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Business/Economy (News/Activism)

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  • Cortez Celebrated Amazon Pulling Out of NY––But the Governor Says It Cost the City 25,000 Jobs

    02/18/2019 9:55:21 AM PST · by ETL · 63 replies
    Time Magazine, via Yahoo News ^ | February 17, 2019 | Billy Perrigo - Time Magazine
    Rep. Alexandria Ocasio-Cortez declared victory when Amazon announced Thursday that it would not build a second headquarters (known as HQ2) in Queens, New York. Gov. Andrew Cuomo called it a “lost economic opportunity” and blamed “a small group [of] politicians [who] put their own narrow political interests above their community.”The dispute between the two Democrats lays bare a divide over the plan to offer $2.8 billion in tax breaks for Amazon to establish a major presence in New York City. On one side, old hands like Cuomo; on the other, the newly insurgent, left-leaning wing represented by Ocasio-Cortez.“Today was the...
  • Rubio’s Misguided Buyback Tax

    02/18/2019 5:10:38 AM PST · by reaganaut1 · 8 replies
    National Review ^ | February 18, 2019 | Jon Hartley
    Senator Marco Rubio’s plan to tax stock buybacks in the hopes of spurring investment (based at least partially on a 1969 Yale Law Journal article) is heavily flawed for multiple reasons. Respectfully, the senator seems to be operating under the incorrect belief that buybacks are tax-advantaged, when in fact buybacks are already taxed in the form of capital-gains taxes. Since 2003, when the dividend-tax rate was lowered to remove the tax advantage then afforded buybacks, the tax rates on qualified dividends and long-term capital gains have been the same. In theory, buybacks are only tax-advantaged over dividends under today’s tax...
  • Starry wants to put high-speed 5G internet in reach of everyone.

    02/17/2019 11:17:18 PM PST · by L.A.Justice · 66 replies ^ | 9/7/2018 | Ron Miller
    Boston startup, wants deliver high-speed 5G internet in major cities at a reasonable price. Today, it announced it is expanding service from its initial launch in Boston to New York City. The company also announced a deal with Related Companies, a large national affordable housing owner, to host Starry equipment on its buildings and offer Starry service to its tenants. The Starry solution consists of three parts: The beam sits on a high roof. The point sits on a lower roof and the consumer gets a Starry Station, which acts as a modem of sorts to deliver the internet service...
  • Delingpole: Why Is Britain’s Richest Man – Sir Jim Ratcliffe – Moving to Monaco? Ask Ayn Rand…

    02/17/2019 6:22:29 PM PST · by tcrlaf · 29 replies
    Brietbart ^ | 2-17-2019 | Delingpole
    Britain’s richest man Sir Jim Ratcliffe (worth Ł21 billion) is leaving the United Kingdom and the European Union for tax exile in Monaco, depriving the Treasury of up to Ł4 billion in tax. This is more tax than the entire bottom 40 percent of the British population pay: that’s because none of them pays any tax at all. To understand why Ratcliffe is leaving, you need only glance at the reaction on social media.
  • Fox News Poll: Capitalism buries socialism

    02/17/2019 3:01:30 PM PST · by upchuck · 14 replies
    Fox news ^ | Feb 13, 2019 | Dana Blanton
    Capitalism is far more popular than socialism, according to a Fox News Poll of registered voters. The poll also finds economic optimism high, and the number wanting help from the government the lowest in years. The new poll, released Wednesday, asks what message voters want to send to the federal government. Over half would say “leave me alone.” About a third would ask Uncle Sam to “lend me a hand.” The 34 percent saying “lend me a hand” is down from 41 percent last year and 39 percent in 2016. The 55 percent who would tell the government “leave me...
  • The Left Looks Backwards (Again)

    02/17/2019 2:35:11 PM PST · by huckfillary · 9 replies
    Artful Dilettante ^ | February 17, 2019 | Thomas DiLorenzo
    The so-called Green New Deal that was recently posted as a congressional Resolution and endorsed by many high-profile Democrats is essentially a twenty-first century version of the 1888 utopian novel, Looking Backward, by the Marxist-inspired writer Edward Bellamy. The main character of the novel, one Julian West, falls asleep for 113 years and awakes in the year 2000 delighting in the fact that America had been turned into a socialist utopia. A major theme of the novel is that all the evils of society can be eradicated by more-or-less totalitarian government controls, mandates, and regulations. That is also the theme...
  • If Joe Biden runs, his presidency goes through Wall Street

    02/17/2019 2:15:38 PM PST · by SoFloFreeper · 22 replies
    Fox Business ^ | 2.17.19 | Charles Gasparino, Suzanne O'Halloran
    If Joe Biden does run for president Opens a New Window. , it will be the culmination of two years of weighing the issue while meeting with donors, many of them Wall Street executives -- and nearly duking it out with one of them along the way. Of course, the former vice president's path to run for president in 2020 Opens a New Window. didn't literally begin on the corner of Wall and Broad Streets in lower Manhattan. But as FOX Business has reported, financial sector donors have been at his side from nearly the moment he began thinking about...
  • Uber is suing New York City… again: It's not government's job to protect taxi companies

    02/17/2019 2:06:19 PM PST · by SeekAndFind · 17 replies
    Hotair ^ | 02/17/2019 | Jazz Shaw
    The long-running battle between the gig industry and the Big Apple has taken yet another turn. Despite the best efforts of Uber and Lyft to find some sort of compromise and accommodation with the municipal government of New York City, new laws were passed that put a cap on new licenses for ride-hailing vehicles and mandated a minimum hourly wage for drivers. This was done knowing full well that it undercuts the entire concept of ride-sharing services. And now Uber is joining Lyft in taking the city to court over these restrictions. (CNBC) Uber sued New York City on...
  • Believe It Or Not, The Amazon Pullout Wasn’t Even The Worst Economic News For NY Dems This Week

    02/17/2019 5:26:38 AM PST · by SeekAndFind · 75 replies
    Hotair ^ | 02/17/2019 | Jazz Shaw
    New York State managed to draw significant national media attention this week when Amazon decided to cancel its plan to open a new HQ in Queens. AOC, who apparently now runs the Democratic Party, immediately declared victory, having ensured that a caravan of tens of thousands of new, well-paying jobs wouldn’t invade the area. But as difficult as it may be to believe, that wasn’t the worst economic news New Yorkers had to face.The less reported story had to do with Governor Andrew Cuomo’s plan to save the upstate region by investing in “green technology” companies, presumably also bringing...
  • Trump as Hercules Cleaning Out the Augean Stables

    02/17/2019 5:09:50 AM PST · by upchuck · 17 replies
    Am Thinker ^ | Feb 17, 2019 | Clarice Feldman
    Last week in Viareggio, Italy, the citizens paraded with a huge float depicting President Trump as Hercules. Looking at his many accomplishments against countless enemies and political opponents, the depiction was not inapt. Like Hercules, he defeated the Queen of the Amazons, and this week, he's going on to clean out the Augean Stables. In this respect, he's aided by the utter stupidity of his opponents. A. The Green New Deal For decades now, under the guise of environmental protection, the far left has tied down America's economy. It's been largely gradual, hidden in fancy language and supported by those...
  • Southwest Airlines declares an 'operational emergency' (trunc)

    02/16/2019 11:53:16 PM PST · by blueplum · 47 replies
    The Daily Mail UK ^ | 16 Feb 2019 | Lauren Fruen
    Full title: Southwest Airlines declares an 'operational emergency' due to grounded jets and 'threatens to fire mechanics who don't show up for work' as hundreds of planes are delayed or canceled Southwest Airlines has declared an 'operational emergency' due to grounded jets and threatened to fire mechanics who don't show up for work, according to reports. In a company memo seen by CNBC the carrier said notes from doctors were needed if they were 'alleging illness' after an unusually high number of planes needed maintenance work. Hundreds of their planes were delayed Friday, according to flight-tracking site FlightAware. Up to...
  • As the national debt hits $22 trillion, these are the only people trying to cut spending

    02/16/2019 9:02:57 PM PST · by Tolerance Sucks Rocks · 67 replies
    The Washington Examiner ^ | February 15, 2019 | Jack Hunter
    The national debt hit $22 trillion this week. You won’t find many in either major party who think this is a healthy development. But isn’t part of the reason people vote Republican because that party presents itself as fiscally responsible compared to Democrats? For as long as the debt has grown, Republicans have been promising to stop it. Yet, in 1981 the national debt topped $1 trillion after former President Ronald Reagan’s first year. When former President George H.W. Bush left office in 1993, it was more than $4 trillion. His son, former President George W. Bush, would push it...
  • "Progressive" Attacks on Capitalism Were Key to Hitler's Success

    02/16/2019 9:00:05 PM PST · by TBP · 15 replies
    Mises Institute ^ | 02/07/19 | Ludwig von Mises
    The following, written in 1940, is excerpted from Interventionism, An Economic Analysis, which was originally part of Nationaloekonomie, the German predecessor to Human Action. Hitler, Stalin, and Mussolini constantly proclaim that they are chosen by destiny to bring salvation to this world. They claim they are the leaders of the creative youth who fight against their outlived elders. They bring from the East the new culture which is to replace the dying Western civilization. They want to give the coup de grace to liberalism and capitalism; they want to overcome immoral egoism by altruism; they plan to replace the anarchic...
  • Bill de Blasio: The Path Amazon Rejected

    02/16/2019 4:34:20 PM PST · by Sub-Driver · 68 replies
    New York Times ^ | Today | Bolshevik Bill de Blasio
    Bill de Blasio: The Path Amazon Rejected It could have answered the concerns of citizens. Instead it bolted. By Bill de Blasio Mr. de Blasio is mayor of New York City. Feb. 16, 2019 The first word I had that Amazon was about to scrap an agreement to bring 25,000 new jobs to New York City came an hour before it broke in the news on Thursday. The call was brief and there was little explanation for the company’s reversal. Just days before, I had counseled a senior Amazon executive about how they could win over some of their critics....
  • Illinois Shooting Occurred in Gun-Free Zone

    02/16/2019 1:33:25 PM PST · by rktman · 25 replies ^ | 2/15/2019 | AWR Hawkins
    The February 15, 2019, shooting at Henry Pratt Company (HPC) occurred even though HPC is a gun-free zone. Crime Prevention Research Center reported, “This attempted mass public shooting occurred in yet another gun-free zone. 98% of mass public shootings since 1950 have taken place in areas where people can’t defend themselves.” Georgia Carry also posted a photo of a sign indicating no guns allowed on HPC’s front door to its Instagram account.
  • Green New Deal or Gold of Capitalism?

    02/16/2019 1:27:48 PM PST · by huckfillary · 8 replies
    The Daily Dose of Reason ^ | February 16, 2019 | Dr. Michael J Hurd
    The environmentalist movement was never about smog, pollution or even global warming. In the minds of naive people who fell for the propaganda, it was. But the reality was always implicit. The environmentalist movement was always about control. And shame. The “Green New Deal” has exposed the environmentalist movement for what it is. It has made the insanity explicit. If you want to sum up environmentalism, you might call it urban religion. It’s an expression of guilt. “You live in a land of plenty. It’s shameful.” Today’s environmentalists are the modern Puritans. They’re repressive, shaming and hostile to comfort and...
  • Study: Trump’s Obamacare Reforms Will Save Americans $450 Billion

    02/16/2019 12:22:52 PM PST · by re_tail20 · 30 replies
    Breitbart ^ | February 9, 2019 | Sean Moran
    A White House study released on Friday found that President Donald Trump’s Obamacare reforms will save Americans roughly $450 billion over the next ten years. A White House Council of Economic Advisers (CEA) study released on Friday found that Americans will save $450 billion through Trump’s Obamacare reforms. The CEA suggested that Trump’s repeal of the Obamacare individual mandate and the expansion of short-term insurance plans and Association Health Plans (AHPs) will save Americans billions over the next ten years. The White House also suggested that the benefits of Trump’s deregulatory actions saved Americans billions, increased access to more health...
  • Background Checks Are...Wrong

    02/16/2019 10:53:24 AM PST · by rktman · 35 replies ^ | 2/16/2019 | alan korwin
    If you’re terrified of guns, or if you want all power to collect and reside in the hands of “the authorities,” then background checks are not the wrong thing. Background checks are a tool for control over the population. But they don’t control crime. They don’t even address crime. Democrats know this, or should. These checks are something the organizers of this free country could not even imagine, much less sanction. Your acquisition of power (firearms) is supposed to stand totally apart from government reach. But that’s philosophical, too deep for many modern citizens. It’s hopelessly arcane for typical public...
  • Ocasio-Cortez Slams The 'Racial Injustice' Of The Cannabis Business As White Men Profit

    02/16/2019 10:51:18 AM PST · by Mariner · 155 replies
    Huffpost iva Yahoo ^ | February 16th, 2019 | Mary Papenfuss
    Rep. Alexandria Ocasio-Cortez (D-N.Y.) earned praise from “drug justice” advocates after criticizing a growing marijuana legalization and business model that is paving the way for white male investors to reap major profits after minorities spent decades in prisons for selling pot. She made her comments during a House Financial Services subcommittee hearing this week on banking services for the burgeoning cannabis industry as more states legalize the sale and use of marijuana. She suggested the growing industry was “compounding the racial wealth gap” by allowing wealthy white-dominated companies to gain a quick advantage in the industry. She complained that communities...
  • China requires Everest climbers to carry their waste out with them

    02/16/2019 9:54:10 AM PST · by rktman · 47 replies ^ | 2/16/2019 | Mandy Zuo
    Littering on Everest is a significant issue, both on the base camps and higher up the mountain itself. In recent years both Nepal and China have implemented measures to try to force climbers to bring their waste down with them, and not leave it on the mountain. Nepal in 2014 began charging a $4,000 garbage deposit that would be forfeited if climbers fail to return with their trash. The government of the Tibet Autonomous Region statement announcing the closure called for further action to protect Mount Everest, saying that workers had collected some 9 tons of trash from above 17,000...