WELL, THIS STINKS: Hospital laundering fails to kill diarrhea spores, study finds.

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via upi: Hospital bedsheets cleaned in commercial machines with industrial detergent at high disinfecting temperatures failed to remove all traces of a bacteria that causes infectious diarrhea in a new study. Researchers concluded linens could be a source of infection among patients, and those infections could spread to other hospitals because the Clostridium difficile isn’t removed. … Read more

Expected Return on $2 Powerball Ticket

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via AnalyticsProf: (source) http://www.lottoreport.com/ticketcomparison.htm Powerball tickets sold and advertised jackpots from after the rule change (2015-today). I couldn’t find data for the number of winning tickets per draw. (tools) MS Excel and probability. I still use the Poisson distribution to predict the number of winners based on the actual tickets sold for that drawing (each point is an … Read more

Howard Marks – The Seven Worst Words in the World

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by itsmyst For those of you who haven’t read Howard’s latest memo, here’s the link. https://www.oaktreecapital.com/insights/howard-marks-memos I wanted to ask a question or possibly spark a discussion pertaining to market crashes. I would also like to state that I am NOT trying to prophecize a greater depression esque market crash. I am asking an open ended … Read more

How a $500 Investment Turned into $60 Million

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I was reading the book Buffettology and came across this story of Rose Blumkin (aka Mrs. B). She was the founder of Nebraska Furniture Mart. Warren Buffett and Berkshire Hathaway eventually purchased this company and it’s still profiting for them today. Rose Blumkin was the founder of Nebraska Furniture Mart who sold the business to … Read more

“We might be heading to the largest economic crash in human history, whose aftermath would not spare any corner of the global economic order”

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Authored by Tuomas Malinen via GnSEconomics.com, Market liquidity is crucial for well-functioning capital markets. There has been a quite lot of talk about diminished market liquidity and the role of machines in it (see, e.g. Q-review 4/2017, this and this). These are worrying developments. However, while market liquidity is crucial for markets, global financial flows, i.e. liquidity, is also essential … Read more

Risk has been mispriced for a decade. Only just beginning to reset. The System is in the midst of collapse.

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This is Global. System wide. Risk has been mispriced for a decade. Only just beginning to reset. The System is in the midst of collapse. https://t.co/8ml1OsQHkV — Paranoid Bull (@paranoidbull) October 20, 2018 https://twitter.com/OccupyWisdom/status/1053700248768524290 why is the global auto industry plummeting? pic.twitter.com/H46X0AmIgd — Alastair (@StockBoardAsset) October 20, 2018 https://twitter.com/OccupyWisdom/status/1053690402958643205 the sell-off isn't over until everyone … Read more

RAISE YOUR HAND IF YOU’RE SURPRISED TO HEAR THIS. Poverty in the U.S. Was Plummeting—Until Lyndon Johnson Declared War On It.

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via fee.org: Yet again, government intervention hurts those it is intended to help. ne of the more elementary observations about economics is that a nation’s prosperity is determined in part by the quantity and quality of labor and capital. These “factors of production” are combined to generate national income. I frequently grouse that punitive tax policies discourage capital. There’s … Read more

Booms & Busts: Tech Stocks & Real Estate in San Francisco Bay Area

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter And now the biggest boom of all. The Nasdaq has dropped 8% from its intraday high on October 1, and now the real estate industry in the San Francisco Bay Area has its collective eyes fixed on it because there is an uncanny dependency on tech stocks. The cause-and-effect relationship between … Read more

At least 17 dead, 132 injured after train carrying 366 passengers derails in Taiwan’s north-eastern Yilan county

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A train derailed along a touristy coastal railway in north-eastern Taiwan on Sunday (Oct 21), killing at least 18 and injuring some 170 others in the island’s deadliest rail accident in 27 years, Taiwanese authorities and media said. The train, Puyuma Express 6432 with 366 passengers on board, went off the tracks between the Dongshan and Suxin stations in … Read more

Don Lemon – Worst Journalist of the Year?

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https://www.youtube.com/watch?v=nQ51P4St7EY Enraged at the news of an impending Trump/Kanye West summit at the White House, an angry lynch mob stormed the CNN studio in New York and took over live on air, proceeding to spew racist rhetoric and hate speech on Don Lemon Live until the klan rally was mercifully cut short by CNN’s own … Read more

Ohio Democrat Senator Sherrod Brown Accused of Sexual Harassment – Media Is Totally Silent!

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In case you had any doubts about the leftist media…one more example. ” The mainstream media is unsurprisingly silent on recent allegations of abuse levied against Democrat Senator Sherrod Brown of Ohio. Congressional Democrats are going to have to take a break from providing cover only for Keith Ellison to now bury any potential blemish … Read more

BREAKING: Honduran migrant caravan resumes its march from Mexico to the US

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#BREAKING Honduran migrant 'caravan' resumes from Mexico to US: AFP reporter📷 @PPardo1 pic.twitter.com/j6fPAsdfc0 — AFP Photo (@AFPphoto) October 21, 2018 they should be getting closer to the US border by the day.   Migrant caravan re-forms in Mexico, with members vowing to reach U.S. CIUDAD HIDALGO, Mexico — Despite Mexican efforts to stop them at the … Read more