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Democrats Tone Deaf on Jobs

RealClearPolitics - 7 hours 35 min ago
Kirsten Powers, USA Today
If this is corporate welfare, then it's the kind of corporate welfare Democrats should support.

I’m a Loser and Proud of It

LibertarianInstitute - 7 hours 48 min ago

The supporters of Hillary Clinton, the poster woman for unbridled statism, are distraught over Donald Trump’s victory.

Sore losers.

The supporters of Donald Trump would’ve been just as distraught if their poster man for unbridled statism of a different flavor had lost.  In fact, Trumpers were just as distraught eight years ago over the election of Barack Obama, another poster person for unbridled statism, who won over the statist John McCain.

Sore losers.

Before Barack, the supporters of statist Al Gore were distraught over their candidate losing the hanging chad count to statist George W. Bush.   And before that, over the course of the twentieth century and much of the nineteenth, statists of both statist parties had alternated in their despair over the election of a statist from the other party.

One exception was the election of Calvin Coolidge, who was the least statist president of modern times.  The statists of both parties despaired over his presidency.

Not surprisingly, the statists in academia and the media don’t give Coolidge high marks in their ranking of presidents, preferring instead to give their highest accolades to super-statist FDR.

The losers get no sympathy from me and other libertarians.  We lose every election to either a statist Democrat or a statist Republican.

Maybe that’s why we’re seen as losers.

No, that’s not true.  We’re seen as losers because of our political and moral philosophy, which the statists characterize as utopian.

Unwittingly, the statists are also labeling the Founders as utopian losers, because the Founders’ classical liberalism was very similar to modern libertarianism.

Like libertarians, the Founders were anti-statist.  They didn’t believe in highly concentrated government power over the economy and society.  Instead, again like libertarians, they believed that government power should be restricted to protecting life, liberty and property—that it shouldn’t be exercised for imperialistic purposes, or to take stuff from Peter and give to Paul, or to control the price and supply of gall bladder surgeries or anything else, or to otherwise reorder society in the image of egotistical and corrupt politicians.

Yeah, reflecting the mores of their time, some of the Founders were a bit lacking in classical liberal principles with respect to slaves and Native Americans.  And right out of the gate, George Washington conducted the first war on drugs, with his use of force against the moonshiners of Western Penn.  And he engaged in early cronyism, with his support of government expenditures on making the Potomac and its tributaries navigable, which would have made his extensive landholdings more valuable.  But recognizing that all men aren’t angels, including themselves, he and the other Founders developed a political system to keep devils from usurping power from the people.

Well, that hasn’t worked out so well.  Not only have devils usurped power from the people, they have duped the people into erecting statues and monuments to themselves and other usurpers in the Capitol Rotunda and Mall.

It would be over the top to suggest that instead of statues and monuments, the heads of usurpers should have been put on pikes on both sides of the Mall for the ravens to peck on, as a warning to any politician who thinks of usurping power from the people.  Since it’s over the top, I’m not going to suggest it.

On the other hand, come to think of it, if heads of usurpers had been put on pikes all along, there would not be the Vietnam War Memorial on the Mall, because 55,000 Americans would’ve died in Vietnam due to politicians overturning the nation’s founding principles.  A few heads versus 55,000 unnecessary deaths would’ve been a good tradeoff.

Now I’m sounding like a libertarian; that is, like a whacko and loser.

Makes me proud.

The post I’m a Loser and Proud of It appeared first on The Libertarian Institute.

I’m a Loser and Proud of It was first posted on December 6, 2016 at 7:57 am.

Nike downgraded on concerns about share loss to Adidas and Under Armour

MarketWatch Market Pulse - 7 hours 49 min ago

Nike Inc. was downgraded on Tuesday to market perform from outperform at Cowen & Company based on concerns that share loss to Adidas AG and Under Armour Inc. could accelerate. Preference for Nike apparel has declined to 44% from 55%, according to the Cowen Consumer Tracker survey, while preference for Adidas and Under Armour is growing among 18-to-34 year old men and women. Analysts also believe promotions in North America and international inventory levels "appear elevated," noting 25% discounts on Nike apparel at Dick's Sporting Goods Inc. , Kohl's Corp. and other retailers. "We see a high probability that Nike reduces second-half fiscal year 2017 guidance or guides third-quarter below consensus, and we view sell-side estimates (75% net buy rated) as too high into 2018," the note said. Nike shares are down 1.1% in premarket trading, and down 17% for the year so far. The Dow Jones Industrials Average is up 10.3% for 2016 to date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Greek court deports three Turkish officers for being involved in military coup

MiddleEasteye - 8 hours 12 min ago
Language Undefined

Three Turkish military officers will be deported for allegedly taking part in the military coup in Turkey.

Battle for Aleppo: Government says no ceasefire without full rebel pullout

MiddleEasteye - 8 hours 23 min ago
Language Undefined

Rebels have vowed to continue fighting despite losing two-thirds of territory in east Aleppo

News Roundup 12/6/16

LibertarianInstitute - 8 hours 23 min ago
  • Trump’s pick for Secretary of Defense, General Mattis, says the Iraq War was “probably a mistake.” [Link]
  • The Walter Scott Murder trial ends as the judge declares a mistrial. The mistrial was declared after jurors could not come to a verdict. It appeared that all but one juror was for convicting the police officer who killed Mr. Scott. [Link]
  • A man serving life in prison for a non-violent marijuana charge is denied clemency by President Obama. [Link]
  • The US Forest Service policies on fighting wildfires have actually made wildfires harder to control. [Link]
  • The Pentagon hid a report that shows the Pentagon wasted $125 billion over 5 years. [Link]
  • Obama has abused the AUMF 2001 to justify many of his wars. He used the law to act against the will of Congress by attacking ISIS in 2014. [Link]
  • Israel is moving forward with a bill that will legalize illegal settlements in the West Bank. The settlements are illegal because they were built on privately owned Palestinian land. [Link]
  • In Libya, in the city of Sirte ISIS is nearly defeated. ISIS is holding out in about 10 more buildings. The US conducted nearly 500 airstrikes in support of the offensive. [Link]
  • 73 were killed on Sunday by Syrian and Russian bombs in Syria’s Idlib Providence. Syria is reported to have used barrel bombs in the attack. [Link]
  • Syrian rebel shelling kills a Russian nurse in Aleppo. The rebel shelling hit a field hospital. [Link]
  • Children in Yemen are dying of cancer as the war in the country prevents them from receiving treatment. [Link]
  • Al-Qaeda blows up Yemen’s only oil export pipeline. [Link]

The post News Roundup 12/6/16 appeared first on The Libertarian Institute.

News Roundup 12/6/16 was first posted on December 6, 2016 at 7:21 am.

Sage jumps 8% on expedited development plan for postpartum depression treatment

MarketWatch Market Pulse - 8 hours 24 min ago

Sage Therapeutics Inc. shares rose 8.1% in pre-market trade Tuesday after the company said it had an expedited development plan for its postpartum depression treatment. The new plan for SAGE-547 comes after a formal meeting with the U.S. Food and Drug Administration and would support a potential approval filing with the agency in 2018, the company said. The company expects to release topline data from postpartum depression registration trials in the second half of next year. SAGE-547 was classified as a breakthrough therapy with the FDA in September, which allows the drug to be developed and possibly approved faster. Sage Therapeutics shares dropped 11.1% year-to-date, compared with a 7.9% rise in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Philip Morris submits application to FDA for heated tobacco product

MarketWatch Market Pulse - 8 hours 25 min ago

Altria Group Inc. said Tuesday that Philip Morris International Inc. has submitted a modified risk tobacco product application for an electronically heated product with the U.S. Food and Drug Administration. The FDA is now expected to decide whether to accept the application for substantive review, Altria said in a statement. If approved, Altria would have an exclusive right to sell the heated tobacco product in the U.S. Heated tobacco products heat tobacco enough to produce an inhalable steam, but do not reach the point of combustion that requires inhaling smoke into the lungs. Altria shares were slightly lower premarket, but have gained 9% in the year to date, while the S&P 500 has gained 7.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Apple's stock rallies after CEO Cook tries to reassure investors

MarketWatch Market Pulse - 8 hours 27 min ago

Shares of Apple Inc. climbed 1% in premarket trade Tuesday, after Chief Executive Tim Cook sought to reassure investors that the Apple Watch was selling well. In an email to Reuters, Cook said Apple Watch sales to consumers set a record in the holiday week, and that it was doing great and looks to be one of the most popular holiday gifts, and that sales growth was off the charts. However, Cook did not provide actual sales data. His email followed a report by IDC that third-quarter Apple Watch shipments plunged 71% versus a year ago. Apple's stock has gained 3.7% in 2016 through Monday, while the SPDR Technology Select Sector ETF has climbed 10.1% and the Dow Jones Industrial Average , of which Apple is a component, has run up 10.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Saad Hariri: Desperate needs, desperate deeds

MiddleEasteye - 8 hours 33 min ago

With finances dwindling and problems in Saudi, it should come as no surprise that Hariri has turned his attentions back on Lebanon

Equinix to acquire portfolio of 24 data center sites from Verizon for $3.6 billion in cash

MarketWatch Market Pulse - 8 hours 36 min ago

Equinix Inc. said Tuesday it has agreed to acquire a portfolio of 24 data center sites from Verizon Communications Inc. in an all-cash deal valued at $3.6 billion. The sites consist of 29 data center buildings across 15 metro areas. The deal will increase interconnection in the U.S. and Latin America, allow the company expand in new markets in Bogota, Culpeper and Houston, and move the company into enterprise and strategic sectors, including government and energy. Equinix is an operator of data centers in the America, Europe and the Asia-Pacific region. The deal is expected to close by mid-2017. Equinix shares were slightly higher premarket, and are up 10% in the year to date, while the S&P 500 has gained 7.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Iraq army launches fresh Mosul assault, targeting Mosul bridge

Top Reuters News - 9 hours 11 min ago
BAGHDAD/ERBIL, Iraq (Reuters) - Iraqi army units advanced from southeast Mosul towards a bridge across the Tigris in the city center on Tuesday, in an attack that could give fresh impetus to the hard fought, seven-week battle for Islamic State's northern Iraq stronghold.

Synchronoss Tech to acquire Intralinks in $821 million deal

MarketWatch Market Pulse - 9 hours 24 min ago

Synchronoss Technologies Inc. said Tuesday it has agreed to acquire cloud company Intralinks Holdings Inc. in a deal with an equity value of about $821 million. Synchronoss will pay $13 per Intralinks share in a deal expected to close late in the first quarter of 2017. Ron Hovsepian, chief executive of Intralinks, will become CEO of the combined company, with Synchronoss founder and current CEO Stephen Waldis taking the role of executive chairman of the board. "Together with Synchronoss, we believe we can deploy enhanced enterprise and mobile solutions to our customers while opening up new enterprise distribution channels across the world," Hovsepian said in a statement. Synchronoss is expecting the deal to have no impact on its fourth-quarter financials. It offered initial 2017 guidance of revenue of between $810 million and $820 million and pro forma EPS of $2.45 to $2.60. The company is targeting $40 million of combined synergies within the first year of closing. Intralinks shares were indicating higher premarket, while Synchronoss shares were halted. S&P 500 futures were up 0.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

AutoZone's stock gains after earnings beat helps offset sales miss

MarketWatch Market Pulse - 9 hours 32 min ago

Shares of AutoZone Inc. rose 0.8% in premarket trade Tuesday, after the auto parts retailer reported fiscal first-quarter earnings that beat expectations, but sales that came up a bit short. Earnings for the quarter to Nov. 19, rose to $278.1 million, or $9.36 a share, from $258.1 million, or $8.29 a share, in the same period a year ago. The FactSet consensus for earnings per share was $9.31. Revenue increased 3.4% to $2.47 billion from $2.39 billion, below the FactSet consensus of $2.49 billion. Domestic same-store sales grew 1.6%, missing the FactSet consensus of 2.1%. Total auto parts sales, excluding domestic commercial, rose to $1.93 billion from $1.87 billion, matching the FactSet consensus of $1.93 billion. The stock gained 4.7% year to date through Monday, while the S&P 500 has climbed 7.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Aleppo girl Bana Alabed back online

MiddleEasteye - 9 hours 34 min ago
Language Undefined

The Twitter account Bana Alabed shares with her mother was deleted on Sunday as army troops pushed into east Aleppo

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