D.C. streetcar report reveals questionable spending of taxpayer money

D.C. streetcar report reveals questionable spending of taxpayer money

By  Michi Iljazi / Taxpayers Protection Alliance This week, the Taxpayers Protection Alliance (TPA) released a newreport detailing questionable spending for the marketing and communications operation for the soon-to-be launched D.C. Streetcar.  To date, the 2.4-mile project has cost $200 million, or $83 million per mile. Last year, TPA submitted a Freedom of Information Act […]

Where negative interest rates will lead us

Where negative interest rates will lead us

By Patrick Barron / Mises Daily Despite zero-interest-rate-policy (ZIRP) and multiple quantitative easing programs — whereby the central bank buys large quantities of assets while leaving interest rates at practically zero — the world’s economies are stuck in the doldrums. The central banks’ only accomplishment seems to be an increase in public and private debt. […]

Do central bankers now rule the Earth?

Do central bankers now rule the Earth?

By G.S. Early / Personal Liberty Digest Eight years ago, the U.S. economy started to blaze a trail through uncharted territory. Soon, the rest of the world was following. Not much different than the Pilgrims leaving Europe for the New World or the pioneers heading West, with the near-collapse of the financial system nations set […]

British firm unveils lightweight hydrogen fuel-cell car

British firm unveils lightweight hydrogen fuel-cell car

Berlin (dpa) – A new carmaker based in the Welsh town of Llandridod has come up with a lightweight hydrogen fuel-cell-powered two-seater which is poised to go into production. The Riversimple Rasa uses an 8.5-kilowatt fuel cell to combine hydrogen with oxygen. The device creates electricity, along with harmless emissions at the tailpipe in the […]

Global tensions send Russian vodka exports plummeting 40 percent

Global tensions send Russian vodka exports plummeting 40 percent

Clashes with the West over Ukraine and Syria are hitting home for the Russian economy, as foreign markets for its signature spirit, vodka, fell sharply in 2015. The Russian business newspaper Kommersant reported Tuesday that exports of vodka by both value and physical volume was off 40.2 percent in 2015, as the overall economy continued […]

Durable goods orders jump 4.9% – One hit wonder?

Durable goods orders jump 4.9% – One hit wonder?

By Mike “Mish” Shedlock Durable goods jumped 4.9% well over the Econoday Consensus Estimate. Aircraft led the way, but core  capital goods bounced sharply as well. Curiously, the bond market let out a big yawn. Treasury yields fell, the opposite of what I expected when I saw the report. Highlights The factory sector bounced back […]

EPA asks Volkswagen to make electric cars in U.S. to atone for rigged emissions tests

EPA asks Volkswagen to make electric cars in U.S. to atone for rigged emissions tests

U.S. environmental regulators are not letting a crisis go to waste, seeking to make Volkswagen do more than fix the diesel engines that cheated on emissions tests. According to a report in the German newspaper Welt am Sonntag, the Environmental Protection Agency wants Volkswagen to subsidize the electric-car industry to atone for the diesel-engine cheating. […]

DHS wants Internet users to work as government spies

DHS wants Internet users to work as government spies

By Sam Rolley / Personal Liberty Digest The Department of Homeland Security is in the process of ramping up spending on its Orwellian “If You See Something, Say Something” campaign to encourage more members of the public to report to government agents anything they may deem “suspicious” activity on the Web. According to federal budget […]

The ban on cash is coming – soon

The ban on cash is coming – soon

By Simon Black / The Daily Bell This is starting to become very concerning. The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam. On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 […]

FCC Chairman Wheeler opts for more regulations by resurrecting AllVid proposal

FCC Chairman Wheeler opts for more regulations by resurrecting AllVid proposal

By Michi Iljazi / Taxpayers Protection Alliance The Federal Communications Commission (FCC) and its current Chairman Tom Wheeler aren’t very good at many things, but one thing Wheeler’s FCC excels at is expanding the regulatory reach of the agency. The Taxpayers Protection Alliance (TPA) remains constantly engaged in the fight against the Wheeler-Obama “net neutrality” Internet […]

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