Breaking news, updates, and reports on current events.
DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since last year, will save about $600 million per … Read more
Georgetown researchers are warning Americans about a sophisticated real-time face surveillance system that’s about to become an “imminent reality” for millions of citizens across the country. The ‘America Under Watch’ report is a warning that authorities in select US cities may soon be able to pick you out from a crowd, identify you, and trace … Read more
We are expecting a possible Historical Significant Severe weather once every 2 to 6 years of Large Tornadoes for Western Oklahoma and Northeastern Panhandle of Texas. Latest NAM 3km, NAM, and NAM-NEST models are all agreeing on the significant threat for Discrete cyclonic supercells that look to pose a serious threat for Large Tornadoes across … Read more
BY JOHN RUBINO Last year I read an article about the Impossible Burger, a plant-based patty that was supposed to rival the real thing. I called a friend who lives in a neighboring s. They were good. Close to meat in taste and texture and – if the marketing hype was to be believed – produced in … Read more
by Mac Slavo of SHTFplan The Federal Reserve announced Wednesday in a downbeat report that the United States’ industrial production slumped in April. The Fed’s report also included sharp downward revisions for other important segments of the U.S. economy. According to Market Watch, capacity utilization fell sharply to 77.9% from an upwardly revised 78.8%. Most major market groups reported worse production … Read more
by Martin Armstrong This is the winter that does not want to leave. It is still raining and snowing in California, even in May, as reported by the LA Times. We are experiencing a long protracted winter in many areas. This does not bode well for the summer, which also appears to be shorter. If this … Read more
by Harry Dent of Economy & Markets In my Economy & Markets video on Friday, I discussed why the trade deal has been challenging and likely doomed in the end. I also talked about the impact the “sudden” collapse in negotiations has had on the markets. Investors thought a deal was imminent. Now, they see it’s nowhere in sight… and they’re storming … Read more
via washingtonexaminer: For all the screaming about President Trump’s rhetorical attacks on the news media, nothing he has done comes close to what is happening now in San Francisco. Oddly enough, many of the same journalists who have spent the last three years resisting the White House’s supposed war on the newsroom (which, incidentally, has landed … Read more
via realclearinvestigations: “While Washington pols and pundits angrily debate who and what counts as a spy, and whether any such exotic creatures have ever been employed by the FBI, new evidence is emerging that the FBI not only uses spies, but has done so extensively, including in the Trump-Russia investigation.” Related: Victor Davis Hanson on how Brennan … Read more
Jason talks about how President Trump’s surprise Tweet today about Iran https://www.cnbc.com/2019/05/19/trump… along with other news coming out about potential new military interventions in Iran and Venezuela because of John Bolton.
by independenttrader Julian Assange, co-founder of the WikiLeaks has been arrested by the British Police, in early april. Over the last 7 years, Assange has been staying in the British embassy of Ecuador, but the government recently refused to further help him. Now the Australian journalist will probably be deported to the U.S., which has been … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Auto-loan defaults have reached the sky-high rates of the Financial Crisis but are transpiring in the strongest labor market in years. This raises some big issues. (9 minutes)
by Dr. Eowyn The Leapfrog Group is an independent, non-profit national organization founded more than a decade ago by America’s leading employers and private health care experts. In the interest of the safety, quality and affordability of health care in the U.S., Leapfrog advocates and promotes hospital transparency through its data collection and public reporting initiatives. … Read more
by Lance Roberts This past weekend, I was digging through some old articles and ran across one that needed to be readdressed on“human stupidity” as it relates to investing. The background was a study done in 1976 by a professor of economic history at the University of California, Berkeley. Carol M. Cipolla published an essay outlining … Read more
via ocregister: In the aftermath of the Communist victory in the late 1940s, the question often asked in Washington was: “Who lost China?” That fueled the McCarthyite inquisition that followed. The question our children might ask is: “Who lost America?” The long-running side-show around Russian “collusion” focused on the nasty but largely inconsequential ties between some … Read more
Via ZeroHedge Taxpayers in America’s ten biggest cities face an average per taxpayer burden of $50,000 in debt incurred by the county, state and or “off-balance-sheet” transactions by city government entities, according to Truth in Accounting (TIA). The taxpayer burden, TIA explains, is the amount residents would have to pay to cover all of a government’s debt. … Read more
Washington (CNN)Chinese-made drones may be sending sensitive flight data to their manufacturers in China, where it can be accessed by the government there, the US Department of Homeland Security warned in an alert issued Monday obtained by CNN. The drones are a “potential risk to an organization’s information,” the alert from DHS’s Cybersecurity and Infrastructure … Read more
Sen. Kirsten Gillibrand (D-NY), who is running in the 2020 Democrat presidential primary, pledged to enact an open border policy on Sunday, saying that she would release all border crossers and illegal aliens into American communities so long as they claim they are seeking asylum. During an interview on CBS’s Face The Nation, Sen. Kirsten Gillibrand … Read more
Bob Kudla interviewed by Sean of SGTreport Bob Kudla the founder of Trade Genius joins me to discuss the very latest as President Donald J. Trump squares off against China, the bankers and Democrats at the same time, and in Bob’s view it’s checkmate.