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FRANKFURT, July 26 (Reuters) – European central banks have ditched a 20-year-old agreement to coordinate their gold sales, saying they have no plan to sell large amounts of the metal, the European Central Bank said on Friday. https://www.reuters.com/article/europe-cenbank-gold/europes-central-banks-ditch-20-year-old-gold-sales-agreement-idUSL8N24R4QU
via epi.org: The Bureau of Economic Analysis (BEA) announced today that gross domestic product (GDP), the widest measure U.S. economic activity, grew at a 2.1 percent annualized rate in the second quarter of this year, down from the 3.1 percent rate of the first quarter. Compared to the first six months of 2018, the economy in … Read more
The House has passed a bill aimed at fixing some pensions that are endanger of outright failure. Yahoo Finance’s Jessica Smith has details. She joins Julie Hyman and Adam Shapiro. https://news.yahoo.com/house-passes-bill-prop-pensions-174018395.html
via MarketWatch: Deutsche Bank created over the years a whopping $53.5 trillion (€48 trillion) book of derivatives contracts that it now is seeking to unload, but experts say getting rid of those assets is no easy task. The plan, as part of Deutsche Bank’s DBK, +0.17% biggest restructuring in decades, is to see its derivatives and other unwanted … Read more
Job Creators Network member Kelly Brozyna, who’s spent 25 years advocating on behalf of small business owners and their employees, testified at a hearing of the House Ways and Means Committee Thursday and warned that the Democrats’ Social Security 2100 Act would dramatically increase the payroll tax and devastate job creation. “This proposal would raise … Read more
Josh Sigurdson talks with author and researcher Doug Casey about the fall of the US dollar among other fiat currencies throughout the world. Doug Casey has been educating people on currency for many decades and has repeatedly been proven right. He believes in the absolute freedom of the individual and the idea of truly free … Read more
via commentarymagazine: Bernie Sanders has been embarrassed by the revelation that he wasn’t paying his campaign workers the minimum wage he so loudly demands that every other employer pay. These are salaried employees, not hourly wage workers, so he has now solved the problem–not by raising their pay, but by the simple expedient of cutting their hours, just … Read more
What if the counterculture becomes the culture? Then anti-woke comics start to sound like the counter-counterculture. Three years ago, before his ritual public shaming, [Aziz] Ansari was writing pieces like “Why Trump Makes Me Scared for My Family” for the New York Times, foreseeing an outbreak of Islamophobia. As it turns out, the abuse heaped on … Read more
“The parallels between Johnson and President Donald John Trump are many because the situation is the same on both sides of the pond. The establishment failed us with their globalist nonsense in which we are to surrender our sovereignty to some international cabal of bureaucrats who never consider the consequences of their daft decisions. Jefferson … Read more
Amazon IncOpens a New Window.. workers at a delivery facility in Chicago are accusing the company of not paying them for overtime during Prime Week, the e-commerce behemoth’s biggest sale of the year, earlier this month. The employees, part of a recently formed organization called DCH1 Amazonians United that advocates for workers’ rights, said they … Read more
Reuters, CBS Run With Misleading Headline About Migrant Mother, Mexican Border Guard. Both CBS and Reuters ran a photo of a Guatemalan migrant mother and a Mexican border guard, including a headline that didn’t quite tell the whole story. Reuters published the photo with the headline, “Reuters photo captures Guatemalan mother begging soldier to let … Read more
While paying online, my Citi Double Cash card alerted me that many major benefits will soon be dropped. Just wanted to pass this along and inquire if other cards people use have given notification of similar cuts. ” Effective September 22, 2019, Worldwide Car Rental Insurance, Trip Cancellation & Interruption Protection, Worldwide Travel Accident … Read more
via NPR: Protesters in Hong Kong defied orders to not demonstrate on Saturday, gathering to denounce the police and government in an area where pro-democracy activists were attacked last weekend. Protesters swarmed a major road in the district of Yuen Long clutching umbrellas to shield themselves from police cameras and tear gas that was later … Read more
Residents of Baltimore’s poorest boroughs have lifespans shorter than people living under dictatorship in North Korea. That is a disgrace. — Sen. Bernie Sanders (@SenSanders) May 5, 2016 Baltimore Mayor Bernard “Jack” Young (D) blasted President Trump‘s comments about his city and Rep. Elijah Cummings (D-Md.) on Saturday, calling the president a “disappointment to the people of Baltimore.” … Read more
By Nick Cunningham Faced with an economic slowdown, the European Central Bank indicated on Thursday that it was planning for an interest rate cut for the first time in more than three years. U.S. equities sold off on the news. The ECB also hinted that it may restart large-scale asset purchases later this year, hoping … Read more
Most of the 39,000 customers who lost electricity in a power failure in Washington on Saturday had their service restored after about four hours, officials said. As of 6:30 p.m., 5,500 customers were still without power, according to Potomac Electric Power Company. Frank Tedesco, a spokesman for the company, attributed the failure to an issue … Read more
Senate Majority Leader Mitch McConnell squashed two bills intended to ensure voting security on Thursday, just one day after former special counsel Robert Mueller warned that Russians were attempting to sabotage the 2020 presidential elections “as we sit here.” McConnell said he wouldn’t allow a vote on the bills because they were “so partisan,” but, … Read more
South Korean chipmaker SK Hynix reported its smallest quarterly earnings in three years on Thursday as slumping memory prices drove an 89% drop in second-quarter operating profit. The world’s second-largest memory chip maker behind Samsung Electronics said April-June profit was 638 billion won ($541.9 million), missing a 828 billion won Refinitiv SmartEstimate. To cope with the slowing chip market, the company … Read more
via seekingalpha: Summary Global debt is officially $184 trillion, which is 225% of global GDP. This is $86,000 for every person in the world, which is 2.5 times annual income. We estimate that official figures are understated by a factor of 2.5, so debt is actually $460 trillion, which is 560% of GDP and $215,000 per … Read more
