ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 24 19:32

Foreign aid: This is how much Britain forked out last year - including £463m to Pakistan

BRITAIN gifted Pakistan £463million in foreign aid last year, equal to £1.2 million a day, new figures show.

The country is now the biggest recipient of UK handouts despite having its own space and nuclear weapons programmes.

Official documents also reveal Syria received £352 million, Ethiopia got £334 million, Nigeria was given £230 million and Afghanistan £235 million in 2016.

The spending scandals are revealed just days after Chancellor Philip Hammond made no moves to adjust Britain’s Official Development Assistance [ODA] commitment in his Budget.

It means the UK will continue to spend 0.7 per cent of its income on foreign aid, despite cash-starved frontline services like the NHS begging for more money.

Nov 24 18:02

Bitcoin: An Unknowable Bubble?

Nov 24 16:26

BLACK FRIDAY NIGHTMARE: Furious customers are complaining that Macy's won't let them pay as system glitches

Customers are complaining about Macy's credit card systems failing across the country on Black Friday.

"Macys credit card system down nationwide," Kenn White tweeted at 1:29 p.m. ET on Friday. "They are not informing shoppers standing in long lines. Getting ugly out there."

Many other people reported similar problems on social media.

Nov 24 15:38

Mtg purchase apps, Durable goods orders

Nov 24 13:57

Judge Rules Seattle’s Income Tax On Wealthy Is Illegal

By Aaron Kesel

A Seattle King County Superior Court ruled that a controversial piece of legislation meant to tax wealthy households is illegal, Seattle Times reported.

In a judgment, Judge John R. Ruhl said the city ordinance adopted in July is not authorized under state law...

Nov 24 09:58

George Soros' $18 Billion Tax Dodge Exposed

The wealthy have tucked billions into private nonprofits... where the IRS can’t touch it.

Congress is still scrambling to find ways to pay for its tax cut, so perhaps it should pay closer attention to last month’s news that George Soros had transferred $18 billion of his fortune to a private charity that he controls. There it will be sheltered from the Internal Revenue Service forever. This may be the single biggest tax dodge in U.S. history, yet no one on the right or left seems to have raised an eyebrow.

True tax reform is predicated on the principle that all income should be taxed at a low rate once, and only once. But much of the wealth that Mr. Soros spent years moving into his Open Society Foundations will never be taxed. A gift of billions of dollars of appreciated stock escapes any capital gains tax, and the estate tax as well. So Mr. Soros can donate appreciated stock that Open Society Foundations can liquidate without the government ever taking a cut.

Webmaster's Commentary: 

WOW, what a sweet racket, if one has the army of lawyers and accountants who understand how it's done!!

Nov 24 08:02

California Thanksgiving help for the homeless: ‘We haven’t seen numbers like this since the Great Depression’

The Midnight Mission said the group has been serving nearly 1 million meals a year each year since 2013: “We haven’t seen numbers like this since the Great Depression”

( LA Times ) Thanksgiving meals will be served to thousands of homeless and near-homeless individuals today on Skid Row and in Pasadena and Canoga Park amid calls for donations and volunteers for the rest of the year.

The Midnight Mission will serve Thanksgiving brunch to nearly 2,500 homeless and near-homeless men, women and children, according to Georgia Berkovich, its director of public affairs.

The Midnight Mission is seeking donations of $5 to $10 to help it cover the costs of the meals. Donations can be made by texting “Meals” to 71777, Berkovich said. The mission serves meals seven days a week, distributes hygiene kits after its meal service and conducts drives for food and clothing to distribute to its guests

Webmaster's Commentary: 

Please understand; this economy is going great guns for major corporations. For displaced, lower middle class individuals who have seen their jobs permanently offshored/outsourced, this economy is a nightmare.

Nov 24 07:54

MICHIGAN TOWNSHIP BLOCKS NESTLE FROM BOTTLING, RESELLING ITS GROUNDWATER

A small Michigan township is making a stand against Nestle, temporarily blocking the company from pumping millions of gallons of groundwater for bottled water. Citizens near Evart, Michigan became outraged when Nestlé proposed to build even larger pipelines to increase the flow of water to its plant in Standwood. Global News CA details the local resistance to Nestlé’s proposed expansion to collect even more ground water:

The added capacity provided by the proposed booster pump would make it possible for Nestlé to extract an estimated 1,500 litres of groundwater per minute, representing more than 4.2 million bottles of water in a 24-hour period. That’s equal to 794 million litres of water annually.
As explained by Global News CA, “the company is currently limited to pumping 945 litres per minute, up significantly from its pre-2015 cap of 565 litres per minute.”

Nov 24 07:52

SAUDI ARABIA ARRESTS SECOND RICHEST MAN IN KINGDOM

Saudi authorities have arrested Mohammed Hussein Al-Amoudi a duel national with Saudi and Ethiopian citizen and is reportedly the second richest Saudi, after Prince Al-Waleed bin Talal.

While bin Talal’s arrest has gained most media attention. Al-Amoudi’s arrest is especially important because it could potentially destabilize the economy of an entire country, according to Middle East Eye.

Al-Amoudi, who is also known as “the Sheikh”, has invested in almost every sector of Ethiopia’s economy, including hotels, agriculture and astrology.

According to a leaked diplomatic cable from 2008 “the Sheikh’s influence on the Ethiopian economy cannot be underestimated.”

Webmaster's Commentary: 

Although, given his wealth and investments, this is probably a "Sheikh Shake-Down" for money, on the part of Prince Salman, it will have to be seen how this arrest,and the aftermath, plays out in both African and international markets first part of next week.

Nov 24 07:45

AfD: European Sanctions Against Russia Cost Germany Thousands of Jobs

Markus Frohnmaier, who leads the EU-skeptic Alternative for Germany (AfD) youth wing, said sanctions on Russia had considerably affected Germany’s economic prosperity and hurt its people.

Nov 24 06:50

Saudis Get $7B in US Arms for Yemen War

(*but if you so much as photoshop an image to demonstrate your disdane for this allotment , here in the land of the free ...)

Nov 23 12:27

Mapping the Richest People in the World 2017

Nov 23 12:19

Learning From The 1980’s

Nov 23 10:52

The Mother Of All Irrational Exuberance

You could almost understand the irrational exuberance of 1999-2000. That's because everything was seemingly coming up roses, meaning that cap rates arguably had rational room to rise.

Nov 23 10:26

Privacy Nightmare: Online Retailers Must Report Vermont Purchases To Government

By Aaron Kesel

Thanks to a new law in Vermont, the state may soon know your online purchases to pressure residents to pay a “use tax,” WCAX reported.

Vermont’s use tax is meant to make sure that Vermont citizens don’t shop online or across the border to avoid the state’s sales tax...

Nov 23 08:09

The Silence Of The Bears

Nov 23 06:18

Shoplifters Shutdown South St. Petersburg Dollar Tree Store

"..."It seems like everything is closing," Johnson said. "But they said it's closing because of people stealing out of the stores."..."

Nov 23 05:05

Thanksgiving Travelers Smash Records

As we all know from the personal experience of enduring long lines at the airport and inching along frosty highways in bumper-to-bumper holiday traffic, Thanksgiving week is unquestionably one of the busiest long-distance travel periods of the year. Long-distance trips increase by 54 percent around Thanksgiving, a huge number, especially when considering that the increase for Christmas is just 23 percent compared to the average for the rest of the year. The average mileage for these long-distance Turkey Day trips (classified by the U.S. Department of Transportation’s Bureau of Transportation Statistics as to and from a ­destination 50 miles or more away) is a whopping 214 miles.

Nov 23 04:48

Germany to help Iran to renovate oil distillation towers

Iran's Research Institute of Petroleum Industry (RIPI) has signed a memorandum of understanding (MoU) with German Raschig company for mutual cooperation.

The deal was signed in Tehran Nov. 20, by Mansour Bazmi, the institute’s deputy head for technology and international affairs, and Michael Schultes, the German company’s representative, the Iranian institute said.

Under the deal, the two sides will cooperate in technology transfer and training in particular in the field of designing distillation towers.

Nov 23 04:44

"OUT OF CONTROL GENOCIDE" IN BALTIMORE, RESIDENTS SUPPORT MARTIAL LAW

While in Baltimore City, Maryland, death and despair are a few things that are plentiful as the region descends into chaos. Deindustrialization coupled with depopulation started in the 1960s stripping the city of economic wealth. Many don’t want to admit, the city is shrinking as their looking glass is clouded with Kevin Plank’s gentrification narrative.

Wealth inequality in the area is some of the widest in the United States with more than 100,000 African Americans with zero dollars to their name, according to JPM. Baltimore is a skeleton of what it once was many decades ago when it had its industries.

Now, 46,800 homes are vacant– almost 16% of the housing stock as citizens are either leaving the area or being pushed into multi-family complexes by the city. Neighborhoods are rotting away as the local economy crumbles giving way to a surge in homicides. Baltimore is on track for the worse year ever with a homicide rate the highest in the United States.

Webmaster's Commentary: 

This is thoroughly insane; how was this ever allowed to get this bad?!?

Nov 22 18:28

'Death spiral': 4,000% inflation in Venezuela

The bolivar has lost 96% of its value this year. As of Tuesday, it took 84,000 bolivars to buy an American dollar. At the beginning of this month, a dollar was worth 41,000 bolivars. And at the start of this year, it only took 3,100 bolivars to buy a dollar, according to DolarToday, a website that tracks the unofficial exchange rate.

Nov 22 14:25

Huge Implications of Russia’s Northern Sea Route. An Alternative to the Suez Canal?

Before attending the Hamburg G20 Summit in July, China’s President Xi Jinping made a stopover in Moscow where he and Russia’s President Vladimir Putin signed the “China-Russia Joint Declaration on Further Strengthening Comprehensive, Strategic and Cooperative Partnership.” The declaration includes the Northern Sea Route as a strategic area of cooperation between China and Russia, as a formal part of China’s Belt, Road Initiative (BRI) infrastructure. For its part, Russia is investing major resources in development of new LNG ports and infrastructure along the route to service a growing maritime traffic passing through its Arctic territorial waters.

Nov 22 13:39

J.Crew to Close 50 Stores As Sales Plunge Again

Nov 22 11:54

'Kebs & Go': Polish Students Create Revolutionary Kebab Making Machine

A team of students at the Warsaw University of Technology may have just made importing third-world immigrant labor irrelevant.

They made their own genuine kebab making machine -- with a grill and everything inside -- and students and local journalists are forming giant lines to give their wraps a try.

Nov 22 11:18

$216,181: That’s the household income needed to buy a house in San Jose metro area, report says

Here’s one more dubious distinction for San Jose and San Francisco: The two metro areas are the runaway national leaders in the amount of household income needed to buy a house.

According to a study from the HSH.com mortgage information website, a $216,181 household salary is required to buy a median-priced house in the San Jose metro area, while $171,330 is needed to buy a typical home in the San Francisco metro. That’s assuming a 20 percent down payment on a 30-year fixed loan.

Nov 22 11:15

Economic Collapse Inevitable

Nov 22 10:37

Why Gold is a Tool You Need to Understand

Nov 22 09:31

ECB WANTS TO END DEPOSIT PROTECTION & OFFER SAVERS 'APPROPRIATE AMOUNT' OF THEIR OWN MONEY

Covered deposits no longer need to be protected, according to the European Central Bank (ECB), which has proposed this month to stop withdrawals when a bank is on the verge of failing.

“Covered deposits and claims under investor compensation schemes should be replaced by limited discretionary exemptions to be granted by the competent authority in order to retain a degree of flexibility,” said the bank’s proposal.

It has suggested the current €100,000 (£85,000) deposit level currently protected in the event of a bail-in would no longer be available.

“...during a transitional period, depositors should have access to an appropriate amount of their covered deposits to cover the cost of living within five working days of a request.” That means depositors will have to wait five days for a ‘competent authority’ to decide what is an ‘appropriate amount’ of their own money for them to have access to buy food, pay bills and so on.

Webmaster's Commentary: 

Translation: the ECB is exppecting a massive financial institutional failure of its banks.

To those Europeans and beyond who have their money in such institutions, now is the time to take everything you can, save for what you need to pay your bills, out of those banks and under your own personal and private control; if you do not, these financial institutions will consider you "unsecured creditors", and rip off whatever money you have left with them.

You can absolutely bet on that reality coming!!

Nov 22 09:21

The Huge Implications of Russia’s Northern Sea Route

In terms of dealing with some of the world’s harshest weather conditions no country comes close compared with Russia. Now Russia has made it a highest priority to develop a Northern Sea Route along the Russian Arctic coast to enable LNG and container freight shipments between Asia and Europe that will cut shipping time almost in half and bypass the increasingly risky Suez Canal. China is fully engaged and has now formally incorporated it into its new Silk Road Belt, Road Initiative infrastructure.

Nov 22 09:07

Why Amazon May Soon Be Your New Mailman

Nov 22 07:53

Top German Judges Slam EU Plans To Create Global Court To Enforce Corporate Sovereignty

A few weeks ago, we wrote how many -- even the US Trade Representative, Robert Lighthizer -- seem to think it's time for corporate sovereignty, also called "investor-state dispute settlement" (ISDS), to go. For some reason the European Commission disagrees. As Techdirt readers may recall, after receiving a bloody nose in a public consultation about corporate sovereignty, the Commission announced to great fanfare that it was "replacing" ISDS with something called the Investment Court System (ICS). In fact, this amounted to little more than putting lipstick on the ISDS pig, since ICS suffered from the same fundamental flaw: it gave companies unique rights to sue countries in a supra-national court. The EU is still plugging away at the ICS idea, and it now wants to go further by creating a truly global corporate sovereignty system enforced by a new Multilateral Investment Court (pdf), an initiative formally launched a couple of months ago:

Nov 22 07:51

"Granite Islands And Backsplashes": Even Doublewide Trailers Are No Longer "Affordable"

Since the early 1900s, millions of Americans have relied on trailers as a source of no-frills, affordable housing. In fact, roughly 22 million Americans live in trailer parks today, but the industry is hardly the stable source of affordable housing that it used to be...a lesson that 73-year-old Judy Goff of Naples, Florida recently discovered the hard way after Hurricane Irma ripped through her park and destroyed her home, along with roughly 1.8 million others.

As Bloomberg points out, when Goff went to a local LeeCorp dealer lot to replace her $46,000, 1,200 square foot trailer with something of similar size and value, what she found instead was "manufactured homes" stuffed with high-end upgrades like granite counter-tops and vaulted ceilings that rendered them too expensive for her $23,000 per year of income.

Nov 22 07:51

A Look At Which Students Are Most Likely To Default On Their Student Debt

Since the early 2000's the amount of student debt outstanding has grown exponentially, along with annual tuitions, and now stands at nearly $1.5 trillion. Moreover, and not terribly surprisingly, defaults on that growing mountain of student debt have also surged as graduating students quickly discover that they just dropped $200,000 on a near-zero ROIC investment.

Nov 22 07:36

Harvard Business School: "Integrity" missing element of economics today

*Hyperlinks/videos live at source*

Harvard's Michael Jensen and innovative thinker Werner Erhard team for this paper: Putting integrity into finance: a purely positive approach

Abstract:

Nov 22 07:27

The Cardinal Sin of International Finance

As Doug Casey has correctly noted, the prime directive of any organism—whether it’s an amoeba or a person or a corporation or a government—is to survive.

That’s why the US government protects the petrodollar so zealously. It needs the system to survive.

World leaders who have challenged the petrodollar recently have ended up dead…

Nov 21 13:36

Australia’s biggest Ponzi scheme fleeced investors of $209 million from a base in Bondi Junction

THE nation’s biggest fake ­investment scheme has fleeced $209 million from hardworking people, including a priest and a politician, as it operated undetected for years from a Bondi Junction office.

Among the 780 duped creditors are doctors, business owners and war veterans who fell for a scheme so convincing that one syndicate plunged $14.8 million into it alone.

The monstrous swindle was run from the Westfield Tower above the busy Bondi Junction shopping complex.

Nov 21 12:17

Mauldin: It's A Bonfire Of The Absurdities

Nov 21 11:25

Outbreak Alert: Hepatitis A Outbreak In Salt Lake City Expected To Last MONTHS - Mac Slavo

Salt Lake City, Utah is only one of three major cities in the United States experiencing a Hepatitis A outbreak. And now health officials are warning residents to protect themselves against infection, as the outbreak is expected to last for “months.”

There seems to be no end in sight for the cities grabbling with Hepatitis A outbreaks. Spurred by over-regulation and taxation, homelessness is now the norm in many US cities, Salt Lake City being no different. And Health officials in Utah now believe they could continue to see new cases of Hepatitis A for the next several months.

The first outbreak of Hep A began in back in May in San Diego, but Salt Lake City started to notice serious issues in August. Since then, at least 75 cases have been reported statewide. With at least 3-4 new cases being discovered each week. The normal amount of Hepatitis A cases is around 2-4 per year.

Webmaster's Commentary: 

This has to be more than a little terrifying for health care workers, and the people who live in Salt Lake City.

Nov 21 11:20

The Great Retirement Con - Adam Taggart

So, it’s little surprise that the 1970s and ’80s saw the introduction of personal retirement savings plans. The Individual Retirement Arrangement (IRA) was formed by the Employee Retirement Income Security Act (ERISA) in 1974. And the first 401k plan was created in 1980.

These savings vehicles are defined contribution plans. The future payout of the plan is variable (i.e., unknown today), and will be largely a function of how much of their income the worker directs into the fund over their career, as well as the market return on the fund’s investments.

Touted as a revolutionary improvement for the worker, these plans promised to give the individual power over his/her own financial destiny. No longer would it be dictated by their employer.

Your company doesn’t offer a pension? No worries: open an IRA and create your own personal pension fund.

Afraid your employer might mismanage your pension fund? A 401k removes that risk. You decide how your retirement money is invested.

Webmaster's Commentary: 

This is little more than a shuffle/hustle which gives people the illusion that they actually have real money for retirement, when they absolutely do not.

Nov 21 10:58

US Airstrike In Somalia Kills More Than 100 al-Shabab Militants

More than 100 al-Shabaab militants were killed Tuesday in the latest US airstrike in Somalia the Pentagon announced, the latest in a series of strikes against the al Qaeda affiliated group and ISIS fighters in the war-torn country meant to support the local government. The strike occurred 125 miles northwest of the capital of Mogadishu, and was the 29th such strike since the start of 2017, and 7th since November 9.

The Pentagon released the following statement commemorating the latest airstrike:

U.S. Conducts Airstrike in Support of the Federal Government of Somalia

In coordination with the Federal Government of Somalia, U.S. forces conducted an airstrike in Somalia against an al-Shabaab camp on Tuesday, Nov. 21 at approximately 10:30 a.m. local Somalia time, killing more than 100 militants. The operation occurred 125 miles northwest of the capital, Mogadishu.

Webmaster's Commentary: 

The US government is in Somalia for the same reason it has garrisoned so much of the rest of the planet; to regime-change its government to a more Western/US centric government; expropriate its resources, to which the US govenment and those corporations which own it have utterly no moral right; and to insure that these goods are only sold to countries of which we approve, and only for US dollars.

Nov 21 10:46

Nearly 200 Million People Are “Modern Slaves” or Child Laborers

According to a report by the United Nations’ International Labour Organization, nearly 200 million people are victims of modern slavery or child labor around the globe. In 2016, 40.3 million men, women and children were victims of modern slavery. Nearly one in ten children, or 151.6 million people, are victims of child labor.

The report defines “modern slavery” as “the various forms of coercion prohibited in international instruments on human rights and labour standards.” This definition includes slavery, state-imposed forced labor, forced marriage, and human trafficking. One in four victims of forced labor are children, and 71 percent of total victims are female.

On any given day in 2016, approximately 16 million individuals were forced to work in the private sector. More than half of this labor involves the domestic, construction and manufacturing sectors. On average, victims are held for 20.5 months before escaping or being released.

Webmaster's Commentary: 

Only way to get this exploitation to stop, is by naming and shaming those corporations making a killing (literally and figuratively), by exploiting child and slave labor.

Let's start with some of the most egregious examples:

10 companies which still use child labor

5 companies still using slave labor

Top 28 companies still using Child Labor

Stop Supporting Child Slavery by Avoiding these 7 Companies

Finding the names of current heads of these corporations is pretty easy; then, a polite phone call needs to be made to these people, informing them (or their executive assistants) that you will refuse to buy the products they create, because they are created with child/slave labour.

One call won't make a difference, but a number of phone calls, polite and literate in their tone, will indicate to that corporate head that there is an issue, and rethink the way it sources product. Consumers do have more power than they believe, and this is one of the areas where we can make a positive difference.

Nov 21 09:27

German giant Wintershall unfazed by sanctions: Nord Stream II is on

Wintershall wants to participate in the financing of the Nord Stream II pipeline project despite the new US sanctions. Mario Mehren, CEO of Wintershall Holdings GMBH, spelled it out.

They will transfer the next cash installment to Nord Stream II as soon as there is a request for payment.

Nov 21 09:20

‘US invaded Afghanistan to restore heroin industry’

Webmaster's Commentary: 

This narrative is very hard to hear, as someone who values peace and social justice, but this is the brutal reality of why we stayed so long in Vietnam, when the war the US was fighting was unwinnable, and why we have stayed so long in Afghanistan, when this war is also unwinnable.

This is a $1.5 trillion dollar industry, the profits from which are used to fund "off the shelf" operations for various US "alphabet soup" agencies use, over which Congress has utterly no oversight whatsoever.

It is sobering to think that the biggest drug pusher in the US ... is the US government itself.

It's about the drugs; it's about the money that is made by these drugs, and about the massive money made by laundering the money on these drugs, which large financial houses love to do.

Nov 21 08:28

Once Again NYC’s 100 Worst Landlords list looks like my Bar Mitzvah guest list

The list of NYC’s 100 worst landlords is, once again, overwhelmingly dominated by Jewish names. Naturally, I wondered whether this bar mitzvah guest list quality also applies to the list of NYC’s 100 best landlords. If it does, problem solved. We would assume that since Jews are overrepresented in the NYC rental business, they are amongst the best landlords as well as the worst.

A quick search reveals that there is no official NYC best landlord list. The Yelp search engine offers something that resembles such a list and it doesn’t approximate my bar mitzvah guest list in the least.

Since the demography of the list of NYC 100 worst landlords is obvious, the list raises the following questions:

Nov 21 08:22

BofA's Apocalyptic Forecast: Stocks Flash Crash, Bond Bubble Bursts In H1 2018, War May Follow

Having predicted back in July that the "most dangerous moment for markets will come in 3 or 4 months", i.e., now, BofA's Michael Hartnett was - in retrospect - wrong (unless of course the S&P plunges in the next few days). However, having stuck to his underlying logic - which was as sound then as it is now - Hartnett has not given up on his "bad cop" forecast (not to be mistaken with the S&P target to be unveiled shortly by BofA's equity team and which will probably be around 2,800), and in a note released overnight, the Chief Investment Strategist not only once again dares to time his market peak forecast, which he now thinks will take place in the first half of 2018, but goes so far as to predict that there will be a flash crash "a la 1987/1994/1998" in just a few months.

Nov 21 08:02

The Real Cost Of War: Three Times More Than The Government Admits

Imagine if the $5.6 trillion that it is now estimated to have been spent on 16 years of US global wars had been put to better use?

Nov 21 06:01

Black Money Projects Killing Economy, Banking for the People with Ellen Brown - Sarah Westall


Published on Nov 20, 2017Economist and Author Ellen Brown joins the program to discuss the shape of our economy. She explains how black money projects are making it impossible for the United States to balance it's books and details how our economy could be healthy if that money was returned to the people. She also discusses public banking and how that would maximize the use of our community funds and direct it's uses and profits directly to the communities.

...

You can learn more about Ellen Brown on her website at https://ellenbrown.com or at http://www.publicbankinginstitute.org/

Nov 21 03:41

2 Of 3 Investing Methods Will Leave You Short

Nov 20 15:17

Bix Weir: The “Good Guys” are WINNING

Nov 20 15:08

Goldman Sachs Says If You Thought 2017 Was Surprisingly Good, Just Wait For 2018

This has been a good year for the global economy, and 2018 will follow that trend, analysts at Goldman Sachs said.

Nov 20 14:01

The Market Don’t Want No Short People

Nov 20 11:34

The Corporate Earnings Fiction in Q3

Nov 20 10:17

Lithium – the new White Gold

Nov 20 09:55

When unpaid student loan bills mean you can’t work

Few people realize that the loans they take out to pay for their education could eventually derail their careers. But in 19 states, government agencies can seize state-issued professional licenses from residents who default on their educational debts. Another state, South Dakota, suspends driver's licenses, making it nearly impossible for people to get to work.

As debt levels rise, creditors are taking increasingly tough actions to chase people who fall behind on student loans. Going after professional licenses stands out as especially punitive.

Firefighters, nurses, teachers, lawyers, massage therapists, barbers, psychologists and real estate brokers have all had their credentials suspended or revoked.

Webmaster's Commentary: 

Oh yeah; THAT makes a lot of sense!

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