Month: September 2019

via cbslocal: PITTSBURGH (KDKA)– One minute, their paychecks were deposited into their bank accounts. The next minute, they were gone. The sudden closure of a New York-based payroll processing firm is affecting companies and employees across the country. At Liken Home Care in Forest Hills, the company president took immediate action to get his workers paid, … Read more

via washingtonexaminer: Two years, six broken ribs, several bouts of pneumonia, and one hernia surgery later, Rand Paul might finally get the justice he deserves. In 2017, the Kentucky Republican was attacked by a neighbor while mowing his lawn. He ended up in the hospital and has been in and out several times since. Recently, Paul … Read more

Workers are quitting their jobs at record rates, thanks to a tight labor market and high confidence that moving on will also mean moving up, particularly in pay. Besides leaving in search of more money, recent job-quitters have also cited toxic work environments and limited room for growth as major reasons for putting in their notice. For employers, … Read more

via techdirt: There’s nothing about American policing that police unions can’t make worse. A powerful obstacle standing in the way of accountability and transparency, police unions ensure Americans remain underserved by their public servants. Police unions have defended such things as tossing flashbang grenades into rooms containing infants and the elimination of drug testing for officers. They’ve repeatedly tried … Read more

Baby monitors have come a long way. Where once parents were alerted to their baby’s cries by a radio-like crackle, today’s designs incorporate everything from video and motion sensors to temperature gauges. Now Google is considering technology that could use artificial intelligence to keep your child safe. The internet search giant has worked on a … Read more

by Martin Armstrong https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2019/08/Bloom-UKIP-on-Banking.mp4 A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending. The US banks survived and have … Read more

by VCUBNFO   From the WSJ. The bill already passed the State Assembly 59-15 and is expected to be voted on in the state Senate before the legislative session ends on Friday, possibly as soon as Monday night. … The companies have argued the bill would introduce new costs and logistical challenges that would be bad … Read more

“Obviously, you’ve got to worry about the long term effect of those interest rates,” Dimon said. Dimon, chairman and CEO of J.P. Morgan, admitted that the drop in U.S. interest rates surprised him. The bank can trim costs and charge clients more account fees to make up for squeezed margins as rates fall, Dimon said … Read more

I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many of his suggestions, as did others in the Administration, and therefore…. — Donald J. Trump (@realDonaldTrump) September 10, 2019 I offered to resign last night and President Trump said, "Let's talk about it … Read more

by dleonard1122 I’m embarrassed but figure I should post this to hopefully help someone else out. This afternoon I was watching football and got a text message from Chase. FreeMsg: Chase Sapphire Fraud Dept. Did you attempt $887.60 at Walmart Super Center BAL  with card xXXXX? Reply YES or NO.To Opt Out reply STOP I’ve gotten … Read more

by ComicalEconomical At the onset of 2008, Ben Bernanke said the Fed was not looking for a recession. Later that year, Q4’08 GDP delivered a -2.8% print. Just last Friday, Jerome Powell said the Fed is not forecasting a recession. Obviously the Fed never forecasts a recession. But them saying they don’t expect a recession to happen … Read more

by SFWonlyInvest The idea is companies can borrow at near-zero interest rates (because safe government bonds are negative yielding), they are inclined to borrow a lot while simultaneously returning money to shareholders. Those shareholders, seeing such low bond yields, will invest that money into other equities.The flaw in this theory is that it doesn’t account … Read more

by damien008 WeWork is now the largest owner of property globally. 80% of all people live in a WeHome. Operating losses run at three times revenues. Softbank keeps funding the losses with up-rounds in order to mark-up its own book. There are now hundreds of public hold-cos with fully controlled VC deals participating in similar … Read more

by etienner The case against a 100% S&P 500 ETF portfolio A lot of investors have a 100% S&P 500 portfolio, especially in the United States. Over the long-term, a simple portfolio like the one mentioned above performed greatly over the past 50 years. However, I think it is possible for investors to have a … Read more

via WSJ: Beneath China’s stable headline numbers, there is a growing belief that the real picture is much worse By Mike Bird and Lucy Craymer Sept. 8, 2019 12:29 pm ET In the second quarter of this year, official Chinese data showed economic growth of 6.2%, close to Beijing’s target and within a percentage point … Read more

by atc2017 I’ve created a dashboard which shows the (rolling) average of headlines mentioning ‘recession’ as percentage of total headlines in the dataset. Since this gave some interesting results I decided to add more terms (eg TRUMP, TENSION or headlines with negative or positive connotation), in order to see how they compare the sp500. You … Read more

via freebeacon: A “dark money” group that was established to push back against the judicial nominations of President Donald Trump, and which was at the forefront of the battle against Justice Brett Kavanaugh and continues to go after him to this day, was heavily financed by liberal billionaire George Soros around the time of its inception, … Read more