Everything has gotten so complex that adjustments and reforms simply aren’t going to work. It might be time for a new system.

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via thezman: Anyone who has been through a change in software platforms for their company knows that it starts out as a lot of fun, but then turns into drudgery. Initially, thoughts of all the new stuff and better programs makes it feel like Christmas. Then the reality of going through every single business process of … Read more

Norway’s $1 trillion sovereign wealth fund is getting stricter on the companies it invests in. It said that it expects businesses to “manage the challenges and opportunities related to sustainable uses of the ocean.”

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via cnbc: Businesses should integrate ocean sustainability into strategy, according to Norges Bank Investment Management. Firms should also disclose how ocean sustainability forms part of their strategies, policies and commitments. Norway’s $1 trillion sovereign wealth fund has said that it expects businesses to “manage the challenges and opportunities related to sustainable uses of the ocean.” … Read more

“Pensions Are a Promise,” But Math Drinks Their Milkshake

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via illinoispolicy: According to a new report by Moody’s Investors Service, Illinois’ unfunded pension liabilities equaled 601 percent of state revenues in 2017, a U.S. record. Illinois’ pension debt has set a new record to which no state should aspire. Credit ratings agency Moody’s Investors Service released a report Aug. 27 comparing unfunded pension liabilities across all U.S. … Read more

A decade on from the GFC, the world is less equipped to cope with the next crisis

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via stuff.co.nz: OPINION: London in 2007 and 2008 was a wonderful time and place to be a Kiwi journalist. Everyone knows the term “global financial crisis”, but what defined the crisis was the incredible boom which came before it. As informative as it is, anyone who has read The Big Short or watched the movie adaptation is left with … Read more

Morning Note: ADP Big Miss, U.S. Weighing More Tariffs, EM Stocks Down for 7th Day, Cryptocurrency Turmoil Deepens…

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ADP Big Miss pic.twitter.com/7DeJzHz5Tb — Alastair (@StockBoardAsset) September 6, 2018 https://twitter.com/FerroTV/status/1037634872632860677 The Social Media Bubble Is About To Pop $FB $TWTR $SNAP pic.twitter.com/5bw5DDySH2 — Alastair (@StockBoardAsset) September 6, 2018 Default fears mount for "BATS" as emerging-market rout deepens. #Turkey’s implied default odds climb to highest since 2008. Substantial default risk in #Argentina as well. https://t.co/Mw555cIwur … Read more

The Facebook Exodus Among Millennials Is Massive, Says New Report

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by stockboardasset Americans’ relationship with Facebook has shifted to “It’s Complicated” More than 25 percent of millennials who use Facebook say they have deleted the app from their smartphones in the last 12 months, according to new data from Pew Research Center. About 42 percent of users say they have stepped away from checking Facebook for an … Read more

National Association of Police Organizations calls for boycott of Nike over Kaepernick campaign

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by DCG Race profiteer Colin Kaepernick has an endorsement deal with Nike. It has caused A LOT of debate. The former NFL player is featured in Nike’s “Just Do It” campaign in an ad with the statement, “Believe in something. Even if it means sacrificing everything.” According to NBC: “Kaepernick already had a deal with Nike that … Read more

Voters in Mid-Term Elections Report Watching Their Ballots Mysteriously Switch to Other Candidate

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via thefreethoughtproject: Savannah, GA — A rather shocking, but not surprising report this week out of Georgia reveals the unsettling state of America’s election and voting system. Voters in Georgia are now reporting that after they confirm their votes, they watch on the screen as their ballots mysteriously switch to the opposite candidate. Later this month, … Read more

Construction spending, Trade

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by WARREN MOSLER Highlights A solid rise in residential spending offset a mixed showing for non-housing components and made for a 0.1 percent July rise in overall construction spending to barely come within Econoday’s consensus range. Residential spending rose 0.6 percent but July’s gain was entirely centered in home improvements which jumped 2.1 percent to offset … Read more

Analyzing The Latest Euro Trends

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by Dana Lyons Several key equity trendline tests are underway across the European region. The past few editions of our #TrendlineWednesday feature on Twitter have not exactly been the most intriguing we’ve ever posted. In fact, it has been a challenge at times recently to even find enough candidates to publish the feature. This week, however, is a … Read more

China’s tentacles over America via espionage & funding of D.C. think tanks, university institutes, and retired US military

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by Dr. Eowyn While the Democrats and MSM continue to obsess and rant about the alleged Trump-Russian collusion, for which not a shred of credible evidence has been unearthed after more than a year of special counsel Robert Mueller’s investigation, America is oblivious to the real foreign threat — China. For all its market reforms since … Read more

China Offers $60 Billion to Africa With ‘No Strings Attached’

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via dw: Beijing has promised to invest tens of billions in infrastructure projects across Africa. Both Chinese and African leaders have rejected claims that Beijing is trying to build a “new colonialism.” Chinese President Xi Jinping (above, with Somalian President Mohamed Abdullahi Mohamed) pledged $60 billion (roughly €52 billion) in aid to African leaders during a major summit … Read more

Bankers And Tech Executives Know The Collapse Of Society Is Coming And Are Feverishly Prepping For It

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by Michael Snyder While most of the general population has been lulled into a false sense of security, bankers and tech executives are spending millions upon millions of dollars to prepare for the collapse of society.  Do they know something that the rest of us do not?  Apparently talk of doomsday scenarios has become very … Read more

China-Double Topping At 2007 highs?

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by Kimble Charting CLICK ON CHART TO ENLARGE Did the Hang Seng Index just create a “Double Top” at the same price it peaked in 2007? Let’s investigate! This chart looks at the Hang Seng Index on a weekly basis over the past 15-years. As you can see it peaked in 2007 and then proceeded to lose over two-thirds of its … Read more