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Business/Economy (News/Activism)

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  • Senate Republicans call on Trump to re-engage on TPP

    02/21/2018 2:55:42 PM PST · by seacapn · 21 replies
    The Hill ^ | 02/21/18 11:22 AM EST | Vicki Needham
    More than two dozen Senate Republicans are urging President Trump to re-engage in Trans-Pacific Partnership (TPP) negotiations. The 25 GOP lawmakers sent a letter to Trump on Friday saying they support his recent comments that he may consider U.S. participation if the 11-nation Asia-Pacific pact is improved.
  • Physicians decry consequences of consolidation

    02/21/2018 12:51:22 PM PST · by spintreebob · 9 replies
    Modern Healthcare ^ | 2-20-2018 | Alex Kacik
    Consolidation throughout the healthcare industry is increasing costs and driving more care through hospitals, the Physicians Advocacy Institute warned in a letter to Congress. Healthcare organizations have been joining forces to try to get ahead of the industry's shifting landscape. The number of physicians employed by hospitals and health systems grew by nearly 50% from 2012 to 2015, with a corresponding decline in the number of independently practicing physicians, according to the letter—supported with research from consultancy Avalere Health—sent to the House Energy & Commerce Committee's oversight and investigations subcommittee. The decline of the independent medical practice and lack of...
  • EHRs do not lower administrative billing costs, study finds

    02/21/2018 12:43:37 PM PST · by spintreebob · 16 replies
    Modern Healthcare ^ | 2-20-2018 | Rachel Z. Arndt
    Electronic health records were supposed to lower administrative costs, but they may not be getting the job done, according to a new study published this week in JAMA. Administrative costs made up as much as a quarter of professional revenue for some patient encounters, according to the study, which focused on a single academic medical center. Researchers attribute much of the high cost to varying contracts between the hospital and health plans and payer as well as varying price schedules. "After investing more than $30 billion in health IT, we haven't improved the administrative efficiency," said Dr. Kevin Schulman, one...
  • $20 trillion Bitcoin grab in cryptocurrency exchange glitch(Japan)

    02/21/2018 12:41:22 PM PST · by dynachrome · 25 replies
    ASAHI SHIMBUN ^ | 2-21-18 | ASAHI SHIMBUN
    A system glitch at a cryptocurrency exchange site run by an Osaka-based firm enabled users to obtain digital money for free, with one apparently “purchasing” Bitcoin valued at 2,200 trillion yen ($20 trillion) and then attempting to cash in on it. Tech Bureau Corp., a registered cryptocurrency exchange operator, is now subject to a Financial Services Agency investigation into the safety of the system and other business practices. The company announced Feb. 20 that the incident on its Zaif exchange website occurred four days earlier, when seven users obtained quantities of cryptocurrencies. Tech Bureau later invalidated the transactions and corrected...
  • The trouble with tariffs

    02/21/2018 11:47:25 AM PST · by TBP · 34 replies
    Washington Times ^ | Monday, February 19, 2018 | Ed Feulner
    The stronger economy we’re enjoying now is no accident. Lower taxes, more jobs and fewer regulations are creating a much-needed boost. So why do we still have one foot on the brake? I’m referring to trade. Protectionist measures act as a drag on our progress. Indeed, they threaten to undo much of it. Consider the tariffs and quotas that the Trump administration recently slapped on imports of solar cells and modules, large residential washers, and washer parts. The price? As researcher Tori Whiting notes in a Daily Signal article, we get fewer jobs (roughly 23,000 American jobs this year, according...
  • Democrats Don't Have a Messaging Problem on Tax Reform. They Have a Reality Problem.

    02/21/2018 10:54:06 AM PST · by jazusamo · 15 replies
    Townhall.com ^ | February 21, 2018 | Guy Benson
    This is about as clean a political win as you're going to see these days, so Republicans are absolutely right to be pressing their advantage. They've earned it. They withstood weeks of withering and punishing demagoguery from Democrats and much of the press -- which also happened to be highly inaccurate and laughably hyperbolic -- and ultimately stuck together to pass a controversial and unpopular bill. The legislation would hurt the middle class and bring about the apocalypse, Democrats argued. Republicans countered that their plan would actually benefit the vast majority of American taxpayers and help US businesses. The...
  • Extending ‘bridge to nowhere’ still on track for next year

    02/21/2018 10:06:04 AM PST · by Tolerance Sucks Rocks · 17 replies
    The Bluefield Daily Telegraph ^ | January 28, 2018 | Charlie Boothe
    BLUEFIELD — Extending the King Coal Highway’s “bridge to nowhere” in Bluefield to the Airport Road area is still on track for next year. Del. Marty Gearheart, R-Mercer County, said the project remains on the Department of Highways six-year plan for a 2019 start. “Dirt should be moved next spring (2019),” he said. “It will be built when it is supposed to. It’s been part of the six-year plan and was not scheduled until next spring.” The bridge, which connects to Rt. 460 and then to Interstate 77, was finished almost 10 years ago but funding for the highway has...
  • NASA's $1 Billion Mobile Launcher Leans a Little

    02/21/2018 10:03:25 AM PST · by Red Badger · 69 replies
    www.popularmechanics.com ^ | Feb 21, 2018 | By Avery Thompson
    NASA's latest tower for launching rockets has a little bit of a lean, which means it may be able to launch just a single rocket. The cost of this tower boondoggle? Almost $1 billion. The tower in question is the Mobile Launcher designed for NASA’s upcoming Space Launch System, which would become the world’s most powerful rocket once completed in a few years. The tower is supposed to keep the rocket stable and upright on the platform during a launch. The system was built for NASA’s now-defunct Ares I rocket and later repurposed for the SLS. The Mobile Launcher is...
  • Massive Overnight Twitter Purge Outrages Conservatives

    02/21/2018 9:25:01 AM PST · by AU72 · 207 replies
    PJ Media ^ | February 21, 2018 | Megan Fox
    Overnight Twitter exploded with rage, sending #TwitterLockOut to the top of the trending list. People like Ben Garrison, the famous cartoon artist, are reporting they have lost thousands of followers in an instant and more are dropping out by the minute. It appears that only conservative accounts are included in the follower purge. #TwitterLockout - just saw 2k followers go poof~ What's up Twitter? — BenGarrison Cartoons (@GrrrGraphics) February 21, 2018 RED ALERT! Twitter is Banning Hundreds of THOUSANDS of Conservative Accounts Tonight.. I literally just lost 5,000 Followers within the last 10 minutes. All hands on Deck America, #TwitterLockOut...
  • It’s highway robbery: How this environmental group is stealing a road SC needs

    02/21/2018 8:12:46 AM PST · by Tolerance Sucks Rocks · 12 replies
    The State ^ | February 15, 2018 | Tom Rice
    Columbia, SC Once again, a group of obstructionists who like to call themselves environmentalists is trying to steal opportunities away from South Carolina. The Coastal Conservation League and Southern Environmental Law Center filed a suit in federal court a week before Christmas to halt the construction of Interstate 73, highlighting their continued disregard for the public good. These groups say the environmental impact of I-73 is too high. This couldn’t be further from the truth. The federal government requires that any new highway be constructed along the least environmentally impactful route. Fifteen state and federal agencies have spent 16 years...
  • Interstate 73 may benefit from Trump's infrastructure plan

    02/21/2018 7:54:50 AM PST · by Tolerance Sucks Rocks · 10 replies
    WBTW News 13 ^ | February 13, 2018 | Chris Spiker
    MYRTLE BEACH, SC (WBTW) - The South Carolina leg of a proposed interstate that would end on the Grand Strand may benefit from President Trump's infrastructure plan. Some leaders say Interstate 73 construction could be approved sooner, but paying for the highway could change. The president's plan says the federal government would pay for 20 percent of a project, with more costs shifted towards local governments, the private sector and people. That means if I-73 is built, it will likely include tolls. "I think the odds for I-73 are looking better and better," says Brad Dean, president and CEO of...
  • Did Amazon employees just tip the company’s hand on HQ2?

    02/21/2018 6:35:38 AM PST · by Red Badger · 24 replies
    www.curbed.com ^ | Feb 20, 2018, 5:49pm EST | By Jeff Andrews
    Clicks on an Arlington, Virginia, website are originating from an internal Amazon site While the world waits with bated breath for Amazon to announce which of its 20 “finalist” cities will be awarded the pleasure of trading its tax base to Jeff Bezos in exchange for the company’s much-ballyhooed second headquarters, a small local news website may have found the answer in its Google Analytics data. ARLnow.com, which serves Arlington, Virginia, found an unusual amount of traffic to a December story about Arlington County winning an award for its environmentally friendly policies. After doing some digging, the site says the...
  • NY Touts Economic Boom with South African Photo

    02/20/2018 6:20:50 PM PST · by Behind Liberal Lines · 14 replies
    © 1999-2018 Charter Communications ^ | February 20, 2018 @7:37 PM
    A New York economic development agency report meant to show the state's growth was illustrated with an 8-year-old photo showing construction cranes in South Africa.... The photo, showing seven towering heavy-lift cranes being used to build a stadium in Cape Town for the 2010 soccer World Cup, is a cropped version of one owned by Getty Images, available for licensing on its website for up to $575.... The gaffe comes as Gov. Andrew Cuomo's economic development programs face questions over their effectiveness. Cuomo, a Democrat, said the programs have brought hundreds of thousands of jobs to the state. Critics, though,...
  • California’s Tough Gun Laws Make Trafficking Illegal Firearms A Lucrative Business, Ex-Smuggler Says

    02/20/2018 5:15:13 PM PST · by nickcarraway · 16 replies
    NBC Bay Area ^ | Feb 19, 2018 | Stephen Stock and Jeremy Carroll
    Despite some of the toughest gun laws in the country, a former gun smuggler tells NBC Bay Area that illegal firearms will continue to flow into the state as long as guns can be purchased with relative ease in other parts of the country. In fact, the wide disparity in regulations creates a lucrative market for those willing to risk running guns from one state to another, he said. “I was out in a different state, and I just saw how easy it was for people from that state to just get a gun,” he said. The former gun trafficker...
  • Amazon Employees Are Very Interested in a Particular Article About Arlington(Virginia)

    02/20/2018 2:44:18 PM PST · by dynachrome · 15 replies
    ARLnow.com ^ | 2-20-18 | ARLnow
    So from where is all this newfound interest in Arlington County’s sustainability bonafides coming? From Amazon.com, it seems. The vast majority of the traffic to the page over the past week that can be tracked came from what appears to be an internal Amazon.com page devoted to its HQ2 search. Arlington, of course, is in the running as one of the potential landing spots for the company’s second headquarters.No other page on ARLnow.com has a similar level of traffic coming from Amazon. Last week a noted NYU professor who has written about the company opined that New York City and...
  • JP Morgan slashes GDP estimate to 2.5% after 'hotter than Hades' inflation report

    02/20/2018 1:18:04 PM PST · by SeekAndFind · 14 replies
    CNBC ^ | 02/20/2018 | Thomas Franck
    J.P. Morgan slashed expectations for U.S. economic growth in the first quarter thanks to Wednesday's "hotter than Hades" inflation reading and "ugly" retail sales numbers. The bank's chief U.S. economist explained that the Labor Department's "scorching" core consumer price index measure likely means an emboldened Federal Reserve. "While it is still early going, we are taking down our outlook for first-quarter gross domestic product from 3.0 percent to 2.5 percent," wrote economist Michael Feroli. "Today's inflation reading should probably cement in place the Fed's intent to hike rates at the March FOMC meeting." The economist added that core CPI posted...
  • EU ignites Trump WAR: Brussels slaps trade sanctions on Harleys and Jack Daniels

    02/20/2018 12:39:59 PM PST · by Mariner · 51 replies
    Daily Express (UK) ^ | February 20th, 2018 | By Simon Osborne
    BRUSSELS is gearing up for a bitter trade war with US and has pledged to fight fire with fire if Washington carries out its threat to introduce import barriers to steel and aluminium products from Europe. European Union trade officials have warned such a move would result in counter-tarrifs being slapped on exports from the US within days. They said iconic US products ranging from Harley-Davidson motorcycles to Jack Daniels whiskey would be targeted in any retaliatory strikes and that preparations for such a confrontation were in full swing.
  • Billionaire Bill Gates Says He Should Pay 'Significantly higher' Taxes

    02/20/2018 12:10:00 PM PST · by nickcarraway · 140 replies
    CNN ^ | Sun February 18, 2018
    Microsoft founder and billionaire Bill Gates says he should pay more in taxes and that the government should require other superwealthy people like him to contribute "significantly higher" amounts. "I need to pay higher taxes," Gates, who is worth over $90 billion, said in an interview with CNN's Fareed Zakaria on Sunday. "I've paid more taxes, over $10 billion, than anyone else, but the government should require the people in my position to pay significantly higher taxes," he said. Gates, the second richest man in the world after Amazon's Jeff Bezos, didn't mince his words when it came to the...
  • Justin from Canada

    02/20/2018 11:10:29 AM PST · by Timocrat · 7 replies
    The Conservative Tree House ^ | 2/20/2018 | Sundance
    The basic issue is a simple one; for the U.S. NAFTA has a fatal flaw. Canada and Mexico are used by China and Asian nations as a way to work-around direct trade with the U.S. and use NAFTA as a backdoor into the U.S. market. It works out great for Canada and Mexico, but terrible for the U.S. We always knew there was a generally good trade strategy visible from POTUS Trump, but it needs to be said that NO-ONE realized just how well thought out it really is. Now I know what this guy does instead of sleeping… he...
  • The Awful Republican Budget Is a Reminder That Federal Revenues Are Way Too High

    02/20/2018 9:05:48 AM PST · by SeekAndFind · 7 replies
    Forbes ^ | 02/20/2018 | John Tamny
    Eager to meet its target of 80,000 new soldiers without compromising quality, last fall the U.S. Army expanded its signing-bonus pool by hundreds of millions. Time will tell if the Army succeeds in its endeavor, but that’s arguably not the point. The point of the story is to remind readers that governments don’t tax and borrow dollars in order to stare lovingly at the money. Just as we civilians seek “money” for what it can be exchanged for, so do governments. The money they spend is an explicit sign of how much control they have over the economy. The more...