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Keyword: business

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  • The model minority is losing patience

    10/07/2015 2:13:41 PM PDT · by MadIsh32 · 35 replies
    The Economist ^ | 10/07/2015
    MICHAEL WANG, a young Californian, came second in his class of 1,002 students; his ACT score was 36, the maximum possible; he sang at Barack Obama’s inauguration; he got third place in a national piano contest; he was in the top 150 of a national maths competition; he was in several national debating-competition finals. But when it came to his university application he faced a serious disappointment for the first time in his glittering career. He was rejected by six of the seven Ivy League colleges to which he applied. “I saw people less qualified than me get better offers,”...
  • Q3 Earnings Will Be Weak, And It's Not Just Energy

    10/07/2015 4:06:06 AM PDT · by expat_panama · 15 replies
    Investors Busniness Daily ^ | 10/06/2015 | CIARAN MCEVOY
    The third quarter was a bumpy ride for investors, with violent swings in stocks, weakness in China, Federal Reserve uncertainty and a battered energy sector. Now, earnings season will likely show how companies struggled to handle those headwinds. S&P 500 companies are expected to report that Q3 profits fell 4.4% on a 3.5% revenue drop, according to analysts tracked by Thomson Reuters. Excluding energy, S&P 500 companies are expected to grow earnings 3.2% and sales 2.1%. Either way, that would be the worst since Q3 2012. Actual results are likely to be a couple of percentage points higher than official...
  • Can the U.S. Remain An International Financial Center?

    10/01/2015 4:37:22 AM PDT · by expat_panama · 7 replies
    Real Clear Markets ^ | October 1, 2015 | Daniel Gallagher & Hal Scott
    For as long as most of us can remember, the U.S. capital markets have been the envy of the world, promoting the free movement of capital and propelling innovation and growth within a framework of stability and the rule of law. But can the U.S. remain an international financial center? To be blunt, the answer is no-at least, not without major reforms. This may surprise many who are comfortable thinking of the U.S. capital markets as the envy of the world. But increasingly, our foreign counterparts view us not with envy, but as a cautionary tale. Concerns regarding the competitiveness...
  • 12 Trump Businesses that went belly-up

    Donald Trump catapulted himself into the spotlight with his gilded real estate ventures and vibrant personality. The latter is what has made his show "The Apprentice" such a huge success. And over the years, he's had an opinion or two about the business world. "In the end, you're measured not by how much you undertake but by what you finally accomplish," Trump once said. But like any successful business person, Trump has had his share of setbacks. Here, we present to you 12 Trump businesses that went belly up or no longer exist.
  • Obama Calls GOP Obstructionism America’s Biggest Threat [semi-satire]

    09/21/2015 11:48:06 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 19 Sep 2015 | John Semmens
    In a speech before the Business Roundtable President Obama urged corporate leaders to lobby the Republican Congress and ask their representatives to support increased budgetary authority. “Republican propaganda would cast Chinese hackers, Russian military adventures, or Islamic terror as the gravest threats to our way of life,” the president said. “Don’t fall for it. Nothing is as great a threat as the possibility that the omnibus budget won’t be approved in time to avert a government shutdown.” While not totally dismissing these other dangers, Obama told the business leaders that “these are more distant and dissipated sources of trouble. Even...
  • Trump Personal Business Distractions

    09/20/2015 11:44:57 AM PDT · by NGC 6822 · 94 replies
    For weeks I have been wondering why no media reporter, GOP candidate, debate moderator, network political analyst or individual citizen has asked Mr. Trump a very simple and basic question. “Mr. Trump, if you are elected president, who will manage your businesses?” I do not think this is a trivial question. The job of president demands 100% mental dedication and cannot tolerate conflicts with personal business interests. Owning an on-going business is not the same as putting a stock portfolio in a blind trust. To be sure Mr. Trump does have many managers to run day-to-day operations. But, I see...
  • Editorial: Governor’s energy plan is excellent future blueprint

    09/20/2015 8:10:27 AM PDT · by brownwill6767 · 1 replies
    Albuquerque Journal ^ | 9/20/15 | Albuquerque Journal Editorial Board
    New Mexico has a wealth of energy resources. And now it has a comprehensive plan to help guide development of those riches to grow the state’s economy. Last week at the 2015 Southeastern New Mexico Mayor’s Energy Summit in Carlsbad, Gov. Susana Martinez laid out a broad “all of the above” energy policy. “There is no reason we shouldn’t be an energy leader,” she later told attendees at the eighth annual Domenici Public Policy Conference in Las Cruces. Her plan embraces a wide range of energy sources, ranging from oil and gas to solar, wind and up-and-coming technologies, such as...
  • Trump throws more barbs about Fiorina's business record

    09/18/2015 1:00:01 AM PDT · by Vision Thing · 47 replies
    this is CNN ^ | September 18, 2015 | Jeremy Diamond
    Donald Trump couldn't resist the opportunity on Thursday to knock businesswoman Carly Fiorina during a campaign stop in New Hampshire. "I thought I'd wait a couple of days before I expose her business failure," Trump said. "But honestly, it's so ridiculous." But Halyna Sorensen's question during a town hall-style event that drew 3,000 people was too perfect for Trump to turn down, sending Trump spiraling into the latest iteration of his criticism of Fiorina's controversial business record -- not just at Hewlett-Packard, but at a lesser-known technology company called Lucent. Sorensen, 66, was a Lucent employee when Fiorina took over...
  • Bernie Sanders (Like All Socialists) is a Thief Claiming to be a Humanitarian

    09/15/2015 10:58:38 AM PDT · by TBP · 26 replies
    Godfather Politics ^ | September 15, 2015 | Gary DeMar
    Most people don't know what a socialist is. Socialist sounds too much like "social." A socialist, I suspect, for most Americans means to be "social." Who could be opposed to that? Bernie Sanders is a Socialist. In reality, he's a theft using the respectability of the United States Senate as cover for his criminal views. Like all socialists, Sanders believes it's OK to steal from people if he can get enough votes and enough support from the people he will be stealing for -- the beneficiaries of his thieving ways. Of course, Sanders isn't the only socialist in Congress. Most...
  • Everything you want to know about Donald Trump's bankruptcies

    09/06/2015 2:12:30 AM PDT · by Cincinatus' Wife · 204 replies
    CNN-Money ^ | September 1, 2015 | Chris Isidore
    ".... Trump claims that successful businesses file for bankruptcy all the time. At the debate he said "virtually every person that you read about on the front page of the business sections, they've used the [bankruptcy] law." But the facts don't back that comment up. Despite high profile examples, including General Motors (GM), Lehman Brothers and most of the nation's major airlines, fewer than 20% of public companies with assets of $1 billion or more have filed for bankruptcy in the last 30 years, according to data from and S&P Capital IQ. Trump has never filed for personal bankruptcy....
  • Gov’t Accuses Company Of Discrimination Over Employees Having To Prove Citizenship Status

    09/04/2015 4:50:03 PM PDT · by Enlightened1 · 27 replies
    The Washington Free Beacon ^ | 09/03/15 | Joe Schoffstall
    The Department of Justice has accused a business of discrimination due to the company requiring employees to show proof of citizenship for employment. The DOJ claims that Nebraska Beef Ltd., a Nebraska-based meat packing company, “required non-U.S. citizens, but not similarly-situated U.S. citizens, to present specific documentary proof of their immigration status to verify their employment eligibility.” After receiving pressure from the government, Nebraska Beef agreed to pay $200,000 in a civil penalty settlement and said they will establish an uncapped back pay fund for people who lost wages because they could not prove they are in the country legally....
  • U.S. stock futures rise ahead of jobless claims, ECB meeting

    09/03/2015 4:36:49 AM PDT · by expat_panama · 33 replies
    Market Watch ^ | Sept 3, 2015 | Sara Sjolin
    U.S. stock futures were comfortably in positive territory Thursday ahead of U.S. jobless claims data, as well as the latest policy decision from the European Central Bank. The early move follows an upbeat session in Asia, where the volatile Chinese markets are closed for two days. Futures for the Dow Jones Industrial Average YMU5, +0.24% climbed 67 points, or 0.4%, to 16,397, while those for the S&P 500 index ESU5, +0.20% added 7.15 points, or 0.4%, to 1,954.25. Futures for the Nasdaq 100 index NQU5, +0.21% gained 24 points, or 0.6%, to 4,284. The indicated advances come after all three...
  • How This New Government Ruling Destroys the Franchise Business Model

    08/29/2015 8:04:06 AM PDT · by Rusty0604 · 55 replies
    The Daily Signal ^ | 08/28/2015 | James Sherk
    The National Labor Relations Board (NLRB) just issued a ruling likely to destroy the franchise business model. To understand how far-reaching this could be, it should be noted that almost 9 million Americans work at over 780,000 franchised businesses. From Jiffy Lube to Terminex to Wendy’s, franchises enable many Americans to run their own small businesses without having to design and market everything from scratch. Franchising is a particularly important opportunity for minority entrepreneurs. Franchises are almost 50 percent more likely to be minority-owned than non-franchised businesses. If this ruling stands, minority Americans won’t get that chance. The recent ruling...
  • Number of Michigan Schools Privatizing Services Grows to 70 Percent

    08/25/2015 6:51:34 AM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 8/23/2015 | James Hohman
    There are more Michigan public schools contracting out food, custodial or transportation services than ever, according to the Mackinac Center’s latest survey of school districts. This year, 70.8 percent of school districts use private-sector vendors to clean buildings, get kids to school, or cook and serve school meals. This is up from 66.6 percent the previous year. Getting more of the private sector involved in a supporting role in school districts is a long-term trend. In 2001, only 31 percent of districts contracted out these services and it took a decade before more than half of districts contracted out. Our...
  • China's stock markets opens sharply lower as rout shows no sign of let-up

    08/24/2015 6:54:40 PM PDT · by Pete from Shawnee Mission · 24 replies
    South China Morning Post ^ | Tuesday, 25 August, 2015, 9:18 pm EST | Enoch Yiu
    Shanghai shares crumbled from fresh selling on Tuesday as a rout shows no sign of slowing down in the market as investors flee the market. The Shanghai Composite Index opened at 3,004.13 point, down 6.41 per cent, or 205.87 points. The CSI300 index of Shanghai-Shenzhen large cap stocks opens at 3,070.01 , down 6.27 per cent or 205.52points. The Shenzhen Composite Index opens at 1,751.28, down 6.97 per cent or 131.18 points. The NASDAQ-style ChiNext Price Index dropped 6.94 per cent, or 149.30 points to open at 1,996.04..
  • Staring into a void, investors pull cash from harm's way

    08/20/2015 5:29:26 PM PDT · by SkyPilot · 59 replies
    Yahoo Finance ^ | 20 Aug 15 | By Michael Santoli
    If nature abhors a vacuum, investors aren’t so crazy about them either. It’s hard to avoid all the voids right now. The August Wall Street vacation evacuation is well underway, markets are facing an absence of inflation, huge air pockets underneath commodities and emerging-market currencies – and a vexing lack of clarity about what the Fed might do in less than a month’s time. The collective response to this environment devoid of strong conviction has been to pull cash out of riskier markets and wait. Barclays Capital says more than $90 billion has sought the shelter of money-market funds in...
  • S&P erases gains for year as stocks plunge 2% on Fed, growth concerns

    08/20/2015 5:18:45 PM PDT · by SkyPilot · 31 replies
    CNBC ^ | 20 Aug 15 | CNBC staff
    U.S. stocks closed near session lows on Thursday, off more than 2 percent, as investors weighed continued uncertainty about the timing of a rate hike and concerns about global growth headed by slowing in China. The S&P 500 and Dow Jones industrial average both had their worst day since Feb. 3, 2014. "I think the markets are overly pessimistic," said Anthony Valeri, investment strategist at LPL Financial. "I think this sentiment is panicking over news from China, the Fed (and) oil at six-year lows." Weakening in emerging market currencies on the heels of China's yuan devaluation last week added to...
  • TRADER: Prepare For 'The Most Bullish Event For Equities In 2015'

    08/19/2015 9:28:51 AM PDT · by blam · 11 replies
    BI ^ | 8-19-2015 | Akin Oyedele
    Akin Oyedele August 19-2015 Dave Lutz at Jones Trading says a rate hike from the Federal Reserve will be the best thing that happens to the stock market this year. One big concern around rate hikes is that higher borrowing costs put pressure on company earnings, and ultimately, on stocks. However, Lutz noted in a client email on Wednesday that investors would see a rate hike as a clear sign that the economy is on the up. Other analysts have pointed out that stocks have rallied in the months leading up to, and for at least six months after a...
  • Breaking the Rules

    08/19/2015 5:06:24 AM PDT · by Kaslin · 12 replies ^ | August 19, 2015 | John Stossell
    Humans need rules. Rules make life more predictable. But when the rules multiply, the world needs some rule-breakers. The creator of the underground website Silk Road, Ross Ulbricht, was sentenced to life in prison for creating an online space that allowed people to use bitcoins to buy and sell things. Some used Silk Road (named after Marco Polo's trading route from China) to sell illegal drugs. People do that anyway, even without Silk Road; since the site's closing, numerous similar websites have taken its place. The prosecution implied (but never really argued) that Ulbricht planned murders. That would certainly be...

    08/18/2015 6:40:15 PM PDT · by Lorianne · 48 replies
    Burning Platform ^ | 15 August 2015
    The government issued their monthly retail sales this past week and four of the biggest department store chains in the country announced their quarterly results. The year over year retail sales increase of 2.4% is pitifully low in an economy that is supposedly in its sixth year of economic growth with a reported unemployment rate of only 5.3%. If all of these jobs have been created, why aren’t retail sales booming? The year to date numbers are even worse than the year over year numbers. With consumer spending accounting for 70% of our GDP and real inflation running north of...
  • AT&T/Verizon-NSA Partnership Shows Why Government And Businesses Shouldn’t Mix

    08/17/2015 6:39:15 AM PDT · by MarvinStinson · 3 replies
    hotair ^ | August 16, 2015 | Taylor Millard
    Excerpt: One of the biggest complaints in the original 2009 tea party protests was the government’s decision to bail out the banks, plus the auto industry. FreedomWorks compared ex-Congressman Barney Frank to Wesley Mouch from Atlas Shrugged, Heritage Foundation wrote the auto bailout was sold on empty promises, and Michelle Malkin pointed out how many earmarks there were in the 2009 omnibus spending bill. It’s something conservatives and libertarians have complained about for years. Governments and businesses shouldn’t mix at all. A prime example is NSA’s team up with AT&T (and Verizon) to spy on the Internet The N.S.A.’s top-secret...
  • Donald Trump scrutinised on link to alleged Australian pyramid scheme (Misleading headline)

    08/14/2015 3:11:35 PM PDT · by 2ndDivisionVet · 15 replies
    The Australian Financial Review Magazine ^ | August 14, 2015 | John Kehoe
    Donald Trump's endorsement of a phone marketing company pursued by the Australian consumer watchdog for allegedly operating as a pyramid scheme, has put the American presidential candidate's business dealings under new scrutiny. Mr Trump earned more than a $1 million from promoting ACN, a North Carolina multilevel marketing firm that the former reality TV show host trumpeted as making "amazing" video phones. "I simply can't imagine anybody using this phone and not loving it," Mr Trump reportedly said in 2011, as part of a promotion tied to the Celebrity Apprentice show he fronted. However, the video phone failed to be...
  • Putin does a self-goal by destroying EU-origin food

    08/13/2015 6:16:42 AM PDT · by Hombre Malevo · 1 replies
    Strafor ^ | 08/13/2015 | George Friedman
    Russia's standard of living is being tested by Moscow's attempt to prove a point to the West. Despite the rampant criticism, the Russian government is standing behind its move to limit illegal food imports
  • Tesla burns cash and loses more than $4,000 on every car it sells

    08/09/2015 10:29:21 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 08/08/2015 | JOSEPH WHITE AND PAUL LIENERT, REUTERS
    It's crunch time for Tesla Motors. The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. Chief Executive Elon Musk said he's considering options to raise more capital and didn't rule out selling more stock. Musk has taken investors on a thrill ride since taking Tesla public in 2010. Now he's given himself a deadline, promising that by...
  • A phrase that altered history: "I do not choose to run..."

    08/08/2015 1:42:32 PM PDT · by re_nortex · 37 replies
    August 8, 2015 | Self
    It was 88 years ago this month that President Calvin Coolidge handed out strips of paper (that he cut himself) to members of the press during a brief conference with these words: I do not choose to run for President in 1928. This stunning event took place at the Summer White House in the Black Hills of South Dakota on August 2, 1927. The implications of Coolidge not actively seeking the Republican presidential nomination for 1928 reverberate to this day. While the terse phrasing appeared to leave the door open for a draft movement, the result was that Herbert Hoover...
  • Wall Street gears up for nonfarms Friday

    08/07/2015 4:34:43 AM PDT · by expat_panama · 9 replies
    Yahoo Finance ^ | Fri, Aug 7, 2015, | staff
    U.S. stock index futures indicated a higher open on Friday with investors eyeing the latest release of U.S. jobs data, which are due at 8:30 a.m. ET. The economy is expected to have added 223,000 nonfarm payrolls in July, enough to allow the U.S. Federal Reserve to pull the trigger on its first rate hike in nine years. The Fed will consider a possible first rate hike at its September 16 and 17 meeting, but economists say that even with a strong jobs report, it is far from clear cut when the central will move off of the zero fed...
  • Here’s Exactly How Much More Money You Will Spend on Fast Food If Workers Get $15 Minimum Wage

    08/01/2015 7:41:59 AM PDT · by Hojczyk · 52 replies
    Ijreview ^ | July 31, 2015 | REID MENE
    Researchers at Purdue University’s School of Hospitality & Tourism Management recently asserted that if McDonald’s were to pay their employees $15 an hour, the cost of a ‘Big Mac’ would go up by 17 cents. According to the study’s findings, the proposed minimum wage hike would, in general, spike the average meal cost at a limited-service establishment to upwards of 30 more cents a visit: Another option proposed by Ghiselli to accommodate the minimum wage increase would be to downsize menu items. For example, burgers would see a 12% decrease in size at most establishments.
  • The Donald Phenomenon — Part One

    07/31/2015 10:02:50 AM PDT · by Oldpuppymax · 7 replies
    Coach is Right ^ | 7/31/15 | Ed Wood
    Ever since Donald Trump literally exploded onto the political scene, tens of thousands of words have been written by all stripes of political junkies trying to figure out just what do we have here. Is he a shoot-from-the-hip kind of loudmouth, as he is being made out to be, or is he perhaps the real thing? Is he the kind of true believer we haven’t seen since the days of Harry S Truman? A few of you may be old enough to remember that Ol’ Harry called ‘em as he seen ‘em. He publicly likened the smell of his political...
  • Trump’s business plan for media apprentices

    07/31/2015 9:41:33 AM PDT · by Sean_Anthony · 12 replies
    Canada Free Press ^ | 07/31/15 | Judi McLeod
    Trumping the Media America: If you want to get past the malignant force choking off every last scrap of your liberty and freedom, you have to go back to school, the one that instructs you how to deal more effectively with an in-the-government’s-pocket mainstream media. With the Republican majority sent to D.C. now in league with the Democrats, there’s no other way. Rooting out self-serving politicians ruining the lives of the average means getting by a media dedicated to keeping them in office.
  • The thing about flat stock markets [The Market Is Running Out of Breath & Breadth]

    07/31/2015 5:30:56 AM PDT · by expat_panama · 25 replies
    Fortune ^ | July 30, 2015 | oshua Brown
    Flat markets, like the one we are in right now, do not suggest any particular outcome when the S&P 500 finally breaks out of its slumber. You might have looked at your last brokerage statement and wondered why you’re no longer seeing the asset balance increasing like it had been. You may have taken a glance at your 401(k) the other day and wondered why it’s barely budged since Thanksgiving, excluding the contributions you’ve been making every two weeks. You’re not crazy. The U.S. stock market has essentially gone nowhere... [snip] Market watchers have noted that the trading range (difference...
  • Diagnosing the World's Economic Malaise

    07/30/2015 3:34:09 AM PDT · by expat_panama · 29 replies
    Investors Busniness Daily ^ | 07/29/2015 | ROBERT J. SAMUELSON
    To understand the economy, you've got to resort to psychology. Throughout the recovery, forecasters — including those at the Federal Reserve and the International Monetary Fund — have repeatedly overestimated the economy's strength. They've predicted faster economic growth than has occurred.The main reason for the errors, I have argued, is that the forecasters have underestimated the influence of the financial crisis and Great Recession on people's confidence. Lower confidence reduced Americans' willingness to spend. My argument has applied to the United States. Some new figures now suggest that the same phenomenon operates globally.The figures come from the Pew Research Center,...
  • 11-Year-Old Runs Successful Ice Cream Business

    07/24/2015 2:46:07 PM PDT · by nickcarraway · 15 replies
    KDSK | July 24, 2015
    11-Year-Old Runs Successful Ice Cream Business
  • State's Corporate Welfare Agency Has a History of Secrecy

    07/22/2015 6:02:55 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 7/21/2015 | Jack Spencer
    Since its creation in 1999 as the state's primary agency in charge of economic development programs, the murky, nontransparent nature of the Michigan Economic Development Corporation has been a concern. Former Democratic State Rep. Joseph Rivet of Bay City says he raised alarms about it soon after then-Gov. John Engler created the MEDC. Engler created the agency by means of an executive order authorizing a so-called interlocal agreement between a state department and local economic development agencies. It replaced another Engler creation, the Michigan Jobs Commission. The rationale for its unusual structure was to give the agency greater flexibility than...
  • Town centre booms after thieves smash up every parking meter

    07/16/2015 6:58:06 AM PDT · by Blackyce · 12 replies ^ | 07/16/2015 | ALIX CULBERTSON
    Cardigan Council bosses have been struggling to find Ł22,500 needed to repair the four pay-and-display machines in the Welsh town's main carpark - much to the delight of shopkeepers who have reported a rush of shoppers enjoying hours of free parking. The vandalism has accidentally exposed the fact that parking meters, far from generating revenue for a town, appear to cripple trade and kill town centres. Locals and visitors to the picturesque town with a Norman castle have been thronging the town which had previously seen a dearth of shoppers due to having to pay for a limited amount of...
  • Subprime Revisionism In Clinton’s War On Wall St.

    07/16/2015 5:10:14 AM PDT · by expat_panama · 16 replies
    Investors Busniness Daily ^ | 7/15/2015 | IBD Editorial
    2016: If only Wall Street bankers had listened to St. Hillary during the subprime mortgage frenzy. She now claims she warned about the risky loans. Yep, a Clinton actually went there. Her campaign may regret it. While bashing Wall Street for risky acts and "criminal behavior," Clinton in her first economic stump speech portrayed herself as the voice of financial sanity in a casino of wild greed. "As we all know, in the years before the crash, financial firms piled risk upon risk," she intoned, "and regulators in Washington either wouldn't or couldn't keep up. "I was alarmed by this...
  • Fed, China, earnings on radar for Wall Street

    07/15/2015 4:08:22 AM PDT · by expat_panama · 12 replies
    Yahoo Finance ^ | Jul 15, 2015 | Dhara Ranasinghe
    U.S. stock futures ticked higher on Wednesday, with a note of caution taking hold ahead of a speech by U.S. Federal Reserve Chair Janet Yellen to Congress later in the day. Second-quarter earnings season, a key vote in Greece's parliament to pass legislation needed to secure a third bailout and renewed turbulence in China's stock market were also in focus. Having closed higher on Tuesday, stock futures pointed to a slightly positive open for Wall Street shares with Dow Jones industrial futures up just 10 points in early London trade. Fed chief Yellen appears before the House Financial Services Committee...
  • US stocks seen higher on Greek deal

    07/13/2015 4:08:01 AM PDT · by expat_panama · 16 replies
    Yahoo Finance ^ | Mon, Jul 13, 2015 | Dhara Ranasinghe
    U.S. stock markets were tipped to open higher on Monday following news that Greece and its international creditors have reached a bailout agreement. European Council President Donald Tusk said early on Monday that euro zone leaders reached an unanimous agreement with Greece after all-night talks in Brussels to move forward with a bailout loan for Greece provided Athens implement tough reforms. "Markets have responded very positively to the news, which comes following months of uncertainty and increasing fears that Greece could suffer a messy exit from the euro zone," Craig Erlam, a senior market analyst at currency trading firm OANDA....
  • Progressive Paradise Lost

    07/04/2015 10:07:58 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The Daily Signal ^ | July 1, 2015 | Salim Furth
    It’s a progressive paradise.Public employees get 30 vacation days a year. Anyone who works over eight hours in a day gets paid time-and-a-half. Employees have strong rights.The minimum wage is high: 77 percent of the median wage.Environmental regulations are settled beyond the pressure of local economic interests. The forests and mountains are pristine destinations for ecotourism.Energy costs are kept high, pushing consumption down to a level deemed “socially beneficial”. Utilities have strong public backing and provide jobs to thousands.Union jobs in shipping are protected from outsourcing to cut-rate foreign competitors.The social safety net is buoyant and provides a solid working-class standard...
  • Dollar firms before payrolls, Greece unease simmers

    07/02/2015 3:22:23 AM PDT · by expat_panama · 10 replies
    Yahoo Finance ^ | Jul 2, 2015 | Marc Jones
    LONDON (Reuters) - The dollar was near a three-week high on Thursday and world stock markets had a delicate feel, as the implication of U.S. jobs data later for a possible Fed rate hike added to Europe's uncertainty over Greece. Chinese shares also remained in focus as they suffered another heavy tumble overnight to take their loses over the last six weeks to 25 percent, countering otherwise solid performances in the rest of Asia's main centres.Europe's main bourses in London, Frankfurt and Paris and Milan opened largely flat having rallied on Wednesday but the mood remained skittish after hopes of...
  • Yellen says the Fed will be less predictable

    07/01/2015 4:57:07 AM PDT · by expat_panama · 27 replies
    Yahoo Finance ^ | February 25, 2015 | Joanna Campione
    ...Federal Reserve chair told the Senate Banking Committee on Tuesday the central bank is in no hurry to raise interest rates. Yellen once again stressed the word "patience." On Wednesday, she appears before the House of Representatives' Financial Services Committee. Yellen talked about a solid and improving economy but also about disappointing labor force participation and anemic wage growth. She said it would be several months before the Fed would boost rates. Stocks soared on the news with both the S&P 500 and Dow closing at record highs. The Nasdaq also saw healthy gains and is now less than 1%...
  • Transgender is yesterday's news: How companies are grappling with the 'no gender' society

    06/30/2015 10:39:37 AM PDT · by rbg81 · 37 replies
    Fortune Magazine ^ | 6/29/2015 | Vivian Giang
    Facebook now offers more than 50 ways for users to identify their gender. Says one exec, “Gender neutral is kind of the new thing.” With Bruce Jenner’s transition to Caitlyn, transgender issues have become front and center in the mainstream cultural conversation. But among many young people, there is a much bigger conversation going on about gender. The whole notion of “binary” — female and male — gender norms is being seen as limiting, and unnecessary. At elite liberal arts colleges like Vassar and Wesleyan, students have earnest conversations about gender being a “social construct,” and bathrooms are “gender neutral,”...
  • Global markets slide on Greek crisis fears

    06/29/2015 4:26:42 AM PDT · by expat_panama · 24 replies
    CNBC ^ | Jun 29, 2015 | Kalyeena Makortoff
    The deepening Greek crisis hit global markets on Monday, as the country imposed capital controls ahead of a national referendum on creditors' bailout conditions. Uncertainty surrounding the country's economic future dragging equity markets lower. European markets were trading sharply lower, with the pan-European Stoxx 600 (^STOXX) falling around 2.4 percent in morning trade. Both Germany's DAX (^GDAXI) and France's CAC (Euronext Paris: .FCHI) fell nearly 3.5 percent. U.S. futures also indicated a lower open, with the Nasdaq (^NDX), S&P (^GSPC) and Dow Jones Industrial Average (Dow Jones Global Indexes: .DJI) all seen opening down over 1 percent. Greece's main stock...
  • The 9-to-5 office workday is dying in America

    06/28/2015 4:43:41 PM PDT · by CorporateStepsister · 42 replies
    MSN News ^ | June 28 2015 | Max Nisen
    With the rise of flexible working schedules, the freelance economy, and video conferencing, more Americans are getting their jobs done without ever heading into an office, according to new data from the American Time Use Survey released by the Bureau of Labor Statistics. Among all workers, 23% report spending all or part of their day working from home. That’s up from less than 19% in 2003, the first year for which there’s comparable data.
  • Freeper/conservative-owned online or store-front business owners I can patronize?

    06/28/2015 9:20:39 AM PDT · by mom3boys · 21 replies
    Vanity | 6/28/15 | Vanity
    I would love to patronize Freeper-owned or conservative-owned businesses online and brick-and-mortar stores. Are there any Freepers who own one or could point me in the right direction? I wish we had a "Classified Ad" thing here on FR.
  • Obama's 'Disparate Impact' Witch Hunt Vs. Banks Gets Surprise Court Blessing

    06/26/2015 4:05:55 AM PDT · by expat_panama · 18 replies
    Investors Busniness Daily ^ | 06/25/2015 | [editors]
    Civil Rights: The Supreme Court has given the White House license to water down, if not destroy, virtually every standard dealing with housing. There's nothing stopping its push for affirmative-action lending and zoning. In a shocking 5-4 decision, the high bench ruled that housing- and lending-discrimination lawsuits based on no proof other than statistics showing different outcomes by minority groups are within the bounds of civil-rights law. It agreed with housing-rights zealots that zoning and underwriting policies that have a harmful effect — or disparate impact — on minorities are illegal, even if that harm is unintentional. Sometime-conservative Anthony Kennedy...
  • US economy not as bad in 1st quarter, paving way for rebound

    06/25/2015 4:46:03 AM PDT · by expat_panama · 38 replies
    AP News ^ | Jun 24, 2015 | AP News
    The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter. The economy, as measured by the gross domestic product, shrank at a seasonally adjusted annual rate of 0.2 percent from January through March, the Commerce Department said Wednesday. That's better than last month's estimate of a 0.7 percent decrease. Harsh winter weather slowed spending by keeping consumers away from shopping malls and auto dealerships. The trade deficit ballooned, slicing growth by...
  • Hopes for last-ditch Greek deal lift global stocks

    06/22/2015 5:28:18 AM PDT · by expat_panama · 17 replies
    Reuters ^ | Jun 22, 2015 | Jamie McGeever
    Juncker called the latest proposals from Greece a "good basis for progress", while EU Economic Commissioner Pierre Moscovici said he was "convinced" agreement will be reached. Spain's finance minister Luis de Guindos said a deal was not possible on Monday, however, meaning it may be the scheduled leaders summit on Thursday before any agreement is reached. Investors appeared willing to give the protagonists in the saga the benefit of the doubt. "The odds seem to shift in favor of a compromise," said Rainer Guntermann, rates strategist at Commerzbank. At mid-session in Europe, Germany's DAX .GDAXI and France's CAC 40 .FCHI...
  • 4 Tips to Avoid Road Tolls This Summer

    06/18/2015 6:56:30 AM PDT · by Tolerance Sucks Rocks · 17 replies
    Time ^ | June 4, 2015 | Brad Tuttle
    We've got a secret the rental car companies would prefer you didn't know. people camping in RV More The Cheapest Way to Roadtrip Might Surprise You 3 Ways to Avoid Costly Rental Car Insurance These Are the Most Hated Fees in America This won’t come as news to commuters and frequent road trippers, but drivers are encountering more and more toll roads, as well as higher and higher tolls on the existing ones. The latest example is I-10 in Texas, where plans called for the maximum toll during peak travel hours to shoot from $7 to $10 as of May...
  • 7 Years After Crisis, Americans Still Spooked Over Stocks

    06/18/2015 5:18:31 AM PDT · by expat_panama · 15 replies
    Investors Center ^ | Jun 17th 2015 | Rich Smith
    U.S. flags fly over the New York Stock Exchange early Tuesday morning Jan. 22, 2008. Seven years after the financial crisis (and six years after Warren Buffett declared it to be over), Americans are still leery of getting back into stocks. That's the upshot of a poll recently released by Gallup, which confirmed that while no longer quite as negative on stocks as they were a couple of years ago, American investors still haven't returned to the levels of stock ownership seen before the crisis -- or even in its immediate aftermath. Once Burned, Still Shy In the run-up...
  • When Should Countries Pay Down Their Deficits?

    06/17/2015 5:20:57 AM PDT · by expat_panama · 16 replies
    Real Clear Markets ^ | June 17, 2015 | William Gale & Diane Lim
    A recent study by three researchers at the IMF addresses an important question: Under what circumstances should a country pay down its public debt? When countries face fiscal crises, they have no choice but to cut debt. When they need a Keynesian stimulus, they end up raising debt. But what about a country that is not at risk of a fiscal crisis and is near full employment - a country that is in what the researchers call "the green zone?" Should it pay down its debt (reduce its deficit) or pursue other objectives like public investment?The IMF researchers write down...