Despite the arguably undemocratic, obfuscating nature of our nation’s campaign finance laws and the blatant corporatist agenda mandated by the Supreme Court, let’s attempt to break down the major sources of political spending so far in the 2016 presidential election. You may be surprised to find out who is donating money to your candidate — and how that contribution may affect future policy positions.
"We are seeing more globalization as Southern California has become a destination for international buyers," said Mark Hughes, chief operating officer with First Team Real Estate, covering the Southern California market. "Eighty percent of new construction in Irvine last year was sold to Chinese buyers. International buyers are driving home prices up and sometimes out of reach for many local residents."
For the 5th month in a row, Case-Shiller home prices missed expectations and dropped 0.2% MoM in July (the biggest drop since July 2014). Year-over-year, home prices have been stable around a 5% increase for 6 months which seems oddly linear and seasonally-smoothed, but broad price gains YoY also disappointed again, rising 4.7% (against 5.2% expectations). San Francisco and Denver continue to see the highest YoY gains (10.4% and 10.3% respectively) and Phoenix posted its 8th consecutive annual gain - the longest streak among the 20 major cities Case-Shiller track.
Another day, another story highlighting just how completely corrupt and sleazy the U.S. economy has become... The U.S. government is subsidizing the wealthiest developers to build projects for the wealthiest Americans. Someone must have taken a class taught by the Federal Reserve. Just another day in the imperial Banana Republic.
- One Volatile Week Could Seal Fed Stance After Years of Low Rates (BBG)
- Fed to dominate week of central bank meetings (Reuters)
- 30 years on, parallels with Plaza but currency universe very different (Reuters)
- Wal-Mart's Suppliers Are Finally Fighting Back (BBG)
- China's Rising CPI, Deepening PPI Deflation Challenges PBOC (BBG)
- Petrobras spending plan already obsolete, new cuts likely (Reuters)
- Bank of Montreal to Buy GE Capital’s Transportation-Finance Unit (WSJ)
In yet another somewhat surreal twist in The Donald's path to The White House, Fox Business reports the long, sometimes contentious relationship between Donald Trump and Steve Wynn has taken another turn, with the Las Vegas casino magnate serving as an unofficial adviser to Trump’s presidential campaign. Having known each other for 30 years, Fox's Gasparino notes that they have clashed in the past (Wynn on Turmp in 1998 "He's a fool," and Trump on Wynn "he's a very strange guy.") but in recent years both have been critical of the leftward tilt of the Democratic Party and president Obama.
This Fraud Of A Company Is Trying To Sell Stock, But Who Cares: Here Are Semi-Naked Women In BikinisSubmitted by Tyler Durden on 08/20/2015 18:14 -0400
Some know it as one of the longest running Las Vegas pre-bankruptcy dramas. But what Caesars Entertainment really is, is the biggest hedge fund hotel in "special situation" history: with "investors" such as Paulson, Omega, Canyon, Soros, JMB, Scoggin, Och Ziff and many others, this is quite literally the who is who of biggest and baddest US hedge funds.
Trump has been playing the media with his supposed presidential ambitions for years, but it was clear then that it was just The Donald doing what he does best – promoting himself. And so the question jumps out at us: Why now? Although we have no concrete proof of the theory, there’s plenty of circumstantial evidence. His ties to the Clintons, his past pronouncements which are in such blatant contradiction to his current fulminations, and the cries of joy from the Clintonian gallery and the media (or do I repeat myself) all point to a single conclusion: the Trump campaign is a Democratic wrecking operation aimed straight at the GOP’s base. Donald Trump is a false-flag candidate.
With apologies to his fans, Jerry is an evil little mouse who constantly pesters Tom the Cat. Tom tries and tries, but cannot seem to overpower someone who is a fraction of his size and strength.
The Greek default is a forcible contraction of credit, and bound to be negative for the prices of ordinary assets. But something extraordinary happened to silver this week.
It’s happening. As expected, dynastic politics is prevailing in campaign 2016. After a tease about as long as Hillary’s, Jeb Bush (aka Jeb!) officially announced his presidential bid last week. Ultimately, the two of them will fight it out for the White House, while the nation’s wealthiest influencers will back their ludicrously expensive gambit. And here’s a hint: don’t bet on Jeb not to make it through the Republican gauntlet of 12 candidates (so far). After all, the really big money’s behind him.
This is it, warns one water advocate, "it really does (make critical) the fact that we have to start changing." Lake Mead water levels have sunk to their lowest levels on record (below the levels when the dam was built) at 1075 feet. This is a major problem, as USA Today reports, since Las Vegas water authority's current "straws" glean water from 1,050 feet and 1,000 feet - leaving the first straw just 25 feet away from pulling in air. With the drought only set to get worse as the summer begins, the water wars are just beginning as Lower-basin states are still taking more than the river system can sustain.