ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 06 08:00

World's top 25 hedge fund bosses take home combined annual earnings of eight BILLION pounds (and that was considered a bad year)

The top 25 hedge fund managers in the world earned a combined £8billion ($12billion) last year with some taking home nearly a billion pounds each in salaries, investments and bonuses.

Incredibly, the huge windfalls were actually seen as a bad year for the financiers, with the combined amount made by the top 25 falling from a total of £14billion ($21billion) the previous year.

May 06 06:49

Who gutted American industry?

May 06 06:21

The Attorney Of Los Angeles Sues Wells

Los Angeles sues Wells Fargo over alleged fraud

Wells Fargo workers utilized clients’ private data to open undesirable financial records and Mastercards in their names, bringing about unforeseen charges and harmed FICO ratings, the city of Los Angeles asserted in a claim documented late Monday.

http://whatisusa.info/the-attorney-of-los-angeles-sues-wells/

May 06 06:20

Wishing for a 4 Day Work Week? It Exists at These Companies

Have you ever found yourself wishing for a 4 day work week? (I know I have!) Well the existence of the 4 day work week is real at some companies.

May 06 05:14

Why the euro-dollar rally won't last:

May 06 01:07

Greece to tax cash withdrawals

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May 05 22:53

Kelloggs Ignores Consumers, Earnings Plunge 44%

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May 05 22:52

Coin Enthusiasts Warn ‘End Of Cash’

May 05 21:15

ATM Tax Hits Greece As Banks Brace For Runs

May 05 19:07

Will superweeds, regulation create a perfect storm in Iowa farmlands?

Let’s unpack what has happened. Farmers’ dissatisfaction with rising costs of herbicide-resistant weeds has been evident since 2008. But another superweed, Palmer amaranth, has now arrived in five Iowa counties. By 2004, this weed was already costing Southern farmers $35-40 an acre to control. Now even more tolerant to herbicides, this amaranth costs as much as $150 per acre to control in some states. But EPA’s decision to constrain glyphosate use is not just focused on Palmer amaranth, because a dozen other superweeds also plague 60 million acres of U.S. croplands. As Iowa State University’s Mike Owen conceded, “Simple and convenient tactics are failing rapidly and farmers must diversify, not just the herbicides they use, but everything.”

In March, the WHO claimed a possible link between glyphosate exposure and non-Hodgkins lymphoma. Conclusive or not, this report will be hotly debated. But what is not debated is that non-Hodgkins rates in the U.S. have doubled since the 1980s. It has become the fifth-leading cause of cancer in the United States. Farmers’ and farmworkers’ exposure to a variety of stresses already affects their health. Since they are the people who feed America, our agricultural workforce must consider whether additional safeguards are needed to avoid potential health risks.

May 05 18:48

University drops action against researcher investigating high cancer rates & link to GM crops (thanks to public support)

University dean who called for sanctions against Dr Medardo Avila Vazquez reported to have signed deal with Monsanto

The National University of Cordoba, Argentina has dropped the administrative sanctions it had planned against a doctor who conducted cancer research in the town of Monte Maiz in the face of huge popular and scientific support for his work.

Dr Medardo Avila Vazquez and his team conducted a survey that found that the incidence of cancer in Monte Maiz was three times the provincial and national average, correlating with exposure to pesticides in the area. The main crops grown are GM soy and maize.

The administrative sanctions against Dr Vazquez were requested by Juan Marcelo Conrero, the dean of the Faculty of Agriculture.

May 05 18:04

Greece's staggering six-year depression

May 05 17:55

Secrecy Defines Trans-Pacific Partnership Deal as Opponents Decry Threat to Jobs

The TPP is dangerous and leaves Americans vulnerable, as it puts cooperation with other nations and the driving bottom line and profits of top corporations well above the interests of American workers here, failing to even give full disclosure to Washington lawmakers.

Thus, it should be clear enough who the agreement seeks to benefit...

May 05 17:53

Polls Show Majority of Americans Want to Tax the Rich

If the younger generation is increasingly in favor of levying heavy taxes on the rich and upper middle class, is America poised to embrace a socialist future?

May 05 16:59

Blogger Ben’s Basically Full Of It

May 05 16:49

Ultra-Secrecy Surrounds Barack Obama’s New Global Economic Treaty Which Would Destroy Thousands Of American Businesses And Millions Of Good Paying American Jobs.

Barack Obama is secretly negotiating a global economic treaty which would destroy thousands of American businesses and millions of good paying American jobs. In other words, it would be the final nail in the coffin for America’s economic infrastructure. Obama knows that if the American people actually knew what was in this treaty that they would be screaming mad, so the negotiations are being done in secret.

May 05 15:17

China Gold Reserves Threaten The U.S. Dollar

Money Morning Staff: The secret stash of China gold reserves we told you about on April 9 may come to light as soon as May, according to a recent Bloomberg report.

“China may be preparing to update its disclosed holdings because policy makers are pressing to add the yuan to the International Monetary Fund’s currency basket, known as the Special Drawing Right, which includes the dollar, euro, yen and British pound,” Bloomberg reported on April 20. “The tally may come before the IMF’s meetings on the SDR next month or in October, Nomura Holdings Inc. said in an April 8 report.”

The big reveal is a concern for the United States – and the future of the U.S. dollar…

Webmaster's Commentary: 

"NUKE 'EM! NUKE 'EM! NUKE 'EM!" -- Official White Horse Souse

May 05 14:51

26 million American adults can’t borrow money

May 05 14:46

The State of Our Nation

The State of Our Nation

22nd Annual Free Public Forum:

Election 2015

and
What’s at Stake?

CBC, Medicare, Canada Post, Pensions, Pharmacare,
the Environment, Education, Jobs, Affordable Housing,
the Economy, National Sovereignty and our Democracy

Tuesday, May 12th, 2015 @ 1:00 pm
Toronto City Hall, Council Chamber
100 Queen Street West @ Nathan Phillips Square

May 05 14:45

Gold Withdrawals From NY Fed Vault Refuse To Stop: 200 Tons Of Gold Repatriated In Past Year

We can officially confirm that the gold redemptions from the world's (allegedly) largest gold vault have continued, and another 10 tons of gold was put on a ship (or plane) in March in an unknown direction. Since Germany and the Netherlands started repatriating a portion of their gold held in Manhattan, some 217 tons of gold has been redeemed starting in February 2014 and just under 200 tons in the past 12 months.

May 05 13:19

Myth or Reality: "Sell In May"

May 05 13:10

Gundlach: Rates have bottomed

May 05 12:03

Detroit to study ways to help the poor pay water bills

While water shutoffs to Detroit households with unpaid bills are expected to resume within weeks, city officials are still trying to figure out the best way to help poor people stay up-to-date on their bills.

Webmaster's Commentary: 

"We could sell the daughters into prostitution, the sons to Blackwater, and the adults could be sold for medical experiments!"

May 05 11:45

Gregory Mannarino - Economy Going Nowhere

In terms of the so-called economic “recovery,” Gregory Mannarino of TradersChoice.net says, “We are going nowhere. We got consumer spending falling off a cliff despite the promise we heard from the mainstream that people were going to be saving cash at the pumps and we were going to be spending it on other things. . . . We got manufacturing falling off a cliff. Exports are falling off a cliff. We’re in decline. There is no doubt about it, and they bare blaming the weather and everything they can think of to try to get people to believe this is a good economy. This is the new norm, and I don’t see how people can believe the nonsense anymore. This is it. The new norm is what we have now. . . . This is a set up for a massive downside move with asset prices.”

May 05 10:48

BILL GROSS: 'This is all ending'!

May 05 10:23

Lafarge And Holcim Have Been Approved By The US Trade Commission To Merge

Bond producers Holcim and Lafarge have stowed US and Canadian antitrust supports to converge, after they consented to strip resources. Holcim said in an announcement: "...All rivalry supports vital for shutting the exchange have now been gotten in front of the normal shutting in July 2015.

http://whatisusa.info/lafarge-and-holcim-have-been-approved-by-the-us-...

May 05 10:10

The Government Declared War On The Largest Drug Cartels In Mexico

Mexico has pronounced a hard and fast hostile against the moderately new medication cartel which gave down an armed force helicopter amid a weekend of facilitated assaults over the western condition of Jalisco which provoked new concerns over the most recent heightening of the nation's medication wars.

May 05 09:59

MSN Money: Gold Could hit $9,000- $12,000 an Ounce in a currency reset

In an under-noticed article on corporate media website MSN Money last week, the outlet ran an editorial claiming that the price of gold could reach $12,000 an ounce in the case of an IMF currency reset.
The column also notes "Certainly the global central banks seem to be able to do little to help, though it might be a whole lot worse without them."

May 05 09:25

No to ‘Fast Track,’ No to Trade Treachery

May 05 09:17

Oh my God. Mortgage rates hitting 4%

May 05 08:25

Donetsk Republic Nationalizes Banks, Draws Ire Of NATO and World Banking Cartel

By Brandon Turbeville

In a tiny corner of Eastern Europe, a fledgling Republic struggling with the day-to-day hurdles of warfare and shaky ceasefires, has succeeded in doing what has long been overdue in the most powerful nation on the face of the earth – it has nationalized its out-of-control banks and put them to use for the good of the people...

May 05 08:09

IRS seizes rural convenience store owner’s career savings in another horrible abuse of civil forfeiture

“Your client needs to resolve this or litigate it,” Mr. West wrote. “But publicity about it doesn’t help. It just ratchets up feelings in the agency.” He concluded with a settlement offer in which the government would keep half the money.

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