Latest Articles: Business/Finance
It Still Bleeds, But It No Longer Leads
Post Date: 2018-12-03 08:54:32 by Ada
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The death of the newspaper industry is being hastened by those who want to profit off of it. President Donald Trump’s nickname notwithstanding, The New York Times is far from failing. The newspaper released its third quarter earnings report last month and by almost every metric it’s good news for the Gray Lady. With more than four million subscribers to its print and digital services (the most in its history) and digital advertising revenue up 17 percent, year over year operating profits rose by 30 percent to $41.4 million for the quarter. And yet, while our fraught political moment has generated a financial feast for the Times and other prominent newspapers, the death march ...
Jeremy Siegel: Trump 'Doesn't Want to Be Cause of Bear Market'
Post Date: 2018-12-01 20:00:29 by BTP Holdings
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Jeremy Siegel: Trump 'Doesn't Want to Be Cause of Bear Market' (iStock/Jim Vallee) By Newsmax Wires | Friday, 30 November 2018 02:03 PM Wharton School finance professor Jeremy Siegel says President Donald Trump can't blame Jerome Powell for a bad stock market now that the Federal Reserve chairman has appeared to walk back his comments on interest rate hikes. Siegel told CNBC that the pressure is on Trump "more than ever" to reach a trade agreement with China as he meets Saturday with Chinese President Xi Jinping at the G-20 summit in Buenos Aires, Argentina. "[Trump] doesn't want to be the cause of a bear market in 2019," Siegel said. For his ...
4 In-Demand Skills You Can Learn Online
Post Date: 2018-11-30 19:36:12 by Tatarewicz
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Entrepreneur ... High costs of college tuition and the growing abundance of online resources to learn about topics from computer science to blockchains have created an unprecedented opportunity for self-taught professionals and entrepreneurs. Consistently learning new skills and adapting to the evolving work environment is crucial to maintaining a fruitful career in today’s workforce. Many college graduates do not even work in the field that they majored in, and instead, work in an area that they initially received a job in out of college or taught themselves how to excel in. Whether you’re looking to transition into another field or just want to learn some new skills as a ...
GM Plans More Than 14,000 Job Cuts, 7 Factory Closings
Post Date: 2018-11-29 07:38:16 by BTP Holdings
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GM Plans More Than 14,000 Job Cuts, 7 Factory Closings (Lindaparton/Dreamstime) Monday, 26 November 2018 01:21 PM General Motors Co. will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles. Four factories in the U.S. and one in Canada could be shuttered by the end of 2019 if the automaker and its unions don’t come up with an agreement to allocate more work to those facilities, GM said in a statement Monday. Another two will close outside North America. The Detroit-based company’s shares surged on the plan, which ...
Official: Iran, China Resolve Banking Problems for Oil Payments
Post Date: 2018-11-28 17:58:06 by Tatarewicz
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TEHRAN (FNA)- Head of Iran-China Chamber of Commerce Asadollah Asgaroladi announced on Wednesday that the problems related to Beijing's payment for crude purchased from Tehran have been resolved. "A Chinese bank will start its banking exchanges with the Iranian side on December 2," Asgaroladi said. He added that oil sales to China will start next week and its money will be paid to Iran within a month, noting, "The Chinese side is due to introduce its second bank for exchanges with the Iranian side in a month." Iranian officials have in many cases reassured that the vow to cut Iran's oil revenues to zero with the help of sanctions is the US wild dream never ...
China’s CNPC replaces Total in Iran’s South Pars project: Iranian oil minister
Post Date: 2018-11-26 20:35:51 by Tatarewicz
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Tehran says China’s state-owned energy giant CNPC has replaced Total in the multibillion-dollar South Pars gas project after the French company left Iran due to the return of US sanctions. Iran’s Petroleum Minister Bijan Zangeneh told the ICANA news agency on Sunday that CNPC will begin operations in the project, without providing further details. “China’s CNPC company has officially replaced Total in phase 11 of South Pars, but it has not started work practically,” he said. “Talks should be held with CNPC to determine when it will start its operational and executive activity.” In 2017, Total signed a contract to develop phase 11 of the South Pars ...
Russia & South Africa look to corner platinum metals market
Post Date: 2018-11-25 07:07:53 by Tatarewicz
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RT... Russia & South Africa look to corner platinum metals market The sun rises over Cape Town's historic Bo Kaap area, South Africa © Reuters The volume of trade between Russia and South Africa increased by 26 percent to almost $800 million in the first nine months of this year, according to Russian Minister of Natural Resources and Environment Dmitry Kobylkin. “The trade turnover between our countries is quite good. We hope it will reach $1 billion by the end of the year,” he said, adding that South Africa accounted for 20 percent of Russia’s total trade with all countries in the region. South Africa’s Minister of International Relations and Cooperation ...
The ‘Neo-Banks’ Are Finally Having Their Moment
Post Date: 2018-11-24 00:23:17 by Tatarewicz
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NYT... SAN FRANCISCO — After the financial crisis 10 years ago, unhappy customers were expected to flee the megabanks for smaller competitors. It didn’t happen. And the big banks became even more entrenched. Now another wave of alternative banks are at it again, and they say they’ve learned from the mistakes of the upstart banks that tried — and failed — before them. Chime, the biggest new name to pop up, has opened two million fee-free online checking accounts and is adding more customers each month than Wells Fargo or Citibank. That has inspired a crop of newer start-ups, like Empower, which started its first fee-free online checking accounts, with lots of ...
Conspiracy No More, Andrew Jackson On Wall Not A Coincidence, Central Bank Is The Target: Bob Kudla
Post Date: 2018-11-22 20:03:30 by BTP Holdings
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Today's Guest: Bob Kudla Poster Comment:Bankruptcy is on the horizon for many big companies, many of them public utilities.
Iran official rejects Iraqi gas payment in dinar
Post Date: 2018-11-21 08:28:18 by Tatarewicz
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PressTV... Iran's gas supply to Baghdad began last June at a rate of 7 million cubic meters per day. Iran’s Deputy Minister of Petroleum Amir Hossein Zamaninia says Iraq has to pay in euros for the gas imported from Iran, dismissing the use of the Iraqi dinar for the payment. “The National Iranian Gas Company does not agree that the payment for exports of gas to Iraq should be made in dinars because it should be made in euros, according to the contract,” ISNA news agency quoted him as saying. His remarks came after Iranian Ambassador to Baghdad Iraj Masjedi told Fars news agency that Tehran and Baghdad were considering using the Iraqi dinar in their transactions ...
Hell Hath No Fury Like a Liberal Scorned: The Media Turns on Facebook and Google
Post Date: 2018-11-20 10:33:44 by Ada
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Here's the ugly truth: Facebook and Google are profit-maximizing quasi-monopolies who will do anything to protect their monopolies. Of the many remarkable trend changes of the past year, few are more striking than the fawning embrace of Facebook et al. by Big Media turning to an enraged sense of betrayal. Facebook and Google--by their own self-definitions, shining beacons of liberalism and goodness (we're not evil, we're fantabulous!)-- were viewed by the famously liberal Big Media as allies in the fight against Trump, illiberalism, populism, deglobalization, etc. Now, to their horror, Big Media has discovered that not only did their Big Tech sweethearts betray their ...
Ray Dalio: Losing 'Reserve Status' Would Lead To 30% Drop In The Dollar
Post Date: 2018-11-19 15:20:16 by Ada
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During a live interview with Barry Ritholtz for his "Masters In Business" podcast on Monday, Bridgewater Associates CEO - who has been on a seemingly never-ending media tour to promote his new free e-book "A Template For Understanding Big Debt Crises" - once again expounded upon his "1937" markets thesis: That is, his theory that the US economy increasingly resembles the late-cycle dynamic from the 1930s where equity prices topped out as the Federal Reserve tightened monetary policy. Like the 1930s, the global economy is awash and debt, and populist politicians gaining power and influence in the West. But more interesting than Dalio's retread of his ...
After the Retail Apocalypse, Prepare for the Property Tax Meltdown
Post Date: 2018-11-17 19:40:04 by Tatarewicz
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WEST BEND, WI—Kraig Sadownikow doesn’t look like an anti-corporate crusader. The mayor of West Bend, Wisconsin, stickers his pickup with a “Don’t Tread on Me” snake on the back window, a GOP elephant on the hitch, and the stars-and-stripes logo of his construction company across the bumper. His fiscal conservatism is equally well billboarded: In the two hours we spent at City Hall and cruising West Bend in his plush truck, Sadownikow twice mentioned the 6 percent he has shaved off the Wisconsin city’s operating budget since becoming mayor in 2011, and stressed its efforts to bring more business to town. So you might be surprised to learn that Sadownikow (he ...
Why house prices in global cities are falling
Post Date: 2018-11-14 23:45:43 by Tatarewicz
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Economist... Housing in the posher parts of global cities has become a distinct asset class CENTRE POINT, a tower that looms over central London, was empty for so long in the 1970s that it lent its name to a homelessness charity. Recently it was converted from offices to flats. Half are yet to find buyers. So the developer has taken them off the market pending a clearing of the political fog over Britain. Its boss complained to Estates Gazette, a trade paper, of bids that were “detached from reality”. One-bedroom flats were on sale for £1.8m ($2.4m). Get our daily newsletter Even flats with less hefty price tags have been hard to shift lately. Property prices in London ...
Deputy Minister: Iran to Boost Capacity to Use Renewable Energies to 1,000MW
Post Date: 2018-11-11 21:43:34 by Tatarewicz
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TEHRAN (FNA)- Iranian Deputy Energy Minister for Electricity and Energy Affairs Homayoun Ha'eri announced the country's plans to increase its capacity to generate 1,000MW of power from renewable energies by the end of the current Iranian year (started on March 21). "The capacity for generating power from renewable energies amounted to 500MW last year and this capacity will reach 1,000MW by the end of this year," Ha'eri said, addressing a ceremony to inaugurate a 10-MW solar power plant in the Central province of Qom on Saturday evening. The Iranian government has taken steps to bolster the country’s renewable energy market, including its 5,000 MW objective by ...
Larry Kudlow: US Economy Can Handle Estimated Budget Deficits
Post Date: 2018-11-11 12:42:22 by BTP Holdings
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Larry Kudlow: US Economy Can Handle Estimated Budget Deficits By Rob Williams | Tuesday, 13 February 2018 04:03 PM Larry Kudlow, the Reagan administration economist who advised the Trump campaign, said the U.S. economy can handle the trillion-dollar deficits that are forecast to result from President Trump’s budget proposal released on Monday. “The deficit is going to be 5.5 percent of GDP for fiscal 2019. Over 10 years, it’s going to average about 3.5 percent,” Kudlow said on business channel CNBC, which pointed out that the deficit’s portion of economic output will be smaller than it was during the financial crisis and parts of the Reagan era. “In the ...
It's Fraud & Theft, The Central Banks Get Special Set Of Laws To Steal Our Wealth: Mike Maloney
Post Date: 2018-11-10 16:07:41 by BTP Holdings
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Website: Gold Silvergoldsilver.com YouTube: Gold Silverwww.youtube.com/user/whygoldandsilver Mike has one of the world's most highly regarded investment education companies since 2005. He is author of the best selling precious metals investment book of all time, Guide to Investing in Gold and Silver. Mike is the creator of the video series Hidden Secrets Of Money, Mike has two new episodes out called Fall Of Empires: Rome vs USA Ep 9) & American Bread & Circus Ep 10). Mike is the founder and owner of GoldSilver.com
Iran, South Korea to Do Trade Exchanges in Local Currencies
Post Date: 2018-11-08 23:01:41 by Tatarewicz
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TEHRAN (FNA)- Tehran and Seoul reached an agreement to conduct their trade exchanges in their national currencies rather than the US dollar. The two countries will restart the won-based settlement of bilateral trade transactions using the accounts of the Central Bank of Iran at two South Korean banks: Woori Bank and the Industrial Bank of Korea, media reports said. The move came after the US announced on Monday that it had restored all Iran sanctions that had been lifted in 2015 after a nuclear deal was signed between the country and the six world powers. Following the US withdrawal from the Iran nuclear deal back in May and the reinstatement of economic sanctions on Iran, US President ...
India, Iran, Russia push alternative to Suez Canal
Post Date: 2018-11-01 00:10:35 by Tatarewicz
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PressTV... The International North-South Transport Corridor is to link the Indian Ocean and Persian Gulf via Iran to Russia and North Europe. India, Iran and Russia will meet next month to discuss the operation of a 7,200 km trade and transport corridor that presents a cheaper and shorter alternative to the traditional route through the Suez Canal. The International North-South Transport Corridor (INSTC), a multimode network of sea and rail routes, will link the Indian Ocean and the Persian Gulf via Iran to Russia and North Europe. The project comes in the backdrop of China’s multi-trillion-dollar One Belt One Road initiative. Within Iran, the two routes overlap in a potential boon ...
Rescuing the Banks Instead of the Economy
Post Date: 2018-10-31 08:07:49 by Ada
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You can’t bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose. That’s what happened in 2009 when President Obama came in. He invited the bankers to the White House and he said, “I’m the only guy standing between you and the mob with pitchforks,” by which he meant the voters that he was bamboozling. He reassured the bankers. He said, “Look, my loyalty is to my campaign donors not to the voters. Don’t worry; my loyalty is with you.” I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today’s show: Rescuing the Banks Instead of the Economy. Dr. Hudson is a ...
Trump Is Right, the Fed Is Crazy
Post Date: 2018-10-30 10:21:51 by Ada
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President Trump recently called the Federal Reserve’s interest rate hikes crazy. Leaving aside President Trump’s specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that “crazy” is a good way to describe the Federal Reserve. When not forced to use a government-created currency, individuals have historically chosen to use a precious metal such as gold or silver as money. The reasons include that precious metals are durable and their value tends to remain relatively stable over time. A stable currency ensures that prices accurately convey the true value of goods and services. A main value of a precious ...
This landmark LNG deal will change energy geopolitics forever
Post Date: 2018-10-29 03:11:05 by Tatarewicz
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RT... China’s LNG demand grew by a record 8 mt in 2017 and is set to expand by another record 12 mt this year, making up 50 percent of all global LNG demand growth, energy consultancy Wood Mackenzie said in a new report last week. The country’s spike in LNG usage comes as Beijing pushes forward with its plan to offset coal usage of both industrial and residential end users in an effort to curb rampant air pollution, particularly in its major urban centers. Beijing has mandated that natural gas make up at least 10 percent of its power generation energy mix by 2020, with further earmarks set for 2030. China’s increased LNG usage is already transforming global markets for the ...
Iran starts selling oil through its Energy Bourse
Post Date: 2018-10-28 22:17:39 by Tatarewicz
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PressTV... Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. hlsjs: Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Buyers were able to purchase as much as 280,000 barrels of Iran’s light oil at an average price of $74.85 in the ...
'EU to invite Russia, China to join alternative payment network for Iran'
Post Date: 2018-10-26 23:43:32 by Tatarewicz
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PressTV... The European Union plans to invite Russia and China to join a future alternative payment network to the global financial services provider SWIFT to circumvent the US sanctions on Iran, according to Russia’s EU ambassador Vladimir Chizhov. Speaking to the Rossiya-24 TV channel, the top Russian diplomat said the future transaction system will be open to an even broader set of parties after its initial launch, adding that "there is an understanding that they will create it on their own, put it into practice and then open it for third states." Chizov said the project to create a special mechanism for financial transactions with Iran bypassing the US sanctions is now ...
This Is How Manufacturing Is Coming Back To America, Flip The Narrative - Episode 1697a
Post Date: 2018-10-24 06:57:14 by BTP Holdings
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Get economic collapse news throughout the day visit http://x22report.com Report date: 10.23.2018 The economy if you go by the statistical numbers is doing better than it ever did before. But we know that this is not the true information on how the economy is doing. The economy has been manipulated for a long time and the manipulation is continuing to use it against the central bank and the deep state. The strategy is to get rid of the globalist system and reverse what has been done over the many years. So when we see China in the cross hairs we know that this is the strategy, show the corporations what China has been up to and make it impossible for companies to stay not just in China ...
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