Sep 25, 2015, 12:51 pm EST
What happens if the government shuts down?
What happens if the government shuts down affects a variety of people. First of all, many U.S. federal workers are given a leave of absence without pay, but will get their pay when the government opens again. Many IRS workers are also put on leave, but some remain working and tax payments are still accepted. Civilian employees for the U.S. Military will also be put on leave, but military personnel continue their work, reports Reuters.
What happens if the government shuts down would also affect certain markets in America. If the shutdown last for too long, government contractors could be affected. Also, the Food and Drug Administration and Securities and Exchange Commission only operate in a limited capacity. Courts will stay open for 10 days after a shutdown and meat inspectors continue to work, Reuters notes. Read
Sep 24, 2015, 2:16 pm EST
CJ Pearson, a conservative black teen, claims he was blocked by the White House on Twitter (TWTR).
CJ Pearson, 13, posted an image to Facebook (FB) that appears to be a screenshot of his account on Twitter. The image allegedly shows him trying to visit the official Twitter handle for President Obama, which is @POTUS. He’s met with a message telling him that he’s been blocked from following the account and viewing its Tweets.
Frank Benenati, the Assistant White House Press Secretary, disputed CJ Pearson’s claim on Twitter. He said that “Nobody is or has ever been blocked from the @POTUS twitter account.” Pearson said he could understand if he was blocked on accident, but that its “Outrageous” that he is being called a liar. Read
Sep 23, 2015, 2:17 pm EST
Hilary Clinton has said she is opposed to the Keystone XL pipeline being made by TransCanada (TRP).
Hilary Clinton said that she sees the Keystone XL pipeline as “a distraction from important work we have to do on climate change.” Her stance on the project earned her praise from fellow liberals and activists, reports CNN.
Hilary Clinton said that she hand’t been speaking about the Keystone XL pipeline because she didn’t want to second guess the President and Secretary of State. She said that she felt a decision would have been made by now, but it hasn’t, which is why she finally voiced her thoughts on the matter, CNN notes. Read
Sep 22, 2015, 1:28 pm EST
Scott Walker announced on Monday that he is pulling his name from the list of 2016 presidential candidates.
Scott Walker’s decision to leave the list of presidential candidates came after a meeting that wall called on Monday by his wife and campaign chairman. He met with advisers for his campaign and it was noted that he wasn’t doing well following the second GOP debate. Following the meeting, Walker decided to pull out of the race, reports Politico.
The second GOP debate of presidential candidates saw Scott Walker giving a lackluster performance. He spoke less than any other candidate and his critics were harsh. A recent poll of candidates showed that Walker popularity with voters was down below 1%, Politico notes. Read
Sep 17, 2015, 12:21 pm EST
The second GOP debate took place last night and several presidential candidates were trading blows.
The second GOP debate in 2015 included 11 candidates, but three stood out among them. These candidates were Donald Trump, Jeb Bush and Carly Fiorina. Fiorina came away from the debate as the winner after taking on both Trump and Bush, reports The Atlantic.
Here are some of the top takeaways from the GOP debate, as collected from Reuters. Read
Sep 16, 2015, 2:10 pm EST
The rise of Donald Trump in the polls, along with Hillary Clinton’s loss of prohibitive front runner status, has created serious political risks for U.S. stocks in general and large banks in particular.
If Donald Trump’s and Hillary’s challengers maintain or improve their standing in the polls as of the end of the year, investors should reduce their exposure to U.S. stocks in general and to large U.S. financial stocks in particular.
According to Fortune, Trump has advocated “Smoot-Haley-style tariffs that would precipitate a trade war and devastate exports.” Read