China Only Has 2 Years of Currency Reserves
With China’s foreign exchange reserves falling by $490 billion in the last twelve months, China is on pace to run out of currency reserves in just two years.
Chriss W. Street
Latest News
BP Gets $5.35 Billion Tax Return in Deepwater Settlement
The U.S. Department of Justice has offered BP a $20.8 billion settlement over the 2010 Gulf of Mexico Deepwater Horizon oil spill that will allow it a $5.35 billion tax windfall.
Student Loan Debt: Democrats Shift Blame from Obamacare
With 27 percent of student loan borrowers in default, Democrats want to shift blame away from the multi-billion dollar indirect Obamacare tax that is driving interest rates up on student loans.
Apple iOS Attacked by YiSpecter Malware from China
Security site ‘Palo Alto Networks’ put out a warning that an iOS malware that cleverly can infect “non-jailbroken” Apple devices using enterprise certificates and private APIs has been infecting iPhones for 10 months and could herald a new era of iOS threats.
Saudi Arabia Cash Reserves in Free-Fall
Saudi Arabian cash reserves are in free-fall due to China’s economic crash driving oil prices down to an average of $45 a barrel and the Kingdom becoming the world’s third largest military spender.
Transgenders Complain about Not Getting Served by Obamacare
Although Americans were expected to accept Obamacare pushing healthcare premiums up by 6 percent of wages after inflation to cover such important medical procedures such as sex reassignment, it now appears that transgenders are not being served.
Obama Vs. America; President Tries To Get Pacific Trade Deal Through Congress
President Obama faces a fight in Congress, and opposition from Democrat and Republican presidential candidates, as he revs up his campaign for congressional approval of the deeply-unpopular Trans-Pacific Partnership free-trade deal. The deal was finalized Oct. 5 by trade ministers from
‘Peak Water’: Left’s New Mantra After ‘Peak Oil’ Fails
Twenty years ago, the volatile Persian Gulf supplied 35 percent of U.S. oil consumption and the left’s so-called experts were screaming that the world had hit the “peak oil” extraction point, after which supply would soon dwindle rapidly.
Jerry Brown Vetoes all Drone-Restricting Legislation
California Governor Jerry Brown showed his unflinching support for unlimited drone operations by vetoing three bipartisan bills protecting privacy, public safety and education.
Tesla Model X Blows Away Cynics at Fremont Unveiling
The Tesla Model X SUV was introduced earlier this week to rave reviews for its design touches, including rear “falcon-wing” doors that open upward for seven passengers.
9th Circuit Dumps Paying College Athletes
The U.S. Ninth Circuit Court of Appeals ruled Wednesday that the National Collegiate Athletic Association (NCAA) may restrict colleges from compensating athletes beyond the cost of attendance.
Gashoax: Breitbart Interviews Filmmaker Phelim McAleer
Phelim McAleer, investigative journalist and filmmaker of the new short film Gashoax, sat down with Breitbart News to discuss his rivalry with anti-fracking activist and producer of Gasworks, Josh Fox. McAleer had an outstanding career as a top newspaper investigative journalist with
Dueling Pro- and Anti-Fracking Movies Debut Oct. 1
With faux-science video producer Josh Fox about to release his Gasworks video on Thursday, it appears his incendiary claims will get same-day competition from a new film called Gashoax by Phelim McAleer, the cinematographer who made Frack Nation.
Samsung Pay Set to Crush Apple Pay
The newly-introduced Samsung Pay is about to crush Apple Pay, because all newer generation Galaxy mobile phones already work with 85 percent of “swipe-style” credit card machines.
UFW Celebrates 50th Anniversary with Membership Down by 85 percent
The United Farm Workers celebrated in Delano their fiftieth anniversary of their founding over the weekend with red flags waving over a union that has shrunk by 85 percent.
Airbnb Seeks Best Government Money Can Buy in San Francisco Election
With San Francisco’s local election day approaching, Airbnb and friends have raised more than $8 million to fight tougher restrictions on short-term “vacation rentals.”
Trump Tax Plan: Majority of Millennial Women, Hispanics and Blacks Pay No Tax
Trump’s tax plan is designed to gain Republican support from populations that tend to vote Democrat by eliminating federal income taxes on 61 percent of black and 55 percent of Hispanic couples, while eliminating income taxes on almost 50 percent of millennial women.
ATR Says Trump Tax Reform Meets “The Pledge”
The anti-tax group, Americans for Tax Reform, said today that Donald Trump’s tax reform proposal meets its “Taxpayer Protection Pledge” to oppose net tax increases. In this Presidential cycle, Grover Norquist’s Americans for Tax Reform got every GOP candidate, except Trump,
Apple Launch Mania: Selling 50 iPhones Per Second
Apple reported that it sold over 13 million iPhone 6s and 6s Plus in the launch weekend, beating its 2014 iPhone 6 record by 3 million devices. Wall Street analysts had expected Apple to sell up to 12 million smartphones, because the
Gov’t Data: Federal Reserve Swindled Trillions From American Savers
Fed Data: Federal Reserve Swindled Trillions From American Savers
Regulators Push CA Gas Price up to 80 Cents Higher
California regulators approved a climate change rule on Friday that will push California gasoline prices up to at least an 80 cent premium over the U.S. national average.
Ninth Circuit Upholds Seattle Discriminatory $15 Minimum Wage Law
The Ninth Circuit Court of Appeals ruled today that Seattle’s minimum wage does not violate the Constitution or existing laws, despite requiring that franchise businesses start paying a higher minimum wage more quickly than non-franchise small businesses.
El Niño: China, Facing Drought, Accepts U.S. Rice
China’s President Xi Jinping will sign an agreement to open up China’s rice market to U.S. exports as part of his economic charm offensive this week, after signing a $38 billion aircraft deal with Boeing in Seattle.
Berkeley Firm Invents Glasses to Correct Color-blindness
A Bay Area company named EnChroma has just released glasses that use multi-notched filters that for the first time can correct the red-green color blindness suffered by 8 percent of men and 0.5 percent of women of Northern European ancestry.
Obama Makes New Push for Minority Mortgages
The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.
