Doctors took a newborn baby from her parents after they refused a vitamin K shot for her. Now the couple is suing the hospital and DCFS.

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by Oof_too_Humid Medical establishment & government are working zealously to appropriate parental rights and to impose nonessential medical procedures. Illinois DCFS had a policy that if parents refused Vitamin K shots for their newborns, the child would be taken immediately & returned only after investigation. Here’s the kicker: the policy had already been rescinded but they … Read more

Playing with the Facts to Fool the Majority

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by Martin Armstrong QUESTION: What do you say about the difference between corporate socialism and democratic socialism. Thank you. Its all the buzz among those supporting Senator Elizabeth Warren. LP ANSWER: This is a very clever way of excusing the core issue. The Democrats preach raising taxes and then sell loopholes to the big corporations. The bankers … Read more

WHAT IS HIDDEN IN THIS BILL: GUN CONTROL?: Senate Passes House Democrats’ Last-Minute Spending Package

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The Senate passed a spending package Thursday, put together by Democratic leadership in the House in order to avoid a government shutdown at the end of September. The Senate passed the package with 82 votes, with 15 Republicans voting no. The spending package, introduced by House Appropriations Committee Chairwoman Nita M. Lowey, is a continuing … Read more

You’re Footing The Bill For Bankrupt Shale Driller

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Authored by Nick Cunningham via OilPrice.com, A wave of oil and gas wells abandoned by bankrupted drillers could cost the U.S. government hundreds of millions of dollars. A new report from the U.S. Government Accountability Office (GAO) studied oil and gas wells drilled on federal lands, and found that the public could get stuck with a significant … Read more

All Of Wall Street’s Horses & Men Could Put Flying Unicorns Together, Again

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via NYT: This was supposed to be the year when America’s biggest start-ups would finally make their triumphant debut on the stock market. Billionaire Silicon Valley investors, sneaker-clad founders and button-down bankers all expected enormous stock sales to turn companies like Uber, Lyft and WeWork into a new generation of corporate giants. It hasn’t quite turned out … Read more

Be silent or prepare for consequences – There is a silencing that pervades U.S. politics and its mainstream echoing media chamber.

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by The_In-Betweener With certain issues there is an automatic suppression of taboo subject matter, dissenting ideas and of critical thinking individuals. The systematically disappeared. https://www.sentinel-standard.com/opinion/20190926/letter-be-silent-or-prepare-for-consequences There is a silencing that pervades U.S. politics and its mainstream echoing media chamber. With certain issues there is an automatic suppression of taboo subject matter, dissenting ideas and of critical … Read more

Should You Sell Your Home to Pay off Debt?

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Debt can be a real thorn in your side — especially high-interest unsecured debt, like credit card balances and medical expenses. When compound interest keeps driving up how much you owe, sometimes it feels like you’ll never be able to escape your debts.   So, you start considering more drastic options.    You might even … Read more

Nearly out of Cash, WeWork Shifts into Shrink & Survive Mode

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter House cleaners come in, halt all new leases, dump side businesses, sell corporate jet, lay off thousands, purge “Adam’s posse” – in just two days. WeWork is fighting for survival. It’s burning through so much cash that it needs billions of dollars pronto. The collapsed IPO dream has cut off the money pipeline … Read more

Miami Real Estate Is About To Collapse… This is About Condos, and it Would Be Funny if it Weren’t so Serious

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter On the surface, Miami’s condo market is in trouble. But beneath the surface, “the whole system is jammed up.” Signs have been piling up that the Miami condo market, where luxury towers are still sprouting like mushrooms, is getting into serious trouble. This has not yet made its way into the … Read more

So many loss-making companies are IPOing, and I find myself fascinated by their ultimate path to profitability- and if they can ever get there.

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by laik72 I just read a great article about how things got so bad at WeWork prior to the IPO, it was beyond Neumann paying himself ridiculous amounts of money or Son Masayoshi making a valuation mistake… it was about deliberate valuation manipulations in order to eventually get public investors to bail them out with an ultimate … Read more

Top ECB Official Resigns After Questioning Stimulus

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FRANKFURT, Germany (AP) — A member of the European Central Bank’s leadership has resigned after publicly questioning the need for the bank’s stimulus efforts, opening an unexpected vacancy on the institutions’ top executive body amid public criticism of its policies by some of its own officials. Sabine Lautenschlaeger’s resignation comes amid criticism in her native … Read more

The Failure of the Welfare State: The Case of Argentina and Brazil

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via mises: The idea of a “third way” in economic policy has fascinated politicians, scholars, artists, and the voters around the world. Surfing this wave, the welfare state has spread quickly in recent decades. Some even say that Nordic countries are the definitive evidence that it is possible to deliver a prosperous and egalitarian society through … Read more

Repo Meltdown Shows Budget Deficit Has Limits… Narayana Kocherlakota: “It does signal that something’s very wrong with the financial system.”

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Repo Meltdown Shows Budget Deficit Has Limits (Bloomberg Opinion) — The repo market madness lives on for a ninth day. The Federal Reserve Bank of New York announced Wednesday that it would increase the size of its next overnight system repurchase agreement operation to a $100 billion maximum, from $75 billion previously, and also raise the … Read more

Huge Drop In Consumers Saying Jobs Are Plentiful

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via UPFINA: In the week of September 21st, the Redbook same store sales growth rate fell from 5.4% to 5.2%. That’s still very strong growth; the tariffs haven’t slowed spending. As the chart below shows, it will face very tough comparisons in December. Notably, it strayed far from retail sales growth in that month as December … Read more

SoftBank is planning to double down on WeWork with $1.5 to $2.5 billion dollars

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https://www.ft.com/content/7465729e-dfdb-11e9-b112-9624ec9edc59 SoftBank is in talks with WeWork to increase a $1.5bn investment… SoftBank is considering promising an extra $1bn or more to change the terms of a warrant agreement it struck this year with WeWork… A recut deal would see SoftBank invest at least $2.5bn, but would reduce the price per share at which it … Read more