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The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. A fresh flash point has broken out between Uber and the highly mobilized taxi drivers of one of its most febrile markets, Barcelona, the … Read more
China’s economy weakened further in July, early indicators show Chart: China’s currency continues to slide and Eurozone: Consensus for growth and inflation show risks ahead
Durable goods disappoints, the people were not purchasing the big ticket items. Spending on homes dropped, existing, new home purchases declined at a time in the summer when they are suppose to be doing well. The bubble is popping, traffic is drying up. Trump wins trade war with the EU, the reshaping of the central … Read more
by Daniel Carter Yesterday, Facebook’s stock plummeted nearly 20% after the company missed earnings. It was the biggest one-day loss in market value of any US-listed company ever. This was truly a frantic and radical repricing. But I can’t say that I’m surprised. The storm clouds have been on the horizon for quite some time. Economist … Read more
Image by iStock.com/annestahl By Ryan McMaken via Mises Wire: As long as I’ve known him, my father has always been the entrepreneurial type. Even now, in his seventies, he picks up side jobs both to keep busy and to have a little extra spending money. Throughout my childhood and youth, he had always been an independent … Read more
by Dana Lyons On a equal-weight basis, the recent stock rally looks less impressive. Stock bulls have had a nice run of it over the past 4 months. Despite the normal protestations by perma-bears, there was not a whole lot to complain about during the recent rally, until perhaps this week. As we’ve looked at the … Read more
by Thinker They put their names on a piece of paper that will incriminate them and show that there ws a clear intent to steal an election. An election that was supposed to end with a Hillary Clinton win and it didn’t to the shock and awe of many who had banked on it. Since … Read more
via thetruthaboutcars: Remember the multi-million dollar corruption scandal involving UAW officials? Apparently, it was even more corrupt than previously reported. While the UAW-Chrysler National Training Center is suing both Fiat Chrysler and the union members involved, recent developments point to the money scheme being greenlit by former UAW President Dennis Williams. As part of a plea agreement filed this week, … Read more
YUBA CITY (CBS13) – A Yuba City man says law enforcement confiscated his money but he didn’t commit a crime. Now he’s fighting to get back tens of thousands of dollars. Yuba City resident Josh Gingerich buys and flips trucks. A recent buying trip to do that cost him a bag of cash which was seized … Read more
by Marshall Swing of The Church of Acts Will the Global Economic Collapse of 2018 happen today? As I have in several articles, I do not know for sure, but all seriousness aside, it is a great time to poke fun at The Bankers, The Politicians, and The Federal Reserve! No one deserves being roasted more than those … Read more
by Dr. Eowyn Is this or is this not an invasion? Ceuta is a Spanish city on the North African coast, one of two Spanish territories in North Africa (Melilla is the other). Ceuta is a hub for African migrants trying to reach Europe. The city has a border fence of parallel 20 ft. wire fences … Read more
by Thinker Who is representing the values and interests of the American people? Where are American soldiers fighting for America, or has it been for the interest of Kellogg, Brown, Root, and Halliburton? Look at your world! Look at the Middle East before and after U.S. invasion…are the people living better lives? No, they’ve been … Read more
From Kitco: Energy consumption, particularly natural gas, is more of a consumer staple than discretionary item, and is thus less likely to be affected by an economic downturn, said Richard Cottee, CEO of Central Petroleum. Continue reading at Kitco…
Let me know what you think of what I would call an “alternative retirement account”. Essentially get paid today and forever on your investments. And also, make preparations like power, food, etc. As far as I’m concerned that’s safer than any 401k/RRSP.
Expect a “Gap” in Arctic ice measurement as ageing satellites are all planned to go down at the same time starting next year. Beyond that strange circumstance, the replacements planned are now on hold as NOAA’s newest launch malfunctioned and all other launches are on hold, which include ice mapping satellites for a gap of … Read more
by Thinker Why is there an attack on the Trump administration, and refusal to reveal documents that have been legally requested? Could it be that they will reveal where some of the trillions the Pentagon has lost went? Americans and pensioners are now getting the wake up call, that those who have been in the … Read more
by DCG At last: Remains of our US soldiers being brought home Please let this be true! It’s a long time coming, way too long. The 55 remains are, hopefully, just a start to bringing home our thousands of dedicated soldiers. From NY Post: North Korea has turned over the potential remains of US soldiers who have been … Read more
Century’s longest ‘blood moon’. https://www.timeanddate.com/countdown/eclipse?iso=20180727 h/t ReoX
via miamiherald: Tiffany Carr runs the state’s top domestic violence organization, a nonprofit that uses public money — state and federal — to finance shelters and other essential services. And she makes a good living. How good? In a June 30, 2017 report, the Florida Coalition Against Domestic Violence disclosed she is paid $761,560 annually, a … Read more
Fox News host Judge Jeanine Pirro spoke about the left’s aim to silence opposition, the Russian collusion investigation, and herbook, Liars, Leakers, and Liberals: The Case Against the Anti-Trump Conspiracy with Breitbart News in Washington, DC, this week. Asked about her run-in with Whoopi Goldberg on ABC’s The View, Pirro says that while she’s past the incident, she believes … Read more