Month: March 2019

Amazon (owner of Whole Foods) raises wage to $15, and immediately slashes employee’s hours to compensate, precisely as predicted by every person who knows anything about economics ever.

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via theguardian: An email shared with the Guardian by a Whole Foods employee cites the shift cuts as a ‘direct result of guidance from our regional team’ In response to public pressure and increasing scrutiny over the pay of its warehouse workers, Amazon enacted a $15 minimum wage for all its employees on 1 November, including … Read more

There’s a reason Trumps’ approval is rising; his opponents don’t look like an organized foe but rather a bunch of infighting warlords

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Ilhan Omars’ Remarks Deepening the Democratic Party Schism at the Worst Possible Time http://archive.is/0SONl House Democrats erupted in fury Wednesday, challenging leaders over indirectly sanctioning freshman Rep. Ilhan Omar for alleged anti-Semitic remarks amid an outcry over party inaction to President Trump’s divisive comments on race. In a closed-door session, Democrats protested plans to vote … Read more

Fast Food Danger

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https://www.youtube.com/watch?v=zVVY5pbSFQk   Yep fast food and supermarket food.. I won’t eat anything I can’t read the label on. That includes restaurants. Golden Corral for instance does not allow any of their franchises to have real butter anywhere on premises. That says a lot about their food ingredients. Canola oil is rebranded Canadian oil which is … Read more

Sean Hannity: Radical Communists have taken over the Democratic Party and Pelosi fears them… Dems won’t let Fox News host primary debate

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Watch the latest video at foxnews.com The 2020 presidential election is officially gearing up and the Democratic Party is imploding. Radical, extreme far-left socialists have now taken over. And any Democrat who doesn’t fall in line and support this their left-wing vision will get thrown down to the curb by Rep Alexandria Ocasio-Cortez, D-NY. All of America needs to … Read more

Russiagate Grand Wizard Deceives Audience About Assange

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by Caitlin Johnstone When it was first revealed in November that WikiLeaks founder Julian Assange is under secret charges by the Trump administration, I spent the next few days being told by Russiagaters that this was proof that I have been wrong about their demented cold war cult all along, because #MuellerTime is fast approaching. At long last, they vehemently … Read more

British billionaires rush to world’s top tax havens… ‘Nearly a third’ hiding cash

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via YAHOO: Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing allegations of Britain’s ultra-rich hiding billions of pounds from the UK Treasury in … Read more

The Coming Volatility Explosion

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By Lance Gaitan Some of those shutdown-delayed economic reports are finally coming in. The Census Bureau and the Bureau of Economic Analysis (BEA) should have most economic reports updated by the end of April. Last Friday, the BEA released the December Personal Income figures. With that, there’s some good news and some bad news… Spending … Read more

China chat log leak shows scope of surveillance; Warnings against ‘erroneous thoughts’; Beijing set to build deep sea AI Atlantis

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China chat log leak shows scope of surveillance A leak of around 364 million online records in a Chinese database, including private messages and ID numbers, has again highlighted the size and scope of Beijing’s mass surveillance system. The files show a wealth of information linked to online accounts, including GPS locations, file transfers, and … Read more

Good Lordy, What a Banner Year 2018 was for China, Other Countries, and Corporate America

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Trade goes out-of-whack as Corporate America searches for cheap labor & tax benefits. Exports increase economic activity as measured by GDP; and imports do the opposite, they reduce GDP though they tend to increase corporate profits — or else why would Corporate America run its supply chains around the world? So … Read more

Tesla Falls from Grace with Americans, Facebook Plunges to the Ignominious Level of Goldman, Wells Fargo, Sears

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But the US government got them all beat. Tesla and its CEO Elon Musk had a magic touch when it came to marketing. Walking on water was just a low-level activity. Tesla was able to create enormous pent-up demand for its Model 3, long before it ever entered much delayed production, … Read more

Trade Isn’t China’s Only Worry

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by Charles Hugh-Smith Trade is only one manifestation of much deeper economic insecurities and imbalances. China’s enormous successes–raising hundreds of millions out of poverty, landing a rover on the dark side of the moon, etc.–are well known. Less appreciated is China’s increasing vulnerability to financial instability arising from asymmetries that cannot be resolved by tweaking trade … Read more

Deadbeat Nation: 37 Million Credit Card Accounts In The U.S. Are “Seriously Delinquent” Right Now

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by Michael Snyder Is the consumer debt bubble finally starting to burst?  If the latest numbers on delinquent credit card accounts are any indication, that appears to be precisely what is happening.  As I noted the other day, Americans currently have 480 million credit cards, and they are carrying 870 billion dollars worth of balances on those cards.  … Read more

AOC Was Just RIPPED APART By Kat Timpf In HILARIOUS, MUST WATCH Rant

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Amanda Prestigiacomo from The Daily Wire reports, On Saturday night, National Review writer and podcast host Katherine Timpf ripped into media darling Rep. Alexandria Ocasio-Cortez (D-NY) for the socialist’s widely criticized Green New Deal, which Timpf categorized as evidence that Ocasio-Cortez has completely “lost her marbles” and is “living in banana land.” https://www.youtube.com/watch?v=vnQkqoULdmg Read More/Source/Credit/FairUse: … Read more

Decentralized Finance: An Emerging Alternative to the Global Financial System

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via visualcapitalist: The global financial system has created massive wealth, but its centralized nature means the spoils have gone to the people who are best connected to the financial centers of the world. As global inequality continues to rise, how can wealth building tools become more accessible to the rest of the global population? Luckily, technological developments and … Read more

What Makes Americans Take Out Personal Loans?

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by howmuch Personal loans are an increasingly popular product, and people are using them to either consolidate some other type of debt, cover an emergency or fuel irresponsible consumption. That’s according to an in-depth study from LendingTree, which looked at anonymized data from customers in 2018. The study is packed with lots of great insights about … Read more