Every generation approaches the workplace differently. While talk over the last decade has largely focused on understanding the work habits and attitudes of Millennials, Visual Capitalist’s Jeff Desjardins points out that it’s already time for a new generation to enter the fold. Generation Z, the group born after the Millennials, is entering their early adult […]
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4,823 U.S. Banks Have Disappeared Since 1999…
At the end of 1999, the year that President Bill Clinton and his Treasury Secretary Robert Rubin brokered the deal to repeal the Glass-Steagall Act of 1933 and allow the casino investment banks on Wall Street to gobble up deposit-taking banks, there were 10,220 federally insured banks and savings institutions in the United States. Today, […]
Cryptos Are Surging: Bitcoin, Ethereum Hit One-Month Highs as Institutions Dip Toes…
Cryptocurrencies are surging while the US equity markets take the day off. Ethereum is up over 18% from Friday’s ‘close’ and the rest of the crypto space is a sea of green. While no immediate catalyst (headline or technical level) is clear, increasing chatter over institutional investors dipping their toes in the space have prompted […]
STUDY: Medical Bankruptcies at Every Income Level…
For many Americans, making their health a priority comes at a terrible cost. According to a new study published in the American Journal of Public Health, medical expenses are the cause of two-thirds of bankruptcy filings. It’s not just those with low incomes; medical expenses can hurt families at all income levels. The study, led […]
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‘Like Pulling Teeth’: In Trade Talks, China and U.S. Said to Be Far Apart on Structural Changes by Beijing…
“There are already significant doubts about what China is putting on the table,” one of the sources, who is familiar with negotiations, told the South China Morning Post. Over the course of trade talks, China has been recycling the same sort of offers like a “broken record”, the source said, adding that it was a […]
One Year After Dimon Slammed Bitcoin as a “Fraud”, JPM Launches Own Cryptocurrency…
The bank said “JPM Coin” will be used to offer instantaneous settlement for transactions in the bank’s large corporate clients in its $6 trillion-a-day payments business for large corporations and institutions. Unlike bitcoin, JPM Coin’s value won’t be subject to the whims of a secondary market; instead, ‘JPM Coin’ will join the ranks of so-called […]
Amazon Will Pay $0 in Federal Income Taxes for 2nd Year in a Row with Profits Doubled…
Amazon will pay $0 in federal income taxes for the second year in a row after its total profits doubled from $5.6 billion in 2018 to $11.2 billion in 2019. Amazon’s corporate tax filings reveal a federal income tax rebate of $129 million, or negative one percent because of unspecified tax credits and a tax […]
Florida Man’s $980k Refund Check from IRS Was First Clue Something Was Wrong…
It took a little time, but the IRS eventually realized it had a problem after it issued a refund check for $980,000 to a Florida man who’d claimed only about $18,000 in income for the 2016 tax year. A federal forfeiture complaint recently filed in U.S. District Court in Tampa lays out the story, according […]
Al Gore’s Global Warming Deliberate Fraud to Increase Governmental Power…
There is a serious question that no one wants to address. How did Al Gore create the global warming scare and earn hundreds of millions of dollars in the process? Before Al Gore, science was worried deeply about what we are experiencing today — global cooling. On April 28, 1975, Newsweek magazine published an article in which […]
National Debt Hits $22 TRILLION…
The national debt has passed a new milestone, topping $22 trillion for the first time. The Treasury Department’s daily statement showed Tuesay that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017. The debt figure has been rising at a faster […]
U.S. Job Opening Soar to All Time High: 800K More Than Unemployed Workers…
The Fed’s dovish U-turn appears in jeopardy again. After a modest slowdown in job openings which started in September and continued through November, today’s November JOLTS report – Janet Yellen’s favorite labor market indicator – for the month of December showed an unprecedented surge in job openings across most categories as the year wound down, […]
Netflix Paid Zip, Zero, Zilch in Federal or State Taxes…
Netflix didn’t pay a cent in state or federal income taxes last year, despite posting its largest-ever U.S. profit in 2018 of $845million, according to a new report. In addition, the streaming giant reported a $22 million federal tax rebate, according to the Institute on Taxation and Economic Policy (ITEP). Senior fellow at ITEP Matthew Gardner said […]
“Progressive” Attacks on Capitalism Were Key to Hitler’s Success…
The following, written in 1940, is excerpted from Interventionism, An Economic Analysis, which was originally part of Nationaloekonomie, the German predecessor to Human Action. Hitler, Stalin, and Mussolini constantly proclaim that they are chosen by destiny to bring salvation to this world. They claim they are the leaders of the creative youth who fight against […]
BB&T Acquires Suntrust In $66BN Deal Creating 6th Largest US Bank…
A more permissive regulatory environment culminated on Thursday in the biggest bank merger since the 2007-2009 financial crisis, and more deals are likely, analysts and investors said. U.S. regional lender BB&T Corp said it will buy rival SunTrust Banks Inc for about $28 billion in stock. The banks hope to close the deal later this […]
Mystery Surrounding ‘Lost’ $150M Crypto Fortune Deepens as Analysts Question Exchange Founder’s Death…
We were half-joking when we speculated last week that QuadrigaCX CEO Gerald Cotten – founder of a Canadian crypto exchange that has become embroiled in a $150 million fiasco after Cotten died and purportedly took the keys to the exchange’s cold wallets to his grave, rendering his customers’ coins immovable – faked his own death […]
‘Rain Tax’ Likely to Become Reality in New Jersey…
New Jersey is one of the highest taxed states in the country. Now, residents and businesses could be taxed extra … when it rains. Save it for a rainy day. Some of your hard-earned dollars may be taken away as the weather turns ugly and rain drops fall on the Garden State. A new bill […]
Letter: GM to Terminate 1,298 Salaried Employees…
Consistent with the “Worker Adjustment and Retaining Notification Act” (W.A.R.N.), General Motors LLC, and its subsidiaries, affiliates, and related companies, are providing notice of layoffs that will be affecting salaried employees at its GM Warren Technical Center…
Trump’s Plan to Improve Healthcare, That Everyone Said Wouldn’t Work, Is Already Working…
In June, the Trump administration instituted new rules that would allow small businesses and individuals to access health insurance through what the president called “ association health plans.” This would permit certain businesses and the self-employed to band together, even across state lines, to provide coverage for members outside of Obamacare’s strict rules. Critics declared […]
Trump Picks World Bank Sceptic David Malpass to Lead Institution…
US President Donald Trump is expected to tap Treasury Department official David Malpass as the US pick to lead the World Bank, according to senior administration officials, a clear sign the administration wants to rein in the international financial institution. Malpass, Treasury’s undersecretary for international affairs, has said global organisations like the World Bank “have […]
Foreign Workers See 4X the Job Growth of Americans in January…
For the month of January, foreign-born workers increased their labor participation rate year-to-year nearly nine times as much as native-born Americans. Likewise, foreign workers enjoyed nearly four times the job growth in January as American workers. While the foreign worker population increased about 3.4 percent year-to-year, the American worker population increased less than 0.9 percent […]