21 October, 2015 by The TZ Newswire Staff Comments Off on Guest Post: The Nazification Of America Is Almost Complete
Guest Post: The Nazification Of America Is Almost Complete
Submitted by Michael Snyder via The End of The American Dream blog,
Once upon a time America fought a great war to rid the world of the Nazis, but now we have become just like them. In fact, I would venture to say that the Nazification of the United States is pretty much complete.
21 October, 2015 by The TZ Newswire Staff Comments Off on China SAFE deputy head – Not seeing capital flight
China SAFE deputy head – Not seeing capital flight
Reuters with the headline comment from deputy head of China’s FX regulator, SAFE
(State Administration of Foreign Exchange)
More:
– China commercial banks sell net $301.5 bln in forex settlements in January – September
more:
21 October, 2015 by The TZ Newswire Staff Comments Off on Obama Unveils Roadmap To ‘Bailout’ Puerto Rico: "New" Bankruptcy Rules & Federal Fiscal Oversight
Obama Unveils Roadmap To ‘Bailout’ Puerto Rico: "New" Bankruptcy Rules & Federal Fiscal Oversight
America is not Greece, but judging from the Obama administration’s just-unveiled plans to bailout Puerto Rico’s disastrous debt situation, the American territory may have to sacrifice a little more sovereignty to get some relief. Obama is pressing for Congress to give Puerto Rico (PR) sweeping powers to reduce its $73 billion debt burden through a form of bankruptcy protection not now available to American territories and will also ask lawmakers to establish an independent body to monitor the island’s fiscal affairs (a la Troika).
21 October, 2015 by The TZ Newswire Staff Comments Off on AmEx profit misses estimates as costs rise, dollar hurts
AmEx profit misses estimates as costs rise, dollar hurts
The company’s net income attributable to common shareholders fell to $1.23 billion, or $1.24 per share, in the third quarter ended Sept. 30, from $1.47 billion, or $1.40 per share, a year earlier. Analysts on average had expected earnings of $1.31 per share, according to Thomson Reuters I/B/E/S. The New-York based company’s shares fell about 2.6 percent to $74.50 in after-market trading on Wednesday.
21 October, 2015 by The TZ Newswire Staff Comments Off on EBay’s profit beat shows there’s life after PayPal
EBay’s profit beat shows there’s life after PayPal
EBay, whose shares were up 8.5 percent after-hours on Wednesday, faces intensifying competition from rivals such as Amazon.com Inc as well as from retailers such as Wal-Mart Stores Inc that are boosting their online presence. PayPal Holdings Inc, a leader in the fast-growing payment processing market, became a separate company on July 18.
21 October, 2015 by The TZ Newswire Staff Comments Off on GM profit tops estimates on strong truck demand, improved China
GM profit tops estimates on strong truck demand, improved China
General Motors Co (GM.N) reported record quarterly earnings for the third quarter, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues. GM shares rose 5.3 percent to $35.26 a share and have risen more than $5 since the start of the month. GM posted profit of $1.50 a share in the quarter, well ahead of the $1.18 per share consensus among Wall Street analysts polled by Thomson Reuters I/B/E/S.
21 October, 2015 by The TZ Newswire Staff Comments Off on Boeing says 777 output may fall as losses narrow on 787
Boeing says 777 output may fall as losses narrow on 787
Boeing said it could cut production by as much as 15 percent on its 777 long-range, widebody jetliner, one of its most profitable planes and a key source of cash. The talk of a possible slowdown to as few as seven a month from the current 8.3 came as Boeing posted narrower losses on its 787 Dreamliner and voiced confidence in that plane’s ability to generate cash and fill the gap.