5 November, 2014 by The TZ Newswire Staff Comments Off on Chinese tycoon paid what for a van Gogh?!
Chinese tycoon paid what for a van Gogh?!
A tycoon dished out $61.8 million for a van Gogh masterpiece this week, the highest auction price for a painting by the artist in 16 years.
5 November, 2014 by The TZ Newswire Staff Comments Off on We Have Just Witnessed The Last Gasp Of The Global Economy
We Have Just Witnessed The Last Gasp Of The Global Economy
5 November, 2014 by The TZ Newswire Staff Comments Off on A Signal of Coming Collapse
A Signal of Coming Collapse
5 November, 2014 by The TZ Newswire Staff Comments Off on US Pension Plans Need Massive $110 Billion In 7 Years, Moodys Warns
US Pension Plans Need Massive $110 Billion In 7 Years, Moodys Warns
Thanks to improving life expectancy and the Federal Reserve’s financial repression lowering yields, US company pension funds have been hit by a double whammy. As Moody’s warns, companies will have to find $110 billion in the next seven years to fund pension liabilities shortfalls. Moody’s adds, “given these increasing liabilities and cash drains, we expect to see an acceleration in lump sum offers,” as firms try to derisk.
5 November, 2014 by The TZ Newswire Staff Comments Off on Republicans’ secret weapon: Millennials
Republicans’ secret weapon: Millennials
This midterm season, ballots were chock-full of issues that are near and dear to millennial hearts– multiple states voted on whether to raise the minimum wage, legalize marijuana, make access to abortion more difficult, and even whether to end alcohol prohibition in certain counties.
5 November, 2014 by The TZ Newswire Staff Comments Off on Macau – A Canary In China’s Coal Mine?
Macau – A Canary In China’s Coal Mine?
Submitted by Pater Tenebrarum via Acting-Man blog,
Gambling Revenues Tumble
The former Portuguese trading outpost Macau, which similar to Hong Kong is a “special administrative region” of China, is a Mecca for China’s gamblers – and China is reportedly brimming with gamblers. Macau’s gambling industry has accordingly been on fire for many years.
5 November, 2014 by The TZ Newswire Staff Comments Off on DryShips Earnings: A Huge Miss on Estimates Right Under Your Nose
DryShips Earnings: A Huge Miss on Estimates Right Under Your Nose
The profit DryShips reported may tempt you into the stock, but the profit is an illusion. Tread carefully.