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The Great Hollowing Out Of The Middle Class: New Business Formation Collapses

For a country that prides itself (or used to at least) on the success of the entrepreneur and small business creation, a disturbing trend has developed. According to according to a new analysis by the Economic Innovation Group, fewer new businesses were created in the last five years than any other period since at least 1980..."It's hard to put into scale the collapse of new business formation. We have no precedent for that rapid and steep of a decline. It will have a ripple effect in the economy."

Murder-Suicide Kills Two At UCLA

Police said there were two shooting victims on UCLA's campus Wednesday but did not specify if the victims had been killed or injured.

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How to Play Amazon (Video)

Momentum works both directions, and after a run that Amazon has gone on since the financial crisis, it is going to get real nasty for any bag holders in this stock on the way down.

European Freedom Of Speech Threatened As Social Networks Vow To Combat Self-Determined "Hate Speech"

Social media giants Facebook, Twitter, Google and Microsoft have vowed to tackle online hate speech in less than 24 hours as part of a joint commitment with the European Union to combat the use of social media by terrorists. Although these social networks are saying that there will be an attempt to balance out free expression and what they consider to be dangerous, the fact that the lines have already been blurred between the two inside the EU is quite concerning.

Bill Kristol's Independent Pick To Take On "Roaring Jackass" Donald Trump Revealed

The feud between the Trump and Kristol aside, the political world has been engaged in a fevered guessing game over whom that person might be.  The answer was revealed by Bloomberg late this afternoon, which reported that according to two Republicans intimately familiar with Bill Kristol’s efforts to recruit an independent presidential candidate to challenge Donald Trump that the person Kristol has in mind is David French - whose name the editor of the Weekly Standard floated in the current issue of the magazine.

Neocon Kristol Announces That "There Will Be An Independent Candidate" To Sabotage Donald Trump

It has long been our contention that the elite are more than willing to do whatever they have to do to keep Donald Trump out of the White House.  There are many forms that this could take, and one potential option just became a little bit clearer.  On Sunday, the founder and editor of the Weekly Standard, Bill Kristol, announced on Twitter that there “will be an independent candidate–an impressive one, with a strong team and a real chance.”

Forget Big Brother, Facebook Is Watching (And Listening) To Everything You Do

The debate over Internet privacy and the responsibility social media companies should carry in protecting user privacy never ceases to spark controversy — among both users and tech insiders. But while Facebook, one of the most popular social media networks, struggles with accusations of news suppression and even fraud, a new report on the network’s microphone settings is reigniting past fears of surveillance that were never fully addressed.

What The Charts Say: Fatally Attracted To New Highs

So we’re short term overbought, with 3 unfilled gaps below and lower highs still in place with stocks being the most expensive in years and yet the NYSE Composite Index is still below key resistance. Ignore it all if you find yourself attracted to new highs. They may indeed come, just remember who gets hurt when the attraction proves fatal...