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Between 2010 and 2014, the National Science Foundation awarded $695,485 in U.S. taxpayer dollars to teach children a particular type of film-making when tutorials on the subject are available online – for free. On July 30, the Washington Times reported that the Federal government “spent more than half a million… to teach kids how to […]

The U.S. trade deficit grew during June to 7.1%, predominately due to record imports, a strong U.S. dollar and heightened consumer demand. The difference in exports and imports increased to $43.8 billion, up from a (revised) May figure of $40.9 billion. Total imports, on the back of increased imports of food and cars, rose 1.2% […]

The minimum wage movement is gathering momentum across the United States, with hikes passed in LA, San Francisco and Seattle, and New York now following suit. A panel led by New York Governor Andrew Cuomo voted Yes on proposals to introduce a $15 minimum wage for the city’s fast food workers. The increase is set […]

Now that approval has been given for Greece to begin negotiations with the eurozone on their 3rd bailout (for 86 billion euros / $95 billion), the International Monetary Fund (IMF) is making it clear they would like no part of any deal whilst the issue of the Greeks ability to actually repay has not been […]

After Friday’s announcement of the proposed merger between two major U.S. healthcare companies, Anthem and Cigna, they subsequently lost a combined $3 billion from their stock value. U.S. citizens will soon have only 3 options with regard to their healthcare insurance as Anthem have agreed to pay $54 billion for Cigna, in a move they […]

The imminence of another deflationary financial collapse may just have got a somewhat closer. Prior to the 2008 economic crisis, 4 particular events happened at the same time. It would appear that history is about to repeat itself as those same 4 events are happening yet again, and many analysts agree that, as the severity […]

The New Development Bank (NDB) was officially launched by the BRICS group yesterday, and many global financial analysts see it as direct competition to the World Bank and the International Monetary Fund (IMF). The BRICS group is made up of the following countries – Brazil, Russia, India, China and South Africa, and its new bank […]

U.S. stock markets all suffered today following news from both IBM and United Technologies of weakened performance. IBM fell by 5.1% after announcing a 13th consecutive quarterly fall in sales (this quarter saw a profit drop of 17%). United Technologies saw their value fall by 5.4% after it significantly lowered its full-year profit outlook – […]

Following news that the Department of Veterans Affairs (VA) may be closing hospitals in the near future due to financial mismanagement, it has been leaked to the media online that 238,000 out of the 847,000 veterans that appear on the VA’s official “backlog” of those awaiting healthcare have sadly passed away since their application. “Analysis […]

On July 13, the Treasury Department was clearly relieved to announce a budget surplus for the month of June, 2015 of $51.8 billion. However, all the announcement did was to mask the ongoing budget deficit as it stands for the year, currently running at $313.4 billion, where spending continues to exceed revenue. In fact, just […]