Alan Greenspan says it’s ‘only a matter of time’ before negative rates spread to the US “You’re seeing it pretty much throughout the world. It’s only a matter of time before it’s more in the United States,” Alan Greenspan says. There is currently more than $16 trillion in negative yielding debt around the world as … Read more
Google’s YouTube to pay $170 million penalty for collecting data on kids WASHINGTON (Reuters) – Google, which is owned by Alphabet Inc (GOOGL.O), and its YouTube video service will pay $170 million to settle allegations that it broke federal law by collecting personal information about children, the Federal Trade Commission said on Wednesday. YouTube had … Read more
Forget the titanium Apple Card — Amazon’s latest payment method uses flesh and blood. The e-tailing giant’s engineers are quietly testing scanners that can identify an individual human hand as a way to ring up a store purchase, with the goal of rolling them out at its Whole Foods supermarket chain in the coming months, … Read more
Between the traffic and the expenses associated with having a car, driving is a necessary hassle for many people. A recent study confirmed what many in New Jersey and New York hold to be true – driving is a major headache. WalletHub took a look at the 100 largest cities in the country across 30 … Read more
Rep. Bill Flores becomes 15th House Republican to announce plans to exit chamber WASHINGTON – Rep. Bill Flores, R-Texas, on Wednesday became the latest House Republican to announce plans to retire at the end of his current term, saying he wants to spend more time with his family and resume private-sector business activities. “After much … Read more
TRUMP ADMINISTRATION CONSIDERING SOCIAL CREDIT SCORE SYSTEM TO DETERMINE WHO CAN BUY A GUN White House considers new project seeking links between mental health and violent behavior https://t.co/EhrsWcgfyw — The Washington Post (@washingtonpost) August 22, 2019 The Trump administration is considering launching a social credit score-style system in coordination with Big Tech that would use … Read more
via tomluongo: Germany held the first two of three important state elections over the weekend. And the results were striking. Leading up to the elections polls had the current opposition party in the Bundestag, Alternative for Germany (AfD), neck and neck with the ruling parties in both Saxony and Brandenburg. Chancellor Angela Merkel’s ruling coalition was battered … Read more
by Martin Armstrong IRS: Hello; This is the IRS helpline. What is your problem? Obviously, you owe us money or you would not be calling. CITIZEN: Can you explain why I owe you money? IRS: Its called taxes. CITIZEN: Well how much do I owe? IRS: That is your job to figure it out. CITIZEN: … Read more
by damien008 Ever wondered how Zillow/Trulia works? Its a simple website aggregator that gets 95% of its data from the local MLS (Multiple Listing Service Listings) and rest from direct postings. They sell overpriced ads that most agents do buy because they simply dont work and have crappy ROI. They basically sell ads to the … Read more
by soup_nazi1 I thought this was a really good article by Forbes about Beyond Meat. Main points: La Croix was a cultural phenomenon a few years ago and its parent company’s stock FIZZ shot up 550%. Coke, Pepsi, etc. released their own competing sparkling water products. Today, FIZZ trades at 60% of its high in … Read more
CNBC, Released on 9/4/19 Sam Zell is an American businessman. He is chairman of Equity Group Investments (EGI), a private investment firm he founded in the 1960s. The firm’s equity interests are often in asset-intensive industries such as real estate, energy, logistics, transportation, media, and health care. EGI’s holdings also include fixed-income investments in public … Read more
by econimica Summary The age segments that make up the working age population are at levels typically associated with full employment. The primary source of workforce slack over the past 50 years, females, are now experiencing declining percentages of employment. With minimal working age population growth, full employment, no further female labor force slack; there is … Read more
by Claudio Grass via Claudiograss.ch The past few months have been an exciting time for gold investors, as the precious metal has seen a spike in demand after serious economic concerns and geopolitical tensions unsettled the markets. Many mainstream analysts have pointed to a number of recent events, from the US-China trade war escalations to the inverted yield … Read more
Today’s guest, Harley Schlanger, sits down with Mike Manwell to share his thoughts on the U.S economy. Harley listed several reasons as to why he believes the US economy is heading off the cliff. During our discussion he shares his thoughts on how President Trump could turn the economy around and thwart the plans of the banking cartel. … Read more
https://www.youtube.com/watch?v=E-6m5_m06I8 “Brain data is the ultimate refuge of privacy. When that goes, everything goes.”
via Zerohedge: Now that trade war with China has escalated substantially yet again following a weekend in which both the US and China hiked the tariff rate on billions of imports, Deutsche Bank is revisiting how China’s stance towards the trade war has evolved over the past 1½ years, and how it may change in … Read more
New York (CNN Business)Despite instituting a more stringent policy around hateful content in June, YouTube has been criticized for doing too little and not providing enough transparency. In a blog post on Tuesday, YouTube said it had removed more than 100,000 videos and over 17,000 channels for violating its hate speech rules in April through … Read more
by printingious I went over to r/HongKong to see how actual HKers are reacting to Carrie Lam promising to withdraw the extradition bill. Turns out they are very skeptical. Key points: She hasn’t actually withdrawn it; just promised to propose withdrawing it the next time their legislative body reconvenes in October She is rejecting the protestors’ … Read more
