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Business/Economy (News/Activism)

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  • Trump signs order aimed at opening Arctic drilling

    04/28/2017 10:44:13 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Apr 28, 2017 12:37 PM EDT | Matthew Daly and Jill Colvin
    Working to dismantle his predecessor’s environmental legacy, President Donald Trump signed an executive order on Friday aimed at expanding drilling in the Arctic and opening other federal areas to oil and gas exploration. With one day left to rack up accomplishments before he reaches his 100th day in office, Trump signed an order reversing some of former President Barack Obama’s restrictions and instructing Interior Secretary Ryan Zinke to review a plan that dictates which federal locations are open to offshore drilling. It’s part of Trump’s promise to unleash the nation’s energy reserves in an effort to reduce reliance on foreign...
  • Advanced Talks Underway For New Conservative Network Amid Fears Fox News Moving Too Far Left

    04/28/2017 10:38:49 AM PDT · by Red Badger · 7 replies ^ | 10:45 am, April 28th, 2017 | by Rachel Stockman
    On the heels of major shakeups at the Fox News Network, an alternative conservative network is being actively discussed amongst conservative fat cats. A well-placed source close to the proposal tells Mediaite that serious discussions are underway to create an alternative conservative cable network on the belief that the Fox News Network is moving too far to the left. The source, who is engaged in the talks, says a meeting is planned for today with two prominent high-powered television executives, some underperforming conservative networks and people who have an interest and the ability to fund a new network. The potential...
  • Economists Fear Trump’s Tax Plan Only Heightens a ‘Mountain of Debt’

    04/28/2017 9:23:29 AM PDT · by SeekAndFind · 21 replies
    New York Times ^ | 04/28/2017 | By JAMES B. STEWART
    During his campaign, Donald J. Trump embraced the cause of fiscal responsibility and accused President Barack Obama of shackling the country with a “mountain of debt.” Mr. Obama “doubled our national debt. Doubled it,” Mr. Trump claimed in a speech in Virginia Beach. Then on Wednesday, Mr. Trump unveiled the outlines of his much-anticipated tax overhaul, calling for steep tax cuts with only modest offsetting revenue increases. Economists I spoke to this week estimate it would add trillions to the national debt over the next decade. “We’ve only done the rough numbers, but this looks like a tax cut of...
  • House passes stopgap spending bill to avert government shutdown

    04/28/2017 8:56:32 AM PDT · by Oldeconomybuyer · 21 replies
    Reuters ^ | April 28, 2017 | By Richard Cowan
    The U.S. House of Representatives on Friday overwhelmingly passed stopgap legislation to avert a government shutdown at midnight and buy time on reaching a deal on federal spending through the end of the fiscal year. The legislation now goes to the Senate, where Republican leaders hope to take it up later in the day, approve it and send it to President Donald Trump to sign into law. The bill in the Republican-led Congress provides federal funding until May 5, allowing lawmakers to hammer out legislation over the next few days to keep the government funded for the rest of the...
  • A Tax Expert's Take on Trump's Proposal: 'A Truly Great Tax Plan'

    04/28/2017 8:45:40 AM PDT · by detective · 31 replies
    American Thinker ^ | April 28, 2017 | Jack Hellner
    It certainly appears that Trump has more common sense and intelligence on taxes and the economy than many of those advising him, the career politicians from both parties, the bureaucrats, the media and most economists. I am a 64 year old CPA who has been doing taxes for approximately 40 years. This is the most intelligent tax policy I have seen since Ronald Reagan’s and my initial thoughts make me believe that it is better than Reagan’s. It is a simple and logical plan that would give everyone the incentive to earn more instead of spending so much time and...
  • EU summit to assess Ireland's future in wake of Brexit

    04/28/2017 7:53:24 AM PDT · by Olog-hai · 2 replies
    Associated Press ^ | Apr 28, 2017 8:37 AM EDT | Lorne Cook
    European Union leaders meeting Saturday to approve the guidelines that will drive divorce negotiations with Britain will also assess wording which would allow a united Ireland — including Northern Ireland — to become part of the bloc at a potential future date. Two European officials said that the issue was likely to be added to the minutes of the summit, which will be held without British Prime Minister Theresa May. The officials asked not to be identified because the summit of 27 EU leaders still was being prepared. …
  • Part II Why President Trump Has Not Received Legislative Action From Congress and What Can Be Done

    04/28/2017 7:47:13 AM PDT · by HarleyLady27 · 28 replies
    The Conservative Treehouse ^ | April 28, 2017 | Sundance
    In Part I we explained why President Trump has not received any legislation: To Wit: President Donald Trump winning the election threw a monkey wrench into the entire DC system…. The modern legislative machine is frozen in place. The “America First” policies represented by candidate Donald Trump are not within the legislative constructs coming from the authors of the legislation. Congress has no bills to advance because all of the myriad of bills and briefs written are not in line with President Trump policy. That’s why congress has not passed any legislation for President Trump to sign. There’s no entity...
  • US economic growth weakened to 0.7 percent in first quarter of 2017

    04/28/2017 7:32:29 AM PDT · by SeekAndFind · 36 replies
    Fox News ^ | 04/28/2017 | By MARTIN CRUTSINGER
    WASHINGTON – The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result underscores the challenge facing President Donald Trump in achieving his ambitious economic growth targets. The gross domestic product, the total output of goods and services, grew by just 0.7 percent in the first quarter following a gain of 2.1 percent in the fourth quarter, the Commerce Department reported Friday. The slowdown primarily reflected slower consumer spending, which grew by just 0.3 percent after a 3.5 percent gain in the fourth quarter. It was the poorest...
  • Liberals don't believe their own climate alarmism

    04/28/2017 7:31:27 AM PDT · by rktman · 16 replies ^ | 4/28/2017 | Colton L. Grace
    In a recent article for the Daily Signal, Professor Walter Williams of George Mason University wrote how each Earth Day is “accompanied by predictions of doom.” He points to the first Earth Day in 1970 when Professor George Wald of Harvard proclaimed that “civilization will end within 15 to 30 years”, and how Professor Paul Ehrlich of Stanford repeated the Malthusian claim that the world population would overrun the food supply. Earth Day has consistently been marked by apocalyptic environmental prophecies that never come to fruition. This year’s Earth Day was no different. The Huffington Post warned us that we...
  • Why Donald Trump Decided to Back Off Nafta Threat

    04/28/2017 6:38:44 AM PDT · by reaganaut1 · 115 replies
    Wall Street Journal ^ | April 27, 2017 | Peter.Nicholas, Paul Vieira and José de Córdoba
    President Donald Trump was prepared to end the North American Free Trade Agreement deal, which had governed trade relations for the past 23 years, with a dramatic announcement Saturday at a Pennsylvania political rally marking his 100th day in office. As rumors spread of the possible action, Mexican President Enrique Peña Nieto called the president urging him not to pull out of the accord. “Let me think about it,” Mr. Trump said. Within a half hour a call came in from Canadian Prime Minister Justin Trudeau with a similar request. After the talks, Mr. Trump was convinced “they’re serious about...
  • Actions Speak Louder than Words (United Airlines E-mail)

    04/28/2017 5:47:41 AM PDT · by drop 50 and fire for effect · 26 replies
    United Airlines E-mail ^ | 28 April 2017 | Oscar Munoz
    NOTE: The link is to the public statement on the Dr. Dao incident by United. Complementing that public statement, United Airlines CEO Oscar Munoz emailed United MileagePlus members about that incident and what United intends to do in the future. It is posted for general information and comment. Dear Mr. XXXX, Each flight you take with us represents an important promise we make to you, our customer. It's not simply that we make sure you reach your destination safely and on time, but also that you will be treated with the highest level of service and the deepest sense of...
  • California's Road To Single-Payer Ruin

    04/28/2017 4:07:14 AM PDT · by IBD editorial writer · 24 replies
    Investor's Business Daily ^ | 4/27/2017 | Staff
    Socialized Health Care: Never let it be said that California doesn't march to the beat of a different drummer. While the rest of the country has had second, third and even fourth thoughts about having a single-payer health care system, the Golden State boldly marches forward into fiscal oblivion. As the Los Angeles Times reported Wednesday, "A sweeping measure that would establish government-run universal health care in California cleared its first legislative hurdle Wednesday as scores of supporters crammed into the Capitol to advocate for a single-payer system." Let's unpack that sentence a bit. It's true that so-called State Bill...
  • Obama Turns Out To Be A Greedy One-Percenter

    04/28/2017 4:00:38 AM PDT · by IBD editorial writer · 20 replies
    Investor's Business Daily ^ | 4/27/2017 | Staff
    Money in Politics: President Obama's devotees no doubt had hoped he would come out swinging against President Trump. Instead, the only thing he's done so far is cash in on his presidency with a massive book deal and a six-figure speech gig. Earlier this month, Obama reportedly signed a book deal with Penguin Random House for more than $65 million for one book written by him and another written by Michelle. (The exact amount wasn't made public.) Assuming that figure is correct and they both write 500 page books, that amounts to roughly $144 per word for each of them....
  • Have We Just Reached Peak Stock Market Absurdity?

    04/27/2017 8:09:31 PM PDT · by Lorianne · 37 replies
    Economic Collapse ^ | 26 April 2017 | Michael Snyder
    Have you ever wondered how tech companies that have been losing hundreds of millions of dollars year after year can somehow be worth billions of dollars according to the stock market? Because I run a website called “The Economic Collapse“, there are naysayers out there that take glee in mocking me by pointing out how well the stock market has been doing. This week, the Dow is flirting with 21,000 and the Nasdaq crossed the 6,000 threshold for the first time ever. But a lot of the “soaring stocks” that have been fueling this rally have been losing giant mountains...
  • Exclusive: Sarah Palin on Donald Trump’s First 100 Days

    04/27/2017 7:58:19 PM PDT · by KC_Lion · 32 replies
    Breitbart ^ | April 27th, 2017 | John Hayward
    Sarah Palin, former Alaska governor and Republican vice presidential candidate, looked at the first one hundred days of President Trump’s administration on Thursday’s Breitbart News Daily with SiriusXM host Alex Marlow. “I’m extremely pleased, of course, that our new president is in there building the team that he believes he needs in order to fulfill promises to the American electorate, to make America great again, and I’m very, very happy that he’s there,” said Palin.She said she found the idea of giving a simplistic letter grade to the Trump administration annoying, preferring to say President Trump is doing “very well.”...
  • Merkel warns against British 'illusions' as Brexit negotiations begin

    04/27/2017 6:13:06 PM PDT · by Olog-hai · 20 replies
    Deutsche Welle ^ | 04.27.2017 | Jefferson Chase
    Ahead of a meeting of the 27 remaining European Union nations in Brussels on Saturday, Chancellor Angela Merkel briefed the German parliament, the Bundestag, about Germany’s strategy vis-à-vis Brexit. But at least in part, her message was aimed across the English Channel. The chancellor warned London not to expect a deal that would privilege the UK. “A third-party state cannot enjoy the same advantages or be better positioned than an EU member state,” Merkel said. “I have the feeling that some people in Britain maintain illusions in this regard. They’re wasting their time.” That line drew applause from members of...
  • Guadagno tries to get GOP rival in N.J. governor's race tossed off the ballot

    04/27/2017 6:04:16 PM PDT · by GuavaCheesePuff · 16 replies
    Newark Star-Ledger ^ | April 10, 2017 | Brent Johnson
    TRENTON -- Republican gubernatorial candidate Jack Ciattarelli on Monday survived an attempt by rival Kim Guadagno to knock him off the GOP primary ballot. Supporters of Guadagno, New Jersey's lieutenant governor, filed a complaint that questioned the validity of more than 700 petition signatures Ciattarelli had handed in to qualify for the June 6 primary for the GOP nod to succeed Gov. Chris Christie, who is in his final year in office. But an administrative law judge on Monday threw out only about 180 of those signatures, which wasn't enough to boot Ciattarelli, a member of the state Assembly from...
  • How Trump's Tax Plan Targets Blue State Voters

    04/27/2017 2:34:22 PM PDT · by shove_it · 39 replies
    Money ^ | 26 Apr 2017 | Ian Salisbury
    The Trump administration has been looking for ways to cover the cost of its "massive" proposed tax cut. On Wednesday, it appeared to offer at least a partial solution: Make blue states pay... ~snip~ So just how dramatic is it? According to 2014 figures compiled by the Tax Foundation, taxpayers in just four deep blue states -- California, New York, New Jersey, and Illinois -- reaped nearly 44% of total benefit from the deduction. That means those four states pick up the lion's share of the tab if the deduction were eliminated. In all, the 18 states that went blue...
  • FCC Chair: ‘Hysterical Prophecies’ Led Dems To Almost Break The Internet In Just Two Years

    04/27/2017 1:27:00 PM PDT · by Whenifhow · 12 replies
    Daily Caller ^ | April 26 2017 | Eric Liebermann
    (FCC) Chairman Ajit Pai said in a speech Wednesday that a Democratic-led FCC during the final two years of former President Barack Obama’s tenure almost oversaw the demise of a “free and open” internet. Pai outlined the history of internet policy, saying that for almost two decades the FCC respected a “competitive free market” for the internet, one that was “unfettered by Federal or State regulation.”.... [ ] Through Title II, the Obama administration pushed for net neutrality — the principle that all internet traffic should be treated equally, which some (like former FCC chairman and Democrat Tom Wheeler) argue...
  • United Airlines reaches settlement with passenger dragged from plane

    04/27/2017 12:39:16 PM PDT · by Oldeconomybuyer · 134 replies
    Reuters ^ | April 27, 2017 | by Timothy Mclaughlin
    United Airlines has a reached a settlement for an undisclosed sum with the passenger who was dragged from a Chicago flight earlier this month in an incident that sparked international outrage, an attorney for the passenger said on Thursday.