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Latest Articles: Business/Finance
Business professor to pay $100 million tax penalty for offshore accounts
Post Date: 2016-11-06 06:11:16 by Tatarewicz
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ROCHESTER, N.Y., Nov. 5 (UPI) -- A University of Rochester professor emeritus will pay a $100 million tax penalty for hiding funds in offshore banks, the Department of Justice said. Dan Horsky, a 71-year-old emeritus professor of business administration, amassed millions of dollars by investing in start-up companies through offshore banks including one in Zurich, Switzerland, which contained $200 million, according to the Justice Department. Horsky created a nominee entity known as "Horsky Holdings" along with accounts at the bank in Zurich to conceal his financial transactions and financial accounts from the IRS and the U.S. Treasury Department and avoid paying required taxes, ...
Gold Rally Is Significant …
Post Date: 2016-11-03 06:02:25 by BTP Holdings
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Gold Rally Is Significant … Larry Edelson | Wednesday, November 2, 2016 at 4:00 pm If you’re a gold bug, then you’re loving this rally: A rally forecast by my AI (Artificial Intelligence) forecasting models, right on the heels of a bullseye forecast for the prior decline. In fact, here’s the chart I showed you a couple weeks ago. You can clearly see how gold bottomed right on cue and how the rally got started, also right on cue. wave21102 Now gold is pushing the $1,300 level and silver the $19 level. Mining companies are following suit with healthy rallies. So, is this rally just a fluke, nervousness over the elections? I don’t think so, because the crazy, ...
Time Warner, AT&T CEOs Make Case for $85 Billion Merger
Post Date: 2016-10-31 18:05:00 by BTP Holdings
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Time Warner, AT&T CEOs Make Case for $85 Billion Merger Image: Time Warner, AT&T CEOs Make Case for $85 Billion Merger Randall Stephenson, chief executive officer of AT&T, and Jeff Bewkes, head of Time Warner. (Photo: Reuters) By R Williams | Monday, 31 Oct 2016 09:50 AM The chief executives of AT&T Inc. and Time Warner Inc. said the proposed $85.4 billion merger of the media and telecom giants will be good for consumers and should be approved by regulators. “We’re actually trying to bring prices down,” Randall Stephenson, chief executive officer of AT&T, told The Wall Street Journal’s Rebecca Blumenstein. The cable company is in the process of ...
GE Oil & Gas grabs hold of Baker Hughes
Post Date: 2016-10-31 09:24:14 by Tatarewicz
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HOUSTON, Oct. 31 (UPI) -- Oilfield services company Baker Hughes said Monday it ends October as a new company after joining forces with the oil and gas division of General Electric. Word of the deal between the two companies surfaced last week, though GE Oil & Gas said it was not necessarily in merger talks with Baker Hughes. With both sides agreeing unanimously on the arrangement, GE Oil & Gas takes a 62.5 percent stake in Baker Hughes for an entity with combined revenue of $32 billion. "With employees of Baker Hughes and GE Oil & Gas coming together, the new company will be an industry leader, well-positioned to compete in the oil and gas industry while pushing the ...
The Morgan Report’s Weekly Perspective
Post Date: 2016-10-30 13:58:57 by BTP Holdings
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The Morgan Report’s Weekly Perspective October 29, 2016 The Morgan Report’s Weekly Perspective | www.themorganreport.com The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free weekly e-letter… www.themorganreport.com/joinfreelist I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors. The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve ...
"America 2017: The land of the intolerant and the home of the cowards"
Post Date: 2016-10-30 13:16:17 by BTP Holdings
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Once upon a time, America used to be a place of free expression... But it's now a breeding ground for touchy critics who can't stomach any kind of opinion that strays from their close-minded views. Honestly, I don't care who I offend... Because I am NEVER going to be silenced. Given our new "politically correct" society, I wasn't at all shocked when the haters started coming after me. I don't screen anything I say or do, so I can't put my finger on exactly what displeased them so. It could be because I despise ignorant people... Or that I think the mainstream media is brainwashing innocent people every day... Or because I've created a new, ...
Comma.ai cancels self-driving car tech after concerns from U.S. regulators
Post Date: 2016-10-30 07:55:09 by Tatarewicz
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Comma.ai founder and former hacker, George Hotz, announced his company's after market self-driving car kit, the "Comma one," has been canceled following concern from the National Highway Traffic Safety Administration. The NHTSA worried the product might be used "in a manner that exceeds its intended purpose," placing users and other drivers in danger. Photo courtesy of Comma.ai SAN FRANCISCO, Oct. 29 (UPI) -- Comma.ai founder George Hotz announced he has canceled his project to create an after market self-driving car kit after government concern. Hotz, who gained notoriety for jailbreaking the first iPhone, shared a series of tweets in response to a letter from ...
Iran’s oil sales to Asia up 92%
Post Date: 2016-10-30 07:42:50 by Tatarewicz
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PressTV... Figures released by Iran’s Ministry of Petroleum show the country’s oil exports for August jumped by 92 percent year-on-year. Figures released by Iran’s Ministry of Petroleum show the country’s oil exports for August jumped by 92 percent year-on-year. Iran has reported a whopping jump in its oil exports to Asia, emphasizing that its supplies to the world’s largest consumption zone are now much closer to pre-sanctions levels. Iran’s Ministry of Petroleum in an announcement said exports of crude oil to Asian clients for August stood at around 1.7 million barrels per day (mb/d). The figure showed an increase of 92 percent year-on-year, the Ministry ...
EU-Canada summit to take place Sunday: Tusk
Post Date: 2016-10-29 05:33:04 by Tatarewicz
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BRUSSELS, Oct. 28 (Xinhua) -- The European Union (EU)-Canada summit will take place on Sunday, European Council President Donald Tusk tweeted late Friday. "Mission accomplished! Just agreed with (Canadian) PM Justin Trudeau to hold EU-Canada Summit this Sunday," Tusk said. The remarks shortly came after all Belgian regional parliaments voted in favor of the Comprehensive Economic and Trade Agreement, or CETA, on Friday. Belgium's French-speaking region of Wallonia, with a population of 3.5 million, has been the biggest obstacle of CETA signing as Belgium's backing asked for unanimity from all regional parliaments under the country's complex federal legislative ...
Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills
Post Date: 2016-10-28 23:53:14 by Tatarewicz
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Zero Hedge/PMF... While several years ago it was perhaps debatable in polite society that Venezuela’s socialist economy would collapse ultimately unleashing hyperinflation, any doubt was put to rest early this year when the IMF’s own inflationary forecast confirmed as much. However, while the international community had long accepted the inevitable fate of Maduro’s socialist paradise, the local government sternly refused to admit reality and to avoid confirming what the local population already knew, it insisted on keeping the highest denomination bill in circulation at 100 bolivars, whose worth is approximately 8 cents on the black market, turning the most basic ...
3-D-Printed Organ-On-A-Chip with Integrated Sensors
Post Date: 2016-10-27 01:43:37 by Tatarewicz
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TEHRAN (FNA)- Harvard University researchers made the first entirely 3D-printed organ-on-a-chip with integrated sensing. Built by a fully automated, digital manufacturing procedure. The 3D-printed heart-on-a-chip can be quickly fabricated in customized form factors allowing researchers to easily collect reliable data for short-term and long-term studies. This new approach to manufacturing may one day allow researchers to rapidly design organs-on-chips, also known as microphysiological systems, that match the properties of a specific disease or even an individual patient's cells. The research is published in Nature Materials. "This new programmable approach to building ...
Iran signs deals with German, Swiss insurers
Post Date: 2016-10-27 01:07:37 by Tatarewicz
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PressTV... The lifting of sanctions has cleared the way for resumption of insurance services to Iran. Iran has signed initial agreements with Germany’s Hermes insurance firm and Swiss Export Risk Insurance (SERV) to provide cover for transactions with Europe, IRNA news agency says. The Export Guarantee Fund of Iran (EGFI) signed the agreements in Lisbon on the sidelines of the annual meeting of Bern Union, an association of private and state export credit insurers from around the world, it reported Wednesday. Under the agreement, the Iranian and European sides will cooperate on “exchange of economic, trade and banking information, reinsurance coverage, coinsurance, and ...
The Biggest Russian Move Since Crimea That Went Unnoticed
Post Date: 2016-10-24 22:45:20 by Tatarewicz
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We live in a matrix imposed on us by the West. In it we are assigned a very narrow line, stepping out of which is only possible with the permission of Washington or Brussels. In this world we are forced to be gray, miserable, with no outstanding achievements. Any attempt to demonstrate some progress is either blocked or smeared in mud. The most striking example — the story with a monument to Ivan the Terrible. Meanwhile we are imposed very dubious heroes who are not so much Russian, but Western, and here is a classic example — Mannerheim. And it would be fine if they were only imposed by the West, but we ourselves are acting in the same fashion. The fact is those real ...
The Lithium Boom Story You're NOT Being Told
Post Date: 2016-10-23 10:47:35 by BTP Holdings
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The Lithium Boom Story You're NOT Being Told The one and ONLY move to turn $10,000 into $1 million on the lithium energy boom. While most investors “in the know” will miss out on this virtually unknown 100-bagger play... I’ve already shown a small group of my readers 1,667% gains on lithium in four months — and we’re just getting started... Poster Comment:Video at source.
Saudi Arabia launches $17.5bn bond sale
Post Date: 2016-10-20 01:19:01 by Tatarewicz
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PressTV... Saudi Arabia has launched the sale of $17.5 billion of debt in what would be the largest emerging-market bond issue. Saudi Arabia has launched the sale of $17.5 billion of debt in what would be the largest emerging-market bond issue. Saudi Arabia has conducted what is seen as the largest-ever emerging market bond sale. The kingdom on Wednesday sold $17.5 billion of debt in the government's first international offer while attracting investor orders totaling almost four times that amount. The huge demand, larger than many market participants had expected, was partly due to ultra-low global interest rates and funds' frustration with a lack of high-yielding assets around ...
China cuts U.S. treasuries holding in August
Post Date: 2016-10-19 04:49:32 by Tatarewicz
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WASHINGTON, Oct. 18 (Xinhua) -- China, the top buyer of U.S. Treasury securities, cut its holding in August for three months running, the latest data from the U.S. Treasury Department showed on Tuesday. China shed its treasuries holding by 33.7 billion U.S. dollars in August, with the total holding down to 1.1851 trillion U.S. dollars. It has cut its treasuries holding for three consecutive months. Japan, the second largest foreign holder of U.S. treasuries, also cut its holding by 10.6 billion dollars to 1.144 trillion dollars in August. By the end of August, overall foreign holdings of U.S. Treasury securities dropped to 6.1964 trillion U.S. dollars from July's 6.2479 trillion ...
China, Uruguay establish strategic partnership
Post Date: 2016-10-19 04:39:55 by Tatarewicz
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BEIJING, Oct. 18 (Xinhua) -- Chinese President Xi Jinping and his Uruguayan counterpart Tabare Vazquez on Tuesday agreed to establish a strategic partnership based on respect, equality and mutual benefit. The two heads of state made the decision during talks in the Great Hall of the People in Beijing following a red-carpet welcome ceremony. Xi urged China and the Latin American country to maintain high-level exchanges and enhance communication at all levels to promote mutual understanding and trust. China appreciates Uruguayan support for the Belt and Road initiative, and hopes both sides will strengthen integration of development strategies to upgrade economic and trade ties, said Xi. ...
Bank employee awared $100-million for disclsing tax dodgers
Post Date: 2016-10-19 00:52:33 by Tatarewicz
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C2C... In the first half, retired financial industry professional Bradley Birkenfeld discussed how he blew the whistle on decades of dirty dealings by Swiss banks — and brought down a corrupt system that enabled powerful, moneyed people to hide assets and evade taxes. His testimony helped the US Treasury recover $15 billion in back taxes, fines and penalties -- and forever ended offshore banking as we know it. While the privacy of the Swiss bank accounts began as a positive thing, by the 1960s and 70s, abuse started to become rampant, especially with the globalization of the world. It wasn't just the wealthy in the US, but people around the world like African dictators who were ...
Volatility Could Explode in a Matter of Weeks (in stocks)Make
Post Date: 2016-10-18 20:40:46 by BTP Holdings
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Volatility Could Explode in a Matter of Weeks By Jim Rickards Volatility is waiting to explode due to unstable currency exchange rates, bank liquidity crises, geopolitical uncertainty, and a wild U.S. election cycle. One or more of these potential sources of instability are ready to pop-up on the markets like a tightly jammed jack-in-the-box when someone unlocks the lid. The key to profits is to understand how to use volatility as a trading strategy. If you act now, you could reap huge rewards in a matter of weeks. Most investors have some familiarity with trading specific instruments such as stocks, bonds, and gold. Investors also understand how options can be used to limit losses, ...
The Kondratieff Cycle (economic cycles)
Post Date: 2016-10-17 18:16:47 by BTP Holdings
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The Kondratieff Cycle Geir Solem 12/01/2009 Economical cycles and demographics point down over the next few years. Demographic trends In my Global Forecast published in Financial Sense 21st of August 2009, I pointed out that the spending wave for the US and Europe (incl. Eastern Europe) has topped relative to the rest of the world. The peak was around 2007-2008 and the trend will be down until 2024-2025. In this article I analyse major economical cycles and show how they fit into the declining demographics in the western part of the world. The Kondratieff Cycle. The Russian economist Nikolai Kondratieff was the father of applying cyclical activity to economics in modern times. In ...
A sociologist trained to become a tax-avoidance expert — here's what she learned about how the ultra wealthy keep their money
Post Date: 2016-10-16 15:52:46 by Ada
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Shakespeare said that all the world’s a stage, but the sociologist Erving Goffman added that most of the interesting stuff lies behind the scenes, in what he called the “backstage” areas of everyday life. Having spent the past eight years doing research on the international wealth-management profession, I have to agree with Goffman: The most revealing information comes from the moments when people stop performing and go off-script. Like the time one of the wealth managers I interviewed in the British Virgin Islands lost his composure and threatened to have me thrown out of the country. His ire arose from an unexpected quarter: He took offense to my use of the term ...
Chinese overseas acquisitions continue despite global decline in VC funding: report
Post Date: 2016-10-16 07:33:14 by Tatarewicz
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BEIJING, Oct. 14 (Xinhua) -- Global venture capital (VC) investment declined in the third quarter of this year, but Chinese VC investors continued to actively look for overseas acquisitions, according to a recent report. Global VC investment in Q3 declined 14 percent from the previous quarter, to 24.1 billion U.S. dollars, the lowest quarterly funding total since 2014 Q3, according to a quarterly global report on VC trends published jointly by KPMG International and CB Insights. In China, 84 VC investment deals were recorded in Q3 totalling 3.9 billion U.S. dollars, compared to 79 deals worth a total of 5.7 billion U.S. dollars three months earlier. Chinese VC investors are focusing on ...
The Elite Solution: Three New Ways To Get Inflation
Post Date: 2016-10-13 19:44:59 by BTP Holdings
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The Elite Solution: Three New Ways To Get Inflation By Jim Rickards The greatest debt debacle of all time is staring us in the face. Don’t take it from me. The IMF agrees. It’s one thing when frantic voices out of the mainstream warn about an impending debt apocalypse. It’s quite another when an elite mainstream source says the same thing. That’s what happened recently. A new IMF report that highlights the fact that global debt is now $152 trillion and the global debt-to-GDP ratio is 225%. Both figures are considerably higher than they were both before and immediately after the last financial crisis. One of the persistent myths since the Panic of 2008 is that the ...
David Stockman: Brace for Hillary Impeachment, Recession, Market Collapse in 'Nasty' New Year
Post Date: 2016-10-13 19:22:29 by BTP Holdings
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David Stockman: Brace for Hillary Impeachment, Recession, Market Collapse in 'Nasty' New Year Image: David Stockman: Brace for Hillary Impeachment, Recession, Market Collapse in 'Nasty' New Year (Getty/Saul Loeb) By F McGuire | Wednesday, 12 Oct 2016 03:14 PM Reagan Budget Director David Stockman warns that the nation will plunge into a recession, even though Hillary Clinton will win the presidential election. While many analysts believe the stock market will rally in the wake of a Clinton victory, the author of "Trumped! A Nation on the Brink of Ruin" believes the economy is doomed regardless of the result. The former director of the Office of Management ...
South Korea to Help Iran Build Wind Power Plant
Post Date: 2016-10-13 06:42:50 by Tatarewicz
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TEHRAN (FNA)- Tehran and Seoul signed a memorandum of understanding (MoU) to broaden their cooperation on the construction of wind power plants in Iran. The MoU was signed between the South Korean investors and the Iranian companies on Tuesday. The South Korean investors have declared interest to help the Iranian companies to build a 100-megawatt wind power plant in the Mil-E Nader region to the North of Sistan and Balouchestan province in Southern Iran. According to the cooperation documents signed between the local companies and Korean investors, $220 million of investment is needed to be absorbed to build the wind power plant in an area of 100 square kilometers. Nowadays, utilizing ...
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