NEWYORK (Reuters) – Four global banks and five big fund managers called on international regulators on Thursday to require for-profit derivatives clearinghouses to put up more of their own capital to protect against cascading losses that could rock the world financial system. Members of the group, including Citigroup Inc, <C.N> JPMorgan Chase & Co <JPM.N> and BlackRock … Read more
Authored by Mike Shedlock via MishTalk, What’s behind the ever-increasing need for emergency repos? A couple of correspondents have an eye on shadow banking. Shadow Banking The shadow banking system consists of lenders, brokers, and other credit intermediaries who fall outside the realm of traditional regulated banking. It is generally unregulated and not subject to the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire. SoftBank – the Japanese conglomerate that is the late-stage investor superstar behind imploded WeWork, bleeding Uber, and others – is planning to take a $5 billion to $7 billion write-down of its investments … Read more
https://www.youtube.com/watch?v=McxUDKakolY Indeed Harley: Farmers protest in Germany, also in the Netherlands. Thousands of tractors, many places. People are very slowly waking up ! AC
https://youtu.be/kX5xE4DrpoM https://www.congress.gov/bill/116th-congress/house-bill/1111/text
by John Ward Now that global media combine Comcast has aced Newscorp out of any clout in Sky television, our Prime Minister Boris Johnson has lost the unqualified support he has come to expect from Rupert Murdoch. Comcast’s CEO is a confirmed enemy of British independence in particular, and a free internet in general. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ I … Read more
via rushlimbaugh: RUSH: I want to test your knowledge of civics and the Constitution. Let’s pretend, let’s imagine that there is an impeachment trial in the Senate. And, no, I have not forgotten about Republicans and Democrats and panic stories, they’re coming up. Do you know what happens during a Senate trial? The odds are you don’t. Many … Read more
by econimica Since 2007, US federal debt has risen 150% while annual US births (legal and otherwise) have fallen almost 14%. Said otherwise, over the dozen years since 2007, federal debt has increased by $13.8 trillion while 5.2 million fewer births have occurred over the same period than the Census projected. This is probably worth a … Read more
by SubversiveInterloper Source: https://archive.is/cetiW More rabbit hole: The Election Integrity Project California provides a list of 11 California counties that have more registered voters than voting-age citizens. In addition, Los Angeles County officials informed the project that “the number of registered voters now stands at a number that is a whopping 144% of the total number of … Read more
Something very big has just happened! — Donald J. Trump (@realDonaldTrump) October 27, 2019 The United States military has conducted a special operations raid targeting one of its most high-value targets, Abu Bakr al-Baghdadi, the leader of the Islamic State militant group (ISIS), Newsweek has learned. President Donald Trump approved the mission nearly a week before it … Read more
Here’s a finding that should prompt parents to crack down on their kids’ screen time at night: New research shows that close to one-third of American children don’t get sufficient sleep. That lack of sleep makes it harder for kids to learn and to behave well when challenged. “It’s important for parents to recognize the … Read more
via newsbusters: MSNBC hosts used to be fascinated with [Katie] Hill. This year alone, she appeared on MTP Daily with Chuck Todd (January 21), The 11th Hour with Brian Williams (February 5), Hardball with Chris Matthews (May 14), and All In with Chris Hayes (May 22). Suddenly, however, MSNBC journalists seem to have lost interest. Last summer, while filling in for MTP Daily host Chuck Todd, MSNBC’s … Read more
via azcentral: Newsom is apparently unaware that the first $1.07 of every gallon comes from California’s fuel taxes and standards, which are the worst in the nation. Fix that, and the governor could slice his constituents’ fuel budget by a quarter. But that won’t do – the workers actually fueling his state must be to … Read more
About 41% of the global population are under 24. And they’re angry… Aspate of large-scale street protests around the world, from Chile and Hong Kong to Lebanon and Barcelona, is fuelling a search for common denominators and collective causes. Are we entering a new age of global revolution? Or is it foolish to try to … Read more
by Scroofinator Here’s the removed YouTube video, luckily C-SPAN still has it up. At approximately 16 minutes in Gore admits the major uncertainties at the time which are still true to this day: We can’t model the clouds We don’t know the magnitude of warming We don’t know the time frame of impacts Bonus: Gore was using “consensus” … Read more
by SubversiveInterloper It’s guaranteed that the Chinese are pushing the Democrats to impeach. They’re losing $billions in the Trump trade war. As president, Bill Clinton essentially wiped out any strategic advantage the U.S. had by selling advanced U.S. missile technology to our enemy, the People’s Republic of China. That “administration’s voluntary release of … Read more
LOS ANGELES — California’s biggest utility admitted its electrical equipment may have ignited a ruinous wildfire spreading over the state’s wine country Friday, despite blackouts imposed across the region to prevent blazes. The disclosure came as firefighters simultaneously battled flames in both Northern and Southern California: the fire amid Sonoma County’s vineyards, and a wind-whipped … Read more
