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Business/Economy (News/Activism)

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  • The Ohio Turnpike gears up for self-driving car testing

    08/26/2016 7:04:59 AM PDT · by Tolerance Sucks Rocks · 11 replies
    13 ABC ^ | August 25, 2016 | Lissa Guyton
    TOLEDO (13abc Action News) - Self-driving cars are getting closer to becoming a reality in America. Testing is underway in a few places around the country and if you travel the Ohio Turnpike, you'll soon be sharing the road with them. We spoke with drivers and the head of the Ohio Turnpike Commission about the testing. The autonomous vehicles could be on the turnpike by the end of the year. The Ohio Turnpike will be turned into a test track of sorts for the emerging technology. Randy Cole is the Executive Director of the Turnpike Commission, "It's 241 miles of...
  • US economy grew at tepid 1.1 percent pace in spring

    08/26/2016 6:57:14 AM PDT · by maggief · 7 replies
    AP ^ | August 26, 2016 | CHRISTOPHER S. RUGABER
    WASHINGTON (AP) — The U.S. economy expanded at a sluggish pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. The Commerce Department said Friday that gross domestic product, the broadest measure of the economy, increased at an annual rate of 1.1 percent in the April-June quarter. That is slightly below its previous estimate last month of 1.2 percent growth.
  • Big Labor Tries To Eliminate Right-To-Work By Lawsuit

    08/26/2016 6:41:53 AM PDT · by reaganaut1 · 4 replies
    Forbes ^ | August 25, 2016 | George Leef
    If the judge is on your side, you can win a case despite pathetic arguments. So if the cost of losing is near zero and the possible gain from winning is huge, why not launch a suit and see what happens? That’s the thinking behind a case challenging Idaho’s Right to Work (RTW) statute on the grounds that the state is taking property that belongs to labor unions when it allows workers to keep their jobs even if they don’t pay the dues demanded by the union. The theory of the suit is that Idaho’s law (and, logically, all other...
  • The Comeback of Middle Wage Jobs

    08/26/2016 3:43:31 AM PDT · by expat_panama · 34 replies
    Real Clear Markets ^ | August 26, 2016 | Robert Samuelson
    One of the economy's bright spots is the job market - and it may be even brighter than it seems. Not only are there more jobs (1.3 million so far in 2016), but they may be better-paying, according to a new analysis by economists at the Federal Reserve Bank of New York. The Fed economists report that middle-wage workers - earning roughly $30,000 to $60,000 - represent the fastest growing segment of the labor market. By contrast, earlier in the recovery, low-wage and high-wage jobs dominated employment increases. The labor market was supposedly becoming economically "polarized," just as society was...
  • Burden of Health-Care Costs Moves to the Middle Class

    08/25/2016 8:06:38 PM PDT · by Brilliant · 17 replies
    WSJ ^ | Aug 25, 2016 | Anna Louie Sussman
    Growth in overall health-care spending is slowing, but middle-class families’ share of the tab is getting larger, squeezing households already feeling stretched financially. Overall, health-care spending across the economy reached 18.2% of gross domestic product as of June, up from 13.3% in 2000, according to Altarum Institute, a health research group. However, the mix of who pays has evolved. The government has taken on a larger share in recent years as more people age into Medicare, and the Affordable Care Act expanded Medicaid and provided subsidies for low-income people buying insurance on state exchanges. Middle-class households are finding more of...
  • Laura Perrins: Working class men turn their backs on work

    08/25/2016 5:04:25 PM PDT · by annalex · 89 replies
    The Conservative Woman ^ | 22nd August 2016 | Laura Perrins
    Laura Perrins: Working class men turn their backs on work By  Laura Perrins Something strange is going on with the working class men of America. Many in this class of men are no longer working, and it is not for the lack of jobs.As Charles Murray explains in White America – while upper middle class men (and their wives) work more and more, working-class men work less and less to such and extent that we must insert those quotes – the working class man, is now the ‘working’ class man. This phenomenon has caught the attention of the White...
  • Leaked memo shows how George Soros planned to overthrow Vladimir Putin and destabilise Russia

    08/25/2016 4:16:04 PM PDT · by amorphous · 91 replies
    The Duran ^ | 25 August 2016 | Alex Christoforou
    DC Leaks documents detail how dangerous the Open Society and George Soros were to the preservation of the Russian Federation. While Soros has managed to thoroughly destabilise the European Union by promoting mass immigration and open borders, divided the United States by actively funding Black Lives Matters and corrupting the very corruptible US political class, and destroyed Ukraine by pushing for an illegal coup of a democratically elected government using neo-nazi strong men…one country that Soros has not bee able to crack has been The Russian Federation. Russia’s political pragmatism and humanist value system rooted in a traditional, “nation-state” culture...
  • Obama on national deficit: I didn’t build that

    08/25/2016 3:41:17 PM PDT · by HomerBohn · 40 replies
    Personal Liberty ^ | 8/25/2016 | Sam Rolley
    President Barack Obama’s White House is taking a lame-duck approach to dealing with the nation’s spiraling budget deficit, telling reporters this week that it’s the next administration’s problem. The Congressional Budget Office on Tuesday increased its projection for the national budget deficit in 2016 to $590 billion— that’s $56 billion more than it predicted in March. The nation’s money-watchers blamed the lagging economy’s impact on corporate tax revenues coupled with increases in mandatory government spending for the projected deficit increase. From the CBO: The deficit is growing in 2016 because revenues are up only slightly, by less than 1...
  • Recovering From the Post-Great Recession "Recovery"

    08/25/2016 3:26:50 PM PDT · by HomerBohn · 16 replies
    The New American ^ | 8/25/2016 | Robert McLaughlin
    By popular measures, the U.S. economy is in the midst of one of the longest economic recoveries in its history. After all, the current economic expansion — now 85 months and counting — is the fourth-longest since 1857. As reported by the Bureau of Labor Statistics, the U3 unemployment rate was 4.9 percent in July, less than half the level seen during the depths of the Great Recession. Meanwhile, the housing market is booming and the stock markets are hovering near their all-time highs. So why does the Real Clear Politics “Direction of Country” polling average indicate that Americans believe...
  • Romney Plays The Race Card (MSM called Romney a racist in 2012, Same'ole Same'ole)

    08/25/2016 2:44:38 PM PDT · by Titus-Maximus · 5 replies
    Time ^ | July 12, 2012 | Toure
    Mitt Romney went to the NAACP’s National Convention planning to get booed. It was no mistake. House Democratic Leader Nancy Pelosi told Bloomberg TV she believes “it was a calculated move on his part to get booed at the NAACP convention.” When Romney called the Affordable Care Act “Obamacare,” he purposely used a term that would not work with the audience in the room. When he said, “If you want a President who’ll make things better in the African-American community, you are looking at him. Take a look!” he was virtually taunting them the way a pro wrestler who’s playing...
  • Political injection: EpiPen maker offers discount after public outrage

    08/25/2016 12:28:27 PM PDT · by amorphous · 44 replies
    RT.com ^ | 25 August 2016
    Makers of the EpiPen auto-injector said they would offer a 50 percent discount after public outrage over a 500-percent price hike. Hillary Clinton was among those calling for the price reduction – and her supporters were quick to give her all the credit. EpiPen administers a quick dose of epinephrine to counter a severe, life-threatening allergic reaction known as anaphylaxis. The easy-to-use injector is made by West Virginia-based Mylan Pharmaceuticals, which bought the rights to it in 2007. Since then, the price of the EpiPen has skyrocketed, going from $100 to $600. On Thursday, Reuters seemed to give Clinton the...
  • Dear Congress: Have You Received Money From These Pharma Companies

    08/25/2016 12:01:52 PM PDT · by amorphous · 11 replies
    Zero Hedge ^ | 25 July 2016 | Tyler Durden
    We have been following the latest melodrama involving a "greedy" Mylan, and numerous "humanistic" US politicians, all the way up to the Democratic presidential candidate, exchange blows over the company's dramatic price increases of its EpiPen anti-allergy medication, with a healthy dose of amusement for one simple reason: if Congress wants to crack down on someone, it should crack down on itself. After all, the only reason Mylan has been able to pass the kinds of price increases that Congress is now blasting it for, is because of US laws and regulations; laws which incidentally, have been determined in Washington's...
  • Garment factories to buy into automation [Cambodia]

    08/25/2016 11:01:42 AM PDT · by C19fan · 1 replies
    Phnom Penh Post ^ | August 23, 2016 | Hor Kimsay
    Investors in Cambodia’s garment industry are increasingly purchasing modern equipment as they look to produce higher value-added products to compete in the international market and counter rising labour costs, an industry insider said yesterday. Ly Tek Heng, operation manager at the Garment Manufacturers Association in Cambodia (GMAC), said rising factory worker wages were thinning margins on the production of low-value garments and footwear in the face of fierce global competition.
  • Key House Republican to Unveil Sales Tax Plan for Purchases Across State Lines

    08/25/2016 10:49:55 AM PDT · by JeepersFreepers · 42 replies
    The Wall Street Journal ^ | August 24, 2016 | Richard Rubin
    A top House Republican [Bob Goodlatte (RINO, Va.)] will release a new proposal in coming days that attempts to resolve the long-running dispute among retailers, state governments and online retailers over how to tax purchases made across state lines. ... sales would be taxed according to the tax base of the retailer and a single tax rate chosen by the consumer’s state, a Judiciary Committee aide said. So, for example, an Ohio company shipping a pair of pants to Maryland would use Ohio’s rules for taxing clothing and Maryland’s tax rate. Currently, that seller only collects taxes on the sale...
  • Florida AG Shuts Down Boynton Beach Tech Support Scam

    08/25/2016 10:31:45 AM PDT · by KeyLargo · 13 replies
    CBS Miami ^ | August 24, 2016
    Florida AG Shuts Down Boynton Beach Tech Support Scam August 24, 2016 11:12 AM TALLAHASSEE (CBSMiami) – A Boynton Beach tech support company which reportedly scammed its customers out of $25 million has been temporarily shut down again by court order, according to Florida’s Attorney General’s Office. The company Client Care Experts, formerly known as First Choice Tech Support, LLC, is owned by CEO Michael Seward and his partner Kevin McCormick. The state’s Attorney General’s Office said the operation was run out of a boiler room in Boynton Beach and employed more than 200 telemarketers at the location. The court...
  • Cartoonist’s Website Suspended After Posting Mocking Clinton Cartoon

    08/25/2016 7:42:44 AM PDT · by servo1969 · 63 replies
    Breitbart.com ^ | 8-24-2016 | BEN KEW
    Popular conservative cartoonist Ben Garrison had his website suspended for the third time after he published a mocking cartoon of Hillary Clinton.
  • Sportsman's Center to cease arms rental and ammunition sales

    08/25/2016 5:38:48 AM PDT · by SandRat · 16 replies
    Sierra Vista Herald ^ | Tanja M. Linton, Fort Huachuca Media Relations Officer
    FORT HUACHUCA — The Directorate of Family and Morale, Welfare and Recreation is facing a more than $500,000 cut to recreation programs starting Oct. 1. As a result, DFMWR had to make tough and potentially unpopular decisions to rebalance its assets and make every dollar count. Up to this point, some recreation programs have been subsidized. This is no longer possible and passing along the costs associated with these services is prohibitive, especially within Outdoor Recreation. Outdoor Recreation and the Sportsman's Center will continue all services with the exception of arms rental and ammunition sales, which will end Aug. 28.
  • What Is The Alt Right?

    08/25/2016 4:22:01 AM PDT · by servo1969 · 116 replies
    Dailycaller.com ^ | 8-24-2016 | Scott Greer
    Hillary Clinton is set to deliver an entire speech on Donald Trump’s scary connections to a phenomenon known as the “alt right.”If you paid deep attention to the news during this election cycle, you might have heard the term in passing during some CNN and MSNBC segments. When used by journalists, it basically denotes online white supremacists who love Trump.Last week, the alt right earned its most attention yet after Trump announced Breitbart News CEO Steve Bannon was joining his campaign as its new executive. Breitbart has gained a reputation among some journalists as a platform the alt right due...
  • Federal Deficits Explode — Is Anyone Paying Attention?

    08/25/2016 4:08:47 AM PDT · by expat_panama · 45 replies
    Investors Business Daily ^ | August 24, 2016 | Editorial
    Red Ink: The Congressional Budget Office says the federal deficit will be 33% higher than last year's. Over the long term, the deficit picture is just as bleak. But on campaign trail, this looming threat gets zero attention from either Hillary Clinton or Donald Trump. The CBO's updated budget projections show that federal government's fiscal outlook has worsened considerably over the past year. Red ink in fiscal year 2016, which ends on Sept. 30, will hit $590 billion. That's much worse than the CBO had expected just a few months ago... ...the CBO projects that in 10 years the annual...
  • Does your supermarket own part of your income? [TARIFFS ARE DUMB]

    08/25/2016 3:45:08 AM PDT · by expat_panama · 89 replies
    Trib Live ^ | Tuesday, Aug. 23, 2016 | Donald J. Boudreaux
    You work and get paid. To whom do your after-tax earnings belong? Do they all belong to you or does some portion of them belong to the neighborhood grocer whose store you patronize? Who should have first dibs on the money you've earned: you or the auto dealer who sold you the last car you bought? In both cases the correct answer indisputably seems to be “you.” But not so fast. Typical discussions of trade policy imply that the answers are “the grocer” and “the auto dealer.” When politicians promise to raise tariffs on imports, they are promising to penalize...
  • Coal towns hit by layoffs to get job grants from US gov't

    08/24/2016 7:52:52 PM PDT · by Olog-hai · 37 replies
    Associated Press ^ | Aug 24, 2016 5:26 PM EDT | John Raby
    Communities in nine U.S. states that have been hard-hit by coal layoffs are being promised more than 3,000 jobs in several industries through a multimillion-dollar federal grant. Officials for the Appalachian Regional Commission and other agencies announced the 29 projects totaling nearly $39 million Wednesday at a news conference in Huntington, West Virginia. The investments are expected to create or retain more than 3,400 jobs in agriculture, health care, manufacturing, technology and other industries. The projects are intended to help communities in Texas and in eight Appalachian states: Alabama, Kentucky, Mississippi, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia. …
  • Trump: I Will Label China A Currency Manipulator And Enforce WTO Rules They Break

    08/24/2016 1:52:17 PM PDT · by Innovative · 3 replies
    Real Clear Politics ^ | Aug. 24, 2016 | Tim Hains
    In a speech in Tampa Wednesday afternoon, Donald Trump outlined a seven-point plan to bring millions of jobs to the U.S. He proposed renegotiating trade agreements like the Trans-Pacific Partnership and NAFTA and also challenging China for "illegal activities." "I am going to instruct my Treasury Secretary to label China a currency manipulator," he said. "Any country that devalues their currency in order to take unfair advantage of the United States will face tariffs to stop the cheating." "I am going to instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the...
  • RIO 2016: Empty seats, green pools, chaotic transport and disgusting accommodation [tr]

    08/24/2016 1:47:40 PM PDT · by pabianice · 22 replies
    Daily Mail ^ | 8/24/16 | Hardman
    Major problems swept under the carpet as Rio successes are praised Poverty and crime continues in the Brazilian capital after athletes leave 'Pot is empty' just two weeks before Paralympics due to begin Standing in a rainy, unfilled stadium on Sunday night, bringing the curtain down on Rio 2016, the president of the International Olympic Committee (IOC), Thomas Bach, invited us all to admire the emperor’s new clothes. ‘These were marvellous Olympic Games in THE marvellous city!’ the German fencer-turned-lawyer proclaimed. As he and the rest of the IOC head for home this week, it’s easy to picture them sinking...
  • President designates National Monument in northern Maine woods

    08/24/2016 12:46:27 PM PDT · by Enchante · 40 replies
    WMTW ^ | August 24, 2016 | Staff
    The national monument designation has faced opposition in the region. Gov. Paul LePage released a statement Tuesday afternoon condemning the land donation. "That's one way to get out of paying taxes to the state of Maine," he said. "It's sad that rich, out-of-state liberals can team up with Obama to force a national monument on rural Mainers who do not want it." The governor did not stop to talk to reporters Wednesday afternoon after an event in Portland, but his office released a statement. “President Obama is once again taking unilateral action against the will of the people, this time...
  • Airlander 10: Longest aircraft damaged during flight

    08/24/2016 10:40:38 AM PDT · by EveningStar · 28 replies
    BBC News ^ | August 24, 2016
    The world's longest aircraft - the Airlander 10 - has been damaged after nosediving on landing during its second test flight. The 302ft (92m) long aircraft - which is part plane and part airship - was damaged during the flight from Cardington Airfield in Bedfordshire.
  • FACEBOOK SNOOPING ADMISSION Here are the alarming 98 facts and secrets Facebook knows about YOU

    08/24/2016 10:28:43 AM PDT · by 867V309 · 24 replies
    thesun.co.uk ^ | 24th August 2016 | JASPER HAMILL
    WHO knows the most about you?You might say it’s your partner or perhaps your mum, assuming you’ve had the sort of tame life a parent would find acceptable.But you’d be wrong, because tech companies now have more information about you than almost anyone else.
  • U.S. Traffic Fatalities Continued to Surge in First Half of 2016

    08/24/2016 8:06:12 AM PDT · by KeyLargo · 68 replies
    The Wall Street Journal ^ | August 23, 2016 | Beckie Strum
    U.S. Traffic Fatalities Continued to Surge in First Half of 2016 Deaths rose 9%, extending a trend that began two years ago as the economy improved and travel increased Traffic fatalities were up 9% in the first six months of this year compared with the same period last year. By Beckie Strum Traffic fatalities rose 9% in the first six months of 2016, compared with a year earlier, as a stronger economy and falling gas prices encouraged Americans to spend more time behind the wheel, the National Safety Council said on Tuesday. Traffic fatalities have been trending upward since 2014,...
  • Meet the CEO of Gab, The Free Speech Alternative to Twitter

    08/24/2016 7:56:10 AM PDT · by servo1969 · 19 replies
    Breitbart.com ^ | 8/23/2016 | CHARLIE NASH
    I recently got the chance to sit down and talk to Andrew Torba, CEO of Gab.ai, a new freedom of speech-focused social network. Though the Twitter-style network was only launched last Monday and is still very much in early beta, thousands of people are currently waiting in line for an invitation to the service, which aims to act as a shelter for freedom of speech and expression. ------- AT: It's been an incredible week, in just four days 10,000 people registered for our beta through nothing but word of mouth. Our mission is to put people and free speech first....
  • Cheap Gun Opportunity/Profitable Gun Turn in; Minneapolis 27 August, 2016

    08/24/2016 7:53:21 AM PDT · by marktwain · 21 replies
    Ammoland ^ | 24 August, 2016 | Dean Weingarten
    -(Ammoland.com)- There will be a gun turn in event on Saturday, 27 August, 2016 in Minneapolis, Minnesota.  While these events are commonly labelled with the propaganda term “buyback” the guns were never owned by the people attempting to buy them.The event will be held at two locations: Fire Station 17 at 330 E 38th St. in south Minneapolis; Fire Station 14 at 2002 Lowry Ave N in north Minneapolis.  Compensation will be in the form of Visa gift cards. The event will run from 10 a.m. to 6 p.m. The compensation offered at this event is very generous when compared...
  • The Clinton Foundation: Hopelessly Corrupt Or Just A Lousy Charity?

    08/24/2016 3:56:11 AM PDT · by IBD editorial writer · 43 replies
    Investor's Business Daily ^ | 8/23/2016 | Staff
    Public Corruption: As the unseemly ties between the Clinton Foundation and Hillary Clinton's State Department become more glaring and disturbing, the rhetoric from the Democratic side is getting more desperate. Now Clinton hatchet man James Carville says critics of the foundation are going to hell. Over the past two weeks, it has become painfully obvious to anyone but the most hard-core Clinton loyalist that the Clinton Foundation was little more than an influence-peddling operation designed to exchange cash for favors from Bill and Hillary Clinton. We noted in this space yesterday that a fresh batch of emails showed how the...
  • 45 Years Without Gold

    08/24/2016 3:29:29 AM PDT · by expat_panama · 25 replies
    Mises Whire ^ | 08/22/2016 | Daniel Fernández Méndez
    When World War I began, many analysts believed that the international gold standard would keep the war short. A war of attrition was not thought to be possible because the disciplining effects of the gold standard — capital flight and gold outflow — were supposed to restrain the ability of states to mobilize resources in times of war. As many believed at the time, states under the gold standard would quickly run out of money to pay for soldiers and resources. No one ever imagined that the war would last four long years and that most countries would stop using...
  • Frankfurt attempts to charm banks away from London

    08/24/2016 12:43:44 AM PDT · by Olog-hai · 4 replies
    TheLocal.de ^ | 24 Aug 2016 08:54 GMT+02:00 | AFP
    The marketing team of Frankfurt never expected its English-language dummy website to attract new businesses would actually go live after Britain’s European Union referendum. “We hadn’t really assumed that we would need the site at all,” spokeswoman Michaela Kahle told AFP, as the team thought Britons would surely vote “Remain”. But as it turned out, the Welcome to FrankfurtRheinMain site was not only put to good use, but has become a hit, with 27,000 views since Britain stunned the world by deciding to leave the bloc. Quickly recovering from the shock, Kahle and her colleagues kicked into action, fielding inquiries...
  • Howard Johnson's restaurant to close, leaving only 1 more (Maine)

    08/23/2016 7:32:32 PM PDT · by RightGeek · 198 replies
    WRAL/AP ^ | 8/23/2016 | David Sharp
    BANGOR, Maine — The closing of one of the last two Howard Johnson restaurants in a couple of weeks will mark the end of its fried clam strips, ice cream and other menu staples that nourished baby boomers and leave the once-proud restaurant chain teetering on the brink of extinction. The slice of roadside Americana will no longer be served up in Bangor after Sept. 6. For waitress Kathe Jewett, it's the only job she's held since starting work when the restaurant opened in 1966. "It's bittersweet, but it's nothing to be sad about," the 68-year-old Jewett insisted Tuesday during...
  • The Postal Service is losing millions a year to help you buy cheap stuff from China

    08/23/2016 6:17:40 PM PDT · by Paul R. · 49 replies
    Washington Post ^ | September 12, 2014 | Jeff Guo
    ...All of this is little comfort to McGrath, who chafes at the thought of the Postal Service helping Chinese merchants poach his customers. “All of us sellers are selling a lot of Chinese goods in America but at least we’re creating jobs, making money, and adding to the economy,” he said. “But when people buy direct from China that’s adding nothing to the American economy.”
  • Read Andrea Tantaros’ complaint against Roger Ailes and Fox News

    08/23/2016 2:55:01 PM PDT · by iowamark · 123 replies
    LA Times ^ | Aug. 23, 2016
    An­drea Tantaros filed a law­suit with the Su­preme Court of the State of New York against Ro­ger Ailes, Fox News, Wil­li­am Shine, Di­anne Brandi, Irena Brig­anti and Su­z­anne Scott. In the com­plaint, she called Fox News a “sex-fueled Play­boy Man­sion-like cult.”
  • Young Turks’ Uygur Thinks Hannity Advising Trump is Proof They’re Building Media Company

    08/23/2016 2:04:42 PM PDT · by drewh · 43 replies
    Mediaite.com ^ | 1:30 pm, August 23rd, 2016 | by Lindsey Ellefson
    The theory that Donald Trump is preparing for a defeat at the polls in November by planning to launch a media company is really picking up momentum. The rumors started swirling earlier this summer. After a few op-eds came out about the idea last week, CNN tackled it this weekend. Now that Fox News’ Sean Hannity has revealed himself to be informally advising Trump, The Young Turks took it on, too: Cenk Uygur mentioned in a broadcast that Hannity, Steve Bannon, and Roger Ailes, all of whom have been rumored — with varying levels of confirmation — are big in...
  • Aussie drug melting cancer cells approved for human use in U.S.

    08/23/2016 1:10:55 PM PDT · by Red Badger · 16 replies
    news.xinhuanet.com ^ | 2016-08-23 09:18:36 | Source: Xinhua
    MELBOURNE, Aug. 23 (Xinhua) -- A tablet developed in Melbourne that "melts away" cancer cells has been approved for use in the United States. The U.S. Food and Drug Administration (FDA) announced on Tuesday that venetoclax was approved for prescription outside of human trials for patients with chronic lymphotic leukemia (CLL). Venetoclax, which overwhelms the BCL-2 protein that is vital to cancer cell survival, was developed in Melbourne in the 1980s after researchers at the Walter and Eliza Hall Institute of Medical Research (WEHI) discovered the importance of BCL-2. WEHI's head of clinical translation, Professor Andrew Roberts, said that 80...
  • Graduate Students Clear Hurdle in Effort to Form Union

    08/23/2016 12:46:26 PM PDT · by oblomov · 37 replies
    NY Times ^ | 23 Aug 2016 | NOAM SCHEIBER
    Students who work as teaching and research assistants at private universities will be allowed to vote to unionize under a ruling Tuesday by the National Labor Relations Board that found that they are employees under federal labor law. The case arose from a union election petition filed by a group of primarily graduate students at Columbia University, who are seeking to form a union that will join the United Automobile Workers. The three Democratic members of the board made up the majority; the lone Republican member dissented. A fifth spot on the board has been vacant since last year. The...
  • Do colleges + universities=economic growth?

    08/23/2016 9:01:57 AM PDT · by Academiadotorg · 19 replies
    Accuracy in Academia ^ | August 23, 2016 | Malcolm A. Kline
    Academics have been arguing for decades that colleges and universities are engines of economic growth. Now they seem to have scientific proof, or do they? "We estimate fixed effects models at the sub-national level between 1950 and 2010 and find that increases in the number of universities are positively associated with future growth of GDP per capita (and this relationship is robust to controlling for a host of observables, as well as unobserved regional trends)," Anna Valero and John Van Reenen, of the London School of Economics, write in a working paper that they published this month at the National...
  • What Facebook REALLY knows about you: Firm reveals the 98 pieces of data it uses to target ads...

    08/23/2016 7:40:27 AM PDT · by snarkpup · 47 replies
    UK Daily Mail ^ | Updated: 16:50 EST, 22 August 2016 | Stacy Liberatore
    Facebook users are constantly being bombarded with ads, but sometimes one shows up on the screen that is so well-suited, it's as if the site has tapped into your thoughts. ... 'The majority of promoted topics that I see in my Facebook feed are relevant to my interests, and they're worth clicking on more often.' However, others are not sold that Facebook's methods are completely innocent. Peter Eckersley, the chief computer scientist at the Electronic Frontier Foundation, calls them 'the most invasive in the world.' 'Facebook's business model is to amass as much first-party and third-party data on you as...
  • CLSA: "The Bank Of Japan Has Nationalized The Japanese Stock Market"

    08/23/2016 6:42:23 AM PDT · by Rockitz · 3 replies
    ZeroHedge.com ^ | 23 August 2016 | Tyler Durden
    Following the recent announcement by the BOJ that it would double its ETF purchases to ¥6 trillion, or $58 billion, up from the current ¥3.3 trillion, which is the equivalent to the Fed purchasing $580 billion in ETFs over the next two years, we noted that according to a Bloomberg analysis this would make the Bank of Japan the top shareholder of 55 companies by the end of 2017. It should, therefore, come as no surprise that as CLSA's Nicholas Smith wrote in a research report, the "BOJ is nationalizing the stock market" because that is precisely what it is...
  • For the first time, a county in America has lost all of its Obamacare insurers

    08/23/2016 4:59:36 AM PDT · by snarkpup · 46 replies
    Business Insider ^ | Aug. 22, 2016, 10:08 AM | Bob Bryan
    Cox told Business Insider that the situation in Pinal County will likely raise calls for a public option, or a government-run health insurance option similar to Medicare or Medicaid.
  • Jackson Hole: the three tough questions central banks must ask themselves

    08/23/2016 4:20:56 AM PDT · by expat_panama · 13 replies
    The Telegraph ^ | 22 August 2016 • 5:32pm | Matthew Lynn
    ....men and women who control the global monetary system get together for three days to debate the challenges facing the world economy – and how they might use monetary policy to fix it. This year’s title is “Designing Resilient Monetary Policy Frameworks for the Future”... ...Here are three good ones to start with: is quantitative easting actually working? Have we broken the banking system? And isn’t it time to update economic models that no longer tell us much about the real world? First, why isn’t QE working the way it was meant to? For a long time, central bankers were...
  • Rio Olympics Closing Ceremony Ratings Lose Almost 50% Of London 2012 Viewers

    08/22/2016 4:27:33 PM PDT · by SkyPilot · 56 replies
    Deadline Hollywood ^ | 22 Aug 16 | Dominic Patten
    On the Tube in London there’s a sign saying “Mind The Gap” to warn riders to be careful when stepping on the train – NBC might want to pay attention to the expression when it comes to Olympics ratings. With a 4.0/14 rating among adults 18-49 and 16.85 million viewers for the Closing Ceremony of the Rio Games, NBC is looking at the worst Summer Olympics results in decades. Not only are fast affiliates down to the second lowest result of the 2016 Olympics for the Comcast-owned net’s primetime coverage but they took a whooping 56% fall in the...
  • Chicago Public Schools seeks $1.55 billion credit line

    08/22/2016 4:04:21 PM PDT · by upchuck · 29 replies
    Reuters ^ | Aug 22, 2016 | Karen Pierog
    CHICAGO The cash-strapped Chicago public school system will rely on a $1.55 billion line of credit in fiscal 2017 to boost cash flow, up from $1.065 billion in fiscal 2016, according to a briefing document released by the district on Monday. The bigger credit line will be on the agenda for the Chicago Board of Education's Wednesday meeting, along with a $5.4 billion operating budget, a $250 million property tax hike earmarked for teacher pensions and authorization to issue up to $945 million of general obligation bonds for capital projects. The nation's third-largest public school district said it needs access...
  • Zendaya's 'Spider-Man: Homecoming' Casting As Mary Jane Watson Sends Haters Into a Frenzy

    08/22/2016 2:09:22 PM PDT · by drewh · 81 replies
    Toronto Sun ^ | MONDAY, AUGUST 22, 2016 09:00 AM EDT | Steve Tilley
    Spider-Man has many powers: Wall-crawling, web-slinging… and race-bending. According to a story posted by The Wrap, 19-year-old Disney Channel star Zendaya is set to play Mary Jane Watson in next year’s Spider-Man: Homecoming, a re-reboot that will see young British actor Tom Holland as a high school-aged Peter Parker. This is a great idea. It’s 2016, why couldn’t – or shouldn’t – Spidey have a love interest who isn’t white? And many people agree, with Twitter and Facebook full of responses from folks who think a black Mary Jane is a fantastic choice. But, as always, there are pockets of...
  • 1,690-Page ‘Climate Change’ Reg Increases Cost of Tractor-Trailer Up to $15,119

    08/22/2016 11:04:42 AM PDT · by Olog-hai · 28 replies
    Cybercast News Service ^ | August 22, 2016 | 12:52 PM EDT | Terence P. Jeffrey
    The Environmental Protection Agency and the National Highway Traffic Safety Administration jointly issued a new regulation last week that is meant to help protect the world from “climate change” by limiting “greenhouse gas emissions” and improving fuel efficiency in medium- and heavy-duty vehicles operated in the United States. The 1,690-page regulation is approximately 700,000 words long. A “regulatory impact analysis” published by EPA and NHTSA estimates the regulation will add an average of as much as $13,749 to the cost of a tractor truck and $1,370 to a trailer, making some tractor-trailer combinations $15,119 more expensive in 2027 than they...
  • Clinton’s misleading citation of ’15 million jobs’ under Obama

    08/22/2016 7:13:25 AM PDT · by Leaning Right · 11 replies
    The Washington Post ^ | August 22, 2016 | Glenn Kessler
    If there’s one thing that drives the Fact Checker nuts, it’s a repeated talking point that is based on actual data but is obviously misleading. The Clinton campaign is clearly fond of saying that 15 million jobs — or, alternatively, 15 million private-sector jobs — were created in the Obama administration. Clinton frequently indicates that she’s talking about the entire Obama administration. She uses phrases such “than when they took office” or “in the last 7 1/2 years.” But that’s 5 million jobs too many.
  • Opinion: Here’s evidence the Fed is unlikely to hike rates before Election Day

    08/22/2016 3:35:02 AM PDT · by expat_panama · 18 replies
    Market Watch ^ | Aug 19, 2016 8:19 a.m. ET | Mark Hulbert
    <p>Does the Federal Reserve play politics? You could just as well ask if the Pope is Catholic.</p> <p>Investors should be wondering about the Fed’s politics because its interest-rate setting committee will meet two more times before Election Day — Sept. 20-21 and Nov. 1-2.</p>
  • The Fed Launches A Facebook Page... And The Result Is Not What It Had Expected

    08/21/2016 5:12:55 PM PDT · by RightGeek · 50 replies
    ZeroHedge ^ | 8/21/2016 | Tyler Durden
    While it is not exactly clear what public relations goals the privately-owned Fed (recall Bernanke's Former Advisor: "People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned") hoped to achieve by launching its first Facebook page last Thursday, the resultant outpouring of less than euphoric public reactions suggest this latest PR effort may have been waster at best, and at worst backfired at a magnitude that matches JPM's infamous #AskJPM twitter gaffe. Here are some examples of the public responses to the Fed's original posting: they all share a certain uniformity... [Screen captures] [More by...