Capitalism Today

In the first 22 hours of work in 2016 Britain’s top 100 business executives each earn an amount equal to the annual average British salary. https://www.rt.com/uk/327995-fat-cat-tuesday-pay/

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Amid threats from various Republican Congressmen, soaring pre-emptive gun sales, and a majority of Americans (56%) believe that if more Americans carried concealed weapons the country would be safer; President Obama is set today to formally announce his executive action new gun-control measures.

A blind woman from Cardiff in south Wales has been able to see again for the first time in more than five years thanks to a ‘bionic eye.’ She was able to spot the time on a clock after having her sight partially restored with an advanced electronic ‘bionic eye’ implant. The Sunday Herald Scotland reports: The mother of two, from Cardiff, has suffered from retinitis pigmentosa – an inherited disorder – since she was five. The condition causes gradual deterioration of the light-detecting cells (photoreceptors) in the retina, which can lead to blindness..

In perhaps the most shocking of mea culpas seen in modern financial history, former Dallas Fed head Richard Fisher unleashed some seriously uncomfortable truthiness during a 5-minute confessional interview on CNBC. While talking heads attempt to blame China for recent US market volatility, Fisher explains "It is not China," it is The Fed that is at fault: "What The Fed did, and I was part of it, was front-loaded an enormous rally market rally in order to create a wealth effect...

Back in October, Iran put the Obama administration in a tough spot. Tehran test-fired a next generation, surface-to-surface ballistic missile capable of carrying a nuclear warhead.