Republican Senator Josh Hawley is set to unveil legislation that could make social media platforms susceptible to lawsuits for political bias

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enator Wants Facebook, Google to Face Suits If They Show Political Bias Technology platforms such as Facebook Inc. and Google’s YouTube could face a flood of lawsuits unless they can demonstrate their treatment of users’ content is politically neutral, under a measure that U.S. Senator Josh Hawley’s office said he would offer Wednesday. The proposal … Read more

This Hong Kong economist has a great theory of what the overall objective of Trump/Lighthizers trade escalation with China is about.

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I’ve followed her for a while and she’s really sharp, definitely knows her stuff. I think she maybe onto something with regards to the overall grand strategy Lighthizer has put together to confront China. And what the administrations ultimate objective may be. via @Trinhnomics: 1) What is Trump’s ultimate game? RECIPROCAL TRADE & INVESTMENT. Pissed off … Read more

Beyond Meat is now larger than 80 S&P 500 companies, but IPO euphoria might not last

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Beyond Meat has blown up. Since going public in early May, the stock has raced nearly 600% higher, taking its market cap above $10 billion. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy’s, Xerox and Mylan. While Beyond Meat is by far the market’s biggest IPO success story this year, it’s not the only … Read more

The Most Splendid Housing Bubbles in Canada, May Update

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Vancouver housing bubble sags. Toronto down 3.4% from peak. Calgary and Edmonton back to 2007. Montreal sets new record. National index ticks up the least for any May in 21 years of data. Home prices across major metros in Canada ticked up 0.5% in May from the prior month, the slowest … Read more

Dear Central Bankers: Prepare to be Swept Away in the Next Wave of Populism

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by Charles Hugh-Smith The political moment when the “losers” connect their discontent and decline with central bankers is approaching. The Ruling Elites’ Chattering Classes still haven’t absorbed the key lesson of the 2016 U.S. presidential election: the percentage of the populace that’s becoming wealthier and more financially secure in the bloated, corrupt, self-serving Imperial status quo … Read more

1,000 Earthquakes In 3 Weeks? Oh Yeah, Those Living Near The San Andreas Fault Definitely Have Reason To Be Concerned

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by Michael Snyder In a key seismic zone approximately 40 miles east of downtown Los Angeles, there have been more than 1,000 earthquakes since May 25th.  Needless to say, it would be quite alarming for the entire state of California to experience more than 1,000 significant earthquakes in just 3 weeks, but in this case … Read more

Brick-and-Mortar Meltdown Gets Costly for Big Retailers, and Results May Vary

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Ecommerce and the globalization of retail crush distribution channels, wholesalers, local retailers, large retailers, prices, and margins.  Transcript of my podcast on Sunday. You can listen to my podcasts on YouTube. Walmart, Macy’s, Best Buy, Home Depot, Nordstrom, etc. — they all spend vast sums of money building out their ecommerce sites and their … Read more

Bernie Sanders Economics DEBUNKED! – Nothing Is Free

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Josh Sigurdson reports on the “Economics Bill Of Rights” put forward by Bernie Sanders, the Presidential hopeful and Senator from Vermont who we recently confronted for his support of the USSR in the 80s. Interestingly, his new “Economics Bill Of Rights” almost entirely copies the 1936 Soviet Constitution. In this video we break down the … Read more

U.S. Steel Plants Are Going Idle, But The Fed Continues To Perpetuate The Myth That Everything Is Just Fine

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by Michael Snyder Even though there is a tremendous amount of evidence to the contrary, the Federal Reserve continues to insist that the U.S. economy is in good shape.  On Wednesday, Federal Reserve Chair Jerome Powell told the nation that “the economy has performed relatively well” in 2019 and he insisted that “the baseline outlook is a good … Read more

Mannarino: The Fed Is About To Go Nuclear!

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TradersChoice.net, Released on 6/19/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more