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Business/Economy (News/Activism)

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  • Dunkin' Donuts franchisee closing 100 stores

    10/04/2015 3:10:46 AM PDT · by WhiskeyX · 39 replies ^ | October 02, 2015 |
    Looks like America will run a little less on Dunkin’. Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees it will be shutting 100 stores across the country in the next 15 months, reports Forbes. [....] Dunkin’ said a spike in the cost of eggs due to the recent avian flu outbreak in the U.S. was a reason along with concerns with the rise in minimum wage laws in cities across the country. Last month, New York became the first state to raise the minimum wage for fast-food...
  • Obama: There Will Be a Government ‘Shutdown Threat Two Weeks Before Christmas’

    10/03/2015 5:29:42 PM PDT · by george76 · 27 replies
    CNSNews ^ | October 3, 2015 | Terence P. Jeffrey
    In his Weekly Address today, resident Barack Obama warned that there will be another government shutdown threat two weeks before Christmas and said he “will not sign” a short-term spending bill. The continuing resolution that Congress passed this week runs until Dec. 11. If resident Obama does “not sign” the spending bill Congress sends him to fund the government after that date, Obama will shut down the government. The government will not be funded until Obama signs an appropriations bill passed by Congress. Fortunately, there were enough votes in both parties to pass a last-minute bill to keep the government...
  • Father of Oregon Shooter: How Is It So Easy to Get 13 Guns?

    10/03/2015 3:37:15 PM PDT · by rktman · 78 replies ^ | 10/3/2015 | Todd Beamon
    The father of the Oregon community college shooter said Saturday that he "had no idea that he had any guns whatsoever" and called for more restrictions as he questioned how his 26-year-old son obtained as many as 13 firearms. "How on Earth could he compile 13 guns? How can that happen?" asked Ian Mercer, the father of Christopher Harper-Mercer, who killed nine people and injured nine others in the shooting at Umpqua Community College in Roseburg.
  • A Closer Look at the August 15 Drop in Housing Starts

    10/03/2015 2:29:02 PM PDT · by Lorianne · 4 replies
    Market Realist ^ | 30 September 2015 | Brent Nyitray
    Housing starts fell from a downward-revised ~1.16 million to ~1.13 million in August 2015. This was below Wall Street estimates of just over 1.16 million. We also saw declines in single-family starts, which fell to 739,000 from 762,000. Multi-family starts fell to 381,000 from 390,000. The real estate market in big cities is undoubtedly being influenced by foreign investors who want to diversify their holdings and are encouraged by the strength of the dollar. In addition, wealthy Chinese investors are taking advantage of the visa program, which promised a free green card to anyone who invests $500,000 and creates ten...
  • A Disappointing September Jobs Report

    10/03/2015 2:21:32 PM PDT · by Lorianne · 12 replies
    Atlantic, the ^ | 02 October 2015
    The September jobs report from the Labor Department on the U.S. employment situation is now out: The unemployment rate remains at 5.1 percent, and the economy added 142,000 jobs in September. The report is being called “lackluster” and “worrying” for a couple reasons: First, forecasters were hoping for at least 200,000 jobs added. The average number of jobs added per month in the first eight months of 2015 is above 200,000. Secondly, the August jobs-added numbers have been revised down to 136,000 from 173,000; July’s numbers have also been revised down—together with August this means that 59,000 fewer new jobs...
  • The awful truth about Obama's hometown that he and the media ignore in gun discussion

    10/03/2015 8:43:32 AM PDT · by afraidfortherepublic · 19 replies
    The American Thinker ^ | 10-3-15 | Thomas Lifson
    Why has no one asked President Obama what “common sense” gun control measures in addition to those already at work in Chicago he would like to see? Why has no one asked him about the disparity in his concern over a handful of white victims in Orgeon versus his complete ignoring of hundreds of black murder victims in his hometown? Chicago, the town Obama adopted as his own and where his mansion still sits, puts the lie to the vague gun control nostrums he is selling. A highly amusing site called (“Illustrating Chicago Values”) graphically illustrates the ongoing carnage...
  • Hillary’s Server Is the Smoking Gun!

    10/03/2015 8:23:50 AM PDT · by afraidfortherepublic · 41 replies
    The National Review ^ | 10-3-15 | Jonah Goldberg
    EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader (including Kevin McCarthy, who may be too busy putting a cast on his Boehner, having stepped on it so badly), I feel like Donald Trump when asked to list all the reasons why he’s terrific; I have no idea where to begin. Lots of stuff has happened since my last “news”letter. Rather than approach this blank page with the sort of planning and care that you’ve come to expect from this well-crafted digital epistle, I’m...
  • Scottrade says victim of hackers who targeted financial firms

    10/03/2015 8:05:53 AM PDT · by WhiskeyX · 7 replies
    Reuters ^ | Fri Oct 2, 2015 4:01pm EDT | (Reporting by Diane Bartz and Jim Finkle; Editing by Meredith Mazzilli and Christian Plumb)
    Discount broker Scottrade said on Friday that it was the victim of a cyber attack from late 2013 to early 2014 that compromised client names and addresses in a database with information on some 4.6 million customers. The firm said it learned about the attack from federal law enforcement officials who were investigating the theft of data from Scottrade and other financial services firms. The company did not identify other potential victims. FBI officials could not be reached for comment.
  • Key Democrat at center of condo-defects fight is pulled from legislative 'kill committee' ( CO )

    10/03/2015 7:45:06 AM PDT · by george76
    Denver Business Journal ^ | Oct 1, 2015 | Ed Sealover
    The Democratic Colorado legislator who was the swing vote on the failed construction-defects reform bill earlier this year will not have the opportunity to cast a second vote on the subject as a member of the House State, Veterans and Military Affairs Committee. House Speaker Dickey Lee Hullinghorst, D-Gunbarrel, announced Thursday that she will drop the size of the state Legislature's so-called “kill committee” from 11 members to nine for the 2016 legislative session and will remove state Rep. Joe Salazar, D-Thornton, from the committee as a result. ... House Minority Leader Brian DelGrosso, R-Loveland, also must remove one Republican...
  • Health insurance provider Colorado Access cutting Medicare coverage for coming year

    10/03/2015 7:29:00 AM PDT · by george76 · 5 replies
    NYC Today ^ | 10/02/2015 | Diane Hoffman
    Health insurance provider Colorado Access is going to cut Medicare coverage for the coming year. As a result of the move around 5,500 senior and disabled customers will have to look for alternatives. Chief operating officer of Colorado Access, Matt Case has said that the Denver-based nonprofit will also let go 83 employees who were a part of Colorado Access Medicare and its subsidiary Access Health Colorado. Besides this, extra 40 openings will remain unfilled. Case said that Colorado Access has also drawn down administrative expenses, cutting down the salaries of its executive teams. Case said, “While it's never easy...
  • Marty Beil, Wisconsin Union Leader Who Lost Fight With Walker, Dies at 68

    10/03/2015 7:25:12 AM PDT · by afraidfortherepublic · 23 replies
    NY Times ^ | 10-3-15
    Marty Beil, who as the longtime leader of the union that represented Wisconsin’s state employees was at the center of the fight in 2011 against Gov. Scott Walker’s proposal that effectively ended collective bargaining for most public workers, died on Thursday at his home in Mazomanie, Wis. He was 68. The cause has not been determined, his sister, Mickey Beil, said. To many, Mr. Beil was the face of the state employees union, an outspoken advocate of workers’ rights for more than 40 years. In the 2011 fight with Mr. Walker that he ultimately lost, Mr. Beil helped organize protests...
  • Chick-fil-A Madness Comes To Manhattan

    10/03/2015 6:36:20 AM PDT · by markomalley · 71 replies
    Right Scoop ^ | 10/3/15 | Caleb Howe
    The great and terrible Chick-fil-A has come to Babylon. I’m pretty sure that’s a quote from Ghostbusters, right before the “dogs and cats living together” bit. Yes, the mighty and controversial, but undisputed King of chicken has come at last to New York City, and despite any past enmity, the city is thrilled and the residents are lined up for blocks to get the precious. Being from the south, Chick-fil-A has long been a passion of mine. If you’re wondering, I order the classic as is. I put a little mayo and mustard on it. I escape to euphoria. And...
  • Ex-Ambassador Joseph Wilson’s ‘Embarrassing’ Emails To Hillary

    10/03/2015 3:45:45 AM PDT · by afraidfortherepublic · 17 replies
    Former U.S. Ambassador Joseph Wilson caused “embarrassment” to a company he consulted for by lobbying then-Sec. of State Hillary Clinton in an email he sent through her longtime friend and ally, Sidney Blumenthal, according to court documents obtained by The Daily Caller. The company, Symbion Power, made the claim in response to a lawsuit filed in New Mexico last week by Wilson, who served as ambassador to Gabon and Săo Tomé and Príncipe during the Bill Clinton administration. Wilson claims that Symbion and its co-founders, Paul Hinks and Lord Richard Westbury, engaged in fraud, breach of contract and civil conspiracy...
  • Scott Walker's presidential race exit might propel conservative agenda

    10/03/2015 3:09:13 AM PDT · by afraidfortherepublic · 10 replies
    Milwaukee Journal Sentinel ^ | 10-2-15 | Jason Stein
    Madison— The collapse of Gov. Scott Walker's presidential campaign could actually propel conservative legislation in Wisconsin over the next several months. From ending all public money to Planned Parenthood to allowing state retailers to sell goods at cost or at a loss, lawmakers are considering proposals that conservatives have sought to pass in Wisconsin for years. Bills before the Legislature this fall could put new limits on biomedical research and remake the state's ethics and elections agency. The controversial bills could match scientists against activists opposed to abortion and big Wisconsin retailers like Kwik Trip of La Crosse against far...
  • CORRECTED-Chicago businesses brace for potential doubling of property taxes

    10/02/2015 11:10:51 PM PDT · by george76 · 18 replies
    Reuters ^ | Oct 2, 2015 | Dave McKinney
    Chicago Mayor Rahm Emanuel has disclosed that his record property tax hike plan entails significant cuts for nearly 300,000 homeowners, leaving Chicago businesses predicting they will face hikes of up to 50 percent. The second-term mayor last week proposed a $544 million property tax increase, the city's biggest ever, to help fix one of the worst-funded city pension systems in America ... Emanuel's office, which has said one in four dollars of the tax hike would come from the city's central business district, did not contest the 50-percent figure. But a mayoral aide insisted Emanuel's plan is his best effort...
  • Staples to close stores on Thanksgiving

    10/02/2015 1:59:53 PM PDT · by Responsibility2nd · 26 replies
    MSNBC ^ | 10/02/2015 | Khorri Atkinson
    Staples, the largest office products company in the United States, will close all of its stores on Thanksgiving Day this year. Instead, the retailer will offer its customers online-only deals on the holiday and then reopens stores at 6 a.m. on Black Friday, the unofficial start of the holiday shopping season. The company said in a statement Thursday that customers and employers should enjoy the Thanksgiving holiday at home with friends and family. “We want our customers and associates to enjoy Thanksgiving their own way,” Demos Parneros, president of North American Stores & Online at Staples, said in a company...
  • Obama: I won’t negotiate over raising US borrowing cap

    10/02/2015 1:52:45 PM PDT · by Olog-hai · 48 replies
    AP via CNBC ^ | 10/02/2015
    President Barack Obama says he won’t give Republicans controlling Congress concessions on must-pass legislation to increase the government’s borrowing cap. Lifting the so-called debt limit is required to forestall a market-quaking, first-ever default on U.S. obligations like interest payments and government pension benefits. …
  • Why U.S. Economy Shrugs Off Stalling Manufacturing

    10/02/2015 12:02:44 PM PDT · by expat_panama · 45 replies
    Investors Busniness Daily ^ | 10/01/2015 | JED GRAHAM
    The manufacturing sector continued to cool in September, registering the slowest growth in more than two years as economic weakness around the globe and a stronger dollar hit exports. But the lack of momentum, outside the auto sector, hasn't kept the rest of the economy from chugging along. Autos zipped out of showrooms last month at the fastest rate since July 2005. The Institute for Supply Management's U.S. factory gauge slid 0.9 point last month to 50.2 — just above the 50 neutral level. Exports were the weakest link in a sluggish report, contracting at a rate that matches the...
  • Wide range of cars emit more pollution in realistic driving tests, data shows

    10/02/2015 11:13:42 AM PDT · by Lorianne · 14 replies
    Guardian UK ^ | 30 September 2015 | Damian Carrington
    New diesel cars from Renault, Nissan, Hyundai, Citroen, Fiat, Volvo and other manufacturers have been found to emit substantially higher levels of pollution when tested in more realistic driving conditions, according to new data seen by the Guardian. Research compiled by Adac, Europe’s largest motoring organisation, shows that some of the diesel cars it examined released over 10 times more NOx than revealed by existing EU tests, using an alternative standard due to be introduced later this decade. Adac put the diesel cars through the EU’s existing lab-based regulatory test (NEDC) and then compared the results with a second, UN-developed...
  • Has Hillary lost the Teamsters over Keystone XL?

    10/02/2015 10:43:47 AM PDT · by raptor22 · 11 replies
    American THinker ^ | October 2, 2015 | Daniel John Sobieski
    The Fox News report that the Teamsters have decided not to endorse Hillary Clinton’s candidacy at this time, shortly after her pronouncement of her opposition to the Keystone XL pipeline, does not surprise and shows the peril of trying to be all things to all constituencies. On the one hand, there is a need to placate environmentalists and climate change true believers who oppose the pipeline from Canada. Among them is billionaire Tom Steyer, an eco-zealot who has pledged his fortune in support of Democratic candidates who want to repeal the Industrial Revolution who want us to rely on solar...
  • Jobs up only for immigrants, +14,000, down 262,000 for 'native-borns'

    10/02/2015 9:06:04 AM PDT · by Rusty0604 · 11 replies
    Washington Examiner ^ | 10/02/2015 | By Paul Bedard
    For a third month in a row, native-born Americans saw their job numbers tumble while immigrants experience solid gains. According to the montly Bureau of Labor Statistics numbers just released, "foreign-born" jobs numbers increased by 14,000, while those for "native-born" Americans fell off a cliff, by 262,000. Over the past three months, the job numbers for native-born have dropped by nearly 1 million, exactly the number of jobs President Obama promised to add when he ran for re-election in 2012. During that period, jobs for immigrants grew 218,000.
  • Key Senate Republican wants major fiscal deal, debt ceiling raised until 2017 [Cornyn]

    10/02/2015 8:58:26 AM PDT · by GIdget2004 · 22 replies
    CNN ^ | 10/02/2015 | Manu Raju
    The Senate's No. 2 Republican wants to extend the national borrowing limit through the 2016 elections, hoping to take full advantage of a political opening with House Speaker John Boehner's sudden decision to retire. With the Treasury Department warning on Thursday that the debt ceiling will be reached by Nov. 5, Senate Majority Whip John Cornyn is eager to see the White House and congressional leaders cut a major deal on a fiscal package that includes a long-term increase of the national borrowing limit. "I personally would like to see Speaker Boehner help clear the deck for the people who...
  • Most Saudi Royals favor coup

    10/02/2015 8:35:54 AM PDT · by mad puppy · 23 replies
    PressTV ^ | Oct 1, 2015 | PressTV
    “It is best for the country for King Salman to step down as well. We cannot take sick people in top leadership,” the grandson of Abdulaziz Ibn Saud, the state’s founder, told Britain's The Times daily. He also said that Crown Prince Mohammad bin Nayef and Deputy Crown Prince Mohammad bin Salman would "have to be punished and thrown out.”
  • 3.5 Million More Foreign-Born Workers Employed Since Obama Took Office

    10/02/2015 7:26:01 AM PDT · by markomalley · 21 replies
    Washington Free Beacon ^ | 10/2/15 | Ali Meyer
    There are 3,553,000 more foreign-born workers employed today than when President Obama took office in January 2009, according to data from the Bureau of Labor Statistics (BLS).There are currently close to 25 million foreign-born workers employed in the United States, and this number increased by 14,000 in September. In January 2009, when the president took office, there were only 21,928,000 foreign-born workers employed.The BLS does not distinguish between legal immigrants who are permitted to work here and illegal aliens in this data set.While the number of employed foreign-born workers is increasing, the number of native-born workers has declined. For the...
  • Congress Eliminates Fee Paid by H-1B Outsourcing Companies, Making it Cheaper to Take American Jobs

    10/02/2015 7:21:53 AM PDT · by ConservingFreedom · 33 replies
    IEEE ^ | 1 October 2015
    Congress allowed a fee intended to discourage outsourcing by companies that rely on H-1B visas to replace U.S. workers to expire Wednesday night. “Congress watched employers discriminate against Americans in hiring and firing, and then ship American jobs overseas. Congress promised to do something about these pernicious practices -- and it did. It made them cheaper,” IEEE-USA President Jim Jefferies said. The $2,000 outsourcing fee (along with a $2,150 fee on L-1 visas) applies only to firms with more than 50 percent of their workforce on H-1B or L-1 visas, a small percentage of tech employers, including the top outsourcing...
  • Labor Force Participation Sinks To A 38-Year Low

    10/02/2015 6:23:08 AM PDT · by blam · 13 replies
    BI ^ | 10-2-2015 | Andy Kiersz
    Andy KierszOctober 2, 2015 The September jobs report was broadly disappointing, with very few points of optimism. Along with non-farm payrolls and wage growth missing expectations, the civilian labor force participation rate — the percentage of the US population that is either working or looking for a job — fell by 0.2 percentage points to 62.4%. This is the lowest reading since October 1977.(snip)
  • Payrolls Disaster: Only 142K Jobs Added In September Zero Wage Growth; August Revised Much Lower

    10/02/2015 6:22:25 AM PDT · by SeekAndFind · 21 replies
    Zero Hedge ^ | 10/02/2015 | Tyler Durden
    And so the "most important payrolls number" at least until the October FOMC meeting when the Fed will once again do nothing because suddenly the US is staring recession in the face, is in the history books, and as previewed earlier today, at 142K it was a total disaster, 60K below the consensus and below the lowest estimate. Just as bad, the August print was also revised far lower from 173K to 136K. And while it is less followed, the household survey was an unmitigated disaster, with 236,000 jobs lost in September.Putting it into perspective, in 2015 job growth...
  • Participation Rate Crashes To October 1977 Level: Americans Not In Labor Force Soar By 579,000

    10/02/2015 6:19:48 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 10/02/2015 | Tyler Durden
    While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed - according to the household survey used to calculate the "5.1%" unemployment rate - tumbled by 236,000 to 148.8 million. And as a result of this latest surge in people who aren't working, nor want to work, the participation rate crashed yet again, and sliding from 62.6% to 62.4%, it was the lowest since October...
  • Big miss: U.S. added only 142K jobs in September

    10/02/2015 5:45:28 AM PDT · by John W · 28 replies ^ | October 2, 2015 | CBS/AP
    <p>The U.S. economy added only 142,000 jobs last month, the Labor Department said Friday. The unemployment rate remained unchanged at 5.1 percent.</p> <p>Analysts had forecast growth of a much more robust 206,000 jobs and an unchanged unemployment rate.</p> <p>Wages were flat in In September, with average hourly earnings at $25.09, following a 9-cent gain in August. Hourly earnings have risen by 2.2 percent over the year. Average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $21.08 in September, the department said.</p>
  • Fed in focus as jobs data looms

    10/02/2015 4:12:39 AM PDT · by expat_panama · 22 replies
    Yahoo Finance ^ | Fri, Oct 2, 2015 | Lionel Laurent
    LONDON (Reuters) - Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and related stocks like Glencore and sent credit spreads wider this week in the wake of a summertime surge in volatility. An escalation of fighting in Syria, with Russian air strikes marking its biggest Middle East intervention in decades, has so far failed to...
  • How Russian President Vladimir Putin Will Bankrupt His Country

    10/02/2015 3:01:37 AM PDT · by elhombrelibre · 19 replies
    THESTREET ^ | 1 Oct 15 | Lior Alkalay
    Russian President Vladimir Putin's relentless ambition has raised his nation to prominence. Russia has become an international player in the geopolitical game of chess. There's a problem for him, however. Putin has attempted to impose Russian interests first in the Ukraine and now in the Middle East. As a result, he is gradually pushing Russia closer and closer to default, just as the arms race with the U.S. during the Reagan years helped bring about the collapse of the Soviet Union. Russia Can't Compete With the U.S. If you take in all the angles, Russia is playing a game it...
  • Shopkeeper Beaten, Stabbed by Gang of Youths

    10/01/2015 8:31:36 PM PDT · by TigerClaws · 13 replies
    A Korean-American shopkeeper was beaten and stabbed by a gang of youths on September 21, 2015 outside the 55th Street Market in South Los Angeles. According to the shopkeeper's daughter, who provided the footage to news agencies, the argument broke out after three underaged youths refused to show IDs while purchasing alcohol. The youths left the store and returned a few minutes later with a larger group. When the shopkeeper confronted them outside the store as they attempted to leave with the alcohol, one of the youths breaks a bottle over his head before the group kicks and beats him....
  • Amish finally win the right to follow their beliefs in Eau Claire County

    10/01/2015 7:05:58 PM PDT · by afraidfortherepublic · 31 replies
    Wisconsin Watchdog ^ | 10-1-15 | Paul Brennan
    The Amish may have a reputation for raising barns lightning-fast, but this project has taken 10 years. It has taken that long for members of the Old Order Amish who want to build homes in Eau Claire County to complete the permitting process. The county refused to accommodate to their religious beliefs. Members of the Old Order strictly adhere to Amish religious and cultural traditions, and they reject electric appliances, modern plumbing and other innovations. The county welcomed the Amish when they first began settling in Eau Claire in the 1970s. “Bridge Creek officials say that if the Amish hadn’t...
  • Sen. Cruz: The EPA’s New Ozone Standard Hurts American Families and the Economy

    10/01/2015 4:58:04 PM PDT · by Isara · 12 replies ^ | October 1, 2015
    WASHINGTON, D.C. — U.S. Sen. Ted Cruz (R-Texas) today released the following statement upon the Environmental Protection Agency’s (EPA) announcement of a stricter standard for ozone levels, lowering the acceptable standard from 75 parts per billion to 70 parts per billion: “The EPA’s new ozone standard is the latest in a multitude of back-breaking regulations the Obama Administration is intent on implementing, despite the great harm these regulations will inflict on American consumers, workers, and companies — all for little effect on our nation’s air quality.  “In Texas, we’re blessed to lead the nation in energy production, but this also means...
  • Why the Founder of #ShoutYourAbortion Had to Go Into Hiding

    10/01/2015 4:50:28 PM PDT · by nickcarraway · 24 replies
    Los Angeles Times ^ | 9/30/15 | Maria L. La Ganga
    Amelia Bonow is in hiding. She left her apartment here after her address was published online and the death threats began. Her crime? She had an abortion. And after the U.S. House of Representatives voted on Sept. 18 to defund Planned Parenthood, she updated her Facebook status with a proud declaration. “Hi guys!” it began. “Like a year ago I had an abortion at the Planned Parenthood on Madison Ave., and I remember this experience with a nearly inexpressible level of gratitude.” She wrote about how “the narrative of those working to defund Planned Parenthood relies on the assumption that...
  • Whole Foods to stop selling products made by inmates

    10/01/2015 4:42:53 PM PDT · by BBell · 58 replies
    Whole Foods will stop selling products made using a prison labor program after a protest at one of its stores in Texas. The company said the products should be out of its stores by April 2016, if not sooner. Whole Foods said it has sold tilapia, trout and goat cheese produced through a Colorado inmate program at some stores since at least 2011. Michael Silverman, a Whole Foods spokesman, said the company had sourced the products because the program was a way to "help people get back on their feet and eventually become contributing members of society."
  • Internet shaming is about to get a whole lot worse

    10/01/2015 2:52:29 PM PDT · by TigerClaws · 35 replies
    Idea for an ad campaign to back the new “Yelp for people” app Peeple: Because life should be more like a comments section. The Peeple app is billed as a new breakthrough in transparency: Whether you like it or not, someone will be able to form a profile of you, and then it’s open season for anyone you’ve ever known to post their ratings of you. Ever been nasty to someone? It’s payback time.
  • Tired of capitalism? There could be a better way.

    10/01/2015 2:51:34 PM PDT · by dynachrome · 76 replies
    Washington Post ^ | 9-30-15 | Matt Bruenig
    "Matt Bruenig is researcher of poverty and welfare systems at the think tank Demos." By now, it is well established that capitalism is fundamentally built upon threats of force. As libertarian philosophers Robert Nozick and Matt Zwolinski have explained, the only way to turn unowned natural resources (such as land, minerals and other goods) into privately owned property is by violently preventing all others from using them. This one-sided exclusion destroys freedom of movement and cuts many people off from the things that they need to survive.
  • Angry protesters target hipster London cereal cafe

    10/01/2015 2:49:25 PM PDT · by Lorianne · 35 replies
    CBS News/ AP ^ | 01 October 2015
    An East End cafe that serves 120 varieties of breakfast cereal -- along with 30 kinds of milk -- has become a surprising flashpoint for protest in a city increasingly polarized between rich and poor. The Cereal Killer Cafe has drawn both derision and big crowds since it opened nine months ago, offering a cornucopia of flakes, pops and puffs from about 3 pounds ($4.50) a bowl. On the weekend, it attracted the ire of anti-gentrification protesters, who surrounded the business with flaming torches and scrawled "scum" on its windows as customers sheltered in the basement. "It is a bit...
  • 'Yelp for people' app will let you 'rate' real-life human beings

    10/01/2015 1:14:55 PM PDT · by upbeat5 · 67 replies
    Time Inc Entertainment ^ | September 30, 2015 | Mary Sollosi
    Imagine you’re about to go on a first date. You Yelp the restaurant, naturally, to make sure that it has something edible on the menu; then you Google the person, naturally, to make sure that they’re not obnoxious on social media. Simple enough! In a (perhaps inevitable) new development, these two perfectly innocuous Internet searches are coming together in Peeple, an app that will allow users to rate and search other human beings. It’s Yelp for people, and it’s coming in November. When the app launches, users will be able to review their friends, coworkers, and romantic partners — who...
  • Wall Street's big bet on housing isn't paying off

    10/01/2015 10:09:06 AM PDT · by Lorianne · 21 replies
    Fortune ^ | 25 September 2015 | Stephen Gandel
    A few years ago, houses were suddenly one of Wall Street’s hottest investment ideas. A number of funds popped up to snatch up residential real estate in the wake of the foreclosure crisis. Some of the funds were run by investors who had bet on a housing bust just a few years earlier. Others were run by some well known real estate investors, like Barry Sternlicht, who created the W hotels , and Tom Barrack, the California real estate developer who once owned Michael Jackson’s Neverland Ranch. Private equity giant Blackstone Group also got in on the action, ultimately spending...
  • Recreational pot users score bags of bud at Oregon shops

    10/01/2015 10:05:38 AM PDT · by 2ndDivisionVet · 17 replies
    The Associated Press ^ | October 1, 2015 | Jonathan J. Cooper and Bob Seavey
    PORTLAND, Ore. (AP) — Eager night owls looking to score some of the first recreational pot in Oregon bought up baggies of bud at shops that opened early Thursday, some taking advantage of door-buster deals. Some of the more than 250 dispensaries that already offer medical marijuana welcomed lines of enthusiasts soon after midnight — just moments after it became legal to sell to anyone who is at least 21. There were no reports of problems from early sales, although most stores planned to open at a more reasonable hour. At Portland's Shango Premium Cannabis, co-founder Shane McKee said the...
  • Congressman Wants To Heed Pope's Advice, Open Obamacare To The Undocumented

    10/01/2015 9:34:10 AM PDT · by 2ndDivisionVet · 16 replies
    The Huffington Post's Politics ^ | September 30, 2015 | Ruby Mellen, Fellow, The Huffington Post
    He's not expecting a vote, though. Many undocumented immigrants who pay taxes would be able to access Obamacare under a long-shot bill introduced Wednesday by Rep. Luis Gutiérrez (D-Ill.). The Affordable Care Act currently limits access to its exchanges and subsidies to those "lawfully present." That means the approximately 11.3 million undocumented immigrants in the U.S. are not eligible for Obamacare, nor can they shop on the exchanges if their employer does not provide them with coverage. Gutiérrez's bill would open the exchanges and extend the subsidies to undocumented immigrants who provide proof of state residency and tax filings. It...
  • Fracking Firms That Drove Oil Boom Struggle to Survive

    10/01/2015 9:33:40 AM PDT · by Lorianne · 3 replies
    Wall Street Journal ^ | 23 September 2015 | Alison Sider
    Stiff competition, lack of business lead to bankruptcies, distress ___ A wave of bankruptcies and closures is sweeping across the oil patch, with dozens of hydraulic-fracturing companies at risk, industry experts say. Most of the companies that help oil-and-gas explorers drill and frack wells are small, privately owned and just a few years old. They are part of a flood of new entrants in the energy business—one that is drying up as oil prices languish below $50 a barrel. One of the latest casualties is Pro-Stim Services. Launched in 2011 with backing from Turnbridge Capital LLC, a private-equity firm, the...
  • Weekly Jobless Claims Rise More than Forecast

    10/01/2015 9:13:41 AM PDT · by SeekAndFind · 12 replies
    Fox News ^ | 10/01/2015
    The number of new applications for U.S. jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates. Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the week ended Sept. 26, the Labor Department said on Thursday. It was the 30th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market. The four-week moving average of claims, a closely followed trend measure because it...
  • Paris calls public school map showing Israel as ‘Palestine’ a ‘production error’

    10/01/2015 8:24:49 AM PDT · by Olog-hai · 8 replies
    Jewish Telegraphic Agency ^ | September 29, 2015 8:42am
    Responding to parents who complained about the distribution at public schools of a map which labeled Israel as “Palestine,” the City of Paris said it was the result of “a simple production error.” The city’s media department gave the explanation in a statement it published Friday about the distribution earlier this year to elementary school pupils of a calendar that contains a map of Europe and parts of the Middle East. The map, which ends north of central Israel and the West Bank, designates the territory of Israel included in it as “Palestine,” alongside Iraq, Syria, Lebanon and Turkey. In...
  • One Weird Chart That Explains the Great Recession

    10/01/2015 8:05:57 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 10/01/2015 | Christopher Chantrill
    Everybody knows that “greedy bankers” were to blame for the Crash of 2008. The Democrats and their willing accomplices told us that years ago and they are sticking to their story. But there is another suspect that ought to be right in the dock along with the bankers. Its mild-mannered name is “agency debt.” It’s the debt of federal agencies and government-sponsored enterprises (GSEs) that is not included in the National Debt. In other words, when you go to the U.S. Treasury’s Debt to the Penny page, and find that on September 27, 2015 the debt was $18,151,073,031,331.50 you...
  • Candidates Talk Tax Cuts But Go AWOL On Spending Cuts

    10/01/2015 6:40:22 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 10/01/2015 | Veronique de Rugy
    Cutting taxes is great, but as I said, it must be done alongside genuine spending restraint — meaning serious changes to Medicare, Medicaid, Social Security and Affordable Care Act subsidies, which are consuming an ever-growing share of the budget. Doing one without the other would just kick the can farther down the road, an exercise that politicians are very good at. The good news for the candidates is that a plan to cut spending isn't that hard — on paper, at least. Cato Institute's Dan Mitchell calculated that we could balance the budget by 2021 by capping spending growth at...
  • Exxon Mobil to sell troubled Torrance refinery to New Jersey buyer for $537.5 million

    10/01/2015 5:25:48 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | September 30, 2015 | Jordan Blum
    Exxon Mobil Corp. said Wednesday it will sell its refinery in Torrance, California to PBF Energy, a New Jersey-based refining company, following an explosion at the facility in February. PBF said it will buy the refinery, a nearby lubricants distribution center and associated terminals and pipelines for a total of $537.5 million. Exxon Mobil said in its announcement that it expected the company, which has long admitted having an eye on moving into California, to take control of the refinery by mid-2016. PBF said it will finance the deal with a combination of cash, debt and equity. Exxon Mobil also...
  • Can the U.S. Remain An International Financial Center?

    10/01/2015 4:37:22 AM PDT · by expat_panama · 7 replies
    Real Clear Markets ^ | October 1, 2015 | Daniel Gallagher & Hal Scott
    For as long as most of us can remember, the U.S. capital markets have been the envy of the world, promoting the free movement of capital and propelling innovation and growth within a framework of stability and the rule of law. But can the U.S. remain an international financial center? To be blunt, the answer is no-at least, not without major reforms. This may surprise many who are comfortable thinking of the U.S. capital markets as the envy of the world. But increasingly, our foreign counterparts view us not with envy, but as a cautionary tale. Concerns regarding the competitiveness...