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Latest Articles: Business/Finance
Facts & Figures: China's 2014 draft budget report
Post Date: 2014-03-05 01:46:28 by Tatarewicz
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BEIJING, March 5 (Xinhua) -- The Ministry of Finance, on behalf of the State Council, on Wednesday submitted a report on the implementation of 2013 central and local budgets and on the draft budgets for 2014 to the second session of the 12th National People's Congress, China's top legislature. The following are some facts and figures from the report. -- Combining the central and local budgets, national revenue is projected to be 13.953 trillion yuan (2.3 trillion U.S. dollars), up 8 percent. Including the 99.3 billion yuan to be used to repay the principal on local government bonds, total expenditure will hit 15.403 trillion yuan, leaving a deficit equivalent to about 2.1 ...
Capital One says it can show up at cardholders' homes, workplaces
Post Date: 2014-02-23 17:21:28 by X-15
6 Comments
Ding-dong, Cap One calling. Credit card issuer Capital One isn't shy about getting into customers' faces. The company recently sent a contract update to cardholders that makes clear it can drop by any time it pleases. The update specifies that "we may contact you in any manner we choose" and that such contacts can include calls, emails, texts, faxes or a "personal visit." As if that weren't creepy enough, Cap One says these visits can be "at your home and at your place of employment." The police need a court order to pull off something like that. But Cap One says it has the right to get up close and personal anytime, anywhere. Rick Rofman, 71, ...
Select Wall Street banks cleared to use own risk models
Post Date: 2014-02-22 07:09:12 by noone222
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Goldman Sachs, JPMorgan and Citigroup are among the banks that have successfully completed trial runs using their own models to assess risk and capital requirements. However, Citi said in a statement that the Fed allowed it to use its own models only after insisting it changed its capital calculation. Under the new calculation agreed with the Fed, Citi’s assets increased by $56bn and its main capital ratio fell from 10.5 per cent to 10.1 per cent. The announcement by the Federal Reserve and the Office of the Comptroller of the Currency on Friday gives those banks clarity on what methods they can use to calculate their capital requirements. During the trial run, banks had to show ...
Girl Scout Does Brisk Business Selling Cookies Outside San Francisco Pot Club
Post Date: 2014-02-21 20:16:57 by Buzzard
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What's cooler than a Girl Scout selling cookies? A business-savvy Girl Scout who sets up shop outside a cannabis clinic to rev up her sales skills. Thirteen-year-old Girl Scout Danielle Lei did brisk business last Monday selling Dulce de Leches and other flavors outside The Green Cross medical marijuana clinic in San Francisco, Mashable reported. Danielle was able to sell 117 boxes within two hours outside the cannabis clinic -- 37 more than what she sold within the same time frame at a local Safeway the next day, according to Mashable. "It's no secret that cannabis is an appetite stimulant -- so it's not shocking that a lot of our patients came and purchased cannabis, ...
Bitcoin Beauties promotes use of currency by women
Post Date: 2014-02-20 23:57:43 by Tatarewicz
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Sarah Blincoe wants more women to feel comfortable using bitcoin, so she has created a website where she will post profiles and photos of women she calls Bitcoin Beauties Blincoe started Bitcoin Beauty last year, after attending a Bitcoin conference and finding only five other women there, aside from herself, in a sea of over 1,000 men. The goal of Bitcoin Beauty is to foster community among women and to educate them and provide resources on Bitcoins. Each "beauty" has a profile and Blincoe provides an empowering photoshoot where the women's natural beauty is unaltered by photoshop. . . . . At the inaugural Bitcoin Fair, an evening of bitcoin evangelizing held this month in ...
Here's How Much You Have To Make To Buy A House In 25 Major Cities
Post Date: 2014-02-20 13:47:19 by Ada
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Online mortgage company HSH.com recently estimated the salaries needed to afford a house in 25 metropolitan areas across the United States. Because, the cost of real estate varies across cities and regions — you need to be making about four times as much money in San Diego as in Cincinnati to afford a house. The map illustrates these differences. The wider the circle over a city, the more you need to make to afford a house there: Read more: www.businessinsider.com/m...eded-to-buy-a-house-2014- 2#ixzz2ttD0sWXz Click for Full Text!
Jim Willie: We Are Well Past the 11th Hour, The Global Currency Reset Looms!
Post Date: 2014-02-20 12:06:41 by Horse
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The Global Paradigm Shift is in full swing. The Global Currency Reset is near, better described as the Return of the Gold Standard. The Iran Nuclear Talks will proceed to conclusion, better described as the Petro-Dollar Surrender Talks with nuclear proliferation rider agreements. The last chance is Gold & Silver, since what comes will be like a mighty storm. In its wake, the only wealth standing will be gold, silver, resource deposits (energy, minerals, water), and farmland. Time is running low for the many citizens of the United States and the other nations of the world to wake up and benefit from their own epiphanies. It is very late, far past the eleventh hour. The Global Currency ...
Algeria invites Gazprom - Lukoil to jointly develop oil and gas
Post Date: 2014-02-19 06:21:02 by Tatarewicz
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Algeria, with Africa’s second biggest gas reserves, has asked Russia’s Gazprom and Lukoil to tender for the joint development and exploration of some of the 30 fields that make up a fifth of the country, says Gazprom International. Both Russian oil and gas majors signed an agreement to cooperate with Algerian state-owned Sonatrach in August 2006, but so far no joint projects have been agreed, Vedomosti newspaper said. Sonatrach is the largest Algerian and African company and the 11th largest oil consortium in the world. It has a huge potential in terms of oil and gas reserves, a representative from Gazprom International told the newspaper. Algeria has Africa’s second ...
US olive oil pushing gov't to test imported oils
Post Date: 2014-02-19 02:23:37 by Tatarewicz
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It's a pressing matter for the tiny U.S olive oil industry. Shoppers are more often pouring European oil _ it's cheaper and viewed as more authentic than the American competition. And that's pitting U.S. producers against importers of the European oil. Some liken the battle to the California wine industry's struggles to gain acceptance decades ago. The tiny California olive industry says European olive oil filling U.S. shelves often is mislabeled and lower grade. They're pushing the federal government to give more scrutiny to imported varieties. One congressman-farmer even goes as far as suggesting labels on imported oil say "extra rancid" rather than extra ...
China Construction Bank launches first overseas ATM in Australia
Post Date: 2014-02-17 01:41:30 by Tatarewicz
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MELBOURNE, Feb. 16 (Xinhua) -- China Construction Bank (CCB) on Sunday launched its first overseas ATM, aside from Hong Kong, in Australia's second largest city of Melbourne, indicating the Chinese financial giant's ambition to deploy business in western markets. In his speech at the launching ceremony, Wang Hongzhang, board chairman of CCB, highly appraised Australia's marketing and investing environment for foreign financial businesses. "Australia has always been a top priority in the CCB's overseas expansion since the country enjoys a very strong economy in the Asia-Pacific region and is an international financial," said Wang at the ceremony. ATM is still a ...
The Bitcoin "aftershock" is on the way...
Post Date: 2014-02-15 14:45:16 by BTP Holdings
4 Comments
Click on the source link to view. ;)
Hulbert: 'Eerie Parallels' Between Current Dow Chart and That of 1929
Post Date: 2014-02-11 18:47:47 by BTP Holdings
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Hulbert: 'Eerie Parallels' Between Current Dow Chart and That of 1929 Tuesday, 11 Feb 2014 11:30 AM By Dan Weil A chart of the Dow Jones Industrial Average going back to July 2012 closely matches one from 1928-29, signaling a crash may be coming later this month or in March, if the correlation continues, says Mark Hulbert, editor of Hulbert Financial Digest. "There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash," he writes in an article for MarketWatch. He first wrote about the chart on MarketWatch in early December, questioning its validity. But now that the pattern has continued to repeat, he's ...
Bitcoin drops
Post Date: 2014-02-11 08:55:11 by Tatarewicz
2 Comments
IBT Prices have continued to fall across multiple bitcoin exchanges, caused by a halt of withdrawals on one of the oldest ones. Mt.Gox suspended withdrawal capability on its exchange Friday, starting a chain reaction of price declines that was still underway as of noon Monday. Mt.Gox has seen the largest of the drops, but other large exchanges like BTC-e and Bitstamp have experienced a valuation decrease as well, creating a buyer’s market for the virtual currency. In the month leading up to Friday, bitcoin prices had experienced a period of stability, giving proponents of the cryptocurrency a point of contention with naysayers who see it as highly volatile. That all changed, though, ...
Regarding Top Secret Government Information...
Post Date: 2014-02-09 06:26:17 by BTP Holdings
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Regarding Top Secret Government Information... By ROBERT WILLIAMS, Publisher, Wall Street Daily Warning: What you're about to read is likely to shock you, and represents only a brief glimpse behind the government's increasingly thick veil of secrecy. The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths, and to secret proceedings. - J.F.K. Although Wall Street Daily is doing everything in its power to keep its readers informed, the government continues to behave like a secret society in and of itself. *** Let's face it, capitalism isn't always fair! ...
Lukoil in investment talks with Iran: Russian envoy
Post Date: 2014-02-09 04:16:12 by Tatarewicz
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PressTV... Russian Ambassador to Tehran Levan Dzhagaryan says the country’s oil giant, Lukoil, has started negotiations with National Iranian Oil Company (NIOC) to explore and develop oil and gas fields in the Caspian Sea. The ambassador said on Saturday that Lukoil, which is Russia’s second largest oil producer, has expressed desire to return to Iran’s energy market in light of sanctions being eased against the country. Along with the Norwegian Statoil, Lukoil was prospecting for oil in Iran’s Anaran block before it pulled out of the project due to the imposition of illegal sanctions on the country’s energy sector by the United States and the European Union. ...
Bitcoin plunges 20% on big Japan-based exchange as withdrawals halted
Post Date: 2014-02-09 03:14:31 by Tatarewicz
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The value of the bitcoin cryptocurrency has dropped below $690 per unit on one of the world’s biggest exchanges Mt. Gox, after the Japanese trader temporarily stopped withdrawals to fix technical problems. "In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state," according to a statement released Friday, February 7. “In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to ...
Marc Faber On The Four Pillars Of Poverty
Post Date: 2014-02-09 01:01:02 by Horse
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I think it is remarkable that, despite the growth the US has enjoyed since the 1960s, the poverty rate has barely changed. Writing for the Wall Street Journal last month under the title “How the War on Poverty Was Lost”, Robert Rector notes that: “Fifty years and $20 trillion later, LBJ’s goal to help the poor become self-supporting has failed.” He writes further: On Jan. 8, 1964, President Lyndon B. Johnson used his State of the Union address to announce an ambitious government undertaking. “This administration today, here and now,” he thundered, “declares unconditional war on poverty in America.” Fifty years later, we’re losing that ...
Three Currencies Ready for a HUGE Revaluation
Post Date: 2014-02-08 18:26:42 by BTP Holdings
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Three Currencies Ready for a HUGE Revaluation by Karim Rahemtulla Senior Correspondent & Emerging Markets Specialist, Wall Street Daily Dear Wall Street Daily Reader, The U.S. dollar and euro are doomed. Why? Because in addition to being in slow-growth economies, saddled with debilitating debts, they’re the victims of an enormous increase in money supply. Result? Serious inflation and devaluation for both currencies in the coming years. Even if the United States doesn’t add to its already bloated debt, the interest on it – coupled with massive money printing – virtually guarantees higher prices. The same goes for Europe, as the region is printing money out of ...
Forecaster Predicts Financial Chaos in 2014
Post Date: 2014-02-08 15:16:12 by BTP Holdings
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Click on the link to listen to podcast.
Elliott Management's Singer: US Economy Is Steered By a Ship of Fools
Post Date: 2014-02-05 19:57:23 by BTP Holdings
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Elliott Management's Singer: US Economy Is Steered By a Ship of Fools Wednesday, 05 Feb 2014 07:25 AM By John Morgan While the Washington, D.C., establishment looks the other way and pretends calamity is not around the corner, the Federal Reserve has been doubling down on all of the perilous risks that caused the 2008 financial meltdown, says hedge fund titan Paul Singer, principal of Elliott Management. Singer is decidedly not a fan of quantitative easing (QE) or other Fed policies that have artificially plumped up asset prices. In his January letter obtained by ZeroHedge, Singer says the impact of government monetary policy has grown so "manipulative and large" that it ...
Harvard's Martin Feldstein: It's Still Morning in America
Post Date: 2014-02-03 21:47:37 by BTP Holdings
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Harvard's Martin Feldstein: It's Still Morning in America Monday, 03 Feb 2014 08:06 AM By John Morgan Although the United States will experience slower growth, the country will be much richer in 40 years than it is today, says Martin Feldstein, the Harvard economist who once chaired President Reagan's Council of Economic Advisers. In an opinion piece for Project Syndicate, Feldstein lists several reasons for his sunny outlook. Two of them are unusual, but seem perfectly reasonable. They have to do with the American penchant for innovation and technological breakthroughs. Namely, Feldstein notes that per capital GDP does not measure improvements in the quality of goods and ...
Reid Derails Fast Track
Post Date: 2014-02-01 03:07:22 by Stephen Lendman
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Reid Derails Fast Track by Stephen Lendman Senate Majority Leader Harry Reid (D. NV) opposes fast track legislation. He broke with Obama on trade policy. "I'm against fast track," he said. "I think everyone would be well-advised not to push this right now." Senator John Cornyn (R. TX) said: "You can kiss any new trade deals goodbye. I think the majority leader's focus is on the November elections, and he doesn't want to expose his vulnerable members to controversial votes." AFL-CIO trade policy specialist Celeste Drake called Reid's comments "a great opportunity to get off the fast track to bad trade deals and open the policy window ...
What If You Could Buy Gold For 50 Cents On The Dollar?
Post Date: 2014-01-30 06:59:22 by BTP Holdings
4 Comments
Here's how. crisiseducation.us7.list-...d=34c85b1ff0&e=a16f510692Poster Comment:Hard to believe, but I have no money to try this right now. ;)
Olive Garden, Applebee's struggle to stay relevant as consumers change dining habits
Post Date: 2014-01-29 20:32:12 by christine
24 Comments
Casual dining is in some serious trouble. Americans have been told for decades, in cheery voiceovers, that inexpensive sit-down meals at national chains meant “Eating good in the neighborhood,” where “It’s always Friday.” Every mall or major intersection was given a Chili’s, an Olive Garden or an Applebee’s – sometimes all three. Yet the casual-dining industry has largely worn out its welcome. Customer traffic to these restaurants has declined in nine of the past 13 years, according to retail-research firm Black Box Intelligence. Even as the U.S. economy began healing and consumer spending recovered, beginning in 2010, same-store sales were ...
Beretta USA to Locate New Manufacturing Facility in Sumner County, Tennessee
Post Date: 2014-01-29 12:54:55 by X-15
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NASHVILLE – Beretta USA officials along with Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty announced today the company will expand its U.S. operations by building a new firearms manufacturing plant in the Gallatin Industrial Park. Beretta, a global manufacturer of high-quality sporting and military firearms, will invest $45 million in a state-of-the-art manufacturing and R&D facility. Beretta will create 300 new Tennessee jobs. The company is expected to complete construction on the facility this year. Beretta is the world’s oldest manufacturing dynasty, operating since 1526 in Italy. The company is privately owned and operated by ...
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