Two days after Donald Trump released a clip in which he hinted at Bill Clinton's sexual transgressions by featuring two women - Kathleen Willey and Juanita Broaddrick - who have made rape accusations against the former president, and then promptly escalated his attacks on the Clintons in an interview with WaPo in which Trump called the circumstances of Vincent Foster’s death "very fishy", Trump accidentally revealed what his next attack on Hillary will be.
Brian Fallon appeared on CNN's "The Situation Room" and called into question the timing of the State Department investigation into Clinton's use of a private email server. Fallon referred to the "appropriateness" of the investigation, parallel to the Justice Department's investigation into the same issue, as "an open question" and stated "reports" from inside the office claiming that the investigation had an "anti-Clinton bias."
Former McDonalds CEO Crushes The Minimum Wage Lie: "It's Cheaper To Buy A Robot Than Hire At $15/Hour"Submitted by Tyler Durden on 05/25/2016 - 20:58
"I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry - it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries - it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe."
Would you allow microchips to be surgically implanted in your children if that would keep them safer? “People should be aware that testing is being done right now. The military is not only testing this out, but already utilizes its properties. It’s not a matter of if it will happen, but when...”
In a surprising reversal, what many thought was impossible, namely the State Department cracking down on its former head and Democratic presidential frontrunner, Hillary Clinton, seems all too possible following news that the State Department inspector General audit has faulted Hillary Clinton, other secretaries of state for poorly managing electronic communications.
Back in the middle of February - during the height of the financial-market turmoil, the market was pricing in a shockingly policy-error-ish 36.5% chance of a rate cut in 2016. Since then The Fed has done everything it can to try and regain credibility - attempting to be hawkish in the face of dismal data, baffling everone with bullshit, and droning on about data-dependence. Now, thanks to the FOMC Minutes released last week with officials suggesting investors may be underestimating the pace of tightening, the odds of a 2016 rate cut have collapsed to just 4.8% - its lowest since New Year's Eve.
As Bloomberg's Nathan Crooks demonstrates, this is the maximum amount of money one can take out from a Venezuela ATM each day.
It’s really just a matter of time; the working man’s deal with his overseers is half dead already. But there’s still inertia in the system, and even the losers are keeping the faith. Hope dies slowly, after all. Nonetheless, the deal is collapsing and a new wave of robots will kill it altogether. Unless the overseers can pull back on technology – very fast and very hard – the deal that held through all our lifetimes will unwind.
The Department of Labor has awarded Utica, New York, $2 million to teach young refugees how to build drones as part of a summer jobs program. "It was just a population we chose to target," said Alice Savino, executive director of the area Workforce Development Board, warning that "if we don't help [the refugee kids] be productive now, we’re going to pay for it later."
While Saudi Arabia's initial response (economic threats) to Washington's sudden renewed legislative interest in the '28 pages' may or may not have helped add fuel to the fire of those who believe the country has something to hide, it has also tried to have a softer approach to the issue, one that perhaps works the most effectively in Washington: Lobbyists.
"As stock prices rise, the gains are disproportionately distributed to the wealthy. Lower- and middle-income families who are also wealth-poor are less likely to expose their savings to the higher risks of equity markets.... gains in the stock market tend to benefit those in the wealthiest portion of the income distribution, who have better access to and higher participation in these asset markets."
U.S. foreign policy is such a disastrous joke, trying to keep up with it is essentially a full time job. In case you still had any doubt as to why ISIS and other assorted terrorists seemed virtually unstoppable in Syria until Russia became involved, the following piece should clear things up.
Now that all eyes have turned on China eager to find how it will react to a potential Fed rate hike in June or July, the question is whether the sharp Chinese devaluation unveiled overnight, which sent the Yuan to fresh 5 year lows, will be a one-off event, and whether the PBOC will intervene far more aggressively in the offshore CNY market to keep FX market turmoil to a minimum. According to at least one person, the answer is no.