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Latest Articles: Business/Finance
Local Johns Hopkins Univ. Faces $1 Billion Lawsuit Over STD Study
Post Date: 2015-04-05 00:00:12 by Katniss
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Billion dollar lawsuit. Hundreds of people, part of a horrific STD study, sue Johns Hopkins University. Nearly 800 former research subjects infected with sexually transmitted diseases in Guatemala are seeking justice–but Hopkins says it is not to blame. The government experiment happened more than 65 years ago. The victim’s attorneys argue it’s time to right a terrible wrong, while Johns Hopkins says its hands are clean. Nearly 800 names with the same story–Guatemalan research subjects in the 1940s and & '50s poked and prodded as human guinea pigs of the U.S. government and infected with syphilis and other STDs without their knowledge. The newly filed lawsuit ...
Drunken Ben Bernanke Tells Everyone at Neighborhood Bar How Screwed U.S. Economy Really Is
Post Date: 2015-04-04 13:50:42 by BTP Holdings
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Drunken Ben Bernanke Tells Everyone at Neighborhood Bar How Screwed U.S. Economy Really Is SEWARD, NEBRASKA -- Claiming he wasn't afraid to let everyone in attendance know about "the real mess we're in," former Federal Reserve chairman and Distinguished Brookings Institution blogger, Ben Bernanke, reportedly got drunk Tuesday and told everyone at Elwood's Corner Tavern about how absolutely f*cked the U.S. economy actually is. Bernanke, who sources confirmed was "totally sloshed," arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of Miller High Life and a half-dozen shots of ...
I don't want you to kick yourself later for missing this opportunity...
Post Date: 2015-04-04 13:25:57 by BTP Holdings
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I don't want you to kick yourself later for missing this opportunity... Dear Daily Reckoning Reader, Since tomorrow's Easter Sunday, I'm spending today with family. We'll be back in the saddle on Monday. In lieu of our normal reckoning, however, I want to follow up with you on something important to your financial future. Our records show that you haven't yet claimed your free copy of Jim Rickards' newest book The Big Drop: How to Grow Your Wealth During the Coming Collapse. I'm not sure what you're waiting for, but I wanted to let you know that we can't guarantee how much longer this offer will still be valid. If you wait -- even one more day -- ...
Early signs of China-US cooperation on AIIB
Post Date: 2015-04-04 00:04:45 by Tatarewicz
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Want... After European countries including the United Kingdom, France, Germany and Italy announced their intention to join the China-proposed Asian Infrastructure Investment Bank (AIIB), the United States dropped its opposition and said it looked forward to cooperating with the new bank. There are signs that President Barack Obama has adjusted his attitude toward the AIIB. The US government and the Asian Development Bank are beginning to accept the idea that China and the United States may be able to cooperate in supporting infrastructure development in Asia. The development demonstrates that although there is obvious competition between China and the United States, they can find a ...
Taiwan's finance ministry explains AIIB application
Post Date: 2015-04-02 21:57:08 by Tatarewicz
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Want... Taiwan's Ministry of Finance stated Wednesday that although proposed by China, the Asian Infrastructure Investment Bank (AIIB) initiative is envisioned to be an international financial institution based on the terms of a Memorandum of Understanding signed by 21 other nations and that therefore, the matter should not be examined under the limited scope of cross-strait relations. The ministry said that the sending of a letter of intent on joining the AIIB as a founding member will secure the right for Taiwan to voice its opinions on the stewardship of the proposed bank. According to the ministry, the AIIB is designed to be a regional intergovernmental financial organization ...
Russia to build new high-speed railway with funding from Beijing
Post Date: 2015-04-02 05:09:32 by Tatarewicz
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RBTH... Chinese investors have promised to invest 300 billion rubles ($5 billion) in the construction of the Moscow-Kazan high-speed line, planned to form part of the Moscow-Beijing high-speed route. The new financing could help to revive the project, which has been at a standstill since 2012. China plans to invest 300 billion rubles ($5 million) in the construction of a high-speed railway from Moscow to Kazan. Of this sum, 250 billion rubles will come in the form of 20-year loans from Chinese banks. According to business daily Vedomosti, the Chinese side discussed the financial details of this project with a representative of the Russian delegation at a meeting behind closed doors ...
Israel Latest US Ally to Join Chinese AIIB
Post Date: 2015-04-02 01:58:02 by Tatarewicz
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Sputnik...Et Tu, Brute? Israel Latest US Ally to Join Chinese AIIB As the United States continues to beg ally after ally to forgo joining the China-led Asian Infrastructure Investment Bank (AIIB), key nations have, nevertheless, ignored that plea. The UK, Turkey, and Australia have already applied, among others. But the latest application might sting the most, as PM Netanyahu tosses Israel’s name into the mix. 47 nations have already applied for membership in the AIIB, a multilateral development bank spearheaded by Beijing. Meant to provide financing for infrastructure projects throughout Asia – and to fill in loan gaps left by the International Monetary Fund – the bank is ...
US 'screwed up' handling of AIIB, says Albright
Post Date: 2015-04-01 22:27:53 by Tatarewicz
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Want... The United State has "screwed up" on its way to deal with the China-proposed Asian Infrastructure Investment Bank (AIIB), former US secretary of state Madeleine Albright said on Tuesday. One of the motives for China to initiate the AIIB was that the US Congress held up the voting share reform in the International Monetary Fund, the World Bank and other international institutions, Albright said at an event held by the Washington-based think tank the Center for Strategic and International Studies (CSIS). As China and other countries have been questioning Washington's excessive dominance in international institutions, the US executive branch has proposed to Congress to ...
US re-approves oil exploration in Arctic as Shell prepares to resume drilling
Post Date: 2015-04-01 03:45:25 by Tatarewicz
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rt... The US Interior Department upheld the 2008 lease sale in the Chukchi Sea off Alaska, the first step in allowing Royal Dutch Shell to reopen its oil and gas exploration in the Arctic after halting operations due to a series of mishaps and legal setbacks. On Tuesday, the Obama administration affirmed the opening of about 30 million acres of US Arctic waters to oil exploration after a thorough environmental analysis and substantial opportunity for public input, the Interior Department said in a statement. READ MORE: Obama admin. approves regulations for oil drilling off Alaska “The Arctic is an important component of the Administration's national energy strategy, and we ...
The First Quarter is in the Record Books! So Who Won? Who Lost? And What's Next?
Post Date: 2015-03-31 17:25:16 by BTP Holdings
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The First Quarter is in the Record Books! So Who Won? Who Lost? And What's Next? MARKET ROUNDUP Dow -200.19 to 17,776.12 S&P 500 -18.35 to 2,067.89 Nasdaq -46.56 to 4,900.88 10-YR Yield -0.03 to 1.93% Gold -$0.80 to $1,184 Crude Oil -$1.12 to $47.56 By Mike Larson It’s official: The first quarter is in the record books! So who won? Who lost? And what’s next? Well, let’s start with a breakdown of the Standard & Poor’s 500 Index groups. When I do that, I see that a lot of health-care and tech-related stocks performed very well. Managed health-care names surged around 22 percent, while health-care distributors and technology firms saw gains of around 14 ...
Brazil joins Asia Investment Bank despite US warnings
Post Date: 2015-03-31 04:31:26 by Tatarewicz
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Presstv... Brazil has accepted an invitation from China to join the Asian Infrastructure Investment Bank, despite the United States warning several of its allies against the move. President Dilma Rousseff had previously said Brazil was “very interested” in joining as a founding member of the China-led investment bank — which will finance infrastructure projects in the Asia-Pacific region. The bank was launched last year with around 20 countries initially laying the ground work, headed by China — but at least 20 more nations have now signed up, including the United Kingdom, Russia and Switzerland. Even though a number of countries declaring their interest in the Asian ...
China welcomes Russia, Finland's applications to AIIB
Post Date: 2015-03-31 01:19:20 by Tatarewicz
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BEIJING, March 31 (Xinhua) -- China has welcomed the applications of Russia and Finland to join the Asian Infrastructure Investment Bank on Monday, one day before the deadline to join the bank as a founding member. Russia and Finland will become founding members on April 14 and April 12, respectively, should all existing members approve, according to a statement on the Finance Ministry's website.
Mongolia-Russia corridor a lifeline for northeast China
Post Date: 2015-03-30 19:45:39 by Tatarewicz
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Want... Facing rapid economic decline, northeastern China is in bad need of a new round of opening up to inject fresh momentum into its economy, the Guangzhou-based 21st Century Business Herald reports. To that end, an opportunity that the region cannot miss is the "Belt and Road" initiative, referring to the Silk Road Economic Belt and the 21st Maritime Silk Road proposed by President Xi Jinping in September 2013. In September the following year, Xi further proposed building an economic corridor linking China, Mongolia and Russia by connecting the Silk Road Economic Belt to Russia's transcontinental rail plan and Mongolia's Prairie Road program. Chen Yongchang, chief ...
All Aboard the De-Dollarization Bullet Train!
Post Date: 2015-03-30 11:19:34 by christine
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The US Dollar’s Star Will Soon Flame Out These days it seems that everywhere you turn, the signs are there that the petro-dollar-juiced system is coming unglued. The gale-force winds that have been driving the world to de-dollarize have now literally become almost a raging storm. I’ve always believed that this would indeed be the end game which we’re now witnessing playing out, but currently, even I’m bowled over at how fast the whole deck of cards is being reshuffled. Speaking of reshuffling, over the weekend, several more prominent countries have all but joined China’s regional bank, the AIIB. The East’s star continues to rise to the heavens, as the credit ...
China’s Potential Deflation Threatens to Overthrow Global Monetary Order
Post Date: 2015-03-29 20:15:04 by Tatarewicz
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Sputnik... Mainland China could soon implement a full-scale economic stimulus due to the threats of deflation and stagnation, adding to the piles of cash being printed by Japanese and European mints, rendering monetary equivalent less valuable and investment less powerful across the globe. Kristian Rouz – People’s Bank of China (PBOC) governor Zhou Xiaochuan, speaking at a forum of the nation’s high-ranking officials and top businesspersons on the Chinese island of Hainan in Sunday, admitted the Communist nation is falling into the mire of deflation at a faster pace than might be expected. Russia has signaled its readiness to take part in the China-led Asian Infrastructure ...
Internet to transform China's industrial sector
Post Date: 2015-03-29 19:45:29 by Tatarewicz
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Want... China's State Council or cabinet has unveiled a plan to upgrade its manufacturing sector with the help of the internet, Shanghai's China Business News reports. The State Council called a meeting Wednesday in which it announced that it will step up efforts to push the first of a series of 10-year initiatives to upgrade its manufacturing sector by 2025. The initiatives will focus on 10 areas–internet technology, high-end digital machine tools and robots, astronautical equipment, marine engineering equipment and advanced shipping, advanced rail systems and other transportation facilities, energy-saving cars or vehicles powered by alternative energies, electrical ...
US Treasury secretary to visit China, may discuss AIIB
Post Date: 2015-03-29 19:15:16 by Tatarewicz
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Want... Jacob Lew, the US secretary of Treasury, will visit China on behalf of President Obama from March 30-31, raising speculation as to whether the United States may follow its allies to join the China-led Asian Infrastructure Investment Bank (AIIB), reports Huanqiu Net, the website of nationalistic Chinese tabloid Global Times. Since the visit is scheduled to take place on the deadline for countries to apply for the financial institution's founding membership, multiple news outlets in Japan are speculating that Lew may discuss US participation during the visit. Japanese news website Nikkei.com said the US has not changed its attitude toward the institution but Lew will ...
The Federal Reserve explained
Post Date: 2015-03-28 12:00:22 by BTP Holdings
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The Federal Reserve explained By Kaye Foley Chair Janet Yellen grabbed everyone’s attention this year when she implied that the Federal Reserve, aka the Fed, may raise interest rates for the first time in six years. The markets have been responding ever since, once again proving that the Fed holds a lot of the cards when it comes to the U.S. economy. But what exactly is the Fed? And how did it become so powerful? The government has influence over the economy in two ways. There’s fiscal policy, which is when Congress and the president create legislation on taxes, regulation and government spending. Then there’s monetary policy, and that’s where the Fed comes in. ...
2015 The Great Economic Collapse
Post Date: 2015-03-27 22:09:47 by Itistoolate
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Poster Comment:What do you think?
South Korea, Turkey announce application to join AIIB at Boao Forum
Post Date: 2015-03-27 21:50:18 by Tatarewicz
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Want...The proposed Asian Infrastructure Investment Bank (AIIB) has become a main highlight of the annual Boao Forum for Asia, which is being held from March 26-29 in Boao, a coastal town in China's southernmost island province of Hainan. At this year's forum, South Korea and Turkey announced their intention to join the AIIB as founding members. Australia is likely to make a similar announcement in a few days. Earlier, European countries such as the United Kingdom, Germany, France, Italy and Luxembourg had applied to join the AIIB as founding members. So far, the number of prospective founding members is more than 37. Leo Melamed, chair emeritus of Chicago Mercantile Exchange ...
Reasons behind Russia's reluctance to join AIIB: Duowei
Post Date: 2015-03-27 21:46:15 by Tatarewicz
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Want... Russia may have good reasons behind its reluctance to join the Asia Infrastructure Investment Bank (AIIB) proposed by China, says Duowei News, a US-based Chinese political news outlet. With the March 31 deadline for applications to be a founding member of the AIIB looming, Russia has still not decided whether it wants to be a part of the multilateral development bank aiming to finance infrastructure projects in the Asia region. A March 23 report in a Russian newspaper cited comments by the country's deputy finance minister Sergei Storchak to the effect that Russia has not yet decided if it will apply for membership. While Russia sits on the fence, several other countries have ...
Newton's Code
Post Date: 2015-03-26 17:19:03 by BTP Holdings
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The code has already triggered 44 profit events since January, worth upwards of $38 billion… Opportunity #45 could hit as early as tomorrow… Dear reader, It only took four days for Newton’s Code to mint its latest fortune. But the story started 11 months prior. It happened quietly with very little fanfare. The trigger occurred when company executives from Columbia Sportswear (COLM) struck a sweetheart deal. They slapped $190 million on the bargaining table in hopes of making a strategic acquisition. Their target? Privately owned company, prAna Apparel. PrAna makes sustainable, earth-friendly clothing for yoga enthusiasts. It operates within a booming sub-niche of ...
Putin To Nationalise Rothschild Central Bank
Post Date: 2015-03-26 12:04:40 by Neo TryingtoWarnYou
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Putin To Nationalise Rothschild Central Bank Posted by Sean Adl-Tabatabai in News, World 1 week ago Leave your thoughts [Putin To Nationalise Rothschild Central Bank] 673 44.7K Advertisement Putin is to nationalise the Rothschild controlled Central Bank of Russia in an effort to stabilise the declining Ruble. Euro-med.dk reports: Under the Constitution, the CBR belongs to a foreign State – the City of London – and is taking orders from London and Washington. This bank can only print money corresponding to its cash in foreign currency, which is not sufficient for Putin´s purposes. The CBR even has to buy (worthless) US bonds for the dollars paid for Russian oil – ...
Oil surges 6% on Saudi airstrikes in Yemen
Post Date: 2015-03-26 05:51:32 by Tatarewicz
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RT... Brent and WTI added more than 4 percent after Saudi Arabia and its allies launched a military operation in Yemen against Shiite Houthi rebels. Saudi Arabia is the biggest oil supplier in the region, and southern Yemen is home to many LNG hubs. WTI shot up more than 6.43 percent to $52.38 per barrel, and Brent climbed to $59.71, a 59.72 percent increase at 11:00 am Moscow time. Saudi Arabia and nine allied countries began airstrikes at 11 pm GMT, deploying a total of 70 fighter jets. Read moreSaudi Arabia bombs Yemen, launches coalition op against Houthi rebels The Saudi ambassador to the US said the airstrikes were launched to “defend the legitimate government” of ...
Austria decides to join establishment of AIIB
Post Date: 2015-03-25 21:12:04 by Tatarewicz
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Want... Austria has decided to participate in the establishment of the Asian Infrastructure Investment Bank (AIIB), a foreign ministry spokesperson told Xinhua on Tuesday. The decision was made after a cabinet meeting Tuesday, the spokesperson said. Together with Britain, France, Germany, Luxembourg and Switzerland, Austria has become the sixth European state that has declared its intention to become a founding member of the China-proposed AIIB. The ministry earlier told local media that Austria's participation in the AIIB would be in line with government goals of building strategic partnerships with Asian countries, saying from an economic perspective it is also important for ...
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