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Business/Economy (News/Activism)

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  • Where should I-66 outside the Beltway toll money go?

    01/02/2018 7:01:01 AM PST · by Tolerance Sucks Rocks · 10 replies
    WTOP ^ | January 1, 2018 | Max Smith
    WASHINGTON — With construction on new toll lanes ramping up this year on Interstate 66 between Gainesville and the Beltway, Virginia’s Commonwealth Transportation Board is due to approve a number of projects next week that will be paid for by the toll lane operators. After a public hearing Thursday, the board is due to vote Jan. 10 on how to spend $496 million of a $579 million payment that Express Mobility Partners gave the state as part of the construction agreement. An additional $79 million is due to go toward oversight of the project, including public outreach, and there is...
  • Time for President Trump to Crack Down on International Trade Abusers in the

    01/02/2018 5:49:10 AM PST · by Kaslin · 10 replies ^ | January 2, 2018 | Erich Reimer
    President Trump won in 2016 in large part based on a promise to restore manufacturing jobs in the United States and crack down on the predatory exploitation of American workers by noted abusers of international trade law.Two of the longest-running violators are the South Korea-based Samsung and LG Corporation, which are supported by massive subsidies from the South Korean government. In fact, Samsung received over $155 million directly, and millions more indirectly in tax breaks, in just 2012.Furthermore, Samsung and LG engage in a rotating network of cheap labor, where they move their factories to a different country once they...
  • Mattis: ‘I’m saving money for bombs’ instead of tokens of gratitude for troops

    01/02/2018 4:47:47 AM PST · by Daffynition · 11 replies
    TheHill ^ | 12/.31.2017 | Julia Manchester
    Defense Secretary James Mattis said he does not carry tokens of gratitude to hand out to U.S. troops, saying “I’m saving money for bombs.” Mattis made the comment to Breitbart News after a reporter relayed a message from a U.S. Marine who asked whether the secretary was carrying challenge coins during a trip to an international terrorism conference in Jordan earlier this year.
  • Rick Santorum: Refiners attack President Trump at their peril

    01/02/2018 1:05:57 AM PST · by Oshkalaboomboom · 124 replies
    Washington Examiner ^ | Jan 02, 2017 | Rick Santorum
    Oil lobbyists aren’t accustomed to hearing the word "no." And from an all-of-the-above perspective, that’s not always a bad thing. America needs more energy, not less. We still import about a quarter of all the oil we consume. But some petroleum companies seem to be taking their influence for granted, and that could prove their undoing with a White House that is known for drawing a clear line between friends and foes. Most recently, a few refiners have begun smearing the president and his allies in Congress for refusing to abandon the Renewable Fuel Standard, which protects U.S. production of...
  • What We Owe Trump in 2018

    01/01/2018 9:12:48 PM PST · by Oshkalaboomboom · 12 replies ^ | Jan 02, 2017 | Larry Provost
    The current President of the United States deserves our support in 2018 and beyond. For years we as Americans have sat around our tables and said, “It would be nice to elect someone who believes what they say and does what they say.” President Donald Trump is such a President as we have never seen. President Trump knew everyone who was anyone in New York City but was never with the elite crowd in Manhattan despite having all the money in the world. By being President, he was never trying to fulfill some secret desire to be part of the...
  • Merkel declares Europe top priority for new government

    01/01/2018 7:00:03 PM PST · by Olog-hai · 12 replies ^ | 31 December 2017 11:12 CET+01:00 | AFP
    Chancellor Angela Merkel will tell Germans that European cooperation is “the decisive question of the coming years” in a New Year’s Eve broadcast Sunday, as her conservatives eye tricky coalition talks. Merkel will say that “27 states in Europe must be persuaded more strongly than ever to hold together as a community,” according to a script of the annual televised address released by her office. […] As for Germany, its “future is bound indivisibly with the future of Europe,” the chancellor will declare, recalling that Berlin hopes to work with France’s pro-European President Emmanuel Macron to future-proof the EU. ”The...
  • The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings

    01/01/2018 5:48:59 PM PST · by reaganaut1 · 9 replies
    New York Times ^ | January 1, 2018 | BINYAMIN APPELBAUM and JIM TANKERSLEY
    WASHINGTON — A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly. While business leaders are eager for the tax cuts that take effect this year, the newfound confidence was initially inspired by the Trump administration’s regulatory pullback, not so much because deregulation is saving companies money but because the administration has instilled a faith in business executives that new regulations are not coming. “It’s an overall sense...
  • New era opens in California with first sales of recreational marijuana

    01/01/2018 4:40:21 PM PST · by Mariner · 114 replies
    San Francisco Chronicle ^ | January 1st, 2018 | By Jill Tucker and David Downs
    It was six hours past midnight, but the crowd inside the Berkeley Patients Group counted down the seconds. “Happy New Year,” they yelled at precisely 6 a.m. as a cashier rang up the cost of three joints, a $45.37 purchase representing one of the first recreational marijuana sales in the state. The moment marked the launch of a new industry in California, one that’s heavily regulated and taxed, with revenue reaching several billion dollars per year. The day has been long anticipated by cannabis advocates who pushed for voters to pass Proposition 64 in November 2016, largely decriminalizing marijuana and...
  • In the new year, worry-free California has a lot to worry abou

    01/01/2018 1:00:04 PM PST · by lasereye · 51 replies
    Orange County Register ^ | December 30, 2017 | Joel Kotkin
    Propped up by media idolatry, California is moving from denial to delusion. Case in point: A recent AP story claimed that the state “flush with cash from an expanding economy” would consider spending an additional billion dollars on health care for the undocumented, as well as a raft of new subsidies for housing and the working poor. All this wishful thinking and noble intentions ignores a slowing state economy, and a structural deficit, keyed largely to state worker pensions, that may now be headed towards a trillion dollars. Perhaps the widely celebrated, although poorly distributed “good times” of the past...
  • Historic day as recreational cannabis sales begin in California (marijuana)

    01/01/2018 11:10:07 AM PST · by EveningStar · 49 replies
    The Cannifornian ^ | January 1, 2018 | Brooke Edwards Staggs, Emily DeRuy, and Lisa M. Krieger
    Celebrating a major shift in cultural attitudes about cannabis — or just looking to enjoy the right to get high without legal entanglements — Californians lined up at dispensaries up and down the state Monday morning to be among the first to purchase recreational cannabis, more than a year after voters passed Prop. 64. In the pre-dawn darkness at KindPeoples collective in Santa Cruz, a line of 80 people snaked around the building before doors opened. The first sale – a eighth of a gram of indica flower called ‘Nine Pound Hammer’ – was made, to resounding applause, to UC-Santa...
  • Air Force Could Test "Flying Aircraft Carriers" as Early as Next Year

    01/01/2018 8:21:42 AM PST · by shove_it · 62 replies
    NASDAQ via Motley Fool ^ | 1 Jan 2018 | Rich Smithl
    The movies were right: Gremlins are real. Or at least they will be if DARPA -- the U.S. Defense Advanced Research Projects Agency -- has anything to say about it. As we learned this week from our friends at the Navy Times , DARPA is moving ahead on its effort to create a fleet of flying aircraft carriers, which it calls the "Gremlins" program, with demonstration flights scheduled to begin sometime next year. What are Gremlins? We've been watching this particular hush-hush DARPA project for more than two years now . In a nutshell, it calls for the creation of...
  • Earth becoming a desert without climate deal, scientists warn

    01/01/2018 8:11:52 AM PST · by Oshkalaboomboom · 150 replies
    Washington Examiner ^ | Jan 01, 2018 | John Siciliano
    Climate researchers are warning that a large chunk of the globe could become a desert if the goals of the Paris climate change accord are not met. The findings published Monday in the journal Nature Climate Change show that more than 25 percent of the world's population will live in a perpetual state of drought and growing desertification if the Earth's temperature rises by 2 degrees Celsius by 2050. The report says the solution is to prevent global warming from rising above 1.5 degrees C, which the researchers say would significantly reduce the number of regions of the world affected...
  • Inside the new trade arguments Trump is hearing

    01/01/2018 4:58:20 AM PST · by DoodleDawg · 93 replies
    Axios ^ | 1/1/18 | Jonathan Swan
    Gary Cohn and Steven Mnuchin successfully kept President Trump from making any disruptive trade actions during the tax reform fight. Now that tax reform is done — and Trump remains hell-bent on tariffs — they're making new arguments to try to mellow his hardwired trade-warrior impulses. - Cohn and Mnuchin are now appealing to Trump's obsession with the record-breaking run of the stock market under his presidency, according to four sources with direct knowledge. They're telling him the stock market is at an all-time high, and that new tariffs on whole industries like steel and aluminum would hurt it. -They're...
  • Debating the Boycott, Divestiture and Sanctions Against Israel

    01/01/2018 2:53:21 AM PST · by Oshkalaboomboom · 1 replies
    newsmax ^ | Dec 31, 2017 | Alan Dershowitz
    Zionism was the national liberation movement of the Jewish people, not a colonial enterprise. Nor is Israel in any way like South Africa, where a minority of whites ruled over a majority of blacks, who were denied the most fundamental human rights. In Israel, Arabs, Druze, and Christians have equal rights and serve in high positions in government, business, the arts, and academia. BDS is not a protest against Israel's policies. It is a protest against Israel's very existence. West argued that BDS would encourage Israel to make peace with the Palestinians. I replied that Israel would never be blackmailed...
  • Market analysts see booming stock growth in 2018

    01/01/2018 2:35:11 AM PST · by Oshkalaboomboom · 5 replies
    NY Post ^ | Dec 30, 2017 | John Aidan Byrne
    Happy New Year, Wall Street — pop that Champagne cork because 2018 could be another great year for massive wealth creation. With rising 401(k)s expected to push average balances back into solid six figures — and US equity prices forecast to surge as much as 15 percent — more Americans are over the moon about the coming 12 months than there were in the previous year. The number of Americans who say they’ll be better off financially in 2018 has climbed to 82.5 percent, up from 72 percent who were bullish over 2017, according to a survey by LendEDU, an...
  • Trump administration shuts down $13 billion Obama-era Amtrak plan

    01/01/2018 2:23:50 AM PST · by Oshkalaboomboom · 31 replies
    Washington Examiner ^ | Dec 31, 2017 | Kelly Cohen
    The Trump administration has shut down a $13 billion federal spending plan to rebuild an Amtrak project between New York and New Jersey. According to a letter obtained by Crain’s New York Business, the administration called the deal proposed by former President Barack Obama — which would have been half paid for by the federal government — “non-existent.” “Your letter also references a non-existent '50/50' agreement between [the Department of Transportation], New York, and New Jersey. There is no such agreement," wrote Federal Transit Administration deputy administrator K. Jane Williams in a Friday letter. “We consider it unhelpful to reference...
  • Gay Cakes Are Not a Constitutional Right

    01/01/2018 12:08:33 AM PST · by Oshkalaboomboom · 24 replies
    American Thinker ^ | Jan 01, 2018 | Daniel John Sobieski
    One wonders what would have happened if the Sweet Cakes by Melissa case involved not the owners refusing to be coerced to violate their religious conscience by providing a cake not to two same-sex people celebrating their union and calling it a marriage, but rather a Muslim bakery being forced to bake a cake decorated with a cartoon picture of the prophet Muhammad covered with bacon sprinkles. Would the bakery in that scenario be forced to pay a heavy business-killing fine for actually believing that the Founding Fathers meant freedom of religion when they enshrined it in the First Amendment?...
  • Trump: We're going to have a fantastic 2018

    12/31/2017 10:16:51 PM PST · by Oshkalaboomboom · 3 replies
    The Hill ^ | Dec 31, 2017 | Olivia Beavers
    President Trump on Sunday said 2018 will be a "fantastic year," while touting the economic success during his first year in office. "We’re going to have a great year. We’re going to have a fantastic 2018," Trump told reporters, according to a pool report. The remarks came as the president walked into the New Year's Eve party at Mar-a-Lago, his Palm Beach, Fla. resort, with first lady Melania Trump. The president said the country is already "off to a very good start" while highlighting some of provisions included in the GOP tax cut plan, his administration's first major legislative victory....
  • Millennials should push McConnell for healthcare reform in 2018

    12/31/2017 9:46:59 PM PST · by Oshkalaboomboom · 11 replies
    Washington Examiner ^ | Jan 01, 2018 | Katherine Zehnder
    Republican lawmakers are fiercely debating what major legislation to take up as we move into 2018. Many GOP lawmakers favor another attempt at repealing Obamacare, however, Senate Majority Leader Mitch McConnell, R-Ky., is strongly against it. Come January, the Republican majority in the Senate will fall to one seat, and McConnell believes the Senate should work on passing legislation that is less partisan. "Well, we obviously were unable to completely repeal and replace with a 52-48 Senate," McConnell told NPR. "We'll have to take a look at what that looks like with a 51-49 Senate. But I think we'll probably...
  • Trump's Sneakily Successful First Year

    12/31/2017 9:35:15 PM PST · by Oshkalaboomboom · 13 replies ^ | Jan 01, 2018 | Rachel Alexander
    While the left complained nonstop about Trump’s tweeting and boisterous language, Trump buckled down and accomplished an incredible amount during his first year as president. The Washington Examiner counted an impressive 81 major achievements and another 100 minor achievements. Some of the largest include substantial tax cuts, increasing U.S. energy production and getting Neil Gorsuch confirmed to the Supreme Court. Other notable accomplishments include appointing more judges to the federal appellate courts than any other president during their first year and reducing illegal immigration. U.S. Customs and Border Protection reports a 23 percent decline over the previous fiscal year. The...