An Economic Policy Institute study shows that the dramatic increase in CEO compensation has a large impact on increasing inequality–worker pay could have doubled without the rise in CEO income…The compensation of CEOs at US corporations has grown by nearly a factor of ten since 1978. This is according to a study recently released by […]
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Here’s the Proof the Federal Government Is Overtly Lying to the Public about Wall Street’s Derivatives…
Based on every meaningful investigation into the epic financial crash of 2008 that resulted in the worst economic crisis in the U.S. since the Great Depression, derivatives that were concentrated at Wall Street’s largest banks played a central role in the crisis. And yet, 11 years later, neither Federal regulators nor Congress have meaningfully reined […]
Who in the World Would Spend, Let Alone Wear, These $462 Asymmetrical Jeans, Seriously?!?…
Department store Neiman Marcus is helping people with their indecisiveness by selling asymmetrical jeans. The $462 high-waisted jeans feature one skinny leg and one wide leg. They can be bought in a medium blue color, ranging from sizes x-small to large. h/t Lucianne.com…
Cambria CEO Marty Davis: “You cannot have free trade with a dictatorship that is harvesting the prosperity of an American Democracy”…
This is another one of the rare interviews where an American CEO calls out the specifics of how Wall Street greed created the China problem that pummeled Main Street. Cambria CEO Marty Davis discusses the root of the trade issues with China and President Trump’s efforts to address the problem. He accurately calls attention to […]
U.S. Imposes Duties on Structural Steel from China, Mexico…
The U.S. Commerce Department said on Wednesday it imposed duties on Chinese and Mexican structural steel after making a preliminary determination that producers in both countries had dumped fabricated structural steel on the U.S. market at prices below fair market value. The department said it imposed duties of up to 141% on Chinese structural steel […]
Wall Street’s Trading Secrets: This U.S. Senator Wants to Keep You in the Dark…
On July 29, those savvy market watchers at Themis Trading posted a report on their blog about how a Republican Senator from Louisiana (about 1400 miles from Wall Street) had taken a peculiar interest in the long-delayed system that would shine a bright light on who might be rigging stock trading on any particular day. […]
POWELL: FED IS NOT FORECASTING OR EXPECTING RECESSION…
Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth. Speaking during a forum in Zurich, the central bank leader gave mostly positive reviews to where the U.S. stands now, even while much of the rest of the world weakens. “The Fed […]
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Why Is JPMorgan Chase Always in the Middle of Scandalous News? Fake Gold Anyone?…
If your bank is under a criminal probe for potentially rigging gold and silver markets, it doesn’t help your case to have $50 million in fake gold bars sitting in your vaults. Nonetheless, this is what Reuters reported last week: “In the last three years, bars worth at least $50 million stamped with Swiss refinery […]
ADP Employment Surges in August…
ADP reports that jobs growth rebounded for the second month in a row in August, up 195k (crushing expectations of a 148k rise and above the highest analyst estimate). Bloomberg – “In August we saw a rebound in private-sector employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. This is the […]
Trump Has the Right Strategy on Beijing. As a Chinese Dissident, I’d Know…
As the world watches President Trump wage a protracted trade war with China, many people are scratching their heads, wondering if he knows what he’s doing when it comes to my home country. Trump is regularly criticized for being unpredictable and erratic — praising Chinese President Xi Jinping one moment, then escalating the confrontation the […]
Steve Bannon’s Warning on China Trade War with Kyle Bass (VIDEO)…
T-Room Here: This interview of Steve Bannon by Kyle Bass is very informative, especially on all things China. It may have been filmed in 2018 and released in 2019 the substance of the interview is timely. “Steve Bannon and Kyle Bass discuss America’s current geopolitical landscape regarding China. Bannon and Bass take a deep dive […]
The Bizarre Action in U.S. Treasuries Is Linked to the U.S. National Debt and the Repeal of the Glass-Steagall Act…
Yesterday, the Dow Jones Industrial Average closed up 258 points but the yield on the 10-Year U.S. Treasury fell below 1.50 percent. In a normal market, if stocks are rallying that means there is confidence in the trajectory of economic growth in the U.S. When yields are collapsing on U.S. Treasuries, that means there is […]
Federal Reserve Bank’s ‘Myth of Political Neutrality’ Is Now Dead and Gone…
With remarkably little fanfare, an enduring progressive political fairytale has been debunked by an insider. The Federal Reserve System was created in 1913 under progressive president Woodrow Wilson, as one of those supposedly politically neutral federal bureaucracies run by technocrats in the interest of the greater good. It was to take monetary policy decisions out […]
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Trump Says Farmers Will Be ‘So Happy’ with New Plan to Boost Ethanol…
President Trump said Thursday he’s preparing to announce a “giant package” to boost demand for ethanol, responding to rising concerns in rural America about the administration’s exemptions for refineries from blending biofuels. “The Farmers are going to be so happy when they see what we are doing for Ethanol, not even including the E-15, year […]
Google Latest Company to Abandon China, Shifts Smartphone Production to Vietnam…
Google has reportedly become the latest company to aggressively move production out of China and in to Vietnam as it hopes to create a “low-cos supply chain in Southeast Asia” that “will serve as a springboard for its growing hardware ambitions,” according to Nikkei Asian Review. Google, which is working with a partner to manufacture […]
Conway: Trump Came to DC to ‘Disrupt It’ — Part of That Is Trade Agreements That ‘No Longer Screw’ the Workers, Employers…
Tuesday on Fox News Channel’s “The Story,” White House aide Kellyanne Conway defended Trump administration’s stance against China on trade by arguing a better trade deal would be “worth the wait” given the abuses by the Chinese over the past few decades. Conway told host Martha MacCallum Trump was elected to “disrupt” the status quo […]
FBI Raids United Auto Workers President Gary Jones’ Home…
Federal agents raided the home of Gary Jones, the president of the United Auto Workers union. The FBI executed a search warrant at Jones’ home Wednesday, Dow Jones reported. The United Auto Workers began four-year contract negotiations with the “big three” Detroit automakers, Ford, General Motors and Fiat Chrysler, last month amid a slowdown in […]
What Globalism Did Was to Transfer the U.S. Economy to China by Paul Craig Roberts…
The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing power, and tax base of state and local governments. Corporations have increased short-term profits at the expense of these long-term […]
Philip Morris Confirms Merger Talks with Altria…
In a somewhat shocking move, two giant tobacco-related companies have announced their intent to seek an all-stock “merger of equals,” despite the notable differences in market caps. As a reminder, the companies had been one until 2008, when they divided their operations – “Philip Morris International Inc. (NYSE: PM) today announced that it is in […]
Massive College Scams Taxpayers Out of Student Loans With Fake Enrollment Paperwork, Whistleblowers Say…
Onetime employees of the University of Phoenix say the for-profit company conducted a potentially multi-billion dollar fraud on taxpayers by deliberately submitting false records to the federal government to enroll unqualified students and cash in on federal student loans. Few single companies have the potential impact on the federal budget as the University of Phoenix […]