Breaking news, updates, and reports on current events.
by Shaun Richards It is good to be ahead of the pack as I note that this morning the Resolution Foundation has caught up with one of my main themes. Housing costs have put increasing pressure on living standards for all generations alive today, compared to predecessors at the same age. Housingcost-to-income ratios fell faster … Read more
via pjmedia: “Where do I go to get my reputation back, even though nobody knows I lost it?” That seems paradoxical, since your reputation is what people generally think of you — but in digital publishing what really counts is what computers think of you. Earlier this week, secret algorithms besmirched my digital reputation, in ways that could … Read more
Oregon’s Democratic governor, Kate Brown, has dispatched state troopers to find missing Republican senators and bring them back to Salem to legislate. All 11 Republican senators are in hiding, at least some of them out of state, in order to prevent the Senate from having the quorum it needs to operate. They can’t abide the Democrat-backed … Read more
When Donald Trump’s campaign manager said in Miami recently that he planned to launch a national Hispanic outreach effort in Florida, Democrats took notice. The state’s 2.2 million Hispanic voters make up an outsized portion of Florida’s electorate, and nearly two-thirds voted in 2016 for Hillary Clinton. Last year, Trump’s hard-line immigration policies and rhetoric contributed to sweeping Republican … Read more
The cap on state and local tax (SALT) deductions has already begun to driveOpens a New Window. some residents away from high-taxOpens a New Window. states like New York and New Jersey, but experts say that trend is only going to intensify. “It took a few months for taxpayers to realize the dollar implications – until they actually filed … Read more
via WSJ: Google’s ubiquitous internet platform shapes what’s real and what isn’t for more than 2 billion monthly users. Yet Google Maps, triggered by such Google queries as the one Ms. Carter made, is overrun with millions of false business addresses and fake names, according to advertisers, search experts and current and former Google employees. … Read more
by Brian Maher of The Daily Reckoning The announcement came rolling from the Eccles Building at 2 p.m. Eastern… No rate hike. Jerome Powell has decided to sit on his hands — for now. In his very words: It’s important that monetary policy not overreact to any one data point… The FOMC will closely monitor the … Read more
Facebook’s cryptocurrency, officially unveiled on Tuesday, heralds the rise of the corporation-government, potentially shaping the already vast powers of the Silicon Valley giants into a borderless, unaccountable techno-oligarchy. The crystal ball is dark, and we should be afraid. Facebook’s cryptocurrency, Libra, is to be used in a standalone application or its messaging platform, à la … Read more
by Martin Armstrong QUESTION: I am confused. Is it true that only the Federal Reserve can create money and not the Treasury? HB ANSWER: It all depends upon your definition of money. If you are asking about paper currency, then the answer is yes. If you are speaking of “elastic money,” which really is just book-entries, then that … Read more
by Simon Black Earlier this week the United Nation’s Department of Economic and Social Affairs released its 2019 world population report… and there were a number of very interesting findings: 1) World population continues to grow slightly, but the rate of global population growth is at the lowest level since at least 1950. 2) Global population growth … Read more
https://www.youtube.com/watch?v=5DhZTOqxgPg Investors have been expressing extreme enthusiasm for bonds. Is a turning point nigh? Chart price patterns are a useful aide in figuring out the answer …
Socialized Pharmacare forces working poor to subsidize the wealthy (Link to article below) https://www.cbc.ca/news/politics/phar…
by WARREN MOSLER Last month’s uptick hinted at a reversal, but this month’s large move back down says otherwise: Still rolling over, and from depressed levels relative to prior cycles, and these charts are not population adjusted which only makes it worse:
https://www.youtube.com/watch?v=a52u0r5eebU Brett Samuels from The Hill reports, The Department of Interior on Wednesday released a schedule of events for Independence Day, which this year will include an address from President Trump titled “Salute to America,” military demonstrations and flyovers, a parade as well as an expansion of open areas along the National Mall. Read More/Source/Credit/FairUse: … Read more
In your opinion, do you think the Fed will CUT in July? Fairy tales are fun. We can escape reality for a moment and enjoy the fictional fantasy. But for those who are willing to accept the cold hard truth, fairy tales are best left for story time. Statistically, something is very off today. The … Read more
by Natura Naturans The Clinton rats are deserting the sinking Clinton ship. Now that the Justice Dept. is investigating the swamp that created the fake Steele dossier we can bet more rats will disappear. Over the past decade the Clinton Foundation’s Amitabh Desai was very active capturing money for the Foundation. The far left New … Read more
Biggest Slack shareholders Stakeholder//Shares owned//Percent of ownership//Value of Stake at $26 per share share Accel//119,928,410//24%//$3,118,138,660 Andreessen Horowitz//66,523,324//13%//$1,729,606,424 Social Capital//50,853,362//10//%$1,322,187,412 Stewart Butterfield//41,619,937//8%//$1,082,118,362 SoftBank//36,611,744//7%//$951,905,344 Cal Henderson//16,604,503//3%//$431,717,078 https://www.cnbc.com/2019/06/19/slack-debut-means-big-returns-for-accel-and-andreessen.html AC
via scmp: China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves Anbang Insurance Group, Dalian Wanda Group and HNA Group have all been pressured to sell assets amid the trade war with the United States This is the … Read more
