ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 02 07:33

Crypto Carnage Continues

Feb 01 17:41

Yes, Appalachia Is Part Of America

Op-Ed by Brandon Turbeville

While America’s military continues to march across the world, destroying nation after nation and the U.S. State Department funds color revolutions in others, the CIA also continues its own campaign of control and manipulation in virtually all the rest. But, moral questions aside, Americans back home aren’t even reaping the benefits of empire abroad. With an economy continuing to mire in depression, crumbling infrastructure, more difficult access to healthcare, tainted food supplies, and a police state that is deepening by the day, the American people are becoming accustomed to lower living standards and all the hurdles associated with it. Indeed, there are parts of the United States – Detroit, Flint, and much of the rural south, for instance, – that resemble a third world country more than anything one might expect to see in “the greatest country in the world.”...

Feb 01 11:39

Outrage erupts over video of sheriff’s deputy dropping off apparent homeless man in San Pedro

A video showing a disheveled and apparently homeless man dropped off in San Pedro by a Los Angeles County sheriff’s deputy has sparked outrage from residents and a Los Angeles city councilman’s demand for an investigation into allegations of homeless “dumping.”

Sheriff’s Lt. Tony Del Pinto of the Lomita sheriff’s station said the department is conducting an internal investigation into the incident, which occurred about 4:30 p.m. Tuesday. He said he was not aware of the arrest warrant that had been issued for the transient.

Feb 01 11:32

L.A.'s homelessness surged 75% in six years. Here's why the crisis has been decades in the making

People left behind by the economic recovery can't compete with young professionals who have bid rents up to record levels.

In another era, they might have found refuge in crumbling hotels and tenements. But many of those buildings were lost in the city's post-recession spree of building, evictions and renovations.

The problem has only gotten worse since Mayor Eric Garcetti took office in 2013 and a liberal Democratic supermajority emerged in 2016 on the county Board of Supervisors.

Tent cities stretch from the Antelope Valley desert to the Santa Monica coast, with stopovers in unlikely communities — even Bel-Air, where a homeless cooking fire was implicated in December's Skirball fire.

Feb 01 11:27

Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion

Since Wal-Mart Stores Inc. announced it would hand out bonuses and expand benefits to more than 1 million associates thanks to new tax reform measures, the retail giant has also laid out plans for store closures and thousands of layoffs at both the store and corporate level.

Wal-Mart WMT, -0.13% confirmed about 1,000 layoffs in California on Monday, including 650 associates in Sam’s Club locations in Los Angeles, Sacramento and Orange County, and 359 at a Wal-Mart location in Sacramento.

A company spokesperson said these cuts were part of the company’s effort to manage its fleet effectively.

Feb 01 11:19

Fed’s Balance Sheet Promises

Feb 01 11:14

Everything Is In Motion, The Agenda Has Been Set

South Korea has made it clear that it won't ban cryptocurrencies, everyone must give their real name and purchase it in the banks. German retail declines. Pending home declines along with existing and new home sales.

Feb 01 10:01

‘Relentless’ growth could see the US topple Russia, Saudi Arabia as world’s largest oil producer, IEA says

The U.S. is well-placed to overtake the likes of Saudi Arabia and Russia as the world's leading energy producer over the next 12 months, according to the latest monthly report from the International Energy Agency (IEA).

"This year promises to be a record-setting one for the U.S.," the IEA said in its closely-watched report published Friday.

"Relentless growth should see the U.S. hit historic highs above 10 million barrels a day (in production), overtaking Saudi Arabia and rivaling Russia during the course of 2018 — provided OPEC and non-OPEC restraints remain in place," the Paris-based organization added.

Feb 01 09:56

Buy a home in an Italian village for 90 PENCE! Sardinian region is selling 200 houses in a bid to stop it turning into a ghost town (but there is a catch)

If you've ever wanted to live in a picturesque Italian village, now's your chance – you can buy a house in one for less than £1.

Ollolai, nestled in the mountain region of Barbagia on the island of Sardinia, is offering 200 abandoned stone dwellings for the bargain price of just €1 (90p) each.

The town’s population has halved over the past three decades, with just 1,300 people – mostly middle-aged childless couples – left, according to thelocal.it.

With just a small number of babies born each year, Ollolai’s mayor decided to prevent the population plummeting further by launching the ‘houses for €1’ scheme in 2015.

But there is a catch – as well as purchasing costs, buyers must commit to refurbishing each dwelling, which are all in a poor condition, within three years at an estimated cost of up to €30,000 (£26,000). They can sell their home after five years if they wish.

Feb 01 09:21

Stockton, California is launching the first basic income experiment in the US

Stockton, a city of 300,000 located in California‘s Central Valley, will soon become the first city in the United States to launch a universal basic income experiment. Certain citizens will receive $500 a month, no strings attached, with the idea of helping people who are struggling economically to thrive. One in four people in Stockton live below the poverty line, thanks to wage stagnation, job loss and rising housing costs, and this move will be an experiment in seeing how a little help can make a big difference in the lives of people who need it.

Feb 01 06:44

S**t Hole Nations Update: We're Facing A Humanitarian Disaster

Dear Mr Trump, we're facing a humanitarian disaster

(*we shouldn't have to listen to the lament of an enemy of America .
CHECK THIS OUT: https://financialtribune.com/articles/economy-domestic-economy/81218/c... Thank You President Trump even if I cant afford it , Im still grateful)

Jan 31 18:43

Dazed and Confused! 1m/3m T-Bill Curve Flirts With Zero Amid Debt-Ceiling Concerns

Between The Federal Reserve FINALLY normalizing interest rates and the constant friction in Congress over the Federal budget and debt ceiling, the Treasury market seems dazed and confused.

Jan 31 17:10

Long-Term Debt and It's Drivers

Jan 31 15:05

The Biggest Threat To U.S. Oil Exports

Jan 31 14:01

Let’s Fix Our Debt Problem With More Debt

Jan 31 13:36

How Did That Get Into My Bond Fund??

Towards the end of financial bubbles, people who previously paid little attention to things like “quality” start trying to figure out what they actually own. The result is either funny or terrifying, depending on the point of view.

Jan 31 12:31

Extreme Readings From The Stock Market

Jan 31 11:35

Donald Trump and Xi Jinping enter the boxing ring

Trump, as a person of business, is not interested in sanctions against Russia. The Russian economy is no competition to the American economy, which can not be said about the Chinese economy. Trump is launching a trade war with Xi Jinping, and the US is about to introduce sanctions against China in the near future. What conclusions should Russia make from this? The completely thoughtless "Kremlin List" from the US Treasury says that this is either an act of trolling or a complete lack of understanding of consequences. One of them is the strengthening of unity of the Russian society on the eve of presidential elections. Vladimir Putin said after the publication of the infamous document that Washington's sanctions against Russian business would be aimed "against all 147 million Russians." Another plus of the "list" is about further rules for the Russian capital to stay in the West. It is not ruled out that business sanctions against Russia would reduce the capital outflow from Russia.

Jan 31 10:55

Why a great economy means bad stock returns

Jan 31 09:41

What About the Debt? Trump's SOTU Ignores a $20 Trillion Time Bomb

President Donald Trump skipped that box in his first official State of the Union address. He did not once utter the words "debt" or "entitlement." The only mention of "deficit" came in reference to America's supposed "infrastructure deficit"—in other words, it came in a call for even more government spending. Trump did reference the "sequester," a colloquial name for the 2013 budget act instituting limited cuts in discretionary spending, but only long enough to call it "dangerous" and to ask for Congress to repeal it so more tax money can be shoveled into the Pentagon.

Jan 31 09:00

What Does it Mean, Saving Rate drops to 12-Year Low when 50% of Americans Don’t Have Savings?

Or what the averages are hiding.

Jan 31 08:17

Poland Signs into Law Anti-Sunday Shopping Legislation, Aims to Give Families More Time Together

New legislation hoping to help Polish families to spend more time together and to give shop workers at least one day’s rest has been signed into law by President Duda, and will come into force in March.

The legislation, worked out by the conservative government and the Solidarity trade union, is expected to draw protests from large Western supermarket chains that are the main target of the law. A large part of their profit is earned on weekends.

Jan 31 07:56

A Market Bear’s Favorite Chart

Jan 31 07:37

Tax Cut Hangover

Jan 31 06:14

Is The Economy Partying Like It’s 1999?

Jan 31 05:22

Panic Grips U.S. Financial Markets As The Dow Falls 362 Points – Worst Drop In More Than A Year

It isn’t going to be a surprise when U.S. stock prices fall 50, 60 or 70 percent from where they are today.  The only real surprise is that it took this long for it to happen. 

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