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 federal debt figure of $1,993,375,000,000. Since the beginning of 2009, the amount of debt that the […]
Archives for August 2013
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 group of states. Earlier this month, New York Governor Andrew Cuomo […]
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 numerous firms associated with bitcoin. Now, the German federal government has deemed bitcoin as a “unit of […]
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, politicians, unions and labor organizations have lambasted the private sector for taking advantage of […]
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 Stock Exchange. “That is remarkable,” said Faber, […]