Archives for August 2013

U.S. secret intelligence budget is $52.6 billion: Edward Snowden

The United States federal government publishes annual information regarding the level of intelligence spending since 2007, but it regularly refuses to release any additional information, such as what it uses the funds for or how it carries out the … [Read more...]

Report suggests Alberta should cut back on government employees to pay for rebuilding efforts

In June, the province of Alberta suffered from catastrophic flooding and was the worst in the history of the province. At least four people were killed, more than 100,000 residents were displaced and around 2,200 Canadian Armed Forces soldiers were … [Read more...]

Sen. Boxer throws her support behind $10 minimum wage

During this year’s State of the Union Address, President Obama informed the American people that he would be seeking a $9 minimum wage sometime during his tenure in the White House. Not everyone was pleased with the number, though, and some are now … [Read more...]

Report: Canadian seniors facing ‘scary’ debt loads in retirement

It isn’t just students and middle-aged households that are facing tremendous debt levels. A new report from Equifax Canada released Monday shows that total consumer debt rose 6.1 percent, or $77 billion, in the second quarter of the year. In … [Read more...]

Delta healthcare costs to increase to $100 million due to Obamacare

It has long been reported over the past two years of the negative effects and consequences that will come out of President Obama’s Affordable Care Act. Whether it’s rising healthcare premiums, companies shifting their employees into part-time hours … [Read more...]

Report: Federal Reserve owes $2 trillion in U.S. debt

For the first time in its 100-year history, the Federal Reserve has confirmed in its newest weekly account that it is holding more than $2 trillion in United States Treasury securities, specifically $2,001,093,000,000. This is up from last week’s … [Read more...]

Don’t pay your taxes? Prepare to lose your driver’s license

If you owe your respective state government at least $1,000 in back taxes and have used up all of your appeals then your state could take away your driver’s license as part of the recent driver’s license suspension program being adopted by a small … [Read more...]

German government declares bitcoin private money, subject to tax

Despite the rising popularity of bitcoin and its expansionary plans, governments are trying their hardest to ground and pound the alternative currency. Last week, it was reported that the New York Department of Financial Services issued subpoenas to … [Read more...]

White House under fire for not paying interns

Over the past couple of years, hundreds of unpaid interns have filed lawsuits against their employer for not being paid after they have completed many hours of labor and performing tasks that are not part of their job description. For years, … [Read more...]

Marc Faber indicates stocks are in bubble territory, urges play for gold

Marc Faber, the editor of the Gloom Boom & Doom Report, spoke to CNBC on Friday and warned that the stock market is currently in a bubble and pointed to several figures to make his case: last week, there were 400 new 12-month lows on the New York … [Read more...]