Economic News

Seattle Restaurants Close Doors as $15 Minimum Wage Approaches

Seattle Restaurants Close Doors as $15 Minimum Wage Approaches
Seattle’s $15 minimum wage law goes into effect on April 1, 2015. As that date approaches, restaurants across the city are making the financial decision to close shop. The Washington Policy Center writes that “closings have occurred across the city ..
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Economic News

Moscow Exchange to Start Ruble-Yuan Futures Trading Next Week

Moscow Exchange to Start Ruble-Yuan Futures Trading
Moscow trading in ruble-yuan futures will begin on March 17 with the currency pair expected to become the third most popular by volume, says Moscow Exchange (MOEX) Deputy Chairman Andrey Shemetov.
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Economic News

Spocking – Canada’s Central Bank Requests End To Defacing

Spoking
The trend, like all the most entertaining forms of mischief, is apparently illegal in most countries, but not Canada. That has not deterred Canadians who for years have enjoyed replacing the unfortunate Sir with the likeness of Spock or Alan Rickman’s portrayal of professor Snape.
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Economic News

International Banks Face US probe for Alleged Metals Market Fix

International Banks Face US probe for Alleged Metals Market Fix
The US Department of Justice is in the early stages of an investigation into at least 10 international banks—including JPMorgan Chase, Goldman Sachs and Barclays—over alleged manipulation of the precious metals market.
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Economic News

US Government’s New ‘Rule’ Allows Banks to Completely Make Sh*t Up

US Government’s New 'Rule' Allows Banks to Completely Make Sh*t Up
Pacioli was, in fact, a friend and contemporary of Leonardo da Vinci, and the two collaborated frequently. So you’re probably guessing that Pacioli was a co-designer in Leonardo’s famed flying machine, or a new architectural technique.
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Economic News

The Grexit Into Gold-backed Drachma Conspiracy Theory – or – Plan Z

The Grexit Into Gold-backed Drachma Conspiracy Theory - or - Plan Z
In July 2012, the Wolfson economics prize, a prize for the "best proposal for a country to leave the European Monetary Union," was awarded to a Capital Economics team led by Roger Bootle, for their submission titled "Leaving the Euro: A Practical Guide."
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Economic News

Gold is Gone, Total Chaos Coming-Bill Holter

Financial writer Bill Holter says there is better than 60% to 70% chance that another financial calamity will hit in 2015, and it could start from anywhere in the world. Holter contends, “It doesn’t really matter where it starts.
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Economic News

Like a Thief, Expect Bankrupt Governments to Go After Easy Targets First!

Like a Thief, Expect Bankrupt Governments to Go After Easy Targets First!
It doesn’t’ take a rocket scientists to figure out what a bankrupt government will do—just like any thief, they’ll go after easy targets first. A member of my staff caught an obscure resolution that was introduced in the US House of Representatives last week—Resolution no. 41.
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Economic News

Whistleblower Karen Hudes Reveals How The Global Elite Rule The World

Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel.
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Economic News

Venezuelan Woman Earns Her Living Standing in Line to Buy Toilet Paper

At two in the morning, Krisbell quietly slips out of bed so as to not wake the two small children curled up next to her. She grabs her phone and quickly dials her friends’ numbers as she’s already headed out the door to get the day’s intelligence report.
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Economic News

S&P Downgrades Russia’s Credit Rating to Junk

US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BB+, leaving it below investment grade for the first time in a decade. Moscow termed the decision "overly pessimistic." The ruble fell from 66.3 to over 69 per dollar.
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Economic News

Economic War, BRICS, and the Power of Self-Sufficiency

Economic War, BRICS, and the Power of Self-Sufficiency
The toughest, most resilient people as both individuals and as societies all generally have one thing in common – self-sufficiency. This by no means suggests isolationism, but rather the ability to survive, even thrive through one’s own work using resources at their own disposal.
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Economic News

27 Facts Show How The Middle Class Fared Under 6 Years Of Obama

27 Facts Show How The Middle Class Fared Under 6 Years Of Obama
The numbers that you are about to see will not be included in Obama’s State of the Union speech. They don’t fit the "narrative" that Obama is trying to sell to the American people. But all of these statistics are accurate. They paint a picture of a middle class that is dying.
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Economic News

Currency Broker, Rocked by Swiss Move, Gets $300 Million Infusion

Currency Broker, Rocked by Swiss Move, Gets $300 Million Infusion
FXCM, an online trading service struggling with client losses in the wake of turmoil on the currency markets, will receive a $300 million lifeline from Leucadia National. Leucadia, the parent company of the investment bank Jefferies, said on Friday ..
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Economic News

Jim Willie: The World Now Recognizes the U.S., Not Iran, as a Rogue Nation

The reasoning behind the world's current move away from the U.S. and the dollar, and that from a broken treaty agreement made by multiple nations in early 2014, the America is now being recognized as a rogue nation, far more than the rhetoric used to label Iran as such over the past decade.
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