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Business/Economy (News/Activism)

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  • Feds Collect Record Income and Payroll Taxes Through July

    08/15/2017 8:42:22 AM PDT · by where's_the_Outrage? · 4 replies
    CNS news ^ | August 14, 2017 | Terence P. Jeffrey
    (CNSNews.com) - The federal government collected record amounts of both individual income taxes and payroll taxes through the first ten months of fiscal 2017 (Oct. 1, 2016 through the end of July), according to the Monthly Treasury Statement. Through July, the federal government collected approximately $1,312,691,000,000 in individual income taxes. At the same time, it collected $976,278,000,000 in Social Security and other payroll taxes. Prior to this year, fiscal 2015 held the record for individual income tax collections through July. That year, the Treasury collected $1,309,431,860,000 (in constant 2017 dollars) in individual income taxes in the first ten months of...
  • Web firm fights DoJ on Trump protesters

    08/15/2017 8:09:33 AM PDT · by Oldeconomybuyer · 7 replies
    BBC ^ | August 15, 2017
    A US service provider is fighting government demands for it to hand over details of millions of activists. The Department of Justice (DoJ) wants all visitors' IP addresses - some 1.3 million - to a website that helped organise a protest on the day of President Trump's inauguration. DreamHost is currently refusing to comply with the request and is due in court later this month. The DoJ has not yet responded to requests for comment from the BBC. It is unclear why it wants the internet protocol addresses of visitors to website disruptj20.org, which organised a protest against President Trump...
  • Google hiring based on race or gender: Fired engineer

    08/15/2017 7:23:10 AM PDT · by HLPhat · 33 replies
    business-standard ^ | 15 Aug 2017 | IANS | San Francisco
    In a fresh onslaught on its former employer, James Damore, the engineer who was fired by Google over a memo criticising the company's diversity efforts, has said that the tech giant is discriminating in its hiring practices.
  • Deadly 'super heatwaves' of will sweep across the US east coast if global warming goes unchecked

    08/15/2017 6:02:40 AM PDT · by Oldeconomybuyer · 64 replies
    Daily Mail ^ | August 15, 2017 | By Shivali Best
    FULL TITLE: Deadly 'super heatwaves' of 55°C will sweep across the US east coast, China, India, South America and Europe if global warming goes unchecked. This summer, a heatwave nicknamed 'Lucifer' has swept across Europe, with temperatures reaching 44°C (111°F). But a new study suggests that things could get much worse, with a bout of 'super-heatwaves' reaching 55°C (121°F) predicted to hit several areas if global temperatures rise by just 4°C (39°F). Experts say that these heatwaves will be particularly humid, and could leave more people vulnerable to health risks, including sun stroke and hypothermia. As a result, if global...
  • How to Break Silicon Valley’s Anti-Free-Speech Monopoly

    08/15/2017 5:33:32 AM PDT · by Behind Liberal Lines · 19 replies
    National Review ^ | 08/15/17 | Jeremy Carl
    It’s time to treat Google, Facebook, YouTube, and Twitter like public utilities.... Yes, they are private companies, just as many utilities are. And yes, these Internet monopolies do not have the same physical-infrastructure advantages that electric-utility monopolies have. But because of their network effects, their dominance and monopoly power are in many ways even starker. If I don’t like my utility I can put solar panels on my roof and an inverter and battery in my garage, and I can still get power. But if I can’t get access to the 2 billion people on Facebook because Facebook doesn’t like...
  • Report: Movie Box Office On Track for Lowest in 25 Years (TR)

    08/15/2017 3:11:39 AM PDT · by SkyPilot · 148 replies
    Showbiz 411 ^ | 14 Aug 17 | Roger Friedman
    Reports now, according to Exhibitor Relations: if things continue as they have, this will be the lowest box office in a quarter century. While there have been bright spots (“Dunkirk”) and surprises (“Baby Driver”) the failures have outweighed everything. Start with a total write off on “King Arthur” and go from there. Then go to “The Dark Tower.” One terrible new failure: “Nut Job 2,” they say, is the biggest loser ever in wide release (4000+) studio movie. It made just over $8 million this weekend. Four years ago, at a USC symposium, famed and very successful directors George Lucas...
  • Pruitt: EPA will review ‘politicized’ climate science report

    08/14/2017 8:37:32 PM PDT · by Ernest_at_the_Beach · 13 replies
    wattsupwiththat.com ^ | August 14, 2017 | charles the moderator
    <p>Environmental Protection Agency chief Scott Pruitt said his staff will gauge the “accuracy” of a major federal science report that blames human activity for climate change — just days after researchers voiced their fears to The New York Times that the Trump administration would alter or suppress its findings.</p>
  • Intel CEO Brian Krzanich quits Trump's manufacturing council

    08/14/2017 8:28:42 PM PDT · by Pinkbell · 88 replies
    CNBC ^ | August 14, 2017 | Nyshka Chandran
    Krzanich is the third executive to leave President Donald Trump's council in the span of a day — Under Armour CEO Kevin Plank and Merck CEO Kenneth Frazier both resigned earlier on Monday following the recent episode of white supremacist violence in Virginia. "I resigned to call attention to the serious harm our divided political climate is causing to critical issues, including the serious need to address the decline of American manufacturing," Krzanich said in Monday's blog post. "I have already made clear my abhorrence at the recent hate-spawned violence in Charlottesville, and earlier today I called on all leaders...
  • Tiki torch company: We have nothing to do with white nationalism

    08/14/2017 6:38:26 PM PDT · by TigerClaws · 46 replies
    Tiki Brand is distancing itself from white nationalists who used tiki torches in a protest march in Charlottesville, Virginia. "Tiki Brand is not associated in any way with the events that took place in Charlottesville and are deeply saddened and disappointed," the company said in a statement Monday. "We do not support their message or the use of our products in this way." The white nationalists marched at the University of Virginia on Friday to protest the removal of a statue of Confederate General Robert E. Lee. On Saturday, white nationalists clashed with counter-protesters, and a woman was killed when...
  • Under Armour CEO Kevin Plank Steps Down from White House Manufacturing Council

    08/14/2017 6:26:26 PM PDT · by be-baw · 55 replies
    Medaite ^ | August 14, 2017 | Josh Feldman
    Kevin Plank, the founder and CEO of Under Armour, has announced that he is stepping down from the White House American Manufacturing Council. Plank had initially sent out a statement on Charlottesville earlier today: Under Armour‏Verified account @UnderArmour We are saddened by #Charlottesville. There is no place for racism or discrimination in this world. We choose love & unity. - CEO Kevin Plank 7:34 AM - 14 Aug 2017 Following the departure of Merck CEO Kenneth Frazier from the very same council (which led to President Trump criticizing him on Twitter), there were questions about who would drop out next.
  • Amateur Sleuths Aim to Identify Charlottesville Marchers, but Sometimes Misfire

    08/14/2017 5:05:07 PM PDT · by TigerClaws · 26 replies
    <p>After a day of work at the Engineering Research Center at the University of Arkansas, Kyle Quinn had a pleasant Friday night in Bentonville with his wife and a colleague. They explored an art exhibition at the Crystal Bridges Museum of American Art and dined at an upscale restaurant.</p>
  • Ivan Boesky and the End of the '80s Wall Street Boom

    08/14/2017 4:19:55 PM PDT · by nickcarraway · 10 replies
    New York Daily News ^ | Monday, August 14, 2017 | Peter Grant
    It was the 17th of September 1986, and the curtain was now coming down on the greed-is-good Wall Street boom. On the surface, nothing seemed much different in the high-flying world of leveraged buyouts, corporate raiders, junk bonds and suspendered yuppies chasing dizzying amounts of money. But behind the scenes, one of the icons of this era was cutting a deal with federal agents and an ambitious U.S. Attorney named Rudolph Giuliani in the biggest insider-trading investigation in history. Ivan Boesky, the mega-rich and super-arrogant 49-year-old king of the arbitragers, was agreeing to sing like a platinum canary to get...
  • .@Merck Pharma is a leader in higher & higher drug prices while (....)taking jobs out of the U.S.

    08/14/2017 3:49:54 PM PDT · by SMGFan · 17 replies
    Real Donald Trump twitter account ^ | August 14, 2017 | President Donald Trump
    .@Merck Pharma is a leader in higher & higher drug prices while at the same time taking jobs out of the U.S. Bring jobs back & LOWER PRICES!
  • Canada Wants to Make Nafta More 'Progressive'

    08/14/2017 2:29:05 PM PDT · by RightGeek · 26 replies
    Fox Business/Dow Jones ^ | 8/14/2017 | Paul Vieira
    Canada will enter talks to renegotiate the North American Free Trade Agreement with a goal to seek exemptions from Washington's Buy America directives, and push for stronger labor and environmental standards in the pact. Canadian Foreign Minister Chrystia Freeland on Monday provided broad outlines on what Canada's bottom line on Nafta renegotiations, which begin in earnest on Wednesday in Washington. ... She said local-content provisions, such as Buy America, "are political junk-food -- superficially appetizing, but unhealthy in the long run." Ms. Freeland said Canada also wants to make Nafta more "progressive," through tougher labor and environmental standards. On the...
  • The New York Times wants us to believe communists have better sex

    08/14/2017 2:15:49 PM PDT · by richardb72 · 45 replies
    Fox News ^ | August 14, 2017 | John R Lott Jr
    In Sunday’s New York Times, Kristen Ghodsee paints a glowing picture of women’s lives in the former Soviet Union. From full voting rights in 1917, liberalized divorce laws, high labor force participation – and yes, reportedly better sex – life was supposedly much better for women. Ghodsee writes, “Although the Communists never fully reformed domestic patriarchy, Communist women enjoyed a degree of self-sufficiency that few Western women could have imagined.” Of course, full voting rights don’t count for very much when there is always only one candidate allowed on the ballot. But there is a more fundamental problem with Ghodsee’s...
  • Cramer to Trump: 'Get the facts straight' on Merck CEO Ken Frazier and drug pricing

    08/14/2017 12:45:28 PM PDT · by SoFloFreeper · 23 replies
    cnbc ^ | 8/14/17 | Matthew J Belvedere
    President Donald Trump should have done his homework on Merck Chairman and CEO Ken Frazier before spouting off on Twitter and implying Frazier and the drugmaker are behind "ripoff drug prices," CNBC's Jim Cramer said on Monday.
  • Colin Kaepernick received only $39 million of his 'record' $126 million contract

    08/14/2017 12:16:24 PM PDT · by Oldeconomybuyer · 51 replies
    San Francisco Chronicle ^ | August 4, 2017 | by Cork Gaines
    After leading the San Francisco 49ers to consecutive NFC championship games and one Super Bowl, Colin Kaepernick was rewarded with a "record" seven-year, $126 million contract in 2014. But after three seasons of declining production, including one season of headlines surrounding his protest of the national anthem, we got to see that the contract was not nearly as big as everybody made it out to be at the time, and in the end he received only $39.4 million. The contract gave Kaepernick a $12.3 million signing bonus and a 2014 salary of just $645,000.
  • Total eclipse towns stock toilet paper, add cell towers ahead of unprecedented crowds

    08/14/2017 12:05:29 PM PDT · by Red Badger · 30 replies
    www.accuweather.com ^ | 08-14-2017 | By Olivia Miltner, AccuWeather staff writer
    As the Aug. 21 solar eclipse nears, communities within the path of totality are preparing for masses of people traveling in search of the optimal viewing experience. The expected influx has placed an unprecedented task in front of cities and towns that are unaccustomed to large tourist populations. Places like Hopkinsville, Kentucky, are working to transform their communities to prepare for the event. “This is unlike anything this community has ever seen or will probably ever see again,” Hopkinsville Solar Eclipse Marketing and Events Consultant Brooke Jung said. “We’ve got people coming from 42 different states and 18 different countries.”...
  • Trump set to order China trade investigation

    08/14/2017 11:00:40 AM PDT · by Oldeconomybuyer · 7 replies
    BBC ^ | August 14, 2017
    Donald Trump is set to launch an investigation into China's trade practices later, a move which could lead to the US imposing sanctions. The president will sign a memorandum directing US Trade Representative Robert Lighthizer to look into China's intellectual property practices. US officials have accused China of stealing intellectual property from American companies. But the China Daily newspaper said the move could "poison" China-US relations. Mr Lighthizer will launch a section 301 investigation, which allows the president to unilaterally impose tariffs or other trade restrictions to protect US industries. Sanctions could follow from the investigation, but there is no...
  • China to stop imports of North Korean coal, iron ore and fish

    08/14/2017 10:56:48 AM PDT · by Oldeconomybuyer · 13 replies
    Sky News ^ | August 14, 2017 | By Philip Whiteside
    China says it will stop importing North Korean coal, iron ore, fish and other goods in September as it implements UN sanctions. The UN Security Council, including China, backed a new resolution last weekend imposing fresh sanctions on the rogue state in retaliation for its controversial nuclear programme. The sanctions aim to block $1bn worth of North Korean exports - about a third of its total exports. The Chinese government said the imports would stop on 5 September. China is the country's closest ally, but has been angered by its missile tests and repeatedly pressured and berated by President Trump,...