Angry Worker Destroys Luxury Homes With Excavator After Getting Fired

You can’t make this up. A disgruntled, fired employee from a marina near our lake house snapped and destroyed the entire marina with an excavator. Does anyone have more information on what happened? #Muskoka pic.twitter.com/XcCLAVBFMy — Don Tapscott (@dtapscott) July 27, 2022 ‘This is the dramatic moment a ‘disgruntled worker’ destroyed a luxury marina building … Read more

Slowing! Home Price Growth Slows To +17.3% YoY As PMI Dropping Towards Contraction And Mortgage Payments Rise 62.3% YoY

by confoundedinterest17 The US economy is slowing. Sort of like Joe Biden sprinting from the Marine Helicopter to The White House. The Black Knight Home Price index is showing YoY home price growth slowing to +17.3% YoY … which is still really high. And according to Zillow, mortgage mortgage payments are up 62.3% YoY. Today’s PMI … Read more

Russia Says It Can’t Help With Nord Stream Gas Turbine Repairs

By Tsvetana Paraskova There is little Russia can do to help with repairs of equipment at Nord Stream compressor stations, according to Kremlin spokesman Dmitry Peskov. The situation with the necessary repairs needs to be resolved, but Russia can do little in this regard, Peskov told Russian reporters on Monday. The Kremlin doesn’t have anything to add … Read more

Australia May Limit LNG Exports Amid Domestic Gas Shortage

By Irina Slav Australia is again facing a domestic gas shortage because of excessive exports, and the Australian Competition and Consumer Commission is warning that the government must impose limits on LNG exports to secure local supply. This warning follows a decision by the Australian Energy Market Operator to activate a supply guarantee mechanism that was set … Read more

Private Companies On Edge As Kyrgyzstan Takes Control Of Canadian-Owned Mine

By Eurasianet Private mining companies are on edge as Krygystan looks to consolidate the industry. A decades-long legal saga between Kyrgystan and Canadian-based Kumtor Gold Company has ended with the government taking control of the private mine. Industry observers worry that Kyrgyz authorities are itching to drive out yet more private mining companies. In the … Read more

Schumer/Manchin Bill With $327 Billion In New Taxes Could Cause Further Recession And Increase Taxes On Americans Making Under $400,000 (US 10Y-2Y Yield Curve Further Inverts)

by confoundedinterest17 The spendiholics in Washington DC (aka, Biden and Congress) have passed yet another inflationary legislation, this time the sadly misnamed “The Inflation Reduction Act” since it will likely lead to a furthering recession of the US economy. Well, that is one way to reduce inflation: cause a recession and job loss. From the Wall Street Journal: An … Read more