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Latest Articles: Business/Finance
More Fake News From Washington
Post Date: 2017-04-09 18:55:17 by Ada
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this time it is about employment The US government continues to lie about everything, not just Russia, Syria, Iran, and China. The US government is incapable of telling the truth about something as straightforward as employment. According to the government, March produced only 98,000 new payroll jobs, an insufficient amount to reduce unemployment, but the unemployment rate fell from 4.7 to 4.5 percent. How did that happen? Not because the unemployed found jobs. The unemployment rate fell because the government did not count as unemployed large numbers of unemployed people who did not look for a job during the four week period prior to the survey. The US has a low unemployment rate, ...
Kubota Tractor Moves Headquarters To Texas From California…
Post Date: 2017-04-09 17:28:56 by HAPPY2BME-4UM
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Helping Governor Moonbeam lessen California’s carbon footprint.Via Farm and Ranch: Kubota Tractor Corporation unveiled its new North American headquarters building in Grapevine, Texas, today in a special ribbon cutting ceremony with Governor Greg Abbott, Masatoshi Kimata, President and Representative Director of the Kubota Group, along with State and local officials and supporters from the Grapevine community who all helped to usher in a new era for the company. The company’s move to Texas from Torrance, Calif., is the most significant change it has undertaken in its successful 45-year history in the U.S., where it has introduced over the years a full ...
Influential conservative groups attack Republicans amid a fight over the future of their Obamacare repeal bill
Post Date: 2017-04-06 11:21:35 by Ada
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As the intraparty battle over the Republican plan to overhaul the healthcare system in the US rages on, many influential conservative groups are again making their voices heard early in the process. The Club for Growth and Heritage Action have begun to attack moderate members of the Republican House conference for their opposition to changes being proposed to the American Health Care Act, the GOP legislation that would repeal and replace Obamacare. "The left wing among House Republicans doesn't want to compromise or keep their pledge to voters to repeal Obamacare," Club for Growth president David McIntosh said in a statement on Wednesday. And during a call with ...
Theresa May backtracks on Brexit pledge to end free movement of EU migrants
Post Date: 2017-04-05 06:44:04 by Tatarewicz
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RT. Prime Minister Theresa May has indicated that EU migrants could continue flowing into the UK for years – even after Britain leaves the European Union in 2019. May said free movement may linger in the first couple of years after Brexit, as businesses and governments will need time to adjust while the final deal with the EU is implemented. Read more Britain's Prime Minister Theresa May. © Stefan Wermuth Brexit committee rejects Theresa May’s ‘no deal with EU is better than bad one’ claim Speaking to reporters during her trip to the Middle East, May ruled out stripping EU migrants of their right to free movement during the post-Brexit transitional period. ...
EU, Israel agree to develop Eastern Mediterranean gas pipeline
Post Date: 2017-04-04 06:21:02 by Tatarewicz
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RT... Three Mediterranean EU countries and Israel agreed on Monday to continue pursuing the development of a gas pipeline project that could link gas fields offshore Israel to Cyprus, Greece, and Italy, and potentially help the EU to diversify supplies away from Russia. Read more Euro coins © Dado Ruvic Russia to dominate European gas market for next two decades The energy ministers of Cyprus, Israel, Italy and Greece agreed to initiate discussions on an intergovernmental accordance on the EastMed Pipeline, Greece’s Minister of Energy, Commerce, Industry and Tourism, Georgios Lakkotrypis tweeted on Monday after meeting with his counterparts in Israel. The pipeline could be ...
Iran pressing ahead with plan to ditch dollar
Post Date: 2017-04-04 03:24:02 by Tatarewicz
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PressTV... The Central Bank of Iran (CBI) says it is still working on a plan to reduce the role of the US dollar in its foreign exchange basket. The Central Bank of Iran (CBI) says it is still working on a plan to reduce the role of the US dollar in its foreign exchange basket. A recent controversial decision by a Luxembourg court to endorse freezing Iran’s assets has once against brought a plan by Tehran to ditch the US dollar into the spotlight. The Central Bank of Iran (CBI) in a statement emphasized that it was still trying to reduce the role of the US dollar in its foreign exchange basket – a policy that officials in Tehran had previously said would make the country immune ...
Cooking With Gas: Nord Stream 2 Project Gets Green Light From EU
Post Date: 2017-04-03 07:45:03 by Tatarewicz
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Sputnik... Despite opposition from Poland and Ukraine, the EU Commission is unlikely to stop the Nord Stream 2 project since it enables the bloc to achieve its clean energy objectives. Berlin Trying to Sneak Ukraine Gas Transit Guarantees into Nord Stream II Deal Despite pressure from Poland and Ukraine, the EU is not going to oppose the Nord Stream 2 pipeline project, an EU Commission official told Deutsche Wirtschafts Nachrichten. Brussels says it wants to ensure that EU regulations regarding transparency and competition in the European gas market are respected, but it doesn't see a reason to block the project. "There are no legal grounds for the Commission to oppose Nord ...
Buckle up For Currency Wars
Post Date: 2017-04-03 04:57:34 by Tatarewicz
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RI... The likelihood of serious geopolitical conflict is increasing, current levels of debt across the developed world are unsustainable, and the real probability of currency wars to retain perceived global share may well and truly pop several chains of imploding bubbles. Buckle up The more the central banks meddle and attempt to control natural market forces, the more forceful is the markets blowback. Russia has been home to many prophets, seers, healers and mystics such as Helen Blavatsky, George Gurdjieff, Matrona of Moscow, and Wolf Messing among others. Some have lasted through the tests of time, some not. Among the mosaic of Russian people who have delved into the future, one man ...
Bill making cryptocurrencies legal way of payment comes into force in Japan
Post Date: 2017-04-03 01:11:06 by Tatarewicz
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RT... New legislation authorizing digital currency as a legal payment method has come into force in Japan. The text of the law was released by Japan’s Financial Services Agency on March, 24. Read more Bitcoin embassy in Warsaw. Photo by Patrick Young Bitcoin revolution wins over world Earlier this week, the Accounting Standards Board of Japan said that it would begin work on the creation of a framework to help understand how digital currency would be dealt with in the accounting sector. The process is expected to take six months, according to Nikkei. Big business is especially concerned; since the country has failed to provide guidelines regarding the accounting process when ...
79 firms debut on China's New Third Board
Post Date: 2017-04-02 07:23:49 by Tatarewicz
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BEIJING, April 2 (Xinhua) -- A total of 79 small and medium-sized enterprises (SMEs) were added to China's New Third Board over the past week. The newcomers brought the total number of companies listed on the National Equities Exchange and Quotation (NEEQ) system to 11,023. Weekly turnover on the board was about 7.43 billion yuan (about 1.08 billion U.S. dollars) during the period, up 22.2 percent from a week ago. The NEEQ debuted in 2006 as an experimental platform for small non-listed high-tech enterprises in Beijing's Zhongguancun Science Park. The present system was officially established on Jan. 16, 2013. It complements the country's existing stock exchanges, the SME ...
Jack Ma's Latest U.S. Expansion Plan Threatened by Trump Agenda
Post Date: 2017-04-01 09:07:52 by HAPPY2BME-4UM
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Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles.On Friday, two members of the House of Representatives urged the Committee on Foreign Investment in the U.S. to conduct a "full and thorough" investigation of Ant Financial’s proposed acquisition of MoneyGram International Inc., a money-transfer service."The proposal merits careful evaluation as it would provide Chinese access to the U.S. financial infrastructure, a move that would pose significant national security risks if completed," Congressman Kevin Yoder and Congresswoman Eddie Bernice Johnson wrote in a letter to Treasury Secretary Steven Mnuchin.MoneyGram ...
This Science-Backed Online Test Can Tell if You're a Morning Person or a Night Owl
Post Date: 2017-04-01 07:05:29 by Tatarewicz
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ScienceAlert... Most of us know whether or not we are morning people. Either you can spring out of bed alert and ready to start the day - without an alarm, even - or you curse the alarm and seek out copious amounts of coffee to feel alive. But beyond that basic split, there's a lot of scientific research that looks at how our internal body clocks, or chronotypes, are defined - and how they influence our lives. We all have an individual chronotype - the main biological trait that explains why some people have an easy time starting their day at sunrise and others hate waking up before 10am (it's largely determined by genetic factors). There are a number of online quizzes that will ...
Bringing back the Somali shilling
Post Date: 2017-03-30 08:27:39 by Ada
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Somalia has long played host to one of the world's strangest monetary phenomenon, a paper currency without a central bank. I explored the idea of Somalia's "orphaned currency" more fully four years ago, but if you're in a rush what follows is the tl;dr version. Despite the fact that both the Central Bank of Somalia and the national government ceased to exist when a civil war broke out in 1991, Somali shilling banknotes continued to be used as money by Somalis. Over the years, Somalis also accepted a steady stream of counterfeits that circulated in concert with the old official currency, a state of affairs that William Luther explores in some detail here. The story ...
Pentagon agrees over 4 bln-dollar contract with Siemens
Post Date: 2017-03-30 06:40:24 by Tatarewicz
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BERLIN, March 29 (Xinhua) -- U.S. Department of Defense awarded Wednesday a maximum 4.129 billion U.S. dollars contract to Siemens Medical Systems USA Inc., the company said in a press release. The five-year base contract with one five-year option period is for the provision of radiology systems, accessories and training to the army, navy, air force, marine corps and federal civilian agencies. The contract was awarded following a competitive process, involving 27 responses. Joe Kaeser, CEO of Siemens AG, accompanied German Chancellor Angela Merkel on her recent trip to the United States. Editor: yan
Nuclear industry giant Westinghouse files for bankruptcy
Post Date: 2017-03-29 18:07:22 by HAPPY2BME-4UM
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Nuclear power giant Westinghouse filed for bankruptcy Wednesday in a major upset to the U.S. nuclear power industry. The company had been constructing the only new nuclear reactors to be built in the country in decades. But cost overruns, delays and other problems forced it to file for chapter 11 bankruptcy protection as it seeks to restructure its business. The company said in a statement that the "strategic restructuring" is a direct result of "certain financial and construction challenges in its U.S. AP1000 power plant projects." The company said it obtained $800 million in debt financing to help fund and protect its core businesses during its reorganization. ...
President Trump Signs Executive Order Reauthorizing American Energy Independence
Post Date: 2017-03-28 19:00:35 by HAPPY2BME-4UM
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President Trump Signs Executive Order Reauthorizing American Energy Independence…Posted on March 28, 2017 by sundance The global religion of billionaire carbon traders takes a hit today as the Church of Climatology is diminished by executive action. Apoplectic leftist meltdowns begin in 3,… 2,… 1…. Earlier this afternoon President Trump visited the Washington DC sanctuary of the EPA and signed an executive order reauthorizing America’s energy independence program. [Transcript] 2:14 P.M. EDT – THE PRESIDENT: Thank you. (Applause.) Thank you very much. I guess they like what we’re about to sign. I knew they were going ...
An increasing number of Americans have stopped paying their car loans, and Wall Street is starting to worry
Post Date: 2017-03-28 08:25:58 by Ada
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Wall Street is starting to worry about the auto loan market. Fitch, Moody's, Morgan Stanley, Mizuho and Evercore ISI have all published research on the market in the past few days, and there's a recurring theme: It's not looking good. There could be wide-ranging consequences, with automakers, the economy, consumers and one corner of the bond market all potentially taking a hit. The increased interest in the auto loan market seems to be based on commentary from Ally Financial, weak guidance from Ford, and what Evercore ISI called "a splurge in incentive spending." Here's what you need to know: The delinquency rate for subprime auto loans is at the highest level ...
Iraqi Oil Minister Luaibi Says Planning to Visit Moscow in June
Post Date: 2017-03-26 03:37:48 by Tatarewicz
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KUWAIT CITY (Sputnik) – Iraqi Oil Minister Jabbar Luaibi told Sputnik on Sunday that he planned to visit Moscow in June. "Yes," Luaibi said answering the question whether he was planning a working visit to Russia. He added that he hoped to come in June. Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed! ... 30 Related: Russia's Rosneft to Buy Oil for Refineries From Iraqi Kurdistan in 2017-19
Stanford report calls for closer U.S.-China collaboration on solar energy
Post Date: 2017-03-26 03:09:47 by Tatarewicz
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SAN FRANCISCO, March 25 (Xinhua) -- A new report from Stanford University researchers calls for China and the United States to work more closely together on solar energy with each country capitalizing on its particular strengths. Recognizing China as the major driver of the global solar industry, the researchers with Stanford's Steyer-Taylor Center for Energy Policy and Finance believe the rapidly expanding solar energy industry could contribute to curbing climate change only if governments and the private sector approach it more economically and efficiently. "The Chinese are not only leading the world in terms of the manufacturing of solar equipment, but they are also the ...
In 24 States, 50% or More of Babies Born on Medicaid; New Mexico Leads Nation With 72%
Post Date: 2017-03-25 11:48:01 by HAPPY2BME-4UM
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(CNSNews.com) - In 24 of the nation’s 50 states at least half of the babies born during the latest year on record had their births paid for by Medicaid, according to the Kaiser Family Foundation.New Mexico led all states with 72 percent of the babies born there in 2015 having their births covered by Medicaid.Arkansas ranked second with 67 percent; Louisiana ranked third with 65 percent; and three states—Mississippi, Nevada and Wisconsin—tied for fourth place with 64 percent of babies born there covered by Medicaid.New Hampshire earned the distinction of having the smallest percentage of babies born on Medicaid. In that state, Medicaid paid for the births of only 27 percent of ...
Swedish firm finds novel way for Iran business - Bitcoins
Post Date: 2017-03-25 07:46:08 by Tatarewicz
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PressTV... A company in Sweden has come up with an innovative solution which both bypasses US sanctions and does away with the need for banks to process transactions with Iran. Brave New World Investments AB is reportedly accepting deposits in bitcoin which it converts to Iranian rial and invests in equities on the Tehran Stock Exchange (TSE). With some US sanctions against Iran still in place in spite of a nuclear agreement, major banks have been refusing to finance deals with Tehran out of fear of running afoul of opaque American laws. Brave New World has become the first known company in Europe to incorporate without a bank account and handled all the initial funding in bitcoin. The ...
Russia devises own SWIFT system
Post Date: 2017-03-24 07:33:11 by Tatarewicz
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PressTV... Russia says it has devised an alternative to SWIFT global interbank money transfer service. Russia says it has devised an alternative to a global electronic money transfer mechanism which the United States has shown it would readily use to disrupt overseas financial transactions of countries which it sanctions for political disputes. Elvira Nabiullina, the governor of the Central Bank of Russia, was quoted by media as saying that Moscow was ready to use a substitute should the Society for Worldwide Interbank Financial Telecommunication (SWIFT) stopped processing cross-border money transfers for the country’s banks. "There were threats that we can be disconnected from ...
13 more states, including US ally Canada, join China's AIIB
Post Date: 2017-03-24 07:29:13 by Tatarewicz
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PressTV... The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70. The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70. The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70. The AIIB announced in a statement posted on its website that it was the first time that it welcomed new members since its inception. The newcomers ...
America's changing retail sector
Post Date: 2017-03-24 06:02:20 by Tatarewicz
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C2C... In the first half, financial analyst Mish Shedlock talked about the state of the economy. Regarding the possible bankruptcy of the corporate owner of Kmart and Sears, he commented that "vulture capitalists" came in and stripped out the company's assets and unleashed its debt causing the stock price to soar. They made huge amounts of money, he cited, but now the company is languishing again. Payless Shoes is also said to be moving toward filing for bankruptcy. A lot of retail purchasing has shifted to online outlets such as Amazon, and "I think the whole retail mall structure is in for an enormous shock," and along with that will come many lost jobs, he ...
Last days for Sears, Kmart, new era for Amazon.COM
Post Date: 2017-03-23 06:47:01 by HAPPY2BME-4UM
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Continuing its downward spiral, Sears' shares tumbled more than 12 percent on Wednesday.Dan Celia, who serves with Financial Issues Stewardship Ministries, believes that Sears has hit the point of no return."It's impossible for them to survive at this point," Celia contends after Sears’ latest plunge in stocks. "When you see a company like Sears selling off the only real branded thing they have left – which was Craftsman tools a few months back – you know they've come to a conclusion they're in survival mode … and I think that's what we're seeing."The financial expert is confident that Sears will continue its operations for a ...
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