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Business/Economy (News/Activism)

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  • In Face Of Protectionism, EU And Japan Sign Huge Open-Trade Deal

    07/18/2018 2:07:25 AM PDT · by Sam_Damon
    National Public Radio ^ | July 17, 2018 | Merrit Kennedy
    Japan and the European Union have signed a massive trade deal that creates an open-trade zone for more than 600 million people. The EU and Japan account for about one-third of GDP worldwide. The deal has been in the works for years, but the parties reached an agreement in principle a year ago, several months after President Trump pulled the United States out of the Trans-Pacific Partnership, a major trade deal with Japan and 10 other nations.
  • McDonald's Says Goodbye Cashiers, Hello Kiosks

    07/18/2018 1:38:23 AM PDT · by Cronos · 16 replies
    Forbes ^ | 11 july 2018 | Ed Rensi
    “Would you like fries with that?” may soon be a phrase of the past. As minimum wage levels approach or surpass $15 nationwide, restaurant customers expecting to be greeted by a smiling face will instead be welcomed by a glowing LED screen. As of 2020, self-service ordering kiosks will be implemented at all U.S. McDonald’s locations. Other chains, including fast-casual brands like Panera and casual-dining brands like Chili's, have already embraced this trend. Some restaurant concepts have even automated the food-preparation process; earlier this year, NBC News profiled "Flippy," a robot hamburger flipper. Other upcoming concepts include virtual restaurants which...
  • Obama: Consider a universal basic income

    07/17/2018 4:49:55 PM PDT · by PROCON · 93 replies
    theweek.com ^ | July 17, 2018
    In his first major speech since leaving office, former President Barack Obama endorsed the idea of providing a universal basic income. Speaking at the Nelson Mandela Annual Lecture in South Africa on Tuesday, Obama raised the notion of guaranteed income as a way to reduce what he called "yawning disparities" in wealth, education, and security across different socioeconomic groups. "It's not just money that a job provides," said Obama. "It provides dignity and structure and a sense of place and a sense of purpose. So we're going to have to consider new ways of thinking about these problems, like a...
  • The EU and Japan Just Signed a Monumental Free-Trade Deal

    07/17/2018 4:33:29 PM PDT · by Berlin_Freeper · 17 replies
    fortune.com ^ | July 17, 2018 | Renae Reints
    The European Union and Japan signed a monumental trade deal Tuesday, eliminating nearly all tariffs between the entities in one of the world’s largest free-trade deals. The pact, signed in Tokyo, covers a third of the global economy, the Associated Press reports.
  • Chicago could soon test universal basic income program

    07/17/2018 2:29:33 PM PDT · by Red Badger · 52 replies
    www.foxnews.com ^ | 07/17/2018 | By Benjamin Brown
    Chicago may soon become the largest municipality in the U.S. to test a universal basic income program. Chicago alderman Ameya Pawar recently proposed legislation that would provide 1,000 families with a $500 monthly stipend -- no questions asked. The bill already has the backing of the majority of city lawmakers, and Pawar hopes to soon work with Mayor Rahm Emanuel to implement the pilot program, The Intercept reported. “Nearly 70 percent of Americans don’t have $1,000 in the bank for an emergency,” Pawar told the outlet. “UBI could be an incredible benefit for people who are working and are having...
  • Apple removes Qanon fringe conspiracy theory application from the App Store

    07/17/2018 1:17:50 PM PDT · by Red Badger · 25 replies
    9to5mac.com ^ | Jul. 16th 2018 9:03 pm PT | Chance Miller
    An app meant to keep readers informed about the Qanon conspiracy theory has been removed from the App Store. As first reported by NBC News, the “QDrops” application would send users alerts for new developments in the theory, but was pulled by Apple on grounds of violations of its App Store Guidelines… QDrops, developed by a “husband and wife team” from North Carolina, originally launched on iOS back in April and peaked at No. 10 of all paid applications in the App Store and No. 1 in the entertainment category. The app was available for $0.99, which means Apple was...
  • Thank the Lord Donald Trump Is Not an 'Intellectual'

    07/17/2018 8:21:13 AM PDT · by rktman · 24 replies
    americanthinker.com ^ | 7/17/2018 | David Solway
    I recently participated in an email chain with conservative writers and thinkers on the inexhaustible subject of Donald Trump. Some of my correspondents, while supporting Trump as a political champion, regretted his "coarseness." He is, they alleged, rather too crude and rough hewn to comport with their ideal of proper presidential stature. Now I can understand that if Trump behaved like Hillary, prone to hysterics, outrageous and mendacious attacks on opponents, and perpetual grievance-mongering, one might regard him as unmannerly, unstable, and preposterous, as a truly "coarse" human being with a crippling behavior problem. If he had bevies of mistresses...
  • How Trump Can Lower Drug Prices

    07/17/2018 8:16:27 AM PDT · by SeekAndFind · 20 replies
    Townhall ^ | 07/17/2018 | Steve Moore
    One of Donald Trump's more memorable promises on the campaign trail was to lower the cost of prescription drugs. Polls show this issue remains popular with Americans, especially lower-income families, who are worried about high drug prices. Of course, the entire concept of drug prices' being "too high" is subjective. Drugs are too expensive ... compared with what? Certainly not compared with not having the drugs available at all. If you suffer from the intense pain of migraine headaches or have been diagnosed with lung cancer, how much would you pay for a drug to help you? I have friends...
  • Prof. Walter Williams: Shooting Ourselves in the Foot -- Here's a Better Alternative to Tariffs

    07/17/2018 7:50:43 AM PDT · by SeekAndFind · 45 replies
    Frontpage Mag ^ | 07/17/2018 | Walter Williams
    The Canadian government, lining the pockets of its dairy producers, imposes high tariffs on American dairy imports. That forces Canadians to pay higher prices for dairy products. For example, Canadians pay $5.24 for a 10.5-ounce block of cheddar. In Washington, D.C., that same amount of cheddar sells for $3.64. Canadians pay $3.99 for a 1-pound container of yogurt. In Washington, D.C., you can get nearly twice as much yogurt for a little over $4. It's clear that the Canadian government's tariffs screw its citizens by forcing them to pay higher prices for dairy products. What should the U.S. response be...
  • Subsidies Galore: Corporate Welfare For The Politically-Connected Businesses Is Bipartisan

    07/17/2018 7:33:09 AM PDT · by SeekAndFind · 4 replies
    IBD ^ | 07/17/2018
    Congress created the usual special interest frenzy with its latest iteration of the Farm Bill. Agricultural subsidies are one of the most important examples of corporate welfare, money handed out to businesses based on political connections. Business plays a vital role in a free market. In real capitalism there are no guaranteed profits. But corporate welfare eliminates this handicap for the well-connected. Business subsidies that allow politicians to channel economic resources toward their preferred ends distort investment and trade. Moreover, turning government into an engine of illicit profit encourages what economists call rent-seeking. Well-organized special interests usually triumph over the...
  • Exclusive: Young Republicans Dumped At A ‘Random’ Gas Station By Anti-Trump Uber Drive(T)

    07/17/2018 6:37:13 AM PDT · by rktman · 53 replies
    dailycaller.com ^ | 7/16/2018 | Stephanie Hamill
    It ain’t easy being a conservative these days. New reports are popping up every week about conservatives being denied service at restaurants and now even from a ride-sharing company solely because of their political beliefs. Six Republican campaign volunteers have a similar story. They say they were kicked out of an Uber on Saturday in Raleigh, North Carolina, as their driver told them “welcome to the resistance.” Mary Russell, a volunteer, and Chris Godbey, the Executive Director of the Young Republicans National Federation, sat down with the Daily Caller to share their horrifying experience. Their crime? Talking politics amongst themselves...
  • China's Trade Surplus With the US hits record high

    07/16/2018 5:34:11 PM PDT · by cba123 · 4 replies
    Express Newsline ^ | 7/16/2018
    Mr Juncker was accompanied by the President of the European Council, Donald Tusk, who warned that worsening trade tensions could lead to conflict. Instead of working with us to address a common problem, some of our trading partners have elected to respond with retaliatory tariffs created to punish American workers, farmers and companies. "It is the common duty of Europe and China, but also America and Russian Federation, not to destroy (the global trade order) but to improve it, not to start trade wars which turned into hot conflicts so often in our history", EU Council President Donald Tusk said...
  • Netflix shares tank after subscriber numbers miss targets

    07/16/2018 2:21:03 PM PDT · by Textide · 80 replies
    Yahoo News ^ | July 16, 2018 | By Lisa Richwine and Vibhuti Sharma, Reuters
    (Reuters) - Netflix Inc's subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday. The company's total monthly customers reached 130 million worldwide, 1 million fewer than forecasts from Thomson Reuters I/B/E/S, as it added new programming including "Lost in Space" and new episodes of Marvel's "Jessica Jones" and "13 Reasons Why." "We had a strong but not stellar Q2," Netflix said in a quarterly letter to shareholders. Netflix said it had "over-forecasted" quarterly fluctuations in the pace of new customers. Before the earnings report, Netflix shares had...
  • President and the Erzatz Tsar

    07/16/2018 1:55:38 PM PDT · by WWII_Historian · 2 replies
    Gary Gindler Chronicles ^ | July 16, 2018 | Gary Gindler
    ... Putin made his first mistake in 2013 when he did not permit Trump to build a hotel in Russia. He made his second mistake in 2016 when he did not respond to a letter from Trump's lawyer about the assistance in the building of the same Trump Tower in Moscow. There was a message sent to the public e-mail address of the Putin’s spokesman, and it received no answer. Of course, we've known for a long time that not responding to business letters is a part of modern Russian culture, but Trump is used to an entirely different treatment....
  • In a Tight Labor Market, Retirees Fill Gaps Their Previous Employers Can’t

    07/16/2018 9:56:43 AM PDT · by SeekAndFind · 14 replies
    New York Times ^ | 07/16/2018 | Claudia Dreifus
    Soon after Ilana Benet retired from her job as a labor and delivery nurse, it hit her: She missed the babies. And her employer missed her. Ms. Benet, a registered nurse, had worked at Montefiore Health System in the Bronx for 40 years before retiring two years ago at age 60. As a grandmother of 10, Ms. Benet wanted to spend more time with her family. But she quickly realized — within weeks — that she wasn’t ready for full retirement. Montefiore was ready to welcome her back. The hospital system developed an informal program to rehire some retired nurses...
  • Rolls-Royce unveils ‘flying taxi’ at Farnborough Airshow

    07/16/2018 8:59:51 AM PDT · by Krosan · 15 replies
    City A.M ^ | Sunday 15 July 2018 | Kathryn Gaw
    Rolls-Royce has released plans for a flying taxi that could be taking to the skies in the early 2020s. The British manufacturer will unveil its designs for an electric vertical take-off and landing (EVTOL) vehicle at the Farnborough Airshow, which will be officially opened by Prime Minister Theresa May tomorrow. The air show is one of the biggest events in the aviation calendar, and May is expected to use the occasion to announce a slew of new initiatives to boost employment and growth in the UK’s aerospace industry, and to protect the supply chains that companies such as Bombardier, Rolls-Royce...
  • Bombshell Bourdain interview is published one month after his suicide: Celebrity chef unloads ...

    07/16/2018 6:37:06 AM PDT · by Red Badger · 47 replies
    www.dailymail.co.uk ^ | Updated: 07:48 EDT, 16 July 2018 | By Emily Crane
    <p>Bourdain, one of the most outspoken male supporters of the #MeToo movement, said he would have liked to see the producer 'beaten to death in his cell'</p> <p>He also touched on politics in the Trump-era saying he would compromise his principles for some 'f**king competency'</p>
  • EU pushes China on trade, saying it could open up if it wanted

    07/16/2018 2:40:11 AM PDT · by cba123 · 8 replies
    Reuters ^ | 7/16/2018 | By Christian Shepherd and Michael Martina
    BEIJING (Reuters) - China could open its economy if it so wished, European Commission President Jean-Claude Juncker said on Monday, with the European Union calling on countries to avoid a trade war even as pressure mounts on Beijing over its industrial policies. Playing host to Juncker and European Council President Donald Tusk, Chinese Premier Li Keqiang stressed the need to uphold free trade and multilateralism as the United States and China become increasingly mired in a trade dispute, with no sign of negotiations on the horizon. U.S. President Donald Trump has warned he may ultimately impose tariffs on more than...
  • This is the 'biggest bubble in the history of mankind and it's going to burst,' Ron Paul says

    07/16/2018 2:18:26 AM PDT · by cba123 · 62 replies
    MSN / CNBC ^ | 4 hours ago | Keris Lehiff
    Look to the stock market and you'd assume Wall Street was doing just fine. The S&P 500 has come back to March highs, the Dow is back to positive for 2018, and the Nasdaq is at fresh records. It's all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul. This market is in the "biggest bubble in the history of mankind," and when it bursts, it could cut the stock market in half, he told CNBC's "Futures Now" Thursday. (please see full story at link)
  • China’s economic growth cools amid trade tensions

    07/15/2018 9:10:45 PM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Jul. 15, 2018 10:43 PM EDT | Joe McDonald
    China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected growth to cool after Beijing started tightening controls on bank lending last year to rein in surging debt. Economic activity is expected to decline further as global demand for Chinese exports weakens and lending controls weigh on construction and investment, major contributors to growth. Beijing has responded to previous downturns...