Here's How You Know The Economy Is Not Growing Fast Enough … The Federal Reserve is acting cautiously. If they're concerned, chances are you should be, too. Federal Reserve Board chair Janet Yellen announced on Wednesday that the Fed's benchmark interest rate – the federal funds rate – will remain unchanged … The statement by the Federal Open Market Committee, t...Read More
Following the horrific shooting at Sandy Hook Elementary, measures were passed both in Connecticut and New York that put some restrictions on gun ownership. These measures placed a ban on semi-automatic weapons bearing certain military assault weapon features and the possession of high capacity magazines. This seems fairly unobjectionable, but groups of gun rights advocates still attempted to over...Read More
Here's How You Know The Economy Is Not Growing Fast Enough … The Federal Reserve is acting cautiously. If they're concerned, chances are you should be, too. Federal Reserve Board chair Janet Yellen announced on Wednesday that the Fed's benchmark interest rate – the federal funds rate – will remain unchanged … The statement by the Federal Open Market Committee, t...Read More
Following the horrific shooting at Sandy Hook Elementary, measures were passed both in Connecticut and New York that put some restrictions on gun ownership. These measures placed a ban on semi-automatic weapons bearing certain military assault weapon features and the possession of high capacity magazines. This seems fairly unobjectionable, but groups of gun rights advocates still attempted to over...Read More
House Benghazi Hearings: Too Much Too Late … Last week the US House of Representatives called former Secretary of State Hillary Clinton to appear before a select committee looking into the attack on a US facility in Benghazi, Libya, in 2012. The attack left four Americans dead, including US Ambassador to Libya, Chris Stevens. As might be expected, however, the "Benghazi Committee"...Read More
Oil is a better bet than Treasuries as the Federal Reserve contemplates raising interest rates, according to Park Sungjin, an investor in Seoul … U.S. interest rates may head higher in the coming months, said Park, the head of investment management at Meritz Securities Co., which has $7 billion in assets. – BloombergDominant Social Theme: The economy is recovering. Is a safe haven even...Read More
House Benghazi Hearings: Too Much Too Late … Last week the US House of Representatives called former Secretary of State Hillary Clinton to appear before a select committee looking into the attack on a US facility in Benghazi, Libya, in 2012. The attack left four Americans dead, including US Ambassador to Libya, Chris Stevens. As might be expected, however, the "Benghazi Committee"...Read More
Oil is a better bet than Treasuries as the Federal Reserve contemplates raising interest rates, according to Park Sungjin, an investor in Seoul … U.S. interest rates may head higher in the coming months, said Park, the head of investment management at Meritz Securities Co., which has $7 billion in assets. – BloombergDominant Social Theme: The economy is recovering. Is a safe haven even...Read More
Medical cannabis fuels new sector …There's a flurry of activity in the 'farm to pharma' sector. A pot stock boom looks set to sweep the Australian sharemarket after plans to legalise medical cannabis, with a host of ASX-listed companies fast-tracking their moves to enter the market. Australia's first listed medical marijuana company, MMJ PhytoTech, which merged with Canadian...Read More
Yes, the Civil War was about Slavery. Get over it. Stone Mountain can keep its memorial, but it needs a reboot … Yesterday I wrote a piece about how it's time for the Georgia legislature to stop honoring slavery, and it seems people have taken it way out of context. The first line of that post was "Is it time to put away the war between the states? Yes, it is. It's way past time...Read More
Medical cannabis fuels new sector …There's a flurry of activity in the 'farm to pharma' sector. A pot stock boom looks set to sweep the Australian sharemarket after plans to legalise medical cannabis, with a host of ASX-listed companies fast-tracking their moves to enter the market. Australia's first listed medical marijuana company, MMJ PhytoTech, which merged with Canadian...Read More
Yes, the Civil War was about Slavery. Get over it. Stone Mountain can keep its memorial, but it needs a reboot … Yesterday I wrote a piece about how it's time for the Georgia legislature to stop honoring slavery, and it seems people have taken it way out of context. The first line of that post was "Is it time to put away the war between the states? Yes, it is. It's way past time...Read More
Barcelona Threatens to Print Parallel Currency, Madrid Seethes … Over the next six months, Barcelona's left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world. The main goal of the project, according to a council spokesperson, is to boost economic opportunities for local businesses and traders. The idea is...Read More
Spoofing trial to shine light on secret world of high-frequency trading … In less time than it takes you to read this sentence, Michael Coscia could make more money than most Americans earn in an 8-hour day. If you blinked, you miss it. But if you slowed down time … you'd see the unmistakable evidence of a sophisticated criminal at work, the feds say. That's because Coscia, 53,...Read More
Barcelona Threatens to Print Parallel Currency, Madrid Seethes … Over the next six months, Barcelona's left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world. The main goal of the project, according to a council spokesperson, is to boost economic opportunities for local businesses and traders. The idea is...Read More
Spoofing trial to shine light on secret world of high-frequency trading … In less time than it takes you to read this sentence, Michael Coscia could make more money than most Americans earn in an 8-hour day. If you blinked, you miss it. But if you slowed down time … you'd see the unmistakable evidence of a sophisticated criminal at work, the feds say. That's because Coscia, 53,...Read More
Gold has shown strength in the last couple of weeks – though inflation isn't the only catalyst. There's another factor, namely a bizarre new proposal from Bank of England Chief Economist Andy Haldane that's catching on with Fed governors and frustrated central bankers worldwide. You see, if Haldane gets his way, gold may not just be a store of value – it may be the only one...Read More
Mexico's supreme court plans to discuss a proposal that could effectively legalize the consumption and production of marijuana for recreational use in a session at the end of October. Judges will vote on whether to declare unconstitutional parts of a federal health law prohibiting the growth and consumption of marijuana after a nonprofit group filed an injunction against a 2013 decision by hea...Read More
Gold has shown strength in the last couple of weeks – though inflation isn't the only catalyst. There's another factor, namely a bizarre new proposal from Bank of England Chief Economist Andy Haldane that's catching on with Fed governors and frustrated central bankers worldwide. You see, if Haldane gets his way, gold may not just be a store of value – it may be the only one...Read More
Mexico's supreme court plans to discuss a proposal that could effectively legalize the consumption and production of marijuana for recreational use in a session at the end of October. Judges will vote on whether to declare unconstitutional parts of a federal health law prohibiting the growth and consumption of marijuana after a nonprofit group filed an injunction against a 2013 decision by hea...Read More