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Latest Articles: Business
The Financial System Is A Larger Threat Than Terrorism
Post Date: 2016-03-08 22:02:21 by U don't know me
1 Comments
The Financial System Is A Larger Threat Than Terrorism By Paul Craig Roberts March 08, 2016 "Information Clearing House" - In the 21st century Americans have been distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to the taxpayers’ burden and many billions of dollars in profits to the military/security complex in order to combat insignificant foreign “threats,” such as the Taliban, that remain undefeated after 15 years. All this time the financial system, working hand-in-hand with policymakers, has done more damage to Americans than terrorists could possibly inflict. The purpose of the Federal Reserve and US ...
Top tech CEOs reportedly join Republicans for secret meeting on private island
Post Date: 2016-03-08 08:17:08 by Willie Green
14 Comments
Encryption and stopping Trump among topics discussed Some of the most powerful people in the technology industry met with Republican senators, party officials, and assorted billionaires on a private island last weekend, the Huffington Post reports, with the main topic of conversation being the rise of Donald Trump, and how best to stop him. Among those attending the event — the American Enterprise Institute's World Forum — were Apple CEO Tim Cook, Tesla and SpaceX boss Elon Musk, and Google co-founder Larry Page. The secretive annual event, which takes place on Sea Island off the coast of Georgia, has traditionally been closed off to the press, but political commentator ...
Mitt Romney Is The Real Super-Fraud: Here’s The Proof, Chapter And Verse
Post Date: 2016-03-07 13:26:03 by nativist nationalist
3 Comments
Now that’s a screaming case of the pot calling the kettle black if there ever was one. Mitt Romney has lashed out at The Donald for being a “phony and fraud”, but consider this. During his 16-years at Bain Capital, fully one-fourth or $600 million of the firms cumulative $2.5 billion of profits were scalped from companies which went bankrupt soon after Mitt and his partners got out of town with the loot. No wonder the American voters did not believe him when he claimed to be the “job creator”! Yes, the GOP establishment’s putative “jobs” candidate from 2012 was never really a businessman at all. He was an LBO strip-mining artist who rode the first ...
Pope says Church does not want 'dirty money'
Post Date: 2016-03-02 09:20:26 by Willie Green
1 Comments
The Catholic Church does not want people to donate "dirty money" earned by abusing low-paid workers, Pope Francis said on Wednesday."Some donors come to the Church offering profits from the blood of people who have been exploited, mistreated, enslaved with badly paid work," Francis said during his regular weekly audience with pilgrims at the Vatican."I will say to them: 'Please take your money away, burn it'," said Francis, who has made safeguarding the poor and cleaning up Vatican finances central tenets of his papacy."The people of God... do not need dirty money, they need hearts that are open to God's mercy," he said.The pope has ...
US Senator Wants Government to Set Airline Seat-Size Rules
Post Date: 2016-02-28 10:07:41 by Willie Green
1 Comments
U.S. Sen. Charles Schumer wants to require the Federal Aviation Administration to establish seat-size standards for commercial airlines, which he says now force passengers to sit on planes "like sardines." The New York Democrat told The Associated Press the airlines have been slowly cutting down legroom and seat width. "One of the most vexing things when you travel on an airplane is there's almost no legroom on your standard flight," Schumer said. "There's been constant shrinkage by the airlines." He said he will add an amendment to the FAA Reauthorization Bill that is pending before Congress that would require the agency to set the seat-size ...
Beijing now has more billionaires than New York
Post Date: 2016-02-25 10:54:08 by Willie Green
6 Comments
Beijing has knocked New York out of the top spot for cities with the most billionaires. The Chinese capital added an incredible 32 billionaires to its ranks last year, bringing the city's total to 100, according to Hurun Report's latest global rich list. New York, which has led the ranking for years, has 95 billionaires. "Despite its own slowdown and falling stock markets, China minted more new billionaires than any other country in the world last year, mainly on the back of new [share] listings," said Rupert Hoogewerf, chairman of Hurun Report. Moscow (66), Hong Kong (64) and Shanghai (50) rounded out the top five cities by number of billionaires. Five of the top 10 ...
Donald Trump Is Right – Here Are 100 Reasons Why We Need To Audit The Federal Reserve
Post Date: 2016-02-24 13:23:24 by U don't know me
2 Comments
Donald Trump Is Right – Here Are 100 Reasons Why We Need To Audit The Federal Reserve By Michael Snyder, on February 23rd, 2016 Donald Trump - Photo by Marc NozellWhen one of our major politicians gets something exactly right, we should applaud them for it. In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct. Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama. Financial markets all over the planet gyrate wildly at the smallest comment from Fed officials, and virtually every boom and bust cycle over the past 100 years can be traced directly back to ...
1 in 4 Americans on verge of financial ruin [Full Thread]
Post Date: 2016-02-23 20:50:38 by U don't know me
49 Comments
1 in 4 Americans on verge of financial ruin By Catey Hill Published: Feb 23, 2016 5:31 a.m. ET The rich keep getting richer. The rest of us aren’t so lucky. According to a survey released Tuesday by Bankrate.com of more than 1,000 adults, nearly one in four Americans have credit card debt that exceeds their emergency fund or savings. And that’s partially because many people, in addition to their debt, don’t have a dime in their emergency fund at all: another Bankrate survey released earlier this year found that 29% of Americans have no emergency savings at all. These numbers mean that many Americans are “teetering on the edge of financial disaster,” says ...
QVC Laying Off 220, Shipping Jobs to Poland
Post Date: 2016-02-19 13:50:33 by Willie Green
2 Comments
QVC is laying off 220 people as it ships parts of its HR, IT, finance and legal departments to Krakow, Poland. Approximately 100 people at the company’s West Chester, Pa. campus are expected to lose their jobs. There are also 40 layoffs in the U.K., 70 in Germany and 10 in Italy. QVC CFO Ted Jastrzebski broke the news to Pennsylvania workers on Wednesday, leading some long-time employees to get emotional, according to a source familiar with the situation. Some of the terminated employees had been with the company since its very first years in the late 1980s, the source said. The layoffs are expected to begin no earlier than January 2017 and will ...
Apple won't unlock terrorist's secrets
Post Date: 2016-02-17 10:04:11 by Willie Green
22 Comments
A Los Angeles federal court has ordered Apple to unlock the cellphone of one of the San Bernardino shooters. Apple CEO Tim Cook says he won't provide a "back door." Veuer has the details in the video above. Poster Comment:Apple CEO Tim Cook should have all his assets confiscated for obstruction of national security. And then toss him in prison to rot.
EPA Rule To Ban Car Modification
Post Date: 2016-02-11 11:12:27 by Deckard
9 Comments
EPA and NHTSA complete work on a regulation banning sale of go-fast engine parts for automobiles.The Obama administration is looking to close down the automotive aftermarket. Tucked deep within a proposed rulemaking governing diesel truck engines, the Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) introduced language that would prohibit any changes to an automobile's engine or exhaust after it leaves the factory. The Specialty Equipment Market Association (SEMA) raised the alarm Monday after discovering the hidden provision."Certified motor vehicles and motor vehicle engines and their emission control devices must remain in their ...
AT&T fights to keep your internet as slow as possible
Post Date: 2016-02-09 16:59:34 by Willie Green
0 Comments
Last February, the Federal Communications Commission made history by taking sweeping action to promote a fast, fair, and open internet. Their net neutrality ruling made the most headlines, but a second ruling preventing states from blocking localities seeking to develop municipal broadband was nearly as huge. Both have been fought tooth and nail—and taken to court—by industry. That's made Chattanooga, Tennessee, ground zero in a war financed by AT&T. Chattanooga, Tenn., is more than 2,400 miles from Silicon Valley, but residents of the Southern city have access to broadband that's 50 times faster than the majority of Internet connections in ...
Why Glenn Beck’s Media Empire Is Burning Down
Post Date: 2016-02-04 11:30:53 by cranky
11 Comments
Glenn Beck was thanked by Ted Cruz in his Iowa victory speech, but for all his ‘mad genius,’ the right-wing media firebrand’s media company has become an abyss of backbiting and paranoia. Glenn Beck is beset by apocalyptic visions, sinister conspiracy theories, mind-blowing prophecies, mysterious illnesses, miraculous cures, and, yes, copious waterworks. But of all of the hobgoblins fluttering through his mind, consistency isn’t one of them. Beck regularly contradicts himself in word and deed—a trait that his less charitable associates call hypocrisy. For instance, mere months after announcing, with typically messianic zeal, that he was heartily sick of politics ...
Stock Buybacks and the Wall Street Sharktank: “A Whole Lotta Stealin’ Goin’ On”
Post Date: 2016-01-25 20:25:25 by U don't know me
0 Comments
Stock Buybacks and the Wall Street Sharktank: “A Whole Lotta Stealin’ Goin’ On” By Mike Whitney January 25, 2016 "Information Clearing House" - "Counterpunch" - Let’s say you lend your brother-in-law, Pauli, 5,000-bucks so he can get his fledgling construction business off-the-ground. Then, you find out a week later that ‘good-old Pauli’ has shot the wad playing the horses at Long-acres and buying cocktails for his loafer-friends at Matt’s Mad Dog tavern? Would you feel like you’d been ripped off? Sure you would. But when some slick corporate fraudster pulls the same scam, no one even raises an eyebrow. What am I talking ...
62 People Have More Wealth than Half the World, Top 1% Have More than All of Us
Post Date: 2016-01-19 19:09:41 by Deckard
4 Comments
Just 62 individuals now hold the same amount of wealth as 3.6 billion people, the bottom half of the entire planet — a shocking statistic made even more alarming when considering as recently as 2010, that same half of all wealth was held by 388 people. Now, 80 billionaires collectively hold over $2 trillion, while the bottom half has lost $1 trillion of their wealth — in just five years. A new report published Monday by Oxfam International — tellingly titled, An Economy For The 1% — reveals a number of jaw-dropping figures that illustrate the struggles resultant from such an exponential increase in the stratification of wealth. According to the study: (adsbygoogle = ...
Rand Paul to Fox Business: I'm skipping your debate (Rand/Fiorina booted to undercard)
Post Date: 2016-01-11 19:59:09 by Hondo68
4 Comments
WASHINGTON (CNN) - Just seven Republican candidates will appear on the main stage for Thursday night's GOP primary debate in South Carolina, Fox Business Network announced on Monday night, leaving off previously included candidates Rand Paul and Carly Fiorina. In an interview with CNN's Wolf Blitzer on Monday, Paul said he would boycott the Fox Business debate and called the network's decision a "mistake.""It's a mistake because the thing is we actually have been in the top five or six in most of the recent polls. In fact, last week in a national poll we were just one point out of fourth place. So I think it's a mistake to try to exclude me from the ...
Get Walmart Off Welfare
Post Date: 2016-01-11 12:11:41 by Willie Green
6 Comments
Poster Comment:Go Bernie Go!!!
Nevada Pimp runs for state senate as a Libertarian
Post Date: 2016-01-09 13:37:36 by Willie Green
8 Comments
Brothel owner Dennis Hof announced Friday he would be running as a Libertarian for the Nevada Senate seat currently occupied by outgoing Sen. Greg Brower, R-Reno. Hof was originally considering running for U.S. Senate, but said he did not want to kowtow to special interests for money. “You just can’t get the $5 million to 10 million without whoring yourself out and I’m not going to do that,” he said. “There’s a lot of people willing to give me money, but there’s a payback. I’m not going to compromise my principles.” Hof said he chose the Libertarian Party after being introduced to it by John Stossel. “It’s kind of neat,” he ...
The Plan to Unite Bitcoin With All Other Online Currencies
Post Date: 2016-01-07 11:00:08 by Willie Green
0 Comments
Bitcoin isn’t the only way of sending digital money across the Internet. There’s also Ripple. And Stellar. And Litecoin. And Ethereum. And so many others. Bitcoin is by far the most popular. But every so often, some developers or an entrepreneur or a company will decide we need something better. A coder named Jed McCaleb built Ripple as a better bitcoin. Then he built Stellar as a better Ripple. And he’s not the only one. Now, there’s a movement to create a technology that would let all these online ledgers talk to one another, that would let you send money between these systems. Dubbed the “interledger protocol,” the project began at the company that oversees ...
The Quiet Revolution: Bitcoins for Grandma
Post Date: 2016-01-06 17:03:46 by Willie Green
1 Comments
I had family that lived in Rypin, Poland. We went to visit every few years during the 1980s and 1990s, the whole American side winging over to Warsaw in an LOT 747 with a wonky overhead projector that played third-run movies and a staff that was at once kind and surly. We'd ride from Warsaw's airport in a taxi piloted by a mustachioed man who asked for about $60 to carry us 155 kilometers in his FSO Polonez – popular in the 1980s because it fit more than two people and wasn't quite a death trap. When we finally got to the small town in the middle of nowhere we would end up in what looked like an abandoned settlement. A delicate skein of coal smoke fell over the streets at ...
Mexican marijuana farmers see profits tumble as U.S. loosens laws ($30 a Kilo)
Post Date: 2015-12-31 18:29:53 by Hondo68
7 Comments
This farmer in western Mexico says he began growing marijuana when he was a teenager. He says this will be his last crop. He started growing marijuana as a teenager and for four decades earned a modest living from his tiny plot tucked at the base of these rugged mountains of western Mexico. He proudly shows off his illegal plants, waist-high and fragrant, strategically hidden from view by rows of corn and nearly ready to be harvested. "I've always liked this business, producing marijuana," the 50-year-old farmer said wistfully. He had decided that this season's crop would be his last. The reason: free-market economics. The loosening of marijuana laws across much of ...
Deer brains, heads, parts confiscated from Chinese restaurant
Post Date: 2015-12-31 09:30:53 by Willie Green
3 Comments
The Pennsylvania Game Commission is investigating a large quantity of deer heads, brains and other, unidentifiable parts found at the New China House restaurant in Lititz Dec. 16, according to an agriculture department inspection report, but the eatery remains open. The restaurant, at 721 S. Broad St., was listed as "out of compliance" by the state Department of Agriculture after an inspector Dec. 16 found 18 violations, including the following: "PA Game Commission confiscated the following from facility walk-in cooler and freezer after operator was unable to provide documentation that game animal meats being used in the facility were from an approved source: deer ...
God's Sports Company accused of $3 Million Fraud
Post Date: 2015-12-25 09:47:13 by Willie Green
2 Comments
A Coto de Caza couple who owned a sporting goods company known as God's Sports Company (GSC) are scheduled to be arraigned this morning on charges of defrauding investors and stealing more than $3 million through an affinity scheme, according to the Orange County District Attorney's office (OCDA). What is an affinity scheme? The OCDA, citing the Securities and Exchange Commission, says: Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly or professional groups. The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. They often enlist respected ...
So much for running out of OIL!
Post Date: 2015-12-14 09:04:14 by Justified
20 Comments
I remember people claiming we were running out of oil. That we have reached "peak production". Oil just broke the $35 a barrel with no end in sight of slowing production! Saudi's have declared war on America. They will destroy shale oil business because its kicking their butt. America was independent of its grip for the first time in my life time. Obama is happy big little oil is getting raped by the Saudi's. I believe oil can be drilled for $30 a barrel and break even. I believe oil can be pumped out of the ground for $14 a barrel and break even. Get ready to see defaults in the small oil companies because $25 a barrel is coming.
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