds prepare for reflation and a bloodbath for bonds

    11/24/2015 3:45:04 PM PST · by NRx · 11 replies
    The Telegraph ^ | 11-24-2015 | Ambrose E Pritchard
    One by one, the giant investment funds are quietly switching out of government bonds, the most overpriced assets on the planet. Nobody wants to be caught flat-footed if the latest surge in the global money supply finally catches fire and ignites reflation, closing the chapter on our strange Lost Decade of secular stagnation. The Norwegian Pension Fund, the world's top sovereign wealth fund, is rotating a chunk of its $860bn of assets into property in London, Paris, Berlin, Milan, New York, San Francisco and now Tokyo and East Asia. "Every real estate investment deal we do is funded by sales...
  • Ted Cruz's Protectionist Gamble

    11/24/2015 3:14:52 PM PST · by conservativejoy · 24 replies
    National Review ^ | 11/24/2015 | Elaina Plott
    On Friday, during a campaign stop in Harlan, Iowa, Ted Cruz made clear his stance on President Obama's Trans Pacific Partnership (TPP), telling a crowd of supporters that the colossal 12 nation trade accord was "deeply concerning." "There are a number of Republicans on that [debate] stage who support TPP, who support [Trade Promotion Authority (TPA)]," Cruz said, according to the Des Moines Register. "I voted against TPA, and I intend to vote against TPP." Now that the 5,594-page text of the TPP has been made public, grassroots conservatives are voicing their case against the deal, and Cruz is staking...
  • ‘Cosmo’ Praises Incest

    11/24/2015 2:38:07 PM PST · by markomalley · 66 replies
    Big Hollywood ^ | 11/24/15 | Kipp Jones
    In an article celebrating the incestuous relationship of a brother and sister who met for the first time as adults, Cosmopolitan magazine defies “the last taboo” and argues that, by virtue of shared genetics, a brother and sister coupling creates a “perfect storm” that others might be missing out on.The leftwing publication has a history of pushing liberal social causes—whether its celebrating a woman who posted on Facebook a video of herself having an abortion, advocating for gender neutral restrooms, or praising the Kardashian/Jenner family as “America’s First Family.” Now Cosmo is pushing the taboo of incest and seemingly overlooking...
  • Jeff Bezos beats Elon Musk's SpaceX in the reusable rocket race

    11/24/2015 1:00:25 PM PST · by Hojczyk · 10 replies
    ENGADGET ^ | November 24, 2015 | Steve Dent
    Blue Origin, the private space firm owned by Amazon's Jeff Bezos, has just dropped a huge gauntlet in the race to develop a reusable rocket. It just launched its New Shepard space vehicle (video, below), consisting of a BE-3 rocket and crew capsule, to the edge of space at a suborbital altitude of 100.5 kilometers (62 miles). The capsule then separated and touched down beneath a parachute, but more importantly, the BE-3 rocket also started its own descent. After the rockets fired at nearly 5,000 feet, it made a a controlled vertical landing at a gentle 4.4 mph. So far,...
  • The Closing Of The Global Economy

    11/24/2015 12:18:26 PM PST · by Lorianne · 1 replies
    Zero Hedge ^ | 23 November2015 | Joseph Calhoun via Zero Hedge
    don’t often write about global geopolitics because I think, in general, investors spend too much time worrying about things they can’t control or aren’t going to happen or wouldn’t matter much if they did. The best example is the Middle East which has been a mess my entire life and long before it for that matter. Changing your investments based on the latest threat in or from the Levant is a recipe for constant chaos. The only accurate prediction about the Middle East will always be that the various factions that have been fighting for centuries will continue to fight....
  • Take that! Obama: Climate summit a ‘powerful rebuke’ to terrorists

    11/24/2015 12:09:55 PM PST · by Red Badger · 32 replies
    www.climatedepot.com ^ | November 24, 2015 12:56 PM | By: Marc Morano
    President Obama declared Tuesday that next week’s climate change summit in Paris would be a “powerful rebuke” to terrorists, speaking alongside French President Francois Hollande at a joint news conference. “Next week, I will be joining President Hollande and world leaders in Paris for the global climate conference,” Obama said during his prepared remarks, which focused mostly on the efforts to fight the Islamic State in Iraq and Syria (ISIS). “What a powerful rebuke to the terrorists it will be, when the world stands as one and shows that we will not be deterred from building a better future for...
  • Young 'to be poorer than parents at every stage of life'

    11/24/2015 11:31:55 AM PST · by 2ndDivisionVet · 19 replies
    BBC ^ | November 19, 2015
    Young people are on track to be poorer than their parents at every stage of their lives, according to a new report. The study, by the Institute for Fiscal Studies (IFS), added that households actually grew richer during the financial crisis. But it said that the reason for the growth between 2006-12 was the increase in pension values over the period. And the slow rate of growth in overall wealth suggested that young people would lag behind earlier generations....
  • The World’s First Fully 3D Printed Revolver is Here

    11/24/2015 9:42:40 AM PST · by marktwain · 17 replies
    3dprint.com ^ | 23 November, 2015 | Scott J Grunewald
    Mechanical engineering student James Patrick recently uploaded a video to his YouTube channel showing off the fully functional PM522 Washbear .22LR revolver that he designed and 3D printed. With the exception of the firing pin, a few elastic bands that act as springs and the legally required amount of detectable metal, the entire gun including the body and cylinder is completely 3D printed. This is, to my knowledge, the very first functional repeating firearm ever made entirely (This doesn’t count, it has metal barrel inserts) on a desktop 3D printer. The optional 8 barrel revolver needs metal tubing inserts for...
  • German Professor: NASA Has Fiddled Climate Data On ‘Unbelievable’ Scale

    11/24/2015 9:39:06 AM PST · by Freeport · 44 replies
    Breitbart ^ | 24 Nov 2015 | James Delingpole
    A German professor has confirmed what skeptics from Britain to the US have long suspected: that NASA’s Goddard Institute of Space Studies has largely invented “global warming” by tampering with the raw temperature data records. Professor Dr. Friedrich Karl Ewert is a retired geologist and data computation expert. He has painstakingly examined and tabulated all NASA GISS’s temperature data series, taken from 1153 stations and going back to 1881. His conclusion: that if you look at the raw data, as opposed to NASA’s revisions, you’ll find that since 1940 the planet has been cooling, not warming. According to Günter Ederer,...
  • Consumer confidence falls to lowest level in 14 months

    11/24/2015 8:40:47 AM PST · by repentant_pundit · 11 replies
    MarketWatch ^ | Nov 24, 2015 | Jeffry Bartash
    Consumers confidence fell in November to the lowest level in more than a year, a survey shows. The consumer confidence index dropped to 90.4 from a revised 99.1 in October, the Conference Board said Tuesday. That's the lowest level since September 2014. Economists polled by MarketWatch had expected the index to rise to 100. The present situation index, a measure of current conditions, dropped to 108.1 from 114.6. .... "The decline was mainly due to a less favorable view of the job market," said Lynn Franco, director of economic indicators at board. The number of people who said jobs were...
  • America's sentiment towards the jobs market has turned: They have lost faith in it

    11/24/2015 7:41:18 AM PST · by SeekAndFind · 12 replies
    Business Insider ^ | 11/24/2015 | Akin Oyedele
    Americans are losing faith in the jobs market. The Conference Board's consumer confidence index for November, released on Tuesday, unexpectedly fell to 90.4, a 14-month low. Economists had estimated that the index rose to 99.5 in November, from an upwardly revised 99.1 print (from 97.6) in October. The Conference Board's Lynn Franco explained in the report: "The decline was mainly due to a less favorable view of the job market. Consumers' appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016,...
  • From Inversions To Perversions: Gov’t Reacts To The Pfizer Deal

    11/24/2015 4:36:57 AM PST · by expat_panama · 18 replies
    Investors Business Daily ^ | 11/230/2015 | Editorial
    Tax Policy: The Pfizer-Allergan deal that will let the U.S. drug giant cut costs by renouncing its citizenship cries out for reform of an outmoded business tax system. Instead, our crackerjack regulators are pouncing into action. The Treasury Department has announced it will create new legal restrictions on the ability of U.S. companies to merge with foreign firms in a tax-saving process called "inversion." In this case, $48-billion-in sales Pfizer, now headquartered in New York City, will merge with $15-billion-in sales Allergan and move certain operations and jobs to Ireland. But the administration wants to build a de facto regulatory...
  • GOP Isn’t Grasping Obvious: It’s Still The Economy, Stupid

    11/24/2015 4:29:10 AM PST · by expat_panama · 10 replies
    Investors Business Daily ^ | 11/23/2015 | J.T. YOUNG
    If the 2016 election is not determined by the economy, Republicans will lose. And as things look right now, they might even lose if it is about the economy. The reason for both conclusions is simple: Barack Obama has given Republicans the best chance for victory any president could — a weak economy — but so far they've been unable to seize it. As measured by growth, Obama's economic record is the worst of any president since Herbert Hoover. Real GDP came in at 1.5% in the third quarter, leaving average growth year-to-date at just 2%. If 2015 finished there,...
  • CNN: Parisians shaken because this time not Jews, but “just people” targeted

    11/24/2015 3:47:33 AM PST · by markomalley · 6 replies
    Jihad Watch ^ | 11/24/15 | Robert Spencer
    How monstrous will the mainstream media get before the whole thing breaks apart? No telling. But this indicates that it is certainly descending to the murky depths already.“CNN Reporter: Parisians Shaken Because This Time It Wasn’t Just Jews Targeted, ‘This Was Just People,’” by Jamie Weinstein, Daily Caller, November 24, 2015:A CNN reporter says that what really has shaken the people of Paris in the aftermath of the Nov. 13 terror attacks is that this time those killed by Islamist terrorists weren’t just Jews or provocative cartoonists.Talking to CNN host Don Lemon Monday night, reporter Martin Savidge tried to convey...
  • Dell installs self-signed root certificate on laptops, endangering users' privacy

    11/23/2015 6:44:59 PM PST · by markomalley · 31 replies
    PC World ^ | 11/23/15 | Lucian Constantin
    Dell laptops are coming preloaded with a self-signed root digital certificate that lets attackers spy on traffic to any secure website. The reports first surfaced on Reddit and were soon confirmed by other users and security experts on Twitter and blogs. The root certificate, which has the power of a certificate authority on the laptops it's installed on, comes bundled with its corresponding private key, making the situation worse. With the private key, which is now available online, anyone can generate a certificate for any website that will be trusted by browsers such as Internet Explorer and Google Chrome that...
  • Did Ted Cruz Save E-Commerce?

    11/23/2015 5:44:34 PM PST · by Isara · 9 replies
    Granite Grok ^ | Nov 23, 2015 | Steve MacDonald
    PJ Media has an interesting piece on Ted Cruz when he was developing economic policy as the director of the Federal Trade Commission's Office of Policy Planning. PJ Media | What No One Seems to Know About Ted Cruz’s Past (A few highlights, read the article for the meat in between.)– Cruz launched an initiative to study the government's role in conspiring with established businesses to suppress e-commerce. – To lay a foundation, Cruz organized a conference on regulatory barriers to e-commerce.– After the conference, Cruz testified at a hearing supporting the online sales of contact lenses and pushed the...
  • Obama Quietly Releases Plans For 2,224 Regulations Ahead Of Turkey Day

    11/23/2015 12:22:53 PM PST · by amorphous · 16 replies
    Daily Caller ^ | 23 Nov 2015 | Photo of Michael Bastasch Michael Bastasch
    While millions of Americans prepare to stuff themselves with Turkey and pie, the Obama administration quietly released its plans for 2,224 federal rules Friday - a preview of just how many more regulations the president is attempting to issue before he leaves office. President Barack Obama's Unified Agenda for Fall 2015 is his administration's regulatory road map and lays out thousands of regulations being finalized in the coming months. Obama has developed a habit of releasing the agenda late on Friday before a major holiday.
  • WHAT NO ONE SEEMS TO KNOW about Ted Cruz’s past.

    11/23/2015 7:01:02 AM PST · by Isara · 52 replies
    Instapundit ^ | November 23, 2015
    What No One Seems to Know About Ted Cruz's Past At the FTC, Cruz's agenda could have been written by Milton Friedman. Cruz promoted economic liberty and fought government efforts to rig the marketplace in favor of special interests. Most notably, Cruz launched an initiative to study the government's role in conspiring with established businesses to suppress e-commerce. This initiative ultimately led the U.S. Supreme Court to open up an entire industry to small e-tailers. Based on his early support of disruptive online companies, Cruz has some grounds to call himself the "Uber of American politics." Moreover, and perhaps surprising...
  • Art Laffer: The Rand Paul And Ted Cruz Flat Tax Plans Are Best Tax Proposals

    11/23/2015 6:49:54 AM PST · by SeekAndFind · 10 replies
    IBD ^ | 11/23/2015 | Arthur Laffer and Stephen Moore
    As we've cheerfully noted on these pages, the good news on the presidential campaign trail is that almost all Republicans are now for serious pro-growth tax reform and simplification. Every candidate wants lower rates (some a one-rate flat tax), fewer loopholes and carve-outs, and a reduced role for an abusive IRS. What a contrast with Bernie Sanders, who declared at last week's Democratic debate that he could live with a 90% tax rate on the rich. Why not take it all, Bernie? All the GOP tax plans look good to us — though some are admittedly better than others. The...
  • UCSC student gov't votes to divest from Israel, forces Jewish rep. to abstain

    11/23/2015 6:17:01 AM PST · by rktman · 31 replies
    campusreform.org ^ | 11/23/2015 | Peter Hasson
    Members of the University of California Santa Cruz student government reportedly pressured a Jewish student representative to abstain from voting on an anti-Israel divestment resolution over fears of a “Jewish agenda” at work on campus. The Student Union Assembly at UC Santa Cruz voted last week to divest from five companies that the students say are complicit in human rights violations by making the equipment used by the Israeli military. The resolution called for UCSC to divest from Hewlett Packard (HP), for example, because “HP systems are installed in Israeli military checkpoints.” General Electric, Caterpillar, Lockheed Martin, and Elbit were...
  • Illegal immigrant children, non-Mexicans surge across border at record rate

    11/23/2015 5:39:19 AM PST · by dennisw · 18 replies
    washingtontimes. ^ | 2015/nov/22 | By Stephen Dinan
    Some 25,000 illegal immigrants from El Salvador, Honduras and Guatemala have been caught in the first seven weeks of the fiscal year, which began Oct. 1 — an increase of 58 percent. The number of Chinese, Brazilians, Indians and, strikingly, Cubans, has each surged by more than 100 percent, and the number from Pakistan, while small overall, has spiked from 6 at this point last year to 31 now — an increase of more than 400 percent. The Southwest border has broken open in recent weeks, with non-Mexicans — and illegal immigrant children in particular — crossing at a record...
  • Labor Costs to Skyrocket for American Cars

    11/23/2015 5:20:38 AM PST · by markomalley · 103 replies
    Washington Free Beacon ^ | 11/23/15 | Bill McMorris
    New union contracts negotiated at American auto manufacturers will lead to a spike in labor costs after years of belt tightening.The United Auto Workers approved significant contract adjustments at Ford and General Motors on Friday after months of tense negotiations. Those decisions—one by membership vote, the other by union leadership—come soon after Fiat Chrysler approved a new deal with dramatic pay boosts. Each of the contracts could reverse “much of the savings achieved by the companies over the last eight years,” according to a study first published in the Wall Street Journal.The new GM deal would raise labor costs from...
  • Financial claims add up after Gold King Mine spill ( Colorado )

    11/23/2015 4:56:48 AM PST · by george76 · 4 replies
    Durango Herald ^ | November 21, 2015 | Jonathan Romeo
    More than 30 individuals, businesses seek damages from EPA. Financial damage claims for those affected by the Aug. 5 Gold King Mine blowout eclipsed $1.3 million just two months after the Environmental Protection Agency triggered the release of 3 million gallons of mine wastewater down the Animas River. ... more than 30 individuals and business owners filed Form 95, the claim process for financial reimbursements from economic loss caused by wrongful U.S. government actions. The combined claims total about $1.3 million in damages ... the hardest hit are rafting companies and their employees, who were forced to shut down for...
  • CoinTelegraph’s Weekly Top-5 News to Influence Bitcoin Price in the World

    11/23/2015 3:26:51 AM PST · by Another Post-American · 2 replies
    CoinTelegraph ^ | 11/23/15 | Nina Lyon
    Cryptocurrency price fluctuation depends greatly on related news and events around of the World. This week various events including the political proposal in Southeast Asia, a new service for US customers, the expansion of the largest global banks consortium to research distributed ledger technology and the rise of new platforms to make “BitcoinCT r: 6 Only” purchases have also had a great influence on the Bitcoin price. And here are some of them. Singapore Prime Minister Said National Banks Can Use Blockchain At the United Overseas Bank (UOB) 80th anniversary dinner, Lee Hsien Loong, Prime Minister of Singapore, commented that...
  • New Law Would Force Fed To Do Its Job, So Why Does Fed Oppose It?

    11/23/2015 3:26:23 AM PST · by expat_panama · 27 replies
    Investors Business Daily ^ | 11/20/2015 | Editorial
    Monetary Policy: Congress is taking up a bill that would increase scrutiny of the Federal Reserve and better define its job. After years of badly executed and at times damaging central bank policy, it's about time. We share the misgivings of those who fear Congress micromanaging the economy through the Fed. In particular, Democrats seem prone to using the Fed as a giant piggy bank — such as the current foolish proposal to use Fed dividends to fund Congress' pet pork-barrel... [snip] So, yes, the ability of the Fed to do its job without daily political interference is important. But...

    11/23/2015 1:30:14 AM PST · by Fhios · 6 replies
    AP ^ | Nov 23, 12:31 AM ES | PETER PRENGAMAN
    BUENOS AIRES, Argentina (AP) -- President-elect Mauricio Macri's promises to revitalize Argentina's sagging economy with free-market reforms and improve strained relations with the United States resonated with voters, carrying him to a historic win that ended 12 years of often-conflictive rule by President Cristina Fernandez and her late husband. ... snip ]
  • Rubio's Growing Credibility Gap

    11/23/2015 12:07:14 AM PST · by Michael van der Galien · 19 replies
    Conservative Review ^ | 10-08-2015 | Jeffrey Lord
    “I think it’s just reflective of what’s been going on for the past month or so and the way the race, at least in the establishment lane, has shifted. It’s really Jeb or Marco now.” Thus spoke an “anonymous” Bush donor, quoted in Politico. The edgy and unidentified Bushie inadvertently confessed that all those Establishment types really do consider Sen. Marco Rubio (R-FL) as one of their own. Apparently his Tea Party upset of then-GOP Establishment Governor Charlie Crist was not what it seemed. Senator Rubio has impressed many on the campaign trail. Without doubt his foreign policy concentration is...
  • Shocker: Avis Car Rental Bars Israeli Executive from Renting

    11/22/2015 4:34:27 PM PST · by Timber Rattler · 150 replies
    Observer News ^ | November 22, 2015 | Ken Kurson
    On Saturday evening, Dov Bergwerk arrived at the Avis branch on West 76th Street and Broadway. Accompanied by his wife Ruth, the Bergwerks were planning to join friends for dinner in Westchester. Mr. Bergwerk, a senior vice president and general corporate counsel at the Israeli pharmaceutical giant Teva, got out his driver's license, reservation number and "Wizard" loyalty card - he's rented from Avis dozens of times before - and anticipated the usual smooth transition into a nondescript mid-sized sedan. That's when the trouble started.
  • Half Of UK Care Homes To Close If £2.9 Billion Gap Is Not Plugged

    11/22/2015 1:45:55 PM PST · by Lorianne · 8 replies
    Guardian UK ^ | 21 November 2015 | Denis Campbell
    Up to half of Britain’s care homes will close and the NHS will be overwhelmed by frail, elderly people unless the chancellor, George Osborne, acts to prevent the “devastating financial collapse” facing social care, an alliance of charities, local councils and carers has warned. In a joint letter, 15 social care and older people’s groups urge Osborne to use his spending review on Wednesday to plug a funding gap that they say will hit £2.9bn by 2020. They warn that social care in England, already suffering from cuts imposed under the coalition, will be close to collapse unless money is...
  • Oil Companies Brace For Big Wave Of Debt Defaults

    11/22/2015 1:43:38 PM PST · by Lorianne · 14 replies
    CNBC ^ | 21 November 2015 | Linda Dimyan
    Low oil prices are leaving many oil and gas companies with difficult debt loads, causing them to default at an extraordinary rate. On top of that, rating firm Moody's forecasts the default rate will increase. The strain on the oil patch comes after years of borrowing heavily at the start of the domestic energy renaissance. Marc Lasry, the chief executive of distressed investing specialist Avenue Capital Group, said these energy companies boosted their borrowings to between $250 billion and $300 billion, compared with the $100 billion at the start of this year. The energy boom of the past decade was...
  • Americans' Own Healthcare Ratings Little Changed Since ACA

    11/22/2015 1:23:41 PM PST · by SoFloFreeper · 8 replies
    gallup.com ^ | 11/19/15 | Frank Newport
    Americans' overall satisfaction with the total cost they pay for their healthcare has been generally stable over the past 14 years. .....Americans cite cost as the most urgent health problem facing the U.S. today. One might expect that their satisfaction with healthcare costs would drop after the Affordable Care Act (ACA) brought more previously uninsured people into the system and made changes to coverage. However, satisfaction with healthcare costs has remained relatively stable. The current 57% who are satisfied is lower than the 62% measured in November 2009 -- the year before the ACA was signed into law.
  • The Long, Cold Winter Ahead (Zero Hedge)

    11/22/2015 8:17:22 AM PST · by citizen · 28 replies
    Zero Hedge ^ | 11/22/2015 | Tyler Durden
    If you recall, the popular storyline since late last year has been that the U.S. economy is moderately improving while the world’s other major economies – Japan, China, and Europe – are rolling over. The U.S. economy would power through. Moreover, stock prices had achieved a permanently high plateau.
  • Israeli premier accuses German department store of boycott

    11/22/2015 6:40:11 AM PST · by Olog-hai · 15 replies
    Associated Press ^ | Nov 22, 2015 7:47 AM EST
    Israel's prime minister is accusing a German department store of a "boycott" after it removed products made in Israeli settlements under new European Union labeling guidelines. Benjamin Netanyahu noted Sunday that Berlin's KaDeWe department store was once owned by Jews before the Nazis seized it. He says its decision to label products from Israeli communities and remove them from its shelves is "a boycott in every respect." ...
  • A Major Milestone for President Obama’s Climate Agenda by Valerie Jarrett

    11/21/2015 2:02:28 PM PST · by lbryce · 30 replies
    US State Dept ^ | November 220, 2015 | Valerie Jarrett
    Summary: Over 100 cities have pledged to create bold climate action plans as President Obama & Secretary Kerry travel to Paris to negotiate an international climate agreement. In August, as part of an ambitious plan to expand renewable energy to households across America, President Obama called on all U.S. mayors to publicly commit to a local climate action plan. The President set a goal of at least 100 U.S. cities signing the Compact of Mayors prior to the Paris UN climate change meeting (“COP”). Today, that goal has not only been met, but surpassed. Why are U.S. cities so important...
  • Global Trade Just Snapped: Container Freight Rates Plummet 70% In 3 Weeks

    11/21/2015 2:53:53 PM PST · by Lorianne · 51 replies
    Zero Hedge ^ | 21 November 2014 | Tyler Durden
    This market is looking like a disaster and the rates are a reflection of that," warns one of the world's largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines - having collapsed to all-time record lows this week - it is the spefics below that headline that are truly terrifying. At a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone.
  • Financially Engineered Stocks Drag Down S&P 500

    11/21/2015 2:31:06 PM PST · by Lorianne · 7 replies
    Wolf Street ^ | 18 November 2015 | Wolf Richter
    Stocks have been on a tear to nowhere this year. Now investors are praying for a Santa rally to pull them out of the mire. They’re counting on desperate amounts of share buybacks that companies fund by loading up on debt. But the magic trick that had performed miracles over the past few years is backfiring. And there’s a reason. IBM has blown $125 billion on buybacks since 2005, more than the $111 billion it invested in capital expenditures and R&D. It’s staggering under its debt, while revenues have been declining for 14 quarters in a row. It cut its...
  • Total US Household Debt Hits $12.1 Trillion As Subprime Auto Lending Jumps

    11/21/2015 2:24:53 PM PST · by Lorianne · 13 replies
    Wall Street Journal ^ | 19 November 2015 | Josh Zumbrun
    Subprime auto lending is shifting into higher gear, raising some concerns in Washington where top financial regulators have sounded alarms about this category of loans. Over the six months through September, more than $110 billion of auto loans have been originated to borrowers with credit scores below 660, the bottom cutoff for having a credit score generally considered “good,” according to a report Thursday from the New York Fed. Of that sum, about $70 billion went to borrowers with credit scores below 620, scored that are considered “bad.” This rise in subprime auto lending comes against a backdrop of gradually...
  • Ethanol loses its few friends: Even Dr. Ben Carson has backed away from subsidies and mandates

    11/21/2015 1:54:16 PM PST · by george76 · 50 replies
    CFACT ^ | November 17, 2015 | Marita Noon
    in a major policy reversal, Carson .. no longer supports subsidies for any industry, including U.S. ethanol producers ... Plainly irritated, the ethanol industry shot back immediately, saying it receives no government subsidies. But it neglected to mention a very important fact. Instead of subsidies, ethanol producers get something better: a mandate that orders refiners to blend ethanol into motor fuels which forces consumers to buy their product. A federally guaranteed market beats a subsidy every time. The ethanol industry also benefits indirectly from agriculture programs that support farmers who grow corn for ethanol ... In attempt to push more...
  • Democrats push to prevent gun sales to terror-list suspects

    11/21/2015 10:03:40 AM PST · by Olog-hai · 31 replies
    Associated Press ^ | Nov 21, 2015 3:24 AM EST | Alan Fram and Michael Biesecker
    Congressional Democrats are trying to build support for an effort to bar gun purchases by terror suspects, hoping to take advantage of the same public anxieties about security that gave Republicans a ringing House victory. The Democratic push seems likely to fall victim to opposition from the National Rifle Association and congressional gun-rights backers, chiefly Republicans, who have smothered firearms curbs for years. If the Republicans who control Congress block votes on the proposal, Democrats hope to profit politically by winning sympathy from angry voters. ...
  • Germany’s largest trade union opening US office with UAW

    11/21/2015 9:50:03 AM PST · by Olog-hai · 3 replies
    Associated Press ^ | Nov. 18, 2015 6:52 PM EST | Erik Schelzig
    Germany's largest trade union is opening a joint office with the United Auto Workers in Tennessee to promote labor issues at German automakers and suppliers in the southern United States. Frankfurt-based IG Metall estimates that 100,000 people work for German-owned automotive companies in the U.S. Most of those workers aren't represented by unions, unlike at their counterparts at plants in Germany. ...
  • Ted Cruz Vows to Vote Against TPP Trade Deal in Iowa

    11/21/2015 9:42:15 AM PST · by Isara · 53 replies
    Breitbart ^ | 21 Nov 2015 | Alex Swoyer
    GOP presidential candidate Sen. Ted Cruz (R-TX) said that he would vote against the Trans-Pacific Partnership (TPP) trade deal between the United States and 11 other countries on Friday while campaigning in Iowa. According to the Des Moines Register, Cruz said he is "deeply concerned" with the trade pact."While Cruz said he supports free trade, he believes the Trans-Pacific Partnership would undermine U.S. immigration laws and the nation's sovereignty," reported the Des Moines Register."There are a number of Republicans on that (debate) stage who support TPP, who support (the Trade Promotion Authority)," Cruz stated. "I voted against TPA and I...
  • New global heat records set for October and year-to-date

    Miami (AFP) - Last month was the hottest October in modern history and the first 10 months of the year have also set new records for worldwide warmth, US government scientists said Wednesday. The latest data means that 2015 is firmly on pace for being the most scorching since 1880, as global warming concerns mount ahead of key climate talks in Paris starting later this month. October marked the sixth month in a row that heat records were shattered across the planet, said the monthly report by the US National Oceanic and Atmospheric Administration. "The globally averaged temperature over land...
  • Americans: Pay your taxes- or lose your passport

    11/21/2015 8:23:09 AM PST · by freedomjusticeruleoflaw · 15 replies
    Wall Street Journal ^ | 11/21/15 | Laura Saunders
    If this bill becomes law, it will be imperative for Americans traveling abroad or living abroad to pay attention to IRS notices—assuming they receive them,” said Mr. Kautter.
  • IBEW Sues EPA to Stop Clean Power Plan

    11/21/2015 7:31:11 AM PST · by dynoman · 26 replies
    IBEW International ^ | November 19, 2015 | IBEW
    The IBEW has filed suit to prevent the implementation of new federal regulations on power plants. The IBEW petition joins the 27 states, several utilities and two other labor unions that are already challenging the regulation. "The EPA is creating energy policy and they have neither the expertise nor the legal authority to do it," said International President Lonnie R. Stephenson. "We worked with the EPA for years to address greenhouse gas emissions with a plan that is both effective and legal. Unfortunately, we don't believe this regulation is either." "Human-caused climate change is real, and a real threat, but...