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Business/Economy (News/Activism)

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  • 3M CEO Inge Thulin Just Became the 7th Executive to Leave Trump’s Manufacturing Council

    08/16/2017 10:05:29 AM PDT · by SoFloFreeper · 14 replies
    Fortune ^ | 8/16/17 | Lisa Marie Segarra
    President and CEO of 3M, Inge Thulin, announced Wednesday he is leaving President Donald Trump's Manufacturing Council. "I joined the Manufacturing Jobs Initiative in January to advocate for policies that align with our values and encourage even stronger investment and job growth — in order to make the United States stronger, healthier and more prosperous for all people. After careful consideration, I believe the initiative is no longer an effective vehicle for 3M to advance these goals. As a result, today I am resigning from the Manufacturing Advisory Council," Thulin said in a statement posted to 3M's Twitter account.
  • Trump CEO Strategy Council Is Said to Be Disbanding After Exodus

    08/16/2017 10:03:37 AM PDT · by be-baw · 14 replies
    Bloomberg ^ | August 15, 2017 | Drew Armstrong
    Llink to article only, per FR copyright rules.
  • Federal Reserve of Atlanta Predicts Massive 3.7% GDP for Third Quarter

    08/16/2017 8:08:25 AM PDT · by Hojczyk · 22 replies
    Gateway Pundit ^ | August 16,2017 | Jim Hoft
    The Federal Reserve Bank of Atlanta forecast a 3.7 percent rate for the third quarter of 2017. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.7 percent on August 15, up from 3.5 percent on August 9. The forecast of the contribution of personal consumption expenditures to third-quarter real GDP growth increased from 1.91 percentage points to 1.97 percentage points after this morning’s retail sales release from the U.S. Census Bureau.
  • Sometimes the Good Guys Win

    08/16/2017 4:32:50 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | August 15, 2017 | Dennis Prager
    I am writing this column to inform readers of some good news. The sustained efforts of individuals, organizations and the media who oppose everything people like me stand for -- America as an exceptional nation among the nations of the world; the unique contribution of the Judeo-Christian value system in shaping America and the best of Western civilization; sustaining Western civilization as a moral imperative; preserving the American Trinity of liberty, In God We Trust and e pluribus unum; promulgating the American and Judeo-Christian belief that race is insignificant; and an openness to all points of view -- to shut...
  • Trump "Amazon is doing great damage to tax paying retailers. Towns, cities & states throughout...."

    08/16/2017 4:03:29 AM PDT · by SMGFan · 107 replies
    Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!
  • The Left Is Doing Exactly What White Nationalists Want

    08/16/2017 3:59:48 AM PDT · by IBD editorial writer · 25 replies
    Investor's Business Daily ^ | 8/15/2017 | Staff
    Extremism: It wasn't long ago that Americans were being told repeatedly not to overreact to Islamic terrorism, because that would only serve as a terrorist recruiting tool. That's worth remembering now, in the wake of the white supremacist attack in Charlottesville, Va. Harsh language, bitter attacks, backlash against attacks, accusing whole groups of being in bed with terrorists, were all, we were told again and again, "just what ISIS wants." "The Islamic State wants the West to overreact," was a typical comment over the years. One commentator complained after the Manchester bombing in England this summer that saturation coverage of...
  • CEOs Rethink Alliances With White House

    08/16/2017 3:33:11 AM PDT · by SoFloFreeper · 34 replies
    WSJ ^ | 8/15/17 | Vanessa Fuhrmans
    President Donald Trump’s response to the weekend violence in Charlottesville, Va., has sparked a new round of soul-searching in U.S. corporate boardrooms over whether they should keep working closely with the White House. On Tuesday, the number of members who have withdrawn from a White House advisory council grew to five, and executives including Wal-Mart Stores
  • Poll: Majority Of Americans Support Infrastructure Spending

    08/15/2017 8:56:46 PM PDT · by BenLurkin · 23 replies
    cbs2la ^ | August 15, 2017 8:47 PM
    If Washington decides to focus on infrastructure there will be a key constituency supportive of the effort – the American people. ... The support for infrastructure spending to boost the economy includes 86 percent of urban Americans and 89 percent of rural Americans. There is also agreement in both urban and rural communities that infrastructure investments will increase jobs and improve quality of life.
  • Trump to reverse Obama-era order aimed at planning for climate change

    08/15/2017 5:41:29 PM PDT · by Innovative · 15 replies
    Washington Post ^ | Aug. 15, 2017 | Darryl Fears and Steven Mufson
    Excellent!and flood dangers. Speaking in the lobby of Trump Tower in New York, Trump said that the approval process for projects was “badly broken” and that the nation’s infrastructure was a “massive self-inflicted wound on our country.” Trump said that “no longer” would there be “one job-killing delay after another” for new projects. But he did not provide any proposal on how his much-promised infrastructure program would be financed or what it would include.
  • Donald Trump tells businesses to bring back jobs from 'places like Ireland'

    08/15/2017 4:13:03 PM PDT · by 2ndDivisionVet · 19 replies
    The Journal ^ | August 15, 2017 | Gráinne Ní Aodha
    DONALD TRUMP IS bringing back jobs to the US – at least that’s what he’s promising to do. At a press conference at Trump Tower this evening, the US President said that he would cut down on regulations for construction projects like motorways, and aim to bring manufacturing jobs back from other countries – namechecking Ireland. You have to bring it back to this country, you can’t do it in Ireland and all of these other places. You have to bring this work back to this country so that American workers can benefit.(TWEET-AT-LINK) Ireland has gathered unwanted attention from the...
  • Trump Defends Initial Remarks on Charlottesville; Again Blames ‘Both Sides’

    08/15/2017 3:22:12 PM PDT · by be-baw · 18 replies
    NY Times ^ | August 15, 2017 | MICHAEL D. SHEAR and MAGGIE HABERMAN
    President Trump angrily defended himself on Tuesday against criticism that he did not specifically condemn Nazi and white supremacist groups following the weekend’s deadly racial unrest in Virginia, and at one point questioned whether the movement to pull down statues of Confederate leaders would escalate to the desecration of George Washington. In a long, combative exchange with reporters at Trump Tower in Manhattan, the president repeatedly rejected a torrent of bipartisan criticism for waiting two days before naming the right-wing groups and placing blame on “many sides” for the violence on Saturday that ended with the death of a young...
  • NY Times: Trump Threat to Obamacare Would Send Premiums and Deficit Skyward

    08/15/2017 1:51:46 PM PDT · by Zakeet · 23 replies
    NY Times ^ | August 15, 2017 | Robert Pear and Thomas Kaplan
    Premiums for the most popular health insurance plans would shoot up 20 percent next year, and federal budget deficits would increase by $194 billion in the coming decade if President Trump carries out his threat to end certain subsidies paid to insurance companies for the benefit of low-income people, the Congressional Budget Office said Tuesday. The subsidies reimburse insurers for reducing deductibles, co-payments and other out-of-pocket costs that low-income people pay when they visit doctors, fill prescriptions or receive care in hospitals. Even before efforts to repeal the Affordable Care Act collapsed in the Senate last month, Mr. Trump began...
  • This is what Germans really think about capitalism

    08/15/2017 1:15:14 PM PDT · by Olog-hai · 28 replies
    TheLocal.de ^ | 15 August 2017 15:26 CEST+02:00 | Jörg Luyken
    Despite the turbulence of the Weimar years, Germany has followed a steady capitalist economic model since the end of the Second World War. But that doesn’t mean people like the idea, a new study shows. Contrary to the US, where belief in capitalism is as entrenched as hot dogs and baseball, Germany has always had a more complicated relationship to the philosophy of competitive markets. This is, after all, the country that gave us the founding communist thinkers Karl Marx and Friedrich Engels. And a study published by Statista and YouGov on Tuesday shows that only 16 percent of Germans...
  • Walmart’s C.E.O. Joins Group to Rebuke Trump Over Charlottesville

    08/15/2017 12:02:46 PM PDT · by Alter Kaker · 147 replies
    New York Times ^ | 8/15/2017 | Rachel Abrams and Michael Corkery
    Walmart’s chief executive issued a strong rebuke of President Trump’s response to the protests that turned violent in Charlottesville, Va., saying the president “missed a critical opportunity to help bring our country together.” The criticism came in a statement that the retailer’s chief executive, Doug McMillon, emailed to employees Monday evening, which was reviewed by The New York Times. The statement was later posted on a company website. “As we watched the events and the response from President Trump over the weekend, we too felt that he missed a critical opportunity to help bring our country together by unequivocally rejecting...
  • Slash Immigration, and GDP Is the Victim, Research Finds

    08/15/2017 11:57:39 AM PDT · by Oldeconomybuyer · 42 replies
    NBC News ^ | August 15, 2017 | by MARTHA C. WHITE
    The GOP’s plan to cut the number of immigrants and increase the percentage of highly educated workers within that pool would decrease GDP by 2 percent over the long term and cost 4.6 million jobs, a new study finds. The RAISE Act, introduced by Senators Tom Cotton and David Perdue and endorsed by President Donald Trump, would use a “merit-based” system for evaluating applicants, prioritizing those with college degrees, English-language skills, and employment prospects, among other criteria — an approach favored by politicians in both parties. But by combining this with measures that would cut the approximately 800,000 legal immigrants...
  • White nationalists are planning 9 rallies nationwide this weekend alone

    08/15/2017 11:54:51 AM PDT · by BlackAdderess · 107 replies
    CNN ^ | August 15, 2017 | Charles Levin
    (CNN)Major cities across the country are bracing for a wave of white nationalist rallies in the coming days. The largest scheduled rally is the "March on Google," which will take place in nine major US cities Saturday. The aim is to protest the firing of Google employee James Damore over a controversial memo he wrote about the company's diversity policies. Damore has said he doesn't support the "alt-right," and will "likely not" participate. The "March on Google" rallies are scheduled to take place at these Google locations around the country: Atlanta Austin Boston Los Angeles Mountain Park, California New York...
  • Certification to bid on I-74 jobs takes about 90 days (disadvantaged businesses)

    08/15/2017 11:14:44 AM PDT · by Tolerance Sucks Rocks · 13 replies
    The Moline Dispatch-Argus ^ | July 31, 2017 | Gerold Shelton
    MOLINE -- Building the new Interstate 74 bridge will take years, but certification to bid on the jobs building it should only take about 90 days. The Illinois Department of Transportation held a Disadvantaged Business Enterprise certification and supportive services workshop Monday evening at the Moline Public Library, 3210 41st St. At the workshop, officials from IDOT shared information on how those who are in presumed disadvantaged groups can bid on contracts associated with the project. To qualify for DBE certification, the business owner must have a personal net worth of less than $1.32 million. Engineering consulting businesses must average...
  • Pressure points? Here are the companies whose CEOs are still kissing up to Trump

    08/15/2017 11:06:41 AM PDT · by Innovative · 23 replies
    LA Times ^ | Aug. 15, 2017 | Michael Hiltzik
    On Monday morning, Merck & Co. Chief Executive Ken Frazier resigned from President Trump’s manufacturing jobs council to protest Trump’s deficient condemnation of the racist violence in Charlottesville, Va. Since then, membership on Trump’s Potemkin Village-like CEO boards has begun to look like something of a litmus test for American corporations and business organizations. Two CEOs followed Frazier out the door on Monday: Under Armour’s Kevin Plank and Intel’s Brian Krzanich. But representatives of some 40 other corporations and other organizations, including a couple of retired CEOs, are still members of the jobs council and a second panel designated the...
  • Connecticut Lottery App Misread Winners as Losers

    08/15/2017 10:30:32 AM PDT · by nickcarraway · 8 replies
    upi ^ | Aug. 15, 2017 | Daniel Uria
    The Connecticut lottery's mobile app malfunctioned over the weekend, causing some winning tickets to read as losers. Lottery officials shut down the app for an hour after identifying the error that took place from 12:25 p.m. on Saturday through 10:34 a.m. on Monday and encouraged players who checked their tickets during that time to scan them again. "If you scanned draw tickets during that time, please check your tickets again. The Mobile App 'Scan Tickets' feature is now fully operational," the lottery said. "You can also check CT Lottery tickets at a Ticket Checker available at all CT Lottery Retailers."...
  • Another top manufacturing figure is leaving Trump's advisory council [Moron #4]

    08/15/2017 9:13:01 AM PDT · by SoFloFreeper · 37 replies
    cnbc ^ | 8/15/17 | Jacob Pramuk
    President Donald Trump on Tuesday slammed the three chief executives who left his manufacturing council as "grandstanders." "For every CEO that drops out of the Manufacturing Council, I have many to take their place," Trump wrote on Twitter. "Grandstanders should not have gone on. JOBS!" ....Shortly after Trump's tweet Tuesday, Scott Paul, president of the Alliance for American Manufacturing, also said he would drop out of the council. Paul, head of the group that aims to promote American manufacturing, said "it's the right thing for me to do."