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Business/Economy (News/Activism)

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  • Trump administration quietly makes it legal to bring elephant parts to the U.S. as trophies

    03/07/2018 11:05:22 AM PST · by Simon Green · 76 replies
    The New York Times ^ | 03/06/18 | Eli Rosenberg
    The Trump administration will allow Americans to bring tusks and other elephant body parts back to this country as trophies, in a pivot away from the support President Trump voiced last year for an Obama-era trophy ban. The decision, announced quietly in a March 1 memorandum from the U.S. Fish and Wildlife Service, withdrew previous rulings on trophy hunting and said the agency would allow sport hunters to receive permits for the trophy items on a ďcase-by-case basis.Ē The move contrasts sharply with the position taken by Trump in November. After the Fish and Wildlife Service announced a repeal of...
  • Bannon Hits Silicon Valleyís Mass Immigration: ĎWeíve Got to Start Protecting Citizens

    03/07/2018 12:44:47 PM PST · by NobleFree · 24 replies
    Breitbart ^ | 2 Mar 2018 | JOHN BINDER
    American workers need to be protected from ‚Äúthe ravages of global wage competition,‚ÄĚ former Breitbart News Executive Chairman and White House Chief Strategist Stephen K. Bannon says in a new interview with GQ magazine.While railing against the mass importation of foreign workers to supply Silicon Valley, California‚Äôs tech industry hub and its corporations with cheap labor, Bannon said that, specifically, the H-1B visa is contributing to pushing working-class Americans out of the tech industry. [...]
  • Sessions unloads on California Dems for Ďradical, open borders agendaí

    03/07/2018 12:26:57 PM PST · by servo1969 · 26 replies
    Fox News ^ | 3-7-2018 | Adam Shaw
    Sessions spoke at an event for California law enforcement and a day after the Justice Department announced it was filing a lawsuit against the ďsanctuary cityĒ state over three pieces of legislation that it said interferes with federal immigration policy. ~~~~~~~~~ Sessions said that while America admits the highest number of legal immigrants in the world, the American people deserve a legal, rational immigration system that protects the nation and preserves the national interest. ďIt cannot be the policy of a great nation to reward those who unlawfully enter its country with legal status, Social Security, welfare, food stamps, and...
  • WH: Mexico, Canada could receive tariff exemptions

    03/07/2018 12:12:11 PM PST · by GIdget2004 · 31 replies
    The Hill ^ | 03/07/2018 | Jordan Fabian
    The White House said Wednesday it may exempt Mexico, Canada and other nations from tariffs on steel and aluminum imports. "There are potential carve-outs for Mexico and Canada based on national security, and possibly other countries as well based on that processĒ White House press secretary Sarah Huckabee Sanders told reporters, adding other nations could receive exemptions as well. "That would be a case-by-case and country-by-country basis but it would be determined whether or not there is a national security exemption," she said. Sanders reiterated that President Trump plans to announce the tariffs by the end of the week.
  • Treasury Secretary Steven Mnuchin Interview With Maria BartiromoÖ

    03/07/2018 11:54:50 AM PST · by bitt · 8 replies
    Maria Bartiromo interviews Treasury Secretary Mnuchin to discuss Gary Cohn¬ís departure from President Trump¬ís National Economic Council (NEC). {Deep Dive Here} Secretary Mnuchin talks about the larger MAGAnomic objectives, and the transition of the administration into ¬Ďpolicy phase-2¬í with all attention now focused on Main Street. Great Interview: ‚ô¶Economic Patriotism ¬Ė ¬ĎAmerica First¬í: ‚ąö Unleash energy development. Drive down energy costs. Lower cost-of-living. ‚ąö Eliminate regulatory stranglehold. Unleash free market entrepreneurial expansion. ‚ąö Lower corporate tax burden. Position business investment ¬Ďbest bet¬í domestically. ‚ąö Generate investment expansion. Create: jobs, jobs, jobs. ‚ąö Generate higher labor demand. Jobs, Jobs, Jobs =...
  • U.S. Steel to Restart Illinois Plant Operations Amid Trumpís Tariff Plans

    03/07/2018 10:53:50 AM PST · by Red Badger · 48 replies ^ | Updated March 7, 2018 11:35 a.m. ET | By Allison Prang and Bob Tita
    The company plans to call back about 500 employees United States Steel Corp. X +4.25% said it would restart a blast furnace in Illinois to handle the higher demand it expects from President Donald Trumpís proposed tariffs on foreign steel. The steelmaker said it also plans to call 500 employees back to work at the Granite City mill. U.S. Steel idled its blast furnaces there two years ago as a flood of cheap imports pushed down domestic steel prices. Steel producers have been hurt in recent years by increasing competition from foreign competitors, particularly China, that have ramped up production...
  • Steve Forbes: Here's A Real Trade Abuse Trump Should Address

    03/07/2018 9:59:52 AM PST · by SeekAndFind · 32 replies
    Forbes ^ | 03/07/2018 | Steve Forbes
    HERE'S A HUGELY winning issue for President Donald Trump that would deal with a gross trading abuse and simultaneously advance his goal of reducing the prices of prescription drugs: Insist that foreign buyers of American pharmaceuticals--almost without exception government agencies--pay their fair share of the research and development costs of these medicines. Currently, Americans are subsidizing overseas users of our drugs. Here's how that works. The average price of successfully bringing a new medicine to market in the U.S. is about $2.4 billion. The entire approval process takes some 12 years before a drug receives its final green light. The...
  • Donald Trump and Free Trade

    03/07/2018 7:54:36 AM PST · by Oklahoma · 52 replies
    The American Spectator ^ | March 7, 2018, 12:01 am | R. EMMETT TYRRELL, JR
    President Donald Trump has had a splendid first year in office. He has the economy moving again and at a healthy pace, some 2.6 percent in the most recent quarter. Unemployment is down, the stock market is up and the economic signs are mostly healthy. Well, for the stock market that was until last week. That was the week in which the President announced his intention to slap a 25 percent tariff on steel imports and a 10 percent tariff on aluminum. The market tanked, and more problems are said to be coming internationally. It appears the world does not...
  • Private-sector jobs grow by 235,000 in February, vs 195,000 expected: ADP/Moody's Analytics

    03/07/2018 6:12:33 AM PST · by ilovesarah2012 · 16 replies
    CNBC ^ | March 7, 2018 | Jeff Cox
    Job creation saw another powerful month in February, with companies adding 235,000 positions, ADP and Moody's Analytics reported Wednesday.
  • College Republicans Propose an Unusual Idea From the Right: a Carbon Tax

    03/07/2018 5:46:32 AM PST · by Macoozie · 16 replies
    New York Times via Drudge ^ | March 6, 2018 | Lisa Friedman
    But Republicans said they worried their ranks would bear the brunt of the shift as young people moved away from party orthodoxy on issues like guns, gay marriage and climate change.
  • Banks Look to Break Governmentís Hold on Student-Loan Market

    03/07/2018 5:44:58 AM PST · by reaganaut1 · 26 replies
    Wall Street Journal ^ | March 7, 2018 | Josh Mitchell and AnnaMaria Andriotis
    Private lenders are pushing to break up the governmentís near monopoly in the $100 billion-a-year student-loan market. The banking industryís main lobbying group, the Consumer Bankers Association, is pressing for the government to instate caps on how much individual graduate students and parents of undergraduates can borrow from the government to cover tuition. That would force many families to turn to private lenders to cover portions of their bills. While that could mean lower interest rates for some, it could constrain funding to households with blemished credit histories. A group of investors also is lobbying for legislation to provide a...
  • Announcement: TruthRevolt Closing Shop

    03/07/2018 5:01:43 AM PST · by servo1969 · 3 replies ^ | 3-7-2018 | Mark Tapson
    This is to announce that TruthRevolt will be closing up shop as of the end of today, Wednesday, March 7. Ben Shapiro and David Horowitz created TruthRevolt with a mission to expose the leftist news media and hold them accountable for their hypocrisy and bias. Launched in October 2013, it was not just a media watchdog, but a media bulldog. TruthRevolt sought to help loosen the leftist death grip on the organs of culture: the news media, academia, and entertainment. As the editor of TruthRevolt for nearly three years, I am proud of the fight we waged and grateful for...
  • Oregon: 20-Year-Old Sues Dickís Sporting Goods for Refusing to Sell Rifle

    03/06/2018 5:50:06 PM PST · by Revel · 25 replies
    Breitbart ^ | 3/6/18 | AWR Hawkins
    A 20-year-old is suing Dickís Sporting Goods after being refused a Ruger .22 rifle purchase based on his age. The plaintiff, Tyler Watson, claims he faced ďUnlawful Age Discrimination.Ē Watson attempted to buy the rifle ďon or about February 24Ē at a Medford, Oregon, Field and Stream store. (Field and Stream is subsidiary of Dickís.) Watsonís suit, filed in the Circuit Court of Oregon for the County of Jackson, says a store employee refused the purchase and indicated, ďHe would not sell [Watson] any firearm, including rifles and shotguns, or ammunition for a firearm, because [Watson] is under 21 years...
  • Henry Ford on the Justice of Inequality

    03/06/2018 4:08:35 PM PST · by huckfillary · 28 replies
    The Objective Standard ^ | March 6, 2018 | Jon Hersey
    We hear a lot about income inequality today. Bernie Sanders nearly displaced the established democrat, Hillary Clinton, in the 2016 presidential primaries by being the more vociferous opponent income inequality. Scores of economistsóarmed with charts and graphsóargue that rising inequality will lead to the breakdown of society. In their article ďThe Unmet Promise of Equality,Ē Fred Harris and Alan Curtis write, ďToday, the top 1 percent receive 52 percent of all new income. Rich people are healthier and live longer. They get a better education, which produces greater gains in income.Ē1 In his article ďIncome Inequality in the U.S. Is...
  • First LNG Cargo Sets Sail from Marylandís Cove Point Export Terminal

    03/06/2018 3:01:00 PM PST · by Oatka · 24 replies
    gCaptain ^ | Mar 05, 2018 | gCaptain Staff
    Photo at link (give 'em some hits) The first cargo of liquefied natural gas has set sail from the Dominion Energy Cove Point LNG export terminal in Maryland, where the newly constructed liquefaction facility is undergoing final commissioning. The commissioning cargo of natural gas left the Cove Point facility on the Chesapeake Bay on Thursday, March 1, according to Dominion Energy. The cargo was loaded onboard the LNG tanker, Gemmata. Shell NA LNG is providing the natural gas needed for liquefaction during the commissioning process. Once commissioning is complete, the Cover Point terminal will produce LNG for ST Cove Point,...
  • Gary Cohn to Resign as Trumpís Top Economic Adviser

    03/06/2018 2:41:22 PM PST · by CaptainK · 107 replies
    New York TImes ^ | 3/6/2018 | KATE KELLY, MAGGIE HABERMAN and PETER BAKER
    ary D. Cohn, President Trumpís top economic adviser, plans to resign, becoming the latest in a series of high-profile departures from the Trump administration, White House officials said on Tuesday. The officials insisted there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave came after he seemed poised to lose an internal struggle amid a Wild West-style process over Mr. Trumpís plan to impose large tariffs on steel and aluminum imports. ďGary has been my chief economic adviser and did a superb job in driving our agenda, helping...
  • Reddit Admits Hosting Russian Propaganda

    03/06/2018 12:54:29 PM PST · by nickcarraway · 18 replies
    BBC ^ | 3/6
    Reddit has become the latest social-media platform to admit that Russian propaganda was used on its site during the 2016 US presidential election. It follows leaks from news site The Daily Beast showing a Russian troll farm active on the website. Co-founder Steve Huffman said that it had removed "a few hundred accounts" suspected of being of Russian origin. In a blogpost, he said "indirect propaganda", which was more complex to spot and stop, was the biggest issue. "For example, the Twitter account @TEN_GOP is now known to be run by a Russian agent. Its tweets were amplified by thousands...
  • Aramco IPO Venue in the Balance as Saudi Prince Embarks on Trip

    03/06/2018 12:35:30 PM PST · by nickcarraway · 9 replies
    Reuters ^ | 3/6 | Rania El Gamal, Alex Lawler, Yara Bayoumy2
    Saudi Crown Prince Mohammed bin Salmanís upcoming trip to Britain and the United States could shape the decision on where to list oil giant Aramco, at a time when sources say the chances of London and New York hosting the IPO appear to be receding. The two leading financial centers have long been the clear frontrunners to host the international leg of the flotation, alongside a Riyadh listing. Yet this may no longer be the case as Hong Kong is emerging as an increasingly likely compromise because Riyadh wants to help Asian nations that are expected to become ďcornerstoneĒ investors,...
  • Pepe the Frog Artist Suing InfoWars for Copyright Infringement

    03/06/2018 11:51:09 AM PST · by nickcarraway · 23 replies
    Hollywood Reporter ^ | MARCH 06, 2018 | Eriq Gardner
    Matt Furie says his "peaceful frog-dude" was co-opted in a poster featuring Pepe alongside InfoWars founder Alex Jones, President Donald Trump, Milo Yiannopoulos, and others. Matt Furie says his "peaceful frog-dude" was co-opted in a poster featuring Pepe alongside InfoWars founder Alex Jones, President Donald Trump, Milo Yiannopoulos, and others. The legal campaign to take Pepe the Frog back from the alt-right is now in California federal court as artist Matt Furie has filed a copyright lawsuit against InfoWars. Furie says he created Pepe as a "peaceful frog-dude" at the beginning of the century with the catchphrase, "Feels good man."...
  • Federal Government Gives $2 Billion If Businesses Hire Aliens Over Americans

    03/06/2018 10:52:53 AM PST · by LibertyFound · 22 replies
    National Economics Editorial ^ | March 6, 2018 | Dylan Scott
    Small Businesses Get $2 Billion If They Hire Alien Grads Instead Of American Grads The Federal government is still incentivizing businesses to favor immigrants over Americans, to the tune of $2 billion in subsidies across the country, according to the Center for Immigration Studies. They do this via the Optional Practical Training (OPT) program. This program by the Federal government provides money to businesses that discriminate against American citizens in favor of immigrant ones. At this point, this is just par for the course. According to the CIS, this program was used to scrape $2 billion from the Federal tax...