Business/Economy (News/Activism)

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  • China official calls out Trump over charge of currency manipulation

    06/29/2016 10:17:42 AM PDT · by Enlightened1 · 11 replies
    Asia Times ^ | 06/29/16 | Asia Unhedged
    China’s Foreign Ministry has pretty much had it with Donald Trump. Join the party. Speaking about his trade policies on Tuesday, the presumptive Republican candidate for the US presidency called China the “grand master” of currency devaluation and said if elected he would label Beijing a currency manipulator. Breaking with their strategy of not directly criticizing Trump, the Foreign Ministry responded on Wednesday by saying the yuan’s exchange rate was not the reason for unbalanced trade ties with the US and more to the point it said Trump’s trade policies are irrational. For much of his campaign, Trump has focused...
  • Dow Jones Industrial Average Surges As Investors Brexit Fears Fade, Nike Inc. (NKE) Stock Slides

    06/29/2016 10:02:15 AM PDT · by Eddie01 · 6 replies
    Internation Business Times ^ | 06/29/16 AT 8:46 AM | By IBT Staff
    U.S. stocks rallied for a second day Wednesday as the initial panic surrounding Britain's vote to leave the European Union settled and investors sought out bargains.
  • Debate of Puerto Rico rescue (not a bailout) bill in the U.S. Senate live now

    06/29/2016 7:05:37 AM PDT · by cll · 13 replies
    U.S. Senate ^ | 06/29/16
    The purpose of this post is to alert the Puerto Rico Ping List to live U.S. Senate proceedings that greatly affect the island today. Others are welcome to it and chime in, of course. The Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) undergoing the 60 vote rule at the U.S. Senate. For newcomers to the subject, Puerto Rico sub-divisions have no access to U.S. bankruptcy courts, the island is broke, and this basically opens a new bankruptcy chapter for the island and other territories, and also provides for the establishment of a fiscal control board to get the...
  • Nigel Farage Batters Obama: "He Came To Britain And Behaved Disgracefully"

    06/29/2016 5:43:45 AM PDT · by Zakeet · 35 replies
    ZeroHedge ^ | June 29, 2016
    Back in April President Obama took a trip over to the UK in order to lecture another country on how to vote - Obama of course was staunchly in the Remain camp. Obama even penned an op-ed titled: "As your friend, let me say that the EU makes Britain even greater." Of course, we all know the historic outcome of the Brexit vote, and we have even asked if it was Barack Obama who actually was the deciding factor: UKIP leader Nigel Farage has never been shy of course, but lately has been making sure to remember all of those...
  • Venezuelans are storming supermarkets and attacking trucks as food supplies dwindle

    06/29/2016 5:13:29 AM PDT · by Olog-hai · 57 replies
    Washington Post ^ | June 28, 2016 at 12:31 PM | Joshua Partlow and Mariana Zuiga
    In the darkness the warehouse looks like any other, a metal-roofed hangar next to a clattering overpass, with homeless people sleeping nearby in the shadows. But inside, workers quietly unload black plastic crates filled with merchandise so valuable that mobs have looted delivery vehicles, shot up the windshields of trucks and hurled a rock into one drivers eye. Soldiers and police milling around the loading depots give this neighborhood the feel of a military garrison. [] The fight for food has begun in Venezuela. On any day, in cities across this increasingly desperate nation, crowds form to sack supermarkets. Protesters...
  • Obama Makes An Impossible Clean Energy Promise

    06/29/2016 4:36:32 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 6/28/2016 | Staff
    Energy: At a "Three Amigos" summit in Ottawa this week, President Obama and the leaders of Canada and Mexico will pledge that in less than a decade, half of North America's energy will come from "clean" sources. The administration calls it "ambitious." We call it "ludicrous." Since the U.S. accounts for three-quarters of the total energy produced by these three countries, the responsibility of living up to any such agreement would fall most heavily on the U.S. So is there a reasonable chance that the U.S. could achieve such a goal? Let's look at some of the relevant facts. According...
  • Clinton Email Scandal: Is The Cover-up Worse Than The Crime?

    06/29/2016 4:00:24 AM PDT · by IBD editorial writer · 27 replies
    Investor's Business Daily ^ | 6/29/2016 | John Merline
    Bad news about Hillary Clinton's use of a private email server while Secretary of State keeps dribbling out. The latest is that she failed to turn over dozens of work-related emails, many of which just happen to completely undercut key claims she's made over the past year.
  • Nearly half of U.S. workers consider themselves underemployed, report says

    06/29/2016 3:44:14 AM PDT · by george76 · 16 replies
    Chicago Tribune ^ | June 28, 2016 | Alexia Elejalde-Ruiz
    <p>Nearly half of U.S. workers consider themselves underemployed, according to a survey of more than 960,000 people by PayScale, an online provider of salary information.</p> <p>Three-quarters of those who label themselves as such say they're not working in a job that uses their education and training. One quarter say they are working part time but want full-time work.</p>
  • Its Time for the Elites to Rise Up Against the Ignorant Masses

    06/29/2016 3:20:27 AM PDT · by AC Beach Patrol · 63 replies
    Foreign Policy ^ | James Traub
    The Brexit has laid bare the political schism of our time. Its not about the left vs. the right; its about the sane vs. the mindlessly angry.
  • Eurozone rocked by Brexit: Now George Soros bets 100m on German bank collapse

    06/28/2016 11:46:39 PM PDT · by Trump20162020 · 10 replies
    The UK Express ^ | June 28, 2016 | Rebecca Perring
    BILLIONAIRE investor George Soros took out a staggering 100MILLION bet that a major German bank would collapse after Britain decisions to cut ties with the crumbling EU. The man who "broke the Bank of England" took a short position of 0.51 per cent in Deutsche Bank shares on Friday - the day after the people of Britain backed Brexit. In growing signs that desperate Angela Merkel's economy is struggling in the wake of the nation's decision to leave the EU - Soros Fund Management said its short position was now 0.46 per cent - suggesting it had begun to take...
  • HOT lane lottery makes a mockery of GTA traffic woes: Keenan

    06/28/2016 10:00:41 PM PDT · by Tolerance Sucks Rocks · 8 replies
    The Toronto Star ^ | June 24, 2016 | Edward Keenan
    The Ontario lottery corporation recently started advertising its newest scratch-and-win lottery: tickets cost $30 (the highest price among its lotteries), and the top prize is a cool $2.5 million. Now, if you want an indication of how bad traffic is in the GTA, consider that Transportation Minister Steven Del Duca announced a lottery of his own on Thursday: tickets cost $180 each, though you only pay if you win. The prize? One of 1,000 permits to drive in an uncongested highway lane for 16 kilometres between Burlington and Oakville. The ad copy writes itself: Imagine the freedom of cruising at...
  • Bacon Infused Vodka Leads to Arrest of Oklahoma Bartender

    06/28/2016 8:48:00 PM PDT · by Fractal Trader · 57 replies
    Legal Insurrection ^ | 28 June 2016 | Kemberlee Kaye
    The Pump Bar has been infusing vodka with bacon, garlic, and jalepenos to serve in their brunch bloody marys. Local news reported: Back in February, the ABLE Commission was called out to investigate a noise complaint. While it didnt find any noise problems, there was something else suspicious. They found bottles of alcohol were being emptied, contents put in the liquor and put back into the bottle, said M.Sgt. Gary Knight with the Oklahoma City Police Department. The police report shows a list of things garlic, pickles, beef and even bacon, being infused into vodka. Obviously this is a...
  • TRUMP BLASTS TRADE DEALS, DEPARTING FROM GOP ORTHODOXY (Go Trump)

    06/28/2016 7:55:08 PM PDT · by cba123 · 58 replies
    Associated Press ^ | June 28, 2016 5:55 PM EDT | By JILL COLVIN and LISA LERER
    MONESSEN, Pa. (AP) -- Donald Trump called for a new era of economic "Americanism" Tuesday, promising to restore millions of lost factory jobs by backing away from decades of U.S. policy that encouraged trade with other nations - a move that could undermine the country's place as the dominant player in the global economy. The speech marked a significant break from years of Republican Party advocacy for unencumbered trade between nations, and drew immediate condemnation from GOP business leaders. Read the full article at link: http://hosted.ap.org/dynamic/stories/U/US_CAMPAIGN_2016?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-06-28-14-55-42
  • Surprise! Most Corrupt Bankster in U.S. Endorses Hillary Clinton

    06/27/2016 9:23:00 AM PDT · by all the best · 16 replies
    LewRockwell.com ^ | June 27, 2016 | Thomas DiLorenzo
    Its hard to imagine a better endorsement of Donald Trumps economic policies whatever they may be, whenever he finds the time to explain them than the recent endorsement of Hillary Clinton by former Goldman Sachs CEO and U.S. Treasury Secretary Hank Paulson. As the man in charge of the biggest explosion of corporate welfare in world history the TARP bailouts, he defined himself as a sworn enemy of capitalism and a socialist when it comes to the capital markets. Socializing billions of dollars in investment bank, insurance company, and automobile industry losses with taxpayer dollars qualifies Paulson...
  • Elites Set Up New Conflict Between Populism and Globalism as Chaos Looms

    06/28/2016 7:10:53 PM PDT · by Lorianne · 33 replies
    Daily Bell, the ^ | 27 June 2016
    Did we ever think we would see the day when the New York Times would willingly acknowledge a battle over globalization? And it not just the New York Times. Here are some other mainstream media headlines mentioning globalism: Brexit: Unraveling of a Global Post-War Structure Brexit: Asian powers warnings over global stability Brexits Impact on Global Economy Depends on Leaders The mainstream media usually doesnt acknowledge globalism as an issue. Like central banking it is simply asserted as a fact, as natural as the air we breathe. But now all of a sudden we are finding out it is a...
  • Dealing with a Financial Crisis under cover of Brexit Chaos

    06/28/2016 6:07:46 PM PDT · by Lorianne · 8 replies
    Wolf Street ^ | 26 June 2016 | Wolf Richter
    Remember TARP, the Troubled Asset Relief Program that the US Congress approved to bail out banks and other companies during the Financial Crisis? $700 billion were authorized, later reduced to $475 billion. The Treasury eventually dispersed $432 billion. I bring this up because the ECB bailed out the European banks with more than TARP, in just one day: on Brexit Black Friday. The ECB saw what was happening to the shares of the largest banks on that propitious day. It saw a blooming financial crisis: Top UK Banks: HSBC, the apparent winner in this fiasco, perhaps because of its exposure...
  • San Francisco seeks to ban pension fund from investing in gun industry

    06/28/2016 6:07:31 PM PDT · by Lonely Bull · 22 replies
    KTVU ^ | Jun 28 2016
    SAN FRANCISCO (KTVU) -- The San Francisco Board of Supervisors on Tuesday approved a measure that would ban the city employee retirement system from investing in companies that participate in firearm and ammunition manufacturing. The resolution by the supervisors could have a ripple effect throughout the country as the debate about gun control grows in the wake of a mass shooting in Orlando two weeks ago at a gay nightclub that left 50 people dead and several others injured. San Francisco Mayor Ed Lee is trying to gather support nationwide by asking the mayors of both Boston and New York...
  • Richard Branson says cancels deal involving 3,000 jobs after Brexit vote

    06/28/2016 5:05:32 PM PDT · by SoFloFreeper · 66 replies
    British entrepreneur Richard Branson today said his Virgin Group had pulled out of a deal involving 3,000 jobs after Britain voted to leave the EU. In a television interview, the billionaire businessman added that Britain was heading for recession after the pound slumped to its lowest level against the dollar in more than three decades in the immediate aftermath of last Thursdays referendum result.
  • Brexit sore losers and NeverTrumps have a lot in common

    06/28/2016 4:21:44 PM PDT · by SoFloFreeper · 3 replies
    cnbc ^ | 6/28/16 | Jake Novak
    One of the more common phrases you hear on social media and in political debates today is "elections have consequences." And that's true for the most part, as candidates and parties that win elections usually get more power and freedom to impose their favored policies. But it would be a lot nicer if elections had more than just consequences. It would be better if elections taught lessons, especially to those who lose the elections. But that's not what's happening right now in Britain.... ...And don't forget the most tragically clueless response of all: the push to have the entire referendum...
  • Airbnb sues over registration of San Francisco homes

    06/28/2016 3:05:58 PM PDT · by 867V309 · 21 replies
    www.yahoo.com/news/ ^ | June 28, 2016 | afp
    San Francisco (AFP) - Home sharing site Airbnb is suing San Francisco over a new law requiring that anyone who offers their home through the rental site first register the dwelling with the city. Under the new rule, Airbnb would be fined $1,000 a day for each listing on its site that has not been registered in advance.
  • Merkel: Britain cant cherry-pick Brexit terms

    06/28/2016 2:53:50 PM PDT · by Olog-hai · 114 replies
    TheLocal.de ^ | 28 Jun 2016 16:25 GMT+02:00 | (AFP)
    German Chancellor Angela Merkel said Tuesday that the EU could survive a Brexit and warned Britain the union would not tolerate cherry-picking in upcoming negotiations on their future relations. The EU is strong enough to withstand Britains withdrawal, she told the German parliament ahead of a crisis summit of the 28 member states in Brussels. [] We will ensure there are no negotiations based on the principle of cherry-picking, she said to applause. There must be and will be a noticeable difference between whether a country wants to be a member of the European Union family or not. She added:...
  • 'Game Changer': Giant Helium Field Found in Tanzania

    06/28/2016 2:40:26 PM PDT · by sparklite2 · 82 replies
    Newser ^ | Jun 28, 2016 | Jenn Gidman
    What scientists are calling a "game changer" for society has been discovered deep in Tanzania's Rift Valley: a massive helium gas field with enough of the precious commodity to fill more than 1.2 million MRI scanners, Phys.org reports. Besides the sheer amount of gas, the discovery is notable because it appears to be the first time that stores of helium have been purposely found (they're usually stumbled upon during oil and gas drilling). And the find, which will be presented Tuesday by Durham University PhD student Diveena Danabalan at a Japanese geochemistry conference, could help restock nearly depleted stockpiles. Researchers...
  • Trump Takes On Trade Deals In Pennsylvania Speech

    06/28/2016 12:00:22 PM PDT · by Biggirl · 33 replies
    Associated Press ^ | June 28, 2016 | Jill Colvin,Associated Press
    MONESSEN, Pa. (AP) -- Republican Donald Trump took aim at U.S. free trade deals in a speech delivered in Western Pennsylvania Tuesday that painted his likely Democratic rival Hillary Clinton as a champion of the kind of globalization that has pushed manufacturing jobs overseas.
  • Christie Raising NJ Gas Tax 23 Cents Per Gallon

    06/28/2016 11:43:13 AM PDT · by Williams · 66 replies
    Patch.com | June 28, 2016
    Takes effect Friday! https://www.google.com/amp/s/patch.com/new-jersey/lacey/amp/26541281/n-j-lawmakers-pass-christie-backed-23-cent-gas-tax-hike-set-to-take-effect-friday#
  • Full transcript: Donald Trump's jobs plan speech

    06/28/2016 11:21:56 AM PDT · by Sybeck1 · 53 replies
    Polictico ^ | 6/28/16 | Donal J. Trump
    It is great to be here. I'd like to thank Alumisource and all the amazing workers here for hosting us. Today, I am going to talk about how to Make America Wealthy Again. We are thirty miles from Steel City. Pittsburgh played a central role in building our nation. The legacy of Pennsylvania steelworkers lives in the bridges, railways and skyscrapers that make up our great American landscape. But our workers' loyalty was repaid with betrayal. Our politicians have aggressively pursued a policy of globalization - moving our jobs, our wealth and our factories to Mexico and overseas. Globalization has...
  • German minimum wage going up 4 percent in 2017

    06/28/2016 6:36:33 AM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jun 28, 2016 8:55 AM EDT | `
    Germanys minimum wage will go up by four percent next year, to 8.84 ($9.79) per hour. [] The German DPA news agency reports that the head of the independent commission tasked with setting the minimum wage, Jan Zilius, said Tuesday the rise is in line with recent wage agreements in various sectors.
  • The Detroit Road Map for Puerto Rico

    06/28/2016 5:55:56 AM PDT · by cll · 2 replies
    The Wall Street Journal ^ | 6/27/2016 | Richard Ravitch
    Citizens in democratic nations are right to worry when they see intrusions on self-government. Many Puerto Ricans thus are understandably concerned about the powers of the oversight board prescribed in legislation the U.S. House of Representatives recently passed to assist the commonwealth. The Senate is about to take up the proposed law, which has drawn criticism in Washington and Puerto Rico for impinging on its sovereignty. The alarm is misplaced. Consider what happened in 2013 when the city of Detroit was facing circumstances frighteningly similar to those Puerto Rico is experiencing today...Had the protests succeeded, Detroit would not be going...
  • History Predicts How Bad The Post-Brexit Market Volatility Will Get

    06/28/2016 4:27:45 AM PDT · by expat_panama · 44 replies
    Investors Business Daily ^ | June 272, 2016 | PAUL KATZEFF
    How long will the Brexit meltdown continue? How far will the market fall? It's impossible to say for sure, of course. But if history is any guide, then you should expect about a month of market weakness and nearly an 11% decline before the next upturn. WPERS_01_062716This could help guide any post-Brexit investment moves you're weighing. Friday's 3.6% tumble in the market -- measured by the S&P 500 -- jibed closely with the 3.5% average first-day market decline sparked by all sorts of shocking stock market news since World War II. That includes bombings and assassinations, according to a Monday...
  • Payout of $10,000 for Windows 10 update

    06/28/2016 4:14:44 AM PDT · by expat_panama · 25 replies
    BBC News ^ | 27 June 2016 | Technology
    Teri Goldstein said her Windows 7 computer had automatically tried to update itself to Windows 10 without her permission. She said the update had made her machine unstable, leaving her unable to use it to run her business. Microsoft said it had dropped its appeal to save on legal costs. Microsoft has been aggressively pushing the latest version of its widely used operating system, which is currently available as a free download for computers running Windows 7 and 8. However, many people have chosen not to upgrade, because they are running old hardware, have software that does not run on...
  • ObamaCare Is Killing The Blues

    06/28/2016 3:05:17 AM PDT · by IBD editorial writer · 42 replies
    Investor's Business Daily ^ | 6/28/2016 | Staff
    Health Reform: The health care law President Obama signed six years ago was supposed to fix the individual insurance market with enlightened rules and regulations. Instead, ObamaCare is destroying this market. Just look at what's happening to Blue Cross Blue Shield.
  • Volkswagen to Pay $14.7 Billion to Settle Diesel Claims in U.S.

    06/27/2016 8:28:14 PM PDT · by dennisw · 33 replies
    nytimes. ^ | 6-27 | By HIROKO TABUCHI and JACK EWINGJUNE
    Volkswagen has agreed to pay up to $14.7 billion to settle claims stemming from its diesel emissions cheating scandal, in what would be one of the largest consumer class-action settlements ever in the United States. The proposed settlement involving the federal government and lawyers for the owners of about 475,000 Volkswagen vehicles, includes a maximum of $10.03 billion to buy back affected cars at their pre-scandal values, and additional cash compensation for the owners, according to two people briefed on the settlements terms. The cash compensation offered to each car owner will range from $5,100 to $10,000. Both the buyback...
  • India Stocks Up on Howitzers to Defend Its Border with China

    06/27/2016 8:01:06 PM PDT · by ameribbean expat · 13 replies
    After a remarkably long wait of 30 years, the Indian Army will finally get its hands on new artillery guns. On Saturday (June 25), Indias defence ministry approved a proposal to purchase 145 ultra light howitzer guns from the British weapons manufacturer BAE Systems. The deal is worth about Rs5,000 crore ($750 million). The countrys defence ministry wants to give these guns to the Mountain Strike Corpsconsisting of over 90,000 troops and to be raised by 2021to defend Indias 4,000-kilometre-long border with China.
  • Britain can't leave the EU without MPs voting for it, top lawyers say

    06/27/2016 7:56:30 PM PDT · by dennisw · 39 replies
    The country may just have voted 52% in favour of leaving the EU, but Brexit wont become a reality unless voted for by members of Parliament, according to Geoffrey Robertson QC. The lawyer, who set up Doughty Street Chambers, says the referendum was purely advisory, and his sentiments have been echoed by Charles Flint QC in a letter to the Times. Under our constitution, speaking as a constitutional lawyer, sovereignty rests in what we call the Queen in parliament, Robertson told The Independent. Its the right of MPs alone to make or break laws, and the peers to block them....
  • Naked in the national interest

    06/27/2016 7:11:52 PM PDT · by sparklite2 · 10 replies
    BBC News ^ | June 27, 2016 | BBC Trending
    When President Alyaksandr Lukashenka urged Belarusians "to get undressed and work till you sweat", there was every reason for his passionate appeal. But in the days after the president's speech, some Belarusians answered the call perhaps a little more literally than might have been anticipated by Lukashenka - who is informally called Daddy (Batska) by some of his countrymen.
  • Ratings agencies rip into UK's credit score after Brexit vote

    06/27/2016 6:49:17 PM PDT · by RKBA Democrat · 39 replies
    Rooters ^ | 6-27-16 | Andy Bruce
    Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy. Standard & Poor's stripped Britain of its last remaining top-notch credit rating, dropping it by two grades from "AAA" to "AA" and warning more downgrades could follow. Fitch Ratings also downgraded its ranking for Britain's creditworthiness by one notch, and similarly said more cuts could follow. The ratings agencies effectively added a rubber stamp to the market's view of the Brexit vote, as sterling tanked to a...
  • Pepsi To Bring Back Aspartame-Sweetened Diet Pepsi By September

    06/27/2016 3:51:23 PM PDT · by SMGFan · 115 replies
    Consumerist ^ | June 27, 2016
    Weeks after it was rumored that continued falling sales would propel PepsiCo to once again change the sweetener used in its main calorie-free beverage, Diet Pepsi, back to aspartame, the company announced plans to do just that Monday. PepsiCo said Monday that it would reintroduce aspartame-sweetened Diet Pepsi in September, the Wall Street Journal reports. Despite reintroducing the aspartame-sweetened beverage, PepsiCo says it will continue to sell a version sweetened with a blend of sucralose (Splenda) and acesulfame potassium (branded as Ace K) that began to appear on shelves last summer.
  • Kremlin compares Brexit to Soviet Union fall

    06/27/2016 2:20:02 PM PDT · by McGruff · 25 replies
    Ukraine Today ^ | June 27, 2016
    Moscow compares an uncertainty following Britain's referendum on its exit from the E.U. to the Soviet Union collapse. Dmitry Peskov, Russian President Putin's spokesman, stated this on June 27, UNIAN news agency reports. He adds that Moscow supports the idea of reviving good ties between his country and the U.K.
  • Chicago Is Pushing For A Massive Bailout Of Its Public School System

    06/27/2016 1:35:32 PM PDT · by Zakeet · 29 replies
    ZeroHedge ^ | June 27, 2016
    It is well known that Chicago's pension liabilities have completely decimated the city's finances and currently stand at close to $20 billion. Faced with a significant challenge of meeting funding obligations as a result of a 2010 state law, Mayor Rahm Emanuel recently won a slight reprieve in the amount of money the city would have to contribute to fund the liabilities over the next few years, as recently Illinois lawmakers overrode Governor Bruce Rauner's veto and will now change the legislation in order to allow the city to defer payments to fund pensions. Under the prior legislation, Chicago was...
  • 'Dance Mom's' Abby Lee Miller pleads guilty in bankruptcy case

    06/27/2016 12:36:56 PM PDT · by bgill · 44 replies
    FOX ^ | June 27, 2016 | AP
    "Dance Moms" star Abby Lee Miller pleaded guilty Monday to bankruptcy fraud and failing to report thousands of dollars in Australian currency she brought into the country. She was charged last fall with illegally trying to hide $775,000 worth of income from the Lifetime network reality show and spinoff projects during her Chapter 11 bankruptcy. Authorities later accused her of dividing more than $120,000 into plastic bags and having others in her group put the bags in their luggage in August 2014, violating a law requiring people to report bringing more than $10,000 worth of foreign currency into the country.
  • Governor to Obama in Food Stamp Fight: Wake Up and Smell the Energy Drinks

    06/27/2016 11:36:08 AM PDT · by Tolerance Sucks Rocks · 106 replies
    The Daily Signal ^ | June 24, 2016 | Melissa Quinn
    Maine Gov. Paul LePage may have considered a proposal to prohibit food stamp recipients from using their benefits to buy candy and sodas to be a sweet one, but the Obama administration disagrees. The friction between the Republican governor and the U.S. Department of Agriculture has reignited a debate after the Obama administration denied LePages request to put restrictions on what can be purchased with food stamps. In a letter to Agriculture Secretary Tom Vilsack, LePage said: Its time for the federal government to wake up and smell the energy drinks. In an interview with The Daily Signal, LePages health...
  • BET Awards: Clinton Rally, Then a Sermon Against Abusive 'Invention Called Whiteness'

    06/27/2016 9:12:49 AM PDT · by rktman · 24 replies
    newsbusters.org ^ | 6/27/2016 | Karen Townsend
    Just as you would expect, the 2016 BET (Black Entertainment Television) Awards were full of Black Lives Matter references and reminders to register to vote and then get out the vote for Hillary Clinton. After the opening of the award ceremony featured Beyonc and her back-up dancers marching into the auditorium to a Martin Luther King, Jr. speech, actor and producer Terence J went on to say, Your vote is your voice, and reminded everyone to register and vote smart as he introduced the show hosts, ABCs Blackish stars Anthony Anderson and Tracee Ellis Ross. Isnt it interesting that these...
  • Domino Effect: More Countries Want Referendums On The EU

    06/27/2016 8:41:36 AM PDT · by amessenger4god · 5 replies
    Unsealed.org ^ | 6/27/16 | Ricardo
    Large majorities across Europe now want their own referendums on the EU. Graph taken from Zero Hedge: The writer from Zero Hedge notes: "over 40% of Swedes, Poles, and Belgians are in the same boat." And also predicts that if Le Pen and her National Front is victorious next year, France may be the next country to hold a referendum for leaving the EU. Meanwhile, stocks are down across Europe, and American futures are slightly down across the board. China, which is in a perpetual condition of collapse, is using the opportunity to blame BREXIT for the latest phase of...
  • Germany and France urge deeper EU 'political union'

    06/27/2016 7:47:59 AM PDT · by Olog-hai · 35 replies
    TheLocal.de ^ | 27 Jun 2016 14:37 GMT+02:00 | (AFP)
    The foreign ministers of Germany and France on Monday called for ambitious steps to strengthen the European Union after Britains shock vote to leave the bloc. We will take further steps toward a political union in Europe, and we invite the other European states to join us in this endeavor, Frank-Walter Steinmeier and Jean-Marc Ayrault wrote in a joint position paper. The top diplomats of the two core EU founding members and biggest economies said that Germany and France have a responsibility to strengthen solidarity and cohesion within the European Union. But they also signaled a willingness to accept a...
  • Parliament takes axe to 2nd EU referendum petition

    06/27/2016 7:26:07 AM PDT · by snarkpup · 7 replies
    The Register ^ | 27 Jun 2016 at 11:14 | Andrew Orlowski
    A petition to nullify the UKs EU referendum and hold another appear to be riddled with fraudulent data. Raw data examined reveals that many of the participants come from outside the UK, or use IP addresses outside the UK. ... The sight of educated men and women trying to overturn a national referendum with an online petition is pathetic beyond belief, wrote Chris Snowdon of the Institute for Economic Affairs. Many of the arguments made by the Remain camp were fundamentally anti-democratic; they prefer to have an elite in charge with whom they agree [rather] than have a demos in...
  • United Way Affiliates Give $3 Million a Year to Planned Parenthood

    06/27/2016 5:50:29 AM PDT · by milton23 · 24 replies
    Daily Signal ^ | 6/24/2016 | Leah Jessen
    United Way affiliates provide almost $3 million a year to Planned Parenthood, according to a money-tracking website that examines consumer and political causes. 2nd Vote, a conservative, nonprofit watchdog that tracks corporate spending, conducted what it calls exhaustive research of United Way affiliates and their giving to Planned Parenthood. Last year, 2nd Vote compiled an exhaustive list of United Way affiliates that helped fund the worlds largest abortion provider, Planned Parenthood, 2nd Vote spokesman Robert Kuykendall said in a formal statement. The latest available financial documentation for each of these affiliates indicates that United Way funnels almost $3 million to...
  • Lets not be hasty: Despite EU push, UK politicians say no need for quick Brexit

    06/27/2016 4:55:57 AM PDT · by Enlightened1 · 11 replies
    R.T. News ^ | 06/26/16
    British politicians, including strong advocates of the Leave campaign, say there’s no rush in starting the process to exit the European Union. The people had their say Thursday, voting 52 percent to 48 per cent in favor of parting ways with the EU, giving the British government the green light to begin ‘divorce’ proceedings. However, there is a sense of reluctance on the part of many, including Brexit-backer Boris Johnson, even to consider invoking Article 50 for some time yet. Johnson, who was vocal on what he called the “anti-democratic absurdities of the EU” during the campaign, says there’s no rush...
  • Brexit Hits Fragile Global Economy, Putting Federal Reserve In A Bind

    06/27/2016 4:18:02 AM PDT · by expat_panama · 11 replies
    Investors Business Daily ^ | 6/24/2016 | JED GRAHAM
    The unexpected U.K. vote to leave the European Union has predictably set off a flight to safety, sinking global equity markets and Treasury yields, while boosting the value of the dollar. The immediate consequences are the opposite of what the weak global economy... ...the U.K. only accounts for about 2.4% of global GDP... ...Brexit vote will provoke "a crisis of confidence... ...For now, though, uncertainty about the future of Europe and concern about the disruption of trade are likely to weigh on investment and growth. IHS Global Insight, which had been forecasting 1.5% GDP growth in Germany in 2017, now...
  • Greenpeace under fire

    06/26/2016 9:51:46 PM PDT · by george76 · 7 replies
    Washington Times ^ | June 26, 2016 | H. Sterling Burnett
    Nations around the world reject its eco-terrorism tactics. Governments and courts around the world are finally cracking down on the eco-terrorist organization Greenpeace. The crackdown, which is long overdue, couldnt happen to a more misguided bunch of people. In early December 2014, more than 20 Greenpeace activists damaged a UNESCO World Heritage Site as part of a publicity stunt meant to motivate greater government support for renewable-energy sources they think are necessary to battle supposed human-caused climate change. The activists walked into a strictly prohibited area where the Nazca Lines are located in Peru and laid big, yellow cloth letters...
  • A Better Way To Look At Trade Deals

    06/26/2016 6:28:59 PM PDT · by expat_panama · 14 replies
    Investors Business Daily ^ | 6/24/2016 | PHILIP I. LEVY and CHRISTINE A. MCDANIEL
    Critics of the Trans-Pacific Partnership, such as Donald Trump, Hillary Clinton and Bernie Sanders, were convinced months ago that it would harm the United States... ...International Trade Commission (ITC) was mandated to deliver its verdict... ...the findings landed with a thud. That was only partly because the document was 792 pages long; it also foretold of modest results. It predicted that, by 2032, U.S. real income would be 0.23% higher with the agreement than without and employment would be .07% higher (128,000 full time jobs). Hardly earth-shattering... ...There are limitations to these workhorse trade models... ...Few -- if any --...
  • The PBOC just fixed the yuan at its weakest level since December 2010

    06/26/2016 6:28:37 PM PDT · by ameribbean expat · 9 replies
    The Peoples Bank of China have set the USD/CNY fixing for Monday at 6.6375, some 0.9% weaker than Fridays fixing level of 6.5776. The figure, well above Fridays close of 6.6150, was the weakest fixing level seen since December 2010.