On Wire

by FS July 5, 2019 –Markets have been stuck in a narrow trading range for the last 18 months, reaching new highs only to retrench amid setbacks. Craig Johnson of Piper Jaffray spoke with Financial Sense to give his take on where markets are headed and why there is reason to be cautious. Year-end Targets Johnson set … Read more

by Natura Naturans   Just the headlines, go to the link for details: Let us count the ways… 1. The Fake News Media Is the Only Shrinking Institution in America’s Booming Economy 2. Democrats Lost “The Sane One” Joe Biden 3. Democrats Handed the 4th of July to Trump 4. Democrats Came Out Against the American … Read more

And 200 miracle orders — well, just a letter of intent — for the Boeing 737 MAX at the Paris Air Show. By MC01, a frequent commenter on WOLF STREET: Airlines and aircraft manufacturers usually announce large deals during the big air shows to add an air of glitz and glamour to their dealings. With the … Read more

Instead of arresting a woman accused of shoplifting, these NYPD officers paid for her meal When New York City Police officers saw a woman accused of shoplifting at a Manhattan Whole Foods store on Thursday, they didn’t arrest her; instead, they paid for her meal. A store security guard asked three officers on a break … Read more

Democratic presidential candidates have “unworkable” and “unwise” immigration policies, according to Obama administration Homeland Security chief Jeh Johnson. “That is tantamount to declaring publicly that we have open borders,” Johnson told the Washington Post on Tuesday, referring to a push to decriminalize illegal immigration. “That is unworkable, unwise and does not have the support of a … Read more

via dailymail: To create cultured meat, researchers take small amounts of tissue from animal After isolating individual cells,they’re put in flasks and fed nutrients, oxygen When grown on plastic, cells will divide until they exist on all of available surface To get an organized structure like steak, you need vessels and connective tissue    The meat … Read more

21ST CENTURY PROBLEMS: Algorithmic Governance and Political Legitimacy. In ever more areas of life, algorithms are coming to substitute for judgment exercised by identifiable human beings who can be held to account. The rationale offered is that automated decision-making will be more reliable. But a further attraction is that it serves to insulate various forms of … Read more

They’re cutting further to maintain price stability, but it’s causing them to loose market share like crazy to competitors like US shale producers. https://twitter.com/stuartlwallace/status/1145232557841272833?s=21    

via Bloomberg: China’s private enterprises under President Xi Jinping appear to be holding the short end of the stick. The government’s earnest deleveraging campaign has hit the sector disproportionately hard, and a never-ending trade war with the U.S. has hurt manufacturing, the core of China’s entrepreneurial spirit. That’s only part of the story. Private businesses aren’t merely … Read more

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