With a price hovering around $1,600 an ounce and the prospect of "additional monetary accommodation" hinted to in the latest meeting of the Federal Reserve's Federal Open Market Committee, gold is once again becoming a hot topic of discussion.
George Soros made news recently when a filing with the Securities and Exchange Commission revealed that he had liquidated his position with major financia... (more)
Did you know that median household income in the United States is lower today than it was when the last recession supposedly ended? If we are in the middle of an "economic recovery", how can this possibly be happening? Stunning new statistics compiled by Sentier Research show that the U.S. economy is not nearly as healthy as we have been led to belie... (more)
Marc Faber discusses what opportunities are likely to emerge for institutional investors if sovereign debt continues. He assesses the possible impact of social and political unrest in North Africa and the Middle East, and how hedge funds can invest in emerging markets.
Prepare yourself, Samsung products are now going to be more expensive, as well as Apple's now that they've won $1.05 billion off their biggest competitor.
Incidentally, Samsung is also Apple's biggest customer. Isn't it neat the way stupid laws get people who are working in harmony at each others necks? The purpose of law is to avoid conflict, intellectual property laws only serve to create it, but same goes for most of the 800,000 laws and regulations on the books, so what's ... (more)
As you've likely heard, Apple and Samsung continue to duke it out in what commentators have calledthe "patent trial of the century." The case involves more than three dozen devices (such as iPhones, iPads, and Galaxy phones and tablets) and various patents, allegedly covering Apple's designs, "double-click-to-zoom," 3G technology, and various other functionalities. But what's really at stake? ... (more)
The latest RIAA tax filing shows that the revenue generated by the anti-piracy group has reached a new low. In just two years the membership dues from music labels have been cut in half and have now sunk to below $30 million a year. While the group has 72 employees, payouts to the top two executives including CEO Cary Sherman amount to more than $3 million, some 25% of the total wage bill.
The RIAA has submitted its latest tax filing to the IRS, covering the fiscal year ending Mar... (more)
Inflation has killed the middle class and provided a windfall to Wall Street. The financial sector has outgrown the real economy substantially over the past 30 years. The financial sector no longer exists to allocate capital but rather to act as the "house" in the largest casino that the world has ever known. This means that over time the sector will revert to the mean... (more)
