One of the worst things about many U.S. billionaires, like Warren Buffett, is that they keep demanding to pay higher taxes. If they want to fork over more of their income, then why can’t they simply write a check to the U.S. Treasury Department? On Sunday, speaking in an interview with CNN‘s Fareed Zakaria, Microsoft […]
Archives for February 2018
China warns retaliation as U.S. considers heavy aluminum, steel tariffs
Since President Donald Trump entered the Oval Office, the U.S. government has imposed a plethora of tariffs on exports, ranging from Canada’s softwood lumber to China’s aluminum foil. But the president isn’t stopping there, and this could be bad news for Americans. On Saturday, the Chinese government warned that it could retaliate with necessary measures […]
Bullet prices rising amid booming commodity prices
In a Republican-controlled country, it is a bad time to own gun stocks. During the Obama years, there were constant threats about gun control and gun confiscation in a Democrat-controlled White House, which prompted Americans to purchase firearms as quickly as possible. Today, the GOP is still pretty adamant about defending gun rights. As a […]
Week in Review: February 12 to February 18
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: Ontario sheds 50k part-time jobs amid rising minimum wage WATCH: Can climate models predict climate change? White House releases 55-page, $1.5 trillion infrastructure spending plan Trump budget will […]
REPORT: Investors withdrew $6.3 billion from U.S. junk bond funds
How did your stock portfolio and mutual funds fare during last week’s volatile sessions? It was a roller coaster ride, and it is likely just a glimpse into the near future. But it was so bad that a particular market took quite the beating: junk bonds. According to Bloomberg, investors sold $6.3 billion from U.S. […]