Business/Economy (News/Activism)

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  • A Chubby North Korean Dictator Brings Free Speech to a Halt

    12/18/2014 8:23:05 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | December 18, 2018 | Michael Schaus
    When did Sony get bought out by the French? Sony has decided cancel the theatrical release of their newest comedy after an apparent North Korean threat. “The Interview”, a Seth Rogen comedy about two inept journalists who are recruited to kill North Korea’s leader, found itself at the center of an international cyber-attack on Sony Entertainment earlier this month. Mountains of data from Sony’s secure records have been leaked by assumed North Korean sources, along with a rather chilling warning:“The world will be full of fear,” the message reads. “Remember the 11th of September 2001. We recommend you to keep...
  • Texas Plumber Receives Threats After Old Pickup Truck Appears in Jihadist Video in Syria (Video)

    12/18/2014 7:49:43 AM PST · by servo1969 · 37 replies
    thegatewaypundit.com ^ | 12-18-2014 | Jim Hoft
    A Texas plumber is receiving threatening calls after his old pickup truck appeared in a jihadist video in Syria. The Ansar Al-Deen terrorist group used his truck in a propaganda video in Syria. Texas City plumber Mark Oberholtzer has been bombarded with calls, some hostile, since a truck he traded in at AutoNation was shown being used as a gun platform in Syria. (Galveston Daily Times)The Ansar Al-Deen Front, an independent Islamist group operating near Aleppo, Syria, posted video of the truck used in fighting.http://www.youtube.com/watch?v=BLSN0pDqABMFOX News reported: A Texas plumber has been receiving threats after a photo emerged of Islamic...
  • Putin Gave A Surreal End-Of-Year News Conference

    12/18/2014 7:43:46 AM PST · by SeekAndFind · 22 replies
    Business Insider ^ | 12/18/2014 | Pamela Engel
    Russian President Vladimir Putin held a three-hour news conference on Thursday, speaking about his country's economy and the collapse of the ruble.The interview which had a bunch of bizarre and clever moments also addressed Russia's conflicts with the West.Several English-speaking journalists, including Max Seddon of BuzzFeed and Paul Sonne of The Wall Street Journal, tweeted translations of Putin's statements, and NBC News carried a live stream with translation.Here are some highlights: Putin insisted that growth was "inevitable" and that Russia could dig out of its economic crisis in two years at most.He refused to call the ruble's collapse...
  • Sony stuck in 1992″ after hacks except for Macs, iPads and iPhones

    12/18/2014 7:38:04 AM PST · by Star Traveler · 23 replies
    9-to-5 Mac ^ | Thursday, December 18, 2014 | Staff
    A Sony employee has described the company as being “stuck in 1992″ following the massive hacks, with employees desperately trying to avoid using any technology that could be compromised, reports TechCrunch. There has, though, been one exception to the ban on modern technology: Apple kit. “People using Macs were fine,” she said. She said most work is done on iPads and iPhones. Sony may need to buy a few extra Macs, with some departments having only one or two computers for the entire office. It is, she said, like “living in an office from ten years ago.”
  • A Downhill Run for the Dollar in 2015

    12/18/2014 7:37:48 AM PST · by GilGil · 11 replies
    Gold-Eagle ^ | 12/17/2014 | John Williams
    "I'll give you a couple of things to look for in 2015. Fundamental economic activity as measured in areas such as retail sales, industrial production, housing starts, payroll numbers and the broadest measure of unemploymentall those numbers are going to deteriorate. The economy is going to head down as we get into reporting in early 2015. Along with that will come renewed expectations of action by the Federal Reserve to accommodate the financial system, particularly the banking system, and the combination of those factors will, I believe, help to trigger a massive decline in the U.S. dollar. As a result...
  • Coalition of Wisconsin business owners opposes right-to-work plan

    12/18/2014 7:11:31 AM PST · by TurboZamboni · 9 replies
    Pioneer Press/AP ^ | 12-17-14 | scotty bauer
    MADISON, Wis. -- A newly formed coalition of more than 300 construction-related private businesses in Wisconsin announced Wednesday that it will work to defeat a right-to-work proposal being discussed by Republican leaders in the Legislature. Formation of the group comes as talks proceed behind the scenes among Republicans who control the Legislature about the timing of a right-to-work bill and what form it may take. Gov. Scott Walker repeated his message Wednesday, during a brief speech to Republican state senators in the Capitol, that he sees right-to-work as a distraction from his agenda. He told lawmakers he wants them focused...
  • Switzerland brings in negative interest rates to keep Swiss franc weaker as Russia mayhem prompts

    12/18/2014 7:09:33 AM PST · by C19fan · 9 replies
    UK Daily Mail ^ | December 18, 2014 | Tanya Jefferies
    The Swiss central bank plans to charge depositors a 'negative' interest rate of -0.25 per cent to discourage spooked investors from using it to shelter their cash. Money has flooded into Switzerland as market turbulence caused by the Russian rouble collapse and oil price slide has prompted a desperate search for safe havens in recent days. The Swiss National Bank said it would slash its interest rate on balances of over 10million Swiss francs from January 22 - effectively imposing a charge on depositors wanting to hold francs in a bid to keep its currency artificially weak against the euro.
  • How Andrew Cuomo Wants to Impoverish New Yorkers: Why did his Dept. of Health ban fracking?

    12/18/2014 6:59:57 AM PST · by SeekAndFind · 17 replies
    National Review ^ | 12/18/2014 | Jillian Kay Melchior
    Thanks to an announcement from the state Department of Health today, New Yorkers will miss out on a multi-billion-dollar industry that has made other states rich. The decision, a ban on fracking, has little to do with sound science and much more to do with the political cowardice of New Yorks leaders, the politicization of state agencies, and the political activism of radical environmentalists. The story begins about six years ago, when Governor David Paterson decided to refer a politically controversial decision about fracking to state agencies, ordering a study while instituting a de facto fracking ban. His successor,...
  • Oil drop sends major central banks in different directions

    12/18/2014 6:58:19 AM PST · by mac_truck
    Reuters ^ | 12/18/2014 | Paul Carrel, Mike Peacock and Howard Schneider
    The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are focused on the likely boost to growth and consumption from markedly lower energy prices and the later upward impact that should have on inflation. But for the European Central Bank, battling to revive a moribund economy, the worry is whether cheap oil could tip the euro zone...
  • U.S. jobless claims point to firmer labor market: Down by 6,000 to seasonally adjusted 289,000

    12/18/2014 6:45:16 AM PST · by SeekAndFind · 9 replies
    Yahoo Finance ^ | 12/18/2014 | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday. The report came a day after the Federal Reserve offered an upbeat assessment of the labor market and the broader economy, and signaled it could start raising interest rates next year. The U.S. central bank, which has kept its short-term interest rate near zero since December 2008, lowered its unemployment rate forecast on...
  • North Sea oil industry 'close to collapse'

    12/18/2014 6:24:01 AM PST · by Oldeconomybuyer · 20 replies
    BBC News ^ | December 18, 2014 | By Ben King
    The UK's oil industry is in "crisis" as prices drop, a senior industry leader has told the BBC. Oil companies and service providers are cutting staff and investment to save money. Robin Allan, chairman of the independent explorers' association Brindex, told the BBC that the industry was "close to collapse". Almost no new projects in the North Sea are profitable with oil below $60 a barrel, he claims. "It's almost impossible to make money at these oil prices", Mr Allan, who is a director of Premier Oil in addition to chairing Brindex, told the BBC. "It's a huge crisis." "It's...
  • Pharmacy Executives Face Murder Charges in Meningitis Deaths

    12/18/2014 5:57:10 AM PST · by jalisco555 · 10 replies
    New York Times ^ | 12/17/14 | JESS BIDGOOD and SABRINA TAVERNISE
    BOSTON Two senior executives of a Massachusetts compounding pharmacy were charged Wednesday with racketeering and murder in the production of tainted drugs that killed 64 people and sickened hundreds of others across the country with fungal meningitis in the fall of 2012. The United States attorneys office here charged Barry J. Cadden, an owner of New England Compounding Center Inc. and the head pharmacist, and Glenn A. Chin, a supervisory pharmacist, with 25 acts of second-degree murder in seven states Florida, Indiana, Maryland, Michigan, North Carolina, Tennessee and Virginia. Senior N.E.C.C. pharmacists knew that, despite the filthy conditions...
  • Heritage event: "And Now for a Congressional Growth Agenda"

    12/18/2014 5:53:57 AM PST · by iowamark · 1 replies
    Economic growth in this recovery has averaged only half the rate of past World War II recessions. Average wages haven't risen in seven years. And most Americans are worried that the economic future for their children will be worse, not better than now. What does the new Republican Congress in 2015 need to do to pump up growth? How should it reform the tax code? Join us as our panel of experts explores these questions and debates possible solutions moving into the new Congressional year. Hosted By Stephen Moore, Chief Economist Speakers: Carly Fiorina Former CEO, Hewlett-Packard Company, and President,...
  • NIH Blows $1.3 Billion On Failed Children's Health Study

    12/18/2014 4:27:09 AM PST · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 12/17/2014 | IBD Staff
    Government Waste: The good news is the National Institutes of Health pulled the plug on a national children's health study because it was fatally flawed. The bad news is they wasted 10 years and $1.3 billion before they admitted it. Congress mandated the National Children's Study as part of the Children's Health Act of 2000. The idea was to follow 100,000 newborns across the nation in places ranging from urban California to the Florida swamps until they turned 21, and measure how environmental and other factors affected their health. Yet for the past 14 years, all the NIH...
  • Russia: Falling Ruble Causes Businessman to Commit Suicide in Moscow Hotel

    12/18/2014 2:54:48 AM PST · by TigerLikesRooster · 4 replies
    Sputnik News ^ | Dec. 17, 2014
    Falling Ruble Causes Businessman to Commit Suicide in Moscow Hotel 10:22 17.12.2014(updated 10:40 17.12.2014) Yesterdays Russian stock exchange panic caused a co-founder of a financial company to kill himself in one of Moscows top hotels - Hotel National. MOSCOW, December 17 (Sputnik) A businessman, who owned a stake in an investment enterprise, committed suicide in Hotel National Moscow yesterday night, having shot himself in the head. Police are investigating the incident. The late Ivan Shervashidze left a suicide note and his last will. According to some reports, he owned a business selling musical instruments and equipment and co-owned a...
  • Obama: Go to the movies

    12/18/2014 12:35:09 AM PST · by Cincinatus' Wife · 23 replies
    The Hill ^ | December 17, 2014 | Justin Sink
    President Obama on Wednesday said he did not believe Americans needed to be concerned by threats issued to movie theaters, even as Sony Pictures made the decision to pull its controversial comedy The Interview amid threats of terrorism. For now, my recommendation would be: Go to the movies, Obama said Wednesday in an interview with ABC News. The president said his administration was taking very seriously the cyber attack against the movie studio, which unleashed a trove of internal emails and documents, and pledged a thorough federal investigation into the breach. On Wednesday, multiple media outlets citing U.S. intelligence officials...
  • McDonald's Japan rations fries as U.S. West Coast port dispute drags on

    12/17/2014 11:48:30 PM PST · by iowamark · 9 replies
    Reuters ^ | 12/15/2014
    TOKYO (Reuters) McDonalds Holdings Co (Japan) Ltd has embarked on the emergency measure of only offering small-sized french fries to customers as a protracted labor dispute at U.S. West Coast ports has contributed to long delays in imports. The fast-food chain said it was importing more than 1,000 tonnes of frozen fries by air, which began arriving last Monday and had begun routing another 1,600 tonnes through ports on the U.S. East Coast which should begin arriving in late January. Those steps alone, however, are not sufficient to prevent a shortage. Unfortunately without this sales restriction step, we would...
  • Poll: 80 Percent Back Putin Even as Ruble Falls

    12/17/2014 9:25:50 PM PST · by Bettyprob · 57 replies
    The New York Times ^ | Dec. 18, 2014 | The Associated Press
    MOSCOW From a Western perspective, Vladimir Putin's days as president of Russia should be numbered: The ruble has lost more than half its value, the economy is in crisis and his aggression in Ukraine has turned the country into an international pariah. And yet most Russians see Putin not as the cause, but as the solution. The situation as seen from a Russian point of view is starkly different from that painted in the West, and it is driven largely by state television's carefully constructed version of reality and the Kremlin's methodical dismantling of every credible political alternative. As...
  • SONY PULLS THE PLUG ON 'THE INTERVIEW'

    12/17/2014 3:00:12 PM PST · by SeekAndFind · 105 replies
    TMZ ^ | 12/17/2014 | TMZ Staff
    Sony has pulled the plug on the XMAS release of "The Interview," after a number of theater chains bailed. Sony execs felt their out was if distributors yanked the film because of safety concerns. That would give Sony an out without directly bending to the hackers. Sony just released a statement, saying, "In light of the decision by the majority of our exhibitors not to show the film The Interview, we have decided not to move forward with the planned December 25 theatrical release." The statement goes on, saying, "We are deeply saddened at this brazen effort to suppress the...
  • Socialize Uber [Collectivism Barf Alert]

    12/17/2014 1:50:58 PM PST · by oblomov · 9 replies
    The Nation ^ | 29 December 2014 | Mike Konczal and Bryce Covert
    In response to a wave of bad behavior by the popular ride-sharing service Uberwith one executive suggesting digging up dirt on journalists who write negative articles about the companymany advocated a switch to Ubers competitor, Lyft. But this approach ignores the fact that Ubers abuses are baked into how sharing companies operate, a way of doing business that is shared by its competitors. More important, it misses a way to transform these companies that is right there in front of us: by socializing ownership among their workers. Cutting through the marketing BS of Silicon Valley is a good goal for...
  • Traders Betting Russias Next Move Will Be to Sell Gold

    12/17/2014 1:49:34 PM PST · by OneLoyalAmerican · 26 replies
    Zerohedge ^ | Tyler Durden | 12/17/2014
    "Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.
  • ObamaCare fines loom for uninsured

    12/17/2014 1:31:28 PM PST · by 2ndDivisionVet · 42 replies
    The Hill ^ | December 17, 2014 | Elise Viebeck
    (VIDEO-AT-LINK) People without insurance are running out of time to avoid the hefty ObamaCare penalties that the IRS will be handing down in 2016. Consumers face a Feb. 15, 2015, deadline to buy insurance, after which those without coverage could be hit with fines of $325 per adult or 2 percent of family income, whichever is higher. Uninsured people looking to escape the penalties are turning to the exchanges before they close, while insurance companies and tax preparers are seizing on the looming tax hit as a business opportunity. One recent mass mailer from CareFirst BlueCross BlueShield obtained by The...
  • Is Ruble Collapse Act of War-Paul Craig Roberts

    12/17/2014 12:58:34 PM PST · by GilGil · 44 replies
    USAWatchDog ^ | 12/17/2014 | Paul Craig Roberts
    On the teetering economy and possible economic collapse, Dr. Roberts says, We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositors money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of...
  • $4.20 Per Pound: Price of Ground Beef Climbs to Another Record

    12/17/2014 10:49:54 AM PST · by C19fan · 72 replies
    CNS News ^ | December 17, 2014 | Ali Meyer
    The average price of a pound of ground beef climbed to another record high -- $4.201 per pound -- in the United States in November, according to data released today by the Bureau of Labor Statistics (BLS). In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS. In September, the average price jumped to $4.096 per pound, and in October, the average price climbed to $4.154 per pound. In November, the average price hit the highest price ever recorded -- $4.201 per pound.
  • Yes, Michelle, It's Because You're Black

    12/17/2014 10:23:51 AM PST · by Kaslin · 83 replies
    Townhall.com ^ | December 17, 2014 | John Ransom
    Michelle Obama wants you to feel bad for her, and for Barack, because they are black. I think people forget that weve lived in the White House for six years, Michelle says in People Magazine. Before that, Barack Obama was a black man that lived on the South Side of Chicago, who had his share of troubles catching cabs. Oh, the horror. Why didnt the emperor clean up Chicago neighborhoods with his pen and his phone while he was there? Cabs likely would have stopped more frequently if the city, especially the South and West Sides, wasn't infested by crime....
  • Cuomo to Ban Fracking in New York State, Citing Health Risks

    12/17/2014 10:03:02 AM PST · by Behind Liberal Lines · 100 replies
    ALBANY The Cuomo administration announced Wednesday that it would ban hydraulic fracturing in New York State, ending years of uncertainty by concluding that the controversial method of extracting gas from deep underground could contaminate the states air and water and pose inestimable public-health risks... That conclusion was delivered publicly during a year-end cabinet meeting called by Gov. Andrew M. Cuomo in Albany. It came amid increased calls by environmentalists to ban fracking, which uses water and chemicals to release natural gas trapped in deeply buried shale deposits.
  • Panic on the streets of Russia: Worried shoppers queue to panic-buy big-ticket items amid fears

    12/17/2014 8:33:35 AM PST · by C19fan · 53 replies
    UK Daily Mail ^ | Decemeber 17, 2014 | Chris Pleasance
    Russia shoppers have been panic-buying everything from cars to flat pack furniture today after stores warned of price hikes at the weekend following a sharp fall in the value of the rouble. Several Ikea stores have been forced to close after the company warned its prices will go up from tomorrow, while cars and home appliances have been bought in record numbers. The rouble has slid 15 per cent in just two days, hitting an all-time low of 80 to the dollar at one point yesterday, prompting fears of a run on Russian banks.
  • What the Hell Is a Conventional Currency Unit? (Russia)

    12/17/2014 8:02:58 AM PST · by C19fan · 6 replies
    Vocatix ^ | December 16, 2014 | Sarah Kaufman
    Russians are saying ooh yeh to the collapse of their currency, but its not as positive as it might sound to Western ears. As the value of the ruble goes into free fall, Russians are preparing for a return to the economic chaos of the 90s. At a retail level, it means that store managers across Russia are rewriting their price tags in a currency Russians call a conventional currency unit. In Russian, the phrase for conventional currency unit is uslovnaya yedinitsaabbreviated to an acronym pronounced ooh yeh.
  • Yes, Venezuela could collapse if oil keeps dropping

    12/17/2014 6:44:33 AM PST · by SeekAndFind · 43 replies
    American Thinker ^ | 12/17/2014 | Silvio Canto Jr.
    The drop in gasoline prices is a wonderful Christmas present for U.S. consumers.  It's great up here, but keep an eye on Venezuela.  The country could collapse if prices keep dropping. TIME magazine has a good summary about the mess in Caracas: The economic dysfunction and falling price of oil leaves Maduro in a tough spot. He lacks both the political will and popularity to push through meaningful reforms to push Venezuela’s economic house in order. At the same time, he is being increasingly squeezed by the weakness in the oil price. Hugo Chávez was luckier. At the height of...
  • More than 500 rigs may shut down as oil slides, analysts say

    12/17/2014 6:33:10 AM PST · by thackney · 9 replies
    Fuel Fix ^ | December 17, 2014 | Collin Eaton
    As many as 550 drilling rigs may have to sit on the sidelines of U.S. shale oil patches over the next few months, analysts say, as oil prices have folded nearly in half since this summer. The projections come a few days after Texas drilling rigs led the nation in a 1.4 percent weekly decline in the U.S. active rig count, according to oil field services firm Baker Hughes. Oil companies cut 20 rigs in the Permian Basin, a sharp turnaround from the flurry of rigs and hydraulic fracturing equipment that had rushed to West Texas earlier this year. We...
  • First job for new Republican Senate is Keystone XL: McConnell

    12/17/2014 5:41:54 AM PST · by mac_truck · 42 replies
    Reuters ^ | 12/16/2014 | Staff
    The new Republican-controlled Senate's first act in January will be approval of the Keystone XL pipeline, Republican leader Mitch McConnell said on Tuesday. McConnell told reporters that the bill would be based on a measure that failed in the Senate last month that was co-sponsored by North Dakota Republican John Hoeven and Louisiana Democrat Mary Landrieu. "It'll be open for amendment," McConnell said. "I will hope that senators on both sides will offer energy-related amendments but there'll be no effort to try to micromanage the amendment process." Landrieu pushed for a Keystone vote in November in a last-ditch effort to...
  • Russia risks Soviet-style collapse as rouble defence fails

    12/17/2014 4:51:27 AM PST · by elhombrelibre · 31 replies
    Daily Telegraph ^ | Ambrose Evans-Pritchard
    Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after "shock and awe" action by the central bank failed to stem the collapse of the rouble. The situation is critical, said the central banks vice-chairman, Sergei Shvetsov. What is happening is a nightmare that we could not even have imagined a year ago."
  • Convenience Store Owner The Pantry Nears Deal to Be Sold

    12/17/2014 4:48:33 AM PST · by Perdogg · 3 replies
    Southeastern convenience-store chain The Pantry Inc. is nearing a deal to be sold, according to people familiar with the matter. The Cary, N.C., company, which does business primarily under the Kangaroo Express banner, has a market value of $685 million, at Tuesdays closing. Using a typical takeover premium, an acquisition of the company could value it at more than $850 million.
  • US Army Will Start Selling Surplus Humvees to the Public Starting Tomorrow

    12/16/2014 10:05:00 PM PST · by Spktyr · 33 replies
    CarBuzz ^ | 16 Dec 2014 | Jay Traugott
    Yes, this is happening. Because the US Army needs a few extra bucks. Thats why. Very soon you will be able to buy a surplus Army-issue Humvee at prices starting around $10,000. Yep, this is the real deal. According to Yahoo News and the Army Times, the US Department of Defense will auction off as many as 4,000 military-spec Humvees, instead of sending them to scrap yards. The first batch of 25 Humvees is heading to the auction block tomorrow. Obviously these retired vehicles arent in perfect condition, most having been built between 1987 and 1994. They have anywhere from...
  • RUSSIA'S SINKING ECONOMY BECOMING A GLOBAL THREAT

    12/16/2014 3:14:47 PM PST · by Star Traveler · 87 replies
    Associated Press ^ | Tuesday, December 16, 2014 | Josh Boak
    WASHINGTON (AP) -- Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia's action in Ukraine. The alarming 10 percent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations - a move that would inflict hundreds of billions...
  • Sense or Sabotage? Russia's Central Bank Takes Flak for Interest Rate Hike

    12/16/2014 1:22:46 PM PST · by Tailgunner Joe · 25 replies
    themoscowtimes.com ^ | December 16, 2014 | Delphine d'Amora
    The Central Bank's midnight decision to hike Russia's key interest rate to 17 percent set off clashing waves of support and opprobrium Tuesday as Russia struggled to come to terms with its new economic reality. The regulator's decision to raise rates by 6.5 percent followed the ruble's 10 percent nosedive against the U.S. dollar on Monday, its steepest single-day decline since the financial crisis of 1998. Despite the measure, the Russian currency fell sharply on Tuesday, at one point weakening 20 percent to touch a new low of 80 rubles to the dollar. Western sanctions over the Ukraine crisis, oil...
  • Sony hackers threaten 9/11 attack on movie theaters that screen The Interview

    12/16/2014 11:39:33 AM PST · by servo1969 · 80 replies
    foxnews.com ^ | 12-16-2014 | Variety Staff
    In the most shocking development yet, the Sony attackers have threatened a 9/11-like attack on movie theaters that screen Seth Rogen and James Francos North Korean comedy The Interview. They also released the promised Christmas gift of files. The contents of the files are unknown but its called Michael Lynton, who is the CEO of Sony Pictures Entertainment. The world will be full of fear, the message reads. Remember the 11th of September 2001. We recommend you to keep yourself distant from the places at that time. (If your house is nearby, youd better leave.) Whatever comes in the coming...
  • Housing Starts, Building Permits Fall in November

    12/16/2014 11:32:55 AM PST · by ConservingFreedom · 1 replies
    foxbusiness.com ^ | December 16, 2014 | Lucia Mutikani
    U.S. housing starts and permits fell in November, but the underlying trend remained consistent with an improving housing market. Groundbreaking declined 1.6 percent to a seasonally adjusted annual 1.028 million-unit pace, the Commerce Department said on Tuesday. November's starts were revised up to a 1.045 million-unit rate. Economists polled by Reuters had forecast starts rising to a 1.04 million-unit rate from October's previously reported 1.01 million-unit pace. Housing continues to be stymied by tepid wage growth, which has been far outpaced by home price increases. Higher mortgage rates are also a constraint, although they have since declined from a peak...
  • Elizabeth Warrens Faux Populism vs. Jeb Hensarlings Genuine Fight against K Street Cronyism

    12/16/2014 11:29:50 AM PST · by dontreadthis · 4 replies
    International Liberty ^ | December 15, 2014 | Dan Mitchell
    Lets compare two politicians, Senator Elizabeth Warren of Massachusetts and Congressman Jeb Hensarling of Texas, to see which one actually has the courage to fight against powerful interest groups. Well start with Senator Warren. She portrays herself as the scourge of Wall Street, but it appears that the Massachusetts lawmaker isnt merely a fake Indian, shes also a fake opponent of corporate welfare.
  • Fiore claims compliance with IRS over tax liens (Nevada)

    12/16/2014 11:29:31 AM PST · by redreno · 9 replies
    http://www.reviewjournal.com ^ | 12/16/2014 | By SEAN WHALEY
    CARSON CITY Las Vegas Republican lawmaker Michele Fiore, a lightning rod in an ongoing Assembly GOP power struggle, said Tuesday she is fully in compliance with the Internal Revenue Service over more than $1 million in tax liens against her home health care businesses. In her first comments on the controversy, Fiore appeared on the Alan Stock radio show on KDWN in Las Vegas, saying her actual active liens total less than $200,000. Liens dating back to 2003 had previously been resolved, she said. Fiore said her lien problems stemmed from a dishonest bookkeeper, who she said is facing...
  • Attack on Movie Theaters That Screen The Interview

    12/16/2014 11:23:36 AM PST · by bimboeruption · 30 replies
    Variety ^ | 12-16-2014 | Brent Lang
    The Sony hackers have threatened a 9/11-like attack on movie theaters that screen Seth Rogen and James Francos North Korean comedy The Interview, substantially escalating the stakes surrounding the release of the movie. The attackers also released the promised Christmas gift of files. The contents of the files are unknown but its called Michael Lynton, who is the CEO of Sony Pictures Entertainment. The world will be full of fear, the message reads. Remember the 11th of September 2001. We recommend you to keep yourself distant from the places at that time. (If your house is nearby, youd better leave.)...
  • Saudi Arabias oil war against Iran and Russia

    12/16/2014 11:13:56 AM PST · by Star Traveler · 47 replies
    The New York Post ^ | Sunday, December 14, 2014 | Ralph Peters
    This week, oil fell through the price floor of $60 a barrel and gas at my local filling station was $2.26 a gallon. Thats great news for commuters and almost every business, but wonderfully bad news for our ugliest enemies. This price plunge has been driven by Saudi Arabia, OPECs dominant power. While its true that part of Riyadhs actions respond to the energy renaissance in North America, the greater motivation is breaking Irans will. The Saudis believe they can no longer rely on the US to contain Tehrans imminent nuclear threat, so theyre out to do what our lukewarm...
  • Yamana (Gold) announces signficant new discoveries at Chapada and El Penon mines

    12/16/2014 10:59:26 AM PST · by MeneMeneTekelUpharsin · 5 replies
    Yahoo Finance ^ | 16 December 2014
    TORONTO, ONTARIO--(Marketwired - Dec 15, 2014) - YAMANA GOLD INC. (YRI.TO) (AUY) ("Yamana" or "the Company") today announced a new vein discovered at El Pen and the best drill intersections in the history of Chapada, immediately west of the main pit. At El Pen the new north-south vein, named Ventura, is expected to lead to expansion of the mineral resource base at what appears to be high grades. The results at Chapada, from the newly discovered mineralization named Sucupira, continue to support the potential of a much larger district of mineralization, which could also significantly expand mineral resources. In both...
  • Collapse in oil prices: producers howl, consumers cheer, economists fret

    12/16/2014 9:55:53 AM PST · by Star Traveler · 27 replies
    The Guardian ^ | Tuesday, December 16, 2014 | Staff
    The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has analysts arguing over whether this is a good or bad thing. The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. The price of a barrel of oil is just under $56, down from a summer high of $107, and lower than at any time since the US was still in recession...
  • Oil price drop means lost billions for Canada, CIBC says

    12/16/2014 9:42:00 AM PST · by Star Traveler · 18 replies
    CBC News ^ | Tuesday, December 16, 2014 | Pete Evans
    The dramatic decline in oil prices will cost Ottawa about $5 billion in lost revenue and provincial economies a little more than that, one of Canada's biggest banks suggested today. That's one of the main takeaways from a CIBC report that attempts to quantify the impact of plunging oil prices on many aspects of Canada's economy. "The recent dive in crude oil prices is an unprecedented development for the Canadian economy," the report by CIBC economists Avery Shenfeld, Peter Buchanan and Warren Lovely says. There's a broad consensus that the declining price of oil is bad economic news for Canada,...
  • Layoffs begin today at The New York Times

    12/16/2014 9:14:17 AM PST · by Zakeet · 50 replies
    Capital New York ^ | December 16, 2014 | Nicole Levy
    Job cuts at the New York Times will exceed the stated goal of 100 newsroom positions eliminated, the Newspaper Guild of New York said yesterday in a memo to union members. According to the guild, the Times said yesterday it will lay off 21 union-represented employees starting as early as today, after 57 guild members and roughly 30 non-guild members accepted buyout applications. That amounts to more than the 100 newsroom positions the newspaper said it needed to eliminate as a cost-cutting measure on Oct. 1.
  • Scranton Pennsylvania on the Road to Bankruptcy

    12/16/2014 8:23:06 AM PST · by Kaslin · 32 replies
    Townhall.com ^ | December 16, 2014 | Mike Shedlock
    The city of Scranton hiked property taxes 57% and garbage collection fees 69% to shore up a police and fire pension funds that will run out of money anyway, in 5 years and 2.5 years respectively. Amusingly (to outsiders) but certainly not to Scranton taxpayers, Scranton Pensions Increased as Much as 80 Percent as a result of inane mayoral promises. The 2011 court ruling that awarded huge raises and millions of dollars in back pay to Scranton firefighters and police officers was a windfall for retirees too, with some seeing a more than 80 percent hike in their pensions between...
  • Black Gold Loses Glitter

    12/16/2014 7:55:22 AM PST · by Kaslin · 25 replies
    Townhall.com ^ | December 16, 2014 | Peter Schiff
    The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments. Economists are scratching their heads to determine if the drop is good or bad for the economy or whether cheap oil will add to or decrease unemployment, or complicate the global effort to "defeat" deflation. While all of these issues merit detailed discussions, the first question to address is if the steep drop is here to stay and whether energy prices will stay low enough, for long enough, to...
  • Price Of Gasoline Drops Below $2 A Gallon In Tulsa Metro

    12/16/2014 7:12:51 AM PST · by Star Traveler · 26 replies
    News on 6 [Tulsa] ^ | Russell Hulstine
    Gasoline prices are falling across northeast Oklahoma and at many convenience stores, it is now below $2 a gallon. Tuesday morning, News On 6 viewers began sending us photos of $1.99 gas prices at QuikTrips across the Tulsa area. Viewers are also reported Kum & Go's in Tulsa area communities are also selling gasoline at $1.99 a gallon. And the lower price for gasoline is not just in the Tulsa area, a South Coffeyville gas station has gas at $1.97 a gallon.
  • The Business of Urban Farming Takes Root in Detroit

    12/16/2014 7:02:04 AM PST · by Lorianne · 23 replies
    Entreprenueur ^ | 02 December 2014
    Greg Willerer may not seem like your average entrepreneur. The once full-time school teacher quit his job to follow his passion for farming in the most unlikely of places. Located not far from Downtown Detroit, Willerer launched his urban farming business on just one acre of land. During his first year, Willerer earned almost the equivalent of his teaching salary. His venture, Brother Nature Produce, sells locally grown produce to restaurants across Detroit. They recently received a $10,000 grant to help grow their business from the New Economy Initiatives small business challenge, and his farm was among one of five...