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U.S. Second-Quarter Growth Revised Down to 2% Pace From 2.1% (Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trump’s trade actions are weighing more heavily on the … Read more
Ex-Pentagon chief Mattis says bitter politics threatens nation… WASHINGTON (AP) — Former Defense Secretary Jim Mattis is warning that bitter political divisions threaten American society, saying he views “tribalism” as a greater risk to the nation’s future than foreign adversaries. The retired Marine general, who resigned in December 2018 in a policy dispute with President … Read more
JACKSON, N.J. (CBS) – A new roller coaster is coming to Six Flags Great Adventure, and it’s expected to shatter three world records! The park says the Jersey Devil Coaster will be the “tallest, fastest and longest single rail coaster.” The ride will tower 13 stories, at speeds up to 58 mph and take riders soaring over 3,000 … Read more
by TFittonJW My “one minute” response to the IG report in the meantime: Have no fear, Judicial Watch will keep up the heavy lifting…
by Michael Snyder We haven’t seen this sort of seismic activity on the west coast in a very long time. Last month, two monster earthquakes in southern California were followed by thousands upon thousands of aftershocks, and the shaking still hasn’t stopped. Scientists tell us that the San Andreas fault is “locked and loaded” and that … Read more
by WARREN MOSLER Back down: Highlights After jumping sharply in June, pending home sales sank sharply in July, falling 2.5 percent which is well below expectations. Yet the 105.6 showing for the index is nevertheless among the best showings of the last year. Today’s results will hold down August forecasts for existing home sales which … Read more
Darpa is often described as the “mad science” wing of the Defense Department. They’re the ones who have a history of working on cutting edge technology for the military like virtual fences, disaster relief robots, and the invention of the internet itself. They even tried to build Skynet in the 1980s. But Darpa sent out a tweet today that’s … Read more
https://www.youtube.com/watch?v=DXkiKD8zidc President Trump put it this way via Tweet: “Perhaps never in the history of our Country has someone been more thoroughly disgraced and excoriated than James Comey in the just released Inspector General’s Report. He should be ashamed of himself!” And that’s all that will happen. Yet again.
Apple apologizes for letting contractors eavesdrop on Siri’s sex recordings Sorry we’ve been eavesdropping on your sex life. Apple on Wednesday apologized to its users for employing third-party contractors to listen to audio recordings picked up by its Siri voice assistant, including when the voice assistant program was accidentally triggered by muffled background noise. The … Read more
by WHITE GLOVES The mayor of Livermore California explains Trump’s popularity and success. This is perhaps the best explanation for Trump’s popularity. Marshall Kamena is a registered Democrat and was elected mayor of Livermore, CA. He ran on the democratic ticket as he knew a Bay Area city would never vote for a Republican. He is … Read more
Not any less credible than mainstream I’d say Hope they stay safe, considering stakes are high you know h/t Gorgol
via Zerohedge: The pound sterling has lost nearly 10% of its value in the last 120 days, as a no-deal Brexit has become more likely. The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, has fallen into a bear market in the same period. Fear is spreading across the United Kingdom, also … Read more
A team of researchers from China and Austria teleported three-level quantum states, also known as kutrits. The results of the study are published in the journal Physical Review Letters. For the first time, scientists were able to successfully conduct such an experiment. Physicists were able to prove that kutrits have a unique opportunity to exist … Read more
by The Phoenix President Trump is worsening the trade war between China and the US in order to force the Federal Reserve to ease monetary policy. Before proceeding, I want to stress that none of the following is meant to be political analysis. I’m NOT saying I like any of this. I’m merely pointing out what … Read more
Chinese military vehicles have been seen moving across the border into Hong Kong, in what the military said were regular troop movements, as fears rose that the city could see a Beijing-led crackdown after months of political unrest. Following witness reports of the movements in the early hours of Thursday, state-run news agency Xinhua released a … Read more
by Simon Black Every morning here in Puerto Rico, I wake up around 6am as the sun rises over the ocean in front of my house. And I pretty much head straight to the gym. Once there, one of my favorite medieval torture devices is a fairly new exercise bike called a Peloton. In case … Read more
by visualcapitalist Warren Buffett is famous for his wit, and will likely go down in history as one of the most quotable and influential investors of all time. With this week marking his 89th birthday, we thought it was a good time to highlight the 25 best Warren Buffett quotes accumulated through his lengthy and prestigious … Read more
by Egon von Greyerz The world is now standing before a seminal moment and virtually nobody can see it. There has not been a more critical moment in the last 50 years than what we are now facing. In 1971, the world faced a similar situation. At that time, only the Chinese understood the consequences … Read more
by howmuch Since the 1940s, housing prices have soared to new levels. According to the U.S. Census Bureau, the median home value in the U.S. was $30,600 in 1940 (adjusted for inflation). By 2017, that number was $193,500. Not surprisingly, as housing prices increase, so does the amount of mortgage debt that a homebuyer must take on in … Read more
