LISTEN TO TLR’S LATEST PODCAST: by Micah J. Fleck According to ABC News: The “Incognito Bandit” has been caught. The alleged elusive serial bank robber was arrested Friday night at Dulles International Airport in Virginia as he attempted to board a South Africa-bound flight, the U.S. Attorney’s Office in Boston said Friday. Albert Taderera, 36,…
by Ian Tartt Money is used by so many people and affects so many areas of our lives, but what exactly is money? Where does it come from, how does it get its value, and are there better options than what we have now? Simply put, money is a means by which two or…
by Micah J. Fleck Well, this isn’t good news for China. Reports now saying that the Yuan is “on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.” Yikes. The report continued: “The central bank was more inclined to release depreciation pressure on the…
by Kitty Testa In the New York Times article about Donald Trump’s avoidance of federal income tax, the paper quoted tax experts that implied that Net Operating Loss Carry Forward (NOL) is an unfair advantage to the wealthy. From the NYT: The provision, known as net operating loss, or N.O.L., allows a dizzying array of…
by Micah J. Fleck Yes, it’s true – Hillary Clinton’s charitable organization spent 95% of its massive, nearly $92 million budget on employee benefits, campaign fundraising, and “other expenses” in 2014, according to newly uncovered IRS filings. That’s not all, though. In addition to this news, the filings also revealed that when compared to how…
by Kody Fairfield Donald Trump, the Republican Presidential nominee, has always opined about how great of a businessman he is; how “yugely” successful his ventures have become and the great things they have created. And based on past statements of his, it would seem his profiteering is not limited to just his private enterprises. In the past, Trump has gloated…
Blake Neff The Democratic mayor of Petersburg, Va., has denounced all critics of his leadership as racist Republicans in a bizarre email replete with many grammatical errors. Petersburg, a city of just 32,000 people, is battling severe budgetary issues. It has an expected budget deficit of $12 million and over $19 million in unpaid bills. The…
By Micah J. Fleck Well, who would have thought? A government entity that can’t manage money. Only this time, it lied about this fact for years and only got found out in a recent audit. According to Reuters: The new report focused on the Army’s General Fund, the bigger of its two main accounts, with…
By Guy Bentley London will remain the finance capital of Europe despite market turmoils in the wake Brexit. A poll of institutional investors by FTI Consulting shows substantial confidence that London will retain its status as Europe’s unrivaled financial hub. Two-thirds of those surveyed said London wouldn’t lose pride of place despite the United Kingdom’s…
By Elena Weissmann Presumptive Republican nominee Donald Trump released a statement last week claiming he has forgiven some $50 million in personal loans he made to his presidential campaign. The announcement was intended to calm nervous GOP donors. By converting the loan to a contribution, Trump would forgo the possibility of using donated campaign money…