Latest Articles: Business/Finance
There's been a mysterious surge in $100 bills in circulation, possibly linked to global corruption
Post Date: 2019-02-28 12:52:05 by hondo68
2 Comments
The number of hundred-dollar bills in circulation has skyrocketed in the past decade.It could be a troubling indicator for global corruption as high-denomination bills remain a go-to for criminals, given the anonymity and lack of transaction record.“There's certainly enough evidence to say it is an enabler of corruption, but it is also a way for people to keep assets outside of the financial system," says Nicholas Colas, co-founder of DataTrek research. The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in ...
To Revive Rural America, We Must Fix Our Broken Food System
Post Date: 2019-02-27 09:05:45 by Ada
1 Comments
America’s agricultural system has become extractive, and more and more of the profits are flowing to a few. A senior official at the Iowa Farm Bureau, the nation’s largest agricultural organization, recently told me that most rural communities will soon disappear. Even though the organization’s nominal mission is to help “farm families prosper and improve their quality of life,” the official seemed accepting of this fate, even a bit happy about it. Either way, he told me that nothing could be done. The thing is, the senior official isn’t wrong—the outlook for rural communities is grim. There are fewer jobs than there were a generation ago and the ones ...
New gas find in Bohai Sea to help upgrade energy mix
Post Date: 2019-02-27 02:50:01 by Tatarewicz
0 Comments
China Daily Massive gas reserves found in the Bohai Sea, the largest discovery in the Bohai Bay Basin in the past 50 years, will further boost China's domestic oil and gas exploration, insiders said. China National Offshore Oil Corporation has announced the discovery of a natural gas field at the Bozhong 19-6 discovery well in the Bohai oilfield that contains proved geological reserves of 100 billion cubic meters, which will help meet the surging demand for natural gas in northern and eastern China. As the largest discovery in the Bohai Bay Basin in the past 50 years, the gas could be used by millions of city dwellers for hundreds of years. According to Han Xiaoping, chief ...
Three-fourths of economists predict US recession by 2021: survey
Post Date: 2019-02-26 03:29:47 by Tatarewicz
0 Comments
PressTV...A survey of an influential panel of economists has revealed that three-fourths of experts believe the United States will enter a recession by 2021. The economic leadership and research group National Association of Business Economics (NABE) published the survey of its 281-member panel on Monday. Nearly half of the questioned NABE panel believed the economy would begin to retract as soon as 2020. Another 10 percent, however, estimated that a recession could even begin as soon as later this year. One-fourth of the panel said the next recession would start in 2021, marking a total of 77 percent of panelists believing a recession would hit in the next two years. Another 11 percent ...
Sealing Stait of Hormuz Only One of Iran's Several Options to Block Oil Exports from Region
Post Date: 2019-02-23 23:02:18 by Tatarewicz
0 Comments
TEHRAN (FNA)- Secretary of Iran's Supreme National Security Council (SNSC) Ali Shamkhani said his country does not plan to block off the oil lifeline in the Persian Gulf, but meantime stressed that if needed, sealing the Strait of Hormuz won't be Tehran's only option. "Although the Islamic Republic of Iran's military capabilities and extensive capacities have been proved to expert observers and there is no need for restatement and repetition, cutting off oil exports (from the region) does not necessarily mean a closure of the Strait of Hormuz, as there are different methods to materialize it and we hope that we will not be forced to use them," Shamkhani said in an ...
Homeless Encampments and Luxury Apartments: Our Long Strange Boom
Post Date: 2019-02-22 09:46:00 by Ada
0 Comments
The cold truth is homelessness and soaring rents are the only possible outputs of central bank policies that inflate asset bubbles. It's been a long, strange economic boom since the nadir of the Global Financial Meltdown in 2009. A 10-year long boom that saw the S&P 500 rise from 666 in early 2009 to 2,780 and GDP rise by 43% has been slightly more uneven for most participants. First and most importantly, household income hasn't risen by the same percentages as assets, GDP or costs of big-ticket expenses such as rent, healthcare and college tuition. The broadest measure of income, median household income, has registered a 23% increase in the past decade, roughly half of GDP ...
US cannot crush us: Huawei founder
Post Date: 2019-02-19 23:13:49 by Tatarewicz
0 Comments
PressTV... The founder of China’s electronics giant Huawei says a campaign of pressure by the United States targeting his company will fail to “crush” the firm. The US has filed 23 charges against Huawei and Meng Wanzhou, who is the daughter of Huawei’s founder — Ren Zhengfei — and the chief financial officer of the company. Meng was arrested in Canada in December last year at the request of the US, which is pursuing her extradition. Speaking to BBC in his first interview since Meng’s arrest, Ren dismissed the US charges as politically motivated. “Firstly, I object to what the US has done. This kind of politically motivated act is not ...
Gold Activated, [CB] Currency Will Enter Crisis Mode:Daniel Ameduri
Post Date: 2019-02-19 07:55:32 by BTP Holdings
0 Comments
Today's Guest: Daniel Ameduri Website: futuremoneytrends.com
Millennial Repo
Post Date: 2019-02-18 09:51:15 by Ada
0 Comments
An interesting data nugget percolated the other day about a “sharp worsening” – that is to say, an increase – in the number of car loan defaults among borrowers under 30 years old. According to Bloomberg Financial News, the rate for the Millennial demographic was 4.04 percent last quarter vs. 2.36 for the general population, or about twice as high. But it’s not just The Youth who are in danger of having their cars repo’d. The overall delinquency rate last quarter was at its highest level since 2012 – and the total number of car loans (new and used) as well as leases is up by 5.2 percent. More people, in other words, are buying cars they can’t ...
Years of the Pigs
Post Date: 2019-02-13 08:43:48 by Ada
0 Comments
It’s Tet here. Public employees get nine days off, counting an unpaid weekend. Millions abandon cities for their home villages, leaving most of Hanoi and Saigon suddenly unclogged, so crossing the street is no longer a harrowing adventure. Prices are jacked up, including for long distance buses, hotel rooms, meals and even haircuts. The week before Tet, buses arrived in Ea Kly several times a day with returning natives. At my usual cafe, I could see them disembark in the early dawn. The cafe’s owner’s husbands and two oldest sons weren’t among them, however, and it was because they had to work over the holiday, or so Mrs. Ha said, and her daughter was stuck in the ...
Salvini Calls For Elimination Of Italy's Central Bank, "Prison Time For Fraudsters"
Post Date: 2019-02-13 06:17:55 by Tatarewicz
4 Comments
On Friday, in a moment of predictive insight, Bank of America correctly warned that the greatest threat to EPS - i.e., markets - in the next 3 years "is an acceleration of global populism via taxation, regulation & government intervention." Just one day later, this warning to the financial establishment was starkly manifest in that ground zero for Europe's populist revolt, Italy, where the country's coalition government hinted at where the global populist wave is headed next when he slammed the country’s central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May. Matteo ...
Toys R Us is closing or selling all its US stores — here's why the company couldn't be saved
Post Date: 2019-02-11 16:56:39 by BTP Holdings
0 Comments
Toys R Us is closing or selling all its US stores — here's why the company couldn't be saved Dennis Green Mar. 15, 2018, 11:41 AM 99,820 Toys R Us says it will close or sell all its stores in the US in a matter of months.Getty/Jack Taylor Toys R Us filed for liquidation early Thursday, meaning it will close or sell its remaining US stores. It most likely marks the end of the chain, once a source of joy for children around the world. Many have been quick to blame the end of the retailer on Amazon, but that doesn't tell the whole story. The retailer was saddled with an enormous debt burden after being taken private in 2005, and it never really recovered. The end of ...
The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle
Post Date: 2019-02-10 16:52:18 by hondo68
1 Comments
American farmers are battling several issues when it comes to producing our food. Regulated low prices, tariffs, and the inability to export have all cut into the salaries of farmers. They are officially in crisis mode, just like the United States’ food supply. “The farm economy’s in pretty tough shape,” said John Newton, chief economist at the American Farm Bureau Federation. “When you look out on the horizon of things to come, you start to see some cracks.” Average farm income has fallen to near 15-year lows under president Donald Trump’s policies, and in some areas of the country, farm bankruptcies are soaring. And with slightly higher interest rates, ...
Former UN Ambassador Nikki Haley is charging a whopping $200,000 per speaking gig
Post Date: 2019-01-31 10:25:36 by Ada
4 Comments
Former U.S. Ambassador to the United Nations Nikki Haley is currently quoting $200,000 and the use of a private jet for domestic speaking engagements, according to seven people with knowledge of the arrangement. Engagements outside the United States could cost considerably more, these people said. Haley's lucrative fee propels her into a league populated by U.S. presidents, former Federal Reserve Chairman Ben Bernanke, former first lady Michelle Obama and former Secretary of State Hillary Clinton. With the Trump Cabinet's revolving door continually spinning, organizations looking for an inside glimpse into the administration have increasing options — but they come with ...
Mnuchin twitch - reptilian alien shape shifter?
Post Date: 2019-01-30 16:27:20 by hondo68
1 Comments
Politesseo Published on Jan 21, 2017 Bent on enslaving the human race- forced onto televised Senate hearings, caught suppressing need to revert to his actual lizard man form, or uncomfortable under the hot lights in his human flesh suit??
NH: Bill would let state agencies accept Bitcoin
Post Date: 2019-01-26 20:43:18 by RidleyReport
2 Comments
www.coindesk.com/new-hamp...e-to-take-crypto-payments The New Hampshire Liberty Alliance (NHLiberty.org) is backing a bill aimed at widening crypto adoption in the state. It is the only institution I'm aware of that comprehensively rates a state's bills and legislators for how pro-liberty they are. I believe at least one of the sponsoring reps is a free stater (a person who migrates to NH for the purpose of liberty activism). The number of free staters in the legislature has been hovering between 10 and 20 over the last decade; most win election as Republicans or Democrats. The Alliance is encouraging in-state supporters of the bill to make their position known by emailing ...
IF YOU UNDERSTAND GOLD – YOU ARE NOT A GOLDBUG
Post Date: 2019-01-25 10:26:43 by Ada
0 Comments
What is a Goldbug? If we look at Wikipedia, they define it as “a person who is extremely bullish on the commodity gold as an investment and or a standard for measuring wealth …… goldbug can also be used as a pejorative”. Investopedia states that “A gold bug is an individual who is very enthusiastic about gold as an investment and its prospects for significantly increasing in value.” Finally the Free Dictionary defines goldbug as “1. A person, especially an economist or politician, who supports the gold standard or 2. A person who believes in buying gold bullion as a personal investment or 3. A gold beetle.” Since less than 0.5% of world financial ...
Post-Work: The Radical Idea of a World Without Jobs
Post Date: 2019-01-24 19:53:20 by Tatarewicz
19 Comments
The Guardian Work has ruled our lives for centuries, and it does so today more than ever. But a new generation of thinkers insists there is an alternative. simon-migaj-545430-unsplash.jpg Work is the master of the modern world. For most people, it is impossible to imagine society without it. It dominates and pervades everyday life – especially in Britain and the US – more completely than at any time in recent history. An obsession with employability runs through education. Even severely disabled welfare claimants are required to be work-seekers. Corporate superstars show off their epic work schedules. “Hard-working families” are idealised by politicians. Friends pitch ...
Japan's Fuji Oil loads first Iran oil cargo since US sanctions waiver
Post Date: 2019-01-21 19:23:02 by Tatarewicz
0 Comments
Presstv...Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati says Japan has restarted importing crude oil from Iran, with Fuji Oil loading the first such cargo since the United States granted Tokyo waiver over renewed sanctions on the Islamic Republic's energy sector. "After China, South Korea, India and Turkey, Japan has also started importing oil from Iran," Hemmati said in a message on his Instagram account on Monday. He added that the new oil revenues along with tens of billions of dollars of the CBI's active reserves in foreign banks would be gradually infused into the country's trade sector. The CBI governor then noted that the Central Bank has ...
Facing populist assault, global elites regroup in Davos
Post Date: 2019-01-20 14:48:17 by hondo68
3 Comments
The congress centre, venue for the World Economic Forum, is covered with snow in Davos, Switzerland, Tuesday, Jan. 15, 2019. The World Economic Forum will take place in Davos from Jan. 22, 2019 until Jan. 25, 2019. (Gian Ehrenzeller/Keystone via AP) DAVOS, Switzerland (AP) — As the world’s financial and political elites convene here in the Swiss Alps for the World Economic Forum, their vision of ever-closer commercial and political ties is under attack — and the economic outlook is darkening. Britain’s political system has been thrown into chaos as the country negotiates a messy divorce from the European Union. Under President Donald Trump, the United States is imposing ...
What happens when the Yellow Vests meet European Debt Crisis II?
Post Date: 2019-01-17 19:11:06 by Ada
0 Comments
There is a lot of talk about which economic bubble will burst first and burst the worst (sounds like a gangsta rap song, no?) The stock market, real estate, luxury goods, corporate debt and government bond bubbles, and other lesser bubbles, all jockey for the titles. It’s the “Everything Bubble” for good reason. The “good reason” is: the 1% owns everything of high value, so if Western governments make it their policy to inflate those valuations even higher, then the 1% regains everything they lost in 2008. Welcome to Western Liberal Democracy – if you have a seat in the House of Lords I’m sure you’re not suffering too badly. Because of that ...
Christopher Aaron: Silver Price Window Is Closing
Post Date: 2019-01-13 17:05:01 by BTP Holdings
0 Comments
Janet Yellen rebukes Trump over plan to lift financial regulations
Post Date: 2019-01-12 14:37:32 by BTP Holdings
1 Comments
Janet Yellen rebukes Trump over plan to lift financial regulations Fed chair defends regulations and says policymakers may have forgotten damage inflicted on the economy in 2008 Phillip Inman Fri 25 Aug 2017 12.00 EDT Last modified on Thu 5 Jul 2018 16.48 EDT The Federal Reserve chair, Janet Yellen, said banking regulations have ‘substantially boosted resilience’. Photograph: Carlos Barria/Reuters Donald Trump has been rebuked by the US central bank chief, Janet Yellen, for planning to scrap tough banking regulations that made the system “substantially safer” and did nothing to restrict growth or lending. Yellen, the Federal Reserve chair, used a ...
The Tragic Story Behind The Invention Of Coca-Cola
Post Date: 2019-01-11 11:13:50 by Horse
1 Comments
Wendy Clark, Coca-Cola marketing executive, once wrote of the man who invented the famous beverage: “a pharmacist who wanted to create an elixir that would give people a moment of refreshment and uplift, a moment of happiness.” Today's Coca-Cola brand message is indeed to “make the world happier,” but the real motivation behind its creation was a totally different story. John Pemberton The history of Coca-Cola begins in the late 19th century with a man named Dr. John Stith Pemberton, a chemist and a pharmacist who fought as a Confederate soldier in the American Civil War. ' Before the war, Pemberton was a licensed practitioner of Thomsonian medicine, which ...
A Farewell to “Bargain Shopping”
Post Date: 2019-01-08 21:06:13 by Ada
0 Comments
“May God save the country for it is evident the people will not.” —Millard Fillmore, 13th POTUS, born this day, 1800 France has its Yellow Vests. Here in USA, we have a few poor shlubs hoisting the “Going Out of Business” signs on the highway in front of the K-Mart. The store in my little flyover town in upstate New York announced that it would shutter in March, and the sign-hoisting shlubs appeared out on Route 29 the first Saturday in January, an apt kick-off to a nervous new year. K-Mart’s parent company, Sears, is moving into liquidation, meaning anything that’s not nailed down must be converted into cash to pay off its creditors. The store’s ...
Latest [Newer] 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 [Older]