Nomination

Today’s task for the Republican establishment... Between now and March, they must settle on a candidate, hope his rivals get out of the race, defeat Trump in one of the first two contests, or effect his defeat by someone like Carson, then pray Trump will collapse like a house of cards. The improbabilities of accomplishing this grow by the week, and will soon start looking, increasingly, like an impossibility - absent the kind of celestial intervention that marked the career of the late Calvin Coolidge.

*BIDEN SAYS HE WON'T SEEK DEMOCRATIC PRESIDENTIAL NOMINATION
*BIDEN: ATTEMPT TO UNDO OBAMA LEGACY WOULD BE `TRAGIC MISTAKE'

Most of you will be quite familiar with Peter Schiff. Fewer of you will know much about his father, Irwin Schiff, who was posthumously referred to as the “grandfather of the contemporary tax protest movement” in Forbes. Irwin was treated very poorly by his own country, particularly toward the end of his life when, despite being legally blind and dying of cancer, he was not permitted to die in peace amongst family members.

Whoever get elected in 2016 is going to face a crisis every bit as terrible as the crisis of 1860, only this time when the country blows it could come from a dozen different directions and be a lot harder to fix than the secession of Dixieland.

Depending on one’s point of view, Bernie Sanders either held his own or boosted his chances against perceived front-runner Hillary Clinton in Tuesday night’s Democratic presidential primary debate. Regardless of whether Sanders ultimately secures the nomination, the size and energy of the Bernie phenomenon should not be underestimated. If anything, libertarians consistently misjudge the degree to which socialist thought is deeply rooted in the American psyche.

Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed. These critics have insisted that it is unbridled capitalism, set loose on the world, which is the source of all of our personal and society misfortunes. The political and economic crises through which the world suffers is not the crisis or failure of the free market. No, it is the crisis and failure of the interventionist-welfare state, and its anti-free market capitalist ideology.

After yesterday's not one, not two, but three campus shootings, which come a week after the latest mass killing at Umpqua Community College left 10 people dead, it was only a matter of time before the administration would pick up where it left off shortly after the Sandy Hook shooting of December 2012. The time has arrived, and according to The Hill after Obama's failed efforts to implement any form of gun control in early 2013 fizzled, the lame duck president is preparing to do what he has been threatening to do for a long time, by issuing a new executive action on gun control.

Late last week, after looking at Valeant soaring default risk as measured by the price of its blowing out CDS, soaring to over 30% even as its stock prices was surging, we wondered - does someone know something? It appears someone may have known that this weekend, the same Andrew Pollack whose NYT article exposing Turing's 5000% price increase resulted in Hillary Clinton promising to cap specialty biotech prices if elected, has come back for round two and after taking aim at Shkreli and Turing, much to the chagrin of Bill Ackman, Pollack is now taking aim at the biggest culprit: Valeant Pharmaceutcals.

With the "above the law" Federal Reserve coming under increasing pressure to answer a Senate investigation's questions about the 2012 "leak", it appears the proximity of the probe to Janet Yellen, has forced The Fed to 'fess up and throw someone under the bus. Meet Seth Carpenter, a nominee for assistant Treasury secretary for financial markets...

On June 18, a donation of $500,000 was made to the Fiorina-supporting PAC by Keep The Promise I. Not only is Keep The Promise I a generous contributor who believes in Fiorina’s presidential aspirations enough to fork over half a million dollars — it also happens to be a Super PAC set up to fund a political rival of Fiorina’s and fellow presidential candidate, Senator Ted Cruz.

"I would not advocate that we put a Muslim in charge of this nation. I absolutely would not agree with that."

"It’s my sense that this is happening, unless they change their minds"...

And then there were eleven (in tonight's main event)...

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