Archives for April 2014

Fixing Obamacare website to cost taxpayers $121 million

New documents reveal that it will cost taxpayers $121 million in order to repair and renovate the Obamacare website (HealthCare.gov), which is actually $27 million more than it cost to build in the first place. The Republicans are jumping on this … [Read more...]

Warren Buffett won’t pay more in taxes than what he’s required to

America’s favorite billionaire, Warren Buffett, is at it again with even more hypocrisy. This time, speaking in an interview with Fortune, Buffett has gone on record as saying that he won’t pay more in either personal or corporate taxes than what … [Read more...]

Personal Financial Collapse Continues: Millions have zero cash savings

Are you living paycheck to paycheck? Well, you’re not the only one after a new study by three academic economists discovered that 38 million households in the United States are living paycheck to paycheck, including 25.5 million that are described as … [Read more...]

Sterling & Racism: Free markets still outweigh discrimination

Last week, an audio tape of a conversation between Los Angeles Clippers owner Donald Sterling and his half-black and half-Mexican girlfriend, V. Stiviano, was released to the media. Since then, Sterling has been called a racist, but the tape seems to … [Read more...]

Week in Review: Apr. 21 – Apr. 27

In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Dilbert Is Right: Business (or government) travel is a waste of time Government wants your money – … [Read more...]

15 ways to save money (infographic)

Are you terrible with money? It’s nothing to be ashamed about – we’ve reported on the numbers on numerous occasions. If you need a little bit of help to start improving your personal financial situation today then this infographic entitled “Reality … [Read more...]

Americans facing a retirement crisis

Let’s face it: we all want to be a lazy bones (as the old Hoagy Carmichael song goes) in retirement. Unfortunately, in today’s difficult economy, that seems to be an impossible feat to achieve for many. The latest annual Gallup Economy and … [Read more...]

Ben Bernanke admits he couldn’t sell QE to general public

Former Federal Reserve Chair Ben Bernanke told a group of economists and financial professionals in Toronto during a speech at the Economic Club of Canada on Tuesday that it was very hard to sell the central bank’s immense quantitative easing … [Read more...]

Why does Seattle hate immigrants? Businesses warn $15 minimum wage will hurt them

Seattle Mayor Ed Murray – as well as Seattle Socialist City Council member Kshama Sawant – has proposed raising the city’s minimum wage to $15 per hour, a large sum that is not based on any economic theory or models and one that would hurt the … [Read more...]

Liberal political commentator wants to ban, confiscate wealth (video)

Some so-called intellectuals in our society these days really come up with the most asinine methods to solving issues affecting the country. This is no more apparent than listening to the words of Thom Hartmann, a liberal political commentator and … [Read more...]