Lies, damn lies, and European growth statistics
“Greece has at last returned to economic growth.” That was the official European Union (EU) storyline at the end of 2014. Alas, Greek voters, unimpressed by this rejoicing, ousted the incumbent government and, in January 2015, voted for a new…
Another financial institution joins the rebellion, stockpiles cash and gold
Last year, amid all the madness in financial markets, financial historian and strategist Russell Napier joked about creating a “European high-yield capital guarantee fund.” His “high-yield” fund was nothing more than a secure room filled with physical cash, and a…
USAA Accounts Can Now Track Bitcoin
USAA, one of the 25 largest financial-services companies in the U.S., has over 11 million clients, or members, and you must have a military-family connection in order to join. This means its members, many of whom are stationed overseas, have…
Scandal-hit Toshiba to cut 34,000 jobs
Tokyo (dpa) – Electronics maker Toshiba said Friday it would slash a total of 34,000 employees in Japan and overseas by the end of the next financial year to restructure its business in the wake of a major accounting scandal….
Why Is the FCC Handing Google Your TV?
Regulation is supposed to protect us, whether from changing climate or lead in our water or speculators who crash financial markets. But the FCC has proposed a regulation that hands control of your TV to the country’s biggest monopolist, Google….
How Apple Could Lose By Winning: The DOJ’s Next Move Could Be Worse
Since the conflict over smartphone security, long simmering between Apple and the FBI, burst into the headlines last month, many of us who advocate for strong encryption have watched the competing legal arguments advanced by the parties with a certain…
9 Things That Are Far Worse Now Than In 2008
If you haven’t seen the 2015 Best Picture nominee, The Big Short, I strongly recommend it. The Big Short is based on Michael Lewis’ book which examines how such an extraordinary financial crisis gripped the world in 2008, and the…
Flint water crisis hearings at Congress reveal failure of US government
Rick Snyder This article titled “Flint water crisis hearings at Congress reveal failure of US government” was written by Oliver Milman in Washington, for theguardian.com on Thursday 17th March 2016 21.49 UTC Three bruising congressional hearings into the Flint water…
WATCH: Elizabeth Warren Gives Zero F*cks After GOPer Says She Should Be ‘Neutered’
According to one Republican congressman on the House Committee on Financial Services, Sen. Elizabeth Warren, a warrior for the middle class and advocate for Wall Street reform, should be ‘neutered.’ Blaine Luetkemeyer (R-Mo.) called Warren “Darth Vader.” Politico reports: Luetkemeyer…
Here is What Draghi And The ECB Have Just Unleashed Upon The World
Greetings, Here is What Draghi And The ECB Have Just Unleashed Upon The World On the heels of yesterday’s announcement by Draghi and the ECB, today one of the greats discussed what the ECB has just unleashed upon the world….