Breaking news, updates, and reports on current events.
The economy itself is slowing down. Markets remain supported by quantitative easing. Is complacency acceptable after what we saw throughout 2018 as well as in the Financial Crisis? All throughout 2017, there was a foolproof strategy. Buy anything and everything and you will see profit. No problem. Too easy. Then 2018 came and the … Read more
Josh Sigurdson and John Sneisen break down the absurdity of Alexandria Ocasio-Cortez’s comments and why they’re not only no rooted in reality but also incredibly coercive and historically terrible. Ocaio-Cortez who can better be described as an idealistic 12 year old who doesn’t quite understand how money work despite going to university for that very … Read more
Phil LeBeau for CNBC reports, Boeing is coming closer to making its flying taxis for Uber a reality with its first successful test flight. https://www.youtube.com/watch?v=ybJKxLtYQ38 Read More/Source/Credit/FairUse: https://www.cnbc.com/2019/01/23/boein…
But online sales are hot, now at 20% of total retail. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. It’s a confusing picture. A monthly survey of retailers published by the Confederation of British Industry (CBI) indicated that just 4% of retailers reported good sales volumes for January, whereas 41% said they were poor, giving a … Read more
via Bloomberg: The U.S. government produces data—a lot of data, from figures about the economy to steel to crops to commodity trading. And the partial federal shutdown has slowed the flow of data to a trickle, thanks to the closure of various agencies. That makes things difficult for the many people who depend on such … Read more
via outline: Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs Indebted borrowers increasingly take out high-interest, adjustable-rate loans that are packaged into securities and sold to investors eager for a better rate of return. Everything’s fine while the economy is growing. But when it slows, those borrowers could … Read more
by throwaway38 This is a response to a post I read here the other day where someone said they had became so obsessed with their finances, and working overtime, that they no longer found joy in any of their hobbies. While it is obviously important to be fiscal, have an emergency fund, and save for … Read more
by hammertime84 Marginal tax rates and potential confusion around them have been in the news a bit lately. I’d never actually seen the effective rate and marginal rate plotted together this way and it worked out well. I used the single-filer rates, and assumed the only deduction being used is the standard deduction. I also … Read more
via businessinsider: The US housing market took a dark turn in 2018 as homebuying fell off a cliff and mortgage lenders saw a steep decline in applications, originations, and profits. Interest rates are partly to blame for the slide in housing, but that’s only half of the equation, according to analysts. It’s too soon to panic, … Read more
by AssaultOfTruth Evidently a lot of people still do not understand how annual bonuses work. Now, there are multiple ways they work, but in a lot of cases, such as mine, such as a guy I know who just gave notice this week to his employer, they work like this: In the first couple of … Read more
via ktla: A man among a group of migrants detained in a desolate part of New Mexico near the border with Mexico has been diagnosed as infected with flesh-eating bacteria, the U.S. Border Patrol said Friday. The man was taken to a hospital in recent days after telling a federal agent that he had a growing … Read more
by DCG You can never hear enough about these types of happy endings… From St. Louis Post-Dispatch: A homeowner shot and killed one of three men trying to break into a St. Louis home late Wednesday, police said. Police received a call for help about 11 p.m. from a home in the 3900 block of Alberta Street, … Read more
by Amy S. Several nations, including China and Russia, are building powerful nuclear bombs designed to produce super-electromagnetic pulse (EMP) waves capable of devastating all electronics—from computers to electric grids—for hundreds of miles, according to a newly-released congressional study. According to The Washington Free Beacon, the countries have nuclear EMP weapons built into their military plans. A … Read more
The Kremlin loves shadow wars. (bumped) Private military contractors who do secret missions for Russia flew into Venezuela in the past few days to beef up security for President Nicolas Maduro in the face of U.S.-backed opposition protests, according to two people close to them. A third source close to the Russian contractors also told … Read more
There’s another interpretation of QM that doesn’t throw logic out the window – however, it requires the entire wavefunction to be non-local. h/t d8_thc
by OB1_kenobi First, here’s a link that many of you will remember… since the story only dates back to December. https://www.theguardian.com/world/2018/dec/10/venezuela-russian-bombers-maduro And the US took a pretty dim view of Russian assistance and strategic bombers visiting Venezuela. https://www.cnbc.com/2018/12/11/pentagon-knocks-russias-bomber-deployment-to-venezuela-amid-economic-turmoil.html Now, amidst all the chaos and confusion, the opposition leader declares himself President and immediately gets recognition by … Read more
The former longtime political adviser to President Trump is indicted on charges of obstruction, making false statements and witness tampering in the Mueller probe.
by Voluntaryist This is comedic-level banana republic shit we’re seeing here. The Founders would be ashamed of what we’re putting up with. ——- Roger Stone draws the same judge who threw Paul Manafort in jail https://www.bloomberg.com/news/articles/2019-01-25/roger-stone-draws-the-judge-who-threw-paul-manafort-in-jail?srnd=premium Judge has ruled on Benghazi & Fast-and-Furious https://www.bloomberg.com/news/articles/2017-11-02/trump-s-ex-campaign-chief-faces-obama-appointee-on-bench Judge was appointed by Barack Hussein Obama https://en.wikipedia.org/wiki/Amy_Berman_Jackson ——- No conflict of … Read more
Students were quick to blame Trump for the government shutdown… until they learned about the offer he gave Democrats that was shot down. Kinda shows how the Media like CNN and MSNBC can easily manipulate people into joining one side……… and easily be swayed when told the truth. h/t Romax
via CBSNEWS: The Sackler family name is attached to universities and prestigious institutions around the world, from New York City to London to Beijing, but what you don’t often find the name publicly tied to is the pharmaceutical company the family built – Purdue Pharma – and the deadly opioid crisis, which some family … Read more