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Business/Economy (News/Activism)

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  • While everyone obsesses over Russia, China is stealing our data blind (Fox News)

    08/13/2018 7:50:47 PM PDT · by cba123 · 9 replies
    Fox News ^ | 8/13/2018 | Ned Ryun
    With all the focus on Russian hacking, Russian ambition, and Russian threats to U.S. national economic security, another Red Threat continues seemingly unabated: China’s ongoing effort to compete as a global economic power equal to, if not exceeding, the United States. China has the population and the economic ability to compete, and has made its ambitions crystal clear with its Made in China 2025 plans. (please see link, for full article)
  • Netflix CFO David Wells to step down

    08/13/2018 12:39:31 PM PDT · by bitt · 49 replies
    www.cnbc.com ^ | 8/13/2018 | STEVE KOVACH
    Netflix's CFO David Wells will step down. Wells will stay on the job until he finds a successor, the company says. Wells has been CFO since 2010. Netflix CFO David Wells to step down Netflix CFO David Wells to step down 5 Hours Ago | 02:07 Netflix Chief Financial Officer David Wells is stepping down. Wells, who has been CFO since 2010, will stay on the job until he can help choose a successor, the company announced Monday. Netflix's stock was down slightly in early trading. Wells said he intends to focus on philanthropy. Here's the full announcement from Netflix:
  • Army’s XM25 program officially goes kaput

    08/13/2018 12:23:56 PM PDT · by servo1969 · 38 replies
    Stars and Stripes ^ | 8-10-2018 | CHAD GARLAND
    The Army has formally terminated its effort to develop a 25 mm airburst weapon, the largest of nearly three dozen ways a Pentagon watchdog has said the military could save $2.3 billion in defense spending. The ill-fated weapon, known as the XM25 and nicknamed "The Punisher," was once hailed as a game-changer for ground troops who would be able to use it to target enemies hiding behind cover. But it came under closer scrutiny several years ago after schedule slippage, cost overruns and aborted operational testing in Afghanistan. In 2016, the Pentagon inspector general recommended that the Army consider ending...
  • [From 7/24/18] Stripe, PayPal, Patreon: The Right Is Being Banned from Online Fundraising

    08/13/2018 12:11:05 PM PDT · by markomalley · 17 replies
    Breitbart Tech ^ | 7/24/18 | Allum Bokhari
    The creeping exclusion of the right from online platforms like Twitter and Facebook is well-known, drawing the attention of Trump campaign manager Brad Parscale and the RNC. But a greater challenge is on the horizon: the exclusion of the right from financial services.Conservatives have long been the target of shadowbans, biased algorithms, and account bans on social media. Not content with silencing their voices online, the left now wants to stop the right from using the web to fundraise. Thanks to the increasing willingness of online fundraising platforms and payment processors to ban clients for political reasons, they are getting...
  • Trump's China moves begin to embolden some Asian Pacific Rim states

    08/13/2018 11:11:21 AM PDT · by SeekAndFind · 2 replies
    American Thinker ^ | 08/13/2018 | Monica Showalter
    President Trump's trade war with China is a multi-pronged thing, given how closely the east Asian states of the Pacific Rim are being affected. Those states are all U.S. allies, and the reason we project so much naval power in the Pacific. While we are seeing a lot of doom and gloom talk in the endless 'analyses' you always see in Pacific Rim affairs on the economic side of things, including China itself declaring there will be 'no winners' (typical for the nation that is facing disaster itself), along with some stories of Pacific Rim states getting ready to profit from...
  • The White House's next Iran fight

    08/13/2018 11:05:04 AM PDT · by be-baw · 6 replies
    Axios ^ | August 13, 2018 | Jonathan Swan
    On a White House conference call with Iran experts last week, a senior administration official said the Trump administration will reimpose sanctions on financial messaging services later this year. That might sound boring. But the administration official was referring to what could soon become another major fight between the Trump administration and Europe. Why this matters In the context of Iran sanctions, "financial messaging services" refers to SWIFT (Society for Worldwide Interbank Financial Telecommunication) — a linchpin of the global financial system that facilitates payments across borders and connects more than 11,000 banks around the world. SWIFT cut off Iran...
  • Chelsea Clinton: ‘Roe’ Helped Add ‘Three and a Half Trillion Dollars to Our Economy’

    08/13/2018 10:58:58 AM PDT · by rktman · 101 replies
    cnsnews.com ^ | 8/13/2018 | Craig Bannister
    bortion has been an important economic stimulus ever since it was legalized by the 1973 Roe v. Wade Supreme Court decision, Chelsea Clinton claimed at a "Rise Up for Roe" event on Saturday. At the event promoting opposition to President Donald Trump's Supreme Court nominee Brett Kavanaugh, the former First Daughter of President Bill Clinton credited legalized abortion for helping add trillions of dollars to the U.S economy because women who had abortions were more inclined to enter the labor force: "Whether you fundamentally care about reproductive rights and access right, because these are not the same thing, if you...
  • Capital Flight -- The Strategy Behind Trump's Sanctions

    08/13/2018 10:52:12 AM PDT · by SeekAndFind · 3 replies
    American Thinker ^ | 08/13/2018 | By Monty L. Donohew
    When there is war, conflict, or instability, vulnerable human beings flee, seeking refuge in safer countries. Everyone is familiar with the plight of refugees, and the challenges refugees create for surrounding nations. People need and deserve support, and it requires resources to meet this need. When there is war, conflict, or instability, vulnerable capital and wealth also flee. The "problem" of fleeing capital is different, however. Because capital and wealth are not as encumbered and physically restricted as are human beings, especially in the modern electronic age, capital moves far from the source of instability. Capital flight makes support of...
  • AP Exclusive: Google tracks your movements, like it or not

    08/13/2018 7:45:21 AM PDT · by SES1066 · 27 replies
    Associated Press / APNEWS ^ | 08/13/2018 | RYAN NAKASHIMA
    SAN FRANCISCO (AP) — Google wants to know where you go so badly that it records your movements even when you explicitly tell it not to. An Associated Press investigation found that many Google services on Android devices and iPhones store your location data even if you’ve used privacy settings that say they will prevent it from doing so. Computer-science researchers at Princeton confirmed these findings at the AP’s request.
  • Chicago’s Fiscal Storm: With bonds already rated junk, the city considers borrowing billions

    08/13/2018 7:38:43 AM PDT · by SeekAndFind · 43 replies
    City Journal ^ | 08/13/2018 | Steve Malanga
    When Chicago issued half a billion dollars in new bonds late last year, some investors balked, though the offering was designed to protect them by guaranteeing that they would be paid with tax revenues that Illinois sends to its biggest city. “It’s an untested model,” the research head at Gurtin, a municipal bond firm, said of the offering—Chicago’s first under a new state law. Ominously, he worried that if Chicago defaults, it was unclear how much protection holders of the new debt would really get. Even as Chicago grapples with nightmarish violent crime, the city faces imposing fiscal challenges. The...
  • The Jobs Report Is Validation of Trump's Economic Policies: Comparing Obama and Trump's Numbers

    08/13/2018 7:34:59 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 08/13/2018 | Louis Woodhill
    [SNIP] Let’s compare the jobs numbers for Trump’s first 19 months in office with those of Obama’s last 19 months in the White House: * Employment Ratio: +0.73 percentage points, more than twice Obama’s +0.35 * Labor Force Participation: +0.22 percentage point vs. Obama’s -0.16 * FTE jobs: +4.1 million vs. +3.3 million under Obama * Average weekly wages: +$40.55 vs. +$31.21 under Obama The reason that the labor market is finally tightening is that Trump’s tax and regulatory policies are bringing real GDP (RGDP) growth back to levels that are historically normal for the U.S. Despite the Great Depression,...
  • Why other countries are giving China a licence to print money [counterfeiting]

    08/13/2018 7:16:14 AM PDT · by Red Badger · 9 replies
    www.scmp.com ^ | UPDATED : Monday, 13 August, 2018, 12:46pm Comments: 71 | Stephen Chen
    Chinese state-owned firm winning contracts to print foreign currencies as country seeks to expand global reach and influence China is printing foreign currencies on a massive scale as Beijing seeks to increase its influence on the world economy and geopolitics. Multiple sources in the China Banknote Printing and Minting Corporation confirmed to the South China Morning Post last month that money production plants across the country were running at near full capacity to meet an unusually high quota set by the government this year. Most of the demand comes from participants in the “Belt and Road Initiative” and one source,...
  • Exclusive: Aretha Franklin, Queen of Soul, Gravely Ill in Detroit, Winner of 18 Grammy Awards

    08/13/2018 7:07:11 AM PDT · by Red Badger · 18 replies
    www.showbiz411.com ^ | August 12, 2018 7:28 pm | by Roger Friedman
    This is exclusive, and heart breaking for me and for the family and friends of the great Aretha Franklin. She is gravely ill in Detroit. The family is asking for prayers and privacy. Originally diagnosed with cancer in 2010, Aretha, who turned 76 in March, bravely battled back and refused to be knocked out by illness. Her last performance as on November 2, 2017 for the Elton John AIDS Foundation in New York. Her final public performance was at Philadelphia’s Mann Center in August 2017. It was a miraculous show as Aretha was already then fighting exhaustion and dehydration. Aretha...
  • India rupee hits SHOCK LOW as Bank of India undertakes emergency intervention

    08/13/2018 6:49:58 AM PDT · by robowombat · 11 replies
    Express ^ | PUBLISHED: 08:28, Mon, Aug 13, 2018
    India rupee hits SHOCK LOW as Bank of India undertakes emergency intervention The Indian rupee on Monday touched an all-time low of 69.62 per dollar in early trade, tracking broader weakness in other emerging market currencies on concerns of a spill-over from a crisis-hit Turkey. The Reserve Bank of India was seen intervening to stem a sharp fall in the rupee, two dealers said. “The RBI was there to curtail the volatility in early trade, but not in a big way,” said a senior dealer at a foreign bank. The rupee reversed marginally from its record lows to trade at...
  • THE Turkey lira meltdown is causing a global economic crisis

    08/13/2018 6:43:46 AM PDT · by robowombat · 23 replies
    Express ^ | 12:05, Mon, Aug 13, 2018 | | By ALAHNA KINDRED
    Euro sank 13-month low over Turkey's spiralling Lira currency The lira slipped below 7.0 to the US dollar and was down 12 percent on Friday’s value at one point this morning. The currency is collapsing after Donald Trump doubled import duties on steel and aluminium as part of fresh sanctions on the country. The euro had already plunged after the tariffs were imposed on Friday, with the currency dropping to a 13-moth low this morning. .... The euro slid as low as $1.1365 before recovering slightly today. The pound sterling opened at a 13-month low as the dollar continues to...
  • OIL PRICE CRISIS: Saudi Arabia CUTS OIL PRODUCTION as US oil prices drop

    08/13/2018 6:33:23 AM PDT · by robowombat · 19 replies
    Express ^ | PUBLISHED: 12:36, Mon, Aug 13, 2018 | JOEY MILLAR
    SAUDI Arabia has scaled back its rate of oil production just one month after the Organisation of the Petroleum Exporting Countries (OPEC) agreed to increase their output. OPEC member Saudi Arabia announced it had cut its oil output by an average of 200,000 barrels per day last month - a move designed to increase demand in an increasingly chaotic oil industry. The US is burying Iran under increasingly harsh sanctions with the aim of reducing their oil exports to nil, while Venezuela, another major oil-exporting country, has also seen its output drop due to economic instability. OPEC said in its...
  • Turkey’s Lira Currency Crumbles as Trump Turns the Screws After Erdogan Double-Cross

    08/13/2018 6:16:56 AM PDT · by Hojczyk · 24 replies
    Breitbart ^ | August 12,2018 | John J. Xenakis
    Trump met Erdogan at a Nato meeting early in June. Their discussions were very friendly, and after they ended, Trump thought they had made a deal: Trump would ask Israel’s prime minister Benjamin Netanyahu to release a Turkish citizen, Ebru Ozkan, arrested because of alleged terrorist links to Hamas, and then Turkey would release pastor Andrew Brunson, who was arrested in Turkey on October 2016 on charges of espionage, which the US considers are bogus charges. So on July 14, Trump called Netanyahu and requested that Ozkan be released, and she was released the next day. But Brunson was not...
  • Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump

    08/13/2018 6:16:03 AM PDT · by IBD editorial writer · 39 replies
    Investor's Business Daily ^ | IBD Editorial Board
    Growth: The stronger the economy gets under President Trump, the more desperate his critics are to hand credit over to Obama. Even if that entails changing the past. A recent New York Times story says it all: "An Economic Upturn Begun Under Obama Is Now Trump's To Tout." The article begins by admitting that "by nearly every standard measure, the American economy is doing well," then spends the next 1,400 words arguing that the current good times have nothing to do with Trump's economic agenda. The economy, reporter Patricia Cohen declares, "is following the upward trajectory begun under President Barack...
  • The Phony Numbers Behind California’s Solar Mandate

    08/13/2018 5:32:31 AM PDT · by reaganaut1 · 20 replies
    Wall Street Journal ^ | August 12, 2018 | Steven Sexton
    California’s energy regulators effectively cooked the books to justify their recent command that all homes built in the Golden State after 2020 be equipped with solar panels. Far from a boon to homeowners, the costs to builders and home buyers will likely far exceed the benefits to the state. The California Energy Commission, which approved the rule as part of new energy-efficiency regulations, didn’t conduct an objective, independent investigation of the policy’s effects. Instead it relied on economic analysis from the consultancy that proposed the policy, Energy and Environmental Economics Inc. Its study concluded that home buyers get a 100%...
  • Trump Is Quietly Destroying Obamacare While Helping Millions of Americans—Here’s How

    08/12/2018 10:58:23 PM PDT · by Kaslin · 39 replies
    Townhall.com ^ | August 13, 2018 | Justin Haskins
    Despite numerous promises from congressional Democrats and President Barack Obama when they passed the Affordable Care Act in 2010, the health care law has created far more problems than it has solved. Premiums, deductibles, and health care choices have all worsened since Obamacare went into effect, and there’s no sign America’s health insurance system will improve anytime in the near future.President Trump inherited a health insurance crisis when he took office in January 2017, so he and congressional Republican leaders immediately began to work to implement their plan to replace Obamacare with a more market-centered approach to improving the...