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Economics

Dodd Obama (Jeremiah Roth / Flickr / CC)

Hollywood Swinging Hard for Trans-Pacific Partnership

Hollywood moguls and the vast majority of leftist entertainers have joined forces in a last-ditch effort to bully wavering Democratic lawmakers into backing President Obama’s fast-track authority for the Trans-Pacific Partnership (TPP) as the centerpiece of what he calls his “pro-trade agenda.”

Uber (Reuters)

Uber Taking over from Taxis in Key Metro Markets

Uber’s popularity overtook traditional taxi service for San Francisco and Dallas business reimbursements in the first three months of 2015, reflecting an overall nationwide trend toward the innovative transportation company, according to analysis of millions of receipts processed through expense management software provider Certify.

Screenshot

Rand: Cut Department of Commerce Budget 100%

Senator Rand Paul (R-KY) said he “would cut every bit” of the Department of Commerce’s budget in an interview broadcast on Tuesday’s “Hannity” on the Fox News Channel. “We either do it [spending cuts] 1% across the board, or maybe

AP Photo

Banks Raising Sub-Prime Credit Card Limits, Again!

The Office of the Comptroller of the Currency (OCC), which regulates the financial risks posed by the lending activity of American national banks, has officially reported that banks are expanding sub-prime credit by raising borrowing limits for credit card holders. The new concerns follow an OCC report last June that flagged “problematic” recent high-risk corporate takeovers, car loans through auto dealers, and commercial finance lending.

IAEA

Economics Makes Iran Nuclear Deal Unenforceable

The nuclear deal with Iran will prove unenforceable. Ultimately, Tehran will become the dominant economic and military power in the Middle East and, if it chooses, build nuclear weapons. The United States was successful in assembling an international coalition to

Tim Cook, Apple Watch (Associated Press)

i-Watch Could Let Managers Snoop on Employees

UPS is probably America’s premier example of how Fred Taylor’s scientific management methods are being applied using “telematics” to break down every worker task to eliminate all un-essential movements–and then use the right tools, training and incentives to achieve optimum workflow productivity and dump excess Teamster members. By giving their employees an Apple i-Watch, managers across almost all industries could soon be using telematics to increase productivity and dump employees.

brown

Jerry Brown Warns on Climate Change, Defends Farmers

California Governor Jerry Brown warned Americans on Sunday morning that California’s drought was a sign of climate change. However, in his appearance on ABC News’ This Week, with guest host Martha Raddatz, Brown also defended California farmers from charges that they are overusing water, arguing that they feed the rest of the country.

Dodd-Frank (Reuters)

Dodd-Frank Hurts Latino and First-Time Home Ownership

According to the California Realtors’ home ownership affordability report, only 28 percent of Los Angeles residents can afford to buy a home in Los Angeles, due to the combination of low inventory and the fact that the Dodd-Frank Consumer Protection Act made it much harder for immigrants and first-time buyers to qualify for a loan.

Mayweather, Pacquiao

Will Greed K.O. Mayweather-Pacquiao Profits? Art Laffer Applies His Curve

The promotors of the Floyd Mayweather-Manny Pacquiao superfight look to cash in by charging as much as $100 for a home viewing of the pay-per-view bout. But one of the world’s most famous economists tells Breitbart Sports that a law of diminishing returns sets in when sellers price a product above what the market will bear.

Ole Spata/picture-alliance/dpa/AP Images

Goliath Stumbles: Twitter’s Periscope Neck-and-Neck with Live-Streaming Competitor Meerkat

The battle for the next great social network service has become a neck-and-neck race. The hot new trend–as of this month –is live social video streaming, where users interact in real-time with their favorite Twitter friends, as they record events and conversation. One of the two contenders, Periscope, had the massive promotional power of Twitter itself, but after a brief rise to dominance, has fallen into tight competition with the scrappy startup, Meerkat.

IRS Building

Ax the Income Tax

March Madness, baseball, and flowers; spring in America would be so grand without income taxes and the headaches of filing on April 15.

AP Photo/Michel Euler

Rising Economic Power Means Women Will Dominate Silicon Valley

Media observers are claiming that Ellen Pao’s loss in her $160 million gender discrimination claims against her former venture capitalist employer Kleiner Perkins Caufield & Byer means a dark future for women in Silicon Valley. But women already control 36 percent of small businesses, hold 50 percent of all management positions and account for 60 percent of college students. With rising economic power, women seem destined to eventually dominate Silicon Valley and much of American business.

Franklin Reyes/AP

Democrat Toni Atkins Leads California Trade Mission to Cuba

Following intensive efforts from U.S. President Obama to re-establish relations and the flow of commerce with the communist nation Cuba, nine Democrat California legislators along with academics and state agricultural representatives are making a pilgrimage to the notoriously oppressive nation.

Christian Sanfilippo

Silicon Valley: Dot-com 2.0 Crash Looms as VC Tech IPOs Dwindle

Earlier this week, Breitbart News broke described how hedge funds paid too much for venture investments and are actually losing money on many public offerings. Now a new report by pitchbook.com called “Are IPO down rounds to blame for dearth of VC tech IPOs?” reveals that the number of venture-backed tech companies seeking to go public is dwindling to a trickle. If the initial public offering (IPO) window closes, Silicon Valley could face a Dot-com Crash Version 2.0.

John Doerr (Matt Rourke / Associated Press)

Silicon Valley’s Kleiner Perkins Wins Gender Discrimination Lawsuit

In a shockingly short deliberation for such a highly-visible gender discrimination lawsuit, a San Francisco jury of six women and six men ruled against former junior partner Ellen Pao on Friday on the three most important claims brought against the prestigious Silicon Valley venture capital firm of Kleiner, Perkins, Caufield and Byers.

Tom Price

GOP-Controlled House Passes Budget to Erase Deficits

Normally quarrelsome House Republicans came together Wednesday night and passed a boldly conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare.