US Fast Food Workers Strike, Demand 100% Pay Raise
"It's noisy, it's really hot, fast, they rush you. Sometimes you don't even get breaks. All for $7.25? It's crazy," is how one worker described the conditions that have caused her and the rest of...
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Detroit's Bailout "Plan B": Obamacare
When Detroit filed for bankruptcy, the city's demands for a Federal bailout promptly rose to the surface and then just as promptly dissipated following a polite but stern rejection by the president,...
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A 280,000% Mark Up For... Water? A Look Inside The Bottled Water Industry
Imagine there was a time when bottled water didn't exist in our catalog of popular commodities. Perhaps the trend started in 1976 when the chic French sparkling water, Perrier made its introduction....
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"Get Back To Work Mr. Kuroda" Japanese Stocks Surge On Japanese Data Plunge
UPDATE: That didn't last long... 60% of the gains in the Nikkei and the weakness of the JPY now retraced - as the market cries out for moar bad data... Following last night's admission that if central...
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7 Charts Of The Market's Complete Divorce From Reality
Submitted by Michael Snyder via The Economic Collapse blog,The mainstream media would have us believe that the U.S. economy must be in great shape since the stock market has been setting new all-time...
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Caption Contest: The Real "Call Of Duty"?
As stocks hit new highs, politicians proclaim crises over, and oil prices leak back lower, it is all too easy to forget just what is going half-way around the world from the comfort of the...
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Faith, Hope, And P/E Multiple Expansion
Investors have faith that despite the collapse in funding needs the Fed will not Taper anytime soon. Investors have hope that GDP will pick up in the second-half of 2013 (or worst case 2014 or 2015 or...
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Are You Smarter Than An 8th Grader From 1912?
Submitted by Jim Quinn of The Burning Platform blog,Yes. The national intelligence has fallen that far. The morons in West Philly can't spell 'Cat'. At least 75% wouldn’t know the Vice President of the...
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Here We Go Again: Step Aside RMBS, Rent-Backed Securities Are Here, And With...
Earlier today, when we reported that median asking rents in the US had just hit an all time high, we had a thought: how long until the hedge funds that also double down as landlords decide to bypass...
View ArticleGuest Post: What Happens When The Oil Runs Out?
Authored by Professor Chris Rhodes via OilPrice.com,Summary of a lecture by Professor Chris Rhodes to the Conway Hall Ethical Society, Conway Hall, Red Lion Square, London. 11.00 am, Sunday July 28th,...
View ArticleMarc Faber On Central Banker Actions: "Insane People Don't Realize They're...
While we know that the Fed will be forced to taper in the short-term as it desperately avoids the 'appearance' of outright monetization that a falling deficit will create, Marc Faber sums up the...
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What Happens Next?
As the world waits breathless for tomorrow's preliminary (only to be revised again and again) GDP estimate for Q2 2013 (having seen expectations collapse in recent months), there remains the...
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Bank Of England Helped Reichsbank Sell Its Nazi Gold
We previously showed hard evidence of the Bank of England's complicit hiding of the truth about the quality of Bundesbank gold stored in the Fed's vaults. A few weeks later in a "completely unrelated"...
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Lakshman Achuthan: The US Entered Recession Last Year And "Is Worse Than...
Despite Tom Keene's best efforts to appear fair-and-balanced, this brief interview on Bloomberg TV places ECRI's Lakshman Achuthan in the uncomfortable position of destroying every propagandized 'fact'...
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If "Europe Is Fine" Why Is Deutsche Bank Deleveraging At The Fastest Pace...
Early today, Deutsche Bank disappointed markets when it reported a second quarter Net Income number of €335 million, or half of what the company made in the previous quarter, and less than half of what...
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Guest Post: Should You Trust Your Instincts on Gold?
Authored by Dennis Miller, Excerpted from full report at Casey Research,...There are certain potential catastrophes that can be so threatening we must take steps to insure ourselves even though the...
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Things That Make You Go Hmmm... Like Fed-Induced Sugar Crashes
In the first act of the movie "Willy Wonka and the Chocolate Factory," Bill, the owner of the sweetshop, sings a song called "The Candyman", which praises the wonderful world created by Wonka and...
View ArticleThe Fed, The Ponies, And Sunk Costs
Accounting for “Sunk costs”– money already spent that cannot be retrieved– is likely both the best understood and most widely ignored bit of wisdom on Wall Street and beyond. As ConvergEx's Nick Colas...
View ArticleCount Yourself Among The Poor!
Authored by Ben Tanosborn via Tanosborn.com,Go ahead, be a fool, tell yourself that you are still part of that once proud American “middle-class,” then dare look in the mirror and see yourself as...
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Presenting The Location Of The NSA's Secret FISA Court
The nation's spy court has begun operations in a new, secure space on the third floor of the E. Barrett Prettyman Courthouse in downtown Washington, ending its 30-year run of issuing secret warrants...
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