Blog

As of April 27, 2015, five green energy programs have defaulted on Department of Energy loans, including the infamous Solyndra. The other companies who couldn’t come up with enough “green” to repay their loans are: Fisker Abound Solar Beacon Power Vehicle Production Group Despite the fact that the Department of Energy boasted about the “strong […]

The Department of Defense will shortly be publishing the results of an internal audit of government-issued credit cards, revealing that both military and civilian Pentagon officials used their cards to pay for gambling and escort services in Las Vegas and Atlantic City. “The federal government did not necessarily pay the charges” was the response from […]

Obamacare, it was assured, would bring a decrease in ER visits, because more people would be able to visit regular physicians (primary care doctors) instead. In reality, since January, 2014, when Obamacare fully kicked in, 3 out of 4 ER doctors report a clear rise in patient attendances, a recent American College of Emergency Physicians […]

U.S. retailers are set to take strong action, as a further recession looms on the horizon, by together closing more than 6,000 stores. Not only underperforming stores will face the threat of closure; for example, Office Depot plans to close 400 retail outlets by 2016. Other well-known U.S. brands, such as JCPenney, Macy’s and Abercrombie […]

According to 80% of fund managers, bonds are now considered to be “badly overvalued”. The global bond bubble stands at more than $76 trillion, while interest rates, in modern times, stand at an all-time low. In fact, 25% of European government bonds currently yield a negative return. Financial experts across the world agree there is […]

The Inspector General of the Department for Health & Human Services (HHS) announced late last month that Federal officials at the Centers for Medicare and Medicaid Services (CMS) have ignored previous recommendations regarding pricing, thus resulting in a failure to make savings of $251 million. The HHS report states that Medicare expenditure for infusion drugs […]

U.S. stock markets are at, or near, all-time highs. In March, 2015, the Dow Jones Industrial Average (DJIA) peaked at 18,288. One month later, on April 24, the Standard & Poor’s 500 (S&P) broke its all-time record when it closed at 2,117. Just last week, the Nasdaq stock index hit a record of 5,092. What […]

This week, the Government Accountability Office (GAO) announced that the Department of Energy Loan Guarantee Program will leave taxpayers owing $2.2 billion, which includes $807 million for loans that have already defaulted. GAO investigators described the projects of the defaulting companies as “risky”, and the companies themselves as having a “shaky credit rating.” So far, […]

The Commerce Department released figures yesterday that showed economic growth in the U.S. was at an annualized rate of just 0.2% for the first quarter of 2015. Many financial analysts agree this was only realized through a positive increase in private investment and personal consumption. The first quarter economic growth was described as “all but […]

A recent U.S. House of Representatives report revealed that the Internal Revenue Service (IRS) spent time that could’ve been used to handle 2 million customer service calls instead engaging in union activities. If you’re tired of your tax dollars being wasted on government employees’ personal lives, please Like & Share this post to show Congress […]