In a bid to discredit a Columbia University cancer expert who says Monsanto’s Roundup weed killer is carcinogenic, lawyers for the agrichemical giant accused him on Wednesday of lying under oath about the purported link between Roundup and cancer, in a contentious California jury trial over whether the weed killer caused a Bay Area man’s […]
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Nomi Prins on the Banks That Run the World (Audio and Transcript)…
In this week’s episode of “Scheer Intelligence,” host and Truthdig Editor in Chief Robert Scheer talks with Nomi Prins about her latest and, in Scheer’s words, “most ambitious” book, “Collusion: How Central Bankers Rigged the World.” The two discuss the 2008 financial crisis and the disconnect between governments and the governed, as well as Prins’ […]
China Files WTO Challenge to U.S. $200B Tariff Plan…
China announced it filed a World Trade Organization challenge Monday to President Donald Trump’s latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute. The Trump administration has criticized the WTO as unable to deal with the problems posed by China, suggesting a challenge there might have little […]
“Godfather of Payday Lending” Stripped of $64 Million, Sentenced to 14 Years…
A former Main Line investment banker known as the “Godfather of payday lending” for preying on low-income borrowers was sentenced Friday to 14 years in federal prison and stripped of over $64 million in assets, reports philly.com. Lawyers for 77-year-old Charles M. Hallinan argued that the prison term might as well be a “death sentence” […]
EU President Donald Tusk Threatens U.S. President Trump: “appreciate your allies, after all you don’t have that many”…
Stunningly confrontational remarks today from EU President Donald Tusk as U.S. President Trump and First Lady Melania arrive in Brussels for a NATO summit. After destroying nationalistic Brexit plans for the U.K. to exit the European Union, the insufferable arrogance of the EU surfaces with pontificating snark. The EU might feel emboldened right now, but […]
Trump Freezes Billions In Obamacare Payments, Outraging Insurers…
The Trump administration halted billions of dollars in payments to health insurers after the Centers for Medicare and Medicaid Services, the agency that administers programs under Obamacare, announced on Saturday it was freezing payments to insurers that cover sicker patients, saying a federal court ruling ties its hands. The move brought a sharp response from […]
HHS Secretary Alex Azar: New Round of Drug Price Hikes a ‘Tipping Point’…
President Trump’s top health official said “change is coming” to drug pricing in the wake of a new round of price hikes. Health and Human Services Secretary Alex Azar’s comments followed Trump’s tweet at Pfizer for raising drug prices last week on more than 40 products, more than a month after Trump said that drug […]
June Jobs Report: 213,000 Jobs Added, Economy Expanding, Blue Collar Gains Most Substantive…
The Bureau of Labor Statistics presents the latest snapshot of jobs and employment. According to the BLS data, behind the 213,000 jobs added, the most significant gains all center around growth in durable goods, manufacturing, transportation/distribution and the ancillary business services directly connected to the blue collar sector. In addition, April was revised up from […]
601 People Charged in Massive, $2B Healthcare Scam…
The Justice Department on Thursday announced its largest-ever healthcare fraud enforcement action, and charged 601 people, including 165 medical professions, for making false medical claims worth $2 billion, a quarter of which was related to opioids. “This is the most fraud, the most defendants, and the most doctors ever charged in a single operation — […]
GAO Report Shows Revenue States Could Gain from Expanded Internet Sales Tax Ruling…
Forty-five states and the District of Columbia levy taxes on the sale of goods and certain services, including those sold remotely, such as over the Internet. In 1992, the Supreme Court ruled in Quill v. North Dakota that a state can only require a business to collect and remit sales tax if the business has […]
Debt-Ridden Puerto Rico Releases Its Long-Awaited Financial Statements–Here’s What They Say…
Puerto Rico’s continued financial mismanagement led to a deficit of over $600 million in 2015, adding to the island territory’s ongoing debt crisis, according to the government’s long delayed and only recently released 2015 financial statements. The financial statements, released three years after the close of the 2015 fiscal year, show that Puerto Rico continued […]
The Central Banking Heist Has Put the World at Risk…
“The 2008 financial crisis was the consequence of a loosely regulated banking system in which power was concentrated in the hands of too limited a cast of speculators,” Nomi Prins tell me. “And after the crisis, the way the US government and the Federal Reserve dealt with this corrupt and criminal banking system was to […]
EU Threatens $300 Billion Retaliation If U.S. Moves Ahead With Auto Tariffs…
More than a week after President Trump threatened to slap a 20% tariff on auto imports from the European Union, Brussels has issued a written warning to the US Department of Commerce with a threat of its own: If the Trump administration moves ahead with the auto tariffs, the bureaucrats in Brussels won’t hesitate to […]
Canada Makes Retaliatory Tariffs Official: ‘We will not back down’…
Canada’s foreign minister announced Friday that Ottawa plans to impose about $12.6 billion worth of retaliatory tariffs on U.S. goods on July 1, joining other major U.S. allies striking back in the escalating trade dispute. The country is working closely with the European Union and Mexico, according to Foreign Minister Chrystia Freeland. “We will not […]
CFPB Settles with Citibank on Overcharging Credit Card Rates…
The Consumer Financial Protection Bureau said Friday that it had reached a settlement with Citibank over the bank’s overcharging of customers on credit card rates. The bank will avoid civil penalties, on the grounds that it first reported the problem to the bureau and took steps to remediate it. Instead, the CFPB required the bank […]
According to CNBC the Dow’s 31 Percent Gain During Trump’s First Year Is the Best Since FDR…
Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt. The Dow has surged more than 31 percent since Trump’s inauguration on Jan. 20, 2017. That marks the index’s best performance during a president’s first year since Roosevelt. The Dow skyrocketed 96.5 percent […]
America’s Severe Trucker Shortage Could Undermine the Prosperous Economy…
Bob Blocksom, an 87-year-old former insurance salesman, needs a job. He hasn’t saved enough money for his retirement. And trucking companies, desperate for workers, are willing to give him one. Age didn’t matter, they said. If Blocksom could get his “CDL” — commercial driver’s license — they would hire him for a $50,000 job. One […]
Atlanta Fed Forecasts Second Quarter GDP to Hit 4.5 Percent, Down from 4.7 Percent…
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a “nowcast” of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. […]
Brazil’s Petrobras to Pay $3B in Reparations to U.S. Investors…
Brazilian state oil company Petrobras announced Monday that it would pay almost 3 billion U.S. dollars in reparations to U.S. investors who were harmed by the corruption ring within the firm. Brazil’s largest company was sued in a class action lawsuit, which was approved on June 22 by a federal court in New York. In […]
KABOOM!: Supreme Court Rules That States Can Require Collection of Online Sales Taxes…
The Supreme Court ruled Thursday that states can require out-of-state online retailers to collect sales taxes, reversing a previous high court decision that limited collections to stores with a physical presence and paving the way to more online sales taxes nationwide. In a 5-4 decision written by Anthony Kennedy, the court ruled that that physical […]
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