Florida

Trickle-Down Crash? Trophy Assets Suddenly Tanking

One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big banks to favored clients, and from there into trophy properties like high-end real estate, superyachts, and fine art. This might be the first financial bubble to completely bypass the 99%. And now it’s ending...

If You Think Cultural Fragmentation Is Bad Now...

As technology continues to fragment communication and the spread of ideas, people will continue to pursue their own individual interests with the effect of further cultural divergence. We are heading toward a world where we can build our own echo chambers and shut off anything we find offensive or unpleasant. In other words, if you think that cultural fragmentation is bad now — or that the Trump supporters are suggesting extreme measures in order to reimpose a degree of cultural hegemony - you ain’t seen nothing yet. The decentralization of warfare through the adptation of drone technology and things like 3-D printed guns and bullets means that many skirmishes will likely be fought over this stuff again.

Hedge Fund Billionaire Slams Democracy, Says The "Tyranny Of The Majority Is An Unhealthy Development"

In his latest letter to investors, OakTree Capital's Howard Marks goes political (slamming Trump's tariffs and Bernie's minimum wage machinations), shedding some blinding light on the economic reality of America, the dismal failure (and increasing impotence) of central bankers, and the ongoing "tryanny of the majority" warning that if everyone wants to tax-the-rich, soon there will be no rich to tax. As he concludes, short-term fixes simply cannot create wealth out of thin air (see Venezuela), as Churchill once said "for a nation to try to tax [or stimulate or devalue] itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."

"We Will Fight This All The Way To The Supreme Court" - 11 States Sue Obama Over Transgender Bathrooms

Officials from 11 U.S. states sued the Obama administration on Wednesday to overturn a directive telling schools to let transgender students use bathrooms matching their gender identity, decrying the policy as "a massive social experiment." Joining Texas in the lawsuit was Alabama, Georgia, Louisiana, Oklahoma, Tennessee, Utah, West Virginia and Wisconsin, plus Arizona's Department of Education and Maine's governor. "We are willing to fight this all the way to the Supreme Court if we have to," Republican Texas Attorney General Ken Paxton told reporters in Austin. 

Trump Accidentally Reveals His Next Attack On Hillary

Two days after Donald Trump released a clip in which he hinted at Bill Clinton's sexual transgressions by featuring two women - Kathleen Willey and Juanita Broaddrick - who have made rape accusations against the former president, and then promptly escalated his attacks on the Clintons in an interview with WaPo in which Trump called the circumstances of Vincent Foster’s death "very fishy", Trump accidentally revealed what his next attack on Hillary will be.

Clinton Foundation Board Member Probed Over Unlawful Campaign Contributions

A month ago, Virgina governor Terry McAuliffe signed a controversial order into law which restored voting rights to more than 200,000 convicted felons in Virginia. At the time we noted McAuliffe's close relationship with Hillary, and opposition comments that his action "doesn't speak of mercy. Rather, it speaks of political opportunism," and African American support in the state. All of which is by way of background as CNN reports today that McAuliffe is now being probed over questionable donations made to his campaign (from a Chinese businessman) during his time as a board member of The Clinton Global Initiative. We have three simple words: quid pro quo?

 

Anthony Wiener Calls Trump "F**kface Von Clownstick" As Bush Says Trump Supporters "Not A Bunch Of Idiots"

In a one-two punch that will likely only end up boosting Trump's approval rating as has been the case every time a member of the establishment, especially one as disgraced as Anthony Wiener, disparages the presumptive republican presidential nominee, yesterday morning Former Rep. Anthony Weiner also known as Carlos Danger, took a page from comedian Jon Stewart’s joke book, when the husband of Hillary Clinton aide Huma Abedin lashed out at Donald Trump calling the presumptive Republican presidential nominee "Fuckface Von Clownstick."

Trump Victory Odds Soar As The Hillary Clinton 'Death Cross' Strikes

ABC, Fox News, and Rasmussen now have polls suggesting Donald Trump leads Hillary Clinton nationally and for the first time during this campaign RealClearPolitics 'tracker' has Trump with a 0.2pt lead - the unofficial "death cross" of Clinton's campaign as Wayne Allyn Root right remarks "Hillary is sinking faster than the Titanic." Voters are putting their money where their polls are too as bookies odds of a Hillary victory in November are tumbling.

Caught On Tape: Feds Bust Biggest Ever Food Stamp Fraud In History

In Operation Stampede, what is being called the largest food-stamp trafficking takedown in history in terms of financial loss, law enforcement agencies filed federal charges last week against 22 Florida store owners or operators, including one convenience-store owner, in connection with schemes to illegally redeem food-stamp benefits for cash. the defendants fraudulently obtained more than $13 million dollars in EBT deposits for transactions in which the stores did not provide food.

The FBI Tried To Suppress 80,000 Documents On Saudi Ties To 9/11

The classified 28-pages of the 9/11 report have made global headlines lately as a handful of lawmakers battle to release them to the public. Those pages are believed by activists and members of Congress — who have seen them — to expose the role of Saudi Arabia, including government officials, in the terrorist attacks. But according to a new report based on years of investigative journalism, it turns out there are far more than 28 classified pages on Saudi Arabia and 9/11 — there are 80,000 kept secret by the FBI.