Economic BBS

    • WSJ: Donald Trump Will Sign Executive Order to Roll Back Dodd-Frank
      President Donald Trump will sign an executive order Friday unraveling the 2010 Dodd-Frank financial reform. The move comes as part of a comprehensive plan to rescind regulations set in the wake of the financial crisis.

      The White House will also enact another executive action that will dismantle the Department of Labor's controversial Fiduciary Rule that critics argue would upend the retirement-account advisory business. The Fiduciary Rule requires retirement advisors to act in the best interests of their clients. The new executive order will ask the Labor Department to revise or revoke the Fiduciary Rule.

      White House National Economic Council Director Gary Cohn says that limits consumer choice. Cohn said in an interview with The Wall Street Journal, "Americans are going to have better choices and Americans are going to have better products because we're not going to burden the banks with literally hundreds of billions of dollars of regulatory costs every year. The banks are going to be able to price product more efficiently and more effectively to consumers."

      The Trump White House will plan to draft additional orders to revise the rules regarding the Federal Stability Oversight Council, the agency responsible for designating non-bank entities such as insurance firms like MetLife as "systemically important financial institutions," or SIFIs, adding regulation on the firms. White House Economic Council Director has said previously, "We don't think nonbanks should be SIFIs."

      [continued]
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    • > 02/03/2017 01:00 PM : .
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    • COAL MINERS REJOICE
      [quote]..[/quote]

      Right, because all of those black and brown nations are so fucking successful, right?

      It has nothing to do with white homogenized high iq societies with a population less than some USA states and community trust where there is a shared heritage.
    • ENERGY INDEPENDENCE 2017
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    • > 02/03/2017 12:09 AM : .
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  • ENERGY INDEPENDENCE 2017
    • OBAMA in his own WORDS
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    • > 01/24/2017 03:25 AM : OBAMADEBT
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    • Trump Gives Business Leaders 30 Days To Put Together Plan To Create Jobs
      Ford Motor Co. CEO Mark Fields says President Donald Trump's meeting with some big league business leaders was "very positive."

      The new president met with a group of top manufacturing leaders - including Fields, Elon Musk, the head of SpaceX; Andrew Liveris, the CEO of Dow Chemical; and the executives from Dell, Johnson & Johnson and Lockheed Martin - for what the Trump administration called "a listening session" in the in the Roosevelt Room at the White House on Monday.

      Liveris told reporters following the meeting that he was impressed with how "engaged" the president was, explaining that Trump has given them 30 days to come up a plan for a series action to help stimulate the American manufacturing sector.

      President Trump's message was that he's willing to help these business leaders with things like tax cuts, but he wants American jobs in return. Therefore, he's looking for specific ideas on how to create jobs.

      [continued]
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    • > 01/23/2017 03:29 PM : .
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    • "MAKE U.S. GREAT AGAIN"
      ST. LOUIS: http://i.imgur.com/niGD2VM.jpg

      DETROIT: http://i.imgur.com/5XMloJ3.jpg

      NEW ORLEANS: http://i.imgur.com/9R4siwH.jpg

      BATON ROUGE: http://i.imgur.com/1o03aF3.jpg

      [continued]
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    • Huh, I totally missed this story earlier: fickle Trump has suddenly flip-flopped on the Repub's "border tax"
      President-elect Donald Trump is on a collision course with House Republicans over a key part of their plans to remake the international tax code, in a dispute that threatens to blow up their entire bid for a sweeping tax reform.

      Trump is complaining that a GOP plan to create what experts call a "border adjustable" business tax is too complicated. But the proposal, which would essentially tax imports but not exports, is fundamental to Republicans' tax plans. Projected to raise more than $1 trillion, it's one of the main ways they intend to finance an overhaul, so dropping the plan would send them back to the drawing board.

      "It leaves them in a real jam," said Howard Gleckman, a senior fellow at the Washington-based Tax Policy Center. "It leaves them with a giant hole in their plan, and no obvious way to close it."

      But House Republican leaders signaled they have no plans to back down, leaving the two sides at loggerheads over one of the top items on their agenda.

      [continued]
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    • Lockheed CEO tells Donald Trump company will add 1,800 F-35 jobs in Fort Worth
      Lockheed Martin CEO Marillyn Hewson emerged from a meeting with President-elect Donald Trump Friday pledging to bring down the cost of the F-35 Lightning II and pledging to hire more than 1,800 additional workers at the Fort Worth plant.

      Trump has been in a dogfight with Lockheed Martin over the F-35 program, questioning its costs and capabilities. Last month he went on Twitter to say that the stealth fighter's costs were "out of control" and he talked about replacing it with a comparable F-18 Hornet built by Boeing.

      "We had the opportunity to talk to him about the F-35 program and I certainly share his views that we need to get the best capability to our men and women in uniform and we have to get it at the lowest possible price," Hewson said outside the Trump Tower in Manhattan.

      "So I'm glad I had the opportunity to tell him that we are close to a deal that will bring the cost down significantly from the previous lot of aircraft to the next lot of aircraft and moreover it's going to bring a lot of jobs to the United States," Hewson said.

      [continued]
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    • > 01/13/2017 01:46 PM : .
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    • Amazon says it will create 100,000 full-time jobs in U.S. by 2018
      Amazon will create 100,000 full-time jobs in the United States with full benefits over the next 18 months, the tech giant announced in a statement Thursday.

      The company says the positions are for workers across the country and across all skill and experience levels. Most of the positions will be at fulfillment centers, including new ones under construction in California, Florida, New Jersey and Texas.

      "Innovation is one of our guiding principles at Amazon, and it's created hundreds of thousands of American jobs," said Amazon founder and CEO Jeff Bezos in a statement. "These jobs are not just in our Seattle headquarters or in Silicon Valley - they're in our customer service network, fulfillment centers and other facilities in local communities throughout the country."

      http://www.usatoday.com/story/tech/news/2017/01/12/amazon-says-create-100000-jobs-us-2018/96482672/
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    • China cracking down on the Shitcoin ponzi scheme, Shitcoin values plummet
      China's central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 percent against the dollar.

      The People's Bank of China (PBOC) said its probe of bitcoin exchanges BTCC, Huobi and OKCoin was to look into a range of rule violations, including market manipulation, money laundering and unauthorized financing.

      Chinese authorities have stepped up efforts to stem capital outflows and relieve pressure on the yuan.

      While the yuan lost more than 6.5 percent against the dollar last year, its worst performance since 1994, the bitcoin price has soared to near-record highs.

      [continued]
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    • American Small-Business Optimism Index Surges by Most Since 1980
      Optimism among America's small businesses soared in December by the most since 1980 as expectations about the economy's prospects improved dramatically in the aftermath of the presidential election.

      The National Federation of Independent Business's index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said.

      The share of business owners who say now is a good time to expand is three times the average of the current expansion, according to the NFIB's data. More companies also said they plan to increase investment and keep hiring, which reflects optimism surrounding President-elect Donald Trump's plans of spurring the economy through deregulation, tax reform and infrastructure spending.

      "We haven't seen numbers like this in a long time," Juanita Duggan, president and chief executive of the NFIB, said in a statement. "Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments."

      [continued]
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    • > 01/10/2017 08:34 AM : .
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    • Limited will close all stores at end of business Saturday
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      Cry me a river. Under capitalism, some businesses fall, and others rise. This is especially true with fashion & apparel. Some brands get stale.

      The Limited, Gap, Abercrombie, American Apparel have been falling.

      Meanwhile, Zara, H&M, Uniqlo, Forever 21 have been rising.

      [continued]
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    • Donald Trump Calls Out Toyota For Plans To Build In Mexico
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      Not shit... I predict that in the first/second quarter, they'll all be fighting to come back. All trump has to do is to hint to the American people that maybe we shouldn't be buying their cars if they don't want to make any of them here. Man, I've waited so long for this shit I swear.
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    • US Federal Debt Climbs More Than A Trillion Dollars in 2016
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      Osama Obama should have said, "If you like your debt, you can keep your debt." Then again, that would be an instance of the truth coming from his flapping lips, would probably cause a lot of heart failure, shock too many people.
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