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Showing posts with label #economy. Show all posts
Showing posts with label #economy. Show all posts

Thursday, December 31, 2015

#Trump2016 'ALL You #Americans are FIRED !!!" #Trump #MakeAmericaGreatAgain

Melissa Wood for BuzzFeed News

The H-2 guest worker program, which brought in 150,000 legal foreign workers last year, isn’t supposed to deprive any American of a job. But many businesses go to extraordinary lengths to deny jobs to U.S. workers so they can hire foreigners instead. A BuzzFeed News investigation.
MOULTRIE, Georgia — “All you black American people, fuck you all…just go to the office and pick up your check,” the supervisor at Hamilton Growers told workers during a mass layoff in June 2009.
The following season, according to a lawsuit filed by the Equal Employment Opportunity Commission, about 80 workers, many of them black, were simply told: “All you Americans are fired.”
Year after year, Hamilton Growers, which has supplied squash, cucumbers, and other produce to Wal-Mart and the Green Giant brand, hired scores of Americans, only to cast off many of them within weeks, according to the U.S. government. And time after time, the grower filled the jobs with foreign guest workers instead.
Although Hamilton Growers eventually agreed to pay half a million dollars to settle the suit, company officials said the allegations are baseless. Mass firings never happened, they said, nor did anyone use racially inflammatory language. But workers tell a different story.
“We want to go to work and work all day,” said Derrick Green, 32, a father of six who said he was fired by Hamilton Growers in 2012 after only three weeks picking squash. “But they don’t want that.”
Last year, thousands of American companies won permission to bring a total of more than 150,000 people into the country as legal guest workers for unskilled jobs, under a federal program that grants them temporary work permits known as H-2 visas. Officially, the guest workers were invited here to fill positions no Americans want: The program is notsupposed to deprive any American of a job, and before a company wins approval for a single H-2 visa, it must attest that it has already made every effort to hire domestically. Many companies abide by the law and make good-faith efforts to employ Americans.
Yet a BuzzFeed News investigation, based on Labor Department records, court filings, more than 100 interviews, inspector general reports, and analyses of state and federal data, has found that many businesses go to extraordinary lengths to skirt the law, deliberately denying jobs to American workers so they can hire foreign workers on H-2 visas instead.
A previous BuzzFeed News report found that many of those foreign workers suffer a nightmare of abuse, deprived of their fair pay, imprisoned, starved, beaten, sexually assaulted, or threatened with deportation if they dare complain.
At the same time, companies across the country in a variety of industries have made it all but impossible for U.S. workers to learn about job openings that they are supposed to be given first crack at. When workers do find out, they are discouraged from applying. And if, against all odds, Americans actually get hired, they often are treated worse and paid less than foreign workers doing the same job, in order to drive the Americans to quit. Sometimes, as the government alleged happened at Hamilton Growers, employers comply with regulations by hiring Americans only to fire them en masse and hand over the work to foreign workers with H-2 visas.
What’s more, companies often do this with the complicity of government officials, records show. State and federal authorities have allowed companies to violate the spirit — and often the letter — of the law with bogus recruitment efforts that are clearly designed to keep Americans off the payroll. And when regulators are alerted to potential problems, the response is often ineffectual.
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Tuesday, August 25, 2015

#BlackMonday SILICON VALLEY IS HEADED FOR DISASTER, AND NO ONE CAN SAVE IT @Breitbart


San Francisco, heartland of wacky progressive politics but also home to some of America’s most innovative technology companies, is in trouble. Not just trouble, actually, but serious shit.

And the main reason is China. The Wall Street Journal has a good explainer on what’s going on over there, but the basic thing you need to understand is that a lot of glossy American stocks are about to take a tumble, especially tech stocks.
Chinese businessmen, drama queens that they are, have started throwing themselves off Beijing skyscrapers. That makes for good headlines, but it’s also a warning sign to American entrepreneurs and investors thanks to the influence on global markets that China is already having.
(Don’t feel too bad for these suicidal fat cats, by the way: their falls are being cushioned by the bodies of Foxconn factory workers assembling iPhones.)
Talking heads on CNBC are gearing up to sound smart about a crisis they should have seen coming months ago. But if you want a quick economic primer on what’s about to happen to America’s young tech giants, here it is.
Expensive stocks take the hit first when things go wrong in the wider economy. Technology companies are getting blasted because, frankly, there is fat on the bone. But there are two other factors in play: first, all tech companies are to some degree punts or speculation.
No one needs a new formula for mac and cheese every year, but innovation requires punts on better ways of doing things in the future that may or may not pan out. Set aside consulting, data storage, and a few business-to-business services, and technology as a category looks hugely vulnerable.
That’s not only because tech investors are making risky bets but because America’s technology darlings aren’t exactly making good on Silicon Valley’s legacy. Microsoft, Cisco, IBM and a few other businesses of the old guard have a reasonable claim to being the companies that run the world, but Twitter and Facebook? Not so much – whatever their crazy valuations.
You see, as much as global financial concerns are going to hit tech companies harder than other sorts of enterprise, so too will their own lack of ambition. The ugly truth is that Silicon Valley has largely given up trying to fix big problems and has retreated into photo-sharing apps and productivity tools. That may sound harsh, but just look at some of the absurd and pointless startups that are getting vast checks written and tell me that founders don’t need a kick up the ass and a reminder that no one has solved batteries yet.
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Wednesday, January 21, 2015

#Obama is the main obstacle to economic growth

Obama is the main obstacle to economic growth

WASHINGTON — No matter what President Obama said about the state of our union Tuesday night, the economy’s prognosis is not good.
Who says so? A hefty majority of the American people in a new Washington Post/ABC News poll that sought their opinion about the economy’s health. Roughly six in 10 said it was “not so good” or “poor.”
Six years into Obama’s painfully slow recovery, jobs are hard to come by in many parts of the country and wages remain flat. Hourly earnings actually fell last month, the U.S. Labor Department reported last week.
It’s gotten so bad that Obama’s own secretary of labor, Thomas Perez, publicly complained that the administration needed to get busy to “address the business of stubbornly low real wage growth.”
Life has gotten much worse under Obama’s presidency for many others we don’t hear much about on the nightly news. A recent study by the Southern Education Foundation said that for the first time in half a century, a majority (51 percent) of public school students are living beneath the poverty income line
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Sunday, June 22, 2014

China Spells Doom For the U.S. Economy


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For several years, stories predicting the collapse of the U.S. dollar have been floating in the blogosphere, only shrouded in enough facts to win over the most conspiracy-minded Americans. Unfortunately, some of the more extreme rhetoric has caused observers to miss the glaring threat staring us right in the face – the People’s Republic of China.
China, responsible for more worldwide trade than any other country on the planet, currently possesses more than a trillion dollars of U.S. debt. When you look at that big national debt clock, rest assured that a healthy chunk of it is owed to the Chinese. Much of this debt is due not to real estate holdings or bailout schemes, but a scheme of China’s own device which included stockpiling American currency and then loaning it back to us at outrageously low interest rates.

Saturday, January 25, 2014

POLL: 5 yrs after “Obama recovery,” 74% Americans say we’re still in recession. Senate should act on House jobs bills

As President Obama starts his sixth year in office, his job ratings remain near record lows and more voters think his policies have hurt rather than helped the economy.  And even as voters continue to hold mostly negative views on the economy and the direction of the country, a new Fox News poll finds they see some improvement.
A third of voters say they like both Obama and his policies -- a dramatic drop from 47 percent who felt that way in October 2012.  In addition, 62 percent now say they dislike the president’s policies, up from 51 percent the month before his re-election.
Voters aren’t impressed with Obama’s economic policies:  while 27 percent think they’ve helped, a 40-percent plurality says they’ve hurt the economy.  And another 33 percent don’t think the president’s policies have made much difference either way.