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Latest Articles: Business/Finance
14 Wal-Mart facts that will blow your mind
Post Date: 2013-10-21 20:09:46 by X-15
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We compiled some facts about Wal-Mart that will blow your mind: •Wal-Mart averages a profit of $1.8 million every hour. •35 million people shop at Wal-Mart every day, as much as the population of Canada. •Wal-Mart's $316 billion U.S. retail sales exceed those of Kroger (KR -0.28%), Target (TGT -0.20%), Costco (COST -0.65%) and Walgreens (WAG -0.61%) combined. •The average Wal-Mart supercenter sells 140,000 individual items. •Wal-Mart opened between four and five new stores every week in 2012. •The Walton family is worth $150 billion, about as much as Bill Gates, Warren Buffett and Michael Bloomberg combined. •Wal-Mart commonly receives 25 ...
Costco's business strategy
Post Date: 2013-10-20 00:06:23 by Tatarewicz
3 Comments
Since Obamacare became law in 2010, big retail chains have been prominent among the private employers shunting workers off their insurance rolls and onto public health care exchanges. Home Depot (HD) and Trader Joe’s each announced such plans in recent months for part-timers. Costco store: Credit APCostco Wholesale (COST), though, went the other direction, creating a partnership last year with Aetna (AET) to offer personal-insurance plans designed to be cheaper than at the state exchanges. While most retail executives are vocal in their opposition to a higher minimum wage, Costco CEO Craig Jelinek came out in favor of lifting it – a stance that echoes the warehouse-club’s ...
Yellen About The Mogambo Sure-Fire Road To Investing Success (MSFRTIS)
Post Date: 2013-10-18 06:33:48 by Ada
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I emphasize, for the record, that I was NOT at some common, sleazy bar, some dingy, smoky rat hole full of stinking drunks stumbling around saying hello to one another (“Hi, Bill!” “Go to hell, Mogambo!”). It was, instead, a rather nice place, somewhat of a classy oasis where men of class and breeding meet to have a casual drink with friends, perhaps after work, in an atmosphere of comfortable camaraderie to stuff one-dollar bills into the G-strings of hoochie-coochie dancers, especially that leggy blonde babe over there by the bar, whose eyes say “Oooh, I want you, Mogambo! Take me in your manly arms and whip me into a frenzy!”, but whose lips said ...
British nuclear power plants invite Chinese investors
Post Date: 2013-10-17 23:29:21 by Tatarewicz
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SHENZHEN, Oct. 17 (Xinhua) -- British Chancellor of Exchequer George Osborne on Thursday invited Chinese companies to invest in Britain's nuclear power stations and stressed high-tech cooperation between the two nations. Osborne visited the construction site of Taishan Nuclear Power Plant in south China's Guangdong Province on Thursday during his four-day trip to Beijing and Guangdong that aimed at strengthening bilateral trade. "I've come here because I want to see Chinese investment in the British nuclear power industry," Osborne told Xinhua. Osborne said the U.K. government welcomes Chinese investment in Britain's next-generation nuclear programs, saying ...
China economy
Post Date: 2013-10-17 23:06:48 by Tatarewicz
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BEIJING, Oct. 18 (Xinhua) -- China's gross domestic product growth accelerated to 7.8 percent in the third quarter, up from 7.5 percent in the second quarter, the National Bureau of Statistics announced on Friday. Related: China's September industrial production rises 10.2 pct BEIJING, Oct. 18 (Xinhua) -- China's industrial production rose 10.2 percent year on year in September, slightly down from August's 10.4-percent increase, official data showed on Friday. Full story China's retail sales up 12.9 pct in first 9 months BEIJING, Oct. 18 (Xinhua) -- Retail sales in China rose 12.9 percent in in the first nine months from a year earlier, data from the National ...
China Calls for De-Americanizing
Post Date: 2013-10-17 02:51:51 by Stephen Lendman
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China Calls for De-Americanizing by Stephen Lendman It's an idea whose time has come. On October 13, China's official press agency Xinhua headlined "Commentary: US fiscal failure warrants a de-Americanized world." More on this below. Thomas Jefferson once warned: "If the American people allow the banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and corporations that will grow up around them will deprive people of all property until their children will wake up homeless on the continent their fathers occupied." "The issuing power of money should be taken from the banks and restored to Congress and the ...
CHASE BANK LIMITS CASH WITHDRAWALS
Post Date: 2013-10-16 18:16:20 by noone222
19 Comments
Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers Preparing for looming financial crisis in U.S.? Paul Joseph Watson Infowars.com October 16, 2013 UPDATE: Chase Bank confirmed to Infowars that all business account holders were being subjected to these new regulations. They indicated that customers would have to pay a fee on every dollar withdrawn over the limit. Given that even a relatively small grocery store or restaurant is likely to turnover more than $50k a month in cash payments, this appears to be part of a wider move to shut down businesses who mainly deal in cash. The bottom line is that banks think your money is their money and will do everything in their ...
London to become Chinese offshore banking centre
Post Date: 2013-10-16 06:55:18 by Tatarewicz
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RT Britain has relaxed stringent rules for Chinese banks willing to set up in London. Beijing in turn opened up its markets to British-based investors, marking the latest move to establish the yuan as one of the world’s key currencies. “A great nation like China should have a global currency,” said UK Chancellor of the Exchequer, George Osborne, during his official five day visit to China. And the UK is gladly willing to contribute “through the international center of finance: London”. Under the agreed pilot program, China sanctioned London-based investors to buy up to 80 billion yuan ($13.1 billion) of stocks, bonds and money market instruments directly, avoiding ...
Nestle: Global Water Predator
Post Date: 2013-10-16 02:51:07 by Stephen Lendman
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Nestle: Global Water Predator by Stephen Lendman Nestle is a global predator. It lies calling itself "the world's leading nutrition, health and wellness company." "Our mission of 'Good Food, Good Life' is to provide consumers with the best tasting, most nutritious choices in a wide range of food and beverage categories and eating occasions, from morning to night." Acquiring competitors secured it numerous water brands. They're listed under the heading "Nestle Waters: The Healthy Hydration Company." They include Aqua Spring, Deep Spring, Glaciar, Ice Mountain, Perrier, Poland Spring, and Pure Life among others. They're sold in dozens of ...
Cockroach farming is a booming business in China
Post Date: 2013-10-16 00:44:32 by Tatarewicz
2 Comments
Yahoo News... In recent years, people around the world have spent nearly $40 billion annually on pesticides. And there may be no other insect that bothers the average person more than the cockroach. But a few Chinese farmers have taken a radically different approach: cultivating millions of cockroaches as part of a profitable business venture. As the Los Angeles Times reports, there are about 100 farms in China, raising more than 10 million cockroaches. Because the unusual industry is largely unregulated, most cockroach farmers operate somewhat under the radar. They say the Chinese government is aware of their existence and is allowing them to operate freely as long as they don’t ...
Marc Faber: Pray All Asset Classes Don't Collapse at the Same Time
Post Date: 2013-10-15 19:17:44 by BTP Holdings
7 Comments
Marc Faber: Pray All Asset Classes Don't Collapse at the Same Time Tuesday, 15 Oct 2013 02:23 PM By John Morgan Marc Faber, publisher of the “Gloom, Boom and Doom Report,” says there are no safe havens left for investors, and diversifying to spread risk around in a troubled world is the only hope. In an interview on Bloomberg TV, Faber ticked off the problems with traditional investments. “Bank deposits are not safe which used to be safe,” he said. “Money in Treasury bills is not 100 percent safe and there is inflation in the system and you would hardly get any interest. “Bonds are not very safe anymore because eventually interest rates will go ...
The default has already begun
Post Date: 2013-10-15 12:38:43 by Prefrontal Vortex
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The default has already begun By Felix Salmon October 14, 2013 The big question in Washington this week is whether, in the words of the NYT, we’re going to see “a legislative failure and an economic catastrophe that could ripple through financial markets, foreign capitals, corporate boardrooms, state budget offices and the bank accounts of everyday investors”. In this conception — and I have subscribed to it just as much as anybody else — the sequester is bad, the shutdown is worse, and the default associated with hitting the debt ceiling is so catastrophic as to be unthinkable. This frame is a useful one, not least for the politicians in Washington, who seem to ...
Clearing Firms Gird for Treasury Default
Post Date: 2013-10-15 12:17:32 by Prefrontal Vortex
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Clearing Firms Gird for Treasury Default Some of the largest U.S. clearing firms are preparing for a potential U.S. Treasury default, the latest group to gird for the fallout if the government can't break its budget impasse. By Katy Burne, Jacob Bunge Some of the largest U.S. clearing firms are preparing for a potential U.S. Treasury default, the latest group to gird for the fallout if the government can’t break its budget impasse. Citigroup Inc. and State Street Corp. have been discussing ways in which they might impose limits on clients’ use of short-term U.S. Treasury bills due in the coming weeks as collateral, according to people familiar with the matter. Citigroup ...
Occam's Razor in the Gold Space
Post Date: 2013-10-14 12:55:37 by X-15
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Occam's Razor in the Gold Space Occam's Razor: “among competing hypotheses, the hypothesis with the fewest assumptions should be selected… one should proceed to simpler theories until simplicity can be traded for greater explanatory power.” The Razor in the Gold Space The simplest correlation possible is between just two events or data sets. So, I bring the reader’s attention to just two activities in the Gold Space and then draw a line between the two and name the overarching activity which connects the two (conspiracy for those who love the term). 1. The Bullion Banks, the US Fed, select Hedge Funds, and the MSM are attacking the Gold Price as a ...
German retailers embrace ugly fruit
Post Date: 2013-10-14 02:32:29 by Tatarewicz
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Local Germany: Some European retailers are entering the market of ugly fruits and vegetables, positioning themselves as crusaders against food waste after Germany's Edeka started selling flawed items in some stores across the country. Normally the crooked veggies would end up thrown away or as animal feed, because consumers "buy with their eyes too, and have gotten used to certain norms" of shape and colour, said Gernot Kasel, a spokesman for Germany's number one retailer by market share. Branded "nobody is perfect", the ill-proportioned apples, potatoes and carrot sell cheaper than their "normal" counterparts. Swiss market-leader Coop entered ...
The Time When 8 States Defaulted: Could it Happen Again?
Post Date: 2013-10-13 04:35:20 by Tatarewicz
5 Comments
The United States has never defaulted on its debt, but, with the political gridlock in Washington D.C., it seems that the unthinkable might happen as the United States approaches its limit to borrow. "Treasury Secretary Jack Lew told Congress [October 1] that the U.S. government has started to use the last of its 'extraordinary measures' to ensure it stays below the debt ceiling," according to CNNMoney, but the secretary believes that the government "will run out of extraordinary measures no later than Oct. 17." Even the most hard-headed politicians probably recognize that it’s best not to allow the federal government to default on its obligations. But the ...
JPMorgan's Dimon on US default: 'You don't want to know'
Post Date: 2013-10-12 21:13:48 by Tatarewicz
6 Comments
Washington (AFP) - Top US banker Jamie Dimon of JPMorgan Chase warned Saturday that the United States needs to avoid defaulting on its debt, saying the possible repercussions are unfathomable. "You don't want to know," Dimon said when asked what would happen if the US is forced into default because Congress did not raise the country's borrowing limit. "It would ripple through the world economy in a way that you couldn't possibly understand," he said at a discussion held by the Institute of International Finance, a leading forum for the world's banks. He said it would shock the money market, where trillions of dollars in cash are invested in ...
Gas is Getting Cheap Again
Post Date: 2013-10-12 15:08:31 by Ada
4 Comments
In my area (SW Virginia) regular unleaded can now be purchased for less than $3 a gallon. Most people are smiling – the smile of the simple-minded. Or the dazed. Or perhaps, the forgetful. Does no one remember that a mere handful of years ago, gas sold for less than $2 a gallon?gas picture lead And now, they’re happy about paying less than $3… . Remarkable. Meanwhile, the average price paid for a new car (as of this past April) now exceeds $30,000 (news story here). In 1990, it was just over $16,000. So, we’re paying twice as much for gas – and for the cars we put the gas into. Hence my not smiling. Inflation accounts for a lot of this, of course. $16k in ...
A Shining Gift From The ESF
Post Date: 2013-10-10 07:06:37 by Ada
1 Comments
At first, you know, I was predictably grumpy, visibly upset by the ugly news that the lawsuit against the Commodities Futures Trading Corporation, et al, for rigging and manipulating the silver market, was thrown out. The reason? The court ruled that the Treasury actually has the legal right to rig and manipulate anything in any financial markets, including silver, and to lie about it to boot, according to the slimy provisions of the government’s Exchange Stabilization Fund (ESF)! Therefore, the court ruled, since the government created the ESF, by its provisions it is now perfectly legal for the government to cheat people, and have civilian accomplices cheat people, and then ...
Obama picks Yellen as Federal Reserve chair
Post Date: 2013-10-09 01:53:15 by Tatarewicz
7 Comments
President Barack Obama on Wednesday will nominate Federal Reserve Vice Chairwoman Janet Yellen to become the first woman to lead the U.S. central bank. The announcement comes as a government shutdown and fight over raising the debt ceiling threaten to rattle the fragile economic recovery. Yellen and Federal Reserve Chairman Ben Bernanke are due to join Obama in the White House’s ornate East Room for the formal announcement at 3 p.m. on Wednesday. The nomination, one of the most important decisions of the president's second term, requires Senate confirmation. Yellen, 67, has extensive support from Senate Democrats, more than one third of whom signed a letter earlier this year ...
100 Years of the Income Tax (Peter Schiff)
Post Date: 2013-10-07 19:30:03 by X-15
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Israel approves high-speed railway linking Mediterranean, Red Sea ports
Post Date: 2013-10-06 21:41:12 by Tatarewicz
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JERUSALEM, Oct. 6 (Xinhua) -- An Israeli ministerial committee approved on Sunday an outline of a train route from Tel Aviv, the country's largest city on the Mediterranean coast, to the southernmost resort city of Eilat on the Red Sea, a government spokesperson confirmed to Xinhua. The new track, spanning over a distance of nearly 400 km, will include 63 bridges and five tunnels. The train would be used to transport passengers as well as cargo, and will take two hours per ride at a speed of 250 kilometers per hour. This is Israel's biggest and most expensive transportation- related project, costing approximately 30 billion shekels (8.6 billion U.S. dollars). The project is set ...
Oil companies wonder if North Africa is really worth it
Post Date: 2013-10-06 04:34:58 by Tatarewicz
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LONDON (Reuters) - Two years of turmoil since the Arab Spring and some of the toughest terms in the business have led international oil companies to reassess their role in North Africa, with U.S. firms looking keenest to leave. Libya and Algeria are among Africa's top four oil producers. Together with Egypt, they are major suppliers of gas to Europe and their budgets depend heavily on energy revenues. But Libya has not turned into the bonanza some foreign oil firms had hoped for, while the cost to reward ratio of producing gas in Egypt and Algeria looks less appealing as new finds in more politically stable places like Tanzania offer alternatives. For some U.S. companies, the ...
Tesla S tops new car registrations in Norway
Post Date: 2013-10-06 02:43:19 by Tatarewicz
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AFP An electric car model has topped the list of new car registrations in Norway for the first time, a car industry group said Thursday. In the month of September there were 616 registrations of the high-end US-made Tesla S, accounting for 5.1 percent of the total, according to Opplysningsraadet for Veitrafikken(OFV) which compiles data on Norwegian car sales. Overall, electric cars took 8.6 percent of the market in September, compared to 5.2 percent a year ago. The figures illustrate strong interest in electric cars in a country ranked among the world's top ten petrol exporters. Norway has encouraged electric car sales with tax incentives, congestion charge exemptions, access to ...
Movie-Theater Owner Tries to Justify $4 Fountain Sodas
Post Date: 2013-10-05 20:57:02 by X-15
12 Comments
It’s been estimated that movie theaters make an 85% profit at the concessions stand on overpriced soda, candy, nachos, hot dogs and, of course, popcorn. Movie-theater popcorn has been called one of America’s biggest rip-offs, with a retail price of nine times what it costs to make. Now, after a Michigan man sued a movie theater for overcharging customers on snacks, one theater owner is speaking up in defense of charging $8 for a Coke and a box of Goobers. Joshua Thompson, who filed a lawsuit against the AMC theater in Livonia, Mich., used to bring his own snacks to the theater. Once he got word that the theater, like so many others, bans outside food and beverages, Thompson went ...
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