World's Richest Woman Dies Age 94

Alice Walton, of Wal-Mart family infamy, is now the richest woman in the world, as The FT reports Liliane Bettencourt, the heiress of cosmetics giant L’Oreal and world’s richest woman, has died at the age of 94.

Five Bitcoin Crashes (And What You Can Learn From Them)

"With Bitcoin price reaching a new high of $5,000 recently, and then dumping back down to nearly $3,000, it’s been a wild ride this month... Since Bitcoin began, there have been some major crashes, but there have also been some good lessons to learn."

Are These Two Companies Proof That The Housing Bubble Is Back?

Regulations designed to thwart speculative housing bubbles (regulations that likely wouldn't be required if banks were simply allowed to suffer the consequences of their bad financing decisions) are only as good as the latest business model designed specifically to evade them.

Bay Area Sues Big Oil For Billions

The cities of San Francisco and Oakland have filed lawsuits against Chevron, Exxon, ConocoPhillips, BP, and Shell for the effect of their activities on climate change: higher sea levels. The cities seek billions in damages to counteract the effects of the changing climate.

Household Wealth Hits A Record $96.2 Trillion... There Is Just One Catch

In the second quarter of 2017, US household net worth rose by $1.7 trillion, reaching a record $96.2 trillion as the stock market soared and home prices hit new record highs. But while it would be great news if wealth across all of America had indeed risen as much as the Fed claims, the reality is that there is a big catch...

Trump Launches New Sanctions On North Korea Through Executive Order

As Gen. McMaster previewed earlier in the day, moments ago President Trump announced a new executive action that "significantly expands" US authority to target individuals, companies and financial institutions that finance or facilitate trade with North Korea.

Embrace The Suck: Debt-Serdom and Our Neofuedal Status Quo

"...education will really work - with the result that most men and women will grow up to love their servitude and will never dream of revolution... the victim of mind-manipulation does not know that he is a victim. To him, the walls of his prison are invisible, and he believes himself to be free. That he is not free is apparent only to other people. His servitude is strictly objective."

Bill Blain: "Let's Pretend"

"Let’s pretend there is not a storm of contradictory bluster and threats facing Europe – which central bankers should ignore at their peril."