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Uber Fined $7 Million For Hiding Information

Associated Press | Andrew Hart | July 15, 2015 | Business
SAN FRANCISCO (AP) — Uber picked up a hefty tab Wednesday when a judge fined the taxi-alternative company $7.3 million for refusing to give California regulators information about its business practices, including when its drivers turn down ride requests and how accessible vehicles are to disabled riders....

Bradian, B.C. Ghost Town For Sale Once Again

The Huffington Post B.C. | Rhianna Schmunk | July 15, 2015 | Canada British Columbia
It's listed privately for $1.2 million.

Neil Young Leaves Music Streaming Services Over Sound Quality

The Huffington Post Canada | Jesse Ferreras | July 15, 2015 | Canada Business
"I don't feel right allowing this to be sold to my fans. It's bad for my music."

Vancouver Trump Tower Video Of Illegal Climb Is Terrifying

The Huffington Post B.C. | Rhianna Schmunk | July 15, 2015 | Canada British Columbia
The video is terrifying.

California Cheerleaders Win The 'Right' To Be Treated Like Normal Workers

The Huffington Post | Maxwell Strachan | July 15, 2015 | Sports
California Governor Jerry Brown signed a bill into law Wednesday that will provide cheerleaders for professional sports teams in the state the same basic rights as the rest of the team’s employees. The bill, which was created by state assemblywoman Lorena Gonzalez (D-San Diego), comes...

Janet Yellen To Jobless African-Americans: You're On Your Own

The Huffington Post | Daniel Marans | July 15, 2015 | Politics
Federal Reserve Chair Janet Yellen told members of the House of Representatives in a hearing on Wednesday that the Fed's concerns about inflation limit its ability to address high African-American unemployment.  “So, there really isn’t anything directly the Federal Reserve can do to affect the structure of unemployment across groups,” Yellen said during the House Financial Services Committee’s semiannual hearing on Federal Reserve policy. “And unfortunately, it’s long been the case that African-American unemployment rates tend to be higher than those on average in the nation as a whole.” The African-American unemployment rate was 9.5 percent in June, nearly twice the rate of 5.3 percent in the population overall. But Yellen said that the Fed’s ability to address this problem was limited by its commitment to keeping inflation under 2 percent. Yellen’s remarks were in response to a question posed by Rep. Joyce Beatty (D-Ohio) as to whether the Fed was taking the high rate of African-American unemployment into account when assessing the health of the labor market. Beatty was one of several African-American committee members, including ranking member Rep. Maxine Waters (D-Calif.), who enjoined Yellen to consider the disproportionately high rate of African-American unemployment in deciding when to raise interest rates.   At the hearing, Yellen reaffirmed the Fed’s previous indications that it would raise interest rates before the year’s end. "If the economy evolves as we expect, economic conditions likely would make it appropriate at some point this year to raise the federal funds rate," Yellen said in her prepared testimony. (function(){var src_url="";if (typeof(commercial_video) == "object") {src_url += "&siteSection="+commercial_video.site_and_category;if (commercial_video.package) {src_url += "&sponsorship="+commercial_video.package;}}var script = document.createElement("script");script.src = src_url;script.async = true;var placeholder = document.querySelector(".js-fivemin-script");placeholder.parentElement.replaceChild(script, placeholder);})();   Maintaining price stability is one-half of the Fed’s dual mandate, together with maximizing employment. If the Fed prints more money, it spurs higher employment, ultimately putting upward pressure on prices. If it tightens the monetary supply, by raising interest rates, it keeps prices low, but also depresses employment.  Many progressive economists and activists fault the Fed for continuing to prioritize the inflation part of its dual mandate at the expense of full employment. It is a tendency they say disproportionately affects African-Americans, who already suffer from high unemployment and discrimination in the job market. Jordan Haedtler, deputy campaign manager of the Center for Popular Democracy’s Fed Up campaign, which mobilizes communities of color for pro-employment Fed policy, said that Yellen’s Wednesday remarks are a reflection of this approach. “It is indicative of the Fed’s continued emphasis on inflation even in the face of nonexistent inflation,” Haedtler said. “They are myopically focused on one portion of their dual mandate while ignoring another. If the Fed is saying that the economy is on enough of a positive trajectory to raise rates, they are saying they are OK with 9.5 percent black unemployment.” The Fed Up campaign wants the Federal Reserve to wait for more significant wage growth before raising rates. It is also encouraging regional Federal Reserve banks, along with Fannie Mae and Freddie Mac, to sell homes with delinquent mortgages to nonprofit organizations that are more likely to refurbish them. Currently, Fed Up claims, the homes often go to for-profit buyers who leave them in disrepair, limiting the economic recovery in many urban communities of...

Chicago Set To Have Highest Sales Tax Of Any Major U.S. City

The Huffington Post | Kim Bellware | July 15, 2015 | Business
  CHICAGO -- The City of Big Shoulders is adding to its distinguishing features, with a sales tax set to climb to the highest of any major U.S. city.  Cook County commissioners voted 9-7 Wednesday to raise the sales tax 1 percentage point to a whopping...

Greek Protesters Clash With Police As Parliament Debates Austerity Bill

Reuters | Eline Gordts | July 15, 2015 | World
(function(){var src_url="";if (typeof(commercial_video) == "object") {src_url += "&siteSection="+commercial_video.site_and_category;if (commercial_video.package) {src_url += "&sponsorship="+commercial_video.package;}}var script = document.createElement("script");script.src = src_url;script.async = true;var placeholder = document.querySelector(".js-fivemin-script");placeholder.parentElement.replaceChild(script, placeholder);})(); ATHENS, July 15 (Reuters) - Protesters threw petrol bombs at Greek police outside parliament in Athens on Wednesday...

Greek Parliament Approves Austerity Bill

Associated Press | Eline Gordts | July 15, 2015 | World
Greece's Parliament has approved an austerity bill demanded by bailout creditors, despite a significant level of dissent from the governing leftist Syriza party. The bill to impose sweeping tax hikes and spending cuts was approved with the support of three pro-European opposition parties. Several prominent members of Prime Minister Alexis...

Canada's Best Reputation In The World Title Has Been Recovered: Study

The Huffington Post Canada | Jesse Ferreras | July 15, 2015 | Canada Business
Congratulations, Canada. You're the world's coolest country again.

Donald Trump's Team Says His 'Massive' Net Worth Is More Than 'TEN BILLION DOLLARS'

The Huffington Post | Igor Bobic | July 15, 2015 | Politics
(function(){var src_url="";if (typeof(commercial_video) == "object") {src_url += "&siteSection="+commercial_video.site_and_category;if (commercial_video.package) {src_url += "&sponsorship="+commercial_video.package;}}var script = document.createElement("script");script.src = src_url;script.async = true;var placeholder = document.querySelector(".js-fivemin-script");placeholder.parentElement.replaceChild(script, placeholder);})(); WASHINGTON -- Donald Trump usually can't go more than a minute without reminding everyone about his huge crowds,...

Facebook Controls What News People Read. That’s A Problem

The Huffington Post | Alexis Sobel Fitts | July 15, 2015 | Technology
Facebook has come a long way from the little social site launched to help us chat and flirt and cyber-stalk friends. It directs web traffic to a large portion of the Internet, it commands a huge share of mobile advertising and, increasingly, it has become the arbiter of information. 

Former Greek Finance Minister Varoufakis Calls Bailout Deal Reforms 'Fiscal Waterboarding'

The Huffington Post | Nick Robins-Early | July 15, 2015 | World
Former Greek finance minister Yanis Varoufakis published a blog on his website Wednesday providing a line-by-line takedown of the July 12 Euro Summit statement on Greece's proposed 86 billion euro bailout deal. The terms of the deal are controversial and include many of the harsh austerity measures that Greece's left-wing Syriza...

Former Medicare Head To Head Lobbying For Health Insurance Companies

The New York Times | Sam Levine | July 15, 2015 | Politics
WASHINGTON — Marilyn B. Tavenner, the former Obama administration official in charge of the rollout of, was chosen on Wednesday to be the top lobbyist for the nation’s health insurance industry. Ms. Tavenner, who stepped down from her federal job in February, will become president and...

Amazon's New Discount Holiday Seems Awfully Familiar

The Huffington Post | Alexander C. Kaufman | July 15, 2015 | Business
NEW YORK -- Amazon seems to have taken a page from Alibaba's playbook. Since 2009, the Chinese Internet goliath has held a discount holiday, called "Singles Day," on Nov. 11.  Amazon just launched its own day of deals -- "Prime Day" -- on July 15. Billed...

Pharrell Williams And Robin Thicke Score $2 Million Back In 'Blurred Lines' Case

Julia Brucculieri | July 15, 2015 | Entertainment
A judge on Tuesday trimmed more than $2 million from a verdict against Robin Thicke and Pharrell Williams over their hit "Blurred Lines," but Marvin Gaye's family will also get a significant share of future earnings from the 2013 hit song. U.S. District Judge John...

New York City Is Turning Smart Garbage Bins Into Free WiFi Hotspots

Jenny Che | July 15, 2015 | Business
This story originally appeared on Citylab.  Garbage cans may no longer be just for junk. Bigbelly, a Massachusetts-based waste management company, is hoping to turn its trash and recycling bins into wireless hotspots throughout New York City. The project began in downtown Manhattan, where...

Colorado Rejects Giving PTSD Patients Access To Medical Marijuana

Matt Ferner | July 15, 2015 | Politics
Colorado rejected adding post-traumatic stress disorder to the list of conditions that qualify for treatment with medical marijuana on Wednesday. After hours of emotional testimony from researchers, veterans and others who suffer from PTSD, the state Board of Health voted 6-2 not to include the disorder on...

People Actually Bought These Awful Things On Amazon's 'Prime Day'

Damon Beres | July 15, 2015 | Technology
Amazon is celebrating its 20th birthday with a massive sale on all the microfiber towels, compression leg sleeves and delicious oral rinse that shoppers can get their hands on. The "Prime Day" sale Wednesday is said to offer "more deals than Black Friday," and while there...

Seniors On Food Stamps May Be Able To Get Groceries Delivered

Arthur Delaney | July 15, 2015 | Politics
WASHINGTON -- Some American seniors will be able to use food stamp benefits to have groceries delivered to their homes under a new initiative the government announced this week.  The U.S. Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, is seeking as many as 20...
All posts from 07.15.2015 < 07.14.2015