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Finance


12 hours ago (via zerohedge.com)
Submitted by Tim Price via The Cobden Centre,“We’re not gonna make it, are we ? People, I mean.” “It is in your nature to destroy yourselves.” “Yeah. Major drag, huh ?” From James Cameron’s ‘Terminator 2: Judgment Day’.Here is a thought experiment. It is January 2000. The last wild Pyrenean ibex has been found dead, squashe

12 hours ago (via zerohedge.com)
Last week, Chicago got some bad news from Moody’s. On the heels of an Illinois Supreme Court decision that struck down a pension reform law, the ratings agency cut the city to junk status, triggering some $2.2 billion in accelerated payment rights for the city’s creditors and complicating Mayor Rahm Emanuel’s efforts to refinance nearly a billion in floating rate notes and borrow another $20

12 hours ago (via zerohedge.com)
Submitted by Michael Snyder via The End of The American Dream blog,The history books tell us about how evil and wicked the Nazis were,so why aren’t we more alarmed that the United States is becoming more like Nazi Germany with each passing day?  More than three years ago, I wrote an article entitled “25 Signs That America Is Rapidly Becoming More Like Nazi Germany” which got

12 hours ago (via zerohedge.com)
Things are escalating rapidly in the South China Sea where Beijing has figured out an innovative solution to the notion of “disputed waters.” As regular readers are by now acutely aware, China appears to have adopted the maritime boundary equivalent of the old “possession is nine tenths of the law” axiom because Chinese dredgers have been busy for some time now creating islands out of

14 hours ago (via zerohedge.com)
Submitted by Bill Bonner via Bill Bonner & Partners,A vision of Hell troubles our sleep.It is the vision of what the United States will be like when the authorities have obliterated almost three millennia of monetary progress and have their boots on our necks.Here’s Peter Bofinger, a leading German Keynesian economist, in Der Spiegelmagazine:With today’s technical possibilities, co

14 hours ago (via zerohedge.com)
Earlier this month we learned that in 21 out of the 26 OECD member countries that have a minimum wage, working 40 hours per week at the pay floor would not be sufficient to keep one's family out of poverty. That rather stunning revelation comes as Democrats in the US push for a $12 minimum wage by 2020 and as pressure grows on companies like McDonald’s to raise wages for its lowest-paid employee

14 hours ago (via zerohedge.com)
Submitted by Michael Snyder via The Economic Collapse blog,Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?  Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year.Many believe that if we paid it off a little bit at a time th

14 hours ago (via zerohedge.com)
On Wednesday, we reported on what was certainly the biggest market news of the week when in under one second, Chinese solar company Hanergy Thin Film crashed by nearly 50% due to what are still unknown reasons. As a reminder, before its crash and indefinite trading suspension, Hanergy’s market value was higher than all other listed Chinese solar companies combined and six times the value of Firs

14 hours ago (via zerohedge.com)
Submitted by Charles Hugh-Smith of OfTwoMinds blog,The consequence of policies that exacerbate injustice, inequality and double-bind demands is a madness that will find a social and economic outlet somewhere, sometime.We all know crazy-makers: people who make contradictory claims about reality, who say one thing and do another, who change their stories constantly to justify their own pursuit of se

14 hours ago (via zerohedge.com)
With Apple Watches still on back-order (due to defective supply, not abundant demand) and the sell-side confused as to whether it will be a great success (Morgan Stanley's exuberant extrapolation of Google searches) or a damp squib (KGI cut estimates on demand slowing), the latest projections from Slice Intelligence suggest things are definitely going so well for the world's largest gadget




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