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You can’t eat gold – I don’t usually consider edibility when I invest Gold pays no interest – Why are central banks leasing it and why are Indian banks paying interest to gold depositors? Gold just sits there – So does fiat money and it loses value and/or rots. Gold is a barbarous relic – […]Read More

Via Eric Peters Autos blog, If Elon Musk’s various projects are so Iron Man fabulous, why do they all need so much government “help”? Shouldn’t Tesla – and Solar City and SpaceX – be able to stand on their merits… if they actually have merit? Tesla fanbois – and Musk himself – will tell you […]Read More

By EconMatters I was originally looking at Tesla from a trading standpoint, but in comparing GM, both company`s Financial internals look bleak longer term. GM is a debt accumulating machine, and Tesla is the starter version of this model. The Automobile manufacturing Industry is a capital intensive business, but both these companies are laggards to […]

UPS, and roughly 270,000 retired truck drivers, construction workers, and other service workers can breathe a collective sigh of relief… for now. As we previously reported, the Central States Pension Fund had submitted a plan to Treasury that if approved would have cut member benefits, and triggered UPS to take an estimated $3.8 billion charge. […]

Submitted by Nick Colas of Convergex Supermodels And Other Productivity Measures One of the livelier debates in economics at the moment relates to the intersection of productivity growth and the role of technology in modern society.  At its core, the problem is a simple one: for all the smartphones, Internet access, apps and other technological […]

Submitted by David Stockman via Contra Corner blog, Donald Trump’s patented phrase “we aren’t winning anymore” lies beneath the tidal wave of anti-establishment sentiment propelling his campaign and, to some considerable degree, that of Bernie Sanders, too. As we demonstrated in Part 1, and Part 2, what’s winning is Washington, Wall Street and the bicoastal elites. The latter prosper from finance, the […]Read More

The 1980s were the apex of Japanese culture and economic might. Back then, Japan’s economy was growing so fast, it was thought they would overtake the US. But that all came to a screeching halt. Truth is, Japan’s meteoric rise was fueled by an epic lending bubble. Similar to the Roaring 20s in America. And […]

Authored by Paul Craig Roberts, Somnolent Europe, Russia, and China – Can the world wake up? On September 19, 2000, going on 16 years ago, Ambrose Evans-Pritchard of the London Telegraph reported: “Declassified American government documents show that the US intelligence community ran a campaign in the Fifties and Sixties to build momentum for a […]

Ademola Adeniji Adele Senate President, Dr. Abubakar Bukola Saraki, on Friday expressed grief over the demise of a former Lagos State Commissioner for Youths and Sports,  Prince Ademola Adeniji-Adele and said he was a consummate democrat. Saraki in a statement by his Special Adviser on Media and Publicity, Yusuph Olaniyonu, in Abuja commiserated with the […]

The U.S. Embassy in Nigeria has recognised 100 young Nigerians selected to participate in the 2016 Mandela Washington Fellowship. The Mandela Washington Fellowship is the flagship programme of the President’s Young African Leaders Initiative (YALI) and a key component of President Barack Obama’s commitment to invest in the future of Africa. The White House developed […]Read More

LiveAtState on Threats to Civilian Security in Africawith Under Secretary of State for Civilian Security, Democracy, and Human RightsSarah SewallMay 5, 2016Washington, D.C. MR BENTON: Welcome to LiveAtState, the State Department’s interactive online video platform for engaging with international media. I am your host, David Benton. I’m delighted to welcome journalists and media representatives joining […]Read More

Share on Facebook Tweet on Twitter The Nigerian social media space is flooded with a shocking report of another woman beaten to death by her husband after a domestic squabble. TheSimonAtebaNews has not established contact with the family, but reports said Ronke Shonde was beaten to death by her husband, Lekan Shonde, in Lagos. Reports […]