Layers of editors and fact-checkers

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via Twitter: As it turns out, Pothoven was allowed by her family to starve herself to death, which is hardly a good thing. But she was not, as the English-language media reported, put to death under Dutch law. That’s a huge, inexcusable miss for the press.   h/t SG      

When The World Comes To An End In 2050, Will Vice Be Around To See It?

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● Shot: New report suggests “high likelihood of human civilization coming to an end” in 2050. —Tweet by Vice.com, Monday (link safe, goes to Twitchy.) ● Chaser: Vice.com Lays Off Senior Editors in Shakeup: The company is also still doing its best to emerge from lingering #MeToo fallout after a scathing New York Times investigation into Vice’s workplace culture. The story culminated … Read more

Green New Steal

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My colleagues at CEI have a new video out explaining how the carbon tax – one of the cornerstones of the Green New Deal – will cost average American families a bundle. They have much more on the subject here.     h/t IM

Home Flippers Cashing Out

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(Bloomberg) — Here’s one consequence of the slowing U.S. housing market: Home flippers are heading for the exits. Homes that were resold within 12 months after being purchased made up 7.2% of all transactions in the first quarter, the biggest share since the start of 2010, Attom Data Solutions reported Thursday. Meanwhile, the average return … Read more

Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies

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This article was originally published at Zero Hedge Just one month after conducting joint military exercises, Russia and China are set to sign an agreement which would boost the use of their national currencies in bilateral and international trade in an attempt to mmove away from the current dollar-denominated financial system, according to Russian state-owned news outlet TASS. It … Read more

How Connecticut’s “Tax On The Rich” Ended: Middle-Class Tax Hikes, Lost Jobs, More Poverty

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Authored by Orphe Divounguy, Bryce Hill, Suman Chattopadhyay via IllinoisPolicy.org, In the past 30 years, just one U.S. state has adopted a progressive income tax: Connecticut. It made the switch from a flat income tax in 1996, phasing in the progressive income tax over three years. The results were disastrous. And they should halt, or at least caution, Illinois … Read more

Meet The Couple Who Scammed Warren Buffett Out Of Over $300 Million

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via Zerohedge: DC Solar was once the “business” that allowed Jeff Carpoff, his friends and business associates to live the high life, according to Bloomberg. Unfortunately, as Warren Buffett found out the hard way, it was all one big “ponzi type scheme”. The company’s purported business of making mobile solar generators was so good that it even enticed Warren Buffett’s … Read more

Is the Tech Bubble Bursting?

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by Charles Hugh-Smith There are two other trends that don’t attract quite the media attention that soaring profits do. Is the decade-long tech bubble finally popping? Tech bulls are overlooking the fundamental reality that the drivers of Big tech’s phenomenal growth–financialization and expansion into mobile telephony– are both losing momentum. A third dynamic–Big Tech monetizing privately … Read more

What Collapsing Orders for Heavy Trucks – Down 71% from a Year Ago – Say about the U-Turn in Trucking

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “When times are tough, the thinking switches to the short-term. Many fleets are just fighting for survival.” Orders for Class-8 trucks – the heavy trucks that haul a large part of the goods-based economy across the US – plunged by 71% in May compared to May last year, to — as FTR … Read more

A Timeline of U-Turns from the Chinese Market

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by visualcapitalist China’s economic surge is one of the biggest stories of the 21st century. Hundreds of millions of people have been lifted out of poverty, and China’s swelling middle class has attracted the interest of Western companies. As many American companies have discovered, doing business in China is far from straightforward. Recent history is littered … Read more

Crucial US Service Sector Growth Sends Conflicting Signals

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The “yeah but” shows up again. The services sector, which accounts for about 70% of the US economy – the biggest segments being finance and insurance, healthcare, professional services such as architects, engineers, and lawyers, and information services such as telecom and data processing – has been growing at a fairly … Read more

Illinois Turns To Gambling And Weed Amid Hopeless Financial Picture

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via Zerohedge: Democratic Illinois governor J.B. Pritzker thinks that the solution to fixing Chicago’s struggling, blood-soaked streets is legalizing marijuana state-wide and opening a giant casino in Chi-Town, according to Bloomberg. “We’re putting our fiscal house in order,” said Pritzker in a Tuesday interview. “Nothing’s going to be fixed overnight, but we’ve made significant progress. And honestly, I really believe that we … Read more

Another UK Outsourcing Giant Teeters, Collapsed Shares Add to Woes of Woodford Fund that Just Froze Withdrawals

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Kier shares are one of the biggest holdings of Woodford Equity Income fund. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. UK construction and services giant Kier Group, with 20,000 employees, is on the ropes after issuing a profit warning, amid worries about its debt, that sent its shares spiraling down 40% on Monday … Read more

YOUTUBE PURGES ‘HATE’

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Washington (AFP) – YouTube announced Wednesday it would ban videos promoting or glorifying racism and discrimination as well as those denying well-documented violent events, like the Holocaust or the Sandy Hook elementary school shooting. The announcement by the Google-owned video-sharing platform was the latest of a series of tech industry moves to filter out hateful … Read more

David Morgan: There’s no place else to go but gold and silver … Peter Schiff: Rate cuts will stimulate inflation not the economy …

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BY JOHN RUBINO Dan Oliver: The next panic will take the dollar down and not up … Why Julian Assange is a hero, not a criminal … Marin Katusa: Governments fear deflation more than anything else … David Morgan: There’s no place else to go but gold and silver … Peter Schiff: Rate cuts will stimulate … Read more

Pelosi Tells Dem Leaders She Wants To See Trump ‘In Prison’

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via Zerohedge: As we’ve previously explained, Nancy Pelosi has been desperately searching for an excuse to avoid starting impeachment proceedings against President Trump (that is, until Dems are certain they have the popular political support to justify trying to remove him from office). Earlier this week, the Speaker of the House added what we saw as a novel … Read more

Mass Censorship Hits Youtube In Wake Of The Vox Steven Crowder Battle

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UPDATE: The Mass Censorship has dramatically escalated after the publishing of this video. Stay Tuned For An Update at Youtube.com/Timcastnews at 6pm Mass Censorship Hits Youtube In Wake Of The Vox Steven Crowder Battle. Following Youtube’s defense of Steven Crowder they announced a mass purge of content as well as the restriction of ‘borderline’ content … Read more