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Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Hillary 'Lavished Praise on Wall Street--You Guys Pillar of Economy'

    02/10/2016 6:50:56 AM PST · by governsleastgovernsbest · 6 replies
    NewsBusters ^ | Mark Finkelstein
    Yesterday, Politico reported that in a Wall Street speech, Hillary sounded more like "a Goldman Sachs managing director." Today, Bloomberg's Josh Green quoted a financial CEO who attended another Clinton speech as saying Hillary "lavished praise on Wall Street, said you guys are the pillar of our economy." Ruh-roh: how will the increasingly left-wing Dem electorate react to that? GOP strategist Steve Schmidt subsequently said that release of the speech transcripts could be "fatal" for Clinton's campaign. Happy day after New Hampshire, Hillary! The MSM is not eager to sink Clinton. But the drip, drip, drip of these stories about...
  • Man accused of tossing alligator into drive-thru window

    02/10/2016 5:21:23 AM PST · by Sam's Army · 22 replies
    Lakeland Ledger ^ | , February 9, 2016 | Terry Spencer
    WEST PALM BEACH — Alligators have been used as shoes, briefcases, university mascots, lunch and now, authorities say, a deadly weapon. Joshua James, 24, was arrested Monday and charged with assault with a deadly weapon without intent to kill after Florida Fish and Wildlife Conservation officials said he threw a 3.5-foot alligator through a Palm Beach County Wendy's drive-thru window in October. He's also charged with illegally possessing an alligator and petty theft. Jail records show he was released on $6,000 bail Tuesday. He was ordered to have no contact with animals. Wildlife officer Nicholas Guerin said in his report...
  • Here’s Proof That A Pliant Press Does What Democrats Tell Them To

    02/10/2016 4:50:25 AM PST · by IBD editorial writer · 25 replies
    Investor's Business Daily ^ | 2/9/2016 | John Merline
    Soon after Hillary Clinton became secretary of State, The Atlantic’s then politics editor Marc Ambinder was fishing around for an early look at a speech she was going to give to the Council on Foreign Relations. Clinton’s spokesman, Philippe Reines, said fine, but added three conditions.
  • Feel The Bern: Donald Trump Copies Sanders On Drug Price Controls

    02/10/2016 4:30:11 AM PST · by IBD editorial writer · 39 replies
    Investor's Busienss Daily ^ | 2/9/2016 | Staff
    Election ’16: At a rally in New Hampshire over the weekend, Donald Trump spent a good deal of time complaining about how much the government spends on drugs. Too bad his math, and his facts, were all wrong.
  • 70% Of Obama’s Budget Is Writing Checks To Individuals

    02/10/2016 4:26:54 AM PST · by IBD editorial writer · 56 replies
    Investor's Business Daily ^ | 2/9/2016 | Staff
    Budget: What is the federal government’s most important function these days? Based on the Obama budget released today, it’s not defense, or roads, or education, or the environment. It’s cutting checks.
  • Socialist Sweep New Hampshire [SANDERS AND TRUMP]

    02/10/2016 2:33:49 AM PST · by expat_panama · 141 replies
    American Thinker ^ | February 10, 2016 | C. Edmund Wright
    Shortly after Barack Obama swept into the White House while giving Nancy Pelosi and Harry Reid a coattail Marxist Congress, Newsweek Magazine ran the cover "We're all Socialists now,"... ...it took until last night before it was literally true, as New Hampshire gave a full-throated socialist a rout over semi-socialist Hillary Clinton on the Democrat side and the once and now apparently again socialist Donald Trump won... ...In case you missed the final score, it was Bernie by about 18 over Hillary and Trump by about 18 over John Kasich. Yes, John Kasich. ... ...Trump has flirted with socialist talking...
  • Clinton, Top Dems Take Contributions From Lobbyists at Firms Hired by Koch Industries

    02/09/2016 7:42:56 PM PST · by Olog-hai · 8 replies
    Washington Free Beacon ^ | February 9, 2016 3:00 pm | Joe Schoffstall
    Top Democratic politicians and committees have taken tens of thousands in contributions from individuals who work at firms that lobby on behalf of Koch Industries, despite railing against Koch's influence for years, according to campaign finance filings. Charles and David Koch, the billionaire libertarian philanthropists and heavyweight political donors, have been at the center of the Democrats' "dark money" campaign finance battle in recent years. Democrats have charged that Republican politicians who receive funds from the Koch network are "beholden" to their political agenda. However, individuals who work at firms that actually do represent Koch interests have also poured money...
  • EPA clarifies stance on road-to-racecar conversions

    02/09/2016 6:42:42 PM PST · by rktman · 29 replies
    foxsports.com ^ | 2/9/2016 | Mark Glendenning
    The Environmental Protection Agency has issued a clarification in response to claims that it is proposing a ban on converting road vehicles into race cars. The Specialty Equipment Market Association (SEMA) issued a statement on Monday indicating its intention to fight an EPA proposal to change the wording to the Clean Air Act as it applies to the installation of aftermarket parts that might circumvent stock emission-control devices. But in a separate statement released to the media today, the EPA said that the proposed change is merely intended to clean up the wording of an existing law: "People may use...
  • Welcome to the 'Agrihood': Homes Built Around Working Farms

    02/09/2016 5:48:46 PM PST · by Lorianne · 26 replies
    ABC News ^ | 09 February 2016 | Dean Fosdick
    Gated communities with houses clustered around golf courses, swimming pools, party rooms and fitness centers are common in many suburban areas. But homes built adjacent to functioning farms? Welcome to "agrihoods" — pastoral ventures with healthier foods as their focus. This farm-to-table residential model has been sprouting up everywhere from Atlanta to Shanghai. It involves homes built within strolling distance of small working farms, where produce matures under the hungry gaze of residents, where people can venture out and pick greens for their salads. "Real estate developers are looking for the next big thing to set them apart," said Ed...
  • "I Don't Trust Deutsche Bank" David Stockman Unleashes Truth Bomb

    02/09/2016 4:33:25 PM PST · by SkyPilot · 14 replies
    Zero Hedge ^ | 9 Feb 16 | Tyler Durden
    "I Don't Trust Deutsche Bank" David Stockman Unleashes Truth Bomb: "When The Crunch Comes, Bank CEOs Lie" Following this morning's proclamation by Deutsche Bank co-CEO John Cryan that Germany's largest bank is "rock solid," David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago... "in my experience is that when the crunch comes, bank CEOs lie" Stockman details the Morgan Stanley, BofA, Lehman, and Bear Stearns bullshit that occurred before exclaiming... "I don't trust Deutsche Bank. I don't trust what they're saying. And there's reason why the banks are being sold all across...
  • Rubio's [H-1B] Immigration Plan Will Only Cause Suffering For Americans

    02/09/2016 2:07:28 PM PST · by ConservingFreedom · 13 replies
    Overpasses For America ^ | February 8th, 2016 | Mark Thies
    I first met Sen. Marco Rubio at a Republican fundraiser in 2014 where he was the featured speaker."Hi, my name is Mark Thies", I said. "I'm an Engineering Professor at Clemson.""Engineers!", he said. "Boy, we sure need a lot more of them, don't we!"I shook my head in wonder at his comment. Indeed, if you get your news from the mainstream mediayou might think there's a big shortage of students in science, technology, engineering and math (STEM). The truth, however, is quite different.For example, Clemson's engineering enrollment has reached almost 5,300 students - an 80 percent increase since 2008!In my...
  • Obama's $319 Billion Oil Tax Plan Raised to $10.25 a Barrel

    02/09/2016 12:27:48 PM PST · by reaganaut1 · 13 replies
    Bloomberg | February 9, 2016 | Jennifer A Dlouhy and Brian Wingfield
    No excerpt from Bloomberg allowed, story here.
  • Obama to release $4 trillion-plus budget for 2017

    02/09/2016 12:22:32 PM PST · by Olog-hai · 18 replies
    Associated Press ^ | Feb. 9, 2016 4:16 AM EST | Andrew Taylor and Martin Crutsinger
    President Barack Obama is releasing his eighth and final budget, a $4 trillion-plus document that's freighted with liberal policy initiatives and both new and familiar tax hikes -- all sent to a dismissive Republican-controlled Congress that simply wants to move on from his presidency. [...] It comes as the deficit, which had been falling over the duration of Obama's presidency, has begun to creep up. ...
  • Chesapeake moves to quash bankruptcy fears as shares plunge

    02/09/2016 12:17:22 PM PST · by Lorianne · 1 replies
    Reuters ^ | 08 February 2016 | Jessica DiNapoli, Mike Stone
    Chesapeake Energy, the No. 2 U.S. natural gas producer, said on Monday it had no plans to file for bankruptcy, after sources told Reuters the company had asked its longtime counsel to look at restructuring options. Chesapeake's shares were halted after plunging more than 50 percent but later pared some losses, as it said advisers Kirkland & Ellis had been providing counsel since 2010 and will continue to help the company strengthen its balance sheet. Trade publication Debtwire had reported the engagement of Kirkland & Ellis on Friday evening, prompting Chesapeake's shares to drop early on Monday to $1.50 on...
  • Pennsylvania stuck in historic budget gridlock

    02/09/2016 12:17:09 PM PST · by Olog-hai · 15 replies
    Associated Press ^ | Feb 9, 2016 3:15 PM EST | Marc Levy and Mark Scolforo
    Gov. Tom Wolf warned lawmakers on Tuesday that Pennsylvania's finances are a ticking time bomb amid a record-long budget gridlock, as he sent them a spending proposal for the coming fiscal year with no full plan in place for the year that began back in July. The first-term Democrat delivered an approximately $33.3 billion plan for 2016-17 to the Republican-controlled Legislature as he tries again to break down resistance to a multibillion-dollar tax increase that has held up passage of a budget for the current year. Wolf delivered his message in a blunt, 25-minute speech that prompted objections from most...
  • Business May Be Disrupted By The Failure Of The EU And US To Reach Data Transfer Agreement

    02/09/2016 10:01:07 AM PST · by Congaga · 5 replies
    Businesstory ^ | Congaga
    For businesses and indeed customers these days the transfer of online data is vital to make things work as they should.
  • White House forecasts fastest economic growth in decade...? Where-Washington D.C.?

    02/09/2016 8:36:20 AM PST · by AngelesCrestHighway · 17 replies
    MarketWatch ^ | 02/09/16 | Greg Robb
    The White House expects the domestic economy to be able to power through the headwinds including a stronger dollar, weaker oil and financial turmoil. According to assumptions in the budget released Tuesday, the White House sees growth of 2.6% this year and in 2017, the best back-to-back years since 2005 and 2006. The U.S. economy grew 2.4% in 2015. In presenting his final budget, President Barack Obama sounded like he was in no mood for second-guessing. “Our economy is the strongest, most durable on Earth,” he said in the introduction. The White House forecast is not far away from consensus...
  • More jobs than job seekers bodes well for U.S. labor force in 2016, expert says

    02/09/2016 8:04:17 AM PST · by SeekAndFind · 50 replies
    Daily News ^ | 02/09/2016 | BY DR. STEVEN LINDNER
    Although stock portfolios may be looking bleak with the sudden fall in the market indices, employment prospects for job seekers have never looked better. I don't have a crystal ball, but there are some strong indicators that 2016 has much to offer in terms of achieving our career aspirations. Currently there are more jobs available than job seekers. According to the U.S. Department of Labor, the current unemployment rate is trending downward, a positive sign for all us -- it was 4.9% in January, down from 5% the previous month. In some parts of our country, we have unemployment rates...
  • Bernie and Hillary Both Wrong About Evil Bankers

    02/09/2016 7:03:12 AM PST · by SeekAndFind · 13 replies
    American Thinker ^ | 02/09/2016 | Christopher Chantrill
    Everybody hates bankers and Wall Street, and so politicians hate them too. Senator Bernie Sanders (I-VT) has made much of Hillary Clinton's Wall Street connections. "I don't know any progressive who has a super PAC and takes $15 million from Wall Street," Sanders has said. Hillary accuses Bernie of "innuendo." But they both want you to believe that "greedy bankers" rather than stupid government policy cause the Crash of 2008. So we need Dodd-Frank to keep the bankers tame and obedient. My thinking on greedy bankers diverged from the conventional wisdom many years ago when I read an article about...
  • There's been a boom in driver's licenses issued to immigrants here illegally

    02/09/2016 6:56:38 AM PST · by Dallas59 · 17 replies
    LA Times ^ | 2/8/2016 | Tatiana Sanchez
    Judith Benitez had gone most of her adult life without knowing how to drive. The 35-year-old woman from Mexico who is in the U.S. illegally would ask family members for rides to pick up her children from school. Trips to the grocery store or the doctor's office were complicated. That changed last year when Assembly Bill 60 was implemented, granting people in the country illegally the right to obtain driver's licenses in California. Benitez, who lives in Lemon Grove, learned to drive and was among those in line at the Department of Motor Vehicles the day the law took effect.
  • EPA greenhouse gas rule would ban conversion of light vehicles to racecars

    02/09/2016 6:46:50 AM PST · by Oldeconomybuyer · 37 replies
    Automotive News ^ | February 9, 2016 | by Ryan Beene
    An EPA proposal to slash greenhouse gas emissions by medium and heavy duty vehicles would also ban the conversion of street cars into racecars, with far-reaching effects on auto racing and the aftermarket parts industry. The Specialty Equipment Market Association, a trade group representing automotive aftermarket companies, said in a statement late Monday that the EPA's proposal would also make the sale of certain emissions-related parts used on racecars that were originally street cars illegal. SEMA says it and other affected stakeholders will work to oppose the EPA's proposed ban. "This proposed regulation represents overreaching by the agency, runs contrary...
  • Farm Contractors Balk At Obamacare Requirements

    02/09/2016 5:53:46 AM PST · by Oldeconomybuyer · 18 replies
    NPR ^ | February 9, 2016 | by April Dembosky
    Obamacare is putting the agricultural industry in a tizzy. Contractors who provide farm labor must now offer workers health insurance are complaining loudly about the cost in their already low-margin business. Last year, employers with 100 or more full-time employees had to offer health insurance to their workers or pay a stiff penalty. This year, employers with 50 to 99 full-time employees must comply. The cost isn't the only thing about Obamacare stressing people out in the ag industry. Some are worried about immigration problems. Employers have to file new health care forms with the IRS for all their workers,...
  • Throwing The Flag On Obama For Excessive Celebration After Jobs Report

    02/09/2016 4:44:02 AM PST · by expat_panama · 21 replies
    Investors Business Daily ^ | February 8, 2016 | Editorial
    Economy: After another mediocre jobs report showing gains barely keeping up with natural labor force growth, Barack Obama rushed to the TV cameras and spiked the football in the end zone. But if there had been referees, he would have been penalized for excessive celebration. What exactly was the president celebrating? A GDP that grew by 0.8% in the fourth quarter and still has anemic labor-force participation among those in their prime earning years? A stock market off to one of its worst starts ever, with the S&P 500 already down 10% and the Nasdaq off 15%? A real unemployment...
  • U.S. bank stocks and bonds clobbered by recession worry

    02/09/2016 4:31:58 AM PST · by EBH · 17 replies
    Yahoo Finance ^ | 2/9/2016 | Caroline Valetkevitch and Will Caiger-Smith
    NEW YORK (Reuters/IFR) - U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly.... Meanwhile, bonds issued by U.S. banks extended their decline, with the yield premium demanded by investors to hold these securities, rather than safer U.S. Treasury debt, climbing to the highest in three-and-a-half years, according to Bank of America Merrill Lynch Fixed Income Index data. "Investors' attitudes seem to be worsening relative to the likelihood of a global recession. I think that's what financials...
  • Hold on Ex-Im nomination keeps cronyism crimped

    02/09/2016 4:29:56 AM PST · by Cincinatus' Wife · 1 replies
    The Hill ^ | February 9, 2015 | Diane Katz
    The president has nominated attorney J. Mark McWatters for the bank board. However, Sen. Richard Shelby (R-Ala.), chairman of the Committee on Banking, Housing and Urban Affairs, has said he's "in no hurry" to hold a hearing or a vote on the nomination. Other pending confirmations take precedence, he said.The last of the 2015 lobbying reports are in, and the top corporate spender turns out to have been the Boeing Company, at $21.9 million. Not coincidentally, the aerospace giant also outranks thousands of other firms in profiting from the subsidies doled out by the Export-Import Bank. Last year, Boeing benefitted...
  • Trump and Eminent Domain [way to acquire property without using government force]

    02/09/2016 2:32:45 AM PST · by Cincinatus' Wife · 54 replies
    National Review ^ | February 9, 2015 | John R. Lott Jr.
    Memo to The Donald: There are ways to acquire property without using government force. "Eminent domain is an absolute necessity," said Donald Trump during Saturday's Republican presidential debate. "Without it," he claimed, "you wouldn't have roads, you wouldn't have hospitals, you wouldn't have anything. You wouldn't have schools, you wouldn't have bridges. You need eminent domain." In fact, though, we would still have roads, bridges, schools, and hospitals. It's a relatively new phenomenon for the government to seize property on behalf of private development projects. And yet, so very many of these projects somehow used to get done. Only one...
  • Is Elgin-O'Hare extension caught in political roadblock?

    02/09/2016 12:06:23 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Daily Herald ^ | January 14, 2016 | Marni Pyke
    A divide between the Illinois tollway and Chicago on the cost of airport land needed for the Elgin-O'Hare Expressway extension is threatening progress on the massive project, considered vital for the suburbs. An agreement to sell property on the western edge of O'Hare to the tollway at market value more than a decade ago has disintegrated, officials said, and the city's latest price tag of about $190 million is giving the tollway sticker-shock. "We've been negotiating for a long time. ... It's within the last couple of months I've realized how far apart we were," tollway Chairman Robert Schillerstrom said....
  • Ted Cruz on Net Neutrality: 'Obama Is Salivating to Regulate the Internet'

    02/08/2016 11:10:49 PM PST · by Cincinatus' Wife · 27 replies
    Breitbart ^ | January 22, 2016 | Noah Dulis
    Republican presidential candidate Sen. Ted Cruz (R-TX) has spoken out against the government's regulation of the Internet through net neutrality in a video message Breitbart Tech can exclusively share with readers. "That will end, and that will end immediately," Cruz declared when asked if he would continue to allow the Internet to be classified as a public utility if elected president. [BIG SNIP] "That's what the Internet does," he stated. "It empowers people." Cruz described net neutrality as "Obamacare for the Internet." Beyond arguing that it would allow the government to regulate "prices and terms of sale on the Internet,...
  • Low gas prices signal economic downturn elsewhere

    02/08/2016 10:41:41 PM PST · by george76 · 63 replies
    WLS-TV ^ | February 08, 2016 | Laura Thoren
    Gas prices in Chicago are still falling, but the price at the pump is having a negative impact on the economy. ... as the cost to fill up your tank goes down, could this also be a sign -- the economy is tanking? Commodities trader Scott Shellady thinks so. "It's bad for everybody. We are going to lose one-fifth of the jobs we created in 2008," said Shellady. And he doesn't expect a market rebound anytime soon. So if you were hoping to cash in your 401K or IRA and retire in the next year, Shellady says, rethink your plans....
  • How the Chinese Basketball Association Became the Hot Destination for NBA Talent

    02/08/2016 9:50:14 PM PST · by Zhang Fei · 8 replies
    Bleacher Report ^ | Oct 29, 2013 | Jared Zwerling
    Now in its 19th season, the Chinese Basketball Association (CBA) season will tip off next week with its most prized class of Americans. Many have played in the NBA and are still young and talented enough to return to the world's top hoops league. The groundwork for the popularity of today's CBA was laid in the mid-1990s, under sometimes difficult conditions. Since then, everything from the league's rising salaries to Stephon Marbury to the 2011 NBA lockout to the struggling European economy to the NBA's new collective bargaining agreement have made China the top overseas option for American players. In...
  • Klamath River dams moving toward removal despite congressional barriers ( CA & OR )

    02/08/2016 9:41:55 PM PST · by george76 · 37 replies
    Los Angeles Times ^ | Feb. 3, 2016 | Bettina Boxall
    California, Oregon and the federal government are working on a way around congressional barriers to the removal of hydroelectric dams on the Klamath River. The states, the U.S. Interior Department and the owner of the dams, PacifiCorp, announced Tuesday that they have agreed in principle to pursue removal through the federal dam relicensing process. The move comes after a complex deal to decommission four hydroelectric dams and restore portions of the historic salmon river fell apart when Congress failed to act on a crucial piece of the pact by a Dec. 31 deadline. Republican members of Congress and local elected...
  • Bill would make Obama’s birthday a state holiday

    02/08/2016 9:13:27 PM PST · by Tolerance Sucks Rocks · 65 replies
    Reboot Illinois ^ | February 4, 2016 | Kevin Hoffman
    A bill introduced in the Illinois House would make Aug. 4, President Barack Obama’s birthday, a state holiday. State Rep. André Thapedi, D-Chicago, and three other Chicago-area Democratic lawmakers are sponsoring House Bill 4654, which was filed on Feb. 2. The legislation would make Obama’s birthday a legal holiday, meaning state offices and schools would be closed. From the bill: “The fourth day of August of each year shall be a legal holiday to be known as Barack Obama’s Birthday to be observed as a day on which to hold appropriate exercises in commemoration of our illustrious President. When August...
  • Seattle’s brash king of pot raking in cash and raising hackles at Uncle Ike’s

    02/08/2016 8:50:26 PM PST · by steve86 · 4 replies
    The Seattle Times ^ | Feb 7, 2016 | Bob Young
    Just after Uncle Ike's Pot Shop opened in Seattle's Central District, it boasted in an ad, "Our weed cures Ebola." Knowing that merchants in the new industry weren't allowed to make any medical claims about pot, the fine print disclaimer winked: "If you believe this ad, you are a (expletive) moron." That in-your-face Vern Fonk-on-weed sensibility has helped make Uncle Ike's the state's top-selling pot store, with $1.4 million in monthly sales. It's also changing the personality of 23rd Avenue and East Union Street, once a predominantly African-American corner, with neon signs, a wall-mural ad, food truck, sign-waving mannequin and...
  • I-55 to see first P3 managed lane project in Illinois history

    02/08/2016 8:11:36 PM PST · by Tolerance Sucks Rocks · 8 replies
    Better Roads (Equipment World) ^ | February 8, 2016 | Chris Hill
    Illinois Gov. Bruce Rauner has announced with members of the state general assembly a plan allowing the Illinois Department of Transportation (IDOT) to add at least one additional lane in each direction to a 25-mile stretch of Interstate 55 near Chicago using a public-private partnership (P3) agreement. IDOT is allowed to use P3 agreements only if the general assembly adopts a resolution supporting a proposed project, a state law in place since 2011. This would be the first P3 managed lane project in the state. “By using existing resources to leverage private investment, we can build the type of infrastructure...
  • Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here

    02/08/2016 6:01:55 PM PST · by SkyPilot · 111 replies
    Economic Collapse ^ | 8 Feb 16 | Michael Snyder
    There is so much chaos going on that I don't even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let's start with Deutsche Bank. The stock of the most important bank in the "strongest economy in Europe" plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis. Overall, the stock price is now down a staggering 36 percent since 2016 began, and...
  • Jeremy Corbyn told to prepare for a General Election THIS YEAR amid fears David Cameron could…(tr)

    02/08/2016 4:54:22 PM PST · by Olog-hai · 3 replies
    Mail on Sunday (UK) ^ | 18:10 EST, 7 February 2016 | Matt Dathan
    Jeremy Corbyn has been told to prepare for a snap General Election later this year amid fears that David Cameron could quit as Prime Minister following the EU referendum. Toby Perkins, Labour MP for Chesterfield, warned that Labour would be 'hurtling towards catastrophe' if it faced an election soon - pointing to the Lib Dems as an example of the 'scale of devastation' that the party could face. The party is currently 'under-prepared, divided and under-resourced' and could face an 'existential battle that may be upon us much sooner than some expected', he added. ...
  • Trump: Markets in a 'big, fat, juicy bubble'

    02/08/2016 3:03:00 PM PST · by SkyPilot · 55 replies
    CNBC ^ | 8 Feb 16 | Jacob Pramuk
    Amid another battering for stocks Monday, billionaire businessman Donald Trump contended that markets still look overvalued. "I hope I'm wrong, but I think we're in a big, fat, juicy bubble," the Republican presidential candidate said on CNBC's "Power Lunch." Major U.S. stock averages were down more than 2 percent each Monday afternoon, continuing a rocky year in which the S&P 500 has fallen 10 percent. Fears about slowing growth in the United States and around the globe have contributed to the recent selling. Trump, who was in New Hampshire ahead of Tuesday's primary voting, criticized the state of the economy...
  • Michael Bloomberg says he is actively considering running for president as an independent

    02/08/2016 2:09:43 PM PST · by Zhang Fei · 57 replies
    Daily Mail ^ | 16:20 EST, 8 February 2016 | David Martosko
    Michael Bloomberg, the billionaire former mayor of New York City, confirmed on Monday that he is actively considering running for president as an independent. In a dramatic interview, the 73-year-old said he was 'looking at all the options' and expressed disgust at the current state of the White House race. Bloomberg would be the richest candidate in American political history with a fortune of $36 billion, dwarfing the resources of Republican Donald Trump and enabling him to self-fund a campaign many times over.
  • German, French central bankers call for euro zone finance ministry

    02/08/2016 1:34:12 PM PST · by Lorianne · 4 replies
    Reuters ^ | 07 February 2016
    The euro zone needs to press ahead with structural reforms and closer integration, including an euro zone finance ministry, to deliver sustainable growth, the heads of the French and German central banks wrote in a German newspaper on Monday. In a guest article for the Sueddeutsche Zeitung entitled "Europe at a crossroads", they said the European Central Bank (ECB) was not in a position to create sustainable long-term growth for the 19-country single currency bloc. The ECB has undershot its 2-percent inflation target for three straight years and is unlikely to return to it to for years to come given...
  • Sowell: Toxic Words

    02/08/2016 11:51:00 AM PST · by jazusamo · 21 replies
    Creators Syndicate ^ | February 9, 2016 | Thomas Sowell
    During this election year, we are destined to hear many words that are toxic in the way they misrepresent reality and substitute fantasies that can win votes. One of these words is "entitlement." To hear some politicians tell it, we are all entitled to all sorts of things, ranging from "affordable housing" to "a living wage." But the reality is that the human race is not entitled to anything, not even the food we need to stay alive. If we don't produce food, we are just going to starve. If we don't build housing, then we are not going to...
  • Company tracked Iowa caucusgoers’ phones

    02/08/2016 11:20:11 AM PST · by iowamark · 96 replies
    USA Today | 2/8/2016 | Donovan Slack
    Gannet paper, link only: http://www.usatoday.com/story/news/politics/onpolitics/2016/02/08/company-tracked-iowa-caucusgoers-phones/80005966/#
  • In Tehran, Tsipras says he hopes Greece will be Iran-EU bridge

    02/08/2016 10:18:17 AM PST · by Olog-hai · 3 replies
    Times of Israel ^ | February 8, 2016, 3:49 pm | (Times of Israel Staff and Agencies)
    Greece aims to play the role of an economic force to strengthen ties between the European Union and Iran, Greek Prime Minister Alexis Tsipras said Sunday after he arrived in Tehran for an official visit. "Greece will become an energy, economic and trade bridge between Iran and European Union," Tsipras said, according to a translation by the Mega television channel. He further called Iran "a key player for stability and peace in the Middle East, and a significant economic partner." Tsipras's comments come after Iran's nuclear deal with world powers came into force, allowing the United States and the European...
  • Beyonce's 'Black Power' salute during Super Bowl 50 halftime show slammed by Rudy Giuliani

    02/08/2016 9:44:48 AM PST · by rktman · 46 replies
    nydailynews.com ^ | 2/8/2016 | Jacqueline Cutler
    "This is football, not Hollywood, and I thought it was really outrageous that she used it as a platform to attack police officers who are the people who protect her and protect us, and keep us alive," he said. "And what we should be doing in the African-American community, and all communities, is build up respect for police officers. And focus on the fact that when something does go wrong, okay. We'll work on that. But the vast majority of police officers risk their lives to keep us safe."
  • U.S. stocks tumble to 22-month low as energy, financials drop

    02/08/2016 7:59:26 AM PST · by John W · 27 replies
    marketwatch.com ^ | February 8, 2016 | Ellie Ismailidou
    U.S. stocks tumbled Monday morning to their lowest level in 22 months as a fresh drop in oil prices amid continuing fears of economic slowdown pushed investors to the perceived safety of government bonds and gold. "Is the market throwing out the baby with the bath water?"said James Meyer, chief investment officer at Tower Bridge Advisors, referring to the "rapid fall in prices for the high flying tech and biotech names that have been leading the market for the past 12 months." "The former leaders of the previous bull cycle are the ones that get taken to the woodshed in...
  • Drought Conditions in Southwest May Be Here to Stay

    02/08/2016 7:50:21 AM PST · by rktman · 30 replies
    newsmax.com ^ | 2/7/2016 | Greg Richter
    Drought conditions may be the default position of the American Southwest now, according to a new study published in Geophysical Research Letters. A study of the region from 1979 through 2014 shows that drier conditions have set in as lower precipitation has become the norm, and it is expected to continue.
  • Steve Forbes on Donald Trump and His 'Hoo-Ha'

    02/08/2016 4:30:07 AM PST · by Cincinatus' Wife · 77 replies
    The Street ^ | December 20, 2015 | Jeremy Greenfield
    Steve Forbes ran for president twice -- in 1996 and 2000 -- spending a reported $69 million of his own money in failed bids to win the Republican nomination. His campaigns mostly focused on establishing a flat income tax and other similar economic reforms. The multi-millionaire chairman and editor-in-chief of Forbes Media isn't running for president this time around, but he does have a new book out this week (Reviving America), promoting three big reforms he believes America should adopt: repeal and replace Obamacare with something akin to a free-market health-care system; scrapping the Federal income tax code in favor...
  • Colonial Williamsburg Super Bowl ad shows World Trade Center falling, angers viewers

    02/08/2016 3:43:35 AM PST · by SMGFan · 12 replies
    Washington Post ^ | February 8, 2016
    A Super Bowl ad promoting tourism in Colonial Williamsburg made a questionable choice in showing video of the Sept. 11, 2001 attacks on the World Trade Center. The commercial, which aired in New York, Philadelphia and Washington, begins with reversed footage of achievements throughout American history:
  • Donald Trump: Here's the one area where Bernie Sanders and I agree [WITH CHINA ON TPP]

    02/08/2016 2:50:05 AM PST · by expat_panama · 76 replies
    Business Insider ^ | February 8, 2016 | Maxwell Tani
    Donald Trump said Sunday that there's one issue on which he and Sen. Bernie Sanders (I-Vermont) agree: trade. In a CNN interview Sunday, Trump pointed out that he and Sanders both opposed the Trans-Pacific Partnership, the multinational trade agreement brokered by the Obama administration. The deal aims to reduce tariffs and put legal standards in place in the 12 participating countries. "The one thing we very much agree on is trade. We both agree that we are getting ripped off by China, by Japan, by Mexico, everyone we do business with," Trump said. But though the mogul suggested that he...
  • Transportation funding expected to fall $6B short in Pennsylvania

    02/08/2016 12:54:21 AM PST · by Tolerance Sucks Rocks · 14 replies
    The Pittsburgh Tribune-Review ^ | February 1, 2016 | Melissa Daniels
    Pennsylvania will be about $6 billion short of being able to fund all the projects legislators promised their constituents during passage of Act 89, the transportation funding bill of 2013. Secretary Leslie Richards will break the news to the Senate Transportation Committee when she testifies Tuesday, according to a copy of her testimony obtained by the Tribune-Review. Pennsylvania's 12-year transportation plan covers about 2,800 projects at a cost of about $34 billion. But that exceeds the $28 billion in revenue projected to come in for that time frame. “The Corbett administration over promised projects by at least $6 billion compared...
  • 'I have at least 20 Muslim friends', says Donald Trump, but can't name them

    02/07/2016 10:53:43 PM PST · by Cincinatus' Wife · 190 replies
    The Daily Telegraph ^ | February 7, 2015 | David Lawler, New Hampshire
    ..... The Republican presidential candidate has repeatedly said that "Muslims love him" despite his provocative policies, but has so far failed to name any single individual Muslim supporter. Asked by the Telegraph to elaborate, Mr Trump again ducked the question responding: "Oh, I could give you about 20 of them."... Donald Trump Junior, Mr Trump's son, was also unable to tell the Telegraph who his father's Muslim friends were, saying only that they had "completed a lot of business deals" in the Middle East.