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Keyword: economy

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  • Janet Yellen could be on the verge of starting a 'civil war' at the Fed

    10/22/2016 8:45:05 AM PDT · by upchuck · 9 replies
    cnbc ^ | Oct 21, 2016 | Jeff Cox
    Fed Chair Janet Yellen's interest in running a "high-pressure economy" threatens to add to an increasingly divisive climate at the U.S. central bank. In remarks last week that jarred the market, Yellen ruminated about the benefits of letting inflation run a little hotter than normal while allowing the unemployment rate to drop below the point that historically would trigger Fed tightening action. To many observers, the comments were a clearly dovish signal that she favors a lower-for-longer approach when it comes to interest rates. But that kind of attitude could exacerbate tensions among Federal Open Market Committee members, in particular...
  • The Fed Is Your Enemy, And The Elite Is In-Tow

    10/22/2016 8:23:10 AM PDT · by Starman417 · 3 replies
    Flopping Aces ^ | 10-21-16 | James Raider
    Envision yourself on the Mount Everest ice field called the Khumbu icefall.  You are with a group negotiating a crossing of the ice field on your way to the summit of Everest. You are almost at Camp One, having left base camp and are struggling through the most difficult acclimatization portion of your climb.  You are part of a team, the first team up the mountain in this particular expedition, but in this endeavour, you feel alone. You are fighting nature’s forces, all of them — gravity, extreme cold, violent winds, blinding snow storms, thin oxygen, your own contracting blood...
  • Trump: 'We'll no longer be the dumb people; we'll be the genius people'

    10/21/2016 3:15:55 PM PDT · by 2ndDivisionVet · 7 replies
    The Pittsburgh Tribune-Review ^ | October 21, 2016 | Tom Fontaine
    Republican presidential candidate Donald Trump told a frenzied crowd of more than 5,000 in Johnstown that polls are swinging in his direction and he's poised to solve a range of problems that he said are ailing Western Pennsylvania and the nation. “We're going to beat the system and we're going to un-rig the system,” Trump said Friday inside Johnstown's Cambria County War Memorial Arena, where most people remained standing, chanting and roaring with applause throughout the 45-minute speech. As for Johnstown, a town with a proud manufacturing history where Trump said one in three people live in poverty, Trump promised:...
  • Wikileaks -- Clinton Campaign *Admits* Wages Are Lower Due To Globalization

    10/21/2016 11:36:16 AM PDT · by grey_whiskers · 59 replies
    Wikileaks ^ | Oct 21 2016 | released by Wikileaks
    EXCERPT from middle of email chain >> -----Original Message----- >> From: Glenn Hutchins [] >> Sent: Monday, July 6, 2015 4:33 PM >> To: Neera Tanden >> Cc: John D. Podesta >> Subject: Re: my latest presentation on the economy >> >> you have (characteristically) gone right to the heart of the most difficult problem. In response to your specific question, over that last 15 years, the capacity of labor to demand a greater share of profits from productivity gains have been overwhelmed by several factors: 1) globalized wage competition as incomes have slowly equilibrated around the world, 2) the...
  • Wikileaks: Donna Brazile"People are more in despair about how things are"

    10/21/2016 11:03:53 AM PDT · by grey_whiskers · 9 replies
    Wikileaks ^ | Oct 21 2016 | released by wikileaks
    Ok, one a week To: Date: 2016-02-13 22:52 Subject: Ok, one a week I think people are more in despair about how things are—yes new jobs but they are low wage jobs. HOUSING is a huge issue. Most people pay half of what they make to rent… Sent from Donna's I Pad. Follow me on twitter @donnabrazile
  • Hillary Can't Even Tell The Truth About Her Own Economic Plan

    10/21/2016 6:03:56 AM PDT · by IBD editorial writer · 10 replies
    Investor's Business Daily ^ | 10/20/2016 | Staff
    Election 2016: Debate moderator Chris Wallace was widely praised for his performance in Wednesday night's debate, praise that he richly deserves if for no other reason than that he finally forced Hillary Clinton to defend her economic plan. Clinton's response was incoherent and downright dishonest. A key exchange in the debate came when Wallace pressed Clinton to explain how her economic proposals were different from President Obama's failed stimulus plan. She couldn't. Wallace asked: "So is your plan basically more — even more of the Obama stimulus?" To which Clinton responded "Well, it's a combination, Chris." Clinton can't say anything...
  • China Grew 6.7% Three Quarters In A Row? Yeah, And We Have A Bridge In Brooklyn To Sell You

    10/21/2016 4:19:43 AM PDT · by expat_panama · 9 replies
    Investors Business Daily ^ | 10/19/2016 | TERRY JONES
    China on Tuesday reported its economy grew 6.7% during the third quarter. Nothing suspicious about that, except it's the third quarter in a row that it grew at exactly 6.7%. As wondered, what are the odds? The answer to that last question is: pretty low. Given the natural volatility in economic data, getting exactly the same number three quarters in a row is highly unlikely -- though not impossible. But it underscores what analysts, economists and even some high-level Chinese officials have said for years -- China's economic data are cooked and can't be trusted. Of course, China each...
  • Victor Davis Hanson: The 2016 Presidential Race Just Keeps Getting More Weird

    10/21/2016 4:14:56 AM PDT · by expat_panama · 33 replies
    Investors Business Daily ^ | October 20, 2016 | VICTOR DAVIS HANSON
    A presidential campaign is figuratively called a "race." Two runners sprint toward the Election Day finish line for the prize of the presidency. But the 2016 presidential campaign has spawned lots of weird races. The first sprint is one between embarrassments and scandals. Will another WikiLeaks disclosure confirm that Hillary Clinton is a dishonest and conniving hypocrite? Or will yet another open-mic tape, disgruntled beauty queen or old Howard Stern interview remind us that Donald Trump's private life was -- and perhaps still is -- uncouth? The winner will be the candidate leaked about the least by Election Day. Here,...
  • Chevron Phillips' $6 billion Houston expansion nears completion

    10/20/2016 10:12:00 PM PDT · by Tolerance Sucks Rocks · 2 replies
    The Houston Chronicle ^ | October 10, 2016 | Jordan Blum
    The dozen or so cranes visible from Interstate 10 in Baytown will only remain for a few more months as Chevron Phillips Chemical's $6 billion petrochemical expansion moves toward completion. Chevron Phillips' complex is more than 80 percent complete, although it won't be fully operational for almost another year. The project involves a massive ethane cracker - on a plot the size of 44 football fields - that will separate a component of natural gas called ethane, which will provide the feedstock for some 1.5 million metric tons a year of ethylene, a common building block of plastics. Chevron Phillips,...
  • The Trump Trade Doctrine: A Path to Growth & Budget Balance

    10/20/2016 4:09:00 AM PDT · by expat_panama · 5 replies
    Real Clear Policy ^ | October 18, 2016 | Wilbur Ross & Peter Navarro
    POLICIES FOR THE NEXT ADMINISTRATION. PART 2: TRADE This is the second in a series on the majory policy ideas — from Left and Right — that should guide the next presidential administration's agenda. (For the opposing view, see Will Marshall, "Detoxifying the Trade Debate.") Budget-deficit hawks often insist that the only way to balance the Federal budget is to raise taxes or cut spending. The far smarter path to balance the budget is simply to grow our economy faster. From 1947 to 2001, the U.S. real gross domestic product grew at an annual rate of 3.5 percent. Since 2002,...
  • Clinton And Wall St: Financial Industry May Control Retirement Savings

    10/19/2016 11:32:02 AM PDT · by AC Beach Patrol · 45 replies
    International Business Times ^ | 10/19/2016 | BY DAVID SIROTA AND AVI ASHER-SCHAPIRO
    While Hillary Clinton has spent the presidential campaign saying as little as possible about her ties to Wall Street, the executive who some observers say could be her Treasury Secretary has been openly promoting a plan to give financial firms control of hundreds of billions of dollars in retirement savings. The executive is Tony James, president of the Blackstone Group.
  • The Obama Legacy: 8 Million More Americans Working 2 Jobs Today Than in 2009 (Women Hit Hardest)

    10/19/2016 7:58:41 AM PDT · by xzins · 7 replies
    The Gateway Pundit ^ | Oct 19th, 2016 | Jim Hoft
    The Obama legacy: — 19 trillion in debt — 1 in 5 Americans on food stamps — Worst labor force participation rate since Carter — Worst GDP rate since Great Depression And now this… Eight million more Americans are holding a second job today than they were when Obama took office. Scott Shellady at Varney and Co.: According to Tough Nickel in 2015 at least 7 million Americans were holding two jobs in 2015. This number has grown in the last year. People who are holding 2 or more jobs in this economy are not unusual. In fact, according to...
  • Thomas Sowell: The Left's Phony Compassion For The Downtrodden

    10/19/2016 5:23:36 AM PDT · by expat_panama · 12 replies
    Investors Business Daily ^ | October 18, 2016 3:25 PM ET | THOMAS SOWELL
    Claiming the role of champions of the masses is something the political left has been doing ever since there has been a political left — which is to say, ever since the late 18th century, when people with such views sat on the left side of the French National Assembly. Like so much that is claimed by the left, their compassion for the masses has seldom been subjected to any factual test. Both their words and their deeds reveal their low opinion of the people they claim to be championing. When Barack Obama referred to ordinary working people as people...
  • Detoxifying the Trade Debate

    10/19/2016 4:11:31 AM PDT · by expat_panama · 25 replies
    Real Clear Markets ^ | October 18, 2016 | Will Marshall
    POLICIES FOR THE NEXT ADMINISTRATION. PART 2: TRADE This is the second in a series on the majory policy ideas — from Left and Right — that should guide the next presidential administration's agenda. (For the opposing view, see Wilbur Ross and Peter Navarro, "The Trump Trade Doctrine: A Path to Growth & Budget Balance.") The 2016 election seems destined to go down as the least edifying presidential contest in U.S. history. Facts, evidence, and rational argument have been routed by the visceral power of populist “narratives” drenched in cultural resentment, economic demagoguery, and tinfoil-hat paranoia. Donald Trump’s slurs, compulsive...
  • Opinion: Donald Trump would help working women more than Hillary Clinton would

    10/18/2016 10:26:39 AM PDT · by 2ndDivisionVet · 5 replies
    Market Watch ^ | October 18, 2016 | Diana Furchtgott-Roth
    Women have always voted for Democratic Party candidates in greater numbers than men have, and in recent weeks Donald Trump is losing women by a wider margin because of sexual-assault allegations. But the Republican nominee for president would actually help women more than Hillary Clinton would. Here’s how: The top tax rate currently is 39.6%. The top effective rate is closer to 45% because limits on deductions add 1.2 percentage points, and the Affordable Care Act adds an extra 3.8 percentage points. Clinton has proposed an additional 4 percentage points, bringing the top federal rate to 49%. With state taxes,...
  • Sinking Trump Puts GOP House At Risk; Markets Aren't Worried, Yet

    10/18/2016 5:50:04 AM PDT · by expat_panama · 33 replies
    Investors Business Daily ^ | 10/10/2016 | JED GRAHAM
    Donald Trump's latest campaign turmoil hasn't just hurt his own chances for election, but it also appears to be hurting Republican chances of retaining control of the House of Representatives and Senate. The PredictIt market shows that the odds that Democrats will retake the House have jumped to 27%, up from 15% on Friday. Now the PredictIt market sees just a 39% chance the GOP will win at least 50 Senate seats and just 17% odds that they'll win 51 seats, enough to potentially block a tiebreaking vote by Tim Kaine, Hillary Clinton's running mate. Meanwhile, the latest prices show...
  • Robert J. Samuelson: Are We Ready For Financial Crisis 2.0?

    10/18/2016 4:40:48 AM PDT · by expat_panama · 34 replies
    Investors Business Daily ^ | Oct. 17, 2016 | ROBERT J. SAMUELSON
    While everyone fixates on the U.S. election, developments in the world economy threaten to create problems for the next president and, possibly, trigger a major financial crisis. A little-noticed study by the International Monetary Fund (IMF) delivers the bad news. It finds that global debt -- including the debts of governments, households and non-financial businesses -- reached a record $152 trillion in 2015, an amount much higher than before the 2008-09 financial crisis. What's worrisome about this is that the global economic recovery has assumed widespread "deleveraging" -- the repayment of debt by businesses and households. Initially, the theory went,...
  • Rexnord Bearings employees planning for their jobs to disappear to Mexico by April

    10/17/2016 9:30:19 AM PDT · by reed13k · 18 replies
    Fox 59 ^ | 16 Oct 2016 | Alexis McAdams
    Looks like another factory in Indiana planning to relocate - this time Rexnord Bearings. Link:
  • 'I, Whiskey': Free Markets And The Human Spirit [COMMERCE GOOD, IMPORT TAXES BAD]

    10/17/2016 5:42:04 AM PDT · by expat_panama · 3 replies
    Investors Business Daily ^ | October 14, 2016 | RICHARD MORRISON
    In a political season that's seen a lot of skepticism about big business and trade, it can be good to step back and remind ourselves of how the buying and selling we do every day fits into our vision of a just society. In that spirit, a new film from the Competitive Enterprise Institute takes a look at how commerce fosters valuable connections between us and our neighbors, and how the freedom of consumers and entrepreneurs lies at the heart of our friendships, relationships, and higher goals for ourselves. "I, Whiskey: The Human Spirit" is a short-form documentary... ...Each industry...
  • Office Furniture Company Closing Orleans Plant (Indiana - 467 laid off)

    10/16/2016 7:56:48 PM PDT · by 2ndDivisionVet · 9 replies
    Inside Indiana Business ^ | October 12, 2016 | Alex Brown, Multimedia Journalist
    ORLEANS - Orleans-based Paoli LLC has announced it is closing its manufacturing plant. In a notice to the state, the office furniture company says closure will result in the layoffs of nearly 500 employees in the Orange County town. The company says the layoffs of 467 workers are expected to be permanent. Employees will be terminated beginning in January with most of the layoffs taking place between March and October of 2017. Paoli did not disclose a reason for the closure of the plant.
  • Donald Trump's promises strike a chord in Pennsylvania

    10/16/2016 2:23:22 PM PDT · by 2ndDivisionVet · 4 replies
    Al Jazeera ^ | October 16, 2016 | Cajsa Wikstrom, Online editor
    Lewisberry, Pennsylvania - Sitting in the bar of a roadside restaurant with a friend, Rick Shaffer sums up what he thinks of the situation in this northeastern US state with three words: "We need change." Shaffer and his friend, both construction workers in their 50s, support Donald Trump, the Republican presidential candidate. They believe the United States needs a strong military and that undocumented immigrants should be deported. "Why build a wall? Landmines will do the same!" Pennsylvania has backed the Democratic presidential candidate in every election since 1992. Even so, the state is "not reliably Democrat", says political analyst...
  • Here’s why 100 business leaders support Trump for president

    10/16/2016 1:16:40 PM PDT · by 2ndDivisionVet · 5 replies
    CNBC ^ | October 16, 2016 | Dan DiMicco, former CEO of Nucor and Andy Puzder, current CEO of Carl's, Jr. parent CKE
    After seven years of anemic economic growth, Americans are facing limited job opportunities, stagnant wages, a diminishing middle class and dismal economic prospects for our youth. A recent Pew Research study found young adults more likely to be living in their parents' homes than at any time since 1940 — Hillary Clinton refers to them as Bernie Sanders basement dwellers. According to the Congressional Budget Office, nearly one in six young men is either jobless or incarcerated, up from about one in 10 in 1980, when the economy was in recession. Gross Domestic Product should be averaging an annual growth...
  • Dems shunning Hillary, turn to Trump for jobs

    10/15/2016 1:59:26 PM PDT · by PROCON · 20 replies ^ | Oct. 15, 2016 | Michael F. Haverluck
    More and more Democrats – also known as “Trumpocrats” – are pledging their allegiance to Republican presidential nominee Donald Trump in hopes that he will bring their communities jobs – jobs they are certain that his rival, Hillary Clinton, will do nothing to retain or create. The Trumpocrats Political Action Committee (PAC) Executive Director Christian Rickers gave Clinton a vote of no confidence after his favorite in the Democratic Party primary, Sen. Bernie Sanders (D-Vt.), lost. He vowed that he would sever from the party and vote for the GOP candidate after Sanders was beaten by Clinton in what many...
  • Donald Trump’s War of Independence

    10/15/2016 10:52:57 AM PDT · by Kaslin · 48 replies ^ | October 15, 2016 | David R. Usher
    Donald Trump is leading America’s third war of Independence (the first two being in 1776 and the War of 1812). Donald Trump’s declaration of independence from the Establishment in both parties was long coming.  He bounced between parties for two decades before coming to the conclusion that both parties worshipped globalism. He had no choice but to run for the Presidency.  His candidacy is in fact America’s Third War for Independence.  Trump’s campaign touched the taproot of the Electorate.  Most Americans cannot quite put a finger on the reason,  but understand one thing: they know they have been sold...
  • What this campaign is really all about

    10/14/2016 2:33:28 PM PDT · by MtnClimber · 11 replies
    Washington Times ^ | 12 Oct, 2016 | Monica Crowley
    If elected, Clinton will finish the economic redistribution Obama started. The political firestorms of the past week — the 2005 tape of Donald Trump uttering crass statements about women, WikiLeaks’ disclosure of thousands of Hillary Clinton’s emails revealing her two-faced hypocrisy, the appearance at the second presidential debate of several women who have accused Bill Clinton of rape and sexual assault, Mr. Trump’s comeback debate performance — have obscured one critically important truth. Hillary Clinton is seeking the Democrats’ third term in the presidency. It’s not, however, her husband’s third term. It’s President Obama’s. She routinely praises Mr. Obama and...
  • Why this Jewish millennial woman supports Trump

    10/14/2016 4:50:21 PM PDT · by 2ndDivisionVet · 15 replies
    The Washington Examiner ^ | October 13, 2016 | Lena Epstein
    I'm Jewish. I'm a woman. I'm a millennial. And I'm incredibly proud to be a Republican supporting Donald Trump for president. For many of us around the country, the media culture has made coming out as a Trump supporter feel as nerve-wrenching as introducing yourself at a support group meeting, as if we have a problem instead of an opportunity. Rather than focusing on what should matter in an election — the economy, borders and education — there has been too much focus on Trump's less than eloquent soundbites. Clearly, he's not the most "politically correct" person in the room....
  • Hey, Millennials, Do Deficits Matter?

    10/14/2016 3:09:14 AM PDT · by expat_panama · 25 replies
    American Thinker ^ | October 14, 2016 | Jon N. Hall
    Progressives have said that “deficits don’t matter.” Even a few conservatives have said as much. Some, however, like Speaker Paul Ryan, worry that the sharp recent rise in the national debt could lead to a “debt crisis,” a situation in which there are no painless choices, a situation where we must act... ...real debt, has grown by $7.884T, or 125 percent, over the Obama presidency... ...most of the money for those overall budget surpluses came from off-budget surpluses run by Social Security... ...Democrats were in charge of Congress in fiscal 1992 and Republicans were in charge in 2000. So Democrats...
  • HSBC avoided US money laundering charges because of 'market risk' fears

    07/12/2016 5:46:32 AM PDT · by RummyChick · 25 replies
    bbc ^ | 7/12 | bbc
    US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a "global financial disaster", a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil. The report alleges the UK "hampered" the probe and "influenced" the outcome. HSBC was accused of letting drug cartels use US banks to launder funds.
  • Mr Trump, Get Back to the Issues, Please

    10/13/2016 4:41:57 PM PDT · by originalbuckeye · 87 replies
    10/13/16 | Originalbuckeye
    The dirt that the Clinton campaign manufactures is nothing but a distraction. Deal with it once at your rallies and then get onto the issues! That is your strong suit!
  • Moody's and Buffett and Hillary’s Tax Plan

    10/13/2016 8:10:21 AM PDT · by ChessExpert · 3 replies
    American Thinker ^ | October 13, 2016 | Jack Hellner
    Economists from Moody’s Analytics write articles saying that Hillary’s economic policies are better for the economy than Trump’s policies. These articles come can come from Mark Zandi, Don White or in this case, Jeff Benjamin. Whenever any article comes from Moody's analytics a footnote should show that a major shareholder of Moody's is Warren Buffett who campaigns for Hillary. The image they project is that Moody's is an objective, independent source. Zandi is always trotted out as the independent economist whenever Obama or Hillary need an economist to support their policies.
  • Fed Hawks Are Gaining Sway, September Meeting Minutes Show

    10/13/2016 3:46:36 AM PDT · by expat_panama · 12 replies
    Investors Business Daily ^ | October 12, 2016 4:13 PM ET | JED GRAHAM
    The Federal Reserve hawks pushing for an immediate rate hike in September lost the battle, but they may have gained the upper hand over the doves, minutes of the September meeting suggested. With three members warning that the Fed risked losing its credibility or being forced to hike rates rapidly if the labor market got too tight, the group in the middle made a concession to the hawks — essentially pledging to hike rates in December unless there was a major shift in economic data. The Fed noted in its Sept. 21 statement that the case for a rate hike...
  • The Out-Of-Control Consumer Financial Protection Bureau Gets Its Wings Clipped

    10/13/2016 3:44:28 AM PDT · by expat_panama · 5 replies
    Investors Business Daily ^ | October 12, 2016 4:17 PM ET | Editorial
    Separation of Powers: A U.S. appeals court took a small step to restoring constitutional order to the federal government on Tuesday when it issued a blistering decision which found that the design of the Consumer Financial Protection Bureau was unconstitutional. Unfortunately, the court left this dangerous agency otherwise intact. It's not too much of an exaggeration to describe the CFPB as the Frankenstein's Monster of federal regulatory agencies. When Democrats breathed life into it as part of the Dodd-Frank financial reform law, they created a bureau that — by design — was almost entirely unaccountable to the public. Congress has...
  • Inequality Is Still the Defining Issue of Our Time [TPP/TRADE IS UNEQUAL]

    10/13/2016 3:42:17 AM PDT · by expat_panama · 4 replies
    The Nation ^ | October 12, 2016 2:41 pm | Robert L. Borosage
    Opponents of the Trans Pacific Partnership protest outside the White House. (Reuters / Gary Cameron) In 2011, President Obama, speaking in the wake of Occupy Wall Street, called inequality the “defining issue of our time.” Now Jason Furman, chair of the Council on Economic Advisors, argues that Obama “narrowed the inequality gap” more than any president in 50 years... ...Don’t take down the barricades. Inequality remains extreme and continues to widen... measures Obama’s reductions against what inequality would have been if George Bush’s policies had been sustained through the Great Recession... ...the richest 1 percent continue to pocket the...
  • Investors Are Finally Getting With The Fed's Program — Are You?

    10/12/2016 3:23:35 AM PDT · by expat_panama · 4 replies
    Investors Business Daily ^ | October 11, 2016 | JED GRAHAM
    Financial markets are beginning to believe the Federal Reserve. That's the simplest explanation for the tumble that major stock indexes took on Tuesday, which saw the 10-year Treasury yield rise to a four-month high and the U.S. dollar index hit its highest level in seven months. While the U.S. central bank's key overnight lending rate is barely above zero and policymakers have repeatedly reined in their intentions for further hikes, markets have taken each Fed pronouncement with a grain of salt. Whether investors doubted the Fed's resolve or its economic forecast, markets have been pricing in an even lower-rate future...
  • William Murchison: When Things Fall Apart

    10/12/2016 3:21:58 AM PDT · by expat_panama · 31 replies
    Investors Business Daily ^ | October 11, 2016 | William Murchison
    What with writers and speakers everywhere quoting William Butler Yeats' poetic appraisal of modern times, as I read recently, maybe we can better appreciate House Speaker Paul Ryan's present dilemma and resolve to leave the guy alone. He is a good man doing the best he can in bad — no, awful — times, despite the revilement falling upon him for his Monday announcement about campaigning no more with Donald Trump. Ryan fears the Democrats could win everything worth winning in November — the White House, the Senate, the House of Representatives. He understands that the Trump candidacy opens the...
  • Most Americans Think Government's Too Big, So Why Are They Backing Hillary?

    10/12/2016 3:19:44 AM PDT · by expat_panama · 35 replies
    Investors Business Daily ^ | October 11, 2016 1:40 PM ET | Editorial
    Election 2016: A new Gallup poll finds that most Americans think the government "is doing too much." At the same time, various other polls show that voters are likely to hand the White House over to Hillary Clinton, who wants to vastly expand the size and scope of government. Go figure. For more than two decades, Gallup has been asking the public whether the "government is trying to do too many things that should be left to individuals and businesses" or "should do more to solve our country's problems." Its latest poll shows that 54% agree with the former, while...
  • Did US Ally Qatar Free Imprisoned Americans in Exchange for Al Qaeda Terrorist?

    01/29/2015 8:05:19 AM PST · by SeekAndFind · 18 replies
    FrontPage Mag ^ | 01/29/2015 | Daniel Greenfield
    Problematic, in a very big way even if the offer was made.Qatar’s ties to Al Qaeda and ISIS aren’t news. They’ve effectively served as intermediaries in everything from ransom exchanges for hostages to Taliban negotiations. But actually trying to secure terrorist swaps for prisoners on their own behalf would have been a new frontier. Before he was released from a U.S. maximum-security prison last week, a confessed al Qaeda sleeper agent was offered up in a potential prisoner swap that would have freed two Americans held abroad.According to two individuals with direct knowledge of the case, the proposition was...
  • Ford idles Mustang plant amid slow sales

    10/11/2016 10:09:56 AM PDT · by Brilliant · 107 replies ^ | October 11, 2016 | David Muller
    Ford Motor Co. is idling its Flat Rock Assembly Plant, where the Dearborn automaker builds the Ford Mustang and the revived Lincoln Continental. The site will be idled for one week, Ford spokeswoman Kelli Felker said in an email. "We continue to match production with demand," Felker said in response to a query about whether the idling was due to slower Mustang sales. "Mustang remains the top seller in its segment in total and retail sales..." Sales of all Ford-brand cars fell by double-digits in the U.S. in September, as Americans continue to gravitate toward crossovers and SUVs, but the...
  • The Next Economic Slowdown Looms Large

    10/11/2016 3:57:49 AM PDT · by expat_panama · 12 replies
    Real Clear Markets ^ | October 11, 2016 | Peter Schiff
    Currently economists and market watchers roughly fall into two camps: Those who believe that the Federal Reserve must begin raising interest rates now so that it will have enough rate cutting firepower to fight the next recession, and those who believe that raising rates now will simply precipitate an immediate recession and force the Fed into battle without the tools it has traditionally used to stimulate growth. Both camps are delusional, but for different reasons. Most mainstream analysts believe that the current economy can survive with more normalized rates and that the Fed's timidity is unwarranted. These people just haven't...
  • German exports post biggest rise in more than six years

    10/10/2016 7:24:53 PM PDT · by Berlin_Freeper · 3 replies ^ | October 10, 2016 | Joseph Nasr
    German exports rebounded more than expected in August, recording their biggest rise in more than six years and dispelling fears that Europe's biggest economy is heading for a slowdown. Seasonally adjusted exports rose by 5.4 percent, the largest rise since May 2010, data from the Federal Statistics Office showed on Monday, while imports increased by 3.0 percent. The data signals that exports, which had been weakening and losing their traditional role as the main growth driver in Germany, will contribute to an expected expansion in the third quarter.
  • Texans Are Cutting Back, Wheels Come off Houston Economy

    10/10/2016 7:57:27 PM PDT · by Lorianne · 17 replies
    Wolf Street ^ | 08 October 2016 | Wolf Richter
    Retail sales in Texas boomed for five years straight, from March 2010, their low point during the Great Recession. Sales tax collections jumped 46% from the first half of 2010 through the first half of 2015 – dizzying growth for a mature market! Given the size of the Texas economy, it helped prop up US retail sales. But by May 2015, 10 months into the oil bust, things began to sag. Sales tax collections in September for sales that occurred in August dropped 3.5% year-over-year, according to the Texas Comptroller of Public Accounts. And in August, sales tax collections had...
  • Why Are Politicians So Obsessed With Manufacturing?

    10/10/2016 4:11:57 AM PDT · by expat_panama · 123 replies
    NY Times Mag. ^ | OCT. 4, 2016 | BINYAMIN APPELBAUM
    When Donald J. Trump landed in Pittsburgh a few weeks ago, the city was buzzing about Uber’s deployment of the world’s first fleet of driverless taxicabs. Political leaders were thrilled that Silicon Valley was hiring highly paid workers and investing hundreds of millions of dollars in western Pennsylvania. Local taxi drivers were understandably less excited that robots were coming for their jobs. Pittsburgh’s football team may still be called the Steelers, but the city has, like the rest of the country, become predominantly a service economy. More than 80 percent of local jobs are in the service sector, roughly on...
  • Maryland Gov. Larry Hogan delays funding for transitway in upper Montgomery

    10/10/2016 1:55:39 AM PDT · by Tolerance Sucks Rocks · 5 replies
    The Washington Post ^ | October 4, 2016 | Katherine Shaver
    Maryland Gov. Larry Hogan (R) has postponed funding a busway in the heavily congested Interstate 270 corridor for at least six years, significantly delaying a transit project that Montgomery County is relying on to develop the upcounty without making traffic worse. Hogan’s proposed six-year transportation budget includes no money for the Corridor Cities Transitway, which has been planned since at least 2000 to connect the Shady Grove Metro station at the end of the Red Line with the upcounty. The first nine-mile segment would run between Shady Grove and the Metropolitan Branch MARC commuter rail station in Gaithersburg. Delaying the...
  • Cadavers Explode in Venezuela's Neglected Morgues

    10/10/2016 1:06:40 AM PDT · by Zakeet · 9 replies
    PanAm Post ^ | October 7, 2016 | Orlando Avendańo
    Wednesday October 5, several patients of the University Hospital Antonio Patricio de Alcalá (Huapa) had to evacuate after a body exploded in the morgue after two days of decomposition. The incident was reportedly caused by faulty storage facilities. “It’s not the first time that a body exploded,” said one worked. “It has already occurred two times since the middle of September. We don’t use formaldehyde here, so the preparation of the bodies is in the hand of the funerary. There are no disinfectants or chlorine either.”
  • The Job Market Will Be Solid On Election Day (Laff riot!)

    10/08/2016 4:19:32 PM PDT · by 2ndDivisionVet · 7 replies
    Five Twenty Eight ^ | October 7, 2016 | Ben Casselman
    The job market held steady in September, which probably means that voters will head to the polls next month amid an economy that is in solid but not spectacular shape. U.S. employers added 156,000 jobs in September, the Bureau of Labor Statistics said Friday. That’s a touch weaker than in August, when they added 167,000 jobs, and a bit below economists’ expectations. But such month-to-month fluctuations mean little (and in any case are likely to change in future revisions). The big picture looks pretty much the same as it has for the past year: Job growth has slowed a bit...
  • The New Non-Working Class

    10/07/2016 10:48:31 PM PDT · by 2ndDivisionVet · 16 replies
    Real Clear Politics ^ | October 6, 2016 | Mona Charen
    "He that will not work shall not eat (except by sickness he be disabled). For the labors of 30 or 40 honest and industrious men shall not be consumed to maintain 150 idle loiterers." -- John Smith, 1609 One out of 6 prime-working-age adult males in the United States is not temporarily unemployed, or "between jobs," or "looking for work." No, a huge cohort of men in America is now neither employed nor looking for work. They are just skating by on a combination of girlfriends, wives, mothers and government benefits. Their status, argues Nicholas Eberstadt in "Men Without Work,"...

    10/07/2016 6:06:34 PM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 10/07/16 | Jeff Couere
    Trump must forgo the trivia and avoid the traps set by Hillary and the moderators and focus on the essentials, the issues like the economy that really matter to the American people Back in 1992, political consultant James Carville coined the phrase “the economy, stupid” as one of the three top campaign messages for the presidential campaign of Bill Clinton. While it was initially designed for only the Clinton staff, it eventually became the overall message of the campaign and the main rationale why the incumbent President George H. W. Bush should be defeated. Of course, it worked and Bill...
  • How Roman Central Planners Destroyed Their Economy

    10/07/2016 5:30:24 PM PDT · by Beave Meister · 15 replies
    Foundation for Economic Education ^ | 10/5/2016 | Richard M. Ebeling
    In 449 B.C., the Roman government passed the Law of the Twelve Tables, regulating much of commercial, social, and family life. Some of these laws were reasonable and consistent with an economy of contract and commerce; others prescribed gruesome punishments and assigned cruel powers and privileges given to some. Other regulations fixed a maximum rate of interest on loans of approximately 8 percent. The Roman government also had the habit of periodically forgiving all interest owed in the society; that is, it legally freed private debtors from having to pay back interest due to private creditors. The Roman government also...
  • 3 Economic Statistics that Predict Donald Trump Will Be Our Next President

    10/07/2016 12:54:59 PM PDT · by 2ndDivisionVet · 7 replies
    Fortune ^ | October 7, 2016
    How you interpret Friday’s jobs report depends on whom you are voting for next month. If you’re a Donald Trump supporter, you probably focus on job growth slowing relative to last year, the rising unemployment rate, or broader measures of unemployment that show an unusually high number of workers who want full time work but can get only part time work. If you are a Hillary Clinton supporter, you choose to emphasize the historically low level of official unemployment, rising wages, and a rising labor-force participation rate. But while these metrics are useful in evaluating the economy, they are not...
  • Has the Market Bet Too Heavily on Hillary Clinton? [MORONS-BUY-STOCKS-TOO ALERT]

    10/07/2016 3:29:56 AM PDT · by expat_panama · 13 replies
    Barrons ^ | Oct. 6, 2016 6:52 p.m. ET | John Kimelman
    Recently, this Website ran a column asserting that “who is president, and from which party, has less impact on your portfolio than is often assumed.” “What’s important, I believe, is to prevent your political biases and emotions from interfering with your investment decisions,” writes Andrew Tanzer... ...expectations about the identity of the next president have found their way into stock valuations, at times shoving aside more traditional factors such as the outlook for corporate earnings, interest rates, and the U.S. GDP... ...a number of financial pundits and journalists have attempted to weigh in on the role that the race for...