Search Results for: interest rate

113 Federal Reserve staff members earn $250,000 annually

Janet Yellen

Just in case you need another reason to dislike the thieving Federal Reserve. From Reuters: (Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top …

Read More »

EU funded BBC hit job on Nigel Farage and UKIP

BBC Panorama

If there was ever any doubt as to the political motivation of the BBC then the hit job on Nigel Farage by Panorama on 13th October should leave you in no doubt that BBC impartiality doesn’t exist. In a blatant attempt at character assassination they contacted people long-ago disassociated from …

Read More »

Argentina and China sign $1b currency swap deal

currency swap China Argentina

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina’s …

Read More »

Vietnamese banker sentenced to death for fraud

Vietnam money

A Vietnamese former banker and his business associate have been sentenced to death for their part in the embezzlement of $25 million, state media has reported. The pair were among 11 defendants in the nine-day trial in Ho Chi Minh City, state media reported on Saturday, in a case that …

Read More »

Real-life ‘Iron Man’ suit commissioned by US military

Iron man

The technology in Iron Man is getting a step closer to reality thanks to the United States military. The Army has commissioned a Tactical Assault Light Operator Suit, which would provide the wearer with superhuman abilities like night vision, enhanced strength, and protection from gunfire. Each suit would have an on-board computer …

Read More »

Royal family enjoys veto power in all British govt. affairs

queen royalty

The British Queen and her son Prince Charles enjoy a veto power, by which they can annul any new laws being drafted against their interest in the government, it has been revealed. The revelation came after the coalition government lost the battle to keep information about the level of royal …

Read More »

Chemotherapy can backfire and boost cancer growth: study

Chemotherapy drugs

Cancer-busting chemotherapy can cause damage to healthy cells which triggers them to secrete a protein that sustains tumour growth and resistance to further treatment, a study said Sunday. Researchers in the United States made the “completely unexpected” finding while seeking to explain why cancer cells are so resilient inside the human body when they are easy …

Read More »

On this day in 2016

For a presidential election taking place when the US debt/GDP has for the first time in 70 years crossed above 100%, in which over 50 million Americans collect food stamps and disability, in which M2 just crossed $10 trillion, in which total US debt is about to pass $16 trillion, …

Read More »

Poor thieves go to jail, rich thieves don’t

Rachael Claire Martin

From the Mail: A bank clerk who dreamed of becoming a model stole £46,000 from the tills — and spent it on plastic surgery and shopping sprees. Rachael Claire Martin, 24, used the cash to fund a boob job, dental work and liposuction, as well as hair extensions and nights …

Read More »

Live Greek election poll tracker

With the only real catalyst on the horizon not due for nearly one month – that would be the Greek elections of June 17 which while presented as the make or break event for the Eurozone, we believe will be once again inconclusive, resulting in no actual government, but merely …

Read More »

Greece’s banking industry secretly gets €100 billion

bank of greece

Greece’s struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT. This follow reports of a ‘run’ developing on Greek banks last week, which were emphatically denied …

Read More »

Eurozone unemployment hits record-high 11.9%

Europe starving

Unemployed workers wait outside a government job centre in Madrid. Unemployment has hit unprecedented levels across Europe, with youth joblessness particularly high, according to a new EU report. Spain was hardest-hit: Overall unemployment was measured at over 20 percent, and youth joblessness was over 55 percent. The number of those …

Read More »

Gold ‘should be $US1,700 an ounce’ – Deutsche Bank

Gold Deutsche Bank

Gold has seen a sell-off in recent days, heading for the longest run of declines since May, trading at $US1319 an ounce. Federal Reserve chairwoman Janet Yellen’s speech at Jackson Hole over the weekend contributed to gold’s latest decline. Yellen said the case for a US rate increase has strengthened, …

Read More »

RBS and UBS traders to face arrests over Libor scandal within a month

RBS

RBS and UBS traders accused of manipulating the Libor face arrests within a month, Bloomberg’s Lindsay Fortado reports. In case you’ve forgotten, the Libor is the London Interbank Offering Rate, a benchmark rate for financial products worth $360 trillion world wide. This summer, traders were found allegedly colluding with Libor submitters to manipulate …

Read More »

US trade deficit with China hits record high

China imports

Americans bought record amounts of goods from China in September, pushing the trade gap between the world’s largest economies to a historic high, according to U.S. Commerce Department data published Tuesday. September imports from the Asian giant hit $44.9 billion, up nearly 13% on the month, as the U.S. economy gained steam. The import and …

Read More »

US jobs report: a disaster

Unemployment line

Month after month, dismal jobs numbers are released from Washington and quickly spun to either enhance the image of the Obama administration or attempt to smash it. This month, though, there’s only one way to look at the figures — and it’s bad. The US Department of Labor released employment …

Read More »

The Importance of Horse Racing to The Irish Economy

Horse racing, as everyone knows, is big business in Ireland. You could even go as far as calling it a hub of the thoroughbred industry, even though the country itself only has a population of around 4.8 million. It’s estimated that nearly 30,000 people are working within the horse racing …

Read More »

How Bitcoin is Affecting Different Industries

Bitcoin coins in a pile

Since Bitcoin arrived (ok not ‘arrived’) as there is no physical back in 2008 there have many companies and big Industries like Dell and Microsoft that take advantage of the crypto currency, and if you have a business of your own but are not using bitcoin, then you really could …

Read More »