Breaking news, updates, and reports on current events.
by Chris Trump is dead wrong on not pardoning or otherwise absolving Assange, but it’s worth remembering that Julian became a target under Obama. The true crime? Embarassing the power eloites in DC by exposing war crimes (and then later CIA/NSA misdeeds). As a reminder, just this week it was aqlso revealed, with something of … Read more
via Danielle Park: Better Markets (BM) describes itself as a “non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again”. Eleven years in, BM continues to … Read more
via factset: While 2018 was a solid year for initial public offerings on U.S. exchanges overall (274 IPOs), the slowdown in activity we saw in the fourth quarter of last year continued into early 2019. The 34-day U.S. government shutdown (Dec. 22, 2018 – Jan. 25, 2019) certainly had an impact on IPO activity to start … Read more
by Daisy Luther of The Organic Prepper A new gun control bill introduced in the Oregon State Legislature added 45 pages of draconian amendments the night before the vote. SB978 passed the Judiciary Committee yesterday and now heads to the Oregon Senate. It’s a good thing that some parts of this state have vowed to be 2A sanctuaries because Oregonians are going … Read more
by Fabius Maximus Summary: The Democrats have a potentially winning game. But economics are trump in politics, just as in almost everything else. Past spending sins might crash their parade. The Democratic Party’s leaders probably believe they have a winning strategy. Open the borders, offer increased welfare, reparations to Blanks (and then perhaps other formerly … Read more
by John Ward To a predictable MSM barrage of ridicule, dismissal and risible critique yesterday, Nigel Farage officially launched his Brexit Party – with a major rally set to take place in Birmingham tomorrow. Apart from a media set largely biased against him, the BP leader faces the major obstacles of FPTP, the potential for a … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter In Greater Vancouver, BC, Canada, house prices fell 0.5% in March from February, the eighth month in a row of declines, according to the Teranet-National Bank House Price Index released this morning. It was the sharpest eight-month decline since February 2013. The index is now down 4.3% from the peak in July 2018. … Read more
by Dr. Eowyn Yesterday, April 11, 2019, after providing him political asylum in its embassy in London for the past 7 years, the government of Ecuador surrendered WikiLeaksfounder Julian Assange, 47, to the UK police. Ecuador’s President Lenin Moreno said he had run of patience with Assange and withdrew his asylum status, describing him as an “inherited” problem … Read more
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, April 12, 2019 General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities The Department of Justice today announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions … Read more
The announcement drew an immediate reaction from small business owners who are worried that word of the policy will encourage shoplifting. While the Dallas County District Attorney John Creuzot tried to clarify his new policy on Friday, some business owners are worried about what the DA’s new policy will mean for them. Cody Ellison and … Read more
Facebook’s virtual reality subsidiary Oculus has shipped tens of thousands of its touch controllers with sinister-sounding messages the company described as “easter eggs.” The messages included phrases like “Big Brother Is Watching You,” “The Masons Were Here,” “This Space for Rent,” and “Hi iFixit! We See You!” iFixit is a company that advocates for right … Read more
by Dana Lyons The corporate bond market may be at a key technical juncture. Though stock indices are within spitting distance of all-time highs, it isn’t just the equity investors that have been happy of late. Corporate bondholders have also been enjoying a nice run lately, in particular over the past 6 weeks (following much … Read more
By Robert Ross Something unusual happened in the stock market recently. A few weeks ago, a closely watched indicator, called the “yield curve,” inverted for the first time since the last recession. This is a concrete sign the economy is slowing. In fact, the yield curve has inverted before every recession over the past 50 … Read more
For decades, profitable Fortune 500 companies have manipulated the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits. This ITEP report provides the first comprehensive look at how corporate tax changes under the 2017 Tax Cuts and Jobs Act affect the scale of corporate tax avoidance. The … Read more
https://www.youtube.com/watch?v=Nck09gfdQ70 Here’s the entire Pentagon Paper Archive for ya: https://www.archives.gov/research/pen…
by Troy If you feel like the stock market has been quiet recently, then you’d be right. The S&P 500 has gone nowhere over the past 8 days, with very little intraday volatility. Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most probable medium term direction by objectively quantifying technical … Read more
by Michael Snyder An unusually large earthquake just hit the west coast. According to the USGS, a magnitude 4.6 earthquake that was centered directly on a fault line happened approximately 221 kilometers west of Ferndale, California on Friday. Fortunately it was far enough away from shore that no major damage was caused. But if this was just … Read more