Latest Articles: Business/Finance
Israel ecstatic over $1.2 billion drone deal with Germany
Post Date: 2018-06-17 02:44:28 by Tatarewicz
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PressTV... Israeli Prime Minister Benjamin Netanyahu has thanked German Chancellor Angela Merkel for her efforts in the approval of a more than one-billion-dollar deal to lease military drones from Israel. Netanyahu said the approval of the accord – an estimated 1.2 billion dollars worth -- by Germany's parliament to lease Israeli-built surveillance drones for nine years would strengthen bilateral security relations between Berlin and Tel Aviv. “I want to personally thank Chancellor Merkel, with whom I spoke only ten days ago on the subject. She told me she’d pass it on to parliament and she did,” the Israeli premier said. "It's a huge deal. It has ...
Netanyahu offers Israeli water tech to Iran
Post Date: 2018-06-16 06:37:36 by Tatarewicz
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In English video, PM says he wants to help the Iranian people solve their water crisis despite the regime's cries of 'Death to Israel' Prime Minister Benjamin Netanyahu released a video Sunday in which he offered Israel’s water expertise to an Iran he said faces an environmental disaster due to persistent drought. “Today I’m going to make an unprecedented offer to Iran,” Netanyahu said in the English-language video, which featured links to the State of Israel’s Persian website with information about water shortage, and to a Persian-language Telegram account. “It relates to water,” Netanyahu says in the video, after pouring himself a glass ...
'Crooked Hillary' and 'Slippery Comey': Horowitz About to Drop a Bomb – Analyst
Post Date: 2018-06-15 08:40:11 by Ada
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The Horowitz report may explain the motivation behind Hillary Clinton and her associates relying so heavily on secret private servers, Wall Street analyst Charles Ortel told Sputnik, adding that the report is likely to trigger US voters’ interest in the upcoming 2018 mid-term elections and 2020 presidential race. “The biggest question likely to come out of the forthcoming Horowitz report is how many people at senior levels likely knew of mishandling of classified information by former Secretary of State Hillary Clinton and her associates yet elected to give them a pass from serious investigation and prosecution?” asks Charles Ortel, Wall Street analyst and investigative ...
Your Incredibly Shrinking Dollar
Post Date: 2018-06-14 08:31:43 by Ada
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Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011. According to the latest data released by the Bureau of Labor and Statistics, the Consumer Price Index (CPI) jumped by 2.8% year-over-year in May. That follows on the heels of a 2.5% leap year-over-year in April. In other words, prices are going up. That’s not good news for people who buy stuff. Pundits and talking heads call a rising CPI inflation. But as Peter Schiff explained in his podcast last week, people often confuse rising prices with inflation. In fact, the CPI merely measures one effect of inflation. Remember, a lot of people think that inflation is what happens to ...
The Permian Basin in Texas and New Mexico will soon become the third-biggest oil producing region in the world
Post Date: 2018-06-13 11:40:25 by X-15
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Today, the Permian basin in Texas and New Mexico is the nation's biggest shale oil producing region. But in just a few years, drillers could be pumping enough Permian crude to outmatch every nation in the world except Russia and Saudi Arabia. Output from the region is forecast to more than double between 2017 and 2023, jumping to 5.4 million barrels a day, according to a new estimate from IHS Markit. That would help the United States graduate from an emerging player in export markets to an established power. IHS Markit thinks the United States could be shipping 4 million bpd to foreign customers, up from 1.1 million bpd last year. The Permian is one of the nation's shale regions, ...
Bill Maher Admits He Is Actively Rooting for Economy To Crash
Post Date: 2018-06-10 10:46:07 by BTP Holdings
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Bill Maher Admits He Is Actively Rooting for Economy To Crash By Cillian Zeal June 9, 2018 at 9:13am When you’re rich and liberal like Bill Maher and the president is a conservative, you can hope that the economy will crash. After all, you’ve got all the money you probably need, right? That’s at least the message from Maher, who says he’s “sorry if that hurts people” but he’s “hoping for” the economy to tank, if just because it would be one way voters would quickly get sick of President Donald Trump. The exchange happened on Maher’s HBO show Friday, when he asked commentator Shermichael Singleton about how goeth the economy. ...
Small Town Gun Shop Owners Say Anti-Gun Rhetoric Has Fueled Sales
Post Date: 2018-06-08 17:18:04 by BTP Holdings
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Small Town Gun Shop Owners Say Anti-Gun Rhetoric Has Fueled Sales By: Kimberly Drake It seems one can’t turn on the TV or open a newspaper without being inundated by rants from the anti-gun establishment. Fueled by recent school shootings, their demands have been heard by big-box sporting goods stores and companies (such as Dick’s Sporting Goods) that have caved to their pressure and refused to continue selling “assault-style” rifles, high-capacity magazines, and firearms to people under the age of 21. But Dick’s (and Walmart’s and REI’s and L.L. Bean’s and Kroger’s) loss appears to be the little guys’ gain. “Sales are up,” Tim ...
China offers to buy nearly $70 billion American products if US suspends tariffs
Post Date: 2018-06-06 05:25:57 by BTP Holdings
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Mercatus Center senior research fellow Veronique de Rugy, Fox News political contributor Tammy Bruce and London Center for Policy Research President Herb London discuss how China offered to buy nearly $70 billion of American goods if the US halts tariffs. Poster Comment:Better for China to buy U.S. made products than the other way around.
Trump is making a difference for our industry: US Steel CEO
Post Date: 2018-06-06 05:10:08 by BTP Holdings
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U.S. Steel CEO David Burritt discusses how President Trump’s trade policies have helped his business grow.
The Public Bank Movement’s Time Has Arrived
Post Date: 2018-06-04 21:41:55 by NeoconsNailed
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Fed Looks to Ease Rule that Limits Risky Bank Trading By MARCY GORDON – WASHINGTON (AP) — The Federal Reserve is preparing to ease a rule aimed at defusing the kind of risk-taking on Wall Street that played a role in triggering the 2008 financial meltdown. The Volcker Rule, crafted by regulators 4 1/2 years ago, changed the way the biggest U.S. banks do business. It prohibits them from using the deposits of customers to fund risky trades. It’s a key plank of the landmark Dodd-Frank financial regulation law intended to reduce the likelihood of another crisis and taxpayer-funded bank bailout. President Donald Trump has blamed Dodd-Frank for constraining economic growth. When ...
Maglev trains: why aren't we gliding home on hovering carriages?
Post Date: 2018-06-03 08:24:26 by Tatarewicz
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Guardian... Clean, green, quick and quiet; no wheels, no engines to fail; able to stop quickly and safely and glide off noiselessly on a cushion of air. Magnetic levitation (maglev) was, according to 1980s science shows such as Tomorrow’s World, going to make domestic air travel defunct, humming from city to city at 500mph with negligible effects on the environment (and no need to remove your belt and shoes). With no wheels and only one track, Maglev trains would pooh-pooh bad weather, the wrong type of leaves on the line, or a points failure at Cricklewood. Because of the way maglev (in various ways) repels the train above its track, derailments are unlikely: the further the ...
With top Chicago mob boss dead, Outfit looks for new blood
Post Date: 2018-06-03 07:56:04 by BTP Holdings
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With top Chicago mob boss dead, Outfit looks for new blood Chuck Goudie and the ABC7 I-Team report on the old and the new at the helm of the Chicago mob. Chuck Goudie, Barb Markoff, Christine Tressel and Ross Weidner Friday, June 01, 2018 06:27PM CHICAGO (WLS) -- Now that John "No Nose" DiFronzo is no longer running the Chicago Outfit, who will fill the void left by his death is an open question. As the ABC7 I-Team first reported this week, DiFronzo died Sunday from complications of Alzheimer's. He was 89. "This is obviously an organization that promotes from within" said Chicago mob expert John Binder. "They don't take ads in the Wall Street ...
Swiss firm disappointed to lose Iran deal to China
Post Date: 2018-05-30 05:22:47 by Tatarewicz
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PressTV... The Swiss firm Stadler Rail says it is disappointed that it has to ditch a $1.4 billion railway deal in Iran because of US President Donald Trump’s decision to reimpose sanctions on the Islamic Republic. The rail group signed a letter of intent in Tehran at the end of February to deliver 960 subway cars, even though it later denied any deal or decision and called it merely a public tender. PressTV-Swiss firm denies $1.4 billion rail deal with Iran The Swiss embassy in Tehran had said on Wednesday that Stadler would put the wagons in service from the end of 2020 in the Iranian capital and its western suburb of Karaj. Stadler Rail officials, however, have admitted in a ...
Is Deutsche Bank About To CRASH? - Bank Lays Off 10,000 Employees!
Post Date: 2018-05-27 14:20:46 by BTP Holdings
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Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news out of Deutsche Bank as the controversy stricken bank lays off 10% of its employees, about 10,000. The layoffs will likely carry into 2019 as Deutsche Bank "restructures" itself. Interestingly enough, Deutsche Bank has seen a massive drop in its share price ever since 2008. It makes sense, considering all of the big banks are insolvent and have not recovered since 2008. The share price has seen a constant trickle down and there are no signs of a recovery anywhere in the near future. The cash to deposit ratio is alarming to say the least. This will not end well for anyone considering ...
Michael Snyder: 12 Indications That The Next Major Global Economic Crisis Could Be Just Around The Corner
Post Date: 2018-05-26 14:12:45 by Horse
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The following are 12 indications that the next major global economic crisis could be just around the corner… #1 The “smart money” is getting out of stocks at a rate that we haven’t seen since just before the financial crisis of 2008. #2 Moody’s is warning that a “particularly large wave” of junk bond defaults is coming. And as I have written about so many times before, junk bonds are often an early warning indicator for a major financial crisis. #3 According to the FDIC, a closely watched category known as “assets of problem banks” more than tripled during the first quarter of 2018. What that means is that some really big banks are now ...
America’s Fifth Column Will Destroy Russia. The Insidious Role of Neoliberal Economics
Post Date: 2018-05-26 13:54:05 by Ada
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This is the lecture I would have given if I had been able to accept the invitation to address the St. Petersburg Economic Conference in Russia this weekend. From the standpoint of Russia’s dilemma, this is an important column. Putin’s partial impotence via-a-vis Washington is due to the grip that neoliberal economics exercises over the Russian government. Putin cannot break with the West, because he believes that Russian economic development is dependent on Russia’s integration within the Western economy. That is what neoliberal economics tells the Russian economic and financial establishment. Everyone should understand that I am not a pro-Russian anti-American. I am ...
The Speech That Predicts TRUMP'S RECESSION - Mike Maloney
Post Date: 2018-05-26 12:25:15 by BTP Holdings
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Breakout Session Link: www.youtube.com/redirect?...TI3MzUwODQ0&v=Q3BjMUd391c “What if you knew what the markets were going to do before they did it? What if you knew the ultimate destiny of stocks, real estate, and gold and silver?” That’s how Mike Maloney began his presentation at the Gold & Silver Summit in San Francisco last week. His 56-minute talk is now available by video (below) with just-released bonus features. Mike tells the audience upfront that not only do we know what’s coming, but we can profit from it. “We were left with a roadmap that we can turn into a treasure map.” It’s an exciting proclamation, though not everything coming ...
WILL POVERTY, DISEASE AND WAR LEAD TO 3 BILLION FEWER PEOPLE?
Post Date: 2018-05-25 09:47:22 by Ada
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There are 51 million American households that cannot make ends meet. This means that 43% of American households can’t afford a basic middle class life. Of these, 35 million are dubbed ALICE which stands for Asset Limited, Income Constrained, Employed with a further 16 million households living in poverty. It is absolutely remarkable that in the world’s biggest and “richest”country, just under 50% of the households are struggling to afford a basic middle class life and that 50 million people live in poverty. And this is after decades of prosperity and economic growth. What it proves is that the average person in the US is seeing no prosperity at all. All the official ...
Woodrow Wilson Created the Fed, Which Gave Us a War Finance System for the Next 100 Years
Post Date: 2018-05-24 10:28:56 by Ada
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"Indeed, Thomas Woodrow Wilson is the father of most of the last century’s ills. His grand crusade gave the world the curse of Stalin and Hitler, which, in turn, fostered the fallacy of the Indispensable Nation and gave rise to Imperial Washington and its destructive projects of global Empire." The author is a prominent American politician, businessman, publicist and author. He was Ronald Reagan's Budget Director, and a congressman from Michigan. He is a frequent commentator on the major financial TV networks on the state of the economy. You could describe him as America's financial conscience and scold - and he's been doing it for 40 years, he famously broke ...
Avenatti’s Law Firm Hit With $10 Million Judgment
Post Date: 2018-05-24 06:44:04 by BTP Holdings
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Avenatti’s Law Firm Hit With $10 Million Judgment By Joe Simonson May 22, 2018 at 2:53pm A U.S. Bankruptcy Court judge on Tuesday ordered Michael Avenatti’s law firm to pay a former colleague $10 million. The initial dispute stemmed after Jason Frank, who used to work at the Eagan Avenatti law firm, was personally promised by Avenatti that he would receive $2 million in a settlement of a bankruptcy case by May 14. That money was never paid, the court determined. Frank had repeatedly requested payment from Avenatti but never received a response, according to an affidavit filed in court and which The Daily Caller News Foundation obtained. “Michael Avenatti, in his ...
Store Closing Sale
Post Date: 2018-05-24 00:24:06 by bush_is_a_moonie
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Jajor retailers closing the most stores in 2018. J.C. Penney After closing nearly 140 stores last year, J.C. Penney is at it again in 2018. The department store chain says eight locations, from California to New Jersey, will be out of business by May. Macy’s Macy's closed around 70 of its department stores in 2017 and started off 2018 by announcing it would shut down nearly a dozen more. Crocs 47 stores Sears The chain started 2018 by announcing plans to close another 39 stores. Business Insider reports Sears in April started the process of closing 11 more, including the last remaining location in its longtime hometown, Chicago. Sam's Walmart says it's closing 63 of ...
Trump’s Fed Nominee Advocated Abolishing Cash
Post Date: 2018-05-22 06:42:56 by Ada
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Trump Federal Reserve Board of Governors nominee Marvin Goodfriend reportedly said in 2016 that cash should be phased out of circulation so the Fed can charge negative interest rates and force consumers to pay fees to keep money in savings accounts. Trump Federal Reserve Board of Governors nominee Marvin Goodfriend reportedly advocated on two different occasions the elimination of cash from circulation in an effort to prevent individuals from hoarding cash in the event that the Federal Reserve were to push a negative interest rate policy during a financial crisis. The Mises Institute notes that Goodfriend first floated the idea in a 1999 paper called “The Case for Unencumbering ...
Switzerland & United States are the world’s most corrupt nations – report
Post Date: 2018-05-21 07:35:00 by Tatarewicz
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RT... A new study from advocacy group Tax Justice Network reveals that Switzerland is the world’s most-corrupt country, with a “high secrecy score of 76.” It’s followed by the US and the Cayman Islands. “Switzerland is the grandfather of the world’s tax havens, one of the world’s largest offshore financial centers, and one of the world’s biggest secrecy jurisdictions or tax havens,” said the group’s report ‘Financial Secrecy Index — 2018 Results’. It explained that “the Swiss will exchange information with rich countries if they have to, but will continue offering citizens of poorer countries the opportunity to evade ...
Which countries are dumping the dollar and why?
Post Date: 2018-05-21 07:17:15 by Tatarewicz
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RT... The European Union is considering switching payments from the US dollar to the euro after Washington threatened to target European firms working in Iran, according to reports. The measure may help the EU to retain one of the world's largest markets, which was opened for trade after the historic nuclear deal signed by Tehran and the P5+1 powers (China, France, Russia, UK, US, plus Germany) in June 2015. Read more © Ohde / face to face Europe to ditch US dollar in payments for Iranian oil – source The idea to eliminate the role of the greenback in international settlements is not new. Aside from the EU, a number of nations have been mulling the idea. RT discussed with ...
THE CASE AGAINST SCHOOLING
Post Date: 2018-05-20 12:03:21 by Ada
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The Case against Education: Why the Education System Is a Waste of Time and Money by Bryan Caplan (Princeton University Press, 2018, 395 pages). Almost every book on education policy (and I have read a great many of them) springs from the set of assumptions that education “experts” embrace: that schooling builds our stock of knowledge and skill, that it needs to be done mainly by government, that it makes us better human beings, and that we owe our prosperity to our great “investment” in education, kindergarten through college. Among the tiny number of books that challenge the conventional wisdom about education, the latest and perhaps the most daring is Bryan ...
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