Business

Residents in Flint are being forced to drink and cook with bottled water, yet they are being charged higher rates than almost anywhere in the country for their poisoned water. Meanwhile there is a story about the bottled water industry in Michigan that has mostly gone unnoticed. Less than two hundred miles away, multi-billion dollar corporation Nestle has been pumping millions of gallons out of Lake Michigan for free. They have actually received 13 million dollars in tax breaks to do so.

Submitted by Mac Slavo via SHTFPlan.com,

Earlier this month, as retail investors lost confidence in the global economy and broader stock markets, an air of panic began to set in. Reports indicate the lines were literally forming around the block at gold stores throughout London and elsewhere. It was, by all accounts, the very scenario one might expect in an environment where trust in government and central banks has been eroded.

It's been an ugly few days for Valeant. Following Wells Fargo downgrade and Jim Chanos warnings over PBMs broadly based on Deutsche Bank's analysis, Dow Jones reports after-hours that Valeant is set to restate earnings after an internal review.

Maybe this explains CEO Pearson's sudden "pneumonia"...

The stock is down 10% after-hours, down 18% on the day and back at levels not seen since early 2013...

And the dividend hits just keep on coming.

Back in October we posted the following image on the way to introducing a new mortgage product co-sponsored by Quicken and Freddie Mac.

In what the companies billed as “a new effort dedicated to building a better American housing system,” Quicken and Freddie announced what they called an “innovative solution” to “meet the needs of emerging markets, including millennials, first-time homebuyers and middle-class borrowers.”