You’re being held accountable for the sins of the system
by WarSanchez You are being nickle and dimed, taxed, and fined into poverty. It’s a system made to skirt any real responsibility by those who lord over you. When will we stand up to this?
Softbank lost $600 million on Uber
SoftBank backed Uber in early 2018, buying shares from existing investors for $48.77 a piece and purchasing new shares at just under $33. On Tuesday, Uber fell to a record low, closing at $30.70 a share, and leaving SoftBank deeper in the red. Because of a review by the U.S. Treasury Department, SoftBank still doesn’t … Read more
Norway’s Fund Wants to Add Up to $100 Billion in U.S. Stocks
Norway’s wealth fund proposed overhauling its global holdings, calling for a shift away from Europe in a move that would allow it to boost its U.S. stock investments by as much $100 billion and take a larger chunk of the biggest technology companies. In a letter sent to the Finance Ministry released on Tuesday, the $1 trillion … Read more
China and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce
https://www.cnbc.com/2019/09/05/china-and-us-agree-to-meet-in-october-for-trade-negotiations-chinese-state-media.html BEIJING — China’s Ministry of Commerce said Thursday that the leaders of the U.S. and Chinese trade talks held a phone call in the morning and agreed to meet in early October for another round of negotiations. Liu He, China’s top negotiator on trade, spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary … Read more
73% Of Republican Students Have Withheld Views In Class Fearing Grades Would Suffer
Authored by Jennifer Kabbany via The College Fix, “I’m a conservative, but my essays are very liberal…” A survey of 1,000 Republican and Republican-leaning college students has found that nearly three-quarters of them have withheld their political views in class for fear their grades would suffer. The online poll was conducted in late August exclusively for The … Read more
“Big Short” Investor Michael Burry Explains How Index Funds Will Trigger The Next Crash
via Zerohedge: After years of radio silence, Dr. Michael Burry – the small-time stockpicker who rose to fame for his bets against subprime mortgage bonds featured in the book (and later film) “the Big Short” – is once again doing the media rounds, talking about his latest equity plays and sharing his thoughts about the next big … Read more
India & Russia ditching dollar
https://www.youtube.com/watch?v=GO8wJ5yjztQ Prime Minister Narendra Modi of India and Russian President Vladimir Putin have announced plans to conduct their countries’ rapidly accelerating bilateral trade in national currencies (rupees and rubles) instead of the US dollar, which remains the world’s reserve currency. “Boom Bust” co-host Christy Ai joins News.Views.Hughes to discuss the details.
Will Everything Change in 2020-2025 or Will Nothing Change?
by Charles Hugh-Smith Any domino-like expanding crisis will unfold in a status quo lacking any coherent response. Longtime readers know I’ve often referenced The Fourth Turning, the book that makes the case for an 80-year cycle of existential crisis in U.S. history. The first crisis was the constitutional process (1781) following the end of the Revolutionary War, … Read more
THE TRUTH HURTS: Chicago Mayor Enraged at Ted Cruz for Telling the Truth About Gun Violence in Her City.
via pjmedia: It’s totally understandable that Chicago Mayor Lori Lightfoot is touchy about gun violence in her city. The city is a shooting gallery with citizens little more than clay pigeons. Last weekend was a typical holiday weekend in Chicago: 7 dead, 41 shot. Lightfoot’s answer to the violence? More gun control, of course. Senator Ted Cruz … Read more
Bloomberg’s Hit Piece On Trump Official Is Why Americans Distrust The Media.
via thefederalist: In other words, Penn admitted the entire point of his reporting was to get a Trump appointee fired. In the article, Penn explained that Olson was part of the administration’s efforts to draft wage-hour regulations, which, one assumes, Penn opposes on ideological grounds. That’s probably why Penn was combing through Olson’s Facebook history in … Read more
News articles floating a 25-50 BP rate cut for the feds FOMC meeting sept. 17th!
Its been the talk for 2 months. Its being expected. The market will be breathing down thier necks waiting for that hit of easy money. If those monitoring are right, we will see the long end of the curve drop respectively https://www.ccn.com/dow-jones-analysis-9-4-2019/ https://www.cnbc.com/2019/09/04/feds-bullard-says-aggressive-step-is-needed-to-align-fed-with-markets-insure-against-trade-war.html 2 articles for your time h/t mr. jingles
China Bullying South China Sea Waterway – All 10 Countries from ASEAN Joining Maritime Naval Exercises As Result
It says something when you have “all 10 countries” from ASEAN joining these drills. First US-ASEAN joint maritime drills kick off as Washington beefs up presence in South China Sea The United States and 10 Southeast Asian nations were set to kick off joint maritime naval exercises Monday, including drills in the disputed South China … Read more
The Rally is Almost Over, Next Comes the Big Drop
by The Phoenix With this morning’s breakout, stocks (blue line) have finally moved to within spitting distance of their upside target as predicted by the credit markets (black line). Now comes the nasty part. China’s stock market has already shown us where things are heading. The Trade War is only going to worsen. And US markets … Read more
Atlanta Fed Pares GDP To 1.7%… Greenspan: Negative Rates Coming…
Alan Greenspan says it’s ‘only a matter of time’ before negative rates spread to the US “You’re seeing it pretty much throughout the world. It’s only a matter of time before it’s more in the United States,” Alan Greenspan says. There is currently more than $16 trillion in negative yielding debt around the world as … Read more
SLAP ON WRIST: YOUTUBE $170 million penalty for collecting data on kids… GOOGLE Accused of Secretly Selling User Info… More than 30 states looking at antitrust probe
Google’s YouTube to pay $170 million penalty for collecting data on kids WASHINGTON (Reuters) – Google, which is owned by Alphabet Inc (GOOGL.O), and its YouTube video service will pay $170 million to settle allegations that it broke federal law by collecting personal information about children, the Federal Trade Commission said on Wednesday. YouTube had … Read more
AMAZON tests WHOLE FOODS payment system that uses hands as ID
Forget the titanium Apple Card — Amazon’s latest payment method uses flesh and blood. The e-tailing giant’s engineers are quietly testing scanners that can identify an individual human hand as a way to ring up a store purchase, with the goal of rolling them out at its Whole Foods supermarket chain in the coming months, … Read more
STUDY: NY, NJ Worst to Drive in
Between the traffic and the expenses associated with having a car, driving is a necessary hassle for many people. A recent study confirmed what many in New Jersey and New York hold to be true – driving is a major headache. WalletHub took a look at the 100 largest cities in the country across 30 … Read more
Flores becomes 15th House Republican to announce plans to exit chamber… TROUBLE in Texas
Rep. Bill Flores becomes 15th House Republican to announce plans to exit chamber WASHINGTON – Rep. Bill Flores, R-Texas, on Wednesday became the latest House Republican to announce plans to retire at the end of his current term, saying he wants to spend more time with his family and resume private-sector business activities. “After much … Read more
Social Credit Score To Determine Who Can Buy Gun? AMAZON Echo And APPLE Watch Would Flag Neuropsychiatric Violence
TRUMP ADMINISTRATION CONSIDERING SOCIAL CREDIT SCORE SYSTEM TO DETERMINE WHO CAN BUY A GUN White House considers new project seeking links between mental health and violent behavior https://t.co/EhrsWcgfyw — The Washington Post (@washingtonpost) August 22, 2019 The Trump administration is considering launching a social credit score-style system in coordination with Big Tech that would use … Read more
When Losing is Winning in Germany for AfD
via tomluongo: Germany held the first two of three important state elections over the weekend. And the results were striking. Leading up to the elections polls had the current opposition party in the Bundestag, Alternative for Germany (AfD), neck and neck with the ruling parties in both Saxony and Brandenburg. Chancellor Angela Merkel’s ruling coalition was battered … Read more