Spreading the truth. Empowering the people.
by OB1_kenobi Article shows the staggering level of $$$ that passes into the hands of the Military Industrial Complex and the results are. I’m no genius, but $35 Trillion sounds … Read more
Creditors trying to repossess trucks over the weekend. Thousands of drivers on the road, some stranded. Employees left in the dark. Shares plunge 93% this morning from nearly nothing to … Read more
www.cnbc.com/2019/11/04/under-armour-uaa-earnings-q3-2019.html Earnings per share: 23 cents vs. 18 cents expected *Revenue: $1.43 billion vs. $1.41 billion expected
POINTS Goldman Sachs cut its price target for Apple’s stock to $165 a share from $187, making the firm’s expectation for Apple the lowest of the major Wall Street banks, … Read more
by Jim Dey Wow — calling the lying swine in state Comptroller Susana Mendoza’s office lying swine really got their back up. Who knew? They should take it as a … Read more
The Wall Street Journal’s editorial board (WSJ) recently suggested that the Obama administration pulled off “the biggest accounting fraud in history” with student loans when eliminating the role of private lenders in … Read more
by nooorol YouTube video of Buffett talking about GE’s problems: The Markopolos report is essentially quantifying these problems and showing that they are far more serious than previously believed Read … Read more
An accounting expert who raised red flags about Bernie Madoff ’s Ponzi scheme has a new target: General Electric Co. GE -3.42% In a research report posted online Thursday, Harry Markopolos alleges the struggling … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The companies are clients of China’s 2nd largest audit firm, now under investigation. On Monday, Jinhe Biotechnology and Liande Automatic Equipment disclosed in filings that they … Read more
From Wall Street Journal: Uber and Lyft each provide substantial discounts and incentives to riders, which subsidize the cost of trips and encourage usage. But they don’t account for these amounts … Read more
via brookings: DOWNLOAD Download the conference draft » ABSTRACT China’s national accounts are based on data collected by local governments. However, since local governments are rewarded for meeting growth and investment … Read more
What is investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts looking to put money in? She has long been lukewarm on gold, but not any longer. Fitts … Read more
by Dave Kranzler of Investment Research Dynamics On January 31st, Amazon reported an expected “beat” for Q4 revenue and net income. After the headline report hit the tape, the stock soared $59 to … Read more
via CNBC: A big change in lease accounting rules effective Jan. 1 requires companies to record operating leases on their balance sheets. Operating leases include everything a company rents to … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch Ratings. Defaults by Chinese … Read more
The Pentagon is clawing back hundreds of millions of taxpayer-subsidized dollars it gifted to Saudi Arabia and the UAE over a three-year period, when it ‘accidentally’ refueled their aircraft for … Read more