ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 02 09:42

LA man builds a mini house for homeless woman who sleeps on his block because 'everyone should have a right to shelter'

Elvis Summers became accustomed to letting the homeless woman on his block, 'Smokie,' go through his recycling.

She would stop by his Los Angeles apartment often and the two would talk.

Summers - who runs a company that supplies dancers for parties - said he wished he could further help out Smokie, a mother who is 60-years-old and sleeps in a patch of dirt.

That's when he heard of a a man in Oakland who had built miniature houses out of discarded materials - Summers and decided he could do the same for Smokie.

May 02 09:20

How Air Canada broke the law, laid off thousands of workers, and outsourced operations to Israeli military drone maker

Air Canada had a very simple plan to increase its profits.

Step 1: Spin the airline’s heavy maintenance unit off as a separate entity
Step 2: Starve the spin-off of work and bankrupt it gradually
Step 3: Outsource the operations to an Israeli military drone manufacturing company wholly owned by the government of Israel.

May 02 08:24

Banks head for emerging-market exit:

May 02 08:11

Populism2015: Construction Crew for Democracy

American government increasingly bent to the whims and desires of the wealthy is emerging as a populist issue among pro-democracy citizens who favor the old idea of government for the people,

May 02 08:10

Assange: More leaks to come

WikiLeaks is planning new releases of secret documents on controversial negotiations and intelligence agency operations, according to the anti-secrecy organisation's Australian founder, Julian Assange.

In an interview with Fairfax Media, Mr Assange said that while he does not expect to leave Ecuador's London embassy any time soon, WikiLeaks very much remains in the business of publishing the secrets of diplomats and spies.

"There'll be more publications – about large international so-called free trade deals, and about an intelligence agency," Mr Assange said.

May 02 08:05

Bahrain seizes Iranian bank, insurer

The Central Bank of Bahrain (CBB) says it has placed two Iranian financial institutions into administration.

Bahrain’s media say this came into effect as of April 30, 2015. However, no explanation has been provided for the decision.

May 02 08:05

Algorithmic guilt: using secret algorithms to kick people off welfare

A wrenching and beautifully argued essay by Virginia Eubanks describes the inevitable consequences of letting secret, unaccountable algorithms decide who is eligible for welfare. The essay is part of New America's What Drives Innovation Around the Country conference, and it describes the drive to outsource management of critical state services to private firms that control costs by using proprietary, secret algorithms to ascribe suspicion and guilt to members of the public.

May 02 08:03

We Just Broke 2008's Record For The Fastest Economic Unraveling!

The final Q1 GDP revision was just released and we saw that GDP has again missed expectations by such a large margin that 2015 is another write off for a 3% growth year. Almost comically we heard the same excuses we got last year. “Weather was wintery and next year is going to be the turnaround year”. So in order to explain to these supposed economic and market ‘experts’ who seem wholly incapable of understanding economic and market forces with any sense of accuracy, let’s run through a few fundamentals.

May 02 08:00

Masked rioters turn Milan into battleground

Police fired tear gas at demonstrators on Friday as protests overshadowed the start of the Milan Expo, a global fair the government had been hoped would help to put a new face on Italy after years of economic decline.

Thick clouds of smoke from burning cars filled parts of central Milan, where groups of protesters, their faces masked against the fumes, threw stones and faced off against lines of police in riot gear.

May 02 07:57

NSA Used German Intelligence to Spy on Offices of French President and other EU Allies

Intelligence spying involving the United States and Germany is once again in the news, only this time the rift isn’t between the two allies. Unlike the 2013 revelation that the National Security Agency had spied on German Chancellor Angela Merkel, the latest snooping hoopla has the NSA using Germany’s electronic listening technology to spy on other European allies, including the leader of France. The American-German cooperation went on for at least a decade, according to a parliamentary investigation in Berlin

May 02 07:50

Middle Class U.S. Consumers Are Tapped Out, Major U.S. Retailers Are Closing More Than 6,000 Stores

If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating.

May 02 07:47

White House: US Is Considering The Possibility Of Increasing The Pressure On The Russian Federation

US continues to cooperate with European partners in order to exert economic pressure on Moscow in connection with the situation around Ukraine, said White House spokesman Josh Ernest.

United States is considering the possibility of increasing the pressure on Russia over the situation around Ukraine, he said on Friday White House spokesman Josh Ernest.

http://whatisusa.info/white-house-us-is-considering-the-possibility-of...

May 01 20:41

White House: US Is Considering The Possibility Of Increasing The Pressure On The Russian Federation

US continues to cooperate with European partners in order to exert economic pressure on Moscow in connection with the situation around Ukraine, said White House spokesman Josh Ernest.

http://whatisusa.info/white-house-us-is-considering-the-possibility-of...

May 01 18:29

Childhood Homelessness, A Hidden American Problem

Homelessness is a national problem in the United States, and one whose victims are often hidden. They aren’t just the haggard Vietnam vet or the disabled man on the corner asking for assistance; they’re the children and families who couch surf, bounce between friends’ homes, live in cars, subsist in tent cities or stay in hotels.

May 01 17:56

The Peer-to-Peer Economy Goes Mainstream

May 01 17:28

5 Things To Ponder: GDP - Love It Or List It

May 01 16:41

Spain Grows Faster Than the US

May 01 15:13

Is Merkel a CIA Asset ?

Is Merkel an asset for American intelligence, serving the geopolitical interests of Washington rather than the good of her own nation, or the wider good of Europe?

The claims that Merkel’s government knew about German state intelligence spying on behalf of the Americans against the country’s own industrial interests raise disturbing questions about the integrity of German government leaders.

The apparent betrayal of German national interests by Chancellor Angela Merkel is not only evident over the recent industrial spying scandal on behalf of America, the slavish pursuit by Merkel of Washington’s anti-Russian policy over Ukraine — in contradistinction to her country’s national interests — also cogently suggests that the chancellor is serving a foreign master.

May 01 14:30

ECONOMIES WITH LOW OR NEGATIVE INFLATION

May 01 12:41

Feds Seize $62,000 From Innocent Organic Farmer Because The Bank Teller Gave Him Bad Advice

Randy and Karen Sowers innocently watched the government take $62,000 of the money they had made selling milk from grass-fed cows and eggs from cage-free chickens at Washington, D.C.-area farmer’s markets.

“It is not right that the government can take all of your money on the basis that they think you have done something wrong,” Sowers told the Ways and Means Committee of the US House of Representatives in February. “Also, when the government shows up at your door with armed agents and hands you a subpoena, your whole life is turned upside down.”

The case has galvanized opponents of what is called civil forfeiture and united politicians on both sides of the aisle.

May 01 10:11

Sterling slides as manufacturing slows

Sterling has fallen sharply against the US dollar after growth in the UK manufacturing sector slowed markedly in April.

Financial data company Markit said its monthly Purchasing Managers' Index (PMI) for manufacturing fell to 51.9 in April from 54 in March.

Although a figure above 50 still indicates expansion, the fall was the biggest since February 2013.

May 01 09:33

It's complicated

May 01 09:15

Baltimore: Police Violence And The Bankers Who Destroyed A City

American politics is the realm of Immaculate Conception where actual policies and accumulated history disappear behind a veil of personal characteristics and unrelated acts. The (mis)leadership class pretends that ruling class machinations— trade agreements, financial deregulation, imperial wars, surveillance and policing have no bearing on social outcomes.

May 01 08:45

Today's Technology Bubble: Bigger Than 2000?

May 01 08:28

What is a Makerspace?

By Brian Berletic

Makerspaces are getting a lot of attention these days but it still seems like some people are unclear as to what exactly a makerspace actually is. That might be because, at this point, even makerspaces themselves are unsure of exactly what they are doing or where this is all heading.

However, what they do know is that makerspaces are for at least three things: Innovating, collaborating, and learning. Perhaps an analogy can help make things clearer...

May 01 08:07

Europe's debt mountain just got bigger

It's official. The eurozone is drowning in debt.

According to the latest figures from the bloc's official statistical authority, government debt in the eurozone reached nearly 92pc of GDP last year - the highest level since the single currency was introduced in 1999.

Unsurprisingly, debt-stricken Greece is the worst offender, with its public debt topping 177pc of national economic output. Italy is not far behind at 132pc of GDP, with bailed-out Cyprus at 107pc.

The figures also show that only five of the eurozone's 19 countries are below the Maastricht Treaty's 60pc debt limit. Across Europe as a whole, 16 of out the 26 member states are officially in breach of the debt criteria.

May 01 08:06

US Unemployment Benefits At Its Lowest Level In 15 Years

U.S. Jobless Claims Fall to Lowest Level in 15 Years
WASHINGTON—The quantity of Americans requesting first-time unemployment advantages tumbled a week ago to the most minimal level in 15 years, a sign of expansive wellbeing in the work market.

http://whatisusa.info/us-unemployment-benefits-at-its-lowest-level-in-...

May 01 08:02

China’s Gold Secret

May 01 08:00

German official: Iran to open trade office in Berlin

Chief Executive Officer (CEO) and Deputy Chairperson of the German Near and Middle East Association (NUMOV) Helene Rang said Iran has recently purchased an office in the German capital to further boost trade ties with the European country, IRNA reported.

May 01 07:56

‘Dictator-arming’ BAE boss must resign from BBC Trust, say activists

A petition signed by thousands has been delivered to the BBC calling for the removal of its new vice-chair, Roger Carr, because of his continued chairmanship of BAE Systems, Europe’s biggest arms company.

Delivered on Thursday morning by the Campaign Against the Arms Trade (CAAT), the petition was signed by 6,350 people with the aim of having Carr removed.

May 01 07:43

Marc Faber: Stocks to fall 40%—at least!

May 01 07:22

Secondhand car supermarket Carcraft collapses leaving hundreds without jobs and thousands of customers out of pocket

Used car supermarket Carcraft has fallen into administration, leaving 500 people without jobs and potentially thousands of customers out of pocket.

Customers have been warned that any existing warranty, MoT, roadside assistance or servicing deals they have with the firm are no longer valid.

Administrators Grant Thornton have confirmed that they will be getting in touch with customers to tell them that their contracts with Carcraft won't be honoured and no longer provide them with any cover.

May 01 07:09

Greek Pensioners Crash Pension Fund Board Meeting, Form Lines At Bank

Earlier this week, Greek pensioners discovered that a "technical glitch" caused the delay of some €2 hundred million in pension payments. Apparently, Athens ran out of money. Exhausted, exasperated, and short on cash, restless retirees have now taken to storming pension fund meetings and forming lines at banks.

May 01 07:07

Roberts: Legendary US Economy Is No Longer

The declaration today (April 29) of a scarcely positive GDP first quarter 2015 development rate of 0.2 percent (two-tenths of one percent) is a deliberate embellishment.

http://whatisusa.info/roberts-legendary-us-economy-is-no-longer/

May 01 05:33

How Much it Costs to be Poor

Low-income Americans are spending far more than they earn, forcing many to dip into savings, lean on family or go into debt.

May 01 03:15

The ‘War on Cash’ has begun

May 01 01:27

Dow, S&P 500 And NASDAQ Take A Tumble; US Dollar Ends April With Worst Month In 4 years

The dollar fell on Thursday to close out April as the greenback’s worst month in four years, as measured against a basket of six major currencies.

The latest batch of lackluster corporate results weighed on shares on Wall Street on Thursday.

May 01 01:21

Nikkei slips as weak earnings hit Wall Street

TOKYO: Asian shares edged down on Friday after weak corporate earnings dented Wall Street, while the dollar clawed back some losses after marking its worst monthly performance in four years against a basket of six major currencies.

May 01 01:09

Oil Prices Up, Gasoline Prices Up

“A rebound in crude oil prices has fueled up gasoline prices in the last week across the United States, with even bigger spikes in the West Coast, where refinery problems have returned. The national average stands at a four month high, though for this date prices remain at their lowest since 2009. Late last week, West Texas Intermediate crude oil stood near $58 a barrel, the highest since December 15, 2014. That price stands some $10 a barrel higher than a month ago, and has been a key contributor to the rise in gasoline prices that many states are witnessing. Refinery issues along the West Coast have added insult to injury for Californians, where prices are up by 25 cents per gallon just in the last week in some areas.”

(*Refinery issues; Talk about your Perfect Timing !)

May 01 01:01

Exxon Mobil earnings top estimates

Oil output high despite low crude prices, eroded profits

(*They found a way to Hose Us At The Pump)

Apr 30 23:15

Faber: Stocks are about to fall 40% at least

Apr 30 23:14

Goldman Sachs Dumps $50 Million In Bitcoin

Apr 30 21:50

Roberts: Legendary US Economy Is No Longer

The declaration today (April 29) of a scarcely positive GDP first quarter 2015 development rate of 0.2 percent (two-tenths of one percent) is a deliberate embellishment.

http://whatisusa.info/roberts-legendary-us-economy-is-no-longer/

Apr 30 20:58

Would You Tip More if People Could See It?

Are customers less likely to leave small tips, or no tip, if those around them can tell?

Apr 30 20:49

Starbucks Profits in Q2

Spending on "extras", like Starbucks coffee and beverages, is one sign that the economy is still on the up-swing.

Global caffeinated-beverage-behemoth Starbucks Corporation is getting it done all over the world. The results are in for the second quarter, and the results are simply great across the board.

Apr 30 20:43

The Real Length of the Full-Time Work Week

The days of the 40 hour work-week are over.

When you're hired for a full-time job, the understanding is that you'll put in at least a 40-hour workweek.

The expectation -- especially for salaried employees who don't qualify for overtime -- is that you'll put in more to ensure your projects get done.

Apr 30 20:36

How Much it Costs to be Poor

Being poor may actually be more expensive than you think.

Low-income Americans are spending far more than they earn, forcing many to dip into savings, lean on family or go into debt.

Apr 30 19:31

RBS has lost £50bn since the taxpayer paid £46bn to save it: State-backed giant lurches to a £446 million loss

"Sounds good to me!" - Certified Ball Street Wanker

Apr 30 16:50

Cash on Lockdown: Bankers “Want Badly to Charge YOU Interest for Depositing YOUR Funds”

Cash is quickly becoming a liability.

SHTF has been closely following the recent calls from Wall Street to ban cash and implement a system that would force everyone to operate on the grid, even as interest rates have hit negative and customers are actually charged for keeping money in the bank.

Money Metals Exchange explains it well:

The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it.

Read more at SHTFplan.com

Apr 30 15:19

Michigan governor wants to split Detroit Public Schools district to isolate debt

Gov. Rick Snyder has laid out a plan the struggling Detroit Public Schools district, which has big debts and poor student achievement in many of its approximately 100 schools.

Snyder said the district has reached a "crisis point where systemic change is needed."

Under the plan, the existing Detroit Public Schools would continue under the direction of the emergency manager and the elected Board of Education for the sole purpose of paying off the district’s debt.

Apr 30 15:18

Detroit water bill battle: What can you do?

Clark said she's struggled to pay her water bill in the past, but things got worse in October when her water usage suddenly skyrocketed.

"We went from 2,900 gallons of water to 29,000 gallons of water," she said.

Ruth to the Rescue reviewed Clark's bills from the last six months and confirmed that -- from October to December -- her water usage jumped from more than 23,000 gallons of water to 29,000 gallons. In 2013, those numbers were under 4,000 gallons.

Apr 30 14:32

Greek Finance Minister Yanis Varoufakis ‘attacked’ by protesters in Athens restaurant

The Syriza party got elected in Greece promising to end austerity and stop job losses – but some groups are already angry at the new government.

Dozens of recently-hired tax workers protested outside the finance ministry in Athens complaining that they receive less pay than their colleagues.

Apr 30 14:31

Russia building a nuclear powerplant in Finland

Finnish company Fenovoima has announced that it has made contracts with a Russian corporation Titan-2 to build nuclear powerplants on the west of Finland.

Fenovoima stated that the contract to build a nuclear power plant was signed in January with Russian state company Rosatom Atomic Energy , which is a subsidiary of Titan.

Finnish Parliament approved in December to the Branch Rosatom to build a nuclear power plant , which would begin to produce electricity in 2024 .

Apr 30 14:17

Greece "Scrambles"To Make Full Monthly Pension Payments: "Still Missing Several Hundred Million Euros"

Greece was forced to delay pension payments by 8 hours on Tuesday while Athens scrambled to find cash. Although the government claims there was a "technical glitch," officials with knowledge of the matter offered a far more elegant explanation: there wasn't enough money.

Apr 30 14:16

Billionaire Hypocrisy: George Soros May Owe $7 Billion In Taxes

George Soros may owe some $6.7 billion in taxes Bloomberg says, noting that despite the billionaire's call to increase taxes on the wealthy, his fund has employed a loophole that allowed for the deferral of taxes on management fees the reinvestment of which has generated billions in returns.

Apr 30 14:14

Guess Who Predicted The Failure Of QE

Yellen... AND Bernanke!

So while in 2008, QE had no discernible economic effects... in 2015 it is a powerful tool for lowering unemployment rates? What a farce!?

Apr 30 14:09

Ukraine named worst performing economy in 2015- The Economist

Ukraine has the fastest falling economy of 2015 according to the British periodical The Economist. The country has seen its GDP shrink by 6.5 percent since last April, with countries like Libya and Macau performing better.

Apr 30 13:41

A series of events have brought the subject of high frequency trading abuses once again to the forefront of the financial news reportage.

Although the SEC has investigated high frequency trading and its impact on the market for years, it is yet to explain, never mind halt, the inexplicable streaks of consecutive winning trading days that banks and hedge funds routinely report. On the other side of every winning transaction is an investor, who is losing money and none too happy about it. Where are the market watchdogs that are supposed protect investors from predatory trading?

Apr 30 12:34

BITCOIN PLATFORM CIRCLE GETS $50M FROM GOLDMAN SACHS AND CHINA’S IDG CAPITAL

The Wall Street Journal is reporting that Boston-based Bitcoin platform Circle has added $50 million in new funding — valuing the company at $200 million. The company’s latest investment was led by Goldman Sachs and Chinese investor IDG Capital Partners. Previous investors Accel Partners*, Breyer Capital, General Catalyst Partners, and Digital Currency Group also took part in the round.

Apr 30 12:28

Baltimore riots: A product of the Soros Machine

While Baltimore burns, the city has proven itself to be yet another staging ground in a long line of scenes involving “violent protests,” riots, and racial violence following an incident concerning police brutality, real or otherwise.

Apr 30 12:15

SOME ARREST DATA THAT MAY HELP EXPLAIN THE BALTIMORE RIOTS

For years, Baltimore had a policy that led to tens of thousands of wrongful arrests?. Baltimore was forced to settle with the ACLU in 2010 and enact a series of reforms. The initiative has now more or less ended, but the damage it caused obviously lingers. “Never mind what it did to your jury pool,” Simon told the Marshall Project. “Now every single person of color in Baltimore knows the police will lie.”

Apr 30 12:09

71% OF WALL STREET BANKERS ADMIT THEY ARE TOO BIG TO FAIL (AND UNDERPAID)

Wall Streeters are not happy. According to the latest Bloomberg poll, 48% believe they are paid less (or much less) than they had hoped for.

With the biggest banks cutting costs as new regulations force derisking and deleveraging (in theory), pay is taking a hit (although not so much for the CEOs). As one headhunter noted, "they're still making decent money, but it’s nothing like 2007," but ironically, a massive 71% of Wall Street bankers admit that their banks are still Too Big To Fail.

Apr 30 10:35

US army exercise on preventing civil unrest spread to Tennessee

New videos have been released over the "riot control teams" for the last few weeks. National Guard along with police and US military forces undertake training exercises across the United States. Training is based under riot control and martial-law scenarios.

According to the officials, the 134th Air Refueling Wing of the Tennessee Air National Guard and the Knoxville Police Department trainings take place once in a month. The troops take turns of being rioters, who throw objects and powder at each other.

"We use this training because we know that if we have to use it in the outside world or within a base then we're ready," National Guard official said.

The troops are to deal with civil unrest and domestic disorder.

The police officers are training the Guard troops, "in case they ever come in contact with a riot control situation," according to the official.

Webmaster's Commentary: 

It is obvious the government knows that some huge financial correction is going to hit the US and world economy, which could well plunge some portions of this country into chaos.

And as a Christian pacifist, who never advocates violence, I am urging Mike's readers and listeners NOT to give this government the war they are prepared to fight and win against you, as these exercises demonstrate.

Be calm, prepare, the best you can, and have patience.

The next major change in government will not be won with weapons, but with computer keyboards, sharing what you know with whom you know.

Apr 30 10:15

America’s Police Will Fight the Next Riot With These Stink Bombs

As protesters and police officers clash on the streets of divided cities such as Baltimore, Maryland, and Ferguson, Missouri, some police departments are stockpiling a highly controversial weapon to control civil unrest.

It’s called Skunk, a type of “malodorant,” or in plainer language, a foul-smelling liquid. Technically nontoxic but incredibly disgusting, it has been described as a cross between “dead animal and human excrement.” Untreated, the smell lingers for weeks.

The Israeli Defense Forces developed Skunk in 2008 as a crowd-control weapon for use against Palestinians. Now Mistral, a company out of Bethesda, Maryland, is providing it to police departments in the United States, including the Ferguson PD.

Webmaster's Commentary: 

JUST great: instead of dealing with the situations which led to the protests in first place (like police brutality, which is a national embarrassment here in the US), police departments are going to control crowds with stink bombs developed to be used by Israelis against Palestinians; and then to address any issues the Palestinian people have with them constructively.

Apr 30 09:54

CAVING IN TO CORPORATISM: ENDGAME FOR SECRET “TRADE” PACT NEGOTIATIONS

Two game-changing trade agreements — the Transatlantic Trade and Investment Partnership (TTIP) and its sister pact, the Trans Pacific Partnership (TPP) — are perilously close to completion. Their basic aims are three-fold: to elevate the rights of “investors,” that is of corporations, above the rights of citizens; to transfer sovereignty from the seats of national government to the corporate HQs of the world’s largest multinationals; and to cement Western domination of the global economy for the foreseeable future.

Webmaster's Commentary: 

This is the last bitter step of corporations owning the world, setting legislation norms, and pretty much, in this country, completely ignoring the needs and concerns of American citizens.

Multinational corporations have pretty much owned the world for some time now; these pacts simply make it "official". That is why Obama won't even let Congress see the pertinent documents on these treaties.

Apr 30 09:18

Billionaire Hypocrisy: George Soros May Owe $7 Billion In Taxes

“You support President Obama’s proposal to increase taxes on the wealthy?” That was the question put to George Soros on CNN some three years ago. Here was his answer:

Yes, very much… the super bubble really resulted in creating a great increase in inequality, and now we have the after effect where you have slow growth, but if you could have better distribution of income, then the average American would actually be better off.

Apr 30 08:19

The Great Unwind Begins: US Dollar Plunges To 2-Month Lows

Just when you thought it was safe to pile all your money (at maximum leverage) into USD-denominated assets, the greenback plunges... The last 4 days have seen the 2nd biggest drop in 6 years. This has very significant consequences for a world that has become entirely consensus-based across at least 5 major themes... This poses a problem for talking-heads: if USD strength as indicative of US economic strength... what does a plunging USD imply?

Webmaster's Commentary: 

It will be good for US exporters! Bad for people buying imported products in the US!

Apr 30 08:15

The Dwindling US Economy

By Paul Craig Roberts

The announcement on April 29 of a barely positive GDP first quarter 2015 growth rate of 0.2 percent (two-tenths of one percent) is an intentional exaggeration...

Apr 30 07:59

Economic growth? Obama shoots himself in the foot

The world’s biggest economy ground to a standstill in the first quarter of 2015 wracked by massive job losses in the oil sector, falling personal consumption, weak exports and droopy fixed investment. Real gross domestic product (GDP), the value of the production of goods and services in the US, increased at an abysmal annual rate of just 0.2 percent in Q1 ’15 according to the Bureau of Economic Analysis demonstrating conclusively that 6 years of zero rates and Large-Scale Asset Purchases (LSAP)– which have enriched stock speculators, inflated the largest asset-price bubble in history, and exacerbated inequality to levels not seen since the Gilded Age– have done nothing to improve the real economy, boost demand or reduce unemployment. As the BEA data illustrates, the US economy is basically DOA, a victim of criminal congressional negligence and Central Bank chicanery.

Apr 30 07:57

Fury rises at Disney over use of foreign workers

At the end of October, IT employees at Walt Disney Parks and Resorts were called, one-by-one, into conference rooms to receive notice of their layoffs. Multiple conference rooms had been set aside for this purpose, and in each room an executive read from a script informing the worker that their last day would be Jan. 30, 2015.
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Build 2015 UBER mentions: #ITBW rounds up the best Build 2015 roundups

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Some workers left the rooms crying; others appeared shocked. This went on all day. As each employee received a call to go to a conference room, others in the office looked up sometimes with pained expressions. One IT worker recalls a co-worker mouthing "no" as he walked by on the way to a conference room.

Apr 30 07:36

16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here

If U.S. economic growth falls any lower, we are officially going to be in recession territory. On Wednesday, we learned that U.S. GDP grew at a 0.2 percent annual rate in the first quarter of 2015.

Apr 30 07:22

Wynn share loss wipes out $2.2 billion in stock market value

The steep drop in value followed Wynn Resorts’ Tuesday earnings report. The company reported a first-quarter loss of $44.6 million, or 44 cents a share, on revenue of $1.09 billion. Sales fell 28 percent year over year, and the company missed analysts’ consensus estimates on earnings per share by nearly 50 percent.

The results were tied to a slump in Macau, where gaming activity has fallen as government officials have cracked down on corruption and curbed junkets to the market.

New restrictions on travel from mainland China to the island haven’t helped, either.

Apr 30 06:43

U.S. and UK GDP Fall Heralds Recession – ZIRP to Continue

– U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter
– U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure
– Large inventory build up in the U.S. may mask deep recession
– Zero percent interest policies (ZIRP) to continue despite suggestions to contrary
– Global economy vulnerable to recession and depression

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