Billionaire California real estate developer John Sobrato is looking to convert 200 steel shipping containers into micro apartments that can be rented out homeless and low-income families...but wealthy Santa Clara residents have already started a petition confirming that they're all for subsidized housing for the homeless so long as it's not in their neighborhood.
Millennials finally get to claim a trophy for an achievement they actually earned (no participation medals here)...that's right, Millennials have officially set a 75-year record for highest percentage of young adults living at home with mom.
Total chaos reigns in European banking stocks this morning as Monte Paschi shares crash, soar, and plunge amid on-again, off-again bail-in, bail-out headlines (and stocks and bonds hit record lows). However, Italy is now not alone as Spanish banks are also bloodbathing following a European Court ruling on mortgage fraud went against them.
Global markets begin the last full week of trading of the year in subdued fashion, with U.S. equity futures rising 0.1%, to 2,258.5, European shares decline, halting two straight weeks of gains, and Asian shares hitting a four-week low.
Russia is a 3rd world country with Nuclear Weapons. Don't worry about them being a threat to your home network anytime soon. They aren't hacking US elections. They have serious problems to solve first.
Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can’t be filled, is the ticking time bomb facing the US economy which faces dramatic cuts in public services - and potentially riots reminiscent of Athens six years ago - according to former Federal Reserve advisor Danielle DiMartino Booth.
Let the hoi polloi cast a meaningless vote, so they have the illusion of being in control. Instead of seeing themselves as subjects, they’ll think they’re “we the people,” who actually have some say in what happens. That way they’ll pay their taxes willingly, enthusiastically sign on to aggressive wars on the other side of the world against people they know nothing about, and generally do as they’re told. Because it’s supposed to be patriotic. “Democracy” is a much more effective scam for controlling the plebs than kingship or dictatorship.
David Brock, recently described by Politico as “the Democrats’ dark-arts master,” has some explaining to do. His organization, Media Matters for America, has failed to report to the IRS over $1 million in sublet rental income from 2010 to 2014. David Brock and his allies are most likely pocketing that money for themselves.