News 

Democrat Jackie Speier: DNC lawsuit ‘not in the interest of the American people’

“Jackie Speier, a Democrat from California, views the Democratic National Committee’s new lawsuit against the Trump campaign, Russia, and WikiLeaks as a “side-bar” that is “not in the interest of the American people.”” writes Ap Photo J for washingtonexaminer.com. I’m interested in getting to the truth, and if there is criminal conduct that has been engaged in, holding people accountable.”.  Source: washingtonexaminer.com Share This:

Read More
News 

Big American tech companies are snapping up foreign-worker visas, replacing Indian outsourcing firms

“But the overall number of applications is going down, thanks in part to a decrease in applications from Indian outsourcing firms” writes unknown author for cnbc.com. NASSCOM, a trade association which represents India-based IT companies, said that in recent years these companies have increased hiring in the U.S. and reduced the number of H-1B visa applications they submit. Source: cnbc.com Share This:

Read More
News 

The bloody history of April 20: Mass murders, a ‘fake news’ war and environmental disaster

“April 20, 2010 marked the start of one of the largest ecological disasters in U.S. history” writes Kyle Swenson Is for washingtonpost.com. In 1961, April 20 marked the end of the disastrous Bay of Pigs invasion, an ill-planned attack on Fidel Castro’s government organized by elements of the U.S. government. Source: washingtonpost.com Share This:

Read More
News 

China’s ZTE warns US ban could threaten its survival but also hurt American firms

“China’s ZTE said Friday that a U.S. ban on exports to the technology firm could threaten its survival and adversely affect American companies” writes Joan Cros for cnbc.com. It also said that it has introduced compliance training and in 2017 alone, spent over $50 million in an export control compliance program.ZTE said however that it has taken measures against employees who may have been responsible for the incident. Source: cnbc.com Share This:

Read More
News 

China’s ZTE Fires Back at U.S., Calls 7-Year Ban ‘Unacceptable’

“Such a ban would deal a crippling blow to the Chinese company and its aspirations to expand globally” writes Bloomberg News for bloomberg.com. “The denial order not only severely jeopardizes the survival of ZTE, it also hurts the interests of all the partners of ZTE, including a large number of American companies,” said the company.The ban may also stop the company from using Google’s Android operating system, the heart of its smartphones.The forcefully worded statement came days after the U.S. Commerce Department said ZTE had violated the terms of a…

Read More
News 

American Express 1Q profits rise 31 percent, helped by taxes

“New York-based American Express earned a profit of $1.63 billion, or $1.86 a share, compared with a profit of $1.25 billion, or $1.36 a share, a year earlier” writes The Associated Press for seattletimes.com. Like other financial companies, American Express benefited greatly from the new tax law.While pre-tax profits rose 13 percent from a year earlier, the amount of money AmEx paid in taxes fell by 24 percent. Source: seattletimes.com Share This:

Read More
News 

American Express Q1 earnings surge 38%, beat expectations

“First quarter earnings climbed 38% year-over-year to $1.86 per share” reports alphastreet.com. Earnings of credit card service provider American Express Company (AXP) jumped in the first quarter and exceeded estimates as strong cardmember spending and loan growth pushed up revenues.Total revenues net of interest expenses advanced 12% to $9.7 billion, helped by strong cardmember spending and new card additions pursuant to the Hilton portfolio acquisition. Looking ahead, the company expects full-year 2018 revenues to rise 8% and forecasts earnings per share at the high end of its $6.90-$7.30 estimate. Source: alphastreet.com…

Read More
News 

AmEx profit tops estimates on customer spending surge

“FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the NYSE in New York Thomson Reuters (Reuters) – Credit card issuer American Express Co’s quarterly profit topped Wall Street forecasts as a strengthening U.S. economy contributed to higher customer spending” reports businessinsider.com. Shares of New York-based AmEx rose 3 percent in after-market trading on Wednesday. Source: businessinsider.com Share This:

Read More
News 

How Latin America Was Built,

“By 1900, shutterbugs in these Latin American capitals were snapping plush urban parks in Buenos Aires and Mexico City, spaces of leisure for the new bourgeoisie” writes Jason Farago for nytimes.com. Eventually a new generation of Latin American architects and urban designers, less hung up on European models, would transform these capitals once again. Source: nytimes.com Share This:

Read More
Markets News 

Op-Ed Contributor: Fixing the ‘Involuntary Housewife Visa’

“Restrictionists assume a zero-sum math for workers: A job gain for a foreigner is a job loss for an American” reports nytimes.com. But that’s backward, given that skilled individuals create, not take away, jobs, and no economy succeeds by shackling qualified people.By that logic every college graduate who enters the job market would be cause for mourning. Source: nytimes.com Share This:

Read More