The great interest rate rip off part 10

The pound has fallen to its lowest level against the dollar for nearly five years on weak UK industrial output figures and uncertainty over the election outcome.

Majestic Wine buys Naked Wines

General Electric sells off property

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interestrateripoff · April 10, 2015

Sterling plummets to five-year low as economic slowdown looms

Pound falls to $1.458 after collapse in construction and industrial data point to pre-election problems for the Chancellor

195 Comments

Fears of pre-election hit to UK property market have been overplayed, say analysts

Majestic Wine 'buys' a new boss with acquisition of Naked Wines

High street wine retailer acquires online rival and appoints its founder as their new chief executive of the combined group

7 Comments

Deutsche Bank on brink of biggest Libor-rigging fine

German financial giant set to exceed $1.5bn paid by UBS over rigging of interest rate benchmark

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Gatwick steps up runway fight with £20m fund

Gatwick to launch fund to boost internal UK flights if it wins contest with Heathrow to get an additional runway

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Gilts strike as foreigners shun UK on gridlock fears

The worry is that the latest gilts strike by foreigners may be part of longer term 're-rating' of the UK economy

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General Electric calls time on its finance business

GE Capital will be sold over the next three years as the group returns to its industrial roots

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Blur Group plummets as watchdog probes accounts

Marketplace for business services delays results under scrutiny over sales bookings

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Facebook battles to avoid landmark privacy trial

Social network argues activist Max Schrems' allegations over tracking and cooperation with intelligence agencies should not be heard in Austrian court

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Ed Miliband’s non-dom pledge ‘ignores all the evidence’

A Labour pledge to abolish the non-dom system could put off valuable immigrants, from footballers to inventors, report warns

136 Comments

ECB boosts Greek banks as IMF default is averted

Athens steps back from threats to renege on the International Monetary Fund as hopes of bail-out deal rise

Tory plan for more paid holidays is a Labour-style blunder

Poundland is giving people what they want, so why don't regulators realise that

interestrateripoff · April 10, 2015

Middle Class, but Feeling Economically Insecure

By PATRICIA COHEN 1:28 PM ET

A perspective that was once characterized by comfort and optimism has increasingly been overlaid with stress and anxiety.

23 Comments

H. Armstrong Roberts/Corbis

A backyard scene from 1957. Many Americans sense that they are failing to keep up with the gains of previous generations.

G.E. to Retreat From Finance in Post-Crisis Reorganization

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED

G.E. will sell most of its finance arm, focusing on its core industrial operations as it completes a transformation begun during the financial crisis.

General Electric’s Move on Overseas Cash Highlights Tax Debate

By MICHAEL J. de la MERCED 1:45 PM ET

At $6 billion, the company’s expected tax bill could be “multiples” less than what analysts had estimated.

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G.M. Steering Issue Pushes Automaker’s Limits

By CHRISTOPHER JENSEN 1:18 PM ET

General Motors’ handling of a recent problem in its vehicles sheds new light on what the company and regulators consider an issue worthy of a recall.

China Is Said to Use Powerful New Weapon to Censor Internet

By NICOLE PERLROTH

The tool allows Beijing to intercept foreign web traffic and inject malicious code, and it could have more powerful capabilities.

Her Stinging Critiques Propel Young Adult Best Sellers

By ALEXANDRA ALTER

Julie Strauss-Gabel, whose stable of star writers is reshaping children’s literature, is known for her unconventional taste and stinging critiques.

Listeria in Sabra Hummus Prompts New Wave of Recalls

By RACHEL ABRAMS

The discovery of the potentially lethal bacterium has been linked to three deaths and five illnesses in Texas and Kansas.

Brought by Wild Neighbors, Deadly Bird Flu Attacks Turkey Flocks

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So far, under a million birds have been culled, a small part of the 240 million raised a year. But farmers must destroy entire flocks to keep the virus from spreading.

News Corp. and 21st Century Fox Consider Move to World Trade Center Site, Officials Say

By CHARLES V. BAGLI 57 minutes ago

The companies, which include Fox News Channel and The Wall Street Journal, have been in discussions for months to build a joint headquarters in an 88-story skyscraper, officials said.

Deutsche Bank Nears Plea Deal Over Libor Manipulation

By BEN PROTESS and JESSICA SILVER-GREENBERG

The settlement, which involves federal, state and British authorities, would be one of the last cases to arise from the sweeping inquiry into manipulation of the benchmark interest rate.

interestrateripoff · April 10, 2015

How Much Longer Can OPEC Hold Out?

Just One Third Of All Loans Are NOT Covenant-Lite

“Facts Do Not Cease To Exist Because They Are Ignored”

Total Rig Count Decline Fastest Since 1986 As Weekly Rig Count Drop Re-Accelerates

Nikkei Hits 20,000 After Japan's Economy Minister Says "Bubbles Are Good"

How To Shut Someone Up The Next Time They Blame The Winter For The Economic Collapse

Fed's 'Bad Cop' Lacker Sees "Substantial" FOMC Support for June Rate Hike, Economic Weakness "Transitory"

Today's Money Regimes Are Doomed To Failure

How GE Will Fund The Largest Stock Buyback In History

Auto Import Prices Tumble Most On Record As Import Prices Plunge Most Since Financial Crisis

GE Announces One Of Largest Buybacks In History, Will Repuchase $50 Bn In Shares After Selling Most Of GE Capital

Asia Superbubble Unstoppable: Hong Kong Up 10% In Past Week; Soaring Dollar Pushes Euro Back Under 1.06

Spelling Out The Big Reset

interestrateripoff · April 10, 2015

Why The BRICs Are Less Worried About The Next Crash

When You Think The Financial World Can’t Get Any Crazier… This Happens

Wall Street's Biggest Banks May Have To Make Good On $26 Billion In Oil Hedges

"Do Not Worry! Do Not Panic!" Warns Hong Kong Exchange CEO Ahead Of Today's Market Open

"Another Crisis Is Coming": Jamie Dimon Warns Of The Next Market Crash

Teachers Warn Of "Victorian" Poverty As Socks In Short Supply And Stocks At All-Time Highs

Can't Wait To Read Bernanke's Memoirs? Here Are All The Timeless Statements By The Former Fed Chairman

interestrateripoff · April 11, 2015

http://www.yesmagazi...ed-and-scarcity

BERNARD

: Money is like an iron ring we've put through our noses. We've forgotten that we designed it, and it's now leading us around. I think it's time to figure out where we want to go - in my opinion toward sustainability and community - and then design a money system that gets us there.

SARAH

: So you would say that the design of money is actually at the root of much else that happens, or doesn't happen, in society?

BERNARD

: That's right. While economic textbooks claim that people and corporations are competing for markets and resources, I claim that in reality they are competing for money - using markets and resources to do so. So designing new money systems really amounts to redesigning the target that orients much human effort.

Furthermore, I believe that greed and competition are not a result of immutable human temperament; I have come to the conclusion that greed and fear of scarcity are in fact being continuously created and amplified as a direct result of the kind of money we are using.

For example, we can produce more than enough food to feed everybody, and there is definitely enough work for everybody in the world, but there is clearly not enough money to pay for it all. The scarcity is in our national currencies. In fact, the job of central banks is to create and maintain that currency scarcity. The direct consequence is that we have to fight with each other in order to survive.

Money is created when banks lend it into existence (see article byThomas Greco on page 19). When a bank provides you with a $100,000 mortgage, it creates only the principal, which you spend and which then circulates in the economy. The bank expects you to pay back $200,000 over the next 20 years, but it doesn't create the second $100,000 - the interest. Instead, the bank sends you out into the tough world to battle against everybody else to bring back the second $100,000.

interestrateripoff · April 11, 2015

http://www.yesmagazi...uble-with-money

Thomas Greco posted Jun 30, 1997

What's wrong with money? In order for money to come into circulation, someone must go into debt to a bank. Money is created by bank credit, which must be borrowed into circulation. When you borrow money from a commercial bank, the bank charges usury (called interest). It is this usury feature of bank credit money that is causing debt to grow exponentially throughout the world. The exponential growth of debt, in turn, puts pressure on the economy to also grow exponentially which, of course, in the long run is impossible. Among the consequences of this cancerous growth of debt are the voracious consumption of natural resources, the production of superfluous goods, and the maldistribution of wealth. Though there is a plethora of symptoms, these derive from three primary ways in which bank-credit money malfunctions.

First, is its artificial scarcity. There is never enough money to allow every debtor to pay what is owed to the banks. The debt grows simply with the passage of time as interest compounds, but the supply of money to pay those loans plus interest can only be maintained as the banks make additional loans. These new loans have the same problem. Thus, businesses and individuals are forced to compete for markets and scarce money in a futile attempt to avoid defaulting on their debts. The system requires that some must fail. Capital wealth becomes ever more concentrated in giant corporate conglomerates, which must seek higher returns on their investments. They are driven to expand their markets and dominate economies, often through government's application of military power and "covert operations" to assure the continued flow of low-priced raw materials and the availability of low-cost labor.

interestrateripoff · April 11, 2015

http://www.yesmagazi...y-versus-wealth

David Korten

What is this madness? The economy is booming. The stock market is setting new records. The US is again heralded as the world's most competitive economy. We are assured that we are richer than ever before and getting richer by the day.

Yet we are also told there is no longer enough money to provide an adequate education for our children, health care and safety nets for the poor, protection for the environment, parks, a living wage for working people, public funding for the arts and public radio, or adequate pensions for the elderly. According to the official wisdom, even though richer, we can no longer afford what we once took for granted. How is this possible? What's gone wrong?

A quick hint. The problem most definitely is not a lack of money. The world is awash in it. The world's 450 billionaires alone have combined financial assets greater than the combined annual incomes of half of humanity.

The problem is this: a predatory global financial system, driven by the single imperative of making ever more money for those who already have lots of it, is rapidly depleting the real capital - the human, social, natural, and even physical capital - on which our well-being depends.

The truly troubling part is that so many of us have become willing accomplices to what is best described as a war of money against life. It starts, in part, from our failure to recognize that money is not wealth. Wealth is something that has real value in meeting our needs and fulfilling our wants. Modern money is only a number on a piece of paper or an electronic trace in a computer that by social convention gives its holder

a claim

on real wealth. In our confusion we concentrate on the money to the neglect of those things that actually sustain a good life.

interestrateripoff · April 11, 2015

Welcome to No 10 … but do prime ministers really move the stock market?

Pundits fear that shares may slump after an inconclusive result on 7 May. But investors in a globalised world have more to worry about than a hung parliament

17 comments

Welcome to No 10 … but do prime ministers really move the stock market?

Sterling hits five-year low against dollar as poll fears spook investors
- Economy UK slowdown predicted as North Sea output falls
- FTSE 100 ends week on record high
350 comments

Sterling hits five-year low against dollar as poll fears spook investors

[*]

Traditional books on paper open a new chapter of success

15 comments

Traditional books on paper open a new chapter of success

[*]

Buy-to-let landlords earn returns of up to 1,400% since 1996

1,402 comments

Buy-to-let landlords earn returns of up to 1,400% since 1996

[*]

JCB: Britain’s yellow digger, a money machine scooping up sales of £2.6bn

3 comments

JCB: Britain’s yellow digger, a money machine scooping up sales of £2.6bn

interestrateripoff · April 11, 2015

Majestic splashes out £70m to acquire wine rival and its boss

Around £20m of the purchase price will go to Mr Gormley

Weak construction set to slow GDP growth

Flood insurance scheme is put on ice

Aviva slashes bosses' awards after investor intervention

Max-Herve George's legal war with Aviva: The dusty old policy that proved a golden ticket

Apple Watch: as pre-orders open, many will have to wait months for smartwatch to arrive

General Electric agrees $26.5bn property portfolio sale

TV5Monde hack: staff accidentally show passwords in report about huge cyber-attack

Max-Herve George: The man fighting a merciless legal war against insurance giant Aviva

Facebook, Google or LinkedIn: Which tech company offers the best salary?

interestrateripoff · April 11, 2015

BlackRock: Fed tightening to trigger market tremors as liquidity evaporates

Complacent investors will be hurt as Fed raises rates, says BlackRock, as managing director warns central banks are running out of ammunition to deal with next crisis

Comment Pinewood film studios to battle activist investor again

Pinewood chairman Michael Grade was targeted by Crystal Amber five years ago, and now prepares for a second onslaught

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Poundland boss 'disappointed and surprised' by 99p Stores ruling

The £55m deal between Poundland and 99p Stores is under threat after Competition and Markets Authority raised concerns about 92 stores

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UK deflation looms as supermarkets step up price war

Britain is on the brink of falling into its first period of falling prices in at least a quarter of a century

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Funds circle for spin-off gains from Shell deal

The world's biggest private equity firms are fighting over Shell's scraps following the BG Group deal

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BP left stranded by US vilification as rejuvinated Shell storms ahead

Banks caught in the middle as Labour and Tories chase votes

There are few votes in standing up for Britain's money lenders. That is, until one of them leaves the country

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ECI leads in the race for Evans Cycles

The private equity firm is seeking to clinch a deal that values the business at around £100m

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Aim market 'has injected £14.7bn into UK economy’

The junior market's impact on the economy is revealed in a new report from the London Stock Exchange

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Valuable contracts to scrap Navy ships being lost to foreign companies

Charles Tyrwhitt founder Nick Wheeler bags £16m pay-out

Founder of luxury shirt retailer sees pay-out rise as profits grow sharply for Charles Tyrwhitt

China a threat? Take some risks like Jack Ma

Why printing money won't save the embattled eurozone

If Iran trade sanctions are dropped, a powerful economy could return to the world stage

interestrateripoff · April 11, 2015

German investment group WCM considers major M&A deal - Welt am Sonntag

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Banco Popolare says tie-up with Pop Milano 'not impossible dream'

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Popolare Milano CEO says open to looking at tie-ups

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Pakistan to raise more than $1 billion via Habib Bank sale

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VW in full-blown crisis as CEO vows to fight - sources

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Shock therapy to spur wave of mergers among Italy's 'popolari' banks

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Pop Milano sees no major impact from changes on DTA

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Popolare Vicenza CEO sees likely capital increase

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German economy minister plays down boost from EU-U.S. trade deal - magazine

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ECB sees risks in Greece's planned home foreclosure law

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China premier says economy faces growing downward pressure

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France's Vivendi says will not bid for Lagardere

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Backlogged orders as shoppers get close-up look at Apple Watch |

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Shell needs to go beyond oil price bet in BG deal

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Backlogged orders as shoppers get close-up look at Apple Watch |

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Takata air bag on Honda Civic linked to another injury

interestrateripoff · April 11, 2015

Risky Moves in the Game of Life Insurance

By MARY WILLIAMS WALSH

Some insurance companies’ complex, and mostly hidden, maneuvers to increase profits for shareholders may end up costing taxpayers and policyholders.

Jon Reinfurt

G.E.’s Retrieval of Overseas Cash Highlights Tax Debate

By DAVID GELLES and MICHAEL J. de la MERCED

The company’s expected tax bill of $6 billion on $36 billion in repatriated cash could be “multiples” less than analysts had estimated.

The Lessons for Finance in the GE Capital Retreat

By PETER EAVIS 9:52 AM ET

In the crisis of 2008, the weakness of GE Capital was a warning about the risks posed by large financial firms that were not banks.

A Shifting Middle

Middle Class, but Feeling Economically Insecure

By PATRICIA COHEN

A perspective that was once characterized by comfort and optimism has increasingly been overlaid with stress and anxiety.

555 Comments

In California, the Grass Is Greener at Coachella

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Gov. Jerry Brown’s water rationing order came too late, say festival organizers, for them to make adjustments for hundreds of thousands of festivalgoers.

For Drinking Water in Drought, California Looks Warily to Sea

By \By JUSTIN GILLIS 1:36 PM ET

To ease its drought woes, a major California metropolis is on the verge of turning the Pacific Ocean into an everyday source of drinking water with a $1 billion desalination plant.

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Applied Science

God Can Help Companies Turn Customers Into Daredevils

By MATT RICHTEL 52 minutes ago

A study by researchers from Stanford found that when the concept of the divine was used in advertising, consumers’ appetite for risk-taking increased.

Hedge-Fund Magnate Robert Mercer Emerges as a Generous Backer of Cruz

By ERIC LICHTBLAU and ALEXANDRA STEVENSON

The reclusive Long Islander who made his fortune using computers to outsmart the stock market is a key early bankroller of Senator Ted Cruz’s fast campaign start.

G.M. Deems Steering Issue Unworthy of Recall

By CHRISTOPHER JENSEN

General Motors’ handling of a recent problem in its vehicles sheds new light on what the company and regulators consider an issue worthy of a recall.

The Haggler

The Shrinking Cellphone Offer You Can’t Refuse

By DAVID SEGAL 58 minutes ago

A website that buys used iPhones, laptops and other electronic gadgets receives complaints about paying sellers less than they were offered.

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By ALEXANDRA ALTER

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New Tack for de Blasio: Wooing Business Leaders He Once Denounced

By ALEXANDER BURNS 12:23 PM ET

The mayor, who railed against big business during his campaign, is making what corporate executives described as a delayed attempt to meet them on their home turf.

interestrateripoff · April 11, 2015

Capital One cuts cashback deals

Cashback credit cards provider Capital One is cutting the rewards it offers on its products, blaming a European Parliament ruling to cap "interchange fees".

Consumers to 'benefit' from card cap

interestrateripoff · April 11, 2015

ECB Tries To Fix Money Markets It Broke, Fails

Who Will Control The World’s Water: Governments Or Corporations?

Deutsche Bank Upgrades "Full Throttle" Hong Kong Exchange, Crazed Housewife Day Traders Cheer

Draghi Is No Longer Bernanke's Best Friend (Or The End Of The Mainstream Theory Of QE)

Why The Fed Thinks The Middle Class Is In Worse Shape Than You Think, In Four Charts

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Dust Bowl 2.0: California's Historic Drought About To Get Even Worse As "Snowpack Melts Early Across The West"

Portrait Of American Oligarchy: The Very Troubling Income & Wealth Trends Since 1989

Chinese Economy "A Lot Worse Than You Think," Bloomberg Says

White House Admits, US States Need To Be Better Prepared For Fiscal Volatility

interestrateripoff · April 11, 2015

Japan QE Limit Approaching As Goldman Says BoJ Risks Losing Crediblity

Martin Armstrong Asks: "Is There Something Behind The Power Outage In Washington DC?"

"I Wouldn't Say It's A Bubble," HSBC China Strategy Chief Says Of The Country's Leverage-Driven, Equity Frenzy

Here's The Chart That Deutsche Bank Says Everyone Needs To Look At

5 Things To Ponder: Don't Fight The Fed

Friday Humor: DOJ Bars Employees From Whoring; CBO Says It Won't Cost Taxpayers

Fear Or Froth: Zero Rates Are Simply No Longer Needed

How Much Longer Can OPEC Hold Out?

interestrateripoff · April 12, 2015

Analysis Aid? What aid? Why the UK ignores its own record

Larry Elliott

8

Aid? What aid? Why the UK ignores its own record
UK economy poised to welcome deflation for first time since 1960

Falling energy costs and a supermarket price war may force the inflation rate below zero for the first time in more than five decades
- Economy Inflating in a negative fashion
46 comments

UK economy poised to welcome deflation for first time since 1960

The Innovators Opendesk, the Airbnb of office furniture?

Office furniture start-up aims to link designers with customers and local makers to cut and deliver pre-designed clip-together plywood units
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Opendesk, the Airbnb of office furniture?
[*]

JCB Britain’s yellow digger, a money machine scooping up sales of £2.6bn

interestrateripoff · April 12, 2015

Airbus needs more time to decide on A380 changes - paper

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IEA sees sharp rise in Iran oil output in 3-5 years post nuclear deal

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VW chairman appears isolated on board after CEO criticism

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Czech central banker says deputy finance minister attacking banking sector

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Italy pins hopes on Milan Expo after corruption, delays

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UPS to invest 1 billion euros in Europe - Wirtschaftswoche

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Julius Baer CEO says has not held deal talks with Credit Suisse - paper

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Dubai's financial court system seeking ties with China

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BDI industry group sees German growth of 2 percent in 2015

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Analysis - Greece may have blown best hope of debt deal

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United States loses sparkle as Europe shows signs of hope

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China-led AIIB will be lean, clean and green - official

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VW in full-blown crisis as CEO vows to fight - sources

interestrateripoff · April 12, 2015

Crippling PFI deals leave Britain £222bn in debt

Exclusive: Treasury data analysis unearths the 'enormous financial disaster' of Private Finance Initiatives

Weak construction set to slow GDP growth

Flood insurance scheme is put on ice

Aviva slashes bosses' awards after investor intervention

Majestic splashes out £70m to acquire wine rival and its boss

Max-Herve George's legal war with Aviva: The dusty old policy that proved a golden ticket

Apple Watch: as pre-orders open, many will have to wait months for smartwatch to arrive

General Electric agrees $26.5bn property portfolio sale

TV5Monde hack: staff accidentally show passwords in report about huge cyber-attack

Max-Herve George: The man fighting a merciless legal war against insurance giant Aviva

interestrateripoff · April 12, 2015

Store workers 'claim £11bn benefits'

Supermarket workers paid the national minimum wage are forced to claim state benefits totalling £11bn a year, according to Citizens UK.

Minimum wage to rise by 20p an hour

How generous is the minimum wage increase?

Tensions at VW amid leadership clash

Divisions emerge in the leadership of German car giant Volkswagen after chairman Ferdinand Piech gives an interview criticising chief executive Martin Winterkorn.

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Labour warns of tax avoidance fines

Inheritance tax plan 'about values'

George Osborne says plans to take many family homes out of inheritance tax support "the basic human instinct to provide for your children".

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interestrateripoff · April 12, 2015

Pension tax relief plans 'damaging and malign', experts warn

Election pledges could distort the tax system and deter retirement saving, according to the Institute for Fiscal Studies and other groups

5 Comments General election chaos could trigger 'Lehman moment' for pound

Experts warn that pound could fall to as low as $1.35 against the dollar over the coming weeks, as traders brace themselves for "messy outcome" after May's general election

3 Comments

Byron plans to open 10 new restaurants every year

Byron is planning to expand despite what it admitted was a crowded market for more expensive burgers

Comment

UK deflation looms as supermarkets step up price war

Britain is on the brink of falling into its first period of falling prices in at least a quarter of a century

17 Comments

Smurfit Kappa 'approached for £6bn takeover'

Irish paper packaging manufacturer Smurfit Kappa is alleged to have been approached by International Paper for a potential takeover

Comment

Phones 4U creditors to learn fate of their money

The failed retailer is expected to return just 0.4p in the pound for unsecured creditors

Comment

Scrapping non-dom tax status would hit bank chiefs

Bank of England governor and top UK bankers would be hit by Labour plans to abolish non-dom status

1 Comment

BlackRock: Fed tightening to trigger market tremors as liquidity evaporates

Complacent investors will be hurt as Fed raises rates, says BlackRock, as managing director warns central banks are running out of ammunition to deal with next crisis

173 Comments

Poundland boss 'disappointed and surprised' by 99p Stores ruling

The £55m deal between Poundland and 99p Stores is under threat after Competition and Markets Authority raised concerns about 92 stores

20 Comments

Wall Street banks to defy US earnings 'recession'

Higher capital market fees and lower legal costs mean banks could be a rare bright spot in America's first-quarter earnings season

British business is more profitable than ever and that will drive economy

The eurozone’s economic crisis is far from over

Is the general election result a NO win for the British property market?

interestrateripoff · April 12, 2015

Despite Federal Regulation, C.E.O.-Worker Pay Gap Data Remains Hidden

By GRETCHEN MORGENSON

An analysis of recent company reports, however, finds that the widest gap exists between the chief executives and workers of Disney, Oracle, Qualcomm and Starbucks.

From left, David Ryder/Reuters; Andrew Gombert/European Pressphoto Agency; John G. Mabanglo/European Pressphoto Agency

How much does a C.E.O. make compared with a typical employee? To get a rough idea, the Center for Economic and Policy Research calculated the gap for some highly paid C.E.O.s. From left: Starbucks’s Howard Schultz, Disney’s Robert Iger, and Oracle’s Lawrence Ellison.

John Dickerson, Political Director at CBS, Named as New ‘Face the Nation’ Host

By JOHN KOBLIN 12:54 PM ET

He will replace Bob Schieffer, the chief Washington correspondent for CBS who has been the host of the Sunday morning show for 24 years.

Her Stinging Critiques Propel Young Adult Best Sellers

By ALEXANDRA ALTER

Julie Strauss-Gabel, the Dutton publisher who has developed many of the star writers who are reshaping children’s literature, is known for her unconventional taste and stinging critiques.

Risky Moves in the Game of Life Insurance

By MARY WILLIAMS WALSH

Some insurance companies’ complex, and mostly hidden, maneuvers to increase profits for shareholders may end up costing taxpayers and policyholders.

Applied Science

God Can Help Companies Turn Customers Into Daredevils

By MATT RICHTEL

A study by researchers from Stanford found that when the concept of the divine was used in advertising, consumers’ appetite for risk-taking increased.

States Tighten Conditions for Receiving Food Stamps as the Economy Improves

By JESS BIDGOOD

Food pantries expect to be inundated as states apply a policy that could strip food stamp benefits from a million childless, able-bodied adults.

For Drinking Water in Drought, California Looks Warily to Sea

By JUSTIN GILLIS

To ease its drought woes, the booming San Diego County is hoping to turn the Pacific Ocean into an everyday source of drinking water with a $1 billion desalination plant.

1036 Comments

In California, the Grass Is Greener at Coachella

By BEN SISARIO

Gov. Jerry Brown’s water rationing order came too late, say festival organizers, for them to make adjustments for hundreds of thousands of festivalgoers.

The Haggler

The Shrinking Cellphone Offer You Can’t Refuse

By DAVID SEGAL

A website that buys used iPhones, laptops and other electronic gadgets receives complaints about paying sellers less than they were offered.

The Case Against Gay Marriage: Top Law Firms Won’t Touch It

By ADAM LIPTAK

The arguments against same-sex marriage to be presented at the Supreme Court have been left to members of lower-profile firms.

New Tack for de Blasio: Wooing Business Leaders He Once Denounced

By ALEXANDER BURNS

The mayor, who railed against big business during his campaign, is making what corporate executives described as a delayed attempt to meet them on their home turf.

interestrateripoff · April 12, 2015

UK Housing Bubble Bursts: Sales Of Luxury Homes Crash By 80%; "Waves Of Wealthy People Are Leaving"

Why This Retail Earnings Season Is Different

7 Years Later The "Very Serious People" Finally Ask: Was QE Worth It?

Billionaires Scramble For Immortality (Literally)

Days Of Crony Capitalist Plunder - The Deplorable Truth About GE Capital

Greek Negotiator "Shocks" Eurozone Officials, Behaves Like "Taxi Driver": Hope Of Greek Deal "Blown"

Stan Druckenmiller's "Horrific Sense" Of Deja Vu: "I Know It's Tempting To Invest, But This Will End Very Badly"

California's Record-Breaking Heat & Drought "Is Only The Beginning"

None Dare Call It Fraud - Its Just A "Savings Glut"

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The great interest rate rip off part 10

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