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Keyword: financial

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  • White House wealth: Trump employees disclose their finances

    03/31/2017 8:19:18 PM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Mar 31, 2017 11:14 PM EDT
    The White House released financial disclosures for many of its senior officials Friday — a group of some of the wealthiest people ever to join a presidential administration. The documents provide a snapshot of what the employees’ finances looked like when they joined government service in January, but they do not give a full account of how those people are disentangling from business assets that could pose possible conflicts of interest. President Donald Trump, a billionaire New York businessman, and Vice President Mike Pence, the former Indiana governor, are not legally required to file new financial disclosures until next year....
  • 17 Years Later, Microsoft Corp. Is Worth $500 Billion Again (Business is good, but different)

    01/29/2017 6:23:13 PM PST · by dayglored · 11 replies
    Fox Business News ^ | Jan 29, 2017 | Anders Bylund
    Microsoft (NASDAQ: MSFT) is putting some pep back in its step these days. On Friday, Reuters pointed out that the software giant's market cap has risen above $500 billion for the first time since March 2000. I'm all for celebrating neat milestones, including this 17-year benchmark. And it's no secret that Microsoft really is doing a lot of things right these days. Large-cap stocks don't post market-crushing 55% returns in two years for no reason. That being said, I would like to argue that the Microsoft you see today is miles removed from the $500 billion beast you knew 17...
  • Theranos CEO Elizabeth Holmes is a victim, venture capitalist Tim Draper says

    11/16/2016 1:02:01 AM PST · by CorporateStepsister · 6 replies
    CNBC ^ | November 15 2016 | Michelle Fox | @MFoxCNBC
    Embattled Theranos CEO Elizabeth Holmes is a victim who has been "totally attacked," venture capitalist Tim Draper told CNBC on Tuesday. Holmes has been under fire since a series of reports by The Wall Street Journal suggested the blood-testing start-up's testing devices were flawed. "Elizabeth Holmes is a great example of maybe why the women are so frustrated. She is a woman entrepreneur who built a fabulous company, did great things for consumers and she got attacked," the founding partner of Draper Associates and Draper Fisher Jurvetson said in an interview with "Closing Bell." "This is a great entrepreneur who...
  • CFPB “Structurally Unconstitutional” – US Court of Appeals

    10/11/2016 1:28:48 PM PDT · by Behind Liberal Lines · 11 replies
    National Review ^ | October 11, 2016 3:47 PM | by IAIN MURRAY
    the US Court of Appeals from the DC Circuit today found that the Consumer Financial Protection Bureau was “structurally unconstitutional.” The offending structure consists of an independent agency with a single, all-powerful executive director. The Court found that structure fell between two stools – an agency with a single head needs to be accountable to the President, while an independent agency needs to have internal checks and balances by having a multi-member commission format like the SEC and others... The Consumer Financial Protection Bureau’s lack of checks and balances violates the Constitution’s separation of powers. Its director is like a...
  • Public Country-By-Country Reporting / Corporate tax transparency

    With the rules on country-by-country reporting, the EU has created a framework where businesses in the extractive and logging industries have to publish their payments to governments relating to the exploitation of natural resources. This will assist populations of resource-rich countries to hold their governments accountable for these proceeds. In addition, a country-by-country reporting is also required from EU credit institutions (banks). This will ensure that trust in the financial sector is regained. On 12 April 2016, the Commission adopted a proposal for a Directive which imposes on EU and non-EU multinational groups the publication of a yearly report on...
  • Report: Blockchain to Rewrite the Financial Infrastructure’s Future

    08/13/2016 11:59:18 AM PDT · by amorphous · 5 replies
    CryptoCoinsNews.Com ^ | 13 August 2013
    Blockchain technology is expected to change the way financial organizations conduct business with banks implementing distributed ledger technology (DLT) projects by 2017, according to the World Economic Forum. After 12 months of research which saw the WEF engage over 200 industry leaders and subject matter experts through interviews and multi-stakeholder workshops, the organization compiled a 130-page report on the impact distributed ledger technology (DLT), also known as blockchain, will have on the financial infrastructure’s future. WEF’s ‘The Future of Financial Infrastructure’ report found that ‘applications of DLT will differ by use case, each leveraging the technology in different ways for...
  • NYTimes Writes Sob Story About Clintons’ Financial Struggles — (T)

    08/10/2016 10:33:18 AM PDT · by rktman · 39 replies
    dailycaller.com ^ | 8/10/2016 | Kaitlan Collins
    The New York Times published a piece Wednesday detailing Bill and Hillary Clinton’s financial struggles in the 1980s — when the couple was making the equivalent of $144,000 today and had a nanny to care for their infant daughter. In a piece titled “When Her Family Needed Money, Hillary Clinton Faced Stark Choices,” Amy Chozick writes that after Bill Clinton lost the Arkansas governor’s race in 1980, money troubled Hillary. She “worried about saving for Chelsea’s college, caring for her aging parents, and even possibly supporting herself should the marriage or their political dreams dissolve.” [dcquiz] The couple “stretched their...
  • We should nationalise German banks' Warning Deutsche Bank teetering on edge of CRISIS

    08/09/2016 7:06:46 PM PDT · by MarchonDC09122009 · 17 replies
    UK Express ^ | 08/09/2016 | SIMON OSBORNE
    http://www.express.co.uk/news/world/698305/Deutsche-Bank-financial-crisis-EU-Angela-Merkel 'We should nationalise German banks' Warning Deutsche Bank teetering on edge of CRISIS A TOP economist has warned that Germany's biggest bank is teetering on the edge of crisis and they only way to protect it against future shocks is to nationalise it. By SIMON OSBORNE 20:03, Tue, Aug 9, 2016 | UPDATED: 21:00, Tue, Aug 9, 2016 Germany central bank, the Deutsche Bank, would be hit hard in a new financial crisis Martin Hellwig said stress tests carried out by the European Central Bank revealed the Deutsche Bank would be left in a precarious position in the event of...
  • Countrywide Mortgage Devastation Lingers as Ex-Chief Moves On

    06/25/2016 12:17:28 PM PDT · by Reverend Wright · 15 replies
    NY Times ^ | June 24, 2016 | Gretchen Mogensen
    Angelo Mozilo can finally get on with his life. This month the Justice Department told Mr. Mozilo, the former chief executive of Countrywide Financial, once the nation’s largest subprime mortgage lender, that he was no longer under investigation in connection with civil mortgage fraud. The government’s criminal inquiry into Mr. Mozilo’s role in the financial crisis was dropped previously, so he is now in the clear. At least that’s the view from Washington. On Main Street, where the pain of Countrywide’s reckless lending and abusive foreclosure practices still throbs, it’s safe to say that Mr. Mozilo is still identified as...
  • Brokerage mistakenly transferred shares...legal recourse?

    04/19/2016 4:00:30 PM PDT · by Homer1 · 56 replies
    https://www.google.com ^ | 04/20/2016 | Vanity
    I have a brokerage account. A person with the same name as me passed away and the broker transferred all of my shares to his heirs. What legal actions can I take? What rights do I have? Anybody in the financial industry that can weigh in...it would be appreciated. Thanks
  • Central bankers 'don't have a clue' - Jim Rogers (CNN BUYS CLUE?)

    02/15/2016 3:22:26 PM PST · by SaveFerris · 15 replies
    CNN Money ^ | First published February 15, 2016: 9:03 AM ET | CNNMoney (London)
    Famed investor Jim Rogers is warning that financial Armageddon is just around the corner, and it's being fueled by moronic central bankers. "We're all going to pay a horrible price for the incompetence of these central bankers," he said Monday in a TV interview with CNNMoney's Nina dos Santos. "We got a bunch of academics and bureaucrats who don't have a clue what they're doing." The Singapore-based American investor said central bankers are doing everything they can to prop up financial markets, but it's all for naught. He predicts their unconventional monetary strategies will lead to a stock market rally...
  • World faces wave of epic debt defaults, fears central bank veteran [Situation worse than 2007]

    01/20/2016 7:06:17 AM PST · by SeekAndFind · 21 replies
    The Telegraph ^ | 01/20/2016 | By Ambrose Evans-Pritchard, in Davos
    The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. "The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up," said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS). "Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for...
  • Saudi Arabia Plans 'Thatcherite Revolution'

    01/07/2016 11:35:14 AM PST · by EBH · 14 replies
    Saudi Arabia is mulling the sale of shares in Aramco, believed to be the world's most valuable company, as part of plans to repair its finances and open up its economy. The announcement was made by the country's deputy crown prince as Saudi's secretive, state-owned oil firm grapples with the effects of oil prices nearing 12-year lows . Mohammed bin Salman told The Economist: "That is something that is being reviewed, and we believe a decision will be made over the next few months." The Saudi economy has taken a battering from the oil price decline and the finance ministry...
  • Anyone know a good conservative business/finance website?

    11/29/2015 10:00:13 AM PST · by con-surf-ative · 31 replies
    Looking for substantive business and financial content.
  • Why Owning a House is Financial Suicide

    11/12/2015 11:23:52 PM PST · by Up Yours Marxists · 100 replies
    News.Com (Australia) ^ | November 13, 2015 08:32 GMT | James Altucher
    OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...
  • Select Presidential Reports for the Current Election Cycle (2016 reformatted)

    10/18/2015 11:35:03 AM PDT · by DoughtyOne · 3 replies
    Federal Elecction Commission ^ | Generated Fri Oct 16 09:41:17 2015 | Federal Election Commission
    This information is readily available at the above site.  I am providing it here in an easier to access format. Candidates names are used instead of their campaign names, making them easier to find.  Ex: "Bush, Jeb" vs "Jeb 2016, Inc." At the site you will have to select time periods, candidates, and reports, then back out to start over.  Here it's all one click away. You are linked directly to the summary section of each page.  You will be able to scroll up and down to see more information.Note that both Republican and Democrat reports are provided.Presidential Candidate Financial...
  • People Have Been Thrown in Prison for the Kinds of Stuff Carly Fiorina Engaged in as Lucent’s CEO

    09/29/2015 6:37:03 PM PDT · by 2ndDivisionVet · 16 replies
    Doug Ross @ Journal ^ | September 29, 2015
    While Carly Fiorina has unquestionable debate skills, the more I research her background, the more troubled I become. While it's clear that she is -- politically speaking -- somewhere to the left of Jeb Bush on policy, it is her business record that is most alarming. Let me start with a little history lesson and a company called Lernout & Houspie. Founded in 1987 by two Belgians, L&H went public in 1995 on NASDAQ and operated from U.S. headquarters in Burlington, MA. Specializing in voice recognition software, L&H rode the tech boom to a peak market valuation of $10 billion....
  • Are You Better Off Financially Than the Average American?

    09/21/2015 3:58:42 AM PDT · by expat_panama · 53 replies
    Motley Fool ^ | Sep 20, 2015 | Todd Campbell
    Comparing net worth, income, debt and retirement nest eggs for the typical American. Is your network higher or lower than people of a similar age? How does your pay compare with others? Do you have more debt than the average Joe or Jane? Do you have more or less money set aside for retirement than your neighbors? Knowing how you stack up financially to your peers can offer up insight that allows you to make changes that can secure your financial future, so let's take a closer look at how you stack up against the average American.Net worth varies widelyLast...
  • The World Fiat Economy - Living on borrowed time?

    09/01/2015 8:58:35 AM PDT · by citizen · 38 replies
    Seeking Alpha ^ | Aug. 18, 2011 | Nick Barisheff
    I read decades ago that the average life expectancy of a fiat economy is about 40 years. I searched and quickly found this article titled "Gold and Fiat Currency: 40 Years Later," a four-year old article dealing with the ill-advised decision to have the world's reserve currency dump the gold standard.The US economy and those of the world in general is at or is fast approaching that life span of about 40 years. These economies are moving at different speeds and thus are of differing maturities but one thing is common. Too many of them rely on some form of...
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...