Category Archives: Economics

Economic policies, business, investing, saving, banking, currency

Good News: “Georgia seeing huge decrease in food stamp use”

“Georgia is seeing a huge decrease in the number of people receiving food stamps, due in large part to the improving economy. But there’s also a brewing national debate on whether some people still on food stamps are taking advantage … Continue reading

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“Swiss take action over insider trading, market manipulation”

“Switzerland’s financial markets authority said Friday that it has taken action in two separate cases of insider trading and market manipulation, seizing millions of Swiss francs (dollars) of illegal profits and banning three traders from the industry. The authority, FINMA, … Continue reading

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Good News: “Bankers face prison as Denmark gets tough on money laundering”

“Danish authorities are to tighten anti-money laundering laws following the recent revelations in the so-called Panama Papers. The proposal is longer prison sentences for individuals involved in financial crimes… The Panama Papers investigation last year uncovered that around 500 banks … Continue reading

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Robbery: Feds Collect Record Taxes in May; Still Run Deficit

“The U.S. Treasury hauled in $240,418,000,000 in total taxes in the month of May, setting a record for inflation-adjusted tax revenues for that month of the year, according to the Monthly Treasury Statement released this week. Despite these record revenues, … Continue reading

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“Amazon is buying Whole Foods for $13.7 billion”

“Amazon (AMZN) is buying Whole Foods (WFM) for $13.7 billion, the companies announced on Friday. In a statement Friday morning, the online retailer said it would buy the high-end grocer for $42 per share, more than the $33.06 per share Whole Foods … Continue reading

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“What’s the difference between a ‘Hard’ vs ‘Soft’ Brexit?”

Translation: “Free movement” is equivalent to open borders. Soft Brexit also means Britain would still be subject to E.U. laws.

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Good News: “First New Coal Mine of Trump Era Opens in Pennsylvania”

“President Trump lauded the opening of the nation’s first new coal mine in recent memory. Corsa Coal Company will operate the mine in Somerset County, Pa. – outside of Pittsburgh. Corsa CEO George Dethlefsen said the mine will be a … Continue reading

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