The Blowback Begins: Marine Demands Same Treatment As Hillary

The FBI's decision to recommend that no charges be brought against Hillary Clinton has been labeled a double standard of epic proportions, and now the decision will trigger further unintended consequences. A Marine Corps officer who has been locked in a legal battle with his service after self-reporting that he improperly disseminated classified information now intends to demand the same treatment that Hillary received.

  • Jul 7, 2016 3:35 PM

Comey Forced To Admit Hillary's FBI Testimony "Wasn't Under Oath Or Recorded"

During testimony before Congress on Thursday, FBI Director James Comey stated that the FBI’s interview with presumptive Democratic presidential nominee former Secretary of State Hillary Clinton was not under oath or recorded, but was careful to point out for all the paeons listening that it still would be a crime to lie to the FBI.

  • Jul 7, 2016 3:20 PM

Sovereign Credit Is Deteriorating At A Record Pace

Culminating with the tipping of the UK's numerous real estate fund "dominoes" and the subsequent fallout in the wake Brexit, Fitch has been on a ratings-slashing spree, having cut the credit ratings on 14 nations so far in 2016, most recently that of the United Kingdom - a record downgrade pace for the rating agency.

  • Jul 7, 2016 3:00 PM

IRS Seeks Documents From Facebook Related To Irish Asset Transfers

What Agent Stone wants to know is whether Facebook's auditors, Ernst & Young, valued the company's assets (user base, online platform and marketing intangibles) as stand-alone assets while employees view the assets as interdependent. She believes the stand-alone nature has caused a material under-valuation of the assets to the tune of a couple billion US dollars, leaving the potential tax haul lower than Agent Stone believes it should be.

  • Jul 7, 2016 1:46 PM

FBI Director Comey Explains His "Surprising & Confusing" Decision To The House - Live Feed

Having stunned even the most liberal of liberal media outlets with his seemingly unexplainable decision not to bring charges against Hillary Clinton (thus nullifying six criminal laws), FBI Director Jim Comey faces an oversight bloodbath today in front of the House Oversight Committee. However, what few may not know about the "deeply philosophical, religion major" is that he spent three short years (just enough for Dalio to realize 'value') being "probed" at the world's largest hedge fund - Bridgewater, peddling "radical transparency."

  • Jul 7, 2016 1:15 PM

Bill Gates And Other Billionaires Backing A Nuclear Renaissance

The nuclear reactors of tomorrow will not only be safer than the ones we already have – which are themselves safer than many believe – they will be much more efficient. Bill Gates’ TerraPower, for instance, has designed a traveling wave reactor, which utilizes nuclear waste. Another design, by two MIT researchers, again uses waste, mixed into molten salt. In short, the nuclear reactors of the future will utilize not just regular uranium but will take care of the waste as well – the same waste that raises so much concern among environmentalists and the general public.

  • Jul 7, 2016 1:11 PM

Crude Crash Drags Stocks, Bond Yields To Lows

WTI Crude just puked to 2-month lows with a $44 handle, down 5% on the day (and down almost 7% from the day's highs)... Dow is down 140 points from earlier highs and Treasury yields are testing record lows once again...

  • Jul 7, 2016 1:08 PM

Sweden: Rampant Sexual Assaults Steam On

The police released a report noting that Sweden is at the top of the EU's statistics on physical and sexual violence against women, sexual harassment and stalking. The report stated unequivocally that it is "asylum-seeker boys" and "foreign men" who commit the vast majority of the reported crimes.

  • Jul 7, 2016 12:17 PM

Italian Banks Crash To New Lows Despite Passing Self-Defined Stress-Test

Have no fear, Banco Popolare has run its own stress test (on itself) and has stated that it is "resilient to shocks." However, it appears investors do not believe them as Italian banks, led by Monte Paschi (which as a reminder is under a short-sale ban) plunged to new record lows.

  • Jul 7, 2016 11:41 AM

In Unprecedented Decision, Europe Will Sanction Spain, Portugal Over Deficits While Ignoring France, Italy

Confirming yet again that just like in the US, "some are more equal than others", moments ago the European Commission announced that it would seek sanctions for Spain and Portugal for breaching limits on budget deficits in an unprecedented step to enforce rules designed to prevent another debt crisis.  Punishing the Iberian countries will be a deeply contentious and divisive issue. That’s because while other countries including France and Italy have all received warnings in recent years after missing targets on deficit or debt, no country has so far been sanctioned. Until now.

  • Jul 7, 2016 11:32 AM

The Reason For The Relentless Scramble For US Corporate Debt In One Chart

While the $5.9tr US IG corporate bond market represents only 12% of that global market, it is now responsible for 33.0% of its total (effective) yield payment. In other words, nearly one in three (global) dollars paid out in the global IG broad market is paid to investors in the US IG corporate bond market.

  • Jul 7, 2016 11:13 AM

Ohio Professor Offers Gun-Control Solution: "Storm NRA HQ & Make Sure There Are No Survivors"

“Look, there’s only one solution. A bunch of us anti-gun types are going to have to arm ourselves, storm the NRA headquarters in Fairfax, VA, and make sure there are no survivors,” adjunct professor James Pearce wrote in a Facebook post on June 13. “This action might also require coordinated hits at remote sites, like Washington lobbyists. Then and only then will we see some legislative action on assault weapons. Have a nice day.

  • Jul 7, 2016 10:28 AM