Costco's Gold Bars Part II: From Africa to the Alps to You
So where exactly does that shiny new "999.9 fine gold minted" bar from Costco come from? Under that "Essayeur Fondeur" Swiss authenticity stamp lies a long, bloody trail of death and tears.
Apr 26, 2024 01:26 PM EDT
A Modern Neo-Feudal State, The Tech Lords Ushering in a Return to the Medieval
If ever such tech lords decide that their will should supplant that of the majority's, or that through their influence they might alter the course of history by sustaining one country's war of aggression on another or by manipulating the political landscape, democracy will be the casualty - in America and throughout the world.
The Federal Reserve's 'Death Star'. The Battle Over America's Wallets.
The CBDC debate continues. Concerns over the exploration of the creation of a central bank digital currency in the United States, commonly referred to as a CBDC, has some lawmakers up in arms regarding its potential for increased government surveillance and control.
Tech Boom in the Philippines? US Investments Could Signal Lucrative Opportunities
The United States Commerce Secretary Gina Raimondo stated during an official visit to Manila on Monday that American businesses are expected to announce investments totaling more than $1 billion in the Philippines.
Latest News
Fed Increases Benchmark Rate: Aftermaths For Local as well as Global Consumers
Federal Open Market Committee, policy making body on behalf of Federal Reserve Bank, central bank of the world’s largest economy, has started to approach through a new path after around a decade with announcing its decision to raise short term benchmark by a quarter points. The rate hike will directly affect the short term debt holders while mid and long term borrowers will suffer with its gradual aftermaths.
Dec 17, 2015 04:29 AM EST
Russia's Ukraine bond is official sovereign debt: IMF
IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.
Dec 17, 2015 03:36 AM EST
No new Boeing 747 for Air Force One: Congress
The U.S. White House decided to delay Boeing 747 order for the new Air Force One upgrade to fiscal 2017. The congressional negotiators provide less than expected spending bill for the presidential aircraft
Dec 17, 2015 03:34 AM EST
Global average Internet speed Grew to 5.1 Mbps while Only 5.2% Broadband Connected: Q3Y2015 Akamai Report
Akamai, the global leader in Content Delivery Network (CDN) services, aims to make internet faster and furnishes quarterly matrices on state of internet speed. The third quarter report for the year 2015 addresses the global average internet speed as 5.1 Mbps while only 5.2% internet users are Broadband connected.
Dec 17, 2015 04:26 AM EST
After the Outbreak, Chipotle Struggles To Find Alternative Food Peparation Method
After a devastating series of food poisoning in its restaurants nationwide in 2015, Chipotle has to change their food preparation practice.
Dec 17, 2015 09:54 PM EST
Moody's lowers rating on South Arica to 'negative' from 'stable'
South Africa's rating has been downgraded by Moody's from stable to negative. The sluggish economy, rising risks and political pressures are primary reasons for downgrading. The most developed nation in Africa is lagging in human and physical infrastructure resources. The country needs to enhance the skills set of people to make them employable.
Dec 17, 2015 01:53 AM EST
Lower fuel costs propel airline profits high
The year-long price weakness in oil is helping airlines post record level profits. During the last nine months of 2015, the US aviation industry recorded over 60 percent growth in profits. Fuel account for 30 percent of operating expenses of airlines. The drop in oil price is boosting operating profits. Airlines are also passing the oil price drop benefit to passengers as they slashed airfares.
Dec 17, 2015 01:41 AM EST
Soon to Come: Droneport, Airport for Drone
Aerodrome will build the world first droneport in the Boulder City, Nevada. This facility is approved by FAA for training and certification of drone pilot.
Dec 17, 2015 07:09 AM EST
China, Belgium lead foreigners' offloading in US Treasuries
Foreigners offloading in US Treasuries reached its peak in October. China has been selling US debt after devaluing the Yuan. China also offloads through its Belgium third party account. Many other countries are also selling US Treasuries ahead of US Federal Reserve meeting.
Dec 16, 2015 10:11 PM EST
Handy Smart Wallet EKSTER Secures Belongings & Recharges Mobile Battery
Ekster, the calf leather built smart wallet, introduced by Kickstarter, Phorce appointed marketing agent, is witnessing a huge customer demand due to its unique features which include securing preserved cards through wi-fi, GPS tracking of lost device, super power storage capability as well as recharging to other devices.
Dec 16, 2015 06:25 AM EST
Cigarettes Losing Popularity: Marijuana, the Preferred Choice for the Teens
The cigarette smoking has reduced by 55% in last 5 years. This is the first time that the reports showed an increase in daily marijuana consumption outshining cigarettes in the last 4 decades.
Dec 17, 2015 06:17 AM EST
Asian stocks rise on Wall Street gains
Tracking overnight gains on the US markets, Asian stocks rose on Wednesday. The market is looking to the decision of US Federal Reserve on interest rate. The recovery in oil prices and short covering were the major reasons for the rebound on Asian markets.
Dec 16, 2015 04:00 AM EST