TCO: Tesla Model S insurance almost $1,800 a year, Autopilot crashes again. “The high cost of repairs has made the Model S the most expensive car to insure.”

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via arstechnica: Does Tesla’s Autopilot software have something against emergency services? That’s a flippant question, but there’s something underneath it. On Tuesday, a Model S electric vehicle—with Autopilot engaged, according to the driver—crashed into a police car in Laguna Beach, California. The police car was unoccupied at the time, but the Tesla driver sustained minor injuries. Last … Read more

Total Debt Now at $67T & 340% of GDP vs. 150% Long-Term Average

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https://twitter.com/RealDavidJensen/status/1001970602599645184 US Debt Growth vs GDP growth. ‘Deleveraging’ debt = maintaining $3.45 of added debt per $1.00 of GDP growth ea year @ 0% interest rates. Watch what happens now as rising rates bite w/ $30T of excess debt in the economy, by historical measures Long-term Debt/GDP to avoid deceiving visual: #EndTheFed #Gold Study: Some … Read more

Liberal Hypocrisy Part Deux: Samantha Bee Calls Ivanka Trump a Feckless C**t on TBS (VIDEO)

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by Chris Black Yesterday’s article was dedicated to the public lynching of Roseanne Barr by the cowards on the left side of the force (the dark side that is). I described cancelling Roseanne’s conservative-leaning show following a bad joke on Twitter to be the definition of liberal hypocrisy. And if you were having doubts about … Read more

The MSM Doing It’s Job – Priceless!

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by Chris The British Defense Secretary that told Russia to “shut up and go away” is hammered in an interview, and by “hammered” I mean pressed to actually answer a simple given question about that use of language. He dodged, several times, and then was summarily terminated from the interview by the host for being … Read more

Deutsche Bank’s U.S. Operations Deemed ‘Troubled’ By Fed

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via Jenny Strasburg and Ryan Tracy The Federal Reserve has designated Deutsche Bank AG’s sprawling U.S. business in “troubled condition,” a rare censure for a major financial institution that contributed to constraints on its operations, according to people familiar with the matter. The Fed’s downgrade, which took place about a year ago, is secret and hasn’t been previously … Read more

Fox Dominates Cable News In May, As CNN Ratings Collapse

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by stockboardasset In a new television ratings report published Wednesday by Nielsen Media Research, Fox News Channel continues to reign supreme in the cable news wars, while CNN’s primetime audience collapsed 25 percent. ” Fox News extended its run of consecutive months at number one to a staggering 197, while building hitting another impressive milestone: Fox News … Read more

Savings Rate Tumbles Back Near Record Lows… Storm Clouds Gather Over Fed… Second Coming of Financial Crisis?

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Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than Make…  While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings rate back down … Read more

BRICS Nations & Others Are Forming A Competing Currency To The U.S. Dollar RIGHT NOW

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by Rory Hall of The Daily Coin We have been reporting for years on BRICS nations – Brazil, Russia, India, China and South Africa and the formation of the BRICS banking system(s) and all the supporting technology and interconnectedness that is required to run a parallel or opposition system. The Peoples’ Bank of China has just announced a … Read more