China’s top envoy in British Columbia slammed the Canadian province’s new 15% tax on foreign home buyers, questioning the justification behind the hastily imposed measure. "Why a 15 percent tax? Why now? Why this rate? What’s the purpose? Will it work?" Liu Fei, China’s infuriated consul general in Vancouver.
Illinois Governor Bruce Rauner was furious on Friday after unsuccessfully waging a last-minute battle to block the Teacher Retirement System pension fund from cutting its long-term return assumption from 7.5% to 7.0%, a move that puts the cash-strapped state government on the hook for up to $500 millions of dollars more in the short term.
According to Jeffrey Miller, "all the conditions for a market crash are in place" but when it happens is anyone's guess and ultimately depends on "how dumb things will get before" central banks finally stop.
"Rather than the NSA hacking tools being snatched as a result of a sophisticated cyber operation by Russia or some other nation, it seems more likely that an employee stole them. If Snowden could not have stolen the hacking tools, there are indications that after he departed in May 2013, someone else did, possibly someone assigned to the agency’s highly sensitive Tailored Access Operations."
The transition from a unipolar to a multipolar reality has already changed many aspects of international relations. A revolution that will change everything like nothing in recent history is taking place, forever altering the delicate balance upon which international relations hitherto rested.
The person willing to pay top dollar is called the "marginal buyer". Most of us don't really think about him much, but he (or she) is very, very important. Why? Because the marginal buyer not only determines price levels, but also their stability and degree of volatility. The behavior of the marginal buyer, as well as the degree of competition for his/her "top dog" spot, sets the prices of nearly every asset class held by today's investors.
Following the Friday night dump of Democratic files released by the hacker Guccifer 2.0, House Minority Leader Nancy Pelosi said that after receiving "scores of mostly obscene and sick calls, voicemails and text messages", she she was forced to change her number. Pelosi added that she was on a flight to from Florida to California when the information was released, and received the unwanted messages upon landing.
"I am not saying that I believe Donald Trump is trying to throw the election to Hillary Clinton, but I am saying this is a prospect that is now worth seriously considering if the endless series of Trump blunders and gaffes continues."
Unfortunately, it appears too late to reverse the tidal wave of system failure that has been brewing for three decades now.But there is a sliver of hope.If Donald Trump is elected, eschews a law and order crusade and does not capitulate to the destructive policies of the Wall Street/Washington/bicoastal establishment, there is a way forward..