Do you believe that the New York Stock Exchange shut down because of a “technical glitch” on Wednesday? At 11:32 AM on Wednesday morning, trading on the New York Stock Exchange was halted due to “internal technical issues”, and it did not resume until 3:10 PM. Officials insist that there is no evidence that a cyberattack caused the technical problems even though hactivists had hinted that something may happen the night before. Adding to the suspicion is the fact that United Airlines and t... (more)
Given the choice between a free Hershey bar and a silver bar worth $150, people on the streets of San Diego chose the chocolate bar – another jaw-dropping illustration of how ignorant Americans are when it comes to precious metals.
Mark Dice’s previous video showed him attempting to sell the 10oz silver bullion for as little as 99 cents, wi... (more)
A global stock market crash has begun. European stocks are crashing, Chinese stocks are crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too. In so many ways, it se... (more)
July 6 -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the contagion risk posed by the Greek debt crisis and the prospects for a resolution. Faber, speaking with Olivia Sterns and Matt Miller on Bloomberg Television's "Bloomberg Markets," also discusses the Chines stock market.
Chicago has just expanded their 20-year-old "amusement tax" law -- yes they have a tax on amusement -- to apply to streaming services like Netflix and Spotify, but according to the mayor's spokeswoman, this expansion of the law is not an expansion of the law, it's just a clarification of the law in the name of "fairness."
From the Chicago Tribune:
Chicagoans who pay to stream movies and music from services like Netflix and Spotify will now need to fork over
While the White House again is smiling through its teeth and claiming, “the strongest two-year job growth since 2000,” a record-setting 93,626,000 Americans did not even participate in the nation's labor force at all in June 2015.
That means that 93.6 million Americans age 16 or older who were not in the military or institutionalized did not hold down a job and didn’t try to find one... (more)
Oregon — While marijuana legalization activists are cheering on the states end to pot prohibition this Wednesday, the way the law is set up has many shaking their heads.
Thanks to the 56 percent of Oregon residents voting in favor of Measure 91 last November, come this Wednesday, all residents 21 and older will legally be allowed to possess and use recreational reefer. There is, however, a catch, no one can sell it or buy it.
If Oregonians want to partake in the pot... (more)
Greece cannot pay its debts…ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor members of the EU pay up? The financial consequences of massive default by most of the EU members is hard to predict, but it won’t be pretty. Europe has built a financial house of cards, and the slightest loss of confidence will bring it crashing down.
Prankster Mark Dice’s latest video proves that Americans have absolutely no idea about the value of precious metals. Asked if they would like to purchase a 10oz silver bar worth $160 for just ten bucks, every single one refused.
What makes the footage even more jaw-dropping is that Dice was stood feet away from a coin shop, where anyone could h... (more)
Since it's inception, recycling has always been a scam. With the exception of aluminum, all recycled products require more energy to be "recycled" than to be made fresh. Nonetheless, governments and environmentalists have profited off such schemes as recycling plants serve as both a handout to politically connected corporations and a jobs scheme for opportunist politicians. The scam is finally now coming to an end as the economic reality is setting in.
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A survey conducted by the Pew Research Center gauges the opinion among citizens of various countries of the free market. They were asked if they agreed that under such a system the majority is better off even though some are rich and some are poor. The results invite interesting conclusions.
People in emerging countries have more faith in the market than those in developed societies. Among the latter, between... (more)
Even though Kanchan Singh is a born optimist, there were moments when she thought her dream of starting Washington, DC's first cat cafe would never get its paws off the ground.
Singh, 24, got the idea for her first business venture while backpacking in Thailand. Walking among the temples and medieval city walls in the city of Chiang Mai, Singh s... (more)
With the temperature in Washington, D.C. in the mid-90s, it is perhaps worthwhile to recall what life was like before the arrival of air-conditioning. Below are a few excerpts from a New Yorker essay about air conditioning penned by the great Arthur Miller in 1998:
Exactly what year it was I can no longer recall--probably 1927 or '28--there was an extraordinarily hot September, w
