Forbes: How do billionaire brands control our lives? Watch Forbes break down the wealthiest brands by item in a typical day. … [Read more...]
VIDEO: Built For It Trials – Stack: Largest JENGA® Game Played with Cat® Excavators
Caterpillar: "Stack" pits five Cat® machines, including Excavators and Telehandlers, against a mountain of massive JENGA® blocks. The object of the game is for heavy equipment operators to remove and then reposition a stack of 27 JENGA® blocks one at a time, without toppling the structure -- using only their Cat machines and attachments. #BuiltForIt … [Read more...]
The Fool’s Gold
We’ve kept you up to date on the import restrictions on gold in India, and some of the ways Indians have been getting around those restrictions. But this one takes the cake. A man was admitted to surgery in New Delhi on April 9 with severe stomach pain and nausea. Guess what a surgeon found in the foolish man’s intestines? If you guessed 12 gold bars slightly larger than a troy ounce each, you guessed right. The lengths the Indians will go to in order to get gold across the border appear to be endless. Expect tunnels under the borders (if they don’t already exist) like those that have … [Read more...]
VIDEO: Faber: China’s Unwind ‘Will Be a Disaster’
March 17 (Bloomberg) –- Marc Faber, managing director and founder of Marc Faber Ltd., comments on the state of the Chinese economy. He speaks with Trish Regan and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg) … [Read more...]
SHOCK: Wave of Bankruptcies Set to Hit China
In a shocking admission Chinese Premier Li Keqiang warned lenders in the country to prepare for a wave of defaults on debt in the coming year. China had so far been able to prevent embarrassing defaults among its corporations, even by presumably bailing out the world’s largest bank earlier this year (no one knows exactly what happened here but common sense would point to a hidden government bailout). But the government couldn’t, or wouldn’t, act fast enough to save Shanghai Chaori Solar Energy last week. It’s a signal from the Communist Party that Beijing is getting out of the bailout … [Read more...]
VIDEO: Investment Advisor Bait and Switch, GET YOUR MONEY BACK!
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India: Bringing Home the Gold
If you were watching the Sochi Olympics opening ceremony you saw a curious sight. The team from India was forced by the International Olympic Committee (IOC) to enter into the stadium without their flag. Instead they carried the Olympic flag and entered as “independent athletes.” The brouhaha started when the Indian Olympic Association’s (IOA) election process was allegedly manipulated by the government, putting an accused fraudster among the association’s leadership. With that, the IOC banned the Indian athletes from competing from India. Eventually the IOA held new elections and by the end … [Read more...]
Did JP Morgan Know about Madoff?
Accusations are flying and the lawyers have been called in at JP Morgan to defend current and former executives, including CEO Jamie Dimon from accusations they were aware of the Ponzi scheme being run by Bernie Madoff. Attorney David Rosenfeld is bringing a new lawsuit based on interviews with Madoff himself. If any of the JP Morgan executives are found guilty, it could have a major effect on the company and its customers’ faith in its reliability. Reuters reports on the allegations. "JPMorgan was uniquely positioned for 20 years to see Madoff's crimes and put a stop to them," the lawsuit … [Read more...]
VIDEO: Senior, 64: ‘I’m never going to be able to retire.’
Yahoo! Finance: The road to retirement for many seniors looks grim. These seniors share their stories, echoing warnings from experts about the importance of making retirement a priority. … [Read more...]
Is the Fed Hiding its 2008 Transcripts?
We’re waiting to see the transcripts from the most tumultuous time in the last 50 years of economic history, and the Fed doesn’t seem to be inclined to let them go. It’s well past time the transcripts were released and now it’s starting to look a bit suspicious. The 2008 transcripts are sure to show us some very interesting debates and comments from the Federal Reserve officials involved, but is the Fed holding off for some reason? For the past three years the transcripts have been released in mid-January. The 2005 transcripts were released January 14, 2010, the 2006 transcripts on … [Read more...]
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