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31 Mar 2015 - United States

The Rise of the Working Poor and the Non-Working Rich

The Huffington Post - 31 Mar 2015 04:04
The Rise of the Working PoorMany believe that poor people deserve to be poor because they're lazy. As Speaker John Boehner has said, the poor have a notion that "I really don't have to work. I don't really want to do this. I... think I'd rather just sit around." In reality, a large and growing share of the nation's poor work full time -- sometimes sixty or more hours a week -- yet still don't earn enough to lift themselves and their families out of poverty. It's also commonly believed, especially among Republicans, that the rich deserve their wealth because they work harder than others. In reality, a large and growing portion of the super-rich have never broken a sweat. Their wealth has been handed to them. The rise of these two groups -- the working poor and non-working rich -- is relatively new. Both are challenging...
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Rahm Emanuel Wants ToChicago Mayor Rahm Emanuel (D) isn't letting the crisis in neighboring Indiana over a controversial religious freedom law go to waste. Emanuel, who faces re-election next week, has urged about a dozen... Indiana businesses to move to Chicago as many have publicly expressed their concern that the law permits discrimination against LGBT employees. In a letter to the Indiana businesses, Emanuel said that the new law would lead to discrimination against LGBT employees in Indiana and harm the state's ability to attract top talent, Crain's Chicago Business reported. "But (Chicago's) great strength is the quality of our workforce and the fact that Chicago is a welcoming place," Emanuel wrote in the letter, according to Crain's. "As Gov. Pence changes state law to take Indiana backwards, I urge you...
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The Academy of Nutrition and Dietetics is working to terminate a deal that had allowed Kraft to affix the group's Kids Eat Right label to its cheese slices.
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Petals Fall Off Taiwan'sA year ago this month hundreds of people broke into Taiwan’s parliament and occupied the assembly hall to hold up ratification of a trade pact with political rival China. Their occupation over the... following 24 days incited tens of thousands more to demonstrate outside the legislature, call for more public oversight of China relations or a halt to trade pacts long as Beijing claims sovereignty over the self-ruled island. The movement handed Taiwan President Ma Ying-jeou, the catalyst for Taiwan’s growing economic ties with China, his worst political crisis since he took office in 2008. Now it may have lost some of that power.
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Banking sector net interestBanking sector net interest income and net interest margins via Deutsche Bank's David Bianco: Join the conversation about this story » NOW WATCH: Nationwide's Super Bowl commercial about dead... children is about corporate profits ... in a way that we can all appreciate
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Washington State To BoycottWashington Gov. Jay Inslee (D) announced Monday that he would ban state-funded travel to Indiana, where a controversial new law could allow businesses to deny service to gay and lesbian individuals... for religious reasons. "I find Indiana's new law disturbing, particularly at a time when more and more states and people in America are embracing civil rights for everyone," Inslee said in a statement. "Washington will join other states and cities in opposing this law and I will impose an administration-wide ban on state funded travel to Indiana." In his statement, Inslee cited the case of a Washington-based florist who was recently ordered to pay a fine for discriminating against a gay couple who sought her services. "We in Washington stand for equality," he said. "I applaud those companies and...
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Live Action 'Mulan' In TheThe film follows the success of 'Cinderella' and 'Maleficent.'
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Don't Worry About the Robots, the Fed Might Take Your Job

The Huffington Post - 31 Mar 2015 03:02
Don't Worry About the Robots,It is rare that a week goes by when we don't hear a story warning us that robots are going to be taking our jobs. (For example, here , here, here .) This is bizarre, even as measured by a standard of... economic reporting that allowed an $8 trillion housing bubble to grow largely unnoticed. The basic point is a simple one: there is no real evidence that robots are displacing workers on any substantial scale. The other part of the story that makes the robot discussion so annoying is that the Federal Reserve Board is actively debating policy that has the explicit purpose of taking away people's jobs and almost no one seems to care. Starting with the robot part of the story, we do have a measure of the rate at which robots and other technologies are displacing workers. It's called "productivity...
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Facebook seems to be breakingGuest:Here's why Facebook's Messenger app may not be forced to adhere to the same rules and regulations everyone else in the App Store is required to follow.
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Mars Colonization As AIn an era when --- even in Antarctica --- researchers can tap into iTunes, it’s hard not to wonder if such connectivity is causing formerly seemingly remote parts of the world to lose their edgy... sense of place. And that’s just here on Earth. What happens when humans move offworld? Will Mars pioneers want the Red Planet to remain as remote and untamed as when they first risked life and limb to get there?
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We've had three S&P 500Regarding a potential decline in S&P 500 earnings, here's Morgan Stanley's Adam Parker: ...There have been only three periods since 1974 in which net income declines were not associated with a... recession (Exhibit 1). In each of these three periods of net income declines without a recession (1986, 1998, 2012), S&P 500 performance improved in the year prior to the beginning of the decline. Performance during the period climbed as well: the S&P 500 rose from the beginning to the end of each of the three periods. In fact, performance declined in only 3 quarters out of the 16 total quarters represented. Performance following the earnings recession was also generally strong. The first period did see modest decline in the S&P 500 one year later, attributable to the "Black Monday" crash of 1987....
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What Chinese moms will do toIt's no secret -- moms will do just about anything for their kids. Some are even willing to commit visa fraud, lie to immigration officers and pay tens of thousands of dollars to shady middlemen -- as... long as the payoff is a U.S. passport for their newborn.
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How Hong Kong's subway turns aYou can find one of Hong Kong's most profitable businesses about 30 meters below the earth's surface.
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18 brilliant ideas for the skyscraper of the future

Business Insider - 31 Mar 2015 02:48
18 brilliant ideas for theThe winners of this year's eVolo Skyscraper Competition deal with some daunting themes, including overcrowding, global warming, and environmental disaster. The contest, sponsored by eVolo... Magazine and now in its 10th year, asks architects to envision the future of vertical living. Nearly 500 contestants submitted their ideas for the skyscrapers of tomorrow, and three winners and 20 honorable mentions were selected by a jury of leaders in the fields of architecture and design. These buildings may not be feasible today, but they attempt to answer some big questions about the future of urban spaces. The first-place winner was "Essence," a proposal to put a non-urban environment in a dense city center. The building would have 11 landscapes with fish tanks, jungle areas, and other...
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Dealer Group Predicts BestThe National Automobile Dealers Association said it expects U.S. auto sales approaching 17 million in 2015, the highest since 2005.
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Energy payrolls have only started to fall

Business Insider - 31 Mar 2015 02:42
Energy payrolls have onlyFrom Goldman Sachs' Alec Phillips: ... oil rig counts have declined considerably, and this is likely to result in declining oil-sector employment and investment. Indeed initial claims for unemployment... insurance have risen noticeably over the last several weeks in most of these [oil-heavy] states... Join the conversation about this story » NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate
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Score one for China! U.S.China has come out on top after a tussle with the U.S. over Beijing's plans to create the Asian Infrastructure Investment Bank, a regional alternative to the World Bank.
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Hodgson hands Kane full debut against Italy

Business Insider - 31 Mar 2015 02:39
Hodgson hands Kane full debutTurin (Italy)
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Two Former Federal AgentsTwo former federal agents have been charged with stealing Bitcoin for their own personal gain while working undercover to help unmask Ross Ulbricht, the convicted mastermind behind the drug... trafficking website.
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With Yahoo, Bing, and Google dominating the search engine marketplace for the past five year and not too many competitors, techies and consumers are starting to wonder what's next for the search... engine market. Transparency over how these companies are tracking consumer habits and how they work with the government are becoming huge concerns for users, and many consumers are starting to look for alternatives.
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Fitbit likely paid at leastThe San Francisco-based company can add that to the $66 million it's already raised since its founding.
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9 Ind. CEOs call for changesLetter: 'We are deeply concerned about the impact it is having on our employees.'          
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Former HP star Dave DonatelliDave Donatelli, one of HP's most powerful executives who did not fair well under Meg Whitman's administration, is now working at Oracle, multiple sources have told Business Insider. Oracle has... officially declined comment. But according to one of our sources, Donatelli has taken on an executive VP title in the hardware division reporting to his old boss, Mark Hurd. Hurd is a former CEO of HP and is now CEO of Oracle, a role he shares with CEO Safra Catz. Donatelli is a hardware specialist who spent 22 years at EMC before he joined HP. Hardware know-how is something that Oracle greatly needs. I's DNA is still a software company. Still, Oracle's hardware business is doing fairly well recently, up 5% last quarter, when adjusting for the foreign exchange currency headwinds plaguing US...
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Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- It's nice to see the flow of money has reversed from last week's... relentless selloff, Jim Cramer told his Mad Money viewers Monday. In fact, there were two reasons the markets were able to rally -- a positive news flow and money managers looking to add more stocks to their portfolios. There were a number of positive headlines driving the markets, including a wave of mergers in the biotech sectors. Horizon Pharmaceuticals was one notable deal and its stock up a quick 18%. Teva Pharmaceuticals was also up on the day, as was Catamaran , up 27%. Must Read: Warren Buffett's Top 10 Stock Buys There were also several positive research reports helping to vault stocks...
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The system, called Amazon Home Services, is the e-commerce company's latest attempt to expand its empire beyond online shopping.
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