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Nike Cutting 2% Of Global Workforce

In a preview of more pain to come for US, and global, workers, moments ago Nike announced that it will soon be parting ways with approximately 2% of its 70,700 global workforce, or roughly 1,500 employees.

Falling Interest Rates Have Postponed "Peak Oil"

"The new crisis can be expected to be 'Peak Economy' instead of Peak Oil. Peak Economy is likely to have a far different shape than Peak Oil - a much sharper downturn. It is likely to affect many aspects of the economy at once. The financial system will be especially affected. "

17 AGs File Supreme Court Brief Opposing Trump Immigration Ban

Shortly after the 9th Circuit Court of Appeals ruled against Trump's "revised" travel ban in a largely moot decision as the White House already had appealed to the Supreme Court, moments ago 17 Attorneys General led by NY AG Eric Schneiderman, announced they are filing an amicus brief with the Supreme Court in opposition to Trump's "Muslim Ban." The AGs also argue that "this is not the right time for the Supreme Court to hear this case", an attempt to squash Trump's appeal before it is even heard.

FX Week Ahead Preview: Focus Returns To The US Economy As Politics Run Riot Once Again

FX Week Ahead: Focus returns to the US economy as politics have run riot once again. Theresa May clearly made a big mistake in calling the snap election, and the Pound has suffered accordingly. It is a key week for central banks next week, headlined by the FOMC meeting on Wednesday, which is widely expected to result in a 25bp rate hike as the Fed maintain course for ‘normalisation’. 

Which Colleges Give You The Best Value For Your Money

Surging costs have sunk the return on invested capital of a liberal arts degree into the single digits, so students who plan on leaving their safe spaces (basements) and venturing out into the working world after graduation might want to prioritize maximizing value.

Civil Asset Forfeiture: Another Stealth Tax

When you're a government agency, asking for a tax increase is always a hassle. For the most part, taxpayers don't like taxes, and if asked if they want to pay more, they're likely to often say "no." Moreover, when public officials pass tax increases, they may face the wrath of taxpayers at the ballot box. For this reason, governments are always looking for ways to get revenue without having to use tax revenue.

Drug Overdoses Now The Leading Killer Of American Adults Under 50

The opioid crisis that is ravaging urban and suburban communities across the US claimed an unprecedented 59,000 lives last year (a roughly 19% increase from 2015). Overdoses, made increasingly common by the introduction of fentanyl and other powerful synthetic opioids into the supply, are now the leading cause of death for Americans under 50.