Year-over-year growth slowed so one could say economic growth was mixed. There was significant backward revision starting in 2013…
Finance
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IMF Slammed by Own Watchdog Over ‘Political’ Handling of Eurozone Crisis…
Top brass at the International Monetary Fund (IMF) have been criticized for misjudgments over Greece, being overly enthusiastic about the euro, ignoring signs of an…
Ford Plunges After Warning “We Don’t See Growth”, Warns U.S. Auto Industry “Has Plateaued”…
The reason Ford stock is plunging this morning is not so much the company’s earnings miss…, CEO Mark Fields laid out a very gloomy picture of the future…
Clinton’s BFF Says She Will Flip on TPP Once Elected….
Pal of Hillary’s says “Once the election’s over, and we sit down on trade, people understand a couple things we want to fix on it but going forward we got to build a global economy.”
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Facebook Quarterly Profit Surges 186% to $2B…
Facebook said Wednesday its profit leapt 186 percent from a year ago to $2 billion, as the world’s biggest social network blasted past most analyst forecasts…
$19.4 Trillion Dollars In Debt – We Have Added $1.1 Trillion Dollars A Year To The National Debt Under Obama…
How VW Designed the Greatest Scandal in Automotive History…
Volkswagen developed six generations of cheating software to beat emissions tests—and even calculated the cost of getting caught was still worth it…
Is the Party Over for Bushism?…
For Trump’s nomination represents not only a rejection of their legacy but a repudiation of much of post-Cold War party dogma…
IMF Admits Brexit Won’t Cause Recession, Proving Its Critics Right…
After saying that leaving the European Union could trigger a UK recession, the International Monetary Fund now expects the British economy to grow by 1.7 per cent this year…
BP Fined Further $2.5B Over Deepwater Horizon Spill…
BP is to take a further $2.5bn (£1.87bn) hit as a result of the Deepwater Horizon accident, bringing the total cost of the environmental disaster to almost $62bn…
Report: Illegal Immigrants Get More Food Stamp Benefits Than Poor American Citizens: “$2 Billion A Year”
There’s a reason Americans are angered over illegal immigration and despite what liberal-leaning socialists like Hillary Clinton and the Huffington Post may suggest…
Bernanke’s Black Helicopters…
There’s a Reason Someone Is Supposed to Keep an Eye on Massive Mergers…
David Sirota, has been all over an interesting story of crony capitalism involving a massive $54-billion proposed merger negotiated between Cigna and Anthem…
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Democratic Operative Suggests “Americans don’t know or care about the TPP”…Is He Right?…
The public “… don’t see much of a risk. Most Americans don’t know or care about the TPP.” Reich: “But they know big corporations are running economic policy. They think”…
The “Mystery” Of Who Is Pushing Stocks To All Time Highs Has Been Solved…
What the update reveals is “a surge in net global central bank asset purchases to their highest since 2013.”
A Wall Street Golden Boy Blames Gambling Addiction for $100M Fraud…
Groomed at some of the country’s most elite private schools, Andrew Caspersen glided onto Wall Street with ease. His father was a well-known financier…
Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?…
The political and financial stakes in the ongoing Italian banking crisis rose today as the chairman of Societe General, Lorenzo Bini Smaghi, talked up the risk of a “pan European banking crisis”…
UN’s Legal Expert Calls Proposed Trade Deals Illegal…
Alfred de Zayas on the proposed TPP treaty between Pacific countries concludes “that the proposed treaty violates international laws, and is inconsistent with democracy”…
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Rearranging The Deck Shares——Central Banks Inflating Massive Debt Bubble Even Further…
While Central Banks continue to “rearrange deck chairs” by shuffling bad debt around the globe and fostering continued bailouts of banks and hedge funds, the “ship is still slowly sinking”…
Handcuffed Chipotle Exec Arrested ‘for making at least six cocaine purchases’ at His Private Residence…
The Chipotle Chief Marketing Officer arrested in a major New York City drug sting appeared in court on Tuesday. Mark Crumpacker, 53, asked for cocaine…