Civil war is unavoidable. The left is too crazy, and the right has now been given the weapon of government too enticing to overlook. Consider for a moment which “faction” in the world benefits most from this arrangement and then you will understand that the left is ultimately a distraction from the greater enemy. Remove the globalists from the picture, and the left will sort itself out.
"...the oil price surge today is probably not sustainable... [OPEC] is fighting against history... The cost of producing crude, largely due to fracking technology, has dramatically changed the marginal economics of oil..."
"If the image of an upper-middle class city attorney clad in a blazer and sipping wine while vandalizing an upscale grocery store with an anti-Trump message strikes you as perhaps the most bourgeois sight imaginable, that’s because it is."
Industrial metals commodity prices plunged by the most since March in the last 2 days as China’s exchanges (once again) clamped down on speculation by tightening trading rules. As Bloomberg reports, for the second time this year, trading has exploded on the nation’s exchanges, pushing prices of everything from zinc to coal to multi-year highs and sending authorities scrambling to deflate the bubble before it bursts.
A new report from the Government Accountability Office finds that taxpayers could be on the hook for $137BN of student loans to be forgiven over the coming years as a result of Obama's executive actions on "income-driven repayment" (IDR) plans.
"I completely support your First Amendment right to protest. You do not have the First Amendment right to block a train... We are not just going after the people who commit these acts of terrorism, we are going after the people who fund them. Wealthy donors should not feel safe in disrupting middle class jobs."
Having claimed the job of CEO John Stumpf, the Wells Fargo cross-selling fiasco continues to reverberate within the org chart of the scandal-ridden bank. Reuters reports that James Strother, the general counsel of Wells Fargo, who had originally planned to retire at year-end, will be forced to stay on indefinitely in the position to deal with fallout from the bank's sales scandal, according to a bank spokesman.
Barely having confirmed he will be Donald Trump's nominee for Treasury Secretary, Steven Mnuchin proceeded to roil the bond market when the former Goldman banker told CNBC he would look at extending the maturity of future Treasury issuance, hinting at 50 and 100 Year bonds, which promptly sent long-term US bond yields surging by the most since the turmoil following Trump’s election victory.
"The incentives offered by the state were an important consideration.... This agreement in no way diminishes our belief in the benefits of free trade and that the forces of globalization will continue to require solutions for the long-term competitiveness of the U.S. and of American workers moving forward."
With the economic expansion in its eighth year, over 15 million jobs added since the post-recession low in employment, and a steady decline in the jobless rate from its recessionary high of 10% to under 5%, many mainstream economists were convinced that the U.S. economy was in good shape. That misconception, at least where jobs are concerned, is a key reason so many were stunned by this month’s election verdict.
Did the politically-correct insanity just reach its tipping point? Just weeks after a notably politically-incorrect Donald Trump was swept to victory in the US election, HeatSt.com's Kieran Corcoran reports a university has pledged to end its culture of censorship and no-platforming, and has instead pledged to defend free speech, declaring, rather shockingly, "censorship is not the answer."
The political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash. And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash. Simply put, the data doesn’t support their assertion.