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Articles Posted by John W

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  • Stocks Build Upon Losses as Alcoa Misses, Oil Decline Accelerates

    10/11/2016 10:09:13 AM PDT · by John W · 5 replies via Yahoo ^ | october 11, 2016 | Keris Alison Lahiff
    Stocks built upon losses on Tuesday as a disappointing quarterly performance from Alcoa soured optimism over earnings season and a drop in crude oil prices accelerated. Alcoa slumped 10% after missing earnings estimates in its recent quarter. The aluminum producer earned an adjusted 32 cents a share, a penny short of forecasts. Sales fell 6% to $5.213 billion, lower than an estimated $5.325 billion.
  • Trump postpones immigration speech

    08/22/2016 3:20:35 PM PDT · by John W · 60 replies ^ | August 22, 2016 | Jeremy Diamond
    (CNN)-Donald Trump is postponing a major immigration speech he was set to deliver Thursday in Colorado as his campaign continues to fine-tune his immigration policy. The decision came after Trump, whose hardline immigration policies appealed to many GOP primary voters, met Saturday with his Hispanic advisory council and said in an interview Monday morning that he wants to "come up with a really fair, but firm" immigration policy. Trump denied in an interview Monday morning on Fox News that he was "flip-flopping" on the issue of illegal immigration. A Trump campaign source said the campaign decided to push back Trump's...
  • Clinton surges to big lead in McClatchey-Marist poll

    08/04/2016 5:14:57 PM PDT · by John W · 38 replies ^ | August 4, 2016 | David Lightman & Lesley Clark
    Democratic presidential candidate Hillary Clinton has surged to a 15-point lead over reeling, gaffe-plagued Republican Donald Trump, according to a new McClatchy-Marist poll.
  • Clinton Opens 12-Point Lead on Trump as Two-Thirds See Him as Biased (POLL)

    06/26/2016 6:48:30 AM PDT · by John W · 132 replies ^ | June 26, 2016 | Gary Langer
    Hillary Clinton surged to a broad advantage against Donald Trump in the latest ABC News/Washington Post poll, capitalizing on Trump’s recent campaign missteps. Two-thirds of Americans see him as biased against groups such as women, minorities or Muslims, and a new high, 64 percent, call Trump unqualified to serve as president. These and other doubts about Trump have produced a sharp 14-point swing in preferences among registered voters, from +2 points for Trump in mid-May, after he clinched the GOP nomination, to +12 points for Clinton now, 51-39 percent. That snaps the race essentially back to where it was in...
  • RIP Mike Flynn, founding editor of Breitbart’s Big Government

    06/24/2016 6:38:30 AM PDT · by John W · 20 replies ^ | June 24, 2016 | Larry O'Conner
    Mike Flynn, the original Editor-in-chief of Andrew Breitbart’s groundbreaking website Big Government, has passed away overnight. The cause of death was not revealed in a statement released by his widow, Holly Flynn: It is with extreme sadness and heartbreak to announce that Mike Flynn, an Editor at Breitbart News, unexpectedly passed away Thursday evening. While Mike had many accomplishments, what he was most proud of, was being an amazing father, husband, son, and friend to all who knew him. The family wishes for privacy at this difficult time. Flynn was one of the original merry band of warriors and generals...
  • Criminal immigrants reoffend at higher rates than ICE has suggested

    06/05/2016 7:22:06 AM PDT · by John W · 8 replies ^ | June 4, 2016 | Maria Sacchetti
    They were among the nation’s top priorities for deportation, criminals who were supposed to be sent back to their home countries. But instead they were released, one by one, in secret across the United States. Federal officials said that many of the criminals posed little threat to the public, but did little to verify whether that was true. It wasn’t. A Globe review of 323 criminals released in New England from 2008 to 2012 found that as many as 30 percent committed new offenses, including rape, attempted murder, and child molestation — a rate that is markedly higher than Immigration...
  • Hoosiers likely to see insurance costs soar

    06/03/2016 10:27:15 PM PDT · by John W · 4 replies
    AP via Fort Wayne Journal Gazette ^ | June 4, 2016 | Brian Slodysko
    INDIANAPOLIS – Individual health insurance costs are expected to climb across Indiana in 2017 as insurers continue to grapple with rising health care expenses and a market that was only recently overhauled by the federal Affordable Care Act. Many who purchase coverage through insurance exchanges created under the law are eligible for subsidies or tax credits to offset costs. But those who make too much money to qualify for federal help will have to pay the full price of coverage – an amount that could nearly double in some cases. That could spell a steep increase for a group of...
  • EXCLUSIVE: Sessions Open To Being Trump’s Running Mate — ‘I Would Consider It’

    05/27/2016 3:06:31 PM PDT · by John W · 73 replies ^ | May 27, 2016 | Alex Pappas
    Amid speculation he is on the short list, Alabama Sen. Jeff Sessions told The Daily Caller on Friday that he “would consider” an offer to be Donald Trump’s running mate, “like any other citizen should,” if offered. It’s the farthest Sessions has gone in publicly acknowledging interest in serving in a potential Trump administration. During an half-hour interview in his Capitol Hill office about a wide-range of topics — including immigration, trade, national security and the 2016 campaign— The DC asked Sessions if he is open to being Trump’s running mate. “If I could help him in some way —...
  • Gov. Mary Fallin named as Republican National Convention Platform Committee co-chairwoman

    05/24/2016 2:47:50 PM PDT · by John W · 14 replies ^ | May 24, 2016 | SAMANTHA VICENT
    Gov. Mary Fallin will serve as one of three leaders on the 2016 Republican National Convention Platform Committee, RNC Chairman Reince Priebus announced Tuesday. Fallin will join North Carolina Congresswoman Virginia Foxx as committee co-chair, while Sen. John Barrasso, R-Wyoming, will serve as chairman of the committee, Priebus said in a news release. The Platform Committee will meet at the 2016 Republican National Convention in Cleveland, Ohio, to "outline the core principles and values of the Republican Party."
  • The scandal in Washington no one is talking about

    05/22/2016 7:27:57 AM PDT · by John W · 27 replies ^ | May 21, 2016 | Paul Sperry
    The deadly-but-forgotten government gun-running scandal known as “Fast and Furious” has lain dormant for years, thanks to White House stonewalling and media compliance. But newly uncovered e-mails have reopened the case, exposing the anatomy of a coverup by an administration that promised to be the most transparent in history. A federal judge has forced the release of more than 20,000 pages of emails and memos previously locked up under President Obama’s phony executive-privilege claim. A preliminary review shows top Obama officials deliberately obstructing congressional probes into the border gun-running operation. Fast and Furious was a Justice Department program that allowed...
  • BREAKING: Second massive earthquake today rocks Ecuador

    05/18/2016 10:30:36 AM PDT · by John W · 21 replies ^ | May 18, 2016 | Rory Mckeown & Tom Evans
    ECUADOR has been hit by ANOTHER powerful earthquake – just hours after a 6.7 magnitude quake struck this morning.
  • Dow, S&P post first 3-week losing streak since January

    05/13/2016 5:05:40 PM PDT · by John W · 3 replies ^ | May 13, 2016 | Evelyn Cheng
    U.S. stocks closed lower Friday, with the Dow Jones industrial average and S&P 500 closing below their 50-day moving averages and posting their first three-week losing streak since January. "I think the market's just gotten extended relative to earnings. This week just had those disappointing retail numbers out of the malls and that has led to a fairly broad sell-off. Most of them have done quite poorly," said Bernie Williams, chief investment officer, USAA Investment Solutions. Consumer discretionary was the fifth-worst decliner, falling more than 1 percent to erase year-to-date gains and joining tech, health care and financials as the...
  • U.S. jobless claims hit 14-month high; analysts blame Verizon strike

    05/12/2016 12:07:35 PM PDT · by John W · 22 replies
    Reuters ^ | May 12, 2016 | Lucia Mutikani
    WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose last week to a more than one-year high, but economists blamed striking telecommunications workers for the surge and said the data did not signal a deterioration in the overall labor market. Another report on Thursday showed import prices increased in April for a second straight month, suggesting the disinflationary impulse from a strong dollar and lower oil prices, which has helped to hold inflation well below the Federal Reserve's 2 percent target, was fading. Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 294,000 for...
  • Obama scolds media about ‘reality show’ Trump coverage

    05/06/2016 12:06:50 PM PDT · by John W · 43 replies
    President Obama scolded the media on Friday over its coverage of Donald Trump’s unorthodox campaign, entreating reporters to skip “the spectacle and the circus” of the 2016 race. He urged reporters to instead dig into the candidates’ positions on the economy and the military. As if on cue, he was then asked about the bombastic entrepreneur’s tweet about a taco bowl. “We are in serious times and this is a really serious job. This is not entertainment, this is not a reality show,” Obama admonished in the White House briefing room. “This is a contest for the presidency of the...
  • Market Shrugs Off ‘Small Pop’ in Jobless Claims

    05/05/2016 7:53:37 AM PDT · by John W · 2 replies
    Barron's ^ | May 5, 2016 | Amey Stone
    Weekly jobless claims, posted early Thursday, rose by 17,000 to 275,000, 14,000 more than expected. It was up from 257,000 reported last week, which was the lowest number since the early 1970′s. Coming off such low numbers, the increase Thursday wasn’t seen as that significant by strategists. Thomas Simons of Jefferies called it “a small pop” and said it was mostly due to seasonal factors.
  • Trump say he’s open to higher minimum wage, goes after Sanders supporters

    05/04/2016 4:21:36 PM PDT · by John W · 24 replies ^ | May 4, 2016 | S. A. Miller
    Presumptive Republican presidential nominee Donald Trump said Wednesday that he was open to raising the federal minimum wage, breaking with the prevailing view of his party. “I’m actually looking at that because I am very different from most Republicans,” Mr. Trump said in an interview on CNN’s. “You have to have something that you can live on.” Mr. Trump has locked up the nomination despite repeatedly breaking with Republican orthodoxy on issues ranging from abortion to trade. The billionaire businessman said he was studying the minimum wage issue and did not know if the current federal minimum wage of $7.25...
  • Dow slides under 18,000 after tepid economic data

    04/28/2016 12:33:06 PM PDT · by John W · 11 replies ^ | April 28, 2016 | Sue Chang & Ellie Ismailidou
    U.S. stocks bounced off session lows on Thursday, but the Dow Jones Industrial Average remained below 18,000-mark after data showed the U.S. economy grew at its slowest pace in two years during the first quarter. Tepid gross domestic product data in the first quarter has prompted investors to reassess whether the market’s current valuation is warranted given muted earnings and slower growth, said Bruce McCain, chief investment strategist at Key Private Bank. “The retreat reflects uncertainties among investor on whether the fundamentals support what they are paying for stocks,” he said. Still, the market is not tanking as much as...
  • Trump: 'I'm only interested in the first ballot'

    04/24/2016 4:37:52 PM PDT · by John W · 93 replies ^ | April 24, 2016 | Rebecca Savransky
    Republican presidential front-runner Donald Trump said Sunday he expects to secure the Republican nomination on the first ballot. "I'm only interested in the first ballot," he said during a rally in Hagerstown, Md. "I'm not interested in second, third, fourth, nineteenth because I'm really interested in winning it early and that's it." Trump said he's not "playing games," adding he's going to win in states that other Republicans are not even going to campaign in. But during the rally, Trump slammed the primary system, calling it unfair. He criticized rival Ted Cruz for "bribing" delegates.
  • Riots, Guns, Bribes: TR's Contested Convention

    04/23/2016 1:07:01 PM PDT · by John W · 6 replies
    The Atlantic ^ | April 23, 2016 | Geoffrey Cowan
    Would a candidate for president of the United States ever officially condone a riot on the floor of a national convention? Would a candidate actually ever seek to provoke one? Should delegates at a convention be permitted to carry guns? Can supporters of a candidate try to buy delegate votes? Could any of these things happen at a contested Republican Convention this year in Cleveland? It seems unlikely, but there would be precedents. Amazingly, in 1912, when Theodore Roosevelt tried to wrest the nomination from William Howard Taft, there were plans for riots, plenty of guns, and more than a...
  • Donald Trump Today Show FULL Town Hall 4-21-2016

    04/21/2016 5:57:11 PM PDT · by John W · 35 replies
    NBC via ^ | April 21, 2016 | NBC Today Show
    Fresh from his victory in the New York primary, Republican front-runner Donald Trump — with his family at this side — paid a visit Thursday morning to the TODAY Plaza to answer voters' questions in a live town hall.
  • Jobless claims drop to 42-1/2 year low as labor market firms

    04/21/2016 5:51:05 AM PDT · by John W · 40 replies
    Reuters via ^ | April 21, 2016 | Reuters
    WASHINGTON, April 21 (Reuters) - - The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting the labor market continued to gain momentum despite weak economic growth. Initial claims for state unemployment benefits declined 6,000 to a seasonally adjusted 247,000 for the week ended April 16, the lowest reading since November 1973, the Labor Department said on Thursday. Claims for the prior week were unrevised. Economists polled by Reuters had forecast claims rising to 263,000 in the latest week. Jobless claims have now been below 300,000, a threshold associated with healthy...
  • Google's chief futurist Ray Kurzweil thinks we could start living forever by 2029

    04/20/2016 5:12:57 PM PDT · by John W · 55 replies ^ | April 20, 2016 | Brandt Ranj
    Ray Kurzweil, Google's chief futurist, laid out what he thinks the next few decades will look like in an interview with Playboy. Kurzweil is one of the biggest believers in The Singularity, the moment when humans — with the aid of technology —will supposedly live forever. He's chosen the year 2045 because, according to his calculations, "The nonbiological intelligence created in that year will reach a level that’s a billion times more powerful than all human intelligence today." But even before 2045, Kurzweil thinks we could begin the deathless process. "I believe we will reach a point around 2029 when...
  • Criminal charges filed against two Michigan officials, one Flint employee in city’s water crisis

    04/20/2016 7:45:39 AM PDT · by John W · 9 replies
    New York Daily News ^ | April 20, 2016 | Meg Wagner
    Three government officials were charged Wednesday in the lead-tainted water crisis that terrorized Flint, Mich. Two officials with the Michigan Department of Environmental Quality and Flint’s laboratory and water quality supervisor were slapped with a slew of criminal charges, the state’s attorney general announced Wednesday. Mike Glasgow, a supervisor at Flint's water plant, is charged with tampering with evidence and willful neglect of office. Prosecutors alleged he meddled with water tests so the results showed less lead than was actually present, MLive reported. Stephen Busch and Mike Prysby — a district supervisor and a district engineer respectively in the state...
  • Drone ban over London and Windsor for US President Barack Obama's visit to see Queen

    04/19/2016 5:31:08 AM PDT · by John W · 24 replies ^ | April 19, 2016 | Neil Lancefield , Gemma Mullin
    Drones have been banned from large parts of London and Windsor while Barack Obama visits the Queen this week. The US President and his wife Michelle will arrive in the UK on Thursday night, just days after a suspected drone hit a British Airways flight landing at Heathrow Airport . An investigation was launched after the pilot of flight BA727 reported his aircraft being struck by an unmanned device on Sunday afternoon with 132 passengers and five crew on board. Flying restrictions will be in place for drones and other aircrafts at various locations in London and the surrounding areas...
  • Donald Trump’s image in Scotland is ‘dreadful, sub-zero’ after golf course fiasco

    04/18/2016 5:03:31 PM PDT · by John W · 150 replies ^ | April 18, 2016 | Alex Putterman
    Almost a decade ago, Donald Trump promised to build the world’s greatest golf course, in Aberdeen, Scotland. The course, Trump International Golf Links, was opened in 2012, no thanks to some windmills and a rebellious farmer, but a Real Sports with Bryant Gumbel report that will air Tuesday night on HBO shows just how much Scotland came to despise Trump over the course of the ordeal. Basically, Trump, in all his bluster, promised massive job creation and beautiful development and expansive investment and (from the Scottish perspective, at least) fell short on all fronts, making far more enemies than friends...
  • Why Cruz Could Beat Clinton

    04/17/2016 5:42:24 PM PDT · by John W · 106 replies ^ | April 17, 2016 | Josh Kraushaar
    Last Novem­ber, I spent a week in Ken­tucky to cov­er one of the most-loathed Re­pub­lic­ans on the bal­lot that year. Matt Bev­in, an am­bi­tious, tea-party-ori­ented busi­ness­man who had chal­lenged Sen­ate Minor­ity Lead­er Mitch Mc­Con­nell in a 2014 Sen­ate primary, was now the GOP’s gubernat­ori­al stand­ard-bear­er in the biggest race in the coun­try. Mc­Con­nell’s ad­visers tried to pre­vent Bev­in from win­ning a di­vided primary. After he se­cured the nom­in­a­tion, Re­pub­lic­an in­siders openly dis­missed his chances of win­ning the gen­er­al elec­tion; they were ex­as­per­ated that he nev­er listened to the party es­tab­lish­ment for ad­vice. Demo­crats be­lieved the preelec­tion polls show­ing their nom­in­ee,...
  • Microsoft sues US over privacy

    04/15/2016 2:25:08 AM PDT · by John W · 3 replies
    AP via Journal Gazette ^ | April 15, 2016 | Brandon Bailey
    SAN FRANCISCO – In the latest clash over privacy rights in the digital age, Microsoft is suing the U.S. government over a federal law that allows authorities to examine customer emails or online files without the individual’s knowledge. The lawsuit comes as the tech industry is increasingly butting heads with U.S. officials over the right to view a wide range of information – including emails, photos and financial records – that customers are storing on smartphones and in so-called “cloud” computing centers. Microsoft says the U.S. Justice Department is abusing a decades-old law, the Electronic Communications Privacy Act, to obtain...
  • NATE SILVER: Donald Trump's chances of locking up the nomination appear to be dwindling

    04/14/2016 10:50:48 AM PDT · by John W · 60 replies ^ | April 13, 2016 | Allan Smith
    Donald Trump's path to clinching the Republican nomination ahead of the party's July convention is looking increasingly improbable, according to FiveThirtyEight editor in chief Nate Silver. Silver's latest delegate projection for Trump showed him finishing at 1,155 delegates — 82 short of the 1,237 needed to secure the GOP bid heading into the convention. That number came from Silver's "deterministic" model — which looked at the most likely outcome for Trump in each state. In Silver's prior projection, Trump picked up 1,208 delegates, still short of the needed number but conceivably an easier difference to overcome. That projection came before...
  • U.S. Jobless Claims Match Lowest Level Since 1973

    04/14/2016 6:26:31 AM PDT · by John W · 39 replies ^ | April 14, 2016 | Anna Louie Sussman and Eric Morath
    WASHINGTON—The number of U.S. workers who applied for new unemployment benefits fell for the second straight week to match its lowest level since 1973, in the latest sign of a robust labor market. Initial claims for jobless benefits, a proxy for layoffs across the U.S. economy, fell by 13,000 to a seasonally adjusted 253,000 in the week ended April 9, the Labor Department said Thursday.
  • Obama says Clinton never jeopardized national security in email case: Fox

    04/10/2016 7:00:24 AM PDT · by John W · 63 replies
    Reuters via Yahoo News ^ | April 10, 2016 | Reuters
    WASHINGTON (Reuters) - U.S. President Barack Obama said Democratic presidential front-runner Hillary Clinton never jeopardized national security in the handling of her emails as his secretary of state. Obama, in an interview broadcast on Fox News Sunday, said Clinton has recognized a carelessness on the email issue in which she used a private server for Government business. "But I also think it is important to keep this in perspective," Obama said. "This is somebody who has served her country for four years as secretary of state, and did an outstanding job."
  • Reminder: Most Republicans Have Voted against Trump

    04/06/2016 3:09:16 AM PDT · by John W · 185 replies ^ | April 5, 2016 | Thomas Sowell
    Donald Trump’s victories in the Republican primaries may make him seem like a sure winner. But those victories have been achieved by receiving either somewhat less than 40 percent of the votes or somewhat more than 40 percent, but never a majority. The fragmenting of the Republican vote among many candidates in the primaries made this possible. But victory in the general election for president of the United States in November is going to require a lot more than 40 percent of the votes. And polls consistently show Mr. Trump to be the most negatively regarded of any of the...
  • Economy may not have grown at all in first quarter

    04/05/2016 6:05:43 PM PDT · by John W · 16 replies ^ | April 5, 2016 | Patti Domm
    It may turn out the economy did not grow at all in the first quarter. Trade data released Tuesday show the U.S. deficit widened more than expected to $47.1 billion in February and was a bigger drag on growth than expected. It's the latest economic metric that chiseled away at the tracking model for first quarter growth. The median of economists who participate in the CNBC/Moody's Analytics Rapid Update is now 0.5 percent for tracking GDP growth, down from 0.9 percent last week. Their average forecast for growth is 1.1 percent.
  • State Dept suspends review into 'top secret' Clinton emails

    04/01/2016 2:49:30 PM PDT · by John W · 17 replies
    Associated Press ^ | April 1, 2016 | Matthew Lee
    WASHINGTON (AP) -- The State Department has suspended its internal review into whether former Secretary of State Hillary Clinton or her top aides mishandled emails containing information now deemed 'top secret." Spokeswoman Elizabeth Trudeau said Friday the department had paused the review to avoid interfering with an ongoing FBI investigation into Clinton's use of a private server while she was America's top diplomat. She said the decision was made after the department sought the FBI's advice on how to proceed with the review and received word that it should follow its standard practice. Trudeau said the department's standard practice is...
  • Donald Trump has collapsed in general election polls

    03/31/2016 11:58:17 AM PDT · by John W · 87 replies ^ | March 31, 2016 | Andrew Prokop
    Donald Trump loves to brag that he's ahead of Hillary Clinton in the polls. "I beat Hillary Clinton in many polls," he repeatedly insisted at a debate earlier this month. Here on planet Earth, that isn't true or even close to true. In 33 general election polls tracked by HuffPost Pollster over the past two months, Trump has led Clinton in just one. Trump now trails Clinton by 9 points in the HuffPost Pollster polling average and by 11.2 points in RealClearPolitics' average — and he's behind Bernie Sanders by even more in both. Any of these showings from Trump...
  • One Weird Trick To Lose The 2016 Election: Alienate Women

    03/29/2016 5:11:53 PM PDT · by John W · 64 replies ^ | March 29,2016 | Micah Cohen
    In this week’s politics Slack chat, we talk Donald Trump, sexism and the general election. micah (Micah Cohen, politics editor): Greetings, all! With no debate or election this week, let’s consider a longer-term problem: Trump and women. The Internet spent the past week picking over a startling fact: Women (and I’m talking Republican, Democratic, unaffiliated, etc.) disproportionately don’t like Trump. We’ll get to why in a moment, along with what it means electorally, but first question: The data has shown for a while that Trump has less support among women than among men — why all of a sudden the...
  • On Probation vs. Under Investigation: Final Four marred by schools with scandals

    03/28/2016 4:05:20 AM PDT · by John W · 22 replies
    Yahoo Sports ^ | March 28, 2016 | Pat Forde
    The Final Four matchups are now set. In one national semifinal, we have Villanova vs. Oklahoma. In the other, we have On Probation vs. Under Investigation. Also known as the Outside Counsel Billable Hours Invitational, underwritten by Bond, Schoeneck & King. Also known as Questions 1 through 30 for NCAA president Mark Emmert, should he have his annual meeting with the media in Houston. Also known as Syracuse vs. North Carolina. In college sports’ ongoing game of scandal Russian Roulette, the chamber was destined to come up loaded at some point. And so we have this: a Final Four contest...
  • Politics How the Brussels attacks could force Obama to betray his policy instincts

    03/22/2016 7:11:01 PM PDT · by John W · 41 replies
    Washington Post ^ | March 22,2016 | Greg Jaffe
    The terror attacks in Brussels on Tuesday pose the worst kind of foreign policy dilemma for President Obama, pitting his instincts that he’s doing all he can to defeat the Islamic State against intense political pressure for him to do more. Obama has been making the case for months that his strategy to defeat the Islamic State and protect Americans at home is slowly working. White House aides speak repeatedly of the 40 percent of the Islamic State’s territory taken back from the group in Iraq and the 20 percent wrested away in Syria. They cite the impact of more...
  • U.S. existing home sales tumble in warning sign for housing market

    03/21/2016 7:08:40 AM PDT · by John W · 20 replies
    Reuters ^ | March 21, 2016 | Reuters
    U.S. home resales fell sharply in February in a potentially troubling sign for America's economy which has otherwise looked resilient to the global economic slowdown. The National Association of Realtors said on Monday existing home sales dropped 7.1 percent to an annual rate of 5.08 million units, the lowest level since November. Economists had forecast home resales decreasing 2.8 percent to a pace of 5.32 million units last month. Sales have been volatile and prone to big swings up and down in recent months following the introduction in October of new mortgage regulations, which are intended to help homebuyers understand...
  • Conservative Catholics endorse Ted Cruz as Trump alternative

    03/20/2016 9:51:20 AM PDT · by John W · 77 replies
    Religion News Service ^ | March 19, 2016 | David Gibson
    (RNS) More than 50 conservative Catholic activists and political leaders have come out in support of Republican presidential hopeful Ted Cruz in an effort to shore up Catholic backing for Cruz as an alternative to Donald Trump. Among them is a priest from South Carolina who may be skirting the edges of his own church’s policies against clerics becoming involved in politics. Trump is currently leading the three-man GOP field and has drawn strong primary support from Catholic voters despite his controversial rhetoric and past stands on key issues like abortion rights, which he once supported. The Catholics endorsing Cruz,...
  • Saudi Aramco aims to buy more US refineries: sources

    03/20/2016 7:37:10 AM PDT · by John W · 10 replies
    Reuters via ^ | March 20, 2016 | Reuters
    HOUSTON: Saudi Arabia's national oil company wants to buy more US refining and chemical plants to expand its footprint in the world's largest energy market once the break-up of its joint venture with Royal Dutch Shell Plc is complete, sources said. Ending an often rocky nearly 20-year relationship, Shell and Saudi Aramco announced on Wednesday plans to break up Motiva Enterprises LLC after almost two decades, dividing its assets and leaving Aramco with one plant, the nation's largest crude oil refinery, in Port Arthur, Texas. Officials from Saudi Refining, the downstream arm of Aramco, told employees following the announcement that...
  • Trump’s Delegates Could Betray Him on Convention Floor

    03/19/2016 6:06:02 AM PDT · by John W · 128 replies ^ | March 17, 2016 | Jason Bellini
    If Donald Trump fails to reach 1,237 delegates, and has to fight for the nomination at a contested convention, he might have a problem: some of his own delegates may be at risk of fleeing and tilting the election. WSJ’s Jason Bellini reports. Video Report:
  • ECONOMY: Applications for jobless aid rise but stay at healthy level

    03/17/2016 7:40:00 AM PDT · by John W · 11 replies
    AP via The press Enterprise ^ | March 17, 2016 | Paul Wiseman
    More Americans applied for unemployment benefits last week, but their numbers remained at low levels consistent with a healthy job market. THE NUMBERS The number of people seeking jobless aid rose by 7,000 to a seasonally adjusted 265,000, the Labor Department said Thursday. The less-volatile four-week average rose by 750 to 268,000. The number of people collecting unemployment checks was 2.24 million, down nearly 7 percent from a year earlier. THE TAKEAWAY The numbers reflect a healthy job market. Jobless claims are a proxy for layoffs. Weekly numbers below 300,000 are historically low and suggest employers are confident enough to...
  • Fed leaves rates unchanged, lowers economic forecasts

    03/16/2016 11:41:27 AM PDT · by John W · 44 replies
    The Washington Post ^ | Match 16, 2016 | Steven Mufson
    The Federal Reserve left its benchmark interest rate unchanged today and lowered its economic forecasts after a turbulent start to the year in financial markets and lackluster U.S. growth persuaded the central bank to reassess the timing and magnitude of its plan to raise rates. The Fed maintained its target for interest rates at a range of 0.25 to 0.50 percent to give the U.S. recovery more time to get on a stable track without making recovery more difficult for the rest of the world, where growth is flagging. Only one member of the Federal Reserve's open market committee dissented...
  • REVEALED: Trump Just Promised Former GOP Candidate Prominent Role In His Administration

    03/14/2016 7:46:30 PM PDT · by John W · 66 replies ^ | March 14, 2016 | Gary Urbanek
    In an interview Monday on The Steve Malzberg Show, former presidential candidate Dr. Ben Carson announced that he would be serving in an “advisory capacity” in a Trump administration. “Now, I do believe, certainly in my discussions with Donald Trump, he does love America and he does want to be successful,” Carson said. “And he will surround himself with very good people.” As it turns out, the retired neurosurgeon revealed, he would be one of those “very good people” working alongside the billionaire front-runner should Trump win the general election. He confirmed that he would be “doing things” within a...
  • Netanyahu Calls on World Powers to Punish Iran for Missile Tests

    03/12/2016 7:00:15 PM PST · by John W · 6 replies
    Reuters via ^ | March 12, 2016 | Reuters
    YERUSHALAYIM (Reuters) - Prime Minister Binyamin Netanyahu called for world powers to take “immediate punitive steps” against Iran, following its ballistic missile tests last week. A series of tests conducted by Iran’s Revolutionary Guards caused international concern, with the United States, France and other countries saying that, if confirmed, the launch of nuclear-capable ballistic missiles would violate U.N. Security Council resolution 2231. Netanyahu has been vehemently opposed to the international deal with Iran which led to the lifting of economic sanctions in January, and his position has put him at odds with U.S. President Barack Obama. A statement from Netanyahu’s...
  • Obama at SXSW: ‘Absolutist view’ on digital privacy cannot prevail

    03/12/2016 5:10:52 AM PST · by John W · 33 replies
    The Washington Post ^ | March 11, 2016 | Mike Debonis
    AUSTIN -- President Obama defended government efforts to preserve law enforcement access to digital devices Friday, telling a crowd that included many technology innovators that society cannot end up "fetishizing our phones above every other value." Obama made his remarks during a keynote discussion at the yearly South by Southwest Interactive conference here, after being asked by Texas Tribune journalist Evan Smith to comment on the larger implications of the pending fight between the FBI and Apple over access to an iPhone used by one of the shooters in December's terrorist attack in San Bernardino. "The question we now have...
  • Obama scoffs at 'novel' question asking if he's responsible for Donald Trump's rise

    03/10/2016 9:54:27 AM PST · by John W · 15 replies
    Business Insider ^ | March 10, 2016 | Allan Smith
    US President Barack Obama dismissed on Thursday the idea that he's partially responsible for the rise of GOP Republican frontrunner Donald Trump. "I've actually heard this argument a number of times," Obama said after being asked about Trump and the polarization of American politics under his administration. "I have been blamed by Republicans for a lot of things, but being blamed for their primaries and who they're selecting for their party is novel," Obama continued, speaking at a press conference alongside Canadian Prime Minister Justin Trudeau. He added that one of his biggest regrets as president is the increased level...
  • Donald Trump's news conference meets home shopping network

    03/08/2016 6:55:33 PM PST · by John W · 117 replies ^ | March 8, 2016 | Chad Merda
    Donald Trump received some serious free air time for a number of his products during his news conference following Tuesday’s primary victories in Mississippi and Michigan. The extended bit promoting all of his products came while he was criticizing the speech Mitt Romney gave last week, where Romney talked about all of Trump’s failed companies. “We have Trump Steaks,” Trump said. “By the way, if you want to take one, we’ll charge you about $50 a steak.” In fact, Trump had everything set up prior to even taking the stage.
  • Better Business Bureau denies sending Trump fax in middle of debate

    03/07/2016 12:45:26 PM PST · by John W · 75 replies ^ | March 7, 2016 | Carmine Sabia
    The Better Business Bureau fired back at a report that it sent Donald Trump a fax in the middle of Thursday night’s GOP debate showing Trump University with a A rating. “A video released by Independent Journal implies that BBB sent a fax in the middle of last night’s Republican debate, which we did not. The BBB Business Review of Trump Entrepreneur Initiative (formerly Trump University) has shown ‘No Rating’ continually since September 2015,” it wrote in a statement. The video in question showed Trump hand the debate moderators the fax during a commercial break but it was unable to...
  • Email inventor Raymond Tomlinson dies: 5 things to know, such as why the @ symbol

    03/06/2016 5:44:12 PM PST · by John W · 53 replies ^ | March 6, 2016 | AP
    Raymond Tomlinson, the inventor of modern email and selector of the "@" symbol, has died. He was 74. Raytheon Co., his employer, on Sunday confirmed his death; the details were not immediately available. Email existed in a limited capacity before Tomlinson in that electronic messages could be shared amid multiple people within a limited framework. But until his invention in 1971 of the first network person-to-person email, there was no way to send something to a specific person at a specific address. Here are five things to know about Tomlinson's invention: 1. The first email was sent on the ARPANET...