Who says there is no wage growth? Certainly not the Labor Department, at least when it comes to black workers. In a release on Thursday, the DOL reported that seven years after the "end" of the recession, median wages for full-time black workers jumped by 9.8% in the Q3 - the biggest quarterly jump since record began in 2000.
Say what you want about Donald J. Trump, but he is correct about one thing: the Federal Reserve has, with near certainty, been holding interest rates down for political purposes - namely, to aid Hillary Clinton in getting elected president of the United States.
"I am concerned that the appointment for Treasury Secretary offers either a great opportunity or a lost one or in one case would create a future problem. The latter, obviously, is Larry Summers who is... arrogantly unpleasant to his subordinates, dismissive to his equals and pandering to his superiors."
Does this seem like a fact?:"We believe, based on the scope and sensitivity of these efforts, that only Russia’s senior-most officials could have authorized these activities. However, we are not now in a position to attribute this activity to the Russian Government."
President Obama’s High Command at the Fed has had the luck which Napoleon looked for in his generals. The exercise of two Yellen puts seems to have delayed the late dangerous stage of asset price inflation to beyond 2016 Election Day.
When the media bias is so brazen, overwhelming and one-sided... RIGGED is absolutely an appropriate word to use. It’s not sad or disgusting that Trump is questioning the purity of the process or alleging that the election is rigged against him. It’s sad that it’s actually happening… and that the establishment which is actually doing the rigging refuses to even entertain the possibility that it’s true. This is banana republic stuff, plain and simple.
"In this venue, your honours, in this venue, I announce my separation from the United States," Duterte said to applause at a Chinese forum in the Great Hall of the People attended by Chinese Vice Premier Zhang Gaoli. "Both in military, not maybe social, but economics also. America has lost."
Nigeria National Petroleum Corporation lowered by at least $1 a barrel its official selling prices (OSPs) for 20 out of 26 oil grades. Qua Iboe, Nigeria’s largest export crude under normal circumstances, was reduced by the most since 2014. The reason for the dramatic price cuts according NNPC, the state oil company, is a “huge cargo overhang" as the country attempts to regain market share.
“The professional recruiters are targeting not only potential lower level agents, but also highly qualified medicine, transport, oil industry and linguistics specialists as well as, importantly, those who could map out media strategies for the global terrorism projects.”
Welcome to the post-Galaxy Note 7 world, where every exploding smartphone instantly makes the news. As BGR reports, an iPhone 7 owner appears to be the latest victim, claiming that he left his iPhone 7 in his car and came back to find the vehicle filled with smoke with the interior badly burned. While the cause of the fire hasn’t yet been confirmed by officials, photos from the scene show that the fire indeed destroyed the interior of the car.
Battling a barrage of negative headlines about rising health insurance premiums and shrinking doctor networks for people participating in the program, Obama will speak in Florida about the need for a "public option" and will urge more young, uninsured people to sign up for the subsidized insurance plans offered under the law.
Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed. The American ruling Elite has lost the consent of the governed. This reality is being masked by the mainstream media, mouthpiece of the ruling class, which is ceaselessly promoting two false narratives...
Donna Brazile was noticeably uncomfortable for every second of this 10-minute interview with Megyn Kelly of Fox News..."I will not sit here and be persecuted because your information is totally false.”
Portfolio managers at hedge funds, facing an exodus of investors frustrated with high fees, are about to feel the pain from an estimated 34 percent reduction in their compensation. “2016 should prove to be a belt-tightening year. This pessimistic viewpoint is justified, given the poor industry performance.”