Reuters

Frontrunning: August 2

  • European shares hit two-week lows, yen rises as Japan backs stimulus (Reuters)
  • Australia Rejoins Global Disinflation Fight With Record Low Rate (BBG)
  • Japan Cabinet Approves $274 Billion Stimulus Package (WSJ)
  • Yen Surges to Three-Week High as Japan Stimulus Underwhelms (BBG)
  • Warren Buffett Takes On Donald Trump at Hillary Clinton Rally in Nebraska (WSJ)

Germany Furious After Turkey Issues Ultimatum, Threatens With Refugee Exodus

Turkey's foreign minister has told Germany that “if there is no visa abolition, we will be forced to abandon the agreement struck on March 18 concerning taking back [refugees]” to which Germany's vice chancellor had a quick response: "Germany and Europe should under no circumstances be blackmailed."

Frontrunning: August 1

  • Global stocks hit highest in a year but banks take shine off Europe (Reuters)
  • Fed’s Dudley Warns It Is Premature to Rule Out an Interest-Rate Increase This Year (WSJ)
  • Fed’s Kaplan Says September ‘On the Table’ If Data Support (BBG)
  • Europe's stress tests fail to ease investors' bank sector worries (Reuters)
  • Trump’s Attacks on Khan Family Roil Race But May Not Alter It (BBG)

Rahm Emanuel Says Chicago Pension Crisis "Improving", Facts Show He Is Lying

Fridays in the summer are a great day to dump news you don’t want scrutinized, as reporters will tell you. Chicago Mayor Rahm Emanuel just dropped some propaganda, bragging about balancing the Chicago budget and fixing the city’s pension plans. While Reuters' Dave McKinney took the lies hook, line, and sinker; the facts behind the lies can be summarized thus: "the kicked can is not included."

Ireland Jails 3 Top Bankers Over 2008 Collapse... Instead Of Bailing Them Out

By means that could be termed dishonest, deceitful and corrupt, they manufactured 7.2 billion euros in deposits by obvious sham transactions,” Judge Martin Nolan of Ireland said as he convicted three top bankers on Friday for their role in the 2008 financial crisis. They are among the first in the world to be sent to prison for their involvement in the global meltdown eight years ago.

Another "Smoking Gun" Looms As Hillary Campaign Admits Server Hacked

In the third cyberattack on Democratic Party-related servers, Reuters reports that the computer network used by Democratic presidential candidate Hillary Clinton’s campaign was hacked. This follows hacks of the DNC and the DCCC (the party's fund-raising committee) in the past week. Who to blame this time? Well with US intelligence head Jim Clapper having exclaimed that he was "somewhat taken aback by the hyperventilation [blaming Russia]" by Democratic surrogates, we suspect another scapegoat will need to be found.

Why Reuters Is Tweaking Its Presidential Poll

A 13-point lead for Hillary Clinton on July 14 has vanished in two weeks with Donald Trump now leading in the polls by 1 point. This is clearly unacceptable to the establishment and so Reuters/Ipsos is taking matters into its own hands... and 'tweaking' its polling methodology.

From Socialist Utopia To Slave-Nation - Venezuela Unveils Shocking "Forced Labor" Law

While we here in the United States debate pressing issues, like the urgent need for gender-neutral bathrooms, the people of Venezuela remain entrenched in a food crisis that continues to sow widespread unrest which has become increasingly violent in recent months.  So what do you do if you’re the President of a Socialist government with mounting civil unrest and growing political opposition seeking your ouster via a recall referendum?  Well you enslave your entire nation, of course.