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Business/Economy (News/Activism)

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  • Levi Strauss & Co. To Donate $1 Million+ To Anti-Gun Groups

    10/17/2018 3:30:07 PM PDT · by rktman · 57 replies
    cnsnews.com ^ | 10/17/2018 | Michael W. Chapman
    The president and CEO of Levi Strauss & Co., Chip Bergh, has announced that the iconic company, "a pioneer of the American West," will donate more than $1 million to gun-control groups to help end "America's gun violence epidemic," a step the NRA denounced as a "particularly sad episode in the current surge in corporate virtue-signaling." In his announcement, through a commentary in Fortune magazine, CEO Bergh stated that Levi's is "known the world over as a pioneer of the American West and one of the great symbols of American freedom." Nonetheless, "as business leaders with power in the public...
  • Mandating Women on Boards: Evidence from the United States (California)

    10/17/2018 12:08:01 PM PDT · by reaganaut1 · 15 replies
    Social Science Research Network ^ | October 17, 2018 | Sunwoo Hwang, Anil Shivdasani, and Elena Simintzi
    Abstract: On September 30, 2018, California became the first US state to mandate women directors on corporate boards. The passage of this law resulted in a significant decline in shareholder value for firms headquartered in California. The decline in shareholder value is directly related to the number of female directors that firms are required to add to the board. We argue that supply-side constraints contribute to the costs imposed by the mandate. The expected costs of additional female directors are higher for firms that face a more limited director pool and for those with weak corporate governance. Our findings indicate...
  • Elizabeth Warren goes to bat for Toys R Us workers

    10/17/2018 11:37:04 AM PDT · by Oldeconomybuyer · 54 replies
    CBS "News" ^ | October 17, 2018 | By KATE GIBSON
    Tens of thousands workers laid off when Toys R Us went bust last year have a politically powerful new ally in their fight to win severance from the bankrupt retailer: Sen. Elizabeth Warren. The Massachusetts Democrat, who is rumored to be weighing a run for the White House in 2020, is pressing the financial firms behind the decision to liquidate Toys R Us to contribute to a fund for affected employees. "The liquidation of Toys R Us -- reportedly at the urging of your firm -- caused more than 30,000 American workers to lose their jobs without the severance they...
  • Crimea has a solution for its poor economy: Tourism by Syrians

    10/17/2018 11:18:48 AM PDT · by CondoleezzaProtege · 2 replies
    Washington Post ^ | Oct 16, 2018 | Anna Ferris-Rotman
    MOSCOW — It would be one of the world’s more unusual direct flights. But bringing Syrian soldiers and civilians to a Black Sea resort is exactly what was on offer Tuesday, when a delegation from Crimea visited Damascus, the Syrian capital. “We understand that restrictions related to trade, money transfers and tourism are similar to what we have in Crimea,” said Prime Minister Sergei Aksyonov, Russia’s top official there. Both Syria and Crimea, which Russia annexed from Ukraine four years ago, have been hit by Western sanctions, and their economies are struggling. “We should turn our minuses into our advantages,”...
  • How the candidates for governor would fix the traffic mess (Connecticut)

    10/17/2018 10:51:47 AM PDT · by Tolerance Sucks Rocks · 9 replies
    The Connecticut Post ^ | October 13, 2018 | Bill Cummings
    More than 300 bridges in Connecticut — carrying 4.3 million vehicles daily — are considered structurally deficient. Highways in the Bridgeport-Stamford area are so congested motorists waste 49 hours a year in bumper-to-bumper traffic. And 62 percent of Connecticut’s major roads are in such poor condition they cost motorists $681 annually in vehicle repairs, according to TRIP, a national transportation think tank. Given those challenges, the three men seeking to replace Gov. Dannel P. Malloy could be making transportation the centerpiece of their campaigns. But instead, these candidates for governor are offering mostly modest plans to fix the state’s infrastructure...
  • Trump says each Cabinet secretary should slash 5% of their budgets after he pledges to cut spending

    10/17/2018 10:14:32 AM PDT · by BenLurkin · 43 replies
    "We're going to be asking for a 5 percent cut from every secretary today," Trump told reporters at the White House in advance of a meeting with those secretaries. The proposal comes days after the Trump administration announced a $779 billion budget deficit for fiscal year 2018 — a six-year high and a 17 percent jump from the prior period. "He's asking them to cut the fraud, the waste, the abuse," White House senior advisor Kellyanne Conway said on Fox Business News. "Cut the fat, not the essentials." Trump had said in an earlier interview on the network that "We're...
  • US CO2 Emissions Plummet Under Trump While The Rest Of The World Emits More

    10/17/2018 10:03:48 AM PDT · by rktman · 19 replies
    dailycaller.com ^ | 10/17/2018 | Michael Bastich
    U.S. greenhouse gas emissions fell 2.7 percent from 2016 levels, according to the EPA. Emissions on a per-capita basis hit a 67-year low last year, federal data shows, and supporters are touting EPA’s data as proof Trump’s agenda is working. EPA’s new data comes on news that, globally, greenhouse gas emissions are set to rise to historic highs by the end of the year, despite nearly 200 countries signing the Paris climate accord.
  • Supreme Court agrees to hear a case that could determie (if) social media companies can censor users

    10/17/2018 9:52:58 AM PDT · by TigerClaws · 44 replies
    he Supreme Court has agreed to hear a case that could determine whether users can challenge social media companies on free speech grounds. The case, Manhattan Community Access Corp. v. Halleck, No. 17-702, centers on whether a private operator of a public access television network is considered a state actor, which can be sued for First Amendment violations. The case could have broader implications for social media and other media outlets. In particular, a broad ruling from the high court could open the country's largest technology companies up to First Amendment lawsuits. That could shape the ability of companies like...
  • Treasury employee accused of leaking documents to reporter

    10/17/2018 9:48:49 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Oct. 17, 2018 12:27 PM EDT | Michael Balsamo
    A Treasury Department employee has been charged with leaking confidential banking reports of suspects charged in special counsel Robert Mueller’s investigation. Federal prosecutors say Natalie Mayflower Sours Edwards is set to appear in court Wednesday in Virginia. The 40-year-old Edwards is a senior official at the department’s Financial Crimes Enforcement Network. She’s accused of leaking the material to a journalist — who’s not named in court papers. Prosecutors say reports on Paul Manafort, Richard Gates and Maria Butina were among those leaked. …
  • Poll: Maryland voters narrowly oppose Hogan’s big plan for express toll lanes

    10/17/2018 7:42:33 AM PDT · by Tolerance Sucks Rocks · 36 replies
    The Washington Post ^ | October 12, 2018 | Robert McCartney and Emily Guskin
    Maryland voters narrowly oppose adding express toll lanes to widen three of the state’s most congested highways, a Washington Post-University of Maryland poll finds, highlighting public skepticism about one of Gov. Larry Hogan’s signature transportation plans. The centerpiece of the Republican governor’s proposal — a $9 billion project to add four lanes apiece to the Capital Beltway, Interstate 270 and the Baltimore-Washington Parkway — is even opposed by voters in the Washington suburbs, whom the plan is supposed to help. More than half of voters in the D.C. suburbs prefer to invest in public transit rather than building more roads....
  • VIEW FROM AROUND THE STATE: Time to get real about roads and revenue

    10/17/2018 6:52:53 AM PDT · by Tolerance Sucks Rocks · 12 replies
    The Daily Reporter ^ | October 16, 2018 | The Associated Press
    f you want good roads, you have to pay for them. It’s not just the politicians in Madison and Washington, D.C., who have failed to learn that lesson. It’s the people of Wisconsin, too.
  • EXCLUSIVE: 'Life after Google: 10 Laws of the Cryptocosm'

    10/16/2018 6:46:22 PM PDT · by george76 · 25 replies
    Townhall ^ | Jul 17, 2018 | George Gilder
    Google’s security foibles, its “aggregate and advertise” model, its avoidance of price signals, its silos of customer data, and its visions of machine mind are unlikely to survive the root-and-branch revolution of distributed peer-to-peer technology, which I call the “cryptocosm.” Today, all around us, scores of thousands of engineers and entrepreneurs are contriving a new system of the world that transcends the limits and illusions of the Google realm. In the Google era, the prime rule of the Internet is “Communications first.” That means everything is free to be copied, moved, and mutated. While most of us welcome “free” on...
  • U.S. Is World’s Most Competitive Economy for First Time in a Decade

    10/16/2018 4:11:18 PM PDT · by mandaladon · 36 replies
    WSJ ^ | 16 Oct 2018 | Joanna Sugden
    The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues. America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries’ scores rose from 2017, with the U.S. notching the second-biggest gain after Japan’s. The top spot hasn’t gone to the U.S. since the financial crisis stalled output and triggered a...
  • Alec Baldwin: "We Need To Overthrow The Government Of The United States Under Donald Trump"

    10/16/2018 3:05:27 PM PDT · by yoe · 65 replies
    Real Clear Politics ^ | October 15, 2018 | Ian Schwartz
    Actor Alec Baldwin says voters should see the November 6th midterm elections as an opportunity to peacefully "overthrow the government under Donald Trump." Baldwin spoke at a Democratic Party fundraising dinner in New Hampshire.[snip] "The way we implement change in America is through elections," Baldwin said at the Eleanor Roosevelt Dinner Sunday night. "In that orderly way, we need to overthrow the government of the United States under Donald Trump. Not in a violent, awful way, but it must be overthrown nonetheless. Let’s make America great again, by making Donald Trump a casino operator again."
  • 200 Dead In Nigeria Oil Pipeline Blast

    10/16/2018 2:45:37 PM PDT · by dynachrome · 13 replies
    oilprice.com ^ | 10-16-18 | Irina Slav
    The number of casualties after an oil product pipeline explosion in Nigeria has reached 200, local media report, as people from local communities have gathered to protest the negligence of the Nigerian national Petroleum Corporation, which, they said, was the reason for the explosion. The pipeline exploded after it caught fire near the Aba Depot last week. NNPC at the time blamed the explosion on oil theft, which is still rampant in the Niger Delta despite many attempts by the government to put an end to the dangerous practice. The cause of the fire, the company said, could have been...
  • Rats The Size Of Cats?? NYCHA Tenants Have Video To Prove It

    10/16/2018 1:44:50 PM PDT · by Red Badger · 81 replies
    newyork.cbslocal.com ^ | October 15, 2018 at 6:19 pm | Staff
    NEW YORK (CBSNewYork) — Furious tenants of a public housing project in the Bronx were pleading for help Monday, saying their buildings are overrun with rats — and they’re not kidding. They have the video to prove it. But we should warn you, the pictures are not for the squeamish. “I’m traumatized,” tenant Veronica Martinez told CBS2’s Marcia Kramer. You’d be traumatized, too, if you had the same kitchen as Martinez. Rats. An entire family of rats, some as big as cats, have taken over, hopping in the sink, into pots and pans. It’s absolutely gut wrenching. “I should never...
  • Stock market wants a Republican wave...(Libs getting nervous)

    10/16/2018 1:13:11 PM PDT · by pacificus · 18 replies
    control of Congress With the odds for a blue wave fading, the market is pricing in a split Congress after the mid-term election, and strategists expect stocks to rally no matter the outcome. However, on the outside chance Republicans sweep, the market could actually do better in the year after the election. For the bond market, strategists see slightly higher rates if Republicans win both houses because of the prospect of more tax cuts and more U.S. debt
  • Will Carlos Gimenez’s construction firm ties taint the FIU bridge collapse criminal probe?

    10/16/2018 1:04:35 PM PDT · by Tolerance Sucks Rocks · 5 replies
    Florida Politics ^ | September 27, 2018 | Peter Schorsch
    Last week, federal authorities fined Munilla Construction Management $25,868 for “serious” safety violations in its role as the contractor on the Florida International University bridge that collapsed in March, killing six people. The morning after the collapse, Juan Perez, director of the Miami-Dade Police Department, said the department’s homicide squad would explore criminal charges for contractors such as MCM. “We’ve got to look at the reality that there may be some negligence down the line,” Perez said. Perez answers to Miami-Dade Mayor Carlos Gimenez, who appointed him director in January 2016. Miami-Dade is the only county in Florida where the...
  • U.S. Job openings hit record high of 7.14 Million

    10/16/2018 9:12:26 AM PDT · by SeekAndFind · 7 replies
    Reuters ^ | 10/16/2018
    U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers. The Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, report on Tuesday that there were 7.14 million unfilled positions in the economy in August. That was the highest level since the series started in 2000 and compared to 7.08 million vacancies in July. The job openings rate also rose to an all-time high of 4.6 percent from 4.5 percent in July. Hiring increased to a record high...
  • US employers post record number of open jobs in August

    10/16/2018 9:00:16 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Oct. 16, 2018 10:43 AM EDT | Christopher Rugaber
    U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth. Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department said Tuesday. That is also far more than the 6.2 million of people who were unemployed that month. The number of available jobs has swamped the number of unemployed for five straight months. Hiring has been solid, which has pushed down the unemployment rate to a nearly...