California universities graduated the greatest total number of founders whose companies attracted funding, and the state was by far the most popular place to set up shop. Schools in 45 states have graduated entrepreneurs, yet 81% of the companies we looked at are located in three states.
Where they set up companies
New York 213
Less people, less mouths to feed and fewer socks to buy. China had to limit pop growth because of they WERE unable to produce enough food with their ox driven plows and human waste fertilizers. Well, thanks to our capitalists exported all those manufacturing jobs, they have money to buy our pork and soy.
With that said, our demographic shift was foreseen in the 90s if not before. When I was college, overpopulation was a big topic in form room discussions. Hence big push for birth control and vasectomy for college grads. So far so good in mho.
HP Inc. posts mixed results, issues mixed guidance; shares lower
HP Inc. (NYSE:HPQ): FQ2 EPS of $0.41 beats by $0.03.
Revenue of $11.59B (-11% Y/Y) misses by $130M.
Expects FQ3 EPS of $0.37-$0.40, below a $0.41 consensus.
Expects FY16 (ends Oct. '16) EPS of $1.59-$1.65 vs. a $1.59 consensus.
Shares -2.6% after hours.
Hillary Clinton "did not comply" with State Department policies when she chose to use a personal email account to conduct government business, according to an inspector general's report released Wednesday.
The State Department faulted Clinton and previous secretaries of state for poorly managing email and other computer information and for slowly responding to new cybersecurity risks.
The report cites "longstanding, systemic weaknesses" related to communications that precede Clinton's appointment as secretary of state. The State Department singled out Clinton's failures as "more serious," however, according to the Associated Press.
Harvard economist and former Obama adviser Larry Summers recently highlighted this troubling trend in a Washington Post op-ed warning about future recessions. He notes that during previous bouts of low federal investment, the US was enjoying “peace dividends” in the wake of the post Vietnam and Cold Wars. This time around, he says, the lack of federal investment is a sign of counter-productive budget cutting.
If not for Sanders, Billary would pay little attention to Bernie's passion on income inequality, wall street follies, election financing, adjust frozen minimum wage and employee rights. Feel the Bern!
April new home sales at a seasonally adjusted annualized rate of 619K were a full 16.6% above the upwardly revised March print, and 23.8% higher than year-ago levels. The number also flew past expectations for just a 2% rise to 523K.
Sales in the Northeast of 55K gained from 36K in March; Midwest of 60K down from 63K; South of 352K vs. 304K; West of 152K vs. 128K.
It is unfortunate that over 50% of the people are under represented in the board rooms because of their lousy record. As is, GM and IBM CEOs are the only mediocre woman leaders who have not failed yet in mho:
When Ursula Burns was named CEO of Xerox in 2009, she was heralded as the first black woman to lead an S&P 500 company. No one thought she would be the last.
But with her plans to step down later this year, there will be no black women leading the 500 biggest US companies, and only 19 female CEOs at all, fewer than 4%. The numbers are even more grave for African-Americans; according to Fortune, there have only been 15 black CEOs in the Fortune 500 ever.
Oklahoma Governor Mary Fallin has vetoed a bill that would make abortion a criminal offence in the US state.
Although she opposes abortion, she said the measure was vague and would not withstand a legal challenge.
The state senate on Thursday backed the bill that would have punished doctors who terminate a pregnancy with up to three years in prison. They would also be barred from practising medicine.
Trump is just another curmudgeon. There should be rule that no one older than 64 should run of office, any office. Companies don't go out to look for CEO's over 64. yet we have Billary and Tump pushing 70's.
Those do-nuthin are taking in salaries and eating up platinum perks all the same:
Airlines say lines are long because TSA is understaffed while travel is expected to hit a record high this summer. Congress has advanced TSA money to hire 768 more screeners and pay overtime this summer, but airlines say that won't be good enough.
They have zeroed in on a 2013 budget bill in which Congress raised security fees on airline tickets and ordered the Homeland Security Department to set aside $12.6 billion over 10 years to reduce the deficit, including $1.25 billion this year.
"That decision has come home to roost," said Nick Calio, president of the airline trade group. He said in a letter to senators that Congress should immediately put that money into screening passengers, "where it belongs."
In the past three years, the TSA and Congress cut the number of front-line screeners by 4,622 — or about 10 percent — on expectations that an expedited screening program called PreCheck would speed up the lines. However, not enough people enrolled for TSA to realize the anticipated efficiencies.
Congress this week did agree to shift $34 million in TSA funding forward, allowing the agency to pay overtime to its existing staff and hire an extra 768 screeners by June 15 to bring it up to the congressionally mandated ceiling of 42,525.
But that might barely make a dent on the lines. This week, the president of the union representing the TSA officers sent a letter to congressional leaders suggesting that 6,000 additional screeners are needed. J. David Cox, Sr. wrote that the $34 million just provides “a small amount of temporary relief for travelers” and defers dealing with the long-term, larger problem.
Additionally, the agency loses about 100 screeners a week through attrition.
Airlines and airports have hired extra workers to handle non-security tasks at checkpoints — such as returning empty bins to the beginning of the line — as part of an effort to free up as many TSA employees to handle passenger screening.
The help can’t come quickly enough.
Friday morning, American Airlines held at least five flights at Dallas-Fort Worth International Airport because of passengers stuck at security lines, according to airline spokesman Ross Feinstein. ...
On the 7:20 a.m. flight to Las Vegas, 52 of the 160 passengers were not onboard 10 minutes before departure. American held the plane an extra 13 minutes past its scheduled pushback from the gate, allowing 23 passengers to hop onboard. However, 29 still missed the jet and arrived on later flights. ...
China said it would persist with controversial tax rebates to steel exporters to support the sector's painful restructuring, defying a United States move to impose punitive import duties on Chinese steel products.
A worldwide steel glut has become a major trade irritant, with China under fire from global rivals who say it is dumping cheap exports after a slowdown in demand at home.
In a marked escalation of the spat, the United States on Tuesday said it would impose duties of more than 500 percent on Chinese cold-rolled flat steel, widely used for car body panels, appliances and in construction.
However, China's Ministry of Finance said it would "continue to implement a tax rebate policy on steel exports" as it tries to finance a costly capacity closure plan.
By far the world's largest steel producer, China plans to eliminate 100-150 million tonnes of annual production - more than the U.S. produces per year - over the next five years. The cabinet said central government-controlled firms will cut steel and coal production capacity by a tenth in 2016-17.
The finance ministry said China was making special funds available to curb overcapacity in both steel and coal and would reward local authorities for exceeding their targets and meeting them early.
"... I mean, instead of being bewildered by Trump's popularity and simply saying that the reason people support him is because they are stupid (code for rural?), which of course makes us the smart people so lets continue patting ourselves on the back ad nauseam, why not actually examine why people are voting for him. For me, the oddest thing about Trump is that the vast majority of people I meet are pretty much just like him. Sure, his racist and sexist comments may be offensive (though on the level of an insufferable teenager looking to shock people), but his entire mindset of blind ego, of rejecting criticism or critical thought without so much as considering his own fallibility, of endless bragging and boasting, of considering his ego and needs to be infinitely more important than the rights of others...yea that's just about the entire city of 'XYZ (a community on the left coast)' right there. Why not examine that (and ourselves) instead of just continuing to congratulate ourselves for being the smart people? ..."
Federal Reserve Bank of Atlanta's wage growth tracker:
This metric showed that the median employee saw pay rise 3.4 percent year-over-year as of April, setting a new record for this expansion.
Bespoke Investment Group argues that the Atlanta Fed wage growth tracker "is probably a better snapshot of wage growth than average hourly earnings," which is published by the Bureau of Labor Statistics in the non-farm payrolls report.
One key difference between the Atlanta Fed's measure and the commonly-reported BLS metric is that the latter is plagued by composition effects, according to the analysts.
That is to say, the BLS print would show that average hourly earnings declined in the event that a baby boomer retired and was replaced by a millennial working for three-quarters of that pay. The Atlanta Fed, meanwhile, tracks how wage pressures for the same individuals evolve over time, thereby removing this cohort effect.
Core CPI rises an inline 0.2% in April
May 17 2016, 08:30 ET | By: Stephen Alpher, SA News Editor [Contact this editor with comments or a news tip]
April Consumer Price Index: 0.4%, 0.3% consensus, 0.1% prior.
Core CPI 0.2%, 0.2% consensus, 0.1% prior.
for all items less food and energy rose 2.1 percent over the last 12 months,
compared to a 2.2-percent rise for the 12 months ending March.
Local Merc News had an article on visa abuse last week. Jist is B1/B2 was worse:
Eastern European workers at the Tesla plant weren’t covered by the visa best known in Silicon Valley — the H-1B. It allows a limited number of highly skilled workers — 85,000 this fiscal year — into the country. Prominent tech companies have fought for an expansion of the program, saying the U.S. is not producing enough workers with advanced skills.
By contrast, the B1/B2 visa secured for Lesnik is far more common — the U.S. issued 6.2 million business visas in fiscal year 2014. It allows foreigners to enter the country for pleasure and limited work purposes — for example, to negotiate contracts, supervise or train U.S. workers in a specialized skill, or attend a conference — but it broadly bans the holder from performing hands-on jobs that U.S. workers can do. The visa allows workers to stay in the U.S. for up to six months at a time.
Critics say the B1 system appears to be broken. While consular officers check to see that workers will return home, less attention is paid to the work they perform in the U.S.
The old guards like Romney and McCain and Bushes etc are adding fuel to the fire by the scorch earth Clinton political machine.
We used to label Mitt the etch-sketcher. Trump is in a class all by himself with his ever changing views as often as every hour. His foreign policy speech was almost as bad as Palin's interviews with Katie. GOP party is disintegrating without any help from the democrats.
Mitt Romney, the 2012 GOP nominee, wrote a lengthy Facebook post Wednesday ripping the real-estate magnate, saying his current refusal could signal a"bombshell of unusual size" existing in the tax returns.
"It is disqualifying for a modern-day presidential nominee to refuse to release tax returns to the voters, especially one who has not been subject to public scrutiny in either military or public service," Romney wrote on Wednesday.
"Tax returns provide the public with its sole confirmation of the veracity of a candidate's representations regarding charities, priorities, wealth, tax conformance, and conflicts of interest," he continued. "Further, while not a likely circumstance, the potential for hidden inappropriate associations with foreign entities, criminal organizations, or other unsavory groups is simply too great a risk to ignore for someone who is seeking to become commander-in-chief."