HILLARY CLINTON IS GOING TO RAISE TAXES BY A LOT

The former secretary of state proposed a slew of new hikes – including a 28 percent cap on itemized deductions to raise $350 billion for college subsides. Through “business tax reform,” she said she plans to bring in $275 billion for infrastructure purposes and plans to raise somewhere between $400 and $500 billion in revenue by eliminating certain deductions, raising the estate tax, capital gains tax and implementing the “Buffett Rule,” meaning anyone making over $1 million a year will face at least a 30 percent tax rate.

Read clips from the transcript below:

http://www.infowars.com/hillary-clinton-is-going-to-raise-taxes-by-a-lot-2/

In This Globally Interconnected Economy, “Nobody Wins” If Fed Hikes Rates

The parlor game of the moment is laying odds on the Federal Reserve’s decision to raise rates, leave rates unchanged, or (gasp!) hint at future stimulus. There are certainly a multitude of inputs to the Fed’s decision, and a variety of potential consequences, but only one really matters: the effect on foreign exchange/currency markets.

It’s not that difficult to understand the one dynamic that matters. If the Fed raise yields/interest rates in the U.S., that makes the U.S. currency, i.e. the U.S. dollar (USD), more attractive.

Higher yield = more attractive, especially when coupled with the liquid market for U.S. Treasuries and the relative safety of the dollar vis a vis other currencies issued by falling-into-recession nations and trading blocs.

http://www.zerohedge.com/news/2015-09-14/globally-interconnected-economy-nobody-wins-if-fed-hikes-rates

IN THIS GLOBALLY INTERCONNECTED ECONOMY, “NOBODY WINS” IF FED HIKES RATES

 The parlor game of the moment is laying odds on the Federal Reserve’s decision to raise rates, leave rates unchanged, or (gasp!) hint at future stimulus. There are certainly a multitude of inputs to the Fed’s decision, and a variety of potential consequences, but only one really matters: the effect on foreign exchange/currency markets. 

http://www.infowars.com/in-this-globally-interconnected-economy-nobody-wins-if-fed-hikes-rates/

ECONOMICS 101: WAL-MART HIKES MINIMUM WAGES, PREPARES TO FIRE 1000

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

“The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins,” Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

http://www.infowars.com/economics-101-wal-mart-hikes-minimum-wages-prepares-to-fire-1000/