The press functions as a guild. It’s not defending the First Amendment — and it’s happy to flush your First Amendment rights — it’s defending guild privileges.

NINA BOOKOUT: Ted Olson Is Wrong, It’s About Acosta’s Behavior NOT The First Amendment. The press functions as a guild. It’s not defending the First Amendment — and it’s happy to flush your First Amendment rights — it’s defending guild privileges. …

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4 resignations and counting: May’s government ‘falling apart before our eyes’ over Brexit deal

https://www.youtube.com/watch?v=D0neRtW0w9E Four high profile resignations have followed on the heels of Theresa May’s announcement that her cabinet has settled on a Brexit deal, with Labour claiming that the Conservative government is at risk of completely dissolving. https://www.rt.com/uk/444050-brexit-resignations-may-deal/ https://www.youtube.com/watch?v=8Xn_Hk8aTrY

CORRUPTIFORNIA: Diane Feinstein’s Husband Wins Near Billion Dollar CA High-Speed Railway Contract; Praying this has nothing to do with CA fires

by NotStarvingActress https://twitter.com/JodyICEMANJames CA has been talking about high-speed railway since forever. Issue is it’s not going to be profitable. Update: questions have been raised as to whether or not Richard Blum still owns a substantial or any interest in Tutor …

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I Read The News So You Don’t Have To – Market News (Nov. 15, 2018)

by ogordained UNITED STATES Consumer prices rose 2.5% in October, in line with expectations Low oil prices have driven down future inflation expectations Rent prices have been slowing after a 2017 peak  Despite wage increases, mortgage applications continue to slow Donald Trump announced his support for criminal justice reform, including reducing minimum sentencesfor …

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Will PG&E Have to File for Bankruptcy Protection?

For investors there is little clarity through the smoke and haze.  By Leonard Hyman and Bill Tilles for WOLF STREET: The common shares of Pacific Gas & Electric [PCG] plunged nearly 22% to $25.59 on Wednesday and are now down 47% since November …

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Junk Debt Still Looking Shaky

by Chris Well, don’t look now but futures on all three US equity indexes are nicely green…msot brain dead trade of the past month.  US stocks down on the day?  Buy the futures. Not sure how long that will last, but …

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Gundlach: Rate Raises + Increased Federal Debt = US Economic “Suicide Mission”… Holtz-Eakin: “Average American Is Blissfully Unaware of the Federal Debt Problem”

via yahoo: Bond investor Jeffrey Gundlach, the founder of DoubleLine Capital, reiterated his assertion that the U.S. is “on a suicide mission” by increasing its deficit while the Fed is raising interest rates. Gundlach made the comments during a webcast on Tuesday afternoon shortly …

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The dirty secret Macy’s is hiding.

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Unlike Sears, Macy’s didn’t miss the train on online sales. But it uses its vibrant online business to paper over the decline in its brick-and-mortar business. When Macy’s reported third-quarter earnings this morning, it made a …

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Mtg apps, China exports, Oil

by WARREN MOSLER Continuing to be negative year over year: Highlights Rising interest rates continue to dampen mortgage activity, with purchase applications for home mortgages falling a seasonally adjusted 2.3 percent in the November 9 week to the lowest level …

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Strong down legs followed by weak up legs followed by strong down legs is what describes a bear market.

https://twitter.com/OccupyWisdom/status/1062412108187557888 $SPX (weekly) 50sma – line in the sand pic.twitter.com/LJNem2zWVo — Alastair (@StockBoardAsset) November 14, 2018 every forced rally has been met with sellers pic.twitter.com/t2fQ91u8hO — Alastair (@StockBoardAsset) November 14, 2018 This counts for #ES_F liquidity into the close these …

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