Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $30,402
35%  
Woo hoo!! And the first 35% is in!! Thank you all very much!!

Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • NY judge: US warrant can reach email in Ireland

    08/01/2014 2:42:51 AM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Jul 31, 2014 7:27 PM EDT | Larry Neumeister
    U.S. law enforcement can force Microsoft Corp. to turn over emails it stores in Ireland, a judge ruled in a case that technology companies have rallied around as they pursue billions of dollars in data storage business abroad. […] The Redmond, Washington-based software company has said rulings forcing it to turn over emails threaten to rewrite the Constitution’s protections against illegal search and seizure and could damage U.S. foreign relations. Its arguments were joined by large technology companies, including Apple Inc., Cisco Systems Inc., Verizon Communications Inc. and AT&T Inc. …
  • Tesla taps Reno as potential Gigafactory site

    07/31/2014 7:53:10 PM PDT · by redreno · 20 replies
    http://www.reviewjournal.com ^ | July 31, 2014 - 4:34pm | By ED KOMENDA
    It’s official: Tesla Motors has broken ground on a stretch of land outside Reno that could serve as the site for its forthcoming $5 billion battery factory. But not so fast: they’re not the only one in the mix. In a letter to shareholders, Tesla CEO Elon Musk was careful in saying the Reno site “could potentially be” the location for the Gigafactory, expected to create 6,500 jobs. “Consistent with out strategy to identify and break ground on multiple sites, we continue to evaluate other locations in Arizona, California, New Mexico, and Texas,” Musk wrote. The news followed weeks of...
  • Testimony, advocates clash at EPA coal hearings

    07/31/2014 3:44:00 PM PDT · by Oldeconomybuyer · 20 replies
    WTAE-TV Pittsburgh ^ | July 31, 2014 | by JOE MANDAK
    PITTSBURGH —Union miners and others opposed to stricter pollution rules for coal-burning power plants proposed by the Environmental Protection Agency clashed inside and outside the city's federal building on the first of two days of public hearings on the new regulations. About 5,000 union members, led by the United Mine Workers of America, on Thursday marched to the William S. Moorhead Federal Building chanting, "Hey, hey, EPA! Don't take our jobs away!" A few members of a Pittsburgh-based union, Boilermakers Local 154, traded shouts and insults with some 300 environmental activists who stood on a nearby street corner as the...
  • Should We All Get €12,000 a year? ($16k)

    07/31/2014 3:20:56 PM PDT · by nickcarraway · 27 replies
    The Local ^ | 25 Jul 2014
    What would happen if everyone was suddenly paid €1,000 a month with no strings attached? "Let's try it," says Michael Bohmeyer, who raised the money through crowdfunding and will now experiment with the idea of a basic income for one year. The 29-year-old lives in a rented apartment in Berlin with his wife and their daughter and eats lunch in a welfare kitchen. Having time is more important than having money, he says. He has come to that conclusion after living on a self-imposed basic income for half a year. As a web developer who helped start two companies, he...
  • Ruth Bader Ginsburg Accuses Pro-Hobby Lobby SCOTUS Judges of Being Sexist

    07/31/2014 2:58:44 PM PDT · by NYer · 31 replies
    Life News ^ | July 31, 2014 | Steven Ertelt
    Apparently the phony “war on women” has made its way to the Supreme Court. Upset by the fact that a majority of the justices on the high court ruled in favor of Hobby Lobby’s religious freedoms, Ruth Bader Ginsburg is now accusing them of being sexist.In a new interview with pro-abortion media icon Katie Couric, Ginsburg lashes out at her colleagues and claims they have a “blind spot” towards women because they decided that Hobby Lobby should not be forced to pay for drugs that cause abortions for their employees.Never mind that polls show a majority of women oppose the...
  • Why Did NHS Give Josie Cunningham Boob Job But Not Reece Hawley His Cancer Drugs? (ACA Preview)

    07/31/2014 2:22:09 PM PDT · by nickcarraway · 6 replies
    Mirror ^ | 7/30
    Alison Phillips says the Health Service MUST put life before cosmetic surgery after 21-year-old Reece was told he’ll have to fund his own cancer treatmentLast year the NHS spent Ł52.5million on boob jobs. This month 21-year-old Reece Hawley was told he’ll have to fund his own cancer treatment which could let him live another two years. Don’t think we need any more figures or facts, or justifications or explanations. Those two facts say everything we need to know about the muddle-headed madness that is destroying our National Health Service. We know, because we read about it daily, that the health...
  • Federal paralegals had no work, so they surfed the Internet

    07/31/2014 2:12:25 PM PDT · by afraidfortherepublic · 12 replies
    Washington Post ^ | 7-31-14 | Lisa Rein
    Dozens of federal employees at an obscure agency that handles appeals of patent applications went years with so little work to do that they collected salaries — and even bonuses — while they surfed the Internet, did laundry, exercised and watched television, an investigation has found. The employees, paralegals making $60,000 to $80,000 a year, were idle with full knowledge of their immediate bosses and multiple layers of managers and judges who “sat on their hands” waiting for work to give them, a year-long probe by the Commerce Department inspector general’s office uncovered. The underworked paralegals did little as a...
  • McDonald’s Japan just released Tofu Nuggets, and they taste…

    07/31/2014 10:43:27 AM PDT · by chajin · 34 replies
    RocketNews24 ^ | 07/31/2014 | Philip Kendall
    Just days after the taking Chicken McNuggets off its menu in the light of the China food scandal, McDonald’s Japan has unveiled a brand new, rather unusual product: Tofu Shinjo Nuggets and Ginger Sauce, a combination of bean curd, fish and vegetables shaped into bite-size pieces and deep-fried. Turning to tofu–a food that has long been a favourite in Japan and known for its health benefits–is certainly a wise move, and McDonald’s is undoubtedly in need of something new to entice customers back with, but while we’ve no doubt all craved deep-fried chicken at some point in our lives, we’d...
  • ISIS Occupied or Destroyed All Christian Institutions in Mosul

    07/31/2014 10:36:19 AM PDT · by afraidfortherepublic · 30 replies
    Breitbart ^ | 7-31-14 | Mary Chastain
    For over 2,000 years, Christians and Muslims lived in peace in Mosul, Iraq, the country's second largest city. That all changed on June 10, 2014 when the Islamic State, formerly known as ISIS, invaded the city and evicted its Christian population. With the Christians gone, ISIS has begun to destroy or occupy every Christian landmark in the city. The Assyrian International News Agency released a full list of the 45 institutions the Islamic State destroyed or occupied. Here are a few examples: Syrian Catholic Diocese Church of Our Lady of the Annunciation Archbishop’s Palace Chapel Syrian Orthodox Archdiocese Church of...
  • Dolley Madison Risked Her Life for a Portrait of Washington—With a Typo

    07/31/2014 10:19:20 AM PDT · by afraidfortherepublic · 27 replies
    The Atlantic ^ | 7-30-14 | Tanya Basu
    You’ve seen it: the iconic portrait of the first President, one hand clutching a sword, the other arm outstretched over an ornate table that is artfully mussed. Below this table are a few books: General Orders, American Revolution, and The Constitution and Laws of the United Sates. You read that right: The country is identified as the United Sates, not the United States. This masterpiece hangs in the East Room, the luxurious White House salon that holds social events and ceremonies, where the President hosts dignitaries from other countries and honors Americans for their contributions to society. And yet, the...
  • Study: Hundreds of rules passed by Obama administration are technically illegal

    07/31/2014 9:56:13 AM PDT · by afraidfortherepublic · 27 replies
    Washington Post ^ | 7-29-14 | Juliet Eilperin
    Over the past two years, the Obama administration has published hundreds and hundreds of rules — on how wheelchairs should be stowed aboard U.S. aircraft, how foreign trade zones should be regulated, how voting assistance should be provided for U.S. citizens overseas, and so on. There’s a problem, however: Technically speaking, these and some 1,800 other regulations shouldn’t be in effect because they weren’t reported to Congress as required. Yet there is little that lawmakers or the courts can do about it. The situation illustrates the obscure, Byzantine process used to create federal regulations — and how easily it can...
  • Stocks end volatile July with a selloff

    07/31/2014 9:49:58 AM PDT · by fhayek · 17 replies
    Stocks are sharply lower on worries about the outlook for Federal Reserve policy. Chief investment strategist Doug Roberts at Channel Capital Research doesn't expect Fed tightening, but we could see "increased noise from the hawks on the Fed."
  • Blaming the flirtatious wife? Ex-Gov. Bob McDonnell’s trial turns tabloid

    07/31/2014 9:47:09 AM PDT · by afraidfortherepublic · 15 replies
    Fox News ^ | 7-30-14 | Howard Kurtz
    In this Tuesday Jan. 21, 2014 file photo, former Virginia Gov. Bob McDonnell speaks during a news conference in Richmond, Va., accompanied by his wife, Maureen.AP As governor of Virginia, Bob McDonnell was a savvy southerner often talked about as a hot Republican presidential prospect for 2016. Now he’s fighting to stay out of jail. The fall-from-grace narrative is a classic one, a rising-star politician who accepted lavish gifts from a rich businessman seeking help from state government. But this tale had a twist: McDonnell’s wife, Maureen, was a key go-between with the executive, Jonnie Williams. In a Richmond courthouse,...
  • House Authorizes Boehner to Sue Obama for Taking Actions Boehner Plans to Fund

    07/31/2014 9:22:40 AM PDT · by Olog-hai · 17 replies
    Cybercast News Service ^ | July 31, 2014 12:04 AM | Terence P. Jeffrey
    The Republican-controlled House of Representatives voted 225-201 on Wednesday evening to authorize Speaker John Boehner (R.-Ohio) to sue President Barack Obama and other administration officials for taking actions implementing the Affordable Care Act that do not follow the language of the law but that the Republican-led House nonetheless has not previously voted to defund and now intends to continue funding. Rather than take action under its own constitutional authority to curb what it believes are unconstitutional acts by the president, the Republican majority will now ask federal judges to curb the president. Article 1, Section 9, Clause 7 of the...
  • Time for Women on US Paper Money? Obama says it's a 'pretty good idea'

    07/31/2014 9:00:42 AM PDT · by Responsibility2nd · 83 replies
    Newser ^ | 07/31/2014 | Rob Quinn
    (Newser) – The days of American paper money being an all-boys club could be numbered. President Obama said yesterday that he had received a letter from a young girl wondering why there were no women on US bills, "and then she gave me a long list of possible women to put on our dollar bills and quarters and stuff, which I thought was a pretty good idea," reports the Hill, which notes that while women including Susan B. Anthony and Native American guide Sacagawea have appeared on coins, the only woman to have made it onto paper money is...
  • Disenfranchising Franchises: The National Labor relations Board Goes After McDonald's

    07/31/2014 7:34:01 AM PDT · by SeekAndFind · 15 replies
    National Review ^ | 07/31/2014 | The Editors
    Another day, another radical move from the Obama administration. In a big win for the more opportunistic corners of the organized-labor movement, the National Labor Relations Board decided this week that, in a range of labor cases involving McDonald’s, it will consider the corporate parents of franchise businesses liable for the labor agreements reached between franchises and their employees. The NLRB has maintained otherwise for 30 years, refusing to consider corporations with franchises to be part of a “joint employer” arrangement. Why decide that corporations are employers of employees whom they don’t hire, don’t pay, and can’t fire? Because the...
  • Chicago PMI drops sharply in July

    07/31/2014 7:28:31 AM PDT · by Oldeconomybuyer · 4 replies
    Market Watch ^ | July 31, 2014
    WASHINGTON -- Chicago PMI dropped sharply in July to its lowest level in over a year, according to the Chicago business barometer released Thursday. The index fell to 52.6 in July from 62.6 in June, below the MarketWatch-compiled consensus of 63.5. It is the sharpest one month drop in the Chicago PMI since the start of the financial crisis in October 2008. The decline was led by a collapse in production and orders, which had all been strong since last fall, according to the release.
  • The Airport That Feeds the Oil Boom: The Fastest Growing Airports Are in North Dakota

    07/31/2014 7:18:29 AM PDT · by SeekAndFind · 3 replies
    Wall Street Journal ^ | 07/31/2014 | Scott McCartney
    A double-wide mobile-home trailer that used to serve as an elementary-school classroom is now the airport terminal. A conference room is the Hertz rental counter. And there is no baggage carousel, just a small counter where baggage workers pile luggage. Sloulin Field International Airport here wasn't built to be one of the fastest-growing airports in the world, but it is now. Traffic last year was 254% higher than just two years earlier. Airlines fly in with jets weighing twice as much as what the runway was built for. And when the parking lot is full, cars are left in ditches...
  • U.S. jobless claims turn higher one week after touching 14-year low

    07/31/2014 7:13:26 AM PDT · by SoFloFreeper · 36 replies
    Marketwatch ^ | 7/31/14 | Jeffrey Bartash
    One week after falling to a 14-year low, the number of people who applied for U.S. unemployment benefits rose sharply last week but remained near a postrecession bottom. Initial jobless claims climbed by 23,000 to 302,000 in the seven days ended July 26, retracing the entire decline in prior week, according to Labor Department data . The level of claims was in line with Wall Street expectations.
  • The Hidden Gloom Underlying California's 'Boom'

    07/31/2014 7:08:55 AM PDT · by SeekAndFind · 2 replies
    RCM ^ | 07/31/2014 | By Carson Bruno
    Good news, in 2013, California's economy grew faster than the nation's - 2 percent vs. 1.8 percent. Many have used this as vindication that California's progressive policies, ranging from the 2012 Proposition 30 tax increases to implementation of AB 32's cap-and-trade scheme, are not hindering growth (some even suggest such policies are aiding the growth). However, focusing on the statewide number masks the bad news; California's growth is vastly inconsistent across its regions. And if we explore those differences - using Bureau of Economic Analysis 2001-to-2012 metropolitan-area statistics adjusted for inflation using the CPI-U-RS - the Golden State looks like...
  • U.S. initial jobless claims rise by 23,000 to 302,000 last week

    07/31/2014 7:02:35 AM PDT · by SeekAndFind · 15 replies
    Investing ^ | 07/31/2014
    The number of people who filed for unemployment assistance in the U.S. last week rose more than expected, dampening optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 26 increased by 23,000 to a seasonally adjusted 302,000 from the previous week’s total of 279,000, which was the lowest since May 2000. Analysts had expected jobless claims to rise by 22,000 to 301,000 last week.
  • Argentina Slides Into Default as Debt Talks Fail

    07/31/2014 6:42:40 AM PDT · by Enlightened1 · 13 replies
    AP via ABC NEWS ^ | 07/31/14 | CLAUDIA TORRENS
    he collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nation's staggering economy.
  • Wisconsin Supreme Court upholds 2011 union law [Thugs LOSE! Walker WINS!]

    07/31/2014 6:01:36 AM PDT · by SoFloFreeper · 43 replies
    Seattle PI ^ | 7/31/14
    The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Republican Gov. Scott Walker's recall election and rise to national prominence.
  • Obama's War on Billionaires

    07/31/2014 5:47:21 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | July 30, | John Ransom
    Obama has a new get-tough policy with Russia. It’s called the War on the Billionaires. The United States is using narrow sanctions against Russian billionaires—private persons presumably-- some of whom Obama supposes supports Russia’s war in Ukraine. And the policy isn’t just bizarre; it’s Obama. He’s seen our war on millionaires here at home, and raised them a war on billionaires in Russia. “The U.S. and Europe are gearing up for a new round of sanctions expected to be announced this week that will impose travel bans and business sanctions against several Russian billionaires with ties to Russian President Vladimir...
  • 2014 July Job Cut Report: 46,887 Job Cuts Announced Boosted by Microsoft

    07/31/2014 4:40:54 AM PDT · by Perdogg · 13 replies
    <p>The unexpectedly large layoffs announced by Microsoft helped push July job cuts to the second highest level of the year. In all, U.S.-based employers reported plans to reduce payrolls by 46,887 during the month, according to the report released Thursday by global outplacement.</p>
  • Jury awards parents $27 million in McDonald's negligence lawsuit

    07/31/2014 4:24:40 AM PDT · by markomalley · 37 replies
    Bryan Eagle ^ | 7/30/2014 | Maggie Kiely
    A Brazos County jury on Wednesday awarded a $27 million in a lawsuit against McDonald’s relating to the 2012 deaths of two Blinn College students.Jurors found McDonald’s negligence to be 97 percent responsible for the deaths of Denton Ward, 18, of Flower Mound, and Lauren Bailey Crisp, 19, of Flower Mound, both of whom died in the early morning hours of Feb. 18, 2012. The remaining 3 percent of liability was laid on the men who violently attacked Ward and his friend, Tanner Giesen, 21, in the parking lot of the McDonald’s at 801 University Drive. The jury’s verdict reflects...
  • Case Against The D.C. Court's Halbig Ruling Crumbles

    07/31/2014 4:15:25 AM PDT · by IBD editorial writer · 7 replies
    Investor's Business Daily ^ | 07/30/2014 | IBD Staff
    The more ObamaCare backers try to attack the D.C. Circuit Court's decision that limits subsidies to state-run exchanges, the more it looks like the two judges on that panel got it right.
  • You’ll Never Guess Why Liberals Are Attacking This Business!

    07/30/2014 10:41:26 PM PDT · by Impala64ssa
    Politi Chicks ^ | 7/30/14 | Michele Holt
    We’ve been witnessing attacks against conservatives and their principles for quite some time so this recent example really should be of no surprise. Just this week on Twitter, liberal artist Cher went on her predictable tirade against Senator Rand Paul suggesting he was against civil rights for minorities. Of course she was lying and twisting her interpretation of what Sen. Paul’s stance is on the matter, but is that not what liberals in Hollywood and media are known for? Morris Communications is a multi-media conglomerate that seems to have been a recent target of liberal website Gawker as well as...
  • Fiat-Chrysler profits plunge in second quarter

    07/30/2014 10:18:17 PM PDT · by Impala64ssa · 27 replies
    Allpar.com ^ | 7/30/14 | Bill Cawthon
    Fiat S.p.A. announced its second-quarter results from Turin this morning for what could be the last time, if shareholders approve the Fiat-Chrysler merger on Friday. Worldwide shipments rose 2%, to 1.2 million, in the second quarter as revenues rose 5% to $31.2 billion NAFTA region shipments grew 10% while Asia Pacific (APAC) region jumped 42%. This growth was partially offset by a 21% decline in Latin American (LATAM) markets. The European-Middle-East-Africa (EMEA) region shipments were essentially flat. Revenues were up 7% in the NAFTA region and 34% in APAC while EMEA revenues fell by 3% and LATAM revenues plunged 23%....
  • Airports on high alert for fliers with Ebola symptoms

    07/30/2014 8:56:42 PM PDT · by TigerClaws · 51 replies
    Amid fears of a global Ebola epidemic, the feds are keeping a close eye on passengers arriving at JFK and other international airports in the United States to quarantine anyone showing signs of the deadly virus. And the city’s Health Department alerted doctors and other health providers to immediately report anyone they suspect might have the disease.
  • Obama order to expand labor rights for contractors

    07/30/2014 5:50:46 PM PDT · by jazusamo · 6 replies
    Townhall.com ^ | July 30, 2014 | AP News
    WASHINGTON (AP) — President Barack Obama is preparing to sign an executive order cracking down on labor violations by companies that contract with the federal government, the White House said Wednesday. Obama's order will require companies seeking federal contracts valued at more than $500,000 to make public any labor law violations in the last three years, a step the Obama administration hopes will incentivize companies to resolve labor disputes such as back wage claims.
  • [Watch] Neil Cavuto Rants – America Has Gone From a Beacon to a Blue Light Special for Illegals

    07/30/2014 7:34:53 PM PDT · by sickoflibs · 19 replies
    youtube vid ^ | 7/29/2014 | Neil Cavuto
    Neil Cavuto says, “Illegals can protest outside the White House for rights they don’t even have while authorities who can see them in broad daylight ignore them as if they don’t have a clue, on our dime, on all of our dimes". Cavuto highlights how we are, “enrolling kids for classes beyond crowded here, paid for by communities already taxed to the max here, make do, make room, make haste.” He says, “Now I’ve heard of having a heart, but does anybody really have a clue? Forget about whether the illegals are cutting in on the immigrants’ line, why do...
  • Westboro Baptist Church Plans San Francisco, Silicon Valley Protests

    07/30/2014 7:18:34 PM PDT · by nickcarraway · 18 replies
    NBC Bay Area ^ | Wednesday, Jul 30, 2014 | Chris Roberts
    The Westboro Baptist Church is bringing its circus to San Francisco. The well-known Kansas-based evangelical faith group, which has been called a hate group for its anti-LGBT protesting of funerals and other touchy events, is planning to protest in San Francisco and Silicon Valley on August 12, according to reports. Drew Barrymore's Half-Sister Found Dead The reason behind it? Silicon Valley bigwigs like Mark Zuckerberg "cram sodomite propaganda down everyone's throats," according to the church. SFist reports that the church's adherents will roam the campuses of "Facebook, Google, and Apple" as well as the San Francisco locations of social media...
  • We Could Unlock More Than 267 Billion Barrels of Oil in America

    07/30/2014 6:51:03 PM PDT · by ckilmer · 36 replies
    fool.com ^ | July 30, 2014 | Tyler Crowe
    We Could Unlock More Than 267 Billion Barrels of Oil in America By Tyler Crowe | More Articles | Save For Later July 30, 2014 | Comments (0) Photo credit: WPX Energy If I had told you five or six years ago that America would be producing more oil than ever before and potentially becoming an exporter of crude within a decade, you probably would have had me institutionalized. Yet thanks to the advancements in drilling techniques, we have been able to access one of the most abundant resources we didn't think were possible: shale and tight oil. Today, oil...
  • Argentina Defaults

    07/30/2014 3:24:33 PM PDT · by jimbo123 · 43 replies
    Yahoo Finance ^ | 7/30/14 | Linette Lopez
    Argentina has defaulted again. Argentine Finance Minister Axel Kicillof is now addressing the world from Argentina's consulate in New York City. He has delivered the news that Argentina is in default, having failed to satisfy the demands of a group of hedge fund creditors negotiating over $1.3 billion worth of debt owed to them for over a decade. "The Argentine Republic has filed for a stay [on payment] with Judge Griesa... The Judge decided that if the vulture funds said there could be a stay there would be a stay," said Kicillof. "The vulture funds were not willing to grant...
  • Social Media Is Making People Dumber, Fears Elliott's Paul Singer

    07/30/2014 6:10:31 PM PDT · by BlopAndStop · 15 replies
    Zero Hedge ^ | July 30 2014 | Tyler Durden
    PROGRESS? Some technology represents unquestioned progress, despite causing real challenges to the employment prospects of citizens who are made redundant. For example, recent advances in science and medicine have merely scratched the surface in terms of enhancing our ability to find cures for diseases in an increasingly focused way at sharply diminished cost. Also, the technology of moving people and goods in vehicles and organizing their movement on roads contains tremendous opportunities for cost and energy efficiencies, as do the areas of resource extraction, the development of alternative energy and the efficiency of food production. These are just a few...
  • State Department approved 215 Bill Clinton speeches, controversial consulting deal, worth $48m

    07/30/2014 6:01:51 PM PDT · by afraidfortherepublic · 10 replies
    The Washington Examiner ^ | 7-30-14 | Luke Rosiak and Micah Morrison
    A joint investigation by the Washington Examiner and the nonprofit watchdog group Judicial Watch found that former President Clinton gave 215 speeches and earned $48 million while his wife presided over U.S. foreign policy, raising questions about whether the Clintons fulfilled ethics agreements related to the Clinton Foundation during Hillary Clinton's tenure as secretary of state. According to documents obtained by Judicial Watch and released Wednesday in an ongoing Freedom of Information Act case, State Department officials charged with reviewing Bill Clinton's proposed speeches did not object to a single one. Some of the speeches were delivered in global hotspots...
  • GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

    07/30/2014 3:14:32 PM PDT · by Perdogg · 11 replies
    Back in December 2013, when everyone was expecting a 3% GDP print for Q1, we did a simple analysis concluding that "Inventory Hoarding Accounts For Nearly 60% Of GDP Increase In Past Year." We stated that this "hollow growth", which is merely producers pulling demand from the future courtesy of cheap credit and assuming the inventory will be sold off in ordinary course of business without bottom-line slamming liquidations or dumping, and which further assumes a healthy US consumer and global economy, is a flashing red flag for the future of US economic growth. In fact, we were one of...
  • Purchasing Power Sits Idle in the Basement

    07/30/2014 2:30:38 PM PDT · by SovereignSociety · 6 replies
    Economy and Markets ^ | July 29th, 2014 | Rodney Johnson
    Studying and understanding demographic trends is critical when predicting generational spending patterns and long-term economic trends in our economy and markets. The Pew Research Center estimates that in 2012, 57 million Americans lived in multi-generational households, which is defined as two or more adult generations under the same roof. This is more than twice the number of people in such arrangements in 1980. To be clear, no one thinks there’s a rush to bring the aging parents of boomers back into the family home. This is all about the kids who, at this point, have finished their education but...
  • The US is the new Switzerland

    07/30/2014 2:06:26 PM PDT · by SeekAndFind · 10 replies
    CNBC ^ | 07/30/2014 | Ron Insana
    <p>U.S. markets have been remarkably calm in the wake of escalating violence around the world, whether between Israel and Hamas, or Russian proxies and Ukraine, to name but two of the planet's hottest spots.</p> <p>And with every ill wind that blows, money appears to be blowing westward with ever greater frequency.</p>
  • ISTOOK: Get ready for super-priced burgers due to NLRB decree

    07/30/2014 1:29:30 PM PDT · by jazusamo · 89 replies
    The Washington Times ^ | July 30, 2014 | Ernest Istook
    Once again, one man has dictated a major change of federal law that can cost American families dearly. It may double the price of your Big Mac, Whopper, fried chicken, donuts or other purchases at your local fast-food restaurant. Where’s the beef coming from? Surprise! This time it’s neither President Obama nor Attorney General Eric Holder who is twisting the law like a pretzel from Auntie Anne’s. It’s Obama appointee Richard Griffin, the president’s hand-picked choice for the all-powerful position as general counsel of the National Labor Relations Board (NLRB). Mr. Griffin has declared that millions of Americans who work...
  • The Obama Administration Won't Identify The Capital of Israel [JUL 2012]

    07/30/2014 1:12:36 PM PDT · by South40 · 3 replies
    YouTube ^ | July 28, 2012
    https://www.youtube.com/watch?v=Fh7MIXYoJ-o
  • U.S. Economy Grew at 4% Rate in Second Quarter, Beating Expectations

    07/30/2014 1:08:25 PM PDT · by Lorianne · 37 replies
    New York Times ^ | 20 July 2014
    The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists’ expecations.
  • Why Can’t the Banking Industry Solve Its Ethics Problems?

    07/30/2014 12:53:41 PM PDT · by Lorianne · 30 replies
    New York Times ^ | 29 July 2014 | Neil Irwin
    The financial crisis that nearly brought down the global economy was triggered in no small part by the aggressive culture and spotty ethics within the world’s biggest banks. But after six years and countless efforts to reform finance, the banking scandals never seem to end. The important question that doesn’t yet have a satisfying answer is why. Why are the ethical breaches at megabanks so routine that it is hard to keep them straight? Why do banks seem to have so many scandals — and ensuing multimillion dollar legal settlements — compared with other large companies like retailers, airlines or...
  • Ukraine's pipelines will lose 50% of value when South Stream starts - Naftogaz head

    07/30/2014 12:50:43 PM PDT · by Lorianne · 21 replies
    RT ^ | 29 July 2014
    The South Stream gas pipeline, which bypasses Ukraine, may halve the value of Ukraine’s gas transportation system (GTS), according to Andrey Kobolev, head of Ukraine’s national oil and gas company Naftogaz. After the Russian–led South Stream project is complete and working at full capacity, the value of Ukraine’s GTS may fall as much 50 percent from the present estimate of $25-$35 billion, RIA Novosti quotes the head of the company. “We have no wish to lose it, and it’s unreasonable," Kobolev said on a Ukrainian local TV channel. Construction of the South Stream pipeline in Bulgaria and Serbia was suspended...
  • Forget the Shakedown and Look to Rosie and Florence

    07/30/2014 11:36:49 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | July 30, 2014 | Charles Payne
    The old poverty pimps and entities with vested interest in stirring the pot and limiting hope are pushing in overdrive these days. In today’s USA Today, Jesse Jackson is claiming that the lack of diversity in Silicon Valley is a sign of racism and sexism. He is calling on President Obama to do something about it. “There is no talent shortage. There’s an opportunity shortage.” Jesse Jackson What he has done is actually cite the fact that Silicon Valley is hip and put out neat gadgets as the reason it gets a free pass for being one of the most...
  • Do You Want the Global Destruction of Financial Privacy to Enable Higher Tax Rates and Bigger Gov't?

    07/30/2014 10:25:08 AM PDT · by SeekAndFind · 5 replies
    Townhall ^ | 07/30/2014 | Daniel J. Mitchell
    It’s a bad idea when governments demand information on your bank accounts and investments so they can impose economically destructive double taxation. It’s a worse idea when they also demand the right to tax economic activity in other jurisdictions (otherwise known as “worldwide taxation“). And it’s the worst possible development when governments decide that they should impose a global network of data collection and dissemination as part of a scheme of worldwide double taxation. Yet that’s exactly what’s happening. High-tax nations, working through the Paris-based Organization for Economic Cooperation and Development, want to impose a one-size-fits-all system of “automatic information...
  • Boeing to build 787-10 in North Charleston

    07/30/2014 10:09:36 AM PDT · by Vigilanteman · 27 replies
    The Post and Courier (South Carolina) ^ | 30 July 2014 | Warren L. Wise
    Boeing will build the 787-10 Dreamliner exclusively in North Charleston, the Chicago-based aerospace giant announced Wednesday. The 787-10 is the largest of the Dreamliner family and the announcement of its construction at the North Charleston site has been expected for months. Design of the 787-10 is underway in Everett, with final assembly of the first 787-10 scheduled to begin in South Carolina in 2017. "We looked at all our options and found the most efficient and effective solution is to build the 787-10 at Boeing South Carolina," said Larry Loftis, vice president and general manager, 787 program, Boeing Commercial Airplanes....
  • America: The Land of Debt

    07/30/2014 10:07:49 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | July 30, 2014 | Mike Shedlock
    The Urban Institute has an interesting 14-page synopsis on Delinquent Debt in America. By percentage, the number of people in collections is largely concentrated in the South, while amount owed shows no geographic pattern. The Urban Institute uses 2013 credit bureau data from TransUnion to measure how many Americans are reported as at least 30 days late, not including late payment of mortgages. The institute also examines how many Americans have debt in collections and the amount of this debt. In order to have credit card debt, one first must have credit. However, some without traditional credit show up as...
  • Obama Unfriends Putin on Facebook – Then Gives Him Hundreds of Millions of Dollars

    07/30/2014 9:52:32 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | July 30, 2014 | Michael Schaus
    Seriously. Things are beginning to look kinda pathetic for the Kerry/ Obama foreign policy doctrine. Just this week Russia violated an arms treaty by testing a new type of cruise missile; and Obama’s response was to send a letter to Vladimir Putin (not joking) explaining his disapproval. Future ramifications might include a new hashtag campaign, unfriending Putin on Facebook, or sending angry text messages late at night. And, really, given the West’s reaction to Putin’s acts of aggression in Ukraine, it only makes sense that the former KGB agent would feel emboldened to disrespect an obscure Reagan era treaty. Vladimir...