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Latest Articles: Business/Finance
Iran to take Chinese subway cars for oil
Post Date: 2013-07-30 03:11:54 by Tatarewicz
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TEHRAN, Iran (AP) — A senior Iranian official says the country has ordered 315 subway cars from China in place of payment for oil that can't be transferred due to sanctions. Amir Jafarpour, who is deputy head of the Transportation and Fuel Management Committee, says officials were forced to order the coaches because billions of dollars of payments from crude oil exports to China have not been transferred to Iran because of sanctions. Jafarpour is quoted by the conservative news website tasnimnews.com on Monday. The U.S. and its allies have imposed oil and banking sanctions against Iran over its disputed nuclear program. Iran has frequently turned to barter arrangements because ...
Obama says he has narrowed choice for next Fed chairman
Post Date: 2013-07-28 20:05:09 by Tatarewicz
8 Comments
WASHINGTON, July 28 (Xinhua) -- U.S. President Barack Obama said he has narrowed down his choice for the next Federal Reserve chairman "to some extraordinarily qualified candidates" and an announcement can be expected in the next several months. "What I'm looking for is somebody who understands the Fed has a dual mandate...that it is very important to keep inflation in check, to keep our dollar sound, and to ensure stability in the markets," Obama said in an interview with the New York Times on July 24, according to a transcript published Sunday on the newspaper's Website. Declining to tell the names on the short list, Obama said an announcement will be made ...
China, EU reach deal on solar panel dispute
Post Date: 2013-07-27 20:28:02 by Tatarewicz
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BRUSSELS, July 27 (Xinhua) -- The China Chamber of Commerce for Import and Export of Machinery and Electronic Products and the European Commission have reached a deal to resolve a dispute involving solar panels. "After weeks of intensive talks, I can announce today that I am satisfied with the offer of a price undertaking submitted by China's solar panel exporters," EU Trade Commissioner Karel De Gucht said in a statement, referring to an agreement for a minimum price for China's imports. "We found an amicable solution ... that will lead to a new market equilibrium at sustainable prices," De Gucht said. The Commissioner said the next step for him is to table ...
Under pressure to divest, financiers dump $150 million in gun stocks
Post Date: 2013-07-26 00:35:40 by X-15
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Six months after launching a national divestment campaign against manufacturers of so-called assault weapons and “high-capacity” ammunition magazines, New York City Public Advocate Bill de Blasio announced on July 22 that eight hedge funds and money managers have completely divested their holdings in publicly traded gun and ammunition companies, to the tune of $150 million. In addition, his website (advocate.nyc.gov) claimed that 14 more firms have scaled back their gun investments by 7.4 million shares, or 27% of their holdings. In the aftermath of the December 2012 Newtown, CT, school shootings, many of these hedge funds and money managers initially expanded their gun ...
China to suspend VAT for small businesses
Post Date: 2013-07-24 23:59:44 by Tatarewicz
2 Comments
BEIJING, July 24 (Xinhua) -- China will suspend the value-added tax (VAT) and turnover tax for small businesses with monthly sales of less than 20,000 yuan (3,226 U.S. dollars) starting from Aug. 1. The announcement was made in a statement released Wednesday after an executive meeting of the State Council presided over by Premier Li Keqiang. The move will benefit more than six million small companies and boost the employment and income for tens of millions of people, the statement said. VAT refers to a tax levied on the difference between a commodity's price before taxes and its cost of production. Turnover tax refers to a levy on a business's gross revenues. The State ...
Progressivism (Detroit) Declares Bankruptcy. Hallelujah!
Post Date: 2013-07-24 06:57:23 by Ada
17 Comments
The bankruptcy of Detroit is a great victory for the Liberty Movement. This is in spite of the fact that the Liberty Movement did nothing to achieve this glorious event. It doesn’t matter. Sometimes the enemy shoots himself in the foot. Sometimes a football team fumbles the ball directly into your hands. Look what I found! With conservatism a muddled, spent and failed movement, only libertarianism remains a viable obstacle to progressivism, the nation’s ruling ideology for decades which is stronger than ever. Progressives have run Detroit for many decades. Progressives, with considerable assistance from conservative Republicans on the state and national levels, are responsible ...
TRYING TO STAY SANE IN AN INSANE WORLD – PART 1
Post Date: 2013-07-24 00:05:21 by Hmmmmm
4 Comments
TRYING TO STAY SANE IN AN INSANE WORLD – PART 1 “I mean—hell, I been surprised how sane you guys all are. As near as I can tell you’re not any crazier than the average asshole on the street.” – R.P. McMurphy – One Flew Over the Cuckoo’s Nest “Years ago, it meant something to be crazy. Now everyone’s crazy.” – Charles Manson “In America, the criminally insane rule and the rest of us, or the vast majority of the rest of us, either do not care, do not know, or are distracted and properly brainwashed into acquiescence.” – Kurt Nimmo I have to admit to being baffled by the aptitude of the Wall Street and K Street ...
Judge Orders $1 Million Returned to Exotic Dancer
Post Date: 2013-07-23 19:03:07 by Buzzard
29 Comments
A federal judge has ruled that Nebraska cops must return over $1 million confiscated at a traffic stop from a woman who saved the money $1 at a time during her 15 year career as an exotic dancer. The money belongs to Tara Mishra, 33, of Rancho Cucamonga, Calif., who began putting aside her earnings when she started dancing at age 18, according to an opinion U.S. District Judge Joseph Bataillon wrote last week. The money was meant to start her business and get out of the stripping business, the judge wrote. State troopers confiscated the money in March 2012 when they pulled over Rajesh and Marina Dheri, of Montville, N.J., for speeding in Nebraska, according to court documents. The Dheris ...
Jethro's Bottom
Post Date: 2013-07-22 12:52:25 by Esso
34 Comments
No, not that bottom, you pervs. I'm talking about his call in the bottom of gold & silver prices at $1,200 and $20, respectively. On 06/28/13 gold hit $1,179.40 and is now trading at $1332.10 today. On 06/28/13 silver hit $18.17 and is now trading at $20.52 today. Close enough for government work. Coulda done pretty good if'n you'd have followed his advice.
Massive Fire Reported In The Basement At The JP Morgan Gold Warehouse On Wall Street
Post Date: 2013-07-21 12:15:08 by Buzzard
7 Comments
20 Firetrucks, 4+ ambulance and police showed up There is zero media coverage about this beside Stopmotions stream of the event and a few locals tweeting about it This is supposedly where JP Morgan keeps their gold. The very same gold that has been dwindling down at astonishing rates lately. JP Morgan warehouse 100 feet below CMP 1 on Wall Street. *UPDATE: FDNY tweet confirms fire is in a commercial vault! A journalist on scene on Wall Street this evening has just sent us footage of a massive fleet of Firetrucks and ambulances in front of JP Morgan’s headquarters at 1 Chase Manhattan Plaza, with fire-fighters stating they are responding to a COMMERCIAL VAULT FIRE IN THE BASEMENT! ...
Microsoft down 10% today
Post Date: 2013-07-19 11:26:48 by PSUSA2
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Click for Full Text!Poster Comment:Tragic. Woe is me.
World Trade Center owners’ bid to sue airlines for 9/11 attacks blocked
Post Date: 2013-07-18 21:30:18 by SilverStorm
4 Comments
A Manhattan federal judge barred a multibillion-dollar lawsuit, citing state laws prohibiting ‘double recovery on the same loss.’ By Larry Mcshane / NEW YORK DAILY NEWS Thursday, July 18, 2013, 5:55 PM Developer Larry Silverstein and World Trade Center Properties, which alleges the airlines were negligent for allowing the terrorists to board the planes, have already collected nearly $5 billion toward reconstruction. The owners of the World Trade Center were blocked Thursday from filing a multibillion-dollar lawsuit against the two airlines whose hijacked planes brought down the twin towers. The ruling from Manhattan Federal Judge Alvin Hellerstein came after a four-day ...
Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy?
Post Date: 2013-07-18 17:16:23 by Itistoolate
1 Comments
The big banks are breathlessly proclaiming that now is the time to sell your gold. They are warning that we have now entered a "bear market" for gold and that the price of gold will continue to decline for the rest of the year. So should we believe them? Well, their warnings might be more credible if the central banks of the world were not hoarding gold like crazy. During 2012, central bank gold buying was at the highest level that we have seen in almost 50 years. Meanwhile, insider buying of gold stocks has now reached multi-year highs and the U.S. Mint cannot even keep up with the insatiable demand for silver eagle coins. So what in the world ...
Moving Ever Closer To Systemic Failure And Financial Collapse
Post Date: 2013-07-18 12:44:52 by christine
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Jim Rogers: Why Gold Broke Its Bull Run
Post Date: 2013-07-17 08:11:52 by Ada
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The legendary commodity trader explains why a popular emerging market broke gold's continued upside push. After 12 long years of being the darling commodity, gold is finally showing signs of mortality, as the precious metal has lost more than 20% in 2013. Though many felt the bull run, which included a dozen consecutive winning years, would continue with the Fed’s easing policy, the metal has finally succumb to the pressures around it. While many continue to try and pinpoint the reason behind gold’s steep drop, commodity legend Jim Rogers points the blame to a popular emerging market. India and the Gold Effect As Rogers notes, India is the largest buyer of gold in the ...
Roger Mason's July Economic Rant
Post Date: 2013-07-15 12:59:58 by christine
1 Comments
Folks, for those of you who read too fast, the above is a joke, yet a true joke. You don't find brain tumors when doing a colonoscopy unless, like Hillary, you have your head up your rectum. She is dying of cancer, and we told you this years ago. No one else did. She retired from politics because she is dying. She is getting secret cancer treatments, and will be dead before 2016. More and more you will see her disappear from the media spotlight. All this stupid talk about Hillary for president in 2016 will soon end, too. The total GNP of America is only 12 trillion. The outstanding interest rate derivatives alone are over $440 trillion. This is far, far more than the entire GNP of the ...
India to settle oil trade dues with Iran in rupees
Post Date: 2013-07-14 22:40:06 by Tatarewicz
1 Comments
Indian Ambassador to Iran D. P. Srivastava said on Wednesday that New Delhi is determined to continue cooperation with Tehran despite the illegal US-engineered sanctions against the Islamic Republic." India will settle all oil trade including USD 1.53 billion in dues with Iran entirely in rupees after the US-engineered illegal sanctions against Tehran blocked all other payment routes, Press TV reports. India was paying for 45 percent of its purchases of Iranian crude in euros until February with the money going through Ankara-based Turkish Halkbank. Since then Indian crude oil importers have held on to their payments. “As far as … Iran’s hydrocarbon supplies are ...
Poll: How do you feel about usury??
Post Date: 2013-07-14 13:39:35 by X-15
2 Comments
1. I believe usury is healthy 2. I'm against usury but it should be available to others 3. Usury should be illegal in extreme cases 4. All usurers should be stoned to death Poster Comment:What is your opinion on standard high interest loans, like your common housing mortgages?
Insight: Apple controversy lays bare complex Irish tax
Post Date: 2013-07-14 00:09:17 by Tatarewicz
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DUBLIN (Reuters) - Occupying a single floor of a three-storey building in a suburban Dublin office park, Western Union's offices are notably modest for the international headquarters of the world's largest money transfer firm. The set-up is typical of swathes of U.S. companies using Ireland to cut their tax bill. A Reuters analysis of Irish and U.S. filings shows that more than 40 percent of the S&P 500 have registered subsidiaries in the country. That nexus, which has created over 100,000 jobs for Ireland, was laid bare when the U.S. Senate revealed that technology giant Apple had paid little or no tax on tens of billions of dollars in profits channeled through the country. ...
Investors urged not to miss out on Iran oil-gas development
Post Date: 2013-07-12 19:34:46 by Tatarewicz
1 Comments
Iranian Oil Minister Rostam Qasemi has urged foreign oil traders and investors not to lose the opportunity of making investment in Iran’s lucrative oil and gas industry. In a meeting with Iranian and German oil managers and economic activists in Frankfurt, Germany, on Thursday, Qasemi outlined the Islamic Republic’s potentialities in oil, gas and energy sectors despite the illegal US-engineered sanctions. Although sanctions have created some problems for Iran, they have failed to stop the development of the nation’s oil industry, he said. “Despite the West’s unjust sanctions, Iran’s oil industry has followed its development trend well, and we are going to ...
The Family Barbeque Massacre
Post Date: 2013-07-12 08:06:59 by Ada
2 Comments
I was cowering in the Secret Mogambo Backyard Bunker (SMBB), shuddering and seething, just having returned from a Fourth of July “family barbeque.” I knew I had to do something. Anything. I just didn’t know what. My problem was that my Fabulous Mogambo Plan (FMP) to be rich, very rich, filthy rich, obscenely rich by merely buying gold, silver and oil to prosper during the economic calamity caused by the evil Federal Reserve creating so catastrophically much excess currency and credit was not, alas, going as planned. And although nobody at the cookout said anything, I could tell what they were all thinking. “Look at him eat like a pig!” they smugly thought to ...
Who's a good computer game programmer in the freedom community?
Post Date: 2013-07-11 15:40:41 by RidleyReport
4 Comments
Seeking recommendations. Who's a good computer game programmer in the freedom community? Preferably NH-based. Why do you recommend them? Cavaet: The MineThings.com guy is unavailable. This is what I'm initially looking to build with expansion later: nhunderground.com/forum/i...24297.msg344291#msg344291
9 Plagues That Are Collasing Capitalism
Post Date: 2013-07-10 06:23:58 by Ada
1 Comments
Let me be blunt: Our capitalist system is approaching failure. Or, perhaps better said: Our marginally capitalist, partly-free market systems are approaching a massive collapse. Not because of what capitalism is, mind you, but because the powers that be have bastardized it. Capitalism can bear many distortions and abuses, but it is not indestructible. And, make no mistake, the ‘capitalist’ system we have today has been massively corrupted, so much so that it’s sagging under the load… and will continue to do so until the proverbial straw breaks its back. The 9 Plagues Click for Full Text!
Today’s Job Report
Post Date: 2013-07-06 18:16:17 by Ada
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No Hope On The Jobs Front Do you remember the promise of the New Economy that was going to replace the lost “dirty fingernail” manufacturing jobs with innovative highly paid New Economy jobs? Well, the promise was just another deception from the elites who have stolen Americans’ future. For the umpteenth consecutive month and year, the June BLS payroll jobs report (released on July 5) shows that the US economy has created no such jobs. The same old tired categories account for the same old lowly paid new domestic service jobs. Of the 195,000 new private sector jobs alleged to have been created, 75,000 or 38% are accounted for by the category “leisure and ...
The future of copper production
Post Date: 2013-07-06 02:14:42 by Tatarewicz
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New research shows that existing copper resources can sustain increasing world-wide demand for at least a century, meaning social and environmental concerns could be the most important restrictions on future copper production. Researchers from Monash University have conducted the most systematic and robust compilation and analysis of worldwide copper resources to date. Contrary to predictions estimating that supplies of this important metal would run out in around 30 years, the research has found there are plenty of resources within the reach of current technologies. The database, published in two peer-reviewed papers, was compiled by Dr Gavin Mudd and Zhehan Weng from Environmental ...
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