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Latest Articles: Business/Finance
U.S. halts Alaskan oil drilling for two years
Post Date: 2015-10-18 22:37:59 by Tatarewicz
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WASHINGTON, Oct. 17 (UPI) -- The Obama administration canceled offshore drilling in Alaska's Arctic Ocean for the coming two years after scrapping current and future drilling plans in the Chukchi and Beaufort seas. The Department of the Interior announced it is canceling two lease sales it had planned for the next two years for Arctic drilling rights and denied requests from two oil companies to extend leases on drilling rights. It comes less than a month after Shell Oil pulled its drilling operation out of the Arctic, citing disappointing results and high costs. "In light of Shell's announcement, the amount of acreage already under lease and current market conditions, it ...
BREAKING: Pentagon Insider Reports Collapse of International Monetary System Now Imminent
Post Date: 2015-10-18 12:59:49 by BTP Holdings
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BREAKING: Pentagon Insider Reports Collapse of International Monetary System Now Imminent If you are at all concerned about the U.S. dollar or you own any assets (like stocks or bonds) priced in it, then an urgent new warning from Jim Rickards is worth paying attention to. Mr. Rickards is well-known as a New York Times best-selling author and from his TV appearances, but his experience actually spans 35 years on Wall Street, and he still manages a hedge fund now. Less well-known is his extensive work within the government, where he’s been an adviser to the Office of the Director of National Intelligence, which oversees the NSA, the CIA and 14 other U.S. intelligence agencies. ...
Wind power sweeps past 2014 output total in Germany
Post Date: 2015-10-18 04:58:18 by Tatarewicz
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thelocal.de...Germany's wind power generation by September surpassed last year's total, thanks to favourable weather conditions and an expansion of wind farms, industry bodies said Thursday. The cumulative total production from land-based and offshore wind farms so far this year was 59 billion kilowatt hours, topping the 57.4 billion kilowatt-hours (kWh) for all of 2014. Wind power's share of national electricity output rose to 12.9 percent between January and July, from a share of 8.9 percent for all of last year. Almost every month saw a year-on-year rise, said the German Association of Energy and Water Industries (BDEW) and the Centre for Solar Energy and Hydrogen ...
China overtakes US in Hurun's dollar billionaire list
Post Date: 2015-10-17 22:06:59 by Tatarewicz
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China overtakes US in Hurun's dollar billionaire list Chen Man-nung and Staff Reporter 2015-10-17 12:13 (GMT+8) Wanda chair Wang Jianlin has reclaimed the No. 1 spot in Hurun's latest list. (File photo/CNS) Wanda chair Wang Jianlin has reclaimed the No. 1 spot in Hurun's latest list. (File photo/CNS) China has created more dollar billionaires than the United States this year for the first time mainly due to the country's booming equity market despite the economic slowdown, according to the Hurun Rich List 2015 released on Oct. 15 by the Hurun Research Institute. According to Hurun's annual China rich list, the number of dollar billionaires in China stands at 596 ...
Big Bad October … Time Machines … Gold & Silver
Post Date: 2015-10-17 18:57:30 by BTP Holdings
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Big Bad October … Time Machines … Gold & Silver Money and Markets | Saturday, October 17, 2015 at 7:30 am Here’s a quick, executive summary of stories from this past trading week, with a link to the full articles online. October Crashes, Collapses and Upheavals Is there a cycle — or combination of cycles — that, due to patterns deeply embedded in history, come together in the 10th month more often than mere chance would dictate? Dr. Martin Weiss explores historic October upheavals. Could Cars Become Time Machines? While the technology to meet your high school mom or straighten out your grown kids still doesn’t exist, the rise of autonomous vehicle is ...
Alibaba launches this year's Singles Day sales campaign
Post Date: 2015-10-16 02:34:25 by Tatarewicz
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Want... Chinese e-commerce giant Alibaba is eyeing the global market with its annual Nov. 11 "Singles Day" shopping blowout this year, CEO Daniel Zhang said at a launch event in Hangzhou on Oct. 13. Representatives from 39 countries gathered at Alibaba's headquarters in the city for the launch of this year's campaign to promote online sales on Nov. 11, which totaled a record 57.1 billion yuan (US$9 billion) in sales last year. "Globalization will be the main theme of the Nov. 11 sales this year and in coming years. If consumers check the Taobao and TMall apps on their phones, they will discover merchandise from around the world, which is more attractive than just ...
$3,248,723,000,000: Federal Taxes Set Record in FY 2015; $21,833 Per Worker; Feds Still Run $438.9B Deficit
Post Date: 2015-10-15 20:29:33 by HAPPY2BME-4UM
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The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today.That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September.It is also up about $207,713,560,000 in constant 2015 dollars from the $3,041,009,440,000 in revenue (in 2015 dollars) that the Treasury raked in during fiscal 2014. .insert-box .insert-caption { max-width:789px; } @media (max-width: 789px) { .insert-box .insert-caption { width: 100%; } } Even as the Treasury was hauling in a record $3,248,723,000,000 in tax revenues in ...
My Mantra for the Markets: First There, Now Here
Post Date: 2015-10-14 21:47:12 by BTP Holdings
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My Mantra for the Markets: First There, Now Here Mike Larson | Wednesday, October 14, 2015 at 4:20 pm “First There, Now Here.” That’s my mantra for the economy and the markets. By that I mean, the economic and market turmoil started predominantly overseas. I’ve chronicled the meltdowns in several emerging markets like Russia, South America and Asia. I’ve also written about the more recent widespread deterioration in conditions in China — the world’s second-largest economy. But unlike most of the conventional Wall Street crowd, I’ve also said the problems won’t stay bottled up overseas. They’ll wash up on our shores. Hence the ...
HERE'S WHAT FREE TRADE DID FOR AMERICA - China now has more people in the top 10% of global wealth holders than any other country
Post Date: 2015-10-14 15:30:22 by HAPPY2BME-4UM
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A model on a luxury yacht at a boat show in the port of Dalian. China now has more people in the top 10% of global wealth holders than any other country. China now has more people in the top 10% of global wealth holders than any other country except for the US and Japan, having moved into third place in the rankings by overtaking France, Germany, Italy and the United Kingdom. Click for Full Text!
WalMart Carnage: Stock Plummets Most In 17 Years After Slashing Earnings Guidance, Blames Wage Hikes
Post Date: 2015-10-14 13:35:43 by HAPPY2BME-4UM
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Do you see what happens Larry when Wal-mart succumbs to "progressive" pressure and hikes wages? This: WMT CFO: NEW HIRES TO START AT $10 PER HOUR NEXT YEARWMT CFO: 2017 RISE IN WAGES TO COST $1.5BWMT PLANS REDUCTION IN CAPITAL EXPENDITURES THROUGH FY19WAL-MART SEES FY2017 EPS DECREASING 6-12% VS FY2016 More from Reuters: Company says strong dollar expected to hurt full-year revenue by $15 blnCompany says full-year net sales growth expected to be "relatively flat", mainly due to strong dollar; Walmart had earlier forecast 1-2 pct growthSays expects fiscal 2017 earnings per share to fall by 6-12 pct due to higher wages and training costsCompany's $20 bln share buyback ...
Global oil demand growth to slow in 2016: IEA
Post Date: 2015-10-14 05:45:04 by Tatarewicz
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Yahoo... Paris (AFP) - The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, likely keeping the crude market oversupplied, the International Energy Agency (IEA) said Tuesday. "Global demand growth is expected to slow from its five-year high of 1.8 million barrels per day in 2015, to 1.2 mb/d in 2016," moving closer toward its long-term trend, the IEA said in its monthly oil market report. That will probably mean a continued oil supply glut next year, especially with the expected arrival of Iranian crude. "A projected marked slowdown in demand growth next year and the anticipated arrival of additional ...
Production of China's first unmanned subway trains complete
Post Date: 2015-10-14 00:09:22 by Tatarewicz
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Want China Times... Production of Beijing's first fully automatic subway trains has been finished, Changchun Railway Vehicles, a subsidiary of China CRRC Corporation, announced on Monday. They will be the first fully automatic trains in mainland China and are scheduled to be put into service this year. The trains, with a top speed of 80 kilometers an hour, can carry a maximum of 1,262 passengers. Unmanned subway trains were first introduced in Copenhagen and are used in cities including Paris, Barcelona and Nuremberg.
WHY THINGS ARE SO SCREWED UP - The "1%" Own Half The World's Assets: The Stunning Chart
Post Date: 2015-10-13 14:22:04 by HAPPY2BME-4UM
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On of the key things to understand about the massive, coordinated, global easing effort on which central banks have embarked since the financial crisis is that these policies have served to widen the gap between the rich and poor. Ben Bernanke - and plenty of other vaunted central planners for that matter - will tell you a different story. They’ll tell you that by creating jobs and boosting the economy, QE and ZIRP have actually done more for the middle- and lower-classes than they have for the wealthy. Obviously, that’s nonsense. When you adopt a set of policy measures specifically designed to inflate the value of the assets that are most likely to be concentrated in ...
Flush royals: Gulf's wealthiest flock to LA to flash and spend
Post Date: 2015-10-13 00:04:25 by HAPPY2BME-4UM
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Mega mansions, exotic cars, front-row seats at sold out sporting events and private sprees at Rodeo Drive boutiques – nothing is out of reach for oil-rich Arabs who flock to Los Angeles to live, play and spend. Private jets from Saudi Arabia, United Arab Emirates, Kuwait, Qatar and Bahrain are an increasingly common sight at LAX and smaller regional airports as younger members of various royal families eschew old destinations like London, Monaco and New York for Southern California. The influx has spawned a cottage industry of “fixers” who are expected to work magic. “The only rule is we just can’t say no to whatever they request - and they expect to have results ...
Beijing's Indonesia rail win comes at a heavy cost
Post Date: 2015-10-11 22:32:13 by Tatarewicz
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@WantChinaTimes The high-speed rail project in Indonesia might be a victory for China over Japan, but perhaps at too steep a cost, reports our Chinese-language sister paper Want Daily. A superior financial package was the main reason Indonesia awarded the contract to China, according to the Financial Times. The Chinese proposal does not require a loan guarantee from the Indonesian government and does not involve the state budget. The terms are more lenient as well: The Indonesian state-owned business consortium will have 40 years to repay the US$4 billion loan with an annual interest rate of 2%, and only have to pay installments 11 years after the railway begins operation. Phoenix News ...
Debt Crisis Shutdown Imminent
Post Date: 2015-10-11 13:27:00 by BTP Holdings
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Debt Crisis Shutdown Imminent If you have money in banks or on Wall Street get prepared…The U.S. Government is facing another debt crisis shutdown. And this time it’s worse. This week Secretary of the Treasury Jacob Lew sent John Boehner a letter stating the use of their extraordinary measures will cause the Government to run out of money on November 5th. This situation is getting so bad that the Secretary has stepped up sending these financial update letters now every month. You can see each one of these here at the Treasury Department’s website. In fact the tax receipts were much lower than expected resulting in a net decrease in funds available for Congress to spend. ...
Why T. Boone Pickens Was Wrong About Oil
Post Date: 2015-10-11 09:52:18 by BTP Holdings
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Why T. Boone Pickens Was Wrong About Oil by JR Crooks If you haven't heard of T. Boone Pickens ... he's a billionaire energy investor who built one of the biggest natural gas empires in the country. If there's anyone who has their pulse on the energy markets, it's T. Boone. Yet, just earlier this week he went on CNBC to explain why he now believes his latest prediction on oil prices was dead wrong. You see, earlier this year T. Boone predicted that oil prices would finish off the year at $70. He had lots of reasons including rising global demand and declining supply from the breakdown in the fracking industry. And low and behold ... his predictions on supply ...
Forensic Accountant Warns: "Shut your bank account, usse this instead"
Post Date: 2015-10-11 09:24:04 by BTP Holdings
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Former forensic accountant at America’s third-largest banking group, Tom Dyson has just written a new book that your banker is praying you’ll never read... It’s called: The 702(j) Retirement Plan: How to Fund Your Own Worry-Free, 100% Tax-Free Retirement. And it details the findings from a 12-month investigation into President Ronald Reagan’s secret alternative "retirement income plan"... A strategy that’s unconnected to the government, yet may pay you almost two times more than Social Security... And unlike Social Security, it will never run out of money... This book is not available on Amazon. You can’t buy it on eBay. And you’ll never ...
You Get 0%. They Get 28%. Not Fair!
Post Date: 2015-10-11 09:12:19 by BTP Holdings
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If you think Wall Street is rigged, you’re right. While you collect 0% from your savings accounts, many Wall Street bankers have found an ingenious new way of collecting a much higher interest income. As high as 28.99%... every year… almost effortlessly. For example, Vikram Pandit, the former CEO of Citigroup called this phenomenon a “radical transformation of the global banking landscape.” And John Mack, former chairman of Morgan Stanley, has invested several million in this phenomenon. When asked about it, he said: “Three-year Treasury bonds are paying 0.4% in interest. With [this “secret account”], you can get at least 7%. Given where interest ...
Silver Eagle Shortage CONSPIRACY | Bix Weir (Part 2)
Post Date: 2015-10-10 19:32:26 by BTP Holdings
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Published on Sep 28, 2015 IN PART 2: - Silver Eagle conspiracy ►0:57 - Gold and silver standard coming ►9:46 - The two roads we can take ►14:00
David Morgan: The Day The $h*t Hit The Fan (silver report)
Post Date: 2015-10-10 19:25:28 by BTP Holdings
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Published on Oct 5, 2015 David Morgan: The Day The $h*t Hit The Fan | www.silver-investor.com Just consider the following statistic. THE TOP TEN LARGEST ECONOMIES IN THE WORLD ARE ALL IN A BEAR MARKET, OR ENTERING ONE - The DOW is off 2,000 points from its high. China is at a 78-month low, off by 40%. Japan is off 3,000 from its peak. Germany is also off UK is off 16%. France is down 18% Brazil is off 12,000 points since their peak. Italy is down 50%. Indian stocks are down 4,000 points. Russia is off about 10%. So, is the shit about ready to hit the fan? David certainly believes so. In one of the most comprehensive interviews we have ever done, David discusses precious ...
How Airbus bet on China and won
Post Date: 2015-10-09 23:53:43 by Tatarewicz
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Want China Times Chen Juming says his "secret joy" is to sit and count Airbus aircraft as they take off, land and taxi at Beijing International Airport. His office overlooks the airport and every plane he counts is a measure of his success after 20 years in the civil aviation industry. Better known as Eric Chen, president and CEO of Airbus China, he still can't quite believe the trajectory his life has taken. "It's amazing how a liberal arts student like me succeeded in the high-tech industry of aviation. I'm still interested in history, philosophy and language, as well as the magic of aviation," Chen said. He admits that Airbus took some risks, ...
My 2016 Forecast
Post Date: 2015-10-09 22:35:28 by BTP Holdings
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My 2016 Forecast By Jim Rickards This time last year Wall Street was telling you that the Fed would raise interest rates in March 2015. After March, the street moved its forecast to June. After June, the street moved its forecast to September. Now that September has come and gone, the street is talking about a rate increase in December. Hope springs eternal! But, hope is not analysis. Wishful thinking does not make a forecast come true. I was one of the few analysts who had this right from the start. You can look back to our archives… or listen to my CNBC interview from Thursday, November 20, 2014, where I said the Fed would not raise rates in all of 2015. Why was this so plain ...
Are We Back to ‘Bad News is Good News’?
Post Date: 2015-10-09 20:15:23 by BTP Holdings
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Are We Back to ‘Bad News is Good News’? Posted on October 9, 2015 by Brad Hoppmann If the past couple of weeks have left you feeling like you’ve seen this movie before, well, you have. One week ago we got a terrible September employment report that showed the economy created just 142,000 new jobs during the month. That metric was well-below expectations for more than 200,000 new job adds. The initial reaction last Friday morning was a big sell-off in stocks, but that selling was short-lived. Stocks ended the session with strong gains, and ever since then we’ve seen equities continue a robust march higher. So, why have we seen gains in the face of bad data last ...
ALL THOSE WHITE GUYS LOOK ALIKE - 50 Dollar Bill is actually a 10 Dollar Bill [Fake Dollar Bill]
Post Date: 2015-10-08 09:15:43 by HAPPY2BME-4UM
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