Business/Economy (News/Activism)

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  • Sucker Punch On Main Street - Disturbing Facts About The Fed's Phony Housing "Recovery"

    09/30/2016 7:52:34 PM PDT · by Lorianne
    Zero Hedge ^ | 28 September 2016 | Tyler Durden /Lee Adler
    Whether you think there has been a housing “recovery” or not is a matter of perspective. Sales are indeed up 117% since the 2010 low, but that low was literally the worst level in the history of this data (since 1963) as a percentage of population growth. It was the Great Depression of Housing, the only possible result of the greatest housing bubble since the 1920s, if not in history. While sales have rebounded since that low, the current sales rate has barely recovered to the levels seen at the recession lows of 1991 and 1982. This rebound is little...
  • Paxton Loses Last-Minute Bid to Stop Federal Internet Transition

    09/30/2016 4:15:03 PM PDT · by bushwon · 106 replies
    Texas Tribune ^ | September 30, 2016 | Patrick Svitek
    Attorney General Ken Paxton on Friday lost his last-minute bid for a court injunction to prevent the federal government from transferring its oversight of internet registrations to an international body. Hours before the transition was set to take effect, a federal judge in Galveston ruled against Paxton and three other state attorneys general who had asked him to temporarily halt the transfer while they pursue a lawsuit challenging it. The four sued the federal government late Wednesday after Republicans in Congress, led by U.S. Sen. Ted Cruz of Texas, failed to halt the transfer. At midnight Friday, the United States...
  • Mothballing the World's Fanciest Oil Rigs Is a Massive Gamble

    09/30/2016 3:44:45 PM PDT · by Lorianne · 8 replies
    Source material cannot be posted to FR | 19 September 2016
    see link below
  • Bill and Hillary Inc.

    09/30/2016 2:44:37 PM PDT · by Lorianne · 10 replies
    Economist ^ | 01 October 2016
    SEVERAL years ago your correspondent attended a talk that Bill Clinton gave to the rich and powerful of a megacity in Asia. On a sweltering night the former president discussed his philanthropic foundation and the global battle against AIDS, climate change and poverty. The host, the boss of a local bank, then asked Mr Clinton to give the audience a special insight into whether his wife would run again for president. Mr Clinton sidestepped the question—while trying to give the star-struck crowd a sense that they really had a window into American power. His financial disclosures later indicated he was...
  • EU Banking Mayhem, One Bank at a Time, then All at Once

    09/30/2016 2:34:52 PM PDT · by Lorianne · 12 replies
    Wolf Street ^ | 28 September 2016 | Wolf Richter
    The European banking crisis simply doesn’t let up. Currently, the big two German banks are grabbing the headlines away from the Italian banks, due to their size and the damage they could do to the global financial system. Other banks are in bigger trouble still, and some have already collapsed, with bailouts and bail-ins getting lined up. Deutsche Bank had to endure a horrendous Monday after it was leaked on Friday that Merkel had refused to entertain bailing out the bank before the general elections a year from now. Merkel’s popularity has gotten broadsided recently, and bailing out bank bondholders...
  • As Chicago Staunches Fiscal Bleed, Schools Are Awash in Red Ink

    09/30/2016 2:21:35 PM PDT · by Lorianne · 12 replies
    Source material cannot be posted to FR | 29 September 2016
    see link in post below
  • Trump Right on Trade Predators

    09/30/2016 11:37:55 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | September 30, 2016 | Pat Buchanan
    Consider. While U.S. elites were denouncing Donald Trump as unfit to serve for having compared Miss Universe 1996 to "Miss Piggy" of "The Muppets," the World Trade Organization was validating the principal plank of his platform. America's allies are cheating and robbing her blind on trade. According to the WTO, Britain, France, Spain, Germany and the EU pumped $22 billion in illegal subsidies into Airbus to swindle Boeing out of the sale of 375 commercial jets. Subsidies to the A320 caused lost sales of 271 Boeing 737s, writes journalist Alan Boyle. Subsidies for planes in the twin-aisle market cost the...
  • Fishermen Question Obama’s Ocean ‘Monument’ Preserve

    09/30/2016 11:39:40 AM PDT · by Spaghetti Man · 10 replies
    The Sandpaper ^ | September 28, 2016 | Maria Scandale
    Commercial fishing boat owners and groups are reacting to the executive action taken by President Obama that created a marine national preserve in the North Atlantic on Sept. 15. They say that banning commercial fishing there is unnecessary, since the fishing industry has already been working with government agencies on conservation measures.
  • How Democrats Stopped Worrying and Learned to Love Big Donor Money

    09/30/2016 10:57:32 AM PDT · by Theoria · 4 replies
    The New York Times ^ | 30 September 2016 | NICHOLAS CONFESSORE and RACHEL SHOREY
    Democrats denounced it as an assault on democracy and a sop to billionaires when the Supreme Court issued a ruling two years ago that loosened limits on campaign giving. But Hillary Clinton and Democratic Party leaders are now exploiting the decision, funneling tens of millions of dollars from their wealthiest donors into a handful of presidential swing states. The flow of money, documented in Federal Election Commission reports, shows Democrats expanding their fund-raising advantage in the final phase of the presidential race, defying expectations at the beginning of the campaign that Republicans would dominate the money chase. The shift has...
  • 9/11 Bill Crashes Saudi Stock Exchange, Bond Market Ambitions

    09/30/2016 8:33:30 AM PDT · by Lorianne · 35 replies
    Oil Price ^ | 28 September 2016 | Nick Cunningham
    With oil prices continuing to languish below $50 per barrel, the major oil producers in the Middle East are seeing their financial positions deteriorate. To plug the gap in the government budgets, the Gulf States are having to turn to the international bond markets. Saudi Arabia plans on taking out $10 billion to $15 billion in debt from international financial markets, but a controversial piece of legislation passed by the U.S. Congress could complicate Saudi Arabia’s plans. Congress passed a bill that would allow the victims of the September 11, 2001 attacks to sue Saudi Arabia for its potential involvement....
  • Solar Generated Less Than 1% of U.S. Electricity in First Half of 2016(hidabama plan)

    09/30/2016 7:55:33 AM PDT · by rktman · 36 replies
    cnsnews.com ^ | 9/30/2016 | Barbara Hollingsworth
    Solar energy accounted for less than one percent of the total electricity generated in the U.S. during the first six months of 2016, according to the U.S. Energy Information Administration’s (EIA) latest Monthly Energy Review. Table 7.2a of the report shows that the U.S. generated a total of 1,951,350 million kilowatthours (kWh) of electricity from January through June of this year. But solar-generated electricity made up only a small fraction of the total.
  • Despite economic gains, small businesses say, "What recovery?"

    09/30/2016 7:42:27 AM PDT · by kddid · 6 replies
    cbsnews.com ^ | September 29, 2016 | Ed Leefeldt
    Many small-business owners and academics aren’t buying into President Obama’s claim that the 5.2 percent rise in household income last year translates into an economic rebound. Truth be told, it could be the opposite...On Sept. 13, the U.S. Census Bureau reported that median household income jumped $2,800 -- slightly more than 5 percent in 2015. While speaking at a rally in Philadelphia for Democratic presidential candidate Hillary Clinton, President Obama called it a “big deal ... the single biggest one-year increase on record.”..But many Americans see it as a case of “been down so long it looks like up to me.” While...
  • Target Corporation's transgender bathroom pander costing its shareholders billions

    09/30/2016 6:15:24 AM PDT · by Zakeet · 53 replies
    American Thinker ^ | September 27, 2016 | Sierra Rayne
    Within a month after the misguided policy, the company's market cap had already declined by $9 billion compared to where it should have been had Target kept its pre-April 19 correlation with its primary competitors, Walmart (WMT) and Costco (COST). By late May, the market cap hit reached $10.5 billion. As of the second week of June, the loss was $11 billion. Second-quarter earnings data are now out, showing that Target's earnings plummeted nearly 10%, with projected lower sales estimates for the remainder of 2016. Net sales declined more than 7% from the same period year over year. Corporate executives...
  • Labor Secretary: Scalia's Death Makes it Easier to Unionize

    09/30/2016 6:01:37 AM PDT · by george76 · 8 replies
    Townhall ^ | 9/29/2016 | Cortney O'Brien
    It's been months since the passing of conservative Supreme Court Justice Antonin Scalia, but Democrats are still seemingly celebrating his death because it paves the way for their political purposes. At The Atlantic’s Washington Ideas Forum on Thursday, Labor Secretary Tom Perez casually noted that Scalia's death helped pave the way for union membership across the country. ... Unfortunately, Perez's comments are not isolated. In August, Ohio Senate Candidate Ted Strickland actually said “the death of Scalia saved labor” at an AFL-CIO event.
  • Was NAFTA Really So Bad for the Economy? Will NAFTA Come Back to Haunt Hillary Clinton?

    09/30/2016 4:32:46 AM PDT · by expat_panama · 91 replies
    The Fiscal Times ^ | September 28, 2016 | Janna Herron
    ...Trump called the trade agreement between Canada, Mexico and the United States “the single worst trade deal ever approved in this country” during the first presidential debate against Hillary Clinton. Earlier this year, Bernie Sanders leveled a similar criticism, calling it disastrous when debating the former secretary of date... ...But whether NAFTA has been good or bad for the U.S. economy depends largely on who you ask... ...NAFTA “means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement,” then-President Clinton said in 1993. Fast forward more than two decades later and NAFTA...
  • Deficit pain prompted Saudi Arabia to agree to oil production cuts

    09/29/2016 9:39:17 PM PDT · by aquila48 · 16 replies
    Calgary Herald ^ | September 29, 2016
    It took the kingdom’s new oil minister, Khalid Al-Falih, just six months to blink, ending the country’s two-year policy of pump-at-will. The decision at this week’s meeting of the Organization of Petroleum Exporting Countries in Algiers to cut production was necessitated by Saudi Arabia’s tattered finances. The kingdom has the highest budget deficit among the world’s 20 biggest economies, may delay its first international bond issue and now faces fresh legal uncertainty after the U.S. Congress voted Wednesday to allow Americans to sue the country for its involvement in 9/11. “Saudi Arabia wants higher prices,” said Amrita Sen, chief oil...
  • Ciattarelli set to become first Republican to enter 2017 N.J. governor's race

    09/29/2016 7:51:30 PM PDT · by GuavaCheesePuff · 1 replies
    Newark Star-Ledger ^ | September 29, 2016 | Brent Johnson
    TRENTON — State Assemblyman Jack Ciattarelli is set to become the first Republican to formally enter what's likely to be a crowded field seeking to succeed Gov. Chris Christie in next year's election. Ciattarelli (R-Somerset) is scheduled to declare his bid Tuesday at 3:30 p.m. at Manville High School. "I feel very strongly about pointing New Jersey in an entirely different and new direction," he told NJ Advance Media on Thursday. "I've got specific ideas on how to do that."
  • Hedge Funds Pull Business From Deutsche Bank

    09/29/2016 7:40:50 PM PDT · by drewh · 12 replies
    The Financial Times of London ^ | James Shotter in Berlin, Martin Arnold and Laura Noonan in London | 6 HOURS AGO by: James Shotter in Berlin, Martin Arnold and Laura Noonan in London
    Hedge funds have started to pull some of their business from Deutsche Bank, setting up a potential showdown with German authorities over the future of the country’s largest lender. As its shares fell sharply in New York trading, Deutsche recirculated a statement emphasising its strong financial position. European regulators and government officials have kept a low profile in public over Deutsche’s deepening woes. However, in private they have struck a sanguine tone, stressing that in extremis there is scope under European regulation to inject state funds to support the bank, provided it is done in line with market conditions. Marcel...
  • Study: Out-of-pocket costs for remedial education costs students billions

    09/29/2016 7:40:48 PM PDT · by GuavaCheesePuff · 18 replies
    Education Dive ^ | September 28, 2016 | Jarrett Carter
    The Center for American Progress reveals that students pay more than $1.3 billion in tuition and fees each year for remedial courses which qualify them for academic credits, but do not count towards graduation. California had the highest rate of out-of-pocket remedial spending with more than $205 million, while Alaskan students spent just $1.1 million, statistics generally attributed to student enrollment in these states. According to the survey, the majority of college students enrolled in remedial courses are ethnic minorities, including 56% of African American students and 45% of Hispanic students, compared to just 35% of white students.
  • WOW: Trump Camp SHATTERS Fund raising Records Less Than 24 Hours After Debate

    09/29/2016 7:29:33 PM PDT · by Enlightened1 · 25 replies
    Americans must believe in Donald Trump, because just after the first presidential debate, Trump raised millions of dollars for his campaign. According to The Hill, Trump’s campaign raised $18 million in less than 24 hours after that debate. “As a result of Donald Trump’s huge debate win last night, we had a massive fundraising day, bringing in more than $18 million,” Trump finance chairman Steven Mnuchin said in a statement.http://conservativetribune.com/trump-camp-shatters-records/  
  • Deutsche Bank Woes Stoking Fears of 2008 Financial Crisis Repeat (election black swan?)

    09/29/2016 7:27:42 PM PDT · by drewh · 8 replies
    Russian Times ^ | 28 Sep, 2016 11:32
    Europe’s biggest lender Deutsche Bank has lost more than half of its value since January, posing a threat to the stability of other banks across the continent. Some analysts are worried it could invoke a large-scale crisis, bigger than in 2008. Bank shares plummet to record low as Merkel rules out bailout After a massive sell-off, Deutsche Bank’s market value shrank to €14.5 billion. In dollar terms it is only $2 billion more than the $14 billion penalty the bank faces from the United States Department of Justice over its mortgage-backed securities business before the 2008 global crisis. Deutsche's problems...
  • PANIC As Margin Calls Begin: Deutsche Bank Has Financial System On The Cusp Of Collapse

    09/29/2016 4:35:35 PM PDT · by The Bat Ladys Husband · 99 replies
    Silver doctors.com ^ | 09/29/2016 | The Bat Ladys Husband
    DB stock is now in a full panic sell-off as I write this. It just hit another new all-time NYSE low on by the heaviest volume ever in the stock since its 2001 NYSE listing. It’s currently down almost 10%. No doubt the Central Banks will try to bounce it.
  • Pressure is building for Germany to show it's ready to rescue Deutsche Bank

    09/29/2016 3:56:36 PM PDT · by SkyPilot · 37 replies
    CNBC ^ | 29 Sep 16 | Jef Cox
    German officials could be about to find themselves in an uncomfortable position: Being called on to show they're ready to rescue a bank in a part of the world where such operations are considered taboo. Deutsche Bank came under intensified market fire Thursday, the latest salvo being a Bloomberg report that a small number of hedge funds are trimming their sails at the German bank. In a broad perspective, the move would represent a minor dent in Deutsche's derivatives clearing business. Barry Bausano, chairman of Deutsche's hedge fund business, told CNBC on Thursday that while there have been some outflows,...
  • Fact-checking Lester Holt at the First Presidential Debate: Did America Get a Raise in 2015?

    09/29/2016 12:29:02 PM PDT · by Redmen4ever · 15 replies
    Heartland Institute ^ | 9/29/16 | Clifford F. Thies
    For Lester Holt, the economy has been performing well, but there is a problem in the distribution of income. This is the liberal position. The conservative position is that the economy has been underperforming, growing at a slow rate, with many in the middle class losing purchasing power, and many losing faith in their ability to improve their lives.
  • Trump’s ‘ugly’ claim about stocks is backed by Morgan Stanley economist

    09/29/2016 11:38:30 AM PDT · by Ernest_at_the_Beach · 15 replies
    http://www.marketwatch.c ^ | Sept 29, 2016 2:17 p.m. ET | Mark DeCambre
    Donald Trump is seeing ugly bubbles in stocks. By MarkDeCambre “We are in a big fat ugly bubble, and we better be careful,” declared Republican presidential nominee Donald Trump at the first of three debates with Democratic rival Hillary Clinton on Monday. The statement was one of many zingers Trump lobbed as he attempted to cast the economy and the U.S. market as standing on a precarious footing. It is a charge that, in part, he hopes will serve as a rebuke to President Barack Obama’s presidency and indirectly to Clinton who served as U.S. Secretary of State. At least...
  • Deutsche Bank can only be saved by the German government, strategist says

    09/29/2016 9:28:44 AM PDT · by TigerLikesRooster · 33 replies
    CNBC ^ | 2016/09/29 | Matt Clinch
    Deutsche Bank can only be saved by the German government, strategist says Matt Clinch | @mattclinch81 Only a substantial intervention by the German government can stop the collapse of the country's largest lender, Deutsche Bank, according to Stefan Müller, the CEO of Frankfurt-based boutique research company DGAW. "Deutsche Bank doesn't realize that something serious needs to happen," he told CNBC via telephone on Thursday morning. "(CEO John) Cryan clearly showed that he has no idea how to survive." The embattled German lender saw a respite on Wednesday from hefty selling seen in previous sessions amid contradictory reports on whether the...
  • Thanks To Justice Kennedy, States Now Feel Free To Tax Internet Commerce

    09/29/2016 8:42:53 AM PDT · by reaganaut1 · 10 replies
    Forbes ^ | September 29, 2016 | George Leef
    Probably the greatest rarity among politicians would be one who said (and really believed), “The government collects plenty of money as it is and I don’t want to plunder the taxpayers any further.” The vast majority of them know that spending tax dollars helps them remain popular and that’s why they’re constantly looking for new revenue streams. They will even trample upon clear legal rulings when they get in the way of their designs on the wealth of the citizens they supposedly serve. A new example is the renewed push by state officials to impose sales taxes on out-of-state transactions,...
  • Applications for US unemployment aid tick higher to 254,000

    09/29/2016 6:41:49 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Sep 29, 2016 8:47 AM EDT | Christopher S. Rugaber
    More Americans sought unemployment benefits last week but the number of applications remained low, the latest sign that layoffs are scarce. […] The Labor Department said Thursday that weekly applications for jobless aid rose 3,000 to a seasonally adjusted 254,000. The four-week average, a less volatile measure, ticked down to 256,000, matching a 43-year low first reached in April. […] The economy is expanding, though at a sluggish pace, growing just 1.4 percent in the April-June quarter, according to a separate government report Thursday. …
  • Congress Can Save the Internet

    09/29/2016 5:38:19 AM PDT · by george76 · 28 replies
    WSJ ^ | Sept. 11, 2016 | L. Gordon Crovitz
    The White House will end U.S. oversight at month’s end, unless lawmakers step in. resident Obama wants this to be the last month of an open, uncensored internet guaranteed by the U.S. government. His plan to end American stewardship would hand new power to authoritarian governments offended by the internet as we know it. The good news is it appears congressional leaders have agreed to rescue the internet in time to prevent the Sept. 30 expiration of U.S. oversight. Sen. Ted Cruz, who has pushed hard against the plan since it was announced two years ago, told me last week...
  • Another Health Insurance Giant Flees More Obamacare Markets (PREMIUM HIKES)

    09/29/2016 4:56:22 AM PDT · by GailA · 11 replies
    Townhall ^ | 9/28/16 | NA
    Since everyone's still buzzing about Monday night's debate seen 'round the planet, I figured I'd offer some counter-programming. Hillary Clinton has said on multiple occasions that Obamacare is "working," but that it needs some "fixes" such as an even bigger government role and more taxpayer funding. Just last week, Harry Reid claimed that Americans who read the news know that the law has been a positive for the country. (Click through on those links for our detailed rebuttals at the time). The ongoing reality is that this failed, unpopular, party-line policy experiment is collapsing under its own weight. The latest...
  • HEDGE FUND LEGEND JULIAN ROBERTSON: Everything is in a bubble and it will end in 'chaos'

    09/29/2016 4:06:55 AM PDT · by expat_panama · 30 replies
    Business Insider ^ | September 28, 2016 | Bob Bryan
    Julian Robertson, the legendary hedge fund manager behind Tiger Management, thinks central banks are fueling bubbles throughout financial markets. "We don't have negative rates here in the States yet, but I think it's tragic that we've taken rates down this far," Robertson said this week at Bloomberg's Surveillance Primetime event. "I know the Federal Reserves all over the world are trying to ensure prosperity, but in doing so I think they are ensuring a huge bubble, which will be pricked, and we will all be hurt by it." Negative and near-zero interest rates from central banks have allowed increased borrowing......
  • Clintons’ Payments To Email Technician Match Up With Tax Deductions

    09/29/2016 4:01:55 AM PDT · by NYer · 22 replies
    Daily Caller ^ | September 29, 2016 | Chuck Ross
    Tax deductions that Bill and Hillary Clinton took for computer maintenance expenses match up closely with payments they made to Bryan Pagliano, Hillary Clinton’s personal email technician, a Daily Caller investigation reveals. The payments to Pagliano were revealed in notes released on Friday from his Dec. 22 interview with the bureau. Investigators cited documents showing that the Clintons made a $5,000 transfer to Pagliano in 2009, and another in June 2011 for $8,350.83.FBI notes from Dec. 22, 2015, interview with Bryan Pagliano The Clintons’ publicly available tax filings show that the former first couple deducted similar amounts from Bill Clinton’s speechmaking...
  • Exclusive: U.S. approves Boeing, Lockheed fighter jet sales to Gulf - sources

    09/28/2016 11:12:03 PM PDT · by sukhoi-30mki · 4 replies
    Reuters ^ | Sep 28, 2016 | Andrea Shalal
    The United States on Wednesday began notifying lawmakers that it has approved $7 billion in long-stalled sales of Boeing Co (BA.N) fighter jets to Kuwait and Qatar, and more than $1 billion in Lockheed Martin Corp (LMT.N) jets to Bahrain, sources familiar with the decision said. The sales had been pending for more than two years amid concerns raised by Israel, Washington's closest Middle East ally, that arms sold to Gulf Arab states could be used against it, and criticism of Qatar for alleged ties to armed Islamist groups. U.S. officials began notifying lawmakers informally about the sale of 36...
  • Bienvenue en France: France cuts red tape for UK firms

    09/28/2016 10:20:19 PM PDT · by Olog-hai
    TheLocal.fr ^ | 28 Sep 2016 14:21 GMT+02:00
    French authorities said on Wednesday they would fast-track the process for British-based financial firms to decamp to France after Britain quits the European Union. The move by France’s banking and insurance regulators aims to enable companies currently located in Britain to go on operating freely across the European single market. […] As an EU member, British-based firms have so-called passporting rights, which allow them to do business across the 28-nation EU and the 31-strong European Economic Area, which includes Iceland, Liechtenstein and Norway. But Britain’s departure from the bloc could strip companies of those rights, which are expected to be...
  • Commerzbank set to cut 9,000 jobs, dividend in revamp [Germany]

    09/28/2016 9:29:16 PM PDT · by Lorianne · 1 replies
    RTE ^ | 27 September 2016
    Commerzbank aims to cut around 9,000 jobs in the next few years and will scrap its 2016 dividend as part of efforts to reduce costs in the face of negative interest rates. This is according to a source close to the bank's supervisory board. The job cuts will be spread over the next few years up to 2020, but the size of the cull, representing nearly a fifth of the workforce at Germany's second biggest bank, implies that compulsory layoffs cannot be ruled out, the person said. "This is much more radical than previous measures," the person said. The revamp...
  • What Fiscal Stimulus? Next President Will Inherit Trillions Of Built-In Deficits

    09/28/2016 9:07:06 PM PDT · by Lorianne · 10 replies
    Contra Corner ^ | 26 June 2016 | Nick Timiraos
    Donald Trump and Hillary Clinton are likely to recite their varied promises for fresh government spending at Monday’s first presidential debate. One reality they’re unlikely to note: Whoever wins in November will enjoy far less latitude to spend money or cut taxes than any president since World War II. Not since Harry Truman will a new leader enter office with a higher debt-to-GDP ratio. And for the first time in decades, the new president will face the specter of widening deficits despite a growing economy. “The next president, no doubt, is going to be very constrained,” said Rep. Charlie Dent,...
  • What Happened When New Zealand Got Rid of Government Subsidies for Farmers

    09/28/2016 9:02:11 PM PDT · by Tolerance Sucks Rocks · 96 replies
    The Daily Signal ^ | September 22, 2016 | Josh Siegel
    In 2006, Chris Hausman, a fourth-generation Midwestern farmer long accustomed to depending on government support for survival, traveled across the world to witness a revolution in agriculture. It had been more than 20 years since a left-leaning government in New Zealand chose to eliminate government subsidies for farmers, and Hausman was surprised at what had transpired since. “I will tell you it was a shock to their agricultural system,” says Hausman, 58, who farms corn and soybeans on a 1,500-acre plot 150 miles south of Chicago. “You had a system dictated by government programs that was thrown out the window...
  • More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade

    09/28/2016 8:42:37 PM PDT · by Theoria · 21 replies
    The New York Times ^ | 29 September 2016 | Peter S. Goodman
    Trade is under attack in much of the world, because economists failed to anticipate the accompanying joblessness, and governments failed to help. For as long as ships have ventured across water, laborers like Patrick Duijzers have tied their fortunes to trade. He is a longshoreman here at Europe’s largest port, and his black Jack Daniel’s T-shirt, hoop earrings and copious rings give Mr. Duijzers the look of a bohemian pirate. His wages put him solidly in the Dutch middle class: He has earned enough to buy an apartment and enjoy vacations to Spain. Lately, though, Mr. Duijzers has come to...
  • Manuka honey could fight off deadly infections in hospital equipment

    09/28/2016 6:34:34 PM PDT · by Lorianne · 53 replies
    Telegraph (UK) ^ | 27 September 2016 | Henry Bodkin
    Manuka honey could be a powerful new weapon in the battle against hospital-acquired infections, scientists have revealed. Researchers at Southampton University found that cleansing medical equipment with solutions derived from the Australia and New Zealand-based honey reduced the ability of potentially deadly bacteria to accumulate on surfaces by more than 75 per cent. The discovery could transform safety for groups at particular risk of bacterial infections, such as the one-in-four hospital inpatients who use a catheter, thousands of whom suffer urinary-tract and other infections each year.
  • Low Oil Prices Are Not The Reason Oil Companies Are Going Bankrupt

    09/28/2016 6:31:19 PM PDT · by Lorianne · 5 replies
    Oil Price ^ | 26 September 2016 | Dave Forest -
    The real reason energy companies are going bankrupt is more technical. Reserve base lending for unconventional reservoir projects became a ponzi scheme. This is how it works. Step 1) An oil company borrows money or issues equity to drill a well. Step 2) The well “discovers” oil. The reason I put discover in quotations is that the resource (not reserve, there is a difference) potential of shale source rocks has been known for decades. Step 3) Estimate the resource and reserve potential. NB: Resource is properly defined as uneconomic at the current price. Reserve is properly defined as economic at...
  • 'Death spiral'? ObamaCare problems making coverage harder to afford, find

    09/28/2016 4:57:47 PM PDT · by Rockitz · 30 replies
    FoxNews.com ^ | 28 September 2016 | Dan Springer
    When Health Republic Insurance of New Jersey announced recently that it’s $46 million in debt and shutting down, it became the 17th failed ObamaCare co-op since the Affordable Care Act launched three years ago. Those failures – just six of the original 23 co-ops remain – have left hundreds of thousands of people scrambling for coverage. Meanwhile, insurers claiming big losses are leaving some state exchanges -- including Indiana University Health Plans, whose exit is expected to result in 27,000 Indiana residents losing ObamaCare plans in 2017. And companies still operating in the federal and state exchanges are raising premiums...
  • Shocking Report Reveals Scientists Have Created the Word’s First Baby With Three-Parents

    09/28/2016 3:43:38 PM PDT · by NYer · 33 replies
    Life News ^ | September 28, 2016 | STEVEN ERTELT
    A shocking new report claims the world’s first three-parent baby (pictured above) has been born. Children born through ‘three-person IVF’ would contain some genetic material from each of three different people. ADVERTISEMENT ADVERTISEMENT There are about 50 known mitochondrial diseases (MCDs), which are passed on in genes coded by mitochondrial (as opposed to nuclear) DNA. They range hugely in severity, but for most there is presently no cure and little other than supportive treatment. The goal behind creating “designer babies” with three parents is to eliminate such diseases.But there are good reasons for pro-life people to be concerned about...
  • Jury Comes Down Hard On Big Union's Intimidation Campaign

    09/28/2016 12:45:52 PM PDT · by detective · 11 replies
    IBD ^ | 9/27/2016 | HEATHER GREENAWAY
    Bullying and intimidation tactics -- that's what we've come to expect of Big Labor today. Two weeks ago in Texas, a jury awarded $5.3 million in damages to Texas-based Professional Janitorial Services of Houston (PJS) after a local Service Employees International Union (SEIU) was found to have waged a campaign of misinformation and defamation against them. SEIU Local 5 had been trying to unionize Houston's large janitorial companies through its "justice for janitors" campaign for years, and but for the Professional Janitorial Services (PJS), it was successful. PJS remained the final holdout -- causing Local 5 to resort to nefarious...
  • "There's A Real Problem Here" - Did Fed's Plosser Just Admit Trump Is Right About Yellen?

    09/28/2016 10:02:24 AM PDT · by Rockitz · 25 replies
    ZeroHedge.com ^ | 28 September 2016 | Tyler Durden
    Former Philly Fed President Charles Plosser got a lot off his chest this morning during a Bloomberg TV interview. Decrying that central bankers "wring their hands all the time," Plosser noted that The Fed was very "concerned about credibility," and was "pretty good at conjuring up reasons not to act." His mutinous discussion then concluded, sounding very Trumpian, by noting that The Fed "shouldn't be afraid a recession might come," exclaiming "there's a real problem here" with The Fed.
  • Donald Trump Round Table With Hispanic Workers in Miami, Florida (9-27-16)

    09/28/2016 7:31:05 AM PDT · by Paul R. · 5 replies
    LIVE SATELLITE NEWS on You Tube ^ | 9-27-16 | LIVE SATELLITE NEWS
    After last nights debate Donald Trump is in Florida...
  • Congress divided as shutdown again threatens troop pay

    09/28/2016 6:35:46 AM PDT · by pabianice · 14 replies
    Stars and Stripes ^ | 9/28/16 | Tritten
    WASHINGTON — It was Obamacare in 2013 and Planned Parenthood last year. Call it déjŕ vu all over again – Congress is risking a government shutdown that could freeze troop pay and squeeze civilian defense workers, this time over the water crisis in Flint, Michigan. Senate Democrats and Republicans, who were unable to craft an annual budget on time, were still fighting Tuesday over aid for Flint and a stop-gap measure to temporarily keep money flowing after Friday to the Defense Department and the rest of the federal government. A year ago, troops were also facing a pay freeze and...
  • Uh, Hillary, Your Hubby Caused the 2008 Recession

    09/28/2016 5:12:01 AM PDT · by detective · 18 replies
    American Thinker ^ | September 28, 2016 | Jack Cashill
    On the debate stage Monday night, Hillary Clinton smugly repeated the big lie that Democrats have been telling with something close to impunity since 2008. “We had the worst financial crisis, the Great Recession, the worst since the 1930s,” said Hillary. “That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.”
  • Some Houston taco trucks to serve as voter registration booths

    09/28/2016 4:19:08 AM PDT · by a fool in paradise · 20 replies
    Houston Chronicle ^ | September 27, 2016 | Darla Guillen
    Two Houston organizations on Tuesday launched a voter registration campaign that pokes fun at a controversial comment made by Latinos for Trump founder Marco Gutierrez... ...Now Latino advocate group Mi Familia Vota is teaming up with Thomas Hull, the founder of Houston design firm Rigsby Hull, to kick off a campaign that will turn some local taco trucks into voter registration booths. Mi Familia Vota is an organization that encourages and facilitates Latinos' political involvement. The organizers will also be informing locals where they can vote on Election Day. The campaign launches Tuesday, National Voter Registration Day, and runs through...
  • Why Yellen may quit if Trump wins

    09/28/2016 3:08:02 AM PDT · by expat_panama · 103 replies
    Market Watch ^ | Sept 27, 2016 12:33 p.m. ET | Steve Goldstein
    Even with two years remaining in her term, Federal Reserve Chairwoman Janet Yellen may quit if Donald Trump is elected president, an economist argued on Tuesday. Paul Ashworth, chief U.S. economist at Capital Economics, said in a note to clients that Trump doubled down on criticism of the Fed during his debate with Hillary Clinton. Trump said the U.S. economy is in a “big, fat, ugly bubble” and specifically called out Yellen. “And we have a Fed that’s doing political things. This Janet Yellen of the Fed,” he said. “The day Obama goes off, and he leaves, and goes out...
  • The Needham Report Forecasts Bitcoin Price to Hit $848

    09/28/2016 12:46:18 AM PDT · by aquila48 · 33 replies
    newsbtc ^ | September 27, 2016 | Gautham
    How is Bitcoin faring in the market and what’s in store for the digital currency community in the near future? A recent assessment made by Needham report draws an outline of all the things that might soon happen with the most popular cryptocurrency. One glance at the report, and it is quite evident that the digital currency is right on track. According to the report, the adoption rate of Bitcoin has been better than all previous expectations. With increasing demand, the price projections for the digital currency has improved as well. The Needham report has revised its project from $655...