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Latest Articles: Business/Finance
74 new airports to be completed by 2020 in China: trips to small cities easier
Post Date: 2017-02-19 05:44:20 by Tatarewicz
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(CRI Online) China is aiming to have 74 more civil transport airports by 2020, according to a report released by the Civil Aviation Administration of China (CAAC). The report provides the blueprint and sets the goals for the development of China's civil aviation industry during the country's 13th Five-Year Plan (2016-2020) period, which outlines the government plans for economic and social development over a period of five years. The report says the country will continue to construct 30, and build 44 new, civil transport airports between 2016 and 2020, and the number of civil transport airports will reach about 260 by 2020. These projects would make trips to China's third ...
GREENSPAN: The US cannot afford to spend on infrastructure like it wants to because it's not on the gold standard
Post Date: 2017-02-16 14:47:34 by Ada
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Former Federal Reserve Chairman Alan Greenspan has again defended the gold standard monetary system that the US dropped in the 1930s. The gold standard pegged the value of the dollar to the precious metal at $35 an ounce, and the US central bank promised other central banks to exchange dollars for gold. Last July, after the UK voted to leave the European Union, Greenspan warned of a forthcoming debt crisis that would be averted if the US was on the gold standard. Proponents of the gold standard argue that it would help limit the amount of debt that governments can issue, as there's a finite amount of gold that exists in the world. President Donald Trump's infrastructure-spending ...
California’s 12,209,605 Medicaid/CHIP Enrollees Outnumber Populations of 44 States
Post Date: 2017-02-15 22:25:15 by HAPPY2BME-4UM
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California’s 12,209,605 Medicaid/CHIP Enrollees Outnumber Populations of 44 States The number of people enrolled in Medicaid and the Children’s Health Insurance Program (CHIP) in California alone exceeds the total populations of 44 of the other states of the union, according to data published by the Centers for Medicare and Medicaid Services (CMS) and the Census Bureau.http://www.cnsnews.com/news/article/terence-p-jeffrey/californias-12209605-medicaidchip-enrollees-outnumber-populations-44
Greece plans to hire Rothschild as debt adviser
Post Date: 2017-02-15 06:17:16 by Tatarewicz
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Source: RT As concerns over Greece and its debt mount, Athens has reportedly decided to call in Rothschild, one of the oldest financial firms in the world, to navigate the country’s long-running creditor stand-off and avert default. According to the Financial Times, Greek authorities hope to finalize the appointment before crunch debt talks with eurozone finance ministers on February 20. The date has been described as the last chance for a bailout review with the upcoming elections in Europe likely to dominate the EU agenda. Sources told the FT that Rothschild is expected to advise Athens on all areas connected to its debt, including negotiations with creditors, potential ...
Google paid car unit staffers so much money that they quit
Post Date: 2017-02-14 08:30:00 by Ada
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What happened when Google paid staffers in its Waymo car unit millions of dollars? They quit. The Mountain View-based company introduced a unique pay structure in 2010 after it revealed its first self-driving vehicle. In addition to cash salaries, some Google car unit staffers were given bonuses and equity in the business, according to Bloomberg. The compensation package was meant to tie employees' payoffs to project performance. But some of the awards resulted in multimillion-dollar payments after Google applied a multiplier to the value of the bonuses. The multiplier was based on periodic valuations of the division, Bloomberg sources stated. One member of the team had a multiplier ...
Trump Concerned There Are Too Many "Goldman Guys" On His Team
Post Date: 2017-02-13 15:21:25 by Ada
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Two days after democratic senators Elizabeth Warren and Tammy Baldwin sent a letter to Goldman CEO Lloyd Blankfein, asking if Goldman effectively runs the country through its extensive alumni links at the Trump administration, and requesting details on "lobbying" activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule on financial advice, as well as asking for any communication between the bank's employees and Cohn, Mnuchin, nominee for the SEC chair Jay Clayton and chief strategist Steve Bannon, Bloomberg reported overnight that yet another Goldman banker, Jim Donovan, was under consideration for the No. 2 job at the Treasury ...
Why Renewables Are Doomed and Fossil Fuels Are the Future
Post Date: 2017-02-10 10:20:11 by Ada
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We’re on the verge of a new energy revolution. Except it’s the exact opposite of the one the “experts” at places like BP, the International Energy Agency and – ahem – the Guardian are predicting. For years we’ve been assured by politicians, energy industry specialists and green advocates that renewables such as the wind and solar are getting more and more cost-competitive while dirty fossil fuels are so discredited and wrong and evil we’ll soon have to leave them in the ground. But to believe this you’d have to believe in a world where Donald Trump and Brexit hadn’t happened; where taxpayers were still prepared to bankroll, ad infinitum, ...
General Motors tries back door sneak to return to Russia
Post Date: 2017-02-08 06:06:48 by Tatarewicz
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RT... America's biggest automaker GM wants to come back to the Russian low-budget car market, but it may need to rebrand its vehicles and deliver them via Uzbekistan, reports Life.ru. Read more AvtoVAZ Lada 4x4 SUV Russian automaker kicks off exports to China & UAE GM was forced to leave Russia in 2015 due to US-imposed sanctions against the Kremlin. The carmaker may return using the GM-Uzbekistan subsidiary, and is negotiating with a Russian Derways plant, which assembles Chinese cars, the media reported. If the talks are successful, GM-Uzbekistan will deliver low-budget Chevrolet cars to Russia under the Ravon brand. The Chevy Cobalt will be rebranded the Ravon R4, the Spark - ...
Japan’s Sharp planning to build $7bn LCD plant in US
Post Date: 2017-02-08 05:54:14 by Tatarewicz
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RT... The Japanese display maker Sharp may invest in a $7 billion factory to make display screens in the United States in the first half of 2017, Reuters reported citing its sources. Read more Tundra pick-up trucks are pictured at a dealership in Glendale, California. © Mario Anzuoni Japan PM Abe prepares US trade offer ahead of Trump meeting The project was initially outlined by Sharp’s parent company, Taiwanese tech giant Foxconn. The company’s CEO Terry Gou said last month that Foxconn was considering investing in a $7 billion display-making factory in the US. He added the company had been planning to build the facility for years. "The investment will be by a ...
Minimum Wage Hikes Will Lead to 1.8 Million Job Losses
Post Date: 2017-02-05 09:52:17 by HAPPY2BME-4UM
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Minimum wage increases over the next several years will result in 1.8 million job losses, according to a report from the American Action Forum.By July of this year, 22 states and the District of Columbia will have implemented minimum wage increases. In just 2017 alone, wage increases will lead to 383,000 job losses.While the goal of increasing the minimum wage is to increase earnings for low-income individuals, the report finds that the additional earnings transferred from the job losers to the job keepers is minimal. For example, minimum wage hikes are projected to increase earnings by only $6,900, which would be split among all employees affected by the increase."While proposals to ...
Donald Trump gets high praise from ex-GE exec Welch
Post Date: 2017-02-04 07:21:54 by HAPPY2BME-4UM
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Retired General Electric CEO Jack Welch says his two-hour White House meeting with President Trump and other business executives “far exceeded my expectations” and covered issues ranging from immigration to financial regulations to women in the workplace.“I’m telling you it was one of the best meetings I’ve ever been to in my life in terms of real stuff, real issues being discussed,” Welch told the Herald by phone last night. “No phony baloney. Nothing like that.”Welch said he has met with nearly every president since 1981, and found Trump surprisingly well-versed on topics, engaged and genuinely focused on the task of creating jobs.“Real guy and ...
Starbucks CEO Attacks Trump And Stocks Nosedive After Boycotts Ensue
Post Date: 2017-02-03 18:13:38 by HAPPY2BME-4UM
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And the public erupted on Twitter. They weren’t any too happy to have their POTUS blasted by the coffee exec. @CNN @Starbucks I'm sure US citizens that need jobs appreciate ur discrimination against them #DunkinDonutsHasBetterCoffee #BoycottStarbucks — Slowly but (@shirlmercy) January 30, 2017 #starbucks Why don't you hire the vets instead of refugees who might really ruin your business? #BoycottStarbucks googletag.cmd.push(function() { googletag.display('div-gpt-ad-899198631186649948-6'); }); — Marilynn Randall (@emjayr1942) January 30, 2017 When .@Starbucks puts refugees before Americans safetyTime for me to #BoycottStarbucksSales will drop from me ...
Chinese automaker JAC to produce cars in Mexico
Post Date: 2017-02-02 05:38:10 by Tatarewicz
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MEXICO CITY, Feb. 1 (Xinhua) -- Mexican authorities announced Wednesday that Chinese automaker JAC would soon begin producing cars in the central Mexican state of Hidalgo. Hidalgo Governor Omar Fayad announced the 4.4-billion-peso (212-million-U.S.-dollar) deal between Mexico's Giant Motors Latinoamerica and Chinese state-owned automaker JAC Motors at a press conference in the capital. Under the deal, Mexico will begin assembling Chinese cars in March at a plant in Ciudad Sahagun, about 60 km northeast of Mexico City and the first cars are expected to roll off assembly lines in the second half of this year. Mexico's Minister of Economy Ildefonso Guajardo said that the deal came ...
Johnny Depp almost ruined by lavish spending: lawsuit
Post Date: 2017-02-01 11:04:04 by HAPPY2BME-4UM
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Johnny Depp's lavish spending -- including $3 million to blast author Hunter S. Thompson's ashes from a cannon -- led him to the brink of financial ruin, according to an explosive lawsuit filed Tuesday.Over the best part of two decades, the 53-year-old actor has been spending $2 million a month, according to The Management Group (TMG), which is suing the star in Los Angeles for an unpaid loan.The "Pirates of the Caribbean" actor is alleged to have forked out $75 million on 14 homes, including a 45-acre (18-hectare) French castle, a chain of Bahaman islands, several Hollywood homes, penthouse lofts in downtown LA and a horse farm in Kentucky.Since 2000, the Oscar-nominated ...
…”There are trillions of dollars at stake”… President Trump Enters Phase II: “Hire American” – Wall Street/GOPe Prepares to Fight Back…
Post Date: 2017-01-31 12:08:06 by HAPPY2BME-4UM
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President Trump Enters Phase II: “Hire American” – Wall Street/GOPe Prepares to Fight Back…Posted on January 30, 2017 by sundance …”There are trillions of dollars at stake”… In addition to the content, pay close attention to the timing of policy delivery and the sequencing within the policy delivery. With the outline of the visa suspension as lead-in toward a security policy, President Trump is also now entering economic policy phase 2. It is all connected. Within the larger economic construct of “America First”, the underlying supportive policy is easily seen as “Buy American, and Hire American”. For the ...
Iran to ditch dollar as anger builds over Trump ban
Post Date: 2017-01-31 05:49:47 by Tatarewicz
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Presstv... Valiollah Seif, the governor of the Central Bank of Iran, says the country would soon ditch the dollar in its official statements. Valiollah Seif, the governor of the Central Bank of Iran, says the country would soon ditch the dollar in its official statements. Iran says it is preparing to stop using the dollar in its official statements – a move that had been in the offing but appears to have been expedited after Washington included the country in a list of seven nations that are banned from entering the United States. Valiollah Seif, the governor of the Central Bank of Iran, was quoted by domestic media as saying that Iran would either replace the US dollar with a new ...
Trump signs executive order to slash regulations
Post Date: 2017-01-30 12:29:00 by Ada
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U.S. President Donald Trump signs an executive order cutting regulations, accompanied by small business leaders at the Oval Office of the White House in Washington U.S. WASHINGTON (Reuters) - President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced. "This will be the biggest such act that our country has ever seen. There will be regulation, there will be control, but it will be normalized control," Trump said as he signed the order in the Oval Office, surrounded by a group of small business owners. Trump's latest executive action will ...
WHY HOLLYWOOD AS WE KNOW IT IS ALREADY OVER
Post Date: 2017-01-30 09:17:02 by Ada
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With theater attendance at a two-decade low and profits dwindling, the kind of disruption that hit music, publishing, and other industries is already reshaping the entertainment business. From A.I. Aaron Sorkin to C.G.I. actors to algorithmic editing, Nick Bilton investigates what lies ahead. I. THE RAINDROP MOMENT A few months ago, the vision of Hollywood’s economic future came into terrifyingly full and rare clarity. I was standing on the set of a relatively small production, in Burbank, just north of Los Angeles, talking to a screenwriter about how inefficient the film-and-TV business appeared to have become. Before us, after all, stood some 200 members of the crew, who were ...
Pound, Dollar, Euro And Yen Will Be Worthless Within Five Years
Post Date: 2017-01-29 11:08:56 by Ada
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The new US Administration has taken over with the conviction that they will “make America great again”. I really wish they will succeed because a strong US would be good for the world. Sadly, the odds of achieving that admirable objective are totally stacked against them. At the end of the next 4 years, there is a risk that this Administration will be more hated than any government since Carter and possibly even more disliked than Hoover. Trump unlikely to reverse 100 years of mismanagement The coming unhappiness with Trump and his team will not arise because of the actions they take. They will clearly do everything in their might to make America great again. But the ...
Dow 20k! First Time in 120-year history Trump Boom!
Post Date: 2017-01-25 11:52:49 by HAPPY2BME-4UM
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The Dow Jones Industrial Average broke through 20,000 points for the first time at the start of trading Wednesday morning, reaching a new milestone and continuing an extraordinary run that began on the morning after Donald Trump won the presidential electionhttp://www.breitbart.com/big-government/2017/01/25/dow-jones-industrial-average-breaks-20000-first-time/
Norwegian bank tests 'Islamic loan' concept
Post Date: 2017-01-23 04:41:38 by Tatarewicz
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thelocal.no Norwegian bank Storebrand is offering new ‘halal loans’ based on Islamic principles. The bank recently created a website promoting ‘ethical loans’ for home financing without interest. The bank writes that it is testing the idea of interest-free loans in part to appeal to Muslim home buyers who may not want to accept a traditional loan because of their faith. Islam prohibits charging interest or fees on financial loans. “We wanted to find out if there could be another way to enter a housing market with rising prices. The product could appeal to young people, new graduates or people who can not accept normal housing loans because of religious ...
Renewables a big boost for GE's profits
Post Date: 2017-01-23 00:04:49 by Tatarewicz
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Jan. 20 (UPI) -- Gains in the renewable energy sector and deals in exploration and production helped boost fourth quarter profits substantially, General Electric said Friday. GE said its earnings during the fourth quarter increased to about $3.5 billion, against the $2.6 billion reported during the same period last year. By sector, the company's renewable energy sector saw total revenues increase 29 percent to $2.5 billion. "We executed on our 2016 goals and continued to drive growth across our businesses," Chairman and CEO Jeff Immelt said in a statement. On the renewable energy front, the company announced at least $1.6 billion in acquisitions of wind power rivals and ...
Trump Expected to Sign 'Audit the Fed' Bill Reintroduced in Congress
Post Date: 2017-01-22 21:08:46 by Tatarewicz
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RI... There's never been a better chance to audit the Federal Reserve. But will Trump keep his word? Donald Trump has openly stated his support for auditing the Federal Reserve, which is largely exempt from GAO audits and oversight, and, aside from our beloved intelligence community, is probably one of the least transparent parts of our glorious Deep State. And now, a bill that will change all of this has been reintroduced in Congress. And this time, it has a fighting chance of making it all the way to the Oval Office. According to a press release issued by the office of Senator Rand Paul, On Tuesday, U.S. Senator Rand Paul reintroduced his Federal Reserve Transparency Act, widely ...
Will the Khazar Bankers try to tank the US economy now?
Post Date: 2017-01-22 20:10:38 by Tatarewicz
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One Big, Fat, Ugly Bubble Submitted by Nick Giambruno via CaseyResearch.com, The establishment is setting up Donald Trump. The mainstream media hates him. Hollywood hates him. The “Intellectual Yet Idiot” academia class hates him. The CIA hates him. So does the rest of the Deep State, or the permanently entrenched “national security” bureaucracy. They did everything possible to stop Trump from taking office. None of it worked. They fired all of their bullets, but he still wouldn’t go down. Of course, the Deep State could still try to assassinate Trump. It’s obvious the possibility has crossed his mind. He’s taken the unusual step of supplementing ...
E-PAPER Archives Toshiba - yet another Japanese giant falls from grace
Post Date: 2017-01-22 02:49:28 by Tatarewicz
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AND so now it's Toshiba Corp. Another giant brought to its knees from the ranks of Japan's corporate behemoths that once ruled the world. Toshiba's shares have lost about half their value since the company said last month it may face a writedown at its US nuclear power business, a piece of bad news that came on top of a recent accounting scandal at the company. The scale of the writedown has now ballooned to around US$6 billion, forcing Toshiba - which makes a smorgasbord of products from semiconductors and laptops to washing machines and power plants - to ask banks for aid and look at selling stakes in its chip business. Stop me if you've heard this before. Sharp Corp., ...
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