New Measure Shows Nation's Poor at 49.7M

The number of poor people in America is 3 million higher than the official count, encompassing 1 in 6 residents due to out-of-pocket medical costs and work-related expenses, according to a revised census measure released Wednesday. The new measure is aimed at providing a fuller picture of poverty but does not replace the official government […]

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Median wage falls to lowest level since 1998

Last year the median wage hit its lowest level since 1998, revealing that at least half of American workers are being left behind as the economy slowly recovers from the Great Recession. But at the top, wages soared — the latest indication in a long-running trend of increasing inequality, with income gains going to top […]

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China’s yuan makes waves on international currency markets

Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency. “The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said […]

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Three Key Indicators Say U.S. Economy in Trouble

The mainstream and politicians tell us the “wounds” of the financial crisis are over and the U.S. economy is in recovery mode. This simply isn’t true. A few of the key indicators I follow to see where an economy stands are personal income, consumer demand, and businesses’ activity. All three of these indicators are telling me the […]

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Which America Do You Live In? – 21 Hard To Believe Facts About “Wealthy America” And “Poor America”

Did you know that40 percent of all American workers make less than $20,000 a year before taxes?  And65 percent of all American workers make less than $40,000 a year before taxes.  If you work on Wall Street, or have a cushy job with the federal government, or work for a big tech firm out on the west […]

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'Bitcoin is broken', researchers warn

The success of the Bitcoin currency is predicated upon the fact that it is decentralised and functions without the intermediation of any central authority. The calculations required to authenticate transactions are completed using a network of private computers. The operators of these computers, known as “miners”, are rewarded with transaction fees and newly minted bitcoins. […]

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Merkel Embracing IMF Plan to Seize 10% of All Assets

people view your assets as theirs and the entire problem is they are lawyers who justify this in their mind based on the fact that you are merely an unsecured creditor. The EU Commission charged with creating the Euro took the entire row of our London seminar. I made it perfectly clear that you could NOT create […]

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Banks are Their Own Worst Enemy

I have been warning for years that once Solomon Brothers was taken over by PhilBro back in 1981 and Goldman Sachs went after J. Aaron, Wall Street was taken over by the Commodity Industry. Trading became the priority and market manipulation was the name of the game. But to the contrary of the conspiracy theorists, […]

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Gallup Daily: Obama's Approval Rating Plummets Into the 30s

Last week, an NBC/WSJ poll showed Obama’s personal favorability and overall job approval were starting to take a nose dive, dropping eight points from the month before. It is also important to note this hit came before a barrage of insurance cancellation letters hit mailboxes.   continue reading at townhall.com

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BOJ Struggles to Convince on 2% as Abenomics Shine Fades

Half a year after Bank of Japan Governor Haruhiko Kuroda unleashed record monetary easing, economists see the bank failing to meet its inflation target, underscoring the case for stronger steps to revive the economy. While the median estimate of BOJ board members released last week showed the bank expects consumer prices to rise 1.9 percent in the 2015 fiscal […]

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