ECONOMY

Apr 24 09:40

Italian factory shutdown threatens 4,000 jobs

A blast furnace at an Italian steel plant was shut down on Thursday with 4,000 jobs at risk despite a call by Pope Francis for officials "to make every effort in terms of creativity and generosity to rekindle hope".

Apr 24 09:29

Living on a Dollar a Day: New book puts a face to the 1.6 billion people on earth who live in extreme poverty

A San Francisco-based law professor who founded an international organization to fight hunger and poverty has teamed up with a Pulitzer Prize-winning photojournalist to compile a collection of shocking images of poverty throughout the world for a new book that puts a face on global poverty and provides a window into the lives of people who survive on little-to-no money.

Apr 24 09:16

Brits suffered the biggest wages drop in the G7 but French and Germans enjoy pay rises despite working fewer hours than we do

Britain has suffered the biggest squeeze on wages of any of the richest G7 countries, new research revealed today.

While other major economies have seen pay levels return to pre-crash highs, wages in the UK were 6.1 per cent lower in real terms in 2012 than in 2007.

To add to the misery, people in Germany and France who have seen growth in the salaries actually work fewer hours than Brits.

Apr 24 09:12

Taxpayers to pay £528,000 for Illegal Bilderberg Meeting

The remaining cost of policing the Bilderberg Group meeting in Watford will be paid by Hertfordshire tax payers after an application for a grant has been refused by the Home Office.

The controversial conference which took place in June 2013 attracted more than 2,000 people to The Grove Hotel and policing the event cost about £990,000.

Apr 24 08:48

Bank Regulators Sure Are Doing Well These Days

Thanks to new financial “reform” rules — made possible through the demonization of “greedy” Wall Street — the average bank regulator now makes more than the average “fat cat” banker.

Since the 2010 enactment of the Dodd-Frank Act, federal bank regulator jobs have expanded and pay has climbed with them. Last year, according to Labor Department data, the average worker at a federal bank regulatory agency got 2.7 times the average pay of a private banker.

Apr 24 08:23

Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007

The similarities between 2007 and 2014 continue to pile up. As you are about to see, U.S. home sales fell dramatically throughout 2007

Apr 24 06:42

War Makes Us Poor

any Americans – including influential economists and talking heads - still wrongly assume that war is good for the economy. Many congressmen assume that cutting pork-barrel military spending would hurt their constituents’ jobs.

As demonstrated below, it isn’t true.

Apr 24 06:38

Sale Of Student Debt To Corporate Bloodsuckers

Most UK students outside of Scotland will be paying back student loans well into old age, and many will never repay them. This, not unsurprisingly, parallels the situation in America, where, according to The Institute for College Access and Success (TICAS) Project on Student Debt, two-thirds of American college and university graduates are burdened with debt, the average student owing $26,600. One in 10 graduates owe more than $40,000. The Consumer Financial Protection Bureau estimate that American student debt is $1.2 trillion, with $1 trillion of that being owed to the American government.

Apr 23 22:48

Austerity cuts taking toll on Greeks’ health care: Minister

Greece’s health minister says government austerity measures in the country have resulted in a certain portion of the public losing their health insurance.

Apr 23 19:21

Ukraine coal miners on strike, refuse to pay Kiev coup damages bill

The Coupsters are trying to get the working man to pay for the damage that they,the Coupsters did to Kiev! What gall!

Over 2,000 coal miners in Lugansk region have been on strike for the second day running, demanding higher wages and refusing to accept a pay cut to fund the restoration of Kiev, which suffered damage during the coup that overthrew the government.

According to local media reports miners have seen around a 10 percent cut in their paychecks to restore the Ukrainian capital.

Apr 23 17:35

An Unprecedented Plague Has Hit Oranges And Another Has Hit Bananas

What is causing all of these plagues to hit our food supply? Have you heard of citrus greening disease? Probably not, but it has already gotten so bad that it is being projected that Florida’s orange harvest will be the smallest in 30 years. Have you heard of TR4? Probably not, but it has become such a nightmare that some analysts believe that it could eventually wipe out the entire global supply of the type of bananas that Americans eat. In addition, another major plague is killing millions of our pigs, and a crippling drought that never seems to end is absolutely devastating agricultural production in the state of California. Are we just having bad luck, or is there something else to all of this?

Apr 23 16:07

Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007

The similarities between 2007 and 2014 continue to pile up. As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, our politicians andFederal Reserve Chairman Ben Bernankepromised us that everything was going to be just fine and that we definitely were not going to experience a recession. Of course we remember precisely what followed. It was the worst economic crisis since the days of the Great Depression. And you know what they say - if we do not learn from history we are doomed to repeat it. Just like seven years ago, the stock market has soared to all-time high after all-time high. Just like seven years ago, the authorities are telling us that there is nothing to worry about. Unfortunately, just like seven years ago, a housing bubble is imploding and another great economic crisis is rapidly approaching.

Apr 23 15:26

Is It Time To Freak Out About U.S. Economy?

Apr 23 13:38

Is The Petrodollar Doomed | Jay Taylor

Apr 23 13:03

The REAL Reasons We’re Drifting Towards World War III

All of the talk of war in the Ukraine and Syria is confusing … so here’s an executive summary:

War is horrible for the economy, and makes the American people poorer

The American people are overwhelmingly opposed to more war in Ukraine, Syria, Iran and elsewhere

But you don’t have any say in issues of war or peace. The U.S. is an oligarchy … not a democracy or a republic

Indeed, opposing war may get you labeled as a terrorist (background)

War makes a handful in the military-industrial complex and big banks rich

So endless war is a feature – not a bug – of U.S. policy

Apr 23 12:57

Is America Almost Done Being Suckered by Privatization?

A new piece in The Atlantic suggests that in cities and states across the country, more public officials are expressing "new skepticism" towards the privatization of public goods and services—a trend that community activists have long criticized.

In her new article, entitled "The Privatization Backlash," journalist Molly Ball argues the tide is at least beginning to turn against the attitude, which has dominated for decades, in which "city and state governments have seen contracting as a cost-saving panacea."

Apr 23 12:03

GM Shipping Kits To Finally Repair Ignition Defect Responsible For 13 Deaths

Amid probes from legislators, regulators, lawyers and criminal investigators into how General Motors managed to get away with allowing more than a million vehicles to hit the road with defective ignition switches tied to at least 13 deaths, the car maker has finally begun shipping out kits to its dealerships so they can start fixing the problem.

The Wall Street Journal reports that GM has already sent out thousands of kits containing ignition switches, ignition cylinders and key sets to replace the defective switch that the car company had known about since 2001 — before the first of the recalled vehicles hit the road — but did nothing to fix until issuing the recall earlier this year.

Apr 23 11:43

Only Greece tops Italy for debt: EU

The Italian government's debt-to-GDP ratio hit 132.6 percent in 2013, the second-highest in the EU after Greece, figures released on Wednesday showed.

Apr 23 11:33

There’s Only One Way Out for America’s Sinking Middle Class

Investing alone won’t protect you… And neither will finding a “good job.” Here's how to protect yourself.

Apr 23 10:37

The Secret Silver Stockpile

In the silver market; we have various reasons for believing that the crisis faced by the banksters in terms of evaporating inventories (and stockpiles) is even more severe/desperate than in the gold market, and thus the level of fraud is likely at least as high, if not higher. The starting point in such suspicions is a now-infamous chart on (supposed) “silver inventories” which the One Bank probably wishes its minions had never created.

The sickening plunge in silver inventories between 1990 and 2005 (where inventories collapsed by 90%) meant that we were already at a crisis-point in the silver market nearly a decade ago, whereas it’s only in the last year or two where anecdotal evidence (and the bankers’ own actions) seem to indicate a crisis in gold inventories – yet actual “default” in the gold market likely occurred several years before this.

Apr 23 10:36

Wall Street Greed and the Corrupt Global Banking Cartel: Too Big to Prosecute? Not for a California Jury

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel?

United States Attorney General Eric Holder has declared that the too-big-to-fail Wall Street banks are too big to prosecute. But an outraged California jury might have different ideas.

Apr 23 10:30

New Home Sales Collapse To 8 Month Lows

New Home Sales collapsed 14.5% month-over-month to its lowest since July 2013. A mere 384k versus 450k expectations is the biggest miss since July. So much for the Spring buying season... This is a 7 standard deviation miss against the smart economists' estimates! Whocouldanode that when the free-money sponsored fast money leaves the game that real people with real debt and real wages are simply priced out of buying a new home? Supply of unsold new homes jumps to 6 months, its highest since Oct 2011 (as once again the visible hand's interference has produced yet another mal-investment boom as the 'if we build it, they will come' builders face an ugly reality).

Apr 23 09:50

16 MORE MAJOR RETAILERS CLOSING THOUSANDS OF STORES

The economy appears to be in far worse shape than the major media outlets would have us believe. In fact, if you want to see how bad the economy really is, simply visit your local shopping center. There you will find that headlines about a retail tsunami – as CNBC put it — are accurate.

Unfortunately, it could be just the tip of the iceberg. Recent news stories show that American retail is in a desperate situation and the entire economy is on very shaky ground.

Here are 16 major companies that have closed stores or will close stores soon:

Apr 23 09:37

The Ugly, Gruesome, Slimy Run-Up To WW-III

The unpleasant reality is that we are already in WW-III, and have been for some time. The entire Earth and the vast majority of the human race are under unrelenting assault.

The Economic Front of WW-III

But you don't have to take my word for it. Warren Buffett, the well-known multi-billionaire and fourth richest man in the world recently stated:

"Through the tax code, there has been class warfare waged, and my class has won. It's been a rout.

Apr 23 09:35

War Makes Us Poor

Many Americans – including influential economists and talking heads - still wrongly assume that war is good for the economy. Many congressmen assume that cutting pork-barrel military spending would hurt their constituents’ jobs.

As demonstrated below, it isn’t true.

Nobel-prize winning economist Joseph Stiglitz says that war is bad for the economy:

Apr 23 09:10

LOL: Explaining The Horrendous Home Sales Report: It Snowed Everywhere But In The Northeast

The NAR refuses to face reality - consumers are tapped out and banks are demanding both 25%+ deposits and hefty upfront fees even if you don't get approved!

Apr 23 08:38

US middle class no longer most prosperous in world

Middle-class Americans have lost their status as the most prosperous in the world, a new investigation has found, shattering the myth of the US dream of prosperity and opportunity.

For the first time in 40 years, a person on median income in America is less well-off than one in Canada, which has over taken the US as the best place in the world to be middle class.

The data, published by the New York Times, shows that median incomes – those in the 50th percentile in wealth terms – are falling in the US compared to international competitors despite relatively strong economic growth.

The disparity is explained by the fact that the richest five per cent of Americans remain by far the most affluent in the world.

Apr 23 08:25

NASDAQ Foreshadowing a Bearish Event?

The three-day buying streak last week offered some optimism that maybe the worst was over for the stock market, but my technical analysis of the charts indicates otherwise.

While blue chip and large-cap stocks are holding up fairly well, this cannot be said of the technology, growth, and small-cap segments of the stock market.

I previously discussed the stock market risk with high-beta stocks, but there are some warning signs on the charts that foreshadow a potential sell-off in the NASDAQ in the weeks ahead.

This stock market index had been down nearly 10%, which is the technical reversal point, but the NASDAQ managed to rally and is currently down only about seven percent.

The index is back above 4,000, but failure to hold would be the third time the NASDAQ failed to do so above this level, which would be a red flag for pending weakness in the stock market.

Apr 23 08:11

Penning the Sheep for a Shearing—Capital Controls

It’s not exactly a secret that the West generally and the US in particular are moving deeper into bankruptcy and are seeking more and more control over all facets of their citizens’ lives. These trends will sooner or later lead to an overt attempt to control the flow of money in some way—just as they have in other countries throughout history that have headed down similar paths.

Apr 23 08:10

How the Obscenely Wealthy Are Strangling Our Democracy

A new academic paper by Princeton University’s Martin Gilens and Northwestern University’s Benjamin Page has made national headlines by concluding that wealthly Americans almost always get what they want from the political system regardless of what middle-class and working-class people seek from the government.

Steven Rosenfeld spoke with Benjamin Page about this research and the prospects for political change and a progressive agenda.

Apr 23 07:42

Time is running out for the US dollar

It is often speculated that some members of the US establishment are pushing Ukraine towards a military conflict with Russia. But why do it in such a hurry? A Russian economist claims t hat he know s the answer, alluding to the link between the latest international crisis and the fate of the US currency.

Apr 23 07:02

The Middle Class In Canada Is Now Doing Better Than The Middle Class In America

For most of Canada’s existence, it has been regarded as the weak neighbor to the north by most Americans. Well, that has changed dramatically over the past decade or so. Back in the year 2000, middle class Canadians were earning much less than middle class Americans, but since then there has been a dramatic shift.

Apr 23 07:02

Government = Protection Racket for the 1 Percent

The evidence of income inequality just keeps mounting. According to “Working for the Few,” a recent briefing paper from Oxfam, “In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.”

Apr 23 06:20

Man Eats Twelve Gold Bars To Avoid Taxes

Apr 23 02:09

THE US IS AN OLIGARCHY (PROOF)

Has a certain bitter humour to it, but is not satire: these charts are based on thorough research.

Apr 22 22:34

Israeli women selling organs due to economic distress

Many young Israeli women agree to sell their organs because of their dire economic situation, according to a police report.

Apr 22 19:29

The Middle Class In Canada Is Now Doing Better Than The Middle Class In America Is

For most of Canada's existence, it has been regarded as the weak neighbor to the north by most Americans. Well, that has changed dramatically over the past decade or so. Back in the year 2000, middle class Canadians were earning much less than middle class Americans, but since then there has been a dramatic shift. At this point, middle class Canadians are actually earning more than middle class Americans are. The Canadian economy has been booming thanks to a rapidly growing oil industry, and meanwhile the U.S. middle class has beensteadily shrinking. If current trends continue, a whole bunch of other countries are going to start passing us too. The era of the "great U.S. middle class" is rapidly coming to a bitter end.

Apr 22 18:13

Bitcoin for an Efficient Open-Source Government

Eric Blair
Activist Post

Bitcoin, the currency, remains controversial, but the possibilities of its technology as an automated public ledger is beginning to gain universal respect...

Apr 22 16:54

How to Fix Sky-high CEO Pay in Companies that Pay Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times.

Meanwhile, over the same thirty-year time span the median American worker has seen no pay increase at all, adjusted for inflation. Even though the pay of male workers continues to outpace that of females, the typical male worker between the ages of 25 and 44 peaked in 1973 and has been dropping ever since. Since 2000, wages of the median male worker across all age brackets has dropped 10 percent, after inflation.

Apr 22 16:23

Education by Nike and Pepsi: Brand names littering NY Common Core Standardized Tests Vex Parents

The test questions have not been made public, and teachers and principals are barred from discussing them. But teachers posting anonymously on education blogs have complained

Apr 22 16:14

The Core, of Common Core is Consumerism

Nike, Barbie and iPod were among the more famous brands to have appeared in a recent New York Common Core standardized English test taken by more than a million students in grades three to eight. Other brands included Life Savers and Mug Root Beer.

Apr 22 15:38

Exclusive--Texas AG Abbott to BLM: 'Come and Take It'

Don't mess with Texas!

“I am about ready,” General Abbott told Breitbart Texas, “to go to go to the Red River and raise a ‘Come and Take It’ flag to tell the feds to stay out of Texas.”

Gen. Abbott sent a strongly-worded letter to BLM Director Neil Kornze, asking for answers to a series of questions related to the potential land grab.

Apr 22 13:51

The American Middle Class Is No Longer the World’s Richest

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

Apr 22 13:36

Italy's biggest banks sign loan deal with US firm

Italy's two biggest banks, Intesa Sanpaolo and UniCredit, have signed a deal with US private equity firm KKR and restructuring adviser Alvarez & Marsal to create a vehicle for restructured loans, a statement said on Tuesday.

Apr 22 13:19

Florida City About To Make It Illegal For Homeless People To Have Possessions In Public

A backpack. Spare clothes. A notebook. Some keepsake photos. Crackers.

Though they may not have a home in which to secure their stuff, homeless people still have possessions like everyone else.

Yet the city of Ft. Lauderdale, Florida is on the cusp of passing a new regulation that would make it illegal for anyone to store their personal things on public property. Specifically, it would empower police to confiscate any personal possessions stored on public property, provided they have given the homeless person 24-hours notice. If the homeless people wish to retrieve their items, they must pay the city “reasonable charges for storage and removal of the items,” though that fee is waived if the person is able to demonstrate he or she cannot afford to pay. The city may dispose of any possessions not retrieved within 30 days. One of the driving factors behind the measure, according to the legislation, is the city’s “interest in aesthetics.”

Apr 22 12:25

British expats flee from crisis-hit Spain

The number of British living in Spain fell by over a fifth in 2013 as the exodus of Spain's foreign residents brought the country's total population down for the second year in a row, data released on Tuesday shows.

Apr 22 11:56

Enough Already: The G-20 and the US Tell the Bank of Japan to End Quantitative Easing

It looks like QE is going to end with a whimper instead of a bang.

The bigwigs in the G-20 have put the kibosh on Japan’s money printing extravaganza. While most analysts expect the Bank of Japan (BoJ) to announce more “easing” in the days ahead to counter weakening economic data and droopy stock prices; it’s not going to happen. Why? Because the big boys have told the BoJ to knock it the hell off, that’s why?

Apr 22 11:34

Insurer Admits Nearly 1,000 Doctors Wrongly Placed On Covered California Provider List

Two months after KPIX 5 ConsumerWatch first reported about some doctors listed on the Covered California exchange were actually not accepting the plans, insurer Anthem Blue Cross admitted that nearly 1,000 doctors were erroneously listed.

Apr 22 11:16

Discussion Of The Money Bubble | James Turk

Apr 22 10:53

Oklahoma House Votes to Legalize Gold and Silver as Money

Activist Post

Late last week, a bill to legalize gold and silver as legal tender was passed through the Oklahoma state house. The vote was 74-12.

Senate Bill 862 (SB862), was introduced by Sen. Clark Jolley and Rep. Gary Banz, with cosponsorship from Sen. Natham Dahm. It reads, in part:

"Gold and silver coins issued by the United States government are legal tender in the State of Oklahoma. No person may compel another person to tender or accept gold or silver coins that are issued by the United States government, except as agreed upon by contract."

The bill also provides a state-level tax exemption to Oklahoma residents exchanging their precious metals for another medium of exchange...

Apr 22 09:55

The Risks Are Massive: “Will Likely Lead to Famine and Civil Unrest”

With China’s debt now bursting at the seams and the economic outlook in the United States signaling a major recession the governments and central banks of the world are very rapidly running out of options.

So much so that well respected Swiss asset manager Egon von Greyerz of Matterhorn Asset Management warns that they will have no choice but to ramp up monetary printing at an accelerated pace in 2014. Failure to do so will likely seize up the global flow of credit and lead to a massive financial collapse as liquidity gets sucked out of the system.

Apr 22 09:53

Retail Store Closures Soar In 2014: At Highest Pace Since Lehman Collapse

What a better way to celebrate the rigged markets that are telegraphing a "durable" recovery, than with a Credit Suisse report showing, beyond a reasonable doubt, that when it comes to traditional bricks and mortar retailers, who have now closed more stores, or over 2,400 units, so far in 2014 and well double the total amount of storefront closures in 2013, this year has been the worst year for conventional discretionary spending since the start of the great financial crisis!

Apr 22 09:43

Bombshell Chinese Revelations: Chinese Banks And 100,000 ‘Outlets’ Selling Gold to Public!

In a MUST SEE interview with Bloomberg, Albert Cheng, the World Gold Council’s Managing Director, Far East dropped 2 bombshells regarding Chinese gold demand.

First, Cheng revealed that nearly every Chinese Bank is now selling gold over the counter directly to the public, and Cheng also made the shocking revelation that over 100,000 gold dealers are now selling gold to the public in China.

To put this number in perspective, the number of US retail locations for McDonalds, Subway, and Starbucks COMBINED… are only 50,000!

Apr 22 09:17

Reuters Analysis: Printing Money Is More Important Than Ever for Yellen

This Reuters editorial presents the reality of Yellen's upcoming Fed regime. Peter Schiff and others – including The Daily Bell – were correct.

There is not going to be any radical tightening at the Fed.

Supposedly, Yellen was going to cease quantitative easing. But QE is simply a strategy and whether or not it continues does not necessarily have an effect on the larger money-printing environment.

This article tells us what is probably the truth about the Fed regime: People misinterpreted Yellen's initial remarks on the subject. Just because she is departing from Ben Bernanke's goal-based employment doesn't mean Yellen is departing from the idea of printing currency to create jobs.

Apr 22 09:00

Do We Need a Thieving, Warmongering Ruling Class?

Murray Rothbard called his political philosophy anarcho-capitalism to differentiate it from the far more common “communist anarchism.” Or, rather, it was more common then.

Today, Murray’s vision of the free society without the oppressive, bloodthirsty, predatory State, and buttressed by private property, laissez-faire, and non-aggression, has relegated the bad guy anarchists to a particularly dusty corner of the history of thought.

Apr 22 08:58

The Class War's Front Line Should be Eliminating Billionaires From the Planet

The brutal class war shows up every day in our headlines. So does climate change. What do they have in common? Billionaires-- people who should not be allowed to exist. It is far too dangerous to allow any one person to have the power that billionaires wield.

Apr 22 08:54

The Elite, the ‘Great Game’ and World War III

The control of the US, and of global politics, by the wealthiest families of the planet is exercised in a powerful, profound and clandestine manner. This control began in Europe and has a continuity that can be traced back to the time when the bankers discovered it was more profitable to give loans to governments than to needy individuals.

These banking families and their subservient beneficiaries have come to own most major businesses over the two centuries during which they have secretly and increasingly organised themselves as controllers of governments worldwide and as arbiters of war and peace.

Unless we understand this we will be unable to understand the real reasons for the two world wars and the impending Third World War, a war that is almost certain to begin as a consequence of the US attempt to seize and control Central Asia. The only way out is for the US to back off – something the people of the US and the world want, but the elite does not.

Apr 22 08:04

Food Chain CEOs Want Subsidies for Their Salaries, But Are Against Raising Workers' Wages

You might say the chieftains of America’s largest restaurant corporations want it every which way and then some.

Having read the polls supporting a minimum wage hike, they’re skittish about trashing the idea personally. So they pay their DC lobby machine to do their dirty work. And it’s not enough for them to shove the costs of their low-wage model onto Joe Schmo taxpayer. These CEOs are also making the rest of us pay for their own fat paychecks.

Apr 22 07:48

Silver Up & S&P Down

Silver has had three bad years while the S&P has had five good years. It is time for both markets to reverse.

Apr 22 06:32

Video: Is The US Military Preparing For The Collapse Of The Dollar?

It almost happened in 2008… but as this excerpt from Casey Research’s Meltdown America documentary notes, it appears the US military is preparing for the potential collapse of the US dollar. As Scott Taylor warns, “…if the carrot (of credit worthiness) is fading, and the stick (of military threat) is weak, that empire is going to come down in a hurry…” which leaves a serial economic mis-manager only one option to ‘secure’ the empire.

Apr 22 04:01

Russian gas giant buys 50% stake of South Stream

Even as the EU remains split on deciding policy for the pipeline, Russian gas giant Gazprom on Tuesday approved the purchase from its Berlin-based subsidiary of 50 per cent of the shares of South Stream Transport.
Gazprom Germania will sell 205,990 shares of Dutch-based South Stream Transport to the Russian energy giant, according to the resolution approved by the Gazprom Board of Directors.

South Stream Transport, an international joint venture of Gazprom, Italy’s ENI, France’s EDF and Germany’s Wintershall Holding, is in charge of building the undersea portion of the South Stream gas pipeline.

Apr 21 19:34

Debt Rattle Apr 21 2014: The Twilight Of The Rising Sun

One gets the impression from the numbers released to day that Japan has hit sort of a financial perfect storm. The scariest number is probably that its trade deficit QUADRUPLED(!) from a year ago. All you can really say about that is it’s insane. Where the storm gets perfect is in the fact that although the yen fell close to 20% since Abe took the reins 17 months ago, exports are hardly up if at all. That is one huge defeat for Shinzo, since he caused that drop on purpose with the explicit goal of boosting exports. The flipside of that intentional devaluation is of course that imports get much more expensive, and the fall-out, pun intended, of the Fukushima disaster means the country needs to import a lot more – relatively expensive – oil and gas.

Apr 21 18:57

Why MaxCoin is Superior to GOLD?!!!

Apr 21 17:14

The Risks Are Massive: “Will Likely to Lead to Famine and Civil Unrest”

The world is exposed to danger to an extent that it hasn’t been for a long time. So the possibility that something unpleasant or unwelcome will happen is substantial.

Apr 21 16:16

America’s Mad Dash to Oligarchy

The evidence of income inequality just keeps mounting. According to “Working for the Few,” a recent briefing paper from Oxfam, “In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.”

Apr 21 15:14

Greek austerity has caused more than 500 male suicides – report

Spending cuts in Greece have caused some 500 male suicides since their implementation, according to a new study. The research found a positive correlation between austerity and suicide rates after other possible links proved to be unrelated.

The 30-page study, titled 'The Impact of Fiscal Austerity on Suicide: On the Empirics of a Modern Greek Tragedy' and published in the Social Science and Medicine journal was authored by Nikolaos Antonakakis and Alan Collins from Portsmouth University.

“Suicide rates in Greece (and other European countries) have been on a remarkable upward trend following the global recession of 2008 and the European sovereign debt crisis of 2009,” states the study’s abstract.

Apr 21 15:01

Pay booms for building societies' chiefs as millions of savers are hit with more than 1,000 interest rate cuts

Building societies made more than 1,000 interest rate cuts to savings accounts last year – even though the Bank of England base rate remained at an all-time low of 0.5 per cent.

But the resulting financial pain suffered by millions of savers – with many depending on the interest to boost retirement income – was not shared by those who occupy the boardrooms of organisations that are supposed to belong to members.

Just under half of chief executives, 13, enjoyed double-digit percentage increases to their pay packages.

Apr 21 14:52

Do you dream of living mortgage-free? Debt now lasts well into retirement with 320,000 over-65s STILL paying off home loans

People who dream of paying off their mortgage face the prospect of still being in debt well into their retirement.

Official figures show there are more than 320,000 people aged over-65 who are not living mortgage-free.

The number has risen by 20 per cent in two years, and with house prices soaring there are fears many of those struggling to get on to the property today might never clear their debts.

Apr 21 13:58

Greek austerity has caused more than 500 male suicides

Spending cuts in Greece have caused some 500 male suicides since their implementation, according to a new study. The research found a positive correlation between austerity and suicide rates after other possible links proved to be unrelated.

Apr 21 13:46

UK poor hit by double tax whammy

One year ago, the Conservative-Liberal Democrat coalition government in Britain initiated Council Tax Support (CTS) and the Under Occupancy Charge, or “bedroom tax”. These measures have had a devastating impact on the poorest sections of society.

Apr 21 13:03

Obamacare Spawning 'Medical Homelessness' Crisis

California Obamacare enrollees are struggling to find doctors who accept their newly purchased health insurance plans.

UCSF Dr. Kevin Grumbach calls the phenomenon "medical homelessness."

CBS San Francisco says that many of the health care clinics for low-income individuals that helped people enroll in Obamacare are now seeing those same people "coming back to the clinic begging for help."

Apr 21 13:02

Retail Store Closures Soar In 2014: At Highest Pace Since Lehman Collapse

What a better way to celebrate the rigged markets that are telegraphing a "durable" recovery, than with a Credit Suisse report showing, beyond a reasonable doubt, that when it comes to traditional bricks and mortar retailers, who have now closed more stores, or over 2,400 units, so far in 2014 and well double the total amount of storefront closures in 2013, this year has been the worst year for conventional discretionary spending since the start of the great financial crisis!

Apr 21 12:15

Cause of Suicide: Austerity

As governments across the world slash public goods in the name of austerity, a new study finds that such measures in Greece directly correspond with a rise in suicides among males.

Apr 21 11:03

5 Things to Know About How Corporations Block Access to Everything From Miracle Drugs to Science Research

In this wild and contested jungle of the law, which concerns things like patents and copyrights, questions about the implications of allowing limited monopolies on ideas are making headlines. Do they stifle innovation? Can they cause the public more harm than good? Trillions of dollars are at stake. Companies known as “patent trolls” are gobbling up patents, then going on lawsuit sprees and extracting fees against infringement. Corporations are using intellectual property law to squash competitors and block our access to things as vital as lifesaving drugs, to place restrictions on things as intimate as parts of the human body. Third World countries are kept from accessing essential public goods related to everything from food security to education.

Apr 21 10:50

OBAMACARE - Heartbleed Means HealthCare.gov Users Must Reset Passwords

Federal officials are telling Obamacare website account holders to reset their passwords, following revelations of a bug that could allow hackers to steal data.

Officials earlier in the month said the government's main public sites, including HealthCare.gov, were safe from the risks surrounding Heartbleed -- faulty code recently found in a widely-used encryption tool.

But, this weekend, the online marketplace's homepage directs users to change their login information.

Webmaster's Commentary: 

So, they are admitting that healthcare.gov is not secure, due to the bug the NSA has known about and used for at least two years, and your personal medical and financial information is now in the hands of marketers and identity thieves.

Apr 21 10:13

$26 Billion Dollars for the Jewish Lobby: Just the Tip of the Iceberg

Dr. David Duke.

This is of real importance for everyone who wishes to understand how the Jewish lobby in America works, and how it uses American money—and taxpayers—to keep the racist Jews-only state of Israel in business.

Apr 21 09:54

Infographic:: You’re probably making 10 percent less than you were ten years ago.

The top 0.01 percent is making 76.2 percent more.

Apr 21 09:25

General Mills reverses controversial policy restricting consumer lawsuits

General Mills has reversed a controversial policy just a few days after posting new restrictions on consumers' ability to sue the food company, a move that stirred a media frenzy after The New York Times first uncovered the legalese.

The reversal, announced in a statement to Al Jazeera, came shortly after the network aired a segment about the issue Saturday. In the General Mills policy posted on its website, the company had said customers who downloaded coupons, joined its online communities or subscribed to email alerts would give up their right to file class-action lawsuits.

"We've reverted back to our prior terms. There's no mention of arbitration, and the provisions we had posted were never enforced. Nor will they be," General Mills told Al Jazeera on Saturday. "We're sorry we even started down this path ... And we do hope you'll accept our apology."

Apr 21 09:13

I Wanna Be A Pirate

Webmaster's Commentary: 

The video that goes with one of our bumper clips. A lot of people feeling this way these days!

Apr 21 08:37

The Neo-Liberal Deception and the New World Order

Beginning in earnest in the late Seventies, a sustained and pervasive ideological attack was mounted against the role of the State in managing economic affairs. The terms of the attack ranged from ethical and philosophical arguments about individual liberty and property rights to more pragmatic arguments about the supposed economic advantages of private ownership, deregulation of capital and flattened fiscal regimes. Alternative visions of the role of the State were marginalised and discounted as either economically misguided or politically totalitarian.

Apr 21 08:15

Economic Imperialism and the One Word You Can’t Say

One reason the United States and the West aren’t particularly interested in defending their neoliberal policies is because by the time their effects are felt in a particular location, the world and its five-minute attention span has already moved on. Once the glamour of violence simmers down, the appetites of the bourgeoisie are sated. Whether Russia or Thailand or Korea or Chile or the Ukraine, the vicious coup d’état or knowingly-savage policy prescriptions that unlock a country’s economy quickly fade into obscurity. Into that fathomless swamp of imperial crimes. The media moves on to fresher fires, newer conflicts, and more entertaining waves of repression. Falling wages, rising prices, mass privatization, and vanishing tariffs are not newsworthy—at least when ‘newsworthy’ is defined by clicks and eyeballs. Who wants to listen to a cranky union vet opine on the evils of capitalist accumulation?

Apr 21 08:11

The Psychology of Blowing Your Money

Apr 21 08:09

RBS to seek approval from the government to pay out hefty round of bumper bonuses to its top executives

Royal Bank of Scotland is expected to reveal it is seeking government approval to pay bonuses to favoured employees of twice their salaries, possibly as soon as this week, in a move that will reignite the controversy over banker rewards.

Apr 21 07:23

When in Rome

Over its last one hundred years, the State steadily devalued the currency by 98%.

The high cost of government—particularly, growing entitlements and perpetual warfare, coupled with a diminished number of taxpayers, led the government to massive debt, to the point that it could not be repaid.

Those citizens that were productive began to exit the country, finding new homes in countries that were not quite so sophisticated but offered better prospects for the future.

The decline in the value of the currency resulted in ever-increasing prices of goods, so much so that the purchase of them became a hardship to the people. By governmental edict, wage and price controls were established, forcing rises in wages whilst capping the amount that vendors could charge for goods.

The result was that vendors offered fewer and fewer goods for sale, as the profit had been eliminated.

Apr 21 07:20

Camden, city of ruins: Depressing images of once-thriving metropolis reduced to decaying, crime-ridden rubble

These depressing images show how far an American industrial powerhouse has fallen.

Once an east coast centre credited with creating some of the nation's largest warships, Camden in New Jersey is now a sad shadow of its former self.

The shipyards where 36,000 workers would ply their trade now lie empty, surrounded by thousands of decaying and abandoned homes.

Apr 21 07:04

The Meritocracy Myth: How the Super-Rich Really Make Their Money

Paul Buchheit
RINF Alternative News

Warren Buffett once claimed that the "genius of the American economy, our emphasis on a meritocracy and a market system and a rule of law has enabled generation after generation to live better than their parents did." The Economist suggested that "people succeed through brains and hard work." Economist Tyler Cowen believes in a "hyper-meritocracy" in which wealth is created by the most intelligent and motivated people.

Apr 21 06:49

BLOCKED BY FACEBOOK! All Wars Are Bankers' Wars. Mike Rivero


Mirrored from a33state. Zane Henry Please visit his YouTube Channel.
Facebook blocked the link to the original video! To help get it out more I mirror it here.
Thanks to Mike Rivero for his great work and Zane for turning this into a video.
Find Mike On Republic Broadcasting Network and What Really Happened .com
http://republicbroadcasting.org/
http://whatreallyhappened.com/

Apr 21 06:30

America's Book of Secrets : The Gold Conspiracy

Webmaster's Commentary: 

This is last Saturday's episode in which I had a few comments. Be aware that, as of this episode, H2 is charging $1.99 to view the replay.

Apr 21 06:17

Spain’s ‘Robin Hood’ takes from the banks and gives to the disenfranchised

- They call him the Robin Hood of the banks, a man who took out dozens of loans worth almost half a million euros with no intention of ever paying them back.

Apr 21 06:17

Martin Armstrong Asks "Do The Feds Really Own The Land In Nevada?"

REPLY: The truth behind Nevada is of course just a quagmire of politics.

Apr 21 06:17

Economists on Banks :

“If any other profession caused this kind of mayhem, the profession – whether homeopath, neurosurgeon – would have been banned and its members hunted down and imprisoned”

Apr 20 19:20

Bigger Pharma: Pfizer proposes $100 billion takeover of AstraZeneca

U.S. pharmaceutical giant Pfizer (PFE.N) has approached British rival AstraZeneca (AZN.L) to propose a 60 billion pound ($101 billion) takeover, Britain's Sunday Times reported. The paper cited senior investment bankers and industry sources saying that informal conversations about a deal had taken place between the two but that no talks were currently under way after AstraZeneca resisted the approach.

Apr 20 19:19

China Prepares Massive Investments in Crimea

China intends to invest in massive projects in Crimea less than a month after the former Ukrainian province was annexed by the Russian Federation.

Apr 20 18:28

Death of a Market | Andy Hoffman

Apr 20 16:58

Will US Suffer from 'Secular Stagnation?'

Apr 20 16:33

Barclays Latest To Exit Commodity Trading, Layoff Several Thousand Staff

With JPMorgan and Deutsche Bank having exited the commodities business (and numerous other banks discussing it ahead of the Fed and regulators' decisions over banking rules of ownership), it appears a few short months of regulatory scrutiny is enough to warrant more broad-based cuts across bulge-bracket banks historically most manipulated and profitable business units.

Apr 20 16:31

New cold war means new record price for this precious metal

Tensions in the Ukraine have turned investors’ attention towards precious metals. In times of political conflict, especially military, precious metals generally do well. But some people might have been surprised just how the tensions have affected precious metals.

Apr 20 16:31

Gas Prices Hit 13-Month Highs, Prompt Macro Concerns

At $3.67, US Regular gasoline prices are their highest since March 2013 having risen over 12% (40c) in the last 2 months. This must be great news, right? It must mean world demand is picking up and driving up prices of crude oil as global trade soars (amid a collapsing Baltic Dry and decelerating Chinese growth).

Apr 20 16:22

Ready For The Price Of Food To More Than Double By The End Of This Decade?

Do you think that the price of food is high now? Just wait. If current trends continue, many of the most common food items that Americans buy will cost more than twice as much by the end of this decade.

Apr 20 15:57

EU misdiagnosed the crisis, former Barroso advisor admits

In his new book, Philippe Legrain, a former adviser to European Commission President José Manuel Barroso, says European leaders are responsible for the record-high unemployment and rock-bottom growth afflicting the EU.

Apr 20 15:37

A mortuary of 7,000,000 foreclosures and counting: Nation still faces 9.1 million properties that are seriously underwater.

If a foreclosure happens in the wilderness, does it make a sound? It seems like people have conveniently forgotten that since the housing crisis hit we have witnessed more than 7,000,000+ foreclosures. Do you think these people believe the Fed is almighty and can stop a speeding train or turn water into wine? Apparently some people forget that the Fed failed to prevent the tech bust or the housing bust in the first place. Now, the Fed is somehow the cult leader and the leader will not let housing values fall. The nation still has 9.1 million seriously underwater homeowners on top of the more 7 million that have gone through foreclosure. It is abundantly clear that the mindless drivel of “buying is always a good decision” is just that.

Apr 20 13:37

#BundyRanch - 'The case for a little sedition'

as Rich Lowry and others have argued, this is best understood not as a legal proceeding but as an act of civil disobedience.

Apr 20 10:32

Cowboy Poet Waddie Mitchell Pens 'Call to All' in Nevada Ranch Standoff

Famed cowboy poet and Nevada rancher Waddie Mitchell, who spoke with Newsmax TV last week about the clash between Bundy and the BLM, has made the standoff the subject of his latest poem. He shared the piece, "A Call to All," with Newsmax:

A Call to All

Americans, listen up and fear
About what's happening out here
How our bureaucracies do anything to win
They stomp all over rights
Starting State and local fights
Stealing land and property from citizens

How the bureau of mis-management
Doesn't even have to get consent
To spend six million to put one lone rancher down
Cuz, a tortoise might get stepped on
And some fees they disagree on ,,
Make it worth Gestapo force with guns and hounds?........

Apr 20 09:24

Turd Ferguson: A Gold War Has Started

Apr 20 09:15

Bankers Love War Because It Creates Massive Profits

Bankers are often the driving force behind war.

Webmaster's Commentary: 

The people of Earth awaken to the scam!

Apr 20 07:09

Ex-Cop Vincent Lamantia allegedly lied about suffering from post-9/11 trauma

Every year, countless people rake in thousands of dollars by faking an injury to collect on disability payments. Vincent Lamantia, 43, from Staten Island, N.Y., is allegedly one of those fraudsters

Apr 20 04:02

Belgian Banker, Wife, Nephew (9) Murdered

The shooting in Vise last Friday that demanded three deaths looked like a true execution. The bank manager and his wife were shot dead in cold blood, and the godchild of the woman was killed by one or more perpetrators in cold blood. The couple both worked in the banking industry and were quite liked in the neighborhood. The police are still in the dark about the motive.

Benoît Philippens and his wife Carol Haid arrived home Friday night around 23 hours after dining at a restaurant with their godchild Esteban (9). The trio had barely stepped out of their parked car when they were fired on by one or several persons. The offenders had clearly been waiting for their victims.
The investigation is currently focusing on the banking industry.

Apr 19 21:53

Bitcoin for Activists – What You Need to Know

Waking Times

Among activists one often finds an aversion to even thinking about money. Associating it with the opponent — who has lots of it — they try to do without money themselves. Often, for as long as they can, they try to organize and resist without it, until burning out, quitting and getting into a different line of work just to keep up on rent. But, as the 19th-century U.S. populist movement recognized, money is also a battleground. Today, as a new wave of sophisticated digital currencies are beginning to arise, this is perhaps more true than ever before.

Apr 19 21:29

2014, Year of reckoning for America/WW3

014 is shaping up as a year of reckoning for the United States.

Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads.
The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard.

Russia and China have had enough.

Apr 19 21:21

Dollar dying; multi-polar world in offing

Washington’s decision to go for the military coup in Ukraine was intended to rupture the emerging cooperation between key Eurasian nations that ultimately would have isolated the power of US hegemony and opened the door for a genuine multi-polar world where peaceful cooperation replaced military threats and sole Superpower domination.

The very rich and powerful families who control the US military industry complex reacted by trying to revert to their tried strategy of re-activating a new Cold War that paints Russia as evil and tries to cripple or severely weaken her. Ultimately it was a stupid decision being implemented by very stupid people, who believe they are very smart.

Apr 19 20:47

US dollar dying as tensions over Ukraine heat up: Analyst

The US dollar is losing its dominance on global trade amid spiraling tensions between Washington and Moscow over Ukraine, says an analyst.

“Washington’s decision to go for the military coup in Ukraine [has]…isolated the power of US hegemony and opened the door for a genuine multipolar world where peaceful cooperation replaced military threats and sole superpower domination,” Engdahl stated.

Apr 19 18:20

Google: the unelected superpower

Researchers at Princeton and Northwestern universities have pored over 1,800 US policies and concluded that America is an oligarchy. Instead of looking out for the majority of the country’s citizens, the US government is ruled by the interests of the rich and the powerful, they found. No great surprises there, then.

But the government is not the only American power whose motivations need to be rigourously examined. Some 2,400 miles away from Washington, in Silicon Valley, Google is aggressively gaining power with little to keep it in check.

It has cosied up to governments around the world so effectively that its chairman, Eric Schmidt, is a White House advisor. In Britain, its executives meet with ministers more than almost any other corporation.

Apr 19 18:18

H-1B loophole may help California utility offshore IT jobs

Southern California Edison is outsourcing part of its IT operations, and the jobs may be going overseas.

Edison (SCE) is working with Infosys, which is based in India, and iGate, a New Jersey-based company with major offshore centers, as it prepares to lay off workers, according to U.S. government records.

...

NU employees have been training their replacements as a condition of their severance, a process that will likely occur at SCE, if it goes forward with its plan.

Apr 19 15:17

World Bank Wants Water Privatized

Humans can survive weeks without food, but only days without water — in some conditions, only hours. It may sound clichéd, but it’s no hyperbole: Water is life. So what happens when private companies control the spigot? Evidence from water privatization projects around the world paints a pretty clear picture — public health is at stake.

Apr 19 11:28

Keiser Report - Chained American Dream

Apr 19 10:43

Western lawmakers talk federal land takeover

More than 50 political leaders from nine states convened for the first time to talk about their joint goal: wresting control of oil-, timber -and mineral-rich lands away from the feds. “It’s simply time,” said Rep. Ken Ivory, R-West Jordan, who organized the Legislative Summit on the Transfer for Public Lands along with Montana state Sen. Jennifer Fielder. “The urgency is now.”

Apr 19 10:36

Bankers Love War Because It Creates Massive Profits

War Makes Banks Rich

Bankers are often the driving force behind war.

After all, the banking system is founded upon the counter-intuitive but indisputable fact that banks create loans first, and then create deposits later.

Apr 19 10:09

Bitcoin for Activists – What You Need to Know

Among activists one often finds an aversion to even thinking about money. Associating it with the opponent — who has lots of it — they try to do without money themselves. Often, for as long as they can, they try to organize and resist without it, until burning out, quitting and getting into a different line of work just to keep up on rent. But, as the 19th-century U.S. populist movement recognized, money is also a battleground. Today, as a new wave of sophisticated digital currencies are beginning to arise, this is perhaps more true than ever before.

Apr 19 10:03

Are You Ready For The Price Of Food To More Than Double By The End Of This Decade?

Do you think that the price of food is high now? Just wait. If current trends continue, many of the most common food items that Americans buy will cost more than twice as much by the end of this decade. Global demand for food continues to rise steadily as crippling droughts ravage key agricultural regions all over the planet. You see, it isn't just the multi-year California drought that is affecting food prices.

Apr 19 07:59

Ex-Banker: “We Are In Great Danger”

Apr 19 07:40

CEO Pay Soars, Workers Toil in Capitalism's New Gilded Age

Ratio of CEO-to-worker pay is 'unconscionable,' says AFl-CIO as prominent economist argues this level of inequality proves current capitalist system 'cannot work'

Webmaster's Commentary: 

That is because the current system is no longer capitalism, but fascism.

Apr 19 07:39

Krugman: Worried About Oligarchy? You Ain't Seen Nothing Yet

In an interview with journalist Bill Moyers set to air Friday, Nobel laureate and New York Times columnist Paul Krugman celebrates both the insights and warnings of French economist Thomas Piketty whose new ground-breaking book, Capital in the Twenty-First Century, argues that modern capitalism has put the world "on the road not just to a highly unequal society, but to a society of an oligarchy—a society of inherited wealth."

The conclusions that Piketty puts forth in the book, Krugman tells Moyers, are revelatory because they show that even people who are now employing the rhetoric of the "1% versus the 99%" do not fully appreciate the disaster that global wealth inequality is causing.

Apr 19 07:10

Because Nothing Says "I'm Going to Shoot You with an AK-47" Like a Little Girl in a Game of Thrones T-Shirt

We can all breathe a sigh of relief to know that "zero tolerance" applies to teachers as well as students. Bergen Community College in New Jersey is safe...they have shut down a terroristic threat and suspended the professor responsible. Everyone must understand that we can't just send out photos that might reference guns and not expect to face the consequences.

I'll go out on a limb here and guess that when Professor Francis Schmidt was summoned to the school's human resources department over a "threatening email" he was probably absolutely baffled.

When Schmidt arrived at the meeting, the human resources director, two college officials, and a security official were awaiting him. Schmidt had been reported by the dean of the school for sending a threatening email.

Apr 19 06:52

Seed Wars: Latin America Strikes Back Against Monsanto

Boasting more back channels and revolving doors with national and regional governments than most other companies on the planet, Monsanto is used to getting its way. With the direct assistance of the U.S. government and diplomatic services, the company goes from strength to strength, regardless of its myriad scandals.

Apr 19 06:46

What Happened To The Middle Class? The Infographic

Restaurants like Olive Garden and Red Lobster are struggling, while high end dining is flourishing. At GE, demand for high-end dishwashers is racing ahead of sales growth for mass-market models. The increased wealth of highly skilled workers, the insane wealth of those with capital, and the outsourcing of lower skilled jobs have left us all asking, “what happened to the middle class?”

Webmaster's Commentary: 

The middle class in this country is "gone, baby GONE!!", as the jobs which used to maintain the middle class are continuing to be offshored and outsourced to the cheapest centers of labor.

The destruction of the middle class in this country is also very deliberate, courtesy of the last several administrations, as most protest movements tended to come from the middle class.

Apr 19 06:24

What Happened To The Middle Class? The Infographic

Restaurants like Olive Garden and Red Lobster are struggling, while high end dining is flourishing. At GE, demand for high-end dishwashers is racing ahead of sales growth for mass-market models. The increased wealth of highly skilled workers, the insane wealth of those with capital, and the outsourcing of lower skilled jobs have left us all asking, “what happened to the middle class?”

Apr 18 19:23

What Will You Do When You Can No Longer Buy Or Sell Without Submitting To Biometric Identification?

In some areas of the world, payment systems that require palm scanning or face scanning are already being tested. We have entered an era where biometric security is being hailed as the “solution” to the antiquated security methods of the past. We are being promised that the constant problems that hackers are causing with our credit cards, bank accounts, ATM machines and Internet passwords will all go away once we switch over to biometric identification. And without a doubt, we have some massive security problems that need to be addressed. But do you really want a machine to read your face or your hand before you are able to buy anything, sell anything or log on to the Internet? Do you really want “the system” to be able to know where you are, what you are buying and what you are doing at virtually all times? Biometric security systems are being promoted as “cool” and “cutting edge”, but there is also potentially a very dark side to them that should not be ignored.

Apr 18 19:01

The world's dumbest idea: Taxing solar energy

In a setback for the renewable energy movement, the state House in Oklahoma this week passed a bill that would levy a new fee on those who generate their own energy through solar equipment or wind turbines on their property. The measure, which sailed to passage on a near unanimous vote after no debate, is likely to be signed into law by Republican Gov. Mary Fallin.

The bill, known as S.B. 1456, will specifically target those who install power generation systems on their property and sell the excess energy back to the grid. However, those who already have such renewable systems installed will not be affected.

Apr 18 18:49

Bank and insurers sending customers policy documents with more words than Macbeth, survey finds

Insurers and banks have come under attack for sending customers reams of unnecessary policy documents that are even longer than Macbeth.

Nearly three quarters of consumers admitted to not reading all of their policy documents or T&Cs because they were too long.

While only 17 per cent of people who did read it in full said they understood it, according to the survey of more than 2,000 people.

Consumer group Fairer Finance, who commissioned the survey, has launched a campaign against the book-length policy documents that are riddled with legalese and jargon.

Several terms and conditions sent out to customers were found to be nearly twice the length of Shakespeare’s Macbeth - which is 19,000 words long.

Apr 18 18:47

Barclays new overdraft rates nearly as bad as payday loans: Banks being investigated by regulator over charges

Bank overdraft charges are being investigated amid evidence that some are almost as expensive as payday loans.

Regulator the Financial Conduct Authority fears customers may not understand how fees are worked out in systems that can vary widely between banks.

Barclays is changing to a new charging regime which it says will be simpler for customers. However some will see their charges rise by as much as 15 times, although Barclays says the majority will pay the same or be better off.

But the move has triggered a backlash on the bank’s Facebook page, with customers threatening to leave in protest.

Apr 18 18:07

Prelude to economic disaster: Billionaire liquidates all real estate ahead of cash

If you were to contact a real estate agent in any major market today they’d likely advise you the market is so “hot” that if you intend on purchasing property you’d better be prepared to act fast. They’ll adamantly point out, contrary to reality, that the housing market has recovered, available inventory is dropping, prices are rising, and they can only go higher from here.

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