Blog Archives

Treasury Secretary Warns Greek Debt Crisis Could Destabilize US Financial System

lew

US Treasury Secretary Jacob Lew warned Congress on Wednesday that foreign turmoil, such as Greece’s debt crisis, could destabilize the US financial system. “In today’s globally integrated financial markets, foreign shocks have the potential to disrupt financial stability in the

Posted in Economics, World News

Why are Billionaires Building Luxury Doomsday Bunkers?

billionaire bunker

For the very first time, a modern day Noah’s Ark has opened its doors for an exclusive inside look offering up plans for the ultimate Billionaire bunker and doomsday escape. Vivos founder and CEO Robert Vicino announced Vivos Europa One

Posted in Economics, National Security

Billionaire Predicts Wealth Gap Will Fuel Social Unrest

cartier

Johann Rupert, the South African who has made billions peddling Cartier jewelry and Chloe fashion, said tension between the rich and poor is set to escalate as robots and artificial intelligence fuel mass unemployment. “We cannot have 0.1 percent of

Posted in Economics, National Security

Unions that Campaigned for a Higher Minimum Wage Now Want an Exemption

union

For much of the past eight months, labor activists have argued against special considerations for business owners, such as restaurateurs, who said they would have trouble complying with the mandated pay increase. So the entire campaign was a pretense. Now

Posted in Economics, Email Featured, Labor Unions, Liberal Hypocrisy

Bloomberg Business: Most States Are Currently in an Economic Crisis

financial crisis

Six years after the recession ended, many U.S. states are hard pressed to balance budgets because of a sluggish recovery and their own policy decisions. The fiscal fragility raises questions about how they will weather the next economic downturn. A

Posted in Economics, State Government

World Bank Chief Says Global Economy is Titanic 'Without Lifeboats'

titanic

HSBC chief economist Stephen King is already thinking about the next recession. In a note to clients Wednesday, he warns: “The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic

Posted in Economics, World News

Obamanomics: Major Retail Chains Close 6,000 Stores

office depot

The long feared “retail apocalypse” may be hitting with little or no fanfare if a growing list of store-closing plans by major chains is any indication. Major U.S. retailers have announced the closing of more than 6,000 stores from coast

Posted in Business, Economics

Average Age Of A Minimum Wage Worker In America Is 36

janitor

Did you know that 89 percent of all minimum wage workers in the United States are not teens? At this point, the average age of a minimum wage worker in this country is 36, and 56 percent of them are

Posted in Economics, Email Featured, unemployment

Las Vegas Mogul Says Economic Recovery is 'Pure Fiction. A Lie'

wynn

One of America’s most astute businessmen, known for having expanded the Las Vegas strip of resort hotels and casinos in the 1990s, says the U.S. remains mired in an economic funk and any talk of a broad recovery is “pure

Posted in Business, Economics

Recovery?: U.S. Economic Confidence Index Down Sharply Last Week

gallup chart

Gallup’s U.S. Economic Confidence Index was -9 for the week ending May 3 — its lowest weekly score since December. This reflects a six-point decline from the previous week, and is the largest week-to-week drop since last July. After falling

Posted in Economics

No, Harry Reid, Crushing Poverty Does Not Cause Violence

harry reid angry1

Harry Reid thinks crushing poverty explains the violence of the riots—though he is quick to say he does not condone the violence. Before I explain how wrong he is, let me first thank Harry Reid for bringing up justice reform

Posted in Culture, Economics, Law, National Security, Politics, Racism, unemployment

Ron Paul Warns of Catastrophic 'Financial Crisis' That May Come Soon

ron paul warns

I think Ron Paul is absolutely right to warn CNBC of our next financial crisis. But I’m not sure the dollar is the bubble. Despite rising stock prices and a falling unemployment rate, the United States is on the brink

Posted in Economics, History, World News

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