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Latest Articles: Business/Finance
VolkswagenÂ’s New 300 MPG Car Not Allowed In America Because It Is Too Efficient
Post Date: 2014-11-01 14:53:16 by BTP Holdings
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Volkswagen’s New 300 MPG Car Not Allowed In America Because It Is Too Efficient May 25, 2014 Steven Bancarz 843 Comments You won’t find the 300 MPG Volkswagen XL1 in an American showroom, in fact it has even been denied a tour of America because it is too efficient for the American public to be made widely aware of, and oil profits are too high in America with the status quo in place. No tour has been allowed for this car because the myth that 50 mpg is virtually impossible to obtain from even a stripped down econobox is too profitable to let go of, and when it comes to corporate oil profits, ignorance is bliss. Years ago I had calculated that it should ...
Ep. 53 Ted Leonsis: Six Secrets to Achieving Happiness and Success
Post Date: 2014-11-01 09:25:15 by BTP Holdings
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Ep. 53 Ted Leonsis: Six Secrets to Achieving Happiness and Success Recommended Reading The Business of Happiness: 6 Secrets to Extraordinary Success in Life and Work - Ted Leonsis 10/21/2014 with Ted Leonsis Episode Snapshot Ted Leonsis, founder of Monumental Sports & Entertainment. James calls him one of the most inspirational people that he knows and has followed his career forever. Growing up in a family that was not financially successful, he was able to turn his luck around completely... At the age of 26 he had already sold his first company and made $70 million. Today, Ted Leonsis, founder, chairman, majority owner, and CEO of Monumental Sports & ...
Bust You For It Now, Tax You For It Tomorrow
Post Date: 2014-11-01 09:03:38 by Ada
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Vale, Oregon “I’m going to be burning weeds today – the right kind, that is,” Bill Esbensen wryly informed me as we met at his abandoned rental property. He was careful to obtain the required permit before igniting the assembled yard debris. Since he will be on probation until June 2016, Bill could wind up in prison for even the most trivial ordinance violation, the people running what passes for the “justice” system in Oregon’s Malheur County have an incontinent lust to send him there. A few weeks earlier, in a courthouse a few blocks away from the rental home in Vale, the Malheur County DA’s office briefly considered confiscating the property ...
Canadians spend more on taxes than food, shelter: Fraser Institute : CRA SOTW
Post Date: 2014-11-01 02:27:08 by Tatarewicz
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CBC News The average Canadian family spends more on taxes than on food, shelter and clothing combined,a new study released today by the Fraser Institute, a Canadian public policy think-tank that focuses on free markets and government policies targeting consumers. "If you asked people to name their household's biggest expense, many would likely say housing, but in reality, the average Canadian family spends more on taxes than all basic necessities including housing," the report's author Charles Lammam said of the paper, which tracks the total tax bill of the average Canadian family from 1961 to 2013. In 2013, the study says the average Canadian family earned $77,381 and ...
Fed Ends QE
Post Date: 2014-10-31 16:51:00 by Stephen Lendman
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Fed Ends QE by Stephen Lendman On October 29, A Federal Reserve press release said in part: The Open Market Committee (FOMC) "decided to conclude its (QE) asset purchase program this month." It's "maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction." "This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions." Months earlier, former Reagan administration Office of Management and ...
51 countries declare banking secrecy ‘obsolete’, sign pact in Berlin
Post Date: 2014-10-31 08:58:29 by Tatarewicz
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RT... Finance ministers from over 51 countries signed an agreement in a step closer to ending the dark financial underworld of tax-evasion and money-laundering. Another 30 countries pledged to join by 2018. The deal is called the Multilateral Competent Authority Agreement and will look to build a collective exchange of bank accounts, taxes, assets, and income held outside local tax jurisdictions. The two-day summit was organized by the Organization for Economic Cooperation and Development (OECD) and the Global Forum on Transparency and Exchange of Information for Tax Purposes. It was hosted by German Finance Minister Wolfgang Schauble and held in Berlin. "Banking secrecy, in its ...
China has nipped Bitcoin in the bud
Post Date: 2014-10-31 03:55:45 by Tatarewicz
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In the year 2000, Bill Clinton famously quipped that trying to control the internet in China would be like "trying to nail Jello to a wall". Fourteen years later and, for the most part at least , the Chinese government has managed to pull off what was then deemed impossible and make it stick. The same phenomenon is repeating itself with the latest digital disruptor de jour, the crypto-currency bitcoin. Many analysts believe bitcoin is at around the same level of development and recognition as the internet was when Clinton made those remarks. Recognising the game-changing economic upside to the internet, the Chinese government accepted it, but on its own terms. Bitcoin has ...
Video: Scary Silver
Post Date: 2014-10-30 20:55:51 by BTP Holdings
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PetroChina profit growth slows
Post Date: 2014-10-30 05:56:54 by Tatarewicz
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BEIJING, Oct. 29 (Xinhua) -- Net profits of PetroChina Company Limited, China's largest oil and gas producer, edged up 0.8 percent year on year to 96.05 billion yuan (15.64 billion U.S. dollars) in the first three quarters of 2014, new data showed Wednesday. The pace was much slower than a 4-percent growth in the first half of this year. During the first nine months, business revenue rose 4.3 percent to 1.75 trillion yuan, according to the company's quarterly report filed with the Shanghai Stock Exchange The company's slow profit growth was mainly attributable to a weak third quarter, when international oil prices declined. Its profits in the exploration and production ...
China's first floating LNG project completed
Post Date: 2014-10-29 01:29:17 by Tatarewicz
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TIANJIN, Oct. 28 (Xinhua) -- China's first floating liquified natural gas (LNG) terminal completed its first phase of construction in the northern port city of Tianjin on Tuesday. Covering an area of 75 hectares and designed to supply 3 billion cubic meters of gas each year, it can supply imported liquified natural gas to energy-thirsty cities such as Beijing and Tianjin, said the China National Offshore Oil Corporation, which owns the terminal. Two low-temperature storage tanks have a capacity of 30,000 cubic meters of gas each and were built specifically for the project. Construction began in 2012 with a total investment of 3.3 billion yuan (537 million U.S. dollars). The terminal ...
America's gold "gone" - replaced by debt
Post Date: 2014-10-27 08:49:54 by Tatarewicz
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After sifting and sorting through hundreds of financial documents – from archives spanning 22-years – I uncovered what must be one of the best-disguised paper trails in accounting history... Inside it lays evidence of a perverse trading trend which exposes a political scandal of such magnitude – it promises to dwarf all those that came before it. And not just in economic terms but in ethical terms too. It’s the State’s deepest, darkest secret: the $54 trillion skeleton in Obama’s closet. But it’s about to come to light…with strikingly devastating consequences for America… And I’m not the only one who thinks so. Others have come to ...
Pan-Pacific trade pact taking shape: Australia
Post Date: 2014-10-27 05:32:58 by Tatarewicz
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Yahoo... Sydney (AFP) - The shape of an ambitious pan-Pacific trade agreement was "crystallising", trade ministers said Monday, although the United States and Japan remain divided over market access. Australian Trade Minister Andrew Robb said officials had laid the groundwork for the conclusion of the Trans-Pacific Partnership (TPP) deal, which would encompass 40 percent of the global economy. "Over the course of our weekend meeting, we have spent a considerable portion of our time in one-on-one discussions," said Robb, who hosted the Australian leg of the discussions in Sydney. "That has allowed us to make further progress in the negotiations on market access ...
One in five Eurozone banks struggling with financial problems
Post Date: 2014-10-27 04:46:47 by Tatarewicz
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PressTV... The European Central Bank says one in five Eurozone banks is grappling with financial problems with Italy's banks hit hardest by the ongoing crisis. The ECB said on Sunday that 13 of Europe's top banks have failed an in-depth review of their finances and need to increase their capital buffers against losses by 10 billion euros (USD 12.5 billion). "A total of 25 billion capital shortfalls were identified across 25 participating banks as a joint result of the AQR (Asset Quality Review) and the stress test," ECB Vice President Vitor Constancio said, adding, "Out of the 25, 12 banks have already taken measures in 2014 that are enough to cover their ...
Russia and China are to challenge Boeing and Airbus as world aircraft leaders
Post Date: 2014-10-27 04:20:36 by Tatarewicz
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RT... The two countries are setting up a joint venture to build new airplanes based on Russia's Ilyushin aircraft. Experts say, this could give birth to a strong new player in the market. Russia’s United Aircraft Corporation (UAC) and China’s Commercial Aircraft Corporation (Comac) plan to develop and produce long-haul aircraft based on the Ilyushin (IL-96), Yury Slusar, Russia’s Deputy Minister of Industry and Trade, told Vedomosti daily. Moscow will provide the know-how and technology, while Beijing will be responsible for the cash. The cost of the project wasn’t specified. However, “in this issue one can see from the experience of Boeing and Airbus. The ...
Focus on Leaders in a Flat Metals Market
Post Date: 2014-10-26 15:38:43 by BTP Holdings
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Click on source link to listen to podcast.
Denmark's central bank to stop producing money
Post Date: 2014-10-26 07:02:55 by Tatarewicz
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Local... With more and more people paying with credit cards and their smartphones, Denmark’s central bank Nationalbanken says it no longer pays to print banknotes or mint coins. By the end of 2016, Nationalbanken plans to outsource all of its printing and minting services to an external supplier. “Although the amount of cash circulating in Denmark continues to be high, society’s demand for new banknotes and coins has been falling for years, and Nationalbanken has no expectations that the trend will be reversed,” the bank wrote in a press release. In addition to the rise in alternative paying options, the central bank also said that today’s banknotes and coins are ...
Obama's Head Will Spin From the New Conservative Agenda
Post Date: 2014-10-25 16:02:45 by BTP Holdings
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Obama's Head Will Spin From the New Conservative Agenda Friday, 24 Oct 2014 09:35 PM By Larry Kudlow The vast majority of political journalists — and I include some of my conservative colleagues — are missing a very big story. The Republicans are going to recapture the Senate, picking up more seats than most any forecaster expects. And the House GOP is going to add to its majority. But then comes the big story: The beginning of a new conservative revolution. The idea that nothing much will change if the GOP captures the whole Congress is just plain wrong. The politics and policies in Washington are about to change in a major way. Obama may still be president. But he is ...
Where Wall Street money managers REALLY invest their money
Post Date: 2014-10-25 15:30:03 by BTP Holdings
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Click on source link to view video. Poster Comment:More stuff about bank improprieties, and large, secret transactions. ;)
Your Finances Have Been Leaked...
Post Date: 2014-10-25 13:55:38 by BTP Holdings
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I regret to inform you that all of your financial transactions for the last two decades (at least) are COMPLETELY exposed. Anyone who wants to see what you've sold or purchased -- NSA, FBI, CIA, or other government agents -- can simply go to your bank and retrieve your financial history... No questions asked. ==> Here's a new type of currency that can't be spied on... if.inboxfirst.com/ga/clic...731-1ae363f79d-05d765b43c For years it was impossible to avoid this type of intrusive government snooping unless you dealt solely in cash or gold. However, there's now a digital currency that goes even further to protect your identify... It's 100% anonymous, 100% ...
Russia launches first-ever gas trading in St. Petersburg
Post Date: 2014-10-24 09:50:03 by Tatarewicz
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RT... Russia, the world’s second-largest producer of natural gas, has launched its first auction of natural gas on Friday at the St. Petersburg International Mercantile Exchange (SPIMEX). It will be Europe’s largest natural gas trading post. The project is intended to create a more competitive market for natural gas prices, which at present are more-or-less tied to oil. Now, independent producers will have access to a broader range of buyers. The exchange will facilitate up to 35 billion cubic meters of gas annually, with Gazprom, Russia’s largest producer, maintaining the right to sell a half of that, and independent producers the remaining 17.5 billion cubic meters. ...
Xi eyes better global financial governance as MOU signed on new multilateral bank
Post Date: 2014-10-24 09:03:07 by Tatarewicz
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BEIJING, Oct. 24 (Xinhua) -- Chinese President Xi Jinping looks forward to better global financial governance as 21 countries signed a memorandum of understanding (MOU) Friday on establishing a new multilateral bank to finance infrastructure projects in Asia. Xi made the remark as he met with representatives from the 21 countries involved in setting up the Asian Infrastructure Investment Bank (AIIB) at the Great Hall of the People in downtown Beijing. The representatives were from Bangladesh, Brunei, Cambodia, China, India, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, the Philippines, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan and Vietnam. The ...
Boeing back to business in Iran, first time since 1979
Post Date: 2014-10-23 08:33:08 by Tatarewicz
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Home / News / RT... In a sign of warming relations with Tehran, American aerospace company Boeing announced it sold products to Iran Air in the third quarter, ending a 35-year freeze that began with the 1979 US hostage crisis. Boeing, taking advantage of reduced sanctions against Iran, which agreed in November 2013 to halt all nuclear-related research for six months, reported it sold “aircraft manuals, drawings, navigation charts and data” to the Iranian national carrier. READ MORE: Iran’s Rouhani blames ‘certain intelligence agencies’ for rise of global extremism Although no aircraft or spare parts were included in the $120,000 worth of sales, the news points ...
Greenspan: 'Economy's Outlook Isn't Good' Until Productivity Improves
Post Date: 2014-10-23 07:55:44 by BTP Holdings
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Greenspan: 'Economy's Outlook Isn't Good' Until Productivity Improves Monday, 06 Oct 2014 11:00 AM By Dan Weil Productivity increased only 0.9 percent last year and declined an average of 1.1 percent in the first two quarters of this year. Former Federal Reserve Chairman Alan Greenspan is concerned. "Our productivity rate is slowing dramatically, causing slow growth in wages, and that's causing a lot of the problems in the economy over the long run," he told Fox Business Network. "What concerns me most is that unless and until we can rectify that problem, our economy's long-term outlook is not good." The September jobs report, released ...
Study: Wealth Disparity Greater Than Anytime Since 1929
Post Date: 2014-10-23 07:30:34 by BTP Holdings
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Study: Wealth Disparity Greater Than Anytime Since 1929 Wednesday, 22 Oct 2014 07:00 AM By Michael Kling Wealth inequality is greater than anytime since 1929, new research from Emmanuel Saez of the University of California, Berkeley, and Gabriel Zucman of the London School of Economics reveals. "The share of wealth held by the top 0.1 percent of families is now almost as high as in the late 1920s, when 'The Great Gatsby' defined an era that rested on the inherited fortunes of the robber barons of the Gilded Age," the economists write in a blog post for the Washington Center for Equitable Growth. Wealth concentration has followed a U-shaped trend in the last 100 ...
Russia takes bite out of McDonald's with US ties in deep freeze
Post Date: 2014-10-23 05:55:25 by BTP Holdings
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Russia takes bite out of McDonald's with US ties in deep freeze AFP By Maxime Popov 6 hours ago Moscow (AFP) - Russian authorities seem to have scented blood as they show no sign of halting a clampdown on US chain McDonald's, launched after the West slapped sanctions on Moscow over its meddling in Ukraine. Ten outlets of the symbolic American eatery are now closed, McDonald's said Wednesday, months after the country's consumer watchdog began inspections at almost half of the burger giant's 451 restaurants nationwide. The hit to operations -- compounded by the closure of three branches on the Black Sea peninsula of Crimea, snatched by Moscow from Ukraine in March -- ...
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