Delinquencies Are Surging As $1.6 Trillion Student Loan Bubble Inflates

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U.S. student-loan delinquencies surged in 2018, hitting a record $166.4 billion in the fourth quarter. Bloomberg reports – Delinquencies continued to climb even as the unemployment rate fell below 4 percent, suggesting the strong U.S. job market hasn’t generated enough wage growth to help some people manage their outstanding obligations. Income levels for graduates “are… Read More

Trump Courts Latino Vote In Miami Speech: Venezuela's Move To Democracy Is "Irreversible"

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Live Feed: It’s been all Venezuela, all day in Miami thus far on Presidents’ Day ahead of Trump’s remarks at Florida International University, in a region where Venezuela politics have often become local politics in South Florida, given the nearly 40,000 registered voters in the state who’ve self-identified as being born in Venezuela.  Trump is expected to… Read More

Kamala Harris' Father Slams Her "Pursuit Of Identity Politics" After Pot-Smoking Jamaicans Joke

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The father of 2020 Democratic presidential contender Kamala Harris, Jamaican Professor Donald Harris, has issued a sharp rebuke after his daughter casually stereotyped Jamaicans in an effort to look cool on a radio show. When asked on New York City‘s hip-hop radio show “The Breakfast Club” if she opposes legalizing marijuana, Harris replied:  “That’s not true,” adding “and… Read More

Monday Afternoon Links

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[Bloomberg] Stocks, Commodities Climb as Trade Optimism Builds: Markets Wrap [Reuters] Oil gains as investors grow optimistic over OPEC output deal [Reuters] Brazil markets fall as Cabinet scandal shadows pension overhaul [Reuters] EU says it will react swiftly if Trump hits it with car tariffs [Reuters] Auto industry lines up against possible U.S. tariffs [Bloomberg] Turkey Cuts the Amount of Cash… Read More

More Accounting Games At AMZN

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On January 31st, Amazon reported an expected “beat” for Q4 revenue and net income. After the headline report hit the tape, the stock soared $59 to $1777 from the closing price ($1718) minutes earlier. But then the stock began plunging. It closed the after-hours session at $1635, down $142 from the earnings headline spike and… Read More

How South African mines cope with power cuts

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* Industry one of biggest consumers of power * Deeper power cuts risk production, jobs * Some eyeing own power generation * But say face red tape By Tanisha Heiberg and Zandi Shabalala JOHANNESBURG/LONDON, Feb 18 (Reuters) – South African utility Eskom imposed the worst power cuts in several years on homes and businesses last… Read More

Self-Hating Whites

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Self-Hating Whites Paul Craig Roberts White people are on the point of extinction. If you say anything about it, you are labeled a “white supremist.” Black lives matter, but not white lives. We this, for example, in South Africa where white farmers are being massacred under the slogan “land or death” by blacks whose forebears… Read More

"The Future Ain't What It Used To Be"

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Authored by MN Gordon via EconomicPrism.com, Something rather distressing with the political economy’s going on… The populace, through a long sequence of self-inflicted economic and social depravities, has a bazillion and one fire ants up its pantaloons.  What’s more, they don’t like the uneven mix of pain and panic this provokes.  But they aren’t quite… Read More

First it was tobacco – now big food is in the firing line

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A report by the medical journal, the Lancet is calling for a treaty against junk food similar to the anti-tobacco and climate change campaigns. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for free 30 day trial (card details required). Source: biznews.com

Amplats declares biggest dividend since 2008 as Palladium surges

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By Felix Njini (Bloomberg) – Platinum prices are languishing near decade lows, yet investors in the No. 1 supplier of the metal haven’t had it this good for years. Anglo American Platinum Ltd. declared its biggest dividend since 2008 as the company reported full-year earnings that nearly doubled, thanks to a weaker rand and surging prices… Read More

What Millennials Need to Know about Mining

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Millennials have a lot to gain by thinking early about their financial futures, since they have an invaluable asset: time. For educational entrepreneur Fabiana Lara, long-term investments in the resources sector are particularly suited for the young who can better afford to take on more risks and losses than older generations. Since becoming a successful… Read More

Grasberg hasn't received new copper export permit

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JAKARTA, Feb 18 (Reuters) – * PT Freeport Indonesia’s copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message. * The unit of Freeport McMoRan… Read More

"This Time Is Not Different" – Saxobank Warns The Temporary Calm Won't Last Long

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Authored by Christopher DEMBIK, Head of Macroeconomic Analysis, Saxobank, Investors seeking to track the probability of an incoming US recession must familiarise themselves with the yield curve, a key indicator. Based on the market’s favorite indicator, the yield curve, the risk of US recession is becoming increasingly credible. Hopes for growth improvements may vanish quickly if policymakers… Read More