Breaking news, updates, and reports on current events.
Authored by Nick Cunningham via OilPrice.com, The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian has recently seen job losses, and for the first time since 2016, the hottest shale basin in the world has seen job growth lag the broader Texas … Read more
Authored by Mac Slavo via SHTFplan.com, Twitter has written “shadow banning” aka, censorship, into their new terms. The platform will nowintentionally “limit the visibility” of some users. Expect those who dissent from the official narrative to be the ones censored. Critics have accused Twitter of censorship for quite some time now. But this time, it’s official. The company has admitted … Read more
by visualcapitalist From a young age, many of us were taught that sharing is caring. Many countries have also followed this simple principle, in the interest of growth and prosperity, when doing business on a global scale. Today’s infographic from HowMuch.net charts the top imports and exports between the U.S. and China, pulled from the Observatory of Economic … Read more
Authored by Pater Tenebrarum via Acting-Man.com, Credit Market Bifurcation By all accounts, credit markets remain on fire. 2019 is already a record year for corporate bond issuance, beating the previous record set in 2017 by a sizable margin. Demand for the debt of governments and government-related issuers remains extremely strong as well, despite non-existent and often … Read more
https://twitter.com/ByronYork/status/1202576952172929026?fbclid=IwAR0RObnGZpTDMmU89tekCC4nSuK5QfNTW88KpFUutqibCj7kaSWsF-6aVi0 Kate Hyde: “This [impeachment] hearing makes me feel like I’m just watching the NYTimes Opinion section yelling at me”. COCAINE MITCH, ROGUE SENATE LEADER: ‘Is she trying to make him sound cool?’ Nancy Pelosi takes a new shot at Mitch McConnell: ‘Rogue Leader? With Star Wars coming in two weeks? there’s no way Cocaine Mitch … Read more
https://www.youtube.com/watch?v=Um0VYai5qKc Ride-hailing company Uber is working on a loan program for its drivers. Investigative journalist Ben Swann weighs on. He points out that Uber’s reputation for mistreating its contractors makes it difficult to trust it to engage in pay day loans, which risk transforming its drivers into debt slaves.
by Dave Kranzler of Investment Research Dynamics “The Fed first tried to justify the loans by saying they were a short-term measure to stem a liquidity crisis. But the so-called “liquidity crisis” has not prevented the stock market from setting new highs since the loan operations began on September 17. And the short-term operation has been running every … Read more
by James Rickards via Daily Reckoning Dear Reader, The major stock market indices will move sideways through the remainder of the month (and year) to end the year about where they are now. That said, if markets move outside a narrow range, there is more downside potential than upside. This is a good time to lighten up on … Read more
Sahil Kapur Verified account @sahilkapur The Senate confirmed EIGHT new federal judges this week, bringing Donald Trump’s total to 170. —120 on district courts —48 on circuit courts —2 on Supreme Court Nearly all are in their 40s or 50s with lifetime appointments and positioned to shape American law for generations. The Senate confirmed EIGHT … Read more
by Shaun Richards Yesterday the Eurogroup made a statement lauding the economic progress made by Greece. We welcome the confirmation by the institutions that Greece is projected to comfortably meet the primary surplus target of 3,5% of GDP for 2019. We also welcome the adoption of a budget for 2020, which is projected to ensure … Read more
by Dennis Miller I recently wrote “Most readers have felt … for some time, … things are just not right, yet so far, nothing horrible has happened.” Ron Paul’s recent article, Is The ‘Mother of all Bubbles’ about to Pop?, reinforces those fears: “When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing … Read more
Civil order is slipping away in Chicago, leading toward a dystopian state where personal safety cannot be taken for granted and property must be constantly guarded from marauders willing to use force to take it away. Progressive policies are killing a great city, one that rightfully ought to be regarded as one of crowning glories[i] of American civilization, the city … Read more
China gene-edited baby experiment ‘may have created unintended mutations.’ Excerpts from the manuscript were released by the MIT Technology Review to show how Chinese biophysicist He Jiankui ignored ethical and scientific norms in creating the twins Lula and Nana, whose birth in late 2018 sent shockwaves through the scientific world. He made expansive claims of … Read more
I really think Pelosi is close to the edge and ready to snap. She looks terrible and sounds worse. She really is getting too old for this shit. Just when Trump is calling the Democrats “crazy,” we get some loonily angry outbursts from Joe Biden and Nancy Pelosi. Is this ludicrous theatricality as a cynical … Read more
via latimes: California’s campaign watchdog agency has suspended a longstanding policy banning its members from contributing to federal candidates after one commissioner donated to Vermont Sen. Bernie Sanders’ presidential bid. The decision by the Fair Political Practices Commission, which is responsible for policing campaign finance in California, is drawing criticism from some political reform advocates and … Read more
BREAKING: Justice IG Horowitz has 104 criminal or administrative investigations of alleged misconduct related to FBI employees open as of Sept. 30, according to new OIG report. The criminal investigations involve "serious allegations of official misconduct." — Paul Sperry (@paulsperry_) December 5, 2019
by Lance Roberts “This is the most prosperous economy the world has ever seen and it’s going to be a very prosperous economy for the next 100 years.” – Jamie Dimon That’s what the head of JP Morgan Chase told viewers in a recent “60-Minutes” interview. “The consumer, which is 70% of the U.S. economy, is quite strong. Confidence … Read more
https://youtu.be/3GYxmdBE7Mg YouTube CEO Susan Wojcicki tells Lesley Stahl what the video platform is doing about hate speech in an interview Sunday on the CBS newsmagazine program ’60 Minutes.’ Wojcicki told ’60 Minutes’ that Google employs 10,000 people to focus on “controversial content.” She described their schedule, which includes time for therapy. Stahl also said there … Read more
