ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 26 07:58

B.C. selling out taxpayers

So what if you could pay $2.25 not for a 500-ml bottle of water, not for a big office cooler full, but $2.25 for one million litres of water?

Sounds ridiculous given the retail price, but that’s the unbelievably low rate the BC Liberal government has given to giant multinational firm Nestle and others to extract fresh, clean groundwater to bottle and sell for exorbitant profits.

The price is so outrageous I have to repeat it - Nestle Waters Canada pays the province just $2.25 for each one million litres of water.

The total estimated price of all the water Nestle will bottle from B.C. in an entire year is - wait for it - just $562 a year.

But, if you can believe it, that’s an improvement - because until recently they got it all for free.

Mar 26 07:48

Initial Jobless Claims Drop Back Below Dreaded "300k" Level

After last week's initial jobless claims drop - which nevertheless held the 4-wk average above 300k - this week saw the number drop once more. Against expectations of 290k, claims printed 282k, leaving the 4-week average at 297k, conveniently below the 300k mark. Continuing claims continues to flatline at an elevated level. This means that since the end of QE3, initial jobless claims are unchanged as the trend of improvement has clearly stalled.

Mar 26 07:33

Westward Ho on China’s Eurasia BRIC Road

President Xi Jinping's Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives have attracted worldwide attention with some experts and media outlets calling them China's version of the Marshall Plan

Mar 26 07:31

Australian government welfare report prepares brutal assault against disabled, unemployed

Prime Minister Tony Abbott’s Liberal-National government last month released a report into the Australian welfare system that outlined measures aimed at slashing billions of dollars in public spending by denying welfare payments to hundreds of thousands of disabled, unemployed and other vulnerable people.

The report’s chief author, Patrick McClure, has been chief executive officer for both large charity organisations Mission Australia and St Vincent de Paul. He authored an earlier report in 2000 into the welfare system that paved the way for the further privatisation of social services and extension of punitive “mutual obligation” responsibilities for unemployed workers and others receiving welfare payments.

Mar 26 06:02

Brazilian Police Uncovers New Case Of Embezzling Millions In State Body

Rio de Janeiro the Brazilian Federal Police today conducted an operation to dismantle a suspicious band millionaires have caused damage to public coffers in a department of the treasury.

Embezzlement proven by research amounted to 5,700 million reais ($ 1.780 billion), but police suspect damage to public funds can be raised to 19,000 million reais (about 6,000 million), according to an official statement.

The gang is suspected of manipulating favor of private interest’s processes of the Administrative Board of Tax Appeals (CARF), the Federal Revenue Department (Treasury) responsible for fining tax evaders.

http://whatisusa.info/brazilian-police-uncovers-new-case-of-embezzling...

Mar 26 06:01

OIL SURGES, GOLD AND SILVER SPIKE AS SAUDI ARABIA BOMBS YEMEN

Geopolitical tensions escalated dramatically over night as Saudi Arabia launched military operations including air strikes in Yemen. The Saudis claim the action is to counter Iran-allied forces besieging the southern city of Aden where the U.S. backed Yemeni president had taken refuge. Oil surged and gold rose nearly 2% following a sharp drop in stocks on Wall Street globally in response to the bombing in Yemen.

Mar 26 05:44

Burger King Hamburger Perfume Sold In Japan

For fans who want to enjoy burgers smell but not necessarily taste the flavor, Burger King has put the scent in a limited edition fragrance.

Burger King announced Friday that the colony flavored burger will be sold only on April 1 and only in Japan.

http://whatisusa.info/burger-king-hamburger-perfume-sold-in-japan/

Mar 26 05:30

Heinz And Kraft Merge And Create The Fifth Largest Group Of Food And Beverages In The World

The company HJ Heinz Co. will buy Kraft Foods Group Inc., creating what companies described as the third food and beverage Company in North America and fifth worldwide.

The deal was managed by the owner of Heinz, Brazilian investment firm 3F Capital, and Berkshire Hathaway, billionaire investor Warren Buffett.

Kraft shareholders will receive shares in the new company and a special cash dividend of about 10,000 million in total, or $ 16.50 per share.

http://whatisusa.info/heinz-and-kraft-merge-and-create-the-fifth-large...

Mar 26 05:22

Destructive centralization and the GE corporatist culture

Entrepreneurs’ versus the corporatists’ mode of business culture are separated by a vastly different view of enterprise

Mar 26 02:29

Events in Greece Could Follow the Cypriot or Argentine Scenario

It is possible to expect that one of two things will happen in the next few days (and in no more than a week): either Athens will have to recall the humanitarian crisis law, or the ‘big troika’ (the EC, the ECB and the IMF) will take punitive action against Greece. The cost of the law (€200 million a year) is not that big, but it is a precedent that could inspire Greece and other debtors to the ‘big troika’ in Europe to carry out new acts of disobedience.

Mar 25 20:26

Financial Feudalism

Whereas before money was borrowed in order to produce growth, now it had to be borrowed, in ever-larger amounts, simply to prevent financial and industrial collapse. Consequently, interest rates on new debt were reduced all the way to zero, in something that came to be known as ZIRP, for Zero Interest Rate Policy. To make it even sweeter, central banks accepted the money they loaned out at 0% interest as deposits, which earned a tiny bit of interest, allowing banks to make a profit by doing absolutely nothing.

Unsurprisingly, doing absolutely nothing proved to be rather ineffective, and around the world economies started to shrink. Many countries resorted to forging their statistics to paint a rosier picture, but one statistic that doesn't lie is energy consumption. It is indicative of the overall level of economic activity, and it is down across the entire world. A glut of oil, and a much lower oil price, is what we are currently witnessing as a result. Another indicator that doesn't lie is the Baltic Dry Index, which tracks the level of shipping activity, and it has plummeted too.

Mar 25 19:22

Madness Coming To Gold Market: "There Are 30 to 50 Owners For Each Ounce of Gold That's Out There"

When the music finally stops there are going to be a lot of people who think they own a certain amount of gold but all they'll really be holding is a worthless paper ticket.

Mar 25 18:27

Market Selloff - Biggest Gainers Decline

Mar 25 17:52

The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis. Has Your Paycheck Doubled Since Then?

Since the depths of the last recession, the price of ground beef in the United States has doubled. Has your paycheck doubled since then? Even though the Federal Reserve insists that we are in a “low inflation” environment, the government’s own numbers show that the price of ground beef has been on an unprecedented run over the past six years.

Mar 25 17:50

Russia's 'junk' bonds paying off handsomely

Investment banks from Goldman Sachs to Bank of America, as well as Russia’s own VTB and Rosbank, are all bullish on Russian bonds. After a disastrous 2014 they may finally be heading for a revival.

Bondholders in Russia are making out like bandits in 2015, with corporate bondholders seeing a 7.3 percent return this year, according to Bloomberg data.

“It’s very simple advice. Bonds are much more attractive than a year ago. Risks related to the ruble have subsided, inflation is likely to moderate, the BoP (Balance of Payments) and budget situation look reasonably strong and that is why the outlook is quite favorable,” Vladimir Kolychev, Chief Economist for Russia at VTB Capital, told RT.

Mar 25 17:49

Russian economy revives despite sanctions - media

The Russian economy has seen a notable rebound with businesses recovering despite a year of contraction caused by Western sanctions. Fluctuations in the domestic currency have narrowed, which brought investors back into the market.

Global investors appear to be optimistic about the future of Russian corporations, as the country’s economic performance provides evidence to recovery, says Bloomberg analyst Matthew Winkler in his article.

Mar 25 17:48

Russian ruble hits all-time 2015 high

The Russian currency is seemingly making a comeback, improving more than 3.6 percent in 2 days to bring the ruble to a 3-month high. The climb is attributed to a slight increase in oil prices as well as the approaching tax season.

At 5:05pm in Moscow, the ruble had gained 1.8 percent against the dollar at 56.78, and 1.35 percent stronger at 62.24 versus the euro. On Tuesday the ruble gained 2 percent against the dollar, closing at 57.70.The last time that the ruble strengthened to 57 against the dollar was December 30 of last year. In 2015, it has gained 5.2 percent against the dollar.

Mar 25 16:21

Dollar drops below 57 to Ruble.

Mar 25 16:06

9 Surprising Industries Profiting Handsomely from America's Insane Prison System

By Alex Henderson / AlterNet

It's no coincidence that the United States now imprisons more of its people than any other country in the world: mass incarceration has become a giant industry in the U.S., resulting in huge profits not only for private prison companies, but also, for everything from food companies and telecoms to all the businesses that are using prison labor to cut their manufacturing costs....

Mar 25 15:35

Canada police attack students at anti-austerity rally

Police have attacked thousands of student demonstrators protesting against education cuts in the Canadian province of Quebec.

Mar 25 15:04

Ted Cruz rails against ‘crony capitalism’ — and praises wife’s Goldman Sachs career

Ted Cruz is sounding off against Wall Street and financial institutions, including Goldman Sachs, where his wife, Heidi, works as a managing director in Houston.

Asked whether Goldman Sachs is a positive or negative force in society, the Texas senator and recently declared Republican presidential candidate told Bloomberg Politics on Tuesday that there’s a little bit of both.

Mar 25 15:03

Kicked to the Curb (Why the USA is the Michael Brown of nations.)

I begin to understand why the death of Ferguson, Mo, teen Michael Brown sent such shock waves through America last year. He truly symbolized our country: an overgrown, oafish, wannabe thug making one bad choice after another until his final, suicidal lurch against authority — followed by all the exculpatory lying on his behalf: the “gentle giant,” hands up, don’t shoot! This is exactly how America acts on the world stage these days. We are the Michael Brown among nations, high on exceptionalism, stoned on entitlement, swaggering moronically from one place to another grabbing what we feel like, smashing things up as we go.

Also, as in the case of the actual Michael Brown, supposedly sentient observers do not have the guts to call bullshit on all the excuses we make for ourselves. Has any self-styled presidential candidate made a peep about America’s idiotic campaign to make Ukraine the 51st state? Has Hillary (“It’s Her Turn”) Clinton asked publically why the US is egging on NATO to stage military exercises on the Russian border? Do we still have a senate Foreign Relations Committee, and does it convene once in a while? Is The New York Times so preoccupied with its “Gay Cities” index it forgot that the world is full of serious conflicts and hazards that extend beyond the choosing of apartment décor?

Mar 25 14:16

The Gig Is Up: Money, the Federal Reserve and You

Populist lawyer, Gary Fielder, presents “The Gig Is Up: Money, the Federal Reserve and You. Live from Wolfe Hall at The University of Colorado School of Law, on December 4, 2008, Mr. Fielder, a criminal and constitutional lawyer from Denver, Colorado, presents a power point and video presentation on the creation of money with an historical analysis of our current banking system. With quotes from Ben Franklin, Thomas Jefferson, Abe Lincoln, Ron Paul, Dennis Kucinich and many others, Fielder makes his case to abolish the Federal Reserve and return to a sound and honest money system. Fractional Reserve Banking. Currency. Amero. World Government. International Banking.

Mar 25 13:58

Must Watch: AMERICANS ARE BROKE & UNPREPARED

Mar 25 13:44

Bizarre Federal Ultimatum Could Land Innocent Woman Behind Bars

Doreen Hendrickson is a mild-mannered and demure mother of two. She seems more like someone you would see at a church picnic rather than in a jail house.

Thanks to the dirty tricks and heavy hands of the authoritarian federal government, she may be incarcerated very soon. Denied her basic rights in the court of law, Doreen Hendrickson was convicted of contempt of court on July 25, 2014.

Her tale is certainly unusual.

Doreen Hendrickson, along with her husband Pete, are libertarian activists who file tax returns in an unconventional way and encourage others to do the same. Because of this, Doreen was charged by the federal government with defying two court orders.

Mar 25 13:19

America Is No Longer A Republic Or A Democracy

Last week was bad for the dollar, but good for US stocks. On Friday, the greenback capped its worst five days of trading in four years. The Dow rose another 168 points – or nearly 1%.

This took place after Madame Yellen, proprietress of the House of the Rising Stock Market, said she would neither be patient nor impatient about raising rates.

Investors drew the obvious conclusion: She has no idea what she is doing. Until she finds a clue, or is startled out of her paralysis by events, it is business as usual.

The piano player will keep his head down. The bartender will keep the liquor flowing. The cardsharps will keep pulling aces out of their sleeves. And the girls upstairs will continue plying their trade.

Mar 25 12:46

Regional Banks Say Regulation Costs Too High

Senator Elizabeth Warren challenges attempt to exempt regional banks with less than $250 billion from Dodd-Frank regulation

Mar 25 12:34

France Enacts Strict Crackdown on Cash Payments Because Charlie Hebdo Attackers Used Cash

Following reports that the terrorists behind the Charlie Hebdo attacks purchased some of their equipment with cash, France has enacted a strict crackdown on the use of cash by citizens and foreign travelers, including bans on cash payments over certain amounts.

Mar 25 12:21

Dow drops 200 points as economy shows cracks

Wall Street is no longer cheering bad economic news.

For weeks the stock market rallied on every economic speed bump. Investors figured the growing pains would force the Federal Reserve to keep interest rates extremely low for longer and longer.

That annoying and somewhat perverse trend ended on Wednesday, at least temporarily. The Dow slid 200 points and the Nasdaq tumbled nearly 1.6% after the latest in a long line of alarming economic reports. The S&P 500 declined almost 1%.

Mar 25 12:03

Chris Christie Privatizes New Jersey's Water

Mar 25 11:26

Stand Up - Claire Rivero's latest song!

Webmaster's Commentary: 

Obamacare is now five years old, millions are still uninsured, and the Obamacare-compliant policies are more expensive and provide less coverage!

Mar 25 11:13

WEALTHY ELITES PAID $40 MILLION FOR EXCLUSIVE RIGHTS TO GROW MARIJUANA IN OHIO

It appears that momentum is building in Ohio to make it the fifth state to legalize marijuana for recreational use. However, the proposed amendment to legalize the plant is shrouded in controversy, as many pro-marijuana advocates are outraged over benefits the investors behind the amendment are set to receive if it passes in this November.

Mar 25 11:12

Comcast pushes back closing for Time Warner Cable merger

Cable giant Comcast Corp. said Wednesday it expects its merger with Time Warner Cable Inc. to close in the middle of the year, a delay from its earlier guidance that it would be completed in early 2015.

Mar 25 11:09

The Budget That Republicans Want To Pass In Congress

Republican Congressman Thomas Price.

By Tom Price, a Republican congressman from Georgia and Chairman of the Budget Committee of the House of Representatives.

At the core of the character of America is a fundamental belief that we as a people, we must always strive to build a better, more innovative, open and free society. When we look at America today, we see a nation that is not up to its economic potential or leadership, and the reason for this has nothing to do with the quality and character of the American people. Instead, Washington has been unable or unwilling to address the major challenges with positive solutions.

http://whatisusa.info/the-budget-that-republicans-want-to-pass-in-cong...

Mar 25 11:04

Conflict in Ukraine wipes out 25% of country's economy

Ukraine’s economy has contracted by a quarter due to the conflict in the south east of the country as hundreds of facilities are closed, said Prime Minister Arseny Yatsenyuk.

“We’ve lost a quarter of the Ukrainian economy. Hundreds of facilities were closed because of war...” Yatsenyuk said on Tuesday in a conference call to regional governors over budget fulfillment.

Mar 25 11:04

Real unemployment is double the ‘official’ unemployment rate

WEBMASTER ADDITION: Much more than "double."

Mar 25 10:59

Did De-Dollarization Just Reach Escape Velocity? China's New Silk Road & Putin's Eurasian Trade Network

Westward Ho On China's Eurasia BRIC Road

“…it is imperative that no Eurasian challenger (to the U.S.)

emerges capable of dominating Eurasia

and thus also of challenging America”

Zbigniew Brzezinski, The Grand Chessboard, 1997

What’s in a name, rather an ideogram? Everything. A single Chinese character – jie (for “between”) – graphically illustrates the key foreign policy initiative of the new Chinese dream.

Mar 25 10:32

Our Nation Depends on Restoring Product Liability

At the height of its power, ancient Rome created many new technologies which allowed it to become the supreme power over their portion of the world. These accomplishments included the invention of concrete, improved metallurgy, medicine, hygiene, plumbing, and sewage. As each of these were developed, Rome came to be dependent on them. As Rome went into decline, their ability to maintain their technologies started to fade. Aqueducts stopped delivery water. Public health failed. Metal rusted. Concrete cracked. Eventually the failure of those systems on which Rome was dependent hastened its eventual fall.

As Mark Twain said, History doesn't repeat, but occasionally it rhymes, and we are seeing in the United States and indeed the entire world many repeats of that same recipe for decline and fall.

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Mar 25 09:46

Alasdair Macleod - Gold Price Could be Driven Higher by Panic Demand

When will the Chinese make their next big move? Financial expert Alasdair Macleod says, “Their style is not to go in and disrupt markets. They act very, very quietly. You would hardly know they are there. This is certainly how they have handled their acquisition of gold. I don’t think they would want to be blamed for destabilizing western capital markets. What could happen is if we set a chain of events going that would lead to our own demise, then the Chinese would protect themselves. There is so little gold left in western vaults now . . . anything that changes the really sunny outlook for bonds equities and all the rest of it . . . and for people to realize that people don’t have any gold, that could drive the price sharply higher because there is not enough gold for us to buy. The stocks are very, very low, and anybody who comes into the market is going to have to bid it up to get it.”

Mar 25 09:31

Iain Duncan Smith refuses to meet with food bank charity about poverty – then meets with investment bankers about it instead

Iain Duncan Smith has refused to meet with Britain’s biggest food bank charity for over a year – but has instead held discussions with an American investment bank about tackling child poverty.

The Trussell Trust confirmed again today that its chairman Chris Mould had still not been granted a meeting with Iain Duncan Smith, despite reports as far back as 2013 that he had requested one.

But this week the Department for Work and Pensions disclosed under government transparency rules that Mr Duncan Smith had held a meeting about child poverty with the US investment bank JP Morgan Chase.

Webmaster's Commentary: 

"So, how do we make money off of poor children? Sex slavery? Organ trade? Fertilizer?"

Mar 25 09:22

Toronto’s Plan to Push Outthe Homeless

The agenda of the developers with regard to the central part of Toronto is to complete the creation of an interwoven hive of business, commerce, upscale recreation and high end housing. Standing in the way of this are enduring pockets of housed poverty and a considerable and growing homeless population. Those without housing, very understandably, have tended to gravitate toward the centre of the city and, over many years, shelters and other services have developed in this area. This situation is resented by those working for upscale redevelopment and not only because visible destitution impacts property values and ‘quality of life’ for those with the money to pay for it. It is also the case that the shelters, drop-ins and service agencies that homeless people turn to are located in areas that the forces of gentrification are laying claim to.

Mar 25 09:20

DENMARK LOST BILLIONS TO GOLDMAN SACHS ON DONG DEAL

Denmark lost out on billions of kroner when it sold partial ownership of Dong Energy to American investment firm Goldman Sachs in January 2013, Politiken reported Wednesday. When the Danish government sold an 18 percent stake of Dong to Goldman Sachs, the Finance Ministry calculated the company’s value at 31.5 billion kroner ($4.6 billion).

Mar 25 09:18

Citizens tired of being enslaved by criminal central banks labeled 'anti-capitalist' by mainstream media

The so-called European Central Bank (ECB) recently held its official grand opening at the massive twin towers it now occupies at Willy-Brandt-Platz 2 in Frankfurt while tens of thousands of protesters gathered outside to stand in solidarity against this satanically inspired globalist takeover of Europe's money supply and economy. According to reports, 14 police and 21 protesters were wounded at the rally, as angry freedom-fighters from across Europe gathered as one to reject this fascist coup d'etat.

Mar 25 09:17

Irish Water may deduct unpaid bills from wages and welfare

Irish Water will be able to deduct water bills directly from wages and welfare payments under strengthened compliance measures being considered by the Government.

The introduction of attachment orders in order to increase compliance with water charges marks a step change in the Coalition’s approach to those who do not pay their water bills.

Mar 25 09:15

To people who still think Obama is the answer

Suppose he never intended to bring about a jobs recovery?

Suppose he’s been actively against it for at least six years?

Mar 25 09:14

Austerity hits poor, migrant children hardest – parliamentary report

Children from poor families have been disproportionately harmed by Britain’s austerity policies, a parliamentary report has found. Youngsters' reduced access to legal aid will serve to blacken the government’s human rights legacy, it added.

In a report published on Monday, Britain’s Joint Committee on Human Rights (JCHR), examined the government’s compliance with the UN Convention on the Rights of the Child.

Mar 25 09:12

‘We’re going to succeed in implementing our economic policies’ – Greek minister

What Greece is trying to achieve negotiating with the EU is to have time and political space in order to implement a social program of reform, Greek Minister or Administrative Reform George Katrougalos told RT.

The Greek Prime Minister lexis Tsipras met with German Chancellor Angela Merkel on March, 23 in Berlin to discuss the progress Greece is making to pay back the bailout money it owes.

Mar 25 09:09

Deutsche Bank next up on Libor chopping block - reports

Germany’s largest bank, Deutsche Bank, is reportedly under investigation by New York State over its involvement in manipulating the Libor interest rate, in addition to a separate US Justice Department case.

Mar 25 08:36

Guns, Gold & A Getaway Plan

Mar 25 08:35

Europe's Real Anti-EU Revolution May Be an Individual One

Europe once more sleep-walks towards the abyss ... Both Berlin and Athens have wildly underestimated the financial, economic and geo-political consequences of default ... Not for the first time, Europeans are deluding themselves.

Mar 25 08:11

Colombia invites Russian companies to energy, infrastructure cooperation

Colombia seeks to develop energy cooperation with Russia, Foreign Minister Maria Angela Holguin said after talks with her Russian counterpart Sergey Lavrov on Tuesday.

"Colombia opens a lot of prospects for Russian companies," she said, inviting them to cooperate in the energy sector as well as on infrastructure.

Mar 25 07:31

Cameron Invokes Thatcher with Cheap Propaganda Stunt

Western power trying its best to destabilize foreign countries on the cheap...

With only weeks to go to the British national election and the re-election of a Conservative-led government in doubt after five years of brutal economic austerity, Cameron made the bizarre announcement last week that Britain is going to fund «free market reforms» and «good governance» in eastern European countries. The move invited comparisons with Cold War era British premier Margaret Thatche++r who at the end of the 1980s launched a similar programme to assist former Soviet Bloc countries adopt «free market reforms».

Mar 25 07:28

Water Wars Loom Over California As Farmers Lose Thousands of Jobs: “Wrestling Match Over Who Gets the Water”

Mac Slavo
SHTFplan.com

Some pretty serious water wars have been waged in California for over a century, but the battle is no longer between just big cities like L.A. and the growers who provide the nation’s food. The new wars are being orchestrated and promulgated by the corporate masters of Wall Street and Big Agra.

Attorney Ellen Brown, author of Web of Debt and advocate of banking reform, put together a lengthy article full of some pretty disturbing facts that prove water will become a disruptive commodity bigger enough to strip wealth, assets and rights in California and beyond. It seems that everyone will be fighting for the last drop:

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped.

Mar 25 07:26

What’s Wrong With Silver?

Silver prices are largely set on the COMEX futures – paper silver. A company can post the margin and sell short thousands of contracts with no actual metal available thereby creating artificial supply. The reverse occurs when some company buys thousands of contracts. It is a paper game, but unfortunately it has tremendous influence on the price of real silver.

Mar 25 07:25

Dem senators warn Obamacare rule 'particularly harmful and disruptive'

Six Democratic senators and one independent have asked the Department of Health and Human Services to a delay a new rule that would likely force small businesses to pay more for employee health insurance under the Affordable Care Act, aka Obamacare. The senators warn that if the administration goes ahead with the change it would be "particularly harmful and disruptive" to small businesses.

Starting in 2016, the Obamacare change will require businesses that employ between 51-100 people to purchase insurance in what the government defines as the "small group market," rather than the market for large group plans. The senators warn that the change will inflate health care costs for those businesses.

Mar 25 07:20

Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, Creating 5th Largest Food Company In The World

Another day, another mega-M&A deal taking advantage of abnormally low bond rates, this time however not involving biotechs or a specialty pharma seeking to purchase a debt-free balance sheet, but one involving the Oracle of Omaha himself, and his Heinz investment, which will merge with Kraft Foods whose market cap was over $40 billion this morning on the news of the merger, and create the third largest food and beverage company in the US, and 5th largest in the world.

And while the resulting company will certainly be an unprecedented food giant, one which leaves the US food industry even more concentrated, here is the rationale behind the deal and the punchline for American workers: "significant synergy opportunities." Translation: thousands of layoffs imminent.

Mar 25 06:28

David Stockman warns: The end is near

There is a sea change in the monetary world occurring at this very moment

Mar 24 16:06

Outsourcing to Robots Continues: FLOBOT ''Revolutionizes Cleaning for Big Businesses''

by Jason Erickson

Previous speculations that robots would increasingly displace the human workforce are coming rapidly into better focus. Predictions such as those made by Professor of Computer Science, Moshe Vardi, when he stated that all human work will be fully outsourced to robots and robotic machine intelligence by 2045 now look quite optimistic for humans based on current trends...

Mar 24 14:32

You’re Being Lied To – GMO Labelling Will NOT Make Food More Expensive

Here’s the truth: changing labels has no impact on the price of food. Food companies change their labels all the time to highlight innovations or make new claims. Remember when General Mills changed the Cheerios box to share the good news that its iconic cereal was GMO-free? Did the price change? No.

Mar 24 14:02

California Water Wars: Another Form of Asset Stripping?

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped.

Wars over California’s limited water supply have been going on for at least a century. Water wars have been the subject of some vintage movies, including the 1958 hit The Big Country starring Gregory Peck, Clint Eastwood’s 1985 Pale Rider, 1995’s Waterworld with Kevin Costner, and the 2005 film Batman Begins. Most acclaimed was the 1975 Academy Award winner Chinatown with Jack Nicholson and Faye Dunaway, involving a plot between a corrupt Los Angeles politician and land speculators to fabricate the 1937 drought in order to force farmers to sell their land at low prices. The plot was rooted in historical fact, reflecting battles between Owens Valley farmers and Los Angeles urbanites over water rights.

Mar 24 13:03

Wall Street Losing Millions From Bad Energy Loans

Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour.

The Wall Street Journal reported that tens of millions of dollars have gone up in smoke on loans made to the energy industry by Citigroup, Goldman Sachs, and UBS. Loans issued to oil and gas companies have looked increasingly unappetizing, making it difficult for the banks to sell them on the market.

Mar 24 12:49

What if Obamacare never happened?

What would life be like without the Affordable Care Act, or ACA? It's not a completely abstract question, given that the law's fate is now in the hands of the U.S. Supreme Court for a second time.

Mar 24 12:04

OFR: Assessing The Risk Of Overvalued Markets

Mar 24 11:57

Media: Latvia will lose loads of oil due to sanctions against Russia

RIA Novosti. The report on the impact of Latvia Minsoobshchenija sanctions on transit industry says that in case of deterioration of relations with Russia, the country will lose loads of coal and oil coming through the ports and by rail. It is reported Delfi.

Mar 24 11:57

Russia cancels food embargo for the three EU countries

Federal Service for Veterinary and Phytosanitary Surveillance of the Russian Federation (Rosselkhoznadzor) will verify the livestock enterprises in Greece, Cyprus and Hungary on 6 April, the press service of the department.

Mar 24 11:31

Oil Prices to Plummet to $35 by June

Mar 24 10:07

So-called "balanced budget" shows the GOP has money to kill

Shock and awe describes the budgets issued last week by Republicans in the House and Senate. The shock is that the GOP never stops trying to destroy beloved programs like Medicare. Awe-inspiring is their audacity in describing their killing plans as moral.

Mar 24 09:15

Important Gold Chart Everyone Must See

Mar 24 09:08

The Grim Future of the American Worker

Mar 24 09:05

FEMA TO DENY FUNDS TO WARMING DENIERS

The Federal Emergency Management Agency is making it tougher for governors to deny man-made climate change. Starting next year, the agency will approve disaster-preparedness funds only for states whose governors approve hazard-mitigation plans that address climate change. This may put several Republican governors who maintain that the Earth isn't warming due to human activities, or prefer to take no action, in a political bind. Their position may block their states' access to hundreds of millions of dollars in FEMA funds. In the last five years, the agency has awarded an average $1 billion a year in grants to states and territories for taking steps to mitigate the effects of disasters

Mar 24 07:41

Quarter of Alexandria bakeries halt work over pay delay

A quarter of bakeries in Egypt's second-largest city of Alexandria have been forced to stop operations after the state failed to pay them their dues for subsidised bread, and are threatening a wider strike if the problem is not solved within days, an official told Al-Ahram Arabic news website.

Mar 24 07:29

George Soros Warns Greece "Is Going Down The Drain"

In a recent Bloomberg report Soros says: “You can keep on pushing it back indefinitely,” making interest payments without writing down debt, Soros said. “But in the meantime there will be no primary surplus because Greece is going down the drain.”

Soros said in January 2012 that the odds are in the direction of Greece leaving the euro region.

“Right now we are at the cusp and I can see both possibilities,” he said in Tuesday’s interview.

Mar 24 07:17

Smart Meter Information Consumers Should Know

Catherine J. Frompovich
Activist Post

Over the course of a year that my electric power company in suburban Philadelphia, Pennsylvania, has been installing AMI Smart Meters on homes in my area, I have been able to keep one off my house by placing a “No Permission Granted to Install Smart Meter” sign on the meter along with a padlock on the meter latch. Early in February of 2015, I received what I perceived as a threatening letter to my health, safety, and well-being, that if I don’t give PECO permission to install a Smart Meter, my electric power will be turned off, and not because I’ve not paid my bill! No utility bill wherever my late husband or I have lived ever was missed or even made as a late payment! So, I’ve decided to tell my story of what’s been going on in the USA about Smart Meters...

Mar 24 06:32

Former OMB Director David Stockman Warns: THE END IS NEAR

David Stockman, who once worked as Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan, and whose work at Contra Corner we often post at SGT Report, made an appearance on Neil Cavuto’s Fox Business Channel show recently where he took the hardcore economic facts to the American people, warning that time for the US Dollar and the debt-riddled US economy is running very, very short.

Mar 24 06:29

Fruits of Victory: EU Parliament Approves Another 1.8 Billion Euro Loan to Ukraine

EU has managed to win Ukraine for its sphere of influence. Maybe it will soon wish it had not?

Mar 24 04:59

Banks Rating: A Choppy Year Ahead...

Mar 23 20:09

Think New York City's stop-and-frisk practices were bad? Check out Chicago's police stops.

only recorded stops that didn't lead to arrests or tickets.

Mar 23 16:38

Hyperinflation is a Process

Hyperinflation is a process; a positive feedback loop that once entered is very hard to get out of. This process can go on for years. In the feedback loop the more the central bank prints money and buys bonds, the less other people want to hold bonds.

Enter widespread loss of confidence.

At the same time, the less other people hold bonds, the more the central bank has to buy them so that the government has enough money to spend. This feedback loop can also be called a death spiral, chain reaction, tipping point; like an avalanche, slippery slope, or a debt bomb. Once the conditions are right, it can just go off.

Mar 23 15:03

Cypriots Stone Bank of Cyprus On "Depositor Haircut" Anniversary

Mar 23 15:02

Fighting The "War on Terror" By Banning Cash

It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.

Taking advantage of public anxiety in the wake of the attacks on Charlie Hebdo and a Jewish supermarket, France has taken the first step. It seems the terrorists involved partially financed these attacks by cash, as well as by consumer loans and the sale of counterfeit goods. What a shockeroo!

The terrorists used CASH to purchase some of the stuff they needed--no doubt these murderers were also shod and clothed and used cell phones, cars, and public sidewalks during the planning and execution of their mayhem. Why not restrict their use? A naked , barefoot terrorist without communications is surely less effective than a fully clothed and equipped one.

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