Gold is king, but there may be a better way to store wealth … A great investing mistake is to try to predict the future. Really, an investment decision is more about the price you pay and whether you can afford to be wrong … Bitcoin needs to move past its current use as a payments processing tool to a realistic medium-term store of value. Its chief competitor is clearly gold. – S...Read More
John Kerry: Russia has until Monday to reverse course in Ukraine … Secretary of State John Kerry warned of serious repercussions for Russia on Monday if last-ditch talks over the weekend to resolve the crisis in Ukraine failed to persuade Moscow to soften its stance. Kerry will travel to London for a Friday meeting with Russian Foreign Minister Sergey Lavrov ahead of a Sunday referendum vote...Read More
Holder backs plan to ease sentences for low-level drug dealers – Justice department says plan would lower dealer's average sentence by 11 months and reduce size of US prison population …The Obama administration on Thursday threw its weight behind a proposal designed to help reduce the massive US prison population … Attorney general Eric Holder on Thursday endorsed a proposal...Read More
John Kerry: Russia has until Monday to reverse course in Ukraine … Secretary of State John Kerry warned of serious repercussions for Russia on Monday if last-ditch talks over the weekend to resolve the crisis in Ukraine failed to persuade Moscow to soften its stance. Kerry will travel to London for a Friday meeting with Russian Foreign Minister Sergey Lavrov ahead of a Sunday referendum vote...Read More
Holder backs plan to ease sentences for low-level drug dealers – Justice department says plan would lower dealer's average sentence by 11 months and reduce size of US prison population …The Obama administration on Thursday threw its weight behind a proposal designed to help reduce the massive US prison population … Attorney general Eric Holder on Thursday endorsed a proposal...Read More
Bank of England Sharpens Its Claws … There are lots of theories to explain the bubble and bust that wrecked so many people's lives over the past 10 years, but none is pithier than the common attitude of "I'll be gone, you'll be gone" among mid-level finance employees who actually make the big decisions about where to take risk. That's why the Bank of England should...Read More
The political classes have brought UKIP on themselves … In a seminal referendum in California in 1978, the public endorsed Proposition 13, limiting property taxes. It was described as a "primal scream by the People against Big Government". The British public are now delivering a primal scream of their own. Politicians, beware: only 23 per cent of people are satisfied with the way t...Read More
Bank of England Sharpens Its Claws … There are lots of theories to explain the bubble and bust that wrecked so many people's lives over the past 10 years, but none is pithier than the common attitude of "I'll be gone, you'll be gone" among mid-level finance employees who actually make the big decisions about where to take risk. That's why the Bank of England should...Read More
The political classes have brought UKIP on themselves … In a seminal referendum in California in 1978, the public endorsed Proposition 13, limiting property taxes. It was described as a "primal scream by the People against Big Government". The British public are now delivering a primal scream of their own. Politicians, beware: only 23 per cent of people are satisfied with the way t...Read More
AIS files class-action suit against gold-fix banks … A U.S. investment-management firm has filed a lawsuit against the five banks that set the London benchmark gold price, alleging that the banks conspired to manipulate the price of gold for their own gain. – MarketWatchDominant Social Theme: Why would these people file a class-action lawsuit? They're bottom feeders. Gold is not ma...Read More
It seems as though marijuana isn't as bad as everyone thought. Last week the federal Minister of Justice Peter MacKay floated the idea of allowing police to give tickets to people in possession of marijuana rather than haul them through the criminal justice system. He told the Ottawa press gallery that he directed his ministry to look at the issue and possibly draft legislation because the pri...Read More
AIS files class-action suit against gold-fix banks … A U.S. investment-management firm has filed a lawsuit against the five banks that set the London benchmark gold price, alleging that the banks conspired to manipulate the price of gold for their own gain. – MarketWatchDominant Social Theme: Why would these people file a class-action lawsuit? They're bottom feeders. Gold is not ma...Read More
It seems as though marijuana isn't as bad as everyone thought. Last week the federal Minister of Justice Peter MacKay floated the idea of allowing police to give tickets to people in possession of marijuana rather than haul them through the criminal justice system. He told the Ottawa press gallery that he directed his ministry to look at the issue and possibly draft legislation because the pri...Read More
Ukraine may have to go nuclear, says Kiev lawmaker … Ukraine may have to arm itself with nuclear weapons if the United States and other world powers refuse to enforce a security pact that obligates them to reverse the Moscow-backed takeover of Crimea, a member of the Ukraine parliament told USA TODAY. The United States, Great Britain and Russia agreed in a pact "to assure Ukraine's...Read More
A showdown is developing between a sizable number of Connecticut state police officers and the politicians who passed into law highly restrictive gun control, gun bans, and bans on high capacity magazines. Gun rights legal expert and activist David Hardy reported Friday that 250 law enforcement officers in Connecticut have signed an open letter stating that they will not enforce the new anti-gun a...Read More
Ukraine may have to go nuclear, says Kiev lawmaker … Ukraine may have to arm itself with nuclear weapons if the United States and other world powers refuse to enforce a security pact that obligates them to reverse the Moscow-backed takeover of Crimea, a member of the Ukraine parliament told USA TODAY. The United States, Great Britain and Russia agreed in a pact "to assure Ukraine's...Read More
A showdown is developing between a sizable number of Connecticut state police officers and the politicians who passed into law highly restrictive gun control, gun bans, and bans on high capacity magazines. Gun rights legal expert and activist David Hardy reported Friday that 250 law enforcement officers in Connecticut have signed an open letter stating that they will not enforce the new anti-gun a...Read More
Wealth rises but economy still sputters … Americans are richer than ever and increasingly willing to take on a bit of extra debt and yet the overall atmosphere, and the economic recovery, are surprisingly flat. That's because the rise in wealth is highly concentrated, consumer debt is often going towards maintaining living standards in the absence of adequate income and, perhaps most imp...Read More
Kerry urges US envoys to make climate change a priority … US Secretary of State John Kerry has called on American ambassadors around the world to make the fight against climate change a top priority ahead of new UN talks next year. In his first department-wide policy guidance statement since taking office a year ago, he told his 70,000 staff: "The environment has been one of the central...Read More
Wealth rises but economy still sputters … Americans are richer than ever and increasingly willing to take on a bit of extra debt and yet the overall atmosphere, and the economic recovery, are surprisingly flat. That's because the rise in wealth is highly concentrated, consumer debt is often going towards maintaining living standards in the absence of adequate income and, perhaps most imp...Read More