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Authored by Ryan McMaken via The Mises Institute, Chinese billionaire and Alibaba founder Jack Ma predicted this week that in 30 years, people will be working less than they do now. According to NBC:  "I think in the next 30 years, people only work four hours a day and maybe four days a week," Ma said.   "My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy." Only

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This looks interesting Walker’s Manual of Unlisted Stocks – Margin of Safety style –  expensive book unless its same as this version Walker’s Manual of Penny Stocks? Anyone have a LEGAL copy feel free to contact us H/T CornerOf Berkshire […] The post Walker’s Manual of Unlisted Stocks appeared first on ValueWalk.

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Facial recognition software is getting to the point where there are some very interesting things that can be done with it in everyday life. That includes really bad ideas like enabling the police to run record checks on everyone who passes in front of their body-worn cameras. But it also means that businesses can start applying the technology in novel ways. Here's what is happening on a trial basis in some German supermarkets and post offices, as reported by Deutsche Welle: There's a camera

Read more: Techdirt.

Submitted by Louis Cammarosano of Smaulgld * * * Based on remarks to Bundesbank Policy Symposium in a Speech “Frontiers in Central Banking – Past, Present and Future” contain clues of the battleplan. What if they fail? As cryptocurrencies, which trade outside the banking system attract more capital, governments and central banks are devising ways to try and stop and or control their rise. In “Cryptocurrencies Fiat Killers or Strengtheners” we noted how some

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Authored by Jason Ditz via AntiWar.com, The Wall Street Journal today announced that it is sacking its chief foreign affairs correspondent, Jay Solomon, related to “ethical lapses” that were revealed in a Tuesday AP expose that revealed Solomon’s substantial ties to an arms dealer and smuggler for the CIA. The AP investigation focused on Farhad Azima, an Iran-born magnate who had ferried weapons for the CIA, and founded a company, Denx LLC, that was trying to make a deal with

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Some very simplistic math from Moody's helps to shed some light on just how inevitable a public pension crisis is in the United States.  Analyzing a basket of 56 public plans with net liabilities of $778 billion, Moody's found that just a modest downside return scenario over the next three years (2017: +7.2%, 2018: -5.0%, 2019: 0%) would result in a 59% surge in new unfunded liabilities.  Moreover, given that total unfunded public pension liabilities are roughly $5 trillion in

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Similar to the Fed’s price-management of oil, the Fed has been keeping gold pinned under $1300 since early November in an effort to prevent a rising price of gold from undermining the dollar’s reserves status and signalling the escalating economic and financial distress in the U.S.   From PM Fund Manager Dave Kranzler: The falling […] The post Oil, Gold, & Bitcoin appeared first on Silver Doctors.

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MSCI has announced that China A-shares will be included in its emerging-market (EM) index next year, as we anticipated. Now, global equity investors need to consider how to access the vast universe of stocks traded onshore in China. The decision […] The post Exploring Routes To China After MSCI A-Shares Move appeared first on ValueWalk.

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Three weeks ago, the US military conducted its first successful test of a ground-based anti-intercontinental ballistic missile system that had cost more than $40 billion to develop, with the Pentagon lauding the test as “an incredible accomplishment.” But the Navy had no such luck on Wednesday following an unsuccessful test of a new ship-based anti-ICBM projectile. As the Missile Defense Agency announced in a press release, the test of the new SM-3 Block IIA missile - which was

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With a difference two years makes. The Chinese stock market was truly something to behold. I recall vividly watching on CNBC one particular segment where farmers remarked that trading the stock markets was far easier than farming. Warning signs don’t […] The post The Chinese stock market – With a difference two years makes appeared first on ValueWalk.

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By Chris at www.CapitalistExploits.at Him: "This market is absolutely 100% gonna crash." Me: "You sound so certain?" Him: "Just look at the valuations." Me: "Pricey valuations don't always culminate in a market crash. There are other factors to consider." Him: "Trump trade is over, and I'm now 50% hedged on US exposure and net long EMs. Plus, the dollar is finished. It's gonna be ugly." This conversation went on for some time. I was talking with a well known hedge fund

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Just hours after President Trump admitted he did not record any of his conversations with James Comey, the former FBI Director was spotted entering The New York Times office, in Times Square, NYC. As The Daily Mail notes, Comey confessed to being the source of a leak to the Times about private, unorthodox meeting he had with the president before he was fired in June. Comey, disguised behind dark sunglasses stared straight ahead as entered the Times Square office building, accompanied by his

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Why has it taking so long for Congressional Republicans to pass a law to repeal and reform Obamacare? They would all agree that not just any plan that lowers taxes paid by the rich and cuts healthcare benefits for the […] The post Healthcare Reform: The Goldilocks Solution appeared first on ValueWalk.

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Authored by David Stockman via The Daily Reckoning, So let’s start with an obvious point about the whole Russia fiasco… Namely, there is no “there, there.” First off, the president has the power to declassify secret documents at will. But in this instance he could also do that without compromising intelligence community (IC) “sources and methods” in the slightest. That’s because after Edward Snowden’s revelations in 2013, the whole world was put

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Qatar Airways, the national airline of that embattled Persian Gulf nation, plans to invest about $808 million in American Airlines. This is an unsolicited investment — a purchase of voting shares on the open market. This comes as U.S. airlines, including American, have criticized Qatar Airways and two carriers based in the United Arab Emirates about alleged unfair competition. They say the Persian Gulf governments subsidize ticket prices and service, undercutting U.S. carriers on routes to the Middle East, Africa and the Far East. Qatar may also have a geopolitical goal in mind. The country is in a bitter fight with Saudi Arabia and its gulf neighbors that have accused Qatar of supporting terrorist organizations in the region. In the past, Qatar has made big investments in the American economy to try to insulate itself from criticism and pursue better diplomatic relations with the U.S. Click the audio player above to hear the full story.

Read more: Marketplace All Stories

According to a recent study, the average total household debt in America is just over $132,500, broken down as per the chart below... ... and thanks to the Fed's recent and ongoing rate increases, the repayment of said debt will become increasingly more difficult. So difficult, in fact, that most Americans will be saddled with a sizable chunk of it at the time of their death. Actually, most already are. According to December 2016 data from credit bureau Experian provided to credit.com, 73%

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BREAKING: Former U.S. diplomatic officer Kevin Mallory arrested and charged with giving top-secret documents to Chinese agent. pic.twitter.com/hxW7BfvuKc — Josh Caplan (@joshdcaplan) June 22, 2017 Content originally published at iBankCoin.com A former State Department employee was arrested Thursday and charged with espionage for allegedly transmitting Top Secret and Secret documents to a Chinese government agent, according to an affidavit filed with the U.S. District Court in Alexandria,

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Bad loans are rapidly becoming the latest hot commodity in China as more domestic and foreign investors rush into the market and bid up prices. Non-performing loan prices have risen more than 30 percent this year, according to distressed investor Belos Capital Asia Ltd. The average selling price of NPLs has climbed to around 50 cents on the dollar in the past two years, from 30 cents, said Victor Jong, a partner in the deals and business recovery services unit of PricewaterhouseCoopers LLP in Shanghai. Such a high level is "very rare" in international markets, Jong said....Distressed
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Now that the Senate health care bill has been released, it’s being digested by all the relevant interested parties. Some of those interested parties are people running the state heath exchanges created under the Affordable Care Act. Peter Lee is the executive director of Covered California, California's health exchange and the first created after the bill became law back in 2010. He talked with Marketplace host Kai Ryssdal about the health care policy conversation in Washington. The following is an edited transcript of their conversation. Kai Ryssdal: What's it been like for you the past, what I don't know five, six months since the inauguration, trying to run essentially a health care business with the uncertainty in health care policy that's going on? Peter Lee: Well, here in California, we have 11 health plans participating in the individual marketplace, and we have a lot of stability because we can make things work for consumers and for the health plans. So it's been relatively stable. But around us, there's a huge amount of froth and churn that we're trying to navigate. Ryssdal: Explain that a little bit, would the froth and the churn? Because, as I'm sure you know, the health care bill from the Senate came out this morning, there's the House version that's going to have to be reconciled, and there is so much that you can't possibly know about how this is going to go. Lee: Yeah, there's a couple of things. First, right now, we're sitting down and negotiating for 2018 and health plans have been uncertain if they're going to get paid a major part of a subsidy for the federal government called cost-sharing reductions. So, in California we said, “Let's take it off the table.” We've given the plans a way to build the cost into their rates and make sure the federal government still pays for it. So, there are ways to negotiate and navigate these choppy waters, but on some levels what we're seeing right now with the Senate bill release is very choppy waters coming down the future for millions of Americans. Ryssdal: What do you make of the Trump administration, which obviously wants Obamacare to go away, what do you make of the policy decisions that it has made so far about cost-sharing subsidies and about other things that seem to put Obamacare in deliberate peril? Lee: Well, there's a number of things this administration has done, which in some ways are encouraging health plans to leave the market that's already unstable. At the same time, I want to give a tip the hat, the secretary the treasury and the IRS issued a policy saying they will continue to enforce the mandate. This is the law. And I think that's what we all, as Americans, need to hold them to. Related Why health care is like a Rubik's Cube How small businesses are dealing with health care limbo California leads in lowering health insurance premiums Ryssdal: The mandate, of course, being the individual insurance mandate that was part of the Affordable Care Act. And we should say here that you worked in health care in the Obama administration. What is the best-case for you in the next six months to a year in health care in this country? Lee: The best case for the next six months is — remember, there are millions and millions of Americans that have coverage today that did not five years ago. But also, millions of Americans have the peace of mind that if they get sick and they've got health insurance, when they show up it's still there for them. So, the last thing we want, I think anyone, is to go back to the bad old days of health care where you had an insurance card but whoops, sorry, we don't cover cancer. And that's the prospect of what we're seeing right now with the Senate health bill. Ryssdal: Is that what you're anticipating then, that some version of the Senate or the House bill passes and these changes come to pass? Lee: I'm not the right guy to game are they going to get 50 votes or not. If it does, millions of Americans are guaranteed to lose coverage and millions more are going to be facing coverage terms that are a lot more onerous then they have in the past. And that's one of the main things I think we all need to look at is the CBO next week is going to come out estimating the impact of this bill, and they're going to look at how many people are going to lose coverage. But all health coverage is not created equal. And a key question we all need to look at is: Are we going back to the days of skimpy benefits? Meaning, people have coverage in name only and can't get access to the care they need.

Read more: Marketplace All Stories

The US is pushing China deeper into a corner over the crisis with North Korea. It wants the Chinese to persuade the North Koreans to give up their nuclear weapons and ballistic missile programs. The popular perception is that Beijing […] The post Here’s Why China’s Supposed Influence Over North Korea Is A Bluff appeared first on ValueWalk.

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Authored by Jorg Guido Hulsmann via The Mises Institute, The word “deflation” can be defined in various ways. According to the most widely accepted definition today, deflation is a sustained decrease of the price level. Older authors have often used the expression “deflation” to denote a decreasing money supply, and some contemporary authors use it to characterize a decrease of the inflation rate. All of these definitions are acceptable, depending on the purpose of the

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