Latest Articles: Business
Beijing now has more billionaires than New York
Post Date: 2016-02-25 10:54:08 by Willie Green
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
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 Trumps call to audit the Federal Reserve is dead on correct. Most Americans dont 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
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 arent 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 thats partially because many people, in addition to their debt, dont 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
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 companys 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
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
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
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 nailand taken to courtby 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
Glenn Beck was thanked by Ted Cruz in his Iowa victory speech, but for all his mad genius, the right-wing media firebrands 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 isnt one of them. Beck regularly contradicts himself in word and deeda 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
Stock Buybacks and the Wall Street Sharktank: A Whole Lotta Stealin Goin On By Mike Whitney January 25, 2016 "Information Clearing House" - "Counterpunch" - Lets 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 Matts Mad Dog tavern? Would you feel like youd 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
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
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
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
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 cant get the $5 million to 10 million without whoring yourself out and Im not going to do that, he said. Theres a lot of people willing to give me money, but theres a payback. Im not going to compromise my principles. Hof said he chose the Libertarian Party after being introduced to it by John Stossel. Its 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
Bitcoin isnt the only way of sending digital money across the Internet. Theres 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 hes not the only one. Now, theres 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
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
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
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
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
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.
Title lenders fight to keep records secret
Post Date: 2015-12-11 10:44:59 by Willie Green
Three major auto-title lenders have filed legal petitions to block Virginia state officials from releasing company annual reports to the Center for Public Integrity, arguing that doing so would seriously damage their businesses. The title loan industry, which is dominated by three Georgia-based companies, has come under fire from consumer advocates and some lawmakers for charging interest rates that can exceed 300 percent in some states and seizing the cars of borrowers who fail to repay their loans. Title loans are legal in about half the states, and the three major companies operate more than 3,000 stores, including more than 200 in Virginia. The three lenders are: TitleMax of Virginia; ...
Workers At Trump Hotels Vote To Join Culinary Union
Post Date: 2015-12-10 16:34:13 by Willie Green
It looks like the Trump International Hotel in Las Vegas will be unionized. On Dec. 4 and 5, more than 500 hotel employees voted to join the Culinary Workers Local 226 and the Bartenders Union Local 165 of Unite Here. And just last week, workers at the Trump International Hotel in Toronto signed their first union contract. So, the countrys leading anti-union presidential candidate is dealing with at least two of his properties voting to unionize. With us to talk about what that means is Geoconda Arguello Kline, the secretary-treasurer of Culinary local 226. Guests: Geoconda Arguello Kline, secretary-treasurer, Culinary Workers Union Local 226 Click for online Podcast!
Solid U.S. employment report a green light for Dec rate hike
Post Date: 2015-12-04 09:21:39 by cranky
A job seeker (C) talks to an exhibitor at the Colorado Hospital Association health care career fair in Denver April 9, 2013.U.S. job growth increased solidly in November in a show of the economy's resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. Nonfarm payrolls increased 211,000 last month, the Labor Department said on Friday. September and October data was revised to show 35,000 more jobs than previously reported. The unemployment rate held at a 7-1/2-year low of 5 percent, even as people returned to the labor force in a sign of confidence in the jobs market. The jobless rate is in a range ...
Trump booed by GOP Jews
Post Date: 2015-12-04 06:30:48 by Willie Green
The front runner for the Republican nomination, Donald Trump, is not used to icy receptions. That's why - it may have been jarring for the business mogul to be openly booed at the Republican Jewish Coalition Presidential forum on Thursday, where every single GOP candidate appeared, except for Kentucky Sen. Rand Paul. The jeering happened when a moderator, who asked questions after Trump's speech, asked Trump if he would unequivocally name Jerusalem as the unquestioned capital of Israel."You know what I want to do? I want to wait till I meet with Bibi, you know, I'm leaving for Israel in a very short period of time."Trump was referring to Israeli Prime Minister Benjamin ...
World View: Obamacare in Death Spiral as UnitedHealth Announces Pullout
Post Date: 2015-11-21 12:41:22 by Don
This mornings key headlines from GenerationalDynamics.com UnitedHealth warns of end to its Obamacare business Obamacare versus Nixons price controls New York Times: Obamacares high deductibles make insurance all but useless UnitedHealth warns of end to its Obamacare business An Obamacare promotional banner from happier days (Teneshia LaFaye) An Obamacare promotional banner from happier days (Teneshia LaFaye) UnitedHealth Group, the countrys largest health insurer, announced on Thursday that it was expecting to lose $600 million on Obamacare policies in 2016 from the health insurance exchange websites, and may terminate its Obamacare business by ...
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