ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 19 18:21

Dynamic Pricing

Feb 19 18:20

What Good has Bitcoin Done for the World?

By Stefan Kløvning

I used to be relatively passive to Bitcoin and crypto-currencies in general. I was long persuaded by Peter Schiff’s argument that Bitcoin was a bubble that would “have a very short life” due to its lack of intrinsic value and speculative nature, and that it therefore does not fulfill Aristotle’s five criteria for good money. As it was a rather new technology, I wasn’t the only skeptic. In the forefront among the crypto-currencies, it thus shocked the world when it hit $20,000 in value in the year-change of ’17/18. What in the world could make it so expensive and popular?...

Feb 19 18:09

What ZIRP is doing to the world

Feb 19 17:36

Apple's priorities are shifting as iPhone sales continue to sink

As iPhone sales continue to sink, Apple has made several key moves over the last year as it prepares new offerings to juice growth elsewhere in the business.

If you've been listening to CEO Tim Cook's comments on earnings calls and in interviews recently, none of this should come as a surprise. The company has stopped reporting iPhone unit sales figures, and instead talks more about its growing base of active devices, which the company says can be used to squeeze out more revenue through its digital services like Apple Music, App Store sales and extra iCloud storage.

But it's not just about those subscription services. Apple has made several shifts in recent months that signal its preparing to move beyond the iPhone in other ways, such as artificial intelligence, the growing smart home market and digital health monitoring.

Feb 19 16:51

Families of five American oil executives held in Venezuela for 15 months say they are being held in 'deplorable conditions' and there appears no end in sight to their nightmare as Maduro tightens his grip

Families of five American oil executives being held as part of the 'Citgo Six' say their relatives are living in overcrowded and inhumane Venezuelan jails.

Five American men, from Louisiana and Texas, have been sleeping in cramped cells and been starved since their arrest in Caracas in November 2017, their relatives claim.

The oil company they worked for is in the grip of a power struggle between Maduro and his rival for the presidency, the US-backed Juan Guaido.

A recent picture of one of the executives Tomeu Vadell, whose family live in Texas, shows dramatic weight loss and he appears extremely malnourished.

Webmaster's Commentary: 

Forgive me, but IF legitimate, these held executives are a cause for concern; But the question here is, why has the US government not been in doing good faith negotiations to get them out?!? What will it take?!?

However, looking at the language here, excuse me, but this has "Wag the Dog" written all over it. (and if you have never seen it, do yourself a favor and buy it; this is PRECISELY how things get done in DC.)

Feb 19 15:22

Food Prices Will Rise In 2019 Adversely Impacting Those Living Paycheck To Paycheck

Almost 80% of Americans live paycheck to paycheck barely able to afford to put food on the table. That’s terrible news considering the predictions currently assume that grocery prices will steadily continue to rise during 2019.

Grocery prices are expected to rise by 1 percent or 2 percent this year, according to the United States Department of Agriculture. It may seem small, but with so many U.S. households already living paycheck to paycheck, it could be just enough to have a real financial impact. Although food prices rose by just a fraction of a percent last year, and that was the first increase in three years, and it looks like prices will rise consistently during 2019, according to WCVB 5, an ABC News affiliate.

Webmaster's Commentary: 

Mike and I had a little bit of shopping to do yesterday, and we were more than a little "sticker shocked" by what the shopping wound up costing.

At least, in this little household of two (Thank Heaven!) I do know how to slow cook, which gives you the option of getting originally tougher cuts of meat very tender.

Feb 19 14:56

Google is quietly creeping into US banks

Feb 19 14:26

Why The Oil Rally Isn’t Over Yet

Feb 19 14:06

China car sales, Euro sector balances

Feb 19 13:19

Venezuela Under Washington’s Gun

A full court press is taking place in Florida today (Presidents Day) with Republicans, Democrats, expatriates from Cuba and Venezuela and the warmonger ministry of propaganda that constitutes the US media all denouncing Maduro and blaming him for the hardships imposed on Venezuelans by Washington’s sanctions and attacks on Venezuela’s currency.

Even “liberal” NPR is reading off the same fascist warmonger script. NPR managed to report on Venezuela without mentioning the sanctions, without mentioning the theft of Venezuela’s gold foolishly entrusted to the US and British central banks, or the orchestrated protests funded by US-financed NGOs that are small in comparison with the crowds that support Maduro that are never mentioned in the US media. In other words, NPR is just another part of the whorehouse brigade.

Webmaster's Commentary: 

This is a typically blunt, but completely honest assessment of what is going on in Venezuela, courtesy of Dr. Paul Craig Roberts.

And as someone who deeply appreciates what this man has to say, I would tell him, that the truth of situations is still out there, as evidenced by the continued existence of sites like global research and wrh; people just have to look a little further afield than the local telly, as the writing, producing, and reading of this codswallop is all engineered to get an emotional response from the reader, in order to further the US government's agenda.

Feb 19 13:14

I owe how much? Americans shocked by impact of new tax law

Wait, I owe the IRS? -- The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those accustomed to getting money back from the government.

Feb 19 13:12

Businesses in the Middle East have begun to think ‘Make trade not war’ and being part of China’s Belt and Road scheme

Singapore, aiming high for the status of Asia’s unofficial capital, seems like the ideal venue for a conference to discuss how the Middle East could learn a few lessons from ASEAN’s multi-layered relations with China, especially involving partnership in the New Silk Roads, or Belt and Road Initiative (BRI).

But first, let’s get things straight. The “Middle East” is, of course, a Eurocentric, Orientalist denomination. From Asia’s – and China’s – cultural and geographical point of view, the “Middle East” is correctly seen as Southwest Asia.

It’s enlightening to evaluate two Chinese informed perspectives on how China is deploying its geopolitical soft power across Southwest Asia in contrast to the Trump administration’s immensely muddled strategy.

Webmaster's Commentary: 

This is a great place for the world to start; and I wholeheartedly agree with the concept of trade trumps war ANY day, in my book

Feb 19 12:44

Germany Unveils Its Version of the Green New Deal

By Mitchell Gunter

Germany grabbed headlines across the globe in late January by proposing a complete government ban on utilizing coal for energy by 2038, effectively signing the industry’s death warrant.

Rep. Alexandria Ocasio-Cortez’s (D-NY) draft “Green New Deal” produced anger, confusion, and outright laughter across the nation earlier this month, effectively proposing to eradicate the health insurance, nuclear energy, and fossil fuel industries overnight in addition to providing “economic security” to those “unable or unwilling to work.”...

Feb 19 12:39

U.S. pressing Gulf states to keep Syria isolated - sources

The United States is lobbying Gulf states to hold off restoring ties with Syria, including the UAE which has moved closer to Damascus to counter the influence of its rival Iran, five sources told Reuters.

The opposing approaches are an early test of whether Syrian President Bashar al-Assad can gain political and diplomatic credibility after a nearly eight-year civil war turned him into an international pariah.

Many countries cut links with Syria at the start of the war.

Several Gulf states shut or downgraded their embassies, Syria was suspended from the Arab League, flights stopped and border crossings were closed. The United States and other countries imposed economic sanctions.

Washington, backed by Gulf countries Saudi Arabia and Qatar, does not want Syria welcomed back into the international community until a political process to end the war is agreed.

Webmaster's Commentary: 

It is apparent that these alleged reporters for Reuters UK are spewing the codswallop just as hard, and as quickly, as their US/UK masters are ordering them to do.

It is painfully obvious that the US/Israel still want regime change, and are couching it in the language of they do "not want Syria welcomed back into the international community until a political process to end the war is agreed."
Regime change to a western centric government is what they want, and for what they will move heaven and earth to get, with Al-Assad given no place on the ballot.

Al Assad did not have a civil war on his hands at the outset here; various US, Israeli, and other resources, trained, funded, and armed jihadis who were spirited into the country to destabilize Damascus; the US is just expressing sour grapes that its destabilization plot could not be made to work.

Feb 19 11:42

10,000 French Tobacco Shops Begin Offering Crypto Vouchers

As the Yellow Vests burn traditional bank notes in protest, 10,000 French tobacco shops begin offering cryptocurrency purchases via a new voucher system...

Feb 19 11:40

After the Trade War, a Real War With China?

Our sudden hostility to China reflects a consensus – at least within the Washington Beltway – that we need to wrestle China to the ground and pin it there. But what are the chances we can do that? What are the consequences of attempting it? Where are we now headed with China?

Realism is out of fashion in Washington even if it’s alive and well elsewhere in America. It should give us pause that our new enemy of choice is a very different, larger, and more dynamic country than any we have unbefriended before. China had a couple of bad centuries. But forty years ago, the Chinese Communist Party and government began to evolve what turned out to be a successful model of economic development that blended state capitalism with free enterprise. This unleashed the entrepreneurial talents of the Chinese people. The results have been staggering.

Webmaster's Commentary: 

Folks, this is a very long read, but absolutely worth it, in terms of US/China/Taiwan relations, and how they might be bettered, or get completely nasty, if there is a war between the US and China over the future of Taiwan.

Feb 19 11:19

Trump: Venezuelan Military Members Must Abandon Maduro or ‘Lose Everything’

Delivering another speech in support of Venezuela regime change during his visit to Miami on Monday, President Trump warned Venezuelan military members will “lose everything,” and find “no safe harbor” anywhere in the world if they continue to defy US expectations.

For weeks, Trump has endorsed opposition leader Juan Guaido as the rightful ruler of Venezuela. In practice, President Maduro remains in power, and still has overwhelming loyalty among the military leadership. Officials have conceded that without a shift in the military, an actual regime change is unlikely.

Which is where Trump’s threats come in. Though some in the administration are arguing Trump was referring to secret Venezuelan military official money stashes worldwide, the reality is that most have little but their future and their lives, and that’s what Trump is saying they’ll lose, reiterating that all options are on the table.

Webmaster's Commentary: 

Really, Mr. President?!?

Have we, under your watch, devolved from being a nation of laws, which comports itself in a reasonable and sane manner in its dealings with the international community, to a nation of threats, as were heard last weekend in Warsaw against Iran, and yesterday, in your speech to the military officers of Venezuela?!?

Unfortunately, "workable, subtle solutions" are absolutely not hardwired into your DNA, sir.

Do you have any bit of understanding, how bad the optics looked in both cases, to the international community, and voters here at home?!?

Sir, in these two cases, you have truly become a caricature of a world leader who cannot lead by inspiration, but is pushed by desperation (and the Neocons, who have never really gone away) to make some very horrible choices in terms of US foreign policy, which we may all soon come to regret.

It has become very painfully clear to me, and to others who initially believed that you would be a better choice than would have Clinton in 2016, that in the end, again...yet...still... we were only voting for, and supporting, what we believed to be "the lesser of two evils".

How history will judge your presidency remains left to be seen; but sir, I sincerely doubt it will be kind to your "legacy" for this country.

Feb 19 11:11

Blain: "My Recent US Trip Was An Eye-Opener - Poverty Has Never Been So Visible On The Street"

US President's day

Another fascinating weekend… It’s a holiday in the US, and much of UK is off for mid-term. I’m still trying to digest the importance of last week’s news about Amazon pulling out of its New York HQ2 deal in light of protests by liberal lefties. I’m thinking it’s a very interesting moment, and rather changes the game.

How much do current events, like Amazon, change the game of Macro Strategy decisions? In the past the role of strategist was to carefully scrutinise, analyse and conceptualise Central Bank interest decisions, input the available economic data into our calculations, spice it up with some expectations about global trade prospects, and make rosy assumptions about growth and consumption to determine (ie; guess) if stock and bond prices will rise or fall, and therefore what to buy.

Feb 19 11:11

China Car Sales Plunge Most In 7 Years Amid Global Auto Industry Meltdown

Car sales in China continued their relentless descent in January, falling 17.7%, as we recently expected would happen when discussing Europe's tumbling January auto sales. This follows the country's first full year slump (2018) in more than two decades and it puts further pressure on the state of the global automotive market.

The drop marked the eighth monthly retail sales decline in a row and was the biggest one-month drop in seven years.

Feb 19 11:02

$21 Trillion: “Missing Money” from American DoD and HUD budgets from 1998 to 2015

I’ve been going over and over in my head what "missing money" means. Let’s review.

Dr. Mark Skidmore did an analysis of the DoD and HUD budgets from 1998-2015. He and his students found that there were $21 trillion dollars in undocumentable adjustments, for a budget that started out at $271 billion in 1998 and ended at $637 billion in 2015.

Feb 19 10:46

The utterly unbelievable scale of U.S. debt right now

This week, the United States national debt ticked above US$22 trillion for the first time, an amount equivalent to $67,000 per U.S. citizen.

The U.S. federal government owes more money than any other institution in the history of human civilization. And it’s just getting worse. According to the Congressional Budget Office, in only 10 years the U.S. debt-to-GDP ratio will be higher than any point since the Second World War.

Below, a few factoids about just how eye-wateringly, bone-chillingly large the U.S. debt has become.

Feb 19 10:40

Hispaniola Rising: How the US Coup in Venezuela Is Taking Root in Haiti and the Dominican Republic

For more than a decade Venezuela has aided the governments of Haiti and the Dominican Republic through a preferential system known as Petrocaribe, and the people of those nations are not taking their governments’ support for the US coup in Venezuela lightly.

As Judas betrayed the Son of Man with a kiss for 20 pieces of silver, the institutionally corrupt governments in Port-au-Prince and Santo Domingo have written another sad chapter in their nation’s history.

Ironically, it was Venezuela that helped to develop the island’s energy infrastructure in recent years. A key part of this is the REFIDOMSA oil refinery in the Dominican Republic which the Venezuelan government helped to develop and partially owns, and which has also been used to help alleviate increased fuel demands and shortages in Haiti.

Feb 19 10:29

‘I do not recognize my country’: Yellow Vests who have lost eyes, limbs demand justice from Macron

France gathered for the 14th week of Gilets Jaunes protests, with the injury toll of the worst civil unrest in decades now resembling that of a small war. Yet despite pleas from victims, Emmanuel Macron is tightening the screws.
“This is not normal. We are in France, one of the oldest and best democracies in the world,” says Fiorina Jacob Lignier, who lost her eye at a demonstration in Paris on December 8. "We usually condemn from afar other countries where this occurs, that this is happening here is unbelievable."

Lignier, a 20-year-old philosophy student, traveled from the northern city of Amiens to march on the Champs-Elysees to protest against fuel taxes with her boyfriend, Jacob Maxime.

He told RT that they were marching with a column of peaceful demonstrators, when a group of masked radicals began to vandalize a shopfront more than 50 yards away.

Webmaster's Commentary: 

One has to wonder .... if the "masked vandals" were actually elements of France's Secret Police, attempting to vilify peaceful protesters.

But I look at this young woman, with all her life before her, never being able to see out of the one eye she lost to the gas grenade strike, and of course, most probably never receiving any compensation by the French government, for her injuries.

I had to to wonder if France's police train with the IDF; their methods, motives, and opportunities, look very similar, in this case of crowd control gone horrifically wrong, unfortunately, my suspicions were entirely correct, as evidenced by the following article, with a dateline of early December,
2018:

Video: Mayhem in Paris, French police use tear gas and water cannons on yellow v vest protests

The article goes on to state: "Viewing the shooting angles of the tear-gas launchers, in the video, we can see police shooting them in a straight line at protesters. This is in violation of the normative use of tear-gas launchers, and are widely understood to be used as a form of projectile weapon, with the canister itself – not the gas per se – being a high-speed object meant to seriously injure those it strikes.

This is in line with the practices now being taught in France’s Gendarmerie, who train annually with Israel’s IDF."

Feb 19 10:26

ONCE HAILED AS UNHACKABLE, BLOCKCHAINS ARE NOW GETTING HACKED

Early last month, the security team at Coinbase noticed something strange going on in Ethereum Classic, one of the cryptocurrencies people can buy and sell using Coinbase’s popular exchange platform. Its blockchain, the history of all its transactions, was under attack.

Feb 19 10:16

Food Prices Will Rise In 2019 Adversely Impacting Those Living Paycheck To Paycheck

Almost 80% of Americans live paycheck to paycheck barely able to afford to put food on the table. That’s terrible news considering that the predictions currently assume that grocery prices will steadily continue to rise during 2019.

Feb 19 10:12

More than 7,000 sign petition to sell Montana to Canada for $1 trillion to pay down national debt

More than 7,000 people have signed a petition to “sell” Montana to Canada for $1 trillion and use the proceeds to pay down the national debt – and it seems our northern neighbors would gladly welcome this bite out of the 49th Parallel.

“We have too much debt and Montana is useless,” says the text of the Change.org petition launched last week.

To get Canada to agree, “Just tell them it has beavers or something.”

That’s the entirety of the “cause,” though the slew of comments tacked onto the end by people giving their reasons for signing fleshed that out, as names were being added every three to four minutes on Monday.

Feb 19 09:27

Shanghai Gold Exchange Transactions

Feb 19 09:04

RUSSIA AND CHINA ARE CONTAINING THE US TO RESHAPE THE WORLD ORDER

SOURCE: THE DURAN
Authored by Federico Pieraccini via The Strategic Culture Foundation:

Moscow and Beijing, following a complex relationship from the period of the Cold War, have managed to achieve a confluence of interests in their grand objectives over the coming years. The understanding they have come to mainly revolves around stemming the chaos Washington has unleashed on the world.

The guiding principle of the US military-intelligence apparatus is that if a country cannot be controlled (such as Iraq following the 2003 invasion), then it has to be destroyed in order to save it from falling into Sino-Russian camp. This is what the United States has attempted to do with Syria, and what it intends to do with Venezuela.

Feb 19 09:03

WARNING: The Coming Food Crisis | Be Ready

Feb 19 09:00

FLASHBACK - List of Banks Owned or Controlled by the Rothschild Family

“Give me control over a nation's currency, and I care not who makes its laws” – Baron M.A. Rothschild

Feb 19 08:48

EU banks are in the clear over Brexit as they will be able to carry on using London for £60 trillion of crucial trading even if there is a No Deal

Major banks on the Continent will be able to carry on using London for £60 trillion of crucial trading activity even if there is a No Deal Brexit.

Large lenders inside the European Union have been given permission by Brussels to continue accessing so-called clearing houses in the City for a year after we leave.

These clearing houses allow banks to trade complicated derivatives which underpin vital lending to households and businesses.

Feb 19 08:09

My Amazon Perspective

Feb 19 08:04

Precisely- all after a “pause”

Feb 19 07:53

And The ‘Dumb Money’ Goes All In Again

Feb 18 18:28

TRADE WAR: Juncker warns Trump over car tariffs - EU ready to react immediately

BRUSSELS will not hesitate to slap hefty tariffs on cars made in the United States if Washington decides to do the same, Jean-Claude Juncker has warned.

Feb 18 16:15

Weather-beaten, ignored, humiliated: Photographer spends a month taking shots of the homeless in New Jersey's affluent Cape May, who struggle to survive just meters from million-dollar houses and yachts

The powerful black and white pictures were captured by American photographer Donato DiCamillo, 50.

The pictures offer an insight into the hardships and struggles of those left to sleep rough in the affluent city.

Mr Di Camillo spent a month in the city trying to document the lives of rough sleepers with care and dignity.

Webmaster's Commentary: 

These are heartbreakingly beautiful images; and as I look at these portraits, I have to wonder; why is there no place for them here?!?

It appears that we are spending a great deal of money here in the US for social services; but why can't this money reach these people in some tangible form?!?

Something is really, abysmally wrong with a system which cannot help the most fragile members of our society.

Feb 18 15:49

Caution

Feb 18 12:29

The Credit Markets Have Stalled

Credit markets often move before the equity markets, and this can offer helpful information about the near-term path of equity prices. In general, I like to see credit confirming what the equity markets seem to be saying. When credit stalls, like it is now, I take notice.

Investment grade spreads recovered about 30bps between January 3 and February 5, 2019. They have since widened out by about 2bps while the equity market is mostly flat.

Feb 18 11:01

FORMER CIA OFFICER EXPOSES CLINTON CHARITY FRAUD AS BIGGEST SCANDAL IN US HISTORY

Shipp explains, “Hillary Clinton was running and is running a global financial criminal syndicate. She was using these secret servers to conduct Clinton financial money laundering business."

"The shocking thing about that is all the former directors of the CIA that have come out to support her, from Clapper to Brennan to Morell to Robert Gates supporting her being elected, knew about this criminal syndicate. Comey was protecting it. Lynch was protecting it. Weissmann was protecting it. And that is the big why. What’s she got on these people? Are they financial ties? They had to be aware of this, especially the counter-intelligence units. We know it was hacked into by foreign intelligence services because it was just hanging out there. Hillary Clinton was running a secret server outside the Department of State for the purposes of laundering money through the criminal Clinton Foundation.”

Webmaster's Commentary: 

The monied seldom eat their own; I would be willing to wager that the "Gruesome Twosome" will ultimately pass at a ripe old age, without ever being questioned again on this money laundering scheme.

Feb 18 10:58

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

While some people have received some surprise tax bills when filing their returns, corporations continue to avoid paying tax — thanks to a cocktail of tax credits, loopholes, and exemptions.

According to a report from the Institute on Taxation and Economic Policy (ITEP), Amazon (AMZN) will pay nothing in federal income taxes for the second year in a row.

Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal tax responsibility is 21% (down from 35% in previous years). But with the help of tax breaks, according to corporate filings, Amazon won’t be paying a dime to Uncle Sam despite posting more than $11.2 billion in profits in 2018.

How is that possible?

Webmaster's Commentary: 

While the rest of us may be sweating bullets over our individual tax returns, it looks like major corporations, making huge profits, don't have to pay one dime.

Corporate welfare means that the executives at these corporations live extraordinarily well, thanks to both current tax logs, and their having armies of lawyers and accountants on speed dial.

Feb 18 10:51

ALL US CITIZENS ORDERED OUT OF HAITI AMIDST MASS UNREST AND CHAOS

Haiti continues to be gripped by civil unrest and mass protests demanding that President Jovenal Moise step down over charges of corruption and and rampant inflation under his watch — yet unlike similar unrest happening hundreds of miles due south of the small Caribbean country in Venezuela, Washington has stood in support of the president. Starting Thursday the US State Department urged all American citizens out of the country and issued a no-not-travel advisory due to "crime and civil unrest".

Feb 18 10:04

RUSSIA'S GAZPROMBANK FREEZES ACCOUNTS OF VENEZUELA'S PDVSA: SOURCE

Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.

While many foreign firms have been cutting their exposure to PDVSA since the sanctions were imposed, the fact that a lender closely aligned with the Russian state is following suit is significant because the Kremlin has been among Venezuelan President Nicolas Maduro’s staunchest supporters.

“PDVSA’s accounts are currently frozen. As you’ll understand, operations cannot be carried out,” the source said. Gazprombank did not reply to a Reuters request for a comment.

PDVSA brandished the story as “fake news” on its Twitter account in capital red letters, but did not reply to a request for comment.

Webmaster's Commentary: 

This is a very significant move for the Russian oil lender to make; one has to wonder if they are going to try to get the money to Venezuela, in other ways than pricing it it, and paying for it, in US dollars.

Feb 18 08:43

Debt Is Back with a Vengeance

Feb 18 08:22

The Federal Reserve - Zionist Jewish Private Bankers

Zionist Jews own and run the Federal Reserve Bank that the US government continually borrows from...and is in debt to.

Napoleon said: When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.

The Federal Reserve Bank is a consortium of 9 Zionist Jewish-owned & associated banks with the Rothschilds at the head:

Feb 18 08:20

The economic collapse is very soon

Feb 18 08:06

The Case for Gold In 2019 – The Economist

Now imagine the world economy goes into a tailspin. There is panic selling of risky assets. Where should you seek safety?

Cash is the most liquid asset; but which kind? The dollar is a natural focal point. Yet America’s fiscal indiscipline and its sizeable current-account deficit might give pause. Other currencies have their faults too.

There is one other destination you might consider, if only because others are starting to think the same way.

And that is gold.

Feb 18 07:55

Weather-beaten, ignored, humiliated: Photographer spends a month taking shots of the homeless in New Jersey's affluent Cape May, who struggle to survive just yards from million-dollar houses and yachts (11 Pics)

hese heart-wrenching images show the plight of homeless people in an otherwise affluent coastal city and the injustice of the system.
The powerful black and white pictures, captured by American photographer Donato Di Camillo, 50, in Cape May, New Jersey, offer an insight into the hardships and struggles of those who have been left to sleep rough in the historic seaside resort that lies around 160 miles south of New York City.

Feb 18 07:39

Credit Exhaustion Is Global

Feb 18 05:29

Is It A (Bull) Trap?

Feb 18 00:27

A Rural Kansas Hospital Owned By A Kansas City-Based Company Closes Abruptly

Oswego Community Hospital, a 12-bed critical access hospital in southeast Kansas, abruptly closed down on Thursday, citing insufficient revenue to cover its operating expenses.

The hospital’s board released a statement saying the hospital had “weathered low patient volumes; high number of uninsured patients; low reimbursement rates; difficulty in getting payment from private insurance providers; low Medicaid and Medicare rates; and the state’s refusal to expand Medicaid.”...

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