After reaching just over $40 per barrel late last month, the price of crude oil has been gradually climbing, suggesting to some financial experts that the collapse in oil prices is slowly coming to an end. The price of oil is now trading at around the $50 mark. According to one finance guru, we may […]
Archives for February 2015
Week in Review: Feb. 16 to 22
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: Chart shows Democrats embrace big business cronyism Report: 4 risks that threaten the end of the world (hot) WGC: Central banks acquired 477.2 tonnes of gold in 2014 […]
Report says Obama family charged taxpayers $2.5 million for Valentine’s Day weekend vacation
President Obama and First Lady Michelle Obama continue leading quite the lavish lifestyle all on the taxpayers’ dime. According to a new report, the First Family’s Valentine’s Day getaway, which was spent separately, was very expensive: at least $2.5 million. The president spent the day golfing and delivering a speech in the state of California, […]
Poll: Most Americans support higher minimum wage, paid sick leave
A new Associated Press-GfK poll shows that a majority of Americans support a higher minimum wage as well as forcing employers in providing paid sick leave and parental leave to its staff. This suggests that President Obama certainly has support from the general public in this regard as he proposed all three in his latest State of the […]
Video: Do the rich pay their fair share?
The debate may have been exhausted, but it’s worth taking another look at the important question of: do the rich pay their fair share? Although the general consensus in the United States is that the government should take more wealth away from the affluent to help bomb Muslim countries and make interest payments, a new […]