German Economy Minister Peter Altmaier lashes out at Trump tariffs, sanctions BERLIN — German Economy Minister Peter Altmaier has sharply criticized President Donald Trump’s tariffs and sanctions policies, saying such measures were destroying jobs and growth and that Europe would not bow to U.S. pressure regarding Iran. The United States has triggered a bitter tit-for-tat […]

The Chinese street’s view of the trade war: some say they won’t buy U.S. products Above headlines tell a story of how local street vendors feel about US Tariffs on their goods and services. Common theme of those who gave opinions were the US can just go to hell. Vendors in BEIJING and SHANGHAI are […]

Meet Amazon’s Massive Profit Center That May Soon Dwarf Amazon Web Services in Size Amazon (AMZN) has developed a low-cost money printing press. And it’s called an advertising a business model that’s poised to benefit amazon handsomely. Companies are currently fighting to get their wares in front of Amazon’s Prime members and other shoppers. It […]

West Virginia House Panel Votes To Impeach Entire Supreme Court West Virginia’s House Judiciary Committee has adopted articles of impeachment against all four justices on the state’s Supreme Court of Appeals, accusing the judges of a range of crimes and throwing the court’s immediate future into disarray. Approved on Tuesday afternoon, the articles of impeachment […]

Tribune Media Spikes Merger Deal With Sinclair, And Sues Its Former Suitor Tribune Media Company is ending its troubled merger deal with Sinclair Broadcast Group, less than a month after federal regulators cited concerns about the plan. Tribune also filed a lawsuit accusing Sinclair with breach of contract. “We’re obviously disappointed,” Tribune Media CEO Peter […]

Pai stands by Sinclair decision in face of Trump’s outrage Democrats at the hearing immediately signaled concern about President Donald Trump meddling with the FCC, which is meant to be a wholly independent agency. FCC Chairman Ajit Pai didn’t bend Wednesday to pressure from President Donald Trump, who on Tuesday night slammed as “disgraceful” and […]

‘Too Little Too Late’: Bankruptcy Booms Among Older Americans Lawrence Sedita, a 74-year-old former carpenter, said he lost his health insurance about two years ago after his union changed the eligibility requirements. He and his wife filed for bankruptcy after living off of their credit cards for a time. Their financial difficulty “has drained everything […]

“Private Equity Taking From Working Class To Get Even Richer” Continued Part III   New management: As treasury secretary, Geithner excoriated predatory lenders and their role in the Wall Street meltdown of 2007. Bonds based on subprime mortgages, he noted at the time, had a role in precipitating the panic. “The financial crisis exposed our […]

How private equity firms make money offering loans to cash-strapped Americans Continued from Part I which posted last week!!! The company declined to discuss the affiliated offshore company that handles insurance, citing competitive reasons. Mariner sells insurance policies that are supposed to cover a borrower’s loan payments in case of various mishaps — death, accident, […]