This is what happens when societies (and individuals) can’t face the true quandaries of a particular moment in their history. All of their attention gets channeled into fantasy: spooks, sexual freakery, conspiracies, persecution narratives, savior fairy tales. It’s been quite a cavalcade of unreality for the past six months, with great entertainment value for connoisseurs of the bizarre - until you’re reminded that the fate of the nation is at stake.
With sales slumping because of the new Philadelphia sweetened beverage tax, bottling giant Pepsi said it will fire 80 to 100 workers, or about 20% of its total employees in the city. The layoffs come in response to the beverage tax, which has cut sales by 40% in the city.
The primary problem in these negotiations is the EU nannycrat fools believe they can force the UK to pay ridiculous exit charges on top of other demands. The ideal approach for the UK is to simply walk away. What can the EU possibly do that does not hurt the EU even more than it does the UK?
South Africa President Jacob Zuma has called on parliament to change South Africa’s constitution to allow the expropriation of white owned land without compensation. Zuma, who made the remarks in a speech last Friday, said he wanted to establish a “pre-colonial land audit of land use and occupation patterns” before changing the law.
For many young people, the decision of whether to extend their education careers and attend university is a tough one to make. With soaring costs, Statista's Martin Armstrong notes, not all that choose to do a bachelor's degree graduate with the feeling that it was all worthwhile.
Newsmax CEO: "I spoke with the President twice yesterday about the wiretap story. I haven’t seen him this pissed off in a long time. When I mentioned Obama “denials” about the wiretaps, he shot back: “This will be investigated, it will all come out. I will be proven right."
The Great American Escalator is broken - and it badly needs to be fixed. With the election of 2016, Americans within the bubble finally learned that the 21st century has gotten off to a very bad start in America. Welcome to the reality. We have a lot of work to do together to turn this around.
The 20th century was a bull market for literacy, freedom, prosperity, health, and technology. However, things have changed since the turn of the century - freedom has actually declined on a global basis for the last 11 years.
While the stock market (and VIX) signal utter calm, signs of stress are very clear in America's money markets. With Treasury's cash balance plunging to just $108bn this week as the debt ceiling deadline looms, newly ensconced Treasury Secretary Steven Mnuchin will be forced to order “emergency measures” to effectively buy more time for the government to pay its creditors and cover revenue shortfalls to keep the government operating.