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Business/Economy (News/Activism)

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  • Steve Forbes on Donald Trump and His 'Hoo-Ha'

    02/08/2016 4:30:07 AM PST · by Cincinatus' Wife · 12 replies
    The Street ^ | December 201, 2016 | Jeremy Greenfield
    Steve Forbes ran for president twice -- in 1996 and 2000 -- spending a reported $69 million of his own money in failed bids to win the Republican nomination. His campaigns mostly focused on establishing a flat income tax and other similar economic reforms. The multi-millionaire chairman and editor-in-chief of Forbes Media isn't running for president this time around, but he does have a new book out this week (Reviving America), promoting three big reforms he believes America should adopt: repeal and replace Obamacare with something akin to a free-market health-care system; scrapping the Federal income tax code in favor...
  • Colonial Williamsburg Super Bowl ad shows World Trade Center falling, angers viewers

    02/08/2016 3:43:35 AM PST · by SMGFan · 5 replies
    Washington Post ^ | February 8, 2016
    A Super Bowl ad promoting tourism in Colonial Williamsburg made a questionable choice in showing video of the Sept. 11, 2001 attacks on the World Trade Center. The commercial, which aired in New York, Philadelphia and Washington, begins with reversed footage of achievements throughout American history:
  • Donald Trump: Here's the one area where Bernie Sanders and I agree [WITH CHINA ON TPP]

    02/08/2016 2:50:05 AM PST · by expat_panama · 18 replies
    Business Insider ^ | February 8, 2016 | Maxwell Tani
    Donald Trump said Sunday that there's one issue on which he and Sen. Bernie Sanders (I-Vermont) agree: trade. In a CNN interview Sunday, Trump pointed out that he and Sanders both opposed the Trans-Pacific Partnership, the multinational trade agreement brokered by the Obama administration. The deal aims to reduce tariffs and put legal standards in place in the 12 participating countries. "The one thing we very much agree on is trade. We both agree that we are getting ripped off by China, by Japan, by Mexico, everyone we do business with," Trump said. But though the mogul suggested that he...
  • Transportation funding expected to fall $6B short in Pennsylvania

    02/08/2016 12:54:21 AM PST · by Tolerance Sucks Rocks · 12 replies
    The Pittsburgh Tribune-Review ^ | February 1, 2016 | Melissa Daniels
    Pennsylvania will be about $6 billion short of being able to fund all the projects legislators promised their constituents during passage of Act 89, the transportation funding bill of 2013. Secretary Leslie Richards will break the news to the Senate Transportation Committee when she testifies Tuesday, according to a copy of her testimony obtained by the Tribune-Review. Pennsylvania's 12-year transportation plan covers about 2,800 projects at a cost of about $34 billion. But that exceeds the $28 billion in revenue projected to come in for that time frame. “The Corbett administration over promised projects by at least $6 billion compared...
  • 'I have at least 20 Muslim friends', says Donald Trump, but can't name them

    02/07/2016 10:53:43 PM PST · by Cincinatus' Wife · 131 replies
    The Daily Telegraph ^ | February 7, 2015 | David Lawler, New Hampshire
    ..... The Republican presidential candidate has repeatedly said that "Muslims love him" despite his provocative policies, but has so far failed to name any single individual Muslim supporter. Asked by the Telegraph to elaborate, Mr Trump again ducked the question responding: "Oh, I could give you about 20 of them."... Donald Trump Junior, Mr Trump's son, was also unable to tell the Telegraph who his father's Muslim friends were, saying only that they had "completed a lot of business deals" in the Middle East.
  • The middle-class white men problem

    02/07/2016 6:59:35 PM PST · by 2ndDivisionVet · 33 replies
    The Orange County Register ^ | February 7, 2016 | James Poulos
    The most interesting question this year for political junkies is who - if anyone - can rebuild Ronald Reagan's electoral coalition. Plenty of candidates would like to do it, and plenty of them want to convince America right now that they're already doing it. But the key group of voters who could make that happen are up for grabs - and they're skeptical. The big cultural story of the year, it's now clear, is how elites and intellectuals now abruptly admit that downwardly mobile middle-class whites, especially men, have become an important constituency and a political problem. "As we know,"...
  • Don Davis, owner of Don's Guns, dies

    02/07/2016 6:50:08 PM PST · by EveningStar · 8 replies
    The Indianapolis Star | February 5, 2016 | Michael Anthony Adams
    Link only, per agreement with Gannett
  • How Ted Cruz Could Deliver the Coup de Grace to Donald Trump

    02/07/2016 1:49:19 PM PST · by Cincinatus' Wife · 126 replies
    Intellectual Conservative ^ | February 7, 2015 | Ralph Benko
    Presidential elections are about, above all, just two things: our security and our prosperity. Promises of prosperity have all but faded into the background... except by Donald Trump. In the last debate in which he participated Donald Trump hit the voters' target bull's eye in stating "I want to use that same up here, whatever it may be, to make America rich again." None of the other candidates came close to featuring The Message we voters wish to hear. Prosperity. If the other candidates - most notably #2 Ted Cruz - wished to gain the voters' hearts, or at least...
  • Healthy Economic Growth Is Our Missing Ingredient

    02/07/2016 7:24:20 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 7, 2016 | Steve Chapman
    This year's Republican presidential race has generated an unusual number of unusually bad ideas -- Donald Trump on Muslims, Ted Cruz on carpet bombing, Marco Rubio on male footwear. It has also has produced one of the best: Jeb Bush's 4 percent plan. No, that wasn't his desired share of the vote in the Iowa caucus, where he got less than 3 percent. It's his goal for annual economic growth, which he argues would "restore the opportunity for every American to rise and achieve earned success." When Bush said last June, "There is not a reason in the world why...
  • Exclusive: Iran wants euro payment for new and outstanding oil sales - source

    02/07/2016 9:36:26 AM PST · by BenLurkin · 17 replies
    rueters ^ | 02/05/2016 | Nidhi Verma
    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil. "In our invoices we mention a clause that buyers of our oil...
  • Trump: Bush family used eminent domain to build a baseball park

    02/07/2016 9:24:25 AM PST · by jimbo123 · 85 replies
    The Hill ^ | 2/7/16 | Bradford Richardson
    Following attacks from primary rival Jeb Bush about his past use of eminent domain, Republican presidential hopeful Donald Trump on Sunday accused the Bush family of using the practice to build a baseball stadium in Texas. "Eminent domain is a very important thing," Trump said on ABC's "This Week." "Jeb Bush doesn't understand what it means, and if you look into the Bush family - I found this five minutes ago - they used eminent domain for the stadium in Texas, where they own, I guess, a piece of the Texas Rangers." When host George Stephanopoulos said that was Jeb's...
  • Austria's finance minister asks EU to cover costs of additional migrants

    02/07/2016 9:11:52 AM PST · by Lorianne · 3 replies
    Reuters ^ | 18 January 2016 | Marko Djurica
    Austria's Finance Minister Hans-Joerg Schelling has asked the European Commission to provide 600 million euros ($670 million) to cover the costs of taking in additional refugees, a ministry spokesman said on Saturday. Austria budgeted for 35,000 asylum seekers annually at a cost of 11,000 euros per person but took in some 90,000 people in 2015, the spokesman quoted the minister as saying in a letter to the head of the EU executive, Jean-Claude Juncker. "Concerning the migration crisis it is high time the Commission returned to its normal function as an independent institution representing the general Community interest and start...
  • The U.S. Could Switch to Mostly Renewable Energy, No Batteries Needed

    02/07/2016 8:37:18 AM PST · by Lorianne · 63 replies
    Smithsonian ^ | 25 January 2016 | Sarah Zielinski
    The United States could lower carbon emissions from electricity generation by as much as 78 percent without having to develop any new technologies or use costly batteries, a new study suggests. There’s a catch, though. The country would have to build a new national transmission network so that states could share energy.“Our idea was if we had a national ‘interstate highway for electrons’ we could move the power around as it was needed, and we could put the wind and solar plants in the very best places,” says study co-author Alexander MacDonald. Several years ago, MacDonald was curious about claims...
  • North Dakota governor orders cuts amid $1B budget shortfall

    02/07/2016 7:56:44 AM PST · by Lorianne · 5 replies
    Philly.com /AP ^ | 02 February 2016 | James MacPherson
    BISMARCK, N.D. - Gov. Jack Dalrymple on Monday ordered deep cuts to government agencies and a massive raid on state savings to make up for a more than $1 billion budget shortfall due to depressed crude prices and a drop in oil drilling. North Dakota had more than $2 billion in various reserve accounts just one year ago, but oil prices - a key contributor to the state's wealth - have taken a nosedive in the last year. The legislature's record-high $14.4 billion budget for the two years that began July 1 was built on oil prices and economic assumptions...
  • $100 Trillion Up in Smoke

    02/07/2016 7:52:26 AM PST · by Lorianne · 19 replies
    Mauldin Economics ^ | 06 February 2016 | John Mauldin
    If energy powers the world, then whoever owns that energy must have power over the world. That’s certainly been the case for the last century or two. Ownership of our primary energy source, crude oil, is what made billionaires of John D. Rockefeller, H.L. Hunt, and assorted Middle Eastern kings, emirs, and sheikhs. Oil in the ground is wealth only on paper – you may own that oil, but it earns you nothing until you recover and sell it. Yet paper wealth is still wealth. It goes on your balance sheet as an asset that you can sell. You can...
  • Swiss real estate 'bubble risk' continues to rise

    02/07/2016 7:30:09 AM PST · by Olog-hai · 2 replies
    TheLocal.ch ^ | 04 Feb 2016 20:02 GMT+01:00
    The risk of a real estate bubble occurring in several regions of Switzerland reached its highest level at the end of 2015 since the late 1980s, according to a report from UBS. The bank on Thursday said its Swiss Real Estate Bubble Index reached 1.41 points in the fourth quarter of last year, up from 1.34 in the third quarter and the highest rate in around 15 years. The Lake Geneva and Greater Zurich areas remain the most exposed regions in the country with the highest risk potential for a residential real estate bubble. Other exposed cities include Zug, Lucerne,...
  • So this is what 'full employment' looks like? [That's essentially what we have today]

    02/07/2016 7:29:45 AM PST · by SeekAndFind · 25 replies
    CNBC ^ | 02/07/2016 | Jeff Cox
    For more than seven years, Federal Reserve officials have touted their progress toward achieving "full employment," with the most recent target a 4.9 percent unemployment rate. With Friday's nonfarm payrolls report showing that the goal has been achieved, perhaps the Fed can raise the "Mission Accomplished" banner along with a welcome mat to the world of "full employment." The jobless rate last reached this level in February 2008, following a run from June 2005 to April 2008 during which unemployment never eclipsed 5 percent. Getting a "4-handle" on the number -- using Wall Street lingo -- was supposed to represent...
  • Who Has the Best Tax Plan? - What gives Ted Cruz the edge

    02/07/2016 1:57:15 AM PST · by Cincinatus' Wife · 26 replies
    The American Spectator ^ | February 4, 2015 | Stephen Moore, economic consultant at Freedom Works and a Fox News contributor
    [snip]First, the Cruz plan would give America the lowest tax rates since the income tax was devised 100 years ago. For this reason, these plan are estimated by the Tax Foundation to grow the economy by a gigantic $2 trillion extra GDP per year after 10 years. That's exactly the opposite effect of the Hillary and Bernie show plans.Second, Cruz's plan eliminates almost all deductions and credits-which is how they get the rate so low. The IRS could be dramatically shrunk in size. Don't forget, when there are fewer deductions,there are fewer ways to cheat on your taxes. The lower...
  • Ted Cruz is feeling the Bern! On the NH trail with the GOP's cute but sinister rebel firebrand

    02/07/2016 1:06:38 AM PST · by Cincinatus' Wife · 27 replies
    Salon ^ | February 6, 2015 | Andrew O'Hehir
    SALEM, N.H. - Ted Cruz in person, on the campaign trail, is a study in contrasts. What I principally mean by that cliche is that Cruz makes a more plausible human being when seen up close than in his animatronic television appearances, but he does not resemble a human being who came into the world by the usual method. He's both cute and sinister, a highly discordant combination. He's like a marzipan man brought to life by the kiss of a magic fairy, stuffed into overly tight blue jeans and sent toddling into middle-school cafeterias in the middle of nowhere...
  • GitHub is undergoing a full-blown overhaul as execs and employees depart

    02/06/2016 9:35:20 PM PST · by GunningForTheBuddha · 25 replies
    Business Insider ^ | 02/06/2016 | Julie Bort and Matt Weinberger
    We've been hearing about a lot of drama going on at $2 billion startup GitHub, the hugely important and popular site used by millions of computer programmers where 10 or more executives have departed in recent months.The more we write about the inner turmoil, the more people step forward to share details and opinions.…"They are trying to control culture, interviewing and firing. Scary times at the company without a seasoned leader. While their efforts are admirable it is very hard to even interview people who are 'white' which makes things challenging," this person said.Sanchez is known for some strong views...
  • Hillary Clinton Says Banning Fossil Fuel Extraction on Public Lands a 'Done Deal'

    02/06/2016 10:18:17 PM PST · by Cincinatus' Wife · 40 replies
    Washington Free Beacon ^ | February 6, 2015 | Ali Meyer
    Hillary Clinton said that banning fossil fuel extraction on public lands is a 'done deal,' the Hill reported. After Thursday night's Democratic debate in New Hampshire, an activist with the green group 350 Action asked Clinton whether she would support banning hydraulic fracturing if she were elected. While Clinton said the president doesn't have the authority to do that, she did say that supporting a ban on fossil fuel extraction on public lands was a done deal. "President Obama's Interior Department in January said it would halt new leases for coal mining on federal land while it figures out how...
  • EU foreign affairs chief announces visit to Iran

    02/06/2016 9:18:19 PM PST · by Olog-hai · 3 replies
    Associated Press ^ | Feb 6, 2016 9:58 AM EST
    European Union foreign affairs chief Federica Mogherini says she is preparing to visit Iran following the implementation of a landmark nuclear deal between Tehran with world powers. Mogherini said Saturday there was no set date had been set, but that preparations with Tehran were well underway. She insisted all 28 EU nations were backing the opening with Iran. ...
  • Tea Party Revolts Against Obama’s Budget as Debt Exceeds $19 Trillion

    02/06/2016 7:08:26 PM PST · by Lorianne · 14 replies
    Fiscal Times ^ | 04 February 2016 | Eric Pianin
    n what appears to be an extraordinary snub of White House budget director Shaun Donovan, the Republican chairs of the House and Senate Budget Committees announced on Thursday they would not host Donovan’s testimony on President Obama’s final budget submission next week. Obama will unveil his fiscal 2017 budget request next Tuesday, just barely meeting the statutory deadline for submitting a new budget to Congress. But Senate Budget Committee Chair Mike Enzi (R-WY) and House Budget Committee chief Tom Price (R-GA) issued a joint statement tonight saying Donovan wasn’t welcome to testify because the administration wasn’t serious about addressing the...
  • The Costs Of Medicaid Expansion Are Real And Often Much Larger Than Expected

    02/06/2016 6:34:44 PM PST · by Lorianne · 9 replies
    Forbes ^ | 19 January 2016 | Brian Blase
    The decision states face of whether to expand Medicaid to non-disabled, working-age, childless adults—the Affordable Care Act (ACA) primary expansion population— involves tradeoffs. These tradeoffs include higher taxes, reduced spending on items like education, transportation, or infrastructure, or reduced spending on other Medicaid populations such as the disabled, children, or the elderly. The ACA funding formula allows states to pass a much greater share of the costs of covering non-disabled childless adults to federal taxpayers, but the tradeoffs still exist. In a previous piece, I argued that states could have expanded Medicaid to this population before the ACA and received...
  • Fun with numbers: The real story behind the 4.9% unemployment report

    02/06/2016 5:24:15 PM PST · by SeekAndFind · 13 replies
    American Thinker ^ | 02/06/2016 | Rick Moran
    On the surface, the January jobs numbers appear to be "not bad."  There were 151,000 jobs created, and the official unemployment rate dropped below 5%. But the story inside the numbers is really, really awful.  The Bureau of Labor Statistics calculates job creation and loss using two different measurements: the Current Population Survey and "Establishment" data from the Current Employment Statistics.  Usually, the two measurements are roughly the same.  But how do you explain this, BLS? Consider these BLS numbers based on household data. In January, there were 25,328,000 "foreign born" workers employed, a one-month drop of 98,000. In January, there...
  • America’s ‘Disappearing White Majority’ Is Not Disappearing

    02/06/2016 3:41:26 PM PST · by 2ndDivisionVet · 33 replies
    The National Review ^ | January 15, 2016 | Elliot Abrams
    Intermarriage and assimilation blur racial and ethnic lines, but the Census Bureau is determined to keep them sharp. The U.S. Bureau of the Census has projected that America will have a "non-white" majority by 2044. A new and quite stunning article in the Winter 2016 issue of The American Prospect (a left-of-center journal) debunks that claim and undermines the widespread faith that the Census Bureau knows what it is doing. The article, by the sociologist Richard Alba, is entitled "The Likely Persistence of a White Majority: How Census Bureau statistics have misled thinking about the American future." Its two key...
  • Sessions: 'Little surprise' Obama quietly signed the TPP

    02/04/2016 11:40:26 PM PST · by Ray76 · 100 replies
    Washington Examiner ^ | Feb 4, 2016 | Anna Giaritelli
    Sen. Jeff Sessions, R-Ala., charged the Obama administration with quietly signing the Trans-Pacific Partnership trade agreement in New Zealand, and said the White House tried to minimize it because it knows the public isn't pleased with the deal.
  • Upset at truck tolls, Ocean State Job lot postpones expansion

    02/06/2016 12:22:21 PM PST · by matt04 · 12 replies
    Governor Raimondo’s proposed new truck-tolls, headed this week for House and Senate votes, may cost Rhode Island business, according to an announcement Saturday by Ocean State Job Lot. The company said it is putting on hold its "plan for expansion within the state," specifically what it described as a 500,000-square-foot, $50-million distribution center. At a Saturday morning news conference at Ocean State Job Lot's new store at 5947 Post Road in North Kingstown, David Sarlitto, the company’s executive director, issued this statement: "At the re-location opening of its flagship store in North Kingstown today, Job Lot announced its opposition to...
  • Finally, America May Be Catching On to Ethanol Racket

    02/06/2016 9:42:01 AM PST · by upchuck · 66 replies
    The Daily Signal ^ | Feb 2, 2016 | Nicolas Loris
    The results of the Iowa caucus proved that even Iowans-long seen as fervent proponents of ethanol-don't view Washington's favoritism to it as necessarily still required. Much like many campaigns out there, the Renewable Fuel Standard that mandates the use of biofuels in our gasoline has been full of empty promises. When Congress passed the Renewable Fuel Standard in 2005 and expanded the mandate in 2007, policymakers promised reduced dependence on foreign oil, a new source of cleaner energy to lower gas prices, a stronger economy, and an improved environment.This was certainly wishful thinking, as none of it has come true.Instead,...
  • All the ways the F-35 is screwed up, according to the Pentagon’s top weapons tester

    02/06/2016 7:44:03 AM PST · by don-o · 82 replies
    The Washington Post ^ | 2/4/16 | Dan Lamothe
    The Pentagon's top weapons tester has condemned aspects of the F-35 Joint Strike Fighter program in a new report, raising questions about the $1.5-trillion effort's ability to meet its already slipped production schedule, synthesize information on the battlefield and keep aircraft available to fly. The 82-page report was distributed to Congress last month, and released publicly this week. It was completed by Michael Gilmore, the Pentagon's director of operational test and evaluation. He reports directly to Defense Secretary Ashton B. Carter, and carries out independent assessments for both Carter and members of Congress.
  • Lament of the Plutocrats (What Hillary said in Goldman speeches)

    02/06/2016 8:36:30 AM PST · by DCdude · 17 replies
    Politico ^ | 12/11/2013 | Ben White
    On a recent afternoon, executives at Goldman Sachs invited a few hundred major investors to the Conrad Hotel in lower Manhattan. The bankers and their guests filed into a large room and turned their eyes to Hillary Clinton. But Clinton offered a message that the collected plutocrats found reassuring, according to accounts offered by several attendees, declaring that the banker-bashing so popular within both political parties was unproductive and indeed foolish. Striking a soothing note on the global financial crisis, she told the audience, in effect: We all got into this mess together, and we’re all going to have to...
  • America’s Economic Freedom Has Rapidly Declined Under Obama

    02/06/2016 8:01:25 AM PST · by 1rudeboy · 19 replies
    Heritage Foundation ^ | February 1, 2016 | Anthony B. Kim
    Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America's economic freedom has been on a declining path over the past decade.America's declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America's economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress.The U.S. has fallen from the 6th freest economy...
  • Recession has Arrived; Factory Orders Decline 2.9%, Inventories Rise

    02/06/2016 7:30:55 AM PST · by Kaslin · 18 replies
    Finance Townhall ^ | February 5, 2016 | Mike Schedlock
    Even though economists see a mere 20% chance of recession in 2016, I am increasingly confident a recession began in December 2015. It was another disastrous factory orders report this month. December factory orders fell 2.9%Durable goods orders -5.0%, nondurable goods -0.8%November factory orders revised from -0.2% to -0.7%.Core capital goods orders fell steep 4.3%Inventories rose 0.2%The inventory-to-sales ratio rose again which portends weakness for future hiring and production.Shipments fell a steep 1.4% The Econoday Consensus Estimate was -2.8%, nearly on the mark in a range of -3.7% to +0.2%. It’s mind-boggling that an economist would predict a rise. Are...
  • Yale Professor on Nazi Environmentalism: So Close, yet So Far

    02/06/2016 7:06:59 AM PST · by rktman · 9 replies
    americanthinker.com ^ | 2/6/2016 | Mark Musser
    .....nature today is their primary guide rather than thought, most greens cannot tell the difference between science and Malthusian math. Herein lies the real problem facing the Western world today, as it has conjured up an imaginary crisis of its own making with regard to the global warming/climate change myth. Malthusian math construes environmental data that invariably leads to millenarian and/or apocalyptic concerns and dangerous anti-human political policies that are holistic and totalitarian by design, and thus fascist to the core.
  • Debt, defaults, and devaluations: why this market crash is like nothing we've seen before

    02/06/2016 6:42:17 AM PST · by SkyPilot · 61 replies
    The Telegraph ^ | 6 Feb 16 | Mehreen Khan,
    A pernicious cycle of collapsing commodities, corporate defaults, and currency wars loom over the global economy. Can anything stop it from unravelling? A global recession is on the way. This truism of economics holds at any point in which the world is not in the grips of a contraction. The real question is always when and how deep the upcoming downturn will be. "The crash will come, but it would be nice if it came two years from now", Thomas Thygesen, head of economics at SEB told over 200 commodity investors and analysts in London last month. His audience was...
  • In Case You Missed It: Obama Just Proposed Raising the Federal Gas Tax 136%

    02/06/2016 6:02:34 AM PST · by HomerBohn · 59 replies
    Daily Sheeple ^ | 2/5/2016 | Melissa Dykes
    It's all happening so fast, it's hard to keep up with all the b.s. coming out of the president and his White House in his last year. In case you missed it, Obama just proposed raising the gas tax to what would amount to 136%. By proposing a $10 per barrel tax on every barrel of oil produced in the U.S., Obama wants to add a 25 cent gas tax on every gallon of gas you purchase at the pump. He wants to use it to pay for his green transportation initiatives. Considering federal gas tax is 18.4 cents...
  • $153 million in Bill and Hillary Clinton speaking fees, documented

    02/06/2016 4:51:03 AM PST · by Oldeconomybuyer · 39 replies
    CNN ^ | February 5, 2016 | By Robert Yoon
    Hillary Clinton and her husband, former President Bill Clinton, combined to earn more than $153 million in paid speeches from 2001 until Hillary Clinton launched her presidential campaign last spring, a CNN analysis shows. In total, the two gave 729 speeches from February 2001 until May, receiving an average payday of $210,795 for each address. The two also reported at least $7.7 million for at least 39 speeches to big banks, including Goldman Sachs and UBS, with Hillary Clinton, the Democratic 2016 front-runner, collecting at least $1.8 million for at least eight speeches to big banks.
  • “Blind Side” Mom of Michael Oher Praises Adopted Son on Making Second Super Bowl

    02/05/2016 9:34:43 PM PST · by kathsua · 25 replies
    Life News ^ | Feb 5, 2016 | Micaiah Bilger
    On Super Bowl Sunday, proud adoptive mom Leigh Anne Tuohy will watch her son play football for the second time in the biggest American sports game of the year. Tuohy’s son Michael Oher is the offensive lineman for the Carolina Panthers and formerly the Baltimore Ravens, who he helped to achieve victory in the 2013 Super Bowl. Oher’s life had a troubled beginning. When Oher was born, his mother was addicted to drugs and his father was in prison. He struggled in school, moved through homes in foster care and spent time homeless until he met Leigh Anne and her...
  • Who of the Candidates Has Fairest Tax Plan of All?

    02/05/2016 9:22:38 PM PST · by JSDude1 · 28 replies
    Townhall ^ | Feb 6, 2016 | Stephen Moore
    With the first real votes being cast in the presidential race Monday, this is an opportune moment to do some last-minute comparison shopping on the candidates' tax reform plans. On this issue there's a lot to cheer about. All the Republican candidates have crafted plans that would slash tax rates for everyone and most would vastly simplify the thousands of pages of IRS tax code. Ted Cruz and Rand Paul have endorsed flat-tax plans that, for full disclosure, were designed by Arthur Laffer and myself. These plans have drawn some criticism from the Right of late, though these attacks are...
  • Iran to strengthen missile program: army chief

    02/05/2016 8:48:23 PM PST · by Olog-hai · 6 replies
    Reuters ^ | Thu Feb 4, 2016 10:11am EST | Parisa Hafezi
    Iran will continue to develop its missile program and it should not be considered a threat to neighboring and friendly countries, the semi-official Fars news agency quoted the head of the army as saying on Thursday. Under a deal reached between Iran and six major powers in 2015, most international sanctions imposed on Iran due to its nuclear program were lifted last month. However, sanctions imposed on its missile program were not lifted. According to a July 20 United Nations Security Council resolution endorsing the deal, Iran is still "called upon" to refrain from work on ballistic missiles designed to...
  • Housing, jobs in high-tax Connecticut could take hit in wake of GE move

    02/05/2016 8:28:34 PM PST · by doldrumsforgop · 37 replies
    foxnews ^ | 2/5/16 | Barnini Chakraborty
    General Electric’s big move to Boston this summer could mean much more than leaving an empty corporate campus behind. Residents and small business owners in the tony town of Fairfield, Conn. – home to GE’s global headquarters for more than four decades – are bracing themselves for the collateral damage after the company announced last month it would be moving to Massachusetts and taking 800 jobs, millions in grants and opportunities for expansion with them. But that’s not even the half of it. The trickle-down devastation triggered by GE’s move is predicted to spare no sector. The real estate market...
  • Obama Urges Congress to Approve TPP ‘This Year’

    02/05/2016 8:29:35 PM PST · by Enlightened1 · 19 replies
    CNS NEWS ^ | 02/04/16 | Patrick Goodenough
    After trade ministers from the U.S. and 11 other countries on either side of the Pacific on Thursday signed one of the biggest trade deals in history, President Obama called on Republicans and Democrats to approve it "this year." Obama said in a statement he would "continue working with Democrats and Republicans in Congress to enact it [the Trans-Pacific Partnership] into law as soon as possible so our economy can immediately start benefiting from the tens of billions of dollars in new export opportunities." "We should get TPP done this year and give more American workers the shot at success...
  • Two Anonymous Whistleblowers Are Pounding on the SEC’s Door Again

    02/05/2016 6:10:55 PM PST · by Lorianne · 5 replies
    Wall Street on Parade ^ | 04 February 2016 | Pam Martens and Russ Martens
    Last night ABC began its two-part series on the Bernie Madoff fraud. Viewers will be reminded about how investment expert, Harry Markopolos, wrote detailed letters to the SEC for years, raising red flags that Bernie Madoff was running a Ponzi scheme – only to be ignored by the SEC as Madoff fleeced more and more victims out of their life savings. Today, there are two equally erudite scribes who have jointly been flooding the SEC with explosive evidence that some Exchange Traded Funds (ETFs) that trade on U.S. stock exchanges and are sold to a gullible public, may be little...
  • Dollar tumbles as Fed rescues China in the nick of time

    02/05/2016 6:06:31 PM PST · by Lorianne · 16 replies
    Telegraph (UK) ^ | 04 February 2016 | Ambrose Evans-Pritchard
    The US dollar has suffered one of the sharpest drops in 20 years as the Federal Reserve signals a retreat from monetary tightening, igniting a powerful rally for commodities and easing a ferocious squeeze on dollar debtors in China and emerging markets. The closely-watched dollar index (DXY) has fallen 3pc this week to 96.44 and given up all its gains since late October. This has instant effects on the world’s inter-connected financial system, today more geared to the US exchange rate and Fed policy than at any time in modern history. David Bloom, from HSBC, said the blistering dollar rally...
  • The best moment of the Florence, SC Trump rally!!

    02/05/2016 5:39:20 PM PST · by dynoman · 27 replies
    youtube ^ | 2-5-15 | Trump
    The moment when Trump turns around and sees the five young people who's shirts spell TRUMP.
  • Bill O'Reilly Economic idiot.

    02/05/2016 5:24:49 PM PST · by central_va · 68 replies
    Bill Oreilly Show ^ | 2/5/16 | self
    It's disappointing that a national news commentator is so ignorant of basic economics. Then again this is BOR that I speak off. In a "gotcha" cheap shot attempt BOR tried to get Donald Trump to say taxes need to be raised to help with the deficit.. The Donald, much to his credit, tried to explain and educate that a robust economy will increase revenues dramatically. It is a basic concept that BOR can't seem to understand. Raising taxes actually decreases tax revenues because most economists believe the USA's federal tax rates are on the right side of the laffer curve...
  • No Women Allowed in Saudi Arabia Starbucks

    02/05/2016 3:02:35 PM PST · by nickcarraway · 49 replies
    Ad Week ^ | Feb. 4, 2016 | Shawn Paul Wood
    Let’s start with when Starbucks opened up its location in Riyadh. The coffee siren is the face of Starbucks. Her flowing locks of java love strike those brand affinity chords nationwide and across the pond, so why not in the Middle East? Because boobies or some such. The logo was considered a bit too randy for the locals, so Starbucks completely caved and came up with a falling star on the Sydney Opera House in Australia. That story didn’t gain a lot of traction, but this more recent one is definitely approaching #PRFail territory. Women have been officially “barred” from...
  • U.S. labor market on solid ground as jobless rate hits eight-year low

    02/05/2016 1:16:06 PM PST · by Rockitz · 16 replies
    Reuters via Yahoo ^ | February 5, 2016 | Lucia Mutikani
    WASHINGTON (Reuters) - U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a percentage point to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. The payrolls gain was a sharp step-down from the average 231,000 jobs per month during the fourth quarter. "The fact that payroll gains fell back to earth is not necessarily...
  • Economic Problems Facing the U.S.

    02/05/2016 1:01:34 PM PST · by HarleyLady27 · 10 replies
    Economy In Crisis ^ | Nov. 12, 2015 | Thomas Heffner
    The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.
  • Citi: World economy seems trapped in 'death spiral'

    02/05/2016 12:08:31 PM PST · by HarleyLady27 · 28 replies
    CNBC ^ | Feb. 5, 2016 | Katy Barnato
    The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.