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Business/Economy (News/Activism)

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  • Thank the Lord Donald Trump Is Not an 'Intellectual'

    07/17/2018 8:21:13 AM PDT · by rktman · 21 replies
    americanthinker.com ^ | 7/17/2018 | David Solway
    I recently participated in an email chain with conservative writers and thinkers on the inexhaustible subject of Donald Trump. Some of my correspondents, while supporting Trump as a political champion, regretted his "coarseness." He is, they alleged, rather too crude and rough hewn to comport with their ideal of proper presidential stature. Now I can understand that if Trump behaved like Hillary, prone to hysterics, outrageous and mendacious attacks on opponents, and perpetual grievance-mongering, one might regard him as unmannerly, unstable, and preposterous, as a truly "coarse" human being with a crippling behavior problem. If he had bevies of mistresses...
  • How Trump Can Lower Drug Prices

    07/17/2018 8:16:27 AM PDT · by SeekAndFind · 14 replies
    Townhall ^ | 07/17/2018 | Steve Moore
    One of Donald Trump's more memorable promises on the campaign trail was to lower the cost of prescription drugs. Polls show this issue remains popular with Americans, especially lower-income families, who are worried about high drug prices. Of course, the entire concept of drug prices' being "too high" is subjective. Drugs are too expensive ... compared with what? Certainly not compared with not having the drugs available at all. If you suffer from the intense pain of migraine headaches or have been diagnosed with lung cancer, how much would you pay for a drug to help you? I have friends...
  • Prof. Walter Williams: Shooting Ourselves in the Foot -- Here's a Better Alternative to Tariffs

    07/17/2018 7:50:43 AM PDT · by SeekAndFind · 35 replies
    Frontpage Mag ^ | 07/17/2018 | Walter Williams
    The Canadian government, lining the pockets of its dairy producers, imposes high tariffs on American dairy imports. That forces Canadians to pay higher prices for dairy products. For example, Canadians pay $5.24 for a 10.5-ounce block of cheddar. In Washington, D.C., that same amount of cheddar sells for $3.64. Canadians pay $3.99 for a 1-pound container of yogurt. In Washington, D.C., you can get nearly twice as much yogurt for a little over $4. It's clear that the Canadian government's tariffs screw its citizens by forcing them to pay higher prices for dairy products. What should the U.S. response be...
  • Subsidies Galore: Corporate Welfare For The Politically-Connected Businesses Is Bipartisan

    07/17/2018 7:33:09 AM PDT · by SeekAndFind · 4 replies
    IBD ^ | 07/17/2018
    Congress created the usual special interest frenzy with its latest iteration of the Farm Bill. Agricultural subsidies are one of the most important examples of corporate welfare, money handed out to businesses based on political connections. Business plays a vital role in a free market. In real capitalism there are no guaranteed profits. But corporate welfare eliminates this handicap for the well-connected. Business subsidies that allow politicians to channel economic resources toward their preferred ends distort investment and trade. Moreover, turning government into an engine of illicit profit encourages what economists call rent-seeking. Well-organized special interests usually triumph over the...
  • Exclusive: Young Republicans Dumped At A ‘Random’ Gas Station By Anti-Trump Uber Drive(T)

    07/17/2018 6:37:13 AM PDT · by rktman · 52 replies
    dailycaller.com ^ | 7/16/2018 | Stephanie Hamill
    It ain’t easy being a conservative these days. New reports are popping up every week about conservatives being denied service at restaurants and now even from a ride-sharing company solely because of their political beliefs. Six Republican campaign volunteers have a similar story. They say they were kicked out of an Uber on Saturday in Raleigh, North Carolina, as their driver told them “welcome to the resistance.” Mary Russell, a volunteer, and Chris Godbey, the Executive Director of the Young Republicans National Federation, sat down with the Daily Caller to share their horrifying experience. Their crime? Talking politics amongst themselves...
  • China's Trade Surplus With the US hits record high

    07/16/2018 5:34:11 PM PDT · by cba123 · 4 replies
    Express Newsline ^ | 7/16/2018
    Mr Juncker was accompanied by the President of the European Council, Donald Tusk, who warned that worsening trade tensions could lead to conflict. Instead of working with us to address a common problem, some of our trading partners have elected to respond with retaliatory tariffs created to punish American workers, farmers and companies. "It is the common duty of Europe and China, but also America and Russian Federation, not to destroy (the global trade order) but to improve it, not to start trade wars which turned into hot conflicts so often in our history", EU Council President Donald Tusk said...
  • Netflix shares tank after subscriber numbers miss targets

    07/16/2018 2:21:03 PM PDT · by Textide · 80 replies
    Yahoo News ^ | July 16, 2018 | By Lisa Richwine and Vibhuti Sharma, Reuters
    (Reuters) - Netflix Inc's subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday. The company's total monthly customers reached 130 million worldwide, 1 million fewer than forecasts from Thomson Reuters I/B/E/S, as it added new programming including "Lost in Space" and new episodes of Marvel's "Jessica Jones" and "13 Reasons Why." "We had a strong but not stellar Q2," Netflix said in a quarterly letter to shareholders. Netflix said it had "over-forecasted" quarterly fluctuations in the pace of new customers. Before the earnings report, Netflix shares had...
  • President and the Erzatz Tsar

    07/16/2018 1:55:38 PM PDT · by WWII_Historian · 2 replies
    Gary Gindler Chronicles ^ | July 16, 2018 | Gary Gindler
    ... Putin made his first mistake in 2013 when he did not permit Trump to build a hotel in Russia. He made his second mistake in 2016 when he did not respond to a letter from Trump's lawyer about the assistance in the building of the same Trump Tower in Moscow. There was a message sent to the public e-mail address of the Putin’s spokesman, and it received no answer. Of course, we've known for a long time that not responding to business letters is a part of modern Russian culture, but Trump is used to an entirely different treatment....
  • In a Tight Labor Market, Retirees Fill Gaps Their Previous Employers Can’t

    07/16/2018 9:56:43 AM PDT · by SeekAndFind · 14 replies
    New York Times ^ | 07/16/2018 | Claudia Dreifus
    Soon after Ilana Benet retired from her job as a labor and delivery nurse, it hit her: She missed the babies. And her employer missed her. Ms. Benet, a registered nurse, had worked at Montefiore Health System in the Bronx for 40 years before retiring two years ago at age 60. As a grandmother of 10, Ms. Benet wanted to spend more time with her family. But she quickly realized — within weeks — that she wasn’t ready for full retirement. Montefiore was ready to welcome her back. The hospital system developed an informal program to rehire some retired nurses...
  • Rolls-Royce unveils ‘flying taxi’ at Farnborough Airshow

    07/16/2018 8:59:51 AM PDT · by Krosan · 14 replies
    City A.M ^ | Sunday 15 July 2018 | Kathryn Gaw
    Rolls-Royce has released plans for a flying taxi that could be taking to the skies in the early 2020s. The British manufacturer will unveil its designs for an electric vertical take-off and landing (EVTOL) vehicle at the Farnborough Airshow, which will be officially opened by Prime Minister Theresa May tomorrow. The air show is one of the biggest events in the aviation calendar, and May is expected to use the occasion to announce a slew of new initiatives to boost employment and growth in the UK’s aerospace industry, and to protect the supply chains that companies such as Bombardier, Rolls-Royce...
  • Bombshell Bourdain interview is published one month after his suicide: Celebrity chef unloads ...

    07/16/2018 6:37:06 AM PDT · by Red Badger · 47 replies
    www.dailymail.co.uk ^ | Updated: 07:48 EDT, 16 July 2018 | By Emily Crane
    <p>Bourdain, one of the most outspoken male supporters of the #MeToo movement, said he would have liked to see the producer 'beaten to death in his cell'</p> <p>He also touched on politics in the Trump-era saying he would compromise his principles for some 'f**king competency'</p>
  • EU pushes China on trade, saying it could open up if it wanted

    07/16/2018 2:40:11 AM PDT · by cba123 · 8 replies
    Reuters ^ | 7/16/2018 | By Christian Shepherd and Michael Martina
    BEIJING (Reuters) - China could open its economy if it so wished, European Commission President Jean-Claude Juncker said on Monday, with the European Union calling on countries to avoid a trade war even as pressure mounts on Beijing over its industrial policies. Playing host to Juncker and European Council President Donald Tusk, Chinese Premier Li Keqiang stressed the need to uphold free trade and multilateralism as the United States and China become increasingly mired in a trade dispute, with no sign of negotiations on the horizon. U.S. President Donald Trump has warned he may ultimately impose tariffs on more than...
  • This is the 'biggest bubble in the history of mankind and it's going to burst,' Ron Paul says

    07/16/2018 2:18:26 AM PDT · by cba123 · 62 replies
    MSN / CNBC ^ | 4 hours ago | Keris Lehiff
    Look to the stock market and you'd assume Wall Street was doing just fine. The S&P 500 has come back to March highs, the Dow is back to positive for 2018, and the Nasdaq is at fresh records. It's all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul. This market is in the "biggest bubble in the history of mankind," and when it bursts, it could cut the stock market in half, he told CNBC's "Futures Now" Thursday. (please see full story at link)
  • China’s economic growth cools amid trade tensions

    07/15/2018 9:10:45 PM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Jul. 15, 2018 10:43 PM EDT | Joe McDonald
    China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected growth to cool after Beijing started tightening controls on bank lending last year to rein in surging debt. Economic activity is expected to decline further as global demand for Chinese exports weakens and lending controls weigh on construction and investment, major contributors to growth. Beijing has responded to previous downturns...
  • The Donald Does Europe

    07/15/2018 7:16:39 PM PDT · by upchuck · 9 replies
    Am Thinker ^ | July 15, 2018 | Clarice Feldman
    The president headed to Europe, tweeting all the way, like a modern cavalier on his way to do battle with the forces of corruption and bad governance: The European Union makes it impossible for our farmers and workers and companies to do business in Europe (U.S. has a $151 Billion trade deficit), and then they want us to happily defend them through NATO, and nicely pay for it. Just doesn't work!  Naturally, the bureaucrats' backs were up.  (Kind of like Strzok's when he claimed absurdly that the many texts and emails in which he revealed that outrageously anti-Trump biases were not evidence of...
  • A NEW LOW IN CORPORATE VIRTUE-SIGNALING.

    07/15/2018 6:37:56 PM PDT · by Hojczyk · 52 replies
    Powerline ^ | July 15,2018 | JOHN HINDERAKER
    Office space sharing company WeWork says it is no longer serving red or white meat at company events. In an email to employees Thursday, co-founder and Chief Creative Officer Miguel McKelvey said the company won’t serve pork, poultry or red meat, and it won’t allow employees to expense meals that include those meats to the company. Fish will stay on the menu. I would love to be present when a WeWork marketer takes a prospective client to lunch and explains that he can’t order a hamburger or a chicken salad sandwich. WeWork’s “Chief Creative Officer”–that’s a bad sign, right there–explains...
  • "I think the European Union is a foe," Trump says ahead of Putin meeting in Helsinki

    07/15/2018 1:39:12 PM PDT · by tcrlaf · 64 replies
    CBS News ^ | 7-15-2018 | CBS
    Coming off a contentious NATO summit and a trip to the U.K. in which he seemed to undercut the government of America's closest ally, President Trump took aim at another Western institution just days before his high-stakes meeting with Russian President Vladimir Putin. In an interview with "CBS Evening News" anchor Jeff Glor in Scotland on Saturday, President Trump named the European Union -- comprising some of America's oldest allies -- when asked to identify his "biggest foe globally right now." "Well, I think we have a lot of foes. I think the European Union is a foe, what they...
  • Germans fear Donald Trump more than Vladimir Putin, poll finds [YouGov; gefälschte nachrichten]

    07/15/2018 5:45:07 PM PDT · by Olog-hai · 80 replies
    Deutsche Welle ^ | 07.15.2018 | Jefferson Chase
    When asked which world leader was the greater threat to world security, 64 percent of respondents chose US President Donald Trump over his Russian counterpart, Vladimir Putin. That’s according to a YouGov poll published on the eve of Trump’s meeting with Putin in Helsinki. And the German antipathy toward Trump doesn’t end there: 56 percent of respondents thought that Putin was more competent than Trump, with only 5 percent preferring the latter on that score. Thirty-six percent of Germans find Putin more likable than Trump, while 6 percent say the opposite — although most respondents refused to indicate a preference...
  • Elon Musk Calls Diver in Thai Soccer Team Rescue a Pedophile

    07/15/2018 11:44:15 AM PDT · by NohSpinZone · 100 replies
    Fortune ^ | 7/15/18 | By David Morris
    Tesla CEO Elon Musk on Twitter this morning accused British diver Vern Unsworth of being a pedophile, after Unsworth criticized Musk’s proposal to use a small submarine to rescue a trapped soccer team in Thailand. Unsworth was instrumental in the rescue of the boy’s soccer team, but lambasted Musk’s submarine plan in an interview published by CNN Friday. Among other comments, Unsworth said the submarine “wouldn’t have made the first 50 meters into the cave” and was “just a PR stunt.” Musk, responding to further criticism from professor and New York Times columnist Zeynep Tufekci, wrote this morning that he...
  • Trump calls the European Union a foe of the United States

    07/15/2018 10:07:22 AM PDT · by Mariner · 38 replies
    Yahoo News ^ | July 15th, 2018 | Michael Walsh
    President Trump included the European Union when rattling off a list of the “biggest foes” of the United States throughout the world. The “CBS Evening News” published the interview with Trump from his golf club in Turnberry, Scotland, on Sunday morning. Alongside Russia and China, Trump mentioned the EU, which includes several of the oldest, closest allies of the United States, when asked about the country’s global foes. “Well, I think we have a lot of foes. I think the European Union is a foe, what they do to us in trade. Now, you wouldn’t think of the European Union,...