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Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • De Blasio’s cluelessness on reopening NYC is ultimate failure of crisis leadership

    05/28/2020 8:03:07 PM PDT · by Rummyfan · 10 replies
    NY Post ^ | 26 May 2020 | Post Editorial Board
    New York City is in serious trouble: Its economy is collapsing under the COVID lockdown — and Mayor Bill de Blasio is totally clueless about how to reopen it. On Tuesday, he admitted City Hall has no specific date for lifting restrictions (though he’s hoping it’ll be some time in June) — and no firm grip whatsoever on the details of how the reopening will take place. “We’re going to be briefing all New Yorkers on each of these questions as we get closer,” he assures. Gee, thanks. (Memo to Hizzoner: June starts on Monday.) There’s a “lot that we...
  • Let the Sun Shine In

    05/28/2020 7:29:56 PM PDT · by Rummyfan · 1 replies
    City Journal ^ | 27 May 2020 | Michael Hendrix
    Florida has proven that a measured, evidence-based response to reopening works. For a moment in April, the Internet tried to cancel Florida. Photos showing crowds flocking to Jacksonville Beach amid the Covid-19 pandemic brought the hashtag #FloridaMorons to the top of Twitter. The media eagerly spun scenes of ignorant spring breakers endangering themselves and others. Nearly two months after America’s first case of coronavirus, here was Florida’s Republican governor, Ron DeSantis, joining neighboring state Georgia’s “experiment in human sacrifice” by letting locals lift restrictions on their own. Nearly a month later, Jacksonville’s Duval County reports new Covid-19 hospitalizations in the...
  • White House won't release summer economic forecast amid financial turmoil from coronavirus

    05/28/2020 6:05:27 PM PDT · by Coronal · 5 replies
    Fox News ^ | May 28, 2020 | Andrew O'Reilly
    The White House has decided against releasing a new round of updated economic projections this summer in an unprecedented move as the country continues to reel financially from the coronavirus-spurred downturn. The Council of Economic Advisers (CEA), the internal White House economic team, will not send out their projections this summer – despite assurances from a number of top Trump administration advisers that the economy will swiftly recover from the worst downturn since the Great Depression. The numbers are normally produced jointly by the Office of Management and Budget, CEA and Treasury Department. “It is foolish to demand such a...
  • Fitton: Judicial Watch Lawsuit Forces Release of Infamous FBI Memo Used to Launch Obama Administration’s Spy Operation on Trump’s 2016 Campaign

    05/28/2020 3:51:04 PM PDT · by yoe · 14 replies
    JudicalWatch ^ | May 28, 2020 | JW Staff
    In a major development, Judicial Watch forced the declassification and release of an FBI memo or “electronic communication” (EC) that officially launched the counterintelligence investigation, termed “Crossfire Hurricane,” of President Trump’s 2016 presidential campaign. We obtained the document that disgraced FBI official Peter Strzok wrote in our FOIA (suit0 against the FBI and DOJ for: “The Electronic Communication that initiated the counterintelligence investigation of President Trump’s 2016 presidential campaign.” (Judicial Watch v. U.S. Department of Justice (No. 1:19-cv-02743). The redacted document details seemingly third hand information that the Russian government “had been seeking prominent members of the Donald Trump campaign...
  • San Francisco stay-at-home order extended 'indefinitely' mayor says

    05/28/2020 3:12:37 PM PDT · by BackRoads775 · 102 replies ^ | 29 May 2020 | Unknown
    SAN FRANCISCO (KTVU) - San Francisco is chartering its on course on how to reopen, differentiating itself from the five Bay Area counties it once stood aligned with on how to move forward in the COVID-19 fight. Mayor London Breed announced at a news conference on Thursday that the city's current stay-at-home order, which was set to expire on Sunday, would be extended "indefinitely."
  • Big, bold, immediate action needed to stimulate and jumpstart jobs and the economy for the short-term and beyond?

    05/28/2020 3:07:34 PM PDT · by Jim Robinson · 33 replies
    by Jim Robinson
    Pelosi wants to spend $3 trillion. McConnell says no more than $1 trillion. But, of course, both want to expand federal power and bureaucracy to pick the winners and losers while they dole it out. And there's no way they can keep it under $3 trillion, much less $1 trillion. Ok, if it's worth doing it should be big, bold, immediate and without growing the bureaucracy and without allowing government to pick the winners and losers. I've seen suggestions that we should have a payroll tax holiday until the end of the year. That would be a good start and...
  • CDC guidelines on COVID-19 antibody tests note that a positive antibody test result does not necessarily indicate immunity from the virus

    05/28/2020 1:08:37 PM PDT · by 1Old Pro · 18 replies
    The Hill ^ | 5/28/2020 | Rebecca Klar
    “We made them mandatory in public settings, public transportation etc., but when we’re talking about reopening stores and places of business, we’re giving the store owners the right to say, ‘If you’re not wearing a mask, you can't come in,'” Cuomo said during his daily press briefing. “The masks work, they work,” he said. “And we have to culturalize the masks, we have to customize the masks for New York, to get New Yorkers to wear them.”
  • 10 years of US H1B visa policies overturned by settlement

    05/28/2020 12:48:32 PM PDT · by NobleFree · 27 replies ^ | 2020-05-27 | Daniel Waldron and Sanwar Ali
    According to an article published by Forbes, United States Citizenship and Immigration Services (USCIS) has reached an agreement with business group, ITServe Alliance, which brings to an end a decade of restrictive H1B visa policies imposed on employers. The settlement comes following two key rulings against USCIS.On March 20, 2020 a District Court opinion rejected key actions taken by USCIS, while more recently, on May 20, a judge in Georgia ruled against USCIS policies. For many employers, problems they encountered with USCIS started back on January 8, 2010 after the ‘Neufeld’ memo was issued.In the memo, USCIS seized the authority...
  • 'Plainly illegal': Senate Democrat condemns Trump's social media executive order

    05/28/2020 12:19:53 PM PDT · by kevcol · 30 replies
    Washington Examiner ^ | May 28, 2020 | Madison Dibble
    Sen. Ron Wyden called President Trump's executive order targeting social media platforms a "plainly illegal" attempt to push "unfiltered lies." . . . "I have warned for years that this administration was threatening 230 in order to chill speech and bully companies like Facebook, YouTube, and Twitter into giving him favorable treatment. Today Trump proved me right. I expect those companies and every American who participates in online speech to resist this illegal act by all possible means," Wyden said in a statement.
  • The Most Important Coronavirus Statistic: 43% Of U.S. Deaths Are From 0.6% Of The Population

    05/28/2020 12:08:33 PM PDT · by absalom01 · 15 replies
    Forbes ^ | May 26, 2020 | Avik Roy
    Americans are vigorously debating the merits of continuing to lock down the U.S. economy to prevent the spread of COVID-19. A single statistic may hold the key to resolving this debate: the astounding share of deaths occurring in nursing homes and assisted living facilities. Nursing homes and assisted living facilities: The #1 COVID problem 2.1 million Americans, representing 0.62% of the U.S. population, reside in nursing homes and assisted living facilities. (Nursing homes are residences for seniors needing help with activities of daily living, such as taking a shower or getting dressed, who also require 24/7 medical supervision; assisted living...
  • Bling and beans: Jeweler adds canned goods to shelves to stay ‘essential’

    05/28/2020 11:22:07 AM PDT · by xp38 · 22 replies
    WOOD TV ^ | May 27 2020 | Jacqueline Francis
    NORTON SHORES, Mich. (WOOD) — A jewelry store south of Muskegon has started offering select groceries as a way to be deemed essential and therefore stay open in case of a future shutdown. Owner Karl Krautheim says the shop, Krautheim & Swanson GemWorks on Harvey Street near E. Hile Road in Norton Shores, has been in his family for more than 130 years. “My great-grandfather started this jewelry business in Muskegon in 1887,” Krautheim said. “We’ve been there through the Spanish flu back in 1918, World War I, World War II, the Depression…” But the coronavirus pandemic could cause the...
  • The Church Doors will be Open for Masses this Weekend!

    05/28/2020 10:50:50 AM PDT · by Jeff Chandler · 9 replies
    This weekend, May 16-17, we will begin to offer a full schedule of Masses at St. Mary and St. Juan Diego churches. However seating is restricted to just 25% in the church. At St. Mary's, we will be able to seat 125 people in the church, 10 in the chapel, and 50 in the Hall. At St. Juan Diego, we will be able to seat 250 in the church, 50 in the chapel, and 10 in the Tepeyac Room. Everyone, 3 years and older, is required to wear a mask when in the church, except when receiving communion. Because seating...
  • Coronavirus job losses are hitting these 3 states the hardest

    05/28/2020 10:49:17 AM PDT · by SeekAndFind · 22 replies
    Yahoo Finance ^ | 05/28/2020 | Zack Guzman
    The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits topping 2 million, yet again. The latest swath of applications brings the total amount of jobless claims to more than 40 million over the past 10 weeks, wiping out the 20 million jobs added over the last decade by a two-to-one margin. But some states have been feeling the impact of job losses more than others. A Yahoo Finance review of jobless claims data from the U.S. Department of Labor shows that Georgia and other states...
  • Gov. Tom Wolf elaborates on green reopening phase, provides guidance on dining and pro sports

    05/28/2020 10:46:51 AM PDT · by lightman · 12 replies
    WGAL ^ | 28 May A.D. 2020 | Staff
    HARRISBURG, Pa. — Gov. Tom Wolf is elaborating on the reopening process for green phase counties in Pennsylvania, as well as providing guidance on outdoor dining in yellow counties, dining in green counties and professional sports in yellow counties. Green phase Eighteen counties will move into the green phase on Friday. The following guidance applies: Personal care services, including hair salons and barbershops must operate by appointment only; appointments or reservations are also strongly encouraged for gyms or spas. Any gathering for a planned or spontaneous event of greater than 250 individuals is prohibited. This includes, but is not limited...
  • The executive order Trump could use to take on Twitter and Facebook

    05/28/2020 9:29:20 AM PDT · by Mariner · 23 replies
    protocol ^ | May 28th, 2020 | Emily Birnbaum
    A draft of an executive order that President Donald Trump may sign as soon as Thursday could dramatically expand the government's ability to punish social media platforms, marking the Trump administration's most aggressive salvo yet in its battle against alleged anti-conservative bias on platforms including Twitter and Facebook. A draft of the expansive executive order, circulated to stakeholders and obtained by Protocol late Wednesday night, would pull multiple levers of governmental power — including federal agencies, the U.S. attorney general and the White House — in order to blast the tech giants over allegations that their platforms censor conservative voices....
  • Tech billionaires line up behind Joe Biden with plans for hi-tech tools to help Democrat best Donald Trump as president goes to war with Twitter

    05/28/2020 9:10:19 AM PDT · by kevcol · 38 replies
    Daily Mail ^ | May 28, 2020 | Katelyn Caralle
    Four Silicon Valley billionaires in particular are trailblazing an effort to help the Democratic Party with obtaining more data by creating start ups and tech tools specifically to rival Republicans in that field, according to nearly two dozen interviews conducted by Vox's digital news arm Recode. LinkedIn founder Reid Hoffman, Facebook co-founder Dustin Moskovitz, philanthropist and Steve Jobs' widower Laurene Powell Jobs and former Google CEO Eric Schmidt are all behind this effort to help defeat Donald Trump.
  • Live at 2pm EDT: Press Secretary Kayleigh McEnany Holds a Briefing

    05/28/2020 8:54:50 AM PDT · by upchuck · 74 replies
    White House ^ | May 28, 2020
    Don't know the topic. But if Kayleigh is involved it's sure to be a winner.
  • Senate moves to delist Chinese companies from US stock exchanges; The bill's fate is uncertain in the House

    05/28/2020 7:31:54 AM PDT · by SeekAndFind · 7 replies
    Yahoo Finance ^ | 05/28/2020 | Ben Werschkul
    The Senate passed a bill by unanimous consent on Wednesday to take on Chinese companies listed on U.S. exchanges. The legislation would require the companies to submit to a range of stringent provisions to avoid being booted. First, they must disclose whether they are owned or controlled by a foreign government. Second, and perhaps most intrusively, they would have to comply with audits from the Public Company Accounting Oversight Board (PCAOB) for three years in a row. “We just want Chinese companies to play by the same rules as everybody else,” said Sen. Chris Van Hollen (D-MD) during an appearance...
  • Some businesses pledge to keep out customers who cover their faces

    05/28/2020 7:12:57 AM PDT · by shove_it · 29 replies
    LMTonline ^ | 28 May 2020
    For 64 days, Kevin Smith had shut down the Liberty Tree Tavern to comply with government orders. Now he was cleaning and disinfecting and removing stools to cut seating by three-quarters as he prepared to reopen the bar. Plexiglass screens had gone up at the supermarket checkout. His neighbors in Elgin, Texas, were still wearing masks outside, even after it was no longer mandated by the county. He did not think such a response was necessary, he said, and he wanted to push back. "Sorry, no mask allowed," read the poster taped to the front door of his bar Friday....
  • Exclusive: U.S. taxpayers' virus relief went to firms that avoided U.S. tax

    05/28/2020 7:03:11 AM PDT · by Oldeconomybuyer · 7 replies
    Reuters ^ | May 28, 2020 | by Tom Bergin, Lawrence Delevingne
    LONDON/BOSTON - Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus. The money was part of the $660 billion Paycheck Protection Program (PPP) - a linchpin of President Donald Trump’s economic rescue package, meant to save small firms convulsed by the pandemic and help them to keep workers on the payroll. Claimants certified the loans were necessary to support their business and received an average of $115,000 as of May 26, according...