CNN To Lay Off Dozens Of Employees

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CNN, DESPITE TRUMP BUMP, PREPARES FOR DOZENS OF LAYOFFS A year ago, CNN was positioning itself as ready to take on Vice and BuzzFeed in the digital space. Now, the company is rightsizing as it prepares for AT&T’s embrace. BY JOE POMPEO FEBRUARY 12, 2018 2:36 PM Besides the occasional Twitter-issued invective from the president … Read more

David Stockman: “Who’s going to buy all this new debt?…they’ve opened the floodgates to fiscal calamity.” Charles Nenner: “Huge buying opportunity in gold and silver while Dow falls to 5,000.”

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by John Rubino David Stockman: “Who’s going to buy all this new debt?…they’ve opened the floodgates to fiscal calamity.” Alan Greenspan tries to salvage his credibility, fails miserably. Charles Nenner: “Huge buying opportunity in gold and silver while Dow falls to 5,000.”

DHS Statement on NBC News Coverage of Election Hacking

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DHS Statement On NBC News Coverage Of Election Hacking Release Date: February 12, 2018 For Immediate Release Office of the Press Secretary Contact: 202-282-8010 WASHINGTON – Today, Jeanette Manfra, National Protection and Programs Directorate (NPPD) Assistant Secretary for the Office of Cybersecurity and Communications, released the following statement regarding the recent NBC news coverage on … Read more

Former Aetna Medical Director Under Oath "Never Reviewed Patients' Records When Deciding To Approve / Deny Care"

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California’s insurance commissioner has launched an investigation into Aetna after learning a former medical director for the insurer admitted under oath he never looked at patients’ records when deciding whether to approve or deny care. California Insurance Commissioner Dave Jones expressed outrage after CNN showed him a transcript of the testimony and said his office … Read more

Former anti-Trump Samoan admits the MEDIA made him hate Trump then he went to a Trump rally & was forever change

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Former Anti-Trump Man from from American Samoa Speaks on his Experience being angry at Trump and Trump Supporters to finding the Truth and Unity only Patriotism can bring. A simple video like this can convert thousands of mindless drone millennials! Spread it far and wide! Facebook can’t block this!     h/t Nicomachus

Four Rate Hikes in 2018 as US National Debt Will Spike

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Chorus gets louder. But no one will be ready for those mortgage rates. It didn’t take long for rate-hike expectations to be jostled further by last week’s “monster” two-year budget bill that Congress passed with its usual gyrations, including a government mini-shutdown, and that Trump signed into law on Friday. The … Read more

Former US attorney: FBI officials will likely face charges | Joe DiGenova, Tom Fitton, Joe DiGenova (2/7 Hannity)

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Judicial Watch president Tom Fitton, Fox News legal analyst Gregg Jarrett and former U.S. attorney Joe DiGenova reacts to newly released FBI text messages on ‘Hannity.’ FOX News Channel (FNC) is a 24-hour all-encompassing news service dedicated to delivering breaking news as well as political and business news. The number one network in cable, FNC … Read more

Feds Run Surplus in 1st Month of Trump Tax Cut… Americans Expect Biggest Pay Jump in Years

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Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January (CNSNews.com) – The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today. January was the first month under the new tax law that President Donald Trump signed … Read more

Last Week Wasn't An Error – It Is The Beginning Of A Bear Market That Will Be Generational, Not A Temporary Cyclical Downleg.

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By David Stockman Last week’s twin 1,000 point plunges on the Dow were not errors. Instead, these close-coupled massacres, which wiped out $4 trillion of global market cap in two days, marked the beginning of a bear market that will be generational, not a temporary cyclical downleg. What hit the casino wasn’t an air pocket; it was a fundamental change of direction, signaling that the three decade … Read more

Oklahoma Sucks. Don’t Move There

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by Stucky, TBP Anticipating the Bunny Killer’s response …. yeah, NJ sucks ass also. But, at least we pay our teachers. Ms. Freud and I often discuss where we will move when my parents transition to The Great Beyond.  We’re starting to realize there is no perfect place in ‘Murica for us. I guess we’ll just … Read more

The California Paradox: if Immigration Creates Wealth, Why is California Poor?

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by Spencer P Morrison, NEE How Immigration Turned California into America’s Poverty Capital California is a land of untold opulence and splendor.  Hollywood’s glitter dazzles the gawking masses, while the world’s most profitable companies, Google, Apple, and Facebook, funnel cash into the Golden State from every corner of the earth.  It is the apotheosis of decadence. And … Read more

Spending bill, Rail traffic, Rig count, Saudi pricing

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by WARREN MOSLER This alone could add maybe 2% to nominal GDP. How much real output it adds is another question, of course: Trump signs massive spending deal into law and ends year’s second government shutdown Self-professed fiscal hawks in the House also opposed the bill. The nonpartisan Congressional Budget Office estimated Thursday that it would … Read more

This may be the beginning of the Great Financial Reckoning

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by Simon Black Less than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government’s budget deficits over the next several years. And the numbers are pretty gruesome. In order to plug the gaps from its soaring deficits, the Treasury Department expects to borrow nearly $1 … Read more

Why Continuing Down This Path Leaves America In A No Win Scenario

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Authored by Chris Hamilton via Econimica blog, According to conventional economic wisdom, economic growth is the increase in an economy to producegoods and services, compared from one period to another.  This view deems that the greater the growth in capacity and utilization of that capacity, the greater the economic growth.  Strangely, what this school of thought fails to account … Read more

Grand Theft Auto Chicago: Carjackings Surge To Decade Highs

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by stockboardasset According to the Wall Street Journal, a surge in carjackings in Chicago has led to the highest number of car thefts in more than a decade, terrifying residents who are often traumatized about the explosion in homicides and shootings over the past two years. Law enforcement and crime specialists mostly attribute the surge, which is … Read more

Nunes Will Probe X CIA Director John Brennan

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https://www.youtube.com/watch?v=HU9esURKJXU Synopsis: House Intel Committee Chairman Devin Nunes will be investigating the top bad guy outside the FBI circle of coup plotters next, former CIA Director John Brennan. Director Brennan has decided that the best defense is a good offense and who knows better how to maintain the propaganda smoke and mirrors fest than the … Read more