Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Man in wheelchair robs New York bank, gets away

    06/30/2015 12:43:38 PM PDT · by dware · 17 replies
    Reuters ^ | 06.30.2015 | Reuters
    Police on Tuesday were searching for a man in a wheelchair who is suspected of robbing a New York bank and rolling out of the building with $1,200 cash to make a clean getaway. The man, who wore a gray hoodie and appeared to be about 30 years old according to surveillance video, is accused of passing a note to a Santander Bank teller in the New York City borough of Queens on Monday afternoon and demanding money, a New York Police Department spokesman said.
  • CHICK-FIL-A LEADS ALL FAST-FOOD OUTLETS IN CUSTOMER SATISFACTION

    06/30/2015 11:47:52 AM PDT · by Hojczyk · 36 replies
    Breitbart Big Government ^ | June 30,2015 | by WILLIAM BIGELOW
    Chick-fil-A, the Christian fast-food company that is closed on Sundays to honor the Sabbath, ranks at the top of all fast-food companies for customer satisfaction, according to the American Customer Satisfaction Index Restaurant Report 2015. Chick-fil-A was vilified by LGBT supporters for its CEO’s remarks supporting traditional marriage, but that hasn’t stopped it from topping the list the very first year it was included. Years before the recent Supreme Court decision legalizing sane-sex marriage, Dan Cathy, the CEO, responded to the Supreme Court decision to overturn the Defense of Marriage Act by asserting that it was “a sad day for...
  • Brett Favre in SI: 'I think I could play'

    06/30/2015 11:39:47 AM PDT · by afraidfortherepublic · 8 replies
    Milwaukee Journal Sentinel ^ | 6-30-15 | JS Sports Blog
    Brett Favre, wearing his old Green Bay Packers No. 4 jersey, is featured on the cover of Sports Illustrated this week as part of the magazine's "Where are They Now" issue. Favre voices many of the same thoughts he did back in October when Journal Sentinel reporter Tyler Dunne visited him at his home in Mississippi, talking about his life today, the physical toll the game took on him, his reconciliation with the Packers after the messy departure in 2008, and more. He also thinks he could still play in the NFL – sort of. "I think I could play,"...
  • Transgender is yesterday's news: How companies are grappling with the 'no gender' society

    06/30/2015 10:39:37 AM PDT · by rbg81 · 30 replies
    Fortune Magazine ^ | 6/29/2015 | Vivian Giang
    Facebook now offers more than 50 ways for users to identify their gender. Says one exec, “Gender neutral is kind of the new thing.” With Bruce Jenner’s transition to Caitlyn, transgender issues have become front and center in the mainstream cultural conversation. But among many young people, there is a much bigger conversation going on about gender. The whole notion of “binary” — female and male — gender norms is being seen as limiting, and unnecessary. At elite liberal arts colleges like Vassar and Wesleyan, students have earnest conversations about gender being a “social construct,” and bathrooms are “gender neutral,”...
  • The next Greece may be in the U.S.

    06/30/2015 10:35:36 AM PDT · by Mariner · 35 replies
    MarketWatch ^ | June 30th, 2015 | By Ellie Ismailidou
    When Chicago Public Schools announced on June 24 that it would borrow $1 billion to make a $600 million-plus pension payment due June 30 an eerie feeling spread across bond investors and taxpayers alike. It was the same feeling that gripped investors when Moody’s Investors Service downgraded Chicago’s credit rating to junk based almost entirely on the city’s pension problems. The fear was that elevated pension costs, in cities like Chicago, might push these public entities into insolvency, wiping out much of the holdings of municipal-bond investors. Once a sleepy corner of the municipal bond market — often not even...
  • Hillary Staffers Can't Afford New York's Government-Controlled Housing Market

    06/30/2015 8:10:05 AM PDT · by all the best · 8 replies
    Foundation for Economic Education ^ | June 29, 2015 | David Boaz
    Here are some words that don’t appear in the article: rent control, regulation, zoning. But those are among the reasons that housing is expensive in New York. As a Manhattan Institute report noted in 2002: New York City and State have instituted policies that severely distort the dynamics of housing supply and demand. Only 30 percent of the city’s rental units, for instance, are subject to market prices. These distortions — coupled with Rube-Goldbergian environmental and zoning regulations — have denied New York the kind of healthy housing market enjoyed by most other major cities. And a report by Edward...
  • District Judge to Brady Campaign: Quit Suing Companies For Selling Ammo

    06/30/2015 8:05:12 AM PDT · by rktman · 11 replies
    breitbart.com ^ | 6/29/2015 | AWR Hawkins
    It is apparent that this case was filed to pursue the political purposes of the Brady Center, and, given the failure to present any cognizable legal claim, bringing these defendants into the Colorado court where the prosecution of James Holmes was proceeding appears to be more of an opportunity to propagandize the public and stigmatize the defendants than to obtain a court order which counsel should have known would be outside the authority of this court.
  • Faculty Who Won’t Leave

    06/30/2015 6:26:48 AM PDT · by Academiadotorg · 20 replies
    Accuracy in Academia ^ | June 29, 2015 | Malcolm A. Kline
    Tenured faculty may make up an increasingly smaller proportion of the professoriate than in days gone by but they are hanging onto their jobs with both fists. “Tenured faculty age 50 or older can be divided into three groups—35 % expect to retire by normal retirement age; 16 % would prefer to retire by normal retirement age, but expect to work longer (i. e., they are ‘reluctantly reluctant’ to retire); and 49 % would like to and expect to work past normal retirement age (i.e., they are ‘reluctant by choice’),” economist Paul Yakoboski found. Yakoboski is a senior economist at...
  • After mercury ruling, scrutiny of Obama climate rules grows

    06/30/2015 6:16:54 AM PDT · by Olog-hai
    Associated Press ^ | Jun 30, 2015 7:55 AM EDT | Josh Lederman
    Sweeping pollution limits at the center of President Barack Obama’s climate change plan are facing increased scrutiny in the wake of a Supreme Court ruling that showed that the justices aren’t afraid to thwart perceived overreach by Obama or his Environmental Protection Agency. The high court’s ruling undermined Obama administration regulations targeting mercury and other hazardous air pollutants—a different set of regulations from the greenhouse gas limits that Obama is counting on to slow the effects of global warming. Still, the court’s willingness to rein in the EPA emboldened opponents of Obama’s climate change agenda, who said the court had...
  • Report: Macon Wal-Mart mob wanted to see how much damage it could do

    06/30/2015 6:10:07 AM PDT · by Red Badger · 104 replies
    www.macon.com ^ | June 29, 2015 | By JOE KOVAC JR.
    Surveillance video of a wee-hours ruckus at a Macon Wal-Mart on Sunday shows a teenager race inside flashing gang signs ahead of a mob of four dozen or so people who burst in and smashed merchandise. The commotion, which caused an estimated $2,000 in damage, appears to have been planned. Some in the crowd also snatched a man, apparently a shopper at the Zebulon Road store, from a motorized shopping cart and dragged him to the floor, Bibb County sheriff’s officials said Monday. The vandals, said to number between 40 and 50, sprinted down the store’s main aisle about 1:50...
  • Current Oil Price Slump Far From Over

    06/30/2015 5:45:36 AM PDT · by expat_panama · 32 replies
    Yahoo Finance ^ | Jun 30, 2015 | Arthur Berman
    The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition is the same as before but the physical state and governing laws are different.*  [snip] A New Supply Source and Over-Production  The main cause of the price collapse of 2014-2015 was over-production of oil. Most of the increase came from unconventional  production in the United States and Canada–tight oil, oil sands and deep-water oil....
  • Five lingering threats to ObamaCare

    06/30/2015 5:42:54 AM PDT · by Cincinatus' Wife · 24 replies
    The Hill ^ | June 30, 2015 | Peter Sullivan with Sarah Ferris
    The White House’s victory at the Supreme Court last week removed a major threat to ObamaCare that could have rolled back coverage for 6.4 million people. President Obama declared after the ruling that the law has “been woven into the fabric of America,” while allies said the new insurance program and its related policy changes are here to stay. But the law is hardly out of the woods. The battle of public opinion over the Affordable Care Act rages on, with Republicans expressing confidence they will ultimately prevail. Here are five remaining threats to Obama’s signature domestic program. 1.) RepealRepublicans...
  • EU regulators tell 11 countries to adopt bank bail-in rules

    06/30/2015 5:36:40 AM PDT · by EBH · 18 replies
    Reuters Canada ^ | 5/28/15 | Foo Yun Chee
    BRUSSELS (Reuters) - The European Commission on Thursday gave France, Italy and nine other EU countries two months to adopt new EU rules on propping up failed banks or face legal action. The rules, known as the bank recovery and resolution directive (BRRD), seek to shield taxpayers from having to bail out troubled lenders, forcing creditors and shareholders to contribute to the rescue in a process known as "bail-in".
  • Puerto Rico governor says US territory 'can't pay $72bn debt'

    06/30/2015 5:03:18 AM PDT · by McGruff · 9 replies
    BBC ^ | 30 June 2015
    Puerto Rico's governor has said the US territory cannot pay its $72bn (£45bn) debt and is close to defaulting ahead of emergency talks with legislators. In a TV address on Monday, Alejandro Garcia Padilla said he would seek a moratorium on repayments and form a team to restructure public debts. White House spokesman Josh Earnest says the US government has ruled out a federal bailout for the US island.
  • Why You Don't Want To Be In California's One Percent

    06/30/2015 4:27:47 AM PDT · by SeekAndFind · 7 replies
    Forbes ^ | 06/30/2015 | Rex Sinquefield
    Tax reform isn’t exactly something we associate with California. With the highest income-tax rate in the nation (and the third-worst overall state business tax climate, per the Tax Foundation’s most recent rankings), the Golden State offers plenty of practical lessons in how not to run an economy. However, California State Controller Betty Yee recently suggested tax reform that shows a clear understanding of the peril facing California’s economy – and offers ideas that could restore energy and momentum to a sluggish state business climate. Yee, a Democrat, wants to broaden the state tax base. California bureaucrats have grown far too...
  • EPA Gets Another Much-Needed Smackdown From The Courts

    06/30/2015 2:54:43 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 06/29/2015 | Staff
    nvironment: The rogue agency known as EPA has been slapped back by the Supreme Court for failing to consider the cost of a massive new regulation. What else is new?
  • 'Cash Strapped' VA Forgot It Had $43.1 Million Stashed Away

    06/30/2015 2:51:46 AM PDT · by IBD editorial writer · 5 replies
    Investor's Business Daily ^ | 06/29/2015 | John Merline
    When not pleading poverty, the Department of Veterans Affairs can be awfully careless with its money.
  • Walker And Unions Battle Over Teachers Tenure

    06/30/2015 2:24:57 AM PDT · by Cincinatus' Wife · 12 replies
    TDC - The Daily Caller ^ | June 30, 2015 | Connor D. Wolf
    Wisconsin unions Monday are once again attacking Republican Gov. Scott Walker, this time over a proposed budget that may result in cuts to tenure for state college professors. With the upcoming budget session, the Wisconsin Joint Finance Committee is expected to propose a plan to reform the University of Wisconsin System. While it is not yet finalized, unions warn the plan will cut $250 million in funding and will remove academic protections for professors such as teacher tenure. This latest union battles comes at the heels of a likely announcement Walker will run for president. With his previous labor reforms,...
  • Reports: Obama administration to double overtime eligibility threshold

    06/30/2015 2:14:58 AM PDT · by markomalley · 8 replies
    Washington Examiner ^ | 6/29/15 | Joseph Lawler
    President Obama will expand eligibility for overtime pay to workers who earn up to $50,440 annually by 2016, according to multiple media reports based on comments from White House officials.The new Department of Labor overtime rule, long anticipated by labor groups and business associations, will more than double the income cutoff for overtime from the current $23,660, making millions of workers eligible for added pay.The rule, the news of which was first reported by Bloomberg news Monday night, would mandate overtime pay for salaried workers if they work more than 40 hours a week. It would exempt anyone making more...
  • Two Uber bosses 'held by police' in France

    06/29/2015 9:26:52 PM PDT · by SunkenCiv · 24 replies
    The Local ^ | June 29, 2015 | Oliver Gee
    The two leaders of Uber in France were taken into custody Monday as part of a probe into their ride-booking app which has sparked violent protests from regular taxi drivers, AFP claimed, citing various sources. The pair are believed to be Thibault Simphal,the director general of Uber France and Pierre-Dimitri Gore-Coty, the directorgeneral of Uber Europe... An investigation was opened in 2014 into the application used to put paying clients in contact with cheaper, private drivers who do not face the same regulations as cabbies. The probe is focused on whether UberApp equates to "illegal organisation" of a system that...
  • The NYT Doesn’t Publish Religiously Offensive Images, Except When They Offend Christians

    06/29/2015 6:14:20 PM PDT · by markomalley · 9 replies
    Daily Caller ^ | 6/29/15 | Jim Treacher
    The staff of a newspaper can run any images they want, or refuse to run any images they want. They’re paid to make those decisions. And when the rationalizations they give for their editorial judgments are a bunch of crap, we can point out that they’re a bunch of crap.Back in January, here’s what New York Times executive editor Dean Baquet told his public editor, Margaret Sullivan, about his decision not to publish the Charlie Hebdo cartoons after their staff was slaughtered by Muslim terrorists: He said he had spent “about half of my day” on the question, seeking out...
  • Obama signs trade legislation; Boehner, McConnell miss White House event

    06/29/2015 5:36:33 PM PDT · by george76 · 21 replies
    Washington Times ^ | June 29, 2015 | Dave Boyer
    resident Obama signed hard-fought trade legislation Monday, thanking Republican leaders who helped get it done and saying the package will “reinforce America’s leadership role in the world.” “I think it’s fair to say that getting these bills through Congress has not been easy,” Mr. Obama said as he signed the trade bills into law in the East Room. “They’ve been declared dead more than once.” The two major pieces of legislation grant Mr. Obama “fast track” trade-promotion authority
  • Hyundai sees green future in hydrogen-powered cars

    06/29/2015 5:24:09 PM PDT · by ckilmer · 10 replies
    wtop.com ^ | June 29, 2015 6:23 am
    <p>YONGIN, South Korea (AP) — Hyundai Motor Co. said Monday it believes hydrogen fuel cell vehicles are the future for eco-friendly cars despite challenges of limited infrastructure and slow sales.</p> <p>South Korea’s largest automaker has sold or leased 273 Tucson fuel cell SUVs since beginning production in 2013, lower than its 1,000 target, mostly in Europe and California.</p>
  • Bill Clinton Gets in Some Retail Therapy at Hermès in Paris

    06/29/2015 4:35:03 PM PDT · by Oldeconomybuyer · 32 replies
    People Magazine ^ | June 29, 2015 | BY PETER MIKELBANK AND MARIA CODER
    When in Paris, even former President Bill Clinton can apparently spare a little time for shopping – at Hermès. A five-car convoy carrying the former president and a security detachment arrived out front of the luxury brand's landmark boutique on Monday at noon. Clinton, 68, spent more than an hour on the shop's third floor section, where windows were closed after his arrival. The observer speculated: "He's up there, probably buying the store." He reportedly left with several shopping bags. We can't help but wonder what he purchased and whether Clinton was shopping for himself or his wife and U.S....
  • Puerto Rico’s governor on need to postpone debt payments for years: ‘It’s about math’

    06/29/2015 4:16:46 PM PDT · by mojito · 18 replies
    WaPo ^ | 6/29/2015 | Michael A. Fletcher
    The governor of Puerto Rico said in a televised address Monday that the island cannot pay back more than $70 billion in debt, setting up an unprecedented financial crisis that could rock the municipal bond market and lead to higher borrowing costs for governments across the United States. “This is not about politics,” said Puerto Rico’s governor, Alejandro Garcia Padilla. “It’s about math.” “The first step is to revive economic growth...We will never get out of this vicious cycle,” said Garcia Padilla. “But we need to do more—much more—to return to riches and to become more competitive and have an...
  • Leftist politics have doomed Greece to collapse

    06/29/2015 4:11:46 PM PDT · by Textide · 9 replies
    The Telegraph ^ | 29-June-2015 | Allister Heath
    It is always those in the middle -- and especially what Marxist intellectuals call the petit bourgeois, the aspiring, hard-working workers and savers -- who are hurt the hardest It was Adam Smith who put it best. “There is a great deal of ruin in a nation”, he wrote in reply to an over-excited young man who thought that Great Britain was facing devastation after a setback during the US war of independence. Smith was right about the specifics as well as the general point, of course: America was thankfully soon to win its independence, and both Britain and the...
  • Delaware, Key To Corporations, Is Now The Only U.S. State Without Air Service

    06/29/2015 4:06:00 PM PDT · by markomalley · 13 replies
    Forbes ^ | 6/29/15 | micheline maynard
    Cities and states across the U.S. regularly lobby airlines to add flights and routes, arguing that air service is vital to economic development. But one of the most important places in the country to corporations — Delaware — now has no commercial air service. The Wilmington News Journal reports that Frontier Airlines quietly dropped flights last week to Wilmington’s New Castle Airport. That leaves the state as the only one in the country where airlines do not fly. Frontier spokesman Jim Faulkner told the paper that the airline discontinued service because it wasn’t profitable. “If market conditions change, we may...
  • First lady: More foreign travel to promote girls' education

    06/29/2015 3:08:51 PM PDT · by Oldeconomybuyer · 24 replies
    WASHINGTON — Michelle Obama says she'll do more foreign travel to promote education for girls in developing countries. The first lady announced a new program earlier this year to help adolescent girls improve their lives by attending and staying in school. Mrs. Obama says the U.S. will continue to urge developed countries to join the effort. And when they join, she says "I'm going to hop on a plane and join them" to highlight the work.
  • American Civil Liberties Union No Longer Supports Religious Freedom Law

    06/29/2015 2:18:52 PM PDT · by NYer · 27 replies
    Aletelia ^ | June 30, 2015 | JOHN BURGER
    The American Civil Liberties Union is withdrawing its support of a 1993 federal law designed to protect persons acting on their religious beliefs. In an op-ed in the Washington Post June 25, Louise Melling, the ACLU's deputy legal director, wrote that while the organization once supported the Religious Freedom Restoration Act, it is concerned now that the law can be used to trample the rights of others, particularly homosexuals:   For more than 15 years, we have been concerned about how the RFRA could be used to discriminate against others. As the events of the past couple of years amply illustrate,...
  • What Will LBGT-Friendly Laws Mean for Medicine?

    06/29/2015 2:12:09 PM PDT · by NYer · 11 replies
    Aletelia ^ | June 22, 2015 | MICHAEL COOK
    With same-sex marriage and the transformation of Bruce Jenner into Caitlyn Jenner in the world headlines, it’s time to ask what LGBT bioethics would look like. Timothy Murphy, of the University of Illinois College of Medicine, foreshadows some of the major themes in the journal Bioethics. Bioethics benefits. “Bioethics is better than it would otherwise have been, because people queer in their sexual interests and identities have challenged misconceived concepts of health and disease, challenged obstacles to access and equity in healthcare, and forced attention to professional standards in clinical care, among other things.” Defending LGBT parenting. To show that the battle...
  • NBC Cutting Ties to Donald Trump Over ‘Derogatory’ Remarks About Immigration

    06/29/2015 11:57:52 AM PDT · by John W · 107 replies
    Yahoo News ^ | June 29, 2015 | Cynthia Littleton
    NBC is ending its long relationship with Donald Trump in the wake of the presidential hopeful’s recent comments about Mexican immigrants. NBC said it will no longer carry the Trump-produced Miss USA and Miss Universe pageants. Nor will he return to host “Celebrity Apprentice.” In a statement, NBC said: At NBC, respect and dignity for all people are cornerstones of our values. Due to the recent derogatory statements by Donald Trump regarding immigrants, NBCUniversal is ending its business relationship with Mr. Trump.
  • Police: Domino's delivery driver shot armed robbery suspect

    06/29/2015 10:42:56 AM PDT · by dware · 27 replies
    KOB ^ | 06.29.2015 | Blair Miller and Elizabeth Reed
    Albuquerque police say a Domino's delivery driver shot an armed man who attempted to rob him in the restaurant's parking lot in the North Valley late Sunday. Police responded to the scene near Menaul and 12th around 9:30 p.m. Sunday. Officers received reports of a robbery in progress and shots being fired in the area.
  • Greece to Default on $1.73 Billion IMF Payment

    06/29/2015 10:37:02 AM PDT · by catnipman · 69 replies
    wall street journal ^ | 6/29/2015 | Gabriele Steinhauser and Nektaria Stamouli
    ... Greek Prime Minister Alexis Tsipras spoke by phone with Mr. Juncker and European Parliament President Martin Schulz and asked for help getting an extension to the bailout, a Greek government official said. “The Greek prime minister [Tsipras]expressed the position that the democratic expression of the Greek people is hindered by the closure of banks, which doesn’t apply with the democratic tradition of Europe,” the official said. ... Mr. Tsipras and his government are calling on Greeks to vote “no” to send a signal to Europe and the IMF
  • Baltimore Is Hosting America's Largest Police Expo This Week (shortened)

    06/29/2015 10:24:01 AM PDT · by Oldeconomybuyer · 8 replies
    International Business Times ^ | June 29, 2015 | By Eric Markowitz
    BALTIMORE, Md. -- If you've ever wondered where police get their military-style tanks or grenade launchers -- or even those fancy new hi-tech body cameras -- there's a good chance your local sheriff was pitched by a company here at the annual National Sheriffs' Association (NSA) conference, the country's largest trade show for cops, which kicked off Sunday evening in Baltimore, Maryland. Conference attendees include sheriffs and their staff, as well as jail adminstrators, members of the FBI, U.S. Marshals office, the DEA, police chiefs and U.S border control and customs agents.
  • Supreme Court overturns landmark EPA air pollution rule

    06/29/2015 10:22:22 AM PDT · by Cincinatus' Wife · 39 replies
    The Hill ^ | June 29, 2015 | Timothy Cama and Lydia Wheeler
    The Supreme Court overturned the Obama administration’s landmark air quality rule on Monday, ruling the Environmental Protection Agency did not properly consider the costs of the regulation. In a 5-4 ruling, the justices ruled that the EPA should have taken into account the costs to utilities and others in the power sector before even deciding whether to set limits for the toxic air pollutants it regulated in 2011. The case, Michigan v. EPA, centers on the EPA’s first limits on mercury, arsenic and acid gases emitted by coal-fired power plants, known as mercury and air toxics (MATS). Opponents, including the...
  • Puerto Rico now belongs to Wall Street [Governor Admits Debts Cannot be Paid]

    06/29/2015 9:27:01 AM PDT · by SeekAndFind · 33 replies
    Business Insider ^ | 06/29/2015 | LINETTE LOPEZ AND SHANE FERRO
    The governor of Puerto Rico has admitted that it can't keep paying down the over $72 billion worth of public debt obligations. As a result, it finds itself in a uniquely awful position. It can't go into bankruptcy according to its own laws, so now it has to deal exclusively with its creditors to restructure its debt. That means it has to deal with Wall Street. "I think the surprise was that it happened this quickly," said Brian Kelly, CEO of Connecticut-based fund Brian Kelly Capital. "We thought it would take 6 months to a year... the solution is a...
  • John Kerry: U.S., China Agree to Bilateral Civil Space Cooperation Dialogue

    06/29/2015 9:24:42 AM PDT · by Cincinatus' Wife · 13 replies
    Space News ^ | June 26, 2015 | Marcia S. Smith
    During recent meetings with Chinese officials, Secretary of State John Kerry agreed to establish a "U.S.-China Civil Space Cooperation Dialogue." A State Department spokesman says the first meeting will be held before the end of October, but could not provide any other details. The lengthy list of "outcomes" from the seventh round of the U.S.-China Strategic and Economic Dialogue (S&ED) held in Washington, DC June 22-24, 2015, includes a section on cooperation in science, technology and agriculture. Under that heading, the two countries agreed as follows: "101. Space: The United States and China decided to establish regular bilateral government-to-government consultations...
  • 'Cash strapped' VA forgot it had $43.1 Million stashed away

    06/29/2015 8:47:50 AM PDT · by IBD editorial writer · 22 replies
    Investor's Business Daily ^ | 06/29/2015 | John Merline
    When not pleading poverty, the Department of Veterans Affairs can be awfully careless with its money.The latest example: In 2011, the VA set $43.1 million aside to produce brochures informing veterans about their benefits, then forgot about it. The money went unspent for three years and now might be lost for good.
  • The Supreme Court handed Obama a significant loss on one of his biggest environmental initiatives

    06/29/2015 8:36:41 AM PDT · by SeekAndFind · 33 replies
    Business Insider ^ | 06/29/2015 | BRETT LOGIURATO
    A divided Supreme Court on Monday dealt a significant blow to the Obama administration's environmental agenda, invalidating a rule that would limit the release of mercury and other pollutants from power plants. In a 5-4 ruling, the Court found that the Environmental Protection Agency did not appropriately consider the costs to utility companies when handing down the rule under the Clean Air Act. "We hold that EPA interpreted unreasonably when it deemed cost irrelevant to the decision to regulate power plants," Justice Antonin Scalia wrote in the court's majority opinion. Scalia was joined by the four conservative justices in his...
  • If you like the Greek debt crisis, you'll love the Puerto Rico meltdown

    06/29/2015 6:43:57 AM PDT · by SeekAndFind · 32 replies
    American Thinker ^ | 06/29/2015 | Rick Moran
    The governor of Puerto Rico told the New York Times that the island cannot pay back it's $72 billion debt and will seek permission from its creditors to defer payments. The news precedes an address by Governor Alejandro Garcia to the Puerto Rican legislature, where he will unveil a budget that cuts about $670 million from a $9.8 billion budget, while setting aside another $1.5 billion to pay the debt. Fox News: Gov. Alejandro Garcia Padilla's spokesman, Jesus Manuel Ortiz, confirmed that the island's government is seeking to defer payments while negotiating with creditors. He confirmed comments by Garcia that appeared...
  • Rich countries' $100bn promise to fight climate change 'not delivered'

    06/29/2015 6:42:35 AM PDT · by Oldeconomybuyer · 19 replies
    Guardian UK ^ | June 29, 2015 | by Suzanne Goldenberg
    Rich countries are very, very far from raising the billions they promised to help poor countries fight climate change, jeopardising the prospects of reaching a global warming deal at Paris, the world’s rising economies warned. As a key United Nations meeting got underway, Brazil, China, India and South Africa said they were disappointed in rich countries’ failure to make good on a promise six years ago to mobilise $100bn a year by 2020 for climate finance. The funds, intended to help developing countries cut their greenhouse gas emissions and prepare for sea-level rises, extreme weather and other consequences of climate...
  • Good roads shouldn’t cost more money: Current gas tax is sufficient — if the cash is not misspent

    06/29/2015 6:13:28 AM PDT · by SeekAndFind · 10 replies
    Washington Times ^ | 06/29/2015 | Stephen Moore
    It’s summertime, and that means millions of Americans cramming in their minivans and crisscrossing around the country on family vacation. But how safe are the roads, and will they be backed up for miles of gridlock? This year the highway trust fund that finances our national highway system is running out of money. The federal gas tax will raise about $34 billion this year, but that isn’t enough revenue to cover all the spending Congress wants to do. So naturally, the lobbyists in Washington — including mayors, road builders, transit operators and civil engineers — are demanding a higher gas...
  • Puerto Rico governor warns public debt not payable

    06/29/2015 4:51:26 AM PDT · by cll · 23 replies
    Fox News ^ | 06/29/2015
    Puerto Rico's governor believes the U.S. territory will not be able to pay back its $72 billion public debt, a spokesman told the Associated Press late Sunday. Gov. Alejandro Garcia Padilla's spokesman, Jesus Manuel Ortiz, confirmed that the island's government is seeking to defer payments while negotiating with creditors. He confirmed comments by Garcia that appeared in a report in The New York Times published late Sunday, less than a day before Garcia is scheduled to deliver a public address amid debate on a $9.8 billion budget that calls for $674 million in cuts and sets aside $1.5 billion to...
  • Global markets slide on Greek crisis fears

    06/29/2015 4:26:42 AM PDT · by expat_panama · 21 replies
    CNBC ^ | Jun 29, 2015 | Kalyeena Makortoff
    The deepening Greek crisis hit global markets on Monday, as the country imposed capital controls ahead of a national referendum on creditors' bailout conditions. Uncertainty surrounding the country's economic future dragging equity markets lower. European markets were trading sharply lower, with the pan-European Stoxx 600 (^STOXX) falling around 2.4 percent in morning trade. Both Germany's DAX (^GDAXI) and France's CAC (Euronext Paris: .FCHI) fell nearly 3.5 percent. U.S. futures also indicated a lower open, with the Nasdaq (^NDX), S&P (^GSPC) and Dow Jones Industrial Average (Dow Jones Global Indexes: .DJI) all seen opening down over 1 percent. Greece's main stock...
  • 10,535 pages of Obama Care condensed to 4 sentences

    06/29/2015 3:44:15 AM PDT · by HomerBohn · 26 replies
    email | 6/29/2015 | Neil Cook
    This, unfortunately, is absolutely true: 1. In order to insure the uninsured, we first have to uninsure the insured. 2. Next, we require the newly uninsured to be re-insured. 3. To re-insure the newly uninsured, they are required to pay extra charges to be re-insured. 4. The extra charges are required so that the original insured,who became uninsured, and then became re-insured,can pay enough extra so that the original uninsured can be insured,so it will be ‘free-of-charge’ to them. This is called "redistribution of wealth or, by its more common name, SOCIALISM - the politically correct name for COMMUNISM.
  • Obama Ignores Another Red Line After Massive Chinese Cyberattacks

    06/29/2015 2:20:14 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 06/26/2015 | Staff
    Cyberwar: The damage done by Chinese hackers grows worse by the day, with news that they stole a treasure trove of blackmail-worthy material on those with high security clearances. What's Obama's reaction?
  • Chinese Stocks Are Collapsing, Despite PBOC Hail Mary

    06/28/2015 8:40:36 PM PDT · by tcrlaf · 19 replies
    Zerohedge ^ | 6-28-2015 | Durden
    The bounce is dead. CHINEXT - China's tech-heavy high beta 'Nasdaq' - is down 5-6% today, 19% in 3 days, and 33% from highs in early June! All that pent-up demand to be ignited among the farmers and housewives of China thanks to a double rate cut (RRR and benchmark) enabled a mere 2.5% bounce in Chinese stocks at the open which has now completely been erased as Shanghai enters a bear market. Decidely not what the doctor ordered. And as The South China Morning exclaims, many Chinese investors who have a planned economy mindset, believing government should help them,...
  • President: ObamaCare is here to stay

    06/28/2015 8:10:58 PM PDT · by Enlightened1 · 33 replies
    The Hill ^ | 06/28/15 | Ben Kamisar
    ObamaCare is here to stay, the president said in his weekly address, just two days after the Supreme Court upheld provisions of his signature healthcare law. “On Thursday, when the Court upheld a critical part of the Affordable Care Act, it was a victory for hardworking Americans all across this country whose lives are more secure because of this law,” President Obama said. “The Affordable Care Act still stands, it is working, and it is here to stay.” His speech came after Thursday’s landmark 6-3 Supreme Court that upheld the expansion of health care subsidies into states that didn’t set...
  • Greek Banks And Stock Exchange 'To Stay Shut'

    06/28/2015 7:23:13 PM PDT · by Enlightened1 · 33 replies
    Sky News ^ | 06/28/15
    Banks and the stock exchange will remain closed today after Greek citizens queued all weekend to withdraw savings. Banks in Greece and the country's stock exchange will be shut all week in a sign of the deepening financial crisis. The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout terms. Under the controls, there will be a daily €60 limit on withdrawals from cash machines, which will reopen on Tuesday. Speaking in a televised address, Prime Minister Alexis Tsipras urged calm and insisted bank deposits were safe. He blamed European partners...
  • The sooner Greece defaults and dumps the Euro the better

    06/28/2015 6:46:15 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Washington Times ^ | June 26, 2015 | Peter Morici
    <p>Greece and its principal creditors—the European Union, European Central Bank and International Monetary Fund—should acknowledge that Athens will never be able to repay the €131 billion it owes, write down its debt and let the Aegean nation exit the euro gracefully.</p>