Bailouts for the Rich, the Virus for the Rest of Us

Bailouts for the Rich, the Virus for the Rest of Us

For the second time in a generation, the President and Congress are creating an artificial economy under the guise of ‘saving the economy.’ Through bailouts for the executives of corporations and institutions whose coffers have been emptied for their own...
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Honeywell And Pipistrel Collaborate On Aircraft Technologies

Honeywell And Pipistrel Collaborate On Aircraft Technologies

Honeywell And Pipistrel Collaborate On Aircraft Technologies For Urban Air Mobility Honeywell and Pipistrel combine aerospace expertise to address the technical, regulatory and business challenges of the emerging on-demand mobility market. Honeywell (NYSE: HO...
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Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash

Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash

Goldman Sachs and Morgan Stanley asked some counterparties to cancel or amend trades in Jardine Matheson Holdings Ltd, after a $US41 billion ($SG58 billion) flash crash on Thursday saw shares change hands far below the market level, according to people...
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Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

NAO report reveals cost of removing hundreds of North Sea wells, rigs and pipelines British taxpayers face a £24 Billion bill for tax relief awarded to oil and gas companies removing hundreds of North Sea wells, rigs and pipelines, the...
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1,500 Private Jets To Descend On Davos This Week, Up 50% From Last Year

1,500 Private Jets To Descend On Davos This Week, Up 50% From Last Year

Some would call it ironic, others hypocritical but whatever your level of cynicism, here are the facts: as its top global risks for 2018 and 2019 in terms of likelihood, this year’s billionaire boondoggle at the World Economic Forum in...
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Oxfam:  The top 26 billionaires own $1.4 trillion – as much as half other people

Oxfam: The top 26 billionaires own $1.4 trillion – as much as half other people

  The world’s 26 richest people own the same wealth as the poorest half of humanity, according to Oxfam International, as it urged governments to rise taxes on the wealthy to fight soaring inequality. Billionaires around the world, who have...
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UN: Global FDI skids 19% on Trump tax reform

UN: Global FDI skids 19% on Trump tax reform

Global foreign direct investment (FDI) fell 19% last year to an estimated $1.2 trillion, largely due to by US President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said today. FDI comprises cross-border mergers and...
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Sikkim – To Conduct World’s Largest Experiment In Universal Basic Income

Sikkim – To Conduct World’s Largest Experiment In Universal Basic Income

  Sikkim – Indian State With 600,000 People To Conduct World’s Largest Experiment In Universal Basic Income A tiny Himalayan state bordering China is about to embark on the world’s largest experiment in universal basic income. All 610,5...
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China offers Iran $3bn oilfield deal despite US sanctions

China offers Iran $3bn oilfield deal despite US sanctions

State-run Chinese energy giant Sinopec has offered Iran a $3-billion deal on further development of an Iranian oilfield the two countries are already working on, the Wall Street Journal has reported.  The offer made by the China Petroleum & Chemical Cor...
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U.K.: Housing market outlook worst ‘for 20 years’

U.K.: Housing market outlook worst ‘for 20 years’

The housing market outlook over the next 3 months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next 3 months. It’s...
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New Concepts, New EVs, Toyota Supra 2020 and Shelby GT500 at Detroit Auto Show 2019

New Concepts, New EVs, Toyota Supra 2020 and Shelby GT500 at Detroit Auto Show 2019

SUVs may rule the sales reports, but cars ain’t dead by a long shot. The first day at the 2019 North American International Auto Show in Detroit saw a dozen new vehicles, ranging from the revival of a beloved sport...
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Collapse Of Global M1 Supply Signals A Big Headache

Collapse Of Global M1 Supply Signals A Big Headache

  Every time M1 growth has dipped negative – as central bank liquidity injection either slowed or went into reverse – there has been a financial crisis. Milton Friedman was well aware of the consequences of the decline of M1,...
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French Riot Police Deployed Semi-Automatic Weapons Against Yellow Vests As Macron Loses Grip On Country

French Riot Police Deployed Semi-Automatic Weapons Against Yellow Vests As Macron Loses Grip On Country

  French riot police were pictured brandishing Heckler & Koch G36 semi-automatic rifles with 30-round magazines near the Arc de Triomphe in Paris on Saturday afternoon, reports the Daily Mail. The deployment of rifles with presumably live ammunition...
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PG&E Sparked at Least 1,500 California Fires – Now the Utility Faces Collapse

PG&E Sparked at Least 1,500 California Fires – Now the Utility Faces Collapse

PG&E Corp. equipment started more than one fire a day in California on average in recent years as a historic drought turned the region into a tinderbox. The utility’s unsuccessful efforts to prevent such blazes have put it in a...
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Newmont Mining to buy Goldcorp in $10 billion deal to create world’s largest gold producer

Newmont Mining to buy Goldcorp in $10 billion deal to create world’s largest gold producer

  Newmont Mining said it would buy Goldcorp in a deal valued at $10 billion. The deal will create the world’s biggest gold producer by output. Newmont Mining said on Monday that it would buy smaller rival Goldcorp in a...
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