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Business/Economy (News/Activism)

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  • China Heads West: Beijing's New Silk Road to Europe

    08/31/2016 4:11:52 PM PDT · by Olog-hai
    Der Spiegel ^ | August 31, 2016 – 06:40 PM | Erich Follath
    China is building new roads, railroads and pipelines from Central Asia to Europe in an effort to build new connections to the rest of the world. The results may be good for the Chinese — but less so for the other countries involved. […] Xi Jinping, 63, the president of China and general secretary of the Communist Party, wants to revive the myth and build a New Silk Road, in large parts along the old trade route. It would mark the return of a legend. For some time now, many of his speeches have included references to “yi dai yi...
  • Record 125k people file suit against Canada trade deal (CETA; German plaintiffs)

    08/31/2016 4:04:54 PM PDT · by Olog-hai · 1 replies
    TheLocal.de ^ | 31 Aug 2016 15:27 GMT+02:00 | (DPA/The Local)
    More than 125,000 Germans have filed the largest citizen lawsuit in German history against the controversial proposed CETA trade deal between Canada and the EU. The lawsuit’s power of attorney letters filled some 70 boxes and were brought by truck on Wednesday to Germany’s top court located in Karlsruhe, the Constitutional Court. The proposed Comprehensive Economic and Trade Agreement (CETA) would eliminate about 98 percent of the tariffs between the EU and Canada, but it has been condemned by opponents who say it will too greatly expand the power of corporations and may lower certain EU standards for things like...
  • Trump Pena Joint News Conference on utube

    08/31/2016 2:08:13 PM PDT · by ckilmer · 20 replies
    utube ^ | 8/30/2016 | utube
    click on the utube to see the conference. Its a little far into the utube. so you'll have to scroll forward.
  • Mark Levin aka "The Great One" has always been a conservative and friend of Free Republic

    08/31/2016 11:52:34 AM PDT · by Jim Robinson · 272 replies
    August 31, 2016 | Jim Robinson
    Mark Levin aka "The Great One" has always been a great constitutional conservative and great friend of Free Republic. Doesn't post much anymore but has had an account here (holdonnow) from nearly the beginning. He stood up for FR when his good friend Hannity was running us down. Also when O'Reilly accused us of not moderating our forum good enough against racism. I hate to see our good friend getting trashed on FR. I understand why people are upset with him over his position against Trump, but best advice I can give is if you can't stand him, don't listen....
  • War On Cash: Discontinue Professor Rogoff’s Stupid Commentary, Not the $100 Bill

    08/31/2016 10:18:46 AM PDT · by Lorianne · 13 replies
    Real Clear Markets ^ | 30 August 2016 | John Tammy
    In a recent opinion piece for the Wall Street Journal, Harvard economist Kenneth Rogoff declared that there's "little debate among law-enforcement agencies that paper currency, especially large notes such as the $100 bill, facilitates crime." Rogoff would like to discontinue the $100 in order to - try not to laugh - reduce crime. Can the eminent economist really be so naïve as to presume that the disappearance of a piece of paper would prove effective at making the U.S. (and the world) more honest and safe? Apparently he does, while lightly acknowledging what economists refer to as the "substitution effect."...
  • Legendary 747 designer Sutter dies age 95

    08/31/2016 9:19:54 AM PDT · by EveningStar · 106 replies
    ATWOnline | Air Transport World ^ | August 30, 2016 | Guy Norris
    Joe Sutter, who was dubbed “Father of the 747” by the Smithsonian National Air and Space Museum, has died at age 95. As the former chief engineer of Boeing’s 747, Sutter is credited with leading the birth of the first widebody airliner, which ushered in the globe-shrinking age of mass air travel.
  • Death Panel Discussion: Obamacare Costs Skyrocket; When Does It Stop?

    08/31/2016 8:32:14 AM PDT · by Lorianne · 22 replies
    Mish Talk ^ | 29 August 2016 | Mike “Mish” Shedlock
    Middle-class households are finding more of their Obamacare costs are coming out of their own pockets. Self-covered individuals are hit hardest, but employers providing coverage have fought back against rising costs by reducing plan benefits. Deductibles are up 67% since 2010. That’s seven times more than wages. And the cost of prescription drugs is out of sight. Please consider Burden of Health-Care Costs Moves to the Middle Class: “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. David Cutler, a Harvard...
  • Dallas Fed Dead-Cat-Bounce Dies - Economy Contracts For 20th Month In A Row

    08/31/2016 8:17:18 AM PDT · by Lorianne · 24 replies
    Zero Hedge ^ | 29 August 2016 | Tyler Durden
    Having jumped miraculously from -18 to -1.3 in July, August's Dallas Fed plunged back to -6.2 - contracting for the 20th month in a row. The worse than expected headline data came despite a rise in new orders as the number of employees, average workweek, and capex all plunged into contraction. Hope also tumbled from 18.4 to 7.0 with inventories and new orders expected to slow. Despite the surge in oil prices, the Dallas economy continues to contract...
  • A 'private, global super court' you've never heard of is changing the world

    08/31/2016 7:31:59 AM PDT · by Lorianne · 5 replies
    CNBC ^ | 29 August 2016 | Christine Wang
    A little-known international arbitration system is gaining global power and allowing multinational corporations to sue entire countries. Buzzfeed News spent months reporting on the scope and power of the investor-state dispute settlement, or ISDS, and just published a nearly 10,000-word investigative report on the system. If you don't have two hours to go through the whole tome, here are some highlights. ISDS was originally intended to help international businesses protect their investments in other countries and in turn encourage development and more foreign investment. It part of the fabric of major international trade agreements like NAFTA and the proposed Trans-Pacific...
  • Opinion: Get ready for a 5%-10% stock-market drop

    08/31/2016 3:06:18 AM PDT · by expat_panama · 13 replies
    Market Watch ^ | Aug 30, 2016 | Michael Brush
    If you have trades on that you’ve been thinking about selling, it’s time to sell. If you have a lot of margin on, bring it down. If you have little buying power, find a way to raise some. The reason: There’s likely going to be a significant selloff over the next two months. Of course, making short-term market prognostications isn’t easy... ...seven reasons the market looks vulnerable, and what you should do about it. 1. Investors seem too bullish again Sadly, the crowd is often wrong in the market... 2. The media are turning bullish Like investors, market commentators in...
  • Stephen Moore: Our 1 Percent Economy

    08/31/2016 3:04:19 AM PDT · by expat_panama · 9 replies
    Investors Business Daily ^ | Aug 30, 2016 | STEPHEN MOORE
    Have you noticed that Hillary Clinton wants to talk about the economy about as much as she wants to talk about Monica Lewinsky or Benghazi? Here's why: The economy is lousy. Feeble. Barack Obama's own numbers prove it. We got revised GDP numbers from the Commerce Department on Friday and the economy is actually getting worse. The rate of economic growth was slightly less than 1% for the first six months of 2016. No wonder almost half of Americans think we are still in a recession. They are personally in recession. ...best that the mighty American engine of economic growth...
  • What Will Happen To China's Economy If Xi Jinping Continues To Lead

    08/30/2016 9:32:21 PM PDT · by jcon40 · 7 replies
    Forbes.com ^ | Aug, 30, 2016 | Douglas Bulloch
    For two decades or more, China was run by a committee; to be precise, the Standing Committee of the Politburo. There were influential power brokers lined up behind a central figure, but the understanding was always that collective decision-making predominated. Today, increasingly, the decisions and character of one man seem to make the running in China. What Xi wants, Xi gets. This transformation has a few symbolic moments but also perhaps a poorly remembered past, so accustomed have people become to the trajectory of post-Tiananmen China. The outward calm of the Jiang Zemin/Hu Jintao power transition has lulled people into...
  • Abolish the Senate. It’s the only way to rein in modern presidents.

    08/30/2016 7:37:02 PM PDT · by Tolerance Sucks Rocks · 124 replies
    The Washington Post ^ | August 30, 2016 | John Bicknell
    With the prospect of a President Donald Trump or a President Hillary Clinton on the horizon, the growing trend toward the executive acting without the consent of Congress is troubling to all political stripes. Both parties claim to worry about a strong presidency, at least if the other party is in the White House. That trend has been exacerbated by President Obama, but it certainly didn’t start with him. With the exception of Calvin Coolidge, every president of the 20th and 21st centuries contributed to the problem. Many proposals to address the imperial presidency have been floated over the decades....
  • Why an emblematic American city has turned to Trump

    08/30/2016 6:35:32 PM PDT · by 2ndDivisionVet · 5 replies
    Reuters ^ | August 30, 2016 | Timothy Aeppel
    White working-class men used to be a major political and economic force in Muncie, Indiana. After years of eroding prosperity and dwindling power, they think they’ve found their champion. MUNCIE, Indiana – One night a month, retired auto workers shuffle into a former elementary school classroom here to discuss their legal fight against the company that cancelled their health care benefits seven years ago. But the conversation often turns quickly to presidential politics. “It can get pretty heated,” says Gerald Poor, the group’s 77-year-old president, of their political discussions. “I call it to order if it gets out of hand.”...
  • SpaceX signs first customer for used Falcon rocket

    08/30/2016 5:06:34 PM PDT · by Vince Ferrer · 8 replies
    Reuters ^ | August 30, 2016 | Irene Klotz
    Elon Musk's SpaceX has signed its first customer to use a previously flown rocket, with launch planned for later this year, the companies said on Tuesday. The launch for Luxembourg-based satellite operator SES SA SESFg.LU will mark the first commercial reuse of a Falcon 9 rocket, which is crucial to efforts by technology entrepreneur Musk's Space Exploration Technologies Corp to reduce the cost of space launches.
  • Christie vetoes $15 an hour minimum wage bill pushed by N.J. Democrats

    08/30/2016 3:58:43 PM PDT · by GuavaCheesePuff · 9 replies
    Newark Star-Ledger ^ | August 30, 2016 | Matt Arco
    PENNINGTON-Gov. Chris Christie on Tuesday vetoed a proposal to boost New Jersey's minimum wage to $15 an hour. The Republican governor visited a Pennington grocery store to make remarks and announce the veto of the legislation. It's the second time during his time as governor that Christie rejected a minimum wage hike sent to him by the state's Democratic-controlled Legislature. The move was met with outrage by Democratic-leaning groups. Christie also argued more employees would be replaced by automated kiosks at small businesses if the state hikes its minimum wage. "That's the way of the future if we continue to...
  • Downing Street says tech giant 'welcome' to come to UK after EU orders Ireland to claw back £11bn

    08/30/2016 3:12:12 PM PDT · by Trump20162020 · 12 replies
    The Telegraph ^ | 08-30-2016 | James Titcomb
    Britain could cut corporation tax to attract major international companies under plans being considered by Theresa May after Apple was hit with a record tax bill by Brussels. Downing Street yesterday said it would "welcome" Apple to the UK after the European Commission took the extraordinary step of hitting the company with an £11billion fine. In a damning report published yesterday, the commission found that a deal with Ireland meant the technology giant paid as little as 0.005 per cent tax on its European profits for more than a decade.
  • First Commercial Flights Between U.S., Cuba on American Based Airlines Set to Resume Wednesday

    08/30/2016 2:06:56 PM PDT · by nickcarraway · 10 replies
    For the first time in over half a century, commercial flights between the United States and Cuba will resume on Wednesday – and NBC 6 reporter Amanda Plasencia will be on board one of the flights, providing you extensive coverage of these historical journeys. As part of President Obama’s efforts to restore relations with the island nation just south of Florida, a potential of 110 round trip flights will take place each week between the countries. That includes 20 daily flights to Havana and 10 each to other cities in Cuba. The flights will come from airports across the country....
  • Democrat Tom Coyne: Trump Is Challenging ‘Institutional Elites’ in Both Parties

    08/30/2016 10:53:55 AM PDT · by Dana1960 · 15 replies
    Breitbart ^ | 8/30/16 | Dan Riehl
    Tom Coyne, a lifelong Democrat and the mayor of Brook Park, Ohio, spoke about his endorsement of Republican presidential nominee Donald Trump with Breitbart News Daily SiriusXM host Matt Boyle. Coyne said: The parties are blurred. What’s the difference? They say the same things in different tones. At the end of the day, they accomplish nothing. Donald Trump is challenging the very fabric of the institutional elites in this country on both sides that have, quite frankly, just straight up screwed this country up and made the world a mess. Regarding the GOP establishment’s so-called Never Trumpers, Coyne stated, “If...
  • The S.E.C. Shoves The U.S.A. Further Into The P.C. Swamp

    08/30/2016 10:35:37 AM PDT · by reaganaut1 · 16 replies
    Wall Street Journal ^ | August 30, 2016 | George Leef
    Would corporations operate better if their board members were chosen so as to ensure that women and major racial/ethnic groups were all appropriately represented? Many social activists believe so and their thinking has penetrated into the federal regulatory agency that oversees our stock exchanges – the Securities and Exchange Commission (SEC). Back in 2009, the SEC instituted a requirement that publicly traded companies disclose plans they might have regarding the diversity of their boards of directors. That is to say, the racial, ethnic and gender characteristics of board members – as if those attributes were the essential, defining attributes of...
  • Economic Growth Stalls At Wrong Time For Hillary

    08/30/2016 9:59:49 AM PDT · by Cheerio · 21 replies
    Investors Business Daily ^ | 8/26/2016 | Robert Ramono
    "The truth is, those looking overseas for growth opportunities are the smart ones, because if we have another four years like President Barack Obama's past eight, you'd have to be an idiot to invest in America with this assault on growth by Washington, D.C." That was Americans for Limited Government President Rick Manning's shooting-from-the-hip response to the latest revision to the gross domestic product by the Bureau of Economic Analysis in the second quarter. The number was revised downward from a tepid, inflation-adjusted 1.2% annualized to 1.1%.
  • VIDEO – Bill Clinton: Rebuild Detroit with Syrian Refugees

    08/29/2016 5:20:59 PM PDT · by KeyLargo · 88 replies
    Breitbart ^ | 29 Aug 2016 | Julia Hahn
    VIDEO – Bill Clinton: Rebuild Detroit with Syrian Refugees Julia Hahn 29 Aug 2016 Washington D.C.340 In a previously little-noticed video from February at the Clinton Global Initiative, former President Bill Clinton suggested that the U.S. use Syrian refugees to rebuild Detroit. “The truth is that the big loser in this over the long run is going to be Syria. This is an enormous opportunity for Americans,” Bill Clinton said about the Syrian migrant crisis. Detroit has 10,000 empty, structurally sound houses—10,000. And lot of jobs to be had repairing those houses. Detroit just came out of bankruptcy and the...
  • TTIP's 'failure' gives us a clue about Britain's post-Brexit trading future

    08/30/2016 7:58:56 AM PDT · by Lorianne · 4 replies
    Source material cannot be posted to FR | 28 August 2016
    see link in post below __ some interesting comments in article regarding reservations about TTIP
  • Banks are preparing for an ‘economic nuclear winter’

    08/30/2016 7:47:57 AM PDT · by Lorianne · 59 replies
    CNBC ^ | 29 August 2016 | Spriha Srivastava
    The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.'s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half looms. European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum's results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24....
  • Apple Must Repay Record EUR 13 Billion in Back Taxes Over Irish Deal: EU

    08/30/2016 6:43:13 AM PDT · by sukhoi-30mki · 61 replies
    Agence France-Presse ^ | 30 August 2016
    The European Union on Tuesday said US tech giant Apple must repay a record 13 billion euros ($14.3 billion or roughly Rs. 95,910 crores) in back taxes after ruling that a series of Irish sweetheart tax deals were illegal. "The European Commission has concluded that Ireland granted undue tax benefits of up to 13 billion euros to Apple. This is illegal under EU state aid rules because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid," a Commission statement said. EU Competition Commissioner Margrethe Vestager said Apple's "selective treatment" in Ireland...
  • Caution: Men (Not) At Work

    08/30/2016 3:41:45 AM PDT · by expat_panama · 34 replies
    Investors Business Daily ^ | August 29, 2016 | Editorial
    Jobs: While the Fed and government policymakers fret over "full employment," ... ...t we are in the midst of a full-blown unemployment crisis — one that remains, in his words, "hidden." This Friday, a new jobs report will come out. If the Wall Street consensus is correct, it will show the unemployment rate continuing to hover... ...a new book... ...nearly one out of six working-age men have no job and are no longer looking for one. A release for his book calls this "a hidden time bomb with far-reaching economic, social and political consequences." With 10 million fewer male workers...
  • Is 'Transparency' In Trade Talks Just A Smoke Screen?

    08/30/2016 3:27:25 AM PDT · by expat_panama · 11 replies
    Investors Business Daily ^ | August 29, 2016 | DANIEL R. PEARSON
    One of the criticisms of trade agreements such as the Trans-Pacific Partnership (TPP) is that they are negotiated in secret. Government-to-government discussions generally are conducted in private, so some confidentiality in trade talks is not surprising. The AFL-CIO, an advocate for greater transparency, asserts that "such secrecy is inconsistent with democratic principles" and has the effect of advancing "the policy preferences of political and economic elites, not the broad interest of the populace at large." There is no doubt that transparency in government is a desirable goal. Transparency helps to assure accountability, and at times might even lead to more...
  • Philippines Sends A Stark Warning To China Over South China Sea Dispute

    08/29/2016 9:34:04 PM PDT · by jcon40 · 48 replies
    Forbes.com ^ | Aug 28, 2016 | Panos Mourdoukoutas
    South China Sea disputes are turning worse. Last week, Philippines’ President Rodrigo Duterte had a loud and clear message for China: Stay away from our territory or else it could be a “bloody” confrontation. Philippines’s warning comes shortly before China hosts the G20 Leaders’ Summit in the eastern city of Hangzhou on 4-5 September, and one week after a Japan Times editorial revealed that China has set a “red line” for Japan in the South China Sea. China warned Japan “not send Self-Defense Forces to join U.S. operations that test the freedom of navigation in the disputed South China Sea....
  • How Republicans in Congress Would Respond to Big-Spending Infrastructure Push

    08/29/2016 8:55:10 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Daily Signal ^ | August 26, 2016 | Josh Siegel
    Fresh after Congress and the White House scored the largest transportation spending package in a decade, both presidential candidates this year are proposing billions in funding to rebuild the nation’s infrastructure. While both Hillary Clinton and Donald Trump—and the parties they represent—agree the nation’s roads, bridges, airports, rail system, and ports are in need of repair, the new proposals invite familiar questions over how the spending would be paid for, and whether the federal government is the best provider to pay for it. Those questions, and the lack of a must-pass infrastructure initiative requiring Congress’ attention in 2017, mean that...
  • California Assembly OKs bill hiking overtime for farmworkers

    08/29/2016 6:57:21 PM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Aug 29, 2016 8:03 PM EDT | Alison Noon
    Four decades after he signed the nation’s first law giving farmworkers collective bargaining rights, California Gov. Jerry Brown will again consider a historic proposal calling for farmworkers to receive the same overtime pay as other hourly workers, after the Assembly approved legislation Monday to phase in the change. California employers are already mandated to pay time-and-a half to farmworkers after 10 hours in a day or 60 hours in a week. That’s longer than the overtime pay for all other workers, who get it after eight hours in a day or 40 hours a week. The Assembly passed the proposal...
  • Socialist presidential candidate Gloria La Riva: We salute Colin Kaepernick

    08/29/2016 5:37:59 PM PDT · by GuavaCheesePuff · 26 replies
    Liberation ^ | August 27, 2016 | Liberation Staff
    “Kaepernick’s action was a righteous protest against the epidemic of racism and police brutality in this country,” said Gloria La Riva. “As a socialist and proud, long-time resident of San Francisco, I salute the stand taken by SF 49ers Quarterback Colin Kaepernick, who refused to stand for the National Anthem at Friday night’s game. La Riva spoke from her San Francisco office in California where she is running for U.S. President as the Peace and Freedom Party candidate. Out of the five candidates on the California ballot, she is the only worker, only person of color and only socialist. She...
  • German Savers Lose Faith in Banks, Stash Cash at Home

    08/29/2016 4:47:59 PM PDT · by ameribbean expat · 24 replies
    HAMBURG—German savers are leaving the security of savings banks for what many now consider an even safer place to park their cash: home safes.
  • BAE Systems Sells Internet Surveillance Gear to United Arab Emirates

    08/29/2016 4:22:26 PM PDT · by Lorianne · 5 replies
    Intercept, the ^ | 26 April 2016 | Jenna McLaughlin
    A Danish subsidiary of British defense contractor BAE Systems is selling an internet surveillance package to the government of the United Arab Emirates, a country known for spying on, imprisoning, and torturing dissidents and activists, according to documents obtained by Lasse Skou Andersen of the Danish newspaper Dagbladet Information. The documents from the Danish Business Authority reveal an ongoing contract between the defense conglomerate, BAE Systems Applied Intelligence A/S, and the Middle Eastern oil federation dating back to at least December 2014. The contract describes an internet surveillance product capable of deep packet inspection — “IP monitoring and data analysis”...
  • Bombardier hands out pink slips as part of effort to cut 7,000 workers

    08/29/2016 3:03:27 PM PDT · by Lorianne · 24 replies
    Financial Post ^ | 26 August 2016
    Bombardier handed out pink slips Friday to aerospace employees in Montreal as part of its efforts announced in February to trim 7,000 workers over two years. The Montreal-based company declined to say how many workers were being affected by the latest layoff notices, how many cuts have already been made, or what aircraft programs are being affected. Mark Masluch, spokesman for Bombardier business jets, said the layoffs are a continuation of the “workforce optimization” plan being implemented across the company. The union representing machinists said the uncertainty about efforts to save jobs is creating frustration for workers. It warned last...
  • Global central bankers, stuck at zero, unite in plea for help from governments

    08/29/2016 2:56:08 PM PDT · by Lorianne · 19 replies
    Reuters ^ | 28 August 2016 | Howard Schneider
    Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help. Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural...
  • Pemex Collapse Threatens Biggest Banks in Mexico (Big-oil bailout already under way)

    08/29/2016 2:53:37 PM PDT · by Lorianne · 12 replies
    Wolf Street ^ | 26 August 2016 | Don Quijones
    These days, the trend is not Pemex’s friend. Mexico’s loss-leading, debt-swamped, state-owned oil giant company announced that in July it had imported 554,000 barrels of oil a day — its highest monthly volume of imports since public records began in 1990. In total, two-thirds of all the oil Mexico consumed in July was imported — a staggering statistic for a country that until not so long ago was home to one of the largest oil fields in the world, the Cantarell. Pemex also acknowledged that its crude production fell a further 5% in July while its natural gas production shrunk...
  • Welcome To The Third World, Part 18: Pensions Overwhelm Public Services

    08/29/2016 2:48:12 PM PDT · by Lorianne · 12 replies
    Dollar Collapse ^ | 26 August 2016
    Citizens of the developed world are watching Venezuela’s descent into financial and political chaos mostly, it seems, with amused detachment, safe in the assumption that we’ll never end up hunting our cats and dogs for food. But – since Europe, Japan and the US are making essentially the same mistakes as Venezuela’s past and present governments – we might want to question that certainty. Consider what’s happening in the third biggest US city: Chicago’s detective force dwindles as murder rate soars [see excerpt at source] Why should a city as apparently affluent as Chicago have such a nightmarish crime situation?...
  • EU likely to hand Apple Irish tax bill of over 1 bln euro- source

    08/29/2016 2:24:06 PM PDT · by Swordmaker · 19 replies
    News Trust (Reuters) ^ | August 29, 2016 | by Ralph Boulton
    DUBLIN, Aug 29 (Reuters) - The European Commission will rule against Ireland's tax dealings with Apple on Tuesday, two source familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes. The Commission declined to comment on Monday. The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs. Apple and Ireland rejected the accusation and have both said they will appeal any adverse ruling. The source said...
  • Report: Google Is Censoring Search Results About Hillary Clinton's Health

    08/29/2016 1:31:04 PM PDT · by Trump20162020 · 42 replies
    Fox News ^ | August 28, 2016 | Staff
    Google is being accused of burying internet searches about Hillary Clinton's health. A new report says the web's most popular search engine returns search suggestions that have nothing to do with recent rumors and allegations about the Democratic presidential nominee's health issues.
  • [Failed] Colorado Anti-Fracking Ballot Measure Has ‘Potentially Forged’ Signatures

    08/29/2016 12:51:05 PM PDT · by snarkpup · 5 replies
    BOE Report ^ | August 29, 201611:50 AM | Michael Bastasch
    Colorado officials identified “several potentially forged signature lines” on a failed ballot anti-fracking ballot measure pushed by environmental activists to restrict drilling inside state lines. Officials said “No. 78,” a measure calling for a 2,500-foot setback on hydraulic fracturing, may have had forged signatures, and Colorado State Department officials “referred the questionable section to the Attorney General’s office for investigation.” Secretary of State Wayne Williams announced Monday that “two proposed ballot measures aimed at adding more limitations on oil and natural gas drilling in Colorado failed to make the November ballot because supporters didn’t collect enough valid voter signatures.” Both...
  • Montana plane crash kills 'Ice Road Truckers' TV show star

    08/29/2016 9:34:10 AM PDT · by KeyLargo · 20 replies
    Yahoo News ^ | 8/29/2016
    <p>MISSOULA, Mont. (AP) — A plane crash in western Montana has killed a star of the History channel reality show "Ice Road Truckers" and another man.</p> <p>History spokeswoman Susan Ievoli confirmed Monday that 52-year-old Darrell Ward died Sunday in the fiery crash on the shoulder of Interstate 90, southeast of Missoula.</p>
  • Three Reasons Why Popular Support for “Universal Background Checks” Doesn’t Matter

    08/29/2016 8:53:53 AM PDT · by rktman · 12 replies
    thetruthaboutguns.com ^ | 8/28/2016 | Robert Farago
    "When it comes to gun control and the Second Amendment, Democrats and Republicans are deeply divided except for a few safety measures such as background checks on gun sales,” huffingtonpost.com reports, analyzing a Pew Research report released Friday. (Click here to read.) Pew examines the pew-pew views of Trump and Clinton supporters. The results aren’t surprising, but they are revealing. Both candidates’ supporters favor “background checks for private and gun show sales” by a wide margin. Here are three reasons why the supposedly pro-gun Trump voters’ support for “universal background checks” (UBC’s) is irrelevant.
  • New [Microsoft] resources to report hate speech, request content reinstatement

    08/29/2016 8:27:24 AM PDT · by HLPhat · 60 replies
    Microsoft ^ | 26 August 2016 | Jacqueline Beauchere - Microsoft Chief Online Safety Officer
    Microsoft is committed to creating safe online communities where our customers can learn, play, grow and interact without the threat of violence or hatred. That’s why for many years we’ve sought to protect our customers by prohibiting hate speech and removing such content from our hosted consumer services. While neither our principles nor our policies are changing, we are refining some of our processes to make it easier for customers to report hate speech. We’re also simplifying requests to reinstate content that customers feel was removed in error. Today we’re announcing a new dedicated web form for reporting hate speech...
  • Obama will bypass Senate, ratify Paris climate accord himself during trip to China

    08/29/2016 5:51:12 AM PDT · by upchuck · 67 replies
    Wash Times ^ | Aug 29, 2016 | Valerie Richardson
    President Obama is prepared to enter into the Paris climate accord as early as this week even though Republicans have insisted that the pact must be ratified by the Senate, according to a report out of China. The South China Morning Post reported that Mr. Obama and Chinese President Xi Jinping are “set to jointly announce their ratification” of the ambitious international climate-change pact on Friday, two days before the start of the 11th G-20 Summit in Hangzhou, Zhejiang... Myron Ebell, director of the free-market Competitive Enterprise Institute’s Center for Energy and Environment, described the report as “curious because ratifying...
  • Fed's Yellen, Fischer Send Mixed Messages, Leave Markets Guessing

    08/29/2016 3:06:33 AM PDT · by expat_panama · 15 replies
    Investors Business Daily ^ | August 26, 2016 | JED GRAHAM
    Federal Reserve Chair Janet Yellen said Friday that the case for a rate hike has "strengthened" in recent months, as labor market slack is fading. The U.S. economy is "now nearing the Federal Reserve's statutory goals of maximum employment and price stability," Yellen said. Financial markets, which already have been pricing in a good chance of a rate hike in December, initially took her comments in stride. Investors are less concerned about the timing of the next hike than the one after that. Treasury yields initially rose a bit, then headed slightly lower after release of Yellen's speech transcript. That...
  • IBD/TIPP Poll: Anti-Import Sentiment Grows

    08/29/2016 3:04:14 AM PDT · by expat_panama · 12 replies
    Investors Business Daily ^ | August 26, 2016 | IBD/TIPP
    Americans these days are not in a charitable mood when it comes to trade, it seems. The August IBD/TIPP Poll shows that Americans overwhelmingly favor placing restrictions on imports ... Generally speaking, do you think the U.S. trade policy should have restrictions on imported goods to protect American jobs or have no restrictions on imported goods to enable American consumers to have more choices and the lowest prices?
  • Exclusive: Venezuela's oil imports slump on payment woes, economic meltdown

    08/28/2016 9:18:41 PM PDT · by 2ndDivisionVet · 37 replies
    Reuters ^ | August 25, 2016 | Marianna Parraga
    Venezuela has not been able to import all the crude and fuel it needs this year to cover shortfalls at oilfields and refineries as state-run PDVSA struggles to pay suppliers on time, according to trade sources and internal company data seen exclusively by Reuters. The decline is the largest in five years as the worst economic crisis in decades undermines PDVSA's ability to buy oil imports, which fell 21 percent in the first seven months of this year to 154,465 barrels per day (bpd), the data showed. Venezuela is also on track to suffer its steepest annual oil output drop...
  • An Internet Giveaway to the U.N.

    08/28/2016 7:26:19 PM PDT · by Red Badger · 40 replies
    http://www.wsj.com ^ | Aug. 28, 2016 | By L. GORDON CROVITZ
    If the U.S. abdicates internet stewardship, the United Nations might take control. When the Obama administration announced its plan to give up U.S. protection of the internet, it promised the United Nations would never take control. But because of the administration’s naiveté or arrogance, U.N. control is the likely result if the U.S. gives up internet stewardship as planned at midnight on Sept. 30. On Friday Americans for Limited Government received a response to its Freedom of Information Act request for “all records relating to legal and policy analysis . . . concerning antitrust issues for the Internet Corporation for...
  • Revealed: ECB Secretly Hands Cash to Select Corporations

    08/28/2016 3:59:44 PM PDT · by Lorianne · 6 replies
    Wolf Street ^ | 22 August 2016 | Don Quijones
    In June, the ECB began buying the bonds of some of the most powerful companies in Europe as well as the European subsidiaries of foreign multinationals. This pushed the average yield on euro investment-grade corporate debt to 0.65%. Large quantities of highly rated corporate debt with shorter maturities are trading at negative yields, where brainwashed investors engage in the absurdity of paying for the privilege of lending money to corporations. By August 12, the ECB had handed out over €16 billion in freshly printed money in exchange for corporate bonds. Throughout, the public was given to understand that the ECB...
  • The real casualty of Brexit: reputations of economists who predicted doom

    08/28/2016 3:52:50 PM PDT · by Lorianne · 12 replies
    Market Watch ^ | 27 August 2016 | Matthew Lynn
    <p>Did you hear the one about the economist who drove into a swimming pool and broke his neck? He forgot to seasonally adjust. Have you seen the version of Trivial Pursuit designed by an economist? It has 3,000 questions and 10,000 answers.</p>