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[Comedy] @haveigotnews Apple announces iPhone bug that allows it to be hacked with a single click, in a 'more intuitive and natural way than an Android bug'. Published:8/26/2016 1:32:13 PM
[Entertainment] Does 'Southside With You' get Michelle Obama right? The film's portrayal of the future first lady appears to contrast with her public image, but here's why it makes sense. Published:8/26/2016 1:32:13 PM
[Markets] How Mylan, the maker of EpiPen, became a virtual monopoly The company lobbied lawmakers — both directly and indirectly — to increase the availability of epinephrine autoinjectors in U.S. schools. Published:8/26/2016 1:32:13 PM
[World] A woman’s gruesome hanging shocked Tibet — but police have silenced all questions Relatives suspect a coverup and say their protests led to beatings, arrests and jail. Published:8/26/2016 1:32:13 PM
[Politics] Clinton, Trump exchange racially charged accusations Clinton accused Trump of “taking hate groups mainstream,” while Trump called Clinton a “bigot.” Published:8/26/2016 1:32:13 PM
[World] Woman Posts Heartbreaking Photo of Her Grandparents Reuniting

A photo of an elderly Canadian couple meeting and holding hands inside a nursing home in British Columbia has gone viral.

Published:8/26/2016 1:32:13 PM
[World] How Gary Johnson Should Talk to Voters

Ilya Shapiro

My fellow Americans, like most of you, I’m not satisfied with the presidential choice the so-called major parties have given us. The Republican Party, which is supposed to represent conservatives, has nominated someone who’s not conservative in any sense of that word. The Democratic Party, which is supposed to represent liberals, has nominated someone who opposes civil liberties and essentially repudiates the successful parts of her husband’s presidency.

Look, I was once a Republican, but I don’t recognize a party that embraces crony capitalism and wants to close America off from international commerce, that runs on fear rather than freedom. I also worked with plenty of Democrats when I was governor of New Mexico—I had to: they controlled the legislature—but I don’t recognize a party that shuts down dissent and believes that economic growth is less important than government control.

The Other Options Are Terrible

The Party of Lincoln and the Party of Jefferson have become shells of their former selves. Just look at whom they’ve nominated.

Donald Trump mocks large swaths of Americans and prides in his own policy ignorance. He claims to be a politically incorrect destroyer of postmodern shibboleths, but he’s really a boor—and a bore. As a businessman myself, I can tell you he’s not even good at that: good businessmen work on trust and honor, not deception and litigation. Perhaps Trump’s biggest fraud is his claim to be the voice of the working man; my heart goes out to those who feel betrayed by both public- and private-sector elites but now pin their hopes on this charlatan.

Here’s the speech Libertarian candidate for president Gary Johnson should give to voters eagerly looking for a plausible alternative.

Hillary Clinton is no better. She stands for nothing but her own power and is willing to take any position, make any lie to achieve it. While secretary of State, she focused on helping the Clinton Foundation more than her country. Her entire campaign rests, as it did eight years ago, on perceived entitlement. Perhaps her biggest lie relates to her “damn emails”; even after the FBI director detailed her recklessness with our national security—which I’m sure is a boon to Mr. Trump’s Russian friends —she maintains she did nothing wrong.

These people are the least popular major-party nominees in modern history. The strongest argument Trump makes is that he’s not Clinton—and vice-versa. If either party had nominated any other contender, it would be winning in a landslide. Instead, we have a race to the absolute depths of hell. Come on, America, we are better than this!

But There’s Still Hope

Fortunately, there’s a way out. There are options beyond voting red team or blue team; the only wasted vote is one cast for someone you don’t believe in. After all, the only thing of consequence any one vote affects is that voter’s conscience.

During my time in office, I eliminated New Mexico’s budget deficit and reduced the bureaucracy small businesses face when they try to create jobs. I vetoed more bills than the other 49 governors combined—750 in total, a third of which were introduced by Republican legislators and only two of which were overriden. I reduced overall spending while increasing education spending by a third. It actually wasn’t that hard: I just asked first whether government needed to be involved in something in the first place, and second whether the benefit of a law outweighed its cost.

Now, I’m not saying you should vote for me simply as a matter of competence—or even basic fitness for public office (by which I don’t mean triathlons or the Seven Summits, although I’m hoping that stuff gets me the outdoorsy vote). While there seems to be a low bar for those qualities this election, I’m also not Michael Dukakis: ideas matter and the ability to implement bad policies isn’t very helpful.

Here’s what I have in mind. To be honest, America is doing pretty well: someone who we might consider poor today has a higher standard of living than the richest Rockefellers a century ago. But we can do better.

We Can Do a Lot Better

We can reduce the federal spending that crowds out private investment. We can lower tax rates that force businesses to move overseas. We can reform our health-care sector so we no longer have a system that combines the worst of capitalism with the worst of socialism—Obamacare took us in the wrong direction, but the status quo was unacceptable, too. We can improve Social Security and Medicare, so those who rely on these programs can continue to do so while we do better by younger generations. Perhaps most importantly, we can scrap the regulations that hold back everyone from Uber and Airbnb to local food trucks and raw-milk cooperatives.

We can also demilitarize our society. Police need to be able to do their jobs, and they’re more effective when they respect civil rights and treat people as fellow citizens, not enemy insurgents. That also means taking a different approach regarding our failed drug war, which has had such harmful effects on everything from race relations and gun crime to foreign policy. On my first day in the Oval Office, I will direct the attorney general to “declassify” marijuana, removing it from the list of controlled substances.

Speaking of wars, we need to rethink our role as the world’s police, which includes implementing a proactive diplomacy based on America’s interests rather than fecklessly reacting to world events. Strategy should drive budgets and operations, not the other way around. And remember that President Reagan—who’s considered to be rather hawkish—only used military force three times, while Nobel Peace Prize-winning President Obama seems to use the armed forces more than any other agency he can command with his pen and phone.

On immigration too, we need to have America’s interests and values in mind. If you brainstormed a process for how foreigners enter the country, how long they can stay, and what they can do while here, it would be hard to come up with something worse than our current hodge-podge of often contradictory rules. This immigration non-policy serves nobody’s interest—not big business or small, not the rich or the poor, not the economy or national security, and certainly not the average taxpayer—except perhaps bureaucrats and lawyers.

We Can Do a Lot Better

We can reduce the federal spending that crowds out private investment. We can lower tax rates that force businesses to move overseas. We can reform our health-care sector so we no longer have a system that combines the worst of capitalism with the worst of socialism—Obamacare took us in the wrong direction, but the status quo was unacceptable, too. We can improve Social Security and Medicare, so those who rely on these programs can continue to do so while we do better by younger generations. Perhaps most importantly, we can scrap the regulations that hold back everyone from Uber and Airbnb to local food trucks and raw-milk cooperatives.

We can also demilitarize our society. Police need to be able to do their jobs, and they’re more effective when they respect civil rights and treat people as fellow citizens, not enemy insurgents. That also means taking a different approach regarding our failed drug war, which has had such harmful effects on everything from race relations and gun crime to foreign policy. On my first day in the Oval Office, I will direct the attorney general to “declassify” marijuana, removing it from the list of controlled substances.

Speaking of wars, we need to rethink our role as the world’s police, which includes implementing a proactive diplomacy based on America’s interests rather than fecklessly reacting to world events. Strategy should drive budgets and operations, not the other way around. And remember that President Reagan—who’s considered to be rather hawkish—only used military force three times, while Nobel Peace Prize-winning President Obama seems to use the armed forces more than any other agency he can command with his pen and phone.

On immigration too, we need to have America’s interests and values in mind. If you brainstormed a process for how foreigners enter the country, how long they can stay, and what they can do while here, it would be hard to come up with something worse than our current hodge-podge of often contradictory rules. This immigration non-policy serves nobody’s interest—not big business or small, not the rich or the poor, not the economy or national security, and certainly not the average taxpayer—except perhaps bureaucrats and lawyers.

That means, yes, tolerating people who do things you may not like. You can disagree with the idea of a gay couple getting married, but if you work in the state marriage bureau, you still have to do your job. Similarly, you can boycott a Muslim wedding vendor who refuses to create a custom cake for a lesbian couple or otherwise participate in their ceremony, but the state should not shut that down.

Finally, on the most divisive issue of abortion, I’ve said many times that I’m pro-choice, but let me also emphasize that I believe in federalism and the Constitution. You may disagree with me on this or other issues, but I understand the difference between law and policy. To that end, I will appoint judges who follow our Constitution’s original public meaning—I’ve previously misspoken in talking about “original intent.”

And I should emphasize that while Bill Weld, who is an accomplished lawyer among other great qualifications, will be an integral part of my policy team, I will be picking Supreme Court justices, and they will be in the mold of Alex Kozinski and Janice Rogers Brown, not Merrick Garland (who’s never met an administrative or law-enforcement agency to which he didn’t defer).

So, whether you’re a Bernie Bro or a Never Trumper, a liberal, conservative, or moderate—or even a libertarian—if you want a president who’s honest, capable, and will protect your liberty and secure this nation’s prosperity, I ask for your vote. Together, we will make America better, stronger, freer, and more equal.

Ilya Shapiro is a senior contributor to the Federalist. He is a fellow in Constitutional Studies at the Cato Institute and Editor-in-Chief of the Cato Supreme Court Review.
Published:8/26/2016 1:32:13 PM
[Tech] An approach to building .NET Core apps using Bamboo and Cake Matthew Abbott explains how to set up a .NET Core build using Bamboo and Cake. Published:8/26/2016 1:32:13 PM
[Election 2016] Anti-Trumpets Losing Their Minds

I can’t help it. Commenting on the Trump campaign is like watching a thirty car pile up at the Indy 500. Totally captivating. But it is not Trump that fascinates me so much as it is the media and the pundit class. They have lost their freaking minds. If you emotionally detach yourself and simply

The post Anti-Trumpets Losing Their Minds appeared first on - NO QUARTER USA NET.

Published:8/26/2016 1:32:13 PM
[2016 Election] Election Update: The Blue State Polling Abyss Want these election updates emailed to you right when they’re published? Sign up here. Public Policy Polling on Wednesday released a poll of New Mexico, a state that hasn’t attracted much attention. Hillary Clinton led Donald Trump by 9 percentage points, while the Libertarian candidate and former New Mexico Gov. Gary Johnson had 16 percent […] Published:8/26/2016 1:32:13 PM
[Features] ANALYSIS: The Alt-Right Is Woke #AltRightMeans

By Michael Stutz. Read more at http://michaelstutz.net/. We didn’t know what to expect. Between the eight of us there were only two bulletproof vests. And we all had our girls to worry about. As Loren Feldman the filmmaker said, they were “uncontrollable” and insisted that they remain in the thick of it. One of them’s pregnant. […]

The post ANALYSIS: The Alt-Right Is Woke #AltRightMeans appeared first on GotNews.

Published:8/26/2016 1:32:13 PM
[Tech] Make Sure You're Compressing What You Send to the Browser In IIS 7 or later, a single change to your IIS settings can substantially reduce the amount of data you're sending to your users or, in some cases, give you back some CPU cycles. Published:8/26/2016 1:32:12 PM
[Comic strips] Here are the cartoons Mike Pence drew while in law school
Here are the cartoons Mike Pence drew while in law school

LONG BEFORE he was trying to draw crowds along the campaign trail for the White House, Indiana Gov. Mike Pence was trying to draw humor out of the law-school experience. Hitting the books wasn’t so easy, the Republican vice-presidential nominee has acknowledged in interviews. After thoughts of pursuing the priesthood (he reportedly applied to D.C.’s […]
Published:8/26/2016 1:32:12 PM
[Politics] Filmmaker hopeful Obamas will see ‘Southside With You’ Richard Tanne's film is about Barack and Michelle Obama's first date in Chicago. Published:8/26/2016 1:32:12 PM
[PAID] Trump Faces Immigration Reality He appears to be moving to something like the Bush-Rubio policy. Published:8/26/2016 1:32:12 PM
[World] Politicians and peanut pilfering

The history of federal peanut policy is the perfect antidote to anyone who still believes that Congress could competently manage a lemonade stand. Federal spending for peanut subsidies will rise eight-fold between last year and next year — reaching almost a billion dollars and approaching the total value of the ... Published:8/26/2016 1:32:12 PM

[2016 Campaign] Gee, Hillary REALLY didn’t want her deleted yoga emails to fall into enemy hands Her thoughts on the lotus position were heavily guarded secrets Published:8/26/2016 1:32:12 PM
[Comedy] Jesus Jeans

ripped or "holy" jeans. They're so holy, they're jesus jeans!

Dude! LOOK AT MY NEW JESUS JEANS!

Published:8/26/2016 1:32:12 PM
[Entertainment] truepenny: Dictionary.com Word of the Day truepenny: a trusty, honest fellow. Published:8/26/2016 1:32:12 PM
[Labour Market] From the gender pay gap to the minimum wage to executive pay – the politicisation of pay must end Economic logic suggests that free determination of employment contracts, like free trade, normally benefits both parties and leads to high levels of employment and economic growth. But this view has never been popular. Fifty years ago, it was the accepted belief that governments should determine pay increases, leading to the dead end of incomes policies … Continue reading "From the gender pay gap to the minimum wage to executive pay – the politicisation of pay must end" Published:8/26/2016 1:32:12 PM
[Tech] Drones at the Airport Nowadays, drones are everywhere. They come in a wide variety of shapes, sizes, colors, and are equip with features such as high definition cameras for video/photo and GPS. Published:8/26/2016 1:32:12 PM
[World] Quake damaged roads threaten access to Italy town AMATRICE, Italy (AP) — Strong aftershocks damaged two key access roads into quake-struck Amatrice on Friday, threatening to isolate the tiny hilltop town as hopes dimmed that firefighters would find any more survivors from the earthquake that killed at least 267 people. Published:8/26/2016 1:32:12 PM
[Automobile Safety Features and Defects] A Cheaper Airbag, and Takata’s Road to a Deadly Crisis Automakers embraced Takata’s cheaper technology almost 20 years ago despite signs that it was unsafe. The airbags are now at the center of the auto industry’s biggest recall. Published:8/26/2016 1:32:12 PM
[Politics] In Just a Wee Bit of Irony Scots Could Be Orphaned By British Independence Here's a wee bit of irony. The decision of the British people to leave the European Union may have been seen by the Scottish elite as yet another chance for Scotland itself to secede from the United Kingdom and set up their own country, seated within the European Union. But it turns out that the scheme could run into trouble owing to Scotland's own leftist tendencies.It's the Scottish adherence to welfare state policies that may yet do them in. "To be a member of the EU you should have, except... Published:8/26/2016 1:32:12 PM
[Budget Industry] Document: Report to Congress on John Lewis Class Oiler Program The following is the Aug. 18, 2016 Congressional Research Service report, Navy John Lewis (TAO-205) Class Oiler Shipbuilding Program: Background and Issues for Congress. via fas.org Published:8/26/2016 1:32:12 PM
[World] [Orin Kerr] Two views of the content/metadata line in surveillance law

Over at Lawfare, I have a post up, “Relative vs. Absolute Approaches to the Content/Metadata Line,” about a recently declassified decision by the Foreign Intelligence Surveillance Court of Review (FISCR). It begins:

One of the foundational questions in surveillance law is how to distinguish between the contents of communications and non-content metadata. Contents generally receive very high privacy protection, while metadata generally receive very low protection. Identifying the line between the two is critical. Earlier this week, the ODNI declassified an April 2016 FISCR decision on post-cut-through digits that adopts an approach to the distinction in some tension with a recent Third Circuit case. This post will explain the problem and the apparent disagreement.

First, some background. Communications networks are ways of sending messages from one party to another. For every message sent, there will be the substance of the message (the contents) and information about the message (metadata). At first blush, the distinction looks simple. In the case of a postal letter, the contents are the letter itself; the metadata are the information on the outside of the envelope. In the case of a phone call, the contents are the actual sound on the call; the metadata are the numbers dialed and times of the call.

But matters aren’t so simple in part because messages are often passed on among parties. A might send a letter to B with instructions to contact C. D might call E and ask E to connect his call to F. The ability to pass on messages raises an important question: If a party receives a message directing the party to send on another communication or take some act, is that message contents or is it metadata?

There are two ways to look at it, which I will label the relative approach and the absolute approach. Under the relative approach, messages don’t have an abstract status as contents or metadata. To classify a particular message, you look to the specific context in which the message was obtained and you ask whether the message was contents with respect to a communication between those two parties. Imagine A sends a message to B directing B to contact C and that C does so. Under the relative approach, the message was the contents of the communication between A and B but metadata of the communication between B and C. That is, A communicated the message to B, so it was the content of that message, while B then acted on the message and contacted C, which was metadata for the contact from B to C. Under the absolute approach, by contrast, you would devise a single answer. You might say that because the message was for B to contact C, and the fact of contacting C is metadata, then the message should be classified as metadata and contains no contents.

As the post explains, the Third Circuit and the FISCR have recently divided on the question. The Third Circuit adopted the relative approach, and the FISCR adopted the absolute approach. Check out the Lawfare post for the details.

Published:8/26/2016 1:32:12 PM
[ETF Talk] Big International Fund Offers 6% Yield International investment expert Doug Fabian brings to you this big International fund that offers a sizable 6% yield. Published:8/26/2016 1:32:12 PM
[9/11] Zubaydah Media Myths Zubaydah, characterized as “the poster child” and “guinea pig” for the CIA Interrogation Program, made his first public appearance on Tuesday before a GITMO parole board: The hearing is part of the Periodic Review Board, which the Department of Defense describes as “an interagency process designed to review whether continued detention of Guantanamo detainees is... Read more » Published:8/26/2016 1:32:12 PM
[Foreign Policy] Shots Fired in Persian Gulf; Iran Warns Encroaching U.S. Ships Will be ‘Severely Punished’ Iran’s defense minister vowed Thursday that any U.S. or other warships that enter Iranian waters would be “severely punished,” as the Pentagon confirmed that a U.S. patrol vessel had fired warning shots after being approached by an Iranian attack boat in an “unsafe” manner. “It is a natural and routine program of the border patrol to do surveillance in the Published:8/26/2016 1:32:12 PM
[PAID] Equity in Startups Is Losing Its Allure Two years ago, when startups were flush with money, hardware and software design companies were eager to work with them and get paid in cash and equity. These days, however, smaller design firms increasingly want just cash. Published:8/26/2016 1:32:12 PM
[Politics] Few Voters Count on Feds to Get The Job Done

Confidence in the federal government remains low, and most voters still consider the feds a threat to their constitutional rights.

A new Rasmussen Reports national telephone and online survey finds that just 24% of Likely U.S. Voters trust the federal government to do the right thing most or nearly all the time, but that includes only five percent (5) who say it does the right thing almost always. Thirty-nine percent (39%) say the government does the right thing some of the time. Thirty-six percent (36%) believe the government rarely or never does the right thing, up from 27% in January and the highest level of criticism in surveying since 2013. (To see survey question wording, click here.)

(Want a   free daily e-mail update  ? If it's in the news, it's in our polls).   Rasmussen Reports updates are also available on Twitter or Facebook.

The survey of 1,000 Likely Voters was conducted on August 23-24, 2016 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Published:8/26/2016 1:32:12 PM
[Quantum Physics ] Research pair create two-atom molecules that are more than a thousand times bigger than typical diatomic molecules (Phys.org)—A pair of physicists with the Swiss Federal Institute of Technology in Switzerland has found a way to create very large diatomic molecules, and in so doing, have proved some of the theories about such molecules to be correct. In their paper published in Physical Review Letters, Johannes Deiglmayr and Heiner Saßmannshausen describe their experiments and results and why they believe such molecules may have a future in quantum computing. Published:8/26/2016 1:32:12 PM
[d44325e4-27d7-4f0f-ae49-ed7c8b704d0b] Kimberley Strassel: Under Hillary, State and the Clinton Foundation were one seamless entity Mrs. Clinton’s State Department and her family foundation were one seamless entity—employing the same people, comparing schedules, mixing foundation donors with State supplicants. Published:8/26/2016 1:32:12 PM
[PAID] Yellen Cries Wolf Fed chairwoman tries to convince the market that a rate rise is coming but investors aren’t listening. Published:8/26/2016 1:32:12 PM
[Politics] Lake Ray Leaves the Door Open to Higher Taxes Published:8/26/2016 1:32:12 PM
[Climate News] Inconvenient Study: Biofuels not as ‘green’ as many think – may be worse than Gasoline From the “road to hell is paved with good intentions” department: Biofuels not as ‘green’ as many think Go back to basics when calculating the greenhouse impact and carbon neutrality of biofuels, researchers urge Statements about biofuels being carbon neutral should be taken with a grain of salt. This is according to researchers at the… Published:8/26/2016 1:32:12 PM
[Opinion] Big Government Seeks Lesbians To Become Farmers. Was There A lack Of Lesbian Farmers That Was Threatening Our Food Supply? Rush Limbaugh recently introduced this government program to most Americans during one of his radio programs, and below are some observations on the government summit that Rush may not have mentioned, based on an article found in the “Morning Beacon Daily Newsletter” on August 16, 2016: At a time when our liberal government is doing ...
Published:8/26/2016 1:32:12 PM
[News 2016] Dr Drew show cancelled One week after Dr. Drew questioned Hillary’s health… HLN announces that his show has been cancelled. Probably just a coincidence. Published:8/26/2016 1:32:12 PM
[World] What U. of Chicago Activists Are Complaining About They do have a point. Published:8/26/2016 1:32:12 PM
[Foreign Affairs] Clinton Can’t Escape Obama’s Legacy

Hilary Clinton has been an extraordinarily fortunate presidential candidate. The missteps of her political opponents have allowed her to run for Barack Obama’s third term ...

The post Clinton Can’t Escape Obama’s Legacy appeared first on Commentary Magazine.

Published:8/26/2016 1:32:12 PM
[structure:news/uk-news] Max Whitlock to turn off ITV broadcasts as 'I Am Team GB' gets Britons off the sofa after Rio 2016 Published:8/26/2016 1:32:11 PM
[Politics] Sean ‘Twilight Sparkle’ Spicer slapped around while defending Trump’s ‘bigot’ accusation sean spicer msnbcThe talking point out of Trump camp after Hillary’s “alt-right” speech is that she’s desperate because Trump is bouncing back in the polls among minorities. This is patently absurd, so far, because . . . Published:8/26/2016 1:32:11 PM
[Politics] Sean ‘Twilight Sparkle’ Spicer slapped around while defending Trump’s ‘bigot’ accusation sean spicer msnbcThe talking point out of Trump camp after Hillary’s “alt-right” speech is that she’s desperate because Trump is bouncing back in the polls among minorities. This is patently absurd, so far, because . . . Published:8/26/2016 1:32:11 PM
[Economy] 3 Ways Obama’s New Overtime Rule Will Hurt Employees

In an alleged attempt to increase the income of certain salaried employees, the Obama administration issued a new overtime rule, set to take effect Dec.... Read More

The post 3 Ways Obama’s New Overtime Rule Will Hurt Employees appeared first on The Daily Signal.

Published:8/26/2016 1:32:11 PM
[566aba2b-e990-4003-90a3-862f3ac03e2c] Brad Paisley, Carrie Underwood win 'Remind Me' lawsuit A lawsuit that claims Brad Paisley and his "Remind Me" co-writers stole an idea when they wrote and recorded the 2011 hit was decided this week. Published:8/26/2016 1:32:11 PM
[marketsNews] UPDATE 1-Uber wins halt to N.Y. price-fixing lawsuit during appeal NEW YORK, Aug 26 (Reuters) - A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive officer to put a passenger's price-fixing lawsuit against them on hold, while...
Published:8/26/2016 1:32:11 PM
[Bill Gross] Bill Gross: Yellen's Economy May Never Walk Normally Again, This Is Not Capitalism

It took the headline scanning algos several minutes to read Yellen's speech, which the kneejerk reaction was to deem as more hawkish than expected, before they stumbled on the key section we pointed out earlier, and which unleashed a surge of buying because it hinted at even more potential QE in the future (under a different Fed chair):

On the monetary policy side, future policymakers might choose to consider some additional tools that have been employed by other central banks, though adding them to our toolkit would require a very careful weighing of costs and benefits and, in some cases, could require legislation. For example, future policymakers may wish to explore the possibility of purchasing a broader range of assets.

This section catalyzed such an aggressive buying impulse that it required Stan Fischer's post-speech interview to pour cold water on the market's enthusiasm, saying "Yellen's comments are consistent with a possible September hike."  After all, as even Bullard admitted earlier, the Fed is perilously close to admitting stocks are in a bubble.

However, it was too late to appease one recently converted Fed critic, Bill Gross, who slammed Yellen’s suggestion that she could launch further asset purchases as the equivalent of “providing a walker or a wheelchair for an ailing economy.”

“She is opening the door to creating even greater asset bubbles as have the BOJ and ECB and SNB by purchasing corporate bonds and stocks,” Gross wrote Friday in an e-mail response to questions. “This is not capitalism. This is providing a walker or a wheelchair for an ailing economy. It may never walk normally again if monetary policy continues in this direction.”

In addition to slamming Yellen - as virtually everyone else has in recent weeks, including all the major banks and even the Fed's own mouthpiece at the WSJ, and as this site has done since 2009 - Bloomberg added that according to Gross, Yellen’s comments didn’t take a September rate hike off the table, especially if job growth is healthy. “To the extent that next month we see a decent job growth number, then I think for sure or close to for sure, you know, in September we’re going to see a Fed hike of 25 basis points,” Gross said in an interview on CNBC. “The market hadn’t expected that.”

This is particularly true if, as many have speculated, Yellen is now forcing rate hikes just so the economy stumbles, and she has the political cover to unleash even more easing; easing which as her own text warns, may include a "broader range of assets." In other words, the sooner the Fed hikes, the faster it will follow the BOJ and the ECB in monetizing stocks and corporate bonds, respectively.

Published:8/26/2016 1:32:11 PM
[Uncategorized] Declare a constitutional right to education? Strategy to attack charter schools in CT Advocacy group that won victory for teacher tenure in California is challenging CT's charter, magnet and school choice programs. Published:8/26/2016 1:32:11 PM
[Top Picks] Hunt: Hillary’s handling of trust issues an obvious — and dangerous — albatross in election

Ubi est mea?

The post Hunt: Hillary’s handling of trust issues an obvious — and dangerous — albatross in election appeared first on Hot Air.

Published:8/26/2016 1:32:11 PM
[worldNews] U.S. Navy ship fires warning shots at Iranian vessel WASHINGTON (Reuters) - A U.S. Navy ship fired warning shots toward an Iranian fast-attack craft that approached two U.S. ships, a Pentagon spokesman said on Thursday, in the most serious of a number of incidents in the Gulf area this week.
Published:8/26/2016 1:32:11 PM
[Entertainment] Ellie Goulding's "Still Falling For You" Music Video Is the Ultimate Bridget Jones's Baby Tease Historical Look Back at Celebs in Wellies at Glastonbury Festival, Ellie GouldingMovie soundtracks are her thing! Ellie Goulding has unveiled a new music video for her single, "Still Falling For You," from the Bridget Jones's Baby Soundtrack, and it...
Published:8/26/2016 1:32:11 PM
[] Giuliani: Trump's Big Immigration Reversal Was Shaped By... Chris Christie Man, Ann Coulter is having a bad week with her former and current poliitical flames.... Published:8/26/2016 1:32:11 PM
[Entertainment] Why Kanye West's 'Saint Pablo' floating stage is groundbreaking He's on an ultralight beam.
     
 
 
Published:8/26/2016 1:32:11 PM
[Transportation] Everyone Wants a Level 5 Self-Driving Car—Here’s What That Means
Everyone Wants a Level 5 Self-Driving Car—Here’s What That Means
As cars that drive themselves evolve and spread over the coming years, here's a guide for understanding what's left for you to do. The post Everyone Wants a Level 5 Self-Driving Car—Here's What That Means appeared first on WIRED.
Published:8/26/2016 1:32:11 PM
[2016 presidential election] Why Do Liberals Hate Trump? (Part One) (Steven Hayward) Let’s notice something significant: Donald Trump is the most liberal Republican nominee since . . . well, it’s really hard to tell: Maybe Tom Dewey? In any case, recall that Trump embraces many positions popular with major factions of the Democratic Party coalition, such as trade and entitlement spending (Medicare and Social Security), and the Iraq War. He probably favors single-payer health care, and his conversion on abortion seems insincere. Published:8/26/2016 1:32:11 PM
[Science] Rubio: Senate Dem challenger has no pull with Obama

Joel Gehrke

Sen. Marco Rubio, R-Fla., mocked the Democrat who hopes to take his seat, Rep. Published:8/26/2016 1:32:11 PM

[Michael Pappas] The NJ Congressman Who Sank His Re-election With a Song Eighteen years ago, Michael Pappas sang “Twinkle Twinkle, Kenneth Starr.” Published:8/26/2016 1:32:11 PM
[Media] Come ON! WaPo columnist sends heads to desks defending Hillary from charges of hypocrisy

This spin is for the Byrds!

The post Come ON! WaPo columnist sends heads to desks defending Hillary from charges of hypocrisy appeared first on twitchy.com.

Published:8/26/2016 1:32:11 PM
[Markets] Dow industrials down more than 100 points near intraday lows Dow industrials down more than 100 points near intraday lows Published:8/26/2016 1:32:11 PM
[World] White House insists: No 'no-fly zones' in Syria

Nicole Duran

The Obama administration insisted Friday that it has not and will not establish no-fly or "safe" zones over Syrian airspace, even though the Pentagon sternly warned Syria against flying in certain areas, and would even defend those zones if necessary.

"That is still off the table because of the implied military commitment that it would require in order to effectively enforce it," White House spokesman Josh Earnest replied when asked if President Obama has reconsidered his opposition in light of Syrian fighter jet aggression against U.S. troops.

"The concern is that while it sounds simple to maintain that kind of area, ultimately you're responsible for protecting the borders of that safe zone and then policing that safe zone once it's been created," he explained. Published:8/26/2016 1:32:11 PM

[Crime] This 3-Year-Old Was Just Abducted Early This Morning Only Wearing a Diaper

Keep your eyes peeled.

The post This 3-Year-Old Was Just Abducted Early This Morning Only Wearing a Diaper appeared first on Independent Journal Review.

Published:8/26/2016 1:32:11 PM
[Markets] Stocks lower as prospect of September rate hike rattles bulls Published:8/26/2016 1:32:11 PM
[Markets] Market Snapshot: Stocks lower as prospect of September rate hike rattles bulls U.S. stocks swing lower Friday after comments from Fed Vice Chairman Stanley Fischer doubled down on comments from Federal Reserve Chairwoman Janet Yellen that the case for a rate increase is gathering steam.
Published:8/26/2016 1:32:11 PM
[Food] Flirtey flies pies for Dominos in New Zealand Flirtey, the drone delivery startup, developed a drone to deliver hot pizzas for Dominos. Dominos Pizza Enterprises has demonstrated delivery of hot pizzas by drone in Auckland, New Zealand. The company has a long history of embracing high-tech concepts. Last year, they tested out a four-wheeled, driverless pizza delivery vehicle. And in 2012, Dominos launched a casual build-a-pizza game that also let players order the pizza they built digitally for real life delivery. The company… Read More
Published:8/26/2016 1:32:11 PM
[World] Virginia Tech’s Welcome Mat: Diversity Edu The mandatory module is intended to dispel “diversity resistance.” Published:8/26/2016 1:32:10 PM
[World] Maria Molina Leaving Fox News

Meteorologist Maria Molina announced this morning on Fox and Friends that she'll be leaving Fox News Channel to pursue her PhD at Central Michigan University.

Published:8/25/2016 8:29:01 AM
[World] Italian quake death toll rises to 241, anguish mounts AMATRICE, Italy (AP) — Rescue crews aided by sniffer dogs dug through crumbled homes Thursday looking for earthquake survivors as Italy again anguished over how to secure its ancient towns and modern cities from the country's highly seismic terrain. Published:8/25/2016 8:29:00 AM
[Science] All Aboard the Most Tricked-Out Science Ship in America
All Aboard the Most Tricked-Out Science Ship in America
Climb aboard for a tour of the Sally Ride, the ship that'll lead America into a new era of ocean science. The post All Aboard the Most Tricked-Out Science Ship in America appeared first on WIRED.
Published:8/25/2016 8:29:00 AM
[Uncategorized] U. Chicago Dean to Freshmen: No Safe Spaces Here "We do not cancel invited speakers because their topics might prove controversial." Published:8/25/2016 8:29:00 AM
[40119dd7-96a1-4744-a535-2e99ff04f3dc] John Travolta's 'The Life and Death of John Gotti' strays from reality John Travolta, portraying the godfather, will be shown defiantly strutting from the courthouse with his real wife, Kelly Preston, who portrays Gotti’s wife, Victoria. Published:8/25/2016 8:29:00 AM
[Science] Jobless claims tick even lower, to 261,000

Joseph Lawler

New applications for unemployment benefits fell slightly in the week that ended Saturday, the Department of Labor reported Thursday, to 261,000 from a very low 262,000 the week before.

That number of jobless claims was better than the predictions of private-sector economists, who expected a slight rise to about 265,000 new applications, and a sign that the jobs recovery still has room to run.

Investors and policymakers, especially at the Federal Reserve, closely watch jobless claims numbers because they are a frequently-updated — weekly — indication of the health of the labor market and the economy. Published:8/25/2016 8:29:00 AM

[Campaigns & Elections] Trump’s Cuckolded Fans

Donald Trump’s supporters should be furious with him, but the evidence so far suggests they’re not. They should be in the midst of an existential ...

The post Trump’s Cuckolded Fans appeared first on Commentary Magazine.

Published:8/25/2016 8:29:00 AM
[Markets] Gold Slammed For Second Day As COMEX Options Expire

With COMEX option expiration looming, gold is being monkeyhammered lower for the second day in a row on heavy volume...

 

 

Notably 1300 and 1310 Strikes seem most heavily held...

 

For now silver is less affected...

 

With Gold/Silver stabilizing modestly...

Published:8/25/2016 8:29:00 AM
[Markets] HP shares down nearly 6% in premarket trades after earnings report Wednesday HP shares down nearly 6% in premarket trades after earnings report Wednesday Published:8/25/2016 8:28:59 AM
[Politics] Here are all the times Trump tweeted AGAINST amnesty (now he loves it!) donald trump deportation 01In case you missed the political atom bomb dropping last night, el Trumpo finally proved all of his detractors right by flip flopping on amnesty. He earlier said he was “softening” on . . . Published:8/25/2016 8:28:59 AM
[Politics] Here are all the times Trump tweeted AGAINST amnesty (now he loves it!) donald trump deportation 01In case you missed the political atom bomb dropping last night, el Trumpo finally proved all of his detractors right by flip flopping on amnesty. He earlier said he was “softening” on . . . Published:8/25/2016 8:28:59 AM
[2016 presidential election] Madam Hillary explains (Scott Johnson) In a telephone interview with Jake Tapper on CNN last night, Hillary Clinton addressed her meetings with Clinton Foundation donors as Secretary of State. She explained: “I know there is a lot of smoke, and there is no fire. This AP report? Put in it context. This excludes nearly 2,000 meetings I had with world leaders, plus countless other meetings with U.S. government officials when I was secretary of state. Published:8/25/2016 8:28:59 AM
[Entertainment] Home on the Go: Inside Celebrities' Most Lavish Airbnb Getaways Mariah Carey, Instagram, AirbnbWhen searching for a home away from home, a new crop of celebrities are trying Airbnb to make their temporary real estate dreams come to fruition. Even Hollywood's rich and famous...
Published:8/25/2016 8:28:59 AM
[Markets] Analyzing Target’s Fiscal 2Q16 Valuation Multiple Published:8/25/2016 8:28:59 AM
[structure:news/uk-news] Ex-company director lay dead at £2m home for two days after tractor toppled over and fell on him as he cut grass Published:8/25/2016 8:28:59 AM
[bachelor in paradise] Does Lying to End a Bad Date Actually Work? Yes, but then you might have to pay for your own drinks Published:8/25/2016 8:28:59 AM
[marketsNews] REFILE-Social media giants must do more to police sites - UK lawmakers LONDON, Aug 25 (Reuters) - Facebook, Twitter and YouTube should hire more people to monitor hate speech and material inciting violence as well as putting staff in police operation centres to remove...
Published:8/25/2016 8:28:59 AM
[US Politics] Trump’s flip-flop on immigration was so bad that Ann Coulter retweeted Rick Wilson

It looks like Donald Trump has lost Ann Coulter: Only part he left out was the "hoops" they'll have to jump through! Trump:"No citizenship. Let me go a step further—they'll pay back-taxes" — Ann Coulter (@AnnCoulter) August 25, 2016 Trump: "they have to pay taxes, there's no amnesty" [Pro Tip: "Back taxes" means we pay […]

The post Trump’s flip-flop on immigration was so bad that Ann Coulter retweeted Rick Wilson appeared first on twitchy.com.

Published:8/25/2016 8:28:59 AM
[Corruption] Clinton Donors… Published:8/25/2016 8:28:59 AM
[Top Picks] University of Chicago rolls out alarming message to “safe space” advocates

Free speech isn't quite dead yet

The post University of Chicago rolls out alarming message to “safe space” advocates appeared first on Hot Air.

Published:8/25/2016 8:28:59 AM
[Nation] James Woods Just Delivered the Ultimate ‘Barack Obama Doesn’t Care About Louisiana’ Slam

"James Woods wins the Internet for the Day."

The post James Woods Just Delivered the Ultimate ‘Barack Obama Doesn’t Care About Louisiana’ Slam appeared first on Independent Journal Review.

Published:8/25/2016 8:28:59 AM
[Gadgets] DJI releases 4k handheld gimbal camera with zoom lens, motion timelapse OSMO+ rear - with phone DJI just announced an upgraded version of its lovely Osmo camera. Called the Osmo Plus, this model offers key features not found on the original Osmo such as zoom, motion timelapse and an improved stabilization system. Like the original, which is still available, the Osmo Plus gives shooters a stabilized camera system thanks to the 3-axle gimbal system. It’s  similar to the gimbals used… Read More
Published:8/25/2016 8:28:59 AM
[Markets] Market Extra: How Hillary Clinton crushed another rally in biotech Some are blaming Democratic presidential nominee Hillary Clinton, at least partially, for the selloff which helped to drive down the exchange-traded iShares Nasdaq Biotechnology ETF.
Published:8/25/2016 8:28:59 AM
[Materials Science ] Interface engineering for stable perovskite solar cells The lifetime of perovskite solar cells is significantly enhanced by using few-layer molybdenum disulphide (MoS2) flakes as an active buffer interface layer. Researchers from the Graphene Flagship show that interface engineering with layered materials is important for boosting solar cell performance. Published:8/25/2016 8:28:59 AM
[Nanomaterials ] A promising route to the scalable production of highly crystalline graphene films Researchers discovered a procedure to restore defective graphene oxide structures that cause the material to display low carrier mobility. By applying a high-temperature reduction treatment in an ethanol environment, defective structures were restored, leading to the formation of a highly crystalline graphene film with excellent band-like transport. These findings are expected to come into use in scalable production techniques of highly crystalline graphene films. Published:8/25/2016 8:28:59 AM
[World] In Italy after earthquake, a desperate search for survivors The death toll from Wednesday’s quake rose to at least 247, officials said. Published:8/25/2016 6:58:42 AM
[Tech] Real-World ASP.NET Core MVC Filters In-depth article in MSDN Magazine by Steve Smith that digs into ASP.NET Core MVC Filters. Published:8/25/2016 6:58:42 AM
[Science] Dana Perino weighs in on Obama-Hurricane Katrina comparisons

David M. Drucker

True to form, the unfailingly polite and good-natured Dana Perino didn't want to pile on criticism of President Obama for choosing not to cut his vacation short and visit flooded Baton Rouge, La.

It would have been understandable if Perino had. Published:8/25/2016 6:58:41 AM

[Entertainment] 6 Biggest Video of the Year Upsets in MTV VMA History MTV VMAsIt wouldn't be the MTV Video Music Awards without a bit of controversy. You might tune in to the MTV VMAs every year to see your favorite performers take the stage, or to see which of...
Published:8/25/2016 6:58:41 AM
[In The News] ‘Hermine’ forecast to soak Florida and water-logged south A tropical wave is moving from the Caribbean towards Florida and if it gains strength, could pose a heavy wind and rain hazard to the rain-drenched south. The system has a 60% chance of developing into a tropical depression or named storm within the next two days, according to the National Hurricane Center. If it ...
Published:8/25/2016 6:58:41 AM
[Elections] Washington Post Offers Laughable Video ‘Proof’ That Hillary’s Health Is Perfectly Fine

This video should put the crazy Hillary Clinton health rumors to rest.

The post Washington Post Offers Laughable Video ‘Proof’ That Hillary’s Health Is Perfectly Fine appeared first on Independent Journal Review.

Published:8/25/2016 6:58:41 AM
[Uncategorized] Show HER the Money What goes around comes around Published:8/25/2016 6:58:41 AM
[Culture] Here’s How to Emoji-Flirt Like a Real Teenager
Here’s How to Emoji-Flirt Like a Real Teenager
Flirting over text is quick, fun, and fraught with potential disaster. Avoid getting boo'd with this trusty legend. The post Here's How to Emoji-Flirt Like a Real Teenager appeared first on WIRED.
Published:8/25/2016 6:58:41 AM
[FREEEUROPE] What to Learn From the ECB's Great European Corporate Bond Squeeze The European corporate bond market is heading into ever more extraordinary territory. Published:8/25/2016 6:58:41 AM
[Barack Obama] Nigel Farage Draws Thunderous Ovation At Trump Rally: "I Wouldn't Vote For Hillary If She Paid Me"

It was a match made in anti-establishment heaven when Nigel Farage appeared next to Donald Trump at a Mississippi rally last night. One week after Trump tweeted that "They will soon be calling me MR. BREXIT," the real Mr. Brexit spoke alongside Trump in a much anticipated event.

Farage, the former leader of the UK Independence Party and according to many the chief proponent of the successful Brexit campaign, joined Trump on stage at a rally to draw similarities between the UK's vote to leave the European Union and Trump's insurgent campaign. He started off by focusing on a common enemey, President Barack Obama, whom he savaged for urging British voters to remain in the European Union ahead of the "Brexit" referendum: "He talked down to us. He treated us as if we were nothing," Farage said, and while he declined to endorse Trump, he opined on the US presidential election.

"I will say this: If I was an American citizen, I wouldn't vote for Hillary Clinton if you paid me. I wouldn't vote for Hillary Clinton if she paid me," Farage said, as Trump's supporters roared with approval.

Political observers have drawn a slew of similarities between Trump's campaign and the pro-Brexit movement and Trump has also approvingly likened the two political movements.

Farage's visit came as Trump trail Hillary in the polls, with the British politician seeking to encourage Trump supporters not to despair, pointing to polling in the UK that hinted at defeat for the referendum to leave the EU. "And actually they were all wrong," Farage said.

He concluded with the following advice: "if you want change, you better get your walking boots on, you better get out there campaigning and remember, anything is possible if enough decent people are prepared to stand up against the establishment."

Published:8/25/2016 6:58:41 AM
[ea35ebc0-8ce4-45d1-9a7e-5e9819bb93b2] Amanda Bynes breaks silence, gives an update on her life The 30-year-old gushed about her studies at FIDM in her first tweet in six months. Published:8/25/2016 6:58:41 AM
[Markets] Fed's George says it is 'time to move' to raise interest rates Fed's George says it is 'time to move' to raise interest rates Published:8/25/2016 6:58:40 AM
[marketsNews] Dollar Tree quarterly sales miss estimates Aug 25 (Reuters) - Dollar Tree Inc, the biggest U.S. discount chain, reported lower-than-expected quarterly comparable sales and cited a "challenging" retail environment.
Published:8/25/2016 6:58:40 AM
[US Politics] Ted Cruz spox on Trump flip-flop: It’s now the ‘Gang of 9 bill. #MakeAmnestyGreatAgain’

Ted Cruz spokesman Ron Nehring weighs in on Donald Trump’s kinder, gentler immigration policy: Now they can call it the "Gang of 9" bill. #MakeAmnestyGreatAgain — Ron Nehring (@RonNehring) August 25, 2016 He’s not wrong. Nehring went on to tweet that Cruz warned Republicans that Trump would eventually “betray his own supporters”: 1. If Trump […]

The post Ted Cruz spox on Trump flip-flop: It’s now the ‘Gang of 9 bill. #MakeAmnestyGreatAgain’ appeared first on twitchy.com.

Published:8/25/2016 6:58:40 AM
[Entertainment] Prince's Paisley Park to open for daily paid public tours in fall Prince's creative oasis will be turned into a museum open to fans.
     
 
 
Published:8/25/2016 6:58:40 AM
[Markets] 5 Things You Must Know Before the Market Opens Thursday Published:8/25/2016 6:58:40 AM
[Plants & Animals ] Scientist learns population size of scallops affects fertilization success Scallop gonads may seem like fun and games to Skylar Bayer given that her missing samples landed her on "The Colbert Report" in 2013. Published:8/25/2016 6:58:40 AM
[topics:things/immigration] Theresa May must be honest with voters about immigration and drop the absurd net migration cap Published:8/25/2016 6:58:40 AM
[Markets] Forget Brexit — 1.4 billion brick shortage may be biggest threat to U.K. housing market The biggest problem for the U.K. housing market isn’t the fallout from the country’s EU referendum, but rather a significant shortage of bricks to build much-needed new homes, according to an analysis out on Thursday.
Published:8/25/2016 6:58:40 AM
[2nd Amendment] Why are “anti-gun” laws enforced by people with guns?… Published:8/25/2016 6:58:40 AM
[] Thursday Morning News Dump (8/25/16) [Mis. Hum.] American University in Afghanistan attacked Iran continues to harass U.S. Navy Tornadoes strike IN Quake hits Myanmar Search & Rescue continues in Italy 521 days in space and counting Here is the latest lawsuit against TFG Epipen prices spike... Published:8/25/2016 6:58:40 AM
[Comedy] @rcromwell4 All I want is to live well and to die in a manner so bizarre and gruesome it can only be described with a German word. Published:8/25/2016 5:03:58 AM
[Presidential Election of 2016] A Conflicted Donald Trump Tries a New Tactic: Sticking to the Script After months of flailing attempts, Donald J. Trump has begun to recast his message in more structured terms and wrestle with his temptation to go off script. Published:8/25/2016 5:03:56 AM
[Comedy] familiated

To be humiliated in front of ones family.

Its not a good feeling to be familiated.

Published:8/25/2016 5:03:56 AM
[Markets] Germany's DAX, Stoxx Europe 600 down more than 1% after Ifo index falls sharply Germany's DAX, Stoxx Europe 600 down more than 1% after Ifo index falls sharply Published:8/25/2016 5:03:56 AM
[Antarctic] Increasing Antarctic snowfall may offset sea-level rise From THE EARTH INSTITUTE AT COLUMBIA UNIVERSITY By mid-century, more Antarctic snowfall may help offset sea-level rise Increasing precipitation masked by natural variability — for now When Antarctica’s air temperature rises, moisture in the atmosphere increases. That should mean more snowfall on the frozen continent. So why hasn’t that trend become evident in Antarctica’s surface… Published:8/25/2016 5:03:56 AM
[Budget Industry] Document: Report to Congress on Navy Columbia Class Submarine Program The following is the Aug. 18, 2016 Congressional Research Service report, Navy Columbia Class (Ohio Replacement) Ballistic Missile Submarine (SSBN[X]) Program: Background and Issues for Congress. Published:8/25/2016 5:03:56 AM
[Drama] Olympic GIF ban flip-flop shows once again that Twitter can’t manage its users twitter-olympics Here’s a fresh example to show that Twitter, a ten-year-old company that has been public for the last three, retains the propensity to act like a newborn when it comes to its users. Read More
Published:8/25/2016 5:03:56 AM
[headlines] Heading Down The J-Hole: "The Fed Isn't Hawkish"

The Fed isn’t hawkish, exclaims Bloombergs Mark Cudmore. In fact, in relative terms, recent rhetoric has been long-term dovish, which means the dollar will likely break the lower end of its range soon.

“Rubbish,” I hear you cry. “Look at all the headlines we’ve had from Fed speakers in the past week. Look at Fed futures! The probability of a rate hike by year end has climbed.”

Beyond the consistent headlines talking up an imminent Fed hike or regurgitating the truism that every meeting is “live,” the substance of recent commentary from policy makers has been notable for its balance, and that’s a dovish shift.

While they’ve desperately tried to assure the market that they still hope to raise rates soon, they’ve also reiterated that the neutral rate is perhaps much lower than envisioned.

By citing the many issues potentially preventing a sustained hiking cycle, they’re subtly acknowledging the “one and massive pause” theory that the market has been pushing for a while.

That’s why the yield curve has flattened further even as the probability of a 2016 move increases... "fool me a 4th time and I lose all faith in The Fed"

The dollar rallied hard for 18 months from mid-2014 on the premise that the Fed was on the verge of beginning a wholehearted hiking cycle.

It finally raised rates in December 2015, and the dollar has weakened since then. What happened? Everyone realized that the hiking cycle would be significantly slower than anticipated.

The market has consistently been more dovish than the Fed, and correctly so. The next step is for the committee to converge to the fact that a sustained hiking cycle is a myth. Sure, a hike this year is very possible, as well as perhaps another one next year. But rates are not roaring higher any time soon.

Fed rhetoric is tacitly starting to admit this fact through all the statements questioning the whole policy framework. Indeed, that is the whole focus of this weekend’s Jackson Hole economic symposium.

The most hawkish people left are the media who love the excitement of a will-they-won’t-they story. Once the real story emerges, the dollar may face serious long-term downside.

The 1,150 support in the Bloomberg Dollar Index has held repeatedly during the past 18 months...

It’s unlikely to hold much longer and could even be broken as soon as Jackson Hole comments are assessed.

Even more interesting, perhaps, is the relative call to be made between the Fed policy shift and the macro environment. BofAML's Michael Hartnett lays out a framework for thinking about this relationship below:

 

  • Dovish Fed & stronger macro: yield curve bull steepens (short-rates fall faster than long-rates)…bullish combo for risk assets = OW equities, credit, commodities & EM equities until market corrects as investors think the Fed is “behind the curve”;
  • Hawkish Fed & stronger macro: yield curve bear steepens (long-rates rise faster than short-rates)…renewed animal spirits & proof of “Quantitative Success” = OW US$, value, banks/cyclicals & EAFE equities;
  • Dovish Fed & weaker macro: yield curve bull flattens (long-rates fall faster than short-rates)…secular stagnation worries deepen = OW govt bonds, gold, growth & US equities;
  • Hawkish Fed & weaker macro: yield curve bear flattens (short-rates rise faster than long-rates)…recession risk rises = OW cash, vol and defensives.

Right now we have "hawkish" Fed pricing into Fed Funds with a drastically-weakening macro picture...

 

We suspect - post J-Hole - that the market's realization of a "dovish"-er Fed and a weaker macro backdrop will be realized, and as BofA just explained - that is good for bonds, gold, and bull-flattening collapse in the curve (which is already starting).

Published:8/25/2016 5:03:56 AM
[Markets] Wall Street set for losses as Yellen speech draws closer Published:8/25/2016 5:03:56 AM
[topics:things/surgery] Man overjoyed with world's most extensive facial transplant Published:8/25/2016 5:03:56 AM
[marketsNews] China's big P2P platforms shrug off crackdown HONG KONG, Aug 25 (Reuters) - China's bid to tame its peer-to-peer (P2P) lending sector could cost smaller platforms some business, but the impact on larger players will be limited, and some of the...
Published:8/25/2016 5:03:55 AM
[Space Exploration ] 35 years on, Voyager's legacy continues at Saturn Saturn, with its alluring rings and numerous moons, has long fascinated stargazers and scientists. After an initial flyby of Pioneer 11 in 1979, humanity got a second, much closer look at this complex planetary system in the early 1980s through the eyes of NASA's twin Voyager spacecraft. Published:8/25/2016 5:03:55 AM
[In The News] Iranians test warship defenses by chasing U.S. destroyer News reports make Iranian chases of U.S. warships look trivial – but they aren’t. Defense officials have confirmed that the guided-missile destroyer USS Nitze (DDG-94) was followed and harassed by four Iranian patrol boats with uncovered (ready-to-use) weapons Tuesday in the Persian Gulf The Nize tried every available outlet to inform the fast boats that they were ...
Published:8/25/2016 5:03:55 AM
[Markets] Startups after 60: a solution for the retirement crisis? I’m now convinced that 50+ entrepreneurship is the more practical career choice for many boomers looking to earn an income.
Published:8/25/2016 5:03:55 AM
[Corruption] Michelle Malkin: Leo DiCaprio’s Dirty Dollars Tinseltown’s self-proclaimed “King of the World” is entangled with accused kleptocrats in Malaysia. The activist celebrity ostentatiously condemned the “politics of greed” at the Oscars in February. Yet, he’s been partying it up with some of Kuala Lumpur’s most corruption-stained elites. Recent investigations by The Hollywood Reporter tied donations received by DiCaprio’s charitable foundation to a shady Malaysian government “sovereign Published:8/25/2016 5:03:55 AM
[7123895a-9d5c-4c6e-ad37-cfc6e34e61aa] Gigi and Bella Hadid enjoy night out together The model sisters hit the town in style! Published:8/25/2016 5:03:55 AM
[World] Italy toll rises to 247 as anguish mounts over quake past AMATRICE, Italy (AP) — Rescue crews raced against time Thursday looking for survivors from the earthquake that leveled three towns in central Italy, but the death toll rose to 247 and Italy once again anguished over trying to secure its medieval communities built on seismic lands. Published:8/25/2016 3:22:47 AM
[Italy] After Earthquake in Italy, ‘Half the Town No Longer Exists’ In Amatrice, a town in central Italy known for a classic pasta dish, rubble piles blocked every street. Published:8/25/2016 3:22:47 AM
[Gadget Lab] Fujifilm’s X-A3 Camera Mashes Up Retro Looks and Selfie Smarts
Fujifilm’s X-A3 Camera Mashes Up Retro Looks and Selfie Smarts
Fujifilm's latest mirrorless camera splits the difference between a DSLR and a smartphone. The post Fujifilm's X-A3 Camera Mashes Up Retro Looks and Selfie Smarts appeared first on WIRED.
Published:8/25/2016 3:22:46 AM
[Entertainment] mirabilia: Dictionary.com Word of the Day mirabilia: marvels; miracles. Published:8/25/2016 3:22:46 AM
[Internet ] Facebook, Twitter failing on extremist content: UK MPs Facebook, Twitter and Google are not doing enough to prevent their social networks from being used by extremists for a recruitment drive, a panel of British MPs said Thursday. Published:8/25/2016 3:22:46 AM
[Bernie Sanders] Government Study Admits Fed Policies Have Deepened Downturn For Many

Via The Daily Bell,

Wealthy Have Nearly Healed From Recession; the Poor Haven’t 

 

 

The Great Recession and the subsequent recovery from it have deepened the wedge between the very wealthy and everyone else in America, plunging the poor deeper into debt and wiping out two-fifths of the wealth held by families in the heart of the middle class. The wealthiest Americans, meanwhile, appear close to regaining all their losses over the same period, according to an analysis released last week by the Congressional Budget Office. – Washington Post

This analysis helps prove a point we’ve been making for years: Fed stimulation provided by too-low interest rates does NOT stimulate industry only finance and speculation.

The Congressional Report doesn’t seem to mention central banking, so in this article we will rectify the omission. The entire justification for central banking is that it helps policymakers produce prosperity. But it doesn’t.

We don’t need a government analysis to confirm this but it’s useful to have because it illustrates once more the truth of what’s occurring in terms of economic manipulation. The entire apparatus of monetary leadership, and its influence on the marketplace itself, does not deliver what it is supposed to.

The idea is that the Fed provides additional liquidity as necessary. But this is a form of price-fixing. In a  normal economy where the government itself was not involved in “adjusting¨ the value and volume of currency, the value would be provided by the market itself.

This is the way it has traditionally worked throughout history. The last century has been one enormous experiment. But the consequences are obvious.

Say an economy utilizes gold as money. When too much gold circulated in the marketplace, the value relative to what could be purchased would likely decline. As the value declined, less gold would be produced and circulated. Mines would close, etc.

When less gold was produced, demand would build. The competitive marketplace itself would define the value of “money” and thus the contraction or expansion of money stock.

This does not seem to be a complex point. It is generally admitted that the only way to set a valid price is to allow the market itself to produce the value.

But somehow, not when it comes to money.

Then it seems to be universally acknowledge by power brokers in the US and abroad that a monopoly facility (a central bank) is necessary to adjust the price.

It makes no sense. And furthermore it is an example of what we call an elite dominant social theme.

It is paradigm circulated throughout the world that is so prevalent and fundamental that the mainstream media simply doesn’t question it.

Global warming is such a theme (here). Vaccines are such a theme (here). These themes and many others constitute the propaganda launched by governments – and shadowy power brokers – to reinforce and justify authoritarianism.

Every dominant social theme has two parts. The first part is the problem. Fear is to be raised and deepened whenever possible. That’s why so many elite memes focus on scarcity. The world is running out of water, food, air, etc.

The solution is always to be found in government – the bigger the better. The idea is to justify and advance global government (via the UN) whenever possible.

This is one reason that we are suspicious of the “nuclear weapons” narrative that we have been concentrating on of late. It fits perfectly into the fear-based elite paradigm. Nuclear weapons exist and can destroy the world. Only government can stop their spread and usage.

The same paradigm can be spotted when it comes to central banking. The world is ever in danger of recessions and depressions. And only monopoly central banking – the control of the money supply by an elite, technocracy – can save us from poverty.

Questions do arise of course. But always they have to do with the “job” a given central bank is doing. They are policy questions pertaining to the competence of a monopoly money-printing facility.

But the basic functionality is almost never questioned in the Kabuki ritual that passes for establishment dialogue.

But it should be. Unfortunately, as with so many articles in the mainstream media and Washington Post in particular, when something substantive is presented, the analysis is lacking.

The article presents the information but then leaves it lying there like a dead thing. No fundamental explanation is offered.

Here:

The analysis shows the wealthiest 10 percent of Americans now hold three-quarters of the nation’s wealth, up from two-thirds in 1989, and a three percentage-point increase from the start of the recession.

 

Most Americans found themselves with less wealth in 2013 than Americans of a similar age had in 1989; the only age group doing better than its counterparts from a quarter-century ago was senior citizens.

 

The report was commissioned at the request of Sen. Bernie Sanders of Vermont, who made inequality a central theme of his run for the Democratic presidential nomination this year.

 

In a statement, he said the analysis “makes clear that since the 1980s there has been an enormous transfer of wealth from the middle class and the poor to the wealthiest people in this country.”

Of course Sanders has the answer! He doubtless wants MORE government interference so that the problem government has created with its monetary price fixes can be cured by yet more meddling.

When central banks provide more money to the economy than necessary (and there is no way to prove how much IS necessary), the extra cash flows into the hands of the wealthy closest to the central bank money spigot.

Often this money is “invested” in securities exchanges and more money is made. This money doesn’t necessarily translate into industrial stimulation.

The wealthy make more money from central bank processes. But workers are left out of the process.

This is a simple and clear result of monopoly money printing. Price fixing never provides us with expected results. It always damages certain groups at the expense of others.

Over time, monopoly central banking has increasingly impoverished the people it supposedly seeks to help.

And gradually in this Internet era, workers are realizing it. The Fed, for instance, just launched a Facebook page (here). It is already bombarded with negative, nasty comments.

People, more and more of them, do understand the impossibility of improving the economy by giving a handful of people the power to expand or contract the money stock at will.

In simplest terms it is a ridiculous idea. It can’t work. It doesn’t work. And this analysis is further proof.

We’ve been reporting on the gradual decline of central bank – and Federal Reserve – credibility for about a decade now here at DB. Nothing that we have seen leads us to conclude that central banking is held in higher esteem than before.

In other words, the trend is down. And sooner or later the current system will not have the necessary popular support to survive.

While this will be a good development for the prosperity of many, we also know the corollary  difficulty that will emerge. At this point those who stand behind central banking have long-ago concluded the system is not viable.

But that doesn’t mean they will cooperate with removing it. What they will inevitably suggest is that because the current system doesn’t work, a larger, global system is necessary.

The groundwork is already being laid for this global  system. Just yesterday we pointed out that both the ruble and the yuan were being positioned to compete with the dollar. And yet the positioning elements – the IMF and World Bank – were being provided by the West!

The upcoming currency crisis is being manipulated by Western programmatic elements. The solution is to be some sort of increasingly globalized (world) government.

And as this conversation proceeds in the mainstream media, you will find little or no analyses of the price-fixing that inevitably accompanies monopoly central banking at any level.

It will be proposed that global price-fixing will somehow ameliorate the problems coming from regional price fixing of money.

Conclusion: But it won’t. The only path to prosperity is to privatize money and let the market itself calculate its value and volume. This should be done as soon as possible. The disease of central banking should be cured by the application of free-market solutions. We eagerly await this outcome and confidently expect its application within the better part of, hm-mm … a thousand years?

Published:8/25/2016 3:22:46 AM
[marketsNews] BRIEF-Liberty Global says Bernie Dvorak to retire as co-CFO Aug 25 (Reuters) - Liberty Global Plc * Announces changes within finance organization * Bernie Dvorak to retire as co-CFO * Charlie bracken to assume sole CFO position Source text for...
Published:8/25/2016 3:22:46 AM
[topics:things/immigration] Theresa May’s Brexit success depends on curbing immigration. Everything else is a sideshow  Published:8/25/2016 3:22:46 AM
[Markets] London Markets: FTSE 100 struggles as miners, drug makers pull lower U.K. stocks are lower Thursday, with declines among commodity producers and drug makers leading the market’s benchmark toward a second straight loss.
Published:8/25/2016 3:22:46 AM
[Comedy] @Reel2Dialog2 *Semi drifts into my driveway, transforms into a robot and hands me my package.* This Amazon Optimus Prime account was so worth it. Published:8/25/2016 12:27:47 AM
[Entertainment] 'RuPaul's Drag Race' is more than a TV show. It's a movement. "Drag Race" is teaching the world about queer culture, one lip sync at a time. Published:8/25/2016 12:27:47 AM
[Markets] U.S. raises concerns over European tax probe involving American companies The Treasury Department said investigation could undermine international agreements. Published:8/25/2016 12:27:47 AM
[World] Colombian government and FARC rebels announce peace deal The accord, if approved by Colombia’s voters, would end a conflict that has lasted 52 years. Published:8/25/2016 12:27:47 AM
[Politics] Trump ‘softening’ on immigration? Many of his supporters don’t seem to mind. “He’s still going to build the wall,” said one fan of the GOP nominee. Published:8/25/2016 12:27:47 AM
[World] Hannity Trump Town Hall Austin Texas Border Patrol Agents Being Handcuffed

During a special town hall event in Austin, Texas, hosted by Sean Hannity, immigration and border security experts explained the nature of the illegal immigrant problem what it would take to keep the country safe.

Published:8/25/2016 12:27:47 AM
[US Headlines] Donald Trump Out-Treasons Hillary Clinton In an apparent race to lose the confidence of US voters, Donald Trump is now out-treasoning Hillary Clinton by calling for the killing of the US families of ISIS fighters. It all started when Donald Trump was called treasonous for asking Russian h... Published:8/25/2016 12:27:47 AM
[World] Jackpot: Scientists find Earth-like planet at star next door WASHINGTON (AP) — After scanning the vast reaches of the cosmos for Earth-like planets where life might exist, astronomers have found one right next door. Published:8/25/2016 12:27:46 AM
[Politics] Few Are Ready for Uber's Self-Driving Cars

Uber has announced that it is launching a test program of driverless cars in Pittsburgh, but Americans are just as reluctant to take a self-driving car service as using one for their personal vehicle.

A new Rasmussen Reports national telephone and online survey finds that just 17% of American Adults say they would hire a self-driving car through a service like Uber. Seventy-four percent (74%) say they would opt for a car they can drive instead. (To see survey question wording, click here.)

(Want a free daily e-mail update? If it's in the news, it's in our polls).  Rasmussen Reports updates are also available on Facebook.  

The national survey of 1,000 Adults was conducted on August 21-22, 2016 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Published:8/25/2016 12:27:46 AM
[Markets] U.S. stocks close lower as health-care sector slides U.S. stocks close lower as health-care sector slides Published:8/25/2016 12:27:46 AM
[Ann Coulter Letter] Trump: The Great Unifier The modern Democratic Party is obsessed with voting blocs they call "Latinos," "Hispanics" and the "blacks and browns.” Published:8/25/2016 12:27:46 AM
[Culture] Texas Files Suit to Stop Obamacare from Forcing Doctors to Perform Sex Changes

Despite religious objections...

The post Texas Files Suit to Stop Obamacare from Forcing Doctors to Perform Sex Changes appeared first on Independent Journal Review.

Published:8/25/2016 12:27:46 AM
[Education] District of Columbia School’s ‘Green Academy’ Selling False Hope With Renewable Energy Training

Children are filtering back to school in the nation’s capital, but one school is getting students off on the wrong foot by promoting careers propped... Read More

The post District of Columbia School’s ‘Green Academy’ Selling False Hope With Renewable Energy Training appeared first on The Daily Signal.

Published:8/25/2016 12:27:46 AM
[PAID] Anaphylactic Political Shock Sorry, Hillary. The feds are to blame for Mylan’s EpiPen monopoly. Published:8/25/2016 12:27:46 AM
[General Physics ] Seismic shield: Large-scale metamaterials combat earthquakes in 3-D model Numerical analysis considers both surface and guided waves, accounts for soil dissipation, and provides design guidelines for implementing earthquake protection using an array of ground-based cavities. Published:8/25/2016 12:27:46 AM
[Amnesties, Commutations and Pardons] Colombia and FARC Announce Deal to End the Americas’ Longest War The country’s largest rebel group and the government said they had finally come to an agreement to end a conflict that had lasted 52 years and claimed some 220,000 lives. Published:8/25/2016 12:27:46 AM
[News & Analysis] Board Recommends Further Use Of Autonomy In Sea Control, Support Of Ground Troops The U.S. Navy and Marine Corps should advance the way they use unmanned systems, favoring greater autonomy over remotely-controlled missions and developing multi-vehicle systems such as swarms and cascaded operations, according to a recently released report by the Defense Science Board. The DSB report, requested by the Pentagon’s acquisition chief in November 2014, notes a […] Published:8/25/2016 12:27:46 AM
[Entertainment] Prince Estate: Paisley Park to open for daily paid public tours in fall Prince's creative oasis will be turned into a museum open to fans.
     
 
 
Published:8/25/2016 12:27:46 AM
[Uncategorized] Conflict of Interest? Chelsea Will Remain on Clinton Foundation Board if Hillary Wins The Clinton Foundation has a dark cloud over them due to emails showing major donors asking then-Secretary of State Hillary Clinton for huge favors. They have tried to mend their ways by deciding to stop accepting foreign donations if Hillary
 […]...
Published:8/25/2016 12:27:46 AM
[World] Obama's strategy on Clinton scandal: Play dumb

Pete Kasperowicz

The Obama administration said Wednesday that it didn't know too much and didn't care to look into the latest scandal to hit Hillary Clinton's campaign: the release of documents that appear to show she gave several donors to the Clinton Foundation special access to the State Department when she ran it.

Several questions were asked about whether there were fears at the White House or State Department that Clinton operated a "pay-to-play" system, or whether it even looked bad enough to warrant further investigation.

But at each turn, officials said they simply didn't know enough about it to comment, and indicated they wouldn't be doing much to look into it further.

At the White House, spokesman Josh Earnest was asked if Clinton took appropriate steps to ensure her foundation business didn't overlap with her duties at the State Department. Published:8/25/2016 12:27:46 AM

[Political Cartoons] You Get What You Pay For – A.F. Branco A.F.Branco Coffee Table Book <—- Order Here!
Published:8/25/2016 12:27:46 AM
[worldNews] Iran vessels make 'high speed intercept' of U.S. ship: U.S. official WASHINGTON (Reuters) - Four of Iran's Islamic Revolutionary Guard Corps (IRGC) vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said, amid Washington's concerns about Iran's posture in the Gulf and in the Syrian civil war.
Published:8/25/2016 12:27:46 AM
[World] Sexual politics is still a dangerous game

Sexual politics is always a slippery game. Democrats are salivating at the possibility of winning the White House with Hillary Clinton. They're enamored of the wide female gender gap in her favor. (Nobody says very much about the male gender gap running the other way.)

But sexual politics has frequently ... Published:8/25/2016 12:27:46 AM

[Culture] Dear Internet: It’s Time to Fix This Mess You Made
Dear Internet: It’s Time to Fix This Mess You Made
Enough is enough. The post Dear Internet: It's Time to Fix This Mess You Made appeared first on WIRED.
Published:8/25/2016 12:27:45 AM
[Campaigns & Elections] Compassionate Alt-Conservatism

Donald Trump is shifting to an illegal immigration policy that is a complete echo of the proposals by Jeb Bush and Marco Rubio he condemned as ...

The post Compassionate Alt-Conservatism appeared first on Commentary Magazine.

Published:8/25/2016 12:27:45 AM
[PAID] HP Reports Lower Earnings, Revenue HP’s revenue and earnings shrank in the most recent quarter, but the company showed signs of stabilizing the personal-computer business, its largest revenue source. Published:8/25/2016 12:27:45 AM
[AWD] IF LOVING A BRAND NEW GUN IS WRONG, I DON’T WANT TO BE RIGHT! It’s been far too long. I can’t stand it anymore! It’s been nearly 8 months since AWD bought a new gun. Sh*t ain’t right. AWD is jonesing for a pocket gun. A buddy of mine from San Antonio bought a Smith M&P in 9mm from a cat in Dallas. He asked ye olde AWD to pick it up and hold it for him until he got up this way to[Read More...] Published:8/25/2016 12:27:45 AM
[News 2016] 67 emails to “Diane Reynolds” released by Wikileaks 67 emails to “Diane Reynolds” released by Wikileaks. So who’s “Diane Reynolds?” Why none other than Chelsea Clinton. How transparent can they be? Published:8/25/2016 12:27:45 AM
[The Blog] UN concludes Syria crossed Obama’s red line at least twice since agreeing to give up its chemical weapons

"Bashar Assad is still crossing Barack Obama's 'red line,' a U.N. investigation has found."

The post UN concludes Syria crossed Obama’s red line at least twice since agreeing to give up its chemical weapons appeared first on Hot Air.

Published:8/25/2016 12:27:45 AM
[Politics] Trump literally polls Hannity’s angry mob on whether to AMNESTY or NOT amnesty! LOL! trump o face 234234Everyone is freaking out now that we’ve discovered that Trump is a pro-amnesty RINO betraying scumbag. Well, to be fair, some of us knew that all along. But these morons are STILL . . . Published:8/25/2016 12:27:45 AM
[Politics] Trump literally polls Hannity’s angry mob on whether to AMNESTY or NOT amnesty! LOL! trump o face 234234Everyone is freaking out now that we’ve discovered that Trump is a pro-amnesty RINO betraying scumbag. Well, to be fair, some of us knew that all along. But these morons are STILL . . . Published:8/25/2016 12:27:45 AM
[Politics] Call It Judgment Day: Obama Faces a Reckoning Over Payments to Iran Call it judgment day. It looks like the Obama administration might yet face some kind of reckoning in Congress, at least over its payoff of a long-simmering claim to the Iranian regime.That's because to do so, the administration tapped a little-known account at the Treasury Department called the Judgment Fund. It is a special account used to pay out claims against the US government.The details of how the administration did this, however, are being treated like a state secret. The State... Published:8/25/2016 12:27:45 AM
[2016 presidential election] Where Trump needs to get to on immigration (Paul Mirengoff) As John suggests, the immigration issue seems to be tying Donald Trump in knots right now. There’s poetic justice in this. Trump rode to front of the Republican pack in significant part because of the irresponsible and callous stance he took on this subject, bashing his leading opponents for taking positions Trump seemingly now would like to take. But Trump should be able to execute a fairly soft landing on Published:8/25/2016 12:27:45 AM
[Markets] Most Millennials Have Less Than $1,000 In Savings, Live Paycheck-to-Paycheck

The majority of millennials are living paycheck to paycheck.

A recent survey of millennials by HowMuch.net found that 51.8% of those aged 18-34 have less than $1,000 held between bank accounts and cash savings.

As Visual Capitalist's Jeff Desjardins notes, this echoes previous data we’ve seen – not just on millennials, but Americans in general. For example, we know that 14% of Americans have “negative” wealth. We also know that 62% of Americans don’t have emergency savings that could cover a $1,000 hospital visit or a $500 car repair.

Taking that into consideration, let’s dive deeper into this more recent millennial data...

Courtesy of: Visual Capitalist

 

YOUNGER VS. OLDER MILLENNIALS

The broad survey data can be further divided into “younger” and “older” millennial segments: those aged 18-24, vs. those between 25-34.

Based on the survey question, an intuitive expectation would be that younger millennials are much more likely to have less than $1,000 in savings. After all, many of the people in this group would still be in school, and many are struggling withstudent debt.

However, the difference is far less than one may expect. While it is true that 57.6% of the younger demographic has less than $1,000 in savings, the older group is not much better off with almost half (47.1%) of them being in the same boat. This shows that many millennials in their late 20s and early 30s are still not able to generate substantial savings.

MALE VS. FEMALE MILLENNIALS

There is also a significant divide between male and female millennials here, with 56.7% of females having less than $1,000 in savings. Compare this number to the male percentage of 46.5%, and it is clear there is a substantial divide between genders.

Lastly, males are also more likely to have a substantial amount stored away in their bank account. According to the survey, 21.5% of males have more than $20,000 of savings, while only 11.9% females can say the same.

Published:8/25/2016 12:27:45 AM
[Entertainment] Jana Kramer and Husband Mike Caussin Separate After More Than a Year of Marriage Mike Caussin, Jana Kramer, ACM 2016After a little more than one year of marriage, E! News has learned that Jana Kramer and Mike Caussin are separating. People broke the news that the two have parted ways amid the former...
Published:8/25/2016 12:27:45 AM
[Anti-Americanism] Bankers, Oligarchs, and The Left’s Erosion of America’s foundation Many conservatives are concerned that the future of the Supreme Court is paramount, however, IMHO, the most profound threat to the great American ‘Experiment’ rests in the threat to its economic foundation.   Understand that senior bankers and senior globalists are happy to see a socialist in power.  Socialists don’t build economies and don’t care... Read more » Published:8/25/2016 12:27:45 AM
[] Hump Day ONT [Weirddave] Politics OK, let's start the ONT off with some politics, shall we? On second thought, let's not.... Published:8/25/2016 12:27:45 AM
[Science] Clinton dodges Colin Powell question: 'Not going to re-litigate'

Becket Adams

Hillary Clinton dodged Wednesday evening when she was asked to comment on a report claiming she told investigators that Colin Powell advised her to use a private email server when she worked at the State Department, an allegation Powell reportedly denies.

The moment occurred during a phone interview with CNN's Anderson Cooper.

"You told FBI investigators that former Secretary of State Colin Powell advised you to use a personal email account," the CNN anchor said.

Powell responded to Clinton's supposed claim this weekend by reportedly saying, "Her people are trying to pin it on me. Published:8/25/2016 12:27:45 AM

[Markets] The Wall Street Journal: Donald Trump muddies his message on immigration Republican presidential nominee Donald Trump proposed contradictory immigration policies, saying in a broadcast interview that it would be “a very, very hard thing” to deport illegal immigrants who have been in the country for decades.
Published:8/25/2016 12:27:45 AM
[1680 pelham parkway] Bronx BP Allocated $1.4 Million for Developer Connected to $100,000 in Donations Borough President Ruben Diaz Jr. received nearly $100,000 from a developer that he later allocated $1.4 million in capital budget funds. Published:8/25/2016 12:27:45 AM
[Barack Obama] Obama peace partner Iran spends some of that ‘definitely not a ransom’ windfall showing off their boats to the US Navy The language of the appeased Published:8/25/2016 12:27:45 AM
[97fcb03c-a011-49ab-bf45-483ea226a709] The incredible story of America's national parks While other nations celebrate their history and their culture, we proclaim our land’s beauty. Published:8/25/2016 12:27:45 AM
[World] Obama Goes Nuclear To secure his diplomatic legacy, he’s leveraging his power to the extreme. Published:8/25/2016 12:27:45 AM
[General] Man behind fatal hostel stabbing had consumed cannabis; absolutely no indication of radicalization

Queensland police are emphatic that the man who fatally stabbed a young British woman had no ties to terrorist groups.

The post Man behind fatal hostel stabbing had consumed cannabis; absolutely no indication of radicalization appeared first on twitchy.com.

Published:8/25/2016 12:27:45 AM
[Markets] Stocks Retreat From Near Record [at The Wall Street Journal] - U.S. stocks fell as renewed political pressure to tamp down drug prices pushed health-care stocks lower. Published:8/25/2016 12:27:45 AM
[marketsNews] BRIEF-Technip signs agreement with BTG Bioliquids * Signs agreement with BTG Bioliquids to design and build pyrolysis plants for biomass-to-oil production Source text for Eikon: Further company coverage: (Gdynia Newsroom)
Published:8/25/2016 12:27:45 AM
[Hardware] Canon presents strong case with the EOS 5D Mark IV’s 34MP sensor and 4K hr-5d-markiv-ef24-105-top-cl-1 One of the most beloved camera series out there, the Canon EOS Mark 5D was due for a refresh. Announced today, Mark IV of the EOS 5D brings a 30.4 megapixel full frame sensor,with 4K video capability, so this is truly an elite camera. Some of the specifications that have come to our attention include a full-frame 30.4 megapixel CMOS sensor with ISO range 100–32,000; still expandable up… Read More
Published:8/25/2016 12:27:45 AM
[topics:places/south-korea] North Korea's ambassador withdrawn and facing questions over London defection Published:8/25/2016 12:27:44 AM
[World] Islamic Jihad’s Most Effective Weapons Ignorance and complacency are the west’s undoing. Published:8/25/2016 12:27:44 AM
[Comedy] @KentWGraham It’s not that I enjoy hot, steamy showers. I just want the mirrors fogged up so I can’t see my naked body. Published:8/24/2016 2:52:56 PM
[World] Death toll in Italy quake rises to 120, prime minister says Rescue workers struggled to reach survivors amid the rubble. Thousands were left homeless. Published:8/24/2016 2:52:55 PM
[World] Plante: Bombshell Clinton Foundation Report Being 'Swept Under Rug' by Media

Hillary Clinton is still being protected by the friendly mainstream media, which is now "sweeping under the rug" a bombshell new report, radio host Chris Plante said this afternoon.

Published:8/24/2016 2:52:55 PM
[World] 41 Straight Years of Trade Deficits yet America Still Stands Strong

Daniel J. Ikenson

Today the New York Times ran an op-ed by Clyde Prestowitz, one of the last generation’s most vocal trade policy Cassandras, who argues that the Trans-Pacific Partnership has no security or economic value to the United States, and would only exacerbate our trade deficits with the countries involved. Despite how things turned out, the same guy who warned in the early 1990s that Americans had best ingratiate themselves to their imminent Japanese overlords by learning to say “I surrender” in their native tongue doesn’t appear the slightest bit abashed about peddling more American defeatism to a new generation.

Most of what Prestowitz has to say in his op-ed is anachronistic or plain wrong, but let’s focus on his characterization of the U.S. trade deficit as a symptom of economic decline. There has been no shortage of hand-wringing about the U.S. trade deficit over the years. Since the 1980s, scolds have been warning about the unsustainability of running trade deficits and the perils that would follow. Today, the heirs of that perspective consider trade balance or a trade surplus to be the objective of trade policy — and trade deficits proof that the United States is losing at trade.

This misguided belief that the trade account is a scoreboard measuring the success or failure of trade policy explains much of the public’s skepticism about trade and trade agreements, lends plausibility to Trumptastic claims that the United States is routinely outsmarted by shrewder foreign trade negotiators, and provides cover for the same, recycled protectionist arguments that have persisted without merit for centuries.

If the trade deficit reduces economic activity and destroys jobs, why are there positive relationships between these variables?

But what has long been absent is a single convincing, factual argument that the U.S. trade deficit is a problem in need of a solution. Sure, many articles jump to that conclusion, relying upon or perpetuating misunderstanding about what exactly is measured by the trade account and the signals it sends to policymakers, but never one that is coherent from premise to conclusion, explaining cogently and with empirical support why the U.S. trade deficit is a problem, or why achieving trade balance or a surplus should be the aim of policy. Why hasn’t such a case been made?

Rather than a reflection of weakness or stupidity or profligacy or foreign malfeasance, the annual trade deficit is a sign of U.S. economic hegemony — a global endorsement of the relative strength of the U.S. economy and its direction. The United States has run annual trade deficits for 41 straight years. (Yet we’re still alive — even thriving!) The trade account turned to deficit in 1975, just four years after President Nixon upended the gold standard and caused the world’s investors to seek out safe havens. Because of its relative stability and the relatively low-risk associated with U.S. economic policies, the dollar quickly became the world’s predominant reserve currency. Demand for dollar-denominated assets grew swiftly, and with that inflow of investment came greater U.S. demand, for both domestic and imported goods and services.

During those 41 straight years of trade deficits, the size of the U.S. economy tripled in real terms, real manufacturing value added quadrupled, and the number of jobs in the economy almost doubled, outpacing growth in the civilian workforce. Perhaps these trends would have been more favorable had the United States run 41 straight years of trade surpluses, but that is highly doubtful, for the reasons below.

The scolds tell us that the trade deficit reflects economic “leakage.” When Americans purchase more goods and services from foreigners than foreigners purchase from Americans — the argument goes — U.S. factories, farmers, and service providers are deprived of potential sales, suppressing domestic output and employment. But that argument relies on the assumption that the dollars sent to foreigners to purchase imports do not make their way back into the U.S. economy — an assumption that is wrong. It may be true that when Americans — acting in their own self interest to maximize the value of their dollars — purchase from foreigners the things that could be purchased from domestic producers, there is some degree of temporary leakage. But remember that much of what Americans purchase from foreigners is not produced in the United States and about half the value of all U.S. imports consists of intermediate goods — the purchases of U.S. producers, who rely on those inputs to manufacture their own output. Moreover, when Americans choose to purchase the import over the domestic product, they are consciously maximizing their own value. If they get imports for lower prices, they have more resources to spend elsewhere in the economy, or to save (which becomes pooled with other savings and lent to entrepreneurs and business owners). Given these facts alone, it’s pretty hard to make the case that imports constitute leakage.

But here’s the most important part. In all cases, the dollars that go abroad to purchase foreign goods and services (imports) and foreign assets (outward investment) are matched almost perfectly by dollars coming back to the United States to purchase U.S. goods and services (exports) and U.S. assets (inward investment). Any trade deficit (net outflow of dollars) is matched by an investment surplus (net inflow of dollars). That investment inflow undergirds U.S. investment, production, and job creation.

It turns out that any temporary “leakage” associated with the trade deficit is replenished by the capital surplus. That capital investment takes the form of foreign purchases of U.S. equities and direct investment in property, plant, and equipment. It also includes purchases of corporate and government debt, the latter of which also undergirds U.S. economic activity, but demonstrably less efficiently than investment in the private sector.

This inward investment produces real wealth and other benefits for American businesses, workers, and consumers. When dollars leave the economy to purchase imports and come back as foreign equity investment in U.S. businesses or foreign direct investment in factories, research centers, hotels, and shopping malls, the U.S. economy enjoys benefits that would never have accrued had those dollars been prevented from going abroad in the first place.

This process helps explain the absence of an inverse relationship between the trade deficit and jobs and between the trade deficit and domestic output, and should be enough to refute the economic leakage argument. If the trade deficit reduces economic activity and destroys jobs, why are there positive relationships between these variables?

image

image

If the trade deficit reduces economic activity and destroys jobs, why are there positive relationships between these variables? In fact, a reasonable case can be made that the trade deficit is actually GOOD for the United States because the combination of the contraction of less efficient domestic production resulting from that temporary leakage and the expansion of economic activity associated with the inflow of FDI yields net increases in U.S. value-added (and produces other benefits). In other words, the foreign investors that establish or expand operations in the United States tend to be cream-of-the-crop foreign companies that have succeeded in their own markets and have gone global, disseminating industry best practices and new ideas, and they perform better than the U.S. private-sector average.

This paper presents a comparison of the performance of insourcing companies to the U.S. private sector average over 10 years and across 20 different metrics (including value added, capital expenditures, R&D expenditures, compensation, employee benefits, returns on assets, intermediate goods purchases, exports, and taxes paid) and found that insourcing companies performed better than the U.S. private-sector average on 17 of those 20 metrics, thereby raising average U.S. economic performance.

Another oft-repeated fallacy is that the accumulated trade deficit is a debt that our children and grandchildren will have to repay our foreign creditors. Let’s consider that. The U.S. trade deficit is financed by inflows of foreign capital used to purchase U.S. assets. Most of the assets purchased are equities and physical assets (direct investment). Some of the assets are corporate debt and government debt.

As of the end of 2014, Americans held a total of $24.6 trillion of foreign assets. Foreigners held a total of $31.6 trillion of U.S. assets. Of that $31.6 trillion foreign asset portfolio, treasury bills and bonds accounted for about $6 trillion — just under 20 percent of the total. It is only this portion — government debt owned by foreigners — that the American public (of this and future generations) is on the hook to pay back. Corporate debt has to be repaid, but only by the shareholders and employees of the companies issuing the debt — not by you or me or our children, generally. Equity purchases don’t have to be paid back at all — they’re not loans! When European, Japanese, Korean, Chinese or any foreign investors purchase U.S. companies or make “greenfield” investments to build new production or research facilities or hotels or shopping centers, there is no debt to be repaid.

How are our children and grandchildren on the hook to pay back accumulated trade deficits when most of those deficits are not loans, but equity? Selling equity or property or even entire U.S. companies to foreigners does not constitute debt and it is not akin to subsidizing our consumption by draining down our assets, as some suggest. It’s not a reverse mortgage.

The only portion of the trade deficit that the American public will have to pay back is that which finances the U.S. government debt, which accounts for about one-fifth the value of all foreign investment and is not a failing of trade or investment policy, but a consequence of excessive government spending. It’s worth noting that those who wish to respond to the trade deficit with restrictions on trade tend also to be the same people who advocate for more government spending, which is the real problem.

So, with that on the table, is it too much to ask those who believe the trade deficit is a problem to finally offer a compelling, fact-driven argument? We’ve been waiting over 40 years.

Daniel J. Ikenson is the director of Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies.
Published:8/24/2016 2:52:55 PM
[Tech] Debug Dockerized .NET Core Apps with VS Code Chris Myers shows how to configure an application for debugging under Docker. Published:8/24/2016 2:52:55 PM
[Daily Events Featured Story] College Campus Lunacy As the fall semester begins, parents, students, taxpayers and donors should be made aware of official college practices that should disgust us all. Published:8/24/2016 2:52:54 PM
[Comedy] low pro po

Undercover police officers. (low profile police)

"those low pro po's swear we cant spot them in crown vics with no plates and a searchlight."

Published:8/24/2016 2:52:54 PM
[Entertainment] thrummy: Dictionary.com Word of the Day thrummy: shaggy or tufted. Published:8/24/2016 2:52:54 PM
[World] The legacy media meltdown over Donald Trump

The meltdown of the American legacy media is now complete. Conservatives are sadly aware of the decline of The New York Times, the supposed "newspaper of record," as the benchmark for legacy media in general.

Now, with an election that threatens the status quo for the establishment, the curtain has ... Published:8/24/2016 2:52:54 PM

[World] Israel and Texas: A Growing Alliance A Lone Star State delegation visits the Middle East’s dynamo. Published:8/24/2016 2:52:54 PM
[Tech] iPhones May Get Curved Screens Next Year Apple’s newest iPhones may feature a completely redesigned touch screen. Published:8/24/2016 2:52:54 PM
[Regulation] Labour should focus on growth above inequality It used to go without saying that growth matters. But if former US Treasury secretary Larry Summers now feels the need to take to the pages of the Financial Times to make the ‘progressive case for economic growth’, it shows just how far other issues, whether inequality or climate change, have come to dominate the … Continue reading "Labour should focus on growth above inequality" Published:8/24/2016 2:52:54 PM
[World] Italy earthquake kills at least 120, reduces towns to rubble AMATRICE, Italy (AP) — Rescue crews using bulldozers and their bare hands raced to dig out survivors from a strong earthquake that reduced three central Italian towns to rubble Wednesday. The death toll stood at 120, but the number of dead and missing was uncertain given the huge number of vacationers in the area for summer's final days. Published:8/24/2016 2:52:54 PM
[PAID] California Has an IRA for You Sacramento creates a new public option for private workers that politicians control. Published:8/24/2016 2:52:54 PM
[PAID] Spotify in Talks Over Music Rights As Spotify gears up for a potential initial public offering next year, the music-streaming service is missing one key component in its pitch to investors: rights to play the music in years to come. Published:8/24/2016 2:52:54 PM
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