2009 Remembered: When Wall St. Took Congress Hostage

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via Rethinking Economics: Few remember the nuts and bolts of how the banks got bailed out in 2008. It shouldn’t have happened, and in fact, the bailout bill didn’t pass in Congress. The Dow dropped 740 points from its highs of the day to the lows on September 29. Immediately following this, certain ‘no’-voting Congressmen were … Read more

“If gold is a relic of history, why do Central Banks + the IMF still hold over $1T of gold?

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Alan Greenspan on Gold and Central Banks Last month Dr Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System, spoke at our inaugural investment summit on gold and central banks #globalinvest18 pic.twitter.com/Ixfth3dhlt — World Gold Council (@GOLDCOUNCIL) May 14, 2018 US should watch its debt pile before ‘things get out … Read more

What Happens in an Internet Minute in 2018?

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by visualcapitalist In your everyday life, a minute might not seem like much. But when it comes to the vast scale of the internet, a minute of time goes much further than you ever could have imagined. That’s because the internet has a degree of scale that our linear human brains are unaccustomed to operating on. … Read more

Nothing To Sweat Here…..Not!

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Financial Engineering Run Amuck #Stocks – #Economy | If the yield curve flattens, or even inverts, expect to see additional selling pressure on the financial sector. The banks, regional banks especially, will be laggards of the sector. @TradingNation #FED $DJIA $SPX $DXY pic.twitter.com/DbqInpdFJb — Marc-André Fongern (@Fongern_FX) May 14, 2018 Landmark bond sales hit by … Read more

The financial sector represents only 7% of the U.S. economy but takes around 25% of all corporate profit while creating only 4% of all jobs.

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On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs – … Read more

AMERICAN AIRLINES New ‘Support Animal’ Policy: Mini Horses Allowed, Goats Aren’t

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NORTH TEXAS (CBSDFW.COM) – Starting July 1, ferrets, goats and hedgehogs can no longer fly American Airlines, even if they’re support animals. They’re just three of a somewhat lengthy list of barred animals the airline has put out in response to an increase in customers transporting a service or support animal onboard their aircraft — more than 40 percent … Read more

China’s petro-yuan ‘thundering into action’ with Iran ditching dollar too

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via RT: Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say. The sanctions can make the yuan a more preferable currency than the dollar on the oil market. Since their launch in May, the interest in the renminbi-backed oil contracts has steadily surged. Traded daily volumes hit a record 250,000 lots … Read more

SOUTHWEST flight makes emergency landing; THIRD safety incident in month

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DALLAS (CBSDFW.COM) – A Southwest Airlines plane was forced to make an emergency landing Saturday after the cabin started losing pressure. The plane is now undergoing a maintenance review. Flight 861 was headed from Denver to Dallas Saturday night, and there were more than 100 passengers on board. Passenger Glen Eichelberger said at around 9 p.m., … Read more

Rare Look Inside Top-Secret CO Mountain Military Base

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COLORADO SPRINGS, Colo. (CBS4) – The tunnel to the Air Force station inside Cheyenne Mountain is iconic. For 60 years, North American Aerospace Defense Command in Colorado Springs has been protecting North America primarily from that location. http://denver.cbslocal.com/2018/05/11/tour-military-operation-cheyenne-mountain-norad/