Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $24,202
Woo hoo!! And the first 27% is in!! Thank you all very much!! God bless.

Keyword: economy

Brevity: Headers | « Text »
  • General Electric, Honeywell Post Downbeat Revenue

    07/22/2016 2:56:57 PM PDT · by BenLurkin · 4 replies
    WSJ ^ | 07/22/2016
    GE’s challenges are multiple but consistent, Chief Financial Officer Jeffrey Bornstein said, borne out of slow global economic growth and turbulent geopolitical times—everything from the U.K. vote to leave the European Union to Middle East turmoil and currency shifts. “All this uncertainty generally limits growth,” Mr. Bornstein said. The company forecasts revenue will improve over the remainder of the year, helped by an anticipated surge in power turbine shipments. “Bottom line, we are seeing organic growth accelerating in the second half,” Chief Executive Jeff Immelt said on a conference call Friday. While the company’s oil and gas and transportation businesses...
  • GOP Whiffs On Bank Reform, Big Time

    07/22/2016 4:07:28 AM PDT · by expat_panama · 63 replies
    Investors Business Daily ^ | July 21, 2016 | Editorial
    Financial Crisis: The Republican platform put forward in Cleveland is a lively and conservative document, full of great ideas to make America great again. But one thing stands out as a truly bad idea: reviving the partly-repealed Glass-Steagall Act. "We support reinstating the Glass-Steagall Act, which prohibits commercial banks from engaging in high risk activities," says the platform document. What? It was one of the Democrats' big talking points during the 2007-2008 financial crisis and after that a major cause of the panic was due to Bill Clinton in 1999 foolishly going along with the Republicans to get rid of...
  • 3 Reasons to Worry That Stock Rally’s End Is Near

    07/21/2016 3:49:45 AM PDT · by expat_panama · 7 replies
    Barrons ^ | July 20, 2016 | Michael Kahn
    In technical analysis we are taught to trade what we see and under that directive the stock market, or at least the larger capitalization end of it, has a significant breakout in place. After nearly two years of sideways trading, albeit with some large swings, the indexes finally gave what should be an important buy signal. But is it really? It sure walks like a duck, as the old saw goes. But it is quacking like a platypus.......What really bothers me is the lack of dissent in the bullish chorus...   ... many sentiment surveys still show doubt in this rally....
  • These 3 Conservative Policies Have Allowed Indiana’s Economy to Flourish

    07/20/2016 11:22:35 AM PDT · by BenLurkin · 8 replies
    Daily Signal ^ | 07/06/2016 | Sen. Dan Coats
    1. Reduce Bureaucratic Red Tape Republican leaders made it easier to do business in Indiana. They reduced bureaucratic red tape and eliminated many unnecessary regulations. Rather than burdening employers and trying to micromanage how businesses operate, Republicans put in place policies that have allowed our state to grow. 2. Balance the Budget The state put its fiscal house in order. Statehouse leaders cut government spending, balanced the budget, created a surplus, and built a near record reserve fund. Indiana earned a triple-A credit rating in 2010 and has maintained it ever since. These strategies help put the state in a...
  • G.O.P. Joins Democrats Urging Glass-Steagall’s Revival. (Don’t Hold Your Breath.)

    07/20/2016 4:20:02 AM PDT · by expat_panama · 53 replies
    New York Times ^ | JULY 19, 2016 | JEFF SOMMER
    Attacking big banks is as American as apple pie. But it’s a new entry on this year’s Republican menu. In a convention surprise, the Republicans inserted a plank in the party platform calling for the restoration of a Depression-era law, the Glass-Steagall Act, that separated commercial and investment banking. The law was repealed in 1999 during the Clinton administration, with bipartisan support, at the behest of the big banks, which said they needed to combine their investment and commercial functions in order to compete on the global stage. It didn’t turn out so well, of course... ...What the Republican Party...
  • Morning Consult poll: Does Hillary have a problem with low-income voters?

    07/19/2016 3:42:27 PM PDT · by Hojczyk · 17 replies
    Hot air ^ | July 19,2016 | ED MORRISSEY
    Donald Trump – the Republican presidential candidate who often boasts to be “really rich” – is leading Democratic candidate Hillary Clinton among American voters making the most from their jobs. According to a national survey of 23,347 registered voters conducted by Morning Consult in June and the first two weeks of July, Trump leads Clinton, 45 percent to 41 percent, among voters making more than $100,000 annually. He also leads Clinton by 3 points, 44 percent to 41 percent, among voters who make between $50,000 and $100,000. But Clinton has a larger lead over Trump among the less wealthy and...
  • Student Debt Helps, Not Harms, the U.S. Economy, White House Says

    07/19/2016 12:02:51 PM PDT · by Brilliant · 34 replies
    WSJ ^ | July 19, 2016 | Josh Mitchell
    The White House just released a big report on student debt that contains all the familiar horrors about for-profit schools, indebted dropouts and students defaulting on their loans. But it has an interesting conclusion: That growing stack of $1.3 trillion in student debt is helping, not hurting, the U.S. economy. That conclusion is sure to rankle the many student advocates and special-interest groups—from real-estate agents to employers seeking new tax breaks for their young workers—that argue student debt is a big “drag” on the economy. (Hillary Clinton and Donald Trump have each decried the rise in student debt.) But the...
  • What’s the Cause and Effect of Plummeting Public Firms?

    07/19/2016 4:06:24 AM PDT · by expat_panama · 9 replies
    U.S. Chamber of Commerce Foundatio ^ | July 15, 2016 | Bret Swanson
    Facebook held a high-profile initial public offering in 2012, but the number of public companies has been on the decline. (Photo via Wikipedia.) Takeaways What's the "correct" number of public firms in America? It's unclear, but the total number of IPOs has been dipping. An underreported story of the last two decades is the sharp decline in the number of publicly traded U.S. firms. In 1996, U.S. stock markets boasted 7,322 listed firms. By 2015, however, that number had dropped by more than half, to 3,200. If we adjust for population, the U.S. had 2.2 public firms per hundred...
  • The Only Escape From A Global Depression

    07/18/2016 9:02:43 AM PDT · by blam · 28 replies
    The Daily Recokening ^ | 6-29-2016 | Richard Duncan
    Most people are convinced that the government is a drag on the economy, that it should not be allowed to spend any more money. They believe that we’ve spent far too much as it is. Therefore, they believe we must pay for our sins and spend less. It’ll be tough for a few years, they admit. But soon we’ll be back in the laissez-faire garden of Eden. That argument is dangerously wrong. It’s like someone taking a hot air balloon high up in the sky, then suddenly panicking because he’s too high. So he decides to turn off the hot...
  • Why Land and Homes Actually Tend to Be Disappointing Investments

    07/18/2016 4:55:40 AM PDT · by expat_panama · 71 replies
    New York Times ^ | ROBERT J. SHILLER
    Buy land: They’re not making it anymore. That often repeated adage sounds like good financial advice. But over the long run, it hasn’t been. Despite solid price increases over the last few years, land and homes have actually been disappointing investments. It’s worth considering why. Let’s start by looking at the numbers...   ...Over the century from 1915 to 2015, though, the real value of American farmland (deflated by the Consumer Price Index) increased only 3.1 times, according to the Department of Agriculture. That comes to an average increase of only 1.1 percent a year — and with a growing population,...
  • China strikes and protests up 20%

    07/17/2016 9:25:13 PM PDT · by TigerLikesRooster · 8 replies
    China Economic Review ^ | July 15, 2016
    China strikes and protests up 20% Friday, July 15, 2016 Strikes and protests in China during the first half of 2016 rose almost 20% compared to a year earlier as an early boom in construction-sector unrest gave way to sustained growth in collective action by workers in transportation, the Financial Times reports. In June, China saw 169 strikes nationwide, down about 5% year on year, according to figures provided by China Labour Bulletin’s strike map. But it saw a total of 1,456 strikes and protests as of end-June, up 19% from the first half of 2015, according to the Financial...
  • Helicopter Money——The Biggest Fed Power Grab Yet

    07/16/2016 10:01:58 PM PDT · by amorphous · 8 replies
    Stockman's Corner ^ | 14 July 2016 | David Stockman
    The Cleveland Fed’s Loretta Mester is a clueless apparatchik and Fed lifer, who joined the system in 1985 fresh out of Barnard and Princeton and has imbibed in its Keynesian groupthink and institutional arrogance ever since. So it’s not surprising that she was out flogging—-albeit downunder in Australia—- the next step in the Fed’s rolling coup d’ etat. We’re always assessing tools that we could use,” Mester told the ABC’s AM program. “In the US we’ve done quantitative easing and I think that’s proven to be useful. “So it’s my view that [helicopter money] would be sort of the next...
  • This woman may be biggest opposition to Erdogan

    05/27/2016 5:11:42 PM PDT · by MinorityRepublican · 10 replies
    Al-Monitor ^ | May 26, 2016 | Sukru Kucuksahin
    After weeks of uncertainty and foot-dragging, the Appeals Court this week made a critical ruling, setting the stage for a potential shakeup in Turkish politics that may block President Recep Tayyip Erdogan’s drive for an executive presidency. The court gave the green light for the Nationalist Action Party (MHP) to hold a convention requested by in-house dissidents seeking to remake the party, whose erosion in recent years has played directly into Erdogan’s hands. Leading the dissidents is Meral Aksener, a rare female heavyweight on Turkey’s political scene, whose fortunes may now change not only the MHP’s but also Turkey’s course.
  • Measuring Presidential Agendas, Mapping the Future of Entrepreneurship Policy

    07/15/2016 4:36:59 AM PDT · by expat_panama · 4 replies
    Kauffman Foundation ^ | 07/11/16 | Jonathan Ortmans
    Of course, both major United States presidential candidate contenders — Hillary Clinton and Donald Trump — have said they will create more jobs in the United States by supporting entrepreneurs. Having just discussed in this blog some of President Barack Obama’s accomplishments to this end, it is time to look forward into what details we know so far as to the presidential candidates’ agendas to help entrepreneurs form and scale new firms. Former AOL co-founder Steve Case, author of The Third Wave: An Entrepreneur’s Vision of the Future, makes the case that politicians who ignore the new generation of entrepreneurs...
  • Grappling With The Paradox Of Theft [NATIONS W/ MORE DEBT ARE RICHER]

    07/14/2016 5:01:58 AM PDT · by expat_panama · 17 replies
    Investors Business Daily ^ | July 13, 2016 | TODD G. BUCHHOLZ a family grows wealthier, it is less likely to fall into deep debt, default and bankruptcy... ...the opposite is often true for the finances of individual countries -- wealthier nations may pile up proportionately more debt than poorer nations! Amid the onslaught of the Great Recession in 2010, developing countries like Mexico and Russia had smaller debt burdens than the United States, Japan and the eurozone. While the United States stacked up debt equal to about 75% of its annual output, Russia owed only 10%. When the U.S. annual budget deficit soared to over 10% of GDP, Russia's deficit...
  • Chicago’s Collapse Has Begun

    07/13/2016 4:10:26 AM PDT · by detective · 70 replies
    American Thinker ^ | July 13, 2016 | Michael Bargo, Jr
    The city of Detroit, now famous as an economic disaster, began its decline when it lost jobs. This was accompanied by a loss of population, a rapid rise in poverty, increasing dependence upon federal entitlement programs and an unstoppable downward economic spiral. Puerto Rico is now undergoing an economic collapse sparked not by population loss but by excessive government spending. Chicago is in the same situation. Government overspending and over taxation comes first, population loss follows. Chicago is technically bankrupt. Its expenditures have exceeded its receipts for about ten years. All big rust belt cities in the Midwest, East, and...
  • Central Banks Have Sailed Us Where We Shouldn't Be [NEGATIVE RATES HERE TO STAY!!]

    07/13/2016 5:56:18 AM PDT · by expat_panama · 22 replies
    TCW ^ | July 12, 2016 | Tad Rivelle
    Capital markets are information engines. When functioning properly, they reflect what investors know – or think they know – about the future. Future expectations are for all to see, discounted in today’s financial prices. Obviously, this doesn’t mean that capital markets are always “right,” for the future comes as it will, caring not a whit whether it was the one we ordered up or not.For the first time in recorded history, financial interest rates have gone negative. To say this makes no sense is almost tautological. Nobody pays to have their Amazon delivery delayed or their Uber pickup deferred. Consumption now is...
  • Pew Research Finds Europeans Increasingly Uncomfortable With Immigration

    07/12/2016 7:32:41 PM PDT · by Tolerance Sucks Rocks · 20 replies
    MRC TV ^ | July 12, 2016 | Charlie McKenna
    A study released by the Pew Research Center on Monday shows a startling development in European attitudes towards Middle Eastern refugees. In eight of the ten countries surveyed, majorities of citizens polled believe incoming refugees increase the likelihood of terrorism at home. Respondents in Hungary, Poland, the Netherlands, Germany, Italy, Sweden, Greece, and the United Kingdom all responded that they believe incoming refugees increase the risk of terrorism. Respondents in Hungary are most likely (at 76 percent) to believe incoming refugees increase the risk of terrorism, while respondents in Spain are the least likely to believe incoming refugees increase the likelihood of terrorism (at 40...
  • It’s better than you think - Away from the shocking headlines, progress is improving human life

    07/12/2016 5:12:09 AM PDT · by expat_panama · 22 replies
    The Washington Times ^ | Monday, July 11, 2016 | Richard W. Rahn
    It is the worst of times — well no, not really. This past week we had shootings of police and shootings by police. The world economy and political situation is a mess. It is a time of crisis — without an apparent Churchill, Thatcher or Reagan. Yet, in many ways, things have never been better. In 1930, 304 American police officers were killed in the line of duty; last year it was 122. In 1930, the U.S. population was a little over one third of what it is today, so, on a population adjusted basis, there were about seven times...
  • Robots Won't Replace Humans, They'll Simply Transform Their Work

    07/12/2016 5:11:29 AM PDT · by expat_panama · 35 replies
    Real Clear Markets ^ | July 12, 2016 | Arden Manning
     Are the Luddites staging a comeback? In the early 1900s, it was the British weavers and textile workers in the early 1900s, who destroyed machinery to protest newly developed manufacturing machinery they feared would rob them of their livelihoods. Recently, there appears to be a growing chorus of voices sounding the alarm on automation stealing all of our jobs to those invoking doomsday prophecies of a Hollywood-style "Rise of the Machines" taking over our world as we know it. This begs the question of whether we're seeing a resurgence of Luddite sentiments.Critics of automation are quick to cite a...
  • What Clinton and Trump Would Do for Gig Economy Workers

    07/11/2016 11:14:51 AM PDT · by 2ndDivisionVet · 7 replies
    Next Avenue ^ | July 11, 2016 | Nancy Collamer, Work & Purpose Blogger
    As we enter the final stretch of the presidential election season (Hallelujah!), the rhetoric around jobs — how to create good paying ones, minimize income inequality and bring opportunities back home — is sure to heat up. But what about the challenges facing the growing number of Americans who don’t work in traditional jobs, but are instead gig economy workers — like freelancers, consultants, and contractors — who lack the benefits and legal protections typically provided by employers? Where do Donald Trump and Hillary Clinton stand on them? It matters because millions of Americans — the U.S. Government Accountability Office...
  • Ignore Unemployment Pundits, Low 'Labor-Force Participation' Is The Goal [IT'S GOING BACK UP!!!]

    07/11/2016 4:07:16 AM PDT · by expat_panama · 34 replies
    Forbes ^ | July 10, 2016 | John Tamny
    ...Obama’s critics on rates of labor-force participation to some degree makes the case for the Obama economy performing better than is widely believed... ... The argument is that assuming rates of participation that prevailed 5, 10 and 15 years ago, the jobless rate would be higher. This statistic is being used to indict the Obama economy, and will similarly be used by Democrats to eviscerate the economy when a Republican is in the White House. Partisans on both sides will miss the point. Up front, this column is not a defense of President Obama or his economy. His administration’s meddling...
  • If This Is an ‘Economic Recovery’ — What Will the Next Recession Look Like?

    07/10/2016 11:06:40 AM PDT · by massmike · 18 replies ^ | 07/10/2016 | George Will
    America’s economy has now slouched into the eighth year of a recovery that demonstrates how much we have defined recovery down.The idea that essentially zero interest rates are, after seven and a half years, stimulating the economy “strains credulity,” says James Bullard, president of the Federal Reserve Bank of St. Louis. But last month he and other members of the Federal Reserve Board understandably felt constrained to vote unanimously to continue today’s rates for an economy that created just 38,000 new jobs in May, and grew just 0.8 percent in the first quarter, after just 1.4 percent in the previous...
  • Who Is On The Side of American Workers?

    07/10/2016 8:39:48 AM PDT · by Kaslin · 23 replies ^ | July 9, 2016 | John C. Goodman
    Is it Hillary Clinton? Bernie Sanders? Democrats in general? Or is it the supply side policies of the GOP? Economists have been studying economic wellbeing and its determinants since the days of Adam Smith and we know quite a lot about it. So let’s jump to the bottom line. Aside from the rule of law and free markets, the most important determinant of the average wage is economic growth. And the most important ingredient in economic growth is capital accumulation. More capital, more growth. If you place the origin of modern human beings at about 100,000 years ago, for almost...
  • Trump may topple 'blue wall' before ever building border wall

    07/09/2016 8:34:12 PM PDT · by 2ndDivisionVet · 59 replies
    The Sharon Herald ^ | July 1, 2016 | Martin Schram
    It’s been exactly one year since Donald Trump convulsed America’s political pros and punditocracy in howls of hilarity when his rambling campaign kickoff speech veered into his now-famous vow to build his Trump wall across our southern border – and somehow make Mexico pay for it. Now this: In a rare, carefully scripted speech on Tuesday, Trump delivered a series of political hits that, come November, may turn out to be powerful enough to topple yet another iconic political wall – this one seemingly far more impenetrable than any wall the aspiring mogul-in-chief dreams of being able to build. Namely:...
  • You Are a Problem to Be Policed

    07/09/2016 9:31:19 AM PDT · by Rummyfan · 11 replies
    PJ Media ^ | 8 July 2016 | Richard Fernandez
    It's easy to see the events in Dallas through a racial prism. It is harder to see them as the consequences of a political system which relies on keeping people in dependency, in which black Americans are the furthest advanced and therefore the most afflicted. As Mark Blyth, a professor of Political Economy at Brown University put it, the problem is global. In Europe the Romanians, Spaniards and the Greeks are given the part African Americans must play. Blyth points out that after one creates a class of dependents, the next and inevitable step is to control them.For the past...
  • A staggering percentage of Americans are too poor to shop

    07/08/2016 8:29:44 PM PDT · by dynachrome · 207 replies
    NY Post ^ | 7-6-16 | Lisa Fickenscher
    Retailers have blamed the weather, slow job growth and millennials for their poor results this past year, but a new study claims that more than 20 percent of Americans are simply too poor to shop. These 26 million Americans are juggling two to three jobs, earning just around $27,000 a year and supporting two to four children — and exist largely under the radar, according to America’s Research Group, which has been tracking consumer shopping trends since 1979.
  • Thanks To Free Markets, Global Poverty And Hunger Are On The Ropes

    07/08/2016 5:37:44 AM PDT · by expat_panama · 19 replies
    Investors Business Daily ^ | July 7, 2016 | TERRY JONES
    With so much bad news around, occasionally something truly wonderful happens that deserves note. This is one of those. A new forecast by the U.S. Department of Agriculture suggests that hunger in developing nations is dropping sharply. Thanks to falling food prices and rising incomes, the share of those in 76 low- and middle-income nations without adequate access to food will drop from 17% currently to 6% by 2026 -- an amazing 59% decline. Amid so much gloom, humankind is on the verge of banishing its worst enemy, hunger, for the first time in its existence... ...2000, world GDP was...
  • Full Event: Donald Trump/Newt Gingrich Rally in Cincinnati, OH (7-6-16)

    07/07/2016 9:16:44 AM PDT · by Jim 0216 · 148 replies
    YouTube ^ | 7/6/16 | Donald Trump
    [Begin at 1:07:30 into the speech. Speaking of Carrier Air Conditioner which relocated to Mexico.] "Every single time you make a beautiful air conditioner and want to sell it to the United States, there will be a 35% tax on it."
  • Service Sector Growth Accelerates, Refis Skyrocket, Trade Deficit Widens

    07/07/2016 4:19:56 AM PDT · by expat_panama · 26 replies
    Investors Business Daily ^ | 7/06/2016 | ED CARSON
    A leading service sector index signaled that the bulk of the U.S. economy expanded at the fastest pace in 2016. Meanwhile, the U.S. trade deficit widened more than expected, while refinancing activity spiked on plunging mortgage rates... The Institute for Supply Management said its services gauge for June jumped 3.6 points to 56.5, the highest since last November... U.S. Trade Deficit Widens The U.S. trade gap for May rose 10% to $41.1 billion, the Commerce Department said, wider than the $40 billion expected. Imports rose 1.6% on consumer goods and higher prices for petroleum. Exports dipped 0.2%. Mortgage Applications Jump...
  • The Big Unravel – US Commercial Bankruptcies Skyrocket

    07/07/2016 4:07:59 AM PDT · by expat_panama · 5 replies
    Naked Capitalism ^ | July 6, 2016 | Wolf Richter
    Yves here. While commercial bankruptcies are still below the level of late 2013, Wolf is correct to point out that the spike during this year’s bankruptcy season is bigger and longer-lived than in recent years. Presumably a fair bit of the change is due to stress in oil producing areas, but it may also include an intensification of the ongoing shakeout in bricks and mortar retailers.By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf StreetThis year through June, there have been 91 corporate defaults globally,...
  • The Truth: Obama’s Net Gain in Jobs Is a Negative 14 Million

    07/06/2016 7:40:44 AM PDT · by blueyon · 6 replies
    the gateway pundt ^ | 7/06/16 | Jim Hoft
    President Obama claimed on Tuesday during his campaign rally with Hillary Clinton that the US economy is in great shape and that he created 14 million jobs. As usual, with Obama, know that the opposite is probably closer to the truth. First of all, the US economy is not in great shape. If it was the Fed would be raising interest rates. Because the economy is not in great shape the Fed has again decided to delay raising rates. Obama will probably not raise interest rates through the end of his term with some estimates that the US will be...
  • Economic Optimism Chills As Summer Begins: IBD/TIPP

    07/06/2016 4:17:04 AM PDT · by expat_panama · 8 replies
    Investors Business Daily ^ | 7/05/2016 | ED CARSON
    Pessimism about the U.S. economy has fallen to its lowest level since last November, according to the latest IBD/TIPP Economic Optimism Index, a bad sign for consumer spending as Apple (AAPL), Gap (GPS) and other consumer companies report sluggish demand. The sentiment gauge fell 2.7 points, or 5.6%, to 45.5, matching November's reading. The index has been below the neutral 50 level since April 2015. The poll's Six-Month Economic Outlook, a measure of how consumers feel about the economy's prospects in the next six months, dropped 6.9 points to 36.7, falling 15.8%. That's the lowest since a matching reading last...
  • This economist thinks China is headed for a 1929-style depression

    07/05/2016 7:54:53 PM PDT · by TigerLikesRooster · 33 replies
    This economist thinks China is headed for a 1929-style depression î ƒin World Economy News î …04/07/2016 Andy Xie isnÂ’t known for tepid opinions. The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade ago when he left the Wall Street bank after a controversial internal report went public. Today, he is among the loudest voices warning of an inevitable implosion in China, the worldÂ’s second-largest economy. Xie, now working independently and based in Shanghai, says the coming collapse wonÂ’t be like the Asian currency crisis of 1997 or the U.S. financial meltdown...
  • US Manufacturing Expands At Fastest Pace Since February 2015

    07/05/2016 8:26:30 AM PDT · by expat_panama · 24 replies
    Investors Business Daily ^ | 7/01/2016 | ED CARSON
    U.S. manufacturing expanded at the fastest pace in more than a year, according to the Institute for Supply Management on Friday. ISM's nationwide gauge rose 1.9 points to 53.2, the strongest since February 2015. Economists had expected a slight rise to 51.5. It was the fourth straight reading over 50, signaling expansion. The new orders and production subindexes showed solid gains. The employment measure rose 1.2 points to 50.4, the first positive reading of 2016. The export orders gauge rose to its best level since late 2014. A weaker dollar in much of 2016, along with a stabilizing energy sector,...
  • Brexit for America

    07/03/2016 11:38:05 AM PDT · by Kaslin · 11 replies ^ | July 3, 2016 | Paul Driessen
    Independence Day weekend is a perfect time to reflect on personal freedoms and responsibilities. The Magna Carta and Declaration of Independence were about overbearing, despotic kings. Brexit, BritainÂ’s decision to leave the European Union, was much about overbearing bureaucrats in Brussels. This yearÂ’s U.S. elections likewise center on gaining a new measure of freedom from an authoritarian, unaccountable Executive Branch in Washington. Like Brexit, they are also about We the People actually having a role in a democracy, a voice in how much power government will have over our lives. The Brexit motto is fast becoming the driving force in...
  • Donald Trump taps into manufacturing regions to extract Democratic voters

    07/03/2016 10:09:28 PM PDT · by 2ndDivisionVet · 14 replies
    The Manchester Guardian ^ | July 3, 2016 | Ben Jacobs in Steubenville, Ohio
    The Ohio river valley was once a foundation of the American economy, and of the Democratic party. For decades, coal- and steel-producing areas in south-east Ohio and south-west Pennsylvania voted Democrat. Union workers, supporting the party of organized labor, counted on steady and well-paid jobs. But the US coal industry has been unable to survive major shifts in the world economy and steel has been subject to mechanization. In recent years, those steady jobs have disappeared. This has turned the region into ripe territory for Donald Trump. In the Pennsylvania Republican primary, the billionaire won a crushing victory, sweeping the...
  • Alaska’s Cable Company Wants to Put The Whole State on Welfare So It’ll Have Customers

    07/03/2016 7:53:40 AM PDT · by Kaslin · 37 replies ^ | July 3, 2016 | Brian McNicoll
    Things are not going all that well for Ron Duncan.Duncan, 62, who made $3.4 million last year as CEO of GCI, the cable and communications firm that dominates Alaska, has had recent troubles with mouthy executives and new competition from Japan. More seriously, GCI lost $26 million in 2015, nearly $9 million in the fourth quarter alone – after which he said, paraphrasing Custer no doubt: “We finished 2015 on strong operational footing, which sets us up to capitalize on opportunities in 2016.”But his real problem will come when the Alaska legislature declines to continue to fund his gravy train....
  • US economy is like Botox, looks fine only on the outside - Marc “Dr. Doom” Faber

    07/02/2016 9:30:07 AM PDT · by TigerLikesRooster · 8 replies
    RT ^ | Jun 30, 2016 | Sophie Shevardnadze
    US economy is like Botox, looks fine only on the outside - Marc “Dr. Doom” Faber Published time: 13 Jun, 2016 06:39 Edited time: 30 Jun, 2016 08:18 /snip Follow @SophieCo_RT Sophie Shevardnadze: World-famous investor, publisher of the "Gloom Boom Doom Report", dr. Doom, Marc Faber, welcome to the show, it's really great to have you with us. Now, the outcome of the U.S. vote in November won't just impact the American economy. The whole world will feel it. You were saying that your worst fear is Hillary Clinton will become president of the U.S. You said she's "a questionable...
  • Why Trump Wins: He knows border wars have replaced culture wars.

    07/01/2016 11:33:19 PM PDT · by 2ndDivisionVet · 30 replies
    The American Conservative ^ | June 27, 2016 | Scott McConnell
    When he descended the Trump Tower escalator on June 15 last year to announce his run for the presidency, Donald Trump polled near the bottom of the Republican field. An NBC-Wall Street Journal poll taken from June 14 to 18 reported Trump was the first choice of 1 percent of Republican voters, behind Rick Perry, Carly Fiorina, and eight others. A RealClearPolitics graphic tracking an average of several polls illustrates the stunning speed of Trump’s rise. For most of June, Trump’s line slithered along the bottom of the 17-person field, then headed by Jeb Bush. Two weeks after his announcement,...
  • It’s About The ‘Working’ In ‘Working Class’

    07/01/2016 8:19:15 PM PDT · by 2ndDivisionVet · 10 replies
    The Huffington Post's The Blog ^ | July 1, 2016 | Tiziana Dearing
    A recent Quinnipiac University poll has Donald Trump caught up with Hilary Clinton in some key industrial states, including Ohio and Pennsylvania. While the pundits have had a field day analyzing why he’s doing better than expected there, I feel like we keep missing a key point. It’s still the economy, stupid. We’ve talked a lot about the “working class” in this election - mostly in terms of demographics such as gender and race. As a friend of mine said recently, though, the key to that phrase is the word “working.” He’s right. “Working” is the identity a broad base...
  • KYLE BASS: 'We Are Facing The Largest Macro Imbalance In Global History'

    07/01/2016 1:42:13 PM PDT · by blam · 28 replies ^ | July 1, 2016 | Rachel Levy
    Rachael LevyJuly 1, 2016 "We are facing the largest macro imbalance in global history." That's according to Kyle Bass, founder of hedge fund Hayman Capital Management. Investors better prepare for a Chinese crisis that will mimic what happened in the US mortgage crisis, Bass said in a Friday interview with Real Vision Television. "When I look at what's happening now in China, the amplitude of what's happening is two, three, or four times what happened in the US," he said. Here are Bass' main points: •The Chinese are going to have to accept a devaluation of the yuan. • When...
  • Right-To-Work For More? Michigan Income Growth the Nation’s Third-Fastest

    07/01/2016 12:30:06 PM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 6/29/2016 | Tom Gantert
    Incomes in Michigan grew faster than all but two other states during the first three months of 2016 according to a new report from the U.S. Bureau of Economic Analysis. Per capita personal income in Michigan increased 1.3 percent from the fourth quarter of 2015 to the first quarter of 2016, trailing only the states of Washington (1.5 percent) and Maine (1.4 percent). “More confirmation that Michigan's economy is doing very well,” said Don Grimes, a University of Michigan economist, in an email. Nationwide, state incomes grew 1.0 percent on average during the period, ranging from a loss of 1.3...
  • Does Monetary Policy Affect Real Economic Activity? [FED CAN'T HELP THE ECONOMY]

    07/01/2016 5:31:03 AM PDT · by expat_panama · 21 replies
    Cato Journal ^ | Spring/Summer 2016). | Jerry L. Jordan
    Do the policy actions of monetary authorities actually affect economic activity? We know that time and other resources are expended, but what can we observe about the results of such efforts? In answering this question, it is helpful to begin with an account of how monetary authorities in discretionary, fiat currency regimes are traditionally thought to influence economic activity. Here, every college course in intermediate monetary theory tells essentially the same story. A nation’s money supply comprises two distinct components: paper currency and deposits at banking organizations. The former was the largest component in earlier times, but the latter has...
  • Silver Over $19 - Hong Kong Market

    06/30/2016 9:31:38 PM PDT · by chopperman · 16 replies
    Its on a tear.
  • Maryland Attorney General Frosh Using Subpoenas to try to Silence Political Debate

    06/30/2016 12:51:38 PM PDT · by Tolerance Sucks Rocks · 22 replies
    MCGOP ^ | June 28, 2016 | Mark Uncapher
    Maryland Attorney General Brian Frosh recently joined 16 other state Attorneys General to launch, in their own words, “an unprecedented, multi-state effort to investigate and prosecute the ‘high-funded and morally vacant forces’ that have stymied attempts to combat global warming—starting with holding ExxonMobil and other industry giants accountable for fraud and suppression of key climate science.” In explaining his support of “AGs United for Clean Power,” Frosh said: “There is no doubt that climate change is an existential threat to our society and to our entire planet….I am deeply troubled that oil companies have contributed to the problem by intentionally...
  • China is crushing the U.S. in 'economic warfare'

    06/30/2016 7:35:48 AM PDT · by rightwingintelligentsia · 19 replies
    CNN Money ^ | June 30, 2016 | Heather Long
    As China has risen to become the world's No. 2 economy, it has repeatedly used its business and financial clout to get what it wants on the world stage, say foreign policy experts Robert Blackwill and Jennifer Harris. When Norway gave Chinese dissident Liu Xiaobo the Nobel Peace Prize in 2010, China dramatically scaled back its salmon purchases from Norway and halted trade talks. When tensions escalated between the Philippines and China over a territorial dispute in the South China Sea, China let Philippine bananas rot in its ports. Over the years, Beijing has retaliated so strongly by cutting (or...
  • Election 2016: Your money, your vote 71% of Americans believe economy is 'rigged'

    06/30/2016 4:24:54 AM PDT · by expat_panama · 17 replies
    CNN Money ^ | June 28, 2016 | Heather Long
    The overwhelming majority of Americans believe the economy is rigged. Seventy-one percent think the U.S. economic system is "rigged in favor of certain groups," according to a new poll by Marketplace and Edison Research. The poll asked a simple question: Which of the following comes closer to your opinion on the economic system in the U.S. People could select between three options: 1. The economic system is rigged in favor of certain groups 2. The economy system is fair to all Americans 3. Don't know Most selected rigged economy. It didn't matter if the person was white, black or Hispanic...
  • What Brexit Means for the European Union’s Future

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

    06/29/2016 5:43:45 AM PDT · by Zakeet · 36 replies
    ZeroHedge ^ | June 29, 2016
    Back in April President Obama took a trip over to the UK in order to lecture another country on how to vote - Obama of course was staunchly in the Remain camp. Obama even penned an op-ed titled: "As your friend, let me say that the EU makes Britain even greater." Of course, we all know the historic outcome of the Brexit vote, and we have even asked if it was Barack Obama who actually was the deciding factor: UKIP leader Nigel Farage has never been shy of course, but lately has been making sure to remember all of those...