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…
Finance
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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…
Three Former Barclays Traders Convicted Of LIBOR Manipulation…
The first bank to admit that it engaged in massive manipulation of the LIBOR rate was Barclays back in 2012, and traders are still being scapegoated tried in court to this day…
Puerto Rico Defaults On $2 Billion In Debt Payments…
As expected, Puerto Rico will default on about $2 billion in debt payments Friday, including $780 million in constitutionally-backed general obligation bonds…
Obama Signs Puerto Rico’s Debt Relief Bill…
President Obama on Thursday signed a massive rescue package to address Puerto Rico’s debt crisis — just one day before the island must make a $2 billion payment…
99-Year-Old Woman Faces Eviction from San Fran Apt She Rented for Life…
Iris Canada, 99, has lived in her home for more than half a century, but she is facing eviction over $164,000 in legal fees that were accrued during a fight in housing court…
Why Are More and More Oil Ships Anchoring Off Singapore?…
In the last few months, something mysterious has been happening in the seas around major ports. More oil tankers than usual are anchoring for days and weeks one end–why?…
Fed Fails Deutsche Bank And Santander In Stress Test, As 31 Other Banks Unleash Dividend, Buyback Frenzy…
The Fed released the second part of its stress test, the Comprehensive Capital Analysis and Review (CCAR), one which gives banks the green light to…
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Scathing New Report Shows Just How Bankrupt Social Security Really Is…
Last week, a group of analysts published an astonishing report about the future of Social Security in the United States, and their remarks were…
Brexiteers 1 : 0 Scaremongers – UK Stocks Erase All Brexit Losses…
FTSE 100 is now unchanged from pre-Brexit as Osborne, Cameron and the fearmongers appear to have been proved wrong…
Did FBI and Justice Dept. Enable Puerto Rico’s Financial Meltdown?…
The FBI and DOJ stood by while government officials in Puerto Rico committed $11 billion dollars in financial fraud…