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Imagine calling a friend. Only instead of hearing a ring tone you hear a police siren, and then a voice intoning, “Be careful in your dealings with this person.” Would that put a damper on your relationship? It’s supposed to. Welcome to life in China’s “Social Credit System,” where a low score can ruin your … Read more
CNBC Television Published on May 14, 2019 Williams-Sonoma CEO Laura Abler explains to Jim Cramer that the furniture retailer foresaw tariff increases on Chinese imports and how they moved operations outside of the country and back to the U.S. AC
District Judges are supposed to issue District wide injunctions, not National Injunctions. But finally that could all be changing soon… Pence says only Supreme Court should be able to block nationwide policies May 8 Vice President Mike Pence said Wednesday that the Trump administration intends to challenge the right of federal district courts … Read more
by magnora7 The mainstream media of course talks about these things in passing, but imagine if they delved in to these topics as much as they do Assange, or Trump. But of course they don’t want to give the citizenry any self-empowering ideas… 1) South Korea had massive 2M+ person country-wide protests lasting 6 months … Read more
On May 11, Rod Rosenstein left the Department of Justice after a distinguished 29-year career. On May 13, it became public that Attorney General William Barr has tasked U.S. Attorney for Connecticut John Durham to look into the origins of the investigations into the Trump campaign. This means Durham will receive the evidence that the … Read more
Guns are deeply rooted within Swiss culture – but the gun crime rate is so low that statistics are not even kept. The country has a population of six million, but there are estimated to be at least two million publicly-owned firearms, including about 600,000 automatic rifles and 500,000 pistols. This is in a very … Read more
Factoring in the central bank’s reserves (608.8 tonne) and an import duty of 10%, the domestic value of the gold stocks at most of the known sources in the world’s second-largest consumer will be even higher. Households in India may have piled up around 24,000-25,000 tonnes of gold, remaining the world’s largest holders of the … Read more
Pointing to tough external events and low rate environment, UBS slashed its price target for Deutsche from 7.80 euros ($7.45) to 5.70 euros. Deutsche faces pressure from investors to trim its investment bank division, especially after the collapse of merger talks with Commerzbank. Shares of Deutsche Bank are down nearly 5% since the start of … Read more
Investors seen flocking to Bitcoin as Tether concern lingers More than $1.7 billlion pulled from Bitfinex, analyst says https://www.bloomberg.com/news/articles/2019-05-15/bitcoi
by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website) The impact that trade wars are having on the flow of billions of dollars of goods and central banks’ monetary policy around the globe appears to have jumped out of the frying pan and into a fire at the town square, as the following chart is a sign that global … Read more
by Ryan McMaken of Mises Institute With the rise of the Yellow Vest Movement in France — which began last October and continues today — French activists and writers have begun to re-evaluate the state of French income and poverty. Since the movement began, articles with titles such as ” Revealed: The shocking scale of poverty in France in … Read more
DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since last year, will save about $600 million per … Read more
Georgetown researchers are warning Americans about a sophisticated real-time face surveillance system that’s about to become an “imminent reality” for millions of citizens across the country. The ‘America Under Watch’ report is a warning that authorities in select US cities may soon be able to pick you out from a crowd, identify you, and trace … Read more
We are expecting a possible Historical Significant Severe weather once every 2 to 6 years of Large Tornadoes for Western Oklahoma and Northeastern Panhandle of Texas. Latest NAM 3km, NAM, and NAM-NEST models are all agreeing on the significant threat for Discrete cyclonic supercells that look to pose a serious threat for Large Tornadoes across … Read more
BY JOHN RUBINO Last year I read an article about the Impossible Burger, a plant-based patty that was supposed to rival the real thing. I called a friend who lives in a neighboring s. They were good. Close to meat in taste and texture and – if the marketing hype was to be believed – produced in … Read more
by Mac Slavo of SHTFplan The Federal Reserve announced Wednesday in a downbeat report that the United States’ industrial production slumped in April. The Fed’s report also included sharp downward revisions for other important segments of the U.S. economy. According to Market Watch, capacity utilization fell sharply to 77.9% from an upwardly revised 78.8%. Most major market groups reported worse production … Read more
by Martin Armstrong This is the winter that does not want to leave. It is still raining and snowing in California, even in May, as reported by the LA Times. We are experiencing a long protracted winter in many areas. This does not bode well for the summer, which also appears to be shorter. If this … Read more
by Harry Dent of Economy & Markets In my Economy & Markets video on Friday, I discussed why the trade deal has been challenging and likely doomed in the end. I also talked about the impact the “sudden” collapse in negotiations has had on the markets. Investors thought a deal was imminent. Now, they see it’s nowhere in sight… and they’re storming … Read more
via washingtonexaminer: For all the screaming about President Trump’s rhetorical attacks on the news media, nothing he has done comes close to what is happening now in San Francisco. Oddly enough, many of the same journalists who have spent the last three years resisting the White House’s supposed war on the newsroom (which, incidentally, has landed … Read more
via realclearinvestigations: “While Washington pols and pundits angrily debate who and what counts as a spy, and whether any such exotic creatures have ever been employed by the FBI, new evidence is emerging that the FBI not only uses spies, but has done so extensively, including in the Trump-Russia investigation.” Related: Victor Davis Hanson on how Brennan … Read more