Former Fed chair warns of ‘gigantic holes in the system’ & new financial meltdown risk

Janet Yellen, former US Federal Reserve chair, has warned that another financial crisis could be in the country’s future, due to ballooning corporate debt and regulatory impotence. “I think things have improved, but then I think there are gigantic holes in the system,” Yellen told economist Paul Krugman at the City University of New York. […]

Chubbs is back! WATCH gigantic 15ft alligator roam Florida golf course

A massive alligator, nicknamed Chubbs, has once again been spotted in Florida roaming along the clean-cut grass and shocking visitors at the Buffalo Creek Golf Course in Palmetto. Strolling the course and casually enjoying the warmth of sunlight, the massive 15-foot reptile was not shy of cameras. While the enormous predator instilled fears in those […]

Touring the Gigantic New Singapore A380 Suite at Airbus HQ

Touring the Gigantic New Singapore A380 Suite at Airbus HQ Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does […]

Uber hit with 2 lawsuits over gigantic 2016 data breach

Enlarge (credit: Jaap Arriens/NurPhoto via Getty Images) In the 48 hours since the explosive revelations that Uber sustained a massive data breach in 2016, two separate proposed class-action lawsuits have been filed in different federal courts across California. The cases allege substantial negligence on Uber’s part: plaintiffs say the company failed to keep safe the […]

Gigantic ‘fatberg’ found under London, weighing same as 11 double-decker buses

Published time: 12 Sep, 2017 11:34 A gigantic ‘fatberg’ – the weight of 11 double-decker buses – has been discovered in an East London sewer. The stomach-churning contents include discarded wet wipes, nappies, fat and oil – in a congealed mass which weighs 130 tons. The 250-meter-long ‘fatberg’ is more than twice the length of […]

There’s one big problem with the Fed’s plan to unwind its gigantic balance sheet

REUTERS/Kevin Lamarque The late economist John Kenneth Galbraith famously stated economic forecasting was invented to make astrology look respectable.  The Federal Reserve seems bent on proving Galbraith right, this time when it comes to guidance about what it intends to do with its $ 4.5 trillion balance sheet, which expanded sharply in response to the […]