American Income Inequality – it’s worse than you think

• Today’s Wealth Gap is equal to that which existed in 1935 and 1940 – the last five years of the Great Depression.

• There are has been no growth in earned income, salary and wage earnings since around 1980 for 60% of the American population.

• Only 40% 0f the population has experienced income growth since 1980, but that income growth has been higher.

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New Customers are coming in so fast Cryptocurrency Exchange cannot keep up with demand

The number of people registering for CEX.IO trading accounts; was so great that the company’s customer service team was unable to process them all, a blog post reveals. Since the post had not been updated on 2 January 2018 and the suspension announcement was still up on that day, it appears CEX.IO is still swamped.

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What can De La Rue Teach us about ICOS?

Despite that opportunity, De La Rue is a lousy stock that investors should stay away from because it makes little money. Those seeking to cash in on ICOs should take a hard look at De La Rue it proves that there is little profit from currency creation.

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Is FedEx making Money?

What was scary was that the Free Cash Flow shrank as the revenues grew – falling to -$699 million. Federal Express has to spend more money to move more freight to generate more revenue, yet ends up with less cash at the end of the day.

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Bettors have Chosen the Next U.S. President and it is Kamala Harris

A half-Indian/half-African woman of colour is the strongest contender to be the next president of the United States according to bettors.
Harris would be the first woman; and the first person of Indian descent, to be president of the United States.

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Can Netflix Ever Make Money?

Netflix is proving that the old description of entertainment as a black hole into which money disappears never to be seen again is absolutely true. As it grows larger and more profitable, Netflix simply becomes a bigger target for the Hollywood predators.

These disparate sets of figures tell us that Netflix is in a race against time. The company is struggling to grow its revenues fast enough and big enough to cover the losses before the bills come due.

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America’s Income Inequality is worse than Russia’s

Income Inequality in the United States is now worse than in Russia. The gap between rich and poor is now greater in America than in the Russian Federation.

The richest 10% of Russians receive 46% of that nation’s income; the wealthiest 10% of Americans receive 47% of the USA’s wealth, The World Inequality Report for 2018 claims. 

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Lending Club is Junk

Lending Club has gotten to the point where it is losing money by just staying in its business. What might be worse is that Lending Club is losing money from financing, it reported a cash from financing figure of $-461.20 on September 30, 2017. That indicates the company might be losing money from its lending operations, which are its only business.

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Food Service Giant Sysco Orders 50 Tesla Semis

Sysco is the largest buyer of the Tesla Semi yet; the second largest buyer is brewer Anheuser-Busch (NYSE: BUD), which has pledged to buy 40 semis. Walmart (NYSE: WMT) has plans to buy 15, the J.B. Hunt trucking company will buy several, and Canadian grocer Loblaw’s has placed an order for 25.

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Apple Pay Cash Rolls Out at Last

Apple’s offering is too little and possibly too late. Amusingly, America’s tech journalists hailed Apple’s addition of an eight-year-old technology to Apple Pay and iMessages as a “major development.” Business Insider even called it a “Venmo Killer.”

The first version of PayPal’s (NASDAQ: PYPL) Venmo was released back in 2009; eight years ago. Apple is not behind the curve here, it seems to be stuck in the last decade. Nor is it just Venmo, that has beaten Apple to the punch; Square’s (NYSE: SQ) Square Cash has been on the market since 2013.

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