Remember the Powell of last year? You know, the one that tried to convince us that there “could be no macroeconomic stability without financial stability?” And this Powell was not concerned about financial stability in terms of making sure the stock market never went down, but rather just the opposite. On June 20th, 2018 Powell […]
Finance
Latest News
Union Membership Hits Historic Low as Wage Gap Looms…
Membership in labor unions fell to just 10.5 percent last year to arrive at a figure that is the lowest since 1983, when the Bureau of Labor Statistics (BLS) started tracking it for the first time. The latest BLS data shows that union membership in 2018 was down 0.2 percent from the previous year, with […]
How $137 Billion Strangely Disappears…
In fiscal year 2018, $137 billion was paid “improperly” by the federal government, according to a recent report. That number sums all the improper payments by what the government calls high-priority programs. They are programs with improper-payments estimates exceeding $2 billion annually. If it makes your head spin, it should. Always the optimist, I have […]
Robbing Grandma and Grandpa: Reports of Financial Abuse of the Elderly Skyrocketed in the Past 5 Years…
More than 24,450 suspected cases of elder financial abuse were reported in 2018, which is more than double the number in 2013, according to Treasury Department data. Elder financial abuse can include relatives siphoning money from older adults, or fraud like the “grandchild scam,” in which a grandparent receives a call asking for immediate financial […]
Here Come The Calls for a Global Wealth Tax…
A new report strategically timed for release with the start of the World Economic Forum boondoggle at Davos, shows that the world’s 26 richest billionaires now own as many assets as the 3.8 billion people who make up the poorest half of the world’s population. The report titled “Public Good or Private Wealth,” found that top […]
Workers’ Paradise? Employees in China Crawl Through Streets After Missing Sales Targets…
The workers were literally forced to crawl on all fours after reportedly failing to reach their annual sales targets in the busy traffic of Tengzhou — a city in Shandong province in the country’s east. The group was filmed being driven on by a male supervisor bearing a flag with the name of the firm, which reportedly disrupted traffic. Onlookers called […]
26 Billionaires Own as Much as World’s 3.8 Billion Poorest People…
While the wealth of billionaires increased by $900 billion last year, or $2.5 billion a day, latest Oxfam report on inequality shows “this bonanza has not been felt by the poorest half of the world, which saw its wealth decline by 11 percent.” With Wall Street titans, tech moguls, and other members of the global […]
Earth’s Richest 26 Control Same as World’s Poorest 50% – Report…
Released ahead of the annual winter World Economic Forum in Davos, Switzerland — a yearly gathering of some of the planet’s richest and most influential — the frightening new report from UK-based Oxfam (Oxford Committee for Famine Relief), reveals a dire gap between those who have all too much and those who have little to nothing. Founded in 1942 to, as the name implies, counter global famine, […]
Will Globalists Sacrifice the Dollar to Get Their ‘New World Order’?…
Trade is a fundamental element of human survival. No one person can produce every single product or service necessary for a comfortable life, no matter how Spartan their attitude. Unless your goal is to desperately scratch an existence from your local terrain with no chance of progress in the future, you are going to need […]
Small Caps Soar to Best Start Since 1987 as China Adds Record Liquidity…
Wondering why stocks are soaring? Simple really – Global Central Bank balance sheets are soaring again…
Federal Reserve Confesses Sole Responsibility for All Recessions…
n a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States. Former Federal Reserve chief Ben Bernanke – Federal Reserve Creates all recessions. First, former Fed Chair Ben Bernanke said that ‘Expansions don’t die of old age. They get […]
For the First Time Ever, Wall Street Banks Top $100 Billion in Profit…
One may not know it by looking at banker bonuses last year, but 2018 was a banner year if only for bank shareholders and upper management: this is the year when the 6 biggest banks generated (well) over $100 billion in profit. They can thank Trump’s tax cuts, the Fed’s payment of interest on reserves, […]
Ukrainian Hackers Broke Into the SEC’s EDGAR Database, Made $4.1 Million From Insider Trades…
On Tuesday, United States authorities charged numerous mostly Ukrainian hackers for a scheme to trade on press releases that had not yet been released. The Ukrainians breached the SEC’s EDGAR database to receive access to the nonpublic information. The scheme netted over $4 million for fraudsters from the U.S., Russia and Ukraine. Using 157 corporate earnings […]
Company Co-Founded by Nancy Pelosi’s Son Charged with Securities Fraud…
The Securities and Exchange Commission (SEC) charged a company cofounded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business. Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment […]
Credit Suisse: China Has a Lot More to Lose Than the U.S. in Trade War…
The possibility that the United States and China are closer to resolving their trade dispute has stoked optimism among investors. But insufficient attention may be being paid to what happens if no deal is struck, according to John Woods, Credit Suisse’s chief investment officer for Asia-Pacific. No deal would be “profoundly negative”. It would be […]
BP Just Discovered a Billion Barrels of Oil in the Gulf of Mexico…
BP‘s investment in next-generation technology just paid off to the tune of a billion barrels of oil. The British energy company has discovered 1 billion barrels of crude at an existing oilfield in the Gulf of Mexico. BP also announced two new offshore oil discoveries and a major new investment in a nearby field. BP […]
The Next American Car Recession Has Already Started…
These should be boom times for Detroit. Unemployment is at a half-century low, gasoline is cheap and auto sales in the U.S. were near record levels last year. Yet American automakers are closing factories, cutting shifts and laying off thousands of workers. The industry is behaving like a recession has arrived. In one segment of the market, it has. Detroit is in the grips of […]
Ford Cancels a $1.6 Billion Mexico Plant and Adds 700 Jobs in Michigan…
Ford Motor Co (f) on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a “big border tax” over compact cars made in Mexico. Ford CEO Mark Fields called the […]
Someone’s Finally Going to Jail Over the Panama Papers Leak: a Turkish Journalist Who Reported True Facts from Them…
A Turkish court has sentenced journalist Pelin Ünker to 13 months’ imprisonment for her participation in reporting the Panama Papers, a massive leak of documents from the tax-evasion enablers Mossack-Fonseca. Ünker published the true (and undisputed) facts about former Binali Yıldırım and his sons, whose ownership of Maltese companies was revealed in the leaks. Despite […]
The Stock Market Just Got Off to its Best Start in 13 Years…
Things are coming up roses in the stock market, lately. The Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite Index are off to their best starts to a year since 2006 after a powerful series of gains. The Dow DJIA, +51% closed up 0.5% on Thursday, pushing its year-to-date gain to 2.89%, which […]
- « Previous Page
- 1
- …
- 97
- 98
- 99
- 100
- 101
- …
- 161
- Next Page »