Month: August 2018

Rob Reiner: Fox, Breitbart ‘Trafficking in Another Narrative’ – We Might Be in ‘Last Stage of a Civil War’

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Wednesday, on “MSNBC Live with Katy Tur,” actor and director Rob Reiner made the argument that Fox News and Breitbart News Network are “trafficking in another narrative” that is different from outlets such as the Washington Post and the New York Times working to get the truth out and that we “might be the last … Read more

Democrats have gone from “It’s the economy, stupid” to “It’s the stupid economy.”

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Survey: Business Owners Think Trump’s Tariffs Are Awesome #Maga President Donald Trump’s tariffs are very popular with the owners of American businesses. Seventy-one percent of business owners surveyed by UBS Wealth Management Americas support additional tariffs on imports from China. Eighty-eight percent said that China engages in unfair trade practices, according to the UBS Investor Watch survey. … Read more

As Glenn likes to say, I’ll believe global warming is a crisis when the people who tell me it’s a crisis start to act like it’s a crisis themselves.

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PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS: ● Shot: NBC’s Thompson Promises ‘Environmental Civil War’ Over Trump’s Rollback of Regulations. —NewsBusters, today. ● Chaser: NASCAR, NBC announce 10-year deal. —ESPN, July 23, 2013. ● Hangover: Dale Earnhardt Jr. to Sign Multiyear Contract to Be Analyst for NBC in 2018. —Bleacher Report, July 24, 2017. As Glenn likes to … Read more

Motor vehicle sales, Factory orders

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by WARREN MOSLER Highlights Unit vehicle sales proved surprisingly weak in July, at a 16.8 million annualized rate vs 17.2 million in June. This is the lowest rate since August last year but it will be the comparison with June that will pull down forecasts for July’s retail sales report. Vehicles were a valuable contributor to … Read more

Consumer Debt Suddenly Surges in Spain, Banks Love it, But Regulators Begin to Fret

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Bad habits die hard. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. So it is that banks in Spain are once again beginning to significantly relax their lending standards. This includes the resurrection of the 100% mortgage, a high-risk instrument that notoriously helped fuel Spain’s madcap property boom over a decade ago. But it’s in the … Read more

4 in 10 people in California are living below or near the poverty line – Highest poverty rate in the nation

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via latimes: California’s greatest contradiction is almost Dickensian: In a state often cited as home to scores of billionaires, almost 4 in every 10 residents are living at or near the poverty line. Some live in rural regions removed from the state’s economic recovery. Others live in bustling cities or even along the state’s world-famous coastline. … Read more