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Business/Economy (News/Activism)

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  • Spotify Gives Up San Francisco Headquarters (And Tax Breaks) Over Safety Concerns

    12/12/2018 5:02:10 PM PST · by Hojczyk · 16 replies
    Hot Air ^ | December 11,2018 | JOHN SEXTON
    Spotify, the streaming music company, left its San Francisco headquarters in the Mid-Market area over concerns about the safety of its employees. The departure means the company will no longer be eligible for special tax breaks given to a number of tech companies who moved into the area including Twitter. From the San Francisco Chronicle: SEE ALSO: Adam Lanza’s writings reveal he was an anorexic germaphobe with an interest in pedophilia The Swedish tech company leased three floors of office space in a 1922 building at 988 Market St. that includes the Warfield theater concert venue. It was a “perfect...
  • Executive Order on Establishing the White House Opportunity and Revitalization Council

    12/12/2018 4:32:19 PM PST · by MarchonDC09122009 · 6 replies
    Whitehouse.gov ^ | 12/12/2018 | President Donald Trump
    Executive Order on Establishing the White House Opportunity and Revitalization Council ECONOMY & JOBS Issued on: December 12, 2018 menuALL NEWS ESTABLISHING THE WHITE HOUSE OPPORTUNITY AND REVITALIZATION COUNCIL By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Purpose. Fifty-two million Americans live in economically distressed communities. Despite the growing national economy, these communities are plagued by high poverty levels, failing schools, and a scarcity of jobs. In December 2017, I signed into law a bill originally introduced as the Tax...
  • Senate Passes 2018 Farm Bill Legalizing Hemp, Ditching SNAP Work Requirements

    12/12/2018 2:11:56 PM PST · by KC_Lion · 26 replies
    Breitbart ^ | 11 December 2018 | Kathrine Rodriguez
    The Senate passed the updated 2018 Farm Bill on Tuesday, which legalized hemp and did away with implementing work requirements to receive food stamps through the Supplemental Nutrition Assistance Program (SNAP). The Senate voted 87-13 to pass the legislation, which lawmakers unveiled Monday evening after months of back-and-forth negotiations and debate over whether work requirements should be included in the 2018 Farm Bill. Every single Senate Democrat voted for the revised bill, and eight Republicans opposed it.....“The 2018 Farm Bill is our opportunity to make the American food and agriculture systems work more efficiently. I’m pleased to say we...
  • House Democrats Change Rules to Make It Easier to Raise Taxes

    12/12/2018 12:53:33 PM PST · by Rusty0604 · 46 replies
    Washington Free Beacon ^ | 12/12/2018 | Haris Alic
    The incoming chairman of the House Rules Committee, Rep. Jim McGovern (D., Mass.), confirmed to colleagues on Wednesday that he would not honor the three-fifths supermajority requirement to raise income taxes, as reported by the Washington Post. The change comes after a standoff between Pelosi and her moderate allies in the Democratic conference, such as incoming Ways and Means Committee chairman Richard Neal (Mass.), and younger, more progressive members like Rep.-elect Alexandria Ocasio-Cortez (N.Y.). In November Pelosi and Neal initially proposed keeping the three-fifths supermajority rule for income tax increases "on the lowest-earning 80 percent of taxpayers." That notion, however,...
  • Harvard Study Confirms the Gender Wage Gap is Just a Myth

    12/12/2018 12:31:49 PM PST · by Para-Ord.45 · 29 replies
    https://legalinsurrection.com ^ | December 11, 2018 | by Mary Chastain
    Not that it matters to the left, but a study from Harvard University titled Why Do Women Earn Less Than Men? proves the gender wage gap is indeed a myth because of the obvious reasons: work choices between men and women. Why do men make more than women? Their choice of jobs and working a lot of overtime. In order to prove their point, authors Valentin Bolotnyy and Natalia Emanuel looked at the Massachusetts Bay Transportation Authority (MBTA). It is unionized, which means men and women are treated the same and have to follow the same rules and receive the...
  • Family breakdown explains social unrest

    12/12/2018 11:55:22 AM PST · by Tolerance Sucks Rocks · 16 replies
    Star Parker ^ | December 11, 2018 | Star Parker
    Weakening of the family generally occurs in an environment of weakening of religion. As France is gripped by civil disorder, many commentators identify, quite correctly, as the culprit the outsized burden that France's bloated welfare state places on its citizens. According a recent report from the Organization for Economic Cooperation and Development, the highest tax burden in the industrialized world is in France — 46.1 percent of GDP. In the United States, it is 27 percent, which includes taxes paid at all levels of government — federal, state and local. Welfare state spending in France is 32 percent of GDP,...
  • California Now Wants to Tax Your Text Messages. Here's Why

    12/12/2018 9:52:00 AM PST · by SeekAndFind · 56 replies
    Fortune ^ | 12/12/2018 | Lucas Laursen
    Have you found yourself texting people instead of calling them? Sure. Have you stopped to debate whether texting is a form of “telecommunications” or an “information service?” Chances are the answer is “no”. California’s Public Utilities Commission (PUC) is betting you haven’t either — and the difference matters because the commission has jurisdiction over telecommunications, which includes telephone calls. What’s more, it wants to extend an existing tax on calls to include text messages, the Mercury News reports. Should it get its way, then Californians may soon be taxed on every text they send from their cell phones. Gather round,...
  • Spotify Gives Up San Francisco Headquarters (And Tax Breaks) Over Safety Concerns

    12/12/2018 9:13:40 AM PST · by SeekAndFind · 21 replies
    Hotair ^ | 12/12/2018 | John Sexton
    Spotify, the streaming music company, left its San Francisco headquarters in the Mid-Market area over concerns about the safety of its employees. The departure means the company will no longer be eligible for special tax breaks given to a number of tech companies who moved into the area including Twitter. From the San Francisco Chronicle: The Swedish tech company leased three floors of office space in a 1922 building at 988 Market St. that includes the Warfield theater concert venue. It was a “perfect fit” for the music-focused company, Spotify said at the time.But in the past month, the...
  • Exclusive: TheDCNF Asked Paris Climate Accord Backers If They’d Support Banning Private(T)

    12/12/2018 8:49:27 AM PST · by rktman · 29 replies
    dailycaller.com ^ | 12/12/2018 | Michael Bastasch and Chris White
    Full Title" Exclusive: TheDCNF Asked Paris Climate Accord Backers If They’d Support Banning Private Jets. Most Didn’t Respond Most companies and individuals TheDCNF reached out to did not respond, including Facebook, Apple, Google and other companies that often tout their “green image.” Not even former Vice President Al Gore, the father of climate activism, responded to TheDCNF’s question. In fact, all but two of the 26 corporations were silent when asked by TheDCNF if they would support a ban on private jets to help cut greenhouse gas emissions in line with what the United Nations says is needed to meet...
  • Text messages might be next to face California tax, reports say

    12/12/2018 7:58:37 AM PST · by Rusty0604 · 39 replies
    FOX news ^ | 12/12/2018 | Stephen Sorace
    California state regulators have been working on a plan to charge mobile phone users a text messaging fee intended to fund programs that make phone service accessible to the low-income residents, reports said Tuesday. It’s a dumb idea,” Jim Wunderman, president of the Bay Area Council business group, told the paper. “This is how conversations take place in this day and age, and it’s almost like saying there should be a tax on the conversations we have.” While the amount consumers would be expected to pay remained unclear, some business groups are saying the new charges could cost wireless users...
  • Farm Bill deal reached without food stamp work requirement expansion

    12/12/2018 6:05:57 AM PST · by george76 · 19 replies
    The News Star ^ | 12/12/18 | Greg Hilburn
    The Senate passed the bill Tuesday on an 87-13 vote, although Louisiana Republican Sen. John Kennedy was a no, criticizing the "missed opportunity to reform" the food stamp program. Congress has reached a compromise deal on a new Farm Bill to set agriculture policy for five years, but it won't expand work requirements for food stamps, which had been a priority of U.S. Rep. Ralph Abraham of Louisiana and President Donald Trump. The Senate passed the bill Tuesday on an 87-13 vote, although Louisiana Republican Sen. John Kennedy was a no, criticizing the "missed opportunity to reform" the food stamp...
  • 8 Million People Are Working Illegally in the U.S. Here’s Why That’s Unlikely to Change.

    12/11/2018 7:32:59 PM PST · by ConservativeStatement · 130 replies
    New York Times ^ | Dec. 11, 2018 | MIRIAM JORDAN
    They make beds in inns across the country. They pick oranges in Florida, strawberries in California and vegetables in Ohio. And they have built new subdivisions in Phoenix, Atlanta and Charlotte. For years, policymakers have talked about shutting off the influx of undocumented workers. But the economy has grown to rely on them. Ending illegal immigration, say many of those who have studied the issue, could mean that American workers would lose their jobs, companies would close and the economy would contract.
  • Trump rolls back wetlands protections. What it means for California farmers, developers

    12/11/2018 1:10:48 PM PST · by Mariner · 21 replies
    The Sacramento Bee ^ | December 11th, 2018 | BY DALE KASLER AND KATE IRBY
    It all started when California farmer John Duarte plowed a wheat field in Tehama County, about two hours north of Sacramento, and wound up paying a $1.1 million fine to the federal government for his efforts. On Tuesday, Duarte, who was embraced by conservatives nationwide as a victim of government over-reach, got vindication of sorts. In a victory for farmers and land developers throughout the West, the Trump administration announced a broad rollback of rules designed to protect wetlands and other small bodies of water. The decision means regulations put in place in 2015 by the Obama administration will fall...
  • US has a 'concerted strategy' to push allies to reject Huawei's 5G equipment

    12/11/2018 12:26:40 PM PST · by Hojczyk · 11 replies
    Yahoo Finance ^ | December 11, 2018 | Kelly Olsen
    The United States has a "concerted strategy" to pressure its allies to shun Chinese tech giant Huawei's 5G network equipment, Eurasia Group analyst Kevin Allison says. U.S. allies, including the U.K., Australia, New Zealand and Japan, are keeping Huawei out. 5G technology will "set the tone for the rest of the 21st century," according to Allison. The United States is pushing its allies to shut out Chinese tech giant Huawei's 5G networks due to national security concerns as the high-speed technology is set to play a critical role in the 21st century, a Eurasia Group expert said Tuesday. Japan, Washington's...
  • Your Apps Know Where You Were Last Night, and They’re Not Keeping It Secret

    12/11/2018 11:11:35 AM PST · by VanShuyten · 22 replies
    NY Times ^ | 12/10/2018 | JENNIFER VALENTINO-DeVRIES, NATASHA SINGER, MICHAEL H. KELLER and AARON KROLIK
    ... Yet another leaves a house in upstate New York at 7 a.m. and travels to a middle school 14 miles away, staying until late afternoon each school day. Only one person makes that trip: Lisa Magrin, a 46-year-old math teacher. Her smartphone goes with her. An app on the device gathered her location information, which was then sold without her knowledge. It recorded her whereabouts as often as every two seconds, according to a database of more than a million phones in the New York area that was reviewed by The New York Times. While Ms. Magrin’s identity was...
  • Super Micro says review found no malicious chips in motherboards

    12/11/2018 9:56:49 AM PST · by Swordmaker · 14 replies
    By Joseph Menn ^ | December 11, 2018 | Reuters
    SAN FRANCISCO, Dec 11 (Reuters) - Computer hardware maker Super Micro Computer Inc told customers on Tuesday that an outside investigations firm had found no evidence of any malicious hardware in its current or older-model motherboards. In a letter to customers, the San Jose, California, company said it was not surprised by the result of the review it commissioned in October after a Bloomberg article reported that spies for the Chinese government had tainted Super Micro equipment to eavesdrop on its clients. Nardello tested samples of motherboards in current production and versions that were sold to Apple Inc and Amazon.com...
  • House-flipping is down, Wall Street Journal frets

    12/11/2018 8:59:22 AM PST · by SeekAndFind · 29 replies
    American Thinker ^ | 12/11/2018 | Jack Hellner
    The Wall Street Journal reports that speculation on housing by house-flippers is down, and the writers seem to treat that as a bad sign for housing. Small-time investors who flooded into real estate in the past decade to take advantage of low borrowing costs and rising home values are starting to cut back. The moves indicate that the market's short-term risk-takers see limited upside – and possible turbulence – ahead. I believe that it is actually an excellent thing when speculative bubbles get gradually deflated. If the speculative bubbles deflate naturally and gradually, there is much less risk of a...
  • 10,400 Verizon workers quit their jobs. That's a good sign for the economy

    12/11/2018 8:39:27 AM PST · by SeekAndFind · 30 replies
    CNN ^ | 12/10/2018 | By Lydia DePillis
    A lot of people want to quit their jobs at Verizon, and that's a really good sign for the economy. In a drive to cut costs and shift investments as it rolls out 5G service, the company announced on Monday that 10,400 management employees had accepted voluntary buyout deals, out of 44,000 who were eligible. That might have been partially due to the fact that the terms of severance were generous, at three weeks of pay for each year of service, capped at 60 weeks. But it's likely there's a larger factor at play: The unemployment rate is now 3.7%,...
  • BOOM! China Moves to Lower Tariffs on US Cars from 40% to 15%

    12/11/2018 8:26:28 AM PST · by bitt · 30 replies
    GATEWAY PUNDIT ^ | 12/11/2018 | Jim Hoft
    HUGE ECONOMIC NEWS THIS MORNING— China moved to reduce tariffs on US cars from 40% to 15% in the latest sign of their willingness to negotiate a trade deal with President Trump.... ...Despite the Deep State DOJ’s best efforts to ruin the trade deal and punish Americans China is committing to a new trade agreement with the Trump administration.
  • Trump administration proposing major rollback of water rules

    12/11/2018 8:22:57 AM PST · by Olog-hai · 34 replies
    Associated Press ^ | December 11, 2018 | Ellen Knickmeyer
    The Trump administration is poised to withdraw federal protections for countless waterways and wetlands across the country, making good on President Donald Trump’s campaign pledge to weaken landmark water rules long resented by some developers, farmers and oil, gas and mining executives. Environmental groups said the Trump administration proposal would have a sweeping impact on how the country safeguards the nation’s waterways, scaling back not just a 2015 Obama administration interpretation of federal jurisdiction over the nation’s waters, but also how federal agencies enforce the 1972 Clean Water Act. […] The changes would affect what waterways and wetlands fall under...