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Finance


What Happened To The Middle Class? The Infographic
submitted by mephisto 3 hours ago (via zerohedge.com)
Restaurants like Olive Garden and Red Lobster are struggling, while high end dining is flourishing. At GE, demand for high-end dishwashers is racing ahead of sales growth for mass-market models. The increased wealth of highly skilled workers, the insane wealth of those with capital, and the outsourcing of lower skilled jobs have left us all asking, “what happened to the middle class?” Sou
 
Are The Swiss Going Crazy? $25 Minimum Wage Referendum In May
submitted by mephisto 5 hours ago (via zerohedge.com)
Submitted by Pater Tenebrarum of Acting-Man blog,Most of our readers probably know what we think of minimum wages, but let us briefly recapitulate: there is neither a sensible economic, nor a sensible ethical argument supporting the idea.Let us look at the economic side of things first: for one thing, the law of supply and demand is not magically suspended when it comes to the price of labor. Pric
 
Democrats Told "Don't Mention 'Economic Recovery' - It's A Political Loser"
submitted by mephisto 5 hours ago (via zerohedge.com)
Democratic strategists have made a blunt declaration in an election-year memo, according to AP, "Don't talk about the economic recovery. It's a political loser." Stan Greenberg, James Carville and others wrote that in head-to-head polling tests the mere mention of the word "recovery" is trumped by a Republican assertion that the Obama administration has had six years to get the economy moving and
 
The Real 'Reset' Button
submitted by mephisto 5 hours ago (via zerohedge.com)
It's too late now...   Source: Investors
 
Hyper-Sensitive Illinois Mayor Orders Police Raid Over Parody Twitter Account
submitted by mephisto 8 hours ago (via zerohedge.com)
Submitted by Mike Krieger of Liberty Blitzkrieg blog,Just yesterday, I wrote a post about how a South Carolina construction worker was fined $525 and lost his job for not paying $0.89 for a drink refill while working at the Ralph H. Johnson VA Medical Center in downtown Charleston. The point was to emphasize how the law comes down with a devastating vengeance when an average citizen commits a
 
De-Escalation Off: US Deploys Troops To Poland
submitted by mephisto 8 hours ago (via zerohedge.com)
So what part of "All sides must refrain from any violence, intimidation or provocative actions," did the US not understand when they decided that deploying troops to Poland was in keeping with the four-party deal? As WaPo reports, Poland and the United States will announce next week the deployment of U.S. ground forces to Poland as part of an expansion of NATO presence in Central and Eas
 
What Collateral Shortage? Collectible Cars Used As "Hard Assets"
submitted by mephisto 8 hours ago (via zerohedge.com)
You know it's bad when... The central bank inspired nominal price surge in everything expensive has not quite exhausted the greater fool trend-chasing muppet "wealth-builders" yet. As HedgeCo reports, Classic Auto Funds Limited (CAF) is launching several investment partnerships using collectable classic cars as the "hard asset". Forget oil-wells, real estate, or precious metals, as Robert Minnick
 
Russia Confirms Troop Build-Up Near Ukraine; Warns West, More Sanctions "Absolutely Unacceptable"
submitted by mephisto 8 hours ago (via zerohedge.com)
For the first time, Russia has confirmed that it has built up its military presence on the Ukrainian border (according to Agence France Presse). On the heels of the de-escalation and the West's threat of tougher sanctions (if Russia failed to abide by the new 'deal'), Kremlin spokesman Dmirty Peskov told Rossiya TV that "we have troops in different regions, and there are troops close to the Ukrain
 
Peak "Greatest Fool"
submitted by mephisto 10 hours ago (via zerohedge.com)
Confirming everything US "investors" already knew but were afraid to admit... earnings-less IPOs just hit peak greatest fool levels in the most uncomfortable deja vu moment of the 'recovery'...  We are sure, however, that Yellen and her compatriots will still not see any bubbles here... Chart: sentimentrader.com
 
18 Stats That Prove That Government Dependence Has Reached Epidemic Levels
submitted by mephisto 10 hours ago (via zerohedge.com)
Submitted by Michael Snyder of The American Dream blog,Did you know that the number of Americans getting benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million?  In other words, the number of people that are taking money out of the system is far greater than the number of people that are putting money into the syst
 



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