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Business/Economy (News/Activism)

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  • Burger King Buyout of Tim Horton to Avoid Taxes

    08/27/2014 6:54:36 AM PDT · by econjack · 7 replies
    Yahoo Finance ^ | 8/27/2-14 | Rick Newman
    Small, medium or large? The amount of outrage over Burger King’s deal to buy a Canadian donut chain could possibly determine whether the deal goes through — and helps Burger King dodge millions of dollars in U.S. taxes.
  • Government's green monster

    08/27/2014 6:22:37 AM PDT · by rktman · 5 replies
    wnd.com ^ | 8/27/2014 | John Stossel
    Thanks, Environmental Protection Agency! You’ve required sewage treatment plants, catalytic converters on cars and other things that made the world cleaner than the world in which I grew up. Good work. Today, America’s waterways are so much cleaner that I swim in New York City’s once-filthy Hudson River – right beside skyscrapers in which millions of people, uh, flush. The air we breathe is also cleaner than it’s been for 60 years. In a rational world, environmental bureaucrats would now say, “Mission accomplished. We set tough standards, so we don’t need to keep doing more. Stick a fork in it!...
  • Harry Reid’s Kingly Tax Dodge

    08/27/2014 6:19:26 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | August 27, 2014 | John Ransom
    Harry Reid is in love with one of the easiest tax dodges out there. He’s been buying –-gasp!!—municipal bonds, which of course every investor knows denies federal income tax from being paid to the patriotic hardworking citizens of the United States via the U.S. Treasury on the income created from the interest rate carried on the debenture. I don’t know how long the government will put up with this loophole whereby the federal government allows some citizens, like Reid, to make really stupid investment choices in the name of tax-free investment, but I can say this: If you have reasonable...
  • $13 minimum wage in Chicago

    08/27/2014 6:12:17 AM PDT · by Paul46360 · 17 replies
    WLS AM ^ | 8-26-14 | Bill Cameron, 89 WLS News.
    (Chicago) Mayor Emanuel is vowing to phase-in a higher minimum wage in Chicago than Springfield politicians are planning for the entire state. Rahm says he’ll push for a $13 minimum wage in Chicago even if the state enacts its pending ten dollar minimum wage.
  • The FDA's New Food Regulations Are A Recipe For High Food Prices

    08/27/2014 5:33:40 AM PDT · by SoFloFreeper · 9 replies
    Forbes ^ | 8/22/14 | Julie Gunlock
    Food prices continue to go up and consumers are feeling the pinch. According to the Bureau of Labor Statistics, the price of food has spiked to its highest rate since September 2011. Consumers are now paying more for such staples as ground beef, chicken and turkey, eggs, bacon, citrus fruit, coffee, peanut butter, and margarine. Normally, politicians would try to alleviate this financial strain on American families. Yet, this administration seems to want to make food more expensive.
  • Margin Debt & Trends

    08/27/2014 5:16:31 AM PDT · by VA Voter · 1 replies
    armstrongeconomics.com ^ | 8/27/2014 | Martin Armstrong
    The debate over the pending crash in the stock market seems endless. Whether or not margin debt as reported by the NYSE has relevance any more is an interesting question in a world in which the retail investor has abandoned investing (decline in liquidity). The real marginal buyers are hedge funds and some banks while the cash buyers remain central banks. The make-up of the market has changed and the interest rates are well below even many dividends. So talking about total margin debt nearing $500 billion cannot be compared just on a nominal basis. Yes, we may yet see...
  • Opinion: Who wants to invest in Ferguson now?

    08/27/2014 3:49:44 AM PDT · by 2ndDivisionVet · 53 replies
    Market Watch ^ | August 27, 2014 | David Weidner
    Shellena Eskridge: ‘We need role models. We need an entire change for the better. We need economic change.’FERGUSON, Mo. — This town is already cleaning up. The streets are litter-free. The windows are being repaired. Now the question is, can this small community be able to draw new business, and will anyone stay? And it’s a question not just for Ferguson but for St. Louis as a whole. Negative attention from more than two weeks of protests over the death of Michael Brown brought the region’s deep-seated racial, economic and social problems into the national spotlight. And not in a...
  • BDS Victory Over SodaStream Equals 900 Palestinians Out of Work (moving out of West Bank to Negev)

    08/26/2014 9:20:46 PM PDT · by Olog-hai · 43 replies
    Shalom Life ^ | August 26th, 2014 | Daniel Koren
    One of the biggest news stories that accompanied the start of 2014 was Scarlett Johansson being named as the global ambassador of SodaStream, an Israeli company based out of the West Bank settlement of Ma’ale Adumim, which develops home carbonation systems that allow users to convert tap water into sparkling water, in more than 100 flavors. […] Now, it seems the supporters finally have their wish: SodaStream has announced, in a reported non-political move, that they are moving the factory from the West Bank to a land that indisputably belongs to Israel (unless you’re a member of Hamas or ISIS),...
  • Gerald Celente: Politics is showbiz for ugly people

    08/26/2014 6:05:26 PM PDT · by GilGil · 17 replies
    Youtube ^ | 08/20/2014 | Gerald Celente
    What is driving the mad march toward World War III? Gerald Celente and Rick discuss the question.
  • USC CB Josh Shaw Hurts Himself Saving Nephew…Or Beating Girlfriend

    08/26/2014 5:25:45 PM PDT · by afraidfortherepublic · 9 replies
    Daily Caller ^ | 8-26-14 | Seth Richardson
    University of Southern California cornerback Josh Shaw is a real American hero. He’s currently sidelined with two high ankle sprains after jumping out of a second story window to save his drowning cousin who was in a pool but couldn’t swim, according to ESPN. “I would do it again for whatever kid it was, it did not have to be my nephew,” Shaw told ESPN. “My ankles really hurt, but I am lucky to be surrounded by the best trainers and doctors in the world. I am taking my rehab one day at a time, and I hope to be...
  • DEA payments to Amtrak employee being investigated

    08/26/2014 4:09:48 PM PDT · by afraidfortherepublic · 9 replies
    ABC News ^ | 8-26-14
    Hundreds of thousands of dollars in alleged payments by Drug Enforcement Administration personnel to an Amtrak employee are being investigated by the Justice Department inspector general's office. The announcement by Jay Lerner, a spokesman for the IG's office, follows the disclosure by Amtrak's inspector general that DEA paid an Amtrak secretary $854,460 over nearly 20 years to obtain confidential information about train passengers that the drug-fighting agency could have lawfully obtained for free through a law enforcement network. The Amtrak IG's report says that under a joint drug enforcement task force that includes the DEA and Amtrak's own police agency,...
  • Florida school district replaces football chaplains with "life coaches"

    08/26/2014 4:02:28 PM PDT · by afraidfortherepublic · 11 replies
    Fox News ^ | 8-26-14 | Todd Starnes
    Troy Schmidt’s jaw dropped. A few minutes before, he had been preparing to start his seventh year as chaplain for the Olympia High School football team in Florida. But now, those plans had been changed – radically changed. “I received a call from the coach,” Schmidt told me. “He said Orange County Public Schools is no longer allowed to have chaplains as a part of the football program.” Schmidt, who is a campus pastor of the First Baptist Church of Windermere, Florida, listened as the football coach explained the district’s decision to cleanse Christianity from its ranks. “I could no...
  • Lois Lerner's Blackberry deliberately destroyed after start of congressional probe: IRS lawyer

    08/26/2014 3:57:39 PM PDT · by afraidfortherepublic · 73 replies
    Fox News ^ | 8-26-14 | Doug McKelway
    Lois Lerner’s Blackberry was intentionally destroyed after Congress had begun its probe into IRS targeting of conservative groups, a senior IRS lawyer acknowledged in a sworn declaration. Thomas Kane, Deputy Assistant Chief Counsel for the IRS, wrote in the declaration, part of a lawsuit filed by Judicial Watch against the IRS, that the Blackberry was "removed or wiped clean of any sensitive or proprietary information and removed as scrap for disposal in June 2012." That date - June 2012 - is significant because by that time, ex-IRS official Lerner had already been summoned before congressional staffers who interviewed her about...
  • Smartphone app reveals the politics in your shopping cart

    08/26/2014 3:56:03 PM PDT · by markomalley · 24 replies
    LA Times ^ | 8/25/2014 | Rebecca Bratek
    Herbal tea, Clorox wipes and Skippy peanut butter have a little blue in them, while Folgers coffee and Campbell's soup are as red as their labels. Finding out where your favorite brands lie on the political spectrum is now as easy as scanning bar codes with your iPhone. BuyPartisan, a free smartphone application developed by former Capitol Hill staffer Matthew Colbert, gives users the chance to learn more about the political leanings of the makers of supermarket items. By compiling campaign finance data from the top Fortune 500 companies and matching it with their products, the app lets consumers scan...
  • Obama’s Speech To The American Legion Was Painfully Awkward [VIDEO]

    08/26/2014 3:44:57 PM PDT · by afraidfortherepublic · 34 replies
    The Daily Caller ^ | 8-26-14 | Brendan Bordelon
    It wasn’t exactly the roaring, adoring, campaign-style crowd President Barack Obama is accustomed to. On Tuesday, the president spoke to the American Legion’s national convention, facing a crowd of veterans deeply concerned about widespread corruption at the Veterans Administration and the resultant deaths of some veterans awaiting health care. So when Obama began by lecturing the veterans about cynicism and explaining his most recent foreign policy choices — instead of addressing the VA crisis — the audience clearly wasn’t pleased. Fox News cameras captured a sea of blank or frowning faces looking silently back at the president as he paused...
  • Japan's GDP Shrinks 6.8% As Sales Tax Bites

    08/26/2014 3:04:29 PM PDT · by TigerLikesRooster · 10 replies
    Sky ^ | Aug 12, 2014
    Japan's GDP Shrinks 6.8% As Sales Tax Bites A sales tax rise takes its toll on spending by consumers and businesses but the painful effects are expected to be temporary. Efforts to shore up Japan's public finances have had a negative impact on its economy, with GDP shrinking 1.7% in the second quarter alone. A sales tax increase from 5% to 8%, which came into force in April, was blamed for the contraction in output during the period which came in at at annualised rate of 6.8%. The decline in GDP was the worst since the economic tailspin that followed...
  • Another Milestone: S&P 500 Closes Above 2,000 [for the first time in history]

    08/26/2014 3:00:30 PM PDT · by SeekAndFind · 13 replies
    ABC News ^ | 08/26/2014 | ALEX VEIGA
    It was a big round-number day for the stock market. The Standard & Poor's 500 index closed a hair above 2,000 points Tuesday, 16 years after it finished above 1,000 for the first time. The move extended the stock index's record-shattering run this year. The latest milestone comes as investors see new signs that the economy is strengthening, a driver of stronger company earnings. "There's perhaps a small psychological boost when you get over such a significant price level," said Cameron Hinds, regional chief investment officer at Wells Fargo Private Bank. U.S. stocks, in the midst of a five-year rally,...
  • Congress Is Overpaid And Underworked

    08/26/2014 2:12:01 PM PDT · by Olog-hai · 16 replies
    Daily Caller ^ | 1:58 PM 08/26/2014 | David Williams, President, Taxpayers Protection Alliance
    The American public is frustrated with Congress. There is a constant stream of bickering between the two parties and two chambers, while the country falls deeper into debt to the tune of $1.3 billion per day. Congressional approval ratings are an abysmal 13 percent. To top it all off, Congress is in the middle of a five-week recess. Followed by their return on September 8, where they are only expected to be in session for 15 days before they adjourn and head home to try and get re-elected. With such little action from our lawmakers and so much of their...
  • Add your name: Tell Congress to act on climate change [email from manbearpig]

    08/26/2014 2:04:54 PM PDT · by upchuck · 10 replies
    email | Aug 26, 2014 | Albert Gore
    You are receiving this message as an Obama for America supporter. The Democratic National Committee is solely responsible for the content of this message. Dear friend -- Folks like you know what I believe: We have no more important priority than confronting and solving the climate crisis. Luckily, we have a President who has taken up that task with both determination and seriousness of purpose, and it's amazing what a difference that can make. In June, President Obama empowered the Environmental Protection Agency to cut carbon pollution, a move which will help reduce dangerous CO2 from power plants by 30...
  • What are white folks to do? From Trayvon Martin to Michael Brown (Guess where she's headed?)

    08/26/2014 1:55:34 PM PDT · by 2ndDivisionVet · 57 replies
    Transformation - Where Love meets Social Justice ^ | August 26, 2014 | Claudia Horwitz
    Killings of unarmed black men are now commonplace in the USA. These tragedies are also opportunities for honest reflection on our role in dismantling white supremacy. Trayvon Martin was a 17-year old African American high school student who was shot and killed on February 26th 2012 by George Zimmerman, who was later found not guilty of his murder. Martin was unarmed. Florida’s “Stand Your Ground” law - which enshrines the right to self-defense even when lethal force is used against someone who doesn’t have a weapon and where there are no witnesses - played a prominent role in Zimmerman’s acquittal....
  • California Forces Farm Workers into Union

    08/26/2014 12:46:34 PM PDT · by afraidfortherepublic · 8 replies
    Washington Free Beacon ^ | 8-26-14 | Bill McMorris
    A group of Fresno farm workers is accusing the state of California of forcing them into the United Farm Workers union. Workers at Fresno-based Gerawan Farms held an election in November to determine whether or not they would remain in the UFW. However, those ballots were never counted. The Agricultural Labor Relations Board (ALRB) seized the ballots until it could investigate UFW allegations of voter impropriety. “We direct the regional director to forward to the Board and serve on all parties to the election all challenged ballot declarations and all other evidence in his possession relevant to the eligibility of...
  • Fraud: Virginia County Finds 17 Repeat Voters From 2012 Election

    08/26/2014 12:41:35 PM PDT · by afraidfortherepublic · 15 replies
    Townhall ^ | 8-26-14 | Cortney O'Brien
    Virginia County officials have discovered multiple instances of voter fraud from the 2012 presidential election. Seventeen to be exact. The Virginia Voters Alliance and Election Integrity Maryland launched the investigation in Fairfax County, Va. and Maryland. Here's how they revealed the fraud and pursued a follow up inquiry: Officials from Fairfax and Montgomery County, Md., identified dual voters by matching first and last names, dates of birth and Social Security numbers. Brian Schoenemann, secretary of the Fairfax County Electoral Board, said he sent letters and evidence to county Commonwealth Attorney Ray Morrogh, state Attorney General Mark Herring, U.S. Attorney Dana...
  • American Heart Association presses for strict federal controls on e-cigarettes

    08/26/2014 12:05:53 PM PDT · by Tolerance Sucks Rocks · 63 replies
    The Washington Times ^ | August 26, 2014 | Cheryl K. Chumley
    The American Heart Association says e-cigarettes are dangerous gateway products that cause nicotine addiction and should be subject to strict federal controls for minor-aged use. The group published its statement into the journal Circulation. Among its views: Ban e-cigarettes for minors, tightly regulate the product’s marketing and ban vapors that have flavors because they entice youngsters to try the product, Medical News Today reported.
  • Why more U.S. companies will flee to Canada

    08/26/2014 11:45:00 AM PDT · by TangledUpInBlue · 27 replies
    Yahoo Finance ^ | 8/26/14 | Rick Newman
    While members of Congress spent the last decade lobbing cow pies at each other, their counterparts in Canada were accomplishing what Washington should have been doing: streamlining the nation’s tax structure to attract more companies. It worked. Burger King (BKW), based in Miami, hopes to acquire the Tim Horton’s (THI) chain, based in Oakville, Ontario, and relocate the headquarters of the combined company to Canada. The so-called tax inversion that would be part of this deal would give the new firm a sizable tax break, on account of the lower rates in Canada. With many nations lowering their corporate tax...
  • High Negative Equity Among Gen X Homeowners Causing Housing Market Gridlock

    08/26/2014 11:37:43 AM PDT · by Lorianne · 42 replies
    Seeking Alpha ^ | 26 August 2014
    Generation X homeowners are far more likely to be underwater on their mortgage than millennial and Baby Boomer homeowners, a generational block that could limit the market for years, according to the second quarter Zillow® Negative Equity Reporti. The overall national negative equity rate fell to 17 percent in the second quarter, with more than 8.7 million homeowners with a mortgage owing more than their home was worth. Approximately 42.6 percent of Generation X homeowners (those aged from 35 to 49) are underwater on their mortgage, compared to 15.3 percent of millennial homeowners (20-34 years old) and 31.1 percent of...
  • "Tax Me More" Warren Buffett To Finance Burger King's Tax Inversion Deal

    08/26/2014 9:29:56 AM PDT · by SeekAndFind · 21 replies
    Zero Hedge ^ | 08/27/2014 | Tyler Durden
    President Obama would have proudly proclaimed Warren Buffett a true patriot in his bailing out of the banking system with expensive loans and his 'realization' that those earning more than $1 million should be tax-tax-taxed. However, the "Buffett Rule" appears to have one caveat... if you are making over a $1 billion, you're good to go with tax-avoidance strategies. In one of his career's most hypocritical moves Warren "tax-me-more" Buffett has decided that putting his money where his mouth is no longer makes sense.. and is funding $3billion of Burger King's "tax-inversion" takeover of Canada-based Tim Hortons. Somewhere on...
  • Bank Admits Choking Off 3 Legal Enterprises at Government Behest

    08/26/2014 9:02:54 AM PDT · by SeekAndFind · 15 replies
    Daily Signal ^ | 08/27/2014 | Kelsey Harkness
    SunTrust Bank is cutting ties with three types of legal businesses in the latest evidence of the Obama administration’s secretive crusade against “objectionable” enterprises. SunTrust, which counts more than 400,000 small business clients, cited “compliance requirements” as its reason for closing accounts with “payday lenders, pawn shops and dedicated check-cashers.” “It is consistent with long-standing industry practice to review relationships to ensure they satisfy a range of business and risk considerations,” the bank said in a little-noticed press release dated Aug. 8. In the same blanket notice, however, SunTrust underlined its support for maintaining bank relationships with licensed gun sellers....
  • Grain Piles Up, Waiting for a Ride, as Trains Move North Dakota Oil

    08/26/2014 8:57:37 AM PDT · by reaganaut1 · 31 replies
    New York Times ^ | August 25, 2014 | RON NIXON
    FARGO, N.D. — The furious pace of energy exploration in North Dakota is creating a crisis for farmers whose grain shipments have been held up by a vast new movement of oil by rail, leading to millions of dollars in agricultural losses and slower production for breakfast cereal giants like General Mills. The backlog is only going to get worse, farmers said, as they prepared this week for what is expected to be a record crop of wheat and soybeans. “If we can’t get this stuff out soon, a lot of it is simply going to go on the ground...
  • Dem Senator Calls For Boycott Of Burger King, Tells Consumers To Eat At Wendy’s

    08/26/2014 8:38:47 AM PDT · by upchuck · 65 replies
    CBS/AssPress ^ | Aug 26, 2014
    Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that creates the world’s third-largest fast-food company and could accelerate the international expansion of the Canadian coffee and doughnut chain. The corporate headquarters of the new company will be in Canada. The two brands will continue to be run as stand-alone chains, with Burger King still operating out of Miami. Some analysts have suggested that Canada’s lower tax rates stand to benefit Burger King over time. But Burger King said that’s the not main motivation for the deal. [snip] Sen. Sherrod Brown,...
  • Why Shouldn't Burger King Move to Canada to Pay Lower Taxes?

    08/26/2014 8:16:31 AM PDT · by Squawk 8888 · 49 replies
    Reason ^ | August 26, 2014 | Nick Gillespie
    Speaking as someone who has eaten there, Burger King is one of the saddest places on earth. Abandon digestion and pimple-free skin, all ye who enter there. To me, Burger King isn't just a lousy place to eat but a sort of existential black site that drains the life out of you (well, me) on every level: All the products are just lousier versions than what's offered at better fast-food joints. The ads, even those old fake-hip ones with the weird Burger King, are awful to the nth degree (anyone else remember the "Where's Herb?" campaign?). Yet I find the...
  • Burger King May Get Assist From Warren Buffett To Buy Tim Hortons

    08/26/2014 4:30:48 AM PDT · by jimbo123 · 18 replies
    Forbes ^ | 8/25/14 | Jeremy Bogaisky
    Speaking to CNBC in May on the subject of tax inversion deals, Warren Buffett said, “it does get a little annoying when we see other people paying far lower tax rates while engaging in the same sorts of businesses that we engage in.” Now Buffett appears to have decided to get in on the game: The Oracle of Omaha is extending financing to Burger King for its planned takeover of Canadian coffee-and-donuts chain Tim Hortons , the Wall Street Journal reported Monday evening, citing sources familiar with the deal. Buffett’s Berkshire Hathaway will provide roughly 25% of the financing, the...
  • Mexico turns to satellite imagery in attempt to crack down on illegal immigrants reaching U.S.A.

    08/26/2014 6:34:58 AM PDT · by dennisw · 13 replies
    MailOnline ^ | 26 August 2014 | By Paul Donnelley
    The new scheme is meant to "prevent migrants from putting at risk the safety of the trains which are for cargo, not passengers," Improvements will prevent derailments and allow the trains to speed up thus preventing people climbing aboard in the first place. Some immigrants are robbed and assaulted by gangs who control the train tops, while others fall asleep and fall off losing limbs or being crushed under the wheels of the trains. Train nicknamed The Beast travels to Mexican border with U.S. It is so slow that thousands of illegal immigrants can clamber aboard It's a freight train...
  • Could a wording 'glitch' doom Obama's healthcare law?

    08/26/2014 1:10:26 AM PDT · by 2ndDivisionVet · 40 replies
    The Los Angeles Times ^ | August 25, 2014 | David G. Savage
    When a federal appeals court ruled last month that a seemingly arcane wording flaw in the Affordable Care Act should invalidate a central part of the law, many of those who drafted the statute five years ago reacted with shock and anger.. In 2009, they had spent months piecing together a compromise that sought to create a national system of subsidized insurance — but one run by the states. Now, they fear their work could be undone by what some call a "drafting error" and others portray as a political miscalculation. The judges from the U.S. Court of Appeals for...
  • The European Union Isn't Going To Bail Out Ukraine

    08/26/2014 12:22:24 AM PDT · by wetphoenix · 8 replies
    Forbes ^ | 8/25/2014 @ 9:04AM | Mark Adomanis
    The European Union has had a pretty rough run over the past seven years. Economically, things are simply catastrophic. The Eurozone is not only experiencing an output slump that is even worse than the great depression, it is also teetering dangerously close to outright deflation. Unemployment remains persistently high everywhere except Germany: it is still above 25% in both Greece and Spain, and above 10% in Portugal, Italy, and France. The forecasts are hardly encouraging, with expectations of little or no growth in 2014 and an exceedingly modest rebound predicted for 2015. The situation is so desperate and hopeless that...
  • ... world's first hydrogen reactor for reduction of unlimited hydrogen ...

    08/25/2014 10:16:16 PM PDT · by AZLiberty · 91 replies
    Kochari ^ | July 22, so14 | Solar Hydrogen Trends
    Solar Hydrogen Trends, Inc., developer of innovative breakthrough technology with the world’s first hydrogen reactor for production of unlimited hydrogen, conducts final series of control tests on technology PR NewswireMENLO PARK, Calif., July 22, 2014 MENLO PARK, Calif., July 22, 2014 /PRNewswire-iReach/ —  American company, Menlo Park based technology firm Solar Hydrogen Trends, Inc. (www.SolarHydrogenTrends.com) today announced that it has conducted a final series of control tests on hydrogen reactor Symphony 7A.Photo – http://photos.prnewswire.com/prnh/20140722/129200A follow-up series of tests was required due to the fact that the two previous series of tests had shown such incredible production of hydrogen in reactor...
  • Pioneer believes that through 2016 it can add more than 600 million BOE in proved reserves

    08/25/2014 4:15:19 PM PDT · by ckilmer · 15 replies
    fool.com ^ | August 25, 2014 | By Matt DiLallo
    3 Reasons Why Pioneer Natural Resources Stock Could Rise By Matt DiLallo | More Articles | Save For Later August 25, 2014 | Comments (0) Pioneer Natural Resources (NYSE: PXD  ) stock has gone up nearly 600% in just the past five years. That has crushed the market, which is up just over 92% over that same time period. Despite the market-crushing returns, there's still a lot of fuel left in Pioneer Natural Resources' tank. Here are three reasons why the stock could continue to rise.It's sitting on nearly 10 billion barrels of recoverable oil and gas Pioneer Natural Resources believes...
  • K&P Carwasheros Ignore Intimidation,Organize Instead

    08/25/2014 3:55:50 PM PDT · by mdittmar · 13 replies
    AFL-CIO ^ | Aug 21, 2014 | Kenneth Quinnell
    Despite attempts by both the ownership of the K&P Car Wash and the Association of Car Wash Owners to intimidate them, workers at the K&P Car Wash in New York voted to join the Retail, Wholesale and Department Store Union (RWDSU), an affiliate of the United Food and Commercial Workers. K&P becomes the ninth car wash to unionize since a campaign was launched in 2012.K&P employee Jose Pedro Calderon said:We organized ourselves because we want to have a union contract that guarantees us better working conditions. But, most importantly, we organized ourselves because we wanted respect.As the organizing drive was ongoing, K&P...
  • Inside North Dakota's latest fracking problem

    08/25/2014 3:41:20 PM PDT · by Lorianne · 26 replies
    CNBC/Reuters ^ | 22 August 2014 | Brad Quick | Morgan Brennan
    From his driveway, Tom Wheeler's view of North Dakota's sprawling grasslands seems endless. Fields of soy, wheat and canola stretch to the horizon in all directions. But as drillers flock to the state to cash in on North Dakota's booming shale play, that horizon has become increasingly marked by natural gas flares. Flaring is the burning of natural gas that can't be processed or sold. All those flares, meanwhile, are adding up. They burn so brightly that NASA astronauts have taken pictures of their glow from space. For some landowners like Wheeler, it's not the noise or light pollution that...
  • French government dissolved amid row over economy

    08/25/2014 3:28:38 PM PDT · by Lorianne · 5 replies
    RTE News ^ | 25 August 2014
    France has been thrown into fresh crisis after President Francois Hollande told his prime minister to form a new government. This followed a much-criticised show of insubordination by the economy minister. Mr Hollande ordered Prime Minister Manuel Valls to form a new cabinet "consistent with the direction he has set for the country", the presidency said in a statement. It did not give any reasons, but the move came after Economy Minister Arnaud Montebourg criticised the country's economic direction and ally Germany at the weekend in a move that angered Mr Valls. This morning, Mr Valls offered the resignation of...
  • Germans could pay for EU unemployed

    08/25/2014 12:55:52 PM PDT · by Olog-hai · 26 replies
    TheLocal.de ^ | Published: 25 Aug 2014 13:20 CET
    Germans could foot the bill for unemployment benefits in other European countries under an EU plan to tax the union’s richest states.László Andor, EU Commissioner for Employment, Social Affairs and Inclusion, set out his proposal in June in Berlin to share the burden of unemployment benefits among EU countries. The plan is now “not far from the table”, CDU politician and MEP Herbert Reul told Welt newspaper on Monday. Andor claims that in a time of economic downturn, this concept could stabilize and revive struggling economies. He told the Welt on Monday that his plan would not replace countries’ unemployment...
  • BLOODBATH AT CNN, HLN: AXING OF 550 JOBS 'IMMINENT'

    08/25/2014 12:50:15 PM PDT · by Hojczyk · 83 replies
    Breitbart Big Journalism ^ | August 25, 2014 | JOHN NOLTE
    Today's news of a coming bloodbath at CNN and HLN is a reminder that while CNN has been able to use the unrest in Ferguson to race-bait its way to better ratings, everyone knows that's temporary. Without something that allows the left-wing network to appeal to the lowest common denominator, CNN is almost certain to fall back into the ratings basement until something else comes along for the network to cynically exploit. So here come the layoffs and buyouts. In the headline, The Wrap describes these layoffs as "imminent': Some 550 buyouts are to be offered at Time Warner's Turner...
  • Hard to swallow? Burger King may move to Canada

    08/25/2014 12:39:26 PM PDT · by Olog-hai · 42 replies
    Associated Press ^ | Aug 25, 2014 3:33 PM EDT | Candice Choi and Michelle Chapman
    Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada. Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world’s third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent. But customers were already voicing their discontent with the 60-year-old hamburger chain because of its plans to relocate its corporate headquarters from Miami to Canada in a deal that could lower its taxes. …
  • Ohio senator: Boycott Burger King

    08/25/2014 11:47:34 AM PDT · by jazusamo · 101 replies
    The Hill ^ | August 25, 2014 | Peter Schroeder
    Sen. Sherrod Brown (D-Ohio) is urging consumers to boycott Burger King over reports that the fast food chain is eyeing a tax-cutting move to Canada. Brown, an outspoken corporate critic, said people hankering for a burger should head to Wendy’s or White Castle, two Ohio-based chains that aren’t looking to shrink their tax bill via a so-called “corporate inversion.” “Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders,” he said in a statement. “Burger King has always said ‘Have it Your Way’; well my way is to support...
  • Crittenden Regional Hospital to close next month (another Obamacare casualty)

    08/25/2014 11:07:48 AM PDT · by DCBryan1 · 11 replies
    WREG ^ | 25 AUG 14 | George Brown
    WEST MEMPHIS, Ark. — After financial losses, fire and special tax passed to support it, Crittenden Regional Hospital is closing. The hospital is no longer admitting people and will close September 7. We are told clinics located within the hospital are looking for alternatives. In a statement, CEO Gene Cashman said, ‘With counsel from national health care consulting firms and the passage of a county-wide sales tax, we had identified a long-term strategic plan that had set our organization on a path to improvement. This summer’s fire and the subsequent shut-down derailed that plan’s success.”
  • S&P 500 trades above 2,000 points for first time in history; Burger King jumps on deal talks

    08/25/2014 10:53:27 AM PDT · by SeekAndFind · 19 replies
    US News and World Report ^ | 08/25/2014 | ALEX VEIGA
    U.S. financial markets moved higher in midday trading Monday, edging the Standard & Poor's 500 index past 2,000 points for the first time. Investors shrugged off lackluster data on new home sales and focused instead on the latest round of corporate deals. Burger King soared on news it was in talks to buy Tim Hortons of Canada. KEEPING SCORE: The Standard & Poor's 500 index rose 12 points, or 0.6 percent, to 2,001 as of 12:05 p.m. Eastern. The Dow Jones industrial average added 109 points, or 0.6 percent, to 17,110. The Nasdaq composite rose 28 points, or 0.6 percent,...
  • The New Misery Index

    08/25/2014 9:45:41 AM PDT · by gunsmithkat · 8 replies
    ZeroHedge ^ | 08-25-2014 | Charles Hugh Smith
    The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.
  • Europe’s Problem Is Excessive Spending, not Austerity

    08/25/2014 9:34:30 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | August 25, 2014 | Daniel J. Mitchell
    It’s remarkable to read that European politicians are agitating to spend more money, supposedly to make up for “spending cuts” and austerity.
  • No Inversion Is Not Unpatriotic. Yes We Need Corporate Tax Reform

    08/25/2014 8:43:05 AM PDT · by BenLurkin · 71 replies
    forbes.com ^ | 8/25/2014 @ 11:05AM | Yevgeniy Feyman
    This has to do with two elements of the American tax system. For one, the U.S. has the highest statutory corporate tax rate in the OECD, a combined rate of about 39 percent when taking into account federal and state taxes. Effective tax rates are harder to come by, but a report from the Tax Foundation found that the U.S. had the highest marginal effective corporate tax rate among developed country groups. It can be profitable then for U.S. firms to move offshore to reduce tax liabilities. But there is another factor at play here as well. Most developed economies...
  • Burger King: 'Enemy of the people' -- Another Case of Giant Tax Inversion

    08/25/2014 8:12:38 AM PDT · by SeekAndFind · 52 replies
    Hotair ^ | 08/25/2014 | Noah Rothman
    Comrades, there are wreckers in our midst. The industrialist reactionaries at Burger King have declared their intention to abandon the struggle and join the ranks of the enemy in rightist Canada. That’s right. The traitorous corporation Burger King plans to take advantage of the fact that America’s English-speaking neighbor to the north maintains the second-lowest corporate tax rate of any G-7 nation. How dare they? “The iconic American fast-food brand is in talks to buy coffee-and-donuts chain Tim Hortons and move its headquarters to Canada,” Forbes reported. If concluded, this deal would create the world’s third-largest restaurant company and allow...
  • Unemployed take their case to Fed officials at Jackson Hole

    08/25/2014 6:26:20 AM PDT · by shove_it · 23 replies
    Rooters ^ | 23 Aug 2014
    (Reuters) - Reginald Rounds was among those present at the Federal Reserve's high-flying monetary conference here, enjoying the chance to button hole two top officials of the U.S. central bank. The St. Louis resident is neither an economist nor a central banker. He's a 57-year-old unemployed worker, who said he is trained in the green technology field and can't find a job. He was among a group of activists who gathered on the sidelines of the Fed's annual symposium wearing green t-shirts with "What Recovery?" on the front and a chart depicting sluggish U.S. wage growth on the back. "From...