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Business/Economy (News/Activism)

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  • Choosing Misery: The Culture of Victimhood and Ingratitude

    07/06/2015 12:35:55 AM PDT · by Cincinatus' Wife
    The American Thinker ^ | July 6, 2015 | Patrick Goble
    [SNIP]...We are not all equally failing, indifferent, dimwitted, or immoral, nor are we all equally talented, worthy of love and attention, successful, or productive. Not everything is subjective. Not everything is just an opinion. To collectively believe otherwise is suicidal, and this thinking has directly contributed to the decline of our civilization, one in which far too many people are now appallingly ineffectual, apathetic, and unskilled.The notion that all people, no matter what they do or donít do, accomplish or donít accomplish, are equalĖno better or worse than anyone elseĖmust be fought against.We are fast becoming a nation of lazy,...
  • Puerto Rico Shows Greece Needs Ä50 Billion A Year: And Would Still Fail Even Then

    07/06/2015 12:21:37 AM PDT · by bob_denard
    Forbes ^ | 7/05/2015 | Tim Worstall
    Itís true, as Paul Krugman says, that Greece and Puerto Rico are not in exactly the same position. PR is bust to some extent, yes, but itís not in the middle of a catastrophe, as Greece is. However, there is also a similarity in their situations, one thatís extremely instructive. Theyíre both suffering from being in a monetary policy zone, a currency zone, that isnít really suitable for their circumstances. One of the two is in a fiscal policy union as well as that monetary union, the other is not. And itís long been agreed that if youíre to have...
  • Defiant Greeks reject EU demands as Syriza readies IOU currency

    07/05/2015 9:10:39 PM PDT · by catnipman · 36 replies
    The Telegraph ^ | 7/5/15 | Ambrose Evans-Pritchard
    "If necessary, we will issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago," said Yanis Varoufakis, the finance minister. ... Syriza sources say the Greek ministry of finance is examining options to take direct control of the banking system ... They want a new team installed, one that is willing to draw on the central bank's secret reserves, and to take the provocative step in extremis of creating euros. "We have to restore stability to the system, with or without the help of the ECB. We have the capacity to print...
  • Oregon Baker to Christians: 'Get Ready for Civil Disobedience'

    07/05/2015 8:06:14 PM PDT · by Tolerance Sucks Rocks · 41 replies
    Newsmax ^ | July 3, 2015 | Cathy Burke
    Defiant Oregon bakers fined $135,000 for their 2013 refusal to make a cake for a lesbian wedding reportedly vow to "fight back" against the state labor commissioner's stiff penalty Ė and are calling on "Christians Ö to take a stand." "For years, weíve heard same-sex marriage will not affect anybody," Aaron Klein, co-owner of Sweet Cakes by Melissa, told The Blaze. "Iím here firsthand to tell everyone in America that it has already impacted people. Christians, get ready to take a stand. Get ready for civil disobedience." Oregon's Labor Commissioner Brad Avakian on Thursday issued a final ruling in the...
  • Oil prices tumble after Greek no vote to bailout, China stock market turmoil

    07/05/2015 6:55:28 PM PDT · by 2ndDivisionVet · 50 replies
    Reuters ^ | July 5, 2015 | Aaron Sheldrick and Henning Gloystein
    Oil prices fell sharply in early trading on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps over the weekend to prevent a full-blown stock market crash. In a referendum on Sunday, Greeks overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency and pulling down the euro EUR= in early trading on Monday. In China, stock markets face a make-or-break week after officials rolled out a series of measures to prevent a full-blown stock market crash...
  • Did China's Stock Market Crash Just End Economic Reform?

    07/05/2015 6:43:39 PM PDT · by BenLurkin · 20 replies
    forbes ^ | 7/05/2015 @ 9:59AM
    The beauty of markets is that they have a mind of their own. For the Chinese government, this has been a tough pill to swallow. Try as it might, the Chinese government was unable to arrest the decline in the domestic stock market last week. The central bank cut benchmark interest rates and the amount of money banks must keep with it on reserve. A government investment vehicle made it known that it was buying ETFs. The securities regulator eased regulations on margin trading and the Stock Exchange cut transaction fees. Despite this, the benchmark Shanghai Composite Index declined 12%...
  • Futures sharply lower; live CNBC coverage tonight at 8pm ET

    07/05/2015 4:21:18 PM PDT · by John W · 89 replies
    cnbc.com ^ | July 5, 2015 | Everett Rosenfeld & Ben Berkowitz
    U.S. futures are sharply lower after the Greek vote, and CNBC will have live coverage of the aftermath tonight at 8 p.m. ET. The Greek people voted resoundingly on Sunday to reject proposals from their European creditors. S&P 500 futures fell 1.5 percent in early trading after 6 p.m. ET (2200 GMT).
  • Greece enters uncharted territory after referendum 'no' vote

    07/05/2015 3:21:49 PM PDT · by familyop · 50 replies
    Associated Press ^ | July 5, 2015 | ELENA BECATOROS and DEMETRIS NELLAS
    ATHENS, Greece (AP) -- Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy. Results showed 61 percent voted "no," compared with 38 percent for "yes," with 93 percent of the vote counted. The referendum - Greece's first in more than four decades - came amid severe restrictions on financial transactions in the country, imposed last week to stem a bank run that accelerated after the vote was called.
  • Multiple Factors At Work As Many Brace For Higher Health Insurance Premiums In 2016

    07/05/2015 3:08:32 PM PDT · by Iron Munro · 13 replies
    Tampa Bay Times ^ | July 3, 2015 | Kathleen McGrory
    The Affordable Care Act has weathered its share of punches in recent weeks, including a Supreme Court challenge that could have led to its unraveling. Its next bout could hit consumers in the pocketbook. In Florida, several big-name insurance providers ó including Aetna, Cigna, Coventry and United Healthcare ó have already proposed double-digit rate increases for individual health insurance plans, federal records show. The figures are not final, and they represent only a slice of the plans available on the individual insurance market. (Companies requesting single-digit hikes don't have to publish their rates until later in the year.) But experts...
  • Quartet of crises threatens Europe's core

    07/05/2015 2:57:24 PM PDT · by 867V309 · 8 replies
    news.yahoo.com ^ | 4-5-2015 | Paul Taylor
    The EU's unity, solidarity and international standing are at risk from Greece's debt, Russia's role in Ukraine, Britain's attempt to change its relationship with the bloc, and Mediterranean migration.
  • For Many, Obamacare Is Becoming The Unaffordable Care Act

    07/05/2015 1:25:31 PM PDT · by Brad from Tennessee · 46 replies
    Forbes ^ | July 5, 2015 | By Richard Eisenberg
    Let me start by saying this is not a political screed against Obamacare; Iím thrilled that some 18 million Americans now have health insurance who didnít before the law took effect, lowering the percentage of uninsured adults from 18% in 2013 to 11.9% today. But Iím growing concerned that for some people ó especially older, middle- and lower-income adults ó the Affordable Care Act is becoming The Unaffordable Care Act. A Growing Problem: The Underinsured Several recent studies suggest to me that due to a combination of Obamacareís incentives to reduce premiums; the rise of so-called ďconsumer-drivenĒ and high-deductible health...
  • Greeks cannot tap cash in safe deposit boxes under capital controls

    07/05/2015 12:55:50 PM PDT · by catnipman · 77 replies
    rooters ^ | 7/5/15 | staff
    Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place, a deputy finance minister told Greek television on Sunday. ...
  • Greek referendum results live: 'No' vote to Europe's bail-out terms as Greeks choose to deal

    07/05/2015 12:53:32 PM PDT · by Lurch Addams · 81 replies
    Telegraph ^ | 7/5/2015 | Mehreen Khan
    Greek referendum results live: No vote to eurozone bail-out deal leads by 60 per cent. After 20pc of the vote is counted, Greeks look to have voted 'No' with a 60pc majority against Europe's bail-out conditions
  • Will Puerto Rico Cause An Inadvertent ďBlack SwanĒ Derivatives Melt-Down?

    07/05/2015 11:55:20 AM PDT · by Lorianne · 24 replies
    IRD ^ | 30 June 2015 | ?
    I really had not been paying much attention to the Puerto Rico debt situation. After all, $72 billion in debt that might go bad Ė big deal. The Fed can print up $72 billion in credit lines with the push of a button. But a friend of mine happened to mention to me today (Monday) that MBIAís stock was down over 23% and Assured Guarantyís stock was down over 13%. That woke me up. Companies like MBI and AMBAC underwrite credit ďenhancementĒ guarantees on these massive cesspools of debt Ė and the associated derivatives that are ďwrapped aroundĒ the debt...
  • The Economist Calls Victory For "No" Camp: Sees 60% Voting "Oxi"

    07/05/2015 10:33:29 AM PDT · by Enlightened1 · 18 replies
    Zero Hedge ^ | 07/05/15 | Tyler Durden
    Can't wait 4 more hours until the first official results from the Greek referendum trickle in? The "Intelligence Unit" of the Economist Group, part-owned by the Rothschild banking family, has already called it and the "Oxis" have it by a wide margin.
  • Greek Referendum Polls Close: "No" Seen Ahead By Most With Over 51% Of The Vote

    07/05/2015 9:16:11 AM PDT · by Perdogg · 105 replies
    Zero hedge ^ | 07.05.15
    At 7pm local time the Referendum polls closed. Here is what the early exit polls predict: A poll by GPO on Mega TV gave 51.5% in favor of ďnoĒ and 48.5% in for ďyesĒ Metron Analysis on Antenna TV showed ďnoĒ leading with 49% vs 46% for ďyesĒ MRB on Star TV showed ďnoĒ leading with 49%-54% vs 46%-51% for ďyesĒ Marc opinion poll for Alpha TV shows ďnoĒ ahead with 49.5%-54.5% vs 45.5%-50.5%
  • Greeks canít use iTunes, the App Store, PayPal and more thanks to the financial crisis

    07/05/2015 8:52:26 AM PDT · by Enlightened1 · 17 replies
    The Next Web ^ | 07/04/15 | Mic Wright
    Greece has a lot of problems right now as a result of the debt crisis, but one that you might not have immediately anticipated is that online services that require credit or debit payments to a foreign company are broken. As BuzzFeed reports, the Greek governmentís imposition of capital controls Ė which restrict citizensí ability to take money out of the country Ė following its failure to make debt repayment, also mean they canít buy a Ä0.99 song from iTunes or grab new apps. Of course, itís not the biggest issue faced by the country, but it is another source...
  • Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece

    07/05/2015 7:30:40 AM PDT · by Lorianne · 21 replies
    New York Times ^ | 28 June 2015 | Landon Thomas Jr.
    For investors around the world looking at Greece, there was but one question Sunday: What is going to happen when the markets open? On Sunday night, the prime minister, Alexis Tsipras, said in a televised address that Greeceís banks and stock market would be closed on Monday, as Athens tries to avert a financial collapse. But the question of what happens when the markets do open is particularly acute for the hedge fund investors ó including luminaries like David Einhorn and John Paulson ó who have collectively poured more than 10 billion euros, or $11 billion, into Greek government bonds,...
  • Republicans cast into turmoil as Donald Trump rides the populist surge

    07/05/2015 7:02:06 AM PDT · by Mariner · 74 replies
    The Telegraph (UK) ^ | Juloy 5th, 2015 | By Philip Sherwell
    For Donald Trump the entrepreneur, it was a damaging week. Two major television networks severed ties, Macyís dropped his clothing line and Carlos Slim, the even richer Mexican tycoon, ended a joint venture with him. But for Donald Trump the inveterate showman and Republican challenger for president, the week was a triumph as he climbed in the opinion polls and dominated media coverage, despite the backlash against his decision to condemn Mexican immigrants as rapists and drug traffickers. ďWow, Huffington Post just stated that I am number one in the polls of Republican candidates,Ē the brash billionaire bragged as the...
  • 'Sweetcakes' owner defiant in face of $135,000 fine

    07/05/2015 5:50:00 AM PDT · by sheikdetailfeather · 142 replies
    Washington Examiner ^ | 7-3-2015 | Barbara Boland
    After getting hit with a financially-crushing $135,000 fine Thursday for their decision to not bake a cake for a lesbian wedding, the owner of the Oregon "Sweetcakes by Melissa" bakery has a dire warning for Americans. "For years, we've heard same-sex marriage will not affect anybody," Aaron Klein said in an interview with The Blaze. "I'm here firsthand to tell everyone in America that it has already impacted people." Aaron and his wife Melissa are required to immediately write a $135,000 check to the lesbian couple they refused to bake a wedding cake for, Rachel Cryer-Bowman and Laurel Bowman-Cryer, to...
  • Fears major bank is 'hours from collapse' as millions vote on Greeceís financial future

    07/05/2015 5:44:45 AM PDT · by RKBA Democrat · 55 replies
    Daily Mail UK ^ | 7-5-15 | Lydia Willgress
    (Title edited due to lemgth) Fears the central bank of Greece will collapse following today's referendum are rising as voters flocked to the polls to decide on their country's future. [snip] Officials are set to ask the European Central Bank (ECB) for emergency cash in a bid to stave off financial ruin following tonight's result, it has been reported. [snip] It comes as some sources also suggested ATMs will not open this evening in a bid to save money after EU leaders threatened to withdraw the euro in the event of a 'No' vote.
  • China to create $19B fund to support plunging stock market

    07/05/2015 3:20:44 AM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Jul 4, 2015 11:32 PM EDT
    More than two dozen companies in China are postponing initial public offerings and security companies are pledging more than $19 billion for a fund to stabilize the countryís free-falling stock market. The 28 companies, which had obtained permission from Chinaís securities watchdog for IPOs planned in Shanghai and Shenzhen, said they would postpone them due to recent market fluctuations and refund money already paid, the official Xinhua News agency announced late Saturday. That followed reports that regulators were asking companies to postpone the IPOs. [Ö] The Chinese stock market has been in free-fall for three weeks, losing 28 percent of...
  • The past five days have been worse than all that has gone before (Greece)

    07/04/2015 8:53:39 PM PDT · by dynachrome · 19 replies
    Financial Times ^ | 7-1-15 | Iliana Magra
    Sir, Memory. No memory of life before the financial crisis; politics has dominated it ever since. But now I can hardly remember life before Friday night. Fear. I am terrified of tomorrow, all I now see is black. Uncertainty, leading us through our days, every remainder of hope for a brighter future being destroyed by the minute. I look at my three-year-old niece, I envy her ignorance, I envy her age. I am 21 years old and the past few days I feel tired by life. A referendum that supposedly gives me the right to define my future, seems to...
  • Donald Trump: I didn't expect business backlash to be "quite this severe"

    07/04/2015 8:23:49 PM PDT · by Mariner · 112 replies
    CBS News ^ | July 4th, 2015 | By Reena Flores
    On the heels of several major corporations distancing themselves from Donald Trump's various business interests, the Republican presidential candidate admitted Saturday that he didn't think the corporate backlash to his inflammatory comments about Mexican immigrants would be "quite this severe." "I knew it was going to be bad because I was told this. All my life I have been told this: If you are successful, you don't run for office," Trump said in an interview on Fox News, addressing the recent spate of businesses that have severed their relationships with his brand. "I didn't know it was going to be...
  • Farage on Friday: The EU does NOT care about what is best for Greece

    07/04/2015 7:47:22 PM PDT · by dynachrome · 14 replies
    Sunday Express ^ | 7-3-15 | NIGEL FARAGE, MEP
    As my colleague Patrick OíFlynn recently pointed out in the Daily Express, the bullying of Greece by the EU has stepped up a notch. Threats, scaremongering and fear is being put about to keep that country locked within the Euro straightjacket. All those running the EU care about is their project. They care not for the best wishes of the Greek people, but simply for sustaining the economic madhouse they themselves have created. Locked inside the Euro, the Greek people have been long-suffering. Quite simply, the European Union is quite happy to see Greece crucified as long as the shattered...
  • China curbs IPOs, enlists brokers in all-out bid to end market rout

    07/04/2015 5:40:57 PM PDT · by BenLurkin · 6 replies
    rueters ^ | Sat Jul 4, 2015 8:19pm EDT | Michael Martina and Samuel Shen
    China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy. Beijing's reported suspension of initial public offers (IPOs) came a few hours after extraordinary announcements by major brokers and fund managers, which collectively pledged to invest at least $19 billion of their own money into stocks. China's government, regulators and financial institutions are now waging a concerted campaign to prop up the nation's two main share markets, amid fears that a meltdown would rock...
  • Texas wants its gold back inside the state's borders

    07/04/2015 3:57:40 PM PDT · by Enlightened1 · 35 replies
    AP ^ | 07/04/15
    Forget Fort Knox or the Federal Reserve. Texas has decided to start keeping its gold holdings within in its own borders. But what makes sense politically in such a sovereignty-loving place is creating a logistical conundrum. Texas is the only state that owns an actual stockpile of gold, according to public sector and financial industry experts - not just gold futures or investment positions, but approximately 5,600 gold bars worth around $650 million. The holdings, stored at a New York bank, for some harken back to century-old fears about the security of currency not backed by shiny bullion. The Legislature's...
  • Sugar, flour, rice: panicked Greeks stock up on essentials

    07/04/2015 2:14:45 PM PDT · by Kartographer · 58 replies
    AFP via Yahoo News ^ | 7/4/15 | Pauline Froissart
    Greeks were hoarding cash and food Saturday amid mounting fears the economy could collapse, cracking open their wallets only to stock up on essentials and stripping supermarket shelves in the process. Related Stories Split Greece teeters on the brink with referendum AFP Stakes rise in Greece's bailout referendum AFP Greeks rush to withdraw cash as MPs debate bailout referendum AFP Greece debates referendum amid fears of run on banks AFP Greek banks say have sufficient liquidity until Tuesday AFP Mothers, elderly men and university students were spotted pushing heavily overloaded trolleys or coming out of shops weighed down by bags...
  • The Greeks should vote ďno!Ē

    07/04/2015 10:27:15 AM PDT · by Tolerance Sucks Rocks · 60 replies
    The Washington Times ^ | July 2, 2015 | Peter Morici
    Sunday, Greeks should vote ‚Äúno‚ÄĚ!Hellenic voters are being asked whether they accept the terms offered by the European Union, European Central Bank and International Monetary Fund to extend the bailout for Athens‚Äė troubled finances or give Prime Minister Tsipras a mandate to insist on a better deal.Those conditions include more cuts in government supported pensions, higher taxes and labor market reforms other European governments‚Äô are often not inclined to accept in the conduct of their own affairs.Urging a Yes vote, European leaders and their supporters in private institutions claim more austerity would reinvigorate the Greek economy and permit Greeks to...
  • Progressive Paradise Lost

    07/04/2015 10:07:58 AM PDT · by Tolerance Sucks Rocks · 18 replies
    The Daily Signal ^ | July 1, 2015 | Salim Furth
    It¬ís a progressive paradise.Public employees get 30¬†vacation days a year. Anyone who works over eight hours in a day gets paid time-and-a-half. Employees have strong rights.The minimum wage is high: 77 percent of the median wage.Environmental regulations are settled beyond the pressure of local economic interests. The forests and mountains are pristine destinations for ecotourism.Energy costs are kept high, pushing consumption down to a level deemed ¬ďsocially beneficial¬Ē. Utilities have strong public backing and provide jobs to thousands.Union jobs in shipping are protected from outsourcing to cut-rate foreign competitors.The social safety net is buoyant and provides a solid working-class standard...
  • Donald Trump Will Have to Disclose His Net Worth and Earnings From Trump University, Judge Rules

    07/04/2015 10:02:46 AM PDT · by nickcarraway · 72 replies
    New York Daily News ^ | Friday, July 3, 201 | DAREH GREGORIAN
    Donald Trump has to put his mouth where his money is. The Republican presidential candidate will have to answer questions under oath about his net worth - and about how much money he raked in from his now-defunct Trump University, a California federal court judge ruled this week. Lawyers for The Donald had contended he didn't have to answer questions in a civil racketeering lawsuit about how much money he made from the "school" because he'd already acknowledged under oath that he had "significant involvement with both the operations and overall business strategy of Trump University." In a ruling Tuesday,...
  • Starting Wednesday, Obamacare will punish businesses who help employees with health care

    07/04/2015 9:18:19 AM PDT · by afraidfortherepublic · 21 replies
    Watchdog.org ^ | 7-4-15 | Eric Boehm
    Employers who reimburse their workers for health care costs will face massive tax penalties beginning Wednesday. Prior to the passage of the Affordable Care Act, with its mandate that all Americans purchase insurance and requirement for businesses to offer employees insurance plans, many small companies provided coverage by directly reimbursing medical costs or for the cost of private insurance plans. Businesses do it because thatís a less complicated process than dealing with an official health insurance plan, but continuing to do so after July 1 could cost them hundreds of dollars in fines each day. Business groups are calling attention...
  • Burger King Supports LGBT Rights With 'Proud Whopper' And 'Be Your Way' Campaign

    07/04/2015 7:24:37 AM PDT · by EBH · 132 replies
    Huffington Post ^ | 7/1/2015 | Curtis Wong
    In what could be a first for a global fast food outlet, Burger King is making a bold proclamation in support of the lesbian, gay, bisexual and transgender (LGBT) community with the launch of a specially packaged burger. The "Be Your Way" project was created at a Burger King franchise in San Francisco, where a limited edition "Proud Whopper" sandwich was added to the menu to coincide with the city's annual pride festivities. According to press materials, guests who ordered the "Proud Whopper" found that the sandwich was the same as a classic Whooper, but came wrapped in a rainbow-colored...
  • WHERE DO WE STILL MAKE STUFF IN AMERICA?

    07/04/2015 6:42:03 AM PDT · by SeekAndFind · 56 replies
    New Geography ^ | 07/04/2015 | by Richard Morrill
    The deindustrialization of the United States has been widely considered to be a major force in shaping the economy. Itís one thing to measure where decline has been greatest but where has manufacturing survived or even grown? I use Bureau of Labor Statistics data on manufacturing jobs by county for 1967 and 2014. The results were so surprising that I at first could not believe it. In 1967 the US had 19,423,000 manufacturing jobs, 25% of an employed labor force of 76 million, while in 2014 there were 11,900,000 such jobs, constituting only 8.3 % (that is one-third of the...
  • Why anyone who compares Puerto Rico to Greece is wrong

    07/04/2015 6:36:17 AM PDT · by SeekAndFind · 16 replies
    Washington Post ^ | 07/04/2015 | By Matt O'Brien
    Its economy has been shrinking for years, its debts have been piling up for even longer, and its government has finally admitted that even brutal tax hikes and spending cuts wouldn't be enough for it to pay back everything it owes. I'm talking, of course, about Puerto Rico. Its governor, Alejandro GarcŪa Padilla, admitted to the New York Times on Sunday that the island is going to have restructure its $72 billion in debt that is "not payable." Now, if it sounds like you've been hearing some variation of this story for years now, it's because you haveójust about Greece....
  • U.N. Sec-Gen: ďObama To Sign International Agreement To End Global PovertyĒ (VIDEO)

    07/04/2015 4:44:36 AM PDT · by 2ndDivisionVet · 67 replies
    Progressives Today ^ | June 30, 2015 | P.W. Adams
    Last Friday, while most Americans were distracted debating the pros and cons of the Confederate Flag, or lamenting the latest SCOTUS rulings, Democrats and one world supporters gathered in San Francisco, California to celebrate the 70th Anniversary of the United Nations. The event, held in San Francisco City Hall, was a Progressive star-studded event featuring the likes of Governor Jerry Brown, Mayor Ed Lee, and Democratic Congresswoman Nancy Pelosi. But the most compelling statement was made the the keynote speaker, the Secretary-General of the United Nations Ban Ki-Moon. Secretary Moon admitted that in September World Leaders, including President Obama,are set...
  • Wisconsin economy lags after Walker's spending and tax cuts

    07/04/2015 3:47:12 AM PDT · by 2ndDivisionVet · 64 replies
    The Chicago Tribune ^ | June 26, 2015 | Staff
    In 2011, new Republican Gov. Scott Walker set the creation of 250,000 jobs as the benchmark for success of his new administration. Walker missed that goal by a wide margin over his first term despite an embrace of sweeping tax cuts aimed at stimulating growth. Instead, the cuts helped dig a more than $2 billion hole in the state budget.Wisconsin ranked 36th among the states and District of Columbia in the pace of private-sector job growth during Walkerís term, trailing all Rust Belt states and all but one other state in the Midwest.A PROJECTED SURPLUS TURNS INTO A DEFICIT JANUARY...
  • NASCAR Distances Itself From Donald Trump After Remarks

    07/03/2015 8:30:56 PM PDT · by nickcarraway · 90 replies
    NASCAR is the latest corporation to distance itself from Donald Trump. On the same day one of its top sponsors called on NASCAR to take a stance against Trump, the motorsports series said it will not hold its season-ending awards ceremony at the Trump National Doral Miami. "We looked at everything we saw coming down and what we heard from our sponsors and our partners and what we feel we should be doing, and that's what led us to the decision today," NASCAR spokesman David Higdon said Friday at Daytona International Speedway. Trump's spokesman, Hope Hicks, declined to comment to...
  • First Lady Brings ĎLetís Moveí Message to Milan

    07/03/2015 8:13:35 PM PDT · by Tolerance Sucks Rocks · 38 replies
    CNSNews.com ^ | July 1, 2015 | Ali Meyer
    (CNSNews.com) - First lady Michelle Obama traveled to Milan last week as part of the ĎLetís Move!í Program to promote a ďglobal dialogue about the future of our food system,Ē according to the LetsMove.gov blog. Mrs. Obama led the Presidential Delegation to the Milan Expo 2015 with the theme ďFeeding the Planet, Energy for Life,Ē where she shared the ďsuccesses of Letís Move! and the efforts happening in the United States to support healthier lifestylesĒ and ďlearned from other countriesí leaders about how they are addressing the issue of childhood obesity and raising healthier families.Ē ďThatís why itís so important...
  • Greek banks prepare plan to raid deposits to avert collapse

    07/03/2015 5:53:34 PM PDT · by House Atreides · 85 replies
    FT.com ^ | July 3, 2015 | Kerin Hope
    Greek banks are preparing contingency plans for a possible ďbail-inĒ of depositors amid fears the country is heading for financial collapse, bankers and businesspeople with knowledge of the measures said on Friday. The plans, which call for a ďhaircutĒ of at least 30 per cent on deposits above Ä8,000, sketch out an increasingly likely scenario for at least one bank, the sources said.
  • In letter to employees, Humana CEO promises some jobs to remain in Louisville

    07/03/2015 1:07:17 PM PDT · by Republican Wildcat · 15 replies
    WDRB News ^ | 07/03/2015
    OUISVILLE, Ky. (WDRB) -- WDRB News has obtained an e-mail message that was distributed to Humana employees this morning, after news of a proposed sale of Humana to Aetna became public. The e-mail was from Bruce Broussard, the president and CEO of Humana. The text of that e-mail is reproduced below: (Click HERE to also view a FAQ that was distributed to stakeholders.) A Message from Bruce Broussard Today marks an important and exciting day in our companyís history. We have just announced that Aetna and Humana will merge to create a new healthcare organization. While there are many reasons...
  • The surging truth-tellers of the GOP (Ted Cruz and Don Trump)

    07/03/2015 10:22:07 AM PDT · by 2ndDivisionVet · 28 replies
    The Washington Times' Pruden On Politics ^ | July 2, 2015 | Wesley Pruden
    Donald Trump is surging in New Hampshire, and Chris Christieís back on the hunt, sounding like a born-again contender. Theyíre both long shots ó the Donald is off the board ó but theyíre making the kind of noise the wiseheads say they canít make. Bernie Sanders is the October surprise for Hillary, drawing the crowds of autumn a year early, and all the Queen of Avarice is collecting now is the stuff you get on your shoes on a stroll through the barnyard. Itís not a race, not yet, and the Gestapo, some of them decked out in the Nazi...
  • Since 2007 The US Has Lost 1.4 Million Manufacturers, Gained 1.4 Million Waiters And Bartenders

    07/03/2015 10:08:38 AM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 07/02/2015 | Tyler Durden
    Presented without comment. * December 2007 is when, according to the NBER, the recession started. The same recession which also according to the NBER ended precisely 6 years ago.
  • Greek banks down to Ä500m in cash reserves as economy crashes

    07/03/2015 8:35:26 AM PDT · by C19fan · 12 replies
    UK Telegraph ^ | July 2, 2015 | Ambrose Evans-Pritchard
    Greece is sliding into a full-blown national crisis as the final cash reserves of the banking system evaporate by the hour and swathes of industry start to shut down, precipitating the near disintegration of the ruling coalition. Business leaders have been locked in talks with the Bank of Greece, pleading for the immediate release of emergency liquidity funds (ELA) to cover food imports and pharmaceutical goods before the tourist sector hits a brick wall.
  • China State Official Hints Beijing May Bailout Greece

    07/03/2015 6:57:07 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 07/03/2015 | Tyler Durden
    On Monday, after Greek PM Alexis Tsiprasí dramatic referendum call sparked a run on Greek ATMs, grocery stores, and gas stations, we did our part to help ameliorate the situation by sending a subtle message to Athens: Dear Greece, if you want to apply for a loan from the Asian Infrastructure Investment Bank, send an email to: information@aiibank.orgó zerohedge (@zerohedge) June 28, 2015 Indeed, now may be an opportune time to tap Beijing for a few billion given that China officially launched the AIIB this week.†As a reminder, the success of Chinaís AIIB membership drive was a political disaster...
  • Oregon launches program to tax drivers by the mile

    07/03/2015 6:45:07 AM PDT · by Enlightened1 · 55 replies
    Fox News ^ | 07/03/15 | Dan Springer
    Oregon launches program to tax drivers per mile Never autoplay videos David Hastings is a rare American. This long-time hybrid car owner from Oregon wants to pay higher taxes for roads and bridges and says the current 30 cents per gallon state gas tax barely affects him. "I've been free-loading on the highways for 20 years driving electric cars or hybrid cars, getting at least 40 miles to the gallon. So I haven't been paying my share," Hastings said. Now, Hastings will pay more thanks to OReGO -- the first pay-by-the-mile program in the U.S. Oregonís Department of Transportation has...
  • Greek Prime Minister Alexis Tsipras learning EUís No. 1 rule: Donít mess with Angela Merkel

    07/03/2015 6:12:43 AM PDT · by canuck_conservative · 9 replies
    Financial Post [Canada] / Bloomberg ^ | Friday, July 3, 2015 | Matthew Campbell
    ... The German chancellorís disapproval helped end the political careers of former Italian prime minister Silvio Berlusconi and Greek leader George Papandreou. After burning through whatever goodwill he had with Merkelís lawmakers and the German public, the current Greek premier could be next.... ďWe are watching the end of the political career of Alexis Tsipras,Ē Jacob Kirkegaard, a senior fellow at Peterson Institute in Washington, said in a Bloomberg Radio interview. ďMr. Tsipras can continue his career on T-shirts for students, replacing Che Guevara.Ē... Refusing to play ball with Germany didnít turn out well for Berlusconi, whose premiership had survived...
  • Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%

    07/03/2015 5:50:41 AM PDT · by TurboZamboni · 21 replies
    CNS ^ | 7-2-15 | Ali Meyer
    CNSNews.com) - A record 93,626,000 Americans 16 or older did not participate in the nationís labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics. In June, according to BLS, the nationís civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one. The 157,037,000 who participated in the labor force equaled only 62.6 percent of the 250,663,000 civilian...
  • TRUMP, JUNE 23, 2015

    07/03/2015 5:41:19 AM PDT · by knarf · 7 replies
    youtube ^ | July 3, 2015 | knarf
    I like what he says and how he delivers
  • F-35 fighter makers leap to its defence after it loses dogfight to 1970s jet

    07/03/2015 5:15:47 AM PDT · by PotatoHeadMick · 54 replies
    The Daily Telegraph (UK) ^ | 02 Jul 2015 | Alan Tovey
    An extraordinary defence of the troubled F-35 Joint Strike Fighter has been issued by the Pentagon and Lockheed Martin, the lead company building the jet. The response came after influential military blog ďWar is BoringĒ published a story claiming the new ď5th generationĒ jet Ė which Britain is buying a fleet of Ė was unable to beat a 1970s design F-16 ď4th generationĒ fighter in a mock dogfight. The blog said it had seen a report from the F-35 test pilot on the exercise, explaining how his jet was too sluggish to get the older jet in his sights, and...