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(Bloomberg) — Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency. Wanda, which bought AMC in 2012 for $2.6 billion, cut … Read more
Democrats are trying to take control and micromanage every city, every county, and every state in this country. pic.twitter.com/ZTx0JIXeQk — Sen. Marsha Blackburn (@MarshaBlackburn) March 15, 2021
by LiteBulb88 Since it’s been asked about quite a bit here, the IRS has released guidance on how to handle the $10,200 unemployment exclusion: https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation The basic idea is that you’ll put in your unemployment amount on schedule 1, line 7 as usual, then on line 8 (“other income”) you’ll put in (10,200), with the … Read more
Right now, all U.S. financial cans are being kicked down the road. One tipping point is that debt is putting real pressure on the economy. They keep saying the U.S. fiscal picture will improve at some point, but when? We’ve been waiting an awful long time.
Short Sellers Boost Bets Against SPACs SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motorshttps://t.co/vqSd7t1g7Z #lbo #HF #PrivateEquity #pe #mergers #acquisition #deals @ennovance #Hedgefunds https://t.co/azzsNSVX7q pic.twitter.com/msGCjyjdey — Mo Hossain (@MoHossain) March 15, 2021 https://twitter.com/RetirementRight/status/1371344830433955842 https://twitter.com/macro_daily/status/1371335902803464198
Authored by Daniel Lacalle, How can a a small rise in bond yields scare policymakers so much? Ned Davis Research estimates that a 2% yield in the US 10-year bond could lead the Nasdaq to fall 20%, and with it the entire stock market globally. A 2% yield can cause such disruption? How did we … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How the expansion of money supply is boosting gold’s allure, an overview of last year’s precious metals imports to the U.S., and U.S. Mint releases final batch of American Gold Eagle coins … Read more
by Martin Armstrong Trump’s former lawyer Michael Cohen is a classic example of why someone like him will do anything to save his skin. The indictment process is a joke. The prosecutor can indict a ham sandwich. There is no defense allowed and whatever he tells the grand jury is secret. Indictments really do not … Read more
by confoundedinterest17 Gold and silver rose on Monday morning while cryptocurrencies Bitcoin and Ethereum fell. Cryptocurrencies (top 5) have exceeded $1 trillion. To be sure, big taxes on cryptocurrencies are on the radar as The Federal Reserve tries to kill competition for the US dollar. Although The Fed has already destroyed the purchasing power of the … Read more
Taiwan China relations are heating up as China bans imports of Taiwan pineapples. But that’s created a worldwide backlash.
Kids detained at the border not able to shower for days (CNN) — Lawyers from the National Center for Youth Law say children haven’t been able to shower or call their parents. The team interviewed a dozen children in the government-run tent facility last week. The border patrol blocked the group from touring the facility. … Read more
More California Cities Experiment With “Hero Pay” Leading To Predictable Results Back in early February, we looked at a story out of Long Beach, California where the City Council passed an ordinance requiring large, chain grocery stores to provide workers with an extra four dollars per hour as “hero pay” during the pandemic. That immediately resulted in … Read more
https://t.co/wIsnrO6uJw — davis (@davidfranczak1) March 14, 2021
China’s capital city woke up to yellow skies on Monday as the biggest sandstorm the country has seen in a decade swept through the city, sparking new health fears. The thick brown dust shrouded Beijing‘s iconic landmarks, including the Forbidden City, and downtown skyscrapers at times disappeared from the view, enveloped by clouds of sand. The … Read more
YANGON, Myanmar — Myanmar’s ruling junta has declared martial law in parts of the country’s largest city as security forces killed more protesters in an increasingly lethal crackdown on resistance to last month’s military coup. At least 38 people were killed Sunday and dozens were injured in one of the deadliest days of the crackdown, according to … Read more
https://www.youtube.com/watch?v=zHm0RXYzSpo John Hanson from The Political Insider reports, On Wednesday, former President Donald Trump issued an official press release urging college and professional football legend Herschel Walker to consider a Georgia run for the United States Senate. Read More/Source/Credit/FairUse: https://thepoliticalinsider.com/trump-issues-statement-wouldnt-it-be-fantastic-if-the-legendary-herschel-walker-ran-for-the-u-s-senate/?utm_source=home-headline-stories
A Chicago suburb is slated to become the first American city to offer reparations to their black residents. But now some activists are saying the city’s plans do not go far enough to pay for past racial transgressions. What is the background? Evanston, Illinois, a city about 12 miles north of downtown Chicago, approved a … Read more
https://www.youtube.com/watch?v=mOhUfNf-HfY Mike LaChance from American Lookout reports, A few weeks ago, Kamala Harris handled some phone calls rather than Joe Biden. This raised a few eyebrows because that’s the sort of thing the president is supposed to do, not the VP. Read More/Source/Credit/FairUse: https://americanlookout.com/kamala-harris-handles-another-phone-call-from-a-world-leader-instead-of-joe-biden/
https://www.youtube.com/watch?v=mK1QKxhFtC4 Hank Berrein from The Daily Wire reports, Speaking on Fox News’ “Hannity” on Tuesday night, South Carolina Republican Sen. Lindsey Graham blasted the Biden administration regarding the crisis of an overflow of illegal immigrants at the southern border of the United States and posed some questions for White House Press Secretary Jen Psaki that … Read more
