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Latest Articles: Business/Finance
Paris and Berlin residents express their feeling on Greece bailout talks, Want to COMPLETELY CANCEL Greek debt
Post Date: 2015-06-23 11:38:34 by HAPPY2BME-4UM
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Published on Jun 23, 2015 As the eurozone heads into day two of its critical week of Greek bailout talks, it's clear that it's not only Greeks who are feeling the pressure. In Paris, which saw thousands march over the weekend to support Greece, some feel that being a part of Europe comes with responsibilities for everyone. "When we decided to create Europe, it supposed to have an idea of solidarity," explained Parisian Pascal Bazea. "Now we should show this solidarity, and prove it:"
Berkshire Hathaway’s Biggest Question
Post Date: 2015-06-23 07:45:18 by Tatarewicz
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— David Mazor writes Mazor’s Edge, which he describes as offering “clear, concise news and analysis of Berkshire Hathaway and its companies.” He’s an interesting guy, and he’s a lot more clear and concise than I am. Since Berkshire comes up in these pages with some frequency, and I own shares myself, I asked him to share a guest article with Gumshoe readers — these are his words and thoughts, any ideas are his and any typos are mine… and the underlying point about compensation and incentives is worth considering whether you invest with Buffett or not] Who will succeed Warren Buffett, who turns 85 in August, as the head of Berkshire Hathaway (BRK-A, ...
China has what it takes to escape middle-income trap
Post Date: 2015-06-22 20:40:01 by Tatarewicz
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Want... China's massive population and economy will help it to escape the middle-income trap and become a high-income country, according to Li Xunlei, an expert at the Shanghai Finance Institute. In an op-ed piece in the Shanghai-based Economic Observer, Lee said China has similar characteristics to countries such as South Korea and Japan, which have escaped the middle-income trap. The middle-income trap is a phenomenon in which a rapidly growing economy stagnates at middle-income levels and fails to advance into the ranks of high-income countries. The World Bank classifies countries with a gross national income of US$12,616 and above as high-income countries, Li said, noting that ...
Uber's rapid expansion in China expected to challenge Didi Kuaidi
Post Date: 2015-06-22 20:09:12 by Tatarewicz
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Want... San Francisco-based car-booking service Uber has been growing at breakneck speed in China. So far this year, Uber's bookings in Chengdu, Sichuan province, have grown to 46 times the number in New York, according to a report in the China Business News. Since 2014, Uber has gained 20,000 drivers in Chengdu alone, compared with 26,000 in New York since 2011, Uber founder Travis Kalanick said in an e-mail to investors. The company's business model is quite simple, with people using the app to hire an Uber driver to take them where they want to go. Currently, four of the 10 cities in which Uber has seen the largest growth in business turnover are in China, which makes that ...
Even the Pros Are Getting Nervous About a Crash. Here's what You Need to Know...
Post Date: 2015-06-22 16:56:45 by BTP Holdings
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Most investors are terrified of a market crash right now. And you know what that means. You guessed it, stocks shot higher last week. And today you'll see more proof why the crowd is usually wrong... I told you last Monday about some compelling evidence hinting that a major market move was in the works. And right on cue, the market delivered. The major averages rocketed higher Thursday. And even after backtracking Friday afternoon stocks still finished the week solidly in the green. The Nasdaq Composite and the small-cap Russell 2000 -- another one of our "trades of the year" -- posted the really important moves. Both pushed to new highs, dragging the bigger averages higher ...
Ron Paul: They Cannot Reverse History and They Cannot Print Money Forever
Post Date: 2015-06-22 16:51:25 by BTP Holdings
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In a recent interview with CNBC, Texas Congressman Ron Paul laid out a pretty scathing critique of the Federal Reserve and issued a dire warning about the health of our financial system. Specifically, Paul said: “After 35 years of a gigantic boom market in bonds believe me they cannot reverse history and they cannot print money forever. “[These monetary policies] have nothing to do with freedom and free markets and capitalism and sound money. It's all artificial, it's all political and that's why we're so vulnerable.” I'm worried about the same thing that Dr. Paul is — the idea that the Federal Reserve has set us up for a huge market crisis. ...
What Is the FED Hiding From Everyday American?
Post Date: 2015-06-22 16:41:33 by BTP Holdings
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I probably don't need to tell you that the Federal Reserve likes to keep its operations as secret as possible. But even I'm surprised by how uncooperative they've been as lawmakers try to investigate a possible leak of information to certain Wall Street professionals ahead of the Fed's September 2012 policy meeting. Janet Yellen and her colleagues have been so stubborn, in fact, that House Republicans recently sent an eight-page admonishment accusing the group of “willful obstruction” for failing to turn over documents demanded in a May subpoena. You have to wonder: If the Federal Reserve is unwilling to bow to Congress on this relatively simple matter, what ...
Marc Faber: 'We Could Be in a Recession Within Six Months'
Post Date: 2015-06-22 16:37:22 by BTP Holdings
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Marc Faber: 'We Could Be in a Recession Within Six Months' By FJ McGuire | Friday, 19 Jun 2015 09:27 AM Just because many experts expect the Federal Reserve to start raising interest rates, Marc Faber, the editor and publisher of the Gloom, Boom & Doom Report, urges you to avoid being tricked that the economy has rebounded for good. In fact, just quite the opposite. "We could very well be in a recession in the U.S. within six months," he recently told CNBC. A recession is technically defined as two straight quarters of negative GDP growth. The economy contracted 0.7 percent in the first quarter. Meanwhile, the Atlanta Fed maintained its forecast that the ...
Smith & Wesson nails what Obama did for gun sales in one sentence
Post Date: 2015-06-20 12:05:17 by BTP Holdings
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Smith & Wesson nails what Obama did for gun sales in one sentence Business Insider By Sam Ro June 19, 2015 7:56 AM The irony of the gun control debate is that when it seems tighter gun control policy is coming, sales spike. "[W]e experienced strong consumer demand for our firearm products following a new administration taking office in Washington, D.C. in 2009," said the management of gunmaker Smith & Wesson. That's when President Barack Obama moved into the White House. The explanation for this phenomenon is pretty simple: If there's a risk that you won't be able to buy guns in the near future, then buy your guns now. Sadly, the biggest pushes for ...
Thousands in St. Petersburg Defy US Sanctions
Post Date: 2015-06-20 10:41:27 by Stephen Lendman
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Thousands in St. Petersburg Defy US Sanctions by Stephen Lendman A previous article discussed the opening of the 19th St. Petersburg International Economic Forum (SPIEF) - an annual three-day event attracting thousands of participants. They include world political and business leaders, journalists and others from dozens of countries worldwide - including from China, Japan, Germany, Britain, France, Switzerland, Sweden, Canada, South Korea and America. They came despite US sanctions and ones Washington bullied EU countries to impose. Around 1,000 companies confirmed their participation - including 440 from Europe, Asia and America. They came to finalize deals worth hundreds of billions ...
Expanded train routes come to to Xinjiang
Post Date: 2015-06-19 23:02:09 by Tatarewicz
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Want... A total of 100 railway lines will link Xinjiang to the rest of China this year, which is expected to bring 100,000 more visitors to the autonomous region, local tourism authorities and China Railway Group jointly announced on Wednesday. So far there are 23 rail lines connecting Xinjiang Uygur autonomous region with 16 major cities in China, such as Beijing, Shanghai and Guangzhou. China Railway Group said it will increase such lines to 100 as the country promotes silk road-themed travel this year. More than 7.2 million domestic tourists visited Xinjiang during the first quarter of this year, up 9.29% from the same period a year ago, according to official data. The autonomous ...
Gazprom inks plan for new gas pipeline to Germany
Post Date: 2015-06-19 06:42:15 by Tatarewicz
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Russia is seeking more routes to deliver its gas to the European Union avoiding crisis-hit Ukraine, despite the 28-nation bloc insisting it wants to cut its dependence on Russia . Saint Petersburg (AFP) - Russian gas giant Gazprom on Thursday agreed a plan with Shell, E.ON and OMV aimed at building a new gas pipeline to Germany, the companies said in a statement. In the memorandum of understanding, Germany's E.ON, Austria's OMV and Anglo-Dutch Shell would join up to construct the new route under the Baltic Sea from Russia with a capacity of 55 billion cubic metres per year, the statement said. The project -- for which no timeframe was given -- would double the capacity of the ...
Bolivia Strikes Big Oil - Morales
Post Date: 2015-06-19 06:06:31 by Tatarewicz
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Sputnik... A major new oilfield has been found in Bolivia, the first in 23 years, Presider Evo Morales announced on Thursday. Russian energy company Gazprom and French petrochemical giant Total may explore new areas of Bolivia for gas, Gazprom said in a statement Thursday. © AP Photo/ Sergei Chuzavkov Gazprom, Total Set to Explore New Regions of Bolivia for Gas The Boqueron 4 oilfield in the country’s natural gas-rich western Department of Santa Cruz holds up to 28 million barrels of crude, which is enough to triple the country’s known oil reserves and bring nearly $1.7 billion into the state coffers. The Boqueron 4 oilfield was discovered by the YPFB Andina Oil Company, 51 ...
Greece could be forced to * LOCK DOWN SAVER'S CASH * as debt crisis worsens
Post Date: 2015-06-18 13:11:53 by HAPPY2BME-4UM
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Greece could be forced to lock down savers’ cash as debt crisis worsens Greece’s central bank has issued the clearest warning yet that the country is on course to default on its sovereign debt at the end of the month and crash out of the single currency, while finance ministers across Europe also confirmed they are making contingency plans for a messy ending to the crisis. Athens is due to repay €1.6bn to the International Monetary Fund on 30 June but will be unable to do so unless its creditors release a €7.2bn bailout payment before then. Talks between Greece and its eurozone and IMF creditors over a “cash-for-reforms” deal have stalled, with the ...
House approves fast-track 218-208, sending bill to Senate
Post Date: 2015-06-18 13:07:33 by HAPPY2BME-4UM
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The House on Thursday took the first step toward resuscitating the White House’s trade agenda by passing legislation granting President Obama fast-track authority. The bill now goes to the Senate, where the White House and GOP leaders are seeking to strike a deal with pro-trade Democrats. The House vote was 218-208, with 28 Democrats voting for it. This is the second time in a week the House has voted to approve the controversial fast-track bill. On Friday, the House voted 219-211 in favor of fast-track, which would make it easier for Obama to complete a sweeping trans-Pacific trade deal. In last week’s vote, the House GOP paired the fast-track bill with a measure known as ...
Another Fed "Insider" Quits, Tells The Truth
Post Date: 2015-06-18 09:14:53 by Ada
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Once more, an “insider” from The Fed exposes the reality of an academic ivory tower clueless of the real financial markets. Former adviser to Dallas Fed’s Dick Fisher, Danielle DiMartino Booth speaking in a CNBC interview slams The Fed for “allowing the [market] tail to wag the [monetary policy] dog,” warning that “The Fed’s credibility itself is at stake… they have backed themselves into a very tight corner… the tightest ever.” As she writes in her first Op-Ed, “The hope today is that the current era of easy monetary policy will have no deep economic ramifications. Such thinking, though, may prove to be naive… All retirees’ ...
China to be largest cross-border e-commerce market by 2020: report
Post Date: 2015-06-18 00:07:35 by Tatarewicz
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Want...China will become the largest market for buying and selling products online across international borders by 2020, a report jointly released by Alibaba and Accenture said this week. The total value of products sold by online retailers to overseas consumers will reach US$994 billion by 2020, with China the driving source of growth, the report said. Online retail worldwide will grow 15% annually from US$1.6 trillion in 2014 to US$3.4 trillion in 2020, the report forecast. Even stronger growth is expected for cross-border retail, which is expected to rise 27% annually to hit US$1 trillion by 2020, as consumers who shop for overseas products online are set to triple during the same ...
10 advantages of the Gogoro Smartscooter
Post Date: 2015-06-18 00:04:57 by Tatarewicz
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Want... Since Taiwanese startup Gogoro unveiled its Smartscooter at the Consumer Electronics Show in Las Vegas in January, the electric vehicle has been discussed by many local consumers and media outlets. Before Gogoro releases the electric scooter's price tag and monthly fees for swapping batteries Wednesday, here are 10 things you need to know about how the Smartscooter stands out from its competitors. 1. Quicker: The Smartscooter's digital throttle in sport mode takes riders from zero to 50 kilometers per hour in 4.2 seconds, compared with an average 5.3 seconds for gas-powered 125 cc motorcycles. 2. Faster: The Smartscooter has a max speed of 95 km/h, much faster than the ...
Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts”
Post Date: 2015-06-17 08:08:25 by HAPPY2BME-4UM
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Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts” Mac Slavo May 13th, 2015SHTFplan.comComments (261)Read by 39,535 people It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets. While we know a serious financial event is coming, determining how it will impact our lives and preparing an appropriate strategic plan to mitigate the fallout can be a confusing and stressful undertaking. The questions being asked by concerned Americans are plenty, but the answers are not so easy to come by. Should I keep ...
ObamaTrade And The Two Contending Visions Of World Government
Post Date: 2015-06-17 08:00:59 by HAPPY2BME-4UM
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THE BOTTOM LINE What’s at stake here is nothing less than whether the future of the United States, and perhaps even of the world, will be democracy, or else fascism. That’s a lot. Obama, in his trade-deals, aims to culminate the American aristocracy’s victory. If he wins all his trade-deals, then the Obama Library and the other Obama-operations will become enormous with the billions pouring in, even as he’ll go down in history as perhaps the worst President, probably (due to those trade-agreements) worse even than George W. Bush, or Harding, or Buchanan, or Grant, and with a far lengthier catastrophic result trailing after his Presidency, because those ...
CONSUMERS NOT FOLLOWING ORDERS
Post Date: 2015-06-17 06:13:56 by Southern Style
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CONSUMERS NOT FOLLOWING ORDERS87 commentsPosted on 14th June 2015 by Administrator in Economy |Politics |Social Issues2008 Crisis, Alan Greenspan, Baby Boomers, bank fees, Ben Bernanke, Blackrock, BMWs, cashless society, China, consumer credit outstanding, consumer spending, CPI, Deep State, Disposable income, Edward Bernays, Fannie Mae, Federal Reserve, FHA, Fourth Turning, Freddie Mac, Hamptons, Home Depot, Housing bubble, iGadgets, illegal immigration, Ivy League, Janet Yellen, jobs, Jon Hilsenrath, JP Morgan, Keynesianism, Lehman Brothers, Mcmansions, Military industrial complex, Mortgage equity withdrawal, oligarchs, Propaganda, QE, Radio Shack, real median household income, retail ...
Starvation Is The Price Greeks Will Pay For Remaining In The EU
Post Date: 2015-06-16 08:24:40 by Ada
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Syriza, the new Greek government that intended to rescue Greece from austerity, has come a cropper. The government relied on the good will of its EU “partners,” only to find that its “partners” had no good will. The Greek government did not understand that the only concern was the bottom line, or profits, of those who held the Greek debt. The Greek people are as out to lunch as their government. The majority of Greeks want to remain in the EU even though it means that their pensions, their wages, their social services, and their employment opportunities will be reduced. Apparently for Greeks, being a part of Europe is worth being driven into the ground. The alleged ...
Top Oil Firms Flock to Putin's Investor Forum Despite Russian Sanctions
Post Date: 2015-06-16 03:05:38 by Tatarewicz
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MoscowTimes... Andrei Makhonin / VedomostiBP's review of world energy supplies, published this month, estimated that Russian oil and gas reserves had jumped above 100 billion barrels for the first time. MOSCOW / LONDON — Some of the world's most powerful oil executives will attend Russia's top investment show next week, once again helping the organizers shrug off a meager turnout from other leading Western industrialists and bankers. Many CEOs and chairmen from major U.S. and European firms withdrew from last year's St. Petersburg International Economic Forum because of tensions tied to Russia's annexation of Crimea and a separatist war in eastern Ukraine. The ...
Volvo's new XC90 SUV marks milestone for Chinese owner Geely
Post Date: 2015-06-16 01:22:37 by Tatarewicz
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Want... The all-new Volvo XC90 seven-seat SUV, the first vehicle built with Volvo's SPA (scalable product architecture) chassis designed and built in-house, will make its debut in China in two weeks, marking a milestone for the Swedish carmaker's owner, Zhejiang Geely Holding Group, Guangzhou's 21st Century Business Herald erports. Following a one-year warmup for the XC90, Volvo's Chinese management team is stepping up preparations for a unique presentation of the new model set for late June. "Starting with the XC90, Volvo will build cars on its in-house designed SPA technology platform and will have no relations at all with Ford Motor," Fu Qiang, president of ...
WHEN GLOBALISTS ARE CONFRONTED: DENIAL, AMNESIA - Former World Bank President confronted, Bilderberg ties
Post Date: 2015-06-15 23:28:15 by HAPPY2BME-4UM
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Former World Bank President confronted, Bilderberg ties Reporter confronts former World Bank President after Bilderberg meeting AUSTRIA (INTELLIHUB) — Global banking figurehead and Bilderberg attendee James Wolfensohn was spotted and confronted by reporter Dan Dicks at the airport Sunday. During the confrontation, which lasted less than a minute, Dicks asked Wolfensohn if he attended “Bilderberg this year” while capturing the entire event on film. Wolfensohn responded by saying, “I wasn’t there [at Bilderberg]”. “What were you guys talking about there this time? What was on the agenda?, Dicks soon after asked Wolfensohn. Wolfensohn responded, “I ...
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