Thursday, 2 November 2017

Pizza Hut same-restaurant sales help Yum Brands beat estimates

Pizza Hut same-restaurant sales help Yum Brands beat estimates


FILE PHOTO: A Kentucky Fried Chicken (KFC) bucket of mixed fried and grilled chicken is seen in this picture illustration
FILE PHOTO: A Kentucky Fried Chicken (KFC) bucket of mixed fried and grilled chicken is seen in this picture illustration taken April 6, 2017. REUTERS/Carlo Allegri/File Photo

November 2, 2017

(Reuters) – Yum Brands Inc <YUM.N> reported better-than-expected profit and revenue for the third quarter, as its Pizza Hut chain posted a surprise rise in same-restaurant sales following five quarters of declines.

Sales at Pizza Hut restaurants open at least a year rose 1 percent, compared with the 0.5 percent decline expected by analysts polled by research firm Consensus Metrix.

This helped global same-restaurant sales increase 3 percent, better than the 1.7 percent growth expected by analysts.

Pizza Hut’s same-restaurant sales rose 4 percent in developed markets, which include Continental Europe, Japan and the United Kingdom. Sales in the United States and emerging markets remained flat.

Yum Brands also owns the KFC and the Taco Bell restaurant chains.

Yum Brands’ net income from continuing operations rose to $418 million, or $1.18 per share, in the third quarter ended Sept. 30, from $218 million, or 55 cents per share, a year earlier.

Excluding items, the company earned 68 cents per share.

Revenue was $1.44 billion, compared to $3.31 billion a year earlier, as the company spun off its China business in November last year.

Analysts on average had expected earnings of 67 cents per share on revenue of $1.39 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Bernard Orr)

Source link



source https://capitalisthq.com/pizza-hut-same-restaurant-sales-help-yum-brands-beat-estimates/

Diversity-Visa Jihadi Exposes Democrats’ Bluff on DACA Amnesty, Budget Talks

Diversity-Visa Jihadi Exposes Democrats’ Bluff on DACA Amnesty, Budget Talks


The diversity-visa jihadi has rolled over the Democrats’ audacious plan to win a no-strings amnesty for millions of young DACA illegals during the Christmas budget fight by using activists and skewed polls to bluff and intimidate GOP leaders.

That power-grab was first blocked by President Donald Trump’s October 8 demand that any amnesty complies with his poll-tested list of immigration principles. On Nov. 1, he dramatically stepped up the pressure, telling the media directly that he wanted a quick end to the diversity visa lottery and chain migration:

So we want to immediately work with Congress on the Diversity Lottery Program, on terminating it, getting rid of it. We want a merit-based program where people come into our country based on merit.  And we want to get rid of chain migration.

Chain-migration is also being challenged by a group of GOP Senators who are debating whether they can or should demand a reform of the nation’s chain migration system in exchange for the Democrats’ goal of an amnesty of between 690,000 and 3 million illegals. That debate is needed because any DACA amnesty will also deliver millions of additional Democratic-leaning immigrant voters into polling booths unless the chain-migration rules are changed.

On Oct 31, before Islamic acolyte Sayfullo Saipov drove his rented truck over cyclists in New York, an aide to Oklahoma Sen. James Lankford confirmed the Senator’s interest in ending the chain migration which has effectively doubled the legal immigrant population in the United States to above 30 million. The aide wrote to Breitbart News:

Senator Lankford is for prohibiting chain migration and discouraging future illegal immigration. He wants to settle this DACA issue in a way that actually helps secure our borders and make sure we’re not debating this same problem thirty years from now.

Georgia Sen. David Perdue released a statement highlighting his RAISE bill, the Reforming American Immigration for a Strong Economy Act, which would eliminate the outdated diversity visa lottery and sharply cut chain migration:

President Trump is right, the Diversity Visa Lottery Program is a problem and is plagued by fraud. Given these serious concerns, Senator [Tom] Cotton and I have proposed eliminating this outdated program as part of the RAISE Act. While Senate Democrats originally created the Diversity Visa Lottery in 1990, many have supported legislation that would have eliminated it in the years since. I hope we can include this area of common ground as we work to fix our broken immigration system and strengthen our national security.

The Saipov attack shows the recklessness of federal immigration policy which accepts millions of unscreened immigrants via the visa lottery and via chain migration, said Roy Beck, founder of NumbersUSA, a pro-American immigration-reform group. The visa lottery picks new Americans by chance, while the chain-migration law allows recent immigrants to pick their relatives to become future Americans, he said.

Most of the people who come in by the [visa] lottery and chain migration are fine people who mean the best for coming to the United States, but it does remind us that not everybody who comes through these are exemplary folks …  Not one of them is screened in terms of whether they have a skill that is neeed in the United States. Not one of them is screened as to whether their presence in the labor force would be harmful to any particular group of Americans … One group is chosen by chance and by raffle, the other group is chosen by prior immigrants, not by the American people.

So far, Democrats are refusing to offer any safeguards or offsets to American voters. On November 1, Politico reported Democrats’ claims they may shut down the federal government until Americans agree to provide an amnesty to the illegals:

Sen. Kamala Harris (D-Calif.), a prospective 2020 presidential hopeful, raised the specter of a year-end showdown last week when she declared she wouldn’t vote for a spending bill that doesn’t help children of undocumented immigrants who came to the country as minors. Republicans will need Democratic votes — definitely in the Senate and almost certainly in the House, too — to pass legislation to keep the government funded … But a number of other Democratic senators said they aren’t willing to go there — at least not yet…

“It’d be very difficult for me to support the end-of-the-year bill, whatever that may be, if DACA has not been taken care of,” said Sen. Ben Cardin (D-Md.). “If we can’t take care of the Dreamers, I think it jeopardizes America’s standing on our principle strength: our values.

amnesty

Democratic leaders, however, are being careful, partly because the polls show the public prefers that any amnesty deal help Americans more than illegal migrants or low-wage employers.

“It is a topic which we are not raising at this point, because we hope we don’t even need to think about it,” said Senate Minority Whip Dick Durbin (D-Ill.), a party leader on immigration. “But I tell you, everyone I’ve spoken to — starting with me — are very serious this has to be done this year.”

GOP leaders have the advantage in this budget-and-amnesty staring-contest, said Mark Krikorian, director the Center for Immigration Studies.

What is the issue you’re willing to shut down the government over? For the Democrats to pick an amnesty for illegal immigrants [as an issue], and to claim that they’re going to start blocking veterans’ benefits, strikes me as ludicrous. They may be talking about it now, but I find it hard to beleive they would follow through.

Some [Democrats] believe their press releases, and then there are other, including [Majority Leader Chuck] Schumer who are smarter and realize that these carefully curated public opinion polls don’t really capture the real public mood.

But there is a long way to go before GOP Senators win a showdown over chain-migration.

For example, Lankford is working with Sen. Thom Tillis promoting a bill, dubbed SUCCEED Act, which would allow an amnesty for up to 2 million illegals. But their bill would only impose a slight trim on chain-migration by adding ten years to the citizenship process for the illegals, barring them from sponsoring extended-family relatives until 2033. The SUCCEED bill would do nothing to reform or cut chain-migration laws.

Moreover, most of the young illegals to be amnestied by Lankford and Tillis are Mexicans. Data from after the 1986 amnesty showed that each amnestied Mexican provided sponsorship and citizenship to more than six relatives back in Mexico, helping turn California into a Democratic-run state of sharp economic and civic divides.

On Wednesday, Lankford spokesman Darrell Jordan sent an additional statement to Breitbart News saying “it’s fine for Congress to narrow the variety of relatives who can be sponsored for chain migration.”

In turn, Lankford and Tillis are working with Perdue, as well as Texas Sen. John Cornyn and Iowa Sen. Chuck Grassley, to develop some package of measures that would make a DACA amnesty palatable to Americans.

They are getting some support from the House. For example, judiciary chairman Rep. Bob Goodlatte blasted the visa lottery program in a Nov. 1 statement:

For years, I have called for ending the diversity visa lottery and have sponsored legislation to do just that. Tragically, we have witnessed yet again that the visa lottery poses a threat to the safety of our citizens and the security of our nation. Under the visa lottery, each successful applicant is chosen at random and given the status of permanent resident based on pure luck.

“This flawed policy is just foolish in the age in which we live. Those in the world who wish us harm can easily engage in this statistical gamble with nothing to lose. Our immigration policy should be based primarily on our national needs, security, and economics and not in part on an arbitrary system.

Goodlatte is working with several other House Republicans to develop a potential amnesty-for-something deal in December.

But there are many potential obstacles to a chain-migration reform.

For example, Texas Sen. John Cornyn reportedly wants to exclude the diversity visas — and likely the chain migration issue — from any deal.

Sen. Lindsey Graham is also working on the immigration with Cornyn and the other GOP Senators. He is an enthusiastic support for an amnesty. He opposes the visa lottery, but he is not likely to oppose chain migration, in part, because he has repeatedly said that he wants to bring in more labor for the tourist, hospitality, and agriculture industries in his home state of South Carolina.

Moreover, Democrats expect the GOP leaders to roll over when they’re hit by media pressure in December, said Krikorian. “The Republicans have surrendered so early so often they don’t have credibility with the Democrats … it may well be the [Democrats] will go through with their [budget shutdown] threats, but I don’t see how the Republicans will cave over this, because the public will not rally on the side of amnestying illegal aliens on Schumer’s terms, as opposed to some kind of give-and-take,” he said, adding:

[GOP Senate Majority Leader] McConnell may decide to call their bluff, say ‘Go ahead shut the government, see if we care,’ especially because from the President on down on down, Republicans have said that DACA [illegals] are sympathetic people and they do want to work something out… [so] it is not even though the Democrats can say ‘The evil Republicans don’t care about these young people.’

This is an opportunity to get something done rather than to use it as  political issue…  if it were me, I really would try to work something out. If we can get  [an end to] chain migration and [mandatory] E-Verify in exchange for a narrow DACA amnesty, that would be worth it. I’d be eager for it.

Beck at NumbersUSA is also hopeful, saying “when have we heard before this year chain migration mentioned even a tenth as much in public?” He added:

It is because of [Sen. Tom] Cotton and Sen. David] Perdue introducing the RAISE Act, and because the President has embraced that act, and has started putting ‘chain’ in his tweets. There is real talk about it, and the more than Americans hear about chain migration and the visa lottery, and the more they will clamor to get rid of them.

On November 1, Trump offered a preview of the powerful and popular message that he can use to trump the Democrats’ threat to shut down the federal government, saying:

So we’re going to get rid of this lottery program as soon as possible. [Saipov] came in through the Diversity Program, as you know, and we’re going to stop that.

We’re going to as quickly as possible get rid of chain migration and go to a merit-based system.  Terrorists are constantly seeking to strike our nation, and it will require the unflinching devotion to our law enforcement, homeland security, and intelligence professionals to keep America safe.  We will take all necessary steps to protect our people and our communities, and to protect our nation as a whole.

“The more the president talks about this, the more pressure there will be on Congress,” said Beck.

Four million Americans turn 18 each year and begin looking for good jobs in the free market.

But the federal government inflates the supply of new labor by annually accepting 1 million new legal immigrants, by providing almost 2 million work-permits to foreigners, by providing work-visas to roughly 500,000 temporary workers and doing little to block the employment of roughly 8 million illegal immigrants.

The Washington-imposed economic policy of mass-immigration floods the market with foreign labor, spikes profits and Wall Street values by cutting salaries for manual and skilled labor offered by blue-collar and white-collar employees. It also drives up real estate prices, widens wealth-gaps, reduces high-tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high-tech careers, and sidelines at least 5 million marginalized Americans and their families, including many who are now struggling with opioid addictions.

The cheap-labor policy has also reduced investment and job creation in many interior states because the coastal cities have a surplus of imported labor. For example, almost 27 percent of zip codes in Missouri had fewer jobs or businesses in 2015 than in 2000, according to a new report by the Economic Innovation Group. In Kansas, almost 29 percent of zip codes had fewer jobs and businesses in 2015 compared to 2000, which was a two-decade period of massive cheap-labor immigration.

Americans tell pollsters that they strongly oppose amnesties and cheap-labor immigration, even as most Americans also want to favor legal immigrants, and many sympathize with illegals. Because of the successful cheap-labor strategy, wages for men have remained flat since 1973, and a growing percentage of the nation’s annual income is shifting to investors and away from employees.

 

Source link



source https://capitalisthq.com/diversity-visa-jihadi-exposes-democrats-bluff-on-daca-amnesty-budget-talks/

Wednesday, 1 November 2017

Dollar retreats ahead of U.S. tax bill, pound prepares for rate decision

Dollar retreats ahead of U.S. tax bill, pound prepares for rate decision


FILE PHOTO: Illustration photo of British Pound Sterling and U.S. Dollar notes
FILE PHOTO: British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo

November 2, 2017

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar pulled back from a 3-1/2-month high versus the yen and also fell back against the euro on Thursday, sagging ahead of a U.S. tax bill that will be unveiled after a one-day delay.

The dollar slipped 0.25 percent to 113.920 yen <JPY=>.

It had gained about 0.5 percent overnight and approached 114.450, its highest level since July 11 set on Friday, underpinned by upbeat U.S. data and enhanced prospects for a December interest rate hike.

The Fed left interest rates unchanged as widely expected, but further sharpened expectations for a year-end rate hike by highlighting “solid” economic growth and a strengthening labor market.

Thursday’s robust U.S. ADP private employment report was the latest in a list of strong indicators that have backed the Fed’s quest to normalize monetary policy.

The dollar’s advance, however, was curtailed as other factors pertaining to U.S. fiscal and monetary policy came into focus.

“The dollar was buoyed by the Fed’s statement but the impact was limited as the decision and its statements produced little surprise,” said Shin Kadota, senior strategist at Barclays in Tokyo.

“The likelihood of (Fed Governor Jerome) Powell being nominated as the next Fed chair is capping the dollar. The delay in the tax bill announcement is also a potential sign of internal squabbles.”

U.S. President Donald Trump plans to nominate Governor Powell, seen as less hawkish than other candidates, as the next chair of the Federal Reserve, a source familiar with the matter said on Wednesday. The announcement is expected on Thursday.

After an embarrassing one-day postponement of the bill’s unveiling on Wednesday, U.S. lawmakers have made plans for a measure that will seek up to $6 trillion in tax cuts over 10 years but is not likely to spell out in detail how they should be offset.

The dollar has drawn support since September on tax cut hopes and some of the “tax reform trades” that lifted the currency could be unwound if the bill reveals discord among lawmakers, Kadota at Barclays said.

The euro was 0.35 percent higher at $1.1658 <EUR=>.

POUND AWAITS BOE

Sterling nudged up 0.25 percent to $1.3282 <GBP=D3> ahead of a Bank of England policy decision due at 1230 GMT.

The BoE is widely expected to raise interest rates for the first time since July 2007, and investors will focus on the degree of unity among policymakers as they gauge the likelihood of further increases. [GBP/]

Against the euro, the pound was at 87.74 pence <EURGBP=D3> after advancing to 87.33 pence overnight, its strongest since mid-June.

“A number of BoE policy makers have recently expressed caution towards raising rates, and the pound will look vulnerable if the decision to hike rates is a closely contested one,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.

Some market participants think the central bank will ensure that any rate hike on Thursday is the last for some time, given signs of a slowdown in the British economy.

The dollar index against a basket of six major currencies slipped 0.3 percent to 94.520 <.DXY>, handing back the previous day’s gains.

The New Zealand dollar extended Wednesday’s rally, when it soared after news that the jobless rate had fallen to a nine-year low.

The kiwi was up 0.7 percent at $0.6931 <NZD=D4> and at its highest level in nine days. It had fallen to $0.6818 on Friday, its lowest since May, having come under pressure on fears over the Labour-led coalition government’s policies.

The Australian dollar was at its strongest level in eight days, last up 0.5 percent to $0.7715 <AUD=D4>, thanks to a set of strong domestic indicators.

Data on Thursday showed Australia’s trade surplus doubled in September and mark the eleventh straight month of surpluses, its longest winning streak since the early 1970s.

Separately, approval to build new homes in Australia climbed to a seven-month high in September.

(Reporting by Shinichi Saoshiro; Editing by Eric Meijer and Richard Borsuk)

Source link



source https://capitalisthq.com/dollar-retreats-ahead-of-u-s-tax-bill-pound-prepares-for-rate-decision/

Chelsea Handler Promotes Petition To ‘Impeach Trump’

Chelsea Handler Promotes Petition To ‘Impeach Trump’


Chelsea Handler took her attacks against President Donald Trump Wednesday to a new level, promoting a petition to impeach the president.

“Impeach Trump: Add Your Name,” the 42-year-old comedian and actress tweeted to her 8 million followers.  (RELATED: Chelsea Handler Uses A Nearly Naked Picture To Insult Donald Trump)

BEVERLY HILLS, CA - AUGUST 02: Host Chelsea Handler speaks onstage at the Hollywood Foreign Press Association's Grants Banquet at the Beverly Wilshire Four Seasons Hotel on August 2, 2017 in Beverly Hills, California. (Photo by Kevin Winter/Getty Images)

BEVERLY HILLS, CA – AUGUST 02: Host Chelsea Handler speaks onstage at the Hollywood Foreign Press Association’s Grants Banquet at the Beverly Wilshire Four Seasons Hotel on August 2, 2017 in Beverly Hills, California. (Photo by Kevin Winter/Getty Images)

She also included a link to the petition started by billionaire environmentalist Tom Steyer.

“Founding Father Alexander Hamilton, a co-author of the Federalist Papers–and an immigrant himself–argued that ‘high crimes and misdemeanors’ could be defined as “abuse or violation of some public trust.” This president has clearly already exceeded these standards. Congress has impeached past presidents for far less,” Steyer says on the petition site read.

Several people responded to the tweet by telling Handler that she was just wasting her time and reminded her that Trump hasn’t “even done anything to be impeached.”

It was just the latest attack by the comedian who has been very outspoken against the president and his administration since he was sworn-in. Last week, she announced that she wouldn’t be returning next season for her Netflix talk show “Chelsea” and instead will spend her time “becoming a more knowledgeable and engaged citizen” because the president has “galvanized” her.

Source link



source https://capitalisthq.com/chelsea-handler-promotes-petition-to-impeach-trump/

Big Tech Trump’s Supporters

Big Tech Trump’s Supporters


This was a commissioned cartoon.

Big Tech is waging war against conservatives.  After the 2016 election, they are even more determined to go all in and censor free speech. Or at least speech that does not support their leftist ideology.

Here’s some examples summarized from American Greatness online.

  • Google announced it would partner with George Soros-backed Poytner Institute to “fact check” search functions. So now, Soros will be the arbiter of truth in search.
  • Amazon admitted to removing negative reviews of Hillary Clinton’s book.
  • Apple removes pro-life prayer app from App store because the left wing complained
  • Facebook employees admitted they were instructed to remove positive news stores that were trending about conservatives

And that does not even cover the shennigans going on at YouTube by their Big G overlords. Conservative voices are being shut down.It is time for Congress to act to protect the First Amendment and the values fundamental to the republic.

-Ben Garrison

Tweeted by Donald Trump, Jr.


Get New Cartoons and Exclusive Deals

Receive Ben Garrison’s “politically incorrect” cartoons 

Link to article featuring this cartoon:
https://amgreatness.com/2017/10/31/tech-giants-are-biggest-threat-facing-trump-supporters/

Source link



source https://capitalisthq.com/big-tech-trumps-supporters/

TRUMP eyeing Wednesday tax event to amplify bill release — THE DEFINITIVE TRUMP-RUSSIA TIMELINE and taking stock of MUELLER MONDAY — PAUL RYAN to the White House today — TONY PODESTA’s fall — B’DAY: Frank Bruni

Niger asks U.S. to deploy armed drones against militants

Niger asks U.S. to deploy armed drones against militants


Niger Defence Minister Kalla Mountari poses for a portrait after an interview with Reuters, in Niamey
Niger Defence Minister Kalla Mountari poses for a portrait after an interview with Reuters, in Niamey, Niger November 1, 2017. REUTERS/Tim Cocks

November 1, 2017

By Tim Cocks and Absoulave Massalatchi

NIAMEY (Reuters) – Niger has asked the United States to start using armed drones against jihadist groups operating on the Mali border, raising the stakes in a counterinsurgency campaign jolted by a deadly ambush of allied U.S.-Nigerien forces.

On Oct. 4, Islamist militants with sniper rifles and rocketpropelled grenades killed four U.S. soldiers and at least four of their Nigerien partners in an ambush that exposed the dangers of an expanding U.S. presence in the largely desert nation.

What began as a small U.S. training operation has expanded to an 800-strong force that accompanies the Nigeriens on intelligence gathering and other missions. It includes a $100million drone base in the central Nigerien city of Agadez which currently only deploys surveillance drones.

“I asked them some weeks ago to arm them (the drones) and use them as needed,” Defence Minister Kalla Mountari told Reuters in an interview in his office. Asked if Washington had accepted the request, he said: “Our enemies will find out.”

A U.S. official, speaking on condition of anonymity, welcomed the defense minister’s comments, saying armed drones would be helpful in protecting U.S. troops and potentially targeting militants.

The official was not aware of any formal agreement having been reached, however.

The deaths of the U.S. soldiers, at the hands of suspected insurgents with the Islamic State in the Greater Sahara group, shocked Americans, many of whom did not realize their country had such a large presence in Africa’s Sahel region.

The incident also highlighted the “mission creep” that has set in and expanded the U.S. role in landlocked Niger, one of the world’s poorest and most insecure countries.

Mountari said the team of 12 U.S. Special Forces soldiers and 30 Nigerien troops had been “right up to the Mali border and had neutralized some bandits” just before the ambush took place. He declined to give further details.

The U.S. military has been adamant that the Oct. 3-4 mission was not intended to involve contact with enemy forces. Mountari said: “They (U.S.-Nigerien contingent) came back to Niger, they greeted the population, they gathered intelligence and it was inside the country, when they didn’t expect anything, that the attack happened.”

U.S. forces do not have a direct combat mission in Niger, but their assistance to its military does include intelligence, surveillance and reconnaissance in their efforts to target violent Islamist organizations.

However, Mountari was clear he saw them as close partners.

“The Americans are not just exchanging information with us. They are waging war when necessary,” he said.

“We are working hand in hand. The clear proof is that the Americans and Nigeriens fell on the battlefield for the peace and security of our country.”

A growing U.S. role in Niger could prove unpopular both with Americans, many of whom are tired of costly and sometimes deadly foreign adventures, and in Niger, whose citizens have mixed feelings about foreign forces on their soil.

Drone strikes have been controversial in other parts of the world because of the risk of civilian casualties. At a protest rally over a domestic political issue on Sunday, dozens of demonstrators also began chanting against the presence of foreign troops in Niger, a Reuters witness said.

(Reporting by Tim Cocks; Additional reporting by Idrees Ali in Washington; Editing by Mark Heinrich and Tom Brown)

Source link



source https://capitalisthq.com/niger-asks-u-s-to-deploy-armed-drones-against-militants/