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Latest Articles: Business/Finance
Beijing, Tianjin, Hebei plan more EV charging stations
Post Date: 2015-08-05 04:02:13 by Tatarewicz
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Local governments in the Beijing-Tianjin-Hebei region rolled out a plan on Aug. 1 to jointly build a network of charging facilities for the use of new-energy vehicles since the development of the electric car market in China has long been constrained by an insufficient number of such locations, Guangzhou's 21st Century Business Herald reports. The plan was formulated mainly to meet the demand for developing the new energy vehicle market as adequate access to electric vehicle (EV) charging infrastructure could help spur consumers' interest in the purchase of such vehicles. It is also because the central government usually gauges local governments' efforts in promoting the use of ...
Australia pushes to recognize bitcoin as regular currency
Post Date: 2015-08-04 23:57:34 by Tatarewicz
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The Australian government on Tuesday suggested treating bitcoin and other digital currencies on a par with standard money in the country. The move comes in contrast to an earlier position towards digital currencies as "intangible assets." “The committee is of the view that digital currency should be treated as money for the purposes of goods and services tax,” a report from Australian Senate Economics References Committee said. The committee recommended to amend last year’s decision by the Australian Taxation Office (ATO), which stated bitcoin was a commodity, "neither money nor a foreign currency," and should be taxed accordingly. Anglo-Australian ...
IMF to Greece: "Drop Dead"
Post Date: 2015-08-04 17:03:56 by BTP Holdings
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The global government debt crisis I’ve been warning you about is continuing to unfold right before your very eyes … IMF to Greece: “DROP DEAD!” DATELINE—IMF Headquarters, Washington DC: Just a couple of weeks ago, we were once again assured that Greece’s troubles were over. The Eurozone and the world’s lender of last resort — the International Monetary Fund (IMF) — had worked out a deal to save the troubled nation. The deal was to have included painful cuts in social, entitlement and pension programs by the Greek government combined with massive forgiveness of debt by Eurozone members. But now, the IMF, which has loaned Greece more than 35 ...
My Own, Personal Money Multiplier: Why wouldn’t this work for you?
Post Date: 2015-08-03 17:06:40 by BTP Holdings
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My Own, Personal Money Multiplier: Why wouldn’t this work for you? Posted on August 03, 2015 by Larry Edelson CLICK HERE to join the discussion or scroll down to read today’s post: Larry Edelson It’s a fair question: Everybody knows that Europe is going down the tubes. The euro is plunging. European bonds are falling. European stocks are imploding. This is no forecast; no “pie in the sky.” It is happening right now; at this very moment. You also know there are investments — inverse ETFs and options, for example — that soar when these European assets sink. And you know the profits can be enormous: In my free report, for instance, I ...
GDP Update Shows Headwinds Remain for the Economy
Post Date: 2015-08-03 17:00:27 by BTP Holdings
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GDP Update Shows Headwinds Remain for the Economy By Robert Feinberg | Friday, 31 Jul 2015 08:09 AM As speculation continues over when and whether the Federal Reserve will raise interest rates, Patrick Chovanec, chief strategist of Silvercrest Asset management, listed several headwinds revealed in updated GDP figures, including the drop in oil prices, the strong dollar, and the skittish consumer, as headwinds for the economy that have diminished but not gone away. Chovanec told CNBC that it doesn’t matter when the Fed raises rates in the fall, but he is in the camp that this will be a symbolic action “just to get above the zero bound.” He referred to statements by Fed ...
The Morgan Report (silver)
Post Date: 2015-08-03 16:56:18 by BTP Holdings
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The Morgan Report This month our Editor, David Morgan, talks about the need - especially at a time like this - of revisiting ones' core market assumptions. The specific premise under review is the one underlying the question of whether or not gold and silver are still relevant as an insurance tool, but also as an investment vehicle. Looking at the issue from several angles, David arrives at a conclusion which may surprise some of our newer readers, as he drills down into the systemic considerations overlooked by most of the mainstream media - and many resource sector analysts - today. A good friend and colleague has granted us permission to publish his proprietary chart model, which ...
What I Would Say to My Past Debt-Ridden Self
Post Date: 2015-08-03 16:28:20 by BTP Holdings
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What I Would Say to My Past Debt-Ridden Self By Sandra Hanna, Smart Cookies July 24, 2015 I was recently having a conversation with one of my best friends, who is completely overwhelmed by debt. Whenever I offer to help, she says, “There is no way I can get out of debt. I need to have a life. What am I supposed to do, stay at home and have no fun or social life?” I want to scream back, “It doesn’t mean you have to stay in every night eating Top Ramen!” But if I'm being honest, it wasn't very long ago that I was in her shoes — stubborn and convinced that digging myself out of debt would mean committing to a lonely and pathetic life. After that ...
Deepening Greek Depression
Post Date: 2015-08-03 09:28:19 by Stephen Lendman
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Deepening Greek Depression by Stephen Lendman Greece is Exhibit A on how financial predators wreck economies for profit. Force-fed austerity is toxic, polar opposite what’s needed. Weak economies need stimulus to stabilize, recover and grow - expansive monetary and fiscal policy. Euro straightjacket rules prevent member countries from controlling their own financial policies. It’s like having weapons with no ammunition when trouble strikes. Greece’s manufacturing index is a testimony to wrongheaded euro policies. It July, it sank at a record pace - from a negative 46.9 in June to a dismal 30.2 in July. Readings below 50 signify contraction. Greece’s new orders gauge ...
Greek Shares Collapse as Exchange Market Reopens
Post Date: 2015-08-03 06:21:46 by Tatarewicz
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Sputnik... Greece's four major banks, Piraeus Bank, National Bank, Alpha Bank, and Eurobank, suffered the biggest losses after the Athens Stock Exchange opened for the first time in five weeks. MOSCOW (Sputnik) — The Athens Stock Exchange lost 22.87 percent after the market opened for the first time in five weeks, the BBC said on Monday. Greece's four major banks, Piraeus Bank, National Bank, Alpha Bank, and Eurobank, suffered the biggest losses, falling on average by 30 percent each, according to the news outlet. A pedestrian passes graffiti referring to the officials from the European Union, European Central Bank and International Monetary Fund, together known as the ...
This Coal Mine Valued At $630 Million In 2011 Just Sold For One Dollar
Post Date: 2015-08-03 02:29:49 by HAPPY2BME-4UM
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The following photos are from Australia's Isaac Plains coking-coal mine. Why is Isaac Plains relevant? Well, in 2011 at the height of the Australian mining boom, Japanese conglomerate Sumitomo thought it has spotted a bargain, and a SMH reports, it approached Tony Poli, the founder of mid-tier miner Aquila Resources with an offer: it would buy its 50% stake in Isaac Plains, at the time Aquila's only producing mine, for $430 million. Market participants thought Aquila's stake might fetch $300 million at best but Sumitomo was confident it would make a strong return, and offered almost 50% above fair value, especially since Brazil's legendary mining company Vale ...
Swedes get set for new money, money, money
Post Date: 2015-08-02 06:57:27 by Tatarewicz
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Local.se ... new smartphone app is set to help Swedes navigate the biggest switch in bank notes the country has ever seen with only two months to go before the new cash is introduced. The first batch of Sweden's new currency will come into play on October 1st, with over 300 million bank notes and two billion coins to be replaced as part of the gigantic project. “The biggest challenge is to make sure that everyone has information about what the new notes look like, when they come into effect and when the old ones expire so that you can make sure you use them on time,” the head of cash at Sweden's central bank (Riksbanken), Christina Wejshammar, told The Local on Friday. ...
German offshore wind power breaks records
Post Date: 2015-08-02 06:53:25 by Tatarewicz
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Local.de The amount of new offshore wind energy put on the grid in Germany in the first six months of 2015 has broken all previous annual records for Europe combined, a report released on Thursday shows. The report complied by the European Wind Energy Assosiation (EWEA) shows that Germany added 1,706 Megawatts (MW) of capacity to the grid from January to July, easily outstripping the highest annual record for the whole of Europe, 1,483 MW added to the grid in 2013. The surge in German production was a result of 584 new turbines coming online at eight offshore farms in the North and Baltic Seas. The sharp rise in German offshore production meant that the total capacity installed in ...
Golden age of Chinese cars ending in Iran’
Post Date: 2015-08-02 06:15:32 by Tatarewicz
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PressTV... Reports say Iranians are ditching Chinese cars in anticipation of the return of major European brands over the next months. Reports say Iranians are ditching Chinese cars in anticipation of the return of major European brands over the next months. Iran’s media are reporting that Chinese cars have already lost their allure in light of the prospects for the return of major European brands to the country. The latest market trend, as reported by Mehr News Agency, shows the sales of Chinese cars have plunged in Iran with consumers anticipating that better quality products by European brands will eventually emerge in shops across the country within the next months. “Most ...
TPP Ministerial Deadlock
Post Date: 2015-08-01 14:47:06 by Stephen Lendman
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TPP Ministerial Deadlock by Stephen Lendman Friday’s fourth/dubbed “final” ministerial attempt to reach agreement failed. Global Trade Watch Director Lori Wallach called it a “Maui (Hawaii) meltdown.” Congress went on five-week summer recess with lots of unfinished business awaiting members in September - notably the Iran nuclear deal and 12 annual spending bills. Wallach expects no 2015 congressional action on TPP - especially with other nations disagreeing on key provisions still unresolved. She believes chances for agreement are reduced because of “opposition building in many countries.” “It’s good news for people and the planet that no ...
America's Next Big Flop
Post Date: 2015-08-01 11:57:10 by BTP Holdings
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No one believed my boss seven years ago when he said the world’s largest mortgage bankers, Fannie Mae and Freddie Mac, would soon go bankrupt… And no one believed him when he said General Motors would fall apart… Or that the same would happen to General Growth Properties (America’s largest mall owners). But that’s exactly what happened. And today… Porter Stansberry, founder of a Baltimore-based financial research firm, says the next big bankruptcy in America will be even BIGGER than those he’s identified in the past. In fact, he says this looming bankruptcy will threaten your way of life, whether you own any investments or not. I strongly encourage ...
How to collect "Work Free" Retirement Income
Post Date: 2015-08-01 11:43:52 by BTP Holdings
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You’ve probably never heard of Anne Monahan before... She’s not a celebrity, politician, or world-renowned economist. Instead, she’s a retired 65 year-old special education teacher. But Anne Monahan has a secret that could add as much as $4,700 per month to your own personal bank account. The income stream she’s tapped into is incredible... and using the extra cash, she’s been able to live out the retirement of her dreams... travelling the world over. Here’s a picture she sent us of her most recent trip to the British Virgin Islands. Note: What you’re about to see has absolutely nothing to do with options... or anything else you might ...
FORGET BITCOIN!
Post Date: 2015-08-01 11:38:24 by BTP Holdings
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An alternative currency – already in circulation across America – could soon explode in value. As you’re about to discover, it could hand you as much as $56,700 over the next 9-12 months. Some people are already calling it the “next Bitcoin.” And that’s saying a lot. As you may know, Bitcoin is the digital “cryptocurrency” that has disrupted economies worldwide. It has also made some investors a fortune along the way. Over the course of just three years, Bitcoin’s value skyrocketed more than 1,632,316%. You could have bought $10,000 worth of Bitcoin… and exchanged it for $163.2 million (in U.S. dollars) just 36 months later! The value ...
The New Anti-Cash Laws Sweeping the U.S.
Post Date: 2015-08-01 11:20:04 by BTP Holdings
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The New Anti-Cash Laws Sweeping the U.S. U.S. Government Waging “War on Cash”… Cash Soon to Be Outlawed? At Least 1 Nation Moving in that Direction… What You Can Do to Prepare… The U.S. government views cash – paper currency and coins – as an enemy. How else to explain their ongoing “War on Cash”? Recently, FBI agents raided a convenience store and took $107,702 right from the owner’s bank account. His alleged “crime”? Making two cash deposits of $11,400 in 24 hours. This isn’t an isolated case. The FBI has already extensively used civil asset forfeiture laws to seize cash from Americans. Why the Government Hates ...
Oil giants cut back back on spending
Post Date: 2015-08-01 06:00:08 by Tatarewicz
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Yahoo... New York (AFP) - US oil giants Chevron and ExxonMobil signaled Friday further belt-tightening ahead as the industry responds to lower oil prices that slammed earnings in the second quarter. Chevron said it was trimming 1,500 jobs as it cuts 2015 capital spending about $5 billion compared with last year. Further capital spending cuts are likely in 2016 and 2017, executives said. "We're getting our cost structure down, through renegotiations across the supply chain and by sizing our contractor and employee workforce to reflect lower activity levels going forward," said Chevron chief executive John Watson. ExxonMobil expects a "downward vector" on capital ...
Hey — Where’s My Stinking Raise?
Post Date: 2015-07-31 18:01:21 by BTP Holdings
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Hey — Where’s My Stinking Raise? Mike Larson | Friday, July 31, 2015 at 4:20 pm That’s what American workers are asking these days – and they’re not getting any good answers. I say that because the latest figures show wages and salaries are stagnating like never before. The Labor Department reported this morning that worker pay rose a pathetic 0.2% in the second quarter. Not only was that down from a 0.7% rise in the prior quarter … and far below the 0.6% estimate … but it was also the worst in recorded U.S. history. The department began tracking in 1982. If you exclude government employees, the news is even worse. Private wages were essentially ...
WHERE THE MONEY WENT (BESIDES CHINA) - The World Capitals For US Corporate Expatriates
Post Date: 2015-07-30 22:51:45 by HAPPY2BME-4UM
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Bermuda always used to be one of the top destinations for US companies shifting their headquarters abroad for tax purposes. However, these days, Dublin has become the modern destination of choice for US corporate expatriates. Ireland has an attractive corporate tax rate of just 12.5 percent, as well as a highly skilled English-speaking workforce. By comparison, France has a corporate tax rate of 33.3 percent while the UK 's stands at 21 percent. As a result, a whole host of tech companies, pharmaceutical giants and management consultancies have shifted their headquarters from the US to the Emerald Isle, according to data compiled by Bloomberg. This chart shows top locations for US ...
In Just 3 Months: The Currency That May Replace the USD
Post Date: 2015-07-30 17:03:12 by BTP Holdings
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In Just 3 Months: The Currency That May Replace the USD Global Reset “Imminent” Warns Acclaimed Author… It Could Happen as Soon as This October… The New Financial System Will Be Built on This… The U.S. government is on the verge of bankruptcy. They have run up a debt that cannot be repaid, and now must create new dollars to meet their obligations. In other words, they’re trying to fix the debt problem by inflating the currency. Of course, anybody with some common sense knows this won’t work. Renowned financial analyst and author of The Big Reset, Willem Middelkoop, says: “A system reset is imminent. There are only two options: a ...
Guess Who’s About To Go Bankrupt in America…
Post Date: 2015-07-30 16:53:57 by BTP Holdings
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"This is what I'm doing to protect my family and my finances - I recommend you do the same." Dear Fellow American, Do you believe America's financial problems from 2008 have been fixed? Do you think we'll have another banking crisis in the next few years, or a problem with our currency? If you are concerned about these possibilities, you are not alone. After all: What we are witnessing in America today is unprecedented. Our government has embarked on a gross, out-of-control experiment, expanding the money supply 400% in just six years, and more than doubling our national debt since 2006. It took our nation 216 years to rack up the first $8.5 trillion in debt... ...
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