Economics And Finance
Black Workers See Record-Low Unemployment In Addition To Smallest Wage Gains (#GotBitcoin?)
Despite record-low unemployment, black workers’ weekly pay growth lags behind other groups. Black Workers See Record-Low Unemployment In Addition To Smallest Wage Gains (#GotBitcoin?) Black workers have received far smaller pay increases in recent years compared with other racial groups, despite unemployment for black Americans trending at historic lows. For…
Excessive Number Of Mall Closures And Continued Slump In U.S. Manufacturing Spell Trouble For Economy (#GotBitcoin?)
Empty Shopping Malls U.S. retailers have already closed 5,994 stores so far this year, compared with 5,864 closures for all of last year, according to Coresight Research. The net store closings, or the number of closings minus openings this year, stands at 3,353. Excessive Number Of Mall Closures And Continued…
Money-Laundering Is Completely Out-Of-Control In Traditional Finance/Banking Industry (#GotBitcoin?)
Police Raid Sweden’s Leading Bank as Russian Money Laundering Scandal Spreads.Money-Laundering Is Completely Out-Of-Control In Traditional Finance/Banking Industry (#GotBitcoin?) The unfolding scandal comes six months after Danske Bank said its tiny Estonia branch had moved more than $230 billion from Russia and other former Soviet states.Related: Ultimate Resource For Money…
Prosecuting Bankers Proves Exercise In Frustration (#GotBitcoin?)
Federal prosecutors have run into trouble trying to get convictions of individual traders and bankers charged with rate-rigging and other practices. Prosecuting Bankers Proves Exercise In Frustration (#GotBitcoin?) The Justice Department is having more success at prosecuting banks than going after the bankers who work for them. A judge’s expected…
San Francisco’s Housing Market Braces For An IPO Millionaire Wave (#GotBitcoin?)
A rush of anticipated public offerings from tech unicorns like Uber and Airbnb could have a major impact on one of the country’s priciest cities. San Francisco’s Housing Market Braces For An IPO Millionaire Wave (#GotBitcoin?) Real-estate agent Jeffrey Hyland and his team recently trawled Forbes’s wealth ranking and sifted…
The Long Bull Market Has Failed To Fix Public Pensions (#GotBitcoin)
Sums owed to retirees are accelerating faster than assets on hand to pay those future obligations. The Long Bull Market Has Failed To Fix Public Pensions (#GotBitcoin) Maine’s public pension fund earned double-digit returns in six of the past nine years. Yet the Maine Public Employees Retirement System is…
This Economic Slowdown Is Not A Blip, Warns Strategist Who Manages $4.5B (#GotBitcoin?)
“The stock market is assuming…things will improve in Q2 and throughout the second half,” he told CNBC in an interview Tuesday. “The bond market has a less-optimistic take on that, saying that the data is weak, and we’re going to reflect that right now in lower yields and inversions within…
Trumponomics Fails To Deliver As Truckers Cut Payrolls, Job Openings Fall & Tech Hiring Cools (#GotBitcoin)
Job openings fell in February to the lowest level in nearly a year, a sign that demand for workers eased modestly during a month when hiring fell sharply. Trumponomics Fails To Deliver As Truckers Cut Payrolls, Job Openings Fall & Tech Hiring Cools (#GotBitcoin) [embed]https://www.youtube.com/watch?v=8xZ_8-ozegM&list=PLU1KxUVqGmaMvpPf-a0cvFMhRFFMyV8AD[/embed] Surprise! Job Openings Fell…
Second Kroger Unit To Stop Accepting Visa Credit Cards (#GotBitcoin?)
A second unit of supermarket chain Kroger Co. said Friday that it will stop accepting Visa Inc. credit cards at its 142 supermarkets and 108 gas stations across seven states. Second Kroger Unit To Stop Accepting Visa Credit Cards (#GotBitcoin?) Smith’s Food & Drug Said It Would Stop Accepting Visa…
Trump Picks Cain For Fed Seat & Malpass For World Bank President. Too Little, Too Late To Thwart Recession (#GotBitcoin?)
President Trump said Thursday he intends to nominate Malpass for World Bank President and former GOP presidential candidate Herman Cain to the Federal Reserve’s board of governors, signaling his desire to remake the nation’s central bank after complaining about it for months. Trump Picks Cain For Fed Seat & Malpass…
Over-Inflated Credit Scores Leave Consumers / Investors At Risk In A Recession (#GotBitcoin?)
[embed]https://www.youtube.com/watch?v=p25SIv7vqZ0&list=PLU1KxUVqGmaNjVuIKftcvEB1Q2OPXV6Lq[/embed] Consumer credit scores have been artificially inflated over the past decade and are masking the real danger the riskiest borrowers pose to hundreds of billions of dollars of debt. Over-Inflated Credit Scores Leave Consumers / Investors At Risk In A Recession (#GotBitcoin?) That’s the alarm bell being rung by…
Trump Delivers A “No-Health Plan” To Supporters Including An Imminent Recession (#GotBitcoin?)
Republicans said they would delay any new health-overhaul push until after the 2020 election, putting off action on legislation amid uncertainty about what a GOP replacement for the Affordable Care Act would look like. Trump Delivers A "No-Health Plan" To Supporters Including An Imminent Recession (#GotBitcoin?) See Below: (Breaking News)…