Latest Articles: Business/Finance
Trump: Another Nixon?
Post Date: 2017-08-07 06:07:57 by Ada
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Approximately two months before the election on September 10th I locked down the final draft of my book, Trumped! In the opening sentence I ventured the following opinion, which was most certainly not in the mainstream at the time: FIRST THERE WERE 17. THEN LITTLE MARCO, LOW ENERGY JEB AND LYIN’ Ted were gone. At length, there was one. And now there is even a chance he may become President. That he did, and contrary to all expectations, too. But now there is an excellent chance that Mike Pence will become the 46th occupant of that office. This time the pundits do see it coming. That’s because they are complicit — functioning as self-appointed magistrates of a recount of ...
Fake News A US Media Speciality
Post Date: 2017-08-06 19:36:01 by Ada
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The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was compared to Hitler until Hillary passed the title on to the President of Russia? Milosevic, not Bill Clinton, was arrested and placed on trial at the International Criminal Tribunal. He died in prison, some say murdered, before he was cleared of charges by the International Criminal Tribunal. http://www.globalresearch.ca/milosevic-and- ...
U.S. STATES ENACT PRO GOLD AND SILVER MEASURES
Post Date: 2017-08-06 13:50:19 by BTP Holdings
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Poster Comment:I do not necessarily like the fact that states are going to form precious metals depositories. It is better to keep the metals yourself rather than in a central location. This prevents you from potential government seizure. And now that the several states are all subdivisions of the corporate parent, UNITED STATES OF AMERICA, they must comply with all federal demands.
Dow hits record high after US jobs report beats forecasts - as it happened
Post Date: 2017-08-06 08:03:57 by BTP Holdings
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Dow hits record high after US jobs report beats forecasts - as it happened A US Dollar note. Photograph: Thomas White/Reuters Graeme Wearden Friday 4 August 2017 10.37 EDT First published on Friday 4 August 2017 03.14 EDT Summary: US jobs report cheers the markets Time for a quick recap: America’s economy has beaten expectations by creating 209,000 new jobs in July. An upbeat Non-Farm Payroll report also showed the jobless rate has fallen to 4.3%, while annual wage growth remained at 2.5%. The labor force participation rate picked up too. Here are the details Economists broadly welcomed the news. As Michael Pearce of Capital Economics put it: The real ...
Alibaba to open 'vending machine' in China to dispense luxury cars
Post Date: 2017-08-05 06:35:08 by Tatarewicz
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RT... Buying a car in China may become “as easy as buying a can of Coke,” claims the Alibaba Group, announcing plans to set up the first “automotive vending machine” later this year. Chinese consumers can already purchase vehicles online with the help of their smartphones but Tmall, the Alibaba Group-owned B2C shopping site, wants to take this type of e-commerce to the next level. Here's what the future of car shopping could look like. Good news: no good cop, bad cop routine required. t.co/pUOCx2Ckwopic.twitter.com/FdoXfiuMZ6 — Alibaba Group (@AlibabaGroup) August 2, 2017 “The era of online car shopping has already arrived,” said Yu Wei, general ...
Greenspan: Bond bubble about to break because of 'abnormally low' interest rates
Post Date: 2017-08-04 08:40:12 by Horse
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Former Fed Chief Alan Greenspan said "abnormally low" interest rates will break a bubble in the bond markets. Greenspan is famous for warning markets about "irrational exuberance" and the consequences it can bring. Alan Greenspan: Interest rates on government bonds have never been lower Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices. In a CNBC interview, the long-time central bank chief said the prolonged period of low interest rates is about to end and, with it, a bull market in fixed income that has lasted more than three decades. "The current ...
Construction of world's second largest hydropower station begins in China
Post Date: 2017-08-04 08:19:53 by Tatarewicz
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(Xinhua) Construction of world's second largest hydropower station begins A ceremony is held at the construction site of Baihetan project, which is located downstream of the Jinsha River, the upper section of the Yangtze, in Ningnan county of southwest China''s Sichuan Province and Qiaojia county of neighboring Yunnan Province, on Aug. 3, 2017. Building work on what will be the world''s second largest hydropower station started Thursday. The Baihetan project is on the Jinsha River, the upper section of the Yangtze, straddling Sichuan and Yunnan provinces. With a total installed capacity of 16 million kilowatts, the project is expected to generate more than 60 billion ...
The Myth of American Meritocracy
Post Date: 2017-08-03 07:05:39 by Ada
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How corrupt are Ivy League admissions? Illustration by Michael Hogue Just before the Labor Day weekend, a front page New York Times story broke the news of the largest cheating scandal in Harvard University history, in which nearly half the students taking a Government course on the role of Congress had plagiarized or otherwise illegally collaborated on their final exam.1 Each year, Harvard admits just 1600 freshmen while almost 125 Harvard students now face possible suspension over this single incident. A Harvard dean described the situation as “unprecedented.” But should we really be so surprised at this behavior among the students at America’s most prestigious ...
China Has the Leverage to Kill the Petrodollar
Post Date: 2017-08-02 06:10:03 by Tatarewicz
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RI... The Gulf Region will sell crude oil in non-USD terms on a widespread basis and significant scale The Chinese Government is greatly irritated by the requirement to use US Dollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating. The global currency reserve status for the USDollar is at severe heightened risk. It ...
Alan Watts: Money & Social Conformity [+ Money, Gold, Technology & Jobs]
Post Date: 2017-07-31 19:07:33 by GreyLmist
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9.5 minutes: Excerpts from an article on that commentary at thesocietypages.org [On the False Idea that Money is a Resource], debated in the Comment section there: Watts notes that we like to talk about “laws of nature,” or “observed regularities” in the world. In order to observe these regularities, he points out, we have to invent something regular against which to compare nature. Clocks and rulers are these kinds of things. All this is fine but, all too often, the clocks and the rulers come to seem more real than the nature that is being measured. For example, he says, we might think that the sun is rising because it’s 6AM when, of course, the sun will rise ...
Iran, Iraq reach deal over Kirkuk pipeline
Post Date: 2017-07-31 05:09:05 by Tatarewicz
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PressTV... Iran says it has reached an agreement with Iraq to construct a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran. The announcement was made by Iran’s Petroleum Minister Bijan Zanganeh after a meeting with his visiting Iraqi counterpart Jabbar al-Luaibi. Zanganeh also added that agreements had been reached with Iraq about an international company that will carry out a feasibility study of the project. Iran and Iraq signed a basic agreement in February that envisaged exporting Iraqi oil through the Iranian territory – a scheme that would remove Baghdad’s reliance on the Kurdistan Regional Government (KRG) to export its oil ...
Ohio - 40% Of The Workforce Can't Pass A Drug Test
Post Date: 2017-07-30 06:45:35 by HAPPY2BME-4UM
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This Ohio factory owner says she has jobs but few sober applicants An Ohio factory owner said Saturday that though she has blue-collar jobs available at her company, she struggles to fill positions because so many candidates fail drug tests. Regina Mitchell, a co-owner of Warren Fabricating & Machining in Hubbard, Ohio, told The New York Times this week that four out of 10 applicants otherwise qualified to be welders, machinists and crane operators will fail a routine drug test. In an interview Saturday with CNN's Michael Smerconish, Mitchell said that her requirements for prospective workers were simple. "I need employees who are engaged in their work while here, of sound ...
US Sanctions Push Russia Closer to Abandoning the Dollar — Deputy FM Sergei Ryabkov
Post Date: 2017-07-30 04:47:15 by Tatarewicz
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RI... Russia's deputy foreign minister says US sanctions will compel Moscow to seek alternatives to the dollar-based reserve currency system Russian Deputy Foreign Minister Sergei Ryabkov gave a jaw-dropping interview with ABC News in which he stated unequivocally that US sanctions are pushing Russia towards developing alternatives to the dollar reserve currency system. During the interview, Ryabkov states that Russia is prepared to go tit-for-tat with any US sanctions imposed on Moscow. Asked about whether the Russian economy could withstand a serious sanctions war, Ryabkov doubles down and says that not only is Russia prepared to go toe-to-toe with Washington, it's also closer ...
Walmart Plans To Create 1.5 Million Jobs, Unveils Manufacturing Strategy
Post Date: 2017-07-27 09:18:15 by Tatarewicz
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IBTimes... Mega-retailer Walmart reportedly joined business and government officials in Washington Wednesday to unveil a plan to boost growth in the domestic manufacturing sector. Company executives said the plan would generate an estimated 1.5 million jobs in the United States. Walmart proposed 10 policy plans to boost U.S. manufacturing jobs that the company claimed might "recapture" an estimated $300 billion of the $600 billion worth of imported consumer goods. READ: Amazon Could Launch Stand-Alone Messaging App 'Anytime,' Here Are The Possible Features Included Walmart’s "policy roadmap" proposal included building vocational schools, reducing costs ...
China’s famed hot pot chain strives to popularize instant hot pot
Post Date: 2017-07-27 07:35:29 by Tatarewicz
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People's Daily Hai Di Lao, one of China’s giant hot pot chains, recently announced a joint venture with YiHai International Holdings Limited and Xinpai (Shanghai) Catering Management Co. Ltd. to mass produce a self-heating hot pot. Self-heating hot pots, also called instant hot pots, are the latest development in the hot pot industry. With everything pre-prepared in a small sealed paper box, one instant hot pot merely costs around 30 yuan ($4.45). Pour in hot water, wait for 15 minutes, and a warm and delicious hot pot is ready to serve. Compared to take-out hot pot, instant hot pot can not only provide people with a feast at home, but can also spare them the trouble of placing ...
Banks Are Scheming to Dominate a Future Cashless Society
Post Date: 2017-07-26 17:54:04 by Ada
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Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered with governments around the world to help convert financial systems into cashless models, but their real incentive is the billions of dollars in extra transaction fees it would generate. “We are declaring war on cash,” Visa spokesman Andy Gerlt proudly proclaimed after the program was announced. The food-based small businesses Visa is ...
More than a third of California households have virtually no savings, are at risk of financial ruin, report says
Post Date: 2017-07-26 07:25:41 by HAPPY2BME-4UM
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More than a third of California households have virtually no savings, are at risk of financial ruin, report saysBy Kevin Smith, San Gabriel Valley TribunePosted: 07/25/17More than 37 percent of California households have so little cash saved that they couldn’t live at the poverty level for even three months if they lost a job or suffered another significant loss of income.That’s the grim assessment of the 2017 Prosperity Now Scorecard. The report was compiled by Prosperity Now, a Washington, D.C.-based organization seeking to help people — particularly people of color and those with limited income — achieve financial security and prosperity.HOUSEHOLDS OF COLORIt gets ...
Lithium's investment potential
Post Date: 2017-07-26 06:26:09 by Tatarewicz
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Stock Gumshoe...Lithium has been in use for a long time, of course, and holds price of place as the lightest metal on the periodic table (the lightest solid, really), and it’s very reactive and has great energy density, which makes it appealing for batteries — which is why lithium ion batteries have taken over in most portable electronics and in most electric vehicles. That has led to the idea that lithium should become far more expensive, because demand for electric vehicles is ramping up. Consumer electronics are one thing — the lithium producing world has pretty well met the required demand for millions of laptops and billions of cellphones, essentially all of which have ...
The STAGGERING Difference Between Presidents Trump and Obama Just 6 Months
Post Date: 2017-07-21 09:02:57 by Tatarewicz
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This is a statistic that won't be reported on CNN, NBC and the rest of the Main Stream Media. What's the difference between Presidents Trump and Obama? Approximately $1 Trillion! President Obama increased the US debt in his first 6 months by $1 Trillion more than President Trump! As of today, President Trump has decreased the US Debt since his inauguration by (-$103) Billion. imgur.com/a/U9Mjs President Obama on the other hand increased the US debt in his term for the same time period by $899 Billion. imgur.com/a/24MDC Yes, that's a difference of $1 Trillion! However, it should be noted that the amount of US debt reported under President Trump is the same amount that has ...
China to enhance cooperation with Palestine on trade, infrastructure
Post Date: 2017-07-20 07:58:39 by Tatarewicz
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Xinhua| Chinese Premier Li Keqiang meets with visiting Palestinian President Mahmoud Abbas at the Great Hall of the People in Beijing, capital of China, July 19, 2017. (Xinhua/Zhang Duo) BEIJING, July 19 (Xinhua) -- China is willing to strengthen cooperation with Palestine on trade, infrastructure, human resources and capacity building to improve its economic development and people's well-being, Premier Li Keqiang said Wednesday. Li made the remarks when meeting with Palestinian President Mahmoud Abbas, who is on a state visit to China from July 17 to 20. "Peace and development are pre-conditions and guarantees for each other. China will deepen practical cooperation with ...
US oil sector warns Washington over “unintended consequences” of new anti-Russian penalties
Post Date: 2017-07-19 07:21:25 by Tatarewicz
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RT... A new round of sanctions against Russia approved by the Senate could massively hit the US labor market and oil and gas projects around the world, having “unintended consequences,” according to the industry officials, as quoted by the Financial Times. Read more © Jim Young US oil companies against expansion of Russia sanctions – WSJ Last week, the Senate approved legislation banning US individuals and companies from providing goods, services or technology for Arctic offshore or shale projects where Russian companies are “involved.” The step comes as an extension to the penalties introduced against Russia in 2014 over its alleged role in the conflict in ...
$10bn cryptocurrency devaluation in 24 hours, Bitcoin hit hard $10bn cryptocurrency devaluation in 24 hours, Bitcoin hit hard
Post Date: 2017-07-18 06:55:39 by Tatarewicz
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Source: RT Cryptocurrency investors have suffered heavy losses following a dramatic drop in the price of Bitcoin and Ethereum in recent days. Bitcoin fell to around $1,863 and Ethereum to around $133 over the weekend – 38 percent and 67 percent off their all-time high respectively. Bitcoin, in particular, suffered heavy losses since hitting a high of $3,018 on June 12. By Monday, Bitcoin had recovered slightly to $2,129 while Ethereum also rose to $176. The decline appears to be part of a wider trend across the market, with trade publication Coindesk reporting Sunday that the worth of all publicly traded digital currencies had fallen by a total of $10 billion in 24 hours over the ...
Critically Important – U.S. Trade Representative Robert Lighthizer Releases NAFTA Objectives – Documented Outline pdf
Post Date: 2017-07-17 20:35:22 by HAPPY2BME-4UM
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Earlier today USTR Robert Lighthizer released President Trump’s NAFTA Objectives outline to congress and the American people. The NAFTA renegotiations are scheduled to begin in August. The bilateral trade negotiations with the EU (European Union), S.E.A.N. (Southeast Asian Nations), China, U.K. and all other nations will follow -individually- after the NAFTA process is complete. It cannot be overstated how critical this is. Please, please, understand. There are trillions of dollars at stake. All political opposition to President Donald Trump will increase in exponential severity as the dates of these renegotiated trade deals draws closer. There are ...
ISIS continues to sell oil because it’s in somebody’s interest – ex-IEA chief
Post Date: 2017-07-17 05:31:02 by Tatarewicz
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RT...While the freefall of oil prices seems to have stopped for now, the inevitable rise of energy demand from developing economies may turn the current overflow into a critical shortage. How long before oil becomes a treasured resource in major demand again? And with new technology coming into play, how will the energy market affect our lives in the coming decades – will it fuel growth or new conflicts? Former Executive Director of the International Energy Agency Nobuo Tanaka is on SophieCo. Follow @SophieCo_RT Sophie Shevardnadze: Nobuo Tanaka, the former Executive Director of the International Energy Agency, great to have you on our show. Welcome. So, in response to the low oil ...
NYC loses 1K restaurants, Applebee's fires 1k w/$15 min. wage
Post Date: 2017-07-16 23:31:51 by HAPPY2BME-4UM
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The $15 minimum wage that Leftist politicians pushed through in Seattle and New York City has taken a major toll on many businesses, with the Big Apple losing a devastating 1,000 restaurants – while the popular chain Applebee’s had to fire more than 1,000 servers to accommodate the liberal minimum wage hike there.Restaurant owners, waiters and waitresses are not the only ones hurt by the progressive policy.“[L]iberals’ minimum wage demands have done severe damage to Seattle's and New York’s businesses,” Townhall reported. “Instead of typical servers, [the CEO of Applebee’s New York franchise, Zane Tankel] explained that they will soon be replaced ...
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