Fannie Mae’s CEO Timothy Mayopoulos Base Salary Of $750,000 Approved By The FHFA

July 1st, 2015

Fannie MaeOn June 29, 2015, the Federal Housing Finance Agency (“FHFA”) approved certain changes to the compensation of Timothy J. Mayopoulos, Fannie Mae’s Chief Executive Officer, to address objectives recently outlined by FHFA. Read more…

Banking, Earnings, Material Events

GP Strategies Corp Annual Meeting Of Stockholders Voting Results

July 1st, 2015

GP Strategies CorporationGP Strategies Corp (NYSE:GPX) held its annual meeting of shareholders. At that meeting, the following matters were voted upon: Read more…

Material Events

The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing

June 30th, 2015

Money Stock marketMichael Snyder:  Keep an eye on the shadow banking system – it is about to be shaken to the core.  According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars.  It has approximately tripled in size since 2002.  In the U.S. alone, the size of the shadow banking system is approximately 24 trillion dollarsRead more…

Banking, Economy, Government, News Of The Weird, Today's Top News, World News

Greek Banks Get Shutdown For A Week Making A ‘Grexit’ Even More Probable

June 29th, 2015

Greece Financial MeltdownMichael Snyder:  Is this the beginning of the end for the eurozone?  For years, European officials have been trying to “fix Greece”, but nothing has worked.  Now a worst case scenario is rapidly unfolding, and a “Grexit” has become more likely than not.  Read more…

Banking, Economy, Europe, News Of The Weird, Stock Market, Today's Top News, World News

THC Farmaceuticals Hires New President, Ed Rosenthal

June 29th, 2015

weed in a labOn June 15, 2015, Ed Rosenthal was hired as president of THC Farmaceuticals Inc (OTCMKTS:CBDG). Mr. Rosenthal is a California horticulturist, author, publisher, businessman and advocate for the legalization of marijuana use. Read more…

Material Events, Pharmaceuticals, Stock Market, Stocks

Noble Energy, Inc. And The Israeli Government Work To Resolve Regulatory Matters

June 29th, 2015

Oil RigNoble Energy, Inc. (NYSE:NBL) continues to work to resolve regulatory matters with the Israeli government, a key step to enable the sanction of certain future development projects in Israel. Read more…

Crude Oil, Government, Mining / Drilling, Today's Top News, World News

Gold Fund To Serve The New Strategy Of The Silk Road, Lead The New Gold Development

June 29th, 2015

Gold Chinese flag and Gold CoinsKoos Jansen:  Not surprisingly there is little official documentation on the recently launched Silk Road Gold Fund. However, the translation below (original article published on ifeng) provides an intriguing insight at what this Fund is about. Read more…

China, Gold, Markets, Today's Top News, World News

U.S. Oil Glut An EIA Invention?

June 29th, 2015

oilLeonard Brecken:  In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48. Production from Alaska fell by 61,000 barrels per day, putting overall U.S. output 15,000 barrels per day higher for the week ending June 12 compared to the previous week. Read more…

Crude Oil, Markets, Mining / Drilling, Natural Gas

Trans-Pacific Aerospace Co. Reduced It’s Common Shares By 790 Million

June 24th, 2015

Trans-Pacific AerospaceEffective June 22, 2015 Trans-Pacific Aerospace Company Inc (OTCMKTS:TPAC) reduced the number of common shares of the Company by a total of 778,952,234 common shares. Read more…

Material Events, Stock Market, Stocks

New Concept Energy, Inc. Elects Raymond Roberts Sr To The Board Of Directors

June 24th, 2015

Oil 6Effective June 17, 2015, the Board of Directors of New Concept Energy, Inc. (NYSEMKT:GBR) elected Raymond Roberts, Sr., age 84, as a director to fill a vacancy on the Board of Directors. Read more…

Crude Oil, Energy, Material Events, Natural Gas

How Your Bank Could Steal Your Money

June 23rd, 2015

Poor No money in wallet:  (Still) Waiting for Greece: The Dow ended the week back above 18,000 points, despite all the hand-wringing over a potential Greek default.

Gold fell back below the psychologically important $1,200-an-ounce mark.

It is a wait-and-see period. Read more…

Banking, Europe, Inflation/Deflation, Markets, News Of The Weird, Today's Top News, World News

How Much Energy Does The Super Bowl Use?

June 22nd, 2015

footballMichael McDonald:  In the pantheon of American culture, no event is more iconic and distinctly American than the Super Bowl. Like all things American, the Super Bowl is huge, expensive, and a source of incredible passion for fans. Just running a 30-second commercial to the more than 100 million people that watch the game costs nearly $5 million.

So how much electricity and energy go into putting on the Super Bowl?  Read more…

Consumer, Energy, News Of The Weird, Utilities

Strong Withdrawals Mainland & Hong Kong Gold Vaults

June 22nd, 2015

Gold ChinaKoos Jansen:  From June 8 – 12 withdrawals from SGE certified vaults in China mainland and CME Kilobar vaults in Hong Kong accounted 76 for tonnes.

Withdrawals from the vaults of the Shanghai Gold Exchange (SGE) and Shanghai International Gold Exchange (SGEI) came in Read more…

China, Gold, Markets

ANADIGICS, Inc. (NASDAQ:ANAD) Receives Compliance Notice From NASDAQ

June 22nd, 2015

ANADIGICSOn June 18, 2015, ANADIGICS, Inc. received a letter from the staff of The NASDAQ Stock Market LLC providing notification that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Global Select Market under Nasdaq Listing Rule 5550(a)(2). Read more…

Manufacturing, Material Events

Signs Of Financial Turmoil In Europe, China And The United States

June 22nd, 2015

Earth In Peril - Public DomainMichael Snyder:  As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe.

In Greece, a full blown bank run is happening right now.  Approximately 2 billion euros were pulled out of Greek banks in just the past three days, Read more…

Banking, China, Economy, Europe, Markets, Today's Top News, World News

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