Furloughed US Federal Government Employees are STILL Paid More Than You

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by Ryan McMaken via Mises Wire Whether its CNBC, or The New York Times, or NPR, the mainstream media is clearly committed to using the current partial government shutdown to portray federal workers as beleaguered victims of the American political system. But, in all cases I’ve encountered, these reports neglect to mention that on average, civilian federal workers make … Read more

Europe is Burning

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by Raúl Ilargi Meijer Johannes Vermeer The soldier and the laughing girl 1657  There will be elections for the European Parliament on May 23-26 2019. They will likely change the face of Europe more than anything has done since the EU was founded. That is not some wild prediction. Many European countries have held elections since the … Read more

Democracy dies in double-beef cheeseburgers

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TRUMP TRIGGERS THE LEFTIST FOOD SCOLDS: President Trump [yesterday] hosted the Clemson Tigers NCAA football championship team, and served them fast foodin the Oval Office. Trump really is a genius, because faster than you can say C. Everett Koop, a leftist was triggered. In this case it is David Roberts of Grist and Vox, who writes some really excellent … Read more

The Most Expensive Gas In The World Is Over $15.00 A Gallon

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Here is today’s articles mentioned in this news update: 1. Zimbabwe protests turn violent after fuel prices more than double https://amp.cnn.com/cnn/2019/01/14/africa/zimbabwe-fuel-protests-intl/index.html 2. Print Email Facebook Twitter More Zimbabwe protests turn deadly after petrol prices become most expensive in the world https://www.abc.net.au/news/2019-01-15/zimbabwe-protests-turn-deadly-after-fuel-price-hike/10717892 3. Most expensive gasoline in the world, liter https://www.globalpetrolprices.com/gasoline_prices/World-top10/

Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”

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by Michael Snyder  The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated.  Every single day, the benefits of our labor are going to enrich somebody else.  A portion of the … Read more

“You Don’t Know The Facts” Hirono Calls Trump A Liar Then William Barr Makes Her Instantly Regret It

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https://www.youtube.com/watch?v=EfOApBnB3wE “You Don’t Know The Facts” Hirono Calls Trump A Liar Then William Barr Makes Her Instantly Regret It Today William Barr Hearing took place during which William Barr testify, this took place in senate judiciary committee, where William Barr testimony took place, this is news in politics from William barr senate hearing this is … Read more

Vanguard Holds Half of PG&E’s $920 Million Municipal Bonds, USAA Second Biggest Holder With $86.6 Million

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via Bloomberg: The Vanguard Group holds about $415 million of municipal bonds issued on behalf of PG&E Corp., about half of the $920 million state and local debt sold for the California utility that’s edging toward bankruptcy because of the fallout from devastating wildfires. But all but $2 million of the bonds held by Vanguard are backed … Read more

This is what lenders ALWAYS say at the end of a credit cycle. Countrywide said the same in late-2006.

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via @lebas_janney: Two banks, $C and $JPM have reported increases in loan loss provisions/credit costs. They’re preparing for the credit downturn, even if they don’t say so outright. On the plus side, $WFC followed up with a pretty benign credit story with smaller provisions/charge offs. To be clear, that’s plus side for economy/credit cycle story, not … Read more

Bloomberg: U.S. Will Fail to Release Key Economic Report at Critical Moment

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by WhenLuggageAttacks   Bloomberg article tl;dr – The December retail-sales report won’t be released as scheduled Wednesday while the Commerce Department remains closed. Failure to reopen soon also would delay last month’s personal income and spending data, due by Jan. 31. The delay in government-issued economic releases “introduces a greater degree of uncertainty, which typically isn’t … Read more

Yes, we are very fringe – Americans see themselves in debt forever, even as they continue to borrow

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by cambeiu ​via NBCNEWS: Although shoppers kept credit card machines busy this holiday season, growing evidence indicates that Americans are starting to feel uneasy about the pile of debt to which we continue to add. A new survey from CreditCards.com finds that more than two in five Americans currently carrying debt don’t know when they’ll pay off those … Read more

Massive Debt Among Media Giants Could Cripple Hollywood

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via variety: Randall Stephenson, AT&T’s chairman-CEO, summoned all of his folksy Oklahoma earnestness as he made an enthusiastic pitch to Wall Street analysts about the telephone company’s bold efforts to transform itself into a multimedia powerhouse. It was late November, less than six months after AT&T had wrapped up its $85 billion acquisition of Time Warner. But before Stephenson … Read more

World’s 2nd-deadliest Ebola outbreak reaches 600 confirmed cases

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via ABCNEWS: The second-largest, second-deadliest Ebola outbreak in history has reached 600 confirmed cases in five months, health officials said. Since the outbreak was declared in the Democratic Republic of the Congo on Aug. 1, a total of 649 people have reported symptoms of hemorrhagic fever in the country’s northeastern provinces of North Kivu and Ituri. Among … Read more

Keep Calm and Buy the Dip

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The stock market is wonderful. It’s impossible to lose. You put money in and become rich. I’m not sure why nobody thought of this before except for Warren Buffet, the guy with the Coca Cola. I bought 7 shares of Amazon and now I’m rich. Since the government and the Fed will bail me out, … Read more

Global Warming is All About PRESSURE

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by Martin Armstrong QUESTION: Mr. Armstrong; Isn’t Venus much hotter because its atmosphere is almost 100% CO2? GH ANSWER: No. The atmosphere of Venus is extremely dense. At the surface it is over 800 degrees, this is true. However, the pressure at the surface is the same as if you were 3000 feet under water. It is the density … Read more

Animation: The Entire History of Tesla in 5 Minutes

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by visualcapitalist How did Tesla accelerate from 0-60 mph in such a short period of time? Today’s five-minute-long animation is presented in association with Global Energy Metals, and it tells you everything you need to know about the history of Tesla, including Elon Musk’s vision for the future of the iconic electric car company. WATCH THE VIDEO: … Read more