#AceFinanceNews – Nov.20 – Happy’s Pizza Founder Convicted of Multi-Million Dollar Tax Fraud. 




#AceFinanceNews – AUSTRALIA (Brisbane) – Nov.16 – In a vain hope of jump-starting a lethargic economy, and bringing it back from the dead.

It was agreed by G-20 nations on Sunday to finalize a plan to boost global GDP by more than $2 trillion over five years AP reported.   

The fanfare, however, was overshadowed by tensions between Russian President Vladimir Putin and Western leaders.

The communique from the Brisbane summit of Group of 20 wealthy and emerging nations revealed that the plan for jumps-starting growth includes investing in infrastructure, increasing trade and the creation of a global infrastructure hub that would help match potential investors with projects.


Third World Plunge: Nearly 40 percent of Americans now make less than $20,000 a year

Ace News Group:

#AceFinanceNews – This is higher than l thought!

Originally posted on Tales from the Conspiratum:

Third World Plunge: Nearly 40 percent of Americans now make less than $20,000 a year –


The future doesn’t look very bright for America’s ever-dwindling middle class. The latest figures from the Social Security Administration (SSA) reveal that nearly half of the country now makes less than $28,031 annually, while nearly 40 percent of the population makes less than $20,000 per year, which is well below the middle-class threshold.

To give you a better idea of what this means: An individual working a full-time job at $10 per hour makes roughly $20,000 a year. Most $10-per-hour jobs are in sectors like retail or fast food, which means that nearly half of all working-age individuals in America today are flipping burgers or selling clothes at the mall just to make a living.

While some jobs have admittedly been recovered since the…

View original 451 more words


#AceFinanceNews – BRITAIN – Nov.09 – The City regulator is imposing a price cap on payday loans to help prevent borrowers being ripped off.

The FCA moves to limit costs in the short-term credit market, saying its rules will make it fair for both lenders and borrowers.

The FCA moves to limit costs in the short-term credit market, saying its rules will make it fair for both lenders and borrowers.

The Financial Conduct Authority’s (FCA) initial cost cap will come into force on 2 January, set at 0.8% per day.

The watchdog said that would lower costs for most borrowers, explaining that for all high-cost short-term credit loans, interest and fees must not exceed 0.8% per day of the amount borrowed.

Fixed default fees will be capped at £15 to help protect borrowers struggling to repay.

A total cost cap of 100% was aimed, the FCA said, at shielding people from escalating debts and it meant that borrowers must never have to pay back more in fees and interest than the amount borrowed.

The regulator said the changes would ensure that someone taking out a loan for 30 days and repaying on time will not pay more than £24 in fees and charges per £100 borrowed.

It announced the changes in July but put the conclusions out to consultation to try and ensure they were fair.



how to stop the system

Ace News Group:

#AceFinanceNews – The system of money generation commences with control of the masses, by lenders.
This is easily achieved, by forcing them to WANT what they can ill afford and Thus they have to lend.
Evey nation cannot survive unless we borrow money, or purchase goods this is simply called – CAP-IT-ALL-ISM.
Nice post and really interesting views. Ian

Originally posted on hansstellingsma:



the entire corrupted system runs on money our money that is.

if 75 % of a country,s population takes away there money from the bank , the bank will fall over,

make that 100 % too be sure .


(2) each country has more people than cops and army so go out on the streets and block every road possible

shut down down town .

if this happens simultaneously around the globe the ugly beast will be killed .

make the greedy fuckers pay there debt too society and never ever let them back ,

into a powerplay position again .

(3)start rebuilding in a better cleaner way with respect for our planet ,

if whe take care of mother nature mother nature will take care of us be gentle she is worth it .

View original


#AceFinanceNews – WASHINGTON – Nov.07 – The Supreme Court agreed Friday to hear a new challenge to President Barack Obama’s health care law that threatens subsidies that help millions of low- and middle-income people afford their health insurance premiums AP reported. 

The justices said they will review a unanimous federal appeals court ruling that upheld Internal Revenue Service regulations that allow health-insurance tax credits under the Affordable Care Act for consumers in all 50 states.

Opponents argue that most of the subsidies are illegal.



#AceFinanceNews – LONDON – Nov.07 – Chancellor George Osborne’s claim that the UK will have to pay only half of a £1.7bn EU budget surcharge has been challenged by his opponents BBC News reported. 

He said the UK would make two payments next year totalling £850m instead of a larger lump sum by December after the UK’s annual rebate was factored in.

Mr Osborne argued the deal reached on Friday was a “result for Britain”.

But UKIP said the UK would still pay the full sum and Labour said Mr Osborne was “taking people for fools”.

The BBC’s Political Editor Nick Robinson said the agreement would be carefully scrutinised amid claims by opponents and analysts that it did not add up.


Toronto Hydro report says $5.6B needed to replace aging infrastructure

Ace News Group:


Originally posted on Global News:

TORONTO – Toronto Hydro says the number of power outages in five Toronto neighbourhoods, frequently left in the dark, is due to aging infrastructure.

But one energy analyst questions whether that infrastructure is the prime reason for the number of blackouts across Toronto each year.

A Toronto Hydro report on the city’s infrastructure says nearly 60 per cent of the infrastructure needs to be rebuilt over the next 20 years: 30 per cent of equipment used to distribute energy is past its life span, and 30 per cent more will reach that state in the next two decades.

Five areas in Toronto which have most frequently needed repairs due to aging infrastructure since 2012:

  • An area between Neilson Road and Markham Road on Washburn Way sees 3.67 outages each year
  • An area on Morningside Avenue between McLevin Avenue and Sheppard Avenue sees 3.67 outages each year
  • Side streets adjacent to…

View original 406 more words

Retailers call on Alberta to crack down on sale of illegal cigarettes, tobacco

Ace News Group:


Originally posted on Global News:

EDMONTON – An organization that represents convenience store owners wants the Alberta government to crack down on the sale of illegal tobacco.

The group says a study it commissioned suggests high rates of contraband tobacco use across the province.

The Western Convenience Stores Association says the study done in September examined discarded cigarette butts at 49 locations and found an average rate of illegal tobacco use of about 10 per cent.

Association president Andrew Klukas says contraband cigarettes are sold without taxes, health warnings or checks of a buyer’s age.

Klukas says sales of cheaper illegal tobacco hurt the bottom line of retailers who sell cigarettes that are fully taxed.

The association, which represents more than 2,400 convenience store retailers in Alberta, wants stronger anti-contraband legislation and more enforcement.

View original