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Latest Articles: Business/Finance
Chinese robbers are forced to find new jobs, and here's why
Post Date: 2017-05-08 07:59:33 by Tatarewicz
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(People's Daily Online) A news broke out recently that two men raided the cashiers in three convenience stores in east China’s Hangzhou city and got merely $260 (RMB1800) in cash. “Don't they know that we all use mobile payments now? It won't be easy to mug people for cash.” The story was roasted by Chinese netizens. The news shows how popular mobile payments are in China. Using cash in a purchase is now rare to see in China. Statistics shows that the Chinese third-party mobile payments volume in 2016 has reached USD 8.4 trillion (RMB57.9 trillion). If you live in China, then you don’t need to bring cards or cash with you when you go out. As long as you ...
Iran refreshes consent with oil at $55
Post Date: 2017-05-07 07:18:26 by Tatarewicz
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PressTV... Iran has refreshed its consent with the price of oil around $55 per barrel with the country’s Petroleum Minister Bijan Zanganeh stressing that there is already a consensus among producers to keep the prices at the same level by extending the current production cuts. “All signs show that the producers want to extend the production cuts,” Zanganeh told Iran’s Shana news agency as telling reporters on the sidelines of 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition – the Iran Oil Show – that opened in Iran’s capital Tehran on Saturday. “I believe that $55 per barrel is an adequate price for oil.” In February, ...
What is 'Peak Oil'
Post Date: 2017-05-06 04:56:38 by Tatarewicz
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Peak oil refers to a hypothetical date when the world's crude oil production rates will enter an irreversible decline. This concept is derived from geophysicist Marion King Hubbert's "peak theory", which states that oil production follows a bell-shaped curve. In the traditional vision of peak oil, the production decline accelerates as the challenge of extracting new reserves grows. This would put pressure on existing reserves that are drawing down overtime. If new reserves are not brought on line more rapidly than the existing reserves drawn down, then peak oil has been reached. Peak oil has been declared several times, but it has been proven premature by new extraction ...
Russia's petrol export can double by the end of 2018
Post Date: 2017-05-06 02:30:11 by Tatarewicz
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PMF...24.03.2017 High-octane petrol production in Russia keeps growing, with the bulk of the new output intended for export. By various estimates, the export volume can reach 7 to 9 million tonnes by the end of the next year compared to 3,35 million tonnes in 2016. Such scenario may aggravate a fuel oversupply in Europe. Russia could increase its petrol export twofold in coming years due to a surge in the country's refining capacity and a decline in domestic consumption, considers Reuters. The production of high-octane petrol totaled to 38,3 million tonnes last year, with almost 35 million tonnes sold in the local market. Thus, the export volume amounted to 3,35 million tonnes, which ...
First time for a state in US history - Puerto Rico Declares a Form of Bankruptcy
Post Date: 2017-05-04 06:46:35 by HAPPY2BME-4UM
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With its creditors at its heels and its coffers depleted, Puerto Rico sought what is essentially bankruptcy relief in federal court on Wednesday, the first time in history that an American state or territory had taken the extraordinary measure.The action sent Puerto Rico, whose approximately $123 billion in debt and pension obligations far exceeds the $18 billion bankruptcy filed by Detroit in 2013, to uncharted ground.While the court proceedings could eventually make the island solvent for the first time in decades, the more immediate repercussions will likely be grim: Government workers will forgo pension money, public health and infrastructure projects will go wanting, and the ...
Stock Gumshoe evaluate new battery recycler
Post Date: 2017-05-04 00:27:52 by Tatarewicz
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This is a little company called Aqua Metals (AQMS). They are priced right around $17, with a market cap of $325 million today… and this is a fairly rare thing in today’s market, a company that came up with a better model for an industrial process, raised money from startup funders, and then came public with an IPO to raise the capital needed to build their first facility. Kind of old fashioned, really. They also just really got their first facility going, after the first phase of construction was finished about a year ago, and they are just about to announce their quarterly earnings (in a week, on May 9 after the market close), so the story could change quite quickly… but ...
Report: Jared Kushner Didn’t Disclose $1 Billion in Loans, Investment Ties to Goldman Sachs and George Soros
Post Date: 2017-05-03 08:04:34 by Ada
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President Trump’s son-in-law and senior adviser Jared Kushner didn’t disclose his part ownership of a real-estate finance startup known as Cadre, according to a Wall Street Journal review of Kushner’s securities and other filings. The Journal notes that Kushner’s Cadre stake “means the senior White House official is currently a business partner of Goldman Sachs Group and billionaires including George Soros and Peter Thiel.” The Journal also reports that Kushner didn’t disclose a number of loans “totaling at least $1 billion, from more than 20 lenders,” on properties and companies he co-owns; and Kushner “has also provided personal ...
Iran rolls out new generation of national cars
Post Date: 2017-05-03 07:22:48 by Tatarewicz
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PressTV... Iran has started the mass production of what is seen as a revolutionary version of its Dena class of national cars. Iran has started the mass production of what is seen as a revolutionary version of its Dena class of national cars. Iran has started the mass production of an upgraded version of its Dena class of national cars which is already seen by the media as a revolutionary product by the country’s leading automaker Iran Khodro Industrial Group (IKCO). The IKCO officially rolled out Dena+ in a ceremony attended by Iran’s President Hassan Rouhani. Dena+ is a mid-sized four-door class-D sedan which has been designed by domestic experts at IKCO’s Research and ...
Putin, Modi to join session hosted by NBC’s Megyn Kelly at St. Petersburg economic forum
Post Date: 2017-05-03 01:25:06 by Tatarewicz
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RT... Russian President Vladimir Putin, Indian PM Narenda Modi and other top officials will discuss ways of adapting to the challenges of the global economy in a plenary session of the international economic forum in St. Petersburg that kicks off on June 1. The guests of the forum are expected to exchange opinions on key economic issues and discuss global trends at the 21st edition of the event, which is themed: “Achieving a New Balance on the Global Stage.” Former Fox News star and current NBC host Megyn Kelly was chosen as a moderator of an all-round discussion at the forum’s main session that is scheduled to be attended by both Putin and Modi, the forum’s organizer, ...
David Stockman: Trump's tax plan is 'dead on arrival' and Wall St. is 'delusional' for believing it
Post Date: 2017-05-01 08:40:45 by Ada
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David Stockman has a stern message for investors: They're living in a fantasy land about Trump. In a recent interview on CNBC's "Futures Now," the former director of the Office of Management and Budget under President Reagan said that "Wall Street is totally misreading Washington," and President Trump's promises of tax reform will be "dead before arrival." The president is "essentially a 70-year old kid in a candy store who wants one of everything: More for defense, veterans, border walls, law enforcement, infrastructure and 'phenomenal' tax cuts, too—without the inconvenience of paying for any of it," said Stockman. Of ...
Iran seems to finally have new oil deal solution
Post Date: 2017-04-29 09:06:23 by Tatarewicz
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PressTV... A senior official expects Iran to sign its first contract under a new formula within a month, marking a turning point in months of anticipation as the country reopens its oil and gas sector to business. Iran has named 29 international firms as being eligible to bid for oil and gas projects but they have been waiting for the country to finalize the new model, known as the Iran Petroleum Contract (IPC), before they move forward. The new model has been the subject of repeated reviews amid fears that it might compromise Iran’s national interests at the expense of making business with the country more flexible. "We expect that very soon, hopefully within a month we will ...
Sorcha on the dollar
Post Date: 2017-04-28 02:48:07 by Tatarewicz
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PMF... UN And Western Spy Chiefs In Panic After Russia Launches “First Strike” Against US Dollar In what is looking more by the hour to be a Russian “first strike” against the United States during this current “cold phase” of World War III, the Security Council (SC) is reporting today that President Putin has ordered the immediate implementation of the “Golden Tsar” attack plan against the US dollar—and that has so terrified the West, its top spy masters (the “Five Eyes Alliance”), have rushed to New Zealand for a secret meet and the UN Security Council is now rushing to the White House—but whose efforts to counter the Federation ...
Epiphany Time
Post Date: 2017-04-27 09:09:52 by Ada
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There are times when I feel pathetically lost and lonely, adrift in a sea of bewildering confusion and unnamed dreads, here in the Mogambo Bunker Of Paranoia And Despair (MBOPAD). Dispirited by the overwhelmingly bad economic outlook everywhere (and bad everything else, too) I languidly look out of the periscope, almost absent-mindedly scanning the perimeter for both real and imagined enemies. Which is not to mention, of course, watching for family members sneaking up on me, each variously wanting me to give them money, take them somewhere, or (shudder) do something useful. In such moments, I idly begin to wistfully remember the good old days of blissful naiveté about economics, ...
China becomes Brazil's biggest investor so far in 2017
Post Date: 2017-04-27 07:09:59 by Tatarewicz
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TawainTimes Xinhua RIO DE JANEIRO, April 24-- China is Brazil's biggest foreign investor so far this year, according to consulting firm Dealogic on Monday. In the first four and half months of 2017, Chinese investors spent 5.67 billion U.S. dollars on mergers and acquisitions, representing 37.5 percent of total investment in the country. Chinese investment in Brazil up to mid-April amounts to nearly half of the 11.92 billion U.S. dollars China spent in 2016. Trailing China were Argentina and Netherlands, with 1.6 billion and 1.1 billion U.S. dollars respectively. The rise in Chinese investment comes at a time when Brazil is improving its trade balance with China, thanks to ...
What Sanctions? JP Morgan and Goldman Sachs Are Among Top Three Investment Banks in Russia
Post Date: 2017-04-27 06:03:20 by Tatarewicz
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RI... Can you name the top three investment banks in Russia? The first is Russia's own VTB Capital. As of this year, the second and third are JP Morgan and Goldman Sachs. Both Goldman and J.P. Morgan subsidiary offices in Moscow lead the leaderboards of dealmakers this year as of April 20. Deals they have participated in include but are not limited to equity offerings, bond issues, and loans. Investment banking deals rose 32% in the 12 months ending April 20 compared to the same period in 2016, according Madison Avenue based consultancy Freeman & Co. Those two name brand investment houses have been riding the trend all year. VTB Capital was the market leader again with 18% of ...
Iran says early Boeing delivery cancelled
Post Date: 2017-04-27 02:52:01 by Tatarewicz
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PressTV... Iran says a plan for the early delivery of a plane from US aviation giant Boeing has been cancelled. Iran says a plan for the early delivery of a plane from US aviation giant Boeing has been cancelled. Iran says a plan for the early delivery of a plane from US aviation giant Boeing has been cancelled and the plane will not be delivered before next spring. Farhad Parvaresh, the head of the country’s national flag carrier airline Iran Air, told the domestic media that Boeing had proposed to hand over a 777-300ER by summer after Turkish Airlines withdrew its order for it. “We welcomed that proposal and started the due technical and commercial studies,” Parvaresh ...
I Have Seen The Future, And The Future Is a Free Market
Post Date: 2017-04-26 09:28:24 by Ada
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According to the news, the economy is in bad shape. See here. Look! Chain retailers going out of business! Malls closing! Whole shopping malls abandoned! Another chain retail giant bites the dust! The end is near! The shelves will be bare! Break out the sackcloth and ashes! Where will America find overpriced kitchen gadgets they’ll never use?! This is, quite simply, ridiculous. I’m probably going to get a lot of static about what I’m going to say because I’m not an “economist” (whatever that is) and I’m not an “expert”. But the truth is, the “experts” have been wrong time and again when it comes to the economy. If this were not so, ...
What the “Deep State” Is Really Up To
Post Date: 2017-04-24 19:13:11 by BTP Holdings
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What the “Deep State” Is Really Up To Posted By: Bill Bonner, Chairman, Bonner & Partners Over the weekend, the term “Deep State” lit up the search engines. Yesterday, Google counted more than 32 million inquiries. There were features on the Deep State – the “shadow government” that runs the country no matter who’s in power – in The Washington Post, The New York Times, The Atlantic, and The New Yorker. The Trump administration, too, has been focusing on the Deep State. White House Press Secretary Sean Spicer: "I think that there’s no question when you have eight years of one party in office, there are people who stay in ...
Celtuce sales slump in NW China
Post Date: 2017-04-24 07:52:56 by Tatarewicz
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en.people's.cn...The sale of celtuce in Weinan, Shaanxi province has recently experienced a sharp decline, with prices dropping to 0.4 RMB ($0.07) per kilogram this year, down from as high as 3.6 RMB in 2016. Great losses are inevitable for farmers, given a growing cost of 1,500 to 2,000 RMB per mu (666.67 square meters). More than 5,000 mu of celtuce is currently left unsold. One farmer, 66-year-old Dong Dongzhi, said he possesses 5 mu of celtuce that he hasn't been able to sell. "Somebody in my village earned just 2,000 RMB for 1.8 mu of celtuce," said Dong, adding that the price per mu is now below 1,000. en.people.cn/n3/2017/0424/c90000-9206794.html What is Celtuce ...
Trump to Sign Buy American, Hire American Executive Order (Via Enforcing Immigration Laws)
Post Date: 2017-04-17 21:52:13 by HAPPY2BME-4UM
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Order will enforce immigration laws, close loopholes, attempt to stop unfair trade practicesPresident Trump will sign a Buy American, Hire American executive order on Tuesday that will attempt to protect the American worker by enforcing immigration laws so that these workers can benefit from higher wages and greater employment as well as cutting out unfair trade practices.The first part of the order—Buy American—is based on the twin pillars of maximizing "Made in America" content and minimizing waivers and exceptions of Buy American laws."Every agency and department of government will conduct a top to bottom assessment aimed squarely at cracking down on weak ...
Saxo Bank: 60% chance of global recession within 18 months
Post Date: 2017-04-16 23:52:56 by Tatarewicz
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PMF... While markets are forecasting only a 10 percent chance of a global recession, Danish investment firm Saxo Bank puts the odds at over 60 percent. "Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the global credit impulse having peaked simultaneously with global inflation," chief economist at Saxo Bank Steen Jakobsen told CNBC. Recently, Jakobsen wrote in a note that while his company doesn't predict a recession, its economic model does see a significant slowdown as "the large credit impulse from China and Europe in the early part of 2016 has not reversed to negative." ...
How they steal our money.... America's Forgotten War Against the Central Banks
Post Date: 2017-04-16 00:37:26 by Tatarewicz
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PMF... "Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty) Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe. A note issued by a central bank, such as the Federal Reserve Note, is bank currency. These notes are given to the government in exchange for an interest-bearing government bond. The primary means to pay for the interest on these bonds is to borrow more bank notes, thus beginning a vicious cycle that ultimately ends with the complete destruction of ...
WaPo Gives Raytheon Lobbyist Free Range To Publish Pro-War Editorials
Post Date: 2017-04-14 15:07:56 by Ada
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The Washington Post has given Ed Rogers, top lobbyist for Raytheon, an outlet for his blatantly pro-war editorials. The Post has failed to disclose Roger’s ties to the weapons manufacturer - whose missiles were used in last week’s strike against Syria - generating yet another conflict of interest for the CIA-funded and Bezos-owned paper. MINNEAPOLIS – The Washington Post, the capital’s paper of record, is at again – pushing war propaganda and failing to disclose glaring conflict of interests within the paper, particularly regarding one of its contributors whose ties to the nation’s largest weapons manufacturers have been conveniently omitted from his WaPo ...
Wealth Disparity
Post Date: 2017-04-10 10:02:26 by Tatarewicz
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C2C...Host: Richard Syrett Guests Mike Sauve, Donald Jeffries American industry has been gutted, with wages and benefits stagnant or reduced, thanks to disastrous trade deals, outsourcing, and the crippling of unions, according to researcher Donald Jeffries. He joined Richard Syrett to discuss the widening income disparity in America, how more and more people are struggling economically and realizing that the system is rigged against them. We've witnessed a massive transfer of wealth into the hands of the people at the top, along with them getting all the perks, benefits, and freebies, even though they don't need them, Jeffries pointed out. The average salary in America is about ...
China Offers Concessions to Avert Trade War With U.S.
Post Date: 2017-04-10 09:30:29 by HAPPY2BME-4UM
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It appears as though the meeting between President Donald Trump and Chinese President Xi Jinping was very successful as China is now offering concessions because it realizes that a trade war will hurt them more than it hurts the United States.Reuters reports:China is prepared to raise the investment ceiling in the Bilateral Investment treaty and is also willing to end the ban on U.S. beef imports, the newspaper also reported.“China was prepared to (raise the investment ceilings) in the BIT but those negotiations were put on hold (after Trump’s election victory),” the Financial Times also reported citing a Chinese official involved in the talks.U.S. Commerce Secretary Wilbur ...
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