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Member since: Mon Jul 2, 2007, 06:46 PM
Number of posts: 12,704

Journal Archives

S&P just downgraded the UK

Source: Business Insider

Akin Oyedele

S&P Global Ratings on Monday downgraded the United Kingdom's credit rating to "AA" from "AAA", with a "negative" outlook on the country.

The downgrade from the highest rating awarded by the agency comes following the UK's surprising vote to leave the European Union last week.

A store closing sale banner stating "Everything Must Go" on a window next to the colors of the Union flag in the City of London, Friday, June 24, 2016. Matt Dunham/AP

Read more: http://www.businessinsider.com/sp-downgrades-uk-credit-rating-to-aa-from-aaa-2016-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29
Posted by workinclasszero | Mon Jun 27, 2016, 02:12 PM (27 replies)

Dump Trump Movement Planning for Convention Floor Fight

JUN 26 2016, 11:16 PM ET

The grassroots movement aimed at ousting Donald Trump at the Republican National Convention is planning for a convention floor fight, hiring staff, establishing a command center in Cleveland and rolling out ads in key states over the next week.

Organizers of the effort held their second weekly conference call Sunday night.

Former Bogota, New Jersey, Mayor Steve Lonegan, a Ted Cruz supporter and spokesman for a super PAC backing the effort, said he plans to hire East, West and Central regional field directors to begin building a "comprehensive list of every single delegate" to get to know their interests and issues.

Posted by workinclasszero | Mon Jun 27, 2016, 01:22 PM (6 replies)

Brexit crash wiped out a record $2.1 trillion. Now what?

Source: CNN

A record $2.1 trillion was wiped out from global markets on Friday.

That means more money vaporized as a result of the Brexit crash than any single market day ever, according to S&P Dow Jones Indices.

It eclipses the $1.9 trillion that was erased on September 29, 2008 when the U.S. Congress infamously voted down the Wall Street bailout. The larger losses in the Brexit fallout partially reflect the fact that markets are retreating from higher levels these days.

Read more: http://money.cnn.com/2016/06/27/investing/brexit-consequences-2-trillion-lost/index.html?iid=hp-stack-dom
Posted by workinclasszero | Mon Jun 27, 2016, 12:37 PM (12 replies)

LIVE Stream: Hillary Clinton and Elizabeth Warren Rally in Cincinnati, Ohio (June 27, 2016)-VIDEO

Posted by workinclasszero | Mon Jun 27, 2016, 12:33 PM (0 replies)

Dow, off 310, slammed again on "Brexit Blues"

Source: USA Today

Wall Street is suffering from a serious case of the "Brexit Blues."

The hangover from the U.K.'s decision to exit the European Union continues to weigh on risk assets around the world Monday, with U.S. stocks down anywhere from 1.5% to 2% in early-morning trading and European stocks falling again.

Read more: http://www.usatoday.com/story/money/markets/2016/06/26/tokyo-markets-higher/86419758/
Posted by workinclasszero | Mon Jun 27, 2016, 11:01 AM (17 replies)

Trump fuels Democrats' slim House hopes

Democrats believe Donald Trump's unpopularity has opened a narrow path to challenge for the House. But they have to scramble to help cash-poor candidates to get there.
By THEODORIC MEYER 06/27/16 05:11 AM EDT

Democrats are scrambling to make the most of the unexpected yet slender opportunity Donald Trump has given them to challenge for the House majority.

Party operatives increasingly believe that Trump’s unpopularity could create a wave that would endanger Republicans’ 30-seat edge in the House. Now, Democrats are diving into the forbidding district-by-district math, scrutinizing under-the-radar and cash-starved House candidates who haven’t gotten attention from Washington thus far, to try and get their campaigns in good enough fighting shape to take advantage of a potential Trump backlash.

Posted by workinclasszero | Mon Jun 27, 2016, 09:12 AM (2 replies)

The RNC Plans To Turn Bernie Backers Against Hillary Clinton’s VP Pick

In a strategy memo provided to The Huffington Post, the committee outlines how it will attack the top candidates.

06/26/2016 08:00 pm ET | Updated 10 hours ago
Sam Stein Senior Politics Editor, The Huffington Post

The Republican National Committee is planning to cleave liberal voters away from Hillary Clinton as part of a campaign to counteract her forthcoming pick of a vice presidential running mate.

In a detailed memo outlining its strategy to combat Clinton’s VP choice, the committee says it will frame the selection as both a cynical play to certain constituencies and as an emotional letdown for voters who backed Sen. Bernie Sanders (I-Vt.) in the Democratic primary.

The goals, the memo says, are to “drive wedges between these top contenders and either Clinton and/or traditional Democrat constituencies, such as labor, environmentalists, and gun control advocates, and other traditional left-wing constituencies;” and “(w)here applicable, frame the choice as an insult to the large, deep base of Bernie Sanders supporters who are struggling with the notion of supporting Hillary Clinton as the presumptive Democrat nominee.”

Posted by workinclasszero | Mon Jun 27, 2016, 07:36 AM (31 replies)

Sanders national press secretary leaving campaign

By DANIEL STRAUSS 06/26/16 09:10 PM EDT Updated 06/26/16 09:59 PM EDT

Sen. Bernie Sanders' national press secretary has decided to leave the campaign, she confirmed on Sunday night.

"I believe my time at the campaign has come to an end," she told POLITICO. "I'm very proud of the work we have done and am now looking forward to helping elect down-ballot Democrats and do all I can to ensure a Democrat is the 45th president of the United States."

Posted by workinclasszero | Mon Jun 27, 2016, 07:15 AM (5 replies)

Democrats Approve Marijuana Platform Plank

By Tom Angell on June 25, 2016

Members of a Democratic National Committee panel responsible for drafting the party’s 2016 platform have approved a plank calling for broad marijuana law reform.

Read more http://www.marijuana.com/blog/news/2016/06/democrats-approve-marijuana-platform-plank/

Posted by workinclasszero | Sun Jun 26, 2016, 05:22 PM (42 replies)

Clinton up w/ African Americans (87-5 percent)...

...Latinos (69-22 percent), young voters (53-30), women (52-35)


Trump is toast!
Posted by workinclasszero | Sun Jun 26, 2016, 10:14 AM (23 replies)
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