Archive for the 'Economy' Category
Los Angeles: Homeless Disaster Getting Worse
June 4th, 2019I hope Catherine Austin Fitts investigates California’s spending on the homeless situation. Something is obviously very wrong. Who is winding up with the billions of dollars? Via: KTLA: The number of homeless people counted across Los Angeles County jumped 12% over the past year to nearly 59,000, with more young and old residents and families […]
More Americans Working in Their 70s
June 3rd, 2019Via: Quartz: Katharine Abraham, an economics professor at the University of Maryland, was chatting with her hairdresser one night about retirement plans. The economist said she plans to continue working because she wants to and has no plans for retiring. The hairdresser agreed but for different reasons: She needs the money. Both scenarios are contributing […]
U.S. Forces Blow Up Three Oil Tankers In Syria Enforcing Oil Embargo
June 2nd, 2019Via: OilPrice: US-led forces have blown up three oil tankers in Syria as the United States increases its pressure on Syria by thwarting the oil trade between the PKK/YPG and the Assad regime, according to local sources quoted by several media sources. The strike was carried about by coalition planes, which hit three oil tankers, […]
Deloitte: Net Worth of Average 18 to 35-Year-Old Has Plummeted 34 Percent Since 1996
June 1st, 2019Via: The Hill: The net worth of the average 18- to 35-year-old has plummeted 34 percent since 1996, according to new study from accounting group Deloitte. Despite stereotypes that millennials overspend on entertainment and dining out, the Deloitte study found that the generation is paying more for education, food, transportation and other basic needs, while […]
U.S. Preparing Antitrust Probe of Google
May 31st, 2019Via: AFP: The US Department of Justice is preparing an antitrust investigation of Internet titan Google, the Wall Street Journal reported on Friday. The Journal cited unnamed sources close to the matter as saying the department would look into Google practices related to web search and other businesses. Justice department officials share antitrust oversight with […]
Trump to Punish Mexico for Illegal Immigration with Tariffs
May 30th, 2019Via: Reuters: President Donald Trump, incensed by a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting higher until the flow of people ceases. … Higher tariffs will start at 5% on June 10 and increase monthly until […]
Google to Restrict Modern Ad Blocking Chrome Extensions to Enterprise Users
May 29th, 2019Via: 9to5Google: Back in January, Google announced a proposed change to Chrome’s extensions system, called Manifest V3, that would stop current ad blockers from working efficiently. In a response to the overwhelming negative feedback, Google is standing firm on Chrome’s ad blocking changes, sharing that current ad blocking capabilities will be restricted to enterprise users.
California Assembly OKs Health Care for Immigrants in U.S. Illegally
May 29th, 2019It’s as if California fought a war with some external enemy and lost. Except, most Californians didn’t notice. And now… Via: AP: The California Assembly voted Tuesday to extend the state’s Medicaid program to eligible adults who are in the country illegally. Democratic Gov. Gavin Newsom wants to spend about $98 million a year to […]
Buckle Up: A Crash Trigger Has Hit
May 29th, 2019Via: ZeroHedge: The bond market is telling us, that the markets… and the economy… are both in very serious trouble. The difference between the yield on the 3-month Treasury and the 10-year Treasury (called the yield curve) is inverted. What this means is that yield on the 10-Year Treasury is LOWER than the yield on […]
China Gears Up to Weaponize Rare Earths in Trade War
May 29th, 2019Via: Bloomberg: Beijing is gearing up to use its dominance of rare earths to hit back in its deepening trade war with Washington. A flurry of Chinese media reports on Wednesday, including an editorial in the flagship newspaper of the Communist Party, raised the prospect of Beijing cutting exports of the commodities that are critical […]
