CHICAGO PUBLIC SCHOOLS OUST ALMOST 130, INCLUDING 9 TEACHERS, OVER CRIMINAL BACKGROUND CHECKS

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via chicagotribune: Nearly 130 Chicago Public Schools employees have been terminated, recommended for dismissal or simply resigned amid scrutiny following an enormous review of worker backgrounds prompted by a Tribune investigation this year. That group of employees includes nine teachers, 35 people classified as classroom aides and an unspecified number of people the district lists as substitute or … Read more

Will record business debt trigger a financial crisis? And what will it do to stocks?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Total US business debt has surged to $32 trillion, three times as big as household mortgage debt, and over twice as big as total household debt. In 2008, the $10 trillion in mortgage debt was one of the factors that triggered the Financial Crisis. So when this business debt blows up, … Read more

Illegal immigrants are reportedly storming the U.S. border from the Mexican city of Tijuana right now.

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https://twitter.com/BreakingNLive/status/1066783003836329987 As President Trump said: ”Mexico should move the flag waving Migrants, many of whom are stone cold criminals, back to their countries. Do it by plane, do it by bus, do it anyway you want, but they are NOT coming into the U.S.A. We will close the Border permanently if need be. Congress, fund … Read more

Facebook & Google could face huge fines in Russia over future legal violations – report

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Moscow may start imposing hefty fines on tech giants, including Google and Facebook, over failing to comply with Russian legislation. The new fines will reportedly be equal to one percent of a firm’s annual revenue in the country. Russian authorities are planning to amend the current legislation to implement the measure, according to unnamed sources … Read more

$714 Billion Have Gone Up In Smoke: Bitcoin Plunges to $3,738; Whole Crypto Scam Melts Down, Hedge Funds Stuck

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter itcoin plunged to $3,738 at the moment. Down nearly 40% from two weeks ago, and down 81% from peak-mania of $20,078 on December 17, 2017. It’s back where it had first been on August 12, 2017. It looks like a magnificent bubble that is imploding, but “bubble” is a misnomer; it’s … Read more

Aircraft Leasing Bubble in Trouble?

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Alarming signals are coming from an unlikely place, the market that the industry long touted as an engine of infinite growth. By MC01, a frequent commenter, for WOLF STREET: In 1990, leased aircraft accounted for 15% of airline fleets. By 2017, the overall fleet of aircraft had ballooned, and within this much larger overall fleet size, … Read more

The Two Paths to Collapse

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by Charles Hugh-Smith The very structure of our systems guarantees their failure once conditions change beyond their limited ability to adjust. As a general rule, there are two paths to collapse: gradual erosion and sudden crash. The two are intertwined, of course; in most cases, the system slowly loses vigor, resources, efficiency, etc. (erosion) which leaves … Read more

Facebook is going down in flames

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UK Parliament seized internal documents related to Facebook’s privacy and data decisions. No one is going to like what the sausage factory actually does to make money… https://www.theverge.com/2018/11/25/18111007/uk-parliament-seized-internal-facebook-documents-app-developer-six4three-cambridge-analytica The UK Parliament used a rarely-used procedure to compel an app developer to seize a number of internal Facebook documents related to the company’s decision-making process preceding … Read more

Is Deutsche Bank CRASHING?! – Bank Is Not Long For This World

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Josh Sigurdson talks with author and economic analyst John Sneisen about the latest news revolving around Deutsche Bank whose shares continue to see new lows. Of course this year, they have taken the task upon themselves to revert to a holding company, write their living will, they’ve been downgraded, they’ve been switching around management and … Read more

Market outlook: most market’s around the world are falling. What’s next

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by Troy The U.S. stock market has made a 61.8% bounce and now retested its lows, which is the standard pattern for these fast 10%+ corrections. “Drop, pop, and slop” Source: Investing.com Now that the stock market has almost retested its exact October 2018 lows, what’s next? The economy’s fundamentals determine the stock market’s medium-long term … Read more

Visualizing the Poverty Rate of Each U.S. State

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via visualcapitalist: How many people live below the poverty line in states across the country? Today’s interactive map comes to us from Overflow Solutions, and it visualizes the percentage of people living in poverty across the United States over the time period of 2008-2017. U.S. POVERTY RATES TODAY To start, we’ll look at the situation using the … Read more

Catherine Austin Fitts – Government Taking Massive Amounts of Money Dark, We are Living with Maximum Uncertainty

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Financial expert Catherine Austin Fitts says, “I don’t know why the government is shifting massive amounts of money out of the U.S. government and out of the U.S. economy and taking it dark.” Fitts says, “Right now, we are choking on secrecy as a society. If you look at all the people who got it … Read more

Attritional strategy: Washington state wants to apply ERPOs to minors, prove you have no firearms in the family home

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by DCG Just another way for the gun grabbers to confiscate guns from law-abiding citizens. From MyNorthwest.com: Prosecutors in Washington are looking to expand the state’s Red Flag laws to include minors. Red Flag laws – or Extreme Risk Protection Orders (ERPOS) – are civil orders that allow judges to temporarily suspend a person’s gun rights, even … Read more