‘Rich Dad Poor Dad’ author Robert Kiyosaki warns raging US inflation could spark a historic depression – and sounds the alarm on layoffs, home sales, and foreclosures

Robert Kiyosaki. Robert Kiyosaki Robert Kiyosaki warned raging inflation could drag the US economy into a depression. He pointed to more layoffs and foreclosures, and a slowdown in home sales, as red flags. The “Rich Dad Poor Dad” author has touted a crash in asset prices as an opportunity to nab bargains. Soaring prices, slumping…

Russian recruit says he got 5 days of training before getting sent to the front in Ukraine, report says

A Russian soldier stands guard at the Luhansk power plant in the town of Shchastya, Ukraine. Alexander Nemenov/Getty Images A Russian army recruit told The Moscow Times he was sent to Ukraine after five days of training. It backed up multiple reports have saying Russian recruits as ill-prepared and poorly equipped. For comparison, basic training…

Here are the 20 companies with the biggest pay gap between CEOs and workers in 2021, including Amazon, Apple, Starbucks, and McDonald’s

Amazon CEO Andy Jassy speaks at the GeekWire Summit. Dan DeLong/GeekWire The pay disparity between S&P 500 CEOs and their workers grew even larger in 2021, a new report says. The AFL-CIO found this pay ratio was 324-to-1 last year, up from 299-to-1 in 2020. Amazon had the biggest CEO-to-worker pay ratio by a mile:…

An Indian politician ended up in the hospital after drinking water from a polluted holy river to show it was safe

A still from a video of Punjab Chief Minister Bhagwant Mann drinking a glass of water from the Kali Bein rivulet on July 17, 2022. Aam Aadmi Party/Twitter An Indian politician was sickened after drinking from a sacred river to show it was safe. Officials said there was no link between the water and Chief…

Wall Street titans like Morgan Stanley lure – and at times trap – top financial advisors with big loans

Happy Friday! Aaron Weinman here. It was a bumper Thursday with Amazon announcing a play for the primary-care market with a nearly $4 billion deal to buy One Medical. We will get to that, but today I want to unlock the golden handcuffs that have trapped some of Wall Street’s financial advisors, and introduce you…

Trump’s inner circle is secretly making plans to fire thousands government employees if he wins in 2024, report says

Former President Donald Trump. Justin Sullivan/Getty Images Trump’s allies are secretly drafting plans in case he wins the presidency in 2024, Axios reported. This includes plans to remove potentially thousands of defense and intelligence employees, Axios said. The plan would be to replace them with people loyal to Trump, the report said. Members of former…

Here’s what we know about China’s secretive years-long effort to build a stealth bomber

A depiction of what may be China’s new H-20 stealth bomber. CCTV/ 军迷天下 via YouTube Rumors of China working to develop a stealth bomber began emerging in the early 2000s. In early July, Chinese state media reported a looming test flight of a strategically important aircraft. Despite years of work and rumors, there is very…

Console stock shortages cause hardware sales to tumble in Europe

Console hardware sales have tumbled in Europe this year due to continuing stock shortages. Just over 2m consoles have been sold across Europe this year (excluding major markets of the UK and Germany), which represents a 21 percent drop year-on-year, reports GamesIndustry.biz. In particular, PS5 sales have dropped almost 44 percent for the first half…