Collins: This is a cynical, mean-spirited step by Nadler’s committee against Barr, who went above and beyond what was required by law. Nadler is asking him to break the law.

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In his opening statement before the House Judiciary Committee’s contempt vote against Attorney General Bill Barr, ranking member Rep. Doug Collins questions why lawmakers are moving 10-times faster than they did with Attorney General Eric Holder. #FoxNews   Jim Jordan: House Democrats are trying to destroy Barr   The push to hold William Barr in … Read more

How Much You Have to Invest to Open One of the Top 20 Franchises

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by howmuch There are an estimated three quarters of a million franchises in the U.S. alone. While most people think of franchising in terms of fast-food restaurants, the U.S. Census Bureaunotes that a number of other industries including fitness, beauty, and automobiles also rely on a franchise model to generate business. Our latest visualization illustrates how much it … Read more

Oops, we counted wrong 30 billion yuan in cash.

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So sorry guys. via bloomberg: One of China’s largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling and heightening concerns about the quality of accounting in a country that has become a fast-growing part of global investment portfolios. Kangmei Pharmaceutical Co., a producer of traditional Chinese medicines, said … Read more

How the Composition of Wealth Differs, from the Middle Class to the Top 1%

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by visualcapitalist Just as household wealth varies greatly across the population, the composition of that wealth changes as well. Simply put, the person next to you at the grocery store will likely have a much different asset mix than, say, Warren Buffett. Today’s chart breaks down the differences in the composition of wealth between middle income, upper … Read more

NSA gets hacked trying to hack China

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Hackers from a 2017 cyber-attack used tools allegedly lifted from the NSA by Chinese intelligence agents, says a new report. Investigative journalist Ben Swann discusses the findings with RT America’s Manila Chan https://youtu.be/90g99wTKg9Q h/t failed_evolution

Social Media’s Endgame

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by bch2478595   Ultimately what started out as open platforms for ideas, collaboration, and dissent have devolved into curated echo chambers where independent thought is wholly unimportant. The only true purpose of these platforms now are for some entities to push narratives, and other entities to induce consumption through clandestine means, meanwhile, users stay happily entwined as imaginary points … Read more

History shows paying someone, virtually anyone, to manage your money is a huge scam.

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Trying to pick in advance which funds will be among the few that beat the market has proven just as difficult. Morningstar’s famed star ratings have a poor track record of picking winning funds. Brokerage accounts advised by financial advisers achieve lower net returns and inferior risk-return tradeoffs than self-directed accounts.2 Even the expensive investment … Read more

The Dangers Beyond the China-U.S. Trade War

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By Harry Dent U.S. markets have had a bad week. After reaching all-time highs recently – the Dow at 26,656.39 on April 23 (not quite new high), the S&P 500 at 2,945.83 on April 30, and the Nasdaq at 8,164 on May 3 – they’ve spent the last three days in the red. Monday, the Dow shed as much as 1.8% before … Read more

Much Ado About Nothing

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by Jim Quinn The left wing MSM is breathlessly reporting Trump’s massive losses from 1985 through 1994. They seem to have no concept of how the US tax code works. Trump is a real estate mogul. When you own real estate, you are entitled to huge depreciation write-offs on your tax returns. Big tax losses … Read more