Sep 24 08:21

Volkswagen Scandal 2015: VW Not The First Automaker To Adopt 'Defeat Devices' And Override Emissions Controls

The scandal unfolding at Volkswagen Group around its pollution control systems may be the largest case of its kind in the U.S., but it’s far from the first. Environmental regulators in recent decades have launched more than a dozen cases against automakers, accusing them of tweaking or outfitting diesel engines to outsmart pollution tests meant to improve air quality. The result is thousands of recalled or upgraded vehicles -- and millions of tons of toxic air particles spewing into the air.

Sep 24 07:41

Israel Imposes Lockdown on Palestine

snip: Settlements are for exclusive Jewish use - no goyim allowed, especially Muslims. Zionism is apartheid on steroids - far exceeding South Africa’s harshness. It's a sophisticated form social, economic, political and racial discrimination - combining suffocating strangulation with slow-motion genocide, incorporating colonialism’s worst policies. They include murder, extermination, enslavement, torture, arbitrary arrests, illegal imprisonments, denial of the right to life and liberty, cruel, inhuman and degrading treatment, and other abusive acts imposed by Jews on Arabs.

Sep 24 06:45

Does Friday Hold The Key To The Stock Market?

Sep 24 06:45

So what's happening with BMW

Sep 24 06:37

Well That Was Disappointing

Sep 23 16:15

shouldn’t we see more people on the road commuting to their jobs?

Employment & U.S. consumption increases... but gas prices decline?

Sep 23 16:04

Fed To Main Street: Screw You

Sep 23 15:57

Another Government Shutdown Looming: Food Stamps could be Cutoff for 46 Million

There is a growing possibility that the government could yet again shut down, as congress again struggles to pass a simple budget. Come October 1st 2015, we could see a repeat of the 2013 government shutdown, the shutdown where President Obama punished the American people and closed the entire National Parks system and then threatened to arrest anyone who entered the parks.

Sep 23 15:31

European Equities Are On The Ropes

Sep 23 15:21

Have central banks made the rich richer?

Sep 23 15:15

Report: 1 In 4 US Homes Worth Less Than A Year Ago

Homes across the U.S. are losing value, with one in four worth less than they did a year ago, according to a new report.

Sep 23 14:57

The number of people watching TV is falling off a cliff

But aside from the performance of individual shows, the number of people using TV in the coveted 18-to-49 demographic was down 8% against the same time last year, and for the first two nights this week usage is off 10%.

Ad Age also noted that among millennial consumers (18-to-24-year-olds), viewing is down 20% against last year, with 24% fewer men in this age group watching TV. The number of 18-to-34-year-old men watching TV is down 18% compared to the same period last year.

Over the summer, there was a broad concern regarding cable companies and a loss of subscribers to services like Netflix and Hulu.

And a report from Wall Street analysts over the summer said TV networks were stuffing their airwaves with commercials in an attempt to prop up revenue.

Sep 23 14:56

Who Wants a Third World War?

Wishful thinking about China crashing is nonsense. Those days of the Cultural Revolution are long gone. China is slowly but surely shifting towards a spectacular new paradigm of integrating the whole of Eurasia into a booming industrial renaissance. Every change in China points towards this transition.

The transition also means a shift away from the massive export linkage to the US and EU and a more balanced economy across Eurasia, while keeping trade/commerce as much as possible with the West.

Does this feel like a state/civilization that craves a Third World War?

Sep 23 14:45

The Worst Part Is Central Bankers Know Exactly What They Are Doing

Heading into the end of 2015, we are only going to be faced with ever mounting mixed messages and confusion from the mainstream media, international banks and central banks. It is important to always remember, though, that this is by design. A common motto of the elite is “order out of chaos,” or “never let a good crisis go to waste.”

Sep 23 14:29

Retail Sales Worst Since 2009 For This Time Of Year

The last time September Retail Sales growth was this weak was 2009, limping aimlessly out of the ‘Great Recession’. With a mere 0.9% year-over-year growth, Johnson-Redbook data seems to confirm what Reuters reports is looming – the weakest U.S. holiday sales season for retailers since the recession.

Sep 23 14:15

Technically Speaking: Fed Kills The Rally

Sep 23 14:00

BRICS and the Fiction of "De-Dollarization"

The financial media as well as segments of the alternative media are pointing to a possible weakening of the US dollar as a global trading currency resulting from the BRICS (Brazil, Russia, India, China, South Africa) initiative.

One of the central arguments in this debate on competing World currencies hinges on the BRICS initiative to create a development bank which, according to analysts, challenges the hegemony of Wall Street and the Washington based Bretton Woods institutions.

Sep 23 13:07

Stock markets on cusp of ‘another crash’ warn financial analysts

Financial analysts have warned of another ‘crash’ in global markets after the FTSE 100 fell 120 points in just two hours of trading on Tuesday, its biggest slump since Chinese stock markets plummeted on ‘Black Monday’ last month.

Sep 23 12:39

China Sells U.S. Debt for Needed Cash

China is the largest holder of U.S. debt and some are concerned that China recently stated selling this debt.

Sep 23 12:39

Fast Food Workers to Get $15/Hour

The state of New York will gradually raise the minimum wage over the next few years until fast food workers are receiving $15/hour.

Sep 23 12:38

Hybrid Vehicle Sales Plummet

With the lower gas prices, hybrids have become less attractive to buyers.

Sep 23 12:38

Less Renters Are Opting to Become Homeowners

Although rental rates continue to rise rapidly, fewer renters are opting to become homeowners.

Sep 23 12:37

Disney Buys Own Stock During Market Plunge

When the market dropped out last month, Disney took advantage of dirt cheap prices, buying over $2.4 billion of it’s own stock.

Sep 23 12:36

Trump Takes Control of Miss Universe Pageant

After some disparaging remarks toward Mexican immigrants earlier this year that caused an uproar in the Miss Universe Pageant, Donald Trump has bought out NBCUniveral’s portion of the pageant ownership.

Sep 23 12:36

No School in Seattle Thanks to Teachers’ Strike

The Seattle school teachers’ strike has reached day 4 and students still haven’t returned from summer break.

Sep 23 12:29

There Are Indications That A Major Financial Event In Germany Could Be Imminent

Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do believe that we have entered a season of time when another “Lehman Brothers moment” may occur. Most observers tend to regard Germany as the strong hub that is holding the rest of Europe together economically, but the truth is that serious trouble is brewing under the surface. As I write this, the German DAX stock index is down close to 20 percent from the all-time high that was set back in April, and there are lots of signs of turmoil at Germany’s largest bank. There are very few banks in the world that are more prestigious or more influential than Deutsche Bank, and it has been making headlines for all of the wrong reasons recently.

Sep 23 12:15

Global Divestment Movement ‘Catches Fire’ with $2.6 Trillion in Assets Shifted

Demand for fossil-free investment products is increasing numbers of individual and institutional investors move their money away from the dirty energy system driving the climate crisis

Sep 23 11:55

Anonymous Launches ‘Black October’ Campaign Against US Banking System

Right on the heels of the Occupy Wall Street movement’s four year anniversary, activist group Anonymous has launched a new campaign which they say outlines an “easy” way for the 99% to demonstrate their strength and overcome the richest 1%.

Sep 23 11:47

Los Angeles declares ‘state of emergency’ over homelessness crisis

Officials in Los Angeles, California, have declared a “state of emergency” over the rising problem of homelessness and poverty in the second largest city in the United States.

Sep 23 11:20

Disaster Capitalism: Outsourcing Violence and Exploitation

In essence, predatory corporations (which usually keep a low profile) are financed by government money (that is, your taxes), supported by tax concessions and insulated from genuine accountability, political criticism and media scrutiny while being given enormous power to provide the infrastructure and labor to conduct a function, domestically or internationally, which has previously been performed by a government or international organization. If this happens at the expense of a nation truly exercising its independence, then too bad.

Sep 23 11:19

The New Shackle of Serfdom: Clinging to Healthcare Insurance

One of the more remarkable characteristics of American life is our passive acceptance of systems that are so obviously completely insane. Yes, I refer to our healthcare system, a.k.a. sickcare because in America sickness is profitable and health is not, and healthcare profiteering that would be the envy of pirates and warlords everywhere is the norm.

Sep 23 10:03

What is going on with the NIKKEI?????

Webmaster's Commentary: 

There have been no updates to the Nikkei on our stock ticker devices since last FRIDAY! According to this report, the Nikkei is falling. Yesterday's close was 17527.5 . One possible reason for not reporting a drop of almost 1000 since Friday is so that European and American investors stay in their respective markets.

Sep 23 09:54

Keiser Report: British vs American Sex & Economic Scandals

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the role of #PigGate on national and economic security.

Sep 23 09:25

The Clock Is Ticking On The U.S. Dollar As World's Reserve Currency

The ultimate irony for this generation of investors is that, despite the occasional obligatory chant about ‘free markets’ and the wonders of capitalism, most of the day is spent obsessing about what the world’s most important central planner will do next. By Supreme Central Planner, I mean, the Fed.

Sep 23 09:23

In New York City, Workers With Full Time Jobs Are Living In Homeless Shelters

One of the main data points that pundits and politicians who claim there is an “economy recovery” point to is jobs created. Please tell me, what good is a job if it can’t earn you a roof over your head?

Sep 23 09:16

Who Wants a Third World War?

What Washington really craves is some form of coercion that would lead Beijing to open its coveted financial market to the mega-speculative financial casino of the US Big Bank system. That is not happening - as the White House has absolutely no leverage on the matter.

Sep 23 08:51

Has Volkswagen Smashed Its Brand Promise Beyond Repair?

To car buyers looking for the sweet spot between performance and clean energy, Volkswagen's diesel line almost seemed too good to be true.

And sadly, it was.

Webmaster's Commentary: 


Sep 23 08:36

Drug CEO Will Lower Price of Daraprim After Hike Sparked Outrage

The pharmaceutical company boss under fire for increasing the price of the drug Daraprim by more than 5,000 percent said Tuesday he will lower the cost of the life-saving medication.

Martin Shkreli did not say what the new price would be, but expected a determination to be made over the next few weeks.

He told NBC News that the decision to lower the price was a reaction to outrage over the increase in the price of the drug from $13.50 to $750 per pill.

Sep 23 08:25

Volkswagen chief executive Martin Winterkorn resigns

The CEO of Volkswagen AG Martin WInterkorn has resigned over the emissions scandal.

“I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group,” WInterkorn said in a statement.

Sep 23 08:10

Time for the Nuclear Option: Raining Money on Main Street

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest Investment Bank Just Said ‘Helicopter Money’ is 12-18 Months Away.”

Money reformers will say it’s about time. Virtually all money today is created as bank debt, but people can no longer take on more debt. The money supply has shrunk along with people’s ability to borrow new money into existence. Quantitative easing (QE) attempts to re-inflate the money supply by giving money to banks to create more debt, but that policy has failed. It’s time to try dropping some debt-free money on Main Street.

Webmaster's Commentary: 

Zero out all debt. That will restart the system.

Sep 23 08:05

How to Break Up Your Bad Marriage with the Federal Reserve Before It’s Too Late

After the president of the United States, the most powerful person on the planet is the chairman of the Federal Reserve.

Ask almost anyone on the street for the name of the U.S. president, and you’ll get a quick answer.

But if you ask the same person what the Federal Reserve is, you’ll likely get a blank stare.

They don’t know - partly due to the institution’s deliberately obscure name - that the Fed is really the third iteration of the country’s central bank. Or that the Fed manipulates the nation’s economic destiny by controlling the money supply.

And that’s just how the Fed likes it. They’d prefer Boobus americanus not understand the king-like power they wield.

Sep 23 08:03

War on Cash, Bank of England Planning Hyper QE, Scrapping Cash for Digital Currency

The Bank of England announces its latest cunning plan in its ongoing 'War on Cash' under the cover of Europe's refugee crisis that is witnessing Eastern European hypocrisy, such as that of Hungary forgetting its own past of sending hundreds of thousands of refugees westwards for over 60 years, and the most recent wave of 1 million or so of economic migrants many of whom receive in work benefits such as tax credits, nevertheless balk at the thought of giving refuge to a single refugee and instead have mobilised their crack troops against defenseless men, women and children.

Sep 23 07:34

Bubble Bubble Where is the Bubble

Sep 23 06:28

The Worst Part Is Central Bankers Know Exactly What They Are Doing

By Brandon Smith

The best position for a tyrant or tyrants to be in, at least while consolidating power, is tyranny by proxy. That is to say, the most dangerous tyrants are those the people do not recognize: the tyrants who hide behind scarecrows and puppets and faceless organizations. The worst position for the common citizen to be in is a false sense of security and understanding, operating on the assumption that tyrants do not exist or that potential tyrants are really just greedy fools acting independently from one another.

Sadly, there are a great many people today who hold naïve notions that our sociopolitical dynamic is driven by random chaos, greed and fear. I’m sorry to say that this is simply not so, and anyone who believes such nonsense is doomed to be victimized by the tides of history over and over again...

Sep 22 15:18

Analysts warn of "another crash" as FTSE hits lowest level since Black Monday

Almost £44bn was wiped off Britain’s leading companies in a torrid trading session which saw the mining heavy FTSE sink to its lowest level since "Black Monday", as analysts warned another “crash” in global markets is possible.

In its biggest fall since September 1, the blue chip index slumped 172.87 points, or 2.83pc, to 5,935.84, just 37 points shy of where it closed on August 24, as the rout in commodity prices continued to drag mining stocks lower.

Despite racing to an all time record high of 7,104 in April, the FTSE 100 has steadily lost ground, and is now down 16.4pc, rocked by concerns over an economic slowdown in China.

Joshua Mahony, of IG, warned: “There is a distinct possibility of yet another crash in financial markets.”

Sep 22 15:11

Osborne’s austerity agenda fails to reduce deficit, ONS figures show

UK government borrowing increased in August, despite Chancellor George Osborne’s repeated promises that austerity is the most viable means of reducing the state’s deficit.

In the face of scathing criticism, Osborne has consistently claimed the government’s austerity policies are necessary to keep the deficit in order. However, doubt over the credibility of his claims surfaced on Tuesday, after new figures showed a clear rise in public borrowing for August 2015.

Sep 22 15:10

Here's A Chart For Social Security Cash Flow

Sep 22 14:34

Paul Craig Roberts Weak US Economy

Sep 22 14:32

Soaring Rents; No Stop to the Climb

Sep 22 14:32

Syriza’s Tsipras and Independent Greeks finalise new austerity coalition

Following Syriza’s victory in the Greek elections Sunday, party leader Alexis Tsipras was sworn in as prime minister Monday evening.

The final tally showed Syriza winning 35.47 percent of the vote and 145 seats, with the conservative New Democracy in second place with 28.09 percent and 75 seats. Syriza will have four fewer seats in the new parliament, while New Democracy has lost one.

Sep 22 14:27

Today's Groupon offer to its sacked employees: 100% off your salary

Online deals website Groupon will lay off 1,100 employees and shut down part of its international operations. The biz employs more than 10,000 people worldwide.

In a filing with US financial watchdog the SEC, Groupon said it will cut the positions over the next year with the redundancy round wrapping up by the end of September 2016.

A follow-up blog post by Groupon explained that the layoffs were largely going to be made internationally in its customer service and Deal Factory operations.

Additionally, Groupon is planning to close offices in Morocco, Panama, The Philippines, Puerto Rico, Taiwan, Thailand, and Uruguay.

Sep 22 13:44

Wall Street investors buying up farmland

Sep 22 13:30

Layoffs Are Coming to ESPN

Sep 22 12:42

Failure to develop green economy could cost UK firms billions – CBI

Britain’s most senior business voice has condemned the government’s lackluster attempt to build a green economy, warning UK firms are set to lose hundreds of billions of pounds if ministers don’t radically reassess their agenda.

Sep 22 10:25

Deflation: It's Been A Stealth Move

Sep 22 09:47

Kurt Cobb: Money Cannot Manufacture Resources

Sep 22 09:44

Oil price rebounds as Opec forces US drillers to cut back

Only 644 oil rigs are actively operating onshore in the US, down 57pc from the end of December as drillers cut back in response to oil prices sinking below $50 per barrel.

Analysts are now concerned that the pace of rig shutdowns in the US could accelerate after operators resisted the need to cut back in the hope that prices would return to higher levels.

Sep 22 09:42

FTSE 100 hits its lowest level since 'Black Monday'

Britain’s benchmark index has hit its lowest level since “Black Monday” on August 24 in intraday trade.

More than £36bn has been wiped off the value of Britain’s leading companies, as the FTSE 100 faltered, plunging 2.3pc to 5,966.20 after midday.

The latest sell off means the blue chip index has now fallen by 16pc since hitting a high of 7,104 in April.

Sep 22 09:23

UK government faces wildest shortfall in funding since 2012

The Conservative government of UK has experienced its wildest shortfall in funding since 2012.

Sep 22 09:12

UK budget deficit widens unexpectedly, factory orders fall

Britain's public finances deteriorated unexpectedly last month, recording their worst August in three years, and a decline in industrial orders signalled that a global slowdown is hitting the country's economy.

Sep 22 07:21

Fed Cred Dead

T he economy is a two-headed monster. One head is the trade in real goods and real services. The other head is the financialized traffic in swindles and frauds that surrounds banking. There is some deception and overlap about which is which. For instance so-called health care might be perceived as a real service. In fact, it’s a hostage racket, designed to victimize “patients” at their weakest, with a “protection” premium that easily runs to $12,000-a-year for a married couple, even when they aren’t sick, and vulnerable. Just see what happens if you go to an emergency room with an injury that requires six stitches. Next stop: re-po land.

Sep 22 07:18

And it's gone

Sep 22 07:17

Merchant Banker - Monty Python's The Flying Circus

Sep 22 07:03

Refugees, Bogus Financial System, Nuclear War - Sheikh Imran Hosein

Now the Refugees Are just A Trickle - the flood has still to come - All due To An Unjust System

Sep 22 06:52

The truth about Carly Fiorina’s CEO experience: “She likes to brag but in fact left a trail of disaster”

During the second GOP debate, Donald Trump called Carly Fiorina the worst CEO of all time, citing Jeffrey Sonnenfeld whom Trump called the “top man” at Yale. Sonnefeld — who is actually a Senior Associate Dean of Leadership Studies, and Lester Crown Professor at Yale School of Management — agreed that Fiorina’s record proves she should never run another company.

The decision to hire Fiorina as CEO was a misinformed one, made by what Sonnenfeld calls a “dysfunctional” HP board committee and under Fiorina’s leadership the company’s value decreased by 55 percent, he said.

“If HP was worth a dollar, it was worth 50 cents after she left,” Sonnenfeld said. “In actual nominal dollars it could be around 60 billion dollars that she destroyed in value in her five years.

Sep 22 06:51

"She likes to brag but in fact left a trail of disaster": financial expert on Fiorina's time at HP

Sep 22 06:50

Gold: The End and The Beginning