Tag Archives: Business

HSBC May Phase Out US Credit-Card

CNBC HSBC Holdings will close its $33 billion U.S. credit-card business if it cannot find a buyer, the bank’s chief executive said on Monday. The move is part of its efforts to slash costs and cut back on retail banking. … Continue reading

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Top Post-Collapse Barter Items And Trade Skills

From www.alt-market.com; Brandon Smith The concept of private barter and alternative economies has been so far removed from our daily existence here in America that the very idea of participating in commerce without the use of dollars or without the inclusion of … Continue reading

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Obama in Toledo: Economy has improved significantly; Reality to Obama: Mass layoffs ongoing, Outsourcing ongoing, Fewer Jobs and more Debt, Economy worsening, No End in Sight, Worst is Yet to Come

From Huffington Post The owners of an Ohio restaurant touted last week by President Barack Obama as an indirect beneficiary of the government’s Chrysler bailout said Thursday that tough times are putting them out of business. New Chet’s Restaurant in … Continue reading

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The Enemy Within – David Malpass

From Forbes; David Malpass The U.S. is suffering a government-spending and debt crisis, compounded by an investment exodus caused by Washington’s weak-dollar policy. These risk a tipping point where financial markets and the dollar collapse. Heavy daily flows into gold, … Continue reading

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The Bullish Case for the U.S. Economy – WSJ

WALL STREET JOURNAL Investment strategist Robert Doll says America’s edge is faster population growth, companies that are global in scope, and a culture of innovation and entrepreneurship. It’s been a dreary week for economic news: slow job creation, falling home … Continue reading

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The United States has $1 trillion and growing “underground economy” in which no taxes are paid – Book

From eon.businesswire.com The United States has $1 trillion and growing “underground economy” in which no taxes are paid. According to a new book, “Class Tax Mass Tax: America and Its Underground Economy,” unreported income in America is now greater than … Continue reading

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The Manufacturing Rebound is a Myth

From http://www.activistpost.com; Ian Fletcher Talk of a manufacturing revival is in the air. America has, in fact, gained a quarter-million industrial jobs since the start of 2010. Unfortunately, this is less than 15 percent of the number lost during the recession. … Continue reading

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