300+ ‘Predator Priests’ Named In PA Grand Jury Report

  PITTSBURGH (KDKA) — The long-awaited state grand jury report into sexual abuse in six Pennsylvania dioceses, including Pittsburgh and Greensburg, has finally been released. The 884-page document, two years in the making, shines a light into the dark corners of these dioceses going back seven decades, exposing the predators and the efforts of their … Read more

The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued, Debt Crises Ensue

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%. On Monday, Argentina’s central bank responded to the currency chaos in Turkey and other sections of the Emerging Markets, including the ongoing collapse of the Argentine peso: It raised its policy rate by five percentagepoints to 45%. Argentina’s … Read more

Boston-Area Mayor Launches Boycott of Sam Adams, One of His Area’s Biggest Employers and Brands, Because the Owner Said Positive Things About the Trump Tax Cuts

Watch the latest video at foxbusiness.com It may be beer-time somewhere, but you won’t see one Boston-area mayor sipping on a Massachusetts staple anytime soon. The mayor of Somerville, Massachusetts, Joseph Curtatone, is boycotting Sam Adams after co-founder Jim Koch praised President Trump’s tax cut plan at a dinner in New Jersey last week, saying … Read more

KAROL MARKOWICZ: The media’s blatant hypocrisy — even about media-bashing.

via nypost: Welcome to the age of self-congratulatory media. “Democracy dies in darkness” goes the ridiculous tagline on The Washington Post’s front page. Reporters openly call themselves heroes and firefighters. Yet when it doesn’t fit the standard left-wing narrative, our Guardians of the Galaxy are MIA. On Sunday, the Unite the Right II rally of white … Read more

I’M SORRY, BUT ALL THE BEST PEOPLE HAVE ASSURED ME THAT THIS IS IMPOSSIBLE:

Trump’s foreign policy is actually boosting America’s standing. A story is supposed to have  two sides, but there is only  one when it comes to President Trump’s foreign policy. Most American media treat his every effort as a savage assault on a harmonious world order. Whether it’s the trade dispute with China, his pushing North … Read more

When taxpayers tire of subsidizing this sort of thing, we’ll be told that it’s because of “anti-intellectualism.”

HIGHER EDUCATION BUBBLE UPDATE: Identifying the Real Haters on Campus. While radical feminism in the 1960s called for challenging existing gender roles and abolishing what the feminists saw as the pervasive patriarchy that permeated social institutions, churches, politics, and schools, today’s radical feminists call for the elimination of men. In an offshoot of the #MeToo movement, … Read more

Gowdy: ‘Unbelievable’ That DOJ’s Bruce Ohr ‘Would Insert Himself Into an Ongoing Investigation’

via CNSNews: Members of the House Oversight and Judiciary Committees will return to Washington on August 28 to hear what Bruce Ohr, a high-ranking Justice Department official, has to say about his connection to the Steele dossier, which apparently launched the Trump-Russia investigation. Ohr’s wife Nellie worked for Fusion GPS, which hired Christopher Steele to produce … Read more

Deutsche Bank shares crumble

https://www.investing.com/equities/deutsche-bank Under 9. Crosses that mark and then we may be in for trouble. DB is exposed to Turkey, but not as bad as banks in Spain. Yet with all of DB’s troubles, who knows what they really have on their books and where…   h/t KEK

California Supreme Court: Loans with 200+ percent interest rates are ‘unconscionable’

via sfgate: California law strictly limits interest rates on loans of less than $2,500, and sets no numerical ceiling on interest for higher loans. But rates on loans for $2,500 or more can nevertheless be so oppressive — or “unconscionable” — that they violate the law, the state Supreme Court ruled Monday. In a class-action suit … Read more

The financial elite are not allowed to show You this chart

the financial elite are not allowed to show You this chart pic.twitter.com/NwEIT5pzJ6 — Alastair (@StockBoardAsset) August 14, 2018 China's growth slowdown has nothing to do with trade tariffs but now they have a convenient excuse for it to the masses pic.twitter.com/RydkGB2cn0 — M/1_LP (@MI_Investments) August 14, 2018 China slowdown and a currency crisis would have … Read more

1997 Asian financial crisis – Thailand > Malaysia > Indonesia > South Korea > Russia debt default > Long Term Capital Managament…derivative implosion, economy on brink of collapse.

https://twitter.com/OccupyWisdom/status/1029339254030299136 What we have witnessed in Emerging Markets is simply a continuation of what we saw with Equity Vol and very briefly in Italy. It is also the part of the same thing as the Crypto and Chinese equities corrections. The Unwind is underway. Markets are beginning to normalize. — Paranoid Bull (@paranoidbull) August 13, … Read more

Trump Signs Massive Defense Bill: Biggest Pay Raise For Soldiers In Nine Years

via dailywire: On Monday, President Trump signed the National Defense Authorization Act, or NDAA, a bill authorizing an increase of over 15,000 troops as well as a long-overdue pay raise for soldiers. The military spending package includes $717 billion for national defense in the next fiscal year, according to the White House. The additional soldiers will be … Read more

As California BURNS A Scientist Blasts Media’s ‘Misinformation’ About Global Warming and Wildfires

https://www.youtube.com/watch?v=kuXpJBj7MdM The Western Journal reports, With wildfires engulfing over 620,000 acres of California, there’s been a concerted media campaign to single out man-made global warming as the primary force behind the deadly blazes Read More/Source/Credit/FairUse: https://www.westernjournal.com/scient…

Glass-Steagall would have saved us

by Randy_Newman1502 A popular idea that has taken root in people’s imaginations is that “Glass-Steagall” would have “saved” the United States from the vagaries of the financial crisis. My objective here is to argue that it would have done no such thing. Now, I fully understand that it is extremely difficult to argue a counterfactual (what would have … Read more

What kind of effects would the climb to a nationwide $15 minimum wage have on the US economy?

by ARIZaL_ McDonald’s bun are made in Ontario, California.. but 14.4 million buns per week using “a handful of workers” so if we say wow man, that must be employing 30 workers at minimum wage, and we double their salary.. that’s an $8,700 increase across 14.4 million buns.. that’s a cost increase of $0.0006 per bun. See, … Read more