ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 18 23:41

Bu muh IQ


There a lot of factors in economics that are more important than a few IQ points. Pack your basic bitch bags and go home.

Jan 18 17:58

4 retailers on the 2019 death watch

Jan 18 16:25

Stay Alert

Jan 18 15:06

The Mother Of All Short Setups?

Jan 18 14:26

Tesla to DUMP 7% of workforce….

Jan 18 13:40

Trump Meets With Senior White House Officials About Infrastructure Plan

President Trump's battle with the Democratic leadership over funding for his border wall has been perhaps the most rancorous political fight since the dawn of his administration - eclipsing even the contentious confirmation of Supreme Court Justice Brett Kavanaugh. And though the government remains shut down with no accord in sight, the president and a coterie of his senior advisors are already planning to revive their push for Trump's promised infrastructure package - one of the few issues where Democrats and Republicans are expected to find a measure of comity.

Jan 18 13:07

Being "Data Dependent"

Jan 18 11:37

AMNESTY INTERNATIONAL’S TROUBLING COLLABORATION WITH UK & US INTELLIGENCE

SOURCE: MINT PRESS

Amnesty International, the eminent human-rights non-governmental organization, is widely known for its advocacy in that realm. It produces reports critical of the Israeli occupation in Palestine and the Saudi-led war on Yemen. But it also publishes a steady flow of indictments against countries that don’t play ball with Washington — countries like Iran, China, Venezuela, Nicaragua, North Korea and more. Those reports amplify the drumbeat for a “humanitarian” intervention in those nations.

Amnesty’s stellar image as a global defender of human rights runs counter to its early days when the British Foreign Office was believed to be censoring reports critical of the British empire. Peter Benenson, the co-founder of Amnesty, had deep ties to the British Foreign Office and Colonial Office while another co-founder, Luis Kutner, informed the FBI of a gun cache at Black Panther leader Fred Hampton’s home weeks before he was killed by the Bureau in a gun raid.

Jan 18 11:35

MALAYSIA TO GOLDMAN: PAY US $7.5 BILLION AND WE WILL DROP 1MDB CHARGES

The Malaysian government has a message for Goldman Sachs CEO David Solomon: Your disingenuous, blame-deflecting apology for Goldman's role in one of the biggest financial frauds ever perpetrated in Asia isn't going to cut it.

According to Bloomberg, Finance Minister Lim Guan Eng told reporters on Friday that Malaysian prosecutors might consider dropping the criminal charges brought last month against the bank, several Asian subsidiaries and two of its employees (who have also been indicted in the US) if the bank agrees to pay back the total amount that the Malaysian government believes was looted during the fraud.

Webmaster's Commentary: 

It will be interesting to see how this progresses; the wealthy seldom eat their own.

Jan 18 11:33

MONSANTO/BAYER MOVING TO GENOME EDIT FRUITS AND MORE

Not surprising, Monsanto, today hidden behind the Bayer logo, as the world leader in patented GMO seeds and the probable carcinogenic Roundup herbicide with glyphosate, is attempting to quietly patent genetically modified or GMO varieties of fruits using controversial gene-editing. The “beauty” of this for Monsanto/Bayer is that in the USA, according to a recent ruling by the US Department of Agriculture, gene-edited agriculture needs no special independent testing. The developments are not good for human health or safety, nor will it do anything to give the world better nutrition.

Webmaster's Commentary: 

Hey, what could possibly go wrong with this?!?

GMO veggies and Frankenfruits; if I have a choice, I will not eat them, thank you very much.

Jan 18 11:32

NEW Hatred of the White Hetero Male (4/7)- Dr. Paul Craig Roberts, Herland Report TV

Herland Report TV (HTV): "What happened in the US was the liberal-Left wing class ceased to represent the working class against the capitalist exploit employer. They created a new victim group and a new exploiter: the white heterosexual male", says Dr. Paul Craig Roberts. SUBSCRIBE to The Herland Report TV Channel: https://www.youtube.com/user/HanneNab...

Dr. Roberts is chairman of The Institute for Political Economy, former editor of Wall Street Journal and a well-known author of many books. He is awarded the Treasury Department’s Meritorious Service Award for “his outstanding contributions to the formulation of United States economic policy.

Jan 18 11:30

ZIMBABWE CUTS INTERNET AMID CRACKDOWN

Zimbabwe has blocked Facebook, Twitter and WhatsApp messaging amid a deadly crackdown on days of violent protests.

A coalition of local human rights groups says at least 12 people have been killed and many more beaten and tortured by security forces this week.

The Zimbabwe Human Rights NGO Forum accused the authorities of cutting off the internet "to mask the massive human rights violations".

The protests were sparked on Monday by a sharp rise in the price of fuel.

Africa Live: More on this story and others from the continent
Despair, anger and anxiety in Zimbabwe's fuel queue
The government has blamed the opposition and political rights groups for the protests, which has seen riot police clashing with protesters in the capital, Harare, and the southern city of Bulawayo after they lit fires and blocked roads using rocks.

Webmaster's Commentary: 

One has to wonder: how long Zimbabwe's military will continue to take the government's side, or will there be a moment, when alliances will shift?!?

Jan 18 11:26

‘SOMEONE WILL MAKE MONEY BY STOKING FEARS’ – RON PAUL ON NEW US MISSILE DOCTRINE

The new US missile defense strategy is a boondoggle for the military-industrial complex, which will drive the US into more debt and can bring misery upon multiple nations by fueling an arms race, ex-US Congressman Ron Paul said.
Plans to weaponize space with a new layer of sensors unveiled by Trump as part of his administration's Missile Defense Review is an unnecessary and hard-to-implement project that is sure to enrich the military-industrial lobby, Paul told RT.

"The biggest issue here is someone is going to make a lot of money on it. It reminds me of Star Wars. They've never really developed it, but people got excited about it," Paul said, drawing parallels between President Donald Trump's new endeavor and former President Ronald Reagan's Strategic Defense Initiative program.

Webmaster's Commentary: 

President Trump has truly devolved into the borg of America's military/industrial complex; for him, resistance was, and is, futile, courtesy of the marvelous support for him, by this industry, due to soaring profits from these never-ending wars.

Jan 18 11:09

"STAR WARS" RETURNS: US MILITARY TO DEVELOP SPACE-BASED MISSILE DEFENSE SYSTEM

In what looks to be a highly ambitious and even more highly cost-prohibitive scheme, President Trump has announced his intention to greatly expand US missile defense systems, with a major focus on putting them in space.

During his announcement Thursday at the Pentagon, Trump set out his goals, saying that he wants “to ensure that we can detect and destroy any missile launched against the United States – anywhere, anytime, anyplace.”

The Pentagon has had space-based interceptors on its wish list for some time, but between that and drones with lasers on them, they were far short of the sort of total, planet-wide coverage that President Trump is talking about.

A space-centric missile defense system must inevitably draw comparisons to the Strategic Defense Initiative, commonly called Star Wars, of the 1980s, a controversial and hugely expensive program that also sought space-based interceptors.

Webmaster's Commentary: 

Mr. President, a word, please.

What about being responsible for a foreign policy which engages, rather than enrages, the two major players in this game, China and Russia?!?

Now, THAT... would be an incredible legacy, which you are still capable of creating, notwithstanding a potential impeachment threat from the house, which the Senate will utterly not allow to happen.

And how about, please NOT accusing Russia of something it absolutely did not do, as in the alleged "annexation" of Crimea, which NEVER happened in fact?
President Obama admits that the US brokered a deal in support of regime change in Ukraine

Mr. President, when you took office I was hopeful that perhaps you actually meant what you said, when you spoke of disengaging from these immoral, horrific wars by which our military has been consumed; now, in looking at your record as President, you seem to be hell-bent on getting this country even more enmeshed in military misadventures.

And please, don't even talk to me, about the reality that the US military is complicit in Saudi war crimes in Yemen;America is Committing War Crimes in Yemen and don't give me any reason why in the name of heaven, American troops are in Syria, an engagement to which the US government was never invited in the first place?

The Planned U.S. Troop Withdrawal From Syria: Here's the Latest

Mr.President, due to the actions of your predecessors, the Unhinged, Surveilled State of America, is at an historic turning point, right now; please do not let the dream of the creation of this country turn any more into a nightmare than it already is.

Jan 18 10:47

Three Reasons Gold May Embark On An Extended Rally

– History may repeat itself for gold demand and prices as world economy looks set to slow
– Three reasons for gold’s extended rally from 2008 to 2011 may be making a comeback
– As global growth looks to be slowing, hopes grow for repeat of 2008-11 rally that saw gold almost triple in value

Jan 18 10:15

Tesla to recall over 14,000 Model S cars in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel into the driver's and front seat passenger's faces, a Chinese watchdog has said.

The measure is a part of an industry-wide recall of Takata airbags, whose safety woes have been plaguing the automotive industry since at least 2013.

The company, which at one point held 20 percent of the airbag market, went bankrupt in 2017 after recalling more than 100 million cars, including 70 million in the US. It was taken over by car parts maker Key Safety Systems (KSS).

Jan 18 10:14

McDonald's LOSES the right to Big Mac trademark across Europe after Irish restaurant Supermac's wins legal battle

McDonald's has lost the rights to its Big Mac trademark after Irish chain Supermac's defeated the giant in an EU ruling.

County Galway-based Supermac's challenged the worldwide burger chain to cancel the use of the Big Mac and Mc trademarks.

It submitted a request to the European Union Intellectual Property Office (EUIPO) in April 2017 to cancel the use of the Big Mac and Mc trademarks that McDonald's has registered in certain classes.

Jan 18 10:02

What’s That Buzzing Overhead? It’s An OSHA Drone

By Walter Olson

“That buzzing noise over a construction site could be an OSHA drone searching for safety violations,” notes Littler Mendelson lawyer Tammy McCutchen in a piece for the Federalist Society. Quoting a U.S. Department of Labor memorandum from May of last year obtained by Bloomberg Law, McCutchen writes that “your friendly neighborhood OSHA inspector is now authorized by the Labor Department ‘to use camera-carrying drones as part of their inspections of outdoor workplaces.’”

What about the Fourth Amendment, you may ask? Well, court review is unlikely because current procedures call for the agency to obtain employer consent before sending the spycams aloft. Which makes everything okay, right?...

Jan 18 09:08

Norway's sovereign wealth fund, the world's biggest, has excluded a Chinese company from its almost $1 trillion portfolio because of human rights violations, the Norwegian central bank said

Norway's sovereign wealth fund, the world's biggest, has excluded a Chinese company from its almost $1 trillion portfolio because of human rights violations, the Norwegian central bank said on Thursday.
Yarn, fabric and apparel manufacturer Texwinca is the main shareholder in Megawell Industrial, which has been criticised for working conditions at its factories in Vietnam.

Jan 18 09:05

JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis.

It’s a 5.1 percent increase from 2017 as the bank raked in a record profit last year. Dimon’s pay package included $24.5 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus, the New York-based bank said in a regulatory filing.

Jan 18 09:04

Solar Investment Plunges Amid Panel Glut

Jan 18 09:04

Tesla to sack over 3,000 workers amid poor profits and Model 3 production challenges

Electric car maker Tesla is planning to fire around seven percent of its full-time staff, as the road ahead will be “very difficult,” according to an email sent to employees by CEO Elon Musk.

In the letter, published on Tesla’s website, Musk cited “tiny” profits and pressure to deliver lower cost Model 3 vehicles “in all markets” as the key reasons for the decision. He stressed that the company, which is younger than other players in the industry, will face difficulties in its long-term goal to sell affordable renewable energy products at scale.

Jan 18 07:26

What do you think happens next? 2008 - 2018

Jan 18 07:16

How to Feed Your Family When You’re Flat Broke

Feeding your family when you're flat broke isn't easy but it can be done. Here's how to prepare for a lean month when you're on a super-tight budget. (There's also an offer for a FREE cookbook for anyone who is having a difficult time right now.)

Jan 18 05:36

The Economy Is Slowing

Jan 17 20:24

Morgan Stanley (MS) Earnings Breakdown

Jan 17 16:14

REVEALED: When The Next Recession Starts

Jan 17 14:30

Oil May Never Return To The Triple-Digits

Jan 17 13:45

Student Loan Debt Is A Crisis That’s Also Impacting The Housing Market

Student loan debt is a fundamental crisis. Students are borrowing money to pay for school at an alarming rate. But as the problem worsens, it seeps into other sectors, such as the housing market, putting the entire economy on edge.

Jan 17 13:36

Is The Junk Bond Sell-Off Over?

Jan 17 12:09

Credit Suisse: "Sell Into This Stock Rally"

Jan 17 12:06

The Keys to Keeping Your Crypto Safe

By Philip Martin

Keeping your crypto safe doesn’t have to be daunting. In this piece. Coinbase VP of Security, Philip Martin, offers some best practices to stay one step ahead of hackers and scammers.

One of the primary benefits of cryptocurrencies is that they allow people to engage in online transactions without the need for an intermediary like a bank or credit-card company. Instead, anyone who wants to send or receive cryptocurrency creates a “cryptographic key”?—?a file containing a random secret code?—?that can then be used to authorize transactions from their cryptocurrency wallets. If an attacker gets access to that key, they instantly gain control the cryptocurrency wallet as if they were the owner. That’s why it’s critical to protect your keys if you manage them yourself, and lock down your accounts at trusted third-party services like Coinbase that help manage your keys for you.

Jan 17 11:37

Elon Musk Tells Lawmaker The Boring Company Can Dig via Mountain for Cheap

Elon Musk wants to solve city traffic woes one tunnel at a time. The Boring Company founder, responding to an Australian state lawmaker via Twitter on Wednesday, stated the firm could build a two-way high-speed transit route through the Blue Mountains to connect Sydney and the west for a surprisingly low price.

Jan 17 11:11

Mr. Market Will Have the Last Laugh

Jan 17 10:46

Wyatt Earp in Hollywood

In a letter, written in December 1928, the 80-year-old frontiersman Wyatt Earp opined that perhaps “my health will be back to normal when this story business is all done with.”

He was wrong twice.

Less than a month later, Wyatt was dead, and his legend was on the cusp of exploding. Some outlaws were about to become very rich from his story, but Wyatt never made a dime on any of it. This is the story of how that happened.

Jan 17 09:43

Federal Reserve Confesses Sole Responsibility for All Recessions

By David Haggith

In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States...

Jan 16 17:06

Quantitative Brainwashing

Jan 16 16:10

These New Numbers Are Telling Us That The Global Economic Slowdown Is Far More Advanced Than We Thought

Some people that I hear from insist that there is no possible way that they can put together an emergency fund because they are already spending everything that they are bringing in.

Jan 16 15:29

Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”

The game is literally rigged against us, and we need to realize what we are up against. Tinkering around with the current system is not going to fix anything. We need to ditch this current system and start again from scratch, but it will probably take a horrific collapse before most people start to understand this.

Jan 16 12:56

VIDEO: LA teachers surround cars, block parking lot, scream ‘scum!’ at subs

Members of the United Teachers Los Angeles Union are continuing to hold education hostage for higher pay and increased staffing, and they’re getting a lot of help from their socialist and communist allies.

Pictures and videos posted to Twitter show Democrat Socialists of America – Los Angeles are aiding and abetting the teachers strike in a variety of ways, from heckling the “scabs” that dare defy the union to keep schools open to sponsored taco lunches to show solidarity with their union brethren.

Jan 16 12:55

U.S. Loses BIG In Trade War: Imports Rose, Exports Slashed

The trade deficit, which was made a big deal by president Donald Trump and ignited a trade war with China, has worsened. The United States has so far lost big in the core driver of the trade war (the trade deficit) that was a top complaint of Trump’s and the U.S. may have already lost this trade war.

Exports of goods from the U.S. were slashed 26.3% and imports rose 38.5% worsening the trade deficit – which the tariffs were supposed to correct. The Trump Administration’s trade warfare with China began in earnest last March following steel and aluminum tariffs that primarily hit other countries. The U.S. and Chinese tariffs on each other’s goods then escalated repeatedly through September 18 with threats of much more the same by March 1 of this year.

Jan 16 12:37

China’s Annual Trade Surplus With U.S. Hits Record Despite Trump’s Tariff Offensive

China’s trade surplus with the U.S. hit a record last year, as robust American demand for Chinese goods undercut the Trump administration’s tariff offensive aimed at narrowing the countries’ lopsided trade gap.

Jan 16 12:36

Chinese investment in US plunges 83% amid simmering trade war

Chinese investments in North America and Europe fell by 73 percent last year as a result of tightened US scrutiny of foreign takeover deals and Beijing’s restrictions on outbound investments.

Data from law firm Baker & McKenzie showed that Chinese foreign direct investment (FDI) flows into the United States have also turned negative, falling to the lowest in seven years. Chinese investments in the US fell by 83 percent, while growing by 80 percent in Canada.

Last year, Chinese companies completed just $4.8 billion in new business acquisitions and investments in the US, down 84 percent from $29 billion in 2017 and 90 percent from $46 billion in 2016.

Jan 16 12:35

Russia’s trade with China surges to more than $107 billion

Trade turnover between Russia and China soared by nearly 30 percent in 2018, reaching a record number of $107.06 billion, according to the latest report released by China’s General Administration of Customs (GAC).

The agency noted that last year Russian imports of Chinese goods increased by 12 percent to $47.98 billion. At the same time, China’s imports from Russia grew by 42.7 percent, reaching $59.08 billion. In December alone, the volume of trade between the neighboring countries reportedly totaled $9.8 billion.

Russia-China trade turnover has grown significantly over recent years. In 2017, mutual trade amounted to $84.07 billion demonstrating a growth of 20.8 percent. In 2016, the trade turnover grew by 2.2 percent in annual terms to $69.52 billion.

Jan 16 12:30

PG&E's Massive Risk Management Fail - Intent Or Ignorance?

There’s a saying that goes “mistakes are the tuition of learning”. The PG&E case in California is rife with risk management lessons where we can learn from the mistakes of others while they pick up the tab.

A big story in the financial news lately is the significant liabilities incurred by Pacific Gas and Electric or PG&E, the biggest electric company in California. The company’s core business is to generate and distribute electricity, and as a part of that business, they maintain the power lines that connect the power grid.

Jan 16 12:23

Deflation Strikes - US Import Prices Tumble In December As Petroleum Plunges

After a mixed picture from producer prices yesterday, import (and export) prices are expected to tumble MoM (as China's deflationary impulse ripples across the globe).

US import prices tumbled 0.6% YoY in December - the weakest since Sept 2016 - and export price growth slowed to its weakest since July 2017.

Jan 16 12:22

Regulators Urge Deutsche Bank To Merge With European Rival (To Spread The Pain)

Throwing a monkey wrench in rumored plans to merge Germany's two biggest banks, Bloomberg reports that Germany's financial regulators would prefer for Deutsche Bank to merge with a European rival rather than local, and just as troubled, competitor Commerzbank, setting them apart from forces in the government keen on an all-German deal.

According to Bloomberg, the ECB is favoring a cross-border combination to drive integration in the region’s financial markets, while analysis by German regulator BaFin suggests a preference for a European deal because the two domestic banks - surprise - are currently too weak to benefit sufficiently from a merger.

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