A leading researcher on a ridiculed taxpayer-funded study of duck penises is now using her expertise on orca whales and is going to the “March for Science” to protest budget cuts. Patricia Brennan, a visiting lecturer at Mount Holyoke College in Massachusetts, worked on the duck penis study that received $384,949 from the National Science […]
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Stock Markets Sit Blithely on a Powerful Time Bomb…
No one knows the full magnitude, but it’s huge. How big is margin debt really, and how much of a threat is it to the stock market and to “financial stability,” as central banks like to call their concerns about crashes? Turns out, no one really knows. What we do know: Margin debt, as reported […]
U.S. Oil & Gas M&A Sees Best Q1 Ever…
U.S. oil and gas mergers and acquisitions in Q1 2017 hit a record high value for a first quarter, boosted by a wave of mega deals and the attractive Permian shale play, PwC said on Thursday in its US Oil & Gas Deals insights. Investor enthusiasm was high in the first quarter this year, driven […]
Wall Street Is Pouring Money Back Into Shale…
With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel. The private equity industry raised an estimated $19.8 billion in funds for energy investment in the first quarter of this year, or about three times as much as the same period […]
Stocks and Precious Metals Charts – Paper, Numbers, and Dreams…
“The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickled down. Put it uphill and let it go and it will reach the driest little spot. But he didn’t know that money trickled up. Give it […]
Trump To Pick Shadow Banker For Key Fed Post…
The Federal Reserve’s vice chair for supervision is arguably the most important financial regulator in the federal government. No agency has greater oversight responsibility of U.S. financial institutions than the Fed. And the vice chair influences what kinds of trades those institutions can make, how they must prepare for unexpected losses, and what punishment to […]
Tucker Carlson Takes on Mark Cuban Over H1B Visa Laws (VIDEO)…
The minimum wage for H1B visa recipients is $60,000, unchanged from 1989. Let me emphasize that for you. Our government is permitting companies to bring in foreign skilled labor at 1989 wages, completely undercutting the American workforce and driving down wages. Annually, there is a quota of 85,000 new visas, with 20,000 reserved for master’s […]
Fannie and Freddie Finally Wake Up…
Spring is in the air signaling the start of homebuying season. But here in Las Vegas, buyers “are aplenty,” 1st Realty Group owner Thomas Blanchard tells the Las Vegas Review Journal, but “we just don’t have the properties to sell them.” It hardly seems possible, not enough homes for sale. After all, squatting in bank-owned […]
House Republicans Reveal Dodd-Frank Reform…
Members of the House banking panel revealed a 600-page proposal Wednesday evening to roll back the Dodd-Frank Act. The bill is the most aggressive plan so far by Republican leadership in Congress to loosen financial regulations after the financial crisis of 2007. President Donald Trump has taken the lead thus far for Republicans on banking […]
44% Of Americans Won’t Pay Any Federal Income Tax…
Many Americans won’t owe the government a dime today. More than four in 10 American households (44.3%) — or upwards of 76 million — didn’t pay any income tax to the federal government last year, according to data for 2016 from the Tax Policy Center. This year that number is expected to be roughly the […]
Meet the Banksters Whistleblower: Lucifer’s Banker (VIDEO & TRANSCRIPT)…
Brad Birkenfield, author of Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy, recounts the efforts he uncovered by his employer to help its clients cheat the US government out of tens of $billions in taxes. But despite his working with the government closely to expose the gigantic conspiracy between US-based tax […]
The Trump Reflation Fantasy Ends on Day 100 by David Stockman…
In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD. I’m referring to the “Mother of All Debt” crises, of course. The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s […]
Here Are the Stores Taking Hits, Closing Hundreds of Locations Nationwide…
For the retail industry’s brick-and-mortar stores, the realities of online shopping and changing tastes have driven down sales, causing hundreds of locations to close their doors. So what’s the status of the stores making headlines these days? Here’s a quick guide…
Big Pharma Funds “Independent” Advocacy Groups Attacking Drug-Price Reduction Bill…
Advertisements from seemingly independent advocacy groups are swamping Beltway newspapers with dire warning that recent proposals to lower drug prices will lead to dangerous consequences. In the last week alone, the ads have appeared in the Washington Post, Washington Times, Roll Call, The Hill, and Politico. The groups placing the ads have no obvious connection […]
BP Arctic Oil Well Still Leaking, Too Unstable to Shut Down…
BP and U.S. Environmental Protection Agency officials spent the holiday weekend trying to repair a leaking oil well on Alaska’s North Slope. Officials said the well is too unstable to shut down because of frigid temps in the high Arctic, but have released the pressure on one of the main leaks. It appears that 1.5 […]
Has Former Goldman Sachs President, Gary Cohn, Gone Rogue on Glass-Steagall?…
There are a few important things to know about Gary Cohn. Until Donald Trump tapped him to be the Director of the National Economic Council, he had worked at Goldman Sachs for a quarter century, rising to the position of President of the firm and second only to its CEO, Lloyd Blankfein. Cohn walked out […]
India’s Modi Launches 75 Cashless Townships Across 12 States…
Prime Minister Narendra Modi today launched 75 cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat. The towns span across 12 states contributing to around 1.5 lakh cashless transactions per day and around 5.5 crore transactions a year. Some of the prominent townships include those of state- owned Oil and Natural Gas Corp […]
Trump Strong Dollar Warning Sends U.S. Currency Tumbling…
President Donald Trump has triggered a sharp decline in the US dollar by criticizing the currency’s strength on the back of increased confidence in his presidency. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting – that will hurt ultimately,” said the […]
Internal BLM Memo Leaked: Trump’s Plan to Make America Great by Expediting Oil, Gas Production, Increasing Border Security, and Creating Jobs…
A Bureau of Land Management (BLM) internal working document that was leaked and reported on by the liberal Greenwire website spells out in detail President Donald Trump’s plan for making America great again. It lists expanding production of domestic energy resources, supporting law enforcement, the military, and enhancing border security…
Bank of England Pushed Banks to Rig Libor…
The Bank of England repeatedly urged commercial banks to lower their Libor settings during the financial crisis, according to a secret tape obtained by BBC journalists. The 2008 recording adds to evidence that the central bank participated in one of the biggest rate-rigging scandals in history, the U.K.’s national broadcaster said in a report. The […]
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