The potential shutdown would put a hiccup in federal bureaucracy for a few weeks, but that’s not the real reason Americans should be worried. Turns out, there may be an unseen economic danger that could affect you and your savings.
"I spent a quarter century in Washington. The evil that is in control there at the present time is unprecedented. I have never seen anything like it. Can the world survive the evil that is concentrated in Washington, evil that has the support of the governments of the Western world?"
According to the latest data from the S&P/Experian Bankcard Default Index, as of March 2017, the default rate on US credit cards had jumped to 3.31%, an increase of 13% from a year ago, and the highest default rate since June 2013.
Jihadist terrorism in India is on the verge of acquiring a global footprint, as radicalization and recruitment have become more sophisticated thanks to social media and the Internet. This marks a clear departure from the past when jihadist terrorism was almost synonymous with the insurgency in Kashmir.
Having slapped Canadian softwood with tariffs, and begun investigating steel imports last week, it appears - as Commerce Secretary Wilbur Ross promised - the Trump adminstration has shifte its focus to aluminum imports. Specifically, as AP reports, Washington has begun an investigation into whether aluminum imports are jeaoparding national security.
As President Trump appears to fold on his funding request for a border wall, though tweet-xclaiming "it will get built and help stop drugs, human trafficking etc.," a top Mexican official on Tuesday said that Mexico may consider charging a fee for Americans entering the country in what could be seen as a retaliation to President Trump's posturing.
"...it’s not about Le Pen, or Trump, or Nigel Farage. It’s about people being left behind in ever larger numbers, susceptible to voices other than the ones they’ve known for a long time and who never listened to them."
"These people don’t seem to realize that they’re actually parodies of themselves. I mean, they’re always talking about racism and xenophobia and sexism and ageism and the like. They don’t look at people as individuals, they look at people as members of classes. That’s why it’s called “identity politics” - you don’t identify as an individual, but as a member of a group or a class. "
There are two ways to summarize Trump's sweeping proposed tax plan: extremely amibitious in the grand scheme of things, with virtually no details. Oh, and one more thing: it has almost no chance of passing in its current form.
Don’t tell anyone but market manipulation is legal when parallel abstractions are created and executed by self-serving political and economic policy makers; not so when they are perpetrated by self-serving financiers.
"Comforting to see that a notorious war criminal is not only “good humored,” but also a “scholar” at an American think tank after destroying Iraq and creating ISIS. But hey, that’s how the American Empire rolls."
The Ethereum cryptocurrency soared to record highs after it was revealed that the SEC has begun the process of considering whether to approve an ETF based on ether, just a few weeks after the commission denied a similar request for a bitcoin-based ETF.
Chasing short-term returns by massively overplanting a permanent crop with a 25 year useful life and creating a huge supply bubble in the process rarely works out all that well...turns out it didn't work that well for California almond farmers either.
"North Korea's pursuit of nuclear weapons is an urgent national security threat... The United States seeks stability and the peaceful denuclearization of the Korean peninsula. We remain open to negotiations towards that goal. However, we remain prepared to defend ourselves and our allies."