ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 29 08:41

WEALTHY ELITISTS FREAK OUT AS HORDES OF HOMELESS PEOPLE TAKE OVER THEIR NEIGHBORHOODS ALL OVER THE WEST COAST

The elite are very “tolerant” of the homeless until they start showing up in their own neighborhoods. Even though the mainstream media keeps telling us that the U.S. economy is “booming”, the number of Americans living on the streets continues to grow very rapidly, and this is particularly true in our major West Coast cities. More than half a million Americans will sleep on the streets of our cities tonight, and they need help, care and shelter. Sadly, as economic conditions deteriorate that number is likely to double or even triple. Of course many among the elite are all in favor of doing something for the homeless, as long as they don’t have to be anywhere around them.

For example, let’s talk about what is going on in Los Angeles. No city on the West Coast has a bigger problem with homelessness than L.A. does, and many in the homeless population enjoy camping out on the beautiful beaches in the L.A. area at night.

Webmaster's Commentary: 

There is a level of homelessness which is encouraged by Federal and State policies; and why?!?

It is allowed to keep the rest of the population terrified that if they speak out of turn, or criticize someone of something into which government has, again , injected itself, that they too may wind up homeless.

Apr 29 08:27

Every liberal city in America is headed toward Venezuela… get out while you can

Liberal cities across America are collapsing into Third World status. It’s not just the fact that San Francisco’s streets are now littered with drug needles and human feces, either. Seattle is also collapsing into rampant homelessness and drug addiction, creating an entire class of impoverished, homeless residents who are breeding grounds for HIV and other infectious diseases.

Yet Seattle’s liberal city leaders — like all “progressives” — are unwilling to take any action to resolve the problems in the first place. Instead, they enact new policies that make the problems worse while calling it “progress.”

Apr 29 04:48

US Sees First Military Expenditure Increase Since 2010

Report: Global Military Expenditure at 3-Decade High, Biggest Spender US Sees First Increase Since 2010
The world has spent $1.8 trillion on its military in 2018, and the US is leading the charge, while some of its NATO allies are also buffing their war budgets citing the Russian threat despite Moscow decreasing its military spending.

***
The tensions between countries in Asia as well as between China and the USA are major drivers for the continuing growth of military spending in the region,” Pieter Wezeman, a senior researcher at the SIPRI Arms and Military Expenditure (AMEX) program, stated.

While Washington has been an undisputed leader of the chart for years, last year it upped its game even more, increasing its military spending for the first time since 2010. The surge in US defense spending is a direct reflection of the Trump administration's policy, according to SIPRI.

"The increase in US spending was driven by the implementation from 2017 of new arms procurement programs under the Trump administration">>>

Apr 29 04:26

US GDP Not All it was Cracked up to be

Apr 29 04:09

US Losing Its @$$ Defending Saudi Arabia

"You Have Nothing, But Money": Trump Says US Losing Its A** Defending Saudi Arabia

US President Donald Trump once again humiliated the regime in Riyadh, saying he likes the leader of Saudi Arabia, but Washington is protecting King Salman bin Abdulaziz Al Saud and his son Mohammad bin Salman (MbS), therefore the oil-rich kingdom should pay more money.
“Look, Saudi Arabia, very rich country, we defend them, we subsidize Saudi Arabia. They have nothing but cash, right? We subsidize them. And they buy a lot from us, $450 billion they bought,” Trump said during a rally in Wisconsin on Saturday.

“You know, You had people wanting to cut off Saudi Arabia. They bought $450 billion. I don’t want to lose ‘em! But the military, we subsidize Saudi Arabia!”>>>

Apr 28 12:25

More Creepy Surveillance Capitalism: Kroger and Walgreens Installing Cameras in Stores to Read Shoppers’ Facial Expressions to Sell Them More Stuff

By B.N. Frank

It’s reasonable to expect stores to install security cameras to protect themselves from theft and property damage. But is it reasonable for them to install facial recognition cameras to determine shoppers’ moods to try to sell them more stuff? After all, stores are already able to collect data from shoppers who use store discount cards. Why is it now necessary for them to know how elated we are when we find toilet paper on sale...

Apr 28 12:04

World stocks in risk-on mode?

Apr 28 11:49

What if the 2h rebound doesn't happen?

Apr 28 10:14

Los Angeles Business Owner: “Raw Sewage” in Streets Creating “Health Crisis”

A Los Angeles business owner says she is at her wits’ end as local streets are piled with garbage and flooded with “raw sewage” by homeless people and squatters while lawmakers turn a blind eye.

Karen Hix, a lifelong resident of the area whose family has owned a business in the same location for over 100 years, says transients are being allowed to create a “health crisis” by officials in the sanctuary city.

Hix’s plight caught the eye of Tucker Carlson, who invited her onto his show to discuss the decay of her neighborhood and share photos of the filth.

Apr 28 09:52

Killing the dollar softly: China lobbies ASEAN on yuan use to expand economic influence

The Association of Southeast Asian Nations (ASEAN) and its East Asian partners consider adding Chinese and Japanese currencies to their $240 billion currency swap safety net, business journal Nikkei Asian Review reported.

It said the 10 members of the association along with China, Japan and South Korea will discuss the proposed change to the so-called Chiang Mai Initiative at a May 2 meeting of finance ministers and central bankers in Fiji.

Apr 28 09:52

What’s Behind The Gasoline Price Spike?

Apr 28 09:27

This is some aggressive growth!

Apr 28 08:04

The Pentagon’s Days of Future Past

The Pentagon’s reverence for the stealth is a more recent example of over-investing in a fleeting technological advantage is. Stealth, or low observability, was discovered by a Russian scientist in the early-1960s. It took decades of research and development to put into practice, but military value of stealth was short-lived.

Apr 28 05:53

Homeless rising across America….

Apr 28 03:50

This Is the End of the Cycle

Apr 27 16:48

Petrol prices rise as Trump pumps oil market

Oil prices are on the rise again - they hit a six-month high last week.

Markets are volatile so it's a bit of a fool's game trying to predict what that means for petrol prices at the pump next week.

All right, whatever: Odds are you'll be paying more.

About this time last year oil prices were spiking towards US$100 barrel as the global economy expanded, the Kiwi dollar was falling and there was a fuel tax impending.

Apr 27 14:42

Fed Pause Fuels New S&P Highs… Is It Real?

Apr 27 12:25

Visualizing the Ranking of 100 Common Careers

Apr 27 11:54

Only 56,700% inflation in this NYC building

Apr 27 11:00

Nearly 102 Million Americans Do Not Have A Job Right Now – Worse Than At Any Point During The Last Recession

Wouldn’t it be horrible if the number of Americans without a job was higher today than it was during the Great Recession of 2008 and 2009? Well, that is actually true.

Apr 27 10:55

In Laos, A Chinese-Funded Railway Sparks Hope For Growth — And Fears Of Debt

In Southeast Asia's only landlocked country, the Mekong River is a lifeline. From a slow boat heading up the river in Laos, you'll see fishermen working in their boats, riverside farms where bananas grow, and domesticated buffalo lazing. Occasionally a ferry chugs by. From time to time, steps leading to a riverside village become visible on the banks through the foliage. The wind is swift, and the brown fresh water laps up onto the side of the boat.

Just over 9 miles north of Luang Prabang, a startling aberration appears: five giant concrete pylons rising out of the water.

Red cranes top each of the pylons. A bridge is being built here. On either bank, the row of pylons continues until it almost hits the mountainsides, with scaffolding and other heavy construction equipment scattered below.

Apr 27 10:19

In "Stunning Decision" Bayer Shareholders Dump CEO Over Disastrous Monsanto Purchase

Bayer, also known as IG Farben back in the day, survived World War II (which it helped fund for Hitler's war effort while recruiting a an army of slave workers), but it may not survive the worst acquisition in its history: the disastrous $63 billion purchase of Monsanto in 2018, which also brought over the infamous carcinogenic weed-killer Roundup, and with it countless lawsuits and legal charges.

Apr 27 10:08

Wharton: Preventing the Next Housing Crisis

Apr 27 10:07

Trump fracking plan targets over 1 million acres in California

The Trump administration on Thursday detailed its plan to open more than a million acres of public and private land in California to fracking, raising environmental concerns at a time when opposition to oil and gas drilling in the state is intensifying.

The action would end a five-year moratorium on leasing federal land in California to oil and gas developers. That pause came after a federal judge ordered the Obama administration to halt similar leasing efforts until it could better evaluate the environmental risks of hydraulic fracturing, also known as fracking.

Apr 27 09:33

Xi Jinping Says China's Belt And Road Initiative Is Not Saddling Poor Countries With Debt

Apr 27 09:28

Opinion: Indexing for retirees’ life expectancy could help fix Social Security’s finances

While life expectancy does not increase the size of the monthly payment, it changes the number of checks that a retiree expects to collect. Increased longevity means that workers are more likely attain the age of eligibility, and that retirees will tend to collect over a longer period of time. In other words, the overall retirement protection provided by Social Security expands with life expectancy.

Apr 27 08:42

ECRI Weekly Leading Economic Indicator

Apr 27 04:05

PJ Media sold for a measly $100,000

Apr 26 12:25

Bank of Japan & the Bond Crisis

Apr 26 11:05

High-level Russian delegation in Iraq to discuss trade ties

A high-level Russian delegation is visiting Iraq to discuss trade and economic cooperation between the two countries.

The delegation, headed by Deputy Prime Minister Yury Borisov, met with Iraqi Foreign Minister Mohammed Alhakim on Thursday.

Borisov said the two sides discussed trade in agriculture and industry and said his country is seeking to increase food exports to Iraq.

Iraq is reliant on imports to feed its population, and imports a significant portion of food items from Iran.

Apr 26 11:03

39 million Americans can’t afford a summer vacation

The summer season is a huge travel time for American families, but some startling information tells us that this year isn’t going to be the break a lot of people are hoping for.

According to a new Bankrate survey, an estimated 39 million Americans won’t be taking a summer vacation this year because they can’t afford one. While just over half of American adults are planning to take some sort of trip during the summer months, a whopping 48% are either definitely not taking one or haven’t decided yet.

The biggest factor, of course, is cost. Vacations typically cost just under $2,000 on average. One of five of those who say they can’t afford a vacation explain that paying down debt is the biggest thing standing in their way. So racking up more debt for a little R&R is clearly not a good idea.

Apr 26 11:01

Wall Street bankers make triumphant return to Saudi Arabia just in time for mass beheadings

Global finance leaders, who boycotted the Saudi investment summit last year over the murder of journalist Jamal Khashoggi, have returned to Riyadh despite the beheadings of dozens of people this week.

Big investors, particularly from Wall Street, joined panels at the two-day financial forum which began on Wednesday in Riyadh.

Larry Fink, CEO of US investment corporation BlackRock, told the conference that his company had bought some of Saudi state-owned oil giant Aramco’s bonds and was looking for other “opportunities” in the kingdom.

Apr 26 11:00

Cryptos Tumble After NY AG Accuses Bitfinex Of Massive $850 Million Cover-Up

New York’s Attorney General alleged the operator of the Bitfinex cryptocurrency trading platform and the issuer of the Tether "stablecoin" lost $850 million which it subsequently covered up using funds from affiliated stablecoin operator Tether - i.e., engaged in co-mingling of client and corporate funds - to secretly cover the shortfall; the news sparked a sharp selloff in the cryptocurrency space where Bitfinex has long been rumored to be a mechanism to prop up various virtual currencies.

Apr 26 10:58

GDP, Retail sales, Oil prices

Apr 26 10:58

US will go to any length to keep its tenuous hold on global hegemony: Scholar

The United States has shown that it will go to any length to keep its tenuous hold on global hegemony, says Dennis Etler, an American political analyst who has a decades-long interest in international affairs.

Etler, a former professor of Anthropology at Cabrillo College in Aptos, California, made the remarks in an interview with Press TV on Thursday while commenting on a historic first summit between Russian President Vladimir Putin and North Korean leader Kim Jung-un.

Apr 26 10:57

Trump's tax bill allows twice as many companies to pay zero taxes

The tax plan introduced by the administration of US President Donald Trump has allowed twice as many companies to pay zero taxes, according to a recent report.

The report by the Center for Public Integrity revealed that under the Trump tax plan, which is officially known as the Tax Cuts and Jobs Act, corporate tax rates were lowered from 35 percent to 21 percent resulting in the number of companies paying no taxes to go from 30 to 60 in its first year.

The Washington, DC-based think-tank, the Institute on Taxation and Economic Policy (ITEP) found that the number of companies exempted from taxes was more than twice as many as ITEP found roughly, per year.

Many of the country's largest publicly-held corporations have reported that they owe absolutely nothing on the billions of dollars in profits they earned last year, it said.

Apr 26 10:42

Putin arrives in Beijing

Russian President Vladimir Putin has arrived in China to take part in the One Belt One Road international forum on April 26-27.

Putin’s working program will begin on Friday. Together with his Chinese counterpart Xi Jinping, he will speak at the opening ceremony of the forum in Beijing's National Convention Center. The Russian leader will also hold a series of meetings, specifically, with the leaders of Azerbaijan, Serbia, Egypt and Cyprus and Myanmar’s foreign minister. Putin’s bilateral talks with Xi Jinping are due to be held too.

The forum’s three working sessions are scheduled for April 27. Putin plans to address one of them.

Apr 26 10:08

Iceland court orders Visa & Mastercard partner Valitor to pay $10mn over WikiLeaks banking block

Valitor, a partner of Visa and Mastercard, must pay WikiLeaks US$10 million for refusing to lift its 2011 banking blockade against the whistleblowing site despite a court order, local media reports.

The District Court of Reykjavik is ordering Valitor to fork over some $10 million (1.2 billion Icelandic krona) to WikiLeaks payment processor DataCell and WikiLeaks publisher Sunshine Press after Valitor failed to comply with a 2013 Supreme Court order to resume processing credit card payments for WikiLeaks.

Valitor was warned when the ruling came down that if they did not lift the blockade, daily penalties would continue to pile up. It is reported that Valitor plans to appeal.

Apr 26 10:05

Opinion: Behind that great GDP number, the real economy slumped

The economy isn’t doing nearly as well as that 3.2% annual growth rate for gross domestic product reported Friday by the Commerce Department.

The heart of the real economy — private-sector consumption and investment — slowed sharply in the first quarter to a 1.3% annual rate, the slowest in nearly six years.

“On the outside, it looks like a shiny muscle car. Lift the hood, however, and you see a fragile one-cylinder engine.”

Consumer spending rose only 1.2% in the first quarter, after healthy 2.5% growth the previous quarter. Spending on durable goods plunged 5.3%, the worst since 2009.

Business investment also slowed, to 2.7% from 5.4%. Investments in structures, such as factories, offices, stores and oil wells, fell for the third straight quarter. Investments in equipment — computers, airplanes and machinery — barely grew, rising 0.2%.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA