Archive for the 'Economy' Category
U.S. Budget Deficit Will Grow to $1 Trillion in 2020
August 22nd, 2019Via: Bloomberg: The U.S. budget deficit is growing faster than expected and President Donald Trump’s trade war is weighing on the economy, according to a new Congressional Budget Office forecast that highlights key challenges ahead of the 2020 elections. The shortfall is set to widen to $1 trillion by fiscal year 2020, two years earlier […]
How the Plastics Industry Is Fighting to Keep Polluting the World
August 21st, 2019I’ve been seeing the bales of plastic piling up at my local dump and I thought, “Why not make building materials out of all this stuff?” It turns out that there are some small moves being made in that direction. Here are a few examples: Of course, these efforts are noise level in the scheme […]
CEO Compensation Increases vs. Average Worker Compensation Increases
August 20th, 2019Via: CBS: The chasm between what the country’s corporate leaders and their workers earn is widening to Grand Canyon-like proportions, according to new research that shows CEO compensation surged 940% between 1978 to 2018 while the average worker saw a meager 12% pay hike over the same 40-year period. … Last year chief execs got […]
Collapse in Los Angeles
August 19th, 2019Dayton Gunman Had Cocaine, Xanax, Alcohol in His System During Attack
August 15th, 2019Flashback: Xanax Link to Mass Shootings Confirmed Yet Again Via: Reuters: The gunman who killed nine people outside a bar in Dayton, Ohio, had cocaine, Xanax and alcohol in his system at the time of the shooting rampage, the county coroner said on Thursday.
GE Shares Fall On Report That Its Finances Are Worse Than Disclosed
August 15th, 2019Bigger fraud than Enron or WorldCom. Via: Reuters: General Electric (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems. In a 175-page report, Markopolos accused GE of hiding $38.1 billion in potential losses and […]
The Average U.S. Farm Is $1,300,000 In Debt
August 14th, 2019Via: End of the American Dream: We haven’t seen anything like this since the Great Depression of the 1930s. Leading up to this year, farm incomes had been trending lower for most of the past decade, and meanwhile farm debt levels have been absolutely exploding. So U.S. farmers were desperate for a really good year, […]
Riot Police Clash with Protesters at Hong Kong Airport as Chinese Forces Mass at Border
August 13th, 2019Via: CBS: Riot police clashed with pro-democracy protesters at Hong Kong’s airport late Tuesday night, moving into the terminal where the demonstrators had shut down operations at one of the world’s busiest transport hubs for two straight days. Officers armed with pepper spray and swinging batons confronted the protesters who used luggage carts to barricade […]
U.S. Budget Deficit Already Exceeds Last Year’s Total Figure
August 12th, 2019Via: Bloomberg: The U.S. fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue. The gap grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. […]
Hong Kong: Flights Cancelled After Demonstrators Take Over Airport
August 12th, 2019Update: Clashes at Hong Kong Airport Via: Reuters: Protesters clashed with police at Hong Kong’s international airport on Tuesday evening after flights were disrupted for a second day, plunging the former British colony deeper into turmoil. The scuffles broke out in the evening between police and protesters, after an injured person was taken out of […]
