An "extensive investigation" reveals that FBI reports filed by former agents Coy Copeland and Jim Clemente linking Hillary to the "suicide" of Deputy White House Counsel Vince Foster have gone missing from the National Archives.
Action this week by Illinois' biggest public pension fund to lower its expected rate of return, could "cripple" the state's already fragile finances, Governor Rauner has warned. "If the (TRS) board were to approve a lower assumed rate of return taxpayers will be automatically and immediately on the hook for potentially hundreds of millions of dollars in higher taxes or reduced services... the unforeseen and unknown automatic cost increases would have a devastating impact."
Newly released data is helping shed light on America’s incarceration problem, demonstrating that only the small archipelago of Seychelles, located in the Indian Ocean off East Africa, has a higher incarceration rate than the U.S. But when studied carefully, the rates demonstrate yet another trend: America’s white prison population has been increasing in recent years while the number of blacks in prison has been dropping - and nobody is talking about it.
'Stable' money was a chimera. It did not bring stability to the world economy. It did not counter the instability emanating from deposit banking. It actually added to the severity of booms and busts. To function efficiently, capitalism needs a foundation of sound money, not stable money.
At least 85 of 154 people who met or spoke to Clinton at State, donated to her family charity. Combined, the 85 donors contributed as much as $156 million. At least 40 donated more than $100,000 each, and 20 gave more than $1 million. Separately, she met with representatives of at least 16 foreign governments that donated as much as $170 million.
In the State of California 98% of teachers receive tenure after just 18 months on the job. Once tenure is received it is virtually impossible for administrators to dismiss a teacher for being even "grossly ineffective." The California Supreme Court's decision not to review a lawsuit that would have addressed these issues is a loss for California's students.
Amid the volatility of crude prices, inventory levels, and headline hockey; API printed a surprisingly large 4.464mm crude build (against expectations of a 850k draw). Having spiked early in the day on Iran rumors (and failed to fall on denials), WTI kneejerked lower after the API data showed the biggest crude build in over 4 months (and a bigger than expected build at Cushing).
George Orwell said, “In a time of universal deceit, telling the truth is a revolutionary act.” Thanks to WikiLeaks, we know that powerful institutions have been abusing their power and lying to the public. WikiLeaks founder Julian Assange is a hero. Like Edward Snowden, Chelsea Manning, and other whistleblowers facing government persecution, Assange has sacrificed his personal comfort and safety to bring us the truth.
If The British needed any more confirmation of their decision to leave The EU, Jean-Claude Juncker, president of the European Commission, just gave them a big one. The often incoherent "when it's important, you have to lie" politician spewed more United States Of Europe tripe this morning when he called for European nations to drop border controls, claiming that borders were "the worst invention ever." Britain's new PM, Theresa May, was not amused...
Remember the shale gale and Saudi America? The scale of those outlandish delusions has now dwindled to plays in a few counties in West Texas and southeastern New Mexico. Saudi Permian. It’s a race to the bottom as investors double down on the tight oil companies that can still tell a growth story.
So far US banks have escaped the recent Libor surge, but the higher funding costs and shrunken market are hitting Japanese banks particularly hard, as they have been sourcing as much as a third of their U.S. dollar liquidity in the short-term U.S. market. Japanese banks have about $125 billion to $150 billion of CP and CDs maturing before the end of September.
While Hillary Clinton continued her press conference radio silence, having avoided media Q&A for over 260 days, last night the Democratic candidate did appear on ACB's Jimmy Kimmel live show where she responded to recent reports that her health is deteriorating, saying she feels like she is in an “alternative universe” and laughed off any questions about her health and stamina, arguing that the current speculation "makes no sense."