ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 15 15:18

Why Is WalMart Mysteriously Shuttering Stores Nationwide For "Plumbing Issues"?

If that doesn’t turn out to be enough in the face of an economy which isn’t really recovering and in which low-income shoppers are constrained by lackluster (and by that we mean nonexistent) wage growth, some sacrifices may have to be made. The problem is that laying people off and shuttering stores two months after a celebrated wage hike initiative doesn’t inspire much confidence and could turn into a PR issue, but one thing you could do is get creative, and while we’re not plumbers, we do find it curious that five geographically distinct WalMart stores have been closed in the past week for “ongoing plumbing issues that will require extensive repairs.”

Apr 15 15:00

It’s Not The Weather: Industrial Production Is Rolling Over, Yet The Fed Is Clueless About Its Own Index

Another day of “incoming data” and still more evidence that this isn’t your father’s business cycle. This time it comes from the Eccles Building itself, but don’t expect the Keynesian money printers domiciled there to recognize that the industrial production report they issued today constitutes yet another rebuke to their entire macro model.

The March index slipped badly (0.6%) and thereby predictably elicited a “do not be troubled” assurance from the talking heads. It was just aberrant weather again. Well, that’s actually right. March was so much warmer than February that the utility component of the index plunged by 5.9%.

Indeed, as another branch of the Fed revealed a few days ago, March was actually warmer than normal for the month. Presumably this means the punk economic data for March can’t be explained by winterish weather—-since it is the very opposite condition which explains last month’s steep drop in utility production.

Apr 15 14:52

IRS Targets Farmer For Making Cash Deposits

Apr 15 14:12

Russia’s Lukoil reopens its office in Iran

"We look forward to participation in projects in Iran after the sanctions are fully removed", he said.
Maganov said that the Anaran project is Lukoil’s priority in Iran but the company is also interested in other projects.

Apr 15 14:06

Mergers & Acquisitions Go to Manic Levels

Apr 15 13:29

A New Housing Bubble About To Burst?

Apr 15 13:17

Greece in new downgrade by S&P for "unsustainable" commitments

Ratings agency S&P has downgraded Greece's credit rating again, saying it expects its debt and other financial commitments will be "unsustainable".

Apr 15 12:32

GERMLINE ENGINEERING COULD LEAD TO DESIGNER BABIES AND SUPERSTRENGTH

In the past month momentum has mounted around a technology called CRISP?R-Cas9, often described as a “search and replace” tool for DNA. The reason? It’s possible that scientists are now looking into using the revolutionary technique to permanently edit the genome of human eggs, sperm and embryos, a process called germline engineering.

Apr 15 10:37

Scurrilous Corporate Thieves Are Stealing Workers’ Comp

The infamous anti-labor bully, Wal-Mart, is among the leaders, but so are such prestigious chains as Macy’s and Nordstrom, along with Lowe’s, Kohl’s and Safeway. Their goal is to gut our nation’s workers compensation program, freeing corporate giants to injure or even kill employees in the workplace without having to cover all (or, in many cases, any) of the lost wages, medical care or burial expenses of those harmed.

Apr 15 10:28

FLASHBACK FEBRUARY - Concrete debris falls onto car from bridge as driver goes under it in Md.

The morning after concrete fell from a Prince George’s County bridge and struck a woman’s car, the incident drew commentary at a Capitol Hill hearing Wednesday.

“We are going to have to pay for our infrastructure [repairs] or you are going to have to face blocks of concrete falling on your head,” Rep. Donna Edwards (D-Md.) said at a hearing of the House Transportation Committee.

“I did acknowledge the incident in Maryland last night,” responded U.S. Transportation Secretary Anthony Foxx, who has appealed for $478 billion in additional transportation funding. “There’s no excuse for that in America.”

Webmaster's Commentary: 

Government is the most expensive thing you will buy in your life. Are you getting value for the money? To judge by these stories, we are not. Your money flows to Wall Street, the war machine, CIA torture dungeons, NSA spy shops, and of course Israel.

Apr 15 09:59

"Staggering" Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments

A new St. Louis Fed study finds that the delinquency rate for student borrowers in repayment is 27.3%, meaning nearly one in three of the Americans laboring under a debt load that has now swelled to $1.3 trillion are more than a month behind on their payments. Ackman says there's "no way they are going to pay it back." We can hear the "cancel the debt" cries now.

Apr 15 09:57

DAX Just Flash-Crashed, Drags US Stocks Lower

No apparent headlines as the European close looms and DAX Futures just plunged on heavy volume...

Apr 15 09:56

Russian Ruble Extends Outperformance - Surges To Strongest Since November

The Ruble is now up almost 22% against the US Dollar year-to-date.

Apr 15 09:49

Young married couple and their baby son killed after a chunk of CONCRETE falls off Washington state bridge and crushes their pickup truck

A mother, father and their eight-month old baby boy were killed on Monday when a concrete barrier fell onto their truck as they were driving under an overpass in Washington State.

Webmaster's Commentary: 

More neglected infrastructure!

Apr 15 09:48

Dutch banker fired after she is exposed as a dominatrix prostitute who described herself as a ‘high class nymphomaniac’ and earned 10,000 euro a week dressing up as a Nazi and whipping men

A top official working at the Dutch Central Bank has been fired after her secret double life as a Nazi-themed dominatrix prostitute was uncovered.

The 46-year-old part-time prostitute worked at the Dutch Bank who are responsible for regulating the financial services industry in the Netherlands for eight years.

However, for the past six years, the woman, known only by her 'professional' name Conchita van der Waal offered a range of sexual services at a rate of €450 an hour asking for requests that are 'the kinkier the better'.

Apr 15 09:47

California water crises: Global warming or bureaucracy?

Apr 15 09:22

Joe Bannisters Lawyer Warns Non-Filers 'You Risk Going To Jail- Be Prepared To Lose Everything You Have'

Jeff Dickstein, the lawyer who successfully represented former IRS enforcement officer Joe Bannister in court, has some advice for potential non tax filers; Joe Bannister also discusses how his Catholic faith helped him through his fight with the IRS and the future of the tax freedom movement.

Q. "You represented Joe Bannister who was acquitted of charges. If the average American were to watch Freedom to Fascism and they decide they don't want to file their income tax, what would you say to that? What would you recommend such a person do?

Apr 15 09:21

China Doesn’t Want To Finance Nicaragua’s Canal, Panama Canal Authority Says

Nicaragua’s interoceanic canal project is still making headway despite ongoing trepidation over potential environmental damage and opaque financing details. But this week one of the project’s main skeptics, the administrator of the nearby Panama Canal, threw some cold water on suspicions that the Chinese government may be behind the deal.

“I just returned from China, and builders there told me that no state company has any interest in financing the [Nicaragua canal] project,” said Jorge Luis Quijano, administrator of the Panama Canal Authority, on Monday, according to local reports. He was speaking at an opening session of the Panama Maritime World Conference and Exhibition, an annual gathering of international maritime industry professionals.

Apr 15 09:11

FLASHBACK - The United States Is In Deep Doodoo!

The following article was first written in 1998. I am relinking it here not so much as to say "I told you so", but to point out that the long term economic future of the United States was obvious, or should have been obvious, to the people who are awarded lofty degrees and paid huge salaries to comprehend such things. Instead, the economists persisted in explaining away the visible signs of gathering troubles and earned their salaries by justifying why the policies that robbed the poor to give to the rich should continue unabated.

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WRH Exclusive
Apr 15 08:54

‘It’s our money’ podcast: be educated on monetary/credit reform or continue looting by oligarchs

*hyperlinks/podcast live at source*

Note: I make the following factual assertions as a National Board Certified Teacher of US Government, Economics, and History, with all economics factual claims receiving zero refutation since I began writing in 2008 among Advanced Placement Macroeconomics teachers on our discussion board, public audiences of these articles, and international conferences. I challenge readers to empower their civic voices with the strongest comprehensive facts most important to building a brighter future. I invite professionals, academics, and citizens to add their voices for the benefit of all Earth’s inhabitants.

Human beings are looted by asset-hole oligarchs literally by the trillions every year.

These lying sacks of spin are the .01% banksters, and “leaders” of government and corporate media.

Human beings will either continue being looted and lied-to, or earn voices for justice from basic education that includes how to create what we use for money:

Apr 15 08:52

"Staggering" Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments

Calls for a benevolent suspension of both personal responsibility and accounting truisms (which mandate that one person’s liability is everywhere and always someone else’s asset) in the interest of forgiving all student loans at the expense of the US taxpayer aside, America has a student debt problem. Here are some good places to start if you need a refresher:

Apr 15 08:46

EU set to file antitrust lawsuit against Google for unfair practices

Google is facing formal antitrust charges in the EU after years of investigation and three attempted settlements. The announcement will be made at the European Commission meeting on Wednesday, EU officials told the media.

Apr 15 08:43

How Your Bank Account WILL Disappear

Apr 15 08:42

Fast food works to strike in 230 cities

Apr 15 08:17

Fed official hints many cities to follow Detroit bankruptcy road

A top Federal Reserve official indicated Tuesday that the municipal bankruptcies of Detroit, Michigan, and Stockton, California, could mean further such filings in the future, more so that current bond ratings suggest.

Apr 15 08:10

A Condo In San Francisco Is Available For $49 Million Posted On 14 Ap

The duplex penthouse at Lumina in San Francisco is marked down for $49 million.

The property is a 13,800 square foot duplex penthouse on the 41st and 42nd stories of the new Lumina building at 201 Folsom Street.

http://whatisusa.info/a-condo-in-san-francisco-is-available-for-49-mil...

Apr 15 08:10

The Criminalization of Cash

Of course, there are many reasons presented as to why we need to transition into a cashless society. Cash is only used by criminals and terrorists, after all (just ask the government of France or the FBI or Amtrak or, presumably, the authors of House Bill 195 in Louisiana). Cash carries germs. Cash is so, like, 20th century.

Webmaster's Commentary: 

There is another aspect to keep in mind.

When cash is in your pocket, it is not available to the banks to use in calculating their required cash reserves. When you use plastic, the funds move from one banking computer to another banking computer instantly, and is still available to the system as a whole to meet their reserve requirements.

There is over a trillion dollars in cash in circulation. Trapping it inside the banking system gives them more room to play around in and delay the coming crash!

Apr 15 08:01

America : Freedom to Fascism

Webmaster's Commentary: 

Time to watch this again!

Apr 15 07:58

The European Union Accused Google Of Abusing Its Dominant Position

The European Commission has sent a Statement of Objections to Google affirming the organization has mishandled its prevailing position in the businesses for general web hunt benefits in the European Economic Area (EEA) by methodically supporting its own correlation shopping item in its general query items pages. The Commission’s preparatory perspective is that such direct encroaches EU antitrust principles in light of the fact that it smothers rivalry and damages shoppers. Sending a Statement of Objections does not prejudge the result of the examination.

http://whatisusa.info/the-european-union-accused-google-of-abusing-its...

Apr 15 07:17

Steelworkers Welcome Nationwide Beer Can Boycott

Millions of union members across Canada are being urged to boycott beer sold in cans to protest an American corporation's union-busting tactics at a Toronto factory.

The Canadian Labour Congress (CLC), representing 54 unions with more than three million members across the country, today joined a beer can boycott launched by United Steelworkers (USW) Local 9176 in Toronto.

The national boycott urges consumers to buy their beer in bottles, not cans that are manufactured by U.S.-based multinational Crown Holdings.

Apr 15 07:16

Democracy's Gold Digger

Well now we know why John Baird suddenly retired as foreign affairs minister, he got a better job. And not just any job. He’s going to be an international advisor to the world’s largest gold mining company, Barrick Gold. You don’t get a gold watch when you retire from Barrick, you get a gold butler.

This is a company that’s hugely benefited from policies of the Conservative government. But, if you believe that whatever’s good for large corporations is good for all Canadians, then Baird’s new job is no big deal. It’s just public service in a different form. A form that happens to have no accountability and yacht-loads of money.

But for the rest of us, this seems corrupt.

Apr 15 07:08

Stock market returns since 1997:

Apr 15 04:47

Israeli company building desalination plant in CA to 'help' with the drought

The CEO of Israel's 'IDE Technologies' U.S. Division was quoted as saying "there's no boundaries in industry."
The project manager for Poseidon Water, the company contracting with the Israelis, recently commented on the Carlsbad project, noting "Desalinated water will be more expensive; what is the cost of not having water at all?"

Apr 15 03:35

Expect Your Rent To Go Up Again

“The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they’re still going to go up.”

Apr 15 03:27

Rupee Down 12 Paise

Rupee down 12 paise in early trade on fresh demand for dollar

KARACHI: Pakistani rupee further gained value against US dollar in open market and remained firm in interbank on Tuesday.

Apr 15 03:19

China says 57 countries to be founding members of AIIB

A total of 57 countries will be founding members of the new Beijing-backed Asian Infrastructure Investment Bank (AIIB), China's finance ministry said on Wednesday, throwing together countries as diverse as Iran, Israel, Britain and Laos.

Britain surprised some allies last month in deciding to join the AIIB, and was quickly followed by Germany, France and Italy. Among the Group of Seven (G7) industrialized countries, the United States, Japan and Canada remain as absentees.

Washington had cautioned nations about joining the bank seen as a rival to the U.S.-dominated World Bank

Apr 14 21:48

A Condo In San Francisco Is Available For $49 Million

The duplex penthouse at Lumina in San Francisco is marked down for $49 million.

The property is a 13,800 square foot duplex penthouse on the 41st and 42nd stories of the new Lumina building at 201 Folsom Street.

http://whatisusa.info/a-condo-in-san-francisco-is-available-for-49-mil...

Apr 14 19:23

Maternity Leave is Shrinking

Today women are working longer into their pregnancies and sooner after giving birth than in years past.

Apr 14 19:15

Millennial Women Still Earn Less Than Men

Although millennial women tend to be more highly educated than their male counter-parts, they are still earning less money in many careers.

Apr 14 19:05

How to Get the Best Financial Aid Package

The traditional approach to college applications for many families is to pick a school and figure out how to pay for it later. “That formula is a recipe for disaster now,” says Kalman Chany, a New York City-based financial aid consultant and the author of the Princeton Review’s “Paying for College Without Going Broke.”

Apr 14 16:42

Guaranteed paid leave for mothers (weeks)

Apr 14 15:37

How Your Bank Account WILL Disappear

Apr 14 15:37

Flashback: 12 Things you should know about David Cameron's austerity to infinity speech at the Lord Mayor's Banquet

The most glaringly obvious demonstration that Cameron's brain has been addled by the bubble of wealth and privilege he inhabits is the fact that he decided to announce that he plans for the UK public to suffer permanent austerity, whilst reading his speech at the Lord Mayor's Banquet from a gold encrusted lectern.

The evidence is absolutely clear: Tory austerity is for the poor and ordinary, whilst the rich have used this economic crisis to make themselves richer than ever. Corporations and the super-rich get tax cuts, ludicrous pay hikes and state subsidies, whilst the rest of us suffer wage repression, cuts and loss of services.

Apr 14 15:18

The Grace Commission

"all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from their government"

Apr 14 13:59

Hillary Clinton – the ‘Liberal’ Puppet for War

Hillary Clinton this week launched her bid for the US presidential elections in 2016.

Clinton’s Republican rivals or would-be rivals immediately fired the brickbats, accusing the 67-year-old former First Lady of being a «Washington insider» and the «embodiment of all that is wrong» in US politics.

Hillary Rodham Clinton is lambasted by Republicans as a «liberal».

Whether described as «liberal», «conservative» or «hawk» – all American presidential candidates are the same in practice. Puppets for sale.

The unintended irony of Clinton’s Republican detractors, who include rabid rightwing Senators Marco Rubio and Ted Cruz, as well as the maverick Senator Rand Paul, is that every single one of them will have to spend similar amounts of cash in their anticipated presidential campaigns.

Apr 14 13:36

Protesters Slam Wall Street Elites for Profiting Off ‘Misery of Workers’

A union-supported activist group known as the Hedge Clippers disrupted a hedge fund conference in Manhattan on Monday to call out financial investors they say support poverty wages.

Apr 14 12:22

America’s 9 Classes Of Economic Stature

Apr 14 12:04

IMF sees solid global economic outlook even as growth diverges

The International Monetary Fund highlighted an increasing divergence in the growth paths of the world's major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging markets.

Webmaster's Commentary: 

The rich are getting richer and the poor are getting poorer and that is the way the IMF likes it!

Apr 14 11:50

These Companies Are Going To Spend So Much Money Trying To Woo Voters Ahead Of 2016

By one estimate U.S. online political advertising could quadruple to nearly $1 billion in the 2016 election, creating huge opportunities for digital strategy firms eager to capitalize on a shift from traditional mediums like television.

Apr 14 11:49

Republicans Push $269 Billion Handout For Millionaire Heirs And Heiresses

House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealing the federal inheritance tax.

The legislation would shield the very richest families from taxes on the fortunes they inherit. After years of GOP attacks on the inheritance tax, also known as the estate tax, only a few thousand of the wealthiest families are subjected to it -- 4,700 total in 2013, according to the Joint Committee on Taxation. Only individual fortunes worth over $5.43 million can be taxed under current law, an amount that doubles to $10.86 million for wealthy couples. The Republican proposal would eliminate all of these estates -- which are over 15,700 percent richer than the median American household -- from taxation.

Apr 14 10:57

Keith Neumeyer: No Price Discovery In Silver

Apr 14 10:19

A Condo In San Francisco Is Available For $49 Million

The duplex penthouse at Lumina in San Francisco is marked down for $49 million.

The property is a 13,800 square foot duplex penthouse on the 41st and 42nd stories of the new Lumina building at 201 Folsom Street.

http://whatisusa.info/a-condo-in-san-francisco-is-available-for-49-mil...

Apr 14 10:16

Analyst Career Risk

Apr 14 10:07

Boom! Boom! — When the supply lines fail

Unfortunately, the run-up to war against Russia continues

Apr 14 09:44

US Shale oil production may have maxed out - EIA

The shale oil boom may be over, judging from the latest report from the US Energy Information Administration, which said oil output from America’s seven most productive shale formations will decrease for the first time in four years.

The report has had an effect on the oil market with Brent, the benchmark for more than half of the world’s oil, trading above $58.25 per barrel, a 0.55 percent increase, and WTI, the North American blend, advancing one percent to $52.44 at the time of publication.

Apr 14 09:21

Who'd have thought austerity drives the rise in food banks?

The growth of food banks is directly linked to benefit cuts such as sanctions.

It blows a hole in David Cameron’s claim that the huge rise in food bank use could be down to better advertising at Jobcentres.

Apr 14 09:14

IMF close to giving up on Greece after official admits bail-out negotiations are ‘not working’ and the country ‘prepares to default on next debt repayment’

The International Monetary Fund (IMF) is close to giving up its role in Greece's economic resuscitation, with one senior official admitting bail-out negotiations are not working.

The comments came as some voices in Athens seemed to be preparing themselves to default on their next debt repayment.

Poul Thomsen, the IMF's Europe Director has been quoted by the Greek media as saying he could not see a successful conclusion to the country's current bail out.

Apr 14 09:03

BUNDY RANCH TYPE STANDOFF BREWING IN SOUTHERN OREGON BETWEEN MINERS AND BLM

The area in question has produced in excess of 10 million ounces of gold since its conception, and geologists estimate that only 10% of the gold in the ground has been removed, which makes this area highly sought after by any standard. It is said that children find gold with their hands in the creeks to this day.

Webmaster's Commentary: 

the government is desperate for this gold, and will do anything humanly possible to illegally throw the miners off this claim.

I would not be surprised to see a "false flag" done here to be blamed on local militias, and then have US Special Ops round up these miners, and put them where no one will ever hear from them again. Then the Bureau of Land Management will take over the mines, with all the gold going to the US government.

Do you think this can't happen?!?

You had better think again.

In the language of the NDAA (National Defense Authorization Act), the President can have any person, or persons, he has deemed a "threat" to America, arrested, and imprisoned indefinitely, with absolutely no due process.

I wonder if Obama is going to make this his test case of the NDAA; if so, there will be no such thing as private property in this country.

Apr 14 08:40

RAMIFICATIONS -- Andy Hoffman

Apr 14 08:29

Entrepreneurs Are Vanishing… Here’s Why

Apr 14 08:25

Air travel is getting even more unpleasant

The study, conducted by a Wichita State professor and the dean of Embry-Riddle’s College of Aviation, found the percentage of on-time flights fell to 76.2% in 2014 from 78.4% a year earlier. What’s more, the number of lost bags rose 13% and bumped passengers increased by 3%.

It’s no wonder that consumer complaints jumped 22%.

Apr 14 08:06

Ruby Tuesday to close 30 restaurants following quarterly losses

Ruby Tuesday will close 30 restaurants over the next few months, though they won’t say which ones.

Webmaster's Commentary: 

They just closed the one at Ala Moana shopping center.

Apr 14 07:49

Jeff Deist: A Free Market in Money?

Apr 14 07:29

Chart Of The Day: Volatility Ratio Warning

Apr 14 07:08

Doorbell

Apr 14 05:14

The Very Same People That Caused The Last Economic Crisis: The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives

The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail” would never be a problem again. Instead, as you will see below, those banks have actually gotten far larger since then. So now we really can’t afford for them to fail.

Apr 13 22:08

The Obama Family Paid 93,362 Dollars In Federal Taxes In 2014

United States President Barack Obama and his wife Michelle paid 93,362 dollars in taxes for the year 2014 on revenue of more than $477,000, according to the White House. Its effective tax rate was 19.6%, shows the document published Friday.

http://whatisusa.info/the-obama-family-paid-93362-dollars-in-federal-t...

Apr 13 19:47

Shrinkflation! How sneaky firms are making your favourite products smaller, but NOT shrinking the price

Whether it's a chocolate bar that no longer satisfies your appetite or washing powder which now runs out before your next shop, many of our big brands are shrinking their products.

The latest casualty are boxes of Cadbury's Fingers which, it was announced yesterday, will contain two fewer chocolate fingers from now on.

They join Creme Eggs, PG Tips teabags and even John West tuna in the ever-increasing list of goods getting smaller.

Apr 13 19:46

Americans Want More Kids, But Childbirth Rates Are Down

As in years past, the number of childless women in their 30s and 40s is continuing to rise.

Apr 13 18:18

Cash Banned in Louisiana at Garage Sales, Flea Markets etc.

With the passage of House Bill 195 into law, the State of Louisiana has banned the use of cash in all transactions involving secondhand goods. State representative Ricky Hardy, a co-author of the bill, claims that the bill targets criminals who traffic in stolen goods. According to Hardy, “It’s a mechanism to be used so the police department has something to go on and have a lead.” The bill prohibits cash transactions by "secondhand dealers," defined to include garage sales, flea markets, resellers of specialty items, and even non-profit resellers like Goodwill. Curiously, it specifically exempts pawnbrokers from the ban. But of course, pawn shops--and not rented stalls at local church flea markets--are notorious as places that criminals frequent to convert stolen goods into quick cash. So what gives? Are the authors of the bill and those who voted for it ignoramuses--or are they deliberately obscuring the real purpose of the bill?

Apr 13 16:34

Government to move on zero-hour contracts

Unions have campaigned for zero-hour contracts to be outlawed, and Restaurant Brands - owner of KFC - has recently agreed not to use the contracts.

The most punitive aspects of zero-hour contracts will be banned, the Government says.

Workplace Relations and Safety Minister Michael Woodhouse said he is keen to see some of the harshest contracts outlawed.

That included when people had to be available for work but were given no guaranteed hours of work in return, he told Radio New Zealand.

Asked if that meant he would effectively ban zero hour contracts, he said many employers have different definitions of what zero-hour contracts are.

"Casual [agreements] are where neither party has an obligation to say yes or no to the work. Now, generally there's a good working relationship where you get a good roster in advance and know how many hours you are likely to be working in a week - it suits people like university students.

Apr 13 14:46

McDonald's to close restaurant in south Russia over rent row

McDonald's will for the first time close its restaurant in Russia after a failure to agree on rent payment in the Belgorod Region, southern Russia, the company's press service said on Monday.

"We haven't closed restaurants in Russia before," the company said adding that the decision was made after long negotiations with the landowner in Stroitel, a town with a population of some 25,000.

Apr 13 13:31

Hundreds Protest Austerity on Montreal Streets (PHOTOS, VIDEOS)

Demonstrations continued in Montreal, as students marched the streets to protest austerity measures proposed by the provincial government in Quebec.

Apr 13 13:29

Insightful investment banker interview.

Apr 13 13:18

Nestlé’s California water permit expired 27 years ago

Last month, California newspaper The Desert Sun published an investigation revealing that Nestlé Water’s permit to transport water across the San Bernardino National Forest for bottling has been expired since 1988. On Friday, the California Forest Service announced it would make it “a priority” to reassess the permit, and that it might impose as-of-yet unspecified “interim conditions” on the bottling operation in light of the severe drought, The Desert Sun reports.

Apr 13 13:01

Foodstamp Financiers: Wells Fargo Workers Protest Re-Emergence Of Predatory Practices

One of America’s biggest banks is going to be protested by an unlikely group today: its employees. As The Guardian reports, Wells Fargo bankers are protesting the bank’s alleged predatory practices – mainly the sales quotas imposed on some of its workers (which have led to at least 30 employees opening duplicate accounts, sometimes without customers’ knowledge, in order to inflate their sales numbers). One worker warns, “it is not in Wells Fargo’s best interest for customers to purchase products and services they don’t use or need.” Now where have we seen this kind of activity before? Wells Fargo bank workers are not the only ones struggling to make ends meet without breaking ethical standards as bank tellers have collected as much as $105m in food stamps.

Apr 13 13:01

"We Have Come To The End Of The Road" - Greece Prepares For Default, FT Reports

as always is the case in Europe, nothing is confirmed until it is officially denied by officials, so here you go: GREEK GOVT OFFICIAL DENIES FT REPORT GREECE PLANNING DEFAULT

There was no explanation from the government official where Greece would get the €2.5 billion it needs to fund upcoming IMF interest and principal payments.

Apr 13 10:07

Fracking Town's Laid-off Workers: 'They Don't Tell You It's All a Lie'

.....life at the centre of the country's largest hydraulic fracturing, or fracking, boom has definitely changed. The jobs that brought thousands of recession­-weary employment­-seekers to this once peaceful corner of western North Dakota over the last five years have been drying up, even as the unemployed keep coming.

Downtown, clutches of men pass their time at the Salvation Army, watching movies or trolling Craigslist ads on desktop computers. The main branch of the public library is full, all day, every day, with unemployed men in cubbyholes. And when the Command Center, a private temporary jobs agency, opens every morning at 6 a.m., between two and three dozen people are waiting to get in the door.

Some of these job seekers are sleeping in their trucks, in utility sheds, behind piles of garbage by the railroad tracks, wherever they can curl up.

Apr 13 09:54

Welcome To The Currency War, China Edition

Apr 13 09:40

The New American Retirement Plan: Work Forever

Apr 13 08:49

“Bundy Ranch” type standoff brewing in Southern Oregon between miners and BLM

The area in question has produced in excess of 10 million ounces of gold since its conception, and geologists estimate that only 10% of the gold in the ground has been removed, which makes this area highly sought after by any standard. It is said that children find gold with their hands in the creeks to this day.

BLM has made several attempts to disband the operation through violations that claim improper paperwork filing, ruling changes over time, and other unsubstantiated claims. The miners of this district have spend tens of thousands of dollars to date to fighting the BLM in the courts and other avenues. The district has made requests to produce the official rulings that show they are in violation which have gone unanswered. They simple reason given by the BLM is that “they say so”.

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