House Takes First Step to Revive Export-Import Bank
The House on Monday took the first steps to revive the U.S. Export-Import Bank nearly four months after its charter expired.
Economics
L.A.’s New Renters’ Union Launches ‘Days of Rage’
A new renters’ group calling itself the L.A. Tenants’ Union, taking its cue from numerous leftist organizations around the world, has decided to launch a campaign called, “Day of the Dead. Days of Rage.”
Public Housing a Trendy Deal in San Diego
Select San Diegans will receive federal government housing subsidies along with 42-inch HDTVs, cable, Internet and on-site services upon taking up residence at the newly constructed $50 million dollar Alpha Square low-income housing project in the city’s trendy East Village neighborhood.
Debt Ceiling Crisis Has Been Great for the Stock Market
A huge stock market rally kicked off when the U.S. Treasury was forced to pay out a net $32 billion last week after the Republican Congress failed to raise the legal debt ceiling on the U.S. government’s $18.113 trillion Ponzi debt scheme.
Tesla’s ‘Success’ a Great Example of How Regulations Manipulate Markets
The American consumer resists marketing aimed at selling them electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1,874 Volts—its electric car introduced in 2010 with “high expectations.” That roughly equals the number of Silverado pick-up trucks sold in one day.
El Niño: Most Californians Lack Flood Insurance
With the Federal Emergency Management Agency urging all Californians to buy low-cost federally subsidized flood insurance in anticipation of the most powerful El Niño condition in history, residents should buy immediately.
Donald Trump Mocks Jeb Bush: ‘He’s Got a Finance Director Who Got Paid Already $1.3 Million’
Speaking to an enthusiastic crowd of several thousand supporters at a campaign rally in Jacksonville, Florida on Saturday, GOP frontrunner Donald Trump blasted former Florida Governor Jeb Bush for doing a poor job managing his own campaign’s finances.
Airbnb Apologizes for Ads Referencing Hotel Taxes
The multibillion dollar lodging startup Airbnb has apologized for a series of forthright ads they placed on bus shelters throughout the Bay Area that tell municipal agencies in San Francisco what they can do with the millions in city hotel taxes their company is paying.
Puerto Rico Wants to File Bankruptcy to Borrow More Money
Two and a half months after defaulting on part of its $73 billion in debt, President Barack Obama is asking Congress to give Puerto Rico the power to file for bankruptcy, so the U.S. Territory can cancel their debt and borrow more money.
Delayed Atlantic Free-Trade Talks Advance – 2016 TTIP Deal Eyed, One Year Late
Negotiators for the huge Transatlantic Trade and Investment Partnership (TTIP) free trade pact said Friday they were aiming to conclude a deal next year, after making “substantial progress” this week at talks in in Miami. Week-long discussions in the Florida
Men Practice ‘Art of Transformation’ at Miss Gay Venezuela Pageant
Last Sunday, Manuel Gonzales, a 24-year-old social communicator competing under the nom-de-guerre of Argenis Gonzalez, was crowned Miss Gay Venezuela.
China Ascendant: $46 Billion Spent on ‘New Silk Road’ in Central Asia
China is investing heavily in a trade route that would open up transportation across its border with Pakistan.
Silicon Valley: $9B Theranos Threatened with Extinction
As Theranos, Inc. was preparing for one of Silicon Valley’s biggest IPO’s when its pin-prick blood test for thousands of diseases was approved by the FDA on July 15, the company was rocked on October 15 by a Wall Street Journal article citing “unnamed” former employees claiming Theranos inflated its testing effectiveness to the FDA.
Rotting Shack Sells for $400,000 in San Francisco
A dilapidated, 765-square-foot earthquake shack in San Francisco sold for $408,000 this week–a deal that is seen as a bargain considering the difficulty of finding a home under half a million dollars in the city’s surging real estate market.
FARAGE FOR BREITBART: Government’s Green Commitments Means Our Energy Is DOUBLE The Price Of The Germans’
I keep hearing Chancellor George Osborne talking about the creation of a ‘Northern Powerhouse‘. For some time now I’ve been scratching my head and wondering what this really is all about. As with all things Osborne there is some electoral
IMF Predicts Saudi Arabia Bankrupt by 2020
The IMF just confirmed Breitbart News’ October 5 warning that Saudi Arabia’s cash reserves are in free-fall, with a new estimate that the world’s richest kingdom may be bankrupt by 2020.
Troubles at Wal-Mart, IBM and the New American Century
With Wal-Mart sales and profits falling, pundits are asking if the economy is again headed down. Hardly, like IBM and other business icons in trouble, the Arkansas retailer is simply being squeezed by better competitors—and mostly Americans—who herald a new age of American innovation.
Tesla Crashes in Consumer Reports–and at DMV
Tesla stock plunged -10 percent on Tuesday in a double whammy of bad news as Consumer Reports pulled its “best car ever” designation, and the California Department of Motor Vehicles (DMV) said the company is illegally “bird dogging” to hype sales.
Report: Disney-Owned ESPN Planning to Cut Up to 350 Jobs
Insiders are reporting that Disney-owned ESPN cable sports network is preparing to cut up to 350 jobs, causing it to shed about 4.3 percent of its workforce.
Over Half U.S. States Reported Job Losses in September
More than half of U.S. states reported job losses in September, as hiring slowed, a new report finds.
Rampant Oppression Fails to Keep American Business Interests from Eyeing Cuba
For the 26th Sunday in a row, Cuban police have arrested upwards of one hundred dissidents for attempting to organize a peaceful anti-communist assembly. The arrests come at a time when American business interests appear more intrigued than ever with the prospect of investing in the Cuban regime.
Deutsche Bank Transfers $6 Billion To A Client In ‘Fat Finger’ Slip-Up
Deutsche Bank AG erroneously paid $6 billion (3.9 billion pounds) to a U.S. hedge fund client after a junior trader processed the wrong figure, the Financial Times reported. The bank recovered the amount from the client the next day and the
$2.5 Billion Vaping Boom Draws Class Action Lawsuits
Looking to form class action lawsuits under California’s Proposition 65, nominal plaintiff Jerod Harris filed a federal complaint against R.J. Reynolds Vapor Co. claiming he didn’t know vaping uses nicotine.
Duh: Earthquakes Not Caused by Fracking
MSNBC’s Rachel Maddow gleefully teased the earthquakes in Oklahoma as “the story that might keep you up at night.” On her October 16 show, she stated that Oklahoma’s earthquakes are: “The terrible and unintended consequence of the way we get oil and gas out of the ground.… from fracking operations.” Yet, when her guest, Jeremy Boak, Oklahoma Geological Survey director, corrected her by saying “it’s not actually frackwater,” she didn’t change her tune.
The Senate GOP Plan to Surrender Debt Control to Obama
Senate Republicans, led by Majority Leader Mitch McConnell, are reportedly planning legislation allowing President Barack Obama to lift the nation’s debt ceiling on his authority, according to sources on Capitol Hill. Under the Senate Republican plan, Congress would merely retain the right to “disapprove” of the President’s action to lift the nation’s debt limit. But disapproving the action would require a hard-to-reach two-thirds vote of both chambers of Congress.
