money

US Federal Court Orders Seizure of Venezuela’s Citgo Petroleum Assets in the US

A US federal judge authorized the seizure of Venezuela’s only sizable US asset, Citgo Petroleum. This was the country's major source of income and its loss will cripple the Maduro regime. Venezuela is $150-billion in debt and will fall into full default without income from Citgo. The Russians will also lose money because they own 49% of Citgo. [...]

Canada: Ontario’s New Government to Abandon Socialist ‘Basic Income’ Experiment

'Universal basic income' is a socialist scheme that takes money from taxpayers and redistributes it to mostly non-taxpayers. Stockton, a city in California, will spend $900,000 over 18 months to subsidize 100 residents with $500 monthly. [We expect the program to become permanent in California, however, because legislators there do not care if a program is too expensive or unsustainable so long as it gets them elected.] [...]

Facebook Sets a Record by Plummeting More than $100 Billion.  CEO Mark Zuckerberg Sold Off $3.5 Billion in Stock Months Prior to Crash.

Mark Zuckerberg reportedly sold off $3.5 billion in stock following the Cambridge Analytica data-mining scandal that first surfaced on March 17.  It is unlikely that the SEC will investigate, as many influential pension accounts are invested in Facebook in some capacity. [...]

Las Vegas: MGM Sues Victims of Mass Shootings and Denies Responsibility!

MGM is claiming that a 2002 federal law extends liability protection to any company that uses 'anti-terrorism' technology or services that can prevent and respond to mass violence, and MGM hired security for the concert that was certified by the Department of Homeland Security.  A victims' attorney says that only the security company is protected from liability under the federal law and MGM is still on the hook for liability.  [...]

Amazon Is Set to Control 50% of All E-Commerce in the US, as Sales Rose 30% from Last Year

The company is forecast to hit sales of $258.2 billion by the end of 2018, a roughly 30% increase from the previous year. Many people, including President Trump, object to Amazon's advantages from tax loopholes, its special deal with the US Postal Service and hiring foreign workers instead of Americans to save money on labor. [...]