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Business/Economy (News/Activism)

Brevity: Headers | « Text »
  • Americans report stronger finances in Trump's first year: Federal Reserve

    05/22/2018 1:44:34 PM PDT · by Oldeconomybuyer · 3 replies
    Reuters ^ | May 22, 2018 | by Staff
    WASHINGTON - The share of Americans who report they are doing “at least okay” financially rose in President Donald Trump’s first year in office, according to Federal Reserve data published on Tuesday. The data was in line with other readings detailing America’s long recovery from the 2007-09 recession, including years of mostly steady job growth and a more recent uptick in wages. The U.S. central bank said 74 percent of U.S. adults said their finances were at least okay in 2017, four percentage points higher than in 2016. Improvement was strongest in lower income households.
  • Senate panel overwhelmingly approves amendment blocking Trump on ZTE

    05/22/2018 12:27:32 PM PDT · by Theoria · 19 replies
    The Hill ^ | 22 May 2018 | Harper Reidig
    A Senate panel on Tuesday rebuked President Trump's efforts to ease sanctions on the Chinese telecom firm ZTE, which the intelligence community and trade regulators have warned poses a national security risk for the U.S. The Senate Banking Committee approved an amendment in an overwhelming and bipartisan 23-2 vote that would block Trump from easing sanctions on ZTE without first certifying to Congress that the company is complying with U.S. law. The move comes the same day The Wall Street Journal reported that the Trump administration and China are closing in on a deal to ease off ZTE in exchange...
  • Gorsuch comes through for Trump and big business

    05/22/2018 11:27:34 AM PDT · by ColdOne · 27 replies
    cnn.com ^ | 5/22/18 | Ariane de Vogue
    The junior-most justice penned the 5-4 opinion siding with employers. The ruling was a victory for business and the Trump administration as it held that employers could require employees to sign class action waivers to bar them from banding together to fight legal disputes. It was Gorsuch's first big opinion for the conservatives and he had presumably been assigned to write it by Chief Justice John Roberts, who was part of the majority, along with Justices Samuel Alito, Anthony Kennedy and Clarence Thomas. Gorsuch said the opinion "did nothing to override" Congress' judgment. "Congress has instructed that arbitration agreements like...
  • Cramer says departure of Penney's CEO means company is doomed

    05/22/2018 11:14:15 AM PDT · by tcrlaf · 70 replies
    MSN ^ | 22MAy | Berkeley Lovelace Jr.
    Marvin Ellison's exit as CEO of J.C. Penney means the struggling department store chain can't be turned around, CNBC's Jim Cramer said Tuesday. Loading... J.C. Penney shares plunged Tuesday after Lowe's announced it is naming Ellison president and CEO, effective July 2. J.C. Penney, which has struggled to compete within the quickly changing retail landscape, told CNBC that it was informed by Ellison a couple days ago of the move. "If there was any chance [of a turnaround], I think you would stay," Cramer said on "Squawk on the Street." "Because it would obviously be such a kick in the...
  • Media Thrilled ‘Very Talented’ Obamas ‘Got Paid!’ With Netflix Deal(BARFY!)

    05/22/2018 10:09:02 AM PDT · by rktman · 35 replies
    newsbusters ^ | 5/22/2018 | Kyle Drennen
    On Tuesday, all three network morning shows were gleeful over the news that Barack and Michelle Obama had signed a deal with Netflix to create original content for the online streaming service. Hosts happily touted “a lot of people very excited” about the announcement and cheered that the former president and first lady “got paid,” with the agreement rumored to be worth tens of millions of dollars. Missing from much of the adulation, except for a brief mention on NBC, was the fact that the Netflix executive in charge of content was a major Obama campaign donor. “This morning, the...
  • Merkel visits China seeking united front against Trump on trade, Iran

    05/22/2018 7:10:34 AM PDT · by Olog-hai · 34 replies
    AFP via TheLocal.de ^ | 22 May 2018 14:18 CEST+02:00
    Chancellor Angela Merkel visits China on Thursday, seeking to close ranks with the world’s biggest exporting nation as US President Donald Trump shakes up explosive issues from trade to Iran’s nuclear deal. Finding a common strategy to ward off a trade war and keep markets open will be Merkel’s priority when she meets with President Xi Jinping, as Washington brandishes the threat of imposing punitive tariffs on aluminium and steel imports. “Both countries are in agreement that open markets and rules-based world trade are necessary. That’s the main focus of this trip,” Merkel’s spokeswoman Martina Fietz said in Berlin on...
  • Seahawks Owner Gives $1 Million for More Washington State Gun Control

    05/22/2018 6:41:08 AM PDT · by ChicagoConservative27 · 39 replies
    brietbart ^ | 05/22/2018 | Awr Hawkins
    Seattle Seahawks and Portland Trail Blazers owner, Paul Allen, is pushing a Washington State gun control initiative in response to the May 18 Santa Fe High School shooting. The initiative, No. 1639, is called “Safe Schools, Safe Communities,” and it expands the gun controls placed on law-abiding citizens via the universal background check initiative that passed in 2014. Allen tweeted: Paul Allen ✔ @PaulGAllen 18h My statement on a gun safety initiative in my home state of Washington: Initiative 1639 is a reasonable and necessary measure that will improve the safety of our schools and our communities, which is why...
  • St. Louis Town Agrees to Stop Bankrolling Itself by Fining Its Residents into the Poorhouse

    05/22/2018 6:08:44 AM PDT · by servo1969 · 38 replies
    Reason.com ^ | 5-21-2018 | Scott Shackford
    A small St. Louis suburb has agreed to stop trying bankroll its government with a vicious regime of petty fines so excessive that the town has cited more than a third of its population. Credit goes to the Institute for Justice, which sued the tiny town of Pagedale (population: 3,300) on behalf of a handful of residents in 2015. Amid the outrage over Michael Brown's death in nearby Ferguson, citizens of these small fiefdoms drew attention to these governments' propensity to bankroll themselves via exorbitant traffic and code enforcement fines.Pagedale was one of those communities. In the course of a...
  • Woman left Brain Damaged after Cosmetic Surgery

    05/21/2018 4:25:10 PM PDT · by Cecily · 49 replies
    The Atlanta Journal Constitution ^ | May 21, 2018 | Carrie Teegardin
    With her wedding just two months away, Icilma Cornelius arrived at the Lilburn office of Dr. Windell Boutte to prepare for her special day. The 54-year-old bride-to-be came to the doctor’s full-service medical spa and cosmetic surgery center for Botox and another anti-wrinkle treatment. While there, the staff recommended cosmetic surgery that could give her a flat stomach before she married. Cornelius agreed to the surgical makeover by Boutte, whose website promotes the doctor as “nationally and internationally known” and a “doctor to the stars!”
  • Now will you come to Tacoma? New tax credit takes aim at Seattle's new head tax

    05/21/2018 8:02:06 PM PDT · by llevrok · 26 replies
    The News Tribune (Tacoma WA) ^ | 5/21/2018 | KATE MARTIN
    Bruce Kendall said Monday his phone at the Economic Development Board for Tacoma-Pierce County has been ringing steadily since last week's vote by the Seattle City Council to tax big businesses $275 per employee. "I've received inquiries over the last week from companies that have indicated they are exploring options for locations in Pierce County," Kendall said. "And they are telling me that's why they are calling me, because the head tax passed. Now companies have another reason to call: A $275 tax credit per employee for new, family-wage jobs. "Note the value, it's not random," tweeted state Rep. J.T....
  • N. Koreans upbeat about economic changes after planned Trump-Kim summit: Singapore-based NGO

    05/21/2018 9:57:36 PM PDT · by 2ndDivisionVet · 6 replies
    The Straits Times ^ | May 18, 2018
    SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) - North Koreans are upbeat about the economic changes the summit between their leader Kim Jong Un and US President Donald Trump might bring, according to a member of a non-profit group who was in Pyongyang just last week. Singapore-based Choson Exchange, which has trained some 20,000 North Koreans since 2007, held its latest workshop in Pyongyang last week, focusing on entrepreneurship and start-up skills. A record number of North Koreans - almost 130 - signed up for the workshop. Ian Bennett, London-based outreach coordinator for Choson Exchange, said the North Koreans appeared more...
  • Pompeo unveils US Iran plan: Economic strife, break with EU [barf]

    05/21/2018 8:23:27 PM PDT · by Olog-hai · 3 replies
    Deutsche Welle ^ | 05.21.2018 | Chase Winter
    The Trump administration threatened Iran with “unprecedented financial pressure” on Monday, issuing a laundry list of harsh demands for Tehran to change its foreign and domestic policies. In a speech touted to outline the administration’s strategy toward Iran, Secretary of State Mike Pompeo promised “the strongest sanctions in history” should Tehran not buckle to US demands. […] Pompeo said the United States would not try to renegotiate the JCPOA. Instead, any new deal would require Iran to meet 12 demands, including halting its ballistic missile program and ending interventions in Syria and Yemen, as well as wide-ranging concessions on its...
  • Square paid $8million for super lawyer Hillary Smith, then she stepped down

    05/21/2018 8:11:29 PM PDT · by nwrep · 34 replies
    Business Insider ^ | May 21, 2018 | Becky Peterson
    Super-star Lawyer Ms. Hillary Smith Just 16 months after joining the $22.5 billion payments company Square as General Counsel, Hillary Smith stepped down from the role. Ms. Smith, who joined Square in 2016 with a rich $8 million compensation package, officially resigned on March 18. She'll stay on as an employee at the company through September to manage the transition. It's unclear why Smith is stepping down. She did not respond to a request for comment and Square would not provide details about the change in its top legal post.
  • Severn River Bridge, Route 404 construction projects complete

    05/21/2018 8:00:22 PM PDT · by Tolerance Sucks Rocks · 13 replies
    WBAL TV 11 ^ | May 4, 2018 | Jennifer Franciotti
    The Maryland State Highway Administration has completed two major projects that officials said will make the drive to the beach much easier.Construction is complete on adding a fourth eastbound lane to the Severn River Bridge in Annapolis, which can be a major source of afternoon congestion. "We found three things that were adding to the traffic on that bridge. One was just a lot of traffic. Two was everyone who gets at the top of that bridge, they like to slow down and look at the Severn River at the beautiful view. And, three, these merge areas before and after...
  • Starbucks employees, customers express concern over new policy: 'I can't see how this will work'

    05/21/2018 5:30:23 PM PDT · by Hojczyk · 76 replies
    Fox News ^ | May 21,2018 | Michelle Gant
    The “Third Place Policy” maintains that employees should consider anyone who enters Starbucks space, including restrooms, cafes and patios, a customer “regardless of whether they make a purchase,” the company said in a statement. In a Starbucks subreddit, people are voicing concerns that the new policy will lead to stores being filled with homeless people and drug users. One user who claims they work at a Chicago Starbucks wrote that a homeless person using the bathroom got into a fight with a customer and police requested to see the store policy before taking action. FRONTIER AIRLINES PASSENGER ARRESTED AFTER PEEING...
  • Germany and EU partners scramble to save Iran deal

    05/21/2018 4:45:19 PM PDT · by Olog-hai · 6 replies
    TheLocal.de ^ | 21 May 2018 14:54 CEST+02:00
    Germany is leading the charge to rescue the Iran deal and the economic inroads German and European companies have made into the restricted economy since 2016. EU leaders are keen to salvage the deal shaped by Obama’s administration after President Trump on May 12th pulled the US out of the Joint Comprehensive Plan of Action (JCPOA). The deal, in which Iran committed to denuclearize in exchange for the lifting of economic sanctions, was signed by Iran, the US and the international community in 2015. German Chancellor Angela Merkel, French President Emmanuel Macron and a host of other EU leaders have...
  • Washington Post: China is winning Trump’s trade war

    05/21/2018 3:02:42 PM PDT · by SeekAndFind · 15 replies
    Washington Post ^ | 05/21/2018 | Heather Long
    It was easy to miss the U.S.-China trade statement that the White House released Saturday, right in the midst of royal wedding mania. But it's hard to hide that China looks as if it's winning President Trump's trade skirmish — so far. The statement said that, after several days of talks, the Chinese agreed to “substantially” reduce the United States' $375 billion trade deficit with China and that the details would be worked out later. It was noticeably vague. Notice China didn't agree to a specific amount. On Friday, Trump's top economic adviser, Larry Kudlow, was telling reporters that the...
  • GOP Sets Fundraising Record in April as Democrat Money Woes Extend into Midterms(?)

    05/21/2018 11:37:38 AM PDT · by rktman · 18 replies
    breitbart.com ^ | 5/21/2018 | Joshua Caplan
    ProPublica reports the Republican National Committee (RNC) has set yet another fundraising record, while the Democratic National Committee (DNC) registered its lowest figure in April during a midterm election cycle since 2006. In the same month, the report reveals the DNC had expenditures totaling $8.3 million and finished up with $8.7 million in cash. The party currently owes $5.3 million.
  • U.S. top court backs companies over worker class-action claims

    05/21/2018 11:36:50 AM PDT · by freedumb2003 · 25 replies
    Rueters via Yahoo ^ | 5/21/2018 | Lawrence Hurley
    I think Yahoo or Rueters is link only. Bottom line: a contract willingly signed by an employee to eschew class-actions suits is actually a contract willingly signed by an employee to eschew class-actions suits.
  • Obamas ink multiyear deal with Netflix(BARF ALERT/Cancellations?)

    05/21/2018 10:26:07 AM PDT · by rktman · 38 replies
    thehill.com ^ | 5/21/2018 | Judy Kurtz
    The Obamas are getting into the movie-making business, teaming up with Netflix on a multiyear deal. Netflix announced the partnership in a Monday tweet.