Obama pulled out his veto pen 12 times during his presidency. Congress only overrode him once. In late 2016, Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA). The bill would allow 9/11 victims to sue Saudi Arabia in US courts. With only months left in office, Obama wasn’t worried about the political price […]
Finance
Latest News
IRS Doesn’t Tell 1M Taxpaying Americans Illegals Stole Their Social Security Numbers…
The IRS has discovered more than 1 million Americans whose Social Security numbers were stolen by illegal immigrants, but officials never bothered to tell the taxpayers themselves, the agency’s inspector general said in a withering new report released Tuesday. Investigators first alerted the IRS to the problem five years ago, but it’s still not fixed, […]
Feds Paid $1 Billion in Social Security Benefits to Individuals Without a SSN…
The Social Security Administration paid $1 billion in benefits to individuals who did not have a Social Security Number (SSN), according to a new audit. The agency’s inspector general found errors in the government’s documentation for representative payees, otherwise known as individuals who receive retirement or disability payments on behalf of another person who is […]
Crazy!: Florida Man Charged With Plotting to Bomb Target…
A Florida man has been charged with plotting to plant bombs in at least 10 Target Corp stores and then profit when the blasts caused the company’s stock price to fall, federal prosecutors have said. Charles Barnett, 48, of Ocala, had asked a law enforcement informant to put the homemade bombs on the shelves of […]
Greenspan Endorses the Gold Standard…
In his remarkable essay, “Gold and Economic Freedom,” written in 1966, Alan Greenspan stated: Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, […]
Related
Here’s Why Your Auto Insurance Rates Have Soared Nearly 20% In The Past Several Years…
If you’re among the millions of Americans that have noticed your auto insurance premiums skyrocketing in recent years then you may want to thank the people in your life who habitually text and drive. Since 2009, the average, annual U.S. car-insurance premium has risen over 17%, to $926 in 2016, according to trade group Insurance […]
Kraft Heinz Pulls Plug on Massive Unilever Bid…
Never mind. Two days into its public courtship of Unilever, Kraft Heinz is walking away, scuttling what would have been one of the biggest brand mash-ups ever. The food conglomerate, which is backed by investor Warren Buffett, withdrew its $140 billion-plus takeover bid for European consumer products giant Unilever (UL). “Kraft Heinz has amicably agreed […]
Scheme Tied to UnitedHealth Overbilled Medicare for Years, Suit Says…
UnitedHealth Group, one of the nation’s largest health insurers, is accused in a scheme that allowed its subsidiaries and other insurers to improperly overcharge Medicare by “hundreds of millions — and likely billions — of dollars,” according to a lawsuit made public on Thursday at the Justice Department’s request. The accusations center on Medicare Advantage, […]
Rand Paul: Repeal Now, Replace Now!…
Weak-kneed Republicans are starting to stammer, talk of delay and say we can’t repeal all of Obamacare. One GOP plan even keeps the Obamacare taxes. Another GOP plan says to blue states: “If you like Obamacare, you can keep it!” and red states will pay for it. Other GOP plans want to keep Obamacare subsidies […]
Related
Monopolies Are Worse Than We Thought…
Economists are increasingly turning their attention to the problem of monopoly. This doesn’t mean literal monopoly, like when one utility company provides all the power in a city. It refers to market concentration in general — when an industry goes from having 20 players to having only 10, or when the four biggest companies in […]
Mary Jo White Seriously Misled the U.S. Senate to Become SEC Chair…
Less than two weeks after Mary Jo White was nominated to become Chair of the Securities and Exchange Commission by President Barack Obama on January 24, 2013, White filed an ethics disclosure letter advising that she would “retire” from her position representing Wall Street banks at the law firm Debevoise & Plimpton. White wrote on […]
Related
Judge Rules Health Insurance Companies Matter More Than Taxpayers…
Largely overlooked last week in the wake of President Donald Trump’s court battle was another controversial judicial ruling. On Thursday the US Court of Claims rewarding Moda Health, an Oregon-based health insurer, $214 million for losses it took participating in the high risk insurance pools established under the Affordable Care Act. The dispute came after […]
“Something Snapped” – Stocks Decouple As VIX Call Volume Explodes…
As one veteran trader noted “something snapped” two days ago as VIX and US equities decoupled notably for the first time since the election. This morning VIX is surging once again (near 12) at the same time as US stocks are soaring…
Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?…
The week that Donald Trump shocked markets around the globe by getting himself elected President of the United States, Wall Street banks like Citigroup, JPMorgan Chase, Bank of America and others traded millions of shares of each other’s stocks – as well as trading millions of shares of their own publicly traded stock…
Dow Hits 20,500 – Hawkish Yellen Sparks (Another) Buying Panic In Banks, Batters Bonds…
86 days in a row without a 1% drop… Buy The No Dip…
$1.08 Trillion: Gov’t Collects Record-High Taxes in First Four Months of Fiscal 2017…
The federal government collected a record $1.08 trillion in taxes in the first four months of fiscal year 2017, but the federal government still ran a $157 billion deficit during that time, according to the latest monthly Treasury Department statement. Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and […]
Wall Street Journal Goes With “Alternative Facts” in Hank Greenberg Saga…
In 2005 and 2006, Wall Street Journal reporters distinguished themselves in covering the charges of fraud being hurled at the giant insurer AIG and its CEO, Maurice (Hank) Greenberg. At that point, the Bancroft family had owned the Wall Street Journal for more than a century. But in 2007, Rupert Murdoch and his corporate entity, […]
How to Close a Gender Gap: Let Employees Control Their Schedules…
The main reason for the gender gaps at work — why women are paid less, why they’re less likely to reach the top levels of companies, and why they’re more likely to stop working after having children — is employers’ expectation that people spend long hours at their desks, research has shown. It’s especially difficult […]
Time for Tesla to Listen by Jose Moran…
I’m proud to be part of a team that is bringing green cars to the masses. As a production worker at Tesla’s plant in Fremont for the past four years, I believe Tesla is one of the most innovative companies in the world. We are working hard to build the world’s #1 car — not just electric, […]
Related
A Rash of Invisible, Fileless Malware Is Infecting Banks Around the Globe…
Two years ago, researchers at Moscow-based Kaspersky Lab discovered their corporate network was infected with malware that was unlike anything they had ever seen. Virtually all of the malware resided solely in the memory of the compromised computers, a feat that had allowed the infection to remain undetected for six months or more. Kaspersky eventually […]
- « Previous Page
- 1
- …
- 145
- 146
- 147
- 148
- 149
- …
- 163
- Next Page »