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US-EU Trade Talks “De Facto Dead”…
This week the German Economy Minister stated the US-EU TTIP talks were “de facto dead”. The US-Asia TPP talks have been dead as a doornob for some time… TTP, TTIP, Obama, Obama White House, TTP dead, TTIP dead, EU, European Union, Reinhold Mitterlehner, wants trade agreements re named, free trade, laughable
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Volkswagen Investors Seek $9.2B in Compensation Over Diesel Emissions Scandal…
Volkswagen faces €8.2 billion in damage claims from investors over their losses following the emissions scandal. The company has admitted equipping about 11 million diesel vehicles with…
The Biggest Washington Whopper Yet…
You can’t find lazier people than in the mainstream financial press, but their exuberant cheerleading about the purported 5.2% gain in the real median household income in 2015 surely was a new high in mendacity…
Central Bank Digital Currencies: A Revolution in Banking? by Ellen Brown…
Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies…
Three Cheers for Poop Power!: Toyota Using Human Waste Based Fuel to Power Its New Electric Car…
Toyota has gone to the toilet, literally, scooping up human poop to create renewable hydrogen fuel to power its new electric car. The use of human waste is expected to solve the motor giant’s ‘chicken or the egg’ problem…
Thousands March on Brussels, Urge Their Leaders to Take Down TTIP…
About 15,000 people participated in Brussels protests against TAFTA, a proposed Transatlantic Free Trade Area between the EU and the US, also known as the US-EU Transatlantic Trade and Investment Partnership…
Fed Monetary Policy Is Being Held Hostage by Wall Street Banks…
American banking has now evolved from too-big-to-fail to too-big-to-prosecute to too-big-and-dangerous-to-return-to-normal-monetary-policy…
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Wells Fargo Shaming Today in Senate: Edwards Family Are Ghosts in the Room…
Imagine how you might feel if you were part of a distinguished family that built a respected business over 120 years only to see it gobbled up against your wishes by a banking behemoth, Wachovia, which collapsed a year later and…
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Cash Means Freedom, Which Is Why So Many Officials Hate It…
Opponents and proponents of folding money agree that the stuff protects you from the state—but they differ about the value of that protection…
More Than 200 Scholars Decry the Trans-Pacific Partnership’s ‘Frontal Attack’ on Law and Democracy…
More than 200 legal and economic scholars—including President Barack Obama’s Harvard Law School mentor Laurence Tribe—have penned a letter to Congress warning that the pro-corporate Investor-State Dispute Settlement (ISDS) regime…
Harvard Crushes The “Obama Recovery” Farce With 9 Simple Charts…
In a recent study entitled “Problems Unsolved and a Nation Divided” Harvard University points out that, despite claims of an “Obama Recovery,” in fact, the U.S. economy has continued to deteriorate…
Russian-Iranian Bank May Ditch the U.S. Dollar…
Moscow and Tehran are actively working on opening a joint bank with plans to carry out operations in national currencies…
What Ford’s Decision to Move Small Car Production to Mexico Means for Michigan the U.S….
“Over the next two to three years, we will have migrated all of our small-car production to Mexico and out of the United States,” said Ford CEO Mark Fields. This isn’t exactly new, but it is jarring news for many…
Bayer Confirms Monsanto Takeover with $66B Bid…
German pharmaceuticals giant Bayer has agreed to buy American GMO company Monsanto for $128 a share. The acquisition values Monsanto’s equity at about $56 billion, but including debt the deal is worth nearly $66 billion….
CEOs Expect to Cut Their Payroll by 36 Percent Over Next Six Months…
The fact that 36% of these big-company CEOs are planning to cut their payroll over the next six months, while only 27% are expecting to increase their payroll, is a very unwelcome…
Saudi Arabia Ousts U.S. as Biggest Oil Producer…
“Saudi Arabia’s elevated oil production has allowed it to overtake the U.S. and become the world’s largest oil producer,” the Paris-based IEA said in its monthly report on Tuesday…
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Wall Street Today: Fake Accounts, Fake Money, Fake Courts, Fake Regulators…
Last Thursday, the CFPB announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers.
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The US Consumer Taps Out: BofA Internal Credit Card Data Shows Retail Spending Tumbles…
Ahead of this week’s big macro event, Thursday’s retail sales report, Bank of America has, as is customary, released its own internal credit and debit card data. It’s downright ugly…
Watch Out Wall Streeters: Your Jobs Are Moving to Mumbai…
Morgan Stanley is moving jobs overseas. The US bank set out a plan to cut costs back in January, and CEO James Gorman said at the time that “too many employees” were based in high-cost centers…
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