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Latest Articles: Business/Finance
Winn-Dixie and Tops Owners Are Said to Prepare for Bankruptcy
Post Date: 2018-02-17 08:43:22 by BTP Holdings
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Winn-Dixie and Tops Owners Are Said to Prepare for Bankruptcy Bloomberg Lauren Coleman-Lochner and Eliza Ronalds-Hannon 7 hrs ago Bi-Lo LLC, the company behind the Winn-Dixie chain, is preparing for a filing as soon as March, according to the people, who asked not to be identified because the process isn’t public. The owner of Tops Friendly Markets, meanwhile, could potentially seek court protection from creditors as soon as this month, people familiar with that situation said. With low margins and ample competition, the grocery business has always been challenging. But now the industry is contending with a more aggressive push by big-box retailers and Amazon.com Inc., which ...
How Pence's Dudely Dinners Hurt Women
Post Date: 2018-02-14 10:23:05 by ghostdogtxn
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Do Financial Markets Still Exist?
Post Date: 2018-02-14 09:36:55 by Ada
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For many decades the Federal Reserve has rigged the bond market by its purchases. And for about a century, central banks have set interest rates (mainly to stabilize their currency’s exchange rate) with collateral effects on securities prices. It appears that in May 2010, August 2015, January/February 2016, and currently in February 2018 the Fed is rigging the stock market by purchasing S&P equity index futures in order to arrest stock market declines driven by fundamentals, and to push prices back up in keeping with a decade of money creation. No one should find this a surprising suggestion. The Bank of Japan has a long tradition of propping up the Japanese equity market with ...
Bitcoin belongs more to the realm of fraud than finance or economics – analyst
Post Date: 2018-02-11 07:04:54 by Tatarewicz
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RT... Cryptocurrencies have no intrinsic value behind them, which is why they can be compared to Monopoly money, according to Alessandro Bruno, senior political and financial writer at Lombardi Letter. “It’s not about innovation, it’s not about progress, it’s not about automation. Bitcoin – and other cryptocurrencies (except for the gold backed or oil backed ones, has become another financial ‘expression’ or ‘product,’ which belongs more to the realm of fraud than finance or economics,” Bruno wrote to RT. Read more © eyedias / Getty Images Bitcoin 'nuts' will hold cryptocurrency until price plummets to zero - ‘Dr ...
Shale 'Miracle' Is a Retirement Party For the Oil Industry
Post Date: 2018-02-09 11:12:53 by Ada
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"But it (shale) was something to do, at least, if you were an oil company — an alternative to 1) doing no business at all, or 2) getting into some other line-of-work, like making yoga pants or gluten-free cupcakes." The author is a prominent American social critic, blogger, and podcaster, and we carry his articles regularly on RI. His writing on Russia-gate has been highly entertaining. He is one of the better-known thinkers The New Yorker has dubbed 'The Dystopians' in an excellent 2009 profile, along with the brilliant Dmitry Orlov, another regular contributor to RI (archive). These theorists believe that modern society is headed for a jarring and painful ...
What would a true meritocracy look like?
Post Date: 2018-02-09 04:53:55 by Tatarewicz
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Letters to the Editor Aloha Benjamin, I have been a subscriber for several years, and one who deeply appreciates the work you have and continue to do on our behalf. Frankly, I am humbled by your willingness to put yourself at risk as you have, for the sake of the rest of us. I have come to believe that money is a key tool in perpetuating humanity’s enslavement, and that it is made even more effective by our culture of deception and disinformation. And while I’m looking forward to a jubilee, debt forgiveness, and a currency reset, I just can’t seem to get past the fact that money is a creation and only as real as we make it. It is NOT an actual living force like human ...
[US Illegally Blocks Russian Bank Transfer For Fuel
Post Date: 2018-02-08 23:52:36 by Tatarewicz
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PMF... The US has illegally blocked a money transfer of the Russian Defense Ministry, which was intended to pay for fuel of Russian aircraft fighting against terrorists in Syria. This sum is for more than five million dollars, said the official representative of the Russian Foreign Ministry Maria Zakharova. She explained that this is an international transfer, which the Russian Defense Ministry carried out in 2017. Zakharova stressed that the US side has frozen the money. "It's more than five million US dollars. So far, these funds, have not been returned," Zakharova said at a briefing. In her weekly briefing to the media, Zakharova also recalled the US blocking of the 20 ...
Two Elephants In The Room That The GOP Has Completely Forgotten
Post Date: 2018-02-08 09:35:59 by Ada
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The US economy is threatened by two giant problems which cause all others to pale into insignificance. We are referring to a rogue central bank that has become an absolute enemy of capitalist prosperity and a fiscal doomsday machine that is hostage to the ceaseless budgetary demands of the Warfare State, the Welfare State and the Baby Boom’s demographic imperatives. Needless to say, both ends of the Acela Corridor are completely oblivious to these twin menaces. Indeed, they are the proverbial elephants in the room, thereby giving rise to a considerable irony: To wit, the GOP party of the elephant, which is supposed to be the palladium of financial rectitude in American politics, has ...
Just a matter of time’ before cyber 9/11 – cybersecurity expert
Post Date: 2018-02-07 06:45:30 by Tatarewicz
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RT... Modern network-connected infrastructure is very vulnerable to cyberattacks, according to digital strategy consultant and cyberterrorism expert Lars Hilse, who talked to Sputnik about the risks of online terrorism and crime. Read more © Dado Ruvic South Korean cryptocurrency exchange goes bust after hack attack Hilse, who warned in 2014 that the next 9/11 would be a cyber-version of the September 11 attacks, said his prediction came true to a small degree in the 2015 attacks on the television network TV5Monde in France. “In March 2015, we had a physical attack by the cyber caliphate that took down 11 satellite TV stations. With the ever-increasing complexity of our ...
Sigh of Relief? Crypto Reacts to US Senate Hearing Remarks
Post Date: 2018-02-07 02:00:04 by Pinguinite
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"Bullish." "A sigh of relief." These were just some of the comments that came from industry observers in the wake of a hearing held Tuesday by the U.S. Senate Committee on Banking, Housing and Urban Affairs, one that addressed the question of how lawmakers should consider cryptocurrency regulation. Widely anticipated due to its positioning amidst what has been one of the biggest industry bubbles, the event saw the heads of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) testify on a range of topics including market oversight, price volatility and the regulatory concerns around initial coin offerings (ICOs). However, it ...
The size of your tax refund depends on where you live
Post Date: 2018-02-05 06:56:49 by BTP Holdings
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The size of your tax refund depends on where you live Business Insider Matthew Michaels 3 days ago What to do if the new tax law changes your paycheck These Are the Penalties for Filing Taxes Late Slide 1 of 52: The average tax refund in America is $2,895, but the figure varies by state.In Texas, Oklahoma, and Louisiana the average tax refund tops $3,000.Eight of the 10 states with the lowest average tax refund border Canada. You can now submit your tax return and wait for your refund. Last year, $324 billion was sent back to taxpayers from the IRS. Nearly eight out of 10 taxpayers received a tax refund worth an average of $2,895.SmartAsset analyzed 2016 data from the IRS to find ...
Trump’s pick for US Federal Reserve enters economic equations
Post Date: 2018-02-04 00:38:44 by Tatarewicz
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PressTV... As Janet Yellen’s tenure as the Chair of the Federal Reserve ends, US President Donald Trump’s pick prepares to take the helm at the central banking system of the United States. The New York billionaire who had no rosy relationship with Yellen since the days of the 2016 campaign, had opted not to re-nominate her, which made her announce in advance that she would leave at the end of her term. After her term in the Fed, Yellen will join the Brookings Institution think tank as a Distinguished Fellow in Residence. Therefore, Jerome Hayden Powell, Trump’s pick who has been confirmed by the GOP-controlled Senate, is starting his job as the new “Fed Chair” ...
It’s Not the Dow, Stupid! Underpaid Workforce Imperils US and Global Economies
Post Date: 2018-02-03 08:34:26 by Ada
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Over a period of 40 years, capitalists like Rockefeller, Walmart, the Koch Brothers, and Amazon founder Jeff Bezos have completely rearranged the financial universe — all but eradicating inflation, and radically devaluing work relative to capital. NEW YORK — “It’s Not a Roar,” read the first-edition headline for the New York Times business article published January 27, “but the Global Economy is Finally Making Noise.” A death rattle, perhaps? Try as they may, the mainstream media simply cannot prepare for public viewing the gaping wound to the head that murdered the U.S. economy. Never mind the Dow, the Fed Funds rate, or Apple’s latest earnings ...
Cryptocurrencies crash after India vows to eliminate their use
Post Date: 2018-02-02 05:20:24 by Tatarewicz
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RT... Bitcoin and other major cryptocurrencies are falling substantially on Thursday after India announced a crackdown on their trading and circulation. The largest cryptocurrency, bitcoin, dropped over 12 percent below $9,000, the lowest level seen since November. Read more © Thomas White India cracking down on ‘illegal’ cryptocurrencies The Indian Finance Ministry on Thursday made bitcoin illegal and announced an upcoming ban. “The government does not consider cryptocurrencies as legal tender or coin and (will) take all measures to eliminate the use of crypto assets,” Finance Minister Arun Jaitley said. India is one of the largest bitcoin markets, with a 10 ...
US and Switzerland among most corrupt nations, statistics show
Post Date: 2018-02-01 17:47:19 by Ada
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The Tax Justice Network produces a Financial Secrecy Index, ranking countries for the assistance their legal systems provide, to money-launderers, and to all people who seek to protect corruptly-obtained wealth. The higher the score, the more corrupt the government is. The last time this Index was published, in 2015, Switzerland was rated the world’s most-corrupt country, and Hong Kong was then #2. But now, in its newly released global rankings, “Financial Secrecy Index — 2018 Results”, though Switzerland still holds its #1 (most-corrupt) spot, the U.S. has become #2, and Hong Kong has now fallen to #4, which is immediately below Cayman Islands (which is #3, and ...
Apple buying Tesla doesn't sound like a crazy idea anymore — here's why
Post Date: 2018-01-31 04:35:28 by Tatarewicz
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BusinessInsider... The idea that Apple should buy Tesla has been floated many times. Apple now has more than enough cash coming back to the US to do the deal. Tesla needs to be saved from its delusional idea about the company's future growth — and Apple needs to be saved from the disaster of its car project. Last November, Rolling Stone published a profile of Tesla CEO Elon Musk, written by Neil Strauss, a neo-gonzo journalist who made his name with a book about pickup culture. And in that interview Musk made a confession. "I wish we could be private with Tesla," Musk told Strauss. "It actually makes us less efficient to be a public company." Tesla has been ...
Why Washington is waging a global war on cash
Post Date: 2018-01-30 07:30:35 by Tatarewicz
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Sypers A Well-Kept Open Secret: Washington Is Behind India’s Brutal Demonetization Project The business interests of the US-companies that dominate the gobal IT business and payment systems are an important reason for the zeal of the US-government in its push to reduce cash use worldwide, but it is not the only one and might not be the most important one. Another motive is surveillance power that goes with increased use of digital payment. US-intelligence organizations and IT-companies together can survey all international payments done through banks and can monitor most of the general stream of digital data. Financial data tends to be the most important and valuable. Even more ...
Can Saudi Arabia survive US shale oil boom?
Post Date: 2018-01-30 00:33:25 by Tatarewicz
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PressTV... The United States is on course to take over Saudi Arabia and even rival Russia as the world’s leading energy producer this year following a months-long price rally that has fueled a resurgence of the shale oil industry. The explosive growth flies in the face of efforts by Saudi Arabia and its oil allies to squeeze the US shale drillers by keeping prices low. As part of that drive, Saudi Arabia has been flowing the market with oil since 2014 in an attempt to push higher-cost producers, particularly US shale, out of the market. Consequently, oil prices dropped to $40 a barrel in December of that year, down from more than $100 a barrel just four months previous. Many US ...
Official: Russia's Tatneft Ready to Help Iran Develop Oilfields
Post Date: 2018-01-29 06:45:00 by Tatarewicz
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TEHRAN (FNA)- The Russian oil and gas company Tatneft declared its readiness to cooperate with Iran in developing the country's oilfields, specially in Shadegan project. "We are ready to cooperate with other Russian oil company, Zarubezhneft, over the Shadegan oilfield project in Southern Iran," General Director of Tatneft Company Nail Maganov said. "Our Company is always ready to cooperate with Iran if the situation allows," he added. Maganov said that the Tatneft Company is interested in participating in the project of exploitation of two Iranian oilfields Shadegan and Dehloran and is ready to negotiate with other companies including the Iranian ones ...
Orthodox Leader Says Russians Should Stop 'Losing their Minds' Over Bitcoins Patriarch Kirill
Post Date: 2018-01-29 01:05:23 by Tatarewicz
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MoscowTimes... The leader of Russia’s Orthodox Church has spoken out against the latest craze over cryptocurrencies, calling for cooler heads and government protection against "outright deception. "The bitcoin cryptocurrency is currently trading at around $10,000 after a head-spinning 2017 that saw it peaking at $20,000 in mid-December. Cryptocurrencies have been a big hit in Russia, despite fears over their volatility. Read More Read more: Russia Is Becoming a Cryptocurrency Haven “People are selling all of their property to get a chance at quick enrichment by buying cryptocurrencies,” Patriarch Kirill said in an address to Russian senators on Thursday. He said ...
China unveils huge plans for the Arctic, with ‘Polar Silk Road’ on the way
Post Date: 2018-01-27 01:04:20 by Tatarewicz
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RT... Beijing has announced plans to extend the ambitious Belt and Road Initiative to the Arctic by developing shipping routes. In a white paper released on Friday, the country said it expects to have a “major role in expanding the network of shipping routes” and noted that “as a result of global warming, the Arctic shipping routes are likely to become important transport routes for international trade.” It added that it would encourage enterprises to build infrastructure and conduct commercial trial voyages, paving the way for Arctic shipping routes that would form a “Polar Silk Road.” Chinese Vice Foreign Minister Kong Xuanyou shows a white paper on ...
Inside the group chats where people pump and dump cryptocurrency
Post Date: 2018-01-25 08:10:56 by Tatarewicz
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How self-proclaimed “pump and dump groups” scam thousands of wannabe altcoin investors. Welcome to Big Pump Signal! We are a group that buys cryptocoins all at the same time to increase its value. We then sell for the increased price for huge profits! Every few days, 200,000 strangers come together online to buy little-known cryptocurrencies, also known as altcoins, at exactly 2 p.m. Eastern time. Then, anywhere from 30 to 120 seconds later, they sell them en masse (or at least try to). Those who buy and sell at the right time can potentially make out like bandits. Welcome to the wild world of altcoin “pump groups,” where participants believe they are the wolves, but ...
Will Work For No Benefits: The Challenges Of Being In The New Contract Workforce
Post Date: 2018-01-25 01:59:17 by Tatarewicz
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A new NPR/Marist poll shows that more than half of contract workers don't get employee benefits. "We really don't have much of a social safety net, and that's terrifying," freelancer Matt Nelson says. NPR logo Listen · 6:14 6:14 Heard on Morning Edition "We really don't have much of a social safety net, and that's terrifying," says Matt Nelson, a freelance Web developer in Madison, Wis. Noah Willman hide caption "We really don't have much of a social safety net, and that's terrifying," says Matt Nelson, a freelance Web developer in Madison, Wis. Noah Willman A new NPR/Marist poll finds that 1 in 5 jobs in America is held ...
US Fed will kill bitcoin eventually, investor warns
Post Date: 2018-01-24 08:34:00 by Tatarewicz
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RT... Bitcoin will not be part of US monetary policy, so the Federal Reserve will crack down on it, portfolio manager Steve Chiavarone warns. However, the blockchain technology behind cryptocurrencies will remain. “The currency itself isn’t a great medium of exchange, it’s not a great store of value. It has a fixed amount so the Fed would have to kill it at some point because they wouldn’t be able to engage in monetary policy,” Chiavarone said in an interview with CNBC. “But blockchain behind it, we think is more real than people are giving it credit." Read more A man walks past an electric board showing exchange rates of various cryptocurrencies ...
Bitcoin crashed because professionals cashed out, making a buck from last-minute amateur investors
Post Date: 2018-01-20 03:27:07 by Tatarewicz
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RT... The largest cryptocurrency bitcoin surged to $20,000 in December. Its rapid growth was due to common folk deciding to invest in the hope of making a quick buck. It was a time for professional investors to sell. Read more © Clodagh Kilcoyne ‘Bitcoin will take the arrows, settlers will get the wealth’ – PwC exec “Many people behind bitcoin and cryptocurrencies as a whole understand that the skyrocketing prices in the last few months are linked to a cash inflow from mass-market consumers. Even pensioners wanted to invest,” Georgy Verbitsky, managing director at eToro, Russia and the CIS, told RT. Bitcoin hit $20,000 last month, breaking new records every ...
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