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Business/Economy (News/Activism)

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  • Trump: I Will Label China A Currency Manipulator And Enforce WTO Rules They Break

    08/24/2016 1:52:17 PM PDT · by Innovative
    Real Clear Politics ^ | Aug. 24, 2016 | Tim Hains
    In a speech in Tampa Wednesday afternoon, Donald Trump outlined a seven-point plan to bring millions of jobs to the U.S. He proposed renegotiating trade agreements like the Trans-Pacific Partnership and NAFTA and also challenging China for "illegal activities." "I am going to instruct my Treasury Secretary to label China a currency manipulator," he said. "Any country that devalues their currency in order to take unfair advantage of the United States will face tariffs to stop the cheating." "I am going to instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the...
  • RIO 2016: Empty seats, green pools, chaotic transport and disgusting accommodation [tr]

    08/24/2016 1:47:40 PM PDT · by pabianice · 10 replies
    Daily Mail ^ | 8/24/16 | Hardman
    Major problems swept under the carpet as Rio successes are praised Poverty and crime continues in the Brazilian capital after athletes leave 'Pot is empty' just two weeks before Paralympics due to begin Standing in a rainy, unfilled stadium on Sunday night, bringing the curtain down on Rio 2016, the president of the International Olympic Committee (IOC), Thomas Bach, invited us all to admire the emperor’s new clothes. ‘These were marvellous Olympic Games in THE marvellous city!’ the German fencer-turned-lawyer proclaimed. As he and the rest of the IOC head for home this week, it’s easy to picture them sinking...
  • President designates National Monument in northern Maine woods

    08/24/2016 12:46:27 PM PDT · by Enchante · 22 replies
    WMTW ^ | August 24, 2016 | Staff
    The national monument designation has faced opposition in the region. Gov. Paul LePage released a statement Tuesday afternoon condemning the land donation. "That's one way to get out of paying taxes to the state of Maine," he said. "It's sad that rich, out-of-state liberals can team up with Obama to force a national monument on rural Mainers who do not want it." The governor did not stop to talk to reporters Wednesday afternoon after an event in Portland, but his office released a statement. “President Obama is once again taking unilateral action against the will of the people, this time...
  • Airlander 10: Longest aircraft damaged during flight

    08/24/2016 10:40:38 AM PDT · by EveningStar · 24 replies
    BBC News ^ | August 24, 2016
    The world's longest aircraft - the Airlander 10 - has been damaged after nosediving on landing during its second test flight. The 302ft (92m) long aircraft - which is part plane and part airship - was damaged during the flight from Cardington Airfield in Bedfordshire.
  • FACEBOOK SNOOPING ADMISSION Here are the alarming 98 facts and secrets Facebook knows about YOU

    08/24/2016 10:28:43 AM PDT · by 867V309 · 23 replies
    thesun.co.uk ^ | 24th August 2016 | JASPER HAMILL
    WHO knows the most about you?You might say it’s your partner or perhaps your mum, assuming you’ve had the sort of tame life a parent would find acceptable.But you’d be wrong, because tech companies now have more information about you than almost anyone else.
  • U.S. Traffic Fatalities Continued to Surge in First Half of 2016

    08/24/2016 8:06:12 AM PDT · by KeyLargo · 61 replies
    The Wall Street Journal ^ | August 23, 2016 | Beckie Strum
    U.S. Traffic Fatalities Continued to Surge in First Half of 2016 Deaths rose 9%, extending a trend that began two years ago as the economy improved and travel increased Traffic fatalities were up 9% in the first six months of this year compared with the same period last year. By Beckie Strum Traffic fatalities rose 9% in the first six months of 2016, compared with a year earlier, as a stronger economy and falling gas prices encouraged Americans to spend more time behind the wheel, the National Safety Council said on Tuesday. Traffic fatalities have been trending upward since 2014,...
  • Meet the CEO of Gab, The Free Speech Alternative to Twitter

    08/24/2016 7:56:10 AM PDT · by servo1969 · 19 replies
    Breitbart.com ^ | 8/23/2016 | CHARLIE NASH
    I recently got the chance to sit down and talk to Andrew Torba, CEO of Gab.ai, a new freedom of speech-focused social network. Though the Twitter-style network was only launched last Monday and is still very much in early beta, thousands of people are currently waiting in line for an invitation to the service, which aims to act as a shelter for freedom of speech and expression. ------- AT: It's been an incredible week, in just four days 10,000 people registered for our beta through nothing but word of mouth. Our mission is to put people and free speech first....
  • Cheap Gun Opportunity/Profitable Gun Turn in; Minneapolis 27 August, 2016

    08/24/2016 7:53:21 AM PDT · by marktwain · 20 replies
    Ammoland ^ | 24 August, 2016 | Dean Weingarten
    -(Ammoland.com)- There will be a gun turn in event on Saturday, 27 August, 2016 in Minneapolis, Minnesota.  While these events are commonly labelled with the propaganda term “buyback” the guns were never owned by the people attempting to buy them.The event will be held at two locations: Fire Station 17 at 330 E 38th St. in south Minneapolis; Fire Station 14 at 2002 Lowry Ave N in north Minneapolis.  Compensation will be in the form of Visa gift cards. The event will run from 10 a.m. to 6 p.m. The compensation offered at this event is very generous when compared...
  • The Clinton Foundation: Hopelessly Corrupt Or Just A Lousy Charity?

    08/24/2016 3:56:11 AM PDT · by IBD editorial writer · 42 replies
    Investor's Business Daily ^ | 8/23/2016 | Staff
    Public Corruption: As the unseemly ties between the Clinton Foundation and Hillary Clinton's State Department become more glaring and disturbing, the rhetoric from the Democratic side is getting more desperate. Now Clinton hatchet man James Carville says critics of the foundation are going to hell. Over the past two weeks, it has become painfully obvious to anyone but the most hard-core Clinton loyalist that the Clinton Foundation was little more than an influence-peddling operation designed to exchange cash for favors from Bill and Hillary Clinton. We noted in this space yesterday that a fresh batch of emails showed how the...
  • 45 Years Without Gold

    08/24/2016 3:29:29 AM PDT · by expat_panama · 23 replies
    Mises Whire ^ | 08/22/2016 | Daniel Fernández Méndez
    When World War I began, many analysts believed that the international gold standard would keep the war short. A war of attrition was not thought to be possible because the disciplining effects of the gold standard — capital flight and gold outflow — were supposed to restrain the ability of states to mobilize resources in times of war. As many believed at the time, states under the gold standard would quickly run out of money to pay for soldiers and resources. No one ever imagined that the war would last four long years and that most countries would stop using...
  • Frankfurt attempts to charm banks away from London

    08/24/2016 12:43:44 AM PDT · by Olog-hai · 4 replies
    TheLocal.de ^ | 24 Aug 2016 08:54 GMT+02:00 | AFP
    The marketing team of Frankfurt never expected its English-language dummy website to attract new businesses would actually go live after Britain’s European Union referendum. “We hadn’t really assumed that we would need the site at all,” spokeswoman Michaela Kahle told AFP, as the team thought Britons would surely vote “Remain”. But as it turned out, the Welcome to FrankfurtRheinMain site was not only put to good use, but has become a hit, with 27,000 views since Britain stunned the world by deciding to leave the bloc. Quickly recovering from the shock, Kahle and her colleagues kicked into action, fielding inquiries...
  • Howard Johnson's restaurant to close, leaving only 1 more (Maine)

    08/23/2016 7:32:32 PM PDT · by RightGeek · 195 replies
    WRAL/AP ^ | 8/23/2016 | David Sharp
    BANGOR, Maine — The closing of one of the last two Howard Johnson restaurants in a couple of weeks will mark the end of its fried clam strips, ice cream and other menu staples that nourished baby boomers and leave the once-proud restaurant chain teetering on the brink of extinction. The slice of roadside Americana will no longer be served up in Bangor after Sept. 6. For waitress Kathe Jewett, it's the only job she's held since starting work when the restaurant opened in 1966. "It's bittersweet, but it's nothing to be sad about," the 68-year-old Jewett insisted Tuesday during...
  • The Postal Service is losing millions a year to help you buy cheap stuff from China

    08/23/2016 6:17:40 PM PDT · by Paul R. · 47 replies
    Washington Post ^ | September 12, 2014 | Jeff Guo
    ...All of this is little comfort to McGrath, who chafes at the thought of the Postal Service helping Chinese merchants poach his customers. “All of us sellers are selling a lot of Chinese goods in America but at least we’re creating jobs, making money, and adding to the economy,” he said. “But when people buy direct from China that’s adding nothing to the American economy.”
  • Read Andrea Tantaros’ complaint against Roger Ailes and Fox News

    08/23/2016 2:55:01 PM PDT · by iowamark · 108 replies
    LA Times ^ | Aug. 23, 2016
    An­drea Tantaros filed a law­suit with the Su­preme Court of the State of New York against Ro­ger Ailes, Fox News, Wil­li­am Shine, Di­anne Brandi, Irena Brig­anti and Su­z­anne Scott. In the com­plaint, she called Fox News a “sex-fueled Play­boy Man­sion-like cult.”
  • Young Turks’ Uygur Thinks Hannity Advising Trump is Proof They’re Building Media Company

    08/23/2016 2:04:42 PM PDT · by drewh · 43 replies
    Mediaite.com ^ | 1:30 pm, August 23rd, 2016 | by Lindsey Ellefson
    The theory that Donald Trump is preparing for a defeat at the polls in November by planning to launch a media company is really picking up momentum. The rumors started swirling earlier this summer. After a few op-eds came out about the idea last week, CNN tackled it this weekend. Now that Fox News’ Sean Hannity has revealed himself to be informally advising Trump, The Young Turks took it on, too: Cenk Uygur mentioned in a broadcast that Hannity, Steve Bannon, and Roger Ailes, all of whom have been rumored — with varying levels of confirmation — are big in...
  • Aussie drug melting cancer cells approved for human use in U.S.

    08/23/2016 1:10:55 PM PDT · by Red Badger · 16 replies
    news.xinhuanet.com ^ | 2016-08-23 09:18:36 | Source: Xinhua
    MELBOURNE, Aug. 23 (Xinhua) -- A tablet developed in Melbourne that "melts away" cancer cells has been approved for use in the United States. The U.S. Food and Drug Administration (FDA) announced on Tuesday that venetoclax was approved for prescription outside of human trials for patients with chronic lymphotic leukemia (CLL). Venetoclax, which overwhelms the BCL-2 protein that is vital to cancer cell survival, was developed in Melbourne in the 1980s after researchers at the Walter and Eliza Hall Institute of Medical Research (WEHI) discovered the importance of BCL-2. WEHI's head of clinical translation, Professor Andrew Roberts, said that 80...
  • Graduate Students Clear Hurdle in Effort to Form Union

    08/23/2016 12:46:26 PM PDT · by oblomov · 36 replies
    NY Times ^ | 23 Aug 2016 | NOAM SCHEIBER
    Students who work as teaching and research assistants at private universities will be allowed to vote to unionize under a ruling Tuesday by the National Labor Relations Board that found that they are employees under federal labor law. The case arose from a union election petition filed by a group of primarily graduate students at Columbia University, who are seeking to form a union that will join the United Automobile Workers. The three Democratic members of the board made up the majority; the lone Republican member dissented. A fifth spot on the board has been vacant since last year. The...
  • Do colleges + universities=economic growth?

    08/23/2016 9:01:57 AM PDT · by Academiadotorg · 19 replies
    Accuracy in Academia ^ | August 23, 2016 | Malcolm A. Kline
    Academics have been arguing for decades that colleges and universities are engines of economic growth. Now they seem to have scientific proof, or do they? "We estimate fixed effects models at the sub-national level between 1950 and 2010 and find that increases in the number of universities are positively associated with future growth of GDP per capita (and this relationship is robust to controlling for a host of observables, as well as unobserved regional trends)," Anna Valero and John Van Reenen, of the London School of Economics, write in a working paper that they published this month at the National...
  • What Facebook REALLY knows about you: Firm reveals the 98 pieces of data it uses to target ads...

    08/23/2016 7:40:27 AM PDT · by snarkpup · 47 replies
    UK Daily Mail ^ | Updated: 16:50 EST, 22 August 2016 | Stacy Liberatore
    Facebook users are constantly being bombarded with ads, but sometimes one shows up on the screen that is so well-suited, it's as if the site has tapped into your thoughts. ... 'The majority of promoted topics that I see in my Facebook feed are relevant to my interests, and they're worth clicking on more often.' However, others are not sold that Facebook's methods are completely innocent. Peter Eckersley, the chief computer scientist at the Electronic Frontier Foundation, calls them 'the most invasive in the world.' 'Facebook's business model is to amass as much first-party and third-party data on you as...
  • CLSA: "The Bank Of Japan Has Nationalized The Japanese Stock Market"

    08/23/2016 6:42:23 AM PDT · by Rockitz · 3 replies
    ZeroHedge.com ^ | 23 August 2016 | Tyler Durden
    Following the recent announcement by the BOJ that it would double its ETF purchases to ¥6 trillion, or $58 billion, up from the current ¥3.3 trillion, which is the equivalent to the Fed purchasing $580 billion in ETFs over the next two years, we noted that according to a Bloomberg analysis this would make the Bank of Japan the top shareholder of 55 companies by the end of 2017. It should, therefore, come as no surprise that as CLSA's Nicholas Smith wrote in a research report, the "BOJ is nationalizing the stock market" because that is precisely what it is...
  • For the first time, a county in America has lost all of its Obamacare insurers

    08/23/2016 4:59:36 AM PDT · by snarkpup · 46 replies
    Business Insider ^ | Aug. 22, 2016, 10:08 AM | Bob Bryan
    Cox told Business Insider that the situation in Pinal County will likely raise calls for a public option, or a government-run health insurance option similar to Medicare or Medicaid.
  • Jackson Hole: the three tough questions central banks must ask themselves

    08/23/2016 4:20:56 AM PDT · by expat_panama · 13 replies
    The Telegraph ^ | 22 August 2016 • 5:32pm | Matthew Lynn
    ....men and women who control the global monetary system get together for three days to debate the challenges facing the world economy – and how they might use monetary policy to fix it. This year’s title is “Designing Resilient Monetary Policy Frameworks for the Future”... ...Here are three good ones to start with: is quantitative easting actually working? Have we broken the banking system? And isn’t it time to update economic models that no longer tell us much about the real world? First, why isn’t QE working the way it was meant to? For a long time, central bankers were...
  • Rio Olympics Closing Ceremony Ratings Lose Almost 50% Of London 2012 Viewers

    08/22/2016 4:27:33 PM PDT · by SkyPilot · 56 replies
    Deadline Hollywood ^ | 22 Aug 16 | Dominic Patten
    On the Tube in London there’s a sign saying “Mind The Gap” to warn riders to be careful when stepping on the train – NBC might want to pay attention to the expression when it comes to Olympics ratings. With a 4.0/14 rating among adults 18-49 and 16.85 million viewers for the Closing Ceremony of the Rio Games, NBC is looking at the worst Summer Olympics results in decades. Not only are fast affiliates down to the second lowest result of the 2016 Olympics for the Comcast-owned net’s primetime coverage but they took a whooping 56% fall in the...
  • Chicago Public Schools seeks $1.55 billion credit line

    08/22/2016 4:04:21 PM PDT · by upchuck · 29 replies
    Reuters ^ | Aug 22, 2016 | Karen Pierog
    CHICAGO The cash-strapped Chicago public school system will rely on a $1.55 billion line of credit in fiscal 2017 to boost cash flow, up from $1.065 billion in fiscal 2016, according to a briefing document released by the district on Monday. The bigger credit line will be on the agenda for the Chicago Board of Education's Wednesday meeting, along with a $5.4 billion operating budget, a $250 million property tax hike earmarked for teacher pensions and authorization to issue up to $945 million of general obligation bonds for capital projects. The nation's third-largest public school district said it needs access...
  • Zendaya's 'Spider-Man: Homecoming' Casting As Mary Jane Watson Sends Haters Into a Frenzy

    08/22/2016 2:09:22 PM PDT · by drewh · 81 replies
    Toronto Sun ^ | MONDAY, AUGUST 22, 2016 09:00 AM EDT | Steve Tilley
    Spider-Man has many powers: Wall-crawling, web-slinging… and race-bending. According to a story posted by The Wrap, 19-year-old Disney Channel star Zendaya is set to play Mary Jane Watson in next year’s Spider-Man: Homecoming, a re-reboot that will see young British actor Tom Holland as a high school-aged Peter Parker. This is a great idea. It’s 2016, why couldn’t – or shouldn’t – Spidey have a love interest who isn’t white? And many people agree, with Twitter and Facebook full of responses from folks who think a black Mary Jane is a fantastic choice. But, as always, there are pockets of...
  • 1,690-Page ‘Climate Change’ Reg Increases Cost of Tractor-Trailer Up to $15,119

    08/22/2016 11:04:42 AM PDT · by Olog-hai · 27 replies
    Cybercast News Service ^ | August 22, 2016 | 12:52 PM EDT | Terence P. Jeffrey
    The Environmental Protection Agency and the National Highway Traffic Safety Administration jointly issued a new regulation last week that is meant to help protect the world from “climate change” by limiting “greenhouse gas emissions” and improving fuel efficiency in medium- and heavy-duty vehicles operated in the United States. The 1,690-page regulation is approximately 700,000 words long. A “regulatory impact analysis” published by EPA and NHTSA estimates the regulation will add an average of as much as $13,749 to the cost of a tractor truck and $1,370 to a trailer, making some tractor-trailer combinations $15,119 more expensive in 2027 than they...
  • Clinton’s misleading citation of ’15 million jobs’ under Obama

    08/22/2016 7:13:25 AM PDT · by Leaning Right · 11 replies
    The Washington Post ^ | August 22, 2016 | Glenn Kessler
    If there’s one thing that drives the Fact Checker nuts, it’s a repeated talking point that is based on actual data but is obviously misleading. The Clinton campaign is clearly fond of saying that 15 million jobs — or, alternatively, 15 million private-sector jobs — were created in the Obama administration. Clinton frequently indicates that she’s talking about the entire Obama administration. She uses phrases such “than when they took office” or “in the last 7 1/2 years.” But that’s 5 million jobs too many.
  • Opinion: Here’s evidence the Fed is unlikely to hike rates before Election Day

    08/22/2016 3:35:02 AM PDT · by expat_panama · 18 replies
    Market Watch ^ | Aug 19, 2016 8:19 a.m. ET | Mark Hulbert
    <p>Does the Federal Reserve play politics? You could just as well ask if the Pope is Catholic.</p> <p>Investors should be wondering about the Fed’s politics because its interest-rate setting committee will meet two more times before Election Day — Sept. 20-21 and Nov. 1-2.</p>
  • The Fed Launches A Facebook Page... And The Result Is Not What It Had Expected

    08/21/2016 5:12:55 PM PDT · by RightGeek · 50 replies
    ZeroHedge ^ | 8/21/2016 | Tyler Durden
    While it is not exactly clear what public relations goals the privately-owned Fed (recall Bernanke's Former Advisor: "People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned") hoped to achieve by launching its first Facebook page last Thursday, the resultant outpouring of less than euphoric public reactions suggest this latest PR effort may have been waster at best, and at worst backfired at a magnitude that matches JPM's infamous #AskJPM twitter gaffe. Here are some examples of the public responses to the Fed's original posting: they all share a certain uniformity... [Screen captures] [More by...
  • Secret Yanukovych Party Ledgers Claim $225,000 Deal With CNN Host

    08/21/2016 3:13:52 PM PDT · by drewh · 16 replies
    Moscow Times ^ | Aug 20 2016 AST
    U.S. television star Larry King received $225,000 from Ukraine’s disgraced former ruling Party of Regions, Ukrainian journalist and politician Serhiy Leshchenko has claimed. Speaking at a press conference on Friday, Leshchenko said that he had uncovered evidence which proved that the Party of Regions had paid King using shadow assets. The longtime CNN host received the money in return for a 2011 interview with former Ukrainian Prime Minister Mykola Azarov, said Sevgil Musaeva-Borovyk, the chief editor of the Ukrainskaya Pravda news website. Yanukovych fled to Russia in February 2014 following months of anti-government protests.
  • Early data show $15 minimum hurting Seattle's poor

    08/21/2016 3:03:54 PM PDT · by Olog-hai · 33 replies
    Washington Examiner ^ | 8/13/16 12:01 AM | Sean Higgins
    As recently as last year, the Democratic Party’s leaders thought the idea of a $15 federal minimum wage was unrealistic and even pushed back against it. That ended in July when the official party platform, bowing to pressure from organized labor and Sen. Bernie Sanders and his supporters, adopted a call for a $15 federal minimum, more than double the current rate of $7.25 an hour. […] When Seattle increased its minimum to $15 in 2014, a boost of nearly $6 an hour, it also commissioned a study of the increase’s effect by the University of Washington. A report released...
  • Trump Leads Clinton by 5+ Points in the Key Battleground State of Pennsylvania

    08/21/2016 1:34:49 PM PDT · by Trump20162020 · 155 replies
    CBS News ^ | August 21, 2016
    Republican presidential nominee Donald Trump has surged to a 5-point lead over democratic rival Hillary Clinton in the key battleground state of Pennsylvania as per a latest poll.
  • New York nabs global property crown from London on Brexit fears

    08/21/2016 1:47:00 PM PDT · by Berlin_Freeper · 5 replies
    thehindu.com ^ | August 21, 2016 | Reuters
    New York has knocked off London as the world’s premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital’s appeal as a global financial centre.
  • Clinton's economic plans likely to boost her corporate donors

    08/21/2016 10:50:03 AM PDT · by blueyon · 14 replies
    WashingtonExaminer.com ^ | 8/21/16 | Sarah Westwood
    Hillary Clinton spent the past two weeks rolling out economic proposals that include the "biggest investment in new, good-paying jobs since World War II" and a tax hike on corporations and the wealthy, which could create lucrative opportunities for many of the corporations that have lined her campaign coffers. She has proposed refurbishing the electrical grid to make it "clean," and establishing a government-run bank that would steer taxpayer funds toward the private companies that are chosen to implement her projects. One ambitious aspect of her plan involves extending broadband access to every American household by 2020. Similar efforts launched...
  • The Day I Went Head-To-Head With Donald Trump

    08/21/2016 8:08:14 AM PDT · by upchuck · 33 replies
    Forbes ^ | Aug 19, 2016 | Thomas Stewart
    ... The overwhelming majority of Mr. Trump’s detractors have never sat across the table from him to hammer out a multimillion-dollar business deal. I have. So I think I’m in a better position than they are to judge his effectiveness as a top-level executive... The first thing I noticed about Mr. Trump was that he was a stickler for detail. As a politician, he may affect a breezy platform style, but in the office, he was all business. Right off the bat, he corrected my team’s estimates of future financing requirements. He must have phoned an expert minutes before the...
  • War Dogs Review: Comedy Tells Outrageous True Story

    08/21/2016 7:05:23 AM PDT · by rktman · 17 replies
    townhall.com ^ | 8/21/2016 | John Hanlon
    The new comedy War Dogs tells the true story of two cynical young men who took advantage of bureaucratic failures to become successful weapons dealers. These two men — who sold weapons to the government during the Wars in Afghanistan and Iraq —ultimately secured a $300 million contract with the United States military. The film, which was inspired by a true story, operates as both a comedy and a hard-to-imagine drama that shows how these two guys in their twenties were able to take advantage of a lax governmental policy.
  • Turnpike Commission CEO apologizes for toll collector's racist statements as investigation continues

    08/20/2016 11:05:58 PM PDT · by Tolerance Sucks Rocks · 84 replies
    Penn Live ^ | July 27-28, 2016 | Steve Marroni
    Susquehanna Township resident Carl Shuman was heading home from a business trip in Pittsburgh Monday night, and after a pleasant drive, he pulled up to the toll booth at the Carlisle exit, ready to pay his toll. There, he was stunned by something that in his more than four decades of driving and in his professional life as an employment-law attorney, he had never encountered -- not like this, anyway, he said. As the car in front of him left the booth, Shuman noticed the toll collector shaking his head and smirking. "He said something very close to, 'Them black...
  • Pa. Turnpike wedded to toll hikes, mired in debt

    08/20/2016 8:06:18 PM PDT · by Tolerance Sucks Rocks · 35 replies
    The Lehigh Valley Express-Times ^ | July 31, 2016 | Express-Times Letter to the Editor
    Is it possible that a toll road could price itself right out of its market? That's essentially what the Pennsylvania Turnpike is prescribing for itself. Last week the Turnpike Commission informed us that tolls will go up a ninth consecutive year in 2017 — and stay on a steadily upward trajectory until 2044. And of course, there's no guarantee after that. By then, we can only hope, the turnpike will have morphed into a giant solar-powered car-train — for self-driving cars, of course. "Unsustainable" is an overused word these days, but it applies to the toll road's future. The turnpike...
  • Ludicrous legislation takes toll on Pennsylvania Turnpike

    08/20/2016 7:49:57 PM PDT · by Tolerance Sucks Rocks · 25 replies
    The Pittsburgh Tribune-Review ^ | August 7, 2016 | Eric Heyl
    Slam on the brakes. That's what state lawmakers want to do to increasingly frequent instances of motorists skirting payment of Pennsylvania Turnpike tolls. The problem wouldn't be nearly as prevalent had many of those same legislators years ago taken a detour around the lame-brain idea that directly resulted in turnpike travel becoming significantly more costly. How costly? Pretty soon only Saudi Arabian sheiks will be able to afford the outrageous tolls, though those guys probably prefer to fly their personal planes from Pittsburgh to Breezewood. Those lacking private jet transportation sidestep the tolls in renegade fashion. They fly through toll...
  • Finance is Not the Economy

    08/20/2016 5:07:07 PM PDT · by Lorianne · 3 replies
    Michael Hudson ^ | 18 August 2016 | Michael Hudson
    Why have economies polarized so sharply since the 1980s, and especially since the 2008 crisis? How did we get so indebted without real wage and living standards rising, while cities, states, and entire nations are falling into default? Only when we answer these questions can we formulate policies to extract ourselves from the current debt crises. There is widespread sentiment that this crisis is fundamental, and that we cannot simply “go back to normal.” But deep confusion remains over the theoretical framework that should guide analysis of the post-bubble economy. The last quarter century’s macro-monetary management, and the theory and...
  • Proposed legislation would crack down on Pennsylvania Turnpike toll cheats

    08/20/2016 4:10:22 PM PDT · by Tolerance Sucks Rocks · 15 replies
    The Pittsburgh Tribune-Review ^ | August 1, 2016 | Brad Bumsted
    HARRISBURG — Motorists blow past Pennsylvania Turnpike toll booths every year, resulting in millions of dollars of losses. The agency that manages more than 500 miles of highway is supporting legislation to punish those scofflaws. A bill pending in the state Senate would “give us the hammer we need to go after habitual toll cheats,” Turnpike Commission Chairman Sean Logan said. “This measure would ensure that everyone pays their fair share. There are no free rides.” The bill by Senate Transportation Chairman John Rafferty, R-Montgomery County, and Senate Minority Leader Jay Costa, D-Forest Hills, would allow PennDOT to suspend the...
  • Obama to Israel: Our Tax Dollars Won’t Go to Your Defense Contractors

    08/20/2016 2:33:10 PM PDT · by Tours · 29 replies
    Yahoo news ^ | Aug. 20, 2016 | Dan De Luce and Paul McLeary,
    The United States and Israel are close to clinching a massive 10-year arms deal, but Washington is pushing to scrap a coveted provision that has allowed Israel to pump hundreds of millions of dollars directly into its defense industry. If successful, the administration’s push to remove the clause would inflict some real pain on Israel’s growing security sector, which already exports more arms overseas than almost any other country apart from the United States. On the flip side, the change would mean a potential windfall for American defense contractors scrambling to sell their wares abroad to make up for declining...
  • I Told You So: Health Care, ACA

    08/20/2016 9:14:02 AM PDT · by BDParrish · 16 replies
    Market Ticker ^ | August 18,2016 | Karl Denninger
    This rate of acceleration will, as I have repeatedly pointed out, bankrupt the Federal Government within the next administration's term. It will in fact exceed all current federal spending within the next 10 years. Neither of these events will actually come to pass because you cannot have a government when you can't pay the light bill in Washington DC. There is exactly one way to stop this from happening and that is to start prosecuting and imprisoning, right now, each and every instance of price-fixing (Sherman/Clayton), attempts to monopolize markets (Sherman/Clayton again), pricing discrimination of like kind and quantity for...
  • Clinton & Trump Don't Get Need for Free Economy

    08/20/2016 7:53:47 AM PDT · by expat_panama · 42 replies
    Forbes ^ | Aug 15, 2016 | Fred Smith
    As a longtime advocate for capitalism, I’ve been considering the prospects for free market ideas in a White House presided over by either of the two major party candidates for president. It’s not an easy challenge. Both candidates, in their own way, misunderstand the need for, and the benefits of, a free economy. And it’s difficult to say which brand of wrongheadedness is more damaging – attacking the best aspects of our current economic system or defending the worst. Neither major party candidate seems to understand the advantages of a free economy. Hillary Clinton... ...“every so often” the American people...
  • Donald Trump fundraising event in Minneapolis draws GOP donors, protesters to Convention Center

    08/20/2016 7:42:46 AM PDT · by upchuck · 8 replies
    Star Tribune ^ | Aug 20, 2016 | Patrick Condon
    Donald Trump roiled Minnesota politics for a few hours Friday night without ever showing his face in public. The New York businessman made his first visit to the state as the Republican presidential candidate for a private nighttime fundraiser at the Minneapolis Convention Center. Dozens of protesters gathered out front ahead of the event and marched around the large building. Later in the ­evening, a smaller contingent grew unruly. Some fundraiser attendees were pushed and jostled, spit on and verbally harassed as they left the ­convention center. Trump never appeared in public, and did not grant media interviews or hold...
  • Infrastructure Crisis? The U.S. Is #1 In The World

    08/20/2016 7:06:48 AM PDT · by expat_panama · 22 replies
    Hoover Institution ^ | Thursday, August 18, 2016 | Paul R. Gregory
    On the campaign trail, Hillary Clinton and Donald Trump have been claiming that the United States needs more and better infrastructure. Like many other politicians before them, they say that infrastructure creates economic growth and jobs; they argue that we have too little of it; and they believe it must be provided by government. The truth is, though, that U.S. infrastructure ranks near the top in the world. No matter: the political script is that we need more government spending on infrastructure, and we need it now. Democrats call for a publicly funded infrastructure bank to address America’s “crumbling” infrastructure....
  • Pentagon can’t account for $6.5 trillion of taxpayer money – IG report

    08/20/2016 1:18:04 AM PDT · by Enlightened1 · 56 replies
    RT ^ | 08/20/16
    The Pentagon failed to account for $6.5 trillion in its financial statement, a recently-recovered Inspector General’s report on the 2015 fiscal year said. It reveals the audit of the Department of Defense was “materially misstated.” The army failed to provide “accurate, complete, timely and well-supported” documents that could have explained the use of trillions of dollars in quarterly and yearend adjustments. The US military made $2.8 trillion in wrongful adjustments in one quarter alone in 2015, and $6.5 trillion for the year, but could not provide anything that would detail what it spent the money on. There were a total...
  • Police 'bust Malia Obama at wild Martha's Vineyard' party: First Daughter 'is rushed out by Secret

    08/19/2016 2:05:59 PM PDT · by ShivaFan · 113 replies
    Getty, AP, Reuters Daily Mail ^ | 18-August-2016 | Daily Mail
    "After Malia Obama was reportedly caught at a raucous party that was broken up by police, the first daughter went on a long walk with her dad near their vacation home on Martha's Vineyard."
  • The Clinton and Trump Economic Plans: Growing the State or the Private Sector

    08/19/2016 4:54:26 PM PDT · by oblomov · 4 replies
    Epoch Times ^ | 19 Aug 2016 | Valentin Schmid
    With poll after poll saying the economy is the most important issue in the presidential election, the candidate who connects with voters on this subject has a good chance of winning it all. Donald Trump’s and Hillary Clinton’s economic plans offer a clear choice. Trump seeks to revive American greatness with policies aimed at kick-starting economic growth. Clinton seeks fairness and more benefits for the middle and working classes. Their proposals fall on either side of one question: Is the state or the individual better at spending the peoples’ money? Trump clearly thinks the people—as individuals or through the companies...
  • Migrants Refuse Jobs, Claiming They Are ‘Guests of Merkel’

    08/19/2016 9:09:12 AM PDT · by Perseverando · 27 replies
    Breitbart ^ | August 19, 2016 | Chris Tomlinson
    Integration into the job market for migrants has become a major ongoing task for the German government but in one town migrants are refusing to work entirely. One of the major issues of the migrant crisis is Germany and elsewhere has been the economic impact the massive wave of migrants will have in Europe. While some experts initially were optimistic about a potential vast new source of skilled labour, most economists have come to the conclusion that the migrants who have arrived are for the most part unskilled and poorly educated. Yet in own Saxon town, they have moved...