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Kenneth Schortgen Jr.

Real indicator of lower tax receipts negates ongoing fraud that U.S. companies are achieving higher earnings

Since most U.S. corporations do not have to report real total earnings thanks to their ability to function under non-GAAP accounting, it is often amusing to see when a company reports lower revenues than the quarter before, but then goes and beats their earning 'estimates'.  And according to a study by Marketwatch last year, this is especially prevalent for the top corporations on the S&P 500. Marketwat ...

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Retail chains on the edge continues to grow as number jumps from 11 to 22 in just a week

Last week we wrote about the most recent retail/restaurant chain to announce they were preparing to file for bankruptcy protection, making the managers of Joe's Crab Shack the third store conglomerate in the past 30 days to publicly cede to default or insolvency.  And now on June 9, the list of retail chains residing very close to the edge of needing their own bankruptcy protection has doubled in just a wee ...

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Trump’s DOJ ends Obama policy of using court settlements to help fund liberal organizations

There were many things that former President Barack Obama did while in office that might be considered improper or even borderline illegal.  For example, Obama secretly took money from Fannie Mae to use to subsidize his Obamacare premium scheme which was not authorized by Congress, who by law holds the power to all monetary appropriations. And on June 7, President Trump's Attorney General announced the DOJ ...

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Collapse of retail keeps on coming with more store closures and another retail chain bankruptcy

Just a month after Sears CEO Eddie Lampert gave an extremely animated Earnings Call in which one shareholder asked him if he was 'paranoid' and 'delusional' about his belief that the long-standing retailer would soon turn things around, the once primary anchor store of nearly every mall in America is closing down 66 more stores in what has been a hemorrhage of locations over the past several years. Less tha ...

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Seattle continues to prove their goal is to drive businesses completely out

There is a nearly flawless truth when it comes to liberal government policies... they have absolutely no idea how money and finance works.  And whether it is the implementation of Obamacare at the Federal level, which has in just a few short years destroyed affordable healthcare in America, or the implementation of higher minimum wages, which are causing restaurants and other small businesses to either have ...

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Colorado continues to prove that marijuana legalization can get states out of their economic binds

With a few more states voting to legalize marijuana last November, the opportunities to create new industries from the ground floor are becoming open to thousands of new entrepreneurs.  And judging by the benchmark set in the state of Colorado over the past three years when they became the first state to legalize pot, the potential economic returns from the burgeoning industry could be enough to bring many ...

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Corporate hypocrisy reigns regarding climate change following Trump’s remove from Paris Accords

Last week President Trump announced that the United States was pulling out of the Paris Peace Accords and dispensing with the worldwide farce of trying to counter global warming through the destruction of U.S. productivity.  And in response to his announcement, many in corporate America, especially from over in Silicon Valley, publicly crucified the President as being someone who cares little about the envi ...

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Less than three weeks after Rue 21 files for Bankruptcy, Gymboree prepares to do the same

America is seeing the death of retail accelerate before their eyes as the second fringe clothing retailer in less than three weeks prepares to file for bankruptcy protection following their defaulting on an interest payment. Gymboree is a retail chain that currently operates 630 Gymboree Retail, 150 Gymboree Outlet, 130 Janie & Jack, and 290 Crazy 8 stores in the US.  And it has already been through a f ...

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New jobs severely decline in May despite fake unemployment rate dropping to 4.3%

On Friday June 2 the Bureau of Labor Statistics issued its latest jobs report for the month of May, only to see the number of new jobs grow by even less than the lowest analyst estimate.  And then to add humor to the equation, this same government agency reported a decline in the unemployment rate thanks to slicing off 608,000 Americans they deemed no longer worthy to be counted in the labor pool. As previe ...

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Legendary investors states sanctions against Russia have actually helped their economy, not hurt it

Famous intellect Albert Einstein once coined the definition of insanity to be when one does the same things over and over and expects a different result.  And while Washington's use of economic sanctions may have achieved a certain amount of success a couple of decades ago when they were used against Iraq leading up to the Gulf War in 1991, and Hussein's final ouster in 2003, they have proven themselves to ...

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Ratings agencies downgrade the State of Illinois to virtual junk

In a place where they have the largest migration of people leaving the state, and are near the top of the list for financial insolvency in the country, on June 1 the ratings agencies of Moody's and S&P downgraded Illinois' credit rating to just one step above junk. Ever since the 2008 financial crisis the state of Illinois has seen its budget deficits go up, its crime rates skyrocket, its taxes increase ...

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EU politicians will fail in their attempts to enact Donald Trump’s ‘Art of the Deal’ over Brexit

One of the primary reasons why most governments are either bankrupt, under massive debt, or completely insolvent is because politicians have no real understanding of money, finance, and economics.  And it is also why most of their legislation today is written for them by corporations such as with Obamacare, and with Dodd-Frank. In fact the majority of politicians in the West are a combination of lawyers and ...

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