Cherokee Nation Files Lawsuit Against Big Pharma Over Opioid Epidemic

Late last week, lawyers representing the Cherokee Nation filed a lawsuit against major pharmaceutical companies, claiming they have pumped dangerous painkillers into Native American communities in Oklahoma. The Washington Post obtained a copy of the court filing and reported that the companies are accused of breaking laws by failing to prevent the diversion of pain pills to the black market.”

Bernie To Introduce $15 Federal Minimum Wage Legislation On Wednesday

We all knew it was coming and now it has finally been confirmed that the Senate's favorite Socialist will introduce legislation later this week calling for a $15 federal minimum wage.  For those silly 'math' people out there, that's a mere 107% increase in minimum wage over just a few short years, which we suspect will at least slightly outpace inflation over the same period.

Is The Fed About To Drop The MOAB On Wall Street?

What all this warrants is extreme caution in Bubbleville. With geopolitical risk flashing bright red, half percent GDP growth, record high equity valuations and a delusional Fed that continues threatening interest rate normalization; the market’s reality check is surely imminent.

G. Edward Griffin: Exposing The Creature From Jekyll Island

Despite its carefully-crafted image as an essential public servant, Griffin concludes it is anything but. The Fed is a private cartel that has connived its way to tremendous advantage and power, secretly (and not-so-secretly) plundering the American people of their treasure and freedoms.

Trump To Order Corporate Tax Rate Cut To 15%, Loading Up To $2 Trillion In Extra Debt

Trump has ordered his White House aides to accelerate his tax plan, the WSJ writes, "slashing the corporate rate to 15% and prioritizing cuts in tax rates over an attempt to not increase the deficit" which means that without an offsetting source of revenue, Trump is about to unleash up to $2 trillion in extra debt, a proposal which will face fierce pushback from conservatives as it appears to be a continuation of the status quo under the Obama administration, and may well be DOA.

Obama To Receive $400,000 Speaking Fee At Cantor Fitzgerald Conference

Shortly after Barack Obama delivered his first (free) speech today since leaving the White House in Chicago before an audience of community organizers and other fans, Fox News' Charlie Gasparino reports that in what may be his first paid speaking arrangement, Obama will be paid $400,000 to speak at Cantor Fitzgerald's healthcare conference this September, setting the benchmark for how much an hour of the former president's time will cost going forward.

Does America Have A Technology Platform Monopoly Problem?

"...the dominance of these firms in their specific niches presents a threat not just to economic competition, but liberty and freedom generally speaking. After all, the government itself doesn’t need to censor free speech if it can just lean on powerful companies with platform monopolies to do the dirty work for it."

China's First Home Made Aircraft Carrier Is Ready For Launch

China is making final preparations to launch its first domestically built aircraft carrier, temporarily named the Type 001A. The Chinese-made vessel is expected to enter service around 2020, joining China's first and only aircraft carrier, a refurbished Ukrainian vessel known as the Liaoning.

Google Market Cap Hits An All Time High $600 Billion

Even as the US "brick and mortar" retail industry is in a tailspin of historic proportions, its ad spending must be better than ever, because on Monday Google parent Alphabet closed up 2.3%, hitting a new record high, and as Bloomberg pointed out first, the company's market value crossed above $600 billion for the first time ever.