Search Results for: stock market

Monsanto hit with class action lawsuits in mystery GMO wheat case

Monsanto

American Farmers have launched two class action lawsuits against biotech giant Monsanto following the discovery of unapproved genetically modified wheat growing in the Pacific Northwest. According to farmers, the company’s negligence has ruined sales. Though the United States Department of Agriculture (USDA) has never approved either the growing or sale …

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Forex scandal: criminal bankers must be jailed, not fined

Six banks forex rigging scandal

Financial penalties expected to hit British banks for Forex rigging will do little to tackle financial crime in the City of London as regulators continue to prioritize high finance over ordinary citizens, experts warn. British banks could be fined billions in coming months as investors pursue them for rigging foreign …

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Peak gold, amid rising demand and a declining dollar

Cash is trash

From Filip Karinja, for Birch Gold Group Conventional wisdom suggests a strong dollar is bad for the price of gold. So given the dollar’s current relative strength against other currencies, we should expect the price of gold to fall, right? Not so fast, says a new report from the World Gold Council (WGC). …

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Bitcoin is now bigger than Bayer, Goldman Sachs & Nike

Bitcoin market cap Goldman Sachs

The value of the world’s largest cryptocurrency bitcoin has broken the $5,800 mark, hitting another all-time high before retreating to the $5,600-$5,700 level, still close to the maximum. Its market capitalization is approaching $97 billion. If bitcoin were a company, its market cap puts it in the same league as …

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Iceland jails 26 bankers for a combined 74 years in prison

Iceland arrest the bankers jail

In a move that would make many capitalists’ head explode if it ever happened here, Iceland just sentenced their 26th banker to prison for their part in the 2008 financial collapse. In two separate Icelandic Supreme Court and Reykjavik District Court rulings, five top bankers from Landsbankinn and Kaupping — the two largest banks …

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Putin drafts bill to dump the dollar and euro

Putin Russia

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union. “This would help …

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IMF: China overtakes US as world’s largest economy

China vs USA

Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change. He also alerted us back in April this year that it was all about to happen. Basically, the method used by the IMF …

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Only 47% of Americans have a full-time job

Looking for a job

The release of the June Jobs’ Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists’ expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The …

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Venezuela looking to ban GMO seeds

venezuela

The new legislation would protect small and medium producers, favour the use of seeds for the environment and human health, and the creation of an institution working on the topic. Venezuela is going forward in the defintive elaboration and approval for a law guaranteeing security and sovereignty against the threat …

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Bitcoin ‘glitch’ sparks 23% flash crash

Bitcoin

While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not …

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Brussels ready to back £80bn bailout for Spain

Decision taken following discussion about eurozone’s struggling economy Spanish minister said aid will not come with austerity conditions attached Move comes a day after Spain’s credit rating was downgraded David Cameron has said UK will not contribute funds to eurozone bailouts Euro falls and forecasters say it could hit seven-year …

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Top 10 reasons libertarians aren’t nice to you

Why libertarians arent nice to you

People often complain about libertarians being rude and obnoxious. It’s not nearly as widespread a problem as some would make it out to be, and contrary to popular belief, this did not begin with me. To the extent that it does exist, I have become to many this sort of …

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Big Pharma criminality no longer a conspiracy theory

Bribery, fraud, price fixing now a matter of public record. Those of us who have long been describing the pharmaceutical industry as a “criminal racket” over the last few years have been wholly vindicated by recent news. Drug and vaccine manufacturer Merck was caught red-handed by two of its own scientists faking vaccine …

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Caesars Palace takeover by Eldorado to create a giant

Eldorado Resorts has just made an important move towards becoming a nationwide player, by acquiring Caesars Entertainment. The latter is well known not only in the United States, but also beyond borders for its online casinos. That’s why many were probably surprised to hear that a smaller and less known …

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A quick fact sheet on some Bilderberg attendees

Bilderberg

On June 5, the London Evening Standard headlined “No minutes, no press conferences – just the world’s power brokers chewing the fat on the issues of the day. It’s the Bilderberg conference – and it’s coming to a suburb near you.” On June 6, it convened. It continues through June 9. It’s …

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The 7 sneakiest ways corporations manipulated human behavior

In a perfect world, there would be no substitute for a quality product offered at a bargain price. But this is not a perfect world, and a lot of times the only thing between mediocrity and market dominance is the kind of devious plan that would make a supervillain proud. …

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Ignoring reality is going to wipe out the human race

war-is-peace-freedom-is-slavery-ignorance-is-strength

To inform people is hard slugging. Everything is lined up against the public being informed, or the policymakers for that matter. News is contaminated by its service to special interests and hidden agendas. Many scientists or their employers are dependent on federal money. Even psychologists and anthropologists were roped into …

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Brexit strips world’s 400 richest people of $127bn

Brexit world's richest people lose money wealth

Brexit-caused losses of the world’s 400 richest people amounted to an eye- watering $USD127.4 billion in a single day, Bloomberg estimates. Rich Britons have lost a “mere” $5.5 billion, according to reports. The British voters’ decision to leave the European Union caused profound ripples in all major global equity markets. …

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China warns Soros against ‘declaring war’ on its currency

George Soros China

China’s official newspaper warned billionaire investor George Soros not to bet against the Yuan in a front-page opinion piece, as China tries to boost confidence in its home currency, also known as the renminbi, which has dropped 5 percent since August. “Soros’s war on the renminbi and the Hong Kong …

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Ukraine bans currency trading due to hyperinflation

Ukraine currency trading ban hryvnia

The National Bank of Ukraine has banned banks from buying foreign currency for their clients until the end of the week in a fresh attempt to halt the national currency’s free fall. Hours after the measure was announced, Prime Minister Arseniy Yatsenyuk called for an emergency session of parliament to …

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