By Harry Dent I just got back from Australia… A five-city tour: Sydney, Perth, Melbourne, Adelaide, Brisbane… I was gone for 11 days… eight on the ground. And man! What a trip. Never mind the endless travelling or the horrific jetlag… This was one of my best tours yet; and a particularly unusual one because … Read more
NYT: GE, Tesla, Snapchat, under accounting investigations Companies that lag their peers sometimes cut accounting corners to make themselves appear stronger than they really are. But is the risk of getting caught worth it? The recent news that the Justice Department and Securities and Exchange Commission are looking at the accounting and disclosures of General … Read more
by Dennis Miller The Federal Reserve is raising interest rates. Higher rates = higher monthly payments = more defaults. Who will get stuck with bad loans? Wolf Street recently interviewed Mike Jackson, CEO of AutoNation, the largest auto retailer in the country: “We knew ‘free money would inevitably end. Affordability would become an issue…’ The double whammy are … Read more
via CNBC: In recent months, the benchmark fed funds rate has drifted in line with the interest on excess reserves, which the Fed uses as a guidepost for the funds level. Fed Chairman Jerome Powell said the committee may have to approve a 20 basis point hike in the IOER rate to try to hold … Read more
by Thinker My friends we may see justice soon. Emily Birnbaum for the Hill reports, President Trump on Wednesday morning shared an image calling for his opponents to face trial for “treason,” with many of them behind bars. THEY FAKED”EVERYTHIN!” JUST LIKE TRUMP HAS BEEN SAYING! https://youtu.be/ZacYZ_U4j3Y “You Are Just A TV Guy!” Fmr. Security … Read more
If you’ve never heard of this group, that’s probably because it appears to be another left-wing hit-and-run smear machine. This one is aimed at the Alliance Defending Freedom (ADF), the evangelical legal defense group that has won nine Supreme Court cases in its work on behalf of the First Amendment. The most recent of those … Read more
by Kenneth Boyd of CPA Accounting Institute for Success It’s no secret that tax law in the United States is extremely confusing. Even the length of the official tax code is subject to wild speculation; people estimate it to be somewhere between 2,500 pages and four times the length of the complete written works of Shakespeare. … Read more
Three Senior Executives at Defense Contracting Firms Charged with Scheme to Defraud the U.S. Military in Connection with $8 Billion Troop Supply Contract and with Violating the Iran Sanctions Regime “Three men were charged in an indictment returned Nov. 27 for their roles in a scheme to defraud U.S. Military contracts in Afghanistan, engaging in … Read more
Honeywell International, Inc. confirmed Friday it is moving its corporate headquarters from Morris Plains to Charlotte, North Carolina, but that most jobs — at least for now — will remain in New Jersey. The planned relocation comes just three years after the company received a $40 million tax credit to keep its headquarters in New Jersey, in … Read more
by Fabius Maximus Summary: By now most Americans see the need for drastic political reform in America. This post explains why nothing happens (the usual stories are wrong), and how we can take the first step to fixing the Republic. It’s not what you expect. “If ye love wealth better than liberty, the tranquility of servitude … Read more