America’s 15 Highest Paying Companies

Glassdoor has compiled its newest report identifying America’s 15 Highest Paying Companies, in which the median annual total compensation starts at more than $140,000. This report evaluates salary and compensation information shared by employees over the past year on Glassdoor. The ranking of companies by median total compensation takes into account annual base salary, cash and stock bonuses, commissions and other forms of financial income. Interestingly, all the companies on this report represent only three industries: tech (9 companies), consulting (4 companies) and legal (2 companies). So why do these companies pay employees so much?”

Citi Economist: Abolish Cash To Enforce Negative Interest Rates

“In a new piece, Citi’s Willem Buiter looks at this problem, which is known as the effective lower bound (ELB) on nominal interest rates.  According to Buiter, the ELB only exists at all due to the existence of cash, which is a bearer instrument that pays zero nominal rates. Why have your money on deposit at a negative rate that reduces your wealth when you can have it in cash and suffer no reduction?  Cash therefore gives people an easy and effective way of avoiding negative nominal rates.  Buiter’s note suggests three ways to address this problem: Abolish currency.  Tax currency.  Remove the fixed exchange rate between currency and central bank reserves/deposits.”

Court returns rare gold coins Treasury seized from jeweler’s family

“A fortune in 1930s gold coins seized by the federal government from the family of a deceased Philadelphia jeweler must be returned, a federal appeals court said Friday.  For more than a decade, the U.S. Treasury Department insisted, and persuaded a jury, that the rare coins had been stolen and belonged to the government.  But on Friday it lost the argument and the coins – because of paperwork.  The U.S. Court of Appeals for the Third Circuit said the government had failed to file a timely forfeiture action, and therefore had waived its right to keep 10 rare 1933 $20 double eagle gold coins. How valuable were they? One similar coin was auctioned for $7.6 million in 2002.”

Angry bondholders storm Bank of Cyprus building, damage windows

“Aggrieved bondholders who lost funds in Cyprus’s 2013 bailout caused damage to the headquarters of Bank of Cyprus on Monday when they tried to storm the building.  At least one window of the glass-covered building in the capital Nicosia was smashed and another three cracked when several people among around 200 demonstrators hurled stones and other missiles, witnesses said.  One woman was knocked unconscious during the protest and was taken to hospital. There was a heavy police presence in the area.  Hundreds of junior bondholders saw savings turn to nothing in the tumult of Cyprus’s financial bailout in 2013.  Cyprus received 10 billion euros in aid from the European Union and the IMF.”

Cyprus passes foreclosure laws, clears IMF rescue program hurdle

“Lawmakers in Cyprus on Saturday passed key insolvency laws designed to open the taps for more international bailout cash. The vote makes it possible to operate foreclosure laws that international creditors have demanded as a condition for extending more loans to Cyprus. Recession, high unemployment and declining incomes have produced defaults on more than half of all private loans. The new laws should make it easier for banks to demand payment or seize assets, thereby reducing the banks’ own liabilities.The International Monetary Fund has been withholding 88 million euros ($95 million) in rescue money, citing Cyprus’ delay in giving banks the legal tools to deal with bad debt.”

North Korea joins new era as property bubble grows

“It’s a capitalist’s fantasy: a fast-developing city filled with entrepreneurs and speculators, and a soaring property market. Restaurants are opening, shiny apartments are springing up, and the nouveaux riches are indulging themselves with cars, clothes and perfume.  This, however, is not one of the southeast Asian tigers, but North Korea, the most isolated and repressive totalitarian dictatorship in the world.  It is more than 15 years since the country’s communist rulers began to permit the small-scale buying and selling of food and household goods as an exception to its strict socialist economy. Now Pyongyang is experiencing a modest version of that familiar first-world phenomenon: a property bubble.”

How to Steal an Airplane: From 9/11 to MH370 [2014]

“Now that the MSM is flirting with the idea of ‘cyber hijacking’ in the increasingly desperate search for MH370, many are left wondering how long the possibility of a remote control hijack has been possible and why the public hasn’t been warned of this threat. Join us for this week’s Eyeopener report as we examine the cyber hijacking issue and its connections to 9/11.”

War on Terror’s Economic and Mortality Costs Have Yet to Be Tallied

“Misallocation of resources, destruction of vast amounts of equipment and, of course, the ongoing costs of tending to the many veterans who have returned with significant physical and psychological damage are certainly bound to be factors that must prey on Western and especially US economies.  This doesn’t include the costs of the US’s internal militarization and authoritarian centralization. The damage to startups and entrepreneurial ventures is probably significant as well, as the US seems to head more and more toward a war footing.  The immense and yet little-understood costs of the war on terror ought to be considered by judicious analysts and investors.”

Special forces set to swarm US Southwest and operate among civilians

“Seven Southwestern states will soon be infiltrated by 1,200 military special ops personnel as part of a controversial domestic military training in which some of the elite soldiers will operate undetected among civilians.  Operation Jade Helm begins in July and will last for eight weeks. Soldiers will operate in Texas, New Mexico, Arizona, California, Nevada, Utah and Colorado where some of them wil drop from planes while carrying weapons loaded with blanks in what military officials have dubbed Realistic Military Training.  But with residents of the entire states of Texas and Utah dubbed ‘hostile’ for the purposes of the exercises, Jade Helm has some concerned the drills are too realistic.”

National Guard Martial Law Training in Ontario, California

“Video just surfaced of National Guard Troops training on the public streets of California. When put into the context of Jade Helm, mysterious Walmart closings, the Elite buying up bug-out properties, the New York FED moving operations to Chicago and the re-opening of Cheyenne Mountain to survive an EMP attack… Something severe is on the horizon.”