Bank of America has reported a 43% drop in its second-quarter profits after a fall in mortgage revenue and a rise in legal costs. The bank, the US's second largest, said net income of $2.3bn (£1.34bn) was down from $3.4bn (£1.99bn) a year earlier. Its finances have been hit recently by huge payments to the
From our fields to our forks, huge corporations have an overwhelming amount of power over our food supply every step of the way. Right now there are more than 313 million people living in the United States, and the job of feeding all of those people is almost entirely in the hands of just a
If I were to begin an article with a statement which promoted the idea that no more than two dozen corporations control every aspect of your lives, that statement would be met with a lot of resistance. Please consider the following: All money and money policy are controlled in this country by the ruling elite at
The practice of a pure free market is so rare that a plausible argument can be made that a free market economy never existed. However, as the saying goes, Once Upon A Time, economic commerce did reflect a voluntary basis for business transactions. The fortunes of trade rested upon the mutual benefit of all parties,
Very recently I came across a scenario in the streets of Hollywood, California. The big scene seemed a bit striking to the average person walking by as it was the middle of the day in a crowded busy Hollywood street. A closer look caused me to be even more intrigued - there was a gentleman
Chipotle, the poster restaurant for healthy, sustainable and ethical ingredients has announced that it’s sourcing its grass fed beef from Australia. While the chain insists the issue is related to demand exceeding supply—the chain has doubled in size in recent years—critics think it’s more about price than it is about supply. Chipotle founder Steve Ells
Tactical Firearms is a profitable community business in Houston, TX. Jeremy Alcede states that Tactical Firearms has the nicest firing range in the country. Mr. Alcede goes on to state the property the firing range sits on is worth $9 million dollars. Currently, there is an outstanding loan against the property of $6.5 million dollars.
Do you wish that you had a better job? If so, you are not alone. In fact, there are millions upon millions of Americans that get up every day and go to a job that they wish that they could afford to quit. Unfortunately, most Americans end up just desperately holding on to the jobs
The cybersecurity bill making its way through the Senate right now is so broad that it could allow ISPs to classify Netflix as a "cyber threat," which would allow them to throttle the streaming service's delivery to customers. It would be a backdoor way for ISPs to undermine net neutrality, and it's one of the
In a catch-22 so nice, they're getting screwed twice, legal cannabis businesses who already have issues getting denied bank accounts by financial institutions are now getting hit with a 10% penalty on federal employee withholding taxes. The IRS requires businesses to pay these quarterly taxes via bank wire, but since banks are still skittish about
Eight years ago, Du Sha cashed out his chain of home-improvement centers — the first superstores of their kind in China — with a sale to Home Depot for $100 million. Today, with a net worth of more than $600 million, the former economics professor has taken up the conventional pastime for those with money
With unemployment rates skyrocketing, going out and finding a new job can be nigh on to impossible these days. This is only going to get trickier as the government continues to force businesses to increase the minimum wage. Workloads that used to provide employment to two people are now forced onto one. The work performed
The U.S. dollar is being increasingly dropped as the currency for settling international trade. But perhaps the latest trend provides the most startling evidence yet that the dollar is doomed as the world reserve currency. The Financial Times reported today that U.S. corporations are using the Chinese renminbi to buy imports over three times more
There are already more than 101 million working age Americans that are not employed and 20 percent of the families in the entire country do not have a single member that has a job. So what in the world are we going to do when robots start taking millions upon millions more of our jobs?
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A new poll suggests that finding employment, particularly for the long-term unemployed, continues to be a struggle for Americans. The poll, conducted by Harris Poll on behalf of Express Employment Professionals, asked questions of 1,500 unemployed adult Americans last month. “This survey shows that millions of Americans are at risk of falling into the trap