ANTISOCIAL MEDIA: Facebook Was Fully Aware That Tracking Who People Call and Text Is Creepy But Did It Anyway.

via gizmodo: The business team wanted to get Bluetooth permissions so it could push ads to people’s phones when they walked into a store. Meanwhile, the growth team, which is responsible for getting more and more people to join Facebook, wanted to get “Read Call Log Permission” so that Facebook could track everyone whom an Android … Read more

CHANGE? A lawsuit is asking the Supreme Court to overturn a Massachusetts rule that prohibits companies from campaign contributions while exempting unions from similar restrictions.

via freebeacon: The pro-free market Goldwater Institute and Massachusetts Fiscal Alliance petitioned the high court to review the Massachusetts Supreme Judicial Court’s unanimous ruling approving campaign finance restrictions placed on for-profit businesses. The state court ruled in 1A Auto, Inc. and 126 Self Storage, Inc. v. Sullivan that the law did not infringe on the First … Read more

Stealth Moves Behind The Scenes, Investigations, Control Moves To Senate

Mueller cannot find Russian collusion. Comey testifies behind closed doors and refuses to answer question or says he can’t remember. Does admit dossier was not verified. House Chair Nadler will end investigation, Senate was the target. Trump nominates Barr, stealth move to put all eyes on Barr which will allow Whitaker to work behind the … Read more

The Conflicting Forces of Modernism: Kafka and Kierkegaard

by Charles Hugh-Smith We seem to be heading into a confrontation between the two forces of Modernism: the primacy of the individual versus the increasing technological and economic might of the central state. In Kafka’s Nightmare Emerges: China’s “Social Credit Score” (May 7, 2018), I wrote about Kafka’s vision of a bureaucratic nightmare emerging in China’s “Social … Read more

The West Coast Housing Bubble Bursts Even Without Tech Bust, which is still to come.

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The biggest housing markets of the West Coast — the Seattle metro, the San Francisco Bay Area, and the Los Angeles and San Diego metros — went through phenomenal price inflation over the past few years, with prices having shot way past their highs of Housing Bubble 1, before it imploded. … Read more

10 out of the 13 the stock market was already in a bear market…. Russell 2000 looking weak.

https://twitter.com/OccupyWisdom/status/1071472937138614272 https://twitter.com/OccupyWisdom/status/1071570254730530817 Breaking down this support would virtually eliminate near-term potential for $SPX $ES_F to be saved & trigger the boxed scenario (in red) targeting 2189 pic.twitter.com/zymyBhbZYO — mcm-ct.com (@mcm_ct) December 8, 2018 $SPX going back 20 years. Red circles when 50 day crossed below flattish 200 day. Not a bullish sign obviously. We'll see … Read more

The World Is Nearing The Point Where Global Central Banks Would Inject A Bunch Of Credit Into The Global Economy – If That Does Not Happen – Then Hard Landing Is Likely

IMHO:1) Dollar in range of past 5 years2) 2018 was global synchronized growth, now synchronized slowdown3) EM face massive maturity wall in USD 19 and 204) Commodities collapsed All = Run away from EMs into a deflationary slowdown with massive $ denominated maturities ahead — Daniel Lacalle Official Account (@dlacalle_IA) December 8, 2018 https://twitter.com/MacroTechnicals/status/1071475282421403648 1881 … Read more

HSBC, Longtime Money Launderer for Terrorists, Implicated in Huawei/Iran Fraud

WASHINGTON (Reuters) – Chinese telecoms giant Huawei Technologies Co Ltd’s chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe. The United States has been looking since at least 2016 into … Read more

People’s Bank of China Advisor Says China Should Start Planning for Bailout Now

(Bloomberg) — People’s Bank of China adviser Ma Jun has probed the economy for triggers of financial turbulence, and proposed measures including direct bailouts of enterprises and bank re-capitalization should a crisis hit. Property bubbles, local government contingent debt, the heavy reliance on land sales for financing or the shadow banking sector could set off … Read more

GE Cuts Previously Legendary Dividend, Once a Retirement Income Lifeline, to a Penny

It’s second dividend cut announcement this year for the beleaguered company. GE’s stock is down by nearly 60 percent this year. General Electric made its painful dividend cut official on Friday, with the company’s board of directors authorizing the payout to be cut to just a penny a share. GE first announced in late October it … Read more

How Poorly Worded English May Have Just Freed Almost All Banks From Volcker Rule Regulation

  via yahoo: A few double negatives buried in legislative text may have inadvertently freed nearly all U.S. banks from a regulation known as the Volcker Rule, which sought to curb risky behavior in response to the 2008 financial crisis. The text in question comes from a package bill passed in May that pared back portions of the … Read more

“Europe is not free, because freedom begins with speaking the truth.” Hungary’s PM(video)

“Europe is not free, because freedom begins with speaking the truth. Today in Europe, it is forbidden to speak the truth… Europe is under invasion, countries that don’t stop [Islamic] immigration will be lost…” https://youtu.be/EbINrdyAXlE http://grainoftruth.ca/wp-content/uploads/2018/12/Listen-to-Hungarys-PM-Viktor-Orbán-Speak-G0Ds-Words.mp4?_=1   http://grainoftruth.ca/listen-to-hungarys-pm-viktor-orban-speak-g0ds-words/

Nigel Farage unveils plan to form new party to fight ‘biggest battle yet’ for independence from EU

Nigel Farage has said it is his “destiny” to fight for Brexit as he unveils his plans to launch a new political party to fight next year’s European Parliament elections if the Government delays Britain’s exit from the European Union. Talks have been going on for a number of months about his new party but … Read more