Every Inflation Measurement Is Increasing

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via upfina: The year over year core PCE price index was up 1.955% in May. If you round the data up, the Fed has finally reached its target for 2% inflation. This means it beat out expectations by about half of a basis point since the expectation was for 1.9%. It was higher than last month’s … Read more

Tesla employee tells Business Insider Tesla didn’t produce all 5000 Model 3s in last week. Tesla SEC filing is fraudulent

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by Old_Bit https://pbs.twimg.com/media/DhL_ocjXkAA_9BQ.jpg:large Link to whole article – http://www.businessinsider.com/tesla-elon-musk-orders-engineers-to-stop-brake-and-roll-testing-2018-6 Tesla SEC filing – https://media.discordapp.net/attachments/413747557299126287/463716791856791553/Screen_Shot_2018-07-03_at_10.44.51_AM.png?width=1921&height=152 Tesla specifically said 5K Model 3s in last week to pump the stock in the filing, which i think is fraud. There was an intention to decieve analysts and shareholders and pump the stock and cause a short squeeze. Everyone was looking at … Read more

Micron Chip Sales Temporarily Banned in China

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How long do you think “temporarily” means in this case? Any thoughts on the long term impact of this decision? https://www.bloomberg.com/news/articles/2018-07-03/micron-chip-sales-banned-in-china-on-patent-case-rival-umc-says A Chinese court temporarily banned Micron Technology Inc. chip sales, cutting the U.S. company off from the world’s largest semiconductor market, Taiwanese rival United Microelectronics Corp. said. In a patent ruling in favor of UMC, the Fuzhou Intermediate … Read more

Malls Vacancies Hit Six-Year High as Online Shopping Takes Toll… SEARS adds MORE stores to closings list

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  Malls Vacancies Hit Six-Year High as Online Shopping Takes a Toll Toll is felt across all types of brick-and-mortar outlets in the U.S. as iconic retail names close stores Malls are the emptiest they’ve been since 2012, when the U.S. economy was still struggling to recover from the last recession. The vacancy rate reached … Read more

Bono warns existence of UN, EU, NATO threatened

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UNITED NATIONS (AP) — Irish rock star Bono warned Monday that the United Nations and other international institutions including the European Union and NATO are under threat — and nations must work together to ensure their continued existence. The Dublin-born U2 singer and activist gave a sobering speech to several hundred U.N. diplomats and staff … Read more

DAVID HARSANYI: Hey, Democrats, The System Doesn’t Need To Be ’Fixed’ Every Time You Lose An Election. “Maybe it’s your agenda that’s broken.”

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via thefederalist: If you’re under the impression that the system exists merely to facilitate your partisan agenda, it’s not surprising that you also believe it’s “broken” every time things don’t go your way. This is why so many Democrats argue that we should “fix” the Electoral College when they lose a presidential election and “fix” the … Read more

SALENA ZITO: “If you engage in politics on Twitter it is sometimes hard to reconcile the vicious vitriol you see, feel, and experience with what you see in your world outside of the social media platform.”

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VARNVILLE, S.C. — It is not nearly seven o’clock in the morning yet, but already the Main Street of this Hampton County town, from West Carolina Street through Elm Street one town over, has families of all shapes, sizes, and colors planting their chairs or blankets along the parade route for the annual Watermelon Day Parade. … Read more

ANDREW KLAVAN ON THE TOXIC RACE-MONGERING OF THE LEFT:

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via pjmedia: Imagine a world in which leftists, by some magic, were unable to accuse their political opponents of racism. Racism, sexism, all of the various make-believe phobias — these charges were suddenly somehow off-limits during political discussion. Instead, at all the leftist venues — The New York Times, the TV network news departments, CNN and the … Read more

Crazy Maxine Waters, said by some to be one of the most corrupt people in politics, is rapidly becoming, together with Nancy Pelosi, the FACE of the Democrat Party. Her ranting and raving, even referring to herself as a wounded animal, will make people flee the Democrats!

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Crazy Maxine Waters, said by some to be one of the most corrupt people in politics, is rapidly becoming, together with Nancy Pelosi, the FACE of the Democrat Party. Her ranting and raving, even referring to herself as a wounded animal, will make people flee the Democrats! — Donald J. Trump (@realDonaldTrump) July 3, 2018 … Read more

The Harvard Boys Do Russia

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by SP Borrowing from the phrasing of the porn classic “Debbie Does Dallas,”  American anthropologist Janine R. Wedel tells the story of the “privitazation” (plundering) of Russia’s state owned assets under Borris Yeltsin.  This article is from The Nation. Her bio notes: Wedel received a Ph.D. in Cultural Anthropology from the University of California at Berkeley. She writes about governing, corruption, foreign aid, and influence elites through the … Read more