• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

Illinois

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Strippers Suffering From Low Oil Prices





With prices below $50, what is a stripper to do?

 
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Supreme Court Declines To Consider Challenge To Assault Weapons Ban





“A ban on assault weapons and large-capacity magazines might not prevent shootings in Highland Park (where they are already rare), but it may reduce the carnage if a mass shooting occurs. If a ban on semiautomatic guns and large-capacity magazines reduces the perceived risk from a mass shooting, and makes the public feel safer as a result, that’s a substantial benefit.”

 
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Spreading E-Coli Infection Results In Another Chipotle Stock Puke





After plunging to 17-month lows just 2 weeks ago on a CDC report that ecoli was more widespread than previously believed, Chipotle Mexican Grill is plunging once again on a new CDC report of seven more ill people and Illinois, Maryland, and Pennsylvania have been added to the list of states reporting illnesses, bringing the total to nine states.  

 
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Chicago's John Hancock Building Fire Is Out, Police Report 1 Injured





A fire burning in a residence on the 50th floor of the John Hancock Center in Chicago has been put out according to the city’s fire department.

The infamous John Hancock building in Chicago is on fire. CNN reports, and the following tweets show, flames visible halfway up and enormous plumes of smoke amid the freezing Illinois air. The fire is in the northeast corner of what appears to be the 50th floor of the building. The Chicago Tribune reports at least six ambulances were called to the scene. Authorities have shut down Michigan Avenue, which will be holding the Magnificent Mile Festival of Lights Parade Saturday evening.

 
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Refugee Blowback: More Than Half Of America's Governors Oppose Entry Of Syrians





First it was Texas. Then five other states - Louisiana, Alabama, Arkansas, Indiana, and Michigan - followed in refusing to admit any Syrian refugees. It has since became an avalanche, and at last check, at least 27 states - represented by more than half the nation's governors - say they oppose letting Syrian refugees into their states.

 
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The Next Chicago? Houston Faces Pension Crisis In Latest Example Of Local Government Fiscal Folly





“If they end up doing nothing to address this budget issue ... Houston could be facing the same problem Chicago is now."

 
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Can't Afford To Buy A House? Buy It Anyway Housing "Experts" Advise





“In metros with high-income growth, unaffordable mortgage payments can become affordable within a few years. For millennials, buying an unaffordable Home isn’t always a bad idea."

 
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"The Populist Upsurge is Real" When A Liberal College Professor Finds Common Ground With The Tea Party





People are going to be pissed off no matter who wins this election and that is a very important social dynamic that is vastly under appreciated by the majority of mainstream pundits and analysts out there. The truth is, the American public is tricked into thinking they disagree with each other on the big issues, when in reality there’s enormous overlap. Until we stop being tricked, the status quo will continue to suck the economy dry through their religious-like embrace of corruption and crony capitalism. Unfortunately, the people who could benefit the most from reading this post, will never see it.

 
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As Q3 Earnings Season Winds Down, A Summary Of Where We Stand And The 4 Main Themes From Conference Calls





With the third quarter earnings season almost over, and 90% of companies having reported, here is a quick look at where we stand and what has emerged as the 4 main themes during earnings calls.

 
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Cops Around The Country Quietly Begin Rebelling Against The Drug War





In May, Police Chief Leonard Campanello of the Gloucester, Massachusetts Police Department announced via Facebook that his department would adopt the new policy of treatment over arrest. Five months since the program launched, Campanello reports positive results: over 260 addicts have been placed in treatment. This summer, shoplifting, breaking and entering, and larceny dropped 23% from the same period last year. “We are seeing real people get the lives back,” he said. “And if we see a reduction in crime and cost savings that is a great bonus.”

 
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Cop Arrested For Shooting Himself, Blaming It On Motorist





On the heels of yesterday's news that an Illinois cop staged his own suicide after being caught stealing money from a kid's fund, today's news is just pouring more fuel on the fire of public faith in America's police force. Late last month, an Arkansas police officer sparked a manhunt and investigation after claiming a motorist shot him during a traffic stop. In reality, the officer shot himself, and once authorities discovered this, he was subsequently fired and arrested for filing a false police report.

 
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In "Ultimate Betrayal" After Massive Manhunt, Illinois Cop's Death A "Carefully Staged Suicide"





The Illinois cop, whose death sparked a massive manhunt in September, fatally shot himself in a "carefully staged suicide" after committing "extensive criminal acts," police said Wednesday according to NBC News. Initially hailed as a hero after his death, Fox Lake, Illinois, police Lt. Joe Gliniewicz is now likely to be remembered by another label: a betrayer. As the local police commander told CNN, the officer placed his equipment at the scene in an "attempt to mislead first responders and investigators to believe this was a homicide," and far from being a hero, Gliniewicz "committed the ultimate betrayal" with his actions over the past several years which included stealing and laundering money from a program that mentored young people.

 
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