Sunday, May 28, 2017
market

Coal Is Losing the Battle for the U.S. Market

Coal Is Losing the Battle for the U.S. Market — Badly Source - Bloomberg So much has changed in the market since September. Just five months ago, coal and gas were neck and neck for their share of U.S. power generation....

Warren Buffett just confirmed the death of retail as we know it

Source: Hayley Peterson, businessinsider.com Warren Buffett says that in 10 years, the retail industry will look nothing like it does now. "The department store is online now," the billionaire investor said Saturday at Berkshire Hathaway's annual meeting in Omaha, Nebraska, as...
wells fargo

Wells Fargo Admits Deception in $1.2B Settlement

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord Source - Reuters Wells Fargo & Co (WFC.N) admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a...
tax

Leaked Documents Reveal Tax Haven For Elite

Panama Papers: Britain and Russia 'at the heart of super-rich tax-avoidance network' Source - Independant.co.uk The UK was second only to Hong Kong in a list of international jurisdictions where the most banks, law firms and middlemen associated with the Panama...
australia

Australia Worried About Chinese Investment

The Most China-Dependent Economy Isn't So Keen on Chinese Money Source - Bloomberg Australia, the developed world’s most China-reliant economy, offers a natural destination for billions of dollars of investment from its largest trading partner. There’s just one hurdle -- the Australians...

Expert: US Recession On The Horizon

ALBERT EDWARDS: A 'tidal wave' is coming that will throw the US into recession Source - Bob Bryan of Business Insider A tidal wave is coming to the US economy, according to Albert Edwards, and when it crashes it's going to throw...
stocks

Wall St. Panics As Investors Worry About The Future

Wall Street slips as investors fret about global economy Source - Reuters Wall Street was lower on Thursday, led by a fall in the telecom sector, as investors worried about the uncertainty surrounding the Federal Reserve's plans to hike interest rates,...
rent

It’s Getting Harder to Pay the Rent in America

A senator's plan to build 400,000 affordable units over 10 years is just a drop in the bucket. Source - Bloomberg It's been more than 15 years since Congress increased funding for the Low Income Housing Tax Credit, the government's primary method for...

Income Inequality Top Issue for World Bank

Source: World Bank Inequality reduction increasingly important to continued progress in helping the world’s poorest WASHINGTON, October 2, 2016 –A new World Bank study on poverty and shared prosperity says that extreme poverty worldwide continues to fall despite the lethargic state...
Microsoft

Microsoft In Talks To Purchase Yahoo Inc.

Microsoft meets with private equity over Yahoo deal Source - Reuters Microsoft Corp (MSFT.O) executives are in early talks with potential Yahoo Inc (YHOO.O) investors about contributing to financing to buy the troubled Internet company, a person familiar with the situation...

BREAKING NEWS

Christian Extremists Slaughter Muslims in Central Africa

Source: The Anti Media Media Silent as Christian Extremists Slaughter Muslims in Central Africa Hundreds of civilians are seeking refuge inside a mosque in the Central...