$2 Billion Just Went POOF, From One Second To The Next.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is just too funny. Longfin [LFIN], my favorite “blockchain company” and hero among scam stocks that I have lambasted since December, is at it again. But this time, it’s likely the last time. On April 2, I published a piece titled, “What Kind of Hyper-Enthusiastic Market is this that Blindly Keeps Pursuing … Read more

Two Down And One To Go

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via Arthur Hill  Two Down, One To Go.  QQQ: Bruised, but not Quite Broken.  Small-caps Continue to Show Relative Strength.  Small-cap Consumer Discretionary and Industrials Lead.  Housing and Retail Lead CD.  Tech-related ETFs Remain Subdued.  Watching the Channel in Oil.  Notes from the Art’s Charts ChartList. Trends depend on timeframes and the length of a timeframe differs … Read more

The Impending Recession Is Following a Similar Script from 2008

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From Birch Gold Group The reason the historic Great Recession of 2008/2009 happened is multi-faceted and complex. The short version is the banks were allowed (through the repeal of Glass-Steagall) to invest savings into derivatives. Here’s what happened: This required security backed mortgages, which in turn led to “interest only” mortgage loans marketed to people who couldn’t afford … Read more

THEY WERE HOPING TO USE THE OTHER PARKLAND KIDS TO DISTRACT FROM THEIR FAILURES

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Parkland shooting hero blames sheriff and superintendent for failing to prevent massacre. A student who was gravely wounded after being shot five times while shielding classmates during the Florida high school shooting in February criticized the county sheriff and school superintendent Friday saying they failed the victims by not arresting the shooter before the massacre. … Read more

Hillary Clinton Now Blames Fox News, Vladimir Putin For Loss

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https://www.youtube.com/watch?v=ZmNkZvIidGE Emily Zanotti for the Daily Wire reports, The “What Happened?” speaking tour continues unabated, much to everyone’s chagrin, and with each new audience, failed presidential candidate Hillary Clinton comes up with new and more novel excuses as to why she not only lost the 2016 election, but why she’s been rendered impotent within her … Read more

Judicial Watch Reveals Glaring Contradiction In “Secret” Manafort Memo

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https://www.youtube.com/watch?v=dK8QbbDFGek Joshua Caplan for the Gateway Pundit reports, Judicial Watch’s chief investigator Chris Farrell joined the Fox Business Network to explain why he believes the manner in which Deputy Attorney General Rod Rosenstein authored the “secret memo,” outlining Special Counsel Robert Mueller’s authority (after raiding the home of Trump campaign manager Paul Manafort), should amount … Read more

NRA-Institute For Legal Action Supports “Guns Save Life” In Lawsuit Against Deerfield Illinois Gun Confiscation Ordinance – Confiscation Of Guns In Broward County Without Due Notice.

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by Ruby Henley The National Rifle Association Institute for Legislative Action recently  announced support for a lawsuit brought by Guns Save Life challenging the Deerfield, Illinois’ gun confiscation ordinance. The lawsuit challenges Deerfield’s recent attempt to criminalize so-called “assault weapons” and “high capacity magazines” within village limits. “Every law-abiding villager of Deerfield has the right … Read more

Users can’t remove Facebook messages from the inboxes of people they’ve sent them to, but Facebook enabled the use of such a feature for Mark Zuckerberg and other executives

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Extending features to executives and not end users is not, per se, the most egregious action FB has taken in recent years. That said, allowing only Executives to whitewash their chat history from the inbox of other users seems a bit dangerous in terms of precedent.   You can’t remove Facebook messages from the inboxes of … Read more

Facebook Donated to 46 of 55 Members on Committee that Will Question Zuckerberg

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As Congress gets ready to investigate Facebook over various privacy issues, Fred Wertheimer, the president of the Democracy21 campaign finance reform group, told USA Today that Facebook’s donations to “committees that have jurisdiction over them” only undermine “public confidence that the members are going to make decisions in the best interests of the American people.” … Read more

Which Sectors Created 2.2 Million Jobs In 12 Months? Brick & Mortar Melts Down. Governments Shed Jobs Too, Even Information Tech.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter In the jobs report today, the Bureau of Labor Statistics provided a trove of granular data on which industries and governments created jobs over the past 12 months, and which destroyed jobs – with some counter-intuitive results. I have lumped education jobs at state and local governments into one category to … Read more