Keyword: commerce

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  • U.S. department store stocks jump on holiday spending record [over $800 billion]

    12/27/2017 9:44:51 AM PST · by GonzoII · 16 replies
    Reuters/Yahoo ^ | December 26, 2017 | Richa Naidu
    CHICAGO (Reuters) - Shares of U.S. department stores jumped on Tuesday as Mastercard Inc said shoppers spent over $800 billion during the season, more than ever before, boosted by growing consumer confidence, rising employment and early discounts. Sarah Quinlan, head of market insights for Mastercard Advisors, disclosed the figure after the payments processor's analytics arm published its SpendingPulse retail report.
  • 19-year-old proposes adding a major interstate in Columbus. Councilors support the idea.

    11/22/2017 1:09:40 AM PST · by Tolerance Sucks Rocks · 20 replies
    The Columbus Ledger-Enquirer ^ | October 25, 2017 | Alva James-Johnson
    Imagine a major interstate running through Columbus, spurring economic development, prosperity and connecting military installations along the way. That’s the scenario that 19-year-old Frank Lumpkin IV presented to Columbus Council Tuesday, while making a pitch for Columbus to be connected to a major interstate that will run from Meridian, Texas, to Augusta. Lumpkin, a 2017 Columbus High School graduate now enrolled at the University of Georgia, said I-14 Texas already has been designated by Congress and is currently being built in segments. The first 25-mile stretch officially opened on January 26, 2017 near Killeen, Texas and Fort Hood. If built...
  • Interstate 73 is a shovel-ready project. But who will pay $2.4 billion to move the dirt?

    11/04/2017 11:07:40 AM PDT · by Tolerance Sucks Rocks · 8 replies
    Myrtle Beach Onlin ^ | October 13, 2017 | Audrey Hudson
    Construction of Interstate 73 to Myrtle Beach has widespread support among key players in Washington, D.C., and is favored for financing when President Trump introduces an infrastructure package to Congress, according to U.S. Rep. Tom Rice. “The president has said he wants an infrastructure package, and we want to make sure that we are on the radar at the front of the line,” Rice told The Sun News in an interview this week. Rice says he’s held numerous meetings to help secure the $2.4 billion needed with top Trump administration officials, including D.J. Gribbin, special assistant to the president for...
  • Trump Bypasses Congress to Open Up World Markets to U.S. Gun Makers

    09/20/2017 7:43:25 PM PDT · by upchuck · 29 replies
    Breitbart ^ | Sep 20, 2017 | AWR HAWKINS
    President Trump is ready to shift rules to allow American gun makers more leeway in selling arms and ammunition to foreign buyers. This would mean expanded markets for AR-15s and American made 5.56 and .223 ammunition. According to Reuters, aides to President Trump are finalizing “a plan to shift oversight of international non-military firearms sales from the State Department to the Commerce Department.” And the shift in rules governing sales to foreign buyers can be accomplished without Congressional approval. Moving oversight from the State Dept. to Commerce places things in the hands of a department more interested in upping trade...
  • U.S. appeals court upholds California ban on foie gras, made by force-feeding ducks and geese

    09/15/2017 11:49:25 AM PDT · by C19fan · 32 replies
    LA Times ^ | September 15, 2017 | Maura Dolan
    A federal appeals court on Friday upheld a California law that bans the sale of foie gras made by the force-feeding of ducks and geese. A three-judge panel of the U.S. 9th Circuit Court of Appeals, overturning a district judge’s injunction against the law, said California is free to enforce it.
  • An Inch of Water. What's it Worth? (maritime shipping)

    06/23/2017 7:29:47 PM PDT · by Tolerance Sucks Rocks · 17 replies
    National Ocean Service ^ | June 23, 2017 | NOS News
    Our nation’s ports are the lifelines of our economy. In 2016, foreign trades through U.S. ports were valued at $1.5 trillion—$475 billion exports and $1.0 trillion imports were moved by vessels. When goods travel through ports, it means they are traveling via ship. NOS is in the business of making sure that mariners—and the goods they are transporting—make it to their destinations safely and quickly. Just as airplane pilots need to know current weather and ground conditions, ship captains need to know exactly what's going on in the water and in the air. NOS monitoring systems supply mariners with the...
  • Avra Valley I-11 Proposals Draw Opposition at Tucson Meetings

    06/05/2017 5:14:32 AM PDT · by Tolerance Sucks Rocks · 6 replies
    Arizona Public Media ^ | May 9, 2017 | Zachary Ziegler
    There were not many open seats at a pair of meetings last week over proposed routes that would send Interstate 11 through the Tucson area. Many of those in attendance were there to speak against two of the alternatives, which run west of Saguaro National Park West in the Avra Valley.“I understand the need to provide ways for people to move around," said Kimberly Baeza, "But it doesn't have to come at the expense of our open landscapes and beautiful Sonoran Desert.”The meeting is part of the second step in selecting the route I-11 could take through Arizona. The freeway...
  • Secretary Wilbur Ross Delivers A Message – The “UniParty” Congress is Put On Notice…

    04/14/2017 3:33:42 PM PDT · by HarleyLady27 · 37 replies
    The Conservative Treehouse ^ | April 14, 2017 | Sundance
    To say we consider Commerce Secretary Wilbur Ross a man with a unique skill-set for this defined moment in U.S. economic history would be an understatement of epic proportions. Ross is one of the most consequential and dynamic forces within the President Trump administration. Our message is simple – the games are over, and improper treatment of the United States will no longer be tolerated. We will approach future negotiations and actions with a clarity of purpose guiding us as we work to establish both free and fair trade. Unfortunately, NAFTA negotiations cannot begin until Congress accepts our 90-day notification...
  • Clinton Bundler’s Contact With Campaign Chair Skirted Foreign Government Lobbying Laws

    10/26/2016 10:47:15 AM PDT · by Cheerio · 1 replies
    Free Beacon ^ | October 25, 2016 | Lachlan Markay
    Tony Podesta's firm failed to file legally required disclosures after emails with his WH adviser brother A high-dollar lobbyist and fundraiser for Hillary Clinton’s presidential campaign failed to file legally required disclosures for his advocacy on behalf of a foreign government in discussions with Clinton’s future campaign chairman, according to a political law expert. High-powered Democratic lobbyist Tony Podesta emailed his brother John, a top White House adviser who would later chair the Clinton campaign, in January 2015. Tony wondered if John would attend a meeting with the Indian ambassador to the United States. “I’m at Camp David Friday,” John...
  • White House proposes steep budget cut to leading climate science agency

    03/06/2017 12:41:45 PM PST · by Tolerance Sucks Rocks · 19 replies
    The Washington Post ^ | March 3, 2017 | Steven Mufson, Jason Samenow and Brady Dennis
    The Trump administration is seeking to slash the budget of one of the government’s premier climate science agencies by 17 percent, delivering steep cuts to research funding and satellite programs, according to a four-page budget memo obtained by The Washington Post. The proposed cuts to the National Oceanic and Atmospheric Administration would also eliminate funding for a variety of smaller programs, including external research, coastal management, estuary reserves and “coastal resilience,” which seeks to bolster the ability of coastal areas to withstand major storms and rising seas. NOAA is part of the Commerce Department, which would be hit by an overall 18 percent budget reduction from...
  • Commerce Sec. Wilbur Ross Hints At Brilliant NAFTA Negotiation Strategy – “Make Mexico Great Again"

    03/04/2017 7:34:32 AM PST · by onyx · 25 replies
    Oh, this guy is too good at this stuff. Lots of love for Wilbur the Wolverine.Commerce Secretary Wilbur Ross hints at a strategy for NAFTA renegotiation with Mexico that completely annihilates any leftist opposition, and simultaneously drops the greatest humanitarian narrative right in the lap of the globalists. Make Mexico raise their minimum wage.Currently the minimum wage in Mexico is 80 pesos per day. Around $4 per day, and the length of the workday is up to the hiring company. The minimum wage in the U.S. for an eight hour day is $58 ($7.90/hr x 8). Additionally, almost no-one...
  • U.S. authorities raid Caterpillar's Illinois facilities

    03/02/2017 11:24:05 AM PST · by Brad from Tennessee · 23 replies
    Reuters ^ | March 2, 2017 | By Timothy Mclaughlin and PJ Huffstutter
    Federal law enforcement officials searched three facilities of heavy machinery manufacturer Caterpillar Inc on Thursday, a spokeswoman for the U.S. Attorney Office for the Central District of Illinois said, and the company's stock fell. The spokeswoman, Sharon Paul, confirmed that federal law enforcement activity was conducted at locations in Peoria, East Peoria and Morton. It was not immediately clear why federal agents raided the three locations. Caterpillar spokeswoman Corrie Scott said in an emailed statement that the company was cooperating with authorities. "Law enforcement is present in various Peoria-area Caterpillar facilities executing a search warrant. Caterpillar is cooperating," Scott said....
  • Leaked Audio: Trump Cares About Food Safety But Only If the Food Is Foreign

    02/27/2017 11:37:24 PM PST · by Pinkbell · 14 replies
    Gizmodo ^ | February 27, 2017 | Brendan O'Connor
    President Donald Trump intends to intensify enforcement of food safety regulations as a cudgel in international trade negotiations, according to leaked recordings of a what appears to be a phone conversation between Trump and Wilbur Ross, his nominee for Commerce Secretary. During the conversation, which was recorded in December, the then-president-elect also advocated a 10 percent across-the-board tariff on all foreign imports, an issue on which his administration has adopted numerous different positions and which Speaker Paul Ryan has flatly rejected. The proposals came during an apparent phone conversation that was captured on video and provided to Gizmodo via SecureDrop,...
  • Wilbur Ross confirmed as Commerce secretary

    02/27/2017 5:02:48 PM PST · by RoosterRedux · 35 replies
    The Senate voted Monday to confirm billionaire investor Wilbur Ross as secretary of commerce in President Trump's Cabinet. Ross was approved by a vote of 72-27, with 20 Democrats and Sen. Angus King, I-Maine, joining 51 Republicans to vote "aye." Sen. Johnny Isakson, R-Ga., did not vote due to his ongoing recovery from back surgery. The Senate later voted 67-31 to move forward on the nomination of Rep. Ryan Zinke, R-Mont., to lead the Interior Department. A final vote on Zinke's confirmation could occur on Tuesday or Wednesday. Ross is the 14th member of Trump's Cabinet to be cofirmed, with...
  • Denmark officially kills the check

    12/29/2016 7:34:32 AM PST · by Olog-hai · 37 replies ^ | 29 December 2016 10:43 CET+01:00
    In a country where even the smallest purchases are routinely carried out with the national debit card, Dankort, and people increasingly use smartphone payment systems like the incredibly popular MobilePay, writing a check seems hopelessly outdated. The nation’s banks agree and as of January 1st, it will no longer be possible to cash checks from other banks in Denmark. The only option that will remain is to cash a check written by the same bank that issued them, a move that essentially means the total end of they payment form. …

    11/30/2016 5:55:06 PM PST · by windhover · 22 replies
    Vanity | Windhover
    Trump continues to validate our best instincts about the man, and our greatest hopes. Not only does he know how to keep his friends close and his enemies closer, but he knows how and who to pick in a way to utterly confound and bewilder the liberals and Demo-gogs. Both Mnuchin, exec at Goldman - Sachs to Treasury and Ross, finance Billionaire, to Commerce. These guys have been huge political contributors,Trump has just robbed the Dems Blind with these appointments. Plus they know what they're doing, and they know the score and they understand Donald Trump.
  • Confirmed: Donald Trump Picks Steven Mnuchin and Wilbur Ross for His Cabinet

    11/30/2016 6:08:13 AM PST · by jneesy · 75 replies
    Mnuchin will be Treasury Secretary Ross will lead the Commerce Department. President-elect Donald Trump has filled more top posts on his economic team — picking former Goldman Sachs executive Steven Mnuchin as treasury secretary and financier Wilbur Ross to lead the Commerce Department. Mnuchin is confirming that he and Ross are joining Trump’s Cabinet, pending confirmation by the Senate. He tells CNBC’s “Squawk Box” in an interview Wednesday that “we’re thrilled to work for the president-elect and honored to have these positions.” Mnuchin says “sustained economic growth” is the chief priority of the incoming administration and he says “we can...
  • Chicago Cubs co-owner Todd Ricketts to be Trump's deputy commerce secretary

    11/30/2016 6:38:14 AM PST · by KeyLargo · 27 replies
    Illinois Review ^ | Nov 30, 2016
    Chicago Cubs co-owner Todd Ricketts to be Trump's deputy commerce secretary Wednesday, November 30, 2016 CHICAGO - Chicago Cubs' co-owner Todd Ricketts has been chosen to serve the Trump Administration as deputy Commerce Secretary under billionaire Wilbur Ross. Wednesday morning, news leaked that after meeting with President-elect Donald Trump at his New York offices last week, the 2016 World Champions' Ricketts was open to the opportunity to serve the incoming commander-in-chief.
  • Meet Wilbur Ross, Trump's expected commerce secretary pick

    11/29/2016 4:34:07 PM PST · by pissant · 34 replies
    CNBC ^ | 11.29.16 | Jacob Pramuk
    Donald Trump's expected pick of Wilbur Ross for commerce secretary would add another billionaire and investing voice to the president-elect's administration. Trump could name Ross to the post as early as Wednesday, a transition source told NBC News. Ross, 78, is chairman of W.L. Ross & Co and has a decades-long history as a distressed debt investor. He advised Trump on economic policy during the campaign, along with other wealthy businessmen and investors Harold Hamm, John Paulson and Tom Barrack. If approved, Ross would take over a Commerce department set to take a major pivot on trade and job creation....
  • Wilbur Ross Expected to Be Named Commerce Secretary by Donald Trump

    11/23/2016 5:09:45 PM PST · by hotsteppa · 26 replies
    President-elect Donald Trump is expected to select Wilbur Ross Jr. to head the Commerce Department, said two people familiar with the deliberations, a decision that would put a billionaire investor known for buying up failed companies in charge of the agency tasked with cultivating economic growth.