Breaking news, updates, and reports on current events.
Awesome! Chicago attorney calls for Jussie Smollett to be RE-CHARGED with staging attack and demands investigation into whether city’s top prosecutor interfered in decision to drop felony charges against him. BREAKING — a Chicago attorney has filed a petition asking for a special prosecutor to pursue the case against #JussieSmollett case and look into whether … Read more
HMM: Boeing’s 737 Max Defense Just Got More Difficult. “The 737 Max is as safe as any airplane that has ever flown the skies,” Boeing swiftly concluded. Lion Air was furious that the manufacturer appeared to be casting doubt on its safety culture, but for everyone else it sent a comforting message: Perhaps Boeing was … Read more
HARSH, BUT FAIR: Related: The mass hysteria that has consumed much of our political class since the 2016 election should serve as a very frightening warning about the kind of people we’ve been letting run our country. RICK MORAN: Forecasting Model that Predicted Trump Win in 2016 Shows the President in Good Shape for 2020.“It won’t … Read more
The store closures continue and I will continue to report it. The debt is not without payback. Just like a person can’t live under maximum debt, neither can a corporation or government. The only difference with a government is that they can print money. But of course when they do that, they destroy their currency. … Read more
When you look at certain statistics, things look great. In fact, you would think that prosperity is boundless. Of course, we tend to enjoy reality here. Those who desire the truth don’t want propaganda and manipulation. They simply want to know the big picture. In a world where information is limited and often twisted, we … Read more
The Mayo Clinic defines Attention-deficit/hyperactivity disorder (ADHD) is a chronic condition that affects millions of children and often continues into adulthood. ADHD includes a combination of persistent problems, such as difficulty sustaining attention, hyperactivity and impulsive behavior. I define a news and informational ADHD which is even worse because when adults know nothing via inattention … Read more
via MarketWatch: There are ideas that are so ubiquitous that it would be considered blasphemous to oppose them. A common one is that you cannot fight the Fed. If you can’t believe your own eyes based on the action in the bond market over the past six months, then allow me to provide you further … Read more
via publicfinanceinternational: Urgent action is being demanded to tackle a growing debt crisis among poor countries, whose foreign debt payments soared by 85% between 2010 and 2018. The Jubilee Debt Campaign says debts in the developing world are now at their highest level since 2004, fuelled by a lending boom driven by low global interest rates. … Read more
via yuantalks: The strong rally in China’s equity market has attracted retail investors to buy stocks. So far this year, the benchmark Shanghai Composite Index has surged more than 30 per cent. In March, 2.99 million new investors opened accounts to make stock investment, surging 109 per cent from the previous month. While retail investors are … Read more
why is jpm hedging against a downturn in the "greatest economy ever"? pic.twitter.com/7t4pztmYHB — Alastair (@StockBoardAsset) April 4, 2019 Job Layoffs Surge 35% to Highest Level to Start a Year in a Decade The worst first quarter since 2009, according to Challenger, Gray & Christmas. Job layoffs hit 190,410 in the first quarter, a 35.6 … Read more
via mises: For much of the past several months it has been almost impossible to open the pages of any business section, or skim through any article on current economic events, without encountering the same ominous phrase: global economic slowdown. The quickness with which this new buzzword has crept its way into the centre of the … Read more
via mises: The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious. Scott Pelley asked no penetrating questions, so nothing was learned. Fed Chairs aren’t known to hit the interview circuit. Bernanke appeared during the crisis to reassure the nation that the central bank can and will fix … Read more
by confoundedinterest17 Fed Chair Jerome Powell is singing “Take it easy.’ The Federal Reserve risks stoking the same sort of asset bubbles that Chairman Jerome Powell has linked to the last two recessions with its new-found eagerness to fan inflation. The Fed’s surprise pivot away from any interest rate increases this year has boosted prices of stocks, … Read more
via gold.org: Holdings in global gold-backed ETFs and similar products rose slightly in March by 3 tonnes(t) to 2,483t, equivalent to US$183mn in inflows. Global assets under management (AUM) fell by 1.6% in US dollars to US$103bn over the month, driven by the 2% decline in the price of gold during the same period. Global gold-backed … Read more
by hyousef333 Beer Business Delivers Double-Digit Net Sales and Operating Income Growth for FY19 Company Generates Record Operating Cash Flow Signs Agreement to Sell Portion of Wine & Spirits Business to E. & J. Gallo Winery Achieves fiscal 2019 reported basis EPS of $17.57 and comparable basis EPS of $9.28, an increase of 53% … Read more
WASHINGTON (Reuters) – U.S. President Donald Trump may feel he is “stuck” with Federal Reserve Chairman Jerome Powell, whom he has blasted for engineering four interest rate hikes since Trump appointed him, but none of Trump’s other Fed appointees has stood in the way of the tightening campaign and at least one has said even … Read more
via business-review.eu: Romanian senators adopted a draft law introduced by PSD leader Liviu Dragnea and senator Serban Nicolae to force Romania’s National Bank (BNR) to bring almost all of Romania’s gold back from reserves being held at the Bank of England in London, according to profit.ro. The supporters of this project say that the BNR should no … Read more
via MarketWatch: U.S. corporate earnings in Europe hit a record $284 billion in 2018 As investors have kept a laser focus on U.S.-China trade negotiations and hope that a resolution can give the global economy a much-needed shot in the arm, at least one strategist says markets may be overlooking a bigger risk: European economic … Read more
https://www.youtube.com/watch?v=NV7xPQePP2E GOP senators alert Barr to allegations that Mueller team misrepresented emails https://www.foxnews.com/politics/gop-… Shortly before Special Counsel Robert Mueller filed his report on the Russia investigationlast month, Sens. Chuck Grassley, R-Iowa, and Lindsey Graham, R-S.C., alerted Attorney General Bill Barr to what they described as the “selective” use of emails in Mueller court filings — as … Read more