Patisserie Valerie warns it is on the brink of collapse after the firm uncovered “significant, and potentially fraudulent, accounting irregularities”.

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The owner of Patisserie Valerie has said the cafe chain needs “an immediate injection of capital” to continue trading in its current form. The stark statement to investors comes after the firm uncovered “significant, and potentially fraudulent, accounting irregularities”. It also belatedly discovered HMRC filed a winding-up petition against one of its principal subsidiaries in … Read more

3 reasons that it is a much worse idea to borrow to invest than to invest rather than pay down a mortgage

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by mormengil Reasons are: Margin loans, unlike mortgages, are not fixed in duration, are not fixed in interest rate, are secured on assets at a certain market value (or range) rather than secured on an asset disregarding it’s future fluctuations in market value. The stock market is much more volatile than the housing market. So prices … Read more

A story of how I just got out of paying a $1500 bill, why you should NEVER blindly trust a Debt collection agency, and ALWAYS request proof of a Debt owed.

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by PayLayHAYL_NO I got a call out of the blue a little over a month ago from a debt collection agency, saying I owed almost $1500 from an ambulance ride I took because of me being involved in a car accident OVER 2 YEARS AGO. While on the phone with the debt collector, I looked … Read more

Treasury issues new rules on foreign deals involving U.S. technology

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Treasury officials Wednesday issued new rules requiring all foreign investors in certain deals involving critical U.S. technology to submit to national security reviews or face fines as high as the value of their proposed transactions. The new regulations, which implement a recently passed law to tighten foreign investment reviews, are more expansive than some had … Read more

Some companies might be rated junk already if not for leniency from credit raters

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by COMPUTER1313 April 25, 2018: https://www.bloomberg.com/news/articles/2018-04-25/a-3-trillion-credit-market-has-corporate-bond-investors-on-edge The high-grade bond market in the U.S. already has the lowest credit quality mix since the 1980s, according to CreditSights, and there are signs investors are getting nervous. A Bloomberg Barclays gauge of average corporate bond spreads has surged to a six-month high since since reaching an all-time low in … Read more

October Horror On Wall Street: Investors Nervously Watch To See If The S&P 500 Will Bounce Back Above Its 200-Day Moving Average

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by Michael Snyder Is this going to be another October to remember for Wall Street?  As I have explained previously, the month of October has historically been the worst month by far for the U.S. stock market, and it has also been the month when our most famous stock market crashes have taken place. The stock market … Read more

Trump Is Right: The Federal Reserve Is Crazy And Here Are 101 Reasons Why It Should Be Shut Down

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by Michael Snyder Donald Trump just made one of the most brilliant moves of his entire presidency.  By accusing the Federal Reserve of “going loco”, he is placing the blame for the coming stock market crash and horrifying economic downturn squarely where it belongs, and he is firing up millions of true conservatives among his base … Read more

Facebook bans Free Thought Project, Press For Truth and The Anti-Media!

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by delelles @TFTPROJECT: Facebook has unpublished our page After 5 years of building fans Facebook has officially unpublished our page (3.1 million fans) so we can’t post on it anymore. This is truly an outrage and we are devastated. We will do everything we can to recover our page and fight back. SOURCE: https://twitter.com/TFTPROJECT/status/1050456314093002752 @DanDicksPFT: I’ve been memory holed … Read more

Swamp Being Drained, Hint Of A Time Line

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RR will not hand over the subpoenas and will not testify in front of congress. Judicial Watch has court date to get the emails from the Clinton server. US arrests a Chinese spy has been stealing the US secrets. Israel tells Russia they want the Golan Heights. Coalition forces (deep state) is sending military equipment … Read more

Even If Trump’s Tariffs Are Effective, There’s One Reason They Won’t Work

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BY PATRICK WATSON Trade policy is not a popular or well-understood topic among Americans. It’s even less so among younger Americans. Until now… maybe. I’ve recently visited the Texas Tribune Festival in Austin. There, Senator Amy Klobuchar (D-Minnesota) said something that made my ears perk up. She was talking about her visits to high schools around … Read more

Styx Explains Trump’s Genius Plan to Cause the Democrat Party to Self-Destruct and Implode

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So, political intimidation: https://tinyurl.com/ybcedspk Sen. Lindsey Graham: ‘Going Low Is A Step Up For’ The Democratic Party Because They’re ‘In The Gutter’ Flashback: BREAKING VIDEO: ‘UNHINGED’: RNC Releases Campaign Ad Slamming The Political Left The Left in 2018: Unhinged Michael Savage: Left’s ‘Orchestrated Mass Hysteria’ Over Trump Must Be Stopped Domestically, Savage says that in … Read more

Most Economists and Market Pundits In De-nile – Walk Like an Egyptian

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by Jesse “No regulatory penalties, no criminal indictments for fraud, no clawbacks, no prohibitions of bonuses at least during early phase of financial market recovery, all of this sticks in my mind as unjustifiable— and imprudent, as it taught a lasting lesson that bankers had immunity.” Dr. Harald Malmgren “At the recent market peak, the … Read more

Trump signed a bill lowering medical costs.

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“If there’s anything bipartisan, it’s lowering drug prices,” Trump said, adding that signing the bill representing him delivering on his healthcare promises. The first measure applies to people who are covered by private health insurance and goes into effect immediately. The second measure applies to patients who are covered by Medicare, the government program for … Read more