Business/Economy (News/Activism)

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  • U.S. Stocks End Worst Week in Years

    03/23/2018 2:39:32 PM PDT · by reaganaut1 · 3 replies
    Wall Street Journal ^ | March 23, 2018 | Akane Otani, Riva Gold and Michael Wursthorn
    Shares of banks and technology firms dragged markets sharply lower Friday, punctuating the worst week for major U.S. stock indexes in more than two years. Friday’s selling highlighted investors’ increasing anxiety over a range of concerns, including the White House’s increasingly protectionist trade agenda, rising interest rates and collapsing bets on technology giants that had powered much of the stock market’s rally until recently. The Dow industrials lost more than 1,100 points in the week’s final two sessions. Financial stocks in the S&P 500 dropped 3% Friday, with Bank of America and Morgan Stanley falling nearly 5% apiece. Tech stocks...
  • Trump will exempt EU, other allies from steel and aluminum tariffs, US trade representative says

    03/23/2018 2:05:53 PM PDT · by Berlin_Freeper · 14 replies ^ | March 22, 2018 | Spencer Kimball
    The U.S. will grant the European Union and some other countries a temporary exemption from aluminium and steel tariffs, averting a trade war with key allies as the Trump administration tailors penalties to target China. U.S. Trade Representative Robert Lighthizer told the Senate Finance Committee on Thursday that the Trump administration would temporarily exempt some countries "based on a certain set of criteria" from steel and aluminum tariffs while they negotiate with the United States. In addition to the EU, those exempt are Argentina, Australia, Brazil and South Korea, Lighthizer said. President Donald Trump had already granted exemptions to Mexico...
  • The Biggest Scam In The History Of Mankind - Hidden Secrets of Money

    03/23/2018 2:02:14 PM PDT · by Dick Bachert · 19 replies
    Self ^ | 3 23 2018 | Dick Bachert
    WOW! How to start? Let me try this: I once heard a presentation by a man who'd spent 20 years in the visual media business. I was shocked to learn that his experience with the Generation Xers and Millennials is as follows: * Most of them DO NOT READ BOOKS but get their information from their electronic devices (smart phones, tablets, computers). * If something they “click” on doesn't grab their attention in the first 8 seconds, THEY'RE GONE! * Even if they're “hooked” in those first 8 seconds, most of them will TUNE OUT if it runs much over...
  • Millionaire ranks grew in America the most since 2009

    03/23/2018 12:08:33 PM PDT · by SoFloFreeper · 18 replies
    Fox business ^ | 3/22/18 | By Jade Scipioni
    In a sign of a booming economy under President Donald Trump, a biggest number of U.S. households in almost a decade climbed to millionaire status last year. The number reporting a net worth between $1 million and $5 million, not including primary residences, grew by almost 600,000 last year to nearly 10 million, according to market research and consulting firm Spectrem Group.
  • According to ‘Krypton’ There’s A Chance Superman May Have African-American Bloodlines

    03/23/2018 11:41:26 AM PDT · by Bubba_Leroy · 56 replies
    Inquisitor ^ | March 23, 2018 | Mark Wilson
    The history of Superman is well documented throughout time in either comics, TV shows or movies. However, the history of his bloodlines has been pushed to the side just a bit, that is until the recent premiere of Krypton. In the new show on SYFY, it chronicles the life of Superman’s grandfather and great grandfather’s studies while on the planet of Krypton before Kal-El was born. While it was interesting to see the beginning of his story, what stood out the most is what may have slipped the eyes of many. While critics have bashed the pilot, there are some,...
  • If This Is A Trade War, Sign Me Up

    03/23/2018 11:26:51 AM PDT · by LibertyFound · 9 replies
    National Economics Editorial ^ | March 23, 2018 | Dylan Scott
    We’re Off To A Good Start In The “Trade War” Yesterday, the Trump administration slapped $60 billion in tariffs on Chinese imports. The tariffs are intended to protect American innovation and competitiveness in the global market. In response, China put retaliatory tariffs to the tune of $3 billion on US imports early Friday morning. Trump also indicated that this will be the first of many economic actions the White House will take to combat China’s unfair trading practices. Watch below: As this editorial has argued since it’s inception, tariffs are a good thing and are in fact necessary to bring...
  • Bank Of America Sponsors Anti-Gun Panel

    03/23/2018 11:07:33 AM PDT · by rktman · 15 replies ^ | 3/23/2018 | Joe Simonson
    Bank of America further solidified its corporate position in favor of gun control after sponsoring an anti-gun discussion hosted by Axios on Friday. Axios co-founder Mike Allen facilitated the talk between activist and Marjory Stoneman Douglas High School student David Hogg and Democratic Sen. Richard Blumenthal of Connecticut. The event, held in Washington, D.C., occurred at 8 a.m. and had no outside sponsors beside BoA. Despite the fact that it was billed as a conversation “on gun safety in America,” there was virtually no disagreement between Hogg and Blumenthal on policy. Allen asked Hogg what “the biggest mistake the media...
  • ... Cardi B flies into rage over paying 40% in taxes ...

    03/23/2018 10:38:04 AM PDT · by Sergio · 42 replies
    London Daily Mail ^ | 23 March 2018 | reporter
    Full Title: 'I want to know what the f*** you're doing with my f***ing money!': Cardi B flies into rage over paying 40% in taxes in expletive filled Instagram post It's tax season, and Cardi B is not a happy camper. The New York City native, 25, took to social media on Thursday launching into a fast-paced rant about how she was unhappy at the rate she was being taxed, as well as not seeing any sort of return on her dollar. 'So you know the government is taking 40 percent of my taxes and Uncle Sam, I want to...
  • H. Wayne Huizenga, South Florida business titan, dead at 80

    03/23/2018 9:49:57 AM PDT · by SoFloFreeper · 10 replies
    sun sentinel ^ | 3/23/18 | Mike Clary, Marcia Heroux Pounds and Craig Davis
    H. Wayne Huizenga, whose restless entrepreneurial spirit led him to become the only U.S. businessman to three Fortune 500 companies, has died. He was 80. “He succumbed to a decades-long battle with cancer. He was treated for cancer for years,” said Bob Henninger, executive vice president for Huizenga Holdings. “He fought a great fight. He died quietly.” ....In creating companies including Waste Management, Blockbuster and AutoNation, Huizenga earned a reputation as a corporate alchemist... ....Huizenga was famously disciplined and demanding, determined to outwork competitors and inspire employees. He could have fun, too. AutoNation’s Jackson has spoken in published interviews about...
  • Craigslist drops personal ads due to sex trafficking bill

    03/23/2018 9:04:27 AM PDT · by Red Badger · 82 replies ^ | March 23, 2018 | 9:53am | Updated | By Lia Eustachewich
    Craigslist has yanked its personal ads section in the wake of an anti-online sex trafficking bill that passed in Congress this week. The Allow States and Victims to Fight Online Sex Trafficking Act, or FOSTA, makes websites criminally liable for content that its users post, including prostitution ads and sex-trafficking content. Craigslist — whose personals include bawdy categories such as casual encounters — said it pulled ads because it wasn’t worth running afoul of the new law. “Any tool or service can be misused,” the website said in a statement. “We can’t take such risk without jeopardizing all our other...
  • To Tariff or Not to Tariff? Trump's Answer

    03/23/2018 8:30:50 AM PDT · by WWII_Historian · 8 replies
    American Thinker ^ | March 23, 2018 | Gary Gindler
    Why did China and other countries act contrary to the theory of Friedman? Because Friedman's arguments, unfortunately, are correct only when all other variables in economic equations remain unchanged. Trump had changed the overall conditions of the economic game. On the one hand, Trump raises taxes for companies outside America (tariffs), and on the other hand, he reduces domestic taxes for companies in America. Let me remind you that thanks to Trump, now corporate income tax in America has been reduced from 35% to 21%. Also, the lion's share of bureaucratic barriers to business development, set by Obama, are canceled...
  • Vanity - POTUS, Veto that 1.3 Trillion Dollar Budget..right now!!! Then fire Ryan/McConnell.

    03/23/2018 8:25:22 AM PDT · by JLAGRAYFOX · 70 replies
    It's either Yes or No, Mr. POTUS, Donald J. Trump. Sir, you are the human being in this God's world put there by the American people to save this once magnificent Nation Republic. A profile in courage awaits your pen killing this monster of destruction of the American closed!!! Veto that bill!!!
  • Do you know how much is YOUR data worth on the Dark Web? $1

    03/23/2018 8:24:42 AM PDT · by Gennie · 16 replies
    Stronghold Cyber Security ^ | March 23, 2018 | Stronghold Cyber Security
    Two new reports have found out just how much your data is worth on the Dark Web. Content marketing agency Fractl analyzed, over several days last month, all of the fraud-related listings on three Dark Web marketplaces — Dream, Point and Wall Street Market – the results of which were obtained via MarketWatch. MarketWatch indicates that an individual’s Gmail account can be purchased for as little as $1, while Facebook credentials go for around $5.20. Paypal accounts average $247.00.
  • Dick’s Sporting Goods Sales Sink After New Gun Policy

    03/23/2018 7:30:16 AM PDT · by Behind Liberal Lines · 69 replies
    NATIONAL REVIEW ^ | March 22, 2018 8:24 AM | By MAIREAD MCARDLE
    Dick’s Sporting Goods has suffered a surprisingly steep downturn in sales since promising to sell fewer guns, but the problem isn’t the gun sales, Fortune says. Stock tumbled to the lowest in four months after the sports store banned assault-style weapons from its Field & Stream stores and raised the minimum age for a customer to buy a firearm from 18 to 21.... “There’s going to be some pushback and we expected that,” said CEO Edward Stack, in an earnings call with Wall Street analysts, according to CNN. “There are going to be the people who don’t shop us anymore...
  • Cambridge Analytica Played Roles in Multiple African Elections

    03/22/2018 9:53:48 PM PDT · by · 15 replies
    voice of america/ Africa Division ^ | March 22, 2018 | Salem Solomon
    People walk past the building that houses the offices of Cambridge Analytica in central London, March 20, 2018. Share WASHINGTON — Long before its controversial roles in the 2016 Brexit vote and U.S. presidential election, Cambridge Analytica influenced elections in Africa. The data mining company, under fire for its alleged use of 50 million Facebook accounts to shape campaign messages for then-candidate Donald Trump, also played a role in elections in Kenya and Nigeria, according to new reports. The company's first involvement in Africa dates to the general election in South Africa in 1994. That election marked the end of...
  • Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.

    03/22/2018 9:08:44 PM PDT · by Tolerance Sucks Rocks · 29 replies
    The Daily Signal ^ | March 16, 2018 | Patrick Tyrrell and Caleb Pascoe
    The new tariffs announced by President Donald Trump have generated intense controversy. With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past. New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so. In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. In response, the government...
  • Citi cracks down on gun sales: 'We want to do our part'

    03/22/2018 3:39:16 PM PDT · by mojito · 61 replies
    ABC News ^ | 3/22/2018 | Emily Sharpiro
    Global bank Citi is starting a new commercial firearms policy within the U.S. "to do our part as a company to prevent firearms from getting into the wrong hands," the company said today. The new policy requires its new retail sector clients and partners to follow several practices: not sell guns to someone who didn't pass a background check; not sell bump stocks and high-capacity magazines; and not sell guns to people under 21 years old. Ed Skyler, Citi's head of global public affairs, said Citi has a few relationships with companies that manufacture guns, and for those relationships, "We...
  • U.S. Stocks Sell Off on Concerns About Trade

    03/22/2018 2:49:13 PM PDT · by reaganaut1 · 47 replies
    Wall Street Journal ^ | March 22, 2018 | Michael Wursthorn and Riva Gold
    Trade war fears that have roiled the markets for two weeks intensified Thursday, sending the Dow Jones Industrial Average tumbling more than 700 points and adding to concerns that stocks could be headed for a larger reckoning. Thursday’s selling, which sent shares of manufacturers, aluminum producers and steelmakers sharply lower, marked the culmination of months of growing investor anxiety over the course of U.S. trade policy. It came at a time when many say the market was already under pressure, gripped by fears over rising interest rates and sliding technology shares. Trade tensions ratcheted higher, as the Trump administration said...
  • Dow close down more than 720 points amid news of Trump's planned tariffs on China

    03/22/2018 1:46:11 PM PDT · by SMGFan · 70 replies
    ABC News ^ | March 22, 2018
    The Dow Jones Industrial Average plunged more than 700 points today amids Wall Street fears of a potential trade war with China sparked by punishing tariffs announced by President Donald Trump.
  • Battle of species pits protected sea lions vs. fragile fish [CA-OR-WA]

    03/22/2018 1:08:18 PM PDT · by Red Badger · 27 replies ^ | Updated March 22, 2018 at 12:44 pm | By GILLIAN FLACCUS
    NEWPORT, Ore. (AP) — The 700-pound sea lion blinked in the sun, sniffed the sea air and then lazily shifted to the edge of the truck bed and plopped onto the beach below. Freed from the cage that carried him to the ocean, the massive marine mammal shuffled into the surf, looked left, looked right and then started swimming north as a collective groan went up from wildlife officials who watched from the shore. After two days spent trapping and relocating the animal designated #U253, he was headed back to where he started — an Oregon river 130 miles (209...