Category Archives: Business & Economy

White House Reveals Budget Deficit Will Be $250 Billion Greater Due To “Mistake”

The budget deficit for President Trump’s first two years in office will be nearly $250 billion higher than initially estimated, hitting $702 billion in fiscal 2017, due to what appears to have been a calculation mistake: a shortfall in tax collections and a mistake in projecting military healthcare costs, according to budget chief Mick Mulvaney.

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Golden Years… Or Tears: More US Seniors Are Still Working Than At Any Time Since The ’60s

Long walks on the beach, holding hands in a hot-tub overlooking the ocean, working on your golf game…in Hawaii, treating the kids and grand-kids to treats and trips – we have all seen the commercials of how great ‘retirement’ can be (or could have been), if you just put a little more money into the stock market via your friendly […]

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The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way

The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts.  In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite.  It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.

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“Try Before You Buy”: Amazon Launches Assault On Clothing Retailers With Prime Wardrobe [VIDEO]

On Tuesday, in its attempt to corner the last elusive space of the retail market – clothing –  Amazon announced the launch of Prime Wardrobe, “A New Fashion Platform” which will be included in current and future Prime memberships, Amazon said on its website. Essentially Prime Wardrobe will allow users to try clothes on before they buy and receive discounts.

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Remember When Ford ‘Cancelled’ That Plant In Mexico? Well, They’ve Just Moved It To China

Trump’s victory lap back in January after Ford cancelled plans for a brand new $1.6 billion production facility in Mexico may have been premature. As it turns out, per a press release from earlier this morning, one of the first strategic actions taken by Ford’s new CEO, Jim Hackett, will be to relocate the company’s ‘Focus’ production to China rather than Mexico.

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After Legalizing Weed, Unemployment In Colorado Has Collapsed To Record Lows

Three years after legalizing cannabis, Colorado has the lowest unemployment rate in the country. According to Governor John Hickenlooper, multiple factors have contributed to Colorado’s job growth, including the state’s business-friendly policies and the state’s very low business tax rate. One of the main factors in Colorado’s successful economy, however, is undeniably the cannabis industry.

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Here’s Why You’ll Pay Higher Gas Prices Whatever The Market

The average gasoline tax in the U.S. is 49.5 cents per gallon, according to data from the American Petroleum Institute. That’s not too bad as far as averages go, but it has been climbing over the last five years and it will continue rising as states lose hope that the federal government will chip in for infrastructure construction and maintenance, and transportation.

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“The Crisis Has Become Pandemic” – System To Collect Defaulted Student Loans Is No Longer Functioning

The system used by the Dept. of Education to collect on defaulted student loans came to a standstill in the last month, leaving an estimated 91,000 accounts in limbo, when the agency ordered debt collectors under contract to stop making collections on accounts. Consumers who expected their student loan payments to be deducted from their bank accounts this month have reportedly found the funds untouched, and their calls to the companies unanswered thanks to a Department of Education’s order prohibiting the debt collection companies from working on default accounts in response to two lawsuits against the agency.

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