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Business/Economy (News/Activism)

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  • Cuomo orders utility to pump imaginary natural gas

    10/18/2019 6:08:53 AM PDT · by Renkluaf · 23 replies
    Hot Air ^ | 10/12/2019 | Jazz Shaw
    There’s been a standoff between New York City and utility company National Grid going on since May of this year. As you may recall, plans for a new natural gas pipeline from New Jersey were killed off by the state government under pressure from environmental activists. As a result, National Grid wound up imposing a moratorium on new gas hookups because the current supply was insufficient to serve additional customers. This has resulted in more than a thousand potential customers being unable to be hooked up. Now the Governor has come up with a unique plan to end the stalemate....
  • Tax Myths of Warrenomics

    10/18/2019 4:48:53 AM PDT · by karpov · 1 replies
    Wall Street Journal ^ | October 17, 2019 | Laurence Kotlikoff
    Economists Emmanuel Saez and Gabriel Zucman of the University of California, Berkeley are advising Elizabeth Warren’s presidential campaign and drawing generous media attention for their assertion that the U.S. tax system is flat—that the middle class and poor pay as great a share of their income in taxes as the rich. They’re wrong, and three huge mistakes underlie their analysis. The biggest mistake is to focus on gross, not net, taxes. They ignore transfer payments, like Social Security, which are disproportionately paid to the poor. In doing so, they mistake language for economics. To see the problem, consider a simple...
  • Unprecedented movement detected on California earthquake fault capable of 8.0 temblor

    10/18/2019 3:09:10 AM PDT · by cba123 · 40 replies
    Stars and Stripes ^ | October 17th, 2019 | RongGong Lin
    LOS ANGELES (Tribune News Service) — A major California fault capable of producing a magnitude 8 earthquake has begun moving for the first time on record, a result of this year’s Ridgecrest earthquake sequence destabilizing nearby faults, Caltech scientists say in a new study released in the journal Science on Thursday. In the modern historical record, the 160-mile-long Garlock fault on the northern edge of the Mojave Desert has never been observed to produce either a strong earthquake or even to creep — the slow movement between earthquakes that causes a visible scar on the ground surface. But new satellite...
  • Braindead or Willfully Manipulative? How the Media Reported Retail Sales (fake news revealed)

    10/17/2019 7:35:26 PM PDT · by aimhigh · 2 replies
    Wolf Street ^ | 10/16/19 | Wolf Richter
    Like a centrally directed disinformation campaign. Here’s what happened. And it was everywhere. Misleading headlines about retail sales, from which reporters then extrapolated silly conclusions about the consumer while clamoring for a rate cut from the Fed. [Media reported] “U.S. retail sales unexpectedly posted the first decline in seven months, suggesting consumers are starting to become shaky as the main pillar of economic growth and potentially bolstering the case for a third straight Federal Reserve interest-rate cut.” The Commerce Department released its “Advance Estimates of U.S. Retail and Food Services” this morning. This is the first estimate for the month...
  • Hobbyists can plant hidden spy chips on motherboards for $200

    10/17/2019 2:37:01 PM PDT · by Zhang Fei · 26 replies
    TechSpot ^ | October 13, 2019, 9:42 AM | Isaiah Mayersen
    Almost a year to the day after Bloomberg reported that the US government, Apple, Amazon, and others had their servers compromised by China, a security researcher has shown a similar hack can be pulled off with $190 worth of tools and a $2 chip. Citing six senior national security officials and several higher-ups within Apple and Amazon, Bloomberg claimed that the manufacturing facilities constructing Supermicro motherboards had been infiltrated by a branch of China’s People’s Liberation Army. The PLA was reportedly adding a rice grain-sized chip capable of monitoring and altering communications with the motherboard’s BMC (baseboard management controller). The...
  • Middle-Class Incomes Surging -- Thanks to Trump Policies

    10/17/2019 2:31:23 PM PDT · by Brown Deer · 20 replies
    The Heritage Foundation ^ | Oct. 10, 2019 | Stephen Moore
    Key Takeaways 1. Middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017. 2. These surges in income, have occurred at exactly the time when many liberal economists and media talking heads were shouting “recession.” 3. These latest income numbers also squarely contradict the claims by Democratic presidential candidates.
  • Florida gets tropical storm warning as next depression close to formation

    10/17/2019 2:04:52 PM PDT · by Red Badger · 24 replies
    www.orlandosentinel.com ^ | OCT 17, 2019 | JOE MARIO PEDERSEN
    A Tropical Storm Warning has been issued for parts of Florida as the tropical system in the southwestern Gulf of Mexico was given a 90 percent chance of becoming a tropical depression within the next 48 hours, according to the National Hurricane Center’s 2 p.m. Thursday update. “Potential Tropical Cyclone 16” has maximum sustained wind speeds of 35 mph and is forecast to move northeast later Thursday at 8 mph. The system is 600 miles southwest of the mouth of the Mississippi River, as of the 2 p.m. update.
  • PART 3: FIELD OPS MANAGER AT CNN: ZUCKER’S 9AM CALLS ARE ‘BULLSHIT;’ “WE’RE TOTALLY LEFT-LEANING…

    10/17/2019 11:05:34 AM PDT · by Red Badger · 14 replies
    www.projectveritas.com ^ | by Eric Spracklen October 17, 2019
    FULL TITLE: PART 3: FIELD OPS MANAGER AT CNN: ZUCKER’S 9AM CALLS ARE ‘BULHS---;’ “WE’RE TOTALLY LEFT-LEANING…(BUT) WE DON’T WANT TO ADMIT IT” ======================================================= Manager of Field Operations at CNN Patrick Davis Complains “We Could Be So Much Better Than What We Are.” “I Haven’t Listened to a 9AM (Rundown) Call in About 15 Years…Just, I Can’t Listen to It,” Explains Davis, “It’s All Just a Bunch of Bullshit.” Field Production Supervisor at CNN Gerald Sisnette: “The Only Way This Will Go Away is When He (Trump) Dies. Hopefully Soon.” “They Sold Themselves to the Devil. It’s, It’s Sad.” Laments...
  • NY Times Cheers Democratic Socialism Again: 'Something Unique to Fight For'

    10/17/2019 10:29:47 AM PDT · by rktman · 30 replies
    newsbusters.org ^ | 10/16/2019 | Clay Waters
    New York Times reporter Isabella Grullon Paz devoted nearly 1,500 words (plus three flattering photographs of her subjects) in her Wednesday edition profile of the Young Democratic Socialists of America chapter at Ohio State University: “Why Some Young Voters Bolt the Democratic Party For Democratic Socialism.” The long story was long on pushing the students' youthful enthusiasm, and entirely absent of questioning the wisdom of trying to outflank the Democratic Party, already careening toward the left on gun control, abortion, immigration, and transgenderism (click “expand”): As Tuesday night’s Democratic debate approached, members of the Young Democratic Socialists of America chapter...
  • Washington Post: For the first time, workers are paying a higher tax rate than investors and owners

    10/17/2019 9:47:54 AM PDT · by SeekAndFind · 30 replies
    Washington Post ^ | 10/17/2019 | By Christopher Ingraham
    Most Americans have to work to earn a living. But the rich are different: They get most of their income not from labor but from what they own — companies, stocks, real estate and the like. These income-generating assets are what economists call capital. And because capital is heavily concentrated among the rich, the U.S. government taxed earnings derived from capital at a higher rate than earnings made through labor for the entirety of the 20th century. But that’s no longer the case, according to economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley. In their...
  • Thousands of Tractors Shut Down Highways in Farmer’s Anti-Green Madness Protest

    10/17/2019 8:09:10 AM PDT · by Hojczyk · 39 replies
    Breitbart ^ | 16 Oct 2019 | OLIVER JJ LANE
    Thousands of farmers shut down highways in a go-slow protest converging on the Dutch capital Monday, as they protested being victimised by a government trying to meet European Union emissions laws by cracking down on agriculture. The day of protest is the thirds of its kind and follows another at the start of October. At the time, Dutch media reported the protests were against a call by the government that herds of animals reared for food should be culled so the nation could meet its European Union-imposed nitrogen emission targets. The Dutch police and army, on the instructions of the...
  • BrickWurX Manufacturing Red Ryd-AR Lever-Action AR-15

    10/17/2019 7:47:35 AM PDT · by marktwain · 41 replies
    The Firearms Blog ^ | 16 October, 2019 | Hrachya H
    So you thought you have seen it all in the AR world? Well, then meet the mind-boggling Red Ryd-AR lever-action AR-15 by BrickWurX Manufacturing. When I came across this project, all I could find were the photos from the BrickWurX Mfg. Facebook page that you can see embedded in this article and a YouTube video which you can also watch below. I contacted the company to see if I can find out more about this firearm. Luckily, John Brickey, the owner of the company replied and kindly answered all my questions. Initially I was planning to write the article...
  • Johnson Finally Has Brexit Deal With The EU

    10/17/2019 2:53:33 AM PDT · by goldstategop · 37 replies
    Business Insider ^ | 10/17/2019 | Thomas Colson, Adam Bienkov and Adam Payne
    LONDON - Boris Johnson has agreed the terms of a Brexit deal, paving the way for a historic vote in the UK parliament which could finally see the UK leave the European Union. Negotiators in the Belgian capital worked intensively on Tuesday and Wednesday to agree a revised version of the withdrawal agreement, which is set to be put before the UK Parliament on Saturday.
  • Irvine food distributor that serves Starbucks, Chick-fil-A, Chipotle moving HQ to Texas

    10/16/2019 3:48:34 PM PDT · by Eagles Field · 34 replies
    The Orange County Register ^ | 10-4-2019 | Jonathan Lanser
    Quality Custom Distribution, a fast-food industry supplier for the likes of Starbucks, Chick-fil-A and Chipotle, is moving its corporate headquarters to Texas from Irvine. The company, a logistics unit of food-industry supply giant Golden State Foods, runs a nationwide chain of 19 distribution centers that warehouses and distributes food and supplies to individual chain restaurants. The new headquarters will initially be home to between 30 and 45 workers, both relocations and new hires. It is expected to be open by January.
  • Clinton Foundation-Linked Fraudsters Arrested: Shady Duo Poised To RAT Out Bill & Hillary

    10/16/2019 11:16:11 AM PDT · by bitt · 76 replies
    TRUEPUNDIT ^ | 10/15/2019 | ADMIN
    Two of the Clinton Foundation’s shady international partners have been arrested for fraud. And experts and law enforcement officials in the United States say this spells potential big trouble for Bill & Hillary Clinton and their own shady ‘charity’ known as the Clinton Foundation. Authorities in India have arrested businessmen brothers Malvinder Singh and Shivinder Singh in an alleged fraud case — one of many linked to this duo. The Singh brothers are former promoters of Fortis Healthcare and Ranbaxy Laboratories and are no newcomers to sweeping allegations of fraud. It is believed untold millions of dollars in kickbacks were...
  • Entire RAGBRAI staff resigns over Register’s handling of Carson King story

    10/16/2019 11:12:31 AM PDT · by bigbob · 33 replies
    KTIV.com ^ | 10-15-19 | KTIV staff
    A rift over the Des Moines Register’s handling of the Carson King story has led to the resignation of the entire staff of the Register’s Annual Great Bike Ride Across Iowa from the newspaper, effective immediately. In a Tuesday post on RAGBRAI’s Facebook page, TJ Juskiewicz said the Register, “refused to offer me the opportunity to openly speak to the RAGBRAI Nation, and answer the hundreds of passionate questions asked about the future of RAGBRAI following the Des Moines Register’s handling of the Carson King story.” Juskiewicz said his efforts to communicate with riders were blocked because “it did not...
  • GM, UAW agree on tentative labor contract that could end a monthlong strike by 48,000 workers

    10/16/2019 9:28:04 AM PDT · by Red Badger · 26 replies
    CNBC ^ | 10/16/2019 Published an hour ago Updated Moments Ago | Michael Wayland
    Key Points The deal is likely about two weeks away from being finalized. It still needs approval from local union leaders and GM’s 48,000 UAW members, who’ve been on strike since Sept. 16. The monthlong work stoppage is the UAW’s longest strike against GM since 1970. DETROIT — General Motors and union leaders have reached a tentative deal on a new labor contract that could end the United Auto Workers’ monthlong strike against the automaker, the UAW said Wednesday. Details of the proposed deal were not immediately available. However, the union’s roughly 48,000 members with GM are expected to receive...
  • LeBron Jame$ Is A Coward

    10/16/2019 9:02:07 AM PDT · by SeekAndFind · 21 replies
    The Federalist ^ | 10/16/2019 | David Harsanyi
    NBA superstar LeBron James says Houston Rockets General Manager Daryl Morey was “misinformed” and “wasn’t educated on the situation at hand” when he tweeted in support of Hong Kong’s freedom demonstrations. Morey’s sin was sharing an image of a slogan that read, “Fight for freedom. Stand with Hong Kong.” Even though the GM, regrettably, deleted his tweet, one strongly suspects his grasp of China— where the state is running “re-education” camps filled with Uyghurs—is considerably stronger than any of the NBA’s leading apologists.Only last year, James, a purported champion of social justice, came out in support of former quarterback Colin...
  • Trump: Our record Economy would CRASH, just like in 1929, if any of those clowns became President!

    10/16/2019 8:39:19 AM PDT · by EdnaMode · 19 replies
    Twitter ^ | October 16, 2019 | Donald J. Trump
    Our record Economy would CRASH, just like in 1929, if any of those clowns became President!
  • Barstool Sports Founder Launches New Shirts Mocking LeBron James’ Chinese Brown-Nosing

    10/16/2019 8:25:20 AM PDT · by LesbianThespianGymnasticMidget · 22 replies
    Big League Politics ^ | October 16, 2019 | Jose Nino
    Barstool Sports President Dave Portnoy announced the release of new t-shirts in “honor” of NBA star LeBron James for “denouncing freedom of speech”. On Twitter, the Barstool Sports founder revealed his new t-shirts which mock the NBA star and his tone deaf comments regarding Daryl Morey’s legitimate expression of solidarity with Hong Kong protestors. Trending: COVER-UP? ANTIFA Issues Gag Order Following Brutal Death Outside of Their Far-Left Hangout He dedicated this shirt to all “Lebron fans who want to crush freedom of speech and oppress the masses.” take our poll - story continues below Should Adam Schiff be charged with...