Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54847 Mon, 01 Sep 2014 21:35:26 GMT MFI-Miami To Begin Investigating Student Loan Fraud And Collection Abuses http://implode-explode.com/viewnews/2014-09-01_MFIMiamiToBeginInvestigatingStudentLoanFraudAndCollectionAbuses.html iehi-feed-54834 Sat, 30 Aug 2014 15:45:36 GMT And Here's to You Mr. & Mrs. Robinson -- Will Quiet Title Hold Up in California? - Mandelman Matters http://implode-explode.com/viewnews/2014-08-30_AndHerestoYouMrMrsRobinsonWillQuietTitleHoldUpinCaliforniaMandel.html iehi-feed-54833 Fri, 29 Aug 2014 18:14:24 GMT Michigan Democrats Finally Address Economic Genocide Against Middle Class Homeowners http://implode-explode.com/viewnews/2014-08-29_MichiganDemocratsFinallyAddressEconomicGenocideAgainstMiddleClas.html iehi-feed-54752 Wed, 20 Aug 2014 14:23:08 GMT China Grabbing Gold Trade: Allows 3 more banks to import gold; Exchanges Bloom, Renmimbi Gold Trading Looms http://implode-explode.com/viewnews/2014-08-20_ChinaGrabbingGoldTradeAllows3morebankstoimportgoldExchangesBloom.html A pair of articles came our way on this topic:

1. China allows 3 more banks including StanChart to import gold -sources. Note that grabbing pricing power and avoiding manipulation are now discussed in cleartext:

China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world's top gold buyer gears up for its strongest effort yet to gain pricing power of the metal.]

...

China and other Asian gold trading centres such as Singapore are calling for more localised pricing of the precious metal as they seek alternatives to the so-called London fix, the global benchmark for spot gold prices, which is being investigated by regulators on suspicion that it may have been manipulated.

2. Koos Jansen: East Asia Geared Up For RMB Gold Trading:

In comparison, on the COMEX the weekly volume was 2,092 tonnes and it's estimated that in the London Bullion Market 25,000 tonnes are being traded weekly. But will the western paper markets be able to stay in the driver's seat of the gold market? We know China is developing it's market infrastructure not only for physical gold trade, but also to expand paper trading to steal pricing power from the dominant forces in the West and to promote the internationalization of the renminbi.

Bloomberg recently reported the SGE will launch gold trading in the Shanghai Free Trade Zone (FTZ) on September 26. From what was disclosed previously by the SGE this will likely be a gold-backed spot contract traded through the SGE's subsidiary the Shanghai International Gold Trading Center. The next step would be the launch of gold derivatives. According to Bloomberg the FTZ hosts a vault capable of storing 1,500 tonnes of gold. If this vault is in addition to the 2,000 tonnes vault opened in the FTZ by precious metals transportation and storage company Malca-Amit I do not know. Approximately at the same time as the SGE's international board will go live, the kilobar gold contract will be launched in Singapore.

The SGE international board will allow investors worldwide to trade gold in renminbi, which undoubtedly will lead to higher trade volumes on the SGE. The gold industry is fully prepared in East Asia for what might be a pricing shift, following the great physical shift of recent years

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iehi-feed-54730 Sun, 17 Aug 2014 14:54:13 GMT Beyond Ride-Sharing: Apps to Solve Life's Problems http://implode-explode.com/viewnews/2014-08-17_BeyondRideSharingAppstoSolveLifesProblems.html Could the Uber/Lyft business model be applied to other areas of daily life? Or improved upon?... The ride-sharing model could be useful in many other settings. You suddenly find out that you're going to be working late, so why not rent out your apartment to tourists for the next 12 hours? They can crash at your place until midnight, then stay up all night riding the Staten Island Ferry. Or summon an Uber driver to give them a witching-hour tour of San Francisco--maybe even hire a driver from KangaShare to take them all the way back home to Abilene. Beats hotels and hostels any day of the week.

While this piece is mostly jokey, we think the prospect is very real, and very significant. What is really going on is that the "conventional" economy of business and finance are so gummed up -- effectively-centralized, and now broken-down, that they are failing to meet people's everyday survival needs (this is related to the decades-long deterioration of real incomes to below a "living wage" level). Now, there is huge pressure to find ways to "capitalize" (and monetize) various under-used "assets" people have -- from small amounts of actual cash (through P2P lending, startup financing, etc.) to actual physical assets (such as houses or apartments, with spare time and space). This usually takes an online, P2P form, as that cuts out the greedy and all-controlling middlemen (government, corporations, and finance) and allows buyers and sellers (or "use partners") to more efficiently find each other. In essence, a conflict of interest is removed, as those aforementioned middlemen would never match these two P2P parties, as it would entail a loss of business for themselves.

And thus we have a resurrected (but now-digital) "bazaar" economy, where small buyers and sellers can once again efficiently come together, as they were able to do throughout the majority of human history, until approximately the late 19th-century.

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iehi-feed-54696 Wed, 13 Aug 2014 22:41:11 GMT El Gringo Bandito David Trott Hangs Up His Foreclosure Sombrero http://implode-explode.com/viewnews/2014-08-13_ElGringoBanditoDavidTrottHangsUpHisForeclosureSombrero.html iehi-feed-54678 Wed, 13 Aug 2014 14:11:10 GMT Fannie Mae Is Coming To Get You Barbara! http://implode-explode.com/viewnews/2014-08-13_FannieMaeIsComingToGetYouBarbara.html iehi-feed-54666 Mon, 11 Aug 2014 23:55:43 GMT Former Clients Of John M. Schwarz Demand Action From NY AG & State Bar http://implode-explode.com/viewnews/2014-08-11_FormerClientsOfJohnMSchwarzDemandActionFromNYAGStateBar.html iehi-feed-54635 Fri, 08 Aug 2014 13:59:14 GMT Was it worth it?  Yeah, to me it definitely was - Mandelman Matters http://implode-explode.com/viewnews/2014-08-08_WasitworthitYeahtomeitdefinitelywasMandelmanMatters.html iehi-feed-54602 Wed, 06 Aug 2014 14:39:51 GMT I Don't Care What the Media Says, Housing Market is Horrible, and Homeowners Still Suffering through the Loan Mod Process - Mandelman Matters http://implode-explode.com/viewnews/2014-08-06_IDontCareWhattheMediaSaysHousingMarketisHorribleandHomeownersSti.html iehi-feed-54526 Wed, 30 Jul 2014 04:25:24 GMT The 2 Attorneys that Won $16 million Jury Verdict Against PHH Mortgage for Loan-Mod Mistreatment -- A Mandelman Matters Podcast http://implode-explode.com/viewnews/2014-07-30_The2AttorneysthatWon16millionJuryVerdictAgainstPHHMortgageforLoa.html iehi-feed-54525 Tue, 29 Jul 2014 20:48:06 GMT Gold-for-Bitcoin Trading, Gold-Backed Bitcoins, Explode on the Scene http://implode-explode.com/viewnews/2014-07-29_GoldforBitcoinTradingGoldBackedBitcoinsExplodeontheScene.html This topic comes in the form of a pair of articles. The first is Gold for bitcoin new fad as e-currency count nears 500-mark

``According to bitcoin traders, the stabilisation in bitcoin rates is making the case stronger for exchanging them for gold that currently trades at less than USD 1,300 per ounce or about Rs 28,000 per 10 grams in India... Some firms and traders have begun aggressively selling bitcoins in exchange of gold, while new websites and portals are cropping up almost every day to cash in on this new frenzy, according to industry players. ''

The second is Gold Bugs Meet Bitcoin Believers to Supplant the Dollar:

``"A staunch person who believes in the gold standard says bitcoin is valueless and ultimately a Ponzi scheme, and people who didn't dig gold but really got bitcoin would say that this is ridiculous, it's just a dumb metal," Anthem Hayek Blanchard, chief executive officer of Anthem Vault Inc., the company behind the Independence Coin, said in an interview. "We don't need to fight. We can coalesce."
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iehi-feed-54501 Sun, 27 Jul 2014 19:24:42 GMT Massachusetts Alliance Against Predatory Lending http://ml-implode.com/viewnews/2014-07-27_MassachusettsAllianceAgainstPredatoryLending.html FACT SHEET: OPPOSE ACT TO CLEAR TITLE TO FORECLOSED PROPERTIES

Senate Bill 1987

Massachusetts' Supreme Judicial Court has declared thousands of foreclosures void and homeowner rights violated. Massachusetts has a problem going forward with hundreds of thousands of titles to property, 65,000 of which were "foreclosed" homes. S1987's attempt to deny former owners the right to regain illegally foreclosed property is not the same as clearing titles and is not the solution. It disparately impacts women and communities of color foreclosed on early in the crisis before the SJC recognized the many lender illegalities in foreclosure.

What Does This Bill Do? It does nothing to clear title -- it attempts to exclude the party most likely to sue.

The Senate version of the bill shortens the time to overturn an illegal foreclosure after filing a foreclosure deed and accompanying affidavit from the long standing, 20 year statute of limitations to 3 years for future auctions and to only one year for those previously foreclosed. The bill provides no notice to MA homeowners of this curtailing of long-standing, property rights. In passing the bill on July 23rd, 2014, House leadership changed the bill to limit the decrease from 20 years to 10 for both present and future foreclosed homeowners. This change will at least protect homeowners in the present crisis.

The bill offers an exemption only if the former homeowner sues or is sued, knows to ask and can convince a judge to give permission to file a copy of their complaint in the Registry of Deeds. Getting such an allowance can be hard since court rulings on foreclosed homeowners' claims against lenders' illegal procedures are still evolving.

While S1987 provides triple, monetary damages if the foreclosing lender is found to have lied on its affidavit, the home in which people raised their children, invested all their incomes and participated in their communities is forever gone. A home is not just a financial investment. S1987 misses that reality: denying our right to fight for and reclaim an illegally foreclosed home and limiting judgment to financial recompense which can never repay what is lost when a home is taken illegally.

Will S1987 protect innocent, new homeowners who purchase post-foreclosure?

The clear majority of new purchasers (58%) are big, cash-only investors -- not new owner-occupants or small local investors. Only homeownership and long-term stable rental ensure healthy neighborhoods.

The recording of any legal challenge to title --lis pendens-- exists specifically to protect future buyers.

However, only a judge can approve such a filing (G.L. Chapter 184 sect. 15). When legal rulings evolve so quickly, judges are learning like the rest of us. Prior to each recent major SJC ruling in foreclosed homeowners' favor, most judges ruled against those same legal claims, declaring arguments "frivolous" when homeowners attempted to appeal. Judges have not been able to fully assess what will or will not be determined a "frivolous challenge" in the near future and thus merit recording in the Registry now. If a homeowner is permitted to record the initial claim, they are also laid open to counter-suits that their filing was frivolous.

S1987 does nothing to clear title. The now common problems of broken chains of title to mortgages and missing notes means there may be other parties besides former homeowners who have rights unaffected by S1987. The only sure protection for new or old homeowners will be swift adjudication of or another remedy to the now numerous valid challenges to post-foreclosure titles and broken chains of ownership of mortgages and notes.

Can the foreclosure deed affidavit be considered as "conclusive evidence" of a valid foreclosure?

The foreclosure affidavit filed at the Registry in a foreclosure is a purposefully abbreviated form created by the legislature to memorialize the bare bones of a foreclosure. As has been adjudicated by the Massachusetts Supreme Judicial Court in two decisions in the last two years:

"The statutory form was intended as an alternative to the more lengthy form prescribed by G.L. c. 244, §

15,... The purposes of a statutory form are...: to be recorded with the foreclosure deed and "secure the preservation of evidence that the conditions of the power of sale... have been complied with... Such an

affidavit is not conclusive proof of compliance with G.L. c. 244, § 14."

The statutory affidavit covers none of the legal challenges that have been the critical breakthrough defenses against illegal foreclosures in the last few years: a mortgage having sub-prime characteristics, a broken chain of title to the mortgage, lacking an enforceable note, proper service on the homeowner of the notice of the auction, strict compliance with the right to cure period, etc. The affidavit S1987 attempts to elevated to a "conclusive evidentiary" status would require creation of a lengthier affidavit to cover the most salient issues. The abbreviated version used for decades cannot be elevated to proof of legal foreclosure. "Evidence" by its very nature must be the subject of scrutiny in court. "Conclusive evidence" without adjudication is a legal impossibility.

Can a curtailed time period to sue be fair when courts broaden the number of winnable offenses monthly?

Can the outcome of a lawsuit best predicted by the date it is brought be fair? If previously foreclosed homeowners had been limited to 1 year in 2008, none of the now common legally successful challenges to foreclosure could win in court then. What new claims will become winnable in coming months?

S1987 will drown our Civil Court system in legal claims. As the state judiciary has grasped the many problems in the procedures of mortgaging and foreclosure of homes, they have moved to enforce our laws more and more completely. A significant percentage of the 65,000+ households that were foreclosed since 2007 now have valid and potentially winnable legal challenges to regain their title. The Massachusetts courts will be deluged as homeowners and their advocates rush to file suit on now viable claims within one year. A small percentage of such filings (1,300) will mean slightly fewer lawsuits in one year than were filed in the last six!

S1987 unjustly lacks any notification to former or present homeowners of vast cut in right to sue

S1987 provides a one year window for the over 65,000 foreclosed homeowners since 2007 to sue and get a copy of their complaint recorded at the local registry of deeds, rather than the traditional 20, a serious curtailment of traditional rights. The House bill, as amended, improves a still flawed bill by increasing the period to 10 years. Homeowners deserve notification that the state has changed the time period. S1987 includes no provision. Nor would S1987 notify future foreclosed homeowners of their Senate-proposed three year window to sue.

A homeowner will not know when their clock to sue starts. No Massachusetts law requires a deadline for recording a foreclosure deed and subject affidavit. S1987 does not fix this nor require notification to the supposed former homeowner of the filing. Currently deeds are recorded from 1 to 21 months after auction. No 'foreclosed' homeowner can be expected to check every week for the date a foreclosure deed is recorded.

Shouldn't laws reverse the huge economic loss to the state rather than make that impossible?

Conservatively, the 65,000+ Massachusetts foreclosures represent a $20-$40 billion loss in wealth to the state's households. The vast majority of those foreclosures were done by out of state lenders, who took almost all of those billion out of our state. It is well recognized that the loss of value in a home represents a concomitant loss of spending power representing additional billions of dollars of lost economic activity and spending in the Commonwealth. Studies also show concomitant unemployment and job losses, negative health impacts, much lower school performance by children, the tearing apart of the fabric of our communities, losses in property tax revenue to our municipalities, increase in crime and its concomitant costs. We should support our residents to get their homes back, receive justice they deserve, bring their pillaged wealth back and rebuild our economy.

Our Housing Market is Still Unstable: S1987 does not help

S1987 will not stabilize the housing market. MAAPL, the Mass Bankers Association, and Commissioner of Banks all stated publicly that they do not believe foreclosures are over. Spring 2014 foreclosures spiked again: March, April and May's petitions to foreclose and June auctions more than doubled. Percentages over the prior year were still far higher than the height of the then believed to be devastating foreclosure crisis of the early 1990s.

While the initial cause of the foreclosures and damage to our housing market appeared to be sub-prime lending policies, evidence now shows that the damage was caused by the huge housing bubble. Now that property prices have dropped down closer to the normal historical curve, those hugely overpriced mortgages are still common place in our state. These continue to destabilize neighborhoods and our housing market as a whole. Surface solutions that allow some properties to be purchased more easily will not address the underlying problems or the continuing accumulation of damages from the foreclosures that have happened already.

S1987 Only Claims to Address a Small Part of the Widespread Ruined Titles in our Registries

In addition to the problems exposed in the Ibanez ruling of "broken chain of title to the mortgage," numerous additional examples of other chain of title to mortgage problems exist, such as the recent Eaton decision's on "holding the note" and a dozen others highlighted in seminal, SJC decisions in the last couple years alone. These problems compromise the marketability of title. Their property record contains the same legal violations. What are the homeowners to do who face these problems each and every month over the next 30 to 50 years when they or their heirs go to refinance or sell their home? S1987 is a response to the tip of the Housing Bubble/Housing Crash iceberg. It does not resolve title problems either for those who have been illegally foreclosed or the much larger percentage of homeowners who will face these problems in the decades going forward. Damage to titles can be located. The state should commit to finding them and providing a genuine repair.

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iehi-feed-54421 Sat, 19 Jul 2014 19:37:15 GMT David Trott's Dirty Business Secret He Doesn't Want You To Know http://implode-explode.com/viewnews/2014-07-19_DavidTrottsDirtyBusinessSecretHeDoesntWantYouToKnow.html iehi-feed-54374 Tue, 15 Jul 2014 13:14:05 GMT Pee-Wee Trott's Gilded Play House http://implode-explode.com/viewnews/2014-07-15_PeeWeeTrottsGildedPlayHouse.html iehi-feed-54346 Sat, 12 Jul 2014 00:38:26 GMT Russia to help to create major transport hub in Cuba, Forgives Debt, in Major Latin American Development Push http://implode-explode.com/viewnews/2014-07-11_RussiatohelptocreatemajortransporthubinCubaForgivesDebtinMajorLa.html This is actually a compilation of three important stories on Russia's activities in Latin America.

First story, Russia to help to create major transport hub in Cuba:

Russia, Cuba and possibly other countries will pool their efforts for creating a major transport hub in Cuba by upgrading the port of Mariel and building a modern international airport in San Antonio de los Banos, President Vladimir Putin said.

...

"Our short-term prospects include the development of new oilfields in the Cuban offshore area. To these ends, Zarubezhneft and Rosneft engage in active cooperation with Cupet, Cuba's state oil company," Putin said, adding that INTER RAO was also planning to join the construction of power units for the Maximo Gomez and East Havana TPP. The supply of Russian electric power equipment to Cuba is well underway.

Putin noted that a substantial number of Russian companies - specialising, in particular, in the production of reinforced plastic goods, auto spare parts, tractor assembly and installation of heavy equipment for the railway industry - had shown interest in closer cooperation due to the development of the Mariel special economic zone in Cuba.

...

The second story goes more into the debt forgiveness aspect:

Russia has written down $32 billion of Cuba's Soviet era debt. Russian President Vladimir Putin signed the law ahead of his official visit to Latin America, with Havana as his first stop.

The agreement was first signed in October 2013 and draws a line under a twenty-year dispute.

Cuba is now required to pay back $3.2 billion over the next 10 years.

Also note:

The tour will culminate with the BRICS summit, where the final bricks of a joint development bank will be laid. The new financial body that'll focus on infrastructure projects will have a $100 billion budget, and could represent a solid attempt by developing economies to become less dependent on loans from such international organizations as the International Monetary Fund and the World Bank.

And here's the final one, Russia ready to cooperate with all Latin American associations, which is more of a fluffy overview of Russia's overture to Latin America:

"In this region, the traditions of love of freedom and respect for other nations and cultures are strong, and there are practically no serious intergovernmental conflicts or the wish to pursue the divide and rule policy. On the contrary, nations in the region are ready for joint action to protect their shared Latin American home," Putin said in an exclusive interview to the Latin American news agency Prensa Latina ahead of his South American tour, during which he will visit Cuba, Argentina and Brazil.

But note

Putin said that the establishment of contacts between CELAC and the countries taking part in the Customs Union and Common Economic Space would open up many new opportunities. "Russia, Belarus and Kazakhstan are deepening the integration process. In May, we signed the Agreement on Establishing the Eurasian Economic Union, which will come into force on January 1, 2015," he said.

...

He reaffirmed that Russia is open to substantive interaction with all integration formations in the Latin American region. That includes the Union of South American Nations (UNASUR), the Common Market of the South (MERCOSUR), the Bolivarian Alliance for the Peoples of Our America (ALBA), the Pacific Alliance, the Central American Integration System (SICA) and the Caribbean Community (CARICOM).

So there seems to be some substantial talk about bridging between Russia's burgeoning Eurasian economic union, and Latin and Carribean states (though it isn't clear that the latter is terribly "integrated" ... yet).

BONUS ANALYSIS: Jim Willie (www.goldenjackass.com), who follows these things even closer than we do, has kindly allowed his advance-circulated comments on these developments to be published for 'Implode readers:

◄$$$ A MAJOR CHESS MOVE IS IN PROGRESS IN THE UNITED STATES BACK YARD... RUSSIA TO SPONSOR THE CREATION OF A MAJOR TRANSPORT HUB IN CUBA, IN AN INFRASTRUCTURE UPGRADE, COMBINED WITH A MASSIVE DEBT FORGIVENESS... THE HINT OF A BRICS ASSOCIATE NATION BEING ADOPTED IS CLEAR... A LATIN AMERICAN STRATEGY IS UNFOLDING, WHICH INCLUDES LIFTING ARGENTINA, A PERENNIAL NEW YORK EXPLOITED GROUND, AND GIVING ADDED THRUST TO BRAZIL WHICH LANGUISHES... PUTIN IS UNFOLDING AND PRESENTING HIS AMERICAN HEMISPHERE TRADE ZONE, WITH A DEVELOPMENT TABLE, WHICH WILL IN TIME EXTEND TO THE EURASIAN TRADE ZONE IN A MAJOR CHESS MOVE IN THE BACK YARD OF THE FASCIST AXIS. $$$

Russia, Cuba and possibly other countries will pool resources for creating a major transport hub in Cuba by upgrading the port of Mariel and building a modern international airport in San Antonio de los Banos, along with a major cargo facility. Russian President Vladimir Putin gave an exclusive interview to the Latin American news agency Prensa Latina ahead of his South American tour. The itinerary is for visits to Cuba, Argentina, and Brazil. The lead item is $31.5 billion in debt forgiveness. Cuba pledged to spend $3.5bn on a raft of significant investment projects, which Russia will select and negotiate together with the Cuban side. The debt extends from the old Soviet era. The step is unprecedented, and testifies to the strategic nature of their bilateral relations, in his words. Imagine a foreign nation setting foot on United States soil to forgive 90% of its $17 trillion debt. An Intergovernmental Agreement was signed in October 2013, in its final stage of ratification. A multi-national commission was created, which must go beyond the intensely corrupt Fidel cabal clan in order to be effective. The commission has met 12 times already, around business councils as well and the Havana Trade Fair.

As for details, the projects are aimed at social and economic development of the bereft poverty stricken nation, a failure of crony communism. The average wage in Cuba several years ago was $25 to $30 per month (not per day). Offshore energy projects are in store, progress already made. Zarubezhneft started drilling the first development well in the Boca de Jaruco oilfield in August 2013. Putin is actively promoting the projects, stating "Our short-term prospects include the development of new oilfields in the Cuban offshore area. To these ends, Zarubezhneft and Rosneft engage in active cooperation with Cupet, Cuba's state oil company." The construction of power units for the Maximo Gomez site and in East Havana is underway, with supply of Russian electric power equipment... As for verification on the ground, a Hat Trick Letter subscriber reported, "I was at a cocktail party last night with a guy who just returned from the area. Major construction was already underway, in a big way." ... It seems like Cuba will become a BRICS Associate nation, an adopted basket case to become a showcase.

...

The Putin Global Order centers on trade, development, and cooperation. He cited the goal of a strong, economically stable, politically independent, united Latin America to fit into the emerging polycentric world order... Notice the theme to counter the spread of fascism by the USGovt, the divide & control used by US teams, the constant destabilization of economies used to impose banker controls, the regular interference by WashingtonDC. King Vladimir has taken aim at the US hegemony in Latin America directly, working to organize the continent. Possibly it will join as extension to the Eurasian Trade Zone... Talk of contact with the Russian Customs Union was made. He reaffirmed that Russia is open to substantive interaction with all trade groups in the Latin American region... Argentina, the once thriving nation, now a socialist ruin. Look for Argentina to receive even more important extended hand in aid, development, and revitalization... The Jackass believes the Eurasian Trade Zone refers to its inception, but the zone will become a global trade zone which excludes the United States.

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iehi-feed-54296 Tue, 08 Jul 2014 01:49:18 GMT Shocking: US Minimum Wage | Complete Senior http://implode-explode.com/viewnews/2014-07-07_ShockingUSMinimumWageCompleteSenior.html ``There's an argument in all of those statements that goes something like this: If you're working a minimum wage job, you must be worth the minimum wage. In other words, you're really worth nothing and that's what we're going to pay you. If you didn't work hard enough to become a CEO like I did when Daddy appointed me, then you don't deserve to eat.

I'm not sure when we became a nation of greedy, hateful pigs, but I do remember a time when a business took pride in not only their workmanship, but in the fact that they were creating jobs in their community. They gave people a purpose and a living wage. It allowed a person the dignity of being self-sufficient and the security of taking care of themselves and their family. In return the company got dedication, loyalty and a product or service that others wanted to buy. Henry Ford, one of the country's biggest manufacturing icons made a point of making sure that his employees earned enough to buy a car. Today, we have Wal-Mart workers, who despite working full time are so poorly paid that they have to rely on taxpayer subsidized food stamps, welfare and Medicare totaling more than $1 million per store.''

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iehi-feed-54252 Tue, 01 Jul 2014 18:55:40 GMT Feud Between Oligarchs Seen as Cause of Bank Run in Bulgaria http://implode-explode.com/viewnews/2014-07-01_FeudBetweenOligarchsSeenasCauseofBankRuninBulgaria.html hang up South Stream?]]> iehi-feed-54239 Tue, 01 Jul 2014 02:48:48 GMT Even on Some of the Most Progressive Porches in America, Foreclosures Not Well Understood - Mandelman Matters http://implode-explode.com/viewnews/2014-06-30_EvenonSomeoftheMostProgressivePorchesinAmericaForeclosuresNotWel.html iehi-feed-54237 Mon, 30 Jun 2014 23:47:07 GMT Will The UN Send Troops To Detroit To Enforce A Canadian Group's Agenda? http://implode-explode.com/viewnews/2014-06-30_WillTheUNSendTroopsToDetroitToEnforceACanadianGroupsAgenda.html