Washington D.C.

Watch Live: Janet Yellen Tells America "Growing Up Poor Makes It Harder To Succeed As An Adult"

This morning Yellen has decided to continue her trolling of the US population, and following her September 2014 speech in which she explained to the poor, that it is important to get rich, in today's speech Yellen tells her audience that “considerable evidence shows that growing up poor makes it harder to succeed as an adult." Maybe it's time to give every baby a million dollars then?

Pelosi, Schiff Slam "White House Surrogate" Nunes' "Act Of Diversion & Desperation"

"The unprecedented comments of Chairman Nunes are an act of diversion and desperation. The Chairman's highly irregular conduct with the White House raises serious questions about his impartiality, especially given his history as part of the Trump Transition team.... Chairman Nunes is deeply compromised, and he cannot possibly lead an honest investigation."

New Zealand Expels US Spy With Broken Nose And Black Eye, After "Incident"

It's not just US-Russian relations that have devolved to the level of spontaneous diplomat expulsion.  According to Reuters, New Zealand has expelled an attache at the U.S. Embassy after Washington refused to waive his right to diplomatic immunity in relation to a police investigation of a potentially serious crime, after an "incident" which gave him a broken nose and a black eye, media and authorities said.

Key Events In The Coming Week

The key economic releases this week are the new home sales report on Thursday and the durable goods report on Friday. In addition, there are several scheduled speaking engagements by Fed officials this week, including a speech by Chair Yellen on Thursday.

New Study In D.C. Finds That New $15 Minimum Wage Could Cost 1,200 Jobs

"This study proves what we’ve known all along: this dramatic D.C. wage hike will hurt the most vulnerable in the District, costing them jobs and important economic opportunities.  D.C. must focus on creating more good-paying jobs for workers that need them the most and it’s clear an artificial minimum wage increase is the wrong approach to achieving this goal."

Comet Pizza Gunman To Plead Guilty In Plea Deal With U.S. Attorney

Edgar Welch, the man who stormed the Comet Ping Pong pizza restaurant back in December with a .38-caliber Colt revolver and an AR-15 in search of an alleged pedophilia ring, thought by a group of online conspiracy theorists to be tied to various members of Hillary's inner circle, has agreed to enter into a plea bargain deal with the U.S. Attorney's office.

Centralization's Slide Into Oblivion

As its defenders tax the system to protect what no longer works (except for them, of course), the slide to oblivion accelerates as the system breaks down under the collective weight of all the skims, scams and rackets benefiting the few at the expense of the many.

50 Million Americans Brace For "Crippling Blizzard" In Northeast

A major Nor'easter threatens to shut down travel due to heavy snow and strong winds from Washington, D.C., to New York City and Boston early this week, as weather forecasters on Sunday put the U.S. East Coast on a blizzard watch, warning some 50 million people of potential snowfall from 12 to 18 inches, coupled with wind blasts in some areas from Monday night into Wednesday.