Frontrunning: July 28

  • ‘Skinny’ Repeal of Obamacare Fails (WSJ)
  • Bad News If You Make $150,000 to $300,000: Higher Taxes for Many (WSJ)
  • Senators Move to Block Trump From Ousting Sessions (WSJ)
  • Amazon’s Expansion Takes Toll (WSJ)
  • Japan Slaps 50% Tariff on Some U.S. Beef (WSJ)

Global Markets, Futures Slide Spooked By Poor Amazon Earnings, US Politics

S&P futures have tracked both European and Asian markets lower, which were dragged down by the big EPS miss and guidance cut reported by Amazon on Thursday. Meanwhile, the pounding of the dollar has resumed with the euro and sterling strengthening against the dollar due to renewed political concerns

Welcome To New York City's Taxpayer-Funded $2 Million Bathroom

"Did you see the $2 million dollar bathroom? That's what New York City government spent to build a "comfort station" in a park. I went to look at it. There were no gold-plated fixtures. It's just a little building with four toilets and four sinks..."

Paul Craig Roberts Sees "A Ray Of Light" From Europe

"Accustomed to having its way with Europe, Washington commits Europe without even consulting the vassal governments... Now it seems Washington’s extraordinary arrogance and hubris has resulted in overreach."

Amazon Hosts Robotics Competition To Figure Out How To Replace 230,000 Warehouse Workers

Amazon has mastered the art of moving bins around a warehouse floor with miniature robotic forklifts, but a solution to automating the simple task of picking individual items out of those bins has remained elusive.  And, with 1,000's of very expensive, sickly and generally needy humans currently fulfilling that task, you can bet Amazon is eagerly pursuing that solution with some level of urgency.

The Globalist One World Currency Will Look A Lot Like Bitcoin

"Critics of the notion of a single global monetary framework tend to dismiss any evidence of the plan, usually due to their poor understanding of how currencies rise and fall and a poor understanding of the current monetary climate... 'Where is this global currency going to come from?'... The fact is, it already exists, and it is right under their noses..."

Silicon Valley Censorship

Google's latest project is an application called Perspective, which, as Wired reports, brings the tech company "a step closer to its goal of helping to foster troll-free discussion online, and filtering out the abusive comments that silence vulnerable voices." In other words, Google is teaching computers how to censor.

Wells Fargo Forced Unwanted Auto Insurance On 800,000 Borrowers

Wells has just been busted yet again for another major scandal: the NYT's Gretchen Morgenson writes that more than 800,000 people who took out car loans from Wells Fargo were also charged for auto insurance they did not need, and  some are still paying for it.

Hegemony Is A Three-Player Game

"Three-player games are easy to model - it’s always two against one... This is the greatest political struggle in the world today. The nationalists and realists want to improve U.S. relations with Russia. The globalists are horrified at the prospect and want to maintain warm relations with China while isolating Russia."