|
Latest Articles: Business/Finance
Senators Launch Investigation Into Treasury Secretary Geithner’s Involvement In Libor Manipulation
Post Date: 2012-12-16 17:33:09 by Itistoolate
1 Comments
Senators Launch Investigation Into Treasury Secretary Geithner’s Involvement In Libor Manipulation FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Senator Chuck Grassley (R-IA), along with Senator Mark Kirk (R-IL), are launching an investigation into Treasury Secretary Timothy Geithner’s 'complacency' surrounding the LIBOR scandal. Excerpts and a link to the report are below: On Senators Grassley and Kirk call to create a new American-based interest rate 'Senator Chuck Grassley (R-IA), ranking member of the Senate Judiciary Committee, along with Senator Mark Kirk (R-IL), are turning up the heat on Treasury Secretary Tim Geithner ...
HSBC To Pay $1.9 Billion To Resolve Allegations The Bank Ignored Possible Money Laundering: $60 TRILLION in LIBOR SCANDAL
Post Date: 2012-12-16 08:13:41 by Itistoolate
0 Comments
HSBC To Pay $1.9 Billion To Resolve Allegations The Bank Ignored Possible Money Laundering: Report $60 TRILLION This may be the world's largest wrist slap. British banking giant HSBC, Europe's biggest bank, is set to pay $1.9 billion to settle accusations that it didn't do enough to stop money laundering in its branches, the Wall Street Journal reported on Monday. According to the WSJ, the U.S. government could announce the deal as soon as Tuesday. HSBC's fine would shatter records for criminal and civil penalties paid by a bank, according to the WSJ. But it would not be more than investors had already expected. The bank on November 5 said it was setting aside $1.5 ...
There Go Apple's Margins: iPhone 5 To Sell At Wal-Mart For A Third Off Original Price
Post Date: 2012-12-15 13:14:19 by Horse
4 Comments
Remember when less than brisk sales of the iPhone 5 after it was first unveiled (to the usual fawning media Borg collective ooh-ing and aah-ing) were blamed on "supply issues" even as "reputable" Wall Street analysts conducted channel checks which foretold of epic holiday sales and massive pent up demand. As it turns out the only commodity in short supply was, well, demand, particularly that coming from consumers, very much as we predicted during the last earnings report (which was merely the latest consecutive earnings miss in a row). And, as Reuters reports with its Friday night bombshell report, Apple has finally thrown in the towel on pretending there is a supply ...
Google's tax avoidance is called 'capitalism', says chairman Eric Schmidt
Post Date: 2012-12-13 01:07:46 by James Deffenbach
3 Comments
Google chairman Eric Schmidt has insisted that he is "very proud" of the company's tax structure, and said that measures to lower its payments were just "capitalism". Mr Schmidt's comments risk inflaming the row over the amount of tax multinationals pay, after it emerged that Google funnelled $9.8bn (£6.07bn) of revenues from international subsidiaries into Bermuda last year in order to halve its tax bill. However, Mr Schmidt defended the company's legitimate tax arrangements. “We pay lots of taxes; we pay them in the legally prescribed ways,” he told Bloomberg. “I am very proud of the structure that we set up. We did it based on the ...
Fiat, Chocolate Giveaways in Fight for Holiday Traffic
Post Date: 2012-12-09 17:46:05 by Esso
5 Comments
As the holiday season chugs through its traditionally slower period following the Black Friday rush, retailers are pulling out all the stops — even Fiat giveaways — to drive consumer traffic to brick-and-mortar stores. "We have seen a big focus for retailers doing everything they can to generate more traffic in the stores," said Dana Telsey, the CEO and chief research officer at Telsey Advisory Group. This includes offering services and events that give consumers a reason to step into stores, extending store hours and giving loyalty customers a higher priority than others, Telsey added. Additional traffic not only results in purchases of what customers initially ...
Surprise! Data Reveal: Private Sector Works Harder Than Public Employees
Post Date: 2012-12-05 14:01:56 by farmfriend
9 Comments
Surprise! Data Reveal: Private Sector Works Harder Than Public Employees Posted by Andrea Ryan on Wednesday, December 5, 2012, 11:52 AM What a surprise. Empirical data from researchers at the American Enterprise Institute and The Heritage Foundation reveal that employees in the private sector spend an additional month working each year compared to those in the public sector. The Wall Street Journal reports, With state and local governments struggling to balance budgets in a still sluggish economy, government employment has fallen by 562,000 jobs since September 2008, a decline of 2.6%. In response, the Obama administration has called for more federal aid—on top of the $250 billion ...
Obama and Boehner: Who Blinks First?
Post Date: 2012-12-05 08:42:17 by Ada
8 Comments
The GOP faces a president who plays hardball by Saul Alinsky's rules. Treasury Secretary Tim Geithner’s opening bid to Speaker John Boehner, a demand for $1.6 trillion in new taxes, was not meant as a serious offer. It was an ultimatum couched in an insult. Translation: “We won the election. We have the whip hand. Not only are you going to sign on to higher tax rates and higher tax revenues, we are going to rub your Tea Party noses in your coming capitulation.” That Boehner did not throw the offer back in Geithner’s face and tell him, “Give me a call, Tim, when you’re serious,” suggests that the speaker feels he is holding a losing hand. He wants a ...
Net worth of America households at 43-year low
Post Date: 2012-12-01 19:43:19 by X-15
1 Comments
Yes, but we've got 4 more years to get it right...or something. The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969. According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole. According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. ...
DOJ Mysteriously Quits Monsanto Antitrust Investigation
Post Date: 2012-12-01 15:48:28 by farmfriend
4 Comments
DOJ Mysteriously Quits Monsanto Antitrust Investigation —By Tom Philpott | Sat Dec. 1, 2012 3:03 AM PST There's an age-old tradition in Washington of making unpopular announcements when no one's listening—like, you know, the days leading up to Thanksgiving. That's when the Obama administration sneaked a tasty dish to the genetically modified seed/pesticide industry. This treat involves the unceremonious end of the Department of Justice's antitrust investigation into possible anticompetitive practices in the US seed market, which it had begun in January 2010. It's not hard to see why DOJ would take a look. For the the crops that cover the bulk of US farmland ...
America's Lost Decade In One Simple Chart
Post Date: 2012-11-27 23:49:05 by Esso
2 Comments
Forget the stock market's dismal decade of much-ado-about-nothing and ignore the USD Dollar's declination; when it comes to reflection on what this once great nation has 'created' since 2001, the following chart from Pennsylvania's Department of Public Welfare sums it up better than most.
Rothschild’s, And The Geoengineering Empire
Post Date: 2012-11-24 19:58:55 by farmfriend
4 Comments
Rothschild’s, And The Geoengineering Empire Why would the Rothschild’s be so interested in owning the largest and most recognized weather modeling organization out there? Why would E.L. Rothschild LLC wish to have the controlling interest in the worlds leading provider of interactive weather graphics and data services for television, web, and mobil? Because when you are involved in climate decimating geoengineering programs, you must also control the “forecast” models to cover your tracks. The scope and scale of the global spraying of our skies can hardly be comprehended. SAG (stratospheric aerosol geoengineering) and SRM (solar radiation management). The massive web ...
EPA Says Its Ethanol Rules Aren't Driving Up Food Prices
Post Date: 2012-11-24 01:09:29 by farmfriend
0 Comments
EPA Says Its Ethanol Rules Aren't Driving Up Food Prices by Dan Charles The ethanol industry is happy with the Environmental Protection Agency today. If you're worried about the price of meat, though, you may not be so pleased. Even though corn is in short supply, because of this summer's historic drought, the EPA just announced that it will keep in place a federal rule that requires more than a third of the nation's corn to be converted into ethanol and blended into gasoline. Meat producers and anti-hunger advocates were outraged. Because the law protects the flow of corn into fuel, they say, it drives corn prices higher for everyone else. Kristin Sundell, from ...
The International Banking Cartel
Post Date: 2012-11-23 23:55:17 by Southern Style
1 Comments
A look at the International Banking Cartel led by the Bank for International Settlement (in Basel, Switzerland) known as the bank of central banks (58 central banks) and The US Federal reserve System. Also a look at banking tycoons: from the Rothschild family in Europe to JP Morgan and others in the US. How banks not only control governments but also appoint politicians through huge campaign donations. Governments at the service of the major banks, the best example: the Obama administration and the history’s biggest bail out of the same institutions that caused the Great Recession.
Krugman: Prosperity without coddling the rich
Post Date: 2012-11-20 14:17:45 by christine
17 Comments
The Twinkie, it turns out, was introduced way back in 1930. In our memories, however, the iconic snack will forever be identified with the 1950s, when Hostess popularized the brand by sponsoring "The Howdy Doody Show." And the demise of Hostess has unleashed a wave of baby boomer nostalgia for a seemingly more innocent time. Needless to say, it wasn’t really innocent. But the ‘50s — the Twinkie Era — do offer lessons that remain relevant in the 21st century. Above all, the success of the postwar American economy demonstrates that, contrary to today’s conservative orthodoxy, you can have prosperity without demeaning workers and coddling the rich. Consider ...
Here Are The 16 Banks Under Investigation Over The Libor Scandal
Post Date: 2012-11-20 08:34:15 by Itistoolate
0 Comments
July 11 (Reuters) - More than a dozen banks are under investigation by authorities in Europe, Japan and the United States over the suspected rigging of the London interbank offered rate, a key interest rate used in contracts worth trillions of dollars globally. Some 16 banks contributed to the setting of dollar Libor rates in 2008, the period at the centre of investigations. So far, British lender Barclays has been the only bank to admit wrongdoing. Following is what is known about the involvement of the 16 banks. Poster Comment:SLIDESHOW at source Remember when all the Bankers were 'bailing out' a couple of years ago?
Judge orders Hostess to mediate with union
Post Date: 2012-11-20 00:11:19 by farmfriend
8 Comments
hJudge orders Hostess to mediate with union By Candice Choi, Associated Press Posted: 11/19/2012 12:37:43 PM PST Updated: 11/19/2012 04:12:55 PM PST WHITE PLAINS, N.Y. -- Twinkies won't die that easily after all. Hostess Brands Inc. and its second-largest union will go into mediation to try to resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court, citing a crippling strike last week. The bankruptcy judge hearing the case said Monday that the parties haven't gone through the critical step of mediation and asked the lawyer for the Bakery, ...
Gun Store Owner to Obama Voters: 'Your Business Is Not Welcome'
Post Date: 2012-11-18 00:20:46 by James Deffenbach
40 Comments
Cope Reynolds, owner of the Southwest Shooting Authority in Pinetop, Arizona posted his new store policy in his local newspaper as an advertisement. He also posted a sign on his front door. What is the new policy of SSA? According to the sign, “if you voted for Barack Obama your business is not welcome at Southwest Shooting Authority. You have proven you are not responsible enough to own a firearm.” The Southwest Shooting Authority is a family-owned, family-run business. The store was opened in 2004. “I’m a small business owner,” he said. “If you are dumb enough to vote for Obama again – after four years of this — I don’t think you are ...
Boise’s Proposed Thoughtcrime Ordinance
Post Date: 2012-11-17 07:45:52 by Ada
4 Comments
"Law is concerned with external behavior and not the inner life of man." ~ Justice Felix Frankfurter, West Virginia Board of Education v. Barnette (dissent) Ordinance O-36-12, a proposed municipal "anti-discrimination" measure being considered by the Boise City Council, would do nothing to protect people from acts of criminal violence. Instead, it would mandate the use of state-sanctioned aggression against business owners who refuse the commercial patronage of gay, lesbian, and bisexual people. If government has no authority to criminalize private behavior between consenting adults, by what supposed authority can it punish people who withhold their consent from a ...
Union Scum Cut Their Own Throats and Find Themselves Unemployed and Take Decent Employees down the Tube with Them [Full Thread]
Post Date: 2012-11-16 16:37:38 by F.A. Hayek Fan
78 Comments
Hostess Brands on Friday received a court order for an expedited hearing on its request to liquidate. The hearing on liquidation request is scheduled for 2 p.m. Eastern time Nov. 19, in bankruptcy court in White Plains, N.Y. The bankrupt maker of Twinkies and Wonder Bread, said it had sought court permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers. Hostess, which has about $2.5 billion in sales from a long list of iconic consumer brands of snack cakes and breads said it had suspended operations at all of its 33 plants around the United States as it moves to start liquidating assets. "We'll be selling the ...
Diamonds: Not A Girl's Best Friend
Post Date: 2012-11-14 15:43:19 by Esso
11 Comments
On the day when the 76.02-carat 'Archduke Joseph Diamond' sells for a record $21.5 million, we thought it intriguing how even these incredible high-end status symbols are seeing prices collapsing at the low-end...of the high-end. It seems the 'wealthy' just can't afford 1-carat diamonds anymore as the price has plunged by over 25% in the last 15 months. Perhaps it is only the 1% of the 1% that can now afford their baubles as like everywhere, there is a growing divide between the 'haves' and the 'have-mores' (in this case). Coincidentally, heading into the stock market slide of 2008, we saw Diamond prices plunge and Gold prices rise - but we are sure ...
How to Invest in Legalized Marijuana
Post Date: 2012-11-13 17:29:51 by F.A. Hayek Fan
16 Comments
Mark Twain is said to have remarked that a gold rush is a good time to be in the pick and shovel business. Investors may be able to apply that same bit of wisdom to the growing number of U.S. states that have legalized pot. Although federal law prohibits the sale or possession of marijuana, Massachusetts last week joined the ranks of states -- 18 plus Washington, D.C. -- that allow its use for people suffering from chronic illnesses like cancer, HIV/AIDS, multiple sclerosis and epilepsy. In Washington and Colorado, meanwhile, voters passed an initiative to allow pot for recreational use. Those changes have kickstarted a small but fast-growing medical-marijuana industry, estimated to be ...
THE LIST HAS GROWN: SWITZERLAND, THE NETHERLANDS, AND ECUADOR JOIN GERMANY IN CALLS FOR AUDITS OF THEIR GOLD
Post Date: 2012-11-12 01:26:16 by farmfriend
24 Comments
THE LIST HAS GROWN: SWITZERLAND, THE NETHERLANDS, AND ECUADOR JOIN GERMANY IN CALLS FOR AUDITS OF THEIR GOLD November 10, 2012 By Joseph P. Farrell The calls for full audits, and in some cases, repatriation, of foreign gold reserves being held by the New York Federal Reserve are growing, as now Switzerland, the Netherlands, and Ecuador have joined Germany in those calls and in Ecuador’s case, repatriation, of its gold: German Calls for Gold Repatriation Intensify As Fed Refuses to Allow Inspection Obviously, the Fed’s refusal to comply “in the interest of security” is a complete fabrication and obfuscation, what what is Germany going to do? Rush out and tell the ...
Iraq official: Exxon Mobil wants out of big field
Post Date: 2012-11-08 06:55:02 by Tatarewicz
0 Comments
BAGHDAD (AP) — U.S. oil giant Exxon Mobil Corp. has expressed an interest in pulling out of a major oil field development project in the country's south, a senior Iraqi oil ministry official said Wednesday. The comments by the ministry's licensing and contracts chief, Abdul-Mahdi al-Ameedi, were the first official acknowledgement of reports that Exxon wants to exit the 8.6 billion barrel West Qurna Phase 1 project. "There is talk about this issue. In fact, Exxon Mobil is interested in selling its whole share or part of it to other companies and leave West Qurna," al-Ameedi told reporters at an event in the Iraqi capital. Irving, Texas-based Exxon Mobil is the main ...
Large uranium mine found in north China
Post Date: 2012-11-07 04:20:04 by Tatarewicz
0 Comments
BEIJING - China has discovered a large leaching sandstone-type uranium deposit in the country's northern region, the Ministry of Land and Resources said Sunday. The mine, the country's largest leaching sandstone-type uranium deposit so far, was found in Daying areas in central Inner Mongolia autonomous region, the ministry said. The discovery, which makes the site one of the world's top uranium mines, has great significance for boosting domestic uranium supplies and ensuring energy resources for developing nuclear power, the ministry said.
Dollar Falls Broadly After Obama Heads for Re-Election
Post Date: 2012-11-07 01:11:41 by Prefrontal Vortex
0 Comments
Dollar Falls Broadly After Obama Heads for Re-Election Published: Wednesday, 7 Nov 2012 | 12:27 AM ET The dollar fell broadly in Asia on Wednesday as media projected U.S. President Barack Obama won a closely-fought election, ensuring that the Federal Reserve's quantitative easing will be in place. The Democrats look set to retain a majority in the Senate while the Republicans also appear to be solidifying their control of the House of Representatives, keeping intact the risk of policy paralysis over the looming "fiscal cliff" — a sharp fiscal tightening due to start next year. "The Fed's quantitative easing is essentially a policy to cheapen the dollar. ...
Latest [Newer] 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 [Older]
|