Dem states sue over tax overhaul: ‘Unfairly’ targets highly taxed

via wsaz: New York, New Jersey, Connecticut and Maryland sued the federal government over the Republican-led tax overhaul Tuesday, alleging the new law championed by President Donald Trump unfairly singles out high-tax blue states. The lawsuit, filed in the Southern District of New York, was dismissed as a long-shot political stunt by supporters of the new … Read more

How can any reasonable person claim that 17 US intelligence agencies are wrong about Russia hacking the DNC and Podesta?

JK LOL!!! Colin Powell – UN Security Council – Feb 5th 2003 The material I will present to you comes from a variety of sources. Some are U.S. sources. And some are those of other countries. Some of the sources are technical, such as intercepted telephone conversations and photos taken by satellites. Other sources are … Read more

The 5 pillars of debt default

Image by iStock/erhui1979 From Tom Luongo of Gold, Goats ‘N Guns: Regular readers of Gold Goats ‘n Guns know that I’ve been handicapping a major sovereign debt default to begin here in 2018 or early 2019.  But, what do I mean by that? How does a sovereign debt default come about?  And who will default? There are a … Read more

Lawmakers clash with tech over political bias

Lawmakers clashed Tuesday at a contentious hearing over claims that social media platforms and tech companies are biased against conservative viewpoints. Republicans on the House Judiciary Committee said the hearing addressed a serious issue. But Democrats said the hearing, coming one day after President Trump dismissed Russian interference in the 2016 presidential election during a press conference … Read more

EU expected to fine GOOGLE record $5 billion over antitrust abuse

The case relates to the dominance of Google’s Android operating system, which is one of the world’s most popular mobile software systems. The EU has scrutinized that dominance, arguing that Google should look to make competition fairer and allow smaller players in the market to flourish. European Union regulators will slap Alphabet-owned Google with a $5 billion antitrust fine … Read more

Fed Speaks = Another Top?

by SpontaneousDisorder Just thought I’d put this here as an update to a previous post I did. Jerome Powell has testified to congress and the market got excited again. The previous post I made was when the Fed had a meeting and that timed a short term top. The Nasdaq and S&P are bit higher, the … Read more

#JOURNALISM: WRONG: Reporter Deletes Tweet Claiming Russian Spy Was in Oval Office with Trump.

#JOURNALISM: WRONG: Reporter Deletes Tweet Claiming Russian Spy Was in Oval Office with Trump. Talk about getting it wrong. There are mistakes, and then there are mistakes, and this is the latter. On Monday, a woman, Maria Butina, was arrested and charged, federal agents saying she worked as a “foreign agent” who conspired to set up private communications … Read more

Senators: Your Smart TV Might Be Spying On You

by stockboardasset It has been almost 70 years since George Orwell’s dystopian novel Nineteen Eighty-Four was published, but now, some of his forward-looking warnings are starting to be realized in 2018. Take this stunning letter from Senators Edward Markey, D-Mass., and Richard Blumenthal, D-Conn., who told the Federal Trade Commission (FTC) Chairman Joseph Simmons last Thursday that internet-connected … Read more

The United States has spent at least $2.8 trillion on counterterrorism since 9/11 – The task still consumes a sixth of America’s annual discretionary spending

The United States has spent a lot of money on counterterrorism since the 9/11 attacks. But nobody has been keeping good track of just how much, until now. A bipartisan group of national security and budget experts convened by the Stimson Center estimated in a new report on May 16 that the cumulative tally is … Read more

Omnicom’s organic growth misses estimates as U.S. clients curb spending

by dying_to_be_vain As the Reuters’ headline says, Omnicom’s organic growth misses estimates as U.S. clients curb spending. Omnicom reported a 2 percent rise in organic revenue – a closely watched measure that excludes foreign exchange rate changes and mergers. Analysts, on average, had expected a 2.3 percent rise, according to research firm FactSet. New York-based Omnicom has … Read more