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Business/Economy (News/Activism)

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  • 'Wounded Warrior’ Charity Unleashes Hell—On Other Veteran Groups

    05/04/2015 4:12:12 PM PDT · by afraidfortherepublic · 20 replies
    The Daily Beast ^ | 5-4-15 | Tim Mak
    What happens when a non-profit that was started to help veterans becomes the neighborhood bully? For a charity supposedly devoted to helping veterans, the Wounded Warrior Project spends an enormous amount of time suing or threatening to sue small non-profits—spending resources on litigation that could otherwise be spent on the vets they profess to serve. At issue is the Wounded Warrior Project’s brand: the charity has become particularly litigious over the use of the phrase ‘wounded warrior’ or logos that involve silhouetted soldiers. At least seven such charities have discussed their legal problems with The Daily Beast. The Wounded Warrior...
  • Qatar Airways' plans to boost US flights upset airlines

    05/04/2015 4:05:34 PM PDT · by ConservativeStatement · 6 replies
    Reuters ^ | May 5, 2015
    [NEW YORK] Qatar Airways on Monday said it plans to expand its services to the United States, in a move that rankled US airlines which accuse it of competing unfairly through state subsidies. The Gulf carrier announced its first direct flights to Los Angeles, Boston and Atlanta from its Doha hub and its second daily flight to New York.
  • 20.7% of Jobs in Baltimore Are Government Jobs

    05/04/2015 3:47:35 PM PDT · by Olog-hai · 9 replies
    Cybercast News Service ^ | May 4, 2015 | 4:04 PM EDT | Terence P. Jeffrey
    According to the Bureau of Labor Statistics, 20.7 percent of the nonfarm jobs in the City of Baltimore in March were government jobs. Nationally, 15.5 percent of all jobs are government jobs. Within the borders of Baltimore City in March, according to BLS, there were 364,200 total “employees.” These employees included both people who lived in the city as well as people who lived outside the city but worked within its limits. Singular individuals who were employed in two different jobs at the same time are counted as two employees in the BLS survey. Of the 364,200 total jobs in...
  • Danish Bus Ads on Israeli Settlements Brought to a Halt

    05/04/2015 3:22:04 PM PDT · by nickcarraway · 9 replies
    El Arabiya ^ | Monday, 4 May 2015
    A Danish group on Monday vowed to expand an advertising campaign urging people to boycott products from Israeli settlements after the ads were dropped from Copenhagen buses. “It’s a clear attempt to deny us our freedom of speech,” Fathi El-Abed, chairman of the Danish Palestinian Friendship Association, told AFP after bus operator Movia last week pulled the campaign. “There is nothing whatsoever about this campaign that is harmful, discriminatory or hateful in any way,” he added.
  • Long Island Woman Who Ran Cancer Scam Gets Prison After Failing Rehab

    05/04/2015 3:18:27 PM PDT · by nickcarraway · 4 replies
    Prosecutors accused the woman of soliciting money from friends, neighbors and businesses in her communityNewsday reports a judge sentenced her Monday to up to three years in prison after learning she had failed out of the court-mandated drug program. Her attorney, George Duncan, says she got a violation in the program for smoking a cigarette.
  • Satanic Temple in Missouri Raises Funds for Woman to Have Abortion

    05/04/2015 3:01:06 PM PDT · by NYer · 9 replies
    Life Site News ^ | May 4, 2015 | CAROLE NOVIELLI
    We know satanists believe abortion is sacred as we have documented several times. Now, a St Louis, Missouri Satanic Temple is raising funds to get a woman an abortion. According to sources, the Satanic Temple has raised enough money via the GoFundMe crowdsourcing website to pay for a southwest Missouri woman to travel to St. Louis for an abortion. The GoFundMe site has since been removed. The elusive “Mary” for which the fund was created, has, with the help of the Satanists created a “Satanic Religious exemption form” which reads in part: My body is inviolable and subject to...
  • G.O.P. Expands Labor Battle to Laws Setting State Construction Wages

    05/04/2015 2:55:28 PM PDT · by reaganaut1
    New York Times ^ | MAY 2, 2015 | MONICA DAVEY
    A bill that would end prescribed wages on public construction projects in Indiana awaits the signature of Gov. Mike Pence. ... Indiana’s Republican-held legislature narrowly voted in April to repeal the state’s so-called common construction wage, a provision that had been around in various forms for 80 years and that sets pay standards for workers on publicly financed projects. The debate over the change, which Mr. Pence has said he supports, was muted compared with two decades ago, when tens of thousands of union workers turned up at the State Capitol and held off repeal. “It’s just a different era...
  • Contrary to goals, ER visits rise under Obamacare

    05/04/2015 2:35:00 PM PDT · by Oldeconomybuyer · 8 replies
    USA Today | May 4, 2015 | by Laura Ungar and Jayne O'Donnell
    LINK ONLY:  Contrary to goals, ER visits rise under Obamacare
  • Hillary Clinton Declines Request For Two Benghazi Committee Appearances – Will Only Attend Once….

    05/04/2015 2:24:58 PM PDT · by afraidfortherepublic · 44 replies
    A letter from Hillary Clinton’s legal team (embed below)to the House Committee On Benghazi. The attorney’s agree to one appearance, but refuse a second. Originally committee chairman, Trey Gowdy, wanted Secretary Clinton to appear first to address the email and communication issues to gain a better understanding of what documentation issues surround her tenure as Secretary of state; and a second appearance to address the structural questions about Benghazi as they relate to the issues not yet reconciled:
  • Mediaite: New management at MSNBC may drop the axe on 3 shows

    05/04/2015 1:12:53 PM PDT · by SeekAndFind · 44 replies
    Hotair ^ | 05/04/2015 | Ed Morrissey
    Has MSNBC finally had enough of leaning forward into a full-tilt decline in ratings? Despite some suggestions that the cable channel’s carriage fees immunizes it from the ratings issue, it’s apparently not enough for the new president of NBC News. Poor ratings may spell the end of three shows, two of which appear in the channel’s ailing prime-time lineup, according to Mediaite’s Andrew Kirell: Mediaite has learned that Lack is now beginning to take an active role in the herculean task of trying to right that left-leaning ship: Specifically, Lack is now often attending MSNBC chief Phil Griffin‘s 11:30...
  • Populist opposites: On Bernie Sanders and Ted Cruz

    05/04/2015 11:36:29 AM PDT · by 2ndDivisionVet · 26 replies
    The Austin American Statesman ^ | May 4, 2015 | Jonathan Tilove
    Good morning Austin: Today’s question. Who is more populist – Bernie Sanders or Ted Cruz? Bernie, right?I mean his campaign is all about – all about – wealth and income inequality and breaking up the incredible concentration of American wealth in the hands of a tiny few. He’s so far left in the Democratic Party that he’s not even actually a member of the Democratic Party. At a time when Democrats are afraid of being called “liberal,” he’s proud to call himself a socialist. He’s running against the Koch Brothers and Cruz is a creature of the Kochs. So, no...
  • The Myth That Mortgage Credit Is Really Tight

    05/04/2015 11:19:04 AM PDT · by Lorianne · 17 replies
    Real Clear Markets ^ | 29 April 2015 | Stephen Oliner
    The claim that mortgage credit is very tight for all but pristine borrowers has been repeated so often by respected policymakers and economists that it is now taken as fact. This characterization of today's mortgage market, however, is misleading. The truth is that most people with a steady job and an average (or worse) credit score can get a mortgage. Many borrowers taking out home purchase loans these days have less than perfect credit. The federal government has been more than willing to guarantee higher-risk mortgages, and it's been doing a lot of business with lenders that originate the loans...
  • A new housing bubble?

    05/04/2015 11:07:03 AM PDT · by Lorianne · 3 replies
    Los Angeles Times ^ | 23 April 2015 | Edward J. Pinto, Stephen D. Oliner
    Contrary to the prevailing view that only borrowers with pristine credit records can get a mortgage these days, many risky loans are still being made. A new index published by the International Center on Housing Risk at the American Enterprise Institute measures this risk month by month, based on about three-quarters of all home-purchase loans extended across the country. And the index clearly shows that many of today's mortgages would not perform well under stressful conditions. This conclusion holds for the nation as a whole and for nearly every state individually, California included. Here's why. In recent months, fully half...
  • Ouch! CarlyFiorina.org shows her layoffs at HP

    05/04/2015 10:48:43 AM PDT · by SeekAndFind · 61 replies
    CNN Money ^ | 05/04/2015
    If you're going to run for president, buy every website domain with your name. On Monday morning, former Hewlett-Packard CEO Carly Fiorina announced she's running for U.S. president. But if you head to CarlyFiorina.org, you'll find a message that criticizes her for firing tens of thousands of workers at HP (HPCQ). It shows 30,000 sad faces -- one for every employee that was laid off while Fiorina was chief executive from 1999 to 2005. The accusation that she outsourced so many American jobs is a major thorn in Fiorina's side -- and one reason she lost her bid for U.S....
  • Venezuela to nationalize food distribution

    05/04/2015 10:47:30 AM PDT · by Kartographer · 29 replies
    Venezuelan President Nicolas Maduro has promised to nationalize food distribution in the South American nation beset with record shortages of basic goods, runaway inflation and an escalating economic crisis. During a rally Friday, on International Workers' Day, the socialist leader allowed a union activist to ask for the nationalization of food and essential-item distribution.
  • PHOTO: School serves burned burritos covered with melted plastic for ‘healthy’ lunch

    05/04/2015 10:41:09 AM PDT · by Red Badger · 42 replies
    eagnews.org ^ | May 4, 2015 | Kyle Olson
    Contributors ‘Uncomfortable’ students call for ban on Bibles by The Christian Institute Franklin Graham speaks out on transgender restroom proposal by Billy Graham Evangelistic Association Students excel when they decide where to attend school by Jana Benscoter Homeschooling children can go at an unhurried pace by Durenda Wilson Common Core boosters trying to scare states into keeping national standards by The Independent Institute Planned Parenthood clinic builds concrete wall to block pro-life protesters by Life Dynamics White House logs show abortion leaders visit president, advisors often by Carole Novielli PHOTO: School serves burned burritos covered with melted plastic for ‘healthy’...
  • Venezuela can now barely keep the lights on

    05/04/2015 10:41:01 AM PDT · by Kartographer · 33 replies
    Business Inside via Yahoo Finance ^ | 5/4/15 | Christopher Woody
    Already buffeted by widespread violence, crippling shortages, and skyrocketing inflation, Venezuelans will be confronted with a new burden in the coming weeks: nationwide electricity rationing. The government of President Nicolas Maduro said last week that a plan to ration and otherwise adjust energy usage would go into effect to address increasing demand, which has been spurred on in part by a recent rise in temperatures in the Caribbean country. The measures of the rationing plan include reducing workday length for some public officials to six hours, requesting that private firms increase their electrical efficiency, and the inspecting of factories and...
  • Why Is America Richer than Kazakhstan, and Why Has Estonia Surpassed Croatia?

    05/04/2015 9:12:26 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | May 4, 2015 | Daniel J. Mitchell
    Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some nations become much richer than other nations within just a few decades because of better policy and faster growth.Here’s another way to approach the issue. Let’s use a hypothetical example to reinforce the importance of growth. If we went back to 1870 and assumed our economy’s nominal growth rate was one percentage point slower than it...
  • US businessmen lining up to do business with Iran

    05/04/2015 7:54:22 AM PDT · by SeekAndFind · 34 replies
    American Thinker ^ | 05/04/2015 | Rick Moran
    Capitalism is a wonderful thing - except when it isn't. Several US businessmen - oil execs for instance - are eagerly waiting for the day when "normalizing" relations with Iran would lead to exploiting the business opportunities offered by the mullahs. The Hill: Leaders from the United States’ oil industry are traveling to Iran this week to discuss potential investment opportunities, Iran’s government said. The delegation of oil company leaders and investors are visiting Iran in anticipation of sanctions being loosened against Tehran, Iran’s state-owned Mehr News Agency reported Monday. “It is forecast that by the visit of [the] American delegation...
  • Not enough money? Baltimore got $1.8 billion from Obama Stimulus

    05/04/2015 7:51:13 AM PDT · by SeekAndFind · 36 replies
    American Thinker ^ | 05/04/2015 | Thomas Lifson
    Last Tuesday, President Obama blamed the GOP-controlled Congress for its failure to fund the “massive investment in urban communities” that could “make a difference.” Well, how does $1.8 billion for the 622,000 people of Baltimore sound? Pretty massive, actually just about $290 for every man, woman, child, and baby of the entire City of Baltimore. But that’s the total amount of Obama Stimulus money sent to Charm City, according to an analysis by The Free Beacon:  The city of Baltimore received over $1.8 billion from President Barack Obama’s stimulus law, including $467.1 million to invest in education and $26.5...
  • EPA Regulates Without Science

    05/04/2015 7:10:18 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | May 3, 2015 | Malcolm A. Kline
    When academic studies back up Obama Administration policies, you will never hear the end of them. When they don’t, you will never hear the beginning of them. Take, for example, the recent study by Johns Hopkins University examining the science behind new EPA regulations. “A new study authored by a research team led by Dr. Corrine Keet of John’s Hopkins Children’s Center has found no link between outdoor air pollution and childhood asthma,” Alyssa Carducci writes in Environment & Climate News. “Dr. Keet’s team followed 23,000 U.S. children and found no statistically significant difference in asthma rates between those who...
  • ‘Wounded Warrior’ Charity Unleashes Hell—On Other Veteran Groups

    05/04/2015 7:05:53 AM PDT · by pabianice · 28 replies
    Daily Beast ^ | 5/4/15 | Mak`
    What happens when a non-profit that was started to help veterans becomes the neighborhood bully? For a charity supposedly devoted to helping veterans, the Wounded Warrior Project spends an enormous amount of time suing or threatening to sue small non-profits—spending resources on litigation that could otherwise be spent on the vets they profess to serve. At issue is the Wounded Warrior Project’s brand: the charity has become particularly litigious over the use of the phrase ‘wounded warrior’ or logos that involve silhouetted soldiers. At least seven such charities have discussed their legal problems with The Daily Beast. The Wounded Warrior...
  • Ten-engine electric plane prototype takes off [NASA]

    05/04/2015 6:56:04 AM PDT · by Red Badger · 34 replies
    Phys.Org ^ | 05/04/2015 | by Kathy Barnstorff & Provided by NASA
    Credit: NASA Langley/David C. Bowman A team at NASA's Langley Research Center is developing a concept of a battery-powered plane that has 10 engines and can take off like a helicopter and fly efficiently like an aircraft. The prototype, called Greased Lightning or GL-10, is currently in the design and testing phase. The initial thought was to develop a 20-foot wingspan (6.1 meters) aircraft powered by hybrid diesel/electric engines, but the team started with smaller versions for testing, built by rapid prototyping. Imagine a battery-powered plane that has 10 engines and can take off like a helicopter and fly...
  • Boyz II Men co-founder launches campaign to help homeless Capitol worker

    05/04/2015 6:08:37 AM PDT · by SoFloFreeper · 7 replies
    CNN ^ | 4/27/15 | Dana Bash
    ...After seeing CNN's story Friday on Charles Gladden -- a man who works in the Senate cafeteria but lives on the streets -- Nathan Morris, the co-founder of musical group Boyz II Men, started an online call to arms to help. Using a crowd-funding site "Go Fund Me," Morris urged people to make a donation to help Gladden find housing.... ...Gladden, 63, makes about $11 an hour, and takes home about $360 a week. But he said he gives a lot of it to his children and grandchildren, who have their own financial troubles. "I take care of them," he...
  • Baltimore Received $1.8 Billion from Obama’s Stimulus Law City burned despite ‘massive investment’

    05/04/2015 5:20:00 AM PDT · by KeyLargo · 17 replies
    Free Beacon ^ | May 4, 2015 | Elizabeth Harrington
    Baltimore Received $1.8 Billion from Obama’s Stimulus Law City burned despite ‘massive investment’ implemented by president BY: Elizabeth Harrington May 4, 2015 5:00 am The city of Baltimore received over $1.8 billion from President Barack Obama’s stimulus law, including $467.1 million to invest in education and $26.5 million for crime prevention. President Obama claimed last Tuesday that if the Republican-controlled Congress would implement his policies to make “massive investments in urban communities,” they could “make a difference right now” in the city, currently in upheaval following the death of Freddie Gray. However, a Washington Free Beacon analysis found that the...
  • Unions Donate to Sharpton’s Nonprofit and Win Airtime on Sharpton’s MSNBC Show

    05/04/2015 4:14:04 AM PDT · by Zakeet · 9 replies
    National Review ^ | May 4, 2015 | Jillian Kay Melchior
    Since Politics Nation debuted on MSNBC on August 29, 2011, Al Sharpton’s nonprofit National Action Network has collected more than $2.38 million in contributions from unions, according to Department of Labor records. Meanwhile, Sharpton has often used his show to promote pro-labor viewpoints, also inviting union leadership on as guests. National Action Network ... has apparently remained in financial trouble. A 2013 filing with the Internal Revenue Service showed the nonprofit had ended the year with negative assets of $1.33 million. Nonprofit experts have told National Review that the Sharpton’s six-figure salary from National Action Network, as well as the...
  • Wisconsin FoodShare fraud crackdown questioned (12-fold increase under Gov. Scott Walker)

    05/04/2015 2:26:35 AM PDT · by Cincinatus' Wife · 26 replies
    LaCrosse Tribune ^ | May 4, 2015 | Bill Lueders Wisconsin Center for Investigative Journalism
    MADISON—Under Republican Gov. Scott Walker, Wisconsin has seen a nearly 12-fold increase in the number of people suspended annually from the state’s food stamp program for fraud.The suspensions for “intentionally violating program rules” are part of a larger get-tough approach to people receiving federally funded nutrition assistance, called FoodShare in Wisconsin. Walker has also introduced new work rules for some FoodShare recipients, and proposes to seek a federal waiver to begin requiring all adult participants of the program to undergo drug testing.In 2011, Walker’s first year as governor, 102 people were suspended from the FoodShare program for violating program rules,...
  • A Closer Look at Scott Walker’s Record on Jobs

    05/04/2015 1:42:04 AM PDT · by Cincinatus' Wife · 2 replies
    Wall Street Journal ^ | May 3, 2015 | Andy Puzder
    Wisconsin ranks 40th in the nation for job growth, or so says a recent Bureau of Labor Statistics report. Many in the media and political circles pounced on the release as evidence that the policies of Republican Gov. Scott Walker, a potential presidential candidate, have left the Badger State trailing much of the nation. But the report failed to give sufficient context to Wisconsin’s job growth. The BLS, along with other reports touting similar results, ranked states based on how much private employment increased over a year. Why might Wisconsin’s employment increase seem modest? One reason could be that more...
  • Scott Walker Is Making MASSIVE Changes To Welfare – Will Impact Freeloaders Harshly

    05/04/2015 12:17:52 AM PDT · by Cincinatus' Wife · 60 replies
    US Herald ^ | May 3, 2015 | Ryan Brown
    Under Governor Scott Walker's leadership, Wisconsin will join eleven other states as the newest state to require welfare recipients to pass a drug test before they can receive state welfare funds. While some liberals and liberal-minded religious groups have called out Walker for "targeting" the poor and those with addictions, Walker's response has been spot on: if they're receiving funds from the state, the state should be able to make rules for these people to live by before they can receive a dime. But Walker's drug test isn't simply a play to restrict the number of people who will be...
  • Is Russia Planning to Disassemble the International Space Station?

    05/04/2015 12:03:29 AM PDT · by WhiskeyX · 47 replies
    The Motley Fool ^ | May 3, 2015 | Rich Smith
    Is Russia Planning to Disassemble the International Space Station? Goodbye, International Space Station. We hardly knew ye. For nearly two decades, since the launch of its first "module" in 1998, the International Space Station has been a symbol of global cooperation, and the site of actual cooperation among scientists from many nations. Comprised of 15 separate modules, and inhabited continuously since 2000, the International Space Station has hosted upward of 200 astronauts and cosmonauts from 15 different nations over 17 years in service. But in just a few more years, all this will come to an end. Like disassembling an...
  • Russia: Massive Capital Flight Continues

    05/03/2015 11:40:01 PM PDT · by WhiskeyX
    EurasiaNet ^ | April 30, 2015 - 11:52am | EurasiaNet
    Amid Russia’s economic woes, billions of dollars continue to disappear in offshore havens. The net outflow of capital from Russia reached $32.6 billion during the first quarter of 2015, according to the nation’s Central Bank. The bank is now forecasting that capital flight may reach $131 billion by the end of the year. In reporting first quarter numbers, the Central Bank also upwardly revised the 2014 figure for net capital outflow to $154.1 billion from the previously reported $151.5 billion. That figure marks the highest annual total of capital flight since the Central Bank started tracking the trend back in...
  • Sessions: Trade deal opens immigration floodgates, OK's future Obama changes to "living agreement"

    05/03/2015 11:28:10 PM PDT · by Cincinatus' Wife · 17 replies
    Washington Examiner ^ | May 3, 2015 | Paul Bedard
    President Obama's bid for fast track trade authority along with a huge Asian trade deal fell into further trouble Sunday night when a key Republican senator charged that the deals open the door to more immigration and let the administration make future changes without congressional approval. Alabama Sen. Jeff Sessions delivered the bruising blow when he raised five questions about the Trade Promotion Authority speeding through Congress and the Trans Pacific Partnership trade deal that TPA would help push. "The president has circumvented Congress on immigration with serial regularity. But the TPA would yield new power to the executive to...
  • Arms sales becoming France’s new El Dorado, but at what cost?

    05/03/2015 11:23:16 PM PDT · by WhiskeyX · 2 replies
    France 24 ^ | 2015-05-04 | Sam BALL
    France’s booming arms trade has proved one of the few bright spots for the country’s struggling economy. But as President François Hollande heads to Saudi Arabia on Tuesday, will there be a moral and strategic cost to the deals he might bring back? When Qatar agreed to buy 24 French Rafale fighter jets in a €6.3 billion contract at the end of April, it represented yet another major success for France’s arms industry, coming hot on the heels of further multi-billion euro sales of Rafales to Egypt and India.
  • Three oligarchs sell half of Latvian transport company to Russian Railways

    05/03/2015 11:17:19 PM PDT · by WhiskeyX · 1 replies
    The Baltic Times ^ | 2015-04-13 | The Baltic Times
    According to information from the Lursoft database, Russian Railways, through an Amsterdam registered affiliate RZDL Multimodal, has purchased 50% of the shares of logistics company Liepājas Oil Transit (LNT). The remaining shares of the company, through a number of firms, are owned by former Prime Minister Andris Skeles’ family, former politician Ainārs Šlesers and Ventpils Mayor Aivars Lembergs’ representative, considered to be Ansis Sormulis’ brother, Ivars Sormulis, as well as Russia citizen, Elena Volkova.
  • Kerry due in Kenya after years of estrangement

    05/03/2015 7:50:26 PM PDT · by jonatron · 17 replies
    New 24 ^ | 2015-05-03 | Staff
    Nairobi - US Secretary of State John Kerry arrives in Kenya on Sunday for talks on security co-operation and ahead of US President Barack Obama's visit to his late father's home country. The trip to the east African nation is the first high-level visit since 2012, and comes after a year of tensions surrounding Kenyan President Uhuru Kenyatta being charged by the International Criminal Court for crimes against humanity. The ICC has since abandoned the case against Kenyatta over his role in the 2007-2008 post-election violence, citing a lack of evidence and Kenya's failure to cooperate - somewhat removing Kenyatta's...
  • Major U.S. Retailers Are Closing More Than 6,000 Stores

    05/03/2015 4:02:11 PM PDT · by dennisw · 141 replies
    zerohedge ^ | 05/02/2015 | Michael Snyder
    Submitted by Michael Snyder via The Economic Collapse blog, If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a...
  • Our Banking System is a Giant House of Cards

    05/03/2015 1:17:50 PM PDT · by Lorianne · 21 replies
    Institute for New Economic Thinking ^ | 21 April 2015 | Lynn Parramore inteviews Anat Admati
    Lynn Parramore: How would you describe the problem of Too Big to Fail banks. Whey does it matter to an ordinary person? Anat Admati: Too Big to Fail is a license for recklessness. These institutions defy notions of fairness, accountability, and responsibility. They are the largest, most complex, and most indebted corporations in the entire economy. We all have to be really alarmed by the fact that not only do we still have such institutions, but many of them are ever-larger and more complex and at least as dangerous, if not more so, than they were before the financial crisis....
  • Baltimore Rally: Burn Down Stores to Get Them ‘Out of Our Communities’

    05/03/2015 1:11:03 PM PDT · by 2ndDivisionVet · 212 replies
    Breitbart's Big Government ^ | May 2, 2015 | Staff
    During a large rally in front of Baltimore’s City Hall, a young man introduced as “Brother Rose,” in winding and sometimes incoherent speech, praised the burning of a CVS store at the corner of Pennsylvania and North Avenues. “America didn’t care until we started affecting things they profit from… What we saying, ‘Let’s get you out of our communities.’” He also said, “Without us running (unintelligible) Mondawmin Mall [the site of mass looting on Monday], taking back from the stores that have taken our dollars for how long, and not giving back to the community in any type of way....
  • Rioters in Milan smash shopfronts, throw smoke bombs as Expo opens

    05/03/2015 1:00:27 PM PDT · by Lorianne · 40 replies
    CNBC ^ | 01 May 2015 | Phil Han
    Milan has been waiting since 2008 for this day and now it has finally come—but takeoff for the World Expo 2015 looks to be overshadowed by violent protests. The turnstiles and doors officially opened on Friday in Italy's commercial and fashion capital. But opening day excitement for the six-month-long commercial event wasn't necessarily present among the crowds on Friday. The wet weather may have dampened the number of visitors to the event on its first day—with noticeably empty entrances and security checkpoints. Meanwhile, thousands of protesters marched through the streets of Milan behind a banner reading "No Expo, Eat the...
  • Greek talks stall over 'red lines' as country fights to remain in eurozone

    05/03/2015 12:13:08 PM PDT · by SunkenCiv · 8 replies
    Telegraph UK ^ | Sunday, May 3, 2015 | Szu Ping Chan, and agencies
    Reports claimed the government was prepared to reduce at least three different VAT rates to one, and limit exemptions. Prime minister Alexis Tsipras had opposed the move, claiming that the change would hit poorer people. The country will also press-on with privatisations it had also previously vowed to block, according to reports. However, Syriza has said that demands by creditors to reverse an increase in the minimum wage and cut pensions remain "red lines" that the leftist leadership is unwilling to cross... Mr Sakellaridis said that failure to reach an "honest compromise" with creditors would most likely lead to a...
  • Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected;

    05/03/2015 12:09:23 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | May 3, 2015 | Mike Shedlock
    Economists have been overly optimistic on the majority of economic reports for going on six months. Today the Bloomberg Consensus estimate for construction spending was for a 0.4% gain. The actual result was a decline of 0.6%. Construction spending once again defied expectations. March construction spending dropped 0.6 percent against expectations of an increase of 0.4 percent. On the year, construction spending was up 2.0 percent, down from February's annual increase of 2.7 percent. Both residential and public building declined. While weather can still be blamed for some of the decline, a basic weakness in the building sector was apparent....
  • Market Uptrend Stalls; Timing a Choppy Market --Investment Thread for May 3, 2015

    05/03/2015 11:26:09 AM PDT · by expat_panama · 14 replies
    Weekly investment & finance thread ^ | May 3, 2015 | Freeper Investors
    This past year's choppy indecisive unstable investment market continues as last Friday's IBD down grades our week-old uptrend back to "market under pressure".  Last week's rosy close turned sour for both the S&P500 and the NASDAQ as the major indexes immediately began a week of declines only to turn back up after the outlook was downgraded.  Precious metals weren't immune to the chaos either as they too stammered and fell back toward bases reached last Oct.That's been pretty much the story of the past half-year with market uncertainty taking over.  The irony is that it's actually been a pretty...
  • New Cold Climate to Devastate Global Agriculture within Ten Years

    05/03/2015 9:55:53 AM PDT · by citizen · 164 replies
    Space and Science Research Corporation ^ | April 30, 2015 | John L. Casey
    The Space and Science Research Corporation (SSRC) announces today that the predicted new cold climate will soon begin to end the historic era of growth in US and global agricultural output that began after the end of World War II. Specifically, as a result of recent events on the Sun and changes in the Earth's climate, the SSRC again warns that record crop yields and volume in the US and Canadian corn, wheat, and soybean belts are about to end. The SSRC expects the first substantial damage could be observed at any time but certainly within the next ten years....
  • SC Police stations act as havens for online buyers, sellers

    05/03/2015 9:55:49 AM PDT · by upchuck · 24 replies
    AP ^ | May 3, 2015 | MEG KINNARD
    COLUMBIA, S.C. (AP) — Some South Carolina law enforcement agencies are offering their parking lots as a safe place to finalize deals made on Craigslist and other online marketplaces. Officers say they won't get involved in the deals. But officials hope that, by doing the transactions at a police station or sheriff's department, people will be less likely to cut a shady deal — or get violent. At least two people have been killed in South Carolina when online transactions went wrong.
  • Heartache: Swarthmore College board fails to divest from fossil fuels

    05/03/2015 8:52:14 AM PDT · by rktman · 18 replies
    hotair.com ^ | 5/3/2015 | Jazz Shaw
    Not too long ago, the students – and more than a few of the faculty – at Swarthmore College decided that the time had come to take a stand against Big Oil, carbon or… something. Along those lines, they demanded that their school divest their endowment fund from any investments in fossil fuels. In order to make their point, they organized a sit in which lasted for the better part of a month. In the end, they declared victory when the faculty voted to support the students in this decision.
  • Source: Baltimore Police Officers Want To Oust The Mayor [VIDEO]

    05/03/2015 7:05:15 AM PDT · by Enlightened1 · 43 replies
    During a Baltimore-based radio talk show on Thursday, a man who identified himself as a Baltimore police officer named “Jeff” called into the program and said fellow police officers were organizing to push out the city’s mayor. “There is right now over 50 of us officers who are immediately asking for [Baltimore Mayor] Stephanie Rawlings-Blake to step down for what she did to us Monday,” the caller told WBAL radio host Derek Hunter. The Baltimore mayor has denied giving “stand down” orders and blamed the media for misinterpreting her comments about providing “a space” for protesters to loot. “Any other...
  • M 3.9 Earthquake Shakes LA, No Damage Reported

    05/03/2015 6:56:52 AM PDT · by Enlightened1 · 20 replies
    NBC Los Angeles ^ | 05/03/15 | Oleevia Woo and Asher Klein
    A magnitude 3.9 earthquake struck the Los Angeles area early Sunday morning, according to the U.S. Geological Survey. The earthquake hit about 1 mile from Baldwin Hills at 4:07 a.m. local time, according to the USGS. It was felt throughout the LA area, in nearby Culver City and from the San Fernando Valley to Long Beach.
  • Pres. Candidate Bernie Sanders: $1 Trillion Infrastructure Bill Could Lower Youth Unemployment

    05/03/2015 5:37:17 AM PDT · by SeekAndFind · 49 replies
    Pajamas Media ^ | 05/02/2015 | by Nicholas Ballasy
    [1]WASHINGTON — Sen. Bernie Sanders (I-Vt.) said at a town hall meeting the minimum wage should be raised to $15 per hour and advocated for expanding Social Security benefits.“If one person is making $18 million and another person is making $118,000 a year, who pays more into Social Security? Neither, they’re paying the same because there is a cap upon which after you, at a certain level, you don’t pay anything more and that level is about $118,000,” Sanders said at the meeting in Washington.“If you lift that cap, and you don’t have to start at $119,000, you can...
  • Amid crumbling economy, Venezuela's Maduro raises minimum wage 30 pct

    05/03/2015 5:07:59 AM PDT · by Oldeconomybuyer · 30 replies
    FOX News Latino ^ | May 2, 2015
    President Nicolás Maduro raised Venezuela's minimum wage Friday for the second time this year to help workers being battered by the world's highest inflation. Speaking at a May Day rally, the socialist leader said he is boosting the minimum wage and pensions for retirees by 30 percent, with two-thirds of the increase coming this month and the rest on July 1. He also said he would raise salaries for government employees and military personnel. The wage increase, while a welcome relief for many workers, fell short of expectations that the embattled Maduro might use Friday's celebrations to expand state control...
  • Koch brothers make push to court Latinos, alarming many Democrats

    05/03/2015 4:17:18 AM PDT · by Cincinatus' Wife · 24 replies
    Washington Post ^ | April 30, 2015 | Mary Jordan and Ed O'Keefe
    "............The LIBRE effort, which backers plan to expand into more presidential battleground states over the next several months, has alarmed many Democrats.They are making friends and trying to convince you that the Democratic agenda is bad,” said Matt Barreto, co-founder of the research and polling firm Latino Decisions. He said the group hands out ideological material, collects names, e-mail addresses and phone numbers, and is “laying the foundation for Republican candidates to emphasize the same messages.”Barreto says those behind LIBRE are “playing the long game” and don’t really have to win Republican votes, but rather raise doubts about Democrats to...