“Community”California has a very cheap community college program. Annual tuition can cost less than $1,500 a year. According to this college calculation service, you’re likely to spend more on books than you will on your classes. California also has a problem in that its community college system already cannot accommodate all the students who want […]
MONEY
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Saudi War On Shale Goes Nuclear – “No Chance OPEC Will Cut Output” Even With Brent Under $50
For those hoping that the recent brief dip in Brent crude below $50 – most notably Venezuela’s intrepid socialist leader Nicolas Maduro whose numbered days get shorter with every day Brent closes red, and countless bondholders of junk- debt capitalized shale companies – would mean that Saudi Arabia’s vendetta against OPEC would finally be put […]
China’s Christmas Present To The World: Beijing Eases Again, Sets Non-Bank Deposit Reserve To Zero
Four years ago, on Christmas Day in 2010, China shocked the world when, unexpectedly, hiked its lending and deposits rates by 0.25% in order to battle inflation – only its second such hike in the prior 3 years. Since then things for the global economy haven’t done exactly as expected, and certainly not for China, […]
In 2008, the U.S. spent $700 billion bailing out bankers, it also paid $451 billion in interest on the national debt, to the same bankers
The Emergency Economic Stabilization Act of 2008, commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisisauthorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks. […]
“Isolated”? China Officially Offers Help To “Irreplaceable Strategic Partner” Russia
Just a week ago we detailed how China was preparing to bailout Russia’s liquidity crisis via the 150 billion yuan swap line the two nations agreed in October. Today, as Bloomberg reports, we got confirmation as two Chinese ministers offered support for Russia. China will provide help if needed and is confident Russia can overcome […]
President Obama signs into law $1.1 trillion spending bill to fund government through September 2015
President Obama signs into law $1.1 trillion spending bill to fund government through September 2015, White House says – @WhiteHouse
Nervous HK rich seek backup after protests – Wei Gu
+Wei Gu The pro-democracy protests in Hong Kong might be fizzling, but its richer residents have started to look for alternatives, writes WSJ wealth editor Wei Gu in the Wall Street Journal. High home prices, costs of living and pollution add to their worries. Wei Gu: Immigration demand has been subdued in recent years after […]
Daesh smuggling oil via Turkey, Iraq says
Daesh is now believed to have looted about $500 million from Mosul, Tikrit and other cities IANS Published: 18:05 December 13, 2014 Baghdad: Iraqi finance minister Hoshyar Zebari has said that the Daesh is smuggling Iraqi and Syrian oil via Turkey, and called it the richest terrorist group in the world. “Daesh controls a number […]
Treasury Department Seeking Survival Kits For Bank Employees
Emergency masks, solar blankets to be delivered to every major bank in the U.S. December 10, 2014 1:00 pm The Department of Treasury is seeking to order survival kits for all of its employees who oversee the federal banking system, according to a new solicitation. The emergency supplies would be for every employee at the […]
US Govt just put in for more Big Bank BAILOUTS using Federal Deposit Insurance!
“I believe that means this crash will see people’s deposits seized due to all of those laws passed since 2008.” Congressional budget welcomes big bank bailouts once more despite White House opposition Congress has agreed to use federal deposit insurance, which was designed to protect the savings accounts of consumers, to cover risky trading by […]