In the United States, there are one million children under the age of six on psychiatric drugs. This number is particularly disturbing, considering the horrifying side effects and ineffectiveness of a good number of these types of harmful drugs. One in six Americans overall regularly take some type of medication in this category. However, children […]
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Jobless Claims Plunge to 222,000, Second-Lowest Mark in Decades…
New applications for unemployment benefits dropped 7,000 to 222,000 in the second full week of February, the Department of Labor reported Thursday, the second-lowest mark of the recovery and a good sign for the economy. Forecasters had expected new jobless claims to remain steady at an ultra-low 230,000. Lower claims are good news because they […]
U.S. Stocks Rebound…
U.S. stocks rose on Thursday, with major indexes on track to snap a multiday skid, following upbeat data on the labor market which may have momentarily offset jitters over inflation and rising bond yields. The Dow Jones Industrial Average DJIA, +0.77% gained 324 points, or 1.3%, to 25,122. The S&P 500 SPX, +0.33% added 26 […]
Russian Central Bank Gold Reserves Rise to 1,857 Tons in January, Passing People’s Bank of China’s 1,843 Ton Gold Hoard…
Russian gold reserves are now the fifth largest in the world. Russia added 600,000 ounce of gold (18.66 tons) to reserves in January. Russia added a record 224 tons of gold to reserves in 2017. Since June 2015, the Central Bank of Russia has added over 576 tons of gold to reserves. Overall Russian reserves […]
The Federal Government Can’t Account for $21 Trillion. Does Anybody Care?…
On September 10, 2001, then Secretary of the Department of Defense Donald Rumsfeld said that for the 1999 DOD budget, “According to some estimates, we cannot track $2.3 trillion in transactions.” The War On Waste The following day the US sustained the terrorist attacks that forever changed our world, and this startling revelation was largely […]
Justin From Canada Attempts Backup Option for Trade Mistakes, Fails Miserably…
NAFTA is as precarious as a slow-spinning plate on a stick. Mexico and Canada are both taking half-hearted turns recharging the momentum – while simultaneously looking for trade options due to, well,.. the inevitable. The basic issue is a simple one; for the U.S. NAFTA has a fatal flaw. Canada and Mexico are used by […]
Ukrainian Cyber-Thieves Bagged $50M in Bitcoin Phishing Scam…
Security analysts at the US technology corporation Cisco have exposed a bitcoin phishing scam, which involves web resources disguising themselves as one of the world’s most popular online wallets, Blockchain.info. Cisco has been investigating the case over the past six months in partnership with Ukrainian Cyber-police, according to the firm’s security experts Dave Maynor and […]
Investigation: The Dirty Secret Behind Warren Buffett’s Billions…
After the worst financial collapse since the Great Depression, three officials from the Financial Crisis Inquiry Commission visited Warren Buffett at his office in Omaha, Nebraska. They wanted to ask America’s most successful investor about his 24 million shares in the credit-rating agency Moody’s. The commission would later identify Moody’s and other rating agencies as […]
SEC Blocks Chicago Stock Exchange Sale to China-Based Investors…
U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor the exchange after the deal. The move by the Securities and Exchange Commission (SEC) ends a two-year battle […]
Average Monthly Paycheck Rises $131 after Trump Tax Cut, Here’s How They Are Spending It…
Americans’ monthly paychecks increased by an average of $130.76 in February thanks to the new 2018 tax plan changes, according to a new LendEDU survey, with a majority of respondents saying they will use the extra income to pay down credit card debt. As a result of the Tax Cuts and Jobs Act of 2017, […]
Swan Song Of The Central Bankers, Part 2: Yellen’s “My Girl”…
If you wonder why things are going to get a lot worse before they get better—just consider the following tidbit from today’s political gleanings. It essentially cements the case that Washington is heading straight into a bond market conflagration that will wreak havoc on the Wall Street end of the Acela Corridor. It seems that […]
Republican Senator Ron Johnson Tells President Trump “it makes no sense to try and bring back high labor manufacturing jobs”…
Yesterday President Trump invited the media to keep their cameras on during a round-table discussion on trade. He did this for a reason. President Trump wanted the American voters to watch Republican politicians demand that he stop trying to bring manufacturing jobs to the United States. In essence, Trump doing what Trump does best, played […]
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Trump Administration Proposes ‘Blue Apron-Style’ Program to Deliver Food to SNAP Recipients…
The U.S. Department of Agriculture (USDA) noted that under the plan, which is included in the 2019 budget, those receiving more than $90 a month in benefits would receive “nutritious, U.S.-grown and produced food” in a “Harvest Box” that would make up half of a recipient’s allotted benefits for the month. The rest of the […]
OMB Director Mick Mulvaney Interview on Spending Bill and 2019 Proposed Budget…
Office of Management and Budget (OMB) Director Mick Mulvaney explains how the Spending Bill compromise hammered out last week during the brief overnight shutdown, and its rippling effects on the 2018 Operating Budget and the 2019 Proposed Budget. A lot of information packed into this 14 minute interview…
Cryptocurrency Regulation Is ‘Inevitable,’ Says IMF Boss Lagarde…
It’s only a matter of time before cryptocurrencies come under government regulation, according to the head of the International Monetary Fund (IMF) Christine Lagarde. “It’s inevitable,” she told CNNMoney, adding “It’s clearly a domain where we need international regulation and proper supervision.” She also noted that “there is probably quite a bit of dark activity […]
Trump Touts Infrastructure Plan as Alternative to ‘Stupidly’ Blowing Money in the Middle East…
President Trump on Monday touted his plans for infrastructure spending as a way to spend taxpayer dollars on Americans, instead of wasting it on the Middle East. “This will be a big week for Infrastructure. After so stupidly spending $7 trillion in the Middle East, it is now time to start investing in OUR Country,” […]
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Trump’s $4 Trillion Budget Proposal Unveiled: Here Are the Main Highlights…
As previewed last night, President Donald Trump has proposed to Congress a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and in the biggest surprise leaked last night, and unlike the plan he released last year, never comes close to promising a balanced federal ledger even after 10 […]
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U.S. Debt to Hit $30 Trillion in 2028 Under Trump Budget…
On Friday, with the US on the verge of another government shutdown and debt ceiling breach (with the agreement reached only after the midnight hour, literally) Moody’s warned Trump that he should prepare for a downgrade from the rating agency that refused to join S&P in downgrading the US back in August 2011. The reason: […]
Food Stamp Enrollment Drops by Four Million in One Month…
Four million people dropped off the food stamp rolls in one month, according to the latest numbers on food stamp enrollment from the U.S. Department of Agriculture (USDA). The latest USDA data show that the number of participants in the Supplemental Nutrition Assistance Program (SNAP), the government program that administers food stamps, dropped from 45,666,795 […]
IRS Overpaid Nearly $3.5B in Obamacare Tax Credits in 2017, Can’t Recoup Money…
The IRS overpaid nearly $3.5 billion in Obamacare tax credits last year that it cannot recoup because of constraints built into the program, frustrating Republicans who have failed to repeal the health care law but say that money could have been spent on programs for veterans or infrastructure. A Treasury watchdog said the government paid […]
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