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Business/Economy (News/Activism)

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  • Xi risks losing face in a trade war with Trump

    08/19/2018 11:30:26 AM PDT · by Eddie01 · 22 replies
    nikkei ^ | July 09, 2018 | Minxin Pei
    Minxin Pei With the imposition of 25% tariffs on $68 billion worth of their merchandise trade ($34 billion of exports each), the U.S. and China have fired the first salvos of their trade war. If one were to borrow a military analogy, the first round of the U.S.-China trade war is either a skirmish or a probing attack, as the amount of the two-way merchandise trade affected by the tariffs is about only 10% of the total U.S.-China trade. But everyone knows that the main battle will be joined soon. Besides the additional $32 billion merchandise trade targeted for punitive...
  • Louisiana AG: We’re Not Going to Let Corporations Restrict ‘Ability to Legally Access Firearms

    08/19/2018 10:49:23 AM PDT · by rktman · 9 replies
    breitbart.com ^ | 8/18/2018 | AWR Hawkins
    During the August 18, 2018, airing of Breitbart News Saturday, Louisiana Attorney General Jeff Landry explained that he chose, in part, to withhold $600 million from Citigroup and Bank of America because they are “trying to become the social police.” On August 16, 2018, Breitbart News reported Landry’s decision to withhold the $600 million, a decision shared by the Louisiana Bond Commission and State Treasurer John Schroder. The decision to withhold the money came after Citigroup and Bank of America each unilaterally placed gun control demands on their customers, going so far as to stipulate that bank-sponsored gun regulations had...
  • Why San Francisco is joining Valley farmers in a fight over precious California water

    08/19/2018 10:03:58 AM PDT · by Mariner · 16 replies
    The Sacramento Bee ^ | August 19th, 2018 | By Dale Kasler And Ryan Sabalow
    MODESTO - Originating in a glacier at the eastern edge of Yosemite, the Tuolumne River runs into a man-made roadblock in the towering granite cliffs of the Hetch Hetchy Valley. A massive concrete dam captures its icy water and ships much of it through pipes and tunnels to the residents of San Francisco. Further downstream, the Tuolumne is halted again, this time by a dam in the oak-covered Sierra foothills. From there, a network of canals spreads the Tuolumne’s waters over mile after mile of rich San Joaquin Valley vineyards, orchards and dairy farms. The meager amounts left in the...
  • IS TRUMP WINNING AGAIN?

    08/18/2018 6:37:17 PM PDT · by Hojczyk · 19 replies
    Powerline ^ | August 18,2018 | STEVEN HAYWARD
    Back in June Paul and I both noted the view of economist Irwin Stelzer, who is no fan of Trump, that Trump might in fact win a trade war with China, because Trump has the better poker hand. And I concluded, “File this one away for further reference.” Well lookie here, on the front page of the Wall Street Journal today: U.S., China Plot Road Map to Resolve Trade Dispute by November Chinese and U.S. negotiators are mapping out talks to try to end their trade standoff ahead of planned meetings between President Trump and Chinese leader Xi Jinping at...
  • Despite What Chelsea Clinton Says, Abortion Hurts The Economy

    08/18/2018 5:19:54 PM PDT · by SeekAndFind · 37 replies
    The Federalist ^ | 08/18/2018 | Juliana Knot
    Chelsea Clinton claimed that legalizing abortion has helped add an additional $3.5 trillion to the American economy on Saturday. At a #RiseUpforRoe event in New York, Clinton and other pro-choice women rallied against Brett Kavanaugh’s confirmation to the Supreme Court.The #RiseUpforRoe movement, which is sponsored by NARAL and Planned Parenthood’s PAC, started promptly after President Trump announced his decision to nominate Kavanaugh to the Supreme Court. Their Twitter bio reads, “It’s time to get maximum hysterical,” and they claim that “The right to a safe, accessible and legal abortion has never been at greater risk since Roe was decided.”Although...
  • Debunking Socialist Myths: 90 Percent Of Scandinavia’s Wealth Is Privately Owned

    08/18/2018 5:17:13 PM PDT · by SeekAndFind · 14 replies
    The Federalist ^ | 08/18/2018 | By Giancarlo Sopo
    By Giancarlo SopoAugust 17, 2018 I woke up early one recent morning, scanned the news, and stumbled upon a tweet praising an “informative and fun podcast episode” that promised to set the record straight on Scandinavian socialism. Having read a decent amount about the Nordic model, I was curious to see what kind of wisdom Matt and Elizabeth “Liz” Bruenig, of the People’s Policy Project and Washington Post, respectively, had in store.After a light-hearted intro, Liz began with “Norway is not socialist?” alluding to a recent Forbes article that contradicted claims that Scandinavia is a socialist paradise. This prompted...
  • U.S. Steel to invest $750 million to revitalize flagship Gary plant in wake of Trump tariffs

    08/18/2018 1:11:54 PM PDT · by John W · 39 replies
    Chicago Tribune ^ | August 16, 2018 | Robert Chsnnick
    U.S. Steel announced Thursday that it is investing $750 million to revitalize its flagship Gary plant to gear up for increased demand in the wake of President Donald Trump’s tariffs on imported steel. The company said the investment will make “significant upgrades” to increase efficiencies at the 110-year-old Northwest Indiana plant, which is U.S. Steel’s largest, employing 3,800 workers.
  • Why Silicon Valley is Killing Free Speech

    08/18/2018 8:32:09 AM PDT · by Louis Foxwell · 34 replies
    FrontPageMag ^ | August 17, 2018 | Daniel Greenfield
    Why Silicon Valley is Killing Free Speech Control leads to censorship. August 17, 2018 Daniel Greenfield Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical left and Islamic terrorism In one survey, 75% of tech entrepreneurs voted for Hillary Clinton. 8.8% voted for Trump. 83% back higher taxes, 82% support gun control and another 82% are in favor of socialized medicine. Google, Microsoft, Apple and Amazon employees were 4 out of 5 of Bernie Sanders’ top donors. Cash from Google, Facebook, Amazon and Microsoft poured into the Clinton campaign....
  • HOW THE LEFT IS OUTSOURCING CENSORSHIP OF THE INTERNET

    08/18/2018 5:58:02 AM PDT · by SES1066 · 48 replies
    Powerline ^ | AUGUST 17, 2018 | John Hinderaker
    Unfortunately, most political conversation these days occurs not on the “free” internet, where independent sites like Power Line reside, but rather on social media–Facebook, Twitter, YouTube and so on. Other players include Google (in its search capacity), Apple, Pinterest, Spotify, etc. Happily–if you are a leftist–all of these tech companies are run by liberals. And because they are private companies, they are not constrained by the First Amendment. They can restrict or ban conservative communications on the ground that they are “hate speech,” or on no grounds whatsoever, with impunity.
  • ESPN president says network will not air national anthem on 'Monday Night Football'

    08/17/2018 3:27:31 PM PDT · by Hojczyk · 100 replies
    Fox News ^ | August 17,2018 | Ryan Gaydos, Kathleen Joyce |
    BRISTOL, CONN. – ESPN will not show the national anthem during "Monday Night Football" broadcasts this year, the company's president said on Friday Pitaro was asked by a reporter if he spoke to the NFL about the rule changes and the national anthem and if he would consider “turning the cameras on an athlete that’s kneeling for the anthem.” "We generally have not broadcasted the anthem and I don't think there’s going to be any change this year. Our plan going into this year is to not broadcast the anthem,” Pitaro said. “Again, there could be changes. It’s somewhat unpredictable...
  • 100 manufacturers have increased hiring, given bonuses or raises since TRUMP/GOP tax reform

    08/17/2018 3:01:27 PM PDT · by SleeperCatcher · 3 replies
    The National Sentinel ^ | 8/17/18 | USA Features
    Crumbs, not: If the financial growth we’re now seeing continues for an additional six-and-a-half years of POTUS Donald Trump and a more Trump-friendly GOP majority (yes, we believe he’s got 2020 in the bag), the United States will experience an economic renaissance the world has seldom seen. Thanks to the tax reform bill passed by Congress (opposed by every Democrat, by the way), American manufacturing is growing at a pace not seen in decades. Not only that, but companies are sharing their windfall — and no, they’re not handing out “crumbs,” as that out-of-touch multimillionaire Nancy Pelosi once said.
  • Shadow Ban: PragerU Reveals Immediate 99.9999% Drop in Facebook Reach

    08/17/2018 2:11:12 PM PDT · by Red Badger · 95 replies
    www.breitbart.com ^ | 17 Aug 2018 | Lucas Nolan
    Conservative non-profit group PragerU appears to be facing Facebook censorship, as many recent posts from group are suffering from a 99.9999 percent drop in engagement based on Facebook’s own dashboard. The Social Media Masters of the Universe also pulled down two PragerU videos, which it labeled “hate speech.” Echoing the apparent page limitation of conservative commentating duo Diamond and Silk, the conservative non-profit group PragerU — which produces educational videos on conservative issues — appears to have found its Facebook page’s reach drastically limited. The group’s Facebook page boasts three million followers, but its most recent posts have been seen...
  • Crow Tribal spokesman RIPS Left-wing coastal states for using EPA regs to deny his people prosperity

    08/17/2018 12:23:55 PM PDT · by SleeperCatcher · 28 replies
    The National Sentinel ^ | 8/17/18 | USA Features
    Cruel: A spokesman for a prominent Native American tribe is blasting uber-Left-wing politicians in deep blue coastal states for using onerous EPA regulations to deny his people the opportunity to coal, gas, and other forms of energy. The Daily Caller reports that officials in a small number of coastal states led by Washington are essentially denying Crow Tribal members the opportunity to earn a much better living. CJ Stewart, a Crow Tribal member and co-founder of the National Tribe Energy Association, told the Senate Committee on Environment and Public Works Thursday that his people are dependent on producing energy to...
  • U.S., China Draw Up Plan to Settle Trade Dispute by November

    08/17/2018 11:44:07 AM PDT · by SpeedyInTexas · 5 replies
    WSJ ^ | 08/17/2018 | Lingling Wei in Bejing and Bob Davis in Washington
    Chinese and U.S. negotiators are drawing up a road map for talks to end their trade impasse culminating with meetings between President Trump and Chinese leader Xi Jinping at multilateral summits in November, said officials in both nations. The planning represents an effort on both sides to keep a spiraling trade dispute—which already has involved billions of dollars in tariffs and comes with the threat of hundreds of billions more—from torpedoing the U.S.-China relationship and shaking global markets.
  • Most economic forecasts have a big blind spot: Climate change

    08/17/2018 11:25:48 AM PDT · by Oldeconomybuyer · 16 replies
    CNN Money ^ | August 17, 2018 | by Lydia DePillis
    Climate change is having a real impact, not just on the environment but on the economy too. And a growing body of research by economists and climate scientists shows that extreme weather will weigh on economic growth even more so in the future. But almost no mainstream economic forecasting model takes that into account, in an omission that some economists say could affect the accuracy of economic predictions going forward. The most recent study to quantify the economic impact of the carbon emissions that spur climate change was featured last week in a brief by the Federal Reserve Bank of...
  • Poll: Donald Trump’s Black Approval Rating Almost Double That of Last Year

    08/17/2018 10:16:53 AM PDT · by Red Badger · 24 replies
    www.breitbart.com ^ | 15 Aug 2018 | Ben Kew
    President Donald Trump’s approval among black voters has almost doubled in the space of a year, the latest presidential polling from Rasmussen Reports has found. According to Rasmussen’s Daily Presidential Tracking Poll, Trump’s approval rating among black voters stands at 36 percent, compared with just 19 percent on the same day last year. The significant rise in approval is likely to be an endorsement of Trump’s economic policies – that have seen record low unemployment among the African-American population – and the stock market rise to record highs. The data also suggests Trump is shrugging off accusations of racism from...
  • This is China’s most dangerous trade-war weapon

    08/17/2018 9:07:39 AM PDT · by Navy Patriot · 37 replies
    Yahoo Finance ^ | August 16, 2018 | Rick Newman
    The math works against China in its trade war with President Trump. Since China’s imports to the United States are about three times the amount of US exports to China, Trump has a much bigger basket of stuff he can tax with tariffs, his own favorite weapon. He knows this and has threatened tariffs on almost all of the $524 billion in annual Chinese imports to America. The United States only sends about $188 billion worth of stuff to China each year. So in terms of tariffs, China is more vulnerable simply because it’s such a huge exporter. But China...
  • Trump administration nearing deal with Mexico on revised NAFTA — but issues with Canada remain

    08/17/2018 7:05:59 AM PDT · by MaxistheBest · 10 replies
    The Virginia Pilot ^ | 08/16/2018 | Don Lee
    The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact. Reaching an agreement with Mexico would mark a breakthrough for the administration after a year of roller-coaster talks and tension with its longtime North American trading partners. President Trump has frequently threatened to withdraw from NAFTA, linked the renegotiations to his call for a wall along the U.S.-Mexican border and slapped tariffs on Mexican and Canadian steel to apply pressure to make...
  • Merkel, Putin share a headache: Donald Trump

    08/17/2018 3:18:54 AM PDT · by blueplum · 10 replies
    AP via MSN ^ | 17 Aug 2018 | AP staff
    FRANKFURT, Germany — German Chancellor Angela Merkel and Russia's President Vladimir Putin will have plenty to talk about when they meet Saturday — thanks in no small part to U.S. President Donald Trump, whose sanctions and criticisms over trade, energy and NATO have created new worries for both leaders. The two will meet at the German government's guest house outside Berlin and will give short statements beforehand but aren't planning a news conference, German officials have said. Government spokesman Steffen Seibert has said that topics will include the civil war in Syria, the conflict in Ukraine, and energy questions. Putin...
  • Swamped in Inflation, Venezuela Will Cut Five Zeros from Currency

    08/17/2018 1:56:12 AM PDT · by Ciaphas Cain · 48 replies
    New York Times via WRAL ^ | August 16, 2018 | Nicholas Casey
    MEDELLÍN, Colombia — Faced with nearly incomprehensible inflation — 32,714 percent as of Wednesday — Venezuelan officials thought they had a solution: They changed the color of the bank notes and increased their denomination. Then they said they would lop off three zeros. And when that didn’t seem enough, they announced they would cut off two more. The tactics have left Venezuelans like Yosmar Nowak, the owner of a coffee shop in Caracas, convinced that there is no solution in sight and that the government cannot even bring down the price of a cup of coffee, an eye-watering 2 million...