Illinois Comptroller: "The State Can No Longer Function"

"The state can no longer function without a responsible and complete budget... We are effectively hemorrhaging money... I have been very vocal regarding these issues and the budgetary impasse since assuming office six months ago; however we are now reaching a new phase of crisis."

China 'Rescues' Bond Market In Symbolic Move But Yield Curve Remains Inverted

For the 10th day in a row, China's bond yield curve remains inverted (the longest in history). However, in a very symbolic move overnight, China's Ministry of Finance bought 1.26 billion yuan of 1-year bonds for the first time in history via the secondary market. While yields tumbled on the rescue attempt, the curve remains inverted...

NTSB Absolves Tesla's "Autopilot" In Death Of Former Navy SEAL

In what looks like vindication for Elon Musk and Tesla’s autopilot software, the National Transportation Safety Board has ruled that a fatal crash involving a Tesla Model S sedan that occurred in Florida last year was the result of human error.

After The ISIS War, Is A US-Russia Collision Inevitable?

"During the campaign, candidate Trump won support by pledging to work with Russia to defeat our common enemy. But if, after ISIS is gone from Syria, we decide it is in our interests to confront Assad, we are going to find ourselves in a regional confrontation."

Coming Apart: The Imperial City At The Brink

"...here in the imperial city in Washington DC, is that it is absolutely hollowed out... it is incapable of offering anything to its own people, the American people ... I think we have reached a point where there is no possibility of revival within the current system that exists. The current system is set upon ... is determined to eat itself out in a kind of civil war that is coming, and at the end of that, it will be done, will be finished..."

Remember When Ford 'Cancelled' That Plant In Mexico? Well, They've Just Moved It To China

Trump's victory lap back in January after Ford cancelled plans for a brand new $1.6 billion production facility in Mexico may have been premature.  As it turns out, per a press release from earlier this morning, one of the first strategic actions taken by Ford's new CEO, Jim Hackett, will be to relocate the company's 'Focus' production to China rather than Mexico.