News Story of the Day: Once prominent solar firm SunEdison Inc has officially filed for bankruptcy. After reports of the insolvency being imminent, the company finally filed for bankruptcy protection Thursday. SunEdison, which used to have a value of $10 billion, lost much of its worth over questionable acquisitions, growing debt levels, legal woes and […]
Archives for April 2016
Earth Day: A time to turn on your lights, run your air conditioner and celebrate technology
On April 22, millions of people all over the world will come together, hold hands and celebrate Earth Day. This is the day that is meant to agree and show support for environmental protection initiatives. It’s an admirable concept, but it’s still a day with feigned and hypocritcal outrage. Let’s face it: Earth Day is […]
ECB keeps subzero interest rates unchanged BUT open to further rate cuts down the line
Low rates continue, helicopter money grows. The European Central Bank (ECB) announced Thursday that it will keep its interest rates the same. ECB President Mario Draghi confirmed that its keeping its main refinancing rate unchanged at 0.0 percent; the marginal lending rate unchanged at 0.25 percent and the deposit facility rate unchanged at -0.4 percent. […]
Donald Trump wants to keep interest rates low, prefers not to be ‘aggressive’ in paying off $20 trillion debt
Surprisingly, the only current presidential candidate that is mentioning anything at all about the Federal Reserve is Donald Trump. Hillary Clinton has remained quiet, Bernie Sanders ignores it entirely and Ted Cruz, who was pretty good at the start, hasn’t said anything lately (SEE: David Stockman asks valid question: ‘Why does the Federal Reserve get […]
RIP Andrew Jackson; U.S. Treasury places Harriet Tubman on $20 banknote
It’s official! United States Treasury Secretary Jack Lew announced Wednesday that he is kicking off Andrew Jackson from the $20 banknote and is replacing the former president with abolitionist Harriet Tubman. Meanwhile, statist Alexander Hamilton will stay on the $10 bill. As part of a 10-month discussion, Lew will appease women’s organizations who want better […]