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Keyword: economy

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  • Suit: Wells Fargo targeted ‘undocumented immigrants’ for accounts

    04/29/2017 7:27:55 PM PDT · by Theoria · 9 replies
    San Francisco Chronicle ^ | 27 April 2017 | Thomas Lee
    Wells Fargo branches across the country deliberately targeted “undocumented immigrants” to open savings and checking accounts in order to meet aggressive sales goals, according to court documents. In sworn declarations obtained by Burlingame plaintiff’s attorney Joseph Cotchett, former employees describe a scheme in which Spanish-speaking colleagues would visit places they knew were frequented by immigrants (including construction sites and a 7-Eleven), drive them to a branch and persuade them to open an account. Some employees would give the immigrants $10 apiece to start an account. The events described in the declaration go back a decade. “The conduct we have come...
  • Dow’s rally from election through Trump’s first 100 days is a postwar record

    04/29/2017 2:02:32 PM PDT · by John W · 3 replies
    marketwatch.com ^ | April 29, 2017 | Mark DeCambre
    As President Donald Trump hits his 100th day in office Saturday, the Dow Jones Industrial Average has booked the best performance in the postwar era under a first-term president when measured from Election Day through the 100th day in office, according to Dow Jones data. The Dow DJIA, -0.19% has rallied 14.22% since Trump’s stunning Nov. 8 election victory over Democratic rival Hillary Clinton after a campaign promising a raft of Wall Street–friendly policies, including tax cuts, deregulation and a boost in infrastructure spending. (The S&P 500 index SPX, -0.19% has gained about 11.6% over that period, while the Nasdaq...
  • Letter endorsing anti-fracking violence penned by author of ballot issue to hike oil-and-gas tax

    04/29/2017 2:56:29 PM PDT · by george76 · 17 replies
    Colorado Politics ^ | Apr. 25, 2017 | Dan Njegomir
    Boulder - Remember that unsuccessful attempt in the legislature to toughen penalties for vandalizing oil and gas equipment? Child’s play. It turns out the author of a letter to the editor in Boulder’s Daily Camera that got a national media mention last week — for appearing to endorse outright violence against fracking operations — is the author of a pending statewide ballot issue to hike Colorado’s severance tax on oil and gas production. Reached by phone today, Andrew O’Connor, of Lafayette, unapologetically reiterated his hardline stance ... “I wouldn’t have a problem with a sniper shooting one of the workers”...
  • Here's how tech companies are living up to their promises to create jobs in Trump's America

    04/29/2017 3:13:43 PM PDT · by 2ndDivisionVet · 21 replies
    CNBC ^ | April 29, 2017 | Deirdre Bosa
    • IBM, Amazon, SoftBank, and Alibaba all made high-profile pledges to create U.S. jobs • Progress has been mixed, with Amazon hiring the most so far. The first few weeks of Donald Trump's presidency were flooded with jobs announcements with a common theme: bringing jobs back to America. Now, 100 days into the Trump administration, where are those jobs? What positions have been filled and which companies have followed up with real hiring? While some companies were eager to provide big, tweetable numbers a few months ago, progress has been a little slower. For example: IBM. Shortly after the election...
  • Sorry, But Calling Weak Q1 GDP A 'Report Card' On Trump Is Absurd

    04/29/2017 4:32:10 AM PDT · by IBD editorial writer · 22 replies
    Investor's Business Daily ^ | 4/28/2017 | Staff
    Media Bias: The economy's weak 0.7% growth in the first quarter was disappointing, to say the least, the worst gain in three years. But to the Trump-despising big media, it seems, it's really a sign of his failure. CBS and the Associated Press tell us the first quarter's "lackluster beginning ... marks the first quarterly economic report card for President Donald Trump, who has vowed to rev up the U.S. economy." The Wall Street Journal, which should know better, called the number "the broadest report card on the economy in the nearly 100 days since President Donald Trump took office...
  • Standing by their man: These LGBTQ Trump supporters are still in his corner

    04/28/2017 8:48:19 PM PDT · by 2ndDivisionVet · 12 replies
    LGBTQ Nation ^ | April 28, 2017 | Jeff Taylor
    LGBTQ Trump supporters may seem like unicorns, but they do exist. In fact, according to exit polling, 14 percent of our community voted for him in the 2016 election. While that number is down from what the GOP managed to take in previous presidential elections, where they managed to absorb between the low to high 20 percent range, it still represents a not so insignificant number of people. Speaking with several LGBTQ individuals who maintain support for President Trump, as we hit the first 100 days in office benchmark, a few things became clear. For one, they know they baffle...
  • Report: Trump's $1T infrastructure plan could create 3M jobs

    04/28/2017 7:06:47 PM PDT · by 2ndDivisionVet · 22 replies
    Construction Dive ^ | April 28, 2017 | Kim Slowey
    Dive Brief: •The proposed $1 trillion U.S. infrastructure plan could create as many as 3 million jobs if projects are prioritized for optimal job generation, according to a Boston Consulting Group report. •However, if project planners focus only on the critical nature of each project and do not factor in the potential for job growth, then the same $1 trillion investment could generate just 1.6 million new jobs. •Projects that yield the most jobs are airports, seaports and hospitals because they employ temporary construction workers and offer more post-completion permanent jobs than other infrastructure projects, such as a non-tolled highway....
  • What Happened to the Stock Market Crash Experts Were Predicting

    04/28/2017 5:02:25 PM PDT · by blam · 27 replies
    Market Oracle ^ | 4-28-2017 | Sol_Palha
    "Any jackass can kick a barn down, but it takes a carpenter to build it." ~ Sam Rayburn One jackass (oops we mean expert) after another, has been predicting that this market is ready to crash. The problem is that these brain surgeons have been making this argument for so long it almost sounds like the definition of insanity. Insanity boils down to doing the same thing over and over again and hoping for a new outcome. These predictions are so off the mark that they make a broken clock look fantastic which happens to be right once or twice...
  • German economy booms as protectionist threat goes pop

    04/28/2017 12:44:20 PM PDT · by Berlin_Freeper · 10 replies
    reuters.com ^ | April 28, 2017 | Michael Nienaber
    When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest harbour. There is an export boom underway, the ships tell him. China, in particular, is "buzzing", Mattern says. The sharp increase in demand for "Made in Germany" goods from around the world is pushing Europe's largest economy into overdrive -- and, not coincidently, helping dispel worries about rising protectionism under U.S. President Donald Trump. Some German companies are even considering expanding into the United States, while others reckon...
  • U.S. economy posts slowest growth in three years, first-quarter GDP shows

    04/28/2017 5:51:47 AM PDT · by RoosterRedux · 20 replies
    marketwatch.com ^ | Jeffry Bartash
    The government’s official scorecard for the U.S. economy pointed to the weakest growth in the first quarter in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months. Gross domestic product increased at a meager 0.7% annual pace in the first three months of the year, down from 2.1% and 3.5% in the back half of 2016. Economists polled by MarketWatch had forecast a 0.9% increase. In premarket trading, futures pointed to a flat opening for the Dow Jones Industrial Average DJIA, +0.03%. The dropoff mostly stemmed from...
  • GOP Reps Vote Themselves Obamacare Goodies That We’ll Pay For But Not Get

    04/27/2017 1:20:25 PM PDT · by HarleyLady27 · 15 replies
    Conservative Tribune.com ^ | April 26, 2017 | Ben Marquis
    Perhaps the most famous line from George Orwell’s classic satire on socialism, “Animal Farm,” is that which declares, “All animals are equal, but some animals are more equal than others.” If the following report on what House Republicans are doing with their Obamacare replacement bill holds true, then they have just turned Orwell’s words into action by granting themselves a privilege not extended to everyone else. However, while the left-leaning Vox seemed to imply that this is some sort of new and nefarious development by uncaring Republicans granting themselves special privileges, The American Spectator pointed out that Congress has long...
  • The Hill's Whip List: 12 GOP no votes on new ObamaCare bill

    04/27/2017 10:15:13 AM PDT · by HarleyLady27 · 24 replies
    The Hill ^ | April 27, 2018 | The Hill Staff
    House Republicans have an updated bill to repeal and replace ObamaCare, and The Hill has a new whip list. The updated bill includes an amendment that would allow states to opt out of key ObamaCare rules, including on minimum coverage requirements and allowing insurers to charge more based on individuals' health. Those changes are designed to win over conservatives, and the new legislation has been backed by the House Freedom Caucus and outside groups including the Club for Growth and FreedomWorks. The question is whether GOP centrists can back it. This list was last updated on April 27 at at...
  • California: The sick man of the United States

    04/27/2017 8:31:55 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 04/27/2017 | Andrew Solomon
    The Sick Man of Europe is a phrase that was first used to describe the waning Ottoman Empire. Since then, it has been applied to various European countries over the years suffering from political and economic dilapidation, whether it was Britain or, later, Germany. In the United States, we have our own "sick man." California is gravely ill. It is suffering from ideological madness, economic illiteracy, stubborn pretension, and general Democrat corruption. As Donald Trump nears passage of repealing Obamacare, on cue, as predicted, California is putting into motion its own single-payer proposition, S.B. 562. It sounds like a virus....
  • Is It Time to Repeal FATCA?

    04/27/2017 8:16:16 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | April 27, 2017 | Veronique de Rugy
    I've previously argued that the Trump administration should stop funding the Organization for Economic Cooperation and Development because of its advocacy of higher taxes and tax harmonization. At the time, I was told that my position could be perceived as hypocritical because our government is responsible for the adoption and enforcement of the hideous Foreign Account Tax Compliance Act. Let me address this omission. FATCA, which was passed in 2010 by a Democratic Congress and enacted by President Barack Obama, requires law-abiding Americans with legitimate bank accounts outside the country and foreigners working in the United States to turn over...
  • Will The Third Industrial Revolution Create An Economic Boom That Saves The Planet?

    04/26/2017 1:12:57 PM PDT · by 2ndDivisionVet · 12 replies
    Fast Company ^ | April 26, 2017 | Jeff Beer
    First, the bad news: GDP is slowing all over the world because productivity has been in decline for two decades. The result has been higher unemployment (especially among young people) and economists talking about 20 more years of slow growth. According to new numbers from Oxfam, just eight people are as rich as half the globe. In addition to this unprecedented inequality, we face climate change that’s taken us into the sixth extinction wave in the history of the planet, and the last time that happened was 65 million years ago. To turn things around before it’s too late, we...
  • ESPN Firing Over A Hundred Employees Today

    04/26/2017 11:45:22 AM PDT · by boycott · 53 replies
    OutkickedtheCoverage.com ^ | 4-26-2017 | Clay Travis
    Middle America wants to pop a beer and listen to sports talk, they don't want to be lectured about why Caitlyn Jenner is a hero, Michael Sam is the new Jackie Robinson of sports, and Colin Kaepernick is the Rosa Parks of football. ESPN made the mistake of trying to make liberal social media losers happy and as a result lost millions of viewers.
  • Immigrants flooded California construction. Worker pay sank. Here’s why

    04/26/2017 5:52:38 AM PDT · by C19fan · 30 replies
    LA Times ^ | April 22, 2017 | Natalie Kitrieff
    Eddie Ybarra and Francisco Martinez, both in their 40s, work side by side building the walls of two of the newest condo buildings in downtown Los Angeles. They drive pickup trucks to work, park in adjacent lots and both take their lunch break around 10 a.m. That’s about all they share. Ybarra, born in Los Angeles, has built a solidly middle-class lifestyle on more than two decades in the carpenters’ union, earning $40 an hour on top of a pension, healthcare and unlimited vacation days.
  • Trump Is Said to Abandon Contentious Border Tax on Imports

    04/25/2017 3:41:07 PM PDT · by Theoria · 36 replies
    The New York Times ^ | 25 April 2017 | KATE KELLY, RACHEL ABRAMS and ALAN RAPPEPORT
    The Trump administration has dropped any support for a so-called border adjustment tax on imports, according to two people who have been briefed on the matter. The tax was intended to be the keystone of a tax reform proposal developed by Republican leaders in the House of Representatives. But it faced immense pushback from influential companies including Walmart and Toyota. If enacted, a border adjustment tax would have effectively imposed significant levies on billions of dollars of imported goods. Retailers in particular would have been hard hit, as products ranging from tires to T-shirts, which are imported from overseas, would...
  • Poll: Since Trump Took Office People Who Believe Economy Is Getting Better Highest in 15 Years

    04/24/2017 11:00:15 AM PDT · by ForYourChildren · 9 replies
    Breitbart ^ | 04/24/2017 | Penny Starr
    A new Washington Post-ABC News poll shows that since President Donald Trump took office on January 20 the number of people who believe the economy is improving is at the highest level in 15 years, The Post reported on Sunday.
  • Leftist Delusion Spreading; You Can’t Have Freedom Without Economic Liberty

    04/23/2017 8:48:31 PM PDT · by smashtheleft · 9 replies
    insurgenttribe.com | 4/23/17 | Shawn Mitchell
    The American left is becoming more brazen. It feels empowered and unashamed to censor conservative speech on campus and elsewhere. It frankly condemns property rights and the free enterprise system. Its champions like Bernie Sanders or Elizabeth Warren coldly mock prosperous entrepreneurs and even disparage abundant consumer choice on the shelves of grocery and department stores. That worldview is obviously far from America’s cultural and constitutional roots. In choosing the blessings and risks of independence over the security and servitude of colonial dependence, the founders crafted a constitution carefully structured to protect property, contract, and economic rights.