Middle East Tanker Insurance Rates Soar 10-Fold

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By Irina Slav Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC reports, quoting the chief executive of a shipping company. The news could reinforce anticipation of higher oil prices, not because of fundamental … Read more

Amazon Employees Need Food Stamps To Live

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US citizens live in a country where the rich use the media outlets they own (film, tv, radio, the msm in general) to subtly and sometimes not-so-subtly tout the virtues of the economic system used here and convince the 99% that “Things are great, citizen!” even though that very system makes the rich richer while … Read more

Trump’s Education Department resolves nearly twice as many civil rights complaints as Obama’s

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via washingtonexaminer: The Department of Education on Wednesday released new data showing that it has resolved nearly twice as many civil rights complaints as the Obama administration, a direct rebuttal of complaints from liberal civil rights groups that it has turned a blind eye to the issue. What’s more, the department’s Office for Civil Rights has … Read more

Government Bullies

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via John Stossel The city of Dunedin, Florida, wants Jim Ficken’s home. Ficken’s mom died, so he went to South Carolina to take care of her estate. He asked a friend to look after his house. But then the friend died, and no one cut Ficken’s grass. When it grew to 10 inches, Dunedin officials started … Read more

Millennial couple in Kansas needs help making ends meet on $500,000 a year

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via MarketWatch: Let’s just say sympathy is in short supply. In an example of extreme American consumerism, one anonymous man, using the handle Slavikfill, claimed to be seeking tips on how to stretch his household income of $500,000 a year when he posted his since-removed budget on Reddit. “My wife and I are in our early thirties. We live … Read more

MAJOR weather HAPPENING IN NEW ORLEANS

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NEW ORLEANS — Thousands of Entergy customers are without power as a strong line of storm moved over the metro New Orleans-area Wednesday morning. As of 10 a.m., the Entergy New Orleans outage map reports 8,319 customers in Jefferson Parish and 10,558 customers in Orleans Parish are without power. https://www.wwltv.com/article/news/local/thousands-without-power-in-jefferson-orleans-parishes/289-d0b29e90-d496-4c81-942b-f9357372cd38 https://twitter.com/BayouPhilosophy/status/1148947367875567616 WHOA!! Lightning is so INTENSE in … Read more

Joe Biden Has EPIC FAIL Explaining His GENIUS Taxpayer-Funded Healthcare For Illegals

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https://www.youtube.com/watch?v=nfrT0H3PXjk 100% Fed Up reports, Joe Biden is like all the other politicians…he’s a flip-flopper. He raised his hand at the Democratic debates to say he’d give healthcare to illegals, but now he’s trying to backpedal and rephrase what he said. In true Biden style, he dug a deeper hole for himself! Read More/Source/Credit/FairUse: https://100percentfedup.com/watch-joe…

BET Founder Bob Johnson: Democrat Party Has ‘Moved Too Far to the Left’

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“Appearing Tuesday on CNBC International, BET network founder Bob Johnson told host Hadley Gamble that the economy under President Donald Trump is “doing great” and said the Democrat Party has “moved too far to the left.”” Source: https://www.breitbart.com/entertainment/2019/07/09/bet-bob-johnson-democrat-party-has-moved-too-far-to-the-left/   AC

“We are living longer. The bad news is that we can’t really afford it.” Article in the Independent

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The recent World Economic Forum revealed a survey that suggests men will outlive their retirement funds by 10 years and women by 12. The pressure is on individuals to start saving by age 35 and invest wisely as government and employer-sponsored retirement plans around the world come under strain. Experts say you need €497,000 as … Read more

Today’s Big Idea – UBS thinks there’s one thing that could end the Fed Put and that’s corporate earnings growth falling to a big fat zero.

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What could end the ‘Fed Put’ on the market, or the notion that the U.S. central bank will cut interest rates in response to deteriorating economic data and thereby boost stocks? Francois Trahan, strategist at UBS Group AG, thinks the recent market tendency to interpret ‘bad news as good news’ for risk assets will come … Read more

Google, Amazon, Facebook and Apple will show up at congressional antitrust hearing next week

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via CNBC: Representatives from Apple, Amazon, Google and Facebook will appear before the House Antitrust Subcommittee on July 16. The hearing will focus on “dominant platforms and innovation.” The FTC and DOJ are said to be looking into large tech companies for potential antitrust cases. Representatives from four of the big five tech companies — Apple, Amazon, Google and Facebook — … Read more

No, it’s not just you, New Yorkers and San Franciscans: Urban housing markets all over the world have grown way too expensive

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by SpontaneousDisorder Prediction: after an economic decline cities will not be the desirable place to live, due to unemployment and social unrest. Remember when many parts of major cities like New York and London were considered no-go hell holes?   via MarketWatch: Consider a trendy city, beloved by tourists and home to a thriving economy and … Read more