General Electric Fires John Flannery as CEO, takes $23 billion non-cash charge for Power business problems and withdraws guidance. Lawrence Culp takes Over as Chairman and CEO

General Electric abruptly removes John Flannery as chairman and CEO and installs former Danaher CEO Lawrence Culp as his successor. The board had grown frustrated with the slow pace of change under Flannery, sources familiar with the issue say. GE …

READ MORE

The Next Financial Crisis – FEDFUNDSRATE HIGHEST SINCE 2008, EMERGING MARKET DEBT CRISIS, CORPORATE INSIDERS DUMPING STOCK AT HIGHEST RATE SINCE……2008, PENDING HOME SALES ARE COLLAPSING

via @OccupyWisdom: https://twitter.com/OccupyWisdom/status/1046595330131861504 https://twitter.com/OccupyWisdom/status/1046595336045826048 https://twitter.com/OccupyWisdom/status/1046595342790250496 https://twitter.com/OccupyWisdom/status/1046595349417271296 https://twitter.com/OccupyWisdom/status/1046595368841093120 https://twitter.com/OccupyWisdom/status/1046595385865785345 Bonus: Your Central Bank Can’t Save You Next Time Bloomberg–7 hours ago Unless there can be an adult conversation in America over negative interest rates — the counterintuitive idea of borrowers getting paid and savers …

READ MORE

The Labor Shortage Is Real

by Charles Hugh-Smith Few conventional-media commentators are willing or able to discuss these factors in the labor shortage / declining participation trends. Is there a labor shortage in the U.S.? Employers are shouting “yes.” Economists keep looking for wage increases as …

READ MORE

Now is the Time to Buy Gold Says Barron’

From Birch Gold Group This week, Your News to Know brings you the latest stories involving precious metals. Stories include: Barron’s says it’s time to buy gold, Bank of America sees gold soaring above $1,300, and Indonesians snap up gold as currency and …

READ MORE