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Congratulations! We’ve Managed to Repeat History – Greater Depression Incoming

Soup kitchen depression

With businesses struggling, a run on ATM’s, banks and other cash deposits, central bank calling back cash and every day people defaulting on every day credit – yeah, another global depression might be closer than thought. Americans are suddenly defaulting on their personal debt at an alarming rate. Heck, even the American icon Colt is considering some form of bankruptcy. Greece

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Is Colt Going Bankrupt?

Colt_logo

The New York Times reported last week that legendary firearms manufacturer, Colt, is undergoing something that looks a lot like bankruptcy. Colt is considering two options to avoid running out of operating capital – a bond exchange and a prepacked bankruptcy. Existing bonds would be exchanged for new bonds with longer maturities and higher interest rates. Bondholders would also enjoy

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Hybrid and Electric Car Sales Slowing

Photo: Mario Roberto Duran Ortiz

Car buying company Edmunds.com released data today that shows that Americans are dumping electric and hybrid vehicles for gasoline powered vehicles at a growing rate. EVs and hybrids accounted for just 2.7 percent of all new car sales in the first quarter of 2015, down from 3.3 percent during that same period last year. The share of SUVs, meanwhile, has

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Bank Card Defaults Soar to Five Year High

Credit cards

Released today, the S&P/Experian Consumer Credit Default Indices showed the largest two-month increase in the rate at which consumers are defaulting on credit card debt since 2010. The bank card default rate increased 15 basis points to 2.99% following an increase of 23 basis points in February, the largest two month increase since April 2010. Slowing retail sales in March, lackluster

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China Warns Clinton About Campaign

Secretary_Clinton_with_China's_Foreign_Minister_Yang

China isn’t happy just controlling the speech of its own people, now the government-controlled media is telling Hillary to keep quiet when it comes to China. Two Chinese Communist Party-controlled newspapers published an indirect warning to Hillary Clinton not to criticize China during her campaign for president.     “Clinton should keep in mind a warning from Henry Paulson,” the

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CenturyLink acquires Orchestrate to enhance cloud platform with new database capabilities

MONROE, Louisiana. and PORTLAND, Oregon, April 21, 2015 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) today announced the acquisition of Orchestrate, a company that offers a fully managed database service for rapid application development. The acquisition enhances the CenturyLink Cloud platform with new Database-as-a-Service (DBaaS) capabilities and adds Orchestrate’s experienced data services team to CenturyLink’s Product Development and Technology organization. “CenturyLink’s customers, like most

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Blue Bell Creameries Voluntarily Expands Recall To Include All Of Its Products Due To Possible Health Risk

BRENHAM, Texas, April 20, 2015 /PRNewswire/ — Blue Bell Ice Cream of Brenham, Texas, is voluntarily recalling all of its products currently on the market made at all of its facilities including ice cream, frozen yogurt, sherbet and frozen snacks because they have the potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections

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Millennials Faring the Best Financially

NEW YORK, April 20, 2015 /PRNewswire/ — Millennials are feeling better about their finances than other age groups, according to Bankrate.com’s (NYSE: RATE) April 2015 Financial Security Index. Job Security 32% of employed millennials (18-29 year-olds) report higher job security relative to a year ago and just 4% report lower job security. Overall, 23% of employed Americans are feeling better

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Aspirin Use on the Rise

More Americans are dosing themselves with baby aspirin than ever before, reports the Association of Mature American Citizens.  One report showed that in the five years between 2005 and 2010 aspirin use rose by 57%.  Another study revealed that more than half of individuals between the ages of 45 and 75 take a low-dose aspirin tablet each day. “There’s no

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