The massive devaluation of Venezuelan currency has led to the scarcity of items required for daily living; including toilet paper. Venezuela has no toilet paper
Christie’s Art Sale Smashes Records: Records were smashed for Jean-Michel Basquiat, Jackson Pollock, Roy Lichtenstein and auctions themselves as Christie’s sold $495 million of contemporary art last night in New York.
The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press.
Tea Party Targeted by IRS: Who Was Responsible? Cook reports on the admission by the IRS who singled out conservative groups based on political stances
GLD gold ETF inflows sees biggest rise in two months, while China continues its massive purchases of gold. Manipulators forcing gold down may have backfired
Fighting the Bank of Japan: Stagflation a Risk? Scarlet Fu examines the BOJ’s unprecedented easing and its affect on the Yen and Japanese stock market.
When Do High-Yield Bonds Become Junk Bonds? On today’s “Insight & Action,” Adam Johnson looks at bonds on Bloomberg Television’s “Street Smart.”
Japan’s Debt Problem Visualized: A short, visual explanation of Japan’s debt crisis by Addogram
President Obama in his remarks at Osawatomie High School in Osawatomie, Kansas said, this is not just another political debate. This is the defining issue of our time. This is a make-or-break moment for the middle class, and for all those who are fighting to get into the middle class. Because what’s at stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, secure their retirement.