Latest Articles: Business
Iconic plant's end spells doom for struggling coal industry
Post Date: 2020-03-25 12:02:07 by Willie Green
DRAKESBORO, Ky. (AP) President Donald Trump tried to stop it from happening. The top Republican in the Senate, Mitch McConnell, did too. Despite their best efforts to make good on Trumps campaign promise to save the beleaguered coal industry, including an eleventh-hour pressure campaign, the Tennessee Valley Authority power plant at Paradise burned its last load of coal last month. The plants closure in a county that once mined more coal than any other in the nation is emblematic of the industrys decadeslong decline due to tougher environmental regulations, a major push toward renewable energy and a rise in the extraction of natural gas. The ...
Pot stocks soar as U.S. House committee clears bill on federal weed legalization
Post Date: 2019-11-21 16:42:08 by Deckard
(Reuters) Shares of marijuana companies rose on Thursday after a U.S. congressional committee passed a legislation to decriminalize cannabis, taking it a step closer to being approved by the Democratic-controlled House of Representatives. The bill, which was passed 24 to 10 in the House Judiciary Committee on Wednesday, sent shares of Canopy Growth (WEED.TO), Aurora Cannabis (ACB.TO), Aphria Inc (APHA.TO) and Tilray Inc (TLRY.O) up between 8% and 15%. We think federal legalization would be a big positive for investor sentiment surrounding cannabis equities, which have been battered by oversupply and a steep price decline for the underlying commodity since becoming legal ...
Woke to Broke: Gillette Loses Billions After Anti-Men, Transgender Shaving Ads
Post Date: 2019-08-02 08:42:16 by Tooconservative
How about this one? Well, it turns out men don't like to be insulted and classified as overly masculine, raging sexists and they're dumping the brand. Gillette's social justice moral preening just cost them $8 billion. "P&G reported a net loss of about $5.24 billion, or $2.12 per share, for the quarter ended June 30, due to an $8 billion non-cash writedown of Gillette. For the same period last year, P&Gs net income was $1.89 billion, or 72 cents per share," Reuters reports. ?.@Gillette? bleeding as P&G takes $8 billion writedownMaybe those moronic identity politics ad campaigns had something to do with this. https://t.co/mHLrhw8Nad ...
These 30 companies get the most money from the federal government
Post Date: 2019-03-27 11:08:45 by Willie Green
According to the Congressional Budget Office, the U.S. government spent $4 trillion in 2017. While the budget's largest portions go toward benefit programs like Social Security and Medicaid, hundreds of billions of federal dollars also end up in the coffers of just a handful of companies in the private sector.Through its various agencies and departments, the federal government has millions of contractual obligations with private companies, both domestic and foreign. The companies and organizations benefiting from federal dollars run the gamut from drug makers to universities and research companies. Those benefiting the most, however, are almost exclusively health care providers and ...
There's been a mysterious surge in $100 bills in circulation, possibly linked to global corruption
Post Date: 2019-02-28 12:58:30 by Hondo68
The number of hundred-dollar bills in circulation has skyrocketed in the past decade.It could be a troubling indicator for global corruption as high-denomination bills remain a go-to for criminals, given the anonymity and lack of transaction record.There's certainly enough evidence to say it is an enabler of corruption, but it is also a way for people to keep assets outside of the financial system," says Nicholas Colas, co-founder of DataTrek research. The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in ...
'Talent Wants Transit': Companies Near Transportation Gaining The Upper Hand
Post Date: 2018-12-01 10:49:02 by Willie Green
One of the important criteria in Amazon's high-profile search for a second (and third) corporate headquarters was access to public transportation for the company's employees. The company chose Queens, N.Y., and Arlington, Va., for its new HQ2s both locations will be near subway stops. And a new study finds Amazon is not alone in this regard; businesses all over the country increasingly want to be near bus and train lines, as they struggle to attract and keep top talent in a tight labor market. A case in point is McDonald's, a company that owes its enormous success to people driving their cars. After all, the fast-food giant sells millions of meals through drive-through ...
October job creation 'astonishing,' Trump economic adviser says
Post Date: 2018-11-02 11:48:19 by Justified
The head of the Council of Economic Advisers, a White House agency, said Fridays employment report on the number of jobs created last month is astonishing. The Labor Department said U.S. employers created 250,000 jobs in October, far more than the 190,000 economists had expected. In addition, unemployment held steady at 3.7 percent and the labor force participation rate increased to 62.9 percent from 62.7 percent during the month. Kevin Hassett, who chairs the council, said one of the reasons the October numbers are so amazing is that they come after two hurricanes slammed into the United States, one in late September and the other in October. We did this estimate ...
Move over, Musk: Kalashnikov unveils 'electric supercar'
Post Date: 2018-08-23 16:22:16 by Hondo68
A handout picture taken on August 22, 2018 and released by Kalashnikov media press office, shows a retro-looking pale blue prototype electric car, the CV-1, produced by Russian arms maker Kalashnikov, in Moscow (AFP Photo/HO)Moscow (AFP) - Russian arms maker Kalashnikov on Thursday presented its new electric car inspired by a rare 1970s model, saying the new technology will rival Elon Musk's Tesla.The brand, best known for the AK-47 machine gun, presented the decidedly retro-looking pale blue prototype, the CV-1, at a defense expo outside Moscow.The look was inspired by a Soviet hatchback model developed in the 1970s called "Izh-Kombi," a statement on the Kalashnikov website ...
Somerville’s mayor says he won’t drink Sam Adams anymore after Jim Koch thanked Trump for a tax break
Post Date: 2018-08-14 11:27:20 by Deckard
We need to hold these complicit profiteers of Trumps white nationalist agenda accountable! he wrote on Twitter.Somerville Mayor Joseph Curtatone said he wont drink Samuel Adams beer anymore after brewer Jim Koch thanked President Donald Trump last week for a tax break. Koch, founder and chairman of the Boston Beer Company, which brews Sam Adams, was one of 13 corporate executives who met with the president at his Bedminster, New Jersey, golf resort Aug. 7 where he told Trump recent tax cuts help American breweries compete against foreign beer companies, which dominate the U.S. market. We were paying 38 percent taxes and competing against people who were paying ...
Police called multiple times on girl selling homemade cookies
Post Date: 2018-08-09 06:25:04 by Deckard
ABC 8 News CEDAR FALLS, Iowa (KRON/CNN) You wouldnt think a little girl selling cookies would be a controversial thing, but in one Iowa neighborhood, it is. Police in Cedar Falls say theyve received three different calls to police in the span of five days. They are all because of a 10-year-old girl selling water and homemade cookies. It was going really well, said Savannah Watters, who was selling the cookies. This summer, Savannah was selling cookies like hotcakes until neighbors called the cops because they didnt like the traffic. One of those neighbors tells CNN off camera that she called the police because she was worried about the ...
Stossel: The End of Tipping?
Post Date: 2018-08-01 05:41:14 by Deckard
Activists want to increase minimum wage for tipped workers. Celebrities, union activists, and politicians demand that the government raise the minimum wage for restaurant workers. They are upset that in 43 states, tipped workers can be paid a lower minimum wage than other workers. The logic behind the lower minimum is that the tips make up the difference. That's not good enough for people like Buffalo University law professor Nicole Hallett. She tells John Stossel that, "the problem with tips is that they're very inconsistent." She wants to "require restaurant owners to pay the same hourly wage that all other employers have to pay." But many restaurant workers ...
New Trump Range Rover promo video with the Queen
Post Date: 2018-07-14 09:55:03 by Hondo68
@11:00 President Trump's fleet of Range Rovers arrive at Windsor Castle. A grand procession of the Queen's machines. President Trump, First Lady Melania meets with Queen Elizabeth for the first time at Windsor Castle July 13, 2018 during his visit to United Kingdom
Poster Comment:Will Range Rovers become the new Trump fanboi status symbol, and will The Donald grant the Queen a tariff exemption on the new 2019 Trump Range Rover?
Harley-Davidson's problems go much deeper than Trump's trade war (HOG)
Post Date: 2018-06-30 16:10:40 by Justified
Harley Davidson "is engaging in a rather risky PR strategy," Morgan Stanley said Friday.The motorcycle brand this week pushed back on President Donald Trump's quickly intensifying trade war with Europe.Shares sank more than 8% after Harley said new European tariffs would cause a "tremendous cost increase."Follow Harley-Davidson's stock price in real-time here. Harley-Davidson already sank 8% this week after the motorcycle maker announced new tariffs from the European Union will cause a "tremendous cost increase," and Morgan Stanley says the company's problems go far beyond any import taxes." In a note to clients Friday, the bank said ...
Harley-Davidson Will Shift Manufacturing Overseas To Avoid Tariffs
Post Date: 2018-06-25 12:43:00 by Deckard
It can do that because it's a global brand, but other businesses aren't as lucky. And workers everywhere stand to lose. Harley-Davidson, the iconic American motorcycle brand, will shift some manufacturing overseas in response to the raising of trade barriers on both sides of the Atlantic. In a filing made Monday with the Securities and Exchange Commission, Wisconsin-based Harley-Davidson disclosed plans to move some of its manufacturing facilities from the Rust Belt to the Old World in the hopes of avoiding higher costs created by new European Union tariffs that target American-made motorcycles, along with other cultural products like whiskey and blue jeans. Those 25 percent ...
Canada legalizes marijuana, sales to start on October 17
Post Date: 2018-06-20 16:36:20 by Willie Green
Canada just became the second country in the world to legalize marijuana nationwide. Legal sales are set to begin October 17.The bill passed Canada's Senate 52-29 on Tuesday evening.Prime Minister Justin Trudeau promised during his 2015 campaign to legalize marijuana.Marijuana stocks surged on the news on Wednesday morning. Canada is the second country in the world to legalize marijuana, paving the way for recreational sales throughout the country. Canada's Upper House of Parliament on Tuesday evening approved the revised bill 52-29, making Canada the first G7 country to legalize marijuana. Uruguay did so in 2013. Prime Minister Justin Trudeau said on Wednesday that legalization ...
Tariffs Will Wipe Out the Benefits of Tax Reform
Post Date: 2018-06-19 13:37:36 by Deckard
Yes, the lowering of the corporate tax rate gave businesses a nice profit bump, but new tariffs will probably cost them more than they saved. Former White House economist Gary Cohn expressed concerns yesterday that Trumps tariffs would erode the benefits from tax reform. Since the on-again-off-again 25 percent tariffs on imports from China areas of 3:23pm, Friday, June 15, 2018on again, let me share this back-of-the-envelope analysis that shows why Cohns concerns are justified. The Numbers Don't Look Good Certainly, the additional profits expected from the reduction in corporate rates from 35 to 21 percent could be entirely wiped out for the ...
The 'Real' America: 21.5% Unemployment, 10% Inflation, And Negative Economic Growth
Post Date: 2018-06-13 13:11:27 by Deckard
Source: ZeroHedge Authored by Michael Snyder via The Economic Collapse blog, Every time the mainstream media touts some wonderful new economic numbers I just want to cringe. Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy economic picture that the mainstream media is constantly painting for all of us is completely absurd. As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible. Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there ...
Your Definitive High-Yield Dividend Stock Buying Guide
Post Date: 2018-06-06 09:04:14 by Willie Green
A deep dive into how to find the best high-yield dividend stocks. Investors who are seeking income have several options, including high-yield savings accounts, bank CDs, bonds and bond funds, annuities, and of course high-yield dividend stocks. These options range in safety and yield, with high-yield stocks tending to offer more income potential but with increased risk. However, the trade-off is that in addition to the increased income, high-yield dividend stocks also tend to provide additional upside in the form of dividend increases and capital appreciation. While there's more risk involved when investors stretch for higher yields, there are safe dividend stocks out there. The key to ...
Trump's Crony Capitalism: Energy Division
Post Date: 2018-06-02 11:30:57 by Deckard
Trump orders "immediate steps" to save money-losing coal and nuclear power plants.Who you gonna call when your business is being outcompeted and you're going bust? The feds, of course. President Donald Trump obliged his cronies in the electric power and coal industries today by ordering the Department of Energy (DOE) to take "immediate steps" to save the companies from going bankrupt. Those immediate steps will result in consumers having to pay higher power bills. Back in March, the bankrupt nuclear and coal-fired electric power generator FirstEnergy asked the DOE to invoke section 202(c) of the Federal Power Act and declare that an "emergency condition" ...
Space entrepreneurs will change our lives with advances that are out of this world
Post Date: 2018-06-01 13:55:47 by tpaine
Space entrepreneurs will change our lives with advances that are out of this world By Newt Gingrich Published May 31, 2018 FoxNews.com Much of American history has been created by entrepreneurial pioneers who kept inventing things. Eli Whitney created the mechanical cotton gin in 1793, which sparked a revolution in the ability to process cotton. His development of interchangeable parts for manufacturing revolutionized productivity in factories. Robert Fulton launched the first commercially successful steamboat that brought passengers from New York City to Albany in 1807. Profitable, timely and efficient, it set a pattern for steamboats that revolutionized travel. Cyrus McCormick ...
Trump Tells Mercedes to Take A Hike, Wants to Ban German Auto Imports!
Post Date: 2018-05-31 17:17:24 by Tooconservative
Donald Trump is no stranger to hyperbole, or the bellicose and boisterous showmanship of a New York City salesman after all, he is the CEO in Chief but even his most ardent supporters may be scratching their heads today. Trump has been unapologetically proud of being an American, as are many of us here in the greatest nation to ever have existed. The problem lies in the lefts willingness to distort this pride as some sort of xenophobic disaster waiting to happen in which Trump becomes literally Hitler an allegation so predictable that it boggles the mind as to how it could exist at all. Its a sad reality, in fact, that the left ...
China cuts tariffs on cars, car parts
Post Date: 2018-05-28 00:05:13 by Tooconservative
China will dramatically reduce its tariffs on imported autos to 15% from 25%, and will also cut its import tariff on auto parts to 6% from a range of 8% to 25%, the Chinese government said on Tuesday. The reduction will be effective July 1. The announcement comes as high-level trade negotiations are ongoing between the U.S and China, in order to avert a trade war. The auto sector has been an important focus of the talks. Chinas Ministry of Finance said in a statement that the reduction of tariffs was an important measure in further opening up the Chinese economy. In April, China announced plans to allow full foreign ownership of automakers in five years, ending ...
Hollywood So Straight: Studio Films With LGBT Characters Dropped to Record Low Last Year
Post Date: 2018-05-27 09:54:28 by misterwhite
The number of Hollywood films featuring LGBTQ characters plummeted nearly 40 percent in 2017 compared to the year prior, an annual survey of the major movie studios by GLAAD said on Tuesday. The group found that just 14 wide releases from the majors, as well as offerings from their indie divisions, were inclusive of queer identities in 2017, a drop from 23 films in 2016. Only 12.8 percent of studio films contained characters who identified as lesbian, gay, bisexual or queer the lowest percentage of LGBTQ-inclusive major studio releases since GLAAD began tracking in 2012. Trans characters were absent entirely from wide releases (though the report does contain praise for the ...
Worker Co-Ops Are Wildly Successful But U.S. Media Ignores them
Post Date: 2018-05-21 08:37:37 by A Pole
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In 1967, the CIA Created the Label "Conspiracy Theorists" ... to Attack Anyone Who Challenges the "Official" Narrative
Post Date: 2018-05-18 05:56:01 by Deckard
Conspiracy Theorists USED TO Be Accepted As NormalDemocracy and free market capitalism were founded on conspiracy theories.The Magna Carta, the Constitution and Declaration of Independence and other founding Western documents were based on conspiracy theories. Greek democracy and free market capitalism were also based on conspiracy theories.But those were the bad old days
Things have now changed.The CIA Coined the Term Conspiracy Theorist In 1967That all changed in the 1960s.Specifically, in April 1967, the CIA wrote a dispatch which coined the term conspiracy theories
and recommended methods for discrediting such theories. The dispatch was marked ...
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