Archive for the 'Economy' Category
French Protesters Want to Set Off Bank Run with Withdrawals
January 9th, 2019Via: AP: Activists from a French protest movement encouraged supporters Wednesday to set off a bank run by emptying their accounts, while the government urged citizens to express their discontent in a national debate instead of weekly demonstrations disrupting the streets of Paris. Activists from the yellow vest movement, which started with protests over fuel […]
Kenya Will Start Teaching Chinese to Elementary School Students from 2020
January 9th, 2019Via: Quartz: Kenya will teach Mandarin in classrooms in a bid to improve job competitiveness and facilitate better trade and connection with China. The country’s curriculum development institute (KICD) has said the design and scope of the mandarin syllabus have been completed and will be rolled in out in 2020. Primary school pupils from grade […]
Pro-Vaccine Medical Expert Used by the Federal Government to Debunk the Vaccine-Autism Link, Says Vaccines Can Cause Autism After All
January 9th, 2019Via: Full Measure with Sharyl Attkisson: A special federal vaccine court has paid out billions for injuries from brain damage to death. But not for the form of brain injury we call autism. Now—we have remarkable new information: a respected pro-vaccine medical expert used by the federal government to debunk the vaccine-autism link, says vaccines […]
Apple: People Bought Fewer New iPhones Because They Repaired Their Old Ones
January 3rd, 2019In case you had any doubts about why Apple viciously attacks those who repair iPhones… Via: Vice: Wednesday, Apple CEO Tim Cook wrote a letter to investors alerting them that the company would miss its revenue targets in part because Apple didn’t sell as many iPhones as it expected. The lengthy letter cites, specifically, that […]
Multiple FX Pairs Suddenly Flash Crash, Yields Tumble, Gold Surges
January 3rd, 2019Equities bloodbath resumes after Apple’s revenue warning. Via: ZeroHedge: In what some have suggested is a chained liquidation stemming from the collapse of AAPL shares after-hours, multiple FX pairs are flash-crashing across the globe amid still low liquidity conditions in what appears to have been the unwind of a pair trade where an AAPL long […]
Blackwater Founder Erik Prince To Launch Fund For Electric Car Metals
January 1st, 2019Via: ZeroHedge: Erik Prince, the founder of private security firm Blackwater, plans to raise as much as $500m to capitalize on the rush into metals required for batteries used in electric cars, according to the Financial Times. Flashback: U.S. Identifies Vast Mineral Deposits Worth $1 Trillion in Afghanistan; “The Saudi Arabia of Lithium”
Christmas: Skid Row vs. Beverly Hills
December 25th, 2018In case you’re not familiar with Los Angeles, these two areas are about 12 miles apart.
Top Trump Official Calls Bankers, Will Convene ‘Plunge Protection Team’
December 24th, 2018Via: Reuters: U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.” U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index […]
Musk Says He Will Consider Buying GM Factory in Ohio
December 20th, 2018Via: Electrek: At the suggestion of Ohio Governor John Kasich, Tesla CEO Elon Musk says that he will consider buying a GM factory in Ohio as it’s shut down next year. Last month, GM announced that they are closing 3 assembly factories in North America. In an article, we suggested Tesla should buy one of […]
Bitcoin Break Out
December 19th, 2018Anyone watching it? Via: Bloomberg: Just as the euphoria surrounding Bitcoin was peaking last December, Mark Dow decided to short the leading digital currency. Almost a year to the day, and after a more than 80 percent decline from its record high price, Dow has closed out the trade. “I’m done. I don’t want to […]
