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Keyword: finance

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  • TRUMP'S PICK FOR FBI DIRECTOR TIED TO SHARIAH-COMPLIANT DEALS

    06/09/2017 1:55:13 PM PDT · by Maceman · 164 replies
    wnd.com ^ | 6/8/2017 | LEO HOHMANN
    Shariah law is like a mysterious “other” for most Westerners, who may know of its intolerance of other religions and its criminal codes that call for stoning adulterers and the cutting off of limbs for petty thieves. But few know there is a portion of Shariah that includes a thriving area of finance — deals for real estate and business transactions taking place all over the world with Arab money. President Donald Trump’s pick to head the FBI, Christopher Wray, surely knows something about this segment of Shariah. Wray is a litigation partner at King & Spalding, which is one...
  • Women and Estate Planning

    11/29/2017 5:18:46 AM PST · by sodpoodle · 3 replies
    funlovingfreeper | 11/29/2017 | unknown
    My buddy was a single guy living at home with his father and working in the family business. He knew that he would inherit a fortune once his sickly father died. Tom wanted two things: • to learn how to invest his inheritance and, • to find a wife to share his fortune. One evening at an investment meeting, he spotted the most beautiful woman he had ever seen. Her natural beauty took his breath away. “I may look like just an ordinary man,” he said to her, “but in just a few years, my father will die, and I’ll...
  • CNBCs own 'Dr. Doom' Faber: 'Thank God white people populated America'

    10/17/2017 1:50:53 PM PDT · by DCBryan1 · 152 replies
    CNBC ^ | Jeff Cox | @JeffCoxCNBCcom
    Market doomsayer Marc "Dr. Doom" Faber has launched a racially charged diatribe in his latest newsletter, alleging that the U.S. is great primarily because it is ruled by white people. The eccentric Gloom, Boom & Doom report author, who often speaks on CNBC and other financial media, generally forecasting some type of market downturn, focused his latest comments on the racial conflicts happening around the country. (A CNBC spokesperson said it will not book him in the future.) "And thank God white people populated America, and not the blacks. Otherwise, the US would look like Zimbabwe, which it might look...
  • The Finance 202: McCain could give the same thumbs-down to a tax overhaul as he did to health care

    10/13/2017 7:28:19 AM PDT · by Cheerio · 23 replies
    WaPo ^ | October 12 2017 | Tory Newmyer
    It’s a specter that should stalk the nightmares of Republican leaders: a Senate chamber, packed on Christmas Eve, as lawmakers gather to decide the fate of a tax package that will shape the GOP’s political fortunes. The bill remains one vote shy, and then Sen. John McCain walks in, pauses before the desk, and delivers his second thumbs-down dagger of the year. For that reason, the Arizona Republican, who is fighting a public battle with brain cancer, will be among his party’s most closely watched as the year winds down and the tax debate gears up. Yet over his decades...
  • In a Cashless World, You'd Better Pray the Power Never Goes Out

    10/11/2017 9:43:03 AM PDT · by markomalley · 52 replies
    Mises Institute ^ | 10/10/17 | Ryan McMaken
    When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. Bloomberg reported yesterday that the Fed was forced to fly a planeload of cash to the Island to help avert disaster: William Dudley, the New York Fed president, put the word out within minutes, and ultimately a jet loaded with an undisclosed amount of cash landed on the stricken island...[Business executive in Puerto Rico] described corporate clients’ urgent requests for hundreds of thousands in cash to meet payrolls, and the challenge of finding enough armored cars to satisfy endless demand at...
  • INVESTOR: Insider Trading and Financial Anomalies Surround Las Vegas Attack Massacre

    10/08/2017 11:54:27 AM PDT · by Fractal Trader · 38 replies
    The Gateway Pundit | 8 October 2017 | Joshua Caplan
    Note from financial advisor Kip Herriage: “With this report, I make no claim to specific knowledge of any wrongdoing or improprieties. Instead, this report includes trading patterns, news releases and/or public record SEC filings.” We will examine the share price movements of two gun manufacturers (American Outdoor Brands and Sturm Ruger) and the share price movement of MGM (which owns Mandalay Bay). We will also examine additional financial events surrounding MGM, including what can only be referred to as massive levels of insider selling in the shares of MGM, by the CEO/Chairman and MGM officers/directors. As you’ll see, more than...
  • Finally, a crackdown on predatory payday loans

    10/07/2017 11:33:46 AM PDT · by EveningStar · 87 replies
    Los Angeles Times ^ | October 9, 2017 | Editorial Board
    The Consumer Financial Protection Bureau’s new rules for payday loans and car title loans have drawn the predictable cries of outrage from lenders, particularly small storefront operators who say the restrictions will put them out of business. And it’s an understandable complaint — after spending five years researching the market for high-cost credit, the bureau has fired a shot right at the heart of these lenders’ business model. But the outrage here isn’t what the regulators are doing. It’s the way these lenders have profited from the financial troubles of their customers. As the bureau’s research shows, payday lenders rely...
  • With Incomes At A Record High, Is The Post-Financial Crisis Malaise Finally Over?

    09/13/2017 12:53:34 PM PDT · by SeekAndFind · 17 replies
    IBD ^ | 09/13/2017
    Buried amid a deluge of nasty news ranging from the growing North Korean nuclear threat to killer hurricanes hitting our coasts, the Census Bureau reports that median household income, a broad gauge of family financial well-being, hit its highest level ever last year. That's another strong sign that the economy is trying to break out of its 10-year growth slump. The median household income last year was $59,039, up 0.7% from the previous record of $58,655 set in 1999, the year the dot-com boom went bust. Real median incomes for married households with both spouses working soared to $106,000 in...
  • Ranking US lawmaker seeks sanctions on 12 Chinese banks over N. Korea

    09/13/2017 2:31:10 AM PDT · by TigerLikesRooster · 12 replies
    Korea Herald ^ | Sept 13, 2017
    Ranking US lawmaker seeks sanctions on 12 Chinese banks over N. Korea WASHINGTON -- A ranking American lawmaker has asked the US government to sanction 12 large Chinese banks as part of efforts to cut off North Korea's access to the international financial system, an informed source said Wednesday. The measures, if implemented, would mark a significant increase in pressure on China to rein in North Korea's nuclear and ballistic missile programs. They could also endanger US-China ties. The list, submitted by House Foreign Affairs Committee Chairman Rep. Ed Royce (R-CA), includes the world's largest bank, Industrial and Commercial Bank...
  • Atlanta judge pitches federal PBGS/CFPB case against Global Payments

    08/30/2017 7:14:03 AM PDT · by spintreebob · 2 replies
    Atlanta Journal Constitution ^ | 8 /29/2017 | Russell Grantham
    Saying the U.S. Consumer Financial Protection Bureau “blatantly” ignored his directions, a federal judge in Atlanta dismissed the agency’s claims against a metro Atlanta payment processor and three others for allegedly aiding fraudulent debt collectors... U.S. District Judge Richard Story sanctioned the PBGC by dismissing its complaints.... The judge said the PBGC repeatedly stonewalled the defending lawyer's efforts to find out the facts of the case against their clients. “The CFPB willfully violated the court’s repeated instructions to identify for defendants the factual bases for its claims and that, in each deposition, it willfully failed to present a knowledgeable …....
  • The Banana Republic Of Illinois

    06/25/2017 8:46:36 AM PDT · by MtnClimber · 13 replies
    Investors Business Daily ^ | 23 Jun, 2017 | Stephen Moore
    The media has hyper-obsessed over the Kansas tax hike this year and has sold this as a repudiation of "supply side economics." But the real story in the states has been the catastrophic effects of "tax and spend" fiscal policy in Illinois. Last week Republican Gov. Bruce Rauner continued his three-year standoff with House Speaker for Life Mike Madigan's liberal Democratic machine over a $5 billion annual income-tax hike. The Democrats have dug in their heels. Anyone who thinks this soak-the-rich scheme will solve Illinois' long-term budget crisis should have their head examined. Illinois already ranks in the top three...
  • Scott Walker says he's open to tolling

    06/17/2017 5:01:39 AM PDT · by Tolerance Sucks Rocks · 69 replies
    The Wisconsin State Journal ^ | May 31, 2017 | Mark Sommerhauser
    BELOIT — Gov. Scott Walker on Tuesday signaled he’s open to charging tolls on Wisconsin’s Interstates, but with a key condition: linking it to a reduction in the state’s 30.9-cent-per-gallon gas tax. Walker also said an impasse over the state’s next transportation budget risks costly delays to billion-dollar highway projects now under construction. That includes a $1.2 billion expansion of Interstate 39-90 from the Madison area to the Illinois state line. The Interstate formed the backdrop for Walker’s remarks in a press conference at a Beloit rest stop. Republicans who control the state Assembly have proposed seeking federal approval to...
  • Why your credit card debt is about to get more expensive

    06/15/2017 9:59:01 AM PDT · by Lorianne · 48 replies
    source content cannot be posted due to copyright issues | 14 June 2017
    see below for link
  • Paul Craig Roberts: Without Glass-Steagall, America will fail

    06/12/2017 1:06:32 AM PDT · by ganeemead · 34 replies
    This is a long article and a dire warning which must be read. Roberts expresses it in stark terms: without the restoration of the Roosevelt-era Glass/Steagal law and the separation of commercial from investment banking, the United States will collapse. Roberts' Article Roberts was Ronald Reagan's Treasury Secretary.
  • Illinois is Collapsing: It's Coming Everywhere

    06/10/2017 1:36:34 PM PDT · by Wolfie · 65 replies
    Market-Ticker ^ | June 10, 2017 | Karl Denninger
    Illinois is Collapsing: It's Coming Everywhere The blame game is in full force, including in Crain's. Like in a good Agatha Christie mystery, there's a whole train-full (or, in this instance, Capitol-full) of suspects in the case of Who Killed Illinois? Just like on the Orient Express, they're all guilty to one degree or another. .... Here's who's at the top of my list: Gov. Bruce Rauner and House Speaker Michael Madigan, in that order. Other folks had their hands on the knife, but these two are the ones who really drove it in. Uh huh. Sure. Maybe you can...
  • Most millennials are hoping to retire early, but only a fraction are doing what it takes

    06/09/2017 12:07:40 PM PDT · by CorporateStepsister · 50 replies
    MSN Money ^ | June 9 2017 | Tanza Loudenback
    According to a poll from our partner, MSN, 67% of American millennials (aged 18 to 29) want to quit the working world at or before age 65. The current full retirement age, meaning the age at which Social Security benefits fully kick in, is 67 for those born in 1960 or later. MSN polls its readers, and then uses machine learning to model how a representative sample of the US would have responded, using big data, such as the Census. It's nearly as accurate as a traditional, scientific survey.
  • Trump set to make first moves at completely revamping the Federal Reserve

    06/06/2017 6:35:05 PM PDT · by Tolerance Sucks Rocks · 85 replies
    CNBC ^ | June 5, 2017 | Jeff Cox
    President Donald Trump appears ready to remake the Federal Reserve in an image that will be considerably different than what investors have known for many years. The president is prepared to nominate Randal Quarles and Marvin Goodfriend to two of three vacancies at the central bank, according to multiple press accounts that have not been disputed by the administration. Quarles likely would assume the role vacated by Daniel Tarullo to oversee the nation's banking system. White House officials did not respond to a CNBC request for comment. Should Trump nominate the two men and they receive confirmation, it will represent...
  • Ellison evades questions on DNC finances, Clinton’s accusations

    06/02/2017 6:24:19 AM PDT · by markomalley · 16 replies
    Washington Times ^ | 6/2/17 | Sally Persons
    Rep. Keith Ellison evaded questions Friday about the bankruptcy of the Democratic National Committee in 2016.“Hillary Clinton is a wonderful American. I think she’s a wonderful person that served this country — so I’m not looking back. I’m looking forward,” Mr. Ellison, Minnesota Democrat, said on MSNBC. “We can’t re-litigate the past.”The deputy chairman of the Democratic Party did say his group is looking forward toward 2018 and is trying to focus more on the state and local levels where they have lost tremendous ground since former President Barack Obama was first elected. “There is a new spirit running through...
  • Homeowners Are Again Pocketing Cash as They Refinance Properties

    05/29/2017 9:55:35 AM PDT · by Lorianne · 13 replies
    Wall Street Journal ^ | 27 May 2017 | Christina Rexrode
    Americans refinancing their mortgages are taking cash out in the process at levels not seen since the financial crisis. Nearly half of borrowers who refinanced their homes in the first quarter chose the cash-out option, according to data released this week by Freddie Mac. That is the highest level since the fourth quarter of 2008. The cash-out level is still well below the almost 90% peak hit in the run-up to the housing meltdown. But it is up sharply from the post-crisis nadir of 12% in the second quarter of 2012. In a cash-out refi, a borrower refinances an existing...
  • THE GREAT U.S. ENERGY DEBT WALL: It’s Going To Get Very Ugly….

    05/29/2017 10:54:35 AM PDT · by Lorianne · 37 replies
    Srsrocco Report ^ | 27 May 2017
    While the U.S. oil and gas industry struggles to stay alive as it produces energy at low prices, there’s another huge problem just waiting around the corner. Yes, it’s true… the worst is yet to come for an industry that was supposed to make the United States, energy independent. So, grab your popcorn and watch as the U.S. oil and gas industry gets ready to hit the GREAT ENERGY DEBT WALL. So, what is this “Debt Wall?” It’s the ever-increasing amount of debt that the U.S. oil and gas industry will need to pay back each year. Unfortunately, many misguided...