It’s no secret that buying a home for under US$1 million in the San Francisco Bay Area is a nearly impossible task. Case in point: Somebody has paid over US$900,000 for a burned-out home. The one-story, single-family house at 1375 Bird Avenue in San Jose, California, was ravaged by fire two years ago. In photos, […]
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New Report on Crypto Ownership Shows ‘Majority of Early Adopters Already on Board’…
New research into the current state of global bottom-up adoption of cryptocurrencies was released in a report by Dalia Research on their Medium blog, May 9. The report shows differences in crypto ownership and knowledge along lines of education, gender, and nationality. The analysis attempted to “measure the spread of awareness, knowledge, buying intention and […]
For the First Time Ever, America Has Enough Jobs for Everyone…
There were a record 6.6 million job openings at the end of March, the Labor Department said. With unemployment down at 3.9 percent, that means there are enough jobs to employ everyone looking to work for the first time since the data began to be collected. Not everyone will get a job, as openings are […]
Here’s What Will Drive Oil Prices After Trump’s Iran Decision…
So far, so good for investors. Wall Street isn’t sweating President Donald Trump’s decision to withdraw the U.S. from the Iran nuclear agreement and reimpose sanctions on Tehran. But will the calm hold? Much will depend on the reaction by Iran as well as by other participants in the multilateral agreement that was designed to […]
Elder Financial Fraud Is Worse Than We Thought. Here’s What We Can Do About It…
Our parents’ financial rules of thumb were pretty simple and easy to follow: Neither a borrower nor a lender be, pay back your mortgage before retiring, and balance your bank checkbook every month to be sure you’re living within your budget. By contrast, today’s financial marketplace is far more complex, with its multitude of online […]
How Walmart Is Helping Prosecutors Pursue 10-Year Sentences for Shoplifting…
It was late afternoon on Dec. 26, 2016 — the day after Christmas, a day when most stores are busy processing the returns for unwanted gifts — when Curtis Lawson entered a Walmart in Knoxville, Tennessee. He had a receipt for $39.57 in purchases made earlier that month. He needed cash. He walked through the store, picking up the […]
Housing Confidence Hits Record High…
Supply is tight, prices are soaring and mortgage rates are rising. That shouldn’t exactly add up to a happy housing market, and yet, it does. Consumer confidence in housing jumped to its highest level on record in April, according to a monthly sentiment index from Fannie Mae. Of the index’s six components, only the share […]
Amazon Drops Christian Non-Profit from Donations Program After SPLC Declares It a ‘Hate Group’…
Technology giant Amazon has dropped a Christian non-profit, the Alliance for Defending Freedom, from the AmazonSmile charity donation program after the SPLC deemed the organization a “hate group.” According to the Federalist, the Alliance for Defending Freedom (ADF), a non-profit law firm that defends Christians in cases of religious freedom, revealed in a statement on […]
Commerce Secretary Wilbur Ross Discusses China Trade Visit…
Commerce Secretary Wilbur Ross discusses the ongoing trade initiatives with China ahead of the U.S. delegation departing later tonight. Secretary Ross, Treasury Secretary Mnuchin, U.S. Trade Representative/Ambassador Robert Lighthizer, Economic Council Chairman Larry Kudlow and White House Trade Adviser Peter Navarro are all heading to Beijing to meet with their Chinese counterparts…
Wilbur Ross Joins China Delegation, Trump Extends EU, NAFTA Steel Tariff Exemption 30 Days…
President Trump’s MAGAnomic team have announced a 30-day extension for the Steel (25%) and Aluminum (10%) tariffs for the European Union, Canada and Mexico. Also, after a prior agreement with South-Korea, the “KORUS” deal, team U.S.A. has also reached an agreement in principle with Australia, Argentina and Brazil which will be finalized in next 30 […]
Related
Inflation Reaches Key Threshold for Fed Rate Hikes…
Inflation for the first time in several years has increased to the Federal Reserve’s annual target, the Commerce Department reported Monday, reaching a key threshold for the future of U.S. interest rates. The personal consumption expenditures (PCE) index, the Fed’s inflation barometer, increased 2 percent in the 12-month period ending in March, according to data […]
Wall Street Admits Curing Diseases Is Bad for Business…
Goldman Sachs has outdone itself this time. That’s saying a lot for an investment firm that both helped cause and then exploited a global economic meltdown, increasing its own wealth and power while helping to boot millions of Americans out of their homes. But now Goldman Sachs is openly saying in financial reports that curing […]
Americans Fleeing Tax-Heavy Blue States at a Record Pace Due to GOP SALT Cap…
Over the past decade, about 3.5 million Americans have relocated from high-tax blue states like California and those in the Northeast, to low-tax red states like Texas and Arizona — and the change is likely to accelerate. So say Arthur Laffer and Stephen Moore, co-authors of a report from the American Legislative Exchange Council, in […]
Chicago Is Trying to Pay Down Its Debt by Impounding Innocent People’s Cars…
On June 21, 2016, Chicago police pulled Spencer Byrd over for a broken turn signal. Byrd says his signal wasn’t broken, but that detail would soon be the least of his worries. Ever since, Byrd has been trapped in one of the city’s most confusing bureaucratic mazes, deprived of his car and his ability to […]
The Connection Between Russia and 2 Green Groups Fighting Fracking in U.S….
New Yorkers who are missing out on the natural gas revolution could be victims of Russian spy operations that fund popular environmental groups, current and former U.S. government officials and experts on Russia worry. Natural gas development of the celebrated Marcellus Shale deposits has spurred jobs and other economic growth in neighboring Pennsylvania. But not […]
U.S. Eases Sanctions on Aluminum Firm Tied to Russian Oligarch…
The Treasury Department Monday eased sanctions on Russian aluminum producer Rusal and said it would consider lifting them altogether if the company severs ties with Oleg Deripaska, a Russian oligarch with close ties to President Vladimir Putin. Rusal was sanctioned earlier this month by Treasury’s Office of Foreign Assets Control because of Deripaska’s stake in […]
U.S. Oil Floods Europe, Hurting OPEC and Russia…
As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has […]
1 in 5 Financial Institutions Exploring Crypto Trading, Survey Finds
Mass media company Thomson Reuters has found that one in five of its financial services clients is considering trading cryptocurrencies this year. The firm recently surveyed more than 400 clients on its data and trading platforms, including Eikon, REDI, FXall and Elektron. About 20 percent of these clients were “really interested and actively exploring” launching […]
To ‘Protect’ Workers, World Bank Calls for Eliminating Minimum Wage, Giving Employers More Power…
In a major blow to labor rights, the World Bank in its annual flagship report, World Development Report, has called for the credit-states or “poor countries” to have fewer workers’ regulations, like eliminating a requirement for minimum wage, allowing the employers to fire workers without cause, and repealing laws limiting abusive employment contract terms. The […]
NAFTA Now Bananas – Canada and Mexico Propose U.S. Should Apply Import Tax to Canadian and Mexican Autos…
Representatives from Canadian, Mexican and the U.S. are in the deepest weeds within NAFTA negotiations and some of the proposals are flat out nuts. Within the auto-sector the “Rules of Origin” continue to be one of the biggest sticking points. The U.S. position is that 80% or more of a vehicle made in the U.S., […]
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