It turns out Al Gore will have the last laugh on the eminent danger of ManBearPig. In a recent trip to Vienna, Secretary of State John Kerry confirmed Mr. Gore's worst fears that ManBearPig is just as big a risk to international peace and freedom as ISIS.
"The fact that solutions never seem to arrive seems to be less relevant than the fact that a new solution is underway. In this manner, the viewer, no matter how badly his life is being affected, continues to sit tight and be hopeful, for, surely, better days are just around the corner. Incredibly, the average viewer seems to be able to consume endless quantities of this propaganda, year after year, and never say to himself, 'Something’s radically wrong here'."
The British Columbia government finally took our advice to stem hot money inflows into real estate by announcing a 15% transfer tax on foreign nationals who buy real estate in Metro Vancouver. Finance Minister Mike de Jong unveiled the tax, which will take effect on August 2nd, after recent housing data revealed that foreign nationals spent more than $1 billion on British Columbia property between June 10 and July 14, or a mere $28.6mm per day.
After the story broke, the evidence began to mount that Folha de Sao Paulo had deliberately omitted this information from its published version. When the press questioned the newspaper for its decision, Folha’s executive director Sérgio Dávila stated “the prerogative of the paper [is] to chose what it believes is ‘most journalistically relevant’ when it decides to publish a poll.”
"Central banks do their master’s bidding and governments tell them ‘stop recession at any price’... So what we have now is a world in whi ch the Have-nots are rising in number and, thanks to the workings of central banks, see the Haves still seemingly enjoying themselves on the back of rising asset prices. It is no wonder that politics are moving fast to the extremes."
Refiners are shifting to yet another desperate attempt to delay the inevitable market equilibrium point by switching from summer to winter blend as demand for the former has disappointed. The problem is that by doing so early, stocks of winter blend will fill that much sooner, and absent some miraculous surge in demand in the winter months, the moment when the price of oil tumbles has merely been postponed for a few months while assuring that the drop - when it comes - will be much more acute.
Amid day 5 of a heat wave expected to last through Thursday, local New York electricity generators had been dealing with the increased demand(to help power air-conditioners) until, as Bloomberg reports, the agency that oversees New York’s power system issued issued an alert in advance of a thunderstorm that cut the amount of electricity allowed to be carried across transmission lines feeding the city. This sparked a massive surge in New York electricity prices from $40/MwH to over $1000/MwH.
Not the greatest start to Hillary's homecoming week. Outgoing Democratic Party chairwoman Debbie Wasserman Schultz was booed and heckled at a Florida delegate breakfast, with attendees shouting "shame."
"...This system stays in place because people do not understand its detrimental and fatal consequences such as an unfair redistribution, business cycles, poverty, bigger government, moral decay, and so on... In order to un-do this system we must convince people of all this. The problem here is that our monetary system and monetary theory is quite complex."
Mass killings have now become a daily thing. The latest attack however took place not in Europe, nor the US, but Japan, where national broadcaster NHK reports that a knife-wielding man has reportedly gone on a rampage at a facility for people with heart disabilities in the city of Sagamihara, west of Tokyo.
Facing an already rambunctious crowd - chanting 'Bernie' at every mention of Clinton - The DNC has been forced to issue a formal apology to Bernie Sanders (and presumably his supporters).... "the inexcusable remarks... do not reflect the value of the DNC or our steadfast commitment to neutrality during the nominating process."
"While seemingly elegant in theory, globalization suffers in practice. That is the lesson of Brexit and of the rise of Donald Trump in the United States. And it also underpins the increasingly virulent anti-China backlash now sweeping the world. Those who worship at the altar of free trade, including me, must come to grips with this glaring disconnect."
The reason why the stock of Gilead is currently sliding after hours is because while the biotech giant did beat Q2 earnings, it cut its full year guidance by $500 million on the top line while boosting its R&D expense forecast by $300-$400 million.
The real crisis is not a lack of homes for people to buy, just a lack of enough homes for people to rent. Which says more about the “real economy” than just about anything else. While there are many hopes pinned on the housing recovery as a “driver” of economic growth in 2013, 2014, 2015, 2016 – the lack of recovery in the home ownership data suggests otherwise.
According to Almasdar News, a US jet was downed by Islamic State militants in the vicinity of Ain Al-Assad base west of Anbar. The reports remain unconfirmed as no video footage or pictures have been published. Though, the event has been reported by ISIS’s media wing, Amaq.
"I see people saying the system is unstable. Fine, as long as they realize it has no chance of regaining stability, not with its present components. There will have to be a big clean-up. But it will be messy. A very limited number of people, with all of their minions, control the entire now unstable edifice, and they’ll fight tooth and nail to keep their power. Nevertheless, they’ll lose."
For my money, the Ruskies should get the Nobel Peace Prize if they were behind the email release. What higher service to democracy than to expose the anti-democratic workings of the party that affects to call itself Democratic?