The government is very good at making things overly complicated for the purpose of obscuring what’s really going on from the public,” observed hedge fund manager Erik Townsend during our interview in May. He was making a point about the 2008 bailouts. The Federal Reserve played a leading role, applying trillions in paper-clip and rubber-band solutions.
There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S.
In terms of purchasing power, China now has the largest economy on the entire planet, but that is not the only area where China has surpassed the United States. China also accounts for more total global trade than the U.S.
Caring for Thomas Eric Duncan, the Dallas Ebola patient, may cost as much as $500,000, a bill that his hospital is unlikely to ever collect. Duncan is in critical condition at Texas Health Presbyterian Hospital Dallas, where he has been isolated since Sept. 28.
The economic impact of the Ebola epidemic could reach $32.6 billion by the end of next year if the disease ravaging Guinea, Liberia and Sierra Leone spreads to neighboring countries in West Africa, the World Bank Group said Wednesday. The World Bank’s assessment said the economic impact of Ebola is already serious in the three countries and could be catastrophic if it becomes a more regional health crisis.
The student loan debt bubble in America is spiraling out of control, and it is financially crippling an entire generation of young Americans. At this point, the grand total of student loan debt in the United States has reached a staggering 1.2 trillion dollars, and an all-time record high 40 million Americans are currently paying off student loan debts.
New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their country.
Student loans have hit a record high of $1.2 trillion, putting a crimp in The American Dream of owning a home and starting a family. And it’s affecting the broader economy too.
Three recent and lavish vacations by the first family cost taxpayers more than $6.2 million just for transportation and security, bringing the pleasure price for President Obama and first lady Michelle Obama’s trips to tens of millions of dollars since taking office, according to federal documents. Taxpayer watchdog group Judicial Watch told Secrets that new cost calculations for security showed that the first family’s 2012-2013 vacation to Honolulu and the first lady’s 2014 ski trip to Aspen, Colo.
The federal government is spending nearly a half a million dollars to find out why obese teenage girls have a hard time getting dates. The National Institutes of Health (NIH) awarded a $466,642 grant last week for the study, which will examine whether social skills have an impact on why obese girls have fewer dating experiences than their less obese counterparts. “Mounting evidence demonstrates that weight influences intimate (i.
Earlier today, credit agency Equifax piggybacked on Experian’s auto loan data, and reported the following: The total balance of auto loans outstanding in August is $924.2 billion, an all-time high and an increase of 10.
While Greek government yields (and political leaders) proclaim the troubled peripheral European nation is ‘recovering’, the risk of major political upheaval in Greece has not gone away ahead of next year’s presidential vote next year. As Reuters notes, under growing pressure from anti-bailout leftists, Greek Prime Minister Antonis Samaras desperately needs a new narrative to get the backing of lawmakers and rally Greeks fed up with four years of austerity. We wish him luck as Keep Talking Greece notes, it is high time that the real data of the economic situation of the Greek society come to the surface and so it did this week.
The intention was always to make the EU a tide to lift all boats, or even, in the wildest dreams, a boat to lift all tides. That intention has failed in dramatic fashion. But not one single one of the architects and present day leaders is ready to fess up to their failures.
For the moment, our top public health officials are quite adamant that there absolutely will not be a major Ebola outbreak in the United States. But what if they are wrong? Or what would happen if terrorists released a form of weaponized Ebola or weaponized smallpox in one of our major cities?
Charles Nenner, who has claimed to have never been wrong on a market call, appeared on CNBC and warned that deflation and a stock market crash both coming. Nenner, who developed the “Nenner cycle,” which he says can time the ups and downs of any market, said on CNBC that “for the next many years, you will not see the S&P more than 5% higher than [current levels.]” But he warns this period of low returns will be followed years of large losses.
For the current fiscal year, the U.S. government is estimated to pay $430 billion in interest on the national debt.