After four long years of ensuring the detail behind the US Government’s role in running guns to Mexico (aka "Fast and Furious") never saw the light of day, the "most transparent administration in history" has finally released the requested documents to the House Oversight Committee. It is not lost on anyone that this is taking place well after it could do any significant damage to the Obama administration.
If this was the work of the CIA, it was an extremely sloppy and obvious hit job. On the other hand, if this was the work of Putin for the purposes of blackmail, it’s one of the most ingenious chess moves I’ve ever seen played on the global stage. If this theory is correct, it’s the worse case scenario for American citizens. So if Putin is behind this, and does have the goods on the U.S. elite, not only do we not get rid of the these corrupt oligarchs, we now have to live with them in an even more compromised state than they were before.
Today the largest U.S. health insurer, UnitedHealth, announced it has decided to pull the plug on two state Obamacare markets. Going forward, UnitedHealth said it will no longer sell plans for next year in Georgia and Arkansas, according to state insurance regulators. Tyler Mason, a UnitedHealth spokesman, confirmed the exits and declined to say whether the company would drop out of additional states
Bill Clinton spent more than 10 minutes confronting the protesters at a campaign rally in Philadelphia for his wife over criticisms that the crime bill he approved while president led to a surge in the imprisonment of black people. Clinton's speech devolved into confusion when several protesters heckled the former president mid-speech and held up signs, including one that read: "CLINTON Crime Bill Destroyed Our Communities."
This conflict between government and liberty, brought to a boiling point by the world’s biggest bankruptcy in history, has generated the angry protests that have spontaneously broken out around the country - and the world. The producers are rebelling and the recipients of largess are angry and restless. The crisis demands an intellectual revolution. The choice we now face: further steps toward authoritarianism or a renewed effort in promoting the cause of liberty. There is no third option.
"The Game Is Rigged": From Luxurious Lake Como Villa, Finance Professor Admits "QE Adds To Inequality"Submitted by Tyler Durden on 04/08/2016 11:07 -0400
"I think QE adds to income inequality... I think that people are willing to support capitalism if capitalism is providing growth, providing better income for everybody, and also if it has some at least appearance of being fair. Unfortunately, none of these conditions are in place today in the United States. I think that growth is limited, and disproportionately goes to a small fraction of the population. And there is a sense that the game is rigged."
How do the ultra-wealthy become ultra-wealthy? They do it the old-fashioned way.
Earlier today, Putin denied having any links to offshore accounts and described the Panama Papers document leaks scandal as "part of a U.S.-led plot to weaken Russia." Putin described the allegations as part of the U.S.-led disinformation campaign waged against Russia in order to weaken its government. "They are trying to destabilize us from within in order to make us more compliant," he said. "So here we've got some friend of the Russian president, he has done something, probably there is an aspect of corruption to it... But what aspect [exactly]? Well, there is none."
Whenever the topic of recession comes up, the mainstream and especially economists (redundant) become quite defensive about the possibility. Just a few days ago, presidential candidate Donald Trump claimed the US was headed for “a very massive recession” and that it was “a terrible time right now.” The Washington Post, as you would expect, was skeptical of the claim because orthodox economics will have none of it, writing that Trump is “embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts," because there is no obvious recession, only unexplained (to the mainstream and economists) slowdowns, nobody feels the boiling water...
The unintended consequences of a minimum wage hike in a weak economic environment are not inconsequential. Furthermore, given that businesses are already fighting for profitability, hiking the minimum wage, given the subsequent “trickle up” effect, will lead to further increases in productivity and “off shoring” of jobs to reduce rising employment costs. So much for bringing back those manufacturing jobs.
At the end of the day, Trump has petrified the Wall-Street Washington establishment for good reason. He loudly rejects the War Party consensus on foreign intervention. And he has tapped into a deep vein of main street alienation from the phony recovery and economic fixes promulgated by the Fed and its beltway henchman.
David Cameron and his wife owned shares in the Panamanian trust set up by his late father, before selling them for around £30,000 in 2010, he has told ITV News. The prime minister made the revelations about his involvement with the offshore fund set up by his father Ian - exposed in the Panana Papers - in an interview with Political Editor Robert Peston. Mr Cameron said he made a profit on around 5,000 units the couple owned in Blairmore Investment Trust, but insisted the money was subjected to UK tax rules.
Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a report by New World Wealth. About 3,000 individuals with net assets of $1 million or more (not including their primary residence) moved from the city last year, representing about 2% of the city's high net worth individuals. It is unclear where they went: cities in the United States that saw a net inflow of millionaires included Seattle and San Francisco. One thing is certain: they couldn't wait to get out.
"In a draft of his San Francisco presentation, Rothschild’s Penney wrote that the U.S. "is effectively the biggest tax haven in the world." The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so."
Hillary Clinton’s paid speeches are not relevant because of anything that they said, but because the organizations that paid typically $225,000 to her, for each of them, were paying a servant, for extremely valuable services that that servant is being expected to provide to the owners and top executives of that organization if that servant becomes the U.S. President (or, in the case of her husband Bill) for valuable services that already were provided by that servant when he was a President. They’re pay-offs, for services that are anticipated, or else that have already been provided. They are not (such as the author was assuming) for “the speech.”