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79%  
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Keyword: economy

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  • Feature: The new shape of fusion

    05/24/2015 10:15:25 PM PDT · by 2ndDivisionVet · 1 replies
    Science ^ | May 21, 2015 | Daniel Clery
    ITER, the international fusion reactor being built in France, will stand 10 stories tall, weigh three times as much as the Eiffel Tower, and cost its seven international partners $18 billion or more. The result of decades of planning, ITER will not produce fusion energy until 2027 at the earliest. And it will be decades before an ITER-like plant pumps electricity into the grid. Surely there is a quicker and cheaper route to fusion energy. Fusion enthusiasts have a slew of schemes for achieving the starlike temperatures or crushing pressures needed to get hydrogen nuclei to come together in an...
  • Why LA's $15 Minimum Wage Will Really Be $19.28

    05/24/2015 8:57:52 PM PDT · by 2ndDivisionVet · 15 replies
    Investor's Business Daily ^ | May 21, 2015 | Jed Graham
    The Los Angeles City Council this week voted to raise the minimum wage to $15 an hour. But the effective cost for employers likely will spike to nearly $20, at least for full-time workers. Once all the nonwage costs are added, including payroll taxes, paid sick leave and the big one — ObamaCare's employer mandate — minimum compensation for a full-time worker could rise as high as $19.28 an hour by 2020, an IBD analysis finds. That would amount to a jump of $10.67, or 124%, since June 2014. Seemingly absent from the minimum-wage debate has been the reality that...
  • Advertising newsletter PennySaver shuts down; hundreds lose their jobs

    05/24/2015 8:19:05 PM PDT · by Zakeet · 58 replies
    LA Times ^ | Stuart Pfeifer
    The PennySaver, an advertising newsletter that was a fixture in Southern California mailboxes for decades, is going out of business. Employees said they were told late Friday that the company was ceasing operations immediately, without warning or further explanation. “They said, ‘That’s it. We’re done. We’re closing. Everybody pack up your things and leave,'” said one employee, who asked that her name not be published because she was unauthorized by the company to talk to the news media. [Snip] On its website, OpenGate said the PennySaver is the largest direct mail shopping publication in the United States, reaching 11 million...
  • Privatization Fail: Scott Walker's WEDC in Full Meltdown (Is this Free Market economics?

    05/24/2015 11:46:40 AM PDT · by Laissez-faire capitalist · 69 replies
    PR Watch ^ | 5/18/2015 | Mary Bottari
    During the 2010 campaign for governor, Scott Walker promised to create 250,000 jobs in his first term. Toward this end, one of his first acts as governor was to privatize the state's economic development agency. Wisconsin Economic Development Corporation (WEDC) opened its doors in July 2011. After a series of damning audits, which highlighted mismanagement and incompetence, and news reports of special treatment for Walker donors, on Monday Democratic state lawmakers called for a federal investigation of the scandal-plagued entity. Walker is the Chairman of the Board When walker created WEDC in 2011, he named himself Chairman of the Board....
  • ISIS rises, the economy falters, and Obama’s legacy falls apart

    05/24/2015 8:36:44 AM PDT · by Libloather · 27 replies
    NY Post ^ | 5/23/15 | John Podhoretz
    Deep into the seventh year of his tenure, Barack Obama is thinking about his post-presidential legacy. We know this because he’s telling us so. In an interview this week with The Atlantic about the potential deal with Iran regarding its nuclear program, the president sought to use the fact of his relative youth and his consciousness about how history might judge him to his advantage: “Look, 20 years from now, I’m still going to be around, God willing. If Iran has a nuclear weapon, it’s my name on this. I think it’s fair to say that in addition to our...
  • Southern Republican Leadership Conference: 5 takeaways

    05/24/2015 5:53:07 AM PDT · by Cincinatus' Wife · 11 replies
    Politico ^ | May 24, 2015 | Alex Isenstadt
    At one of the most important events on the GOP calendar, Scott Walker showed his crash course in foreign policy is paying off. OKLAHOMA CITY — Like most other recent GOP presidential forums and meetings, the Southern Republican Leadership Conference this week teemed with 2016 candidates aiming for a breakthrough moment. Nothing like that happened here. But in attending one of the most important events on pre-primary season calendar — one that drew roughly 2,000 conservative activists, mainly from the Republican Party’s Southern heartland — the White House hopefuls revealed a little more about themselves and the paths they see...
  • Hillary Clinton Calls Out Republicans For Killing Jobs And Not Standing Up To Tea Party

    05/23/2015 2:35:44 PM PDT · by 2ndDivisionVet · 63 replies
    PoliticusUSA - Real Liberal Politics ^ | May 22, 2015 | Keith Brekhus
    At a craft brewery in Hampton, New Hampshire, Hillary Clinton called out her Republican presidential opponents for sacrificing American jobs to appease the billionaire Koch Brothers and talk radio Tea Party extremists. In particular, Clinton criticized Republicans who want to dismantle the Export-Import Bank, which supplies loans and provides insurance to facilitate the sale of U.S. exports to international buyers. A number of Republican presidential contenders have gone on record in favor of killing the Export-Import Bank, a move that could potentially eliminate a significant number of American jobs in the process. Florida Senator Marco Rubio and Texas Senator Ted...
  • No Progress Since the War on Poverty Began Half a Century Ago

    05/23/2015 7:59:22 AM PDT · by rktman · 12 replies
    americanthinker.com ^ | 5/23/2015 | Christopher Carson
    Eleven days ago, President Obama took the opportunity at Georgetown University to defend the government’s 50-year experiment in anti-poverty welfare programs. The president claimed: It is a mistake for us to suggest that somehow every effort we make has failed and we are powerless to address poverty. That’s just not true. First of all, just in absolute terms, the poverty rate, when you take into account tax and transfer programs, has been reduced about 40 percent since 1967.
  • Why many experts missed this: Cheap oil can hurt US economy

    05/23/2015 7:20:57 AM PDT · by dila813 · 32 replies
    Yahoo ^ | Today | CHRISTOPHER S. RUGABER
    WASHINGTON (AP) — If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. It hasn't worked out that way. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending.
  • Where Is Scott Walker?

    05/23/2015 2:38:23 AM PDT · by Cincinatus' Wife · 91 replies
    New York Magazine ^ | May 22, 2015 | Marin Cogan
    Over the last three months, the GOP's Iowa front-runner has become an incredible, shrinking presence on the campaign trail. Sure, he's still touring the country, introducing himself to voters, telling them how unafraid he was to stand up to the unions and liberal protesters he battled in Wisconsin, but he's also ducking out of uncontrolled situations, skipping questions from the press, and spending more time on small or private events, usually packed with friendly crowds. Last week, when he traveled to Israel — usually an occasion to invite reporters or hold a press conference — Walker held no press events....
  • Scott Walker On The Dana Show 5-22-15

    05/22/2015 12:56:54 PM PDT · by Cincinatus' Wife · 1 replies
    FM News Talk ^ | May 22, 2015 | Dana
    29:00 [click on picture then click on red dot to listen]
  • How Scott Walker and His Allies Hijacked the Wisconsin Supreme Court

    05/22/2015 6:33:19 AM PDT · by Cincinatus' Wife · 46 replies
    Mother Jones ^ | May 22, 2015 | Pema Levy
    For three years, Wisconsin prosecutors have been investigating whether Republican Gov. Scott Walker broke campaign finance laws as he battled a 2012 recall effort sparked by his push for a law that undercut the power of public sector unions. Prosecutors allege that Walker and his aides illegally coordinated with conservative groups that were raising money and running ads to support Walker and his Republican allies. At least one group at the center of the probe, the Wisconsin Club for Growth, has gone to court to stop the investigation. Its fate now rests with the Wisconsin Supreme Court, which will rule...
  • The Fate of the Fed's Exit Strategy Is In Foreign Hands

    05/22/2015 5:46:26 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | May 22, 2015 | Jeffrey Snider
    In all this talk about whether the economy will be strong enough to support the first policy change of this cycle, and how utterly sad it is to even have to argue about it, the larger issues about the exact operational framework remain largely unexamined. The intent of the FOMC is to undergo an orderly transition from extraordinary policy positions toward a setting more like normal. To go from A to B is not as simple as plugging in a new number, a fact that Federal Reserve officials are very quietly dealing with. The Fed has a repo problem, one...
  • Clinton Leads Republican Field By Double Digits in Washington [Walker leads w/ conservatives]

    05/22/2015 12:12:39 AM PDT · by Cincinatus' Wife · 30 replies
    Public Policy Polling ^ | May 21, 2015 | Tom Jensen
    "...6 Republican candidates hit double digits when it comes to who voters within their party want to be their nominee. Scott Walker leads with 18% to 15% for Marco Rubio, 13% for Mike Huckabee, 11% for Ted Cruz, and 10% each for Jeb Bush and Ben Carson. Chris Christie (6%), Rand Paul (5%), and Rick Perry (3%) round out the field. Walker has the slight overall edge on the Republican field due to his strength with voters who identify themselves as 'very conservative.' He gets 28% to 18% for Cruz, 16% for Huckabee, and 10% for Rubio. Rubio's greatest strength...
  • Scott Walker Will Keynote Philly GOP Conference

    05/21/2015 12:32:37 PM PDT · by Cincinatus' Wife · 11 replies
    Politics PA ^ | May 21, 2015 | Nick Field
    Scott Walker is coming to Philadelphia. The Wisconsin Governor and probable 2016 presidential candidate will keynote the 2015 Northeast Republican Leadership Conference.“Governor Scott Walker is one of the leading voices of conservative values in the Republican Party,” PA GOP Chair Rob Gleason said. “Governor Walker has a proven track record of putting Republican principles into practice in government. Scott Walker has always put the needs of the taxpayer ahead of the wishes of special interests, and I look forward to hearing him discuss his vision for the future of our Party and our country.” “As the cradle of liberty, Philadelphia...
  • BUSTED: Paul Krugman removed 20 yrs of data from chart to show correlation that wasn't really there

    05/21/2015 8:30:02 AM PDT · by SeekAndFind · 25 replies
    Business Insider ^ | 05/21/2015 | CULLEN ROCHE, PRAGMATIC CAPITALISM
    Someone sent me an email Wednesday evening with some details on the Paul Krugman response to James Montier, which I discussed here. I had previously stated that the Krugman response was lacking meat. But it's actually worse than that. It's actually highly misleading and appears intentionally so. In the post, Dr. Krugman tries to show how much interest rates matter by comparing the Fed Funds Rate with Housing Starts. He shows a chart and declares that there appears to be a strong correlation. Except, as this emailer notes, he appears to have shifted the chart to make it appear as...
  • You Won’t Believe What These Hillary Supporters Said About Her Accomplishments

    05/21/2015 7:51:45 AM PDT · by Cincinatus' Wife · 15 replies
    1:00 video "......The only thing of value that was mentioned was that Hillary is not Scott Walker. No, she is not indeed. The Wisconsin Governor has a reputation for fulfilling his objectives without seeking media approval. Hillary is definitely not Scott Walker. If Hillary isn’t even viewed as having accomplished anything as Secretary of State, how can she persuade the general electorate to vote for her?
  • Thinking About China

    05/21/2015 6:39:18 AM PDT · by Sean_Anthony
    Canada Free Press ^ | 05/21/15 | Al Caruba
    China’s economic clout is real and growing rapidly, especially since the 2008 financial crisis. China has been the main engine of growth for the world’s economy since that time and, by some measures, has become the world’s number one trading state Napoleon Bonaparte purportedly said “Let China sleep, for when China wakes, she will shake the world.” As Thomas J. Christensen, the author of his recently published “The China Challenge: Shaping the Choices of a Rising Power”, reminds us, “For millennia China was arguably the greatest civilization on the planet and for many previous centuries its most powerful empire.” China...
  • What If Everybody Didn't Have to Work to Get Paid?

    05/20/2015 8:27:35 PM PDT · by 2ndDivisionVet · 70 replies
    The Atlantic ^ | May 18, 2015 | David R. Wheeler
    Scott Santens has been thinking a lot about fish lately. Specifically, he’s been reflecting on the aphorism, “If you give a man a fish, he eats for a day. If you teach a man to fish, he eats for life.” What Santens wants to know is this: “If you build a robot to fish, do all men starve, or do all men eat?” Santens is 37 years old, and he’s a leader in the basic income movement—a worldwide network of thousands of advocates (26,000 on Reddit alone) who believe that governments should provide every citizen with a monthly stipend big...
  • Scott Walker Courts Congressional Republicans

    05/20/2015 7:48:23 AM PDT · by Cincinatus' Wife · 1 replies
    Newsweek ^ | May 20, 2015 | Emily Cadei
    Wisconsin Governor Scott Walker brought some sunny Midwestern optimism Tuesday to Washington, D.C, a place known for partisan gloom. Congressional Republicans who met with Walker, a soon-to-be presidential contender, called him a breath of fresh air. The trip even won him some fans in unlikely places.....“I was so impressed that his whole message was positive,” Representative Joe Wilson, from the early primary state of South Carolina, tells Newsweek. “He was not hitting the president or the leading presidential candidate of another party.... It was about him and his agenda.” Wilson attracted national attention in 2009 when he shouted, “You lie!”...
  • GDP Weakness: Weather Problem or Measurement Problem?

    05/20/2015 5:44:30 AM PDT · by expat_panama · 21 replies
    Real Clear Markets ^ | May 20, 2015 | Jonathan Wright
    Economic output (gross domestic product or GDP) showed a mere 0.2 percent growth rate in the first quarter of 2015. Last year, it was even worse, with a 2.1 percent contraction in the first quarter. Both years had especially harsh winters, but many commentators have now noticed that the pattern of weak first quarters has been around for longer -- not just in years with harsh winters. As a result, they are starting to question if the adjustments that the statisticians at the Bureau of Economic Analysis (BEA) make for seasonal effects in their calculations of growth are in fact...
  • Obama: Climate change ‘serious threat to global security’

    05/20/2015 5:40:55 AM PDT · by Cincinatus' Wife · 19 replies
    The Hill ^ | May 20, 2015 | Timothy Cama
    President Obama will use a Wednesday speech to highlight his view that climate change is one of the most significant military threats to the United States and the world. Obama will argue in his address to graduates at the United States Coast Guard Academy that the fight against climate change is a fight for global peace and against the conflicts that lead to war, the White House said in a preview of his remarks. “I am here today to say that climate change constitutes a serious threat to global security, an immediate risk to our national security, and, make no...
  • Walker's ban on Common Core approved by committee

    05/20/2015 1:12:29 AM PDT · by Cincinatus' Wife · 26 replies
    Houston Chronicle ^ | May 20, 2015
    MADISON, Wis. (AP) — Gov. Scott Walker's proposal prohibiting the state superintendent from forcing local school districts to adopt Common Core academic standards has been approved by the Legislature's budget committee. [snip] State Superintendent Tony Evers adopted the Common Core standards in 2010, but Walker's proposal would prohibit him from advocating for or promoting the standards to school districts.
  • Poll: Republicans more enthusiastic for 2016 field

    05/20/2015 12:03:47 AM PDT · by Cincinatus' Wife · 3 replies
    CNN ^ | May 19, 2015 | Alexandra Jaffe
    Washington (CNN)Republicans are more positive about their slate of presidential contenders than they were around the same time during the last two campaigns, according to a new survey. The poll, from the Pew Research Center, found that 57% of Republican and Republican-leaning registered voters said they have an "excellent" or "good" impression of their party's presidential candidates. That compares to the 50% that viewed the GOP field positively in September of 2007, and the far fewer -- 44% -- that had a favorable view of the field in May of 2011. Democrats, meanwhile, are experiencing the opposite trend: they're less...
  • As Floridians Are Displaced, Rubio Demands More Foreign Workers

    05/19/2015 11:42:06 PM PDT · by Cincinatus' Wife · 48 replies
    The Daily Caller ^ | May 19, 2015 | Rachel Stoltzfoos
    .....Disney, Southern California Edison and most recently Fossil Group have together fired hundreds of American tech workers and forced them to train their foreign replacements, many of whom were flown in specifically to take their job.....On their last day of employment, he and the other replaced workers were asked to turn over their badges, their Disney season passes, and their laptops and then asked to leave.... “It was just a complete shock that you could do that in this country,” he said........ “It’s just so humiliating and so anti-American. It’s just, it’s just terrible. It’s just awful.”Wisconsin Gov. Scott Walker...
  • What Will Happen to Truck Stop Towns When Driverless Truck Technology Expands?

    05/19/2015 7:56:40 PM PDT · by 2ndDivisionVet · 64 replies
    Route Fifty ^ | May 18, 2015 | Michael Grass
    In just a few years, communities that depend on the trucking industry for their vitality will be facing major economic disruption.Roscoe, Nebraska, is a good place to contemplate how the evolution of long-haul travel can change a community. This unincorporated settlement—some classify Roscoe as a “semi-ghost town”—sits about seven miles east of the city of Ogallala along U.S. 30, which follows the old Lincoln Highway route and before that, various overland migration trails to California, Oregon and Utah. Just off U.S. 30, opposite the Union Pacific freight-rail tracks, there’s an abandoned gas station with its former pump, pictured above, standing...
  • Watch: Michelle’s Race-Baiting Shredded By Black Guy Who Gives Her A Must-See History Lesson

    05/19/2015 5:53:10 AM PDT · by KeyLargo · 25 replies
    Western Journalism ^ | May 18, 2015 | B. Christopher Agee
    Watch: Michelle’s Race-Baiting Shredded By Black Guy Who Gives Her A Must-See History Lesson VIDEO B. Christopher Agee May 18, 2015 at 2:32pm In a recent installment of Zonation, host Alfonzo Rachel reacted to Michelle Obama’s recent commencement address at Tuskegee University. As Western Journalism reported, the first lady used the forum to spread a message of victimhood among black graduates. “I’m disappointed that the students at Tuskegee University didn’t get up and walk out on Michelle Obama’s speech,” Rachel said. “It’s like the graduates spent all that time at the college and didn’t learn anything worth a hard donut.”
  • Candidates Win Evangelicals with Pro-American Worker Immigration Policy

    05/18/2015 10:47:53 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | May 18, 2015 | Ken Blackwell
    Wisconsin Governor Scott Walker, an expected GOP presidential candidate, drew the ire of the political right and left recently over his comments on immigration. When it comes to the immigration issue, Republicans are expected to use the tried and true, consultant tested “secure the border” talking point and move on to other issues.Gov. Walker, like former US Senator, Rick Santorum, has taken things further than just a discussion of illegal immigration. They have dared to discuss the impact of legal immigration on American workers. Like most Republicans, I’m still undecided about the Presidential field. But I have an enormous amount...
  • The climate nightmare we aren’t taking seriously enough: President Scott Walker

    05/18/2015 1:27:33 PM PDT · by Cincinatus' Wife · 62 replies
    Salon ^ | May 18, 2015 | Jeff Stein, a recent Cornell graduate and the editor of the Ithaca Voice.
    Imagine, for just a moment, the following scenario: The year is 2019 — two years into the first term of President Scott Walker. The Royal Dutch Shell corporation proposes a massive expansion of its existing drilling operation in the Arctic Ocean. Shell officials note that there have been no major accidents since their first exploratory wells became operational, and that doing so will provide a big boost to an American economy sliding into recession. President Walker, whose base is furious that he has only eliminated half of all federal food stamp and welfare programs, jumps into action. He orders Interior...
  • BLM plan to close over 1,000 public routes riles western Colorado

    05/18/2015 10:51:26 AM PDT · by george76 · 67 replies
    Watchdog ^ | May 13, 2015 | Marjorie Haun
    A plan that will close nearly 2,000 miles of public roads that have previously been open for use by the people of Mesa County is creating a public backlash against the Grand Junction field office of the federal Bureau of Land Management. The BLM’s resource management plans (RMP) regulate the access and types of traffic allowed on roads on public lands. Road maintenance and seasonal closures are also detailed in such plans. But the most recent RMP in Mesa County indicates the BLM’s intent to limit access to public roads which have traditionally been open to motorized, horse, and foot...
  • Ted Cruz Talks to Business Leaders on June 1 (Concord, New Hampshire)

    05/18/2015 10:28:17 AM PDT · by 2ndDivisionVet · 13 replies
    Patch ^ | May 18, 2015 | Tony Schinella
    The New Hampshire House Business Caucus, in partnership with the Greater Concord Chamber of Commerce, will host its fourth in a series of business roundtables with presidential candidates, on Monday, June 1, at 9 a.m. at The Draft restaurant, 67 South Main St. in Concord, according to a press statement. The featured speaker, and declared presidential candidate, will be Sen. Ted Cruz of Texas. “The momentum continues to build as we have more and more candidates take part in this series. We have had a terrific response and level of interest from the business community, the candidates, and state elected...
  • The EPA Myth of “Clean Power”

    05/18/2015 8:36:56 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 05/18/15 | Al Caruba
    What the EPA is attempting to impose on America is a drain on our production of electricity coupled with an increase in its price. It is an obscene attack on our economy There are many things I do not like about the Environmental Protection Agency, but what angers me most are the lies that stream forth from it to justify programs that have no basis in fact or science, and which threaten the economy. Currently, its “Clean Power” plan is generating its latest and most duplicitous Administer, Gina McCarthy, to go around saying that it will not be costly, nor...
  • Reprise: The People of OWS: Like the People of Wal-Mart, Only Not As Smart

    05/18/2015 6:25:50 AM PDT · by NOBO2012 · 14 replies
    Michelle Obama's Mirror ^ | 5-18-2015 | MOTUS
    I would like to thank Turd Burgelstein for pointing out that all the whiners offended by micro-aggressions, BMI’s, white privilege and harsh stares are really just this year’s crop of POWS – People of Occupy Wall Street. I will do an update on the whiners and their professorial enablers when time permits, butt in the meantime, I thought it might be fun to repost this golden oldie: it was my most popular post ever and was picked up by the Daily Mail and linked by the Instapundit. I do find it a bit odd however that after 4 years...
  • Shares struggle after data raises more questions on U.S. economy (U.S. economy shrank 0.9 percent?)

    05/17/2015 6:07:46 PM PDT · by Red in Blue PA · 16 replies
    Coming on the heels of weak retail sales and producer inflation data, the reports stoked concerns that the U.S. economy is hardly gaining momentum after disappointing 0.2 percent annualized growth in January-March. "U.S. GDP will likely be revised down in the next update to show a contraction. We estimate the U.S. economy shrank 0.9 percent," said Shuji Shirota, head of macro economics strategy group at HSBC in Tokyo.
  • My 2015 Commencement Address

    05/17/2015 9:42:53 AM PDT · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 05/17/15 | Al Caruba
    The best I can do is to wish you good luck. You’re going to need it. All manner of people are giving commencement speeches to students graduating from colleges and universities these days. It is doubtful that any will be remembered because the prospects of students depend in large part on the economy into which they are entering, the majors they pursued, their individual ambitions, and capacity for hard work. Then, too, there’s dumb luck which often plays a role. For those graduating this year, my profound sympathy because the economy could not be much worse short of being declared...
  • Sen. Elizabeth Warren Faults Reagan for GOP Attack on Middle Class in CA Speech

    05/16/2015 4:09:38 PM PDT · by Cincinatus' Wife · 50 replies
    NBC Los Angeles ^ | May 16, 2015 | MICHAEL R. BLOOD
    Democrat Elizabeth Warren warned Saturday that Republican policies being promoted by its emerging presidential field would create an "American nightmare" that would crush opportunities for students and workers, deepen wage inequality and favor Wall Street banks and huge corporations. Warren's speech before several thousand party loyalists at a California Democratic convention in Anaheim was greeted with thunderous cheers while scores of delegates waved signs emblazoned with her name. The Massachusetts senator and favorite of the party's left wing ridiculed the GOP's potential 2016 field, including Wisconsin Gov. Scott Walker, who has proposed a double-digit cut in state aid for higher...
  • NYC will get 500 solar-powered food carts this summer (100 earmarked for disabled veterans)

    05/15/2015 1:37:17 PM PDT · by 2ndDivisionVet · 30 replies
    Treehugger ^ | May 12, 2015 | Derek Markham
    In a pilot program designed to reduce GHG emissions and safety risks and provide better clean food preparation in mobile food vending, the Big Apple will be home to the next generation of eco-friendly food carts.Food carts, while being convenient for consumers and a good small business venture for foodies and entrepreneurs, are also a source of greenhouse gas (GHG) emissions and air pollution, as well as being potential public safety hazards from their onboard propane tanks. And in a metropolis like New York City, with some 8000 mobile food carts on the streets, the environmental and health effects of...
  • The U.S. Economy Just Had Its Worst Month Since the Recession

    05/15/2015 8:44:52 AM PDT · by Theoria · 29 replies
    WSJ ^ | 14 May 2015 | Ben Leubsdorf
    The U.S. economy had a really bad March, the worst since the financial crisis. But don’t panic.The broadest gauge of U.S. economic output, from the Commerce Department, tracks the economy on a quarterly basis. The private forecasting firm Macroeconomic Advisers provides a measure to track gross domestic product on a monthly basis, highlighting some of the volatility that gets smoothed out in the official quarterly figures.Macroeconomic Advisers on Thursday said its monthly estimate showed GDP fell an inflation-adjusted 1% in March, the largest drop since December 2008, “when the U.S. economy was in the throes of recession,” the firm said. Monthly GDP...
  • Economists' Forecast: Here We Grow Again

    05/15/2015 5:59:55 AM PDT · by expat_panama · 6 replies
    NASDAQ ^ | May 14, 2015 | Kathleen Madigan
    After a rough start to the year, economists are counting on the U.S. to bounce back in 2015 much like it did in 2014. Forecasters in the latest Wall Street Journal survey estimated the U.S. economy contracted at a 0.3% pace in the first quarter because of hits from winter weather and the West Coast port slowdown. But the panel, on average, sees annualized economic growth of 2.8% in the second quarter, supported by stronger job gains and wage growth. They also see the drag from weak trade and a strong dollar dissipating by the second half, delivering average economic...
  • China's Record Boom Looking A Lot Like A Bust

    05/15/2015 5:27:24 AM PDT · by SeekAndFind · 11 replies
    IBD ^ | 05/15/2015
    Based on projections, China's population will start shrinking in 2026. It will then be a nation in decline. After all, no economy can grow robustly when it is getting smaller and its population is aging. Just don't tell that to Chinese officials, who are doubling down on interest rate cuts and stimulus plans that will go nowhere. Printing money always sounds good at the time, but it just ends up paying off past debts — not creating investments or consumer-led growth. The big problem is that half of China's debt is tied to its overbuilt real estate market — so...
  • Scott Walker in Contrast [Libertarian "dissects" his rise using racial cues]

    05/15/2015 1:52:50 AM PDT · by Cincinatus' Wife · 25 replies
    The American Conservative ^ | May 11, 2015 | Sean Scallon
    Scott Walker is certainly ambitious, and planning a run for president may seem par for the course. But for a long time—most of the 1990s, in fact—Walker was content to be a backbencher in the state assembly and didn’t do much to advance himself up the party ranks. While the seniority he gathered in his state assembly career (1993–2002) from his safe Republican district just outside Milwaukee allowed him to chair some committees, the most attention-grabbing thing he did was to protest the hiring of a Wiccan as a chaplain in a state prison. The idea that he would become...
  • Krauthammer: A ‘no’ to free trade is a ‘yes’ to China

    05/15/2015 12:03:20 AM PDT · by 2ndDivisionVet · 64 replies
    The Albuquerque Journal ^ | May 15, 2015 | Dr. Charles Krauthammer
    That free trade is advantageous to both sides is the rarest of political propositions – provable, indeed mathematically. David Ricardo did so in 1817. The Law of Comparative Advantage has held up nicely for 198 years. Nor is this abstract theory. We’ve lived it. The free-trade regime created after World War II precipitated the most astonishing advance of global welfare and prosperity the world has ever seen. And that regime was created, overseen, guaranteed and presided over by the United States. That era might be coming to a close, however, as Democratic congressional opposition to free trade continues to grow....
  • U.S. capital spending seen falling to four-year low in 2015

    05/14/2015 4:09:32 PM PDT · by Red in Blue PA · 1 replies
    NEW YORK, May 14 (Reuters) - U.S. corporate spending on capital projects could fall this year to the lowest level since 2011, with steep reductions by the energy industry and companies in other sectors cutting spending amid broad concerns about global growth. Among the S&P sectors, only the materials and financials sectors expect to spend more in 2015 than they did last year, according to a Thomson Reuters analysis of spending outlooks from the 255 S&P 500 companies that have offered guidance on their capex for the year.
  • Wall Street Is Starting To Wonder: What If Everything's Going To Be OK?

    05/14/2015 11:08:45 AM PDT · by blam · 22 replies
    BI ^ | 5-14-2015 | Linette Lopez
    Linette Lopez May 14, 2015 All of Wall Street has been waiting for what happens when the Federal Reserve raises rates and the bond market becomes attractive again. For years it has been thought of as the next cataclysmic event in investing. But what if it isn't? What if everything is going to be fine?Think about it: Bond yields have spiked over the past two weeks. Most market participants are blaming big fund managers trying to get ahead of the Fed. The stock market, however, hasn't really been hurt that much as this has been going on. So what if...
  • 5 Big Banks Expected to Plead Guilty to Felony Charges, but Punishments May Be Tempered

    05/14/2015 6:40:23 AM PDT · by Theoria · 16 replies
    The New York Times ^ | 13 May 2015 | BEN PROTESS and MICHAEL CORKERY
    For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote. But when five of the world’s biggest banks plead guilty to an array of antitrust and fraud charges as soon as next week, life will go on, probably without much of a hiccup. The Justice Department is preparing to announce that Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations for rigging the price of foreign currencies, according to people briefed...
  • Markets More: HSBC Bearish HSBC WARNS: The world economy faces a 'titanic problem'

    05/14/2015 6:15:18 AM PDT · by bushwon · 32 replies
    Business Insider ^ | 5/13/2015 | Stephen King
    HSBC chief economist Stephen King is already thinking about the next recession. In a note to clients Wednesday, he warns: "The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers." Here's King (emphasis added): Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery — both in the US and elsewhere — has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of...
  • Greenspan: Get ready for another taper tantrum

    05/14/2015 4:51:52 AM PDT · by expat_panama · 17 replies
    CNBC ^ | May 14, 2015 | CNBC
    Another market disruption from higher interest rates is virtually certain, according to former Federal Reserve Chairman Alan Greenspan. "Just remember we had the 'taper tantrum.' And we're going to get another one," Greenspan said Wednesday at the Global Private Equity Conference in Washington, DC. "This is a very tough period to get through," he added about the Fed increasing interest rates. "Normalization is great, but the process of getting there is going to be very rocky." Greenspan said there was no way to get around bond market volatility but said it was necessary to help the Fed and other central...
  • Why America Was Indispensable to the Allies’ Winning World War II

    05/14/2015 2:44:35 AM PDT · by Cincinatus' Wife · 25 replies
    National Review ^ | May 14, 2015 | Victor Davis Hansen
    <p>May 8 marked the end of World War II in Europe 70 years ago — a horrific conflict that is still fought over by historians.</p> <p>More than 60 million people perished — some 50 million of them in Eastern Europe, the Soviet Union, and China.</p>
  • Obama and the Democrats are Fighting, Hillary's Polls are Falling,

    05/13/2015 2:49:34 PM PDT · by Kaslin · 26 replies
    Townhall.com ^ | May 13, 2015 | Donald Lambro
    WASHINGTON - Barack Obama's presidency, and the Democrats' chances of holding the White House in 2016, are fading faster than Hillary Clinton's e-mails. The long-suffering, underperforming Obama economy still shows signs of weakness. The majority of his party is deserting him in droves in Congress on his trade deal, and threatening to filibuster it. And Obamacare, facing financial troubles in its state marketplaces, may be shot down soon by the U.S. Supreme Court. The Bureau of Labor Statistics (BLS) reported last week that the economy added 223,000 jobs in April, but there is less here than meets the eye. The...
  • Walker Still Leads Nationally, Clinton Over 60%

    05/13/2015 1:33:53 PM PDT · by Cincinatus' Wife · 75 replies
    PPP's national Republican poll for May continues to find Scott Walker leading the field, but it's tightly clustered and his support has actually dropped two consecutive surveys now. Walker's at 18% to 13% for Marco Rubio, 12% each for Ben Carson and Mike Huckabee, 11% for Jeb Bush, 10% for Ted Cruz, 9% for Rand Paul, 5% for Chris Christie, and 2% for Rick Perry. This is the third national poll in a row where we've found Walker ahead but he was at 25% in late February and declined to 20% and now 18% on the two subsequent surveys. Two...