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Business/Economy (News/Activism)

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  • The NLRB’s Power Grab: A Very Dangerous, Troublemaking Government Department

    08/29/2015 6:51:28 AM PDT · by SeekAndFind · 5 replies
    National Review ^ | 08/29/2015 | The Editors
    Why should a union representing workers who are not employees of McDonald’s be empowered to squeeze concessions out of McDonald’s? Why did Willie Sutton rob banks? In a party-line decision, the Democrat-dominated National Labor Relations Board has decided that employees of contractors can be treated as employees of other companies when . . . well, when it is convenient for Democratic constituencies that they be so treated. The underlying case involved an operator of recycling centers, Browning-Ferris Industries of California, which uses subcontractors to staff some of its facilities. Firms have many reasons for using subcontracted labor, one of which...
  • As UAW contract ends, Wisconsin workers’ rights expand

    08/29/2015 3:22:17 AM PDT · by afraidfortherepublic · 47 replies
    Wisconsiin Watchdog ^ | 8-29-15 | M. D. Kittle
    MADISON, Wisconsin — A worker-freedom organization is sending a special legal notice to unionized employees of the Big Three automakers in Wisconsin, Indiana and Michigan. The National Right to Work Legal Defense Foundation wants United Auto Workers members at General Motors, Ford and Chrysler to know their new workplace rights now that they are residents of right-to-work states. Those new rights kick in Sept. 15, after the old UAW contracts, which included forced union dues, expire. In a statement Thursday, the Right to Work Legal Defense Foundation said that once the UAW’s “monopoly bargaining contracts” with the automakers end, all...
  • Lies You Will Hear As The Economic Collapse Progresses

    08/29/2015 3:04:20 AM PDT · by HomerBohn · 43 replies
    SHTF Plan ^ | 8/27/2015 | Brandon Smith
    It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarilyÂ… In fact, the...
  • Scott Walker touts $4.7 billion in tax cuts. Is he right?

    08/29/2015 1:55:00 AM PDT · by Cincinatus' Wife · 13 replies
    Politifact ^ | August 28, 2015 | Lucas Daprile
    "..."By the end of this budget I’m in right now, taxes will have been cut $4.7 billion in my state," Walker said in the Aug. 17, 2015 interview. Last year, we checked a claim from Walker that tax cuts for his first term tallied $2 billion. We rated that True, based on numbers from the nonpartisan Legislative Fiscal Bureau, which is considered the gold standard on state fiscal matters. Now that some time has passed, and the boasted-about number is $2.7 billion larger, we thought we’d do some updated bean counting. $4.7 billion We recently dealt with the tax-cut picture...
  • Berkeley May Raise Age To Purchase Tobacco, E-Cigarettes To 21

    08/28/2015 9:48:35 PM PDT · by nickcarraway · 20 replies
    Berkeley City Councilman Jesse Arreguin proposed Tuesday to ban the sale of tobacco to youths under 21, saying there’s been an alarming increase of underage tobacco use, including a large jump in the use of electronic cigarettes. Arreguin said if the City Council passes his plan next month, Berkeley would join Healdsburg, New York City and the state of Hawaii as the only government agencies to bar such sales. Currently, it’s legal in California to sell tobacco products to youths who are over the age of 18. Noting that Berkeley banned the use of e-cigarettes in public places earlier this...
  • 'He's one of the great sleaze bags of our time':...

    08/28/2015 8:46:59 PM PDT · by Impala64ssa · 55 replies
    Daily Mail ^ | 8/28/15 | CHRIS PLEASANCE
    ...Trump accuses Clinton aide of sharing secret emails with 'perv' husband Anthony Weiner Trump launched highly personal attack on Clinton aide Huma Abedin Accused her of sharing secret emails with husband Anthony Weiner He branded Weiner a 'perv' and 'one of the great sleaze bags of our time' Trump also called America the 'sucker' of the international community Said U.S. 'gets involved in everything' without asking for anything back In typically brash style Donald Trump has tonight taken a blistering aim at Hillary Clinton and her aide Huma Abedin during an event for supporters in Boston. Discussing the Clinton email...
  • Gunman in on-air deaths remembered as 'professional victim'

    08/28/2015 8:49:16 PM PDT · by 2ndDivisionVet · 18 replies
    Yahoo! News ^ | August 28, 2015 | David Dishneau and John Raby, The Associated Press
    ROANOKE, Va. (AP) — The woman who survived the on-air shooting that killed two TV journalists says she never saw the gunman walk up to the group because the camera's bright light blinded her. Vicki Gardner, a chamber of commerce official, was answering questions about the community on live TV when the gunfire erupted. She was wounded as she fell to the ground after hearing the first gunshots, her husband said Friday. The gunman, Vester Flanagan, ambushed WDBJ-TV cameraman Adam Ward and reporter Alison Parker during the interview Wednesday at the Smith Mountain Lake Visitor Center....
  • Trump attended big-donor fundraiser last month

    08/28/2015 5:14:41 PM PDT · by JediJones · 24 replies
    Politico ^ | 08/23/15 | Katy O'Donnell
    Despite his prior pledge to self-fund his campaign, the billionaire businessman now appears to be embracing big donors. ...even as Trump publicly scorned other candidates’ use of super PACs, he tacitly gave approval to the Make America Great Again PAC by attending a fundraiser the group held [in July]. Trump spoke for between 10 and 15 minutes at the mid-July fundraiser, where about 200 people packed into a private residence in Manhattan. “There are so many people wanting to contribute and I am so grateful for their support. I appreciate the moral investment in my vision to Make America Great...
  • Planned Parenthood cited for inaction with pathology reports (St. Louis, MO)

    08/28/2015 4:29:05 PM PDT · by Morgana · 3 replies
    stlouisreview.com ^ | August 26, 2015 | Jennifer Brinker
    Planned Parenthood in St. Louis was cited earlier this year for not sending pathology reports from abortions to the Missouri Department of Health and Senior Services, as required by law. That was the latest item revealed at an Aug. 25 hearing of the Missouri Senate's Interim Committee on the Sanctity of Life, which is investigating how Planned Parenthood operates in Missouri. The committee began meeting this month in response to the Center for Medical Progress' undercover videos depicting Planned Parenthood officials discussing the sale of fetal body parts. John Langston, a manager with the Department of Health and Senior Services,...
  • Full, Unedited 8th Video Confirms Planned Parenthood Sells Fully Intact Aborted Babies

    08/28/2015 4:21:46 PM PDT · by Morgana · 22 replies
    Life News ^ | Steven Ertelt Aug 28, 2015
    Today, the Center for Medical Progress released the full, uncut video of the conversation between undercover investigators form CMP and top officials with StemExpress, which buys aborted babies and their body parts from Planned Parenthood. The full footage is of a shorter video that summarized the meetings earlier this week. The release of the full, unedited video also comes one day after Planned Parenthood released a new report claiming the eight videos released exposing it were “altered.” The abortion giant says the videos were manipulated and therefore not eligible for serious inquiry by Congress, which has launched two joint investigations...
  • Ontario government hiding plans for toll lanes

    08/28/2015 12:33:41 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Toronto Sun ^ | August 22/24, 2015 | Shawn Jeffords
    TORONTO - The Ontario government has been working on plans for high occupancy toll lanes on three Greater Toronto and Hamilton Area highways since 2013, but has kept most of the details secret. When the NDP filed a Freedom of Information request in early 2014 for detailed information on the work, which includes traffic models, most of the documents were to be blacked out or not released at all, according to a report obtained by the Toronto Sun. Ministry of Transportation staff prepared the note to give senior bureaucrats and the minister’s office a heads-up about the NDP’s “contentious” request....
  • Mother and Daughter Spend $86K on Plastic Surgery to Look Like Celeb Idol Kayla Morris

    08/28/2015 12:23:34 PM PDT · by pabianice · 119 replies
    Yahoo News ^ | 8/28/15 | Bertsche
    A mother-daughter pair claim they’ve spent more than $86,000 on plastic surgery in the last three years in order to look more like a British model and reality star. Morris Georgina Clarke, 38, and her daughter Kayla Morris, 20, open up in a new video from News Dog Media about what they say is their love of plastic surgery. In the video, Clarke explains that she and her daughter started watching TV personality and model Katie Price years ago, and both thought she had “the whole package.” Price, a household name in the U.K., is famous for, among other things,...
  • A new program aims to help poor and minority families qualify for mortgages.[Fannie]

    08/28/2015 11:48:10 AM PDT · by Lorianne · 37 replies
    Atlantic, the ^ | 28 August 2015 | Gillian B. White
    In the years since the recession, the dream of a steady paycheck and a home in a nice neighborhood have become more elusive for many working-class Americans. While some may say that the lack of homeownership reflects changing values, owning a home remains an important tool for wealth building for most families. Yet it is particularly unattainable for low-income and minority households. The homeownership rate for households that fall below median income was less than 50 percent in 2014, for those who made above the median it was nearly 80 percent. And the gap in homeownership between whites, and blacks...
  • China's workers abandon the city as Beijing faces an economic storm

    08/28/2015 11:36:02 AM PDT · by Lorianne · 11 replies
    Guardian UK ^ | 26 August 2015 | Tom Phillips
    Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future. On Thursday she will board a bus with her two young children and abandon her adopted home. “There’s no business,” complained the 36-year-old, who built a thriving junkyard in this dilapidated recycling village only to watch it crumble this year as plummeting scrap prices bankrupted her family. “My husband will stick around a bit longer to see if there is any more work to be found. I’m taking the kids.” “The...
  • Law of Unintended Consequences: New EU Tax Laws Force Thousands of Businesses to Close

    08/28/2015 11:09:42 AM PDT · by george76 · 15 replies
    Breitbart News Network ^ | 28 Aug 2015 | Donna Rachel Edmunds
    Law of Unintended Consequences: New EU Tax Laws Force Thousands of Businesses to Close in Just Six Months { Full title ]. New European Union tax rules introduced in January have already driven thousands of small companies out of business, with thousands more set to follow as awareness of the change in the VAT law grows. Research has shown that incompetence on the part of collecting agencies has further added misery to the situation. After an eight-year consultation which excluded the voices of micro-businesses, the EU introduced new rules on VAT returns at the beginning of this year, which required...
  • Ashley Madison CEO steps down in wake of hack

    08/28/2015 10:56:08 AM PDT · by Morgana · 20 replies
    nypost.com ^ | August 28, 2015 | | Associated Press
    NEW YORK — The CEO of the company that runs adultery website Ashley Madison is stepping down in the wake of the massive breach of the company’s computer systems and outing of millions of its members. Avid Life Media Inc. says Noel Biderman’s departure is effective immediately and was a mutual decision. “This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees,” Avid Life’s statement reads. “We are steadfast in our commitment to our customer base.” Biderman didn’t immediately return an email sent to his work...
  • Nestle accused of using slave-caught fish in cat food

    08/28/2015 10:44:40 AM PDT · by AbolishCSEU · 33 replies
    Yahoo News/AFP ^ | 8/28/2015
    New York (AFP) - Swiss food giant Nestle is being sued in the United States for allegedly knowingly allowing its Fancy Feast cat food to contain fish from a Thai supplier that uses slave labor.
  • Planned Parenthood Alleges 'Smear' in Letter to Congress

    08/28/2015 10:12:11 AM PDT · by Morgana · 18 replies
    abcnews.go.com ^ | Aug 27, 2015 | BRIAN MELLEY Associated Press
    Planned Parenthood Federation of America defended itself in a letter to Congress and sent a report showing undercover videos of officials discussing fetal tissue for research were heavily altered by anti-abortion activists. A Planned Parenthood executive said Thursday that experts found the videos were distorted to misrepresent conversations employees had with an anti-abortion activist posing as a biomedical company employee. Executive Vice President Dawn Laguens says her organization broke no laws and that the videos are part of an agenda to ban abortion.
  • Carly Fiorina Responds to Hillary's Comparison of Republicans to Terrorists

    08/28/2015 9:57:33 AM PDT · by Morgana · 5 replies
    townhall.com ^ | Aug 28, 2015 | Katie Pavlich
    In case you missed it yesterday, Hillary Clinton essentially said Republicans and terrorists treat women the same way. "Now, extreme views about women, we expect that from some of the terrorist groups, we expect that from people who don't want to live in the modern world, but it's a little hard to take from Republicans who want to be the president of the United States. Yet they espouse out of date, out of touch policies. They are dead wrong for 21st century America. We are going forward, we are not going back," she said.
  • Report for Planned Parenthood finds sting videos manipulated

    08/28/2015 9:43:16 AM PDT · by Morgana · 40 replies
    politico.com ^ | 08/27/15 | Jennifer Haberkorn
    A report commissioned by Planned Parenthood has found that the sting videos targeting its tissue donation practices contain intentionally deceptive edits and inaccurately transcribed conversations and are missing footage. But there is no evidence that the anti-abortion group behind the attack made up dialogue. The report by research firm Fusion GPS attempts to undermine the videos’ political, legal and journalistic value. The Center for Medical Progress claims that the eight tapes it has released show evidence that Planned Parenthood is making money by trafficking fetal tissue and organs. The women’s health organization strongly denies those accusations and has repeatedly said...
  • Obama’s NLRB just redefined the word “employer” and it’s going to be bad

    08/28/2015 9:20:29 AM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 08/28/2015 | Jazz Shaw
    You can rightly complain about the things which go on inside the White House, the State Department, the Justice Department or the EPA and all of the headline grabbing controversies which erupt from them. None of them, however, may be up to nearly as much mischief as the National Labor Relations Board (NLRB) though it doesn’t seem to catch the attention of the media nearly as much. This week they were at it again and while a bit on the wonky side, a new wrinkle in the rules could spell big trouble for America’s employers and many, many workers....
  • It's Bad Policy To Use Eminent Domain For Economic Development, Even If It Sometimes 'Works'

    08/28/2015 8:48:55 AM PDT · by reaganaut1 · 15 replies
    Forbes ^ | August 28, 2015 | George Leef
    recently discussed George Mason University law professor Ilya Somin’s excellent book on the infamous Kelo case and the abuse of eminent domain generally, The Grasping Hand. The Wall Street Journal also ran a favorable review of Somin’s book by Harvard professor Edward Glaeser, which promptly drew a negative response from a professor who defended the use of eminent domain for “economic development.” I’m an ardent opponent of governmental seizures of private property and maintain that the professor’s case is a complete failure – but see what you think. In his August 5 letter to the editor, Wayne State University professor...
  • Province warming to HOT lanes: Hume

    08/28/2015 7:58:13 AM PDT · by Tolerance Sucks Rocks · 17 replies
    The Toronto Star ^ | August 27, 2015 | Christopher Hume
    HOV is good; HOT is even better. As we saw during the Pan-Am Games, High Occupancy Vehicle lanes were great for cars with three or more people and other designated vehicles. The trouble was that they went largely unused. High Occupancy Toll lanes solve that problem by opening up the designated space to cars that don’t have the numbers but whose drivers are willing to pay for the convenience. Premier Kathleen Wynne has hinted that she’s willing to implement HOT lanes, but has not been specific about where and when. If the U.S. experience is anything to go by, however,...
  • The Truth About Guns in Virginia

    08/28/2015 7:15:57 AM PDT · by rktman · 26 replies
    townhall.com ^ | 8/27/2015 | Katie Pavlich
    Since Wednesday's horrific double murder of journalists Alison Parker and Adam Ward in Roanoke, Virginia, anti-gun activists have pounced at the opportunity to call for more gun control and exploited the tragedy within hours of its occurrence. Keep in mind the following statements were made before the facts were in about how the killer obtained his firearm.
  • The Great Fall of China

    08/28/2015 6:44:22 AM PDT · by TigerLikesRooster · 5 replies
    Economist ^ | Aug 29th 2015
    The Great Fall of China Fear about China’s economy can be overdone. But investors are right to be nervous Aug 29th 2015 | From the print edition ONCE the soundtrack to a financial meltdown was the yelling of traders on the floor of a financial exchange. Now it is more likely to be the wordless hum of servers in data centres, as algorithms try to match buyers with sellers. But every big sell-off is gripped by the same rampant, visceral fear. The urge to sell overwhelms the advice to stand firm. Stomachs are churning again after China’s stockmarket endured its...
  • All remaining Barnes & Noble locations closing in Queens

    08/28/2015 4:39:39 AM PDT · by lowbridge · 44 replies
    queenscourier.com ^ | august 27, 2015 | angela matua
    It’s the final chapter for Barnes & Noble in Queens, as the bookstore is shuttering its remaining location in The Bay Terrace shopping center in Bayside. A representative from Barnes & Noble declined to reveal the official closing date or who is expected to take over the property but did admit that the property owner declined to renew the company’s lease. “With Bayside, when our lease came back up for renewal the property owner notified us that they chose a tenant who was willing to pay rents far in excess of what we were willing to pay,” said David Deason, vice president of Barnes...
  • Yes, Those Shocking ObamaCare Rate Hikes Are For Real

    08/28/2015 4:16:05 AM PDT · by IBD editorial writer · 33 replies
    Investor's Business Daily ^ | 08/27/2015 | Staff
    When insurers requested huge rate hikes for their 2016 ObamaCare plans, we were told not to worry because state regulators would force them down. But that's not happening. Death spiral, anyone?
  • Another ObamaCare Co-Op Bites The Dust, As Taxpayer Costs Mount

    08/28/2015 4:08:48 AM PDT · by IBD editorial writer · 4 replies
    Investor's Business Daily ^ | 08/27/2015 | John Merline
    On Wednesday, the Nevada Health Co-Op announced that it will go out of business at the end of the year. This is the third out of the 23 ObamaCare-created nonprofit health plans to fail, but it isn't likely to be the last.
  • Obama calls on Congress to pass budget without drama

    08/28/2015 3:33:29 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Aug 27, 2015 6:15 PM EDT | Kevin Freking
    President Barack Obama is highlighting good economic news during a period of wildly erratic stock markets to make the case the United States remains an anchor of global strength. […] Obama is warning lawmakers not to keep the economy hostage over what he describes as ideological demands. He also says Congress will eventually pass the budget, so “let’s just do it without too much drama.” …
  • Judge rules Obama administration water rule should be halted

    08/28/2015 3:28:24 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Aug 27, 2015 7:15 PM EDT
    A federal judge in North Dakota on Thursday blocked a new Obama administration rule that would give the federal government jurisdiction over some smaller waterways just hours before it was set to go into effect. U.S. District Judge Ralph Erickson in Fargo issued a temporary injunction requested by North Dakota and 12 other states halting the U.S. Environmental Protection Agency and Army Corps of Engineers from regulating some small streams, tributaries and wetlands under the Clean Water Act. The rule, which has prompted fierce criticism from farmers among others, was scheduled to take effect Friday. North Dakota Attorney General Wayne...
  • Did Workplace Racism and the Charleston Massacre Push Vester Lee Flanagan Over the Edge?

    08/28/2015 3:03:47 AM PDT · by 2ndDivisionVet · 54 replies
    The Atlanta Black Star ^ | August 27, 2015 | David Love
    Vester Lee Flanagan, II, known by his on-air name Bryce Williams, was a Black journalist who fatally shot a white TV anchor and a cameraman during a live interview in Roanoake, Va. on Wednesday. Flanagan shot WDBJ reporter Alison Parker and cameraman Adam Ward, and wounded Vicki Gardner, the woman the journalists were interviewing. Later, Flanagan, who had been fired from the station in 2013, reportedly died Wednesday from a self-inflicted gunshot wound. His firearm was reportedly purchased legally from a Virginia gun store. ABC News provides an account of Flanagan‘s 23-page manifesto and suicide letter, which Bryce had faxed...
  • Concrete Sample from the New Panama Canal Locks Does Not Look Good (trunc)

    08/28/2015 2:10:05 AM PDT · by SWAMPSNIPER · 87 replies
    gcaptain.com ^ | 08/27/15 | Mike Schuler
    A core sample pulled from the concrete of the Cocoli Locks where cracks and leaks have appeared does not bode well for the Panama Canal expansion project, which is on a strict deadline for completion in April 2016.
  • Planned Parenthood admits it manipulates rules on fetal organ sales to maximize profit

    08/27/2015 7:06:26 PM PDT · by markomalley · 7 replies
    Washington Times ^ | 8/27/15 | Valerie Richardson
    In a letter to Congress intended to defend its practices and attack its hidden-video critics, Planned Parenthood wound up lending credence to accusations that it manipulates rules on selling fetal organs to maximize profit. Cecile Richards, president of the Planned Parenthood Federation of America, admitted in an 11-page letter Thursday that its affiliates have accepted payments ranging from $45 to $60 “per tissue specimen” from abortions, but said that they were reimbursements to cover costs, which federal law allows. But she also said that “adjustments that facilitate fetal tissue donations rarely occur at our few clinics that offer women this...
  • Former Fed Official’s Sage Comments: Investors ‘hooked on the heroin of quantitative easing’

    08/27/2015 6:37:53 PM PDT · by SkyPilot · 13 replies
    Economic Collapse News ^ | 26 Aug 15 | Andrew Moran
    Former Dallas Federal Reserve President Richard Fisher made sound remarks when discussing the current market meltdown with CNBC on Tuesday. Although he is incorrect in his assertion that the United States central bank will do what’s right for the national economy and avoid monitoring daily activity reports, he was right that investors are addicted to easy money from quantitative easing, otherwise known as QE. “I don’t think there is a single member of the FOMC that’s going to react to one day’s market activity,” Fisher told the business news outlet. “Nobody on that committee would like to see that continue,...
  • More than 80% of healthcare IT leaders say their systems have been compromised

    08/27/2015 6:31:37 PM PDT · by markomalley · 6 replies
    Computerworld ^ | 8/27/15 | Lucas Merian
    Eighty-one percent of healthcare executives say their organizations have been compromised by at least one malware, botnet or other kind of cyberattack during the past two years, according to a survey by KPMG.The KPMG report also states that only half of those executives feel that they are adequately prepared to prevent future attacks. The attacks place sensitive patient data at risk of exposure, KPMG said.The 2015 KPMG Healthcare Cybersecurity Survey polled 223 CIOs, CTOs, chief security officers and chief compliance officers at healthcare providers and health plans.Sixty-six percent of the IT executives at healthcare plans who were surveyed said they...
  • Cheating the Cheaters=> Ashley Madison Used Fake Female Profiles – 31 Million Men and Only...

    08/27/2015 6:09:42 PM PDT · by markomalley · 51 replies
    Gateway Pundit ^ | 8/27/15 | Jim Hoft
    It was a sausage fest. Almost all of the Ashley Madison female profiles were faked. Only 12,000 of the 5.5 million women listed at the site were real. It was all faked.Gizmodo reported: When hacker group Impact Team released the Ashley Madison data, they asserted that “thousands” of the women’s profiles were fake. Later, this number got blown up in news storiesthat asserted “90-95%” of them were fake, though nobody put forth any evidence for such an enormous number. So I downloaded the data and analyzed it to find out how many actual women were using Ashley Madison, and who...
  • Planned Parenthood Video Wars: Abortion Empire Strikes Back

    08/27/2015 5:57:36 PM PDT · by markomalley · 3 replies
    National Catholic Register ^ | 8/27/15 | Peter Jesserer Smith
    Planned Parenthood is launching a counterattack to defend itself in the wake of increased pressure on its public image and government funding sources due to a series of undercover videos exposing its abortion business. Since July 14, the Center for Medical Progress has released eight videos — edited versions accompanied by full footage and transcripts — centered on Planned Parenthood’s role in procuring fetal tissue and body parts from aborted children to companies that process them for scientific researchers. The videos feature frank discussions with Planned Parenthood officials about the abortion industry almost never seen in public discourse on abortion....
  • Dow up as China admits propping up currency

    08/27/2015 5:52:47 PM PDT · by SkyPilot · 2 replies
    WND ^ | 27 Aug 15 | Jerome R. Corsi
    U.S. stocks rallied again Thursday, with the Dow Jones Industrial Average closing at 16,654.77, up 369.26 points, as the Chinese government admitted intervening in foreign currency markets to prop up the value of the yuan. The communist government also admitted simultaneously intervening in the Chinese stock market to halt further declines. The average investor got a second breather this week as the Dow gained back Wednesday and Thursday the 1,000 points lost in opening trading Monday in a roller-coaster market that shows no signs of stabilizing. Market Watch reported the Treasury market, a comfortable haven for many nervous investors,...
  • The US economy's second quarter went from solid to stellar

    08/27/2015 4:20:59 PM PDT · by John W · 51 replies
    AP via Yahoo News ^ | August 27, 2015 | Martin Crutsinger
    WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department reported Thursday. That's more than a percentage point greater than the initial 2.3 percent estimate and a sharp upgrade from the anemic 0.6 percent advance during the January-March quarter. President Barack Obama took note of the good GDP report, saying...
  • Donald Trump Says He Wants to Raise Taxes on Himself

    08/27/2015 2:57:51 PM PDT · by Erik Latranyi · 24 replies
    Conservative Read ^ | 27 August 2015 | Staff
    The billionaire Republican front-runner starts getting specific about economic policy proposals. Republican front-runner Donald Trump began to flesh out his economic vision for America, and it includes raising taxes on the wealthy. Trump said during a Wednesday interview on Bloomberg’s With All Due Respect that he would like to change the tax code. “I would change it. I would simplify it,” Trump told hosts Mark Halperin and John Heilemann from the lobby of Trump Tower on New York‘s 5th Ave. Specifically, Trump targeted hedge fund profits, which are currently taxed at a lower rate than regular income. “You’ve seen my...
  • The Labor Ruling McDonald's Has Been Dreading Just Became A Reality

    08/27/2015 2:57:01 PM PDT · by outofsalt · 34 replies
    Huff Po via MSN News ^ | 08/27/2015 | Dave Jamieson
    "McDonald's and every company that relies on a franchise business model suffered the legal setback they've been fearing." "The Democrat board, whose members were appointed by President Barack Obama, ruled along partisan lines, with the two Republicans dissenting." " The case grew out of an effort by the Teamsters." (excerpted)
  • President Xi just changed the rules of the game in China — Makes things scarier for everyone

    08/27/2015 2:35:57 PM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 08/27/2015 | Linette Lopez
    The rules of engagement have changed in China. There was a time when loyalty to the party, and loyalty to President Xi Jinping, meant the government left you alone. But there is now a crisis on, and even those who thought they might be safe from the president's ongoing crackdown on corruption need to watch their backs. Someone has to take the fall for a crashing stock market, a slowing economy, and the 145 people killed as a result of an industrial accident in Tianjin earlier this month. And it's not going to be President Xi Jinping. On Thursday the...
  • Christians at Duke U refuse to read lesbian porn novel assignment

    08/27/2015 2:23:31 PM PDT · by NYer · 37 replies
    Life Site News ^ | August 27, 2015
    DURHAM, NC, August 27, 2015 (LifeSiteNews) -- Christian freshmen at Duke University are refusing to read an assigned graphic novel depicting masturbation and homosexual intercourse. The university says the assignment was optional and won’t discipline the holdouts. Brian Grasso emerged as the spokesperson for the dissenters after he posted his decision on the Class of 2019’s closed Facebook page. Opponents have done their best to mock and deride the holdouts as ignoramuses who don’t belong at Duke, but Grasso has addressed all their jibes, first to Duke’s student paper and then in an op-ed in the Washington Post, intelligently...
  • Hillary Clinton Compares Pro-Lifers to Terrorists

    08/27/2015 2:03:47 PM PDT · by NYer · 26 replies
    Life News ^ | August 27, 2015
    Attention pro-life Americans. Democratic presidential candidate Hillary Clinton thinks you have something in common with terrorist groups like ISIS if you favor de-funding the Planned Parenthood abortion business after it was recently caught selling aborted babies and their body parts.On the campaign trail, Clinton compared pro-life people to terrorists:“I would like these Republican candidates to look the mom in the eye who caught her breast cancer early because she was able to get a screening for cancer, or the teenager who didn’t get pregnant because she had access to contraception, or anyone who’s ever been protected by an HIV test....
  • U.S. Oil Prices Post Biggest Rise on Percentage Basis Since 2009

    08/27/2015 12:54:40 PM PDT · by abb · 17 replies
    The Wall Street Journal ^ | August 27, 2015 | Christian Berthelsen
    U.S. oil prices soared 10% on Thursday, as a rally in Chinese and U.S. stocks and better-than-expected U.S. economic data prompted a rush by traders to bail out of bearish bets that the market would fall. Traders and analysts at hedge funds, banks and brokerages said supply-and-demand conditions in the oil market remained weak and there appeared to be little fundamental justification for such a strong rally, or expectations of more price gains in the near future. Rather, they said, it appeared to be set off as investors with so-called short positions that profit from falling prices closed those bets...
  • Chick-fil-A's stance against gay marriage may not fly at Denver International Airport

    08/27/2015 11:03:54 AM PDT · by don-o · 45 replies
    thedenverchannel ^ | August 20, 2015
    The Denver City Council has stalled a deal to renew the lease of a Chick-fil-A restaurant at Denver International Airport, citing the company's reputation as an opponent of same-sex marriage. The Business Development Committee on Tuesday stalled the seven-year deal with a new franchise of the popular chicken chain for two weeks. "I think the airport also has a question about our reputation," said Robin Kniech, a Denver City Council Member, during Tuesday's meeting. "It has been the corporate philosophy [of Chik-fil-A] to use the dollars they earn to fund discriminatory lawsuits and to fund discriminatory political rhetoric. So that's...
  • Hamptons neighbor shuts down Seinfeld’s charity drink stand

    08/27/2015 10:14:03 AM PDT · by Red Badger · 27 replies
    pagesix.com ^ | August 26, 2015 | 10:15pm | By Bruce Golding
    It’s “No lemonade for you!” in East Hampton, where a sourpuss neighbor put the squeeze on the drink stand Jerry Seinfeld and his family had set up for charity, resulting in this goofy “arrest.” The roadside business was selling cold drinks on hot days to benefit the group Baby Buggy, before it was shut down for violating a village prohibition on peddling. “Lemonade dreams crushed by local neighbor but not before raising lots of money for @loverecycled. Thanks to all of our customers and big tippers!” Seinfeld’s wife, Jessica, wrote on Instagram. An accompanying photo shows Jerry, son Julian and...
  • U.S. economy looks much stronger after upward revision to GDP report

    08/27/2015 9:53:55 AM PDT · by lowbridge · 11 replies
    marketwatch.com ^ | august 27, 2015 | greg robb
    The U.S. economy looks much more vigorous in the second quarter than previously thought, as a report released Thursday showed businesses got off the sidelines and spent some money. The acceleration in business investment, if it’s sustained, could add to the economy’s momentum in the months ahead. The data show why the Federal Reserve is considering hiking interest rates at its next meeting in September. The U.S. economy grew at a faster 3.7% annual pace in the second quarter, up from the initial estimate of growth at a 2.3% clip, the Commerce Department said Thursday. Economists polled by MarketWatch forecast...
  • The Venerable History of Protectionism

    08/27/2015 8:54:45 AM PDT · by sunrise_sunset · 18 replies
    NY Times ^ | 2008 | Robert E. Lighthizer
    "Reagan often broke with free-trade dogma. He arranged for voluntary restraint agreements to limit imports of automobiles and steel (an industry whose interests, by the way, I have represented). He provided temporary import relief for Harley-Davidson. He limited imports of sugar and textiles. His administration pushed for the "Plaza accord" of 1985, an agreement that made Japanese imports more expensive by raising the value of the yen."
  • Nevada's Obamacare non-profit insurance co-op going belly up

    08/27/2015 7:44:55 AM PDT · by rktman · 12 replies
    americanthinker.com ^ | 8/27/2015 | Rick Moran
    Nevada Health CO-OP, a non-profit insurer created by Obamacare and given $66 million in start up loans, will cease operations on January 1 of next year. The cause of the co-op's downfall is attributed to "market realities." Duh.