Markets
ISM Manufacturing Index Slips to 49.4 in August
- September 04, 2016
A sharp upturn in new business inflows, which expanded at the fastest pace since December 2014, among other factors, pushed the Purchasing Managers' Index ( PMI ) higher in August. The index for new orders was down 7.8 percent, production was down 5.8 percent and employment was down 1.1 percent. "After today's ISM Manufacturing Index showed a surprise contraction in August, we feel this is just the thing the Federal Reserve needs to continue to explain about why it will or will not ... (more...)
- September 04, 2016
A sharp upturn in new business inflows, which expanded at the fastest pace since December 2014, among other factors, pushed the Purchasing Managers' Index ( PMI ) higher in August. The index for new orders was down 7.8 percent, production was down 5.8 percent and employment was down 1.1 percent. "After today's ISM Manufacturing Index showed a surprise contraction in August, we feel this is just the thing the Federal Reserve needs to continue to explain about why it will or will not ... (more...)
US, Cuba celebrate historic first commercial flight
- September 04, 2016
They are obligated to begin flights within 90 days - right after Thanksgiving - but airlines may begin earlier. Delta and Frontier were given daily flights from Miami, and Southwest and Spirit were authorized to fly twice daily to Havana from Fort Lauderdale. (more...)
- September 04, 2016
They are obligated to begin flights within 90 days - right after Thanksgiving - but airlines may begin earlier. Delta and Frontier were given daily flights from Miami, and Southwest and Spirit were authorized to fly twice daily to Havana from Fort Lauderdale. (more...)
Lawmakers Question Administration on EpiPen Rebate Classification
- September 04, 2016
In the face of outrage over the price of the EpiPen, Mylan said on Monday that it will make an " authorized generic " version of the EpiPen that will cost $300 for a two-pack. That would nearly certainly draw strong resistance from the politically potent pharmaceutical industry. Biologics are more hard to make than drugs derived from chemicals, and therefore more expensive to consumers. (more...)
- September 04, 2016
In the face of outrage over the price of the EpiPen, Mylan said on Monday that it will make an " authorized generic " version of the EpiPen that will cost $300 for a two-pack. That would nearly certainly draw strong resistance from the politically potent pharmaceutical industry. Biologics are more hard to make than drugs derived from chemicals, and therefore more expensive to consumers. (more...)
Why insurance monopolies loom in Obamacare's future
- September 04, 2016
Here is a solution: since the insurance companies won't cover Pinal County, people should be allowed to buy into Medicare for all. Far too many people automatically reenroll in their plan from the previous year, and what they may not realize is that the cheapest plan in the prior year may not be the cheapest plan this year. (more...)
- September 04, 2016
Here is a solution: since the insurance companies won't cover Pinal County, people should be allowed to buy into Medicare for all. Far too many people automatically reenroll in their plan from the previous year, and what they may not realize is that the cheapest plan in the prior year may not be the cheapest plan this year. (more...)
South China Sea: Obama urges Beijing to abide by ruling
- September 04, 2016
Obama and his Chinese counterpart Xi Jinping handed ratification documents to United Nations chief Ban Ki-moon, who said he was now optimistic the agreement will be in force by the end of this year. For all his outreach, current and former top USA diplomats say, Obama has gotten little in return, except the feeling of being burned by Beijing . (more...)
- September 04, 2016
Obama and his Chinese counterpart Xi Jinping handed ratification documents to United Nations chief Ban Ki-moon, who said he was now optimistic the agreement will be in force by the end of this year. For all his outreach, current and former top USA diplomats say, Obama has gotten little in return, except the feeling of being burned by Beijing . (more...)
Hailing cooperation, United States and China join global climate deal
- September 04, 2016
The two leaders presided over a meeting that saw delegations from both countries sign three agreements covering nuclear security, energy and agricultural health certification. In recent months, China has been incensed by a ruling against its claims in the South China Sea by an global court, a case initiated by Manila but blamed by Beijing on Washington. (more...)
- September 04, 2016
The two leaders presided over a meeting that saw delegations from both countries sign three agreements covering nuclear security, energy and agricultural health certification. In recent months, China has been incensed by a ruling against its claims in the South China Sea by an global court, a case initiated by Manila but blamed by Beijing on Washington. (more...)
Yes, Q-C, that was an quake you felt this morning
- September 04, 2016
There were no immediate reports of injuries in Pawnee, where about 25 percent of the residents are Native Americans. Preliminary measurements show the quake had a magnitude of 5.6 - believed to be one of the strongest in state history. Oklahoma is now experiencing 2.5 earthquakes of magnitude three or larger earthquakes per day, according to the Oklahoma Geological Survey. The state's economy depends heavily on energy production, accounting for one of every four jobs there. (more...)
- September 04, 2016
There were no immediate reports of injuries in Pawnee, where about 25 percent of the residents are Native Americans. Preliminary measurements show the quake had a magnitude of 5.6 - believed to be one of the strongest in state history. Oklahoma is now experiencing 2.5 earthquakes of magnitude three or larger earthquakes per day, according to the Oklahoma Geological Survey. The state's economy depends heavily on energy production, accounting for one of every four jobs there. (more...)
Hire trucking adds 3400 jobs in August, far below July
- September 04, 2016
The somewhat disappointing employment report reduces the likelihood of a Fed hike in September. Stocks are opening higher even though USA employers added fewer jobs than expected in September. On the upside, average hourly wages for all private nonfarm employees increased to $25.73 in August. The market had been on track for much larger gains early on. (more...)
- September 04, 2016
The somewhat disappointing employment report reduces the likelihood of a Fed hike in September. Stocks are opening higher even though USA employers added fewer jobs than expected in September. On the upside, average hourly wages for all private nonfarm employees increased to $25.73 in August. The market had been on track for much larger gains early on. (more...)
The U.S. and China just ratified the Paris climate agreement
- September 04, 2016
The US and China handed over their countries' instruments of joining the Paris Agreement separately to the UN Secretary-General Ban Ki-moon on Saturday. -Chinese cooperation on climate change. The Paris Agreement is the third attempt to address the issue of climate change, after the 1992 UN Framework Convention on Climate Change and the 1997 Kyoto Protocol. (more...)
- September 04, 2016
The US and China handed over their countries' instruments of joining the Paris Agreement separately to the UN Secretary-General Ban Ki-moon on Saturday. -Chinese cooperation on climate change. The Paris Agreement is the third attempt to address the issue of climate change, after the 1992 UN Framework Convention on Climate Change and the 1997 Kyoto Protocol. (more...)
The Making of Clinton and Trump
- September 04, 2016
Clinton also has multiple paths to the 270 electoral votes needed to win in November - so many that she could lose OH and Florida and still become America's first female president. Clinton N.C. spokesman Andrew Bates declined to say how many organizers the campaign has, but said staff has been on the ground for months and now have 30 campaign field offices. (more...)
- September 04, 2016
Clinton also has multiple paths to the 270 electoral votes needed to win in November - so many that she could lose OH and Florida and still become America's first female president. Clinton N.C. spokesman Andrew Bates declined to say how many organizers the campaign has, but said staff has been on the ground for months and now have 30 campaign field offices. (more...)
Patriots' Bill Belichick on the Giants, Giant Stadium nostalgia
- September 04, 2016
This is his last opportunity for game action until October 9 because he is suspended for the first four games of the regular season as a result of the Deflategate scandal. Kraft was joined by former Patriot Jerod Mayo, as well as former Patriot and Hall of Fame linebacker Andre Tippett. It is likely Brissett gets the bulk of the playing time. (more...)
- September 04, 2016
This is his last opportunity for game action until October 9 because he is suspended for the first four games of the regular season as a result of the Deflategate scandal. Kraft was joined by former Patriot Jerod Mayo, as well as former Patriot and Hall of Fame linebacker Andre Tippett. It is likely Brissett gets the bulk of the playing time. (more...)
India, Vietnam to expand ties in defence, trade and oil exploration
- September 04, 2016
We have agreed to scale up and strengthen our bilateral engagement. Prime Minister Narendra Modi expressed gratitude for Vietnam's consistent support to India's candidature for permanent membership of a reformed and expanded UNSC. Noting that enhancing bilateral commercial engagement is the strategic objective of the two nations, he said: "For this, new trade and business opportunities will be tapped to achieve the trade target of United States dollars 15 billion by 2020". (more...)
- September 04, 2016
We have agreed to scale up and strengthen our bilateral engagement. Prime Minister Narendra Modi expressed gratitude for Vietnam's consistent support to India's candidature for permanent membership of a reformed and expanded UNSC. Noting that enhancing bilateral commercial engagement is the strategic objective of the two nations, he said: "For this, new trade and business opportunities will be tapped to achieve the trade target of United States dollars 15 billion by 2020". (more...)
Trudeau Lectures China On Human Rights On Shanghai Stage
- September 03, 2016
The joint Sino-Canadian projects in such areas as nuclear energy, infrastructure, interconnectivity, modern agriculture and innovation, have great potential. Meanwhile, the two countries will establish an annual dialogue between both heads of government to boost bilateral relations and exchanges of views on global affairs, Premier Li Keqiang said while meeting with Trudeau on Wednesday. (more...)
- September 03, 2016
The joint Sino-Canadian projects in such areas as nuclear energy, infrastructure, interconnectivity, modern agriculture and innovation, have great potential. Meanwhile, the two countries will establish an annual dialogue between both heads of government to boost bilateral relations and exchanges of views on global affairs, Premier Li Keqiang said while meeting with Trudeau on Wednesday. (more...)
US accuses EU of grabbing tax revenues with Apple decision
- September 03, 2016
This approach resulted in the seemingly low effective tax rate for Apple. On that basis, and despite Tim Cook's protestations that Apple will ultimately have a 26% corporate tax rate when its deferred USA taxes come home to roost, our tax authorities and political leaders knew Apple wasn't just using Ireland as a tax channel for this key corporate branch, because they liked Cork. (more...)
- September 03, 2016
This approach resulted in the seemingly low effective tax rate for Apple. On that basis, and despite Tim Cook's protestations that Apple will ultimately have a 26% corporate tax rate when its deferred USA taxes come home to roost, our tax authorities and political leaders knew Apple wasn't just using Ireland as a tax channel for this key corporate branch, because they liked Cork. (more...)
China, US join climate deal; Obama hails work to save planet
- September 03, 2016
President Xi said China will provide unshakable support for Africa's peace and development. To enter into force, the agreement must be ratified by at least 55 countries representing at least 55 per cent of global greenhouse gas emissions. The two countries account for about 20 percent and 18 percent, respectively, of global warming emissions. Prime Minister Narendra Modi on Saturday flew into Hangzhou for the crucial G20 summit and talks with top world leaders, including one with Chinese ... (more...)
- September 03, 2016
President Xi said China will provide unshakable support for Africa's peace and development. To enter into force, the agreement must be ratified by at least 55 countries representing at least 55 per cent of global greenhouse gas emissions. The two countries account for about 20 percent and 18 percent, respectively, of global warming emissions. Prime Minister Narendra Modi on Saturday flew into Hangzhou for the crucial G20 summit and talks with top world leaders, including one with Chinese ... (more...)
US Election: Trump backer's Taco warning if Clinton wins
- September 03, 2016
Somewhat lost in the shuffle was Gutierrez's argument that immigration could pose a threat to US cultural homogeneity. "They're going out. They're going out fast", he said. She then urged NY state Sen. He says Trump's own words on immigration seem to be well received by supporters. Espaillat, who is running to become the first Dominican-American elected to Congress, touted the tolerance of the Hispanic culture and argued that Trump is the one being "aggressive and bullying". (more...)
- September 03, 2016
Somewhat lost in the shuffle was Gutierrez's argument that immigration could pose a threat to US cultural homogeneity. "They're going out. They're going out fast", he said. She then urged NY state Sen. He says Trump's own words on immigration seem to be well received by supporters. Espaillat, who is running to become the first Dominican-American elected to Congress, touted the tolerance of the Hispanic culture and argued that Trump is the one being "aggressive and bullying". (more...)
Tropical storm warning issued for Cape May and Atlantic counties
- September 03, 2016
Downed trees and power lines block the road after Hurricane Hermine blows through Tallahassee, Florida September 2, 2016 . "This phenomenon of the storm coming up the coast and then stalling, really for four days, and that is very unusual", de Blasio said at a press conference Friday morning . (more...)
- September 03, 2016
Downed trees and power lines block the road after Hurricane Hermine blows through Tallahassee, Florida September 2, 2016 . "This phenomenon of the storm coming up the coast and then stalling, really for four days, and that is very unusual", de Blasio said at a press conference Friday morning . (more...)
Dollar index edges higher with NFP report on tap
- September 03, 2016
The dollar weakened Friday against its main rivals after the Labor Department said the US economy created 151,000 jobs in August, moderately undershooting economists' expectations. Analysts said that the jobs report made a rate hike in September much less likely, despite more hawkish noises from Fed officials in the last week. (more...)
- September 03, 2016
The dollar weakened Friday against its main rivals after the Labor Department said the US economy created 151,000 jobs in August, moderately undershooting economists' expectations. Analysts said that the jobs report made a rate hike in September much less likely, despite more hawkish noises from Fed officials in the last week. (more...)
Zenit turn down a whopper of a deal for name change
- September 03, 2016
Thankfully, even the Russians know naming a club after a mediocre fast-food chain is a awful idea, and the way they publicly rejected the bid is absolutely hilarious. Petersburg have supposedly been offered millions of dollars to officially change their team name. Red Bull are the most famous example, with teams in New York, Salzburg and Leipzig all bearing the brand's name. (more...)
- September 03, 2016
Thankfully, even the Russians know naming a club after a mediocre fast-food chain is a awful idea, and the way they publicly rejected the bid is absolutely hilarious. Petersburg have supposedly been offered millions of dollars to officially change their team name. Red Bull are the most famous example, with teams in New York, Salzburg and Leipzig all bearing the brand's name. (more...)
Forecasters predict Hermine will regain hurricane strength once it hits East Coast
- September 03, 2016
Local beaches, however, can expect to see rough surf, rain and wind as the remnants of the storm pass by off-shore. Hermine (her-MEEN) could regain hurricane strength late in the weekend after spinning over the Atlantic Ocean, and lash coastal areas as far north as CT and Rhode Island through Labor Day , forecasters said. (more...)
- September 03, 2016
Local beaches, however, can expect to see rough surf, rain and wind as the remnants of the storm pass by off-shore. Hermine (her-MEEN) could regain hurricane strength late in the weekend after spinning over the Atlantic Ocean, and lash coastal areas as far north as CT and Rhode Island through Labor Day , forecasters said. (more...)
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