Alternative News

Rising Lease Rates Show Demand For Physical Gold Remains Strong

"Although the price of gold remains weak, retail investors and industries continue to pay a premium to buy the physical metal now. What appears to be occurring is gold is moving from weak hands, ETF holders and etc, to strong holders, that is physical holders. On Tuesday, one-month lease rates for gold hit a four-year high and rose to 0.3%. The lease rate is important because it in an indication of industry demand. Jewelry stores will borrow gold, which is backed by the future sales of their products. Mining companies will also borrow gold at the lease rate and then pay back the loan with future production." Continue reading →

Continue ReadingRising Lease Rates Show Demand For Physical Gold Remains Strong

JP Morgan is Taking Delivery of Silver. Why?

"The commodity futures market allows speculators to bet against each other on where the prices of commodities are headed. Participants make money by out-guessing their competitors. Only about 3% of the contracts ever result in delivery of the physical commodity. The speculators don’t want the commodities. They just want the price action. All of a sudden, without warning, JP Morgan is demanding delivery of silver — not money. This is never done. Well, almost never. Bunker Hunt tried that in 1979, and the COMEX changed the rules. He was trying to squeeze the silver market. The COMEX opted out. Hunt lost billions of dollars." Continue reading →

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Anonymous predicts demise of Corrections Corporation of America

"A final, interesting facet of the report - analyzing a recent development that's been little discussed among advocates - was its dissection and critique of the company's decision to become a 'real estate investment trust' (REIT) as essentially a tax dodge. Find below the jump a substantial excerpt (citations omitted) from the report explaining CCA's REIT strategy and the implications for their business model, shareholders and taxpayers." Continue reading →

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Phone companies earn big profits as Uncle Sam’s wiretapping merchants

"AT&T and Verizon are the two carriers making the most off this scheme, CBS notes, but others are getting in on the action as well. Verizon is particularly pricey, charging the government $775 to connect a wiretap, and another $500 every month it stays connected. AT&T comes in second with a $325 activation fee, along with a $10-a-day running tab. Smaller carriers like Cricket are said to charge around $250 per connection. Smaller fees were associated with text messages, but emails were largely given away for free." Continue reading →

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EPA sues Oklahoma utility for failing to estimate emissions that did not occur

"The EPA claims that OG&E failed to estimate emissions that did not occur. They are suing OG&E in an effort to force the company 'to assess whether its projects were likely to result in a significant [GHG] emissions increase.' The EPA had no authority to regulate GHG emissions when the work was done (2003 & 2006). The work (on boilers and turbine blade replacements) caused no emissions increase." Continue reading →

Continue ReadingEPA sues Oklahoma utility for failing to estimate emissions that did not occur

Austrian Steelmaker Offshores Production To … Texas

"Like many titans, the company is under pressure to increase profits while revenues are declining. Hence the need to cut costs. One solution: offshoring to cheap countries! The company announced in its annual report that it would undertake 'its largest ever foreign investment – construction of a direct reduction plant,' not in cheap countries like China or Indonesia, but in Texas. The plant will employ 150 people. The price of natural gas in the US is 'about one quarter of the price in Europe,' the company conceded. It would allow the company to produce low-cost HBI for its plants in Linz and Donawitz and ensure 'their competitiveness in the long term.'" Continue reading →

Continue ReadingAustrian Steelmaker Offshores Production To … Texas

Health Care Non-Insurance

"Health care insurance premiums in 2014 will rise 100%. Some will rise 400%. Premiums will not rise for my wife. She is exempt from ObamaCare, yet she has no health insurance. She has health care non-insurance. She pays $85 a month for a program of shared liability for sickness. It's not insurance, legally. It is not regulated by the government. If she has to get an operation or major medical service, she will not have to pay. For an extra $2 a month, she is in a supplemental program in case the bill goes above $125,000. It does not pay for office visits or prescriptions." Continue reading →

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Man Has Home Ransacked by Police for Paying Cash

"It all started one Saturday morning when Jarl Syvertsen, a 59-year-old disabled Norwegian man, purchased a PC, TVs, and washing machines for 80,000 kroner which he paid in cash. On Sunday a male and a female police officer appeared on Mr Syvertsen’s doorstep. The police were there with a warrant to search his home, charging that the cash he had spent was money that 'came from a criminal offense.' In fact, the money was actually part of an approximately one-million dollar advance on an inheritance he had received. The police would have none of it and proceeded to invade his home and his privacy." Continue reading →

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America’s Corporate Tax System Ranks a Miserable 94 out of 100 Nations in “Tax Attractiveness”

"A couple of economists at a German think tank put together a 'tax attractiveness' ranking based on 16 different variables. The statutory tax rate is one of the measures, of course, but they also look at policies such as 'the taxation of dividends and capital gains, withholding taxes, the existence of a group taxation regime, loss offet provision, the double tax treaty network, thin capitalization rules, and controlled foreign company (CFC) rules.' The United Arab Emirates has one of the world’s most attractive corporate tax systems, notwithstanding having the highest corporate tax rate. Unfortunately, the United States remains mired near the bottom." Continue reading →

Continue ReadingAmerica’s Corporate Tax System Ranks a Miserable 94 out of 100 Nations in “Tax Attractiveness”

The situation on the ground in Athens

"The total number of unemployed is roughly 57% of the entire Greek work force. And as you probably know, the situation for young people is even worse. Only 1 in 3 people aged 25 and under has a job. This phenomenon, sustained for several years now, has cut deeply into the psyche of an entire generation that is growing up without productive work experience or the prospect of improving their lives. The middle class here has been completely gutted. Aside from a few pockets of wealth, the country is either unemployed or working poor, hamstrung by debilitating debt. The suicide rate here has skyrocketed, crime is noticeably higher, and prostitution is rampant." Continue reading →

Continue ReadingThe situation on the ground in Athens