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Via @wearebreitbart – Credit scores for some consumers will jump by as much as 30 percent, starting this month, due to changes in how credit companies report consumer debt and payment history.
The new reporting standards, set to kick in on April 16, the day before Tax Day this year, will require all three major credit reporting companies to exclude tax liens from credit reports, thereby improving credit scores, CNBC reported.
Millions of sensitive documents were leaked from a large and secretive Panama wealth services firm, according to reports Sunday.The nonprofit Center for Public Integrity said the leak exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking.Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry, the center said in a report.The report sparked speculation about corruption linking prime ministers, plutocrats and criminals. The Prime Minisister of Iceland walked out of an interview when asked about ties to a tax haven exposed by the leak.
Source: Shocking leak exposes corruption, secret accounts linked to Putin, Assad, FIFA | Washington Examiner
Gold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday.
Words of Wisdom
“Only a fool tells people that only fools buy gold. In the coming future, I’d rather have fool’s gold than dollar bills. Ask Zimbabwe.”
Jarod Kintz
“I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
Thomas Jefferson
Gabriel Stein, asset management director at Oxford Economics, and James Bevan, chief investment officer at CCLA Investment Management, discuss the implications of a negative rate environment and investors’ rush to cash. They speak on “On The Move.” (Source: Bloomberg)
Source: Central Banks’ New World of Negative Rates and Cash – Bloomberg Business
“The first rule of personal finance is that it’s not personal and it’s not financial. It’s about your ability to make ten changes and not get too depressed over it.”
James Altucher
“Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.”
John Kenneth Galbraith
New banking rules introduced in the aftermath of the financial crisis are contributing to a tightening of financial conditions.
Changeinadvance 