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Latest Articles: Business/Finance
JPMorgan Needs a Culture Change
Post Date: 2015-02-26 17:11:24 by BTP Holdings
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JPMorgan Needs a Culture Change Brad Hoppmann | February 25, 2015 at 4:45 pm We know the big Wall Street banks are “Too Big to Fail.” Now we’re learning that JPMorgan Chase (JPM) may also be “Too Big to Manage.” This week, JPM finally admitted it has a problem. The bank has broken so many laws and regulations that it can no longer ignore the costs — which routinely add up to billions per year. Can CEO Jamie Dimon change the culture he created? He’d better, if he doesn’t want his empire chopped up into little pieces. *** JPM released its annual report this week and held an “Investor Day” event for its institutional shareholders and ...
SCANDAL OF 2015: YouÂ’ll Never Believe What Certain Big Business Insiders Get for FREE
Post Date: 2015-02-26 17:05:19 by BTP Holdings
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SCANDAL OF 2015: You’ll Never Believe What Certain Big Business Insiders Get for FREE This could become the front-page scandal of 2015. All the details haven’t been released yet, but what our investigation has already uncovered will shock you. “Many Big Business insiders are using little-known “loopholes” to hack the system,” says Doug Hill, the director of an independent research group called the Laissez Faire Club. Even though they have swathes of money, these insiders are getting what they want and need for free. They’re not spending a dime of their own. What types of free stuff? “It’s crazy,” continues Mr. Hill. “And I’d ...
THE COST OF NSA SPYING ON THE U.S. ECONOMY IS “INCALCULABLE”
Post Date: 2015-02-26 08:31:31 by Ada
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Spying Is Destroying the U.S. Economy We’ve thoroughly documented that unnecessary spying by the U.S. government is costing the American tech sector many billions of dollars … and the U.S. economy as a whole hundreds of billions of dollars. Things just got a lot worse … ZDNet notes today: China is no longer using high-profile US technology brands for state purchases, amid ongoing revelations about mass surveillance and hacking by the US government. A new report confirmed key brands, including Cisco, Apple, Intel, and McAfee — among others — have been dropped from the Chinese government’s list of authorized brands, a Reuters report said Wednesday. *** ...
Argentina arms deal is China's springboard to Latin America market
Post Date: 2015-02-26 05:19:56 by Tatarewicz
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Want... China's cooperation with Argentina on military technology could open new doors to the Latin American market, according to the UK's Jane's Defence Weekly. The report comes following the visit to Beijing by President Cristina Kirchner of Argentina at the start of the month, when the two countries agreed to create a working group to facilitate the transfer of a variety of military equipment. Based on a Feb. 5 communique, the two sides will cooperate on several fronts. In the naval sphere, China will reportedly manufacture a new icebreaker, new tugboats and new offshore patrol vessels for Argentina, the latter of which will probably be 1,800-ton P-18N corvettes. ...
The Day the ATMs Run Out…
Post Date: 2015-02-25 12:43:38 by christine
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Dear Diary, Please remember this warning when you go to the ATM to get cash… and there is none! While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial system could take a surprising and catastrophic twist that almost nobody imagines, let alone anticipates. Do you remember when a lethal tsunami hit the beaches of Southeast Asia, killing thousands of people and causing billions of dollars of damage? Well, just before the 80-foot wall of water slammed into the coast an odd thing happened: The water disappeared. The tide went out farther than anyone had ever seen before. Local fishermen ...
Prepare-We are at the Verge of Collapse Says Jonathan Cahn Author of Mystery of the Shemitah
Post Date: 2015-02-25 12:36:00 by christine
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Best-selling author of “The Harbinger,” Jonathan Cahn, is worried about America. Cahn, whose new book “Mystery of the Shemitah,” warns, “Everything is converging around this time (which is based on 7 year cycles). I believe we need to be ready, and that’s why I believe I had to write the ‘Mystery of the Shemitah.’ I believe a great shaking is coming. Whether it is in these parameters, or around these parameters, or after these parameters, a great shaking is coming to America and we need to be ready.” Cahn goes on to say, “I believe we have a house of cards. We had that in 2007 and 2008, and everything was wiped out, and we said now we are ...
Forget Greek debt — the real drama is US Treasuries entering a 'dangerous phase'
Post Date: 2015-02-25 10:09:14 by Ada
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Crunch time has arrived. By the time you read this, it is very possible that Greece could be chucked out of the eurozone. The media has covered this story in an interesting way. It is portrayed as plucky little Greece against the might of the Germans. Not Greece versus the eurozone mind you, but Germany alone. Many in Germany are calling for the nuclear option of pushing Greece out of the euro. That would mean blowing up Greece's financial system, the return of the drachma, and default on almost all Greek debt. Others want to paper over the cracks of the failed Greek state by extending and pretending in the usual eurozone fashion. That would require massive purchases of Greek bonds ...
OPEC will hold extraordinary meeting if oil plunge continues – cartel president
Post Date: 2015-02-25 02:05:32 by Tatarewicz
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RT... The OPEC member states are discussing the possibility of an emergency meeting should oil prices continue to fall, said Nigerian Oil Minister, and OPEC President Diezani Alison-Madueke. Prices have dropped by than half since their peak last summer. If the price “slips any further it is highly likely that I will have to call an extraordinary meeting of OPEC in the next six weeks or so,” said Alison-Madueke, as quoted by the Financial Times, adding that discussions are already underway. “Almost all OPEC countries, except perhaps the Arab bloc, are very uncomfortable,” she said. As the cartel’s president, she is responsible for maintaining communication with ...
Five Reasons Bitcoin Revolution is Over
Post Date: 2015-02-25 01:52:07 by Tatarewicz
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Sputnik... 2015 will be the year Bitcoin "dies." The bubble is over and the cryptocurrency, while revolutionary, has serious issues which will prevent it from ever becoming widely accepted. Andre Alessandro — The five problems listed here are both structural and external and they will prevent the mass adoption of the cryptocurrency. 1. The Price Bitcoin is a decentralized form of digital currency, created and held online all over the world. The cryptocurrency is used to buy things electronically. © Flickr/ Antana Hundreds of Millions of Dollars Vanish After Bitcoin Exchange Closes As of February 22nd, the price of a Bitcoin stood at $236.50. Compare this with the ...
Sale of Chinese missile system to Turkey divides NATO
Post Date: 2015-02-25 00:25:24 by Tatarewicz
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Want... Turkey has been under immense pressure from its NATO allies since its intention to buy a Chinese missile defense system was made public, but this has done nothing to deter Turkey from the deal, reports Duowei News, a media outlet run by overseas Chinese. This is the first time that Chinese and US military interests have clashed in relation to NATO, according to a Feb. 20 report on the website of Russia's state-owned international broadcaster Sputnik International. Turkey is diverging from the NATO line in its dealings with China and Beijing may take this opportunity to sow discord among NATO members, according to a Russian military analyst. On Thursday, Turkey's minister ...
New-energy cars: China could overtake US in one to two years
Post Date: 2015-02-25 00:13:37 by Tatarewicz
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Want... China's government has made it policy to encourage people to use new-energy cars, with the goal of building a complete industry chain and putting 5 million new vehicles on the country's roads by 2020. China is expected to surpass the United States as the world's biggest market for new-energy vehicles in the next one or two years, despite low interest in second- to fourth-tier cities, where only small or no government subsidies for green cars are offered, experts say. Figures compiled by the official China News Service indicate 6,599 new-energy vehicles were produced in China in January, an almost fivefold increase compared to 2014. Although 40,000 more new-energy ...
Janet Yellin is a VERY Flixible Woman
Post Date: 2015-02-24 17:05:45 by BTP Holdings
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At 68 years old, Janet Yellen is a very flexible woman. So flexible, as you’ll see in a moment, that it’s difficult to ever know which way she’s about to bend. But first, a glance at the stocks market’s ascent. The S&P 500 is sitting pretty this morning, at a lofty 2,114 points. Last year this time, the index was at 1,847. That’s a gain of 14%. If that patterns holds, we can expect a level over 2,400 by next February 2016... or much higher! When credit expands enough, anything’s possible... and disaster’s probable. And here we are! Seven years after the financial crisis, 90% of interest rates across the industrialized world have belly-flopped to ...
The Day the ATMs Run Out...
Post Date: 2015-02-24 17:00:08 by BTP Holdings
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The Day the ATMs Run Out... by Bill Bonner Please remember this warning when you go to the ATM to get cash… and there is none! While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial system could take a surprising and catastrophic twist that almost nobody imagines, let alone anticipates. Do you remember when a lethal tsunami hit the beaches of Southeast Asia, killing thousands of people and causing billions of dollars of damage? Well, just before the 80-foot wall of water slammed into the coast an odd thing happened: The water disappeared. The tide went out farther than anyone had ever ...
Property bubble in China may burst due to shrinking labor force
Post Date: 2015-02-23 08:02:16 by Tatarewicz
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Want... A brokerage in China has forecast that the country is set to see a deficit in its labor force in 2015, possibly leading to the collapse of the housing bubble. According to a report published by Beijing-based Founder Securities in early January, China is expected to post negative growth in its working population aged between 20 and 64 beginning this year. Citing the example of Japan and several European countries, Su Jian, chief economic researcher at Founder, said an economic crisis usually takes place at such demographic turning points. The property market will be the first to see the effects of the negative growth with prices posting sharp declines, Su said. Following ...
FEDERAL RESERVE INSIDER ALAN GREENSPAN WARNS: THERE WILL BE A “SIGNIFICANT MARKET EVENT… SOMETHING BIG IS GOING TO HAPPEN”
Post Date: 2015-02-23 07:46:47 by Ada
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Something big is going to happen With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs. But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider ...
Why $10 Barrel Crude Oil Might Become Reality
Post Date: 2015-02-23 06:52:20 by Tatarewicz
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Sputnik... The United States has accumulated record volumes of crude oil in reserves, now hovering like the sword of Damocles over the global energy markets and the world’s several petrocracies. Kristian Rouz – Global oil prices dipped this past week, ending a month-long rebound, which some observers had seen as a good sign for both the corrupt petrocracies around the world and the Eurozone and Japan. Gazprom Will Still Have Development Options at $30 Oil Price The recent dynamics in oil prices have affected each major economy in a different way, and it turned out that the United States, now also the world’s largest crude producer, is the only beneficiary of cheaper oil, ...
Russia’s former finance minister warns oil may briefly drop to 20 dpb
Post Date: 2015-02-22 03:20:15 by Tatarewicz
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MAKHKACHKALA, February 21. /TASS/. Russia’s former finance minister, Aleksey Kudrin, does not rule out a brief drop in crude oil prices to 20 dollars per barrel. In Friday’s trading on the London Intercontinental Exchange a barrel of Brent was trading at 60.41 dollars before the close. In January, Brent blend prices dropped as low as 48 dollar per barrel and even lower. "I cannot rule out that at a certain point, for a very brief period, the price of oil may slump to 20 dollars," Kudrin told the media in Makhachkala on Friday. "I do not think most analysts agree this may last a while. At the moment the assumption is oil prices will be somewhere between 60 and 80 ...
The Movie They Should Be Talking About
Post Date: 2015-02-21 10:24:39 by Ada
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I was having a dream. A wonderful dream, a magical dream where beautiful Hollywood starlets were pleading to seduce me, en masse, in return for giving them leading roles in my next blockbuster film, “The Federal Reserve Is Eating Topless Pole-Dancing Vixens Alive, And Horribly Destroying The Rest Of Us, Too.” It’s a sad tale of monetary insanity where the Federal Reserve created so incredibly much excess money and credit. It’s perhaps even tragic, and which is why the film was initially titled “The Federal Reserve Is Slowly Eating You And Your Children Alive,” which could be more or less tragic, depending on your perspective towards children, and how they ...
Nuclear power: China takes the lead where others fear to tread
Post Date: 2015-02-21 02:35:23 by Tatarewicz
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Want... China is pioneering the resumption of nuclear power construction while the world steps cautiously in the wake of Japan's 2011 Fukushima meltdown, reports the China Business Journal. The increase of nuclear power in the country's energy mix is a practical option for China to alleviate the horrific air pollution from burning coal. "Dirty" energy accounts for 67% of the nation's energy mix, said Zhang Guobao, former director of the National Energy Administration. According to the Strategic Action Plan for Energy Development (2014-2020) released by the State Council at the end of 2014, the nation's total nuclear capacity will top 58 million kilowatts by 2020. ...
Today’s Financial Thermopylae Beckons—–But Don’t Count On The Greeks
Post Date: 2015-02-20 07:34:22 by Ada
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The global financial system desperately needs a big, bloody sovereign default—-a profoundly disruptive financial event capable of shattering the current rotten regime of bank bailouts and central bank financial repression. Needless to say, Greece is just the ticket: A default on its crushing debt and exit from the Euro would stick a fork in it like no other. But don’t count on the Greeks. Yes, their new government does have a strong mandate to throw off the yoke of its Brussels imposed bailout and associated debt servitude. Were the Syriza government to remain faithful to the raison d’etre of its wholly accidental rise to power, the task of busting the misbegotten euro ...
OPEC crude to bounce back dramatically: BP
Post Date: 2015-02-20 02:25:55 by Tatarewicz
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PressTV... The multinational energy giant, British Petroleum (BP) says the oil output by the Organization of the Petroleum Exporting Countries (OPEC) will reach record levels by 2030. In its newly-released Energy Outlook 2035, BP says, "The current weakness in the oil market, which stems in large part from strong growth in tight oil production in the US is likely to take several years to work through, but further out, the growth in tight oil is likely to slow and Middle East production will gain ground once more." According to the energy giant, “The call on OPEC crude begins to increase, exceeding the historical high (32 Mb/d in 2007) by 2030.” It says China and India ...
Nicaragua Canal to Strengthen BRICS, Undermine US Positions in the West
Post Date: 2015-02-20 02:11:27 by Tatarewicz
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© Sputnik/ The Nicaragua Canal project undermines the US influence in Latin America and its control over the transoceanic routs, facilitating strengthening the role of BRICS, notably China and Russia in the region. Ekaterina Blinova — The Nicaragua Canal project has sparked controversy in the West, that fears the new interoceanic route will undermine the US' geopolitical position in South America and reduce its influence in the Western Hemisphere. Analysts underscored that the new canal would completely change transoceanic trade, strengthening ties between Asia and South America. They point to the fact that among those countries potentially benefitting from the plan are ...
The World’s Most Notorious Asset
Post Date: 2015-02-19 16:23:17 by BTP Holdings
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The World’s Most Notorious Asset This is the story of one of the least understood, yet most valuable, assets in history. The individuals who possess it-even those who have stumbled onto it-see their wealth and their fortunes flourish. But it's not a tale of gold, silver, stocks, bonds, or real estate... And its roots go much deeper than bitcoin or any of the latest financial inventions. No... The secret we're going to uncover today traces its roots all the way back to the dawn of recorded history. To an ancient code written more than 3,800 years ago... And even though this asset appears 500 years before the Ten Commandments, it's been scorned throughout much of ...
Japan Airlines CEO Kazuo Inamori - Look & Compare
Post Date: 2015-02-18 18:17:17 by Jethro Tull
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CRCC-built Benguela Railway in Angola inaugurated
Post Date: 2015-02-18 06:30:09 by Tatarewicz
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Want... China Railway Construction Corporation (CRCC) announced the inauguration of the 1,344-kilometer-long Benguela Railway in Angola on Feb. 14, which links up the western coastal city of Lobito and the eastern border city of Luau, reports our Chinese-language sister paper Commercial Times. The Benguela Railway, which has 67 stops and crosses 42 bridges, is reportedly the most efficient and quickest way to travel through Angola by train, according to Reuters. The railway is also connected to other routes to DR Congo and Zambia. The railway is said helping Angola with both tourism and trade. The construction project that started in 2004 cost roughly US$1.83 billion, according to ...
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