ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Apr 15 03:27

Rupee Down 12 Paise

Rupee down 12 paise in early trade on fresh demand for dollar

KARACHI: Pakistani rupee further gained value against US dollar in open market and remained firm in interbank on Tuesday.

Apr 15 03:19

China says 57 countries to be founding members of AIIB

A total of 57 countries will be founding members of the new Beijing-backed Asian Infrastructure Investment Bank (AIIB), China's finance ministry said on Wednesday, throwing together countries as diverse as Iran, Israel, Britain and Laos.

Britain surprised some allies last month in deciding to join the AIIB, and was quickly followed by Germany, France and Italy. Among the Group of Seven (G7) industrialized countries, the United States, Japan and Canada remain as absentees.

Washington had cautioned nations about joining the bank seen as a rival to the U.S.-dominated World Bank

Apr 14 21:48

A Condo In San Francisco Is Available For $49 Million

The duplex penthouse at Lumina in San Francisco is marked down for $49 million.

The property is a 13,800 square foot duplex penthouse on the 41st and 42nd stories of the new Lumina building at 201 Folsom Street.

http://whatisusa.info/a-condo-in-san-francisco-is-available-for-49-mil...

Apr 14 19:23

Maternity Leave is Shrinking

Today women are working longer into their pregnancies and sooner after giving birth than in years past.

Apr 14 19:15

Millennial Women Still Earn Less Than Men

Although millennial women tend to be more highly educated than their male counter-parts, they are still earning less money in many careers.

Apr 14 19:05

How to Get the Best Financial Aid Package

The traditional approach to college applications for many families is to pick a school and figure out how to pay for it later. “That formula is a recipe for disaster now,” says Kalman Chany, a New York City-based financial aid consultant and the author of the Princeton Review’s “Paying for College Without Going Broke.”

Apr 14 16:42

Guaranteed paid leave for mothers (weeks)

Apr 14 15:37

How Your Bank Account WILL Disappear

Apr 14 15:37

Flashback: 12 Things you should know about David Cameron's austerity to infinity speech at the Lord Mayor's Banquet

The most glaringly obvious demonstration that Cameron's brain has been addled by the bubble of wealth and privilege he inhabits is the fact that he decided to announce that he plans for the UK public to suffer permanent austerity, whilst reading his speech at the Lord Mayor's Banquet from a gold encrusted lectern.

The evidence is absolutely clear: Tory austerity is for the poor and ordinary, whilst the rich have used this economic crisis to make themselves richer than ever. Corporations and the super-rich get tax cuts, ludicrous pay hikes and state subsidies, whilst the rest of us suffer wage repression, cuts and loss of services.

Apr 14 15:18

The Grace Commission

"all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from their government"

Apr 14 13:59

Hillary Clinton – the ‘Liberal’ Puppet for War

Hillary Clinton this week launched her bid for the US presidential elections in 2016.

Clinton’s Republican rivals or would-be rivals immediately fired the brickbats, accusing the 67-year-old former First Lady of being a «Washington insider» and the «embodiment of all that is wrong» in US politics.

Hillary Rodham Clinton is lambasted by Republicans as a «liberal».

Whether described as «liberal», «conservative» or «hawk» – all American presidential candidates are the same in practice. Puppets for sale.

The unintended irony of Clinton’s Republican detractors, who include rabid rightwing Senators Marco Rubio and Ted Cruz, as well as the maverick Senator Rand Paul, is that every single one of them will have to spend similar amounts of cash in their anticipated presidential campaigns.

Apr 14 13:36

Protesters Slam Wall Street Elites for Profiting Off ‘Misery of Workers’

A union-supported activist group known as the Hedge Clippers disrupted a hedge fund conference in Manhattan on Monday to call out financial investors they say support poverty wages.

Apr 14 12:22

America’s 9 Classes Of Economic Stature

Apr 14 12:04

IMF sees solid global economic outlook even as growth diverges

The International Monetary Fund highlighted an increasing divergence in the growth paths of the world's major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging markets.

Webmaster's Commentary: 

The rich are getting richer and the poor are getting poorer and that is the way the IMF likes it!

Apr 14 11:50

These Companies Are Going To Spend So Much Money Trying To Woo Voters Ahead Of 2016

By one estimate U.S. online political advertising could quadruple to nearly $1 billion in the 2016 election, creating huge opportunities for digital strategy firms eager to capitalize on a shift from traditional mediums like television.

Apr 14 11:49

Republicans Push $269 Billion Handout For Millionaire Heirs And Heiresses

House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealing the federal inheritance tax.

The legislation would shield the very richest families from taxes on the fortunes they inherit. After years of GOP attacks on the inheritance tax, also known as the estate tax, only a few thousand of the wealthiest families are subjected to it -- 4,700 total in 2013, according to the Joint Committee on Taxation. Only individual fortunes worth over $5.43 million can be taxed under current law, an amount that doubles to $10.86 million for wealthy couples. The Republican proposal would eliminate all of these estates -- which are over 15,700 percent richer than the median American household -- from taxation.

Apr 14 10:57

Keith Neumeyer: No Price Discovery In Silver

Apr 14 10:19

A Condo In San Francisco Is Available For $49 Million

The duplex penthouse at Lumina in San Francisco is marked down for $49 million.

The property is a 13,800 square foot duplex penthouse on the 41st and 42nd stories of the new Lumina building at 201 Folsom Street.

http://whatisusa.info/a-condo-in-san-francisco-is-available-for-49-mil...

Apr 14 10:16

Analyst Career Risk

Apr 14 10:07

Boom! Boom! — When the supply lines fail

Unfortunately, the run-up to war against Russia continues

Apr 14 09:44

US Shale oil production may have maxed out - EIA

The shale oil boom may be over, judging from the latest report from the US Energy Information Administration, which said oil output from America’s seven most productive shale formations will decrease for the first time in four years.

The report has had an effect on the oil market with Brent, the benchmark for more than half of the world’s oil, trading above $58.25 per barrel, a 0.55 percent increase, and WTI, the North American blend, advancing one percent to $52.44 at the time of publication.

Apr 14 09:21

Who'd have thought austerity drives the rise in food banks?

The growth of food banks is directly linked to benefit cuts such as sanctions.

It blows a hole in David Cameron’s claim that the huge rise in food bank use could be down to better advertising at Jobcentres.

Apr 14 09:14

IMF close to giving up on Greece after official admits bail-out negotiations are ‘not working’ and the country ‘prepares to default on next debt repayment’

The International Monetary Fund (IMF) is close to giving up its role in Greece's economic resuscitation, with one senior official admitting bail-out negotiations are not working.

The comments came as some voices in Athens seemed to be preparing themselves to default on their next debt repayment.

Poul Thomsen, the IMF's Europe Director has been quoted by the Greek media as saying he could not see a successful conclusion to the country's current bail out.

Apr 14 09:03

BUNDY RANCH TYPE STANDOFF BREWING IN SOUTHERN OREGON BETWEEN MINERS AND BLM

The area in question has produced in excess of 10 million ounces of gold since its conception, and geologists estimate that only 10% of the gold in the ground has been removed, which makes this area highly sought after by any standard. It is said that children find gold with their hands in the creeks to this day.

Webmaster's Commentary: 

the government is desperate for this gold, and will do anything humanly possible to illegally throw the miners off this claim.

I would not be surprised to see a "false flag" done here to be blamed on local militias, and then have US Special Ops round up these miners, and put them where no one will ever hear from them again. Then the Bureau of Land Management will take over the mines, with all the gold going to the US government.

Do you think this can't happen?!?

You had better think again.

In the language of the NDAA (National Defense Authorization Act), the President can have any person, or persons, he has deemed a "threat" to America, arrested, and imprisoned indefinitely, with absolutely no due process.

I wonder if Obama is going to make this his test case of the NDAA; if so, there will be no such thing as private property in this country.

Apr 14 08:40

RAMIFICATIONS -- Andy Hoffman

Apr 14 08:29

Entrepreneurs Are Vanishing… Here’s Why

Apr 14 08:25

Air travel is getting even more unpleasant

The study, conducted by a Wichita State professor and the dean of Embry-Riddle’s College of Aviation, found the percentage of on-time flights fell to 76.2% in 2014 from 78.4% a year earlier. What’s more, the number of lost bags rose 13% and bumped passengers increased by 3%.

It’s no wonder that consumer complaints jumped 22%.

Apr 14 08:06

Ruby Tuesday to close 30 restaurants following quarterly losses

Ruby Tuesday will close 30 restaurants over the next few months, though they won’t say which ones.

Webmaster's Commentary: 

They just closed the one at Ala Moana shopping center.

Apr 14 07:49

Jeff Deist: A Free Market in Money?

Apr 14 07:29

Chart Of The Day: Volatility Ratio Warning

Apr 14 07:08

Doorbell

Apr 14 05:14

The Very Same People That Caused The Last Economic Crisis: The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives

The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail” would never be a problem again. Instead, as you will see below, those banks have actually gotten far larger since then. So now we really can’t afford for them to fail.

Apr 13 22:08

The Obama Family Paid 93,362 Dollars In Federal Taxes In 2014

United States President Barack Obama and his wife Michelle paid 93,362 dollars in taxes for the year 2014 on revenue of more than $477,000, according to the White House. Its effective tax rate was 19.6%, shows the document published Friday.

http://whatisusa.info/the-obama-family-paid-93362-dollars-in-federal-t...

Apr 13 19:47

Shrinkflation! How sneaky firms are making your favourite products smaller, but NOT shrinking the price

Whether it's a chocolate bar that no longer satisfies your appetite or washing powder which now runs out before your next shop, many of our big brands are shrinking their products.

The latest casualty are boxes of Cadbury's Fingers which, it was announced yesterday, will contain two fewer chocolate fingers from now on.

They join Creme Eggs, PG Tips teabags and even John West tuna in the ever-increasing list of goods getting smaller.

Apr 13 19:46

Americans Want More Kids, But Childbirth Rates Are Down

As in years past, the number of childless women in their 30s and 40s is continuing to rise.

Apr 13 18:18

Cash Banned in Louisiana at Garage Sales, Flea Markets etc.

With the passage of House Bill 195 into law, the State of Louisiana has banned the use of cash in all transactions involving secondhand goods. State representative Ricky Hardy, a co-author of the bill, claims that the bill targets criminals who traffic in stolen goods. According to Hardy, “It’s a mechanism to be used so the police department has something to go on and have a lead.” The bill prohibits cash transactions by "secondhand dealers," defined to include garage sales, flea markets, resellers of specialty items, and even non-profit resellers like Goodwill. Curiously, it specifically exempts pawnbrokers from the ban. But of course, pawn shops--and not rented stalls at local church flea markets--are notorious as places that criminals frequent to convert stolen goods into quick cash. So what gives? Are the authors of the bill and those who voted for it ignoramuses--or are they deliberately obscuring the real purpose of the bill?

Apr 13 16:34

Government to move on zero-hour contracts

Unions have campaigned for zero-hour contracts to be outlawed, and Restaurant Brands - owner of KFC - has recently agreed not to use the contracts.

The most punitive aspects of zero-hour contracts will be banned, the Government says.

Workplace Relations and Safety Minister Michael Woodhouse said he is keen to see some of the harshest contracts outlawed.

That included when people had to be available for work but were given no guaranteed hours of work in return, he told Radio New Zealand.

Asked if that meant he would effectively ban zero hour contracts, he said many employers have different definitions of what zero-hour contracts are.

"Casual [agreements] are where neither party has an obligation to say yes or no to the work. Now, generally there's a good working relationship where you get a good roster in advance and know how many hours you are likely to be working in a week - it suits people like university students.

Apr 13 14:46

McDonald's to close restaurant in south Russia over rent row

McDonald's will for the first time close its restaurant in Russia after a failure to agree on rent payment in the Belgorod Region, southern Russia, the company's press service said on Monday.

"We haven't closed restaurants in Russia before," the company said adding that the decision was made after long negotiations with the landowner in Stroitel, a town with a population of some 25,000.

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