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Hedge Funds Are the Robber Barons of Our Time (Podcast)…

The hedge fund industry grew up quietly out of almost nothing into this enormous force on Wall Street. There’s almost $3 trillion estimated to be under management at hedge funds around the world — but hedge funds are lightly regulated, so we don’t always know what’s going on in that sector. The people who have […]

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Ivy League Schools Receive $41 Billion from Government in Six Years…

According to a release by the non-profit organization Open the Books, which seeks to increase government transparency by releasing documents revealing government spending, the eight Ivy League schools received $41 billion between the fiscal years of 2010 and 2015. Some are arguing that the spending is particularly concerning considering that the eight Ivy League schools […]

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Moscow And Beijing Join Forces to Bypass U.S. Dollar in World Money Markets…

Russia’s central bank opened its first overseas office in Beijing on Thursday, marking a small step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system. It was part of agreements made between the two neighbours to seek stronger economic ties since the West brought in sanctions against Russia […]

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Last Major Insurer Reportedly Plans to Abandon Most Obamacare Markets Next Year…

One of the consistent and factually-correct refrains from Republican critics of Obamacare — the president especially — is that the current law is failing and getting worse. Democrats inadvertently confirm this reality when they accuse Republicans of “sabotaging” the law by allowing it to be followed as-written. Unstable risk pools disrupted by adverse selection are […]

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Westinghouse Bankruptcy Puts Fate of Four U.S. Nuclear Reactors in Limbo…

When Westinghouse Electric filed for Chapter 11 bankruptcy protection on Wednesday morning, few were surprised as the outcome was the only one which allowed the company’s troubled, and near-insolvent Japanese parent, Toshiba, to continue operating, even if it meant the bankruptcy of the iconic company. Westinghouse was one of the originators of the nuclear age, […]

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Tehran, Moscow Dumping the U.S. Dollar. Will Use National Currencies in Mutual Settlements…

CBI Governor Valiollah Seif said the project to use national currencies in trade transaction between Iran and Russia was in final stages. Governor of Central Bank of Iran, upon returning from Moscow, said talks were held with the Central Bank of Russia over linking Mir payment system of Russia and Iran’s Shetab (Interbank Information Transfer […]

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Number of U.S. College Grads Working for Minimum Wage Jobs Hits All-Time High…

Jobs in professional fields are paying less than they did before the 2007 crisis, and many recent college graduates are settling for work in low-paying sectors of the economy, where gains in wages and promotions happen more quickly for highly-qualified employees. Kristian Rouz – Wage stagnation, which has plagued the US economy for almost two […]

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EU Blocks Stock Exchange Mega-Merger Between Germany and Britain…

EU antitrust regulators have rejected the proposed €29 billion ($31.3 billion) merger of Deutsche Boerse and the London Stock Exchange (LSE). The combined exchange would have become the largest in Europe. “The Commission cannot allow the creation of monopolies, and that is what would have happened in this case,” Margrethe Vestager, the EU’s antitrust commissioner, […]

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Partner at Paulson & Company Jumps to His Death in Midtown Manhattan…

A 56-year-old partner at Paulson & Co., who was best known for losing billions of his clients’ money to Bernie Madoff’s Ponzi scheme when he ran the Fairfield Greenwich fund of funds, leaped to his death from the luxury Sofitel hotel in midtown Manhattan. Charles W. Murphy was wearing a dark business suit when he […]

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Consumer Confidence Soars Highest in 16 Years…

Consumer confidence in March soared to the highest level in more than 16 years, according to data released Tuesday. The Conference Board said its consumer confidence index leapt to 125.6 in March from 116.1 in February, coming in well ahead of the MarketWatch-compiled consensus of 114.1. The reading gave a pop to U.S. stocks DJIA, […]

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London Is Crowned Global Finance King…

London has kept its crown as the world’s top financial centre in a big boost for Britain following the Brexit vote. The capital once again pipped New York to the number one spot in the twice-yearly Global Financial Centres Index, despite concerns about the impact of leaving the European Union on the City. The report […]

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Taxpayers Spend 6.1 Billion Hours, $234 Billion Per Year on Tax Compliance…

Taxpayers spend 6.1 billion hours a year just to comply with the federal tax code, according to experts at a Tax Foundation event on Monday. Pete Sepp, president of the National Taxpayers Union, said that tax compliance costs taxpayers $234 billion per year in direct costs and lost productivity. “The problem is the status quo—thinking […]

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One-Million-Dollar Coin Stolen from Berlin Museum…

The face value of the coin is one million dollars, but its market value is estimated at four million dollars. Called the “Big Maple Leaf,” the piece weighs 100 kilograms (220 pounds). Issued by the Royal Canadian Mint in 2007, like all Canadian coins, it features the portrait of Queen Elizabeth II. It has a […]

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EU Clears U.S. Chemical Giants Merger…

On Monday, the European Commission cleared the merger between US chemical companies Dow and DuPont. It said the $130-billion merger would not affect competition on price and choice, and would not reduce innovation. This is on condition that DuPont divests its global pesticide business, including its global research and development branches…

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First Time In History, Mortality Rate Among Middle-Aged Whites Outpaces Blacks…

White middle-aged Americans are dying at faster rates than any time in recent memory, according to research by Princeton University Professors Anne Case and Angus Deaton. Mortality rates for white non-Hispanic persons with a high school education or less now surpass those of blacks overall, the professors found. In fact, death rates are 30 percent […]

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David Rockefeller & October Surprise Case by Robert Parry…

On March 23, 1979, late on a Friday afternoon, Chase Manhattan Bank Chairman David Rockefeller and his longtime aide Joseph Verner Reed arrived at a town house in the exclusive Beekman Place neighborhood on New York’s East Side. They were met inside by a small, intense and deeply worried woman who had seen her life […]

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Starbucks Doubles Down on Military Hiring After Boycott Threats…

Starbucks Corp., after facing a backlash for promising to hire refugees, plans to employ more U.S. military veterans. The coffee retailer will hire 25,000 veterans and their spouses by 2025, it said on Wednesday. Starbucks already has brought on 10,000 of them, ahead of a previously set goal. As part of its global expansion, more […]

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How Antonio Lee Snuck A Fake $3.6 Trillion Acquisition Past The SEC…

Antonio Lee, “an American entrepreneur” and “world renowned artist,” can be described as almost anything except humble…”scam artist” fits pretty well. According to his official bio, Lee began his career in the cosmetology field, “as a barber”, but quickly decided he was better suited to raise a $1 trillion “art investment fund”…

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