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Latest Articles: Business/Finance
Informative And Snarky
Post Date: 2017-08-12 16:37:24 by Ada
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This book is extremely informative and a snarky assessment of the Washington establishment which is quite entertaining. As a libertarian, Stockman is not always a Trump supporter but he despises Washington and thinks Trump is what it deserves. While this book is mainly economic it makes a lot of political points which are quite insightful once you think about them. The first is that we basically have a planned economy run by the unelected governors of the Federal Reserve which he describes as a “Monetary Politburo.” They control money printing, debt creation, interest rates, and mandate continuing inflation with their inflation target of two percent. This constant inflation ...
Russian oil is expanding into Syria, Iraq and Iran
Post Date: 2017-08-11 09:07:00 by Tatarewicz
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In general, Russia has the biggest share among foreign countries in securing preliminarily IPC oil fields in Iran by means of MoUs (totaling 9) and it is LUKOIL that won the most prolific ones (See Graph 1), in all likelihood a result of its long-standing ties to Iran which date back to the Caspian swap crude sales. Most fields that Russian companies will be involved in are brownfield - only Changuleh is a greenfield - and fall into the medium oil category. Graph 1. Russian Participation within the framework of the Iran Petroleum Contract. Iran is not the only Middle Eastern country that will witness an influx of Russian companies. Rosneft and Gazprom Neft are developing eight blocks in ...
Turf war at Uber as major investor sues firm's founder Kalanick for fraud
Post Date: 2017-08-11 08:39:35 by Tatarewicz
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RT... One of Uber’s largest investors is suing Travis Kalanick, accusing the company’s former head of being involved in a fraudulent scheme to “increase his power over Uber for his own selfish ends.” Benchmark Capital, a Silicon Valley venture capitalist, filed a suit in Chancery Court in Delaware on Thursday. Read more Uber CEO Travis Kalanick © Shu Zhang Embattled Uber chief takes leave of absence to ‘work on himself’ The firm claims Kalanick, who stepped down as Uber CEO in June but is still on the company board of directors, is trying to change the makeup of the board to his advantage. The document says the ousted Kalanick’s “overarching ...
Financial Presstitutes Cover Up for the Big Banks
Post Date: 2017-08-09 09:25:35 by Ada
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The big New York banks no longer perform the banking function of lending to consumers and businesses. Thanks to government policies that foster increased financial concentration, banking incentives have changed fundamentally. The big banks today are focused on higher risk-return speculation and on trading and fee-based income. Banks don’t lend not because, as banks and their lobbys claim, of new capital requirement rules, but because their ability to lend is foreclosed by the fact that the big banks pay out all or more than all of their net income in dividends and buy-backs of their own stocks in order to drive up executives’ bonuses. The extraordinary payouts of earnings ...
Russian serial entrepreneur launches 'kosher' cryptocurrency only for Jews
Post Date: 2017-08-08 07:18:06 by Tatarewicz
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RT... Russian entrepreneur Viacheslav Semenchuk has announced plans for an initial coin offering (ICO) of the world's first kosher digital currency aimed specifically at Jewish communities across the globe. The BitСoen, which comes from the Hebrew word ‘priest,' has been created to simplify payments within Jewish communities, according to Semenchuk. At the same time, BitСoen can be bought by anyone. Read more © Global Look Press Another bitcoin rival makes its mark in cryptocurrency world Semenchuk said he has invested $500,000 in the project and the new cryptocurrendy is based on a separately developed blockchain. The wide-scale issue of BitCoen tokens is ...
** PETRO-DOLLAR WATCH **
Post Date: 2017-08-08 04:56:54 by Tatarewicz
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Syrper A good article about the petro-dollar and Chinese policy regarding Saudi Arabia, I have omitted the first paragraphs because it’s stuff about the petro-dollar system and the accompanying US hegemony that all Syrpers know about. ARTICLE: “SAUDI VULNERABILITY The Saudis are the subject of occasional debate for a failed kingdom, a collapsed monarchy, a bankrupted nation, with finances bleeding red ink like never before in its brief history. Infighting has occurred to wrest the title of crown prince for Mohammed bin Salman (MbS), certain to have caused internal resentment and worse. The kingdom is depleting it financial reserves faster than it is the oil reserves. Deficits ...
Trump: Another Nixon?
Post Date: 2017-08-07 06:07:57 by Ada
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Approximately two months before the election on September 10th I locked down the final draft of my book, Trumped! In the opening sentence I ventured the following opinion, which was most certainly not in the mainstream at the time: FIRST THERE WERE 17. THEN LITTLE MARCO, LOW ENERGY JEB AND LYIN’ Ted were gone. At length, there was one. And now there is even a chance he may become President. That he did, and contrary to all expectations, too. But now there is an excellent chance that Mike Pence will become the 46th occupant of that office. This time the pundits do see it coming. That’s because they are complicit — functioning as self-appointed magistrates of a recount of ...
Fake News A US Media Speciality
Post Date: 2017-08-06 19:36:01 by Ada
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The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was compared to Hitler until Hillary passed the title on to the President of Russia? Milosevic, not Bill Clinton, was arrested and placed on trial at the International Criminal Tribunal. He died in prison, some say murdered, before he was cleared of charges by the International Criminal Tribunal. http://www.globalresearch.ca/milosevic-and- ...
U.S. STATES ENACT PRO GOLD AND SILVER MEASURES
Post Date: 2017-08-06 13:50:19 by BTP Holdings
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Poster Comment:I do not necessarily like the fact that states are going to form precious metals depositories. It is better to keep the metals yourself rather than in a central location. This prevents you from potential government seizure. And now that the several states are all subdivisions of the corporate parent, UNITED STATES OF AMERICA, they must comply with all federal demands.
Dow hits record high after US jobs report beats forecasts - as it happened
Post Date: 2017-08-06 08:03:57 by BTP Holdings
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Dow hits record high after US jobs report beats forecasts - as it happened A US Dollar note. Photograph: Thomas White/Reuters Graeme Wearden Friday 4 August 2017 10.37 EDT First published on Friday 4 August 2017 03.14 EDT Summary: US jobs report cheers the markets Time for a quick recap: America’s economy has beaten expectations by creating 209,000 new jobs in July. An upbeat Non-Farm Payroll report also showed the jobless rate has fallen to 4.3%, while annual wage growth remained at 2.5%. The labor force participation rate picked up too. Here are the details Economists broadly welcomed the news. As Michael Pearce of Capital Economics put it: The real ...
Alibaba to open 'vending machine' in China to dispense luxury cars
Post Date: 2017-08-05 06:35:08 by Tatarewicz
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RT... Buying a car in China may become “as easy as buying a can of Coke,” claims the Alibaba Group, announcing plans to set up the first “automotive vending machine” later this year. Chinese consumers can already purchase vehicles online with the help of their smartphones but Tmall, the Alibaba Group-owned B2C shopping site, wants to take this type of e-commerce to the next level. Here's what the future of car shopping could look like. Good news: no good cop, bad cop routine required. t.co/pUOCx2Ckwopic.twitter.com/FdoXfiuMZ6 — Alibaba Group (@AlibabaGroup) August 2, 2017 “The era of online car shopping has already arrived,” said Yu Wei, general ...
Greenspan: Bond bubble about to break because of 'abnormally low' interest rates
Post Date: 2017-08-04 08:40:12 by Horse
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Former Fed Chief Alan Greenspan said "abnormally low" interest rates will break a bubble in the bond markets. Greenspan is famous for warning markets about "irrational exuberance" and the consequences it can bring. Alan Greenspan: Interest rates on government bonds have never been lower Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices. In a CNBC interview, the long-time central bank chief said the prolonged period of low interest rates is about to end and, with it, a bull market in fixed income that has lasted more than three decades. "The current ...
Construction of world's second largest hydropower station begins in China
Post Date: 2017-08-04 08:19:53 by Tatarewicz
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(Xinhua) Construction of world's second largest hydropower station begins A ceremony is held at the construction site of Baihetan project, which is located downstream of the Jinsha River, the upper section of the Yangtze, in Ningnan county of southwest China''s Sichuan Province and Qiaojia county of neighboring Yunnan Province, on Aug. 3, 2017. Building work on what will be the world''s second largest hydropower station started Thursday. The Baihetan project is on the Jinsha River, the upper section of the Yangtze, straddling Sichuan and Yunnan provinces. With a total installed capacity of 16 million kilowatts, the project is expected to generate more than 60 billion ...
The Myth of American Meritocracy
Post Date: 2017-08-03 07:05:39 by Ada
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How corrupt are Ivy League admissions? Illustration by Michael Hogue Just before the Labor Day weekend, a front page New York Times story broke the news of the largest cheating scandal in Harvard University history, in which nearly half the students taking a Government course on the role of Congress had plagiarized or otherwise illegally collaborated on their final exam.1 Each year, Harvard admits just 1600 freshmen while almost 125 Harvard students now face possible suspension over this single incident. A Harvard dean described the situation as “unprecedented.” But should we really be so surprised at this behavior among the students at America’s most prestigious ...
China Has the Leverage to Kill the Petrodollar
Post Date: 2017-08-02 06:10:03 by Tatarewicz
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RI... The Gulf Region will sell crude oil in non-USD terms on a widespread basis and significant scale The Chinese Government is greatly irritated by the requirement to use US Dollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating. The global currency reserve status for the USDollar is at severe heightened risk. It ...
Alan Watts: Money & Social Conformity [+ Money, Gold, Technology & Jobs]
Post Date: 2017-07-31 19:07:33 by GreyLmist
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9.5 minutes: Excerpts from an article on that commentary at thesocietypages.org [On the False Idea that Money is a Resource], debated in the Comment section there: Watts notes that we like to talk about “laws of nature,” or “observed regularities” in the world. In order to observe these regularities, he points out, we have to invent something regular against which to compare nature. Clocks and rulers are these kinds of things. All this is fine but, all too often, the clocks and the rulers come to seem more real than the nature that is being measured. For example, he says, we might think that the sun is rising because it’s 6AM when, of course, the sun will rise ...
Iran, Iraq reach deal over Kirkuk pipeline
Post Date: 2017-07-31 05:09:05 by Tatarewicz
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PressTV... Iran says it has reached an agreement with Iraq to construct a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran. The announcement was made by Iran’s Petroleum Minister Bijan Zanganeh after a meeting with his visiting Iraqi counterpart Jabbar al-Luaibi. Zanganeh also added that agreements had been reached with Iraq about an international company that will carry out a feasibility study of the project. Iran and Iraq signed a basic agreement in February that envisaged exporting Iraqi oil through the Iranian territory – a scheme that would remove Baghdad’s reliance on the Kurdistan Regional Government (KRG) to export its oil ...
Ohio - 40% Of The Workforce Can't Pass A Drug Test
Post Date: 2017-07-30 06:45:35 by HAPPY2BME-4UM
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This Ohio factory owner says she has jobs but few sober applicants An Ohio factory owner said Saturday that though she has blue-collar jobs available at her company, she struggles to fill positions because so many candidates fail drug tests. Regina Mitchell, a co-owner of Warren Fabricating & Machining in Hubbard, Ohio, told The New York Times this week that four out of 10 applicants otherwise qualified to be welders, machinists and crane operators will fail a routine drug test. In an interview Saturday with CNN's Michael Smerconish, Mitchell said that her requirements for prospective workers were simple. "I need employees who are engaged in their work while here, of sound ...
US Sanctions Push Russia Closer to Abandoning the Dollar — Deputy FM Sergei Ryabkov
Post Date: 2017-07-30 04:47:15 by Tatarewicz
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RI... Russia's deputy foreign minister says US sanctions will compel Moscow to seek alternatives to the dollar-based reserve currency system Russian Deputy Foreign Minister Sergei Ryabkov gave a jaw-dropping interview with ABC News in which he stated unequivocally that US sanctions are pushing Russia towards developing alternatives to the dollar reserve currency system. During the interview, Ryabkov states that Russia is prepared to go tit-for-tat with any US sanctions imposed on Moscow. Asked about whether the Russian economy could withstand a serious sanctions war, Ryabkov doubles down and says that not only is Russia prepared to go toe-to-toe with Washington, it's also closer ...
Walmart Plans To Create 1.5 Million Jobs, Unveils Manufacturing Strategy
Post Date: 2017-07-27 09:18:15 by Tatarewicz
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IBTimes... Mega-retailer Walmart reportedly joined business and government officials in Washington Wednesday to unveil a plan to boost growth in the domestic manufacturing sector. Company executives said the plan would generate an estimated 1.5 million jobs in the United States. Walmart proposed 10 policy plans to boost U.S. manufacturing jobs that the company claimed might "recapture" an estimated $300 billion of the $600 billion worth of imported consumer goods. READ: Amazon Could Launch Stand-Alone Messaging App 'Anytime,' Here Are The Possible Features Included Walmart’s "policy roadmap" proposal included building vocational schools, reducing costs ...
China’s famed hot pot chain strives to popularize instant hot pot
Post Date: 2017-07-27 07:35:29 by Tatarewicz
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People's Daily Hai Di Lao, one of China’s giant hot pot chains, recently announced a joint venture with YiHai International Holdings Limited and Xinpai (Shanghai) Catering Management Co. Ltd. to mass produce a self-heating hot pot. Self-heating hot pots, also called instant hot pots, are the latest development in the hot pot industry. With everything pre-prepared in a small sealed paper box, one instant hot pot merely costs around 30 yuan ($4.45). Pour in hot water, wait for 15 minutes, and a warm and delicious hot pot is ready to serve. Compared to take-out hot pot, instant hot pot can not only provide people with a feast at home, but can also spare them the trouble of placing ...
Banks Are Scheming to Dominate a Future Cashless Society
Post Date: 2017-07-26 17:54:04 by Ada
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Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered with governments around the world to help convert financial systems into cashless models, but their real incentive is the billions of dollars in extra transaction fees it would generate. “We are declaring war on cash,” Visa spokesman Andy Gerlt proudly proclaimed after the program was announced. The food-based small businesses Visa is ...
More than a third of California households have virtually no savings, are at risk of financial ruin, report says
Post Date: 2017-07-26 07:25:41 by HAPPY2BME-4UM
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More than a third of California households have virtually no savings, are at risk of financial ruin, report saysBy Kevin Smith, San Gabriel Valley TribunePosted: 07/25/17More than 37 percent of California households have so little cash saved that they couldn’t live at the poverty level for even three months if they lost a job or suffered another significant loss of income.That’s the grim assessment of the 2017 Prosperity Now Scorecard. The report was compiled by Prosperity Now, a Washington, D.C.-based organization seeking to help people — particularly people of color and those with limited income — achieve financial security and prosperity.HOUSEHOLDS OF COLORIt gets ...
Lithium's investment potential
Post Date: 2017-07-26 06:26:09 by Tatarewicz
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Stock Gumshoe...Lithium has been in use for a long time, of course, and holds price of place as the lightest metal on the periodic table (the lightest solid, really), and it’s very reactive and has great energy density, which makes it appealing for batteries — which is why lithium ion batteries have taken over in most portable electronics and in most electric vehicles. That has led to the idea that lithium should become far more expensive, because demand for electric vehicles is ramping up. Consumer electronics are one thing — the lithium producing world has pretty well met the required demand for millions of laptops and billions of cellphones, essentially all of which have ...
The STAGGERING Difference Between Presidents Trump and Obama Just 6 Months
Post Date: 2017-07-21 09:02:57 by Tatarewicz
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This is a statistic that won't be reported on CNN, NBC and the rest of the Main Stream Media. What's the difference between Presidents Trump and Obama? Approximately $1 Trillion! President Obama increased the US debt in his first 6 months by $1 Trillion more than President Trump! As of today, President Trump has decreased the US Debt since his inauguration by (-$103) Billion. imgur.com/a/U9Mjs President Obama on the other hand increased the US debt in his term for the same time period by $899 Billion. imgur.com/a/24MDC Yes, that's a difference of $1 Trillion! However, it should be noted that the amount of US debt reported under President Trump is the same amount that has ...
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