Credit Suisse Is Preparing For Layoffs As CEO Admits “Something” Needs To Change

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by  Lyman-Zerga Credit Suisse is leading the charge, revealing this week that the investment bank will need less employees on the other side of the coronavirus crisis as a result of lower growth and looming credit defaults. The popularity of online banking has also reduced the need for branches, CEO Thomas Gottstein said. The company’s … Read more

Did the Fed inadvertently become owner of EQUITIES?

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Did the Fed inadvertently become owner of EQUITIES? Consider- The Fed's been buying billions of HYG ETF. HYG owns Hertz bonds (below). Hertz filed Ch 11 bankruptcy. Process typically wipes out equity holders, entitles bondholders to new equity after workout. Just the beginning? https://t.co/Gf8f85d3AR — Rich Kleinbauer (@RMKOutFront) May 25, 2020 Moral Hazard Risks of … Read more

Prepare for a bear market: A bailout does not boost a challenged business model, it just zombifies the economy. A new wave of #volatility is on the horizon…

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Bailing out banks, autos, or airlines will not make them profitable nor change the recent earnings and margin trend. A bailout does not boost a challenged business model, it just zombifies the economy. pic.twitter.com/KefPtyAhae — Daniel Lacalle (@dlacalle_IA) May 25, 2020 https://twitter.com/HaulingWolves/status/1264848117393915905 The supply of #money ‘created’ by central banks is massive, but it’s just … Read more

Weeks after Nigel Farage exposed a legal loophole, that allowed boatloads of migrants to come into Britain, government will seek to close it

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Ms Patel has been described as “furious” about the crisis which was highlighted by Nigel Farage last week and has vowed to put a stop to it. Tensions have also been raised with the French over allegations that their authorities are escorting boats of illegal migrants into British waters from camps in northern France. And … Read more

Whoever Is Elected In November, War Is the Policy

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by Paul Craig Roberts via PaulCraigRoberts.org Exceptional America Believes That the Sovereignty of Other Countries Is Impermissible Unless It Serves Washington’s Interests Secretary of State Mike Pompeo tells us that despite the record of destroying in whole or part eight countries in recent years, the US is a “force for good.”  This is the Trump regime’s version of the … Read more

This is quite a statement by Pakistani military. Some of it can be interpreted as a straight up warning of war with India over Kashmir.

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Wow. This is quite a statement by Pakistani military. Some of it can be interpreted as a straight up warning of war with India over Kashmir. pic.twitter.com/bnPMVO8lyA — FJ (@Natsecjeff) May 24, 2020 https://twitter.com/IntelCrab?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor   Pakistan and China ganging up on India.     h/t Builder

Here we go again – Threat Letter to USA “Taiwan is part of China…avoid engaging in any official contact with Taiwan.”

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China’s Consul General in NYC sent a letter to US officials: “Taiwan is part of China…avoid engaging in any official contact with Taiwan.” #China's Consul General in #NYC sent a letter to US officials: “Taiwan is part of China…avoid engaging in any official contact with Taiwan.”@SecPompeo criticized the letter, saying the #CCP was urging a … Read more

COLLUSION: U.S. Colleges Have Accepted $6 Billion in Undisclosed Donations from Foreign Governments, DOE Probe Finds.

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The Department of Education has discovered at least $6 billion in unreported donations to American universities from adversarial foreign nations, Townhall reported on Friday. The DoE revealed its updates in a May 19 letter to Congress and a subsequent briefing to several ranking House Republicans who are conducting an investigation into the foreign funding of U.S. educational … Read more

TWO CALIFORNIAS IN ONE:

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Shot: 9th Circuit Court: Allowing California Churches to Open Is a ‘Suicide Pact.’ —Headline, Victoria Taft at PJ Media today. Chaser: Northern California Docs See More Suicides Than CCP Virus Deaths. —Headline, Mark Tapscott at Instapundit today.     h/t ED

Joe Rogan now owned by Spotify, which works hand in glove with Tencent, which works with the Chinese Communist Party, which just infected world

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Spotify and China’s Tencent invest in each other as part of ‘strategic collaboration’ Spotify and Chinese tech titan Tencent are investing in each other’s music-streaming services as part of what Tencent president Martin Lau calls a “strategic collaboration.” The reciprocal agreement between Spotify, Tencent, and the latter’s subsidiary Tencent Music Entertainment Group (TME) seeks to … Read more

The California Legislature’s Effort To Bring Back Race And Sex Preferences:

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John Fund believes the Cal legislature’s effort to engineer the repeal of Proposition 209 may be a strategic blunder for Democrats. Unusually high numbers of Asian Americans are neither Republicans nor Democrats. In California, about 40 percent are independents — the classic swing voter. In 2018, their swing to the Democrats was behind the party’s … Read more