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Finance

Latest News

Martin_Shkreli

August 4, 2017 at 4:18 pm

Martin Shkreli Convicted Of Securities Fraud…

Moments ago, the Martin Shkreli jury announced its verdict, and while the ex-pharma exec was found not guilty on 5 of 8 counts, he was also found guilty on 3 of 8 counts, namely count 3: Securities Fraud, count 6: Securities Fraud, and count 8: Conspiracy to Commit Securities Fraud. As a result, as Bloomberg […]

ER_Doc

August 3, 2017 at 8:02 pm

Soon U.S. Will Deal with a Shortage of 90k Doc’s…

America will soon face a shortage of as many as 90,000 doctors. CBS2’s Dr. Max Gomez reports a combination of retiring doctors and increasing demand will lead to a significant need for primary care physicians. But some medical schools are working to ease the problem. Dr. Katelyn Norman just started her internal medicine residency at […]

Ben_and_Jerrys_Ice_Cream

August 3, 2017 at 7:58 pm

Ben and Jerry’s Faces Boycott Threats…

Ben & Jerry’s — a brand famous for its quality and eco-friendly practices — is under fire after a test uncovered a controversial ingredient in its ice cream. The Organic Consumers Association (OCA) found glyphosate, the main ingredient in weedkillers like Roundup, in 10 out of 11 samples of the company’s ice cream flavors, the […]

I_Love_Obamacare

August 3, 2017 at 7:22 pm

Unfriggibelievable!!!: Health Insurers in Idaho Request Premium Rate Hikes as High as 81 Percent!!!

Health care insurers in Idaho have requested premium rate hikes as high as 81 percent for next year, according to the state’s Department of Insurance. The five insurers serving the individual market in Idaho are Blue Cross of Idaho Health Service, Mountain Health Co-Op, PacificSource Health Plans, Regence BlueShield of Idaho, and SelectHealth…

central-banks-are-making-the-same-mistake-that-led-to-the-2008-financial-crisis

August 3, 2017 at 7:22 pm

Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends, Crimp Lending, Constrain Economy…

When tighter regulations were imposed on the banks after the Financial Crisis, the largest among them, the very ones that threatened to bring down the financial system, began squealing. Those voices are now being heard by Congress, which is considering deregulating the banks again. In particular, they claim that current capital requirements force banks…

Retailer_Store_Closings_2017

August 2, 2017 at 4:18 pm

More Than 6,300 Retail Stores Are Shutting Down-the Full List…

Retailers are closing thousands of stores following years of declines in sales and customer traffic. We compiled a list of the 6,375 closures that have been announced so far in 2017. Some retailers have released lists of which of their locations will be closing. To find out if a store near you is shutting down, […]

Wall_Street_NYSE

August 2, 2017 at 4:18 pm

Dow Cracks 22,000, Apple Rally Leaves Other Tech Behind…

The Dow peaked above the 22,000 mark for the first time on Wednesday, powered by Apple’s healthy quarterly iPhone sales, while weakness in other tech stocks pulled the Nasdaq and S&P 500 lower. Apple jumped 4.90 percent to a record high after the world’s largest publicly listed company reported strong results. It is up about […]

Bitcoin_Currency

August 2, 2017 at 3:00 pm

Bitcoin Forks…

Bitcoin, a digital currency worth $43 billion USD, is in uncharted and potentially risky territory after a split created two versions on Tuesday: the original bitcoin that’s existed since 2008, and the new Bitcoin Cash, which aims to be a more populist alternative. The split in the network was triggered on Tuesday afternoon (all times […]

Trump_Cotton_Perdue

August 2, 2017 at 2:14 pm

Trump, GOP Senators Champion Bill to Cut Legal Immigration Levels…

President Trump joined two Republican senators on Wednesday to champion legislation overhauling legal immigration in America, calling for a merit-based system that would significantly cut admissions over the next decade. Speaking at the White House, the president called it “the most significant reform to our immigration system in a half century”…

H-1B Visas_AP

August 2, 2017 at 2:13 pm

H-1B: It is NOT a Matter of Degree…

As any reader should know, I consider the biggest obstacle — indeed a danger — to genuine reform of the H-1B work visa program (other than lack of political will) is what I call the Intels Good, Infosyses Bad (IGIB) myth. The presumption there is that the Indian firms such as Infosys who hire H-1Bs […]

Related

  • New Data on H-1B Visas Prove That IT Outsourcers Hire a Lot But Pay Little…

house

August 2, 2017 at 1:58 pm

New Rule Makes it Easier to Get a Mortgage with Student Loan Debt…

For millions of Americans drowning in student loan debt, the prospect of getting a mortgage might seem out of reach. Last week, Fannie Mae changed underwriting rules that could make it much easier for people with student loan debt to qualify for a mortgage. Here are the details. The new rule impacts people with federal […]

Wages_Salaries_Government_Employment_Private_Sector

August 1, 2017 at 5:39 pm

A Quarter Trillion Dollars in U.S. Savings Was Just “Wiped Away…

As part of its historical revision to GDP, the BEA also had to adjust personal income and spending, with the full results released in today’s July report. What it revealed was striking: over the revised period, disposable personal income for US household was slashed cumulatively by over $120 billion to just under $14.4 trillion, while […]

Airline_Seat_ReutersMedia

July 31, 2017 at 2:29 pm

U.S. Government Ordered to Solve ‘Case of the Incredible Shrinking Airline Seat’…

U.S. aviation authorities were ordered back to the drawing board on Friday to solve what a federal appeals judge called “The Case of the Incredible Shrinking Airline Seat.” Judge Patricia Millett told the Federal Aviation Administration to take another look at an advocacy group’s assertion that shrinking airline seats are imperiling passenger safety…

wells-fargo-scandal

July 28, 2017 at 8:16 pm

“This Is A Full-Blown Scandal: It’s Unbelievable, Outrageous” – Comptroller Demands Heads Roll at Wells…

Wells Fargo is in boiling hot water. Again. One day after the NYT reported the latest major scandal involving Warren Buffett’s favorite bank, in which the bank was busted less than a year after its miss-selling fraud cost the former CEO his job, revealing that the bank charged some 800,000 customers for auto insurance they […]

chinext-7.27.2017

July 27, 2017 at 7:25 pm

Global Stocks Hit New All Time High as Dollar Rebounds; Europe Volatile on Earnings Deluge…

The levitation continues with S&P futures pointing to – what else – another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the Stoxx 600 report) which has seen European pharma giant AstraZeneca plunge 15%, the most on record, after its flagship lung cancer […]

Illinois_Budget

July 26, 2017 at 7:56 pm

Why Illinois Is In Trouble – 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10B…

Illinois is broke and continues to flirt with junk bond status. But the state’s financial woes aren’t stopping 63,000 government employees from bringing home six-figure salaries and higher. Whenever we open the books, Illinois is consistently one of the worst offenders. Recently, we found auto pound supervisors in Chicago making $144,453; nurses at state corrections […]

Ethereum_Bitcoin_Currency

July 26, 2017 at 7:24 pm

‘Sophisticated’ Ethereum Hack Steals $8M Worth of Cryptocurrency…

Hackers struck the Ethereum platform twice in consecutive weeks – this time stealing more than $8 million worth of cryptocurrency in the second Initial Coin Offering (ICO) heist. Veritaseum, the peer-to-peer software firm at the center of the hack, confirmed the theft Monday. The firm’s founder, Reggie Middleton, explained the incident on the Bitcoin Talk […]

irs

July 25, 2017 at 4:31 pm

IRS Doled Out More Than $24B in Potentially Bogus Refunds…

The IRS doled out more than $24 billion in potentially bogus refunds claimed under several controversial tax credits in 2016, according to a new audit that said $118 million was even paid to people who weren’t authorized to work in the U.S. in the first place. Some $16.8 billion in payments were made on improper […]

OMG_pop_art_Shutterstock_studiostoks

July 24, 2017 at 6:54 pm

SHOCKER: Colleges Stop Exorbitant Price Increases After Congress Caps Student Loans…

America’s colleges and universities have finally stopped their practice of annually gouging students with price increases for tuition, fees and room and board — to the accumulated tune of a growth rate of 400 percent in the last three decades. Labor Department statistics collected by The Wall Street Journal show that aggregate tuition increases in […]

deutsche bank

July 24, 2017 at 6:19 pm

“Worse Than People Can Imagine” – Deutsche Bank to Shift $350 Billion of Assets from London to Frankfurt…

In a project dubbed ‘Bowline’, Bloomberg reports that Deutsche Bank may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union. While not the first bank to threaten to move post-Brexit, […]

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