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Business/Economy (News/Activism)

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  • 'Absurd and incomprehensible': France warns that US-China trade deal could cost Europe

    05/20/2018 3:45:33 PM PDT · by Olog-hai · 29 replies
    TheLocal.fr ^ | 20 May 2018 15:00 CEST+02:00 | AFP
    Europe could end up rueing a potential new deal between China and the United States after the two sides stepped back from a trade war, France’s Economy Minister Bruno Le Maire warned on Sunday. “The United States and China risk entering an agreement at the expense of Europe if Europe is not capable of showing a firm hand,” Le Maire told CNEWS television. “The United States wants to make Europe and European countries pay for China’s bad behavior. All of that is totally absurd and incomprehensible for allies,” he said. His comments came after a joint statement issued in Washington...
  • Newsprint tariffs hit newspapers hard

    05/20/2018 12:51:14 PM PDT · by artichokegrower · 32 replies
    San Francisco Chronicle ^ | May 20, 2018 | John Diaz
    Never pick a fight with someone who buys ink by the barrel,” the saying goes. Yet the Trump administration is picking a fight with American newspapers over something they buy at even greater cost and quantity: newsprint.
  • Tom Steyer Spends $2 Million To Force Renewables On Michigan Customers

    05/20/2018 11:46:33 AM PDT · by rktman · 21 replies
    dailycaller.com ^ | 5/20/2018 | Jason Hopkins
    Michigan residents will likely be paying more for their electricity after a well-funded ballot initiative prompted the state’s largest utilities to adopt higher renewable energy usage. On Friday, DTE Energy and Consumers Energy — Michigan’s two biggest utility companies — announced a compromise with a ballot committee to dramatically increase their renewable portfolio standards. DTE and Consumers have agreed to establish a goal of at least 50 percent clean energy by 2030, which includes a pledge that 25 percent of their electricity sales originate from renewable sources by that same year. In return, Clean Energy, Healthy Michigan will essentially drop...
  • As tensions with Trump deepen, Europe wonders if America is lost for good

    05/19/2018 4:39:01 PM PDT · by 2ndDivisionVet · 72 replies
    The Worcester Telegram ^ | May 19, 2018 | Griff Witte and Michael Birnbaum, The Washington Post
    BERLIN - Since Jan. 20, 2017, European leaders have managed U.S. relations with one eye on the clock, anxiously counting down the hours until President Donald Trump’s term is up and hoping the core of the Western alliance isn’t too badly damaged in the meantime. But as Trump’s aggressive rhetoric toward America’s closest allies has evolved into hostile action this spring, a new fear has swept European capitals. Trump may not be an aberration that can be waited out, with his successor likely to push reset after four or eight years of fraught ties. Instead, the blend of unilateralism, nationalism...
  • New Starbucks policy says restrooms open for all. (cafe and patios)

    05/19/2018 4:24:14 PM PDT · by Hojczyk · 38 replies
    UPI News ^ | May 19,2018 | Susan McFarland
    May 19 (UPI) -- Everyone is "considered a customer" and purchases are not required to use Starbucks cafes, including its restrooms, according to a new policy announced Saturday. The policy change comes a month after a Philadelphia Starbucks manager called police about two black men who were sitting inside the restaurant waiting for a friend without ordering anything. The policy announcement, sent via a letter to employees, said that "any person who enters our spaces, including patios, cafes and restrooms, regardless of whether they make a purchase, is considered a customer," The Wall Street Journal reported. Previously, company's guidelines were...
  • US, China say Beijing commits to buying more American goods

    05/19/2018 2:28:10 PM PDT · by Olog-hai · 5 replies
    Associated Press ^ | May 19, 2018 4:48 PM | Martin Crutsinger and Paul Wiseman
    Just-ended U.S.-China trade talks produced a commitment by Beijing to “significantly increase” its purchases of American goods and services, according to a joint statement Saturday from the rival economic powers trying to lower trade tensions. They also agreed on “meaningful increases” in U.S. exports of agriculture and energy products and greater efforts to increase trade in manufactured goods and services. The statement, however, provided no dollar amounts on how much China might boost its purchases of American products. The statement also was silent on whether the talks had made progress in easing the trade standoff between the world’s two biggest...
  • China agrees to purchase more U.S. goods after trade talks with Trump officials

    05/19/2018 11:53:21 AM PDT · by jazusamo · 22 replies
    The Washington Times ^ | May 19, 2018 | Dave Boyer
    China has agreed to “meaningful increases” in its purchase of U.S. agriculture and energy exports to help reduce the U.S. trade deficit, both countries said Saturday after wrapping up two days of high-stakes trade talks in Washington. A joint statement released by the White House said negotiators from both sides found “consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China.” “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services,” the statement said. “This...
  • ‘Your Prayers Don’t Work’; Hollywood Uses Shooting to Push Gun Control

    05/19/2018 8:56:00 AM PDT · by rktman · 54 replies
    newsbusteres.org ^ | 5/18/2018 | Corinne Weaver
    Sympathy and charity are the natural reactions to a tragedy. Using the deaths of innocent people as an immediate platform for political gain is inhuman. So, naturally, that’s the route Hollywood elitists chose to take just hours after the school shooting in Santa Fe that left 10 dead and several injured. Actors and actresses attacked everything they could get their hands on with blind, misdirected rage and virtuous grandstanding. It was like a wake of ghoulish vultures, screeching “YOUR PRAYERS DON’T WORK.” As politicians and others offered their thoughts and prayers to the victims and their families, eager entertainers pounced...
  • Who's gonna grow the food?

    05/19/2018 8:34:23 AM PDT · by rktman · 54 replies
    wnd.com ^ | 5/18/2018 | Patrice Lewis
    With Donald Trump’s election, it seems the lines have been drawn even more firmly between the left and right, between progressives and conservatives, between the religious and the irreligious. But interestingly, another line has been quietly drawn – or rather, been quietly deepened: the line between the urban and the rural. I’ve lived in both worlds, but I’ve never made any bones about where my allegiance lies: with rural America. Flyover country. Real America, as in the name of this column. Sadly, more and more people are fleeing rural areas and migrating to cities. According to a recent article in...
  • Trump Era Gun Sales (NICS) Hits Record Month in April, 2018

    05/19/2018 5:46:02 AM PDT · by marktwain · 23 replies
    Ammoland ^ | 10 May, 2018 | Dean Weingarten
    The Trump era National Instant background Check System (NICS) hit another record month in April, 2018. Background checks recorded by the FBI numbered 2,223,213 in April. The next highest April recorded was in 2016, with 2,145,565. The total NICS checks for the first four months of 2018 numbered 9,354,635.  That is  6.8% higher than the first four months of 2017, which numbered 8,756,657. 2018 is on track to replace 2017 as the year with the second highest number of NICS checks. The record was set in 2016.In 2016, a presidential election year, it was fear of a Hillary Clinton...
  • Amgen’s new migraine drug will cost 30 percent less than Wall Street expected

    05/19/2018 1:00:46 AM PDT · by GonzoII · 13 replies
    Stat News ^ | May 17, 2018 | Damian Garde
    Amgen will charge $6,900 a year for a new drug that can spare migraine sufferers a few headaches each month, a price that comes in well below Wall Street expectations as the company hopes to avoid the payer backlash that has hamstrung recent drug launches. ....snip At $6,900 a year, Aimovig would seem more likely to appease payers, but Amgen’s investors may question just how lucrative the drug will end up being. By 2019, there could be four competing migraine treatments on the market, creating a competitive environment that might force Amgen to aggressively discount its therapy to stay in...
  • February article Senators propose bill to block U.S. from using Huawei, ZTE equipment

    05/18/2018 11:59:20 PM PDT · by Freedom of Speech Wins · 7 replies
    Reuters ^ | 2/08/18 | Chris Sanders
    WASHINGTON (Reuters) - Two Republican Senators introduced legislation on Wednesday that would block the U.S. government from buying or leasing telecommunications equipment from Huawei Technologies Co Ltd or ZTE Corp, citing concern the Chinese companies would use their access to spy on U.S. officials. https://finance.yahoo.com/news/senators-propose-bill-block-u-025751887.html
  • Beijing showing signs of compromise in trade talks with US

    05/18/2018 10:39:01 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | May 18, 2018 5:26 PM | Paul Wiseman and Kelvin Chan
    China is sending conciliatory signals as U.S. and Chinese negotiators meet in Washington to try to head off a trade war between the world’s two biggest economies. Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the United States of unfairly subsiding. It has also given approval for a U.S. private equity firm to buy Toshiba’s memory chip business. Those gestures could suggest a thaw with the U.S. as trade talks went on for a second day Friday in Washington. “China has come to trade,” Larry Kudlow, the top White House economic adviser, told reporters....
  • Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions

    05/18/2018 9:19:49 PM PDT · by TigerLikesRooster · 11 replies
    Coin Telegraph ^ | 2018-05-18 | Molly Jane Zuckerman
    Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions Molly Jane Zuckerman Iran and Russia could start using cryptocurrencies to avoid Western sanctions, Russian news portal RBC reported yesterday, May 17. Mohammad Reza Pourebrahimi, the head of the Iranian Parliamentary Commission for Economic Affairs, referred to cryptocurrencies as a promising way for both countries to avoid US dollar transactions, as well as a possible replacement of the SWIFT interbank payment system. At a meeting with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, Pourebrahimi said that they have “engaged the Central Bank of Iran...
  • Trump, Liu see need for healthy ties (Chinese vice premier)

    05/18/2018 6:19:43 PM PDT · by 2ndDivisionVet · 4 replies
    English Chinese News Service ^ | May 19, 2018 | China Daily
    Continuing China-US talks on trade, economic issues called constructive The Foreign Ministry dismissed a rumor on Friday that China had offered to cut its trade surplus with the United States by $200 billion, saying the trade talks with the United States have so far been constructive and are still underway. Ministry spokesman Lu Kang said the goal of the ongoing consultations between the two countries is to understand both sides' concerns, and the talks are being carried out with mutual understanding and accommodation to move the bilateral economic and trade relationship in a win-win direction. Vice-Premier Liu He is leading...
  • Reports: Plane crashes shortly after takeoff in Cuba

    05/18/2018 10:25:12 AM PDT · by Red Badger · 56 replies
    www.ajc.com ^ | 05/18/2018 | Staff
    LA HABANA, CUBA — There are social media reports that a Boeing 737 crashed shortly after takeoff from Jose Marti International Airport in Cuba. Authorities have not confirmed the reports of a crash. This is a breaking news story, return for updates.
  • New Study Shines Light — Literally — On China's And Russia's Fake GDP Data

    05/18/2018 7:07:10 AM PDT · by SeekAndFind · 10 replies
    IBD ^ | 05/18/2018
    GDP Fraud: Countries ruled by an authoritarian regime often cheat on their official GDP data, a new study shows. No surprise, really. But how do we know this? Well, it's all about the light.XWhat do we mean? A new working paper by Luis R. Martinez of the University of Chicago with the amusing title "How Much Should We Trust the Dictator's GDP Estimates?" explores the unusual, but direct, link between the amount of light produced by an economy — as captured and measured through nighttime satellite photographs — and its GDP.The surprising result: Martinez concludes that economies in authoritarian...
  • How Seattle’s New Tax to Fight Homelessness Could Ruin its Economy

    05/18/2018 7:03:46 AM PDT · by SeekAndFind · 39 replies
    Fortune ^ | 05/18/2018 | Travish Brown
    In a shortsighted effort to fight homelessness, Seattle’s city council has approved a new employee “head tax” on companies based in the city. The policy pits growth and progress against each other in a zero-sum game that will do far more harm than good. The head tax is exactly what it sounds like: a straight levy of $0.14 per hour per employee—about $275 a year for a full-time worker—targeting every business in Seattle with revenues of $20 million or more. The proposal’s backers aim to raise around $48 million per year to fund various affordable housing initiatives in order to...
  • Walmart’s Big Bet Could Pay Off for India

    05/18/2018 2:06:56 AM PDT · by Cronos · 3 replies
    Wall Street Journal ^ | 17 May 2018 | Sadanand Dhume
    Walmart bet big on Indian e-commerce last week with its $16 billion purchase of a 77% stake in Flipkart. And while the jury is still out on the acquisition as an investment, one thing is clear: It’s good news for India. Walmart’s share price fell 3% on the day of the announcement. That’s due to investors’ fears that the American giant overpaid for a loss-making retailer with annual sales of $4.6 billion in the year that ended March 31. Last year Flipkart, which has engaged in a discounting war with Amazon to attract customers, lost $1.29 billion. But Walmart’s belief...
  • Trump doubts China trade negotiations will succeed (four hours ago)

    05/17/2018 4:33:16 PM PDT · by cba123 · 11 replies
    CNBL ^ | 5/18/2018 | Jacob Pramuk
    "Will that be successful? I tend to doubt it," the president said during an appearance with NATO Secretary-General Jens Stoltenberg. "The reason I doubt it is because China has become very spoiled. The European Union has become very spoiled. Other countries have become very spoiled, because they always got 100 percent of whatever they wanted from the United States." "But we can't allow that to happen anymore," Trump added. (please see full story at link)