Salaries, Wages, Benefits: A Combustible Fuel For The Fed’s Tightening Machine.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Slightly good news for workers, bad news for employer profits, and combustible fuel for the Fed’s monetary-policy tightening machine. Total compensation costs for civilian workers — which include wages, salaries, and benefits of workers in the private sector and in state and local governments — increased 2.7% seasonally adjusted, over the … Read more

And . . . yet another Wells Fargo banking scandal

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by Simon Black Is it Friday again? Must be time for another banking scandal! Seriously– these banking scandals are happening with such regularity and predictability it would be almost comical. . . were it not for the millions of people who have had their lives turned upside down. The latest transgression involves, once again, our old … Read more

American dynamism is declining as Milliannials aren’t an entrepreneurial generation partially because college is expensive.

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by AlexPitti The US Is In Secular Economic Decline One major issue preventing dynamism is the cost of education. College costs have increased significantly as a function of government backed student loans despite the fact that information is cheaper and more ubiquitous than ever. High college costs mean 20 year olds don’t have the freedom to work … Read more

We Are In The Process Of Mean Reversion….. A Massive Financial Crisis Imminent?

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https://twitter.com/OccupyWisdom/status/989903501860982785 https://twitter.com/OccupyWisdom/status/989903791846805504 https://twitter.com/OccupyWisdom/status/989903205827076097 Compression in $SPX (daily) continues — indicating that a major imbalance is nearing… pic.twitter.com/F5pW3BALwx — Alastair (@StockBoardAsset) April 27, 2018 ‘We are headed for a massive financial crisis’ & Fed has ‘no idea what’s going on’ – Peter Schiff After a stern warning about a calm before an economic storm, investor Peter … Read more

IRS changes HSA contribution limits for 2nd time. Now back to $6900

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IR-2018-107, April 26, 2018 WASHIGTON – The Internal Revenue Service today announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA). For 2018, taxpayers with family coverage under an HDHP may treat $6,900 as the maximum deductible HSA contribution. A change in the … Read more

Toronto Stock Exchange is shutting down trading for the rest of the day after widespread technical issues

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The S&P/TSX Composite index, the main index for Canadian stocks, traded 0.2 percent higher at 15,668.93 as of 1:39 p.m. ET, which was the last update for the benchmark. More than 177 million shares were traded on the Toronto Stock Exchange before trading was shut down, according to FactSet. TMX Group, which operates the Toronto … Read more

Lawyers File For Grand Jury Investigation Into 9/11

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by Chris Well, this is an interesting development.  Lawyers working for 9/11 families have filed a petition to open a Grand Jury inquiry into 9/11. The summary and supporting evidence are really quite strong, at least arguing very successfully that an inquiry is at least justified: https://lawyerscommitteefor9-11inquiry.org/lc-doj-grand-jury-petition/ Here’s how this was written up in Activistpost: The … Read more

Gun control, Chiraq style: IG report says Chicago Police not reporting mentally ill gun owners

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by DCG How about politicians and law enforcement actually ENFORCE current laws instead of demanding more “gun control” laws? From MyFoxChicago: Chicago’s inspector general says police are failing on a requirement to tell the state when people are mentally unfit to carry a gun. Inspector General Joe Ferguson said in a report released Wednesday that the state … Read more

NOBEL PEACE PRIZE FOR TRUMP?

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by Jim Quinn Obama won it for being elected. He then proceeded to ramp up the Afghan war, attack Libya, support a dictator taking over Egypt, armed Saudi Arabia in their demolishing of Yemen, and created ISIS and the Syrian war. All Trump did was broker a peace between two nations at war for the … Read more

The Blowback Against Facebook, Google and Amazon Is Just Beginning

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by Charles Hugh-Smith This is how we end up with a neofeudal society that benefits the Protected Few at the expense of the powerless, exploited Many. Blow-out earnings from Facebook and Amazon have cheered Wall Street, but institutional owners might want to focus not just on blow-out earnings but rising blowback against the tech superpowers (Facebook, Google … Read more