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Latest Articles: Business/Finance
Standard and Poor’s Threaten Illinois With Municipal “Junk Bond” Status – First State Ever Facing “Junk Bond” Status…
Post Date: 2017-06-25 10:52:30 by HAPPY2BME-4UM
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Standard and Poor’s Threaten Illinois With Municipal “Junk Bond” Status – First State Ever Facing “Junk Bond” Status…The Illinois long-term labor pension liabilities are ridiculous in the extreme. However, things just went from bad to jaw-droppingly, gobsmackingly, unbelievably worse.According to the latest financial media reports, Standard and Poors Global Ratings agency has positioned Illinois bonds to drop below “investment” grade; that would make Illinois the first state in the nation to achieve “junk bond” status. (Via ABC) Illinois is on track to become the first U.S. state to have its credit rating downgraded ...
Putin's Telephone conversation with President of Turkey Recep Tayyip Erdogan
Post Date: 2017-06-25 05:59:15 by Tatarewicz
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June 23, 2017, Krasnodar Territory Vladimir Putin had a telephone conversation with President of the Turkish Republic Recep Tayyip Erdogan. The President of Russia was on board a pipe-laying ship that is involved in the construction of the Turkish Stream gas pipeline. During the conversation Vladimir Putin noted that Russia and Turkey maintain a higher level of cooperation than other countries, recalling that the agreement on building the Turkish Stream was signed in 2016 and the work on laying the deep-water section of the pipeline is already underway. Mr Putin said the first leg of the pipeline will be ready next year and the second one in late 2019. * * * Excerpts from telephone ...
State of Montana to directly invest in Bitcoin mining operation and Blockchain based data center
Post Date: 2017-06-24 23:42:39 by spirit
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As we wrote in an article earlier this week, both regulation and will be accepted within the U.S. appears to be varied between the states. And on June 10 the state of Montana has introduced a new approach which includes actual taxpayer funding to facilitate investment in a data center which will act as both a Bitcoin mining operation, and as a Blockchain test facility. In the first-ever reported case of a US State funding what looks to be a Bitcoin mining operation, Montana’s Governor recently announced that $416,000 was awarded to a “data center that provides blockchain security services for the bitcoin network.” Governor Steve Bullock recently announced $1,124,030 in ...
Investment potential in self-driving technology.
Post Date: 2017-06-24 01:55:12 by Tatarewicz
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Stock Gumshoe assesses the investment promotion: Jeff Brown over at Bonner and Partners is launching a new newsletter called The Near Future Report, which sounds like it’s the “entry level” letter (currently offered at $75) to go with his pricier Exponential Tech Investor, and the first bait they’re dangling for new subscribers is a fat, juicy promise of a stock that “could do even better than Nvidia.” “By the end of 2017, I expect a government mandate will be passed that requires all American cars have the ability to communicate with each other, using advanced computing power to process that information and avoid accidents – all in a split second. ...
Xi says BRICS cooperation will usher in new "golden decade"
Post Date: 2017-06-20 07:45:21 by Tatarewicz
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BEIJING, June 19 (Xinhua) -- Chinese President Xi Jinping said Monday that BRICS cooperation would be more productive and usher in a new "golden decade." Xi made the remarks when meeting with the heads of delegations from Brazil, Russia, India and South Africa, who are in Beijing to attend the BRICS foreign ministers' meeting. Chinese Foreign Minister Wang Yi chaired the meeting, which also included Russian Foreign Minister Sergey Lavrov, Brazilian Foreign Minister Aloysio Nunes, South African Minister of International Relations and Cooperation Maite Nkoana-Mashabane and India's Minister of State for External Affairs Vijay Kumar Singh. Xi extended congratulations on ...
Democracy Is A Front For Central Bank Rule
Post Date: 2017-06-19 10:13:04 by Ada
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Several years ago when the Federal Reserve had its Fed funds rate at zero to 25 basis points (one-quarter of one percent—0.25%), there was a great deal of talk, somehow presented as urgent, whether the Federal Reserve would raise interest rates. RT asked me if the Fed was going to raise interest rates. I answered that the purpose of low interest rates was to restore the solvency of the balance sheets of the “banks too big to fail” by raising debt prices. The lower the interest rate, the higher the prices of debt instruments. The Fed drives bond prices up by purchasing bonds, and the Fed raises interest rates by selling bonds, or by purchasing fewer of them than ...
The Petrodollar Is in Trouble
Post Date: 2017-06-19 08:56:51 by Tatarewicz
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RT... The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line. Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil is not covering the cost to produce oil as well as finance its national budget. The PetroDollar system was started in the early 1970’s, after Nixon dropped the Gold-Dollar peg, by exchanging Saudi Oil for U.S. Dollars. The agreement was for the Saudi’s only to take U.S. Dollars for their oil and reinvest the surpluses in U.S. Treasuries. Thus, this allowed the U.S. ...
AIIB to build a sustainable tomorrow for future generations
Post Date: 2017-06-18 05:23:48 by Tatarewicz
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(Xinhua) Jin Liqun, president of AIIB speaks on the Second Annual Meeting of the Board of Governors of the AIIB held in Jeju Island, South Korea, June 16, 2017. The 18-month-old Asian Infrastructure Investment Bank (AIIB) has won acclaim for its good work from representatives of all over the world at its Second Annual Meeting of the Board of Governors held here through Saturday. (Xinhua/Yao Qilin) The 18-month-old Asian Infrastructure Investment Bank (AIIB) has won acclaim for its good work from representatives of all over the world at its Second Annual Meeting of the Board of Governors held here through Saturday. The multilateral development bank (MDB), initiated by China and supported ...
Feature: China contributes to Cuba's development of alternative sources of energy
Post Date: 2017-06-18 05:03:18 by Tatarewicz
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Xinhua CIRO REDONDO, Cuba, May 30 -- Sugar cane has long been Cuba's cash crop, with the country becoming the largest sugar producer in the world and using it to bankroll its economy stretching back to the 19th century. However, a deep economic crisis after the collapse of the Soviet Union in the early 1990s caused the Cuban sugar industry to lose its main market, with many mills slowly falling into obsolescence. Years later, Cuba has a restructured industry adapted to its economic and production possibilities, and the Caribbean nation is seeking new alternatives for the sugar industry to be less reliant on fossil fuels to generate electricity. The island now plans to produce 24 ...
This is the best indicator yet that analysts were wrong about the gun industry
Post Date: 2017-06-17 08:45:23 by BTP Holdings
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This is the best indicator yet that analysts were wrong about the gun industry The Motley Fool Rich Duprey 13 hrs ago Overall Gun Sales Drop Under Trump, But Women Are Still Buying Video by CBS Sacramento Two years ago, the FBI reported that it conducted a record number of background checks on potential gun buyers in May, more than it had ever done before for that month. It would launch a 19-month-long streak that would culminate in more than 27.5 million background checks performed in 2016, 20% more than the year before and over two and a half times time the number conducted 10 years prior. While the November elections seemed to gut that growth, as December's background checks ...
Vladimir Putin: The Most Powerful Person In The World
Post Date: 2017-06-14 08:39:43 by Ada
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It must be wonderful being Vladimir Putin and being the most powerful person on earth. And not even have to say so yourself. The US Democratic Party is saying it for Putin along with the entirety of the Western presstitute media and the CIA and FBI also. The Russian media doesn’t have to brag about Putin’s power. Megyn Kelly, the Western presstitutes, and Western leaders are doing it for them: Putin is so powerful that he is able to place in office his choice for the President of the United States. I mean, Wow! What power! Americans are simply out of the game. Americans, despite a massive intelligence budget and 16 separate intelligence services plus those of its NATO vassals, ...
Coal Cronyism
Post Date: 2017-06-13 08:08:34 by Ada
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Wall Street writes a policy; Trump sells it to Appalachia as an elixir. Editor’s Note: This article is part of TAC‘s efforts to highlight the cozy relationships between government and business. To explore further, join us at our crony capitalism conference this Thursday in Washington, DC! Appalachia’s coal-mining towns are on a glide path to becoming the next Detroit, victims of a declining industry and disconnected politics. After the Democrats spent generations taking coal miners for granted, President Trump’s outreach is laudable. Unfortunately, the president’s promises end with cutting regulations—necessary but insufficient and cynical. This aids Wall ...
China Ride-hailing giant UCAR invests in electric carmaker
Post Date: 2017-06-13 02:04:53 by Tatarewicz
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(Chinadaily.com.cn) China's high-end ride hailing company UCAR Technology Inc has led a 2.2 billion yuan investment in the fledging electric carmaker Xpeng Motors, the two announced on Monday. The investment is the first UCAR has made since the car service provider set up a private equity fund of 10 billion yuan to invest in "synergy and forward-looking" projects. Xpeng Motors plans to mass produce its first model, an all-electric SUV, by the year end. The three-year-old company released the prototype in last September. Touting an internet gene, the Guangzhou-headquartered carmaker has executives from a band of internet players such as Tencent, Alibaba, Huawei and UC Web, ...
Nobel laureate heads Chinese institute on economics, AI application eyed
Post Date: 2017-06-12 04:25:00 by Tatarewicz
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BEIJING, June 11 (Xinhua) -- Nobel laureate in economics Thomas J. Sargent has been tapped to head a Chinese university institute to conduct teaching and research on economics including the use of artificial intelligence and big data in financial analysis. The Sargent Institute of Quantitative Economics and Finance was set up at the Peking University HSBC Business School (PHBS) in the southern Chinese economic hub of Shenzhen, said PHBS Dean Hai Wen. He said with the institute the school will start offering a Ph.D. program in quantitative economics and a Master's program in finance specialized in financial technology. Sargent, an American economist, was awarded the 2011 Nobel Prize ...
JIM ROGERS: The worst crash in our lifetime is coming
Post Date: 2017-06-10 10:16:41 by BTP Holdings
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JIM ROGERS: The worst crash in our lifetime is coming Business Insider Jacqui Frank 7 hrs ago © TheStreet Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week's episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. Following is a transcript of the video. Click for Full Text!
Without Glass-Steagall America Will Fail
Post Date: 2017-06-09 19:30:08 by Ada
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For 66 years the Glass-Steagall act reduced the risks in the banking system. Eight years after the act was repealed, the banking system blew up threatening the international economy. US taxpayers were forced to come up with $750 billion dollars, a sum much larger than the Pentagon’s budget, in order to bail out the banks. This huge sum was insufficient to do the job. The Federal Reserve had to step in and expand its balance sheet by $4 trillion in order to protect the solvency of banks declared “too big to fail.” The enormous increase in the supply of dollars known as Quantitative Easing inflated financial asset prices instead of the consumer price index. This rise in ...
Fossil Fuel Divestment Would Cost Pension and Retirement Funds $5 Trillion
Post Date: 2017-06-08 09:25:06 by HAPPY2BME-4UM
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A move away from fossil fuel investments by 11 of the nation's major public pension funds would lead to a nearly $5 trillion shortfall over the next 50 years, according to a new report from University of Chicago professor Daniel Fischel. The report comes as environmentalists renew their push to get pension funds to divest from fossil fuels following President Trump's withdrawal from the Paris Accord. Elected officials in both New York state and New York City have pushed for both to rapidly divest their billions of dollars worth of fossil fuel investments. "By fully divesting New York City pension funds from coal, oil, and gas, we would take a prudent step toward protecting 1.5 ...
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job - See more at: http://investmentwatchblog.com/the-real-unemployment-number-102-million-working-age-americans-do-not-have-a-job/#sthash.04sqCFjC.dpuf
Post Date: 2017-06-06 08:56:16 by HAPPY2BME-4UM
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by IWB · Published June 5, 2017The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May the number of working age Americans without a job increased to just a shade under 102 million. According to the bureaucrats in the federal government, the “unemployment rate” in May was the lowest that we have seen in 16 years. At just “4.3 percent”, we are ...
Bitcoin rival ethereum hits record high rallying almost 3,000% this year
Post Date: 2017-06-06 03:16:12 by Tatarewicz
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RT... Bitcoin rival ethereum hits record high rallying almost 3,000% this year Chuvash women, wearing headdresses decorated with coins © Ilya Naymushin / Reuters The ethereum virtual currency reached an all-time high of $250.41 over the weekend amid growing interest in digital assets and increased trade in Asia. The value of ethereum is currently 30 times higher than the $8 price level it had on January 1. Read more Golfer at the foot of Mount Everest © Gopal Chitrakar / Reuters Alternative cryptocurrency ether reaches rarefied air On Monday, the cryptocurrency was trading slightly off its record high, at $247.16 as of 1:00 pm GMT. According to industry website CryptoCompare, ...
Hard Times Come to Much of Rural America
Post Date: 2017-06-05 07:44:42 by Ada
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Scarcity of capital for small businesses has accelerated the crisis described in “Rural America Is the New ‘Inner City’” by stunting the growth of young businesses. Businesses in rural towns are starving for equal access to capital that has benefited urban areas for decades. Scarcity of capital for small businesses has accelerated the crisis described in “Rural America Is the New ‘Inner City’” (page one, May 27) by stunting the growth of young businesses. Traditionally, a rural business owner or enterprising farmer who needed assistance to purchase farm or manufacturing equipment or even warehouse space would go to the community bank or farm credit ...
Pigs at the Trough
Post Date: 2017-06-04 10:01:00 by Ada
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I was thinking about writing a post containing the list of CEOs of major US corporations who have come out against Trump’s decision regarding the Paris Climate Accord. I am overwhelmed. I would make my life easier by writing a list of those who haven’t. I cannot let it go unsaid regarding one of these: Elon Musk. It is really hilarious to consider that he has no company without the government’s involvement in the climate. None of these CEOs is a climate expert; all of them publicly complain about regulation. You would think that this combination of characteristics would lead to either at best cheering the elimination of the horrendous regulatory burdens imposed by yet ...
Opinion: How globalization sunk many Americans deeper in debt
Post Date: 2017-06-04 08:14:08 by BTP Holdings
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Opinion: How globalization sunk many Americans deeper in debt MarketWatch Erik Loualiche 3 hrs ago © Provided by Dow Jones & Company, Inc. Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft. Even as U.S. policy makers continue to debate the relative advantages and drawbacks of globalization, it’s abundantly clear that international trade is not the benevolent force it was once thought. For all its promise of boosting incomes and strengthening growth, trade has had a disproportionately damaging impact on regions of the U.S. that have long depended on ...
Retirees flock to Latin America to live an upper-class lifestyle on $1,500 a month
Post Date: 2017-06-04 06:28:49 by HAPPY2BME-4UM
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UENCA, Ecuador To casual visitors, this colonial town in southern Ecuador looks like it was torn from the pages of history. With its cobbled streets, soaring cathedrals and bustling markets, it exudes a lazy, old world charm. But Cuenca is also on the cutting edge of a very modern trend: providing a safe haven for U.S. retirees who have found themselves unwilling — or unable — to live out their golden years at home. The growing wave of ex-pat seniors is not only upending notions about retirement in the hemisphere but reshaping the face of communities throughout the Americas. And the trend is expected to grow as waves of baby boomers exit the workforce ill-prepared for ...
OPEC, Russia & other producers to curb inventories to five-year average
Post Date: 2017-05-31 07:41:10 by Tatarewicz
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OPEC, Russia & other producers to curb inventories to five-year average Published time: 31 May, 2017 09:52 Get short URL The Organization of the Petroleum Exporting Countries (OPEC) and non-members are committed to reducing global oil inventories to a five-year average, said Saudi Energy Minister Khalid Al-Falih in Moscow on Wednesday. Read more Russian President Vladimir Putin (L), Saudi Deputy Crown Prince Mohammed bin Salman (R) © Pavel Golovkin Putin meets Saudi Prince after oil production cuts deal extension The goal could be reached in the very near future, he said at a meeting with his Russian counterpart Aleksandr Novak. Russian and Saudi energy ministers also said ...
Overpopulation Hoax
Post Date: 2017-05-31 07:36:28 by Ada
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In 1798, Thomas Malthus wrote “An Essay on the Principle of Population.” He predicted that mankind’s birthrate would outstrip our ability to grow food and would lead to mass starvation. Malthus’ wrong predictions did not deter Stanford University professor Paul Ehrlich from making a similar prediction. In his 1968 best-seller, “The Population Bomb,” which has sold more than 2 million copies, Ehrlich warned: “The battle to feed all of humanity is over. In the 1970s and 1980s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now.” This hoax resulted in billions of dollars being spent to fight ...
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