by JC1812 Families who qualify for the expanded child tax credit payments can expect to see those benefits starting July 15, but they can calculate how much to expect to receive before then. The IRS has announced that prior to sending …
Social Credit may become a more powerful determinant of socio-economic inclusion: Rating a user’s credibility/trust (social credit), as is currently done by Uber, eBay and many others, is becoming more common. At the same time, new technologies such as blockchain …
Is this the beginning of Universal Basic Income? Around 39 million American households are set to get their first monthly payment from the expanded $3,000 child tax credit starting on July 15. That’s according to a joint statement on Monday by the …
Credit Suisse Group AG’s legal woes are mounting following the collapse of supply chain finance group Greensill Capital, as Zurich prosecutors said they received a complaint related to the matter. https://www.bloomberg.com/news/articles/2021-04-23/credit-suisse-faces-zurich-criminal-complaint-over-greensill
by Robert Wheeler The social credit system took yet another step forward—this time, from Down Under. Under the guise of a welfare crackdown, Australia moved 25,000 people onto a cashless card system that restricts non-essential purchases. Aussie welfare recipients only …
China is covertly conducting surveillance and even tracking people’s movements in North America using what’s called “a social credit system,” trying to advance its totalitarian authority all over the world even in free nations. The Gatestone Institute, a non-partisan, not-for-profit …
Vancouver, British Columbia, Canada: China’s Orwellian “social credit system” that records the social and financial behaviour of individuals and corporations across China, using a vast surveillance system, has expanded globally, and is now openly operational at the renowned Haidilao hot pot …
New reports have Credit Suisse now admitting to over $7 billion (and counting) in losses from a bad $320 billion loan to family office Archegos when Credit Suisse bank was adamant only a few weeks ago that, at most, …
The old paradigm is crashing folks. . . It's going to be global. It's going to be biblical. https://t.co/UjUHO8tsts — Green Eggs-n-Sam (@HamEggsnSam) April 13, 2021 https://www.bloomberg.com/news/articles/2021-04-13/china-huarong-s-deepening-bond-rout-pushes-yield-to-record-23?sref=frV97TwV Informative Comments follow: Jim @MusserJim China’s to big to fail? “China Huarong’s biggest …
Easy credit …⬇️ Moody’s Financial Conditions Indicator pic.twitter.com/4ZpiIeCQsL — Mo Hossain (@MoHossain) April 11, 2021 "No Risk" Junk Bond Yields At All-Time Low pic.twitter.com/tzGd4E0c0p — Daniel Lacalle (@dlacalle_IA) April 11, 2021 Of course, we are in the strongest Bull Mkt …
By Egon von Greyerz Bill Hwang, the founder of the hedge fund Archegos that just lost $30 billion, probably didn’t realise when he named his company that it was predestined for big things. Archegos is a Greek word which means leader …
h/t Available-Hold9724
NEW YORK (WPIX) — Police on Tuesday arrested two former employees of the New York City Medical Examiner’s Office on allegations they stole credit cards from multiple bodies in the city’s custody and charged thousands in unauthorized purchases, according to …
https://www.bloomberg.com/news/articles/2021-03-29/credit-suisse-flags-potential-significant-loss-from-hedge-fund The article is linked above, we should dig more into this as news comes out and find out the exact causes. Apparently 20B in shares had to be sold, that just doesn’t happen left and right. This is …
by GooeyZeus https://www.creditkarma.com/tax Just finished up my taxes. Would highly recommend. It was super easy despite having retirement, investment, self-employment, and regular income to file. EDIT: Just wanted to summarize some of the comments. Apparently, Credit Karma Tax isn’t free …
Using credit cards stimulates the brain’s reward system and an urge for further spending, according to a recent study from MIT that examined the neuroscience of buying things. Credit card shopping tells us to “step on the gas” and leads to more …
China’s totalitarian “social credit system,” which rates the quality of an individual’s citizenship based on everything from their financial credit rating to how fervently they embrace Communist Party dogma, will now determine who gets to board subway trains first. “Bad” …
Capital One CEO sees ‘degradation’ in customer credit quality Fairbank also questions whether credit reports are misleading Red flags are flying in the credit-card industry after a key gauge of bad debt jumped to the highest level in almost seven …
from Zero Hedge Argentina’s credit and FX markets are crashing for a second day, signaling an implied probability-of-default gauge over 60%, as investors rapidly lose faith that President Macri will fend off his populist foes and win re-election this year. In comments, Macri admitted …
by confoundedinterest The bad news? The credit impulses (annual change as a percentage of GDP) for both the USA and China are negative. The good news? The decline in China’s credit impulse is lessening. If we throw the Eurozone into the …
by confoundedinterest The Dodd-Frank Wall Street legislation was signed into law back in 2010 by then President Obama. The legislation to limit banks from trading for their own accounts has generated its own conflict: what is the optimal level of transparency? (Bloomberg) …
via independent.org: Writing at City Journal, Steven Malanga hones in on 10 state governments that have chronic overspending problems. Since 2003, ten states, like impulse buyers wandering through a mall on Black Friday, have repeatedly run deficits, spending more than they generate in …
by WARREN MOSLER So the question is regarding dividends vs stock buy backs- do stock buy backs cause stocks to be over valued or do dividends cause them to be undervalued? 😉 A Surprising Connection Between the Bull Market and …
We’re All Being Judged By A Secret “Trustworthiness” Score Nearly everything we buy, how we buy, and where we’re buying from is secretly fed into AI-powered verification services that help companies guard against credit-card and other forms of fraud, according to the …
This article was written by Mac Slavo and originally published at SHTFplan.com American consumers continue to spend money they don’t have by borrowing it. As the problems in the economy compound, the rising levels of consumer credit card debt could make …
“…its main goal is to improve governance and market order in a country still beset by rampant fraud and counterfeiting.” Almost sounds like something we could use to keep the demokkkrat party in line… https://news.cgtn.com/news/3d3d674d3259444f33457a6333566d54/index.html The Chinese government is …
by Shaun Richards Travel broadens the mind so they say so let us tale a trip to the sub-continent and to India in particular. There the Reserve Bank of India has announced this. On the basis of an assessment of …
by sting2018 So I work in car sales (yes bash me go ahead) BUT I wanted to share something. Recently we partnered with a credit union that provides pretty decent rates, actually very low rates. However they bundle credit life …
via Zerohedge: With investor attention increasingly focusing on what most believe will be the catalyst for the next financial crisis, namely a tsunami in corporate defaults as a result of the disastrous combination of record leverage, higher rates and an …
