Detroit Bankruptcy Ruling Triggers Calls For Pension Cuts Across The U.S.

“They want your fucking retirement money!” - George Carlin (2005) - Detroit bankruptcy ruling triggers calls for pension cuts across the US (WSWS, Dec 6, 2013): Within days of a federal judge’s ruling in support of the Detroit bankruptcy, the devastating implications for the working class across the US are becoming apparent. States and cities [...] continue reading world news

Bitcoin Tumbles After China Central Bank Bans Financial Companies From Using Digital Currency

- Bitcoin Tumbles After China Central Bank Bans Financial Companies From Using Digital Currency (ZeroHedge, Dec 5, 2013) continue reading world news

Top 10 Highest Paid CEOs (TIME, Dec 4, 2013)

- Top 10 Highest Paid CEOs (TIME, Dec 4, 2013): 10. Gerald Rubin Company: Helen of Troy Compensation: $41.6 million Helen of Troy, which distributes name brands like Brut and Pert Plus, posted record sales in its fiscal year ending in February 2013, helping its CEO Gerald Rubin take home nearly $29 million in performance-based [...] continue reading world news

15 Signs That We Are Near The Peak Of An Absolutely Massive Stock Market Bubble

- 15 Signs That We Are Near The Peak Of An Absolutely Massive Stock Market Bubble (Ecoonomic Collapse, Dec 1, 2013): One of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.”  But [...] continue reading world news

Wow – The Holiday Shopping Season Is Off To A Horrible Start

- Wow – The Holiday Shopping Season Is Off To A Horrible Start (Economic Collapse, Dec 2, 2013): According to the National Retail Federation, Americans spent an average of 4 percent less over the four day Thanksgiving weekend than they did last year.  Overall, that means that approximately $1.7 billion less was spent at U.S. [...] continue reading world news

The Fed Now Owns One Third Of The Entire US Bond Market (Chart Of The Day)

- Chart Of The Day: The Fed Now Owns One Third Of The Entire US Bond Market (ZeroHedge, Dec 2, 2013): The most important chart that nobody at the Fed seems to pay any attention to, and certainly none of the economists who urge the Fed to accelerate its monetization of Treasury paper, is shown [...] continue reading world news

Ron ‘Austrian’ Paul Vs. Paul ‘Keynesian’ Krugman – You Decide (Video)

- Ron “Austrian” Paul Vs. Paul “Keynesian” Krugman – You Decide (ZeroHedge, Dec 1, 2013): The concept of the business cycle and its un-natural intervention-inspired boom-bust process is at the core of the following three minutes of dueling quotes from two of the most infamous public proponents of change (Ron Paul) and the status quo [...] continue reading world news