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Business/Economy (News/Activism)

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  • Tech execs are telling Cramer behind closed doors that they support Trump's hardline trade policy...

    01/18/2019 6:05:41 PM PST · by cba123 · 11 replies
    CNBC ^ | Published 6:57 PM ET Mon, 14 Jan 2019 Updated 7:07 PM ET Mon, 14 Jan 2019 CNBC.com | Elizabeth Gurdus
    Technology executives are telling Jim Cramer off camera that they support the Trump administration's hawkish approach to trade with China, the CNBC host says. The "Mad Money" host lists the pro-trade-war arguments he's hearing. "If we're ever going to do anything about China, this is the perfect time," he says. -- Technology executives are telling CNBC's Jim Cramer that they're willing to endure short-term pain from the U.S.-China trade war in favor of the long-term payoff. "When I went out to San Francisco last week, I heard the same thing from a surprising number of people in the tech industry...
  • Erin Brockovich to lead protest against PG&E bankruptcy at Capitol in Sacramento

    01/18/2019 3:36:41 PM PST · by Mariner · 21 replies
    The Sacramento Bee ^ | January 18th, 2019 | By Dale Kasler
    Erin Brockovich, the activist whose crusade against PG&E spawned a hit movie, will appear with wildfire survivors at the Capitol in Sacramento to protest the utility’s plans to file for bankruptcy. The rally is set for noon Tuesday on the south steps of the Capitol, according to an announcement Friday by a consortium of law firms suing PG&E on behalf of wildfire survivors. PG&E announced it plans to file for Chapter 11 bankruptcy protection at the end of January because it doesn’t have the money to pay an estimated $30 billion in potential liabilities from the 2017 wine country fires...
  • Bye Bye Trade War? China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit

    01/18/2019 1:56:00 PM PST · by dynoman · 88 replies
    ccn.com ^ | 1-18-19 | Sam Bourgi
    China Proposes Six-Year Buying Spree Citing sources familiar with the matter, Bloomberg reported Friday that China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade between the two superpowers. By increasing its annual imports from the United States, Beijing would reduce its trade surplus to zero by 2024. That would require a spending boost of more than $1 trillion.
  • Exclusive: U.S. pushing for regular review of China trade, reform progress

    01/18/2019 1:51:34 PM PST · by Zhang Fei · 1 replies
    Reuters ^ | January 18, 2019 / 12:30 PM / Updated 2 hours ago | Michael Martina, Chris Prentice
    BEIJING/WASHINGTON (Reuters) - The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. A continuing threat of tariffs hanging over commerce between the world’s two largest economies would mean a deal would not end the risk of investing in businesses or assets that have been impacted by the trade war. “The threat of tariffs is not going away,...
  • Imagine if the Media Had as Much Sympathy for Small Business Owners as it Does for Federal Employees

    01/18/2019 1:01:00 PM PST · by SeekAndFind · 27 replies
    Mises Institute ^ | 01/18/2019 | Ryan McMaken
    During this partial government shutdown, it's become nearly impossible to avoid news articles, and segments on television and radio outlining the many ways that federal employees are apparently suffering financially as a result of the partial government shutdown.The stories are very diverse in topic. Some take a "human interest story" angle, simply looking at how the daily lives of some of these employees have been affected. Others look at the apparent injustice of the fact that some workers are "being told to work without pay." Still other suggest that the lack of federal paychecks will drive down economic growth figures....
  • US Oil Boom Is Defying Expectations, Experts Say

    01/18/2019 12:51:59 PM PST · by rktman · 31 replies
    dailycaller.com ^ | 1/18/2019 | Jason Hopkins
    The United States is expected to churn out far more oil in 2019 than what international analysts originally forecasted. The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report Friday, noting exceptional numbers for the U.S. fossil fuel industry. The agency reported U.S. oil production is expected to rise by 1.3 million barrels a day in 2019. While this number is lower than the record-smashing 2.1 million increase producers enjoyed in 2018, it’s more than double what the IEA initially expected to see in 2019. The forecast illustrates the...
  • Credit Card Companies Have No Business Playing Second Amendment Censors

    01/18/2019 10:13:02 AM PST · by rktman · 20 replies
    americanthinker.com ^ | 1/18/2019 | Frank Miniter
    Just before Christmas, The New York Times ran an article titled "How Credit Cards Are Used to Finance Mass Shootings." This followed an op-ed the NYT ran last spring calling for credit card companies to track and block some gun sales, such as stopping someone from buying a certain number of guns or from purchasing politically incorrect types of firearms.
  • Dow Jones Rallies 130 Points After a Boost from US-China Optimism

    This morning, Dow Jones Industrial Average Futures Trading predicted a gain of over 130 points for the index at market opening . The US stock markets have been buoyed by news that trade tariffs could be eased or even rolled back.
  • Surprise! The Women Responsible for the Gillette Ad Are Woke, Feminist Leftists

    01/18/2019 8:32:47 AM PST · by Red Badger · 44 replies
    www.louderwithcrowder.com ^ | Thursday January 17 2019 | Courtney Kirchoff
    It’s Thursday and we’re still talking about the Gillette ad “The Best a Man Can Be.” If you’ve been hiding under a rock, patiently waiting for the eventual return of Louder with Crowder (which is TONIGHT), go check out: Gillette’s #TheBestAManCanBe Ad Assumes Toxic Masculinity is a Real Thing and Top 10 Reactions to Gillette’s Anti-Masculinity Advertisement. The tone of the ad was incredibly patronizing, assuming most men are basically sexist pigs. That’s the key problem. So it’s not surprising that we’ve learned the ladies responsible for the ad are woke feminists who hate Trump: The director behind Gillette’s controversial...
  • There's nothing wrong with open borders

    01/18/2019 7:51:50 AM PST · by Dana1960 · 54 replies
    New York Times ^ | 1/16/19 | Farhad Manjoo
    The internet expands the bounds of acceptable discourse, so ideas considered out of bounds not long ago now rocket toward widespread acceptability. See: cannabis legalization, government-run health care, white nationalism and, of course, the flat-earthers. Yet there’s one political shore that remains stubbornly beyond the horizon. It’s an idea almost nobody in mainstream politics will address, other than to hurl the label as a bloody cudgel. I’m talking about opening up America’s borders to everyone who wants to move here. Imagine not just opposing President Trump’s wall but also opposing the nation’s cruel and expensive immigration and border-security apparatus in...
  • Puerto Rico bankruptcy decision a Death Star for Wall Street

    01/18/2019 7:34:41 AM PST · by SeekAndFind · 30 replies
    American Thinker ^ | 01/18/2019 | Chriss Street
    A U.S. Bankruptcy Court decision wiping out half of Puerto Rico's general obligation bonds represents a potential Death Star precedent against Wall Street buying municipal bonds from states without a balanced budget. The reason that high-tax rate and potentially insolvent states like California, Illinois, Connecticut, New Jersey, and Maryland have continued to have access to massive new borrowing is Wall Street's ability to sell general obligation municipal bonds to high-income individuals who can benefit from receiving federally tax exempt interest. Most muni investors also believe that the federal government will bail out any state financial crisis. Few Americans understand that...
  • Even if there wasn't a trade war, China would still be in crisis

    01/18/2019 7:29:27 AM PST · by SeekAndFind · 24 replies
    American Thinker ^ | 01/18/2019 | Rick Moran
    The Chinese economic crisis has been a below-the-radar story for more than a year as the once mighty Chinese economy is in free fall. The trade war with the United States certainly hasn't helped matters, but the crisis in the Chinese economy predates the tit-for-tat tariffs the two sides have imposed on each other. Bloomberg: Once again, the world's investors are turning their worried gaze toward China.  And for good reason.  Economic growth in the third quarter sank to 6.5 percent, the slowest pace since the depths of the global financial crisis in 2009.  Car purchases fell last year for the first time...
  • State Dept. employees ordered back to work as Trump nixes Pelosi trip and Davos {trunc}

    01/18/2019 5:21:00 AM PST · by blueplum · 16 replies
    WaPo via MSN ^ | 17 Jan 2019 | Damian Paletta, Josh Dawsey
    Full title: State Dept. employees ordered back to work as Trump nixes Pelosi trip and Davos delegation, citing shutdown The State Department ordered its employees to return to work next week, saying it has found money to cover a half-month in salary, as the Trump administration continued to grapple with a federal shutdown that shows no sign of ending. {snip} “There is no credible justification” for some of these decisions, said Charles Tiefer, a professor at the University of Baltimore School of Law and expert on government contracting. He said decisions to restart agency operations that had been closed to...
  • Asia tech bosses fear a US-China cold war splitting global market

    01/18/2019 3:04:15 AM PST · by cba123 · 4 replies
    Nikkei Asian Review ^ | January 17, 2019 | CK TAN and KENTARO IWAMOTO, Nikkei staff writers
    SINGAPORE -- The global economy faces "very serious disruption" from the escalating US-China trade war, business leaders have warned, as the U.S. renews allegations of trade theft against Huawei Technologies and lawmakers move to ban chip sales to key Chinese companies. (Please see link for full article)
  • ‘Authorities,’ media don’t understand petroleum economics

    01/17/2019 11:32:28 PM PST · by brownwill6767 · 12 replies
    Midland Reporter Telegram ^ | 1/15/19 | Daniel Fine
    The United States and its southwest tight and shale oil has changed from dependence on world oil to domination. News of the size of oil reserves in the Delaware Basin (New Mexico’s share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion — and revelations of how little “authorities” and the media understand petroleum economics. The New Mexico media, which relies mainly on interviews with petroleum industry spokespersons, got it wrong. Recommended Video Government numbers came out as 46 billion barrels (Permian total) with 26 in...
  • Asia stocks advance on U.S.-China trade relief

    01/17/2019 9:27:14 PM PST · by blueplum · 3 replies
    Reuters ^ | 17 Jan 2019 | Shinichi Saoshiro
    TOKYO (Reuters) - Asian stocks advanced on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment. {snip} “China seems to be running low on options, while the United States would also want to avoid a prolonged conflict given the negative consequences on its markets and the economy,” Monji said. Chinese Vice Premier Liu He will visit the United States on Jan. 30 and 31 for the latest round of trade talks aimed at resolving the dispute between the world’s two largest economies. In December, Washington and...
  • Trump cancels U.S. delegation to Davos forum: press secretary

    01/17/2019 6:45:48 PM PST · by Mariner · 22 replies
    Reuters via Yahoo ^ | January 17th, 2019 | Eric Beech
    WASHINGTON (Reuters) - President Donald Trump has canceled his delegation's trip to the World Economic Forum in Davos, Switzerland, next week due to the partial U.S. government shutdown, according to a statement released by Press Secretary Sarah Sanders on Thursday. Trump, who attended last year's Davos event, had planned to go again this year but pulled out last week as he grapples with Democrats in Congress over funding for a wall on the border with Mexico that has led to a partial shutdown of the government. Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo were expected to lead...
  • Human diet causing 'catastrophic' damage to planet: study

    01/17/2019 11:58:48 AM PST · by shove_it · 38 replies
    News Corp Australia Network via YAHOO ^ | 16 Jan 2019 | Marlowe HOOD
    The landmark health study in The Lancet calls on people to double their consumption of vegetables, fruits and nuts ... "To have any chance of feeding 10 billion people in 2050 within planetary boundaries" -- the limits on Earth's capacity to absorb human activity -- "we must adopt a healthy diet, slash food waste, and invest in technologies that reduce environmental impacts," said co-author Johan Rockstrom, director of the Potsdam Institute for Climate Change Impact Research. - Where's the beef? - "It is doable but it will take nothing less than global agricultural revolution," he told AFP. The cornerstone of...
  • Texas Ballot-Fraud Convictions Outpace Past Five Years Combined

    01/17/2019 10:14:50 AM PST · by Red Badger · 5 replies
    www.realclearinvestigations.com ^ | December 20, 2018 | By Steve Miller
    As officials in North Carolina investigate possible voter fraud in last month’s election, 33 people have already been convicted of the crime in Texas this year, more than the state’s combined total for the previous five years. Eight others accused of voter fraud in the state are awaiting resolution of their cases, which typically involve violations by small-time vote harvesters paid to collect absentee ballots. The violations were generally in local, nonpartisan elections – such as those for school boards, and primaries of both parties – and are not tied to the well-funded, high-profile Texas race in which Sen. Ted...
  • Sherry Knowles Scrutinizes an Activist Supreme Court and its Unconstitutional Approach (Truncated)

    01/17/2019 9:04:42 AM PST · by Jagermonster · 8 replies
    IP Watchdog ^ | January 16, 2019 | Gene Quinn
    Full title: "Sherry Knowles Scrutinizes an Activist Supreme Court and its Unconstitutional Approach to Patent Eligibility" “The Supreme Court has brazenly admitted it is not following Congress’ statutory instructions on patent eligibility in several cases. And it has carried out virtually none of the required statutory construction. It is judicial activism in the extreme.”Sherry Knowles is one of the best known patent attorneys you will find. She is a former Vice President and Chief Patent Counsel for GlaxoSmithKline, where she led the charge on behalf of the industry to fight back the claims and continuations rules package the United States...