Economic principles explain why the Saudis began, in late 2014, to pump crude as fast as they could – or close to as fast as possible. In fact, there is a good reason why the Saudi princes are panicked and pumping.
Terry McAuliffe, Governor of Virginia and long-time Clinton confidant, vowed to do whatever necessary to elect Hillary Clinton President...even if it means registering each of the 200,000 felons in the state of Virginia to vote individually. She did help him win the Governor seat...we guess it's kind of the least he could do.
Despite its supposed seasonal adjustment, Case-Shiller home price growth in May tumbled for the 3rd year in a row (in fact, with revisions, the 0.23% drop since March is the biggest drop since June 2014). This is the first consecutive home price drop since 2012. The almost unbelievable 'stability' of the 5-ish percent growth in Case-Shiller home prices for the last 2 years is impressive if only for its historical lack of precedence but May's 5.24% YoY rise in the slowest since Sept 2015.
Democrats were delighted to watch as last week's scandal-plagued Republican National Convention lurched from one fiasco to another until.... the Democratic National Convention appeared to crash and burn in a disoragnized launch among angry supporters, blistering temperatures, sheer chaos, and a fractured organization that has left Republicans stunned in amazement at a Democratic party seemingly torn in two.
Not the greatest start to Hillary's homecoming week. Outgoing Democratic Party chairwoman Debbie Wasserman Schultz was booed and heckled at a Florida delegate breakfast, with attendees shouting "shame."
"I am sorry to be the bearer of bad news, but I gave it to you straight last summer when I told you that Donald Trump would be the Republican nominee for president. And now I have even more awful, depressing news for you: Donald J. Trump is going to win in November. This wretched, ignorant, dangerous part-time clown and full time sociopath is going to be our next president. Here's why..."
One month after the tragic Oralando shooting, which has since been swept away by a series of increasingly more escalating, disturbing and deadly mass shooting assaults in Europe, moments ago newswires reported that at least two people were killed and "at least 14-16" wounded during in a shooting at a Florida nightclub, police said early Monday. The incident happened during a "teen night" in the parking lot of Club Blu in Fort Myers at around 12:30 a.m. ET.
The Democratic party was in turmoil on Sunday afternoon, when just hours ahead of the Democratic National Convention which begins on Monday on Philadelphia, the chair of the Party - DNC Chairwoman Debbie Wasserman Schultz - resigned amid a furor over the humiliating Wikileaks email release, hoping to head off a growing rebellion by Bernie Sanders. And in a stunning move, moments later Hillary announced that Wasserman Schultz would serve as an honorary chair on Clinton's campaign.
To all Americans tonight, in all our cities and towns, I make this promise: We Will Make America Strong Again. We Will Make America Proud Again. We Will Make America Safe Again. And We Will Make America Great Again. THANK YOU.
"I haven’t slept well in the past few nights. Heartbreak weighs me down, rage flows through my veins, and tears fills my eyes. I realized... Black Lives do not matter to most black people. Only the lives that make the national news matter to them. Only the lives that are taken at the hands of cops or white people, matter. The other thousands of lives lost, the other black souls that I along with every cop, have seen taken at the hands of other blacks, do not matter."
Freshly-picked vice presidential nominee Mike Pence is the headliner of Wednesday’s third day of the Republican National Convention. As The Hill reports, with party business, Donald Trump’s official presidential nomination all settled, and any long-shot attempts to deny him the nomination in the rearview mirror, the third day should be a day of unity. With programming not starting until 7pmET, a number of Trump's former rivals and other notable conservatives will all focus on the day's theme: Make America First Again (which is ironically where Trump finds himself, leading Clinton by 1pt in the latest poll).
While today's RNC demonstrations have been mostly peaceful, a small group of protesters clashed briefly with police outside the Republican convention in Cleveland Wednesday afternoon after the demonstrators attempted to burn an American flag.