Breaking news, updates, and reports on current events.
After years of heavy financial losses, The Salt Lake Tribune is pursuing federal approval to become a nonprofit operation sustained by donations large and small. Owner Paul Huntsman, who bought Utah’s largest newspaper in 2016, confirmed his lawyers have approached the IRS about changing The Tribune from a privately owned business to a community asset. The … Read more
Which class of full-time, year-round American workers has the highest median earnings? Is it the class that works for private-sector employers? Is it the class that works for the government? Or is it the entrepreneurial class, those of whom employ themselves? According to the Census Bureau Personal Income Table 07 (PINC-07), the competition isn’t close. … Read more
BALTIMORE (WJZ) — Baltimore City Hall government servers have been infected by a ransomware virus that government officials said is spreading throughout their network. Mayor Jack Young released a statement confirming the issue. “Baltimore City core essential services (police, fire, EMS and 311) are still operational but it has been determined that the city’s network has … Read more
via dailycaller: The federal regulatory apparatus imposed a roughly $14,600 “hidden tax” on American households in 2018, according to a report by the Competitive Enterprise Institute (CEI). “That amounts to 20 percent of the average pretax income of $73,573, and 24 percent of the average expenditure budget of $60,060,” CEI’s Wayne Crews wrote in his annual … Read more
Public health advocates and anti-smoking lawmakers hope aiming for smokers’ wallets can raise money and / or curb smoking. Senate President John Cullerton (D-Chicago) (pictured) joined medical groups for a news conference at the Capitol Tuesday to announce a proposal to increase the cigarette tax by a dollar a pack. “The governor’s proposal in cigarette … Read more
This is a ruling from 9th circuit The panel of judges wrote in the opinion that the Department of Homeland Security had shown that it suffer irreparable harm if the policy was halted because it “takes off the table one of the few congressionally authorized measures available to process the approximately 2,000 migrants who are … Read more
Worst of the flood so far https://abc13.com/weather/worst-of-the-flood-so-far/5289837/ The severe thunderstorms will be capable of producing large hail, damaging winds and tornadoes including a few strong tornadoes possible tonight while the heavy rain may be excessive at times and produce both flash and river flooding https://www.weather.gov IH-69 Eastex Freeway Northbound At SAN JACINTO RIVER 1 … Read more
Spasms of insecurity and violence continued to rock Ebola hot spots in the Democratic Republic of the Congo (DRC) outbreak region over the weekend, temporarily halting response activities in Butembo, as the number of new cases reported in recent days grew by 43. In research developments, a new study on the impact of intravenous (IV) … Read more
by Michael Snyder If negotiations between the Trump administration and the Chinese government do not produce a trade deal by Friday, it is going to be absolutely catastrophic for Wall Street. On Tuesday, trade fears pushed the Dow Jones Industrial Average down 473 points. It was the second-worst trading day of 2019 so far, and … Read more
by Michael Snyder This is the closest that the U.S. has been to a war with Iran in decades, and yet most Americans are either clueless or they don’t seem to believe that it could actually happen. And I certainly don’t think that President Trump wants a war, but he is surrounded by war hawks … Read more
via Zerohedge: The Trump Administration is looking into altering how it determines the national poverty level, which may put some Americans at risk of losing access to welfare programs, according to Bloomberg. The move might occur from changing how inflation is calculated in the “official poverty measure” according to a regulatory filing by White House Office of … Read more
Trump is now getting ready to push more people off of welfare, the reasoning is that people should not be dependent on government and a transition is on its way and the government will not be able to support these people. China talks seem like they hit a road block, but this is just a … Read more
by Charles Hugh-Smith There are many historical models in which the spending/investing of wealthy families drives the expansion of local economies. The increase in farm debt while farm income declines is putting unbearable financial pressure on American farmers, who must be differentiated from giant agri-business corporations. This is placing immense pressure on farmers, pressure which manifests … Read more
by visualcapitalist From plastic-filled oceans to unequal pay, sustainability is a hot topic these days. Many people are wondering how we’ll move the needle on these important issues, and the business world is being pressured to take action. Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every … Read more
by John Rubino By now just about everyone understands what junk bonds are and why they matter. But there’s a non-publicly traded version of this kind of debt that’s also soaring and has recently caught the Fed’s eye. Called leveraged loans, these are loans made by banks to companies with weak balance sheets – defined … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter It’s a tough job, but someone’s doing it. Consumer debt – or consumer “credit” more euphemistically – includes auto loans, student loans, credit-card debt, and personal loans, but it excludes housing related debt, such as mortgages and HELOCs. Growing consumer debt helps prop up the US economy because it means that … Read more
WELL, THEY STILL HAVEN’T ACCEPTED 2016: Liberal Media Scream: Anti-Trump media fears he’ll never leave office. Related: Honoring elections is no longer the Democratic Party way. During one of the debates between Hillary Clinton and Donald Trump during the 2016 election campaign, the Democrats became outraged when Trump said he might not immediately accept the election results should Clinton … Read more
Trade war a cloud over Trump’s 2020 prospects President Donald Trump’s aggressive trade policies are running headlong into his campaign for reelection. As Trump prepares to run on the economy, his threat to increase tariffs on imports from China has sent the stock market diving and served to undercut a stretch of positive economic news. … Read more
CNN laysoff 100 people, even thought they don’t call it a layoff. Mueller report relied on the MSM for its investigation. Mueller says he interviewed Mifsud but there is no paperwork. MSM and the [DS] are trying to play down the word spying. Wray was asked about spying and his answer was not really an … Read more
Turns out secret societies exist, and this global elite group is keeping media and everyone else out. h/t R1CK3O