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Business/Economy (News/Activism)

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  • Washington Tried to Land Massive Tesla Electric Car Factory — Would It Be Worth It?

    08/01/2014 1:35:06 PM PDT · by Robwin · 7 replies
    Newstalk 870 KFLD ^ | July 29, 2014 | John McKay
    The Washington Department of Commerce said it mounted an aggressive effort that included the personal involvement of Inslee. The company would reportedly create 6,000 jobs to build batteries for a projected 500,000 Tesla cars to be built by 2020. Among the reasons given for Tesla’s reluctance to locate here is that we’re not a “right to work state.” Controversial labor issues with Boeing and other companies have scared off some prospective companies. But beyond this grand project are some shady financial issues... This despite Consumer Reports fiascos that occurred in testing some Tesla models – which either caught fire in...
  • Supply Chain Talent Is a Growing Gap for Leaders and the Impact Is Enormous

    08/01/2014 1:32:47 PM PDT · by Vigilanteman · 13 replies
    Supply Chain 24/7 Magazine ^ | 1 August 2014 | Lora Cecere
    Five years ago talent was plentiful, companies could easily recruit for supply chain planners, and it was easier to recruit supply chain graduates - Not so today. The biggest issues are in mid-management roles. Let’s examine some of the facts from recent research. Today, 60% of companies have open positions. Fifteen percent of the planning positions are open for an average time of five months. An IBM surveys report that 51% of companies are seeing an increase in turnover of supply chain leaders. Have I convinced you yet to be worried? If so, let’s start working on an answer. Let...
  • Read the GOP House border fix [H.R. 5272] deportations and [H.R. 5230] appropriations

    08/01/2014 12:31:17 PM PDT · by Cincinatus' Wife · 3 replies
    The Hill ^ | August 1, 2014 | The Hill Staff
    Republican plans for dealing with the border crisis include changes to deferred action on deportations: GOP deferred action [H.R. 5272] "..... Unless explicitly authorized by law, no agency or instrumentality of the Federal Government may issue after July 30, 2014, guidance, memorandums, regulations, policies, or other similar instruments the effect of which is— ........." [SNIP] ... as well as appropriations: GOP border appropriations [H.R. 5230] "....Making supplemental appropriations for the fiscal year ending September 30, 2014, and for other purposes.....' [SNIP]
  • Russia And Germany Allegedly Working On Secret "Gas For Land" Deal

    08/01/2014 12:28:39 PM PDT · by Lorianne · 16 replies
    Zero Hedge ^ | 31 July 2013 | Tyler Durden
    Thanks to the Independent, we may know the answer, and it is a doozy, because according to some it is nothing shy of a sequel to the Molotov-Ribbentrop pact: allegedly Germany and Russia have been working on a secret plan to broker a peaceful solution to end international tensions over the Ukraine, one which would negotiate to trade Crimea's sovereignty for guarantees on energy security and trade.
  • OBAMA: 'The Economy Is Clearly Getting Stronger'

    08/01/2014 12:23:50 PM PDT · by SeekAndFind · 56 replies
    Business Insider ^ | 08/01/2014 | Hunter Walker
    President Barack Obama made a statement on the economy from the White House on Friday afternoon where he argued the latest jobs number show the economy is continuing to recover from the financial crisis. "The good news is the economy clearly is getting stronger things are getting better," said Obama. Obama highlighted the fact the country has seen a "six month streak with at least 200,000 new jobs each month." "That's the first time that's happened since 1997," he said. Obama described this as part of "the longest streak of private sector job creation in our history."
  • America’s Built-In Greek Fiscal Future

    08/01/2014 11:39:24 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | August 1, 2014 | Daniel J. Mitchell
    I had a very bad lunch today. But not because of what I ate. My lunch was unpleasant because I moderated a noontime panel on Capitol Hill featuring Senator Ron Johnson of Wisconsin and my Cato colleague Chris Edwards. And I should hasten to add that they were splendid company. The unpleasant part of the lunch was the information they shared. The Senator, in particular, looked at budgetary projections over the next 30 years and basically confirmed for the audience that an ever-expanding burden of federal spending is going to lead to a fiscal crisis. To be blunt, he showed...
  • When All Else Fails Blame "Free Markets"

    08/01/2014 11:33:19 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | August 1, 2014 | Mike Shedlock
    It's rather amazing how people blame "free markets" for things that are 180 degrees removed from "free markets". For example, and in response to Political Greenwashing: US Exports Coal Pollution to Europe; What About China? reader Over Exposed writes "Excellent example of a complete and utter failure of the free market to deal with pollution". I see and hear this every day. I would have hoped that people would have learned by now what a "free market" is and isn't. Chinese State Owned Enterprises (SOEs) are not "free markets"Chinese growth targets at any cost are not "free markets"Interest rate manipulation...
  • Belief in Work Ethic Strong Across Africa

    08/01/2014 10:37:39 AM PDT · by SoFloFreeper · 16 replies
    Gallup ^ | 8/1/14
    Africans are among the most likely in the world to believe people in their countries can get ahead by working hard. The 85% of Africans who said they believed this in 2013 rivals results found in more developed nations, and is on par with the 84% who believe this in Northern America. This faith in work ethic could be a major asset to plans that may emerge next week at the U.S.-Africa Leaders Summit, where African and U.S. leaders will focus on ways to stimulate growth and opportunities for the next generation.
  • How to Save the Soviet Security System

    08/01/2014 8:53:19 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | August 1, 2014 | John Ransom
    In early 1989, grime-covered coal miners, leading troglodytic lives filled with dust and danger, gathered one morning by their lockers, changed into their work gear, and, with helmets in place and headlamps lighted, refused to decamp into the their underground workplace. At issue wasn’t mine safety; nor was it wages, but rather things more mundane: soap and toothpaste. Neither was available to miners and their families in the isolated mining town. Like coal mining towns in West Virginia, Ohio and Virginia, this town was bent to the exigencies of industry and commerce—the quality of life for miners often suffered as...
  • Why A Higher Unemployment Rate Is Actually Good News This Time

    08/01/2014 8:36:16 AM PDT · by nhwingut · 27 replies
    Huffington Post ^ | 08/01/14 | Mark Gongloff
    The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally...
  • California Clears A Major Hurdle Toward Building Nation's Most Ambitious High-Speed Rail System

    08/01/2014 8:04:47 AM PDT · by SeekAndFind · 43 replies
    Business Insider ^ | 08/01/2014
    A California appeals court has ruled a state authority may issue $8 billion in bonds to help finance a high-speed rail system in the most populous U.S. state, removing a substantial obstacle to the proposed $68 billion plan. In overturning on Thursday a state court's 2013 ruling, the three-judge panel in Sacramento said the California High-Speed Rail Authority, which is overseeing the high-speed rail project, "properly found that issuance of bonds for the project necessary or desirable," court documents show. The panel also vacated a lower court order that the state redo its financial plan for the project. The rail...
  • Is the ecomomy the untold casualty of abortion?

    08/01/2014 7:57:46 AM PDT · by wagglebee · 60 replies
    Live Action News ^ | 8/1/14 | Gina L Diorio
    The pro-life movement often talks of the science behind life in the womb, the fact that abortion leaves emotional, psychological and physical scars on women and the inherent beauty of every life. What we don’t often talk about, though, is money.After all, doesn’t it seem somewhat crass to couch pro-life arguments in terms of economic benefit? The reality, though, is that abortion hasn’t impacted our society only in emotional, social, and cultural ways. It’s also impacted our society economically. And one political scientist is now claiming this very thing.Mark A. Olson, a former liberal community organizer turned pro-life consultant, has...
  • A Lesson in Economics for Argentina

    08/01/2014 7:51:42 AM PDT · by SeekAndFind · 5 replies
    Pajamas Media ^ | 08/01/2014 | Roger Kimball
    Ok, you economists, this is a quick exercise in free association: When I say “South America” what do you think? If you said “default,” go to the head of the class. Really, it’s the whole bloody continent (think “Mexico,” amigo), but let’s just look at Argentina, an economic basket case if there ever was one. The only question I have is why, given its recent history of fiscal incontinence [1] (not to mention political barbarousness [1]), anyone would lend them a nickel. The latest episode, which has been much in the news lately, involves more than $1 billion that Argentina...
  • GOP to try again on border

    08/01/2014 7:39:54 AM PDT · by Cincinatus' Wife · 26 replies
    The Hill ^ | August 1, 2014 | Cristina Marcos
    House Republicans will try again on Friday to pass legislation responding to the wave of child immigrants crossing the border. A day after pulling a $659 million measure from their schedule, Republicans emerged from a conference meeting saying they expected the House to vote on two separate bills Friday to address the border crisis. The House was scheduled to begin a five-week recess on Thursday night, but members were abruptly called back after rank-and-file lawmakers said the chamber should not adjourn without voting on legislation. The Senate has begun its recess after failing to approve its own $2.7 billion border...
  • "We Cannot Continue The Operations There"- Shell Declares Force Majeure In Ukraine

    08/01/2014 7:14:03 AM PDT · by thackney · 6 replies
    Oil Pro ^ | 7/31/2014 | Fydor Przyborski
    Shell announced today that it has declared force majeure on its unconventional gas exploration activities in eastern Ukraine, near the site where flight MH17 crashed. However, it's too early to tell what impact the latest round of EU and US sanctions on Russia for its actions in Ukraine will have on the Anglo-Dutch major, sources said. Shell has been engaging in shale gas exploration in Ukraine and its Russian assets include a stake in Sakhalin-2, one of the largest LNG projects in the world, where it is working with Gazprom to expand the project. Shell CEO Ben van Beurden was...
  • 11,472,000 Americans Have Left Workforce Since Obama Took Office

    08/01/2014 6:39:27 AM PDT · by Hojczyk · 24 replies
    CNS News.com ^ | August 1,2014 | Ali Meyer
    11.4 million Americans age 16 and over have left the workforce since President Obama took office in January 2009, according to data released today from the Bureau of Labor Statistics (BLS). In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as “not in the labor force,” meaning they not only did not have a job, but they didn’t actively seek one in the last four weeks. This number has increased by 11,472,000 since January 2009, when the number of Americans not in the labor force was 80,529,000. The number of Americans not in the labor force...
  • Why a global three-day workweek would be good for innovation

    08/01/2014 6:16:37 AM PDT · by C19fan · 20 replies
    Washington Post ^ | July 30, 2014 | Dominic Basulto
    The world’s second-richest man, Carlos Slim of Mexico, recently proposed the concept of a global three-day workweek at a business conference in Paraguay, arguing that working three days a week for a longer period of our lives — potentially up to age 75 — would better reflect the underlying economic and demographic reality of the modern world. ........................................................... But the real argument for the three-day workweek comes when you think of its ability to boost the innovation potential of individuals, companies and even nations. Working fewer hours a week frees up time to take on personal creativity and passion projects.
  • U.S. job growth cools, unemployment rate rises to 6.2 percent

    08/01/2014 5:51:09 AM PDT · by SeekAndFind · 46 replies
    Reuters ^ | 08/01/2014 | LUCIA MUTIKANI
    U.S. job growth slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said on Friday. Data for May and June were revised to show a total of 15,000 more jobs created than previously reported, showing underlying momentum.
  • NY judge: US warrant can reach email in Ireland

    08/01/2014 2:42:51 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Jul 31, 2014 7:27 PM EDT | Larry Neumeister
    U.S. law enforcement can force Microsoft Corp. to turn over emails it stores in Ireland, a judge ruled in a case that technology companies have rallied around as they pursue billions of dollars in data storage business abroad. […] The Redmond, Washington-based software company has said rulings forcing it to turn over emails threaten to rewrite the Constitution’s protections against illegal search and seizure and could damage U.S. foreign relations. Its arguments were joined by large technology companies, including Apple Inc., Cisco Systems Inc., Verizon Communications Inc. and AT&T Inc. …
  • Tesla taps Reno as potential Gigafactory site

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

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

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

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

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

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

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

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

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

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

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

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

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

    07/31/2014 9:00:42 AM PDT · by Responsibility2nd · 84 replies
    Newser ^ | 07/31/2014 | Rob Quinn
    (Newser) – The days of American paper money being an all-boys club could be numbered. President Obama said yesterday that he had received a letter from a young girl wondering why there were no women on US bills, "and then she gave me a long list of possible women to put on our dollar bills and quarters and stuff, which I thought was a pretty good idea," reports the Hill, which notes that while women including Susan B. Anthony and Native American guide Sacagawea have appeared on coins, the only woman to have made it onto paper money is...
  • Disenfranchising Franchises: The National Labor relations Board Goes After McDonald's

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

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

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

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

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

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

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

    07/31/2014 6:01:36 AM PDT · by SoFloFreeper · 44 replies
    Seattle PI ^ | 7/31/14
    The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Republican Gov. Scott Walker's recall election and rise to national prominence.
  • Obama's War on Billionaires

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

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

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

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

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

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

    07/30/2014 8:56:42 PM PDT · by TigerClaws · 57 replies
    Amid fears of a global Ebola epidemic, the feds are keeping a close eye on passengers arriving at JFK and other international airports in the United States to quarantine anyone showing signs of the deadly virus. And the city’s Health Department alerted doctors and other health providers to immediately report anyone they suspect might have the disease.
  • Obama order to expand labor rights for contractors

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

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