• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

New York City

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Don't Sleep Through The Revolution: A Graduation Message For A Dark Age





Unfortunately, we who should have known better failed to guard against such a future. The world is disintegrating on every front - politically, environmentally, morally - and for the next generation, the future does not look promising. The following bits of wisdom, gleaned from a lifetime of standing up to injustice and speaking truth to power, will hopefully help them survive the perils of the journey that awaits...

 
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Is This The Ultimate Act Of A Frantic Establishment Willing To Do Anything To Stop Trump?





As Donald Trump inches closer to the Republican nomination, GOP insiders scramble to put a halt to the billionaire’s run for the White House. A new lawsuit filed in the state of California could prove to be the ultimate act of desperation by a frantic establishment willing to go to any lengths to end Trump’s bid for the Oval Office. However, if the allegations contained within the court documents are found to be true, they would not only spell the end of Trump’s presidential aspirations, but most likely his brand as a whole.

 
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"We Want Them Dead" - ISIS Releases "Hit List" Of 3,600 New Yorkers





The FBI is notifying unsuspecting targets after the release of an ISIS hit list that includes thousands of New Yorkers. The names on the list were released last week. ISIS has urged urged followers of the militant group to target these 3,600 individuals and to facilitate that the hacker group has posted their personal information with the demand that "we want them #Dead."

 
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"There’s Some Crazy Stuff Going On In New York" As Rental Glut Finally Hits The Bottom Line





"New York City just turned very quickly and more deeply than we expected. We had to join the concession party to close deals." Chief Operating Officer David Santee said during the Q1 earnings call, also adding that with the city accounting for 20% of the firm's revenue "if you can't achieve 3 or 4 percent rate growth here, then it's going to impact your bottom line."

 
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"We All Work As A Team" - Millennials Explain How It's Going Living 'Rent-Free' At Home





"I had an apartment in Chicago. It was tiny and expensive. I was miserable. I moved back... My parents have done so much for me, and now they're letting me live here rent-free, so I try to help out. I pick up my sister from school, do the dishes or whatever chore needs to be done. My mom makes dinner. We all work as a team."

 
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What $499,000 Buys You In Brooklyn: A 20-by-97 Foot Lot With A "House"





Today we find a "palatial" 20-by-97 foot lot with a "house" on it. Located in Brooklyn and going for a reasonable $499,000, interested parties should pick up the phone while the offer still stands. The price has been strategically set to come in just under half a million dollars, which will undoubtebly lead to more offers.

 
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America's Millennial Dream: Making 20% Less & Drowning In Debt





Millennials have now overtaken baby boomers as America's largest living generation according to Pew Research. Americans aged 18-34 are going to college, getting into debt, entering into the workforce at minimum wage, and living with their parents. The very definition of the American dream isn't it? Imagine if Obama hadn't saved the world's economy, as he so humbly said he did.

 
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A Manhattan "Pool In The Sky" - For The Billionaire Who Has Everything Else





If you have a lot of disposable cash, and a desire to go swimming 28 storeys above the Manhattan streets in a pool connecting two buildings, you're in luck.

 
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Censored, Surveilled, Watch-Listed, & Jailed: The Absurd Citizenry Of The American Police State





With the help of automated eyes and ears, a growing arsenal of high-tech software, hardware and techniques, government propaganda urging Americans to turn into spies and snitches, as well as social media and behavior sensing software, government agents are spinning a sticky spider-web of threat assessments, behavioral sensing warnings, flagged “words,” and “suspicious” activity reports aimed at snaring potential enemies of the state. It’s the American police state’s take on the dystopian terrors foreshadowed by George Orwell, Aldous Huxley and Phillip K. Dick all rolled up into one oppressive pre-crime and pre-thought crime package.

 
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Stories Of Despair From The Forgotten People That The U.S. Economy Has Left Behind





There really are “two Americas” in 2016, and they are getting farther and farther apart with each passing year.  On the one hand, you have lots of people smiling in New York City these days because of the stock market boom, and property values have soared to ridiculous levels in San Francisco because of the tech bubble.  But in between the two coasts there are vast stretches of forgotten people that the U.S. economy has left behind. 

 
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Who Will Win The Next Five States: The "Presidential" Walk-Thru





Coming off big wins in New York this week, Donald Trump and Hillary Clinton look to move one step closer to the nomination next Tuesday as five states (Connecticut, Delaware, Maryland, Pennsylvania, Rhode Island) will be choosing their candidate.

 
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As Expected, New York's Primary Is Already A Pathetic Mess





“They told me the key to the building had not arrived yet...I am sure there are many people who tried to vote and had to leave who will not be able to come back,”

 
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Massive NJ Brushfire Visible From Manhattan Suspends NJ Transit, Amtrak





New Jersey transit trains between Newark and New York City have been suspended due to massive brush fires according to abc7 news. The fires started in the Meadowlands in Kearny and Secaucus sometime around noon.

 
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Hedge Funds Slammed: Tudor Hit With $1BN In Redemptions; NYC Pensions To Pull $1.5BN From Key Names





In a world in which the average hedge fund has failed to outperform the stock market for 8 years running, many have asked themselves what is the point of paying 2 and (not so much 20) to consistently underperform a global asset class which is now actively micromanaged by central banks themselves. And while redemptions from hedge funds have been growing in recent months, coupled with the first year since the crisis in which more hedge funds shut down than were created, it all culminated moments ago when Bloomberg reported that clients of none other than hedge fund legend Paul Tudor Jones have asked to pull more than $1 billion after three years of lackluster returns.

 
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