Breaking news, updates, and reports on current events.
This article was written by Dave Kranzler and originally published at Investment Research Dynamics Will GE be the proverbial “black swan?” – It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody’s downgraded GE’s short term credit rating to a ratings level (P-2) that … Read more
What could ever go wrong? via Reddit: Greetings, r/Libertarian! I want to let you know about an experiment we’re launching in r/Libertarian today. It’s a governance tool based on reputation, as a more federated way to make community decisions. Introducing… Community Points and Polls! The magic of Reddit happens when users have the space and control to be … Read more
by DCG Streets of Sacramento… Liberal utopia of Sacramento… Progressive-run west coast cities have become a magnet for the homeless. The demorats encourage illegal and disgusting behaviors by not enforcing laws. The bureaucrats do nothing to actually solve their homeless problems; they just react to the situations they helped create. See the following: Liberal utopia … Read more
By Harry Dent I just got back from Australia… A five-city tour: Sydney, Perth, Melbourne, Adelaide, Brisbane… I was gone for 11 days… eight on the ground. And man! What a trip. Never mind the endless travelling or the horrific jetlag… This was one of my best tours yet; and a particularly unusual one because … Read more
NYT: GE, Tesla, Snapchat, under accounting investigations Companies that lag their peers sometimes cut accounting corners to make themselves appear stronger than they really are. But is the risk of getting caught worth it? The recent news that the Justice Department and Securities and Exchange Commission are looking at the accounting and disclosures of General … Read more
by Dennis Miller The Federal Reserve is raising interest rates. Higher rates = higher monthly payments = more defaults. Who will get stuck with bad loans? Wolf Street recently interviewed Mike Jackson, CEO of AutoNation, the largest auto retailer in the country: “We knew ‘free money would inevitably end. Affordability would become an issue…’ The double whammy are … Read more
via CNBC: In recent months, the benchmark fed funds rate has drifted in line with the interest on excess reserves, which the Fed uses as a guidepost for the funds level. Fed Chairman Jerome Powell said the committee may have to approve a 20 basis point hike in the IOER rate to try to hold … Read more
by Thinker My friends we may see justice soon. Emily Birnbaum for the Hill reports, President Trump on Wednesday morning shared an image calling for his opponents to face trial for “treason,” with many of them behind bars. THEY FAKED”EVERYTHIN!” JUST LIKE TRUMP HAS BEEN SAYING! https://youtu.be/ZacYZ_U4j3Y “You Are Just A TV Guy!” Fmr. Security … Read more
If you’ve never heard of this group, that’s probably because it appears to be another left-wing hit-and-run smear machine. This one is aimed at the Alliance Defending Freedom (ADF), the evangelical legal defense group that has won nine Supreme Court cases in its work on behalf of the First Amendment. The most recent of those … Read more
by Kenneth Boyd of CPA Accounting Institute for Success It’s no secret that tax law in the United States is extremely confusing. Even the length of the official tax code is subject to wild speculation; people estimate it to be somewhere between 2,500 pages and four times the length of the complete written works of Shakespeare. … Read more
Three Senior Executives at Defense Contracting Firms Charged with Scheme to Defraud the U.S. Military in Connection with $8 Billion Troop Supply Contract and with Violating the Iran Sanctions Regime “Three men were charged in an indictment returned Nov. 27 for their roles in a scheme to defraud U.S. Military contracts in Afghanistan, engaging in … Read more
Honeywell International, Inc. confirmed Friday it is moving its corporate headquarters from Morris Plains to Charlotte, North Carolina, but that most jobs — at least for now — will remain in New Jersey. The planned relocation comes just three years after the company received a $40 million tax credit to keep its headquarters in New Jersey, in … Read more
by Fabius Maximus Summary: By now most Americans see the need for drastic political reform in America. This post explains why nothing happens (the usual stories are wrong), and how we can take the first step to fixing the Republic. It’s not what you expect. “If ye love wealth better than liberty, the tranquility of servitude … Read more
JOURNALISM: Plus, as Ben Rhodes noted, they literally know nothing: h/t GR
NPR has now amended their completely botched story about Don Jr’s testimony to the Senate in 2017. UPDATE (FROM GLENN): It’s playing badly. Journos complain about Trump undermining trust in journalism. But the problem isn’t what Trump says about journalists, it’s what journalists do. h/t SG
by Jesse Colombo I’ve shown many charts over the past few weeks, so I wanted to use today’s post to update them after the Fed’s Jerome Powell took more of a dovish tone regarding upcoming Fed Funds rate hikes, which caused stocks and other risk assets to rally in relief. Surprisingly, none of the important technical … Read more
via moneymetals: Learn Why CNBC & Bloomberg Have Banned Our Special Guest Michael Pento… https://s3.amazonaws.com/ILB_MS_BUCKET/ILB-181130-WeeklyMarketWrap.mp3 DOWNLOAD MP3 Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Michael Pento of Pento Portfolio Strategies joins me for a conversation you will not want to miss. Michael weighs … Read more
via Jim Kunstler: Watergate had tragic Shakespearean overtones, with Nixon as King Lear, but Russia-Gate — perhaps the last gate America goes through on its giant slalom run to collapse — is but a Chinese Fire Drill writ large. The reason? In 1973, we were still a serious people. Today, the most lavishly credentialed elite in … Read more
by John Ward Although the outcome of the Brexit saga remains opaque, the time has come to see it as a symptom of a much bigger trend. I continue to feel that sovereign withdrawal from the EU is nothing like as important or risky a change as the Fifth Remainers Column insist – not least because … Read more
via Jeremiah Johnson: Now is a good time to reassess yourself in terms of physical fitness and where you are. You have about a month and a half to get into good habits (if you haven’t already done so) before the usual load of body-emulsifying fats of the holidays are pumped in your direction. If you … Read more