Tyler Durden's picture

Texas Schools Caught Manipulating Quotes To Push Christianity On Students

A public school district in Eastern Texas is under fire amid allegations it made up quotes by famous figures in order to promote Christianity to its students, posting them to the walls of the four schools in the district. The Mount Vernon Independent School District is accused of misattributing quotes to George Washington and Ronald Reagan among others and faces demands to remove the false statements from its walls.

Tim Knight from Slope of Hope's picture

Me So Einhorny!

Well, David Einhorn has clay feet, just like you and me, so.........naturally..........this very public announcement came within days of the stock's highest point in history

Tyler Durden's picture

Laszlo Birinyi Projects S&P 3,200 Within 2 Years, Squeaks "It's All Noise, Don't Worry"

"It's all noise," squeaks Laszlo Birinyi, deflecting concerns about revenues, earnings, Europe, China, commodities, and rates as he unleashes his latest extrapolation. "If we continue to grow at 11bps per day, the S&P will be at 3,200 within 2 years," he warbles as he hopes his ruler - which missed its 2013 projection by 1100 points - is forecasting better this time.

Tyler Durden's picture

Greek Bank Stocks Crash Again Amid Fresh Signs Of Economic Disintegration

After trading limit-down on Monday when Greek stocks opened for trading for the first time since PM Alexis Tsipras called a referendum, shares of Greek banks once again flirted with the daily 30% loss limit on Tuesday as there were simply no bids for a set of institutions that everyone knows is insolvent. Meanwhile, Kathimerini reports that "the state’s losses from indirect taxes alone in the first couple of weeks of capital controls and the shuttering of banks [amounted to] more than half a billion euros."

GoldCore's picture

Gold Sentiment Is Just Plain Ugly

The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold aggressively, hedge funds that own gold are being "outed". The market pundits are are sticking the proverbial knife in and twisting it with glee. 

Tyler Durden's picture

Greece May Miss ECB Payment As Germany Says Bailout Timeline Is Unrealistic

With Greece facing a critical €3.2 billion payment to the ECB on August 20, creditors are under immense pressure to conclude official discussions on a third bailout program within the next three weeks. Now, Focus magazine says some German officials doubt whether the quadriga's timeline is realistic. 

Tyler Durden's picture

German Government Launches Investigation of Journalists for Treason

Widespread outrage across Germany is erupting following the revelation that the nation’s Attorney General has launched an investigation into treason charges for two journalists working for Netzpolitik. The charge is treason. The crime is journalism.

Tyler Durden's picture

The Real Story Behind Turkey's US-Backed "War On Terror"

To let the media tell it, recent "attacks" - including a suicide bombing that killed 32 people earlier this month - have prompted Turkey to officially join the fight against ISIS. In reality, Ankara's motivations can be explained not by a desire to rid the world of "terrorists", but by considerations of political expediency and by an autocrat's insatiable thirst for power.

Tyler Durden's picture

An Exasperated Tsipras Calls For Syriza Referendum On Bailout Cancellation

Speaking to a gathering of some 200 Syriza lawmakers on Wednesday, Greek PM Alexis Tsipras drew a line in the sand, insisting that the divisions within the party cannot persist. In a dramatic move, Tsipras called for a party referendum on Sunday to decide once and for all whether Syriza lawmakers will support the bailout or push for its cancellation.

Tyler Durden's picture

Frontrunning: July 30

  • Second-quarter GDP seen rebounding on consumer spending, housing (Reuters)
  • China Stocks Fall as Traders Puzzle Over Sudden Late-Day Swings (BBG)
  • European 'alliance of national liberation fronts' emerges to avenge Greek defeat (Telegraph)
  • Thomas Cook warns on earnings over Greece (MW)
  • Largest Greek toy seller Jumbo warns of hit from capital controls (Kathimerini)
  • Chevron and Exxon Get the Plaudits, but Some Smaller Drillers Faring Well (WSJ)
  • Schäuble outlines plan to limit European Commission powers (FT)
  • UBS Deal Shows Clinton’s Complicated Ties (WSJ)
Tyler Durden's picture

The True Minimum Wage Is $0 Per Hour

The minimum wage is not what is commonly referred, as is being proven again as parts of the US experiment directly with this boundary. In New York, fast food workers have been given a $15 per hour minimum wage which is being celebrated by the same fast food workers who will bear the brunt of the experimentation. Some of them will be happy with the results, but there will be clear losers – the full wrath of redistribution is usually unseen which is why it persists.

Tyler Durden's picture

Frontrunning: July 28

  • Fed Officials May Offer More Clarity on Rates (WSJ)
  • Stocks rebound, shrugging off volatile and weak China (Reuters)
  • Three-Day Selloff Knocks 11% From China Shares (WSJ)
  • China shares fall again as Beijing scrambles to calm markets (Reuters)
  • VAT hikes to make Greek destination less popular (Kathimerini)
  • Varoufakis - Something is rotten with the eurozone’s hideous restrictions on sovereignty (FT)
  • EU denies Varoufakis 'tax control' claims (FT)
Tyler Durden's picture

A Philadelphia Story - 30 Blocks Of Squalor & Government Incompetence

The 30 blocks of squalor from 69th Street in Upper Darby to 39th Street in West Philly is a tribute to government incompetence, failed government policies, shoddy union labor practices and fiscal mismanagement.

Tyler Durden's picture

What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out "Malicious Sellers"

After pledging a whopping 10% of China's GDP, or just about $1 trillion, to its various (at last check over 40) discrete measures to prop up its collapsing market, among which such threats as arresting shorters of stock and "malicious sellers", China has finally reverted to what the communist regime does best to preserve "order" - implement witch hunts in which the population rats out any criminals who dare to go against the protocols of the communist party. In this case, the targets are "malicious sellers" with the regulator adding that those found guilty of shorting will be "dealt with severely."

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