Business

Unemployment Rate Tumbles To 9-Year Low

Yahoo Finance reports: In a stunning development, the Bureau of Labor Statistics just revealed that the US unmployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from October at 4.9%. During the month, US companies added 178,000 non farm payrolls, which was a tad lighter …

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Breitbart Wails After Levi Strauss Bans Guns

Ho hum, yet another boycott. Yesterday Levi Strauss CEO Chip Bergh posted this message on LinkedIn: The debate in the U.S. over gun safety and gun rights is as complex as it is divisive. As a former army officer, a father and business leader, I’ve heard the arguments from all sides. And, as CEO of a 163-year-old company whose products …

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Kellogg’s Bans Ads From Breitbart Over Hate Speech

Bloomberg reports: Kellogg Co. is pulling its ads from the website Breitbart News, the right-wing news organization whose former chairman Steve Bannon was tapped as a top adviser to President-elect Donald Trump. Brands that advertise on Breitbart have drawn flak in recent weeks, with activists saying the website espouses racist and anti-Semitic views. A screen shot showing an advertisement for …

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Ivanka Trump’s Shoe Factory Is Moving From China To Ethiopia Because Labor Costs There Are Much Cheaper

USA! USA! The Daily Mail reports: Donald Trump has pledged to bring long-lost American manufacturing jobs back from China. But he may be too late – even for products that bear his family name. A Chinese company that makes shoes for his daughter’s fashion line is moving production to Africa, where labor is much cheaper. The billionaire tycoon has frequently …

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Trump Tells New York Times That He’s Untouchable By Law Over His Business Conflicts Of Interest [VIDEO]

Via Mediaite: In his on-the-record chat with The New York Times, Donald Trump dismissed concerns about any potential conflicts between his duty as president and his business interests, saying that it was impossible for the president to even have conflicts of interest to begin with. Trump continued, saying that the law doesn’t require him to set up a trust and …

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Keith Boykin Delivers Epic Rant: Donald Trump Isn’t Going To Drain The Swamp, He IS The Swamp [VIDEO]

Raw Story reports: Donald Trump’s promises to “drain the swamp” of Washington corruption are becoming more of a punchline for his detractors as more information about his conflicts of interest piles up. Appearing on CNN Tuesday, Democratic strategist and former Clinton White House aide Keith Boykin ripped Trump for his multiple shady dealings in the two weeks since he’s been …

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Right Wing New York Post Warns Donald Trump Against “Milking The Presidency” To Benefit His Businesses

From the editorial board of the New York Post: Of all the issues facing the president-elect and his brain trust, the question of how to avoid conflicts of interest with his global business may be the thorniest. It’s already raising real questions — over diplomats who opted to stay at a Trump hotel to maybe score points, and the Indian …

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REPORT: Trump Could Face Impeachment Over Foreign Diplomats Rushing To Stay At His DC Hotel [VIDEO]

Law Newz reports: Steven Schooner, a law professor at George Washington University, raised serious legal concerns about Donald Trump and his ongoing interest in Trump International Hotel in Washington D.C., especially after a report in The Washington Post that said foreign diplomats felt pressure to stay there. He’s not the only legal expert to raise constitutional questions. The Trump Organization …

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AFA Issues Anti-Christian Holiday Boycott List: Best Buy, Barnes & Noble, Foot Locker, Nordstrom, Others

Via press release from the American Family Association: As the 2016 Christmas shopping season begins full swing, AFA has prepared its annual Naughty or Nice retailer list. We have taken the top national retailers and reviewed their websites, media advertising and in-store signage in an effort to help you know which companies are Christmas-friendly. There are secular forces in our …

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NEW YORK: AG Formally Announces Trump’s Surrender In Trump U Lawsuits, $25M Settlement For Scam

The New York Times reports: Donald J. Trump has reversed course and agreed to pay $25 million to settle a series of lawsuits stemming from his defunct for-profit education venture, Trump University, finally putting to rest fraud allegations by former students, which have dogged him for years and hampered his presidential campaign. The settlement was announced by the New York …

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REPORT: Trump To Settle Both Trump University Fraud Lawsuits For $25M, Won’t Admit To Any Wrongdoing

The New York Daily News reports: In a complete turnaround from his previous position, President-elect Donald Trump is nearing a settlement of the fraud cases brought in New York and California involving his now defunct for-profit Trump University, the Daily News has learned. Under the emerging deal being negotiated by Trump’s lawyers, New York State Attorney General Eric Schneiderman and …

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Target Stock Soars On Latest Earnings Report

Remember loony Janet Porter’s plot to disrupt Target’s back-to-school sales? Oops. Via Fortune: The discount retailer’s shares rose 9% in pre-market trading on Wednesday after it reported a much smaller than expected decline in comparable sales and posted strong e-commerce growth. As a result, Target has raised its full year profit and sales forecast. The retailer’s strong third-quarter performance is …

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Shoemaker New Balance Denounces Support From Nazi Website After Praising Election Of Donald Trump

The Boston Globe reports: An “alt-right” website for white supremacists is encouraging its followers to buy shoes from New Balance in a show of solidarity after a company representative said last week that president-elect Donald Trump’s victory was good for American manufacturing. The website “The Daily Stormer,” which identifies itself as a source for Republican news but is filled with …

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CHINA: Government Threatens To Stifle Sales Of iPhones And US Goods If Trump Launches Trade War

The Guardian reports: US president-elect Donald Trump would be a “naive” fool to launch an all-out trade war against China, a Communist party-controlled newspaper has claimed. During the acrimonious race for the White House Trump repeatedly lashed out at China, vowing to punish Beijing with “defensive” 45% tariffs on Chinese imports and to officially declare it a currency manipulator. “When …

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The John Lewis Holiday Ad Is Here [VIDEO]

The Christmas ad for Britain’s John Lewis department store chain is always big news and pundits love to find metaphors for current events. This year is no different. The Guardian reports: In theory, the intention was admirable. But this year has been such a domino stack of heartbreaking disappointment that John Lewis wouldn’t have had to do much to make …

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Unemployment Dips In Final Pre-Election Report

CNN Money reports: America’s economy stayed on track before the U.S. election. The U.S. economy added 161,000 jobs in October, a solid gain, yet below the 191,000 jobs added in September, according to the Labor Department. It is the last look at the health of the economy for Americans voters before they cast their ballots. Unemployment fell a tick to …

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Texas Leads Nine States In Federal Appeals Court Demand To Legalize Anti-LGBT Business Discrimination

The Austin Statesman reports: Joined Thursday by Republican officials from eight other states, Texas Attorney General Ken Paxton urged a federal appeals court to reinstate a Mississippi law that had been struck down as discriminatory against gay and transgender people. The Mississippi law, Paxton told the 5th U.S. Circuit Court of Appeals in a legal brief, was intended to protect …

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The Annual Starbucks Cup War Has Started

Starbucks issued a new green cup yesterday and the usual nutjobs are losing their minds. And this isn’t even their holiday cup. Via press release from Starbucks: A single line connects the figures. A coffee farmer, a family, a barista, friends embracing. A mosaic of more than a hundred people drawn in one continuous stroke is featured on a new …

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TORONTO: Trump Tower Nears Debt Auction

The Toronto Star reports: Investors who want a piece of the Trump name may now have their chance. The Trump International Hotel & Tower in Toronto is likely to hit the market as the owner of debt on the property seeks a sale. JCF Capital ULC, a closely held firm, recently bought the construction loan on the 65-story hotel and …

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GDP Hits 2.9% In Biggest Gain Since 2014

Good news for Hillary in the final days of the campaign. MarketWatch reports: The U.S. economy grew in the third quarter at the fastest pace in two years, aided by a surge in exports and a rebound in the size of inventories companies keep on hand for sale. The government said gross domestic product, the official scorecard for the economy, …

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