Amazon Pays Zero Corporate Tax for Second Year in a Row
SAN-FRANCISCO – February 21, 2019 Cyber-retailing giant Amazon Inc., the company that belongs to the richest man in the world, Jeff Bezos, did not pay a cent of corporate income tax either in 2017 or 2018. At the same time, Amazon’s revenues, which, in theory, should be levied, amount to many billions of dollars. https://www.zerohedge.com/news/2019-02-19/amazon-paid-zero-corporate-tax-second-year-row In fiscal 2018, Amazon's net income was $11.2 billion, which is two times more compared to $5.6 billion a year earlier. Yet, a report by the Institute on Taxation and Econ...
WTO World Trade Indicator Falls to 9-year Minimum
NEW YORK – February 20, 2019 World trade volumes continue to decline as economic growth has slowed in recent months in many countries. A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday. As noted in the World Trade Organization, the key components of world trade continue to show negative dynamics. Since October 2018, the WTO has noted a noticeable decline in the general indicator of world trade, as well as its components - export orders, the volume of air cargo transportation, sales of cars, electronics and ra...
The US’s condition for ending trade war with China
BEIJING –February 20, 2019 During the talks between China and the US, the next round of which is to start this week, both countries agreed that the issue of the yuan exchange rate will become an important part of the deal. Washington expects Beijing to abandon the artificial devaluation of its currency in response to the introduction of US tariffs, SCMP reported, citing Bloomberg. According to the agency, this issue has been under discussion for several months, but the negotiators have not yet managed to reach a consensus, although Chinese representatives told US Treasu...
The Polarization of the Political System Weakens US Economic Stability
NEW YORK – February 19, 2019 Proposals such as the New Green Deal, “free healthcare for all,” and other similar measures by the Democratic Party that have recently gained popularity among voters reflect the growth of populist sentiment in the US and portend the turbulence of the further economic course of the White House. In recent years, increasingly different proposals for the redistribution of income have been heard in the US. A sharp increase in taxes on wealthy Americans, the separation of large financial companies into smaller structures, limiting the repurchase o...
US Retail Sales Collapse: Recession Is Coming
NEW YORK – February 19, 2019 Statistics on retail sales in the US in December shocked analysts - instead of the expected growth of 0.2%, there was a fall of 1.2% (the worst figure in 9 years). Some experts said that this figure is wrong, and some that it’s a sign of a quick recession: https://www.cnbc.com/2019/02/14/retail-sales-were-so-bad-its-either-suspect-or-a-recession-warning.html Data from the US Department of Commerce came out with a delay due to the government's shutdown and did not coincide with some other indicators. Data for January is also delayed. However...
America Spends Millions of Taxpayers’ Money in “Battle for the Arctic”
USA – February 15, 2019 After the formal end of the longest shutdown in U.S. history, Congress seems to be so weak that they almost capitulated to President Trump over his proposed bills. The White House announced on Thursday that Trump will sign a compromise bill to fund border security, but he will declare a national emergency to build the wall. Both the House and the Senate passed the bill Thursday evening. This looks more like a Trump victory even though it was very expensive. American taxpayers will pay for it, in any case. What was also important is that after seve...
America's Big Retail Crisis Greatly Accelerating in Early 2019
WASHINGTON - February 15, 2019 Official statistics show that retail trade in the US is below the norm by 30% of total sales. Although this has been happening for years, the numbers escalated dramatically in early 2019. The Commerce Department announced a 1.2% decline on Thursday, the largest since September 2009, when the economy came out of recession. Other data shows December online internet sales (non-store retailers) tumbled 3.9% -- the biggest drop ever. Overall, online trading accounts for less than 10% of the industry. According to businessmen of small productio...
The Rothschilds and the Global Jewish Project
AUSTIN, TEXAS – February 15, 2019 Some global projects are easy to find out about. Everyone understands that there is the Breton Woods system with its institutions and a source of wealth (dollar emission), everyone knows that the beneficiary of this system is the transnational financial elite (the figures of redistribution of profits in the world economy in its favor, which grew 10 times in a hundred years, are not a secret), but it is not known just who personally “manages” there. But this is understandable: Economic analyses are much more transparent than issues of the...
G-10, Or Who Manages the Bank for International Settlements
NEW YORK – February, 14, 2019 The most important principle in the world of finance is secrecy. Information about certain decisions, about specific operations, about the plans of financial institutions, about their situation is hidden not only from ordinary citizens, but also from state institutions with control rights. The world of finance is a second reality, a parallel world that is increasingly influencing our daily lives, the first reality. And the stricter secrecy is, the greater the effectiveness of this influence. The textbooks on economics usually name only two i...