Chriss W. Street

Latest News

Euro-Notes_Reuters

Germany Carves Out a Backdoor Exit from the Euro

The European Central Bank (ECB) gave the Left and their allies meeting in Davos, Switzerland, everything they could have hoped for with the announcement that they have agreed to print $1.13 trillion of new cash to buy the national debt of their insolvent members. But “hidden within the announcement is evidence of Germany's weakening commitment to the European project,” according to Stratfor.
Apple Sweatshop in China

Apple & Friends Hammered for Employment Fraud

Apple, Google, Adobe and Intel, whose politics are often to the far left, have agreed to pay $415 million to resolve a class-action lawsuit alleging they conspired as an illegal cartel to suppress tech workers’ wages through secret “non-poaching” agreements involving 64,000 employees.
AP

Google to Blow-up Wireless Duopoly

Eric Schmidt told the World Economic Forum in Davos, Switzerland this week that "the Internet will disappear.” As he was speaking, The Information, The Verge and the Wall Street Journal reported that Google plans to run a new wireless service that resells the wireless services it already buys wholesale from the Sprint and T-Mobile networks. Google, Sprint and T-Mobile all declined to confirm or deny the reports.
Facebook (Associated Press)

Facebook Banishes Competition from News Feed

Facebook intends to use this knowledge to develop algorithms that can “scalably” silence what it deems to be “noise” in users’ accounts. But what they are really after is to hide un-paid crap, to free up more user space for the good Facebook-paid crap.
AP Photo/Gregory Bull

Middle Class Hits 50 Year Low on President Obama’s Watch

President Barack Obama in his State of the Union speech said, “The verdict is clear, middle class economics works.” Obama said lots of words about how the U.S. economy has improved, but he avoided the “numbers” regarding how or if that improvement had reached the middle class. If the president had used the “numbers,” he would have to explain why real middle class paychecks hit a 50 year low on his watch.
Jerry Brown (AP)

California Missing Manufacturing Boom Due to Alternative Energy Subsidies

Despite California having the largest manufacturing base in the nation, the state is growing high-paying manufacturing jobs at only one seventh of the U.S. average. The culprit in this debacle is Governor Brown’s wildly expensive alternative energy mandates that stab industrial manufacturers with electrical costs that are about double the U.S. average.
California Tattoo (Joel Pollak / Breitbart News)

California Might be 7th Largest Economy, But is 1st in Poverty

Jerry Brown might try to claim credit for rising employment, home values and personal and corporate income. But California’s growth has been due partly to the importation of impoverished foreign immigrants, driving the state's highest annual population growth rate in nearly a decade, according to the state’s finance department.
JU PENG / XINHUA/AFP

China Chasing Hundreds of Billions from Casino Money Laundering

The former Portuguese colony of Macau took in $45 billion in gambling revenues in 2013, up 20% from the prior year and nearly seven times the action on the Las Vegas strip. But in the last six months, China’s President Xi Jinping has devastated the “Monte Carlo of the Orient” as he accelerates his anti-corruption campaign against vast layers of entrenched officials. Xi hopes his purge will deflect blame away from the Communist Party as China suffers its worst economic crisis in two decades.

Breitbart Video Picks