21 August, 2014 by The TZ Newswire Staff Comments Off on 30 Facts That Prove The American Middle-Class Is Being Destroyed
30 Facts That Prove The American Middle-Class Is Being Destroyed
Submitted by Michael Snyder of The Economic Collapse blog,
21 August, 2014 by The TZ Newswire Staff Comments Off on Thursday Market Wrap
Thursday Market Wrap
For the day the SPX/DOW were +0.30%, and the NDX/NAZ were +0.15%. Bonds gained 3 ticks, Crude added 55 cents, Gold dropped $13, and the USD was lower.
Short term support is now at SPX 1991 and 1973, with resistance at the 2019 and 2070. We have a really big day tomorrow as Yellen speaks at 10 am at Jackson Hole, and then the ECB’s Mario Draghi speaks around 12:30. Dovish comments from both folks could rip this market higher.
We saw new all time closing highs in SPX today and the Nasadq ended flat for the second day on a row.
21 August, 2014 by The TZ Newswire Staff Comments Off on Sears Earnings: A Textbook Example of a Company in Freefall
Sears Earnings: A Textbook Example of a Company in Freefall
Another round of dismal quarterly results from Sears Holding Corp. offers proof of Warren Buffett’s admonition that “turnarounds seldom turn.”
21 August, 2014 by The TZ Newswire Staff Comments Off on Asian shares hitch a ride on Wall Street’s record
Asian shares hitch a ride on Wall Street’s record
Still, investors were cautious ahead of a speech by Federal Reserve Chair Janet Yellen later in the day at the annual gathering of central bankers in Jackson Hole, Wyoming, which will be studied for any fresh signals about the timing of U.S. Investors “want to hold their positions until Yellen’s speech is over, and they may take profits after that,” said Norihiro Fujito, a senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
21 August, 2014 by The TZ Newswire Staff Comments Off on "Disturbing Pattern" Continues, Administration Broke The Law With Bergdahl Swap, GAO Says
"Disturbing Pattern" Continues, Administration Broke The Law With Bergdahl Swap, GAO Says
“In our view, the meaning of the (law) is clear and unambiguous,” the nonpartisan Government Accountability Office (GAO) wrote, The Pentagon broke the law when it swapped Army Sgt. Bowe Bergdahl, a prisoner in Afghanistan for five years, for five Taliban leaders.
21 August, 2014 by The TZ Newswire Staff Comments Off on 5 Things American Realty Capital Properties Inc.’s Management Wants You to Know
5 Things American Realty Capital Properties Inc.’s Management Wants You to Know
American Realty Capital Properties has undergone sizable change in the last 12 months, and there are five things investors need to hear from its management.
21 August, 2014 by The TZ Newswire Staff Comments Off on Liberian Police Open Fire On Ebola Protesters
Liberian Police Open Fire On Ebola Protesters
Police in the Liberian capital fired live rounds and tear gas on Wednesday to disperse a stone-throwing crowd trying to break an Ebola quarantine imposed on their neighbourhood. As Reuters reports, at least four people were injured in clashes with security forces, witnesses said, though it was unclear whether anyone was wounded by the gunfire. Liberian authorities introduced a nationwide curfew on Tuesday and put the West Point neighbourhood under quarantine to curb the spread of the disease.