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[Entertainment] New Bachelor in Paradise Promo Promises "More Crying Than Ever Before" Bachelor in ParadiseA new promo for Bachelor in Paradise just aired after The Bachelorette, and it's got so much happening that we don't even know where to start. Demi Burnett is in love with a...
Published:7/22/2019 9:46:18 PM
[Markets] FBI Raids LA's Department Of Water & Power, City Hall

Rumors about a federal investigation into Los Angeles city hall have been circulating for months now, and on Monday, the Los Angeles Times reported that the FBI carried out a search of the Department of Water and Power and City Hall.

Power

A spokesman for the FBI confirmed the search.

"There is a search taking place at the DWP building. The affidavit in support of the search warrant is under seal by the court," said Rukelt Dalberis, an FBI spokesman in Los Angeles. Law enforcement sources said the FBI was also at Los Angeles City Hall.

A champagne-colored van was parked outside the DWP headquarters with a placard saying "FBI" and "Official Business."

An FBI van was parked outside City Hall East, which serves as the headquarters for City Atty. Mike Feuer ‘s office and several government agencies.

A spokesman for the City Attorney's Office refused to confirm whether the FBI agents had entered the City Attorney's office.

The mayor's office released a statement saying Eric Garcetti's office welcomed the investigation.

Alex Comisar, a spokesman for Mayor Eric Garcetti, said in a statement: "We were notified earlier this morning that federal search warrants were being executed today. The mayor believes that any criminal wrongdoing should be investigated and prosecuted. His expectation is that any city employee asked to cooperate will do so fully and immediately."

DWP Commissioner Christina Noonan declined to comment, saying she had been advised to refer all questions to a department spokesman.

LADWP spokesman Joe Romallo did not return multiple calls seeking comment.

Federal investigators have cast a wide net for information about foreign investment in Los Angeles real estate developments. Among those named in the warrant were Councilman Jose Huizar, Curren Price, the former head of he Department of Building and Safety and high-level appointees of Garcetti and Council President Herb Wesson.

Recently, the developers of projects in Councilman Jose Huizar's district have received grand jury subpoenas demanding they turn over communications with the councilman and other current and former staffers.

The DWP has been struggling with its own series of scandals, including the fallout from a billing system that sent out wildly inaccurate bills to customers, prompting a flood of lawsuits.

The warrant also named executives of Chinese firms bankrolling new residential and hotel towers on Figueroa Street in downtown Los Angeles. It doesn't say whether the FBI has gathered evidence of criminal activity.

Published:7/22/2019 9:46:18 PM
[worldNews] South Korea says it fired warning shot at Russian military aircraft that violated airspace The South Korean military fired a warning shot at a Russian military aircraft that entered South Korean airspace on Tuesday, the Ministry of National Defense in Seoul said.
Published:7/22/2019 9:46:18 PM
[The Blog] Spain isn’t happy with the Iran tanker seizure by the UK

"Our waters, not yours."

The post Spain isn’t happy with the Iran tanker seizure by the UK appeared first on Hot Air.

Published:7/22/2019 9:46:18 PM
[] Monday Overnight Open Thread (7/22/19) The Quotes of The Day Quote I "We will be working the U.K. They'll have a new prime minister soon, which is a good thing and we'll be working with the U.K., but we have no written agreement, but... Published:7/22/2019 9:46:18 PM
[Entertainment] Once Upon a Time in Hollywood Premiere: See Every Look as the Stars Arrive Adriana Lima, Once Upon a Time in Hollywood Premiere, Red Carpet FashionQuentin Tarantino and the cast of Once Upon a Time in Hollywood are transporting fans back to the summer of '69. Brad Pitt, Leonardo DiCaprio, Margot Robbie and more A-listers are...
Published:7/22/2019 9:19:35 PM
[Politics] Rep. Rashida Tlaib Urges $18-$20 Federal Minimum Wage Offering the idea at an event in Detroit supporting One Fair Wage, Rep. Rashida Tlaib, D-Mich., is calling for an federal minimal wage of $18 to $20 an hour.. Published:7/22/2019 9:19:35 PM
[Markets] Key Words: Warren Buffett took Occidental CEO ‘to the cleaners,’ says Carl Icahn Safe to say, Carl Icahn is not a fan of Occidental Petroleum Corp.’s effort to buy Anadarko Petroleum Corp.
Published:7/22/2019 9:19:35 PM
[worldNews] Moroccan lawmakers vote to bolster French in education system Moroccan lawmakers passed a draft law on Monday evening that would pave the way for strengthening the place of French in Moroccan schools, overturning decades of Arabisation.
Published:7/22/2019 9:19:35 PM
[Volokh Conspiracy] [Stewart Baker] How to survive a big data breach Episode 273 of the Cyberlaw Podcast Published:7/22/2019 9:19:35 PM
[Markets] The Non-Hack That Hurt Hillary - On The 3rd Anniversary Of WikiLeaks Release Of The DNC Emails

Authored by Ray McGovern via ConsortiumNews.com,

Three years ago Monday WikiLeaks published a trove of highly embarrassing emails that had been leaked from inside the Democratic National Committee. As has been the case with every leak revealed by WikiLeaks, the emails were authentic. These particular ones, however, could not have come at a worse time for top Democratic Party officials.

The emails made it unmistakably clear that the DNC had tipped the scales sharply against Democratic insurgent Bernie Sanders, giving him a snowball’s chance in hell for the nomination. The posting of the DNC emails is also widely seen as having harmed the the electoral prospects of Hillary Clinton, who could not escape responsibility completely, while a handful of the very top DNC officials were forced to immediately resign.

Relatively few Americans read the actual emails, their attention diverted to the incessant media-fostered question: Why Did the Russians Hack the DNC to Hurt Hillary? For the millions of once enthusiastic Democrats who favored Sanders, however, the disclosure that the nomination process had been fixed came as a bitter pill, leaving a sour taste in their mouths and a passive-aggressive reluctance to promote the candidacy of one they considered a usurper. Having had a huge stake in Bernie’s candidacy, they had little trouble seeing through the diversion of attention from the content of the emails.

Clinton Prevails

A mere four days after the WikiLeaks release, a well orchestrated Democratic Convention nominated Clinton, while many Sanders supporters loudly objected. Thus, she began her campaign under a cloud, and as more and more Americans learned of the fraud that oozed through the DNC email correspondence — including the rigging of the Democratic primaries — the cloud grew larger and darker.

On June 12, 2016, six weeks before the convention, WikiLeaks publisher Julian Assange had announcedin an interview on British TV, “We have upcoming leaks in relation to Hillary Clinton … We have emails pending publication.”

Independent forensic investigations demonstrated two years ago that the DNC emails were not hacked over the Internet, but had been copied onto an external storage device — probably a thumb drive. Additional work over recent months has yielded more evidence that the intrusion into the DNC computers was a copy, not a hack, and that it took place on May 23 and 25, 2016.

The DNC almost certainly knew what had happened — not only that someone with physical access to DNC computers had copied thousands of emails, but also which ones they had copied, and thus how prejudicial to the Clinton campaign they would be when they saw the light of day.

And so, candidate Clinton, the DNC, and the mainstream media (forever quoting anonymous “current and former intelligence officials”) appear to have colluded, deciding the best defense would be a good offense. No one knew how soon WikiLeaks would publish the emails, but the DNC offense/defense would surely have to be put in place before the convention scheduled to begin on July 25. That meant there were, at most, six weeks to react. But it only took two days. As early as July 24, about 48 hours after the leaks were published, and a day before the convention, the DNC first blamed Russia for hacking their emails and giving them to WikiLeaks to sabotage Clinton.

A Magnificent Diversion

Granted, it was a stretch — and the DNC would have to hire a pliable cybersecurity firm to back up their claim. But they had good reason to believe that CrowdStrike would perform that service. It was the best Clinton campaign manager Robbie Mook and associates could apparently come up with. If they hurried, there would be just enough time to prepare a PR campaign before the convention and, best of all, there was little doubt that the media could be counted on to support the effort full bore.

Clinton: Already blaming the Russians at DNC 2016 convention. (Wikipedia)

When WikiLeaks published the emails on July 22, 2016, just three days before the Democratic convention, the propagandists were ready to deflect attention from the damning content of the DNC emails by repeating incessantly that the Russians hacked the emails and gave them to WikiLeaks to hurt Clinton.

It pretty much worked like a charm. The late Senator John McCain and others were quick to call the Russian “hack” an “an act of war.” Evidence? None. For icing on the cake, then-FBI Director James Comey decided not to seize and inspect the DNC computers. Nor, as we now know, did Comey evenrequire a final report from CrowdStrike.

Eight months after the convention, in remarks at the Clinton/Podesta Center for American Progress on April 6, 2017, Clinton’s PR director, Jennifer Palmieri, could scarcely contain her pride that, after a difficult start, she was ultimately successful in keeping the Russian bear front and center.

Transcribed below (verbatim) are some of Palmieri’s more telling remarks when asked to comment, from her insider perspective, on “what was actually going on in late summer/early fall.”

“…I did appreciate that for the press to absorb … the idea that behind the stage that the Trump campaign was coordinating with Russia to defeat Hillary Clinton was too fantastic for people to, um, for the press to process, to absorb…. But then we go back to Brooklyn and heard from the — mostly our sources were other intelligence, with the press who work in the intelligence sphere, and that’s where we heard things and that’s where we learned about the dossier and the other story lines that were swirling about … And along the way the administration started confirming various pieces of what they were concerned about what Russia was doing. … [Emphasis added.]

“And we did finally get to the point on October 7, when the administration came out with a very stunning [memorandum]. How stunning it was for both the Director of National Intelligence and the Director of Homeland Security to put out a statement – a long statement – that said with high confidence that Russia was interfering in the election and they were also directing the timing of the leaks. And it named the institutions – WikiLeaks, DC Leaks, and Guccifer – as being Russian-led, and how stunning that was to be that certain and that public. … So I do think that the answer for the Democrats now … in both the House and the Senate is to talk about it more and make it more real ….”

And so, the Magnificent Diversion worked as intended.

Recognizing Liminal Time

But not all journalists fell for it.

Patrick Lawrence (once of The Nation, now of Consortium News) was onto the ruse from the start. He says he had “fire in the belly” on the morning of July 25, 2016, the day the Democratic convention began, and that he dashed off an article “in one long, furious exhale” within 12 hours of when the media started really pushing the “the Russians-did-it” narrative. The title of his article, pointed out to me a few months ago by VIPS member Todd Pierce, was “How the DNC fabricated a Russian hacker conspiracy to deflect blame for its email scandal … a disturbing resemblance to Cold War red-baiting.”

Lawrence’s off-the-cuff ruminations, which Salon published the next day are extraordinarily prescient and worth reading in full. He instinctively recognized the email disclosure-cum-media-obfuscation campaign as a liminal event. Here are some excerpts, reprinted here with Lawrence’s permission:

”Now wait a minute, all you upper-case “D” Democrats. A flood light suddenly shines on your party apparatus, revealing its grossly corrupt machinations to fix the primary process and sink the Sanders campaign, and within a day you are on about the evil Russians having hacked into your computers to sabotage our elections … Is this how lowly you rate the intelligence of American voters? …

The Sanders people have long charged that the DNC has had its fingers on the scale … in favor of Hillary Clinton’s nomination. The prints were everywhere … Last Friday WikiLeaks published nearly 20,000 DNC email messages providing abundant proof that Sanders and his staff were right all along. The worst of these, involving senior DNC officers, proposed Nixon-esque smears having to do with everything from ineptitude within the Sanders campaign to Sanders as a Jew in name only and an atheist by conviction. …

The caker came on Sunday, when Robby Mook … appeared on ABC’s “This Week” and … CNN’s “State of the Union” to assert that the D.N.C.’s mail was hacked “by the Russians for the purpose of helping Donald Trump.” He knows this … because “experts” — experts he will never name — have told him so.

the Clinton campaign now goes for a twofer. Watch as it advances the Russians-did-it thesis on the basis of nothing, then shoots the messenger, then associates Trump with its own mess — and, finally, gets to ignore the nature of its transgression (which any paying-attention person must consider grave). Preposterous, readers. Join me, please, in having absolutely none of it. There is no “Russian actor” at the bottom of this swamp, to put my position bluntly. You will never, ever be offered persuasive evidence otherwise. …[Emphasis added.]

Trump, to make this work, must be blamed for his willingness to negotiate with Moscow. This is now among his sins. Got that? Anyone who says he will talk to the Russians has transgressed the American code. … I am developing nitrogen bends … Which way for a breath of air?”

Sad Sequel

A year later Lawrence was commissioned by The Nation to write an investigative report on the so-called “Russian hack.” On August 9, 2017, after he interviewed several Veteran Intelligence Professionals for Sanity, among others, The Nation published his findings in an article entitled “A New Report Raises Big Questions About Last Year’s DNC Hack.” Lawrence wrote, “Former NSA experts, now members of Veteran Intelligence Professionals for Sanity (VIPS), say it wasn’t a hack at all, but a leak—an inside job by someone with access to the DNC’s system.”

Again, Lawrence got it right — this time relying less on his own experience and intuition than on applied science as practiced by real technical experts with no axes to grind. But, sadly, that cut across the grain of the acceptable Russia-gate narrative, and a furor erupted among Hillary followers still licking their wounds over her loss. It proved simply too much for them to entertain the notion that Clinton was quite capable, with help from the likes of Mook, to snatch defeat out of the jaws of victory — without any help from Vladimir Putin.

Published:7/22/2019 9:19:35 PM
[Politics] Waiting for Boris Johnson The purpose of this editorial is simply to share with the merry band that reads The New York Sun the video of Boris Johnson being interviewed in respect of Winston Churchill's use of language. We have no illusions about how difficult it would be for Mr. Johnson, or anyone, to emerge as historic figure on the scale of Churchill, who acceded to his country's leadership in a time of war having already racked up an epic combination of political and military experience. Published:7/22/2019 9:19:35 PM
[World] Fighting for the Right to Repair Our Stuff Manufacturers are creating monopolies by preventing customers (or anyone else) from fixing their products. It's time to end that. Published:7/22/2019 9:19:35 PM
[Politics] Trump Says Media Gives Him 'Zero Credit' for Wall Work Lashing out at the news media, President Donald Trump on Monday lamented his administration gets "zero credit" for its work on a southern border wall. Published:7/22/2019 8:46:13 PM
[b94609e3-fc80-5339-86a8-cf9f718ae2da] New York to block fake German heiress’ Netflix deal: reports Prosecutors have asked a New York judge to prevent the con artist Anna Sorokin from cashing in on a Netflix production expected to highlight the extravagant ruse that landed the woman who posed as a German heiress in state prison. Published:7/22/2019 8:46:13 PM
[Climate] The Fake Science of Global Warming (John Hinderaker) Francis Menton sticks it to the global warming lobby, good and hard: If you follow closely the subject of hypothesized human-caused global warming, you probably regularly experience, as I do, a strong sense of cognitive dissonance. On the one hand, you read dozens of pieces from seemingly authoritative media sources, as well as from important political officeholders, declaring that the causal relationship between human CO2 emissions and rapidly rising global Published:7/22/2019 8:46:13 PM
[The Blog] Too bad to check: Anthony Weiner moving back in with Huma Abedin?

Hoo boy.

The post Too bad to check: Anthony Weiner moving back in with Huma Abedin? appeared first on Hot Air.

Published:7/22/2019 8:46:13 PM
[Markets] Oil Will "Go Bust" If Recession Hits

Authored by Nick Cunningham via OilPrice.com,

Oil prices plunged last week, dragged down by fears of slowing demand, and shrinking geopolitical risk premia.

An unexpected increase in inventories underscored the downside risk to oil prices. The EIA reported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d in the week ending on July 12, although week-to-week changes are typical and make the data a bit noisy.

Crude prices sold off on the news, falling by nearly 3 percent on Thursday.

The data release renewed fears of a slowdown in demand. But cracks in U.S. demand are larger than one week’s worth of data. “The [year-on-year] increase in demand for the year to 11 July was just 29 thousand barrels per day (kb/d), up 0.1%,” Standard Chartered wrote in a note.

“Demand will have to be strong for the rest of the year if consensus forecasts for 2019 growth are to be achieved.”

The investment bank sees U.S. oil demand only rising by 89,000 bpd this year, while the EIA expects a stronger 248,000-bpd increase. Standard Chartered says U.S. oil demand “appears consistent with a slowing economy.”

The worrying thing for the oil market is that the U.S. economy has held up better than elsewhere.

In China, GDP growth has slowed to its weakest pace in nearly three decades. India, which is widely seen as the most important source of oil demand growth in the medium- and long-term, has also disappointed.

The International Energy Agency (IEA) said that global oil demand only grew by 0.45 mb/d in the second quarter. That contributed to a surprise 0.5 mb/d supply/demand surplus in the second quarter. As recently as June the IEA anticipated the oil market would see a 0.5 mb/d deficit.

The agency said that there were many reasons for tepid demand in recent months.

“European demand is sluggish; growth in India vanished in April and May due to a slowdown in LPG deliveries and weakness in the aviation sector; and in the US demand for both gasoline and diesel in the first half of 2019 is lower year-on-year,” the IEA wrote in its July Oil Market Report.

Nevertheless, the IEA stuck with its full-year forecast for demand growth at 1.2 mb/d, arguing that economic growth would rebound in the second half of 2019. Some of that optimism hinges on a resolution to the U.S.-China trade war, which seems a bit speculative. Reports suggest that trade negotiations are “stalled” while the Trump administration wrestles with how to handle Chinese tech giant Huawei. The Trump-Xi meeting on the sidelines of the G20 conference in June was supposed to lead to a restart in trade talks, but as the Wall Street Journal reports, no meetings have been scheduled as of yet. The WSJ also said that the Trump administration “appears to have resigned itself to a drawn-out battle.”

That certainly calls into question the optimism surrounding the IEA’s demand growth figures. “Both IEA and EIA remain optimistic in assuming an economic rebound in 2H19 and see global demand growth nearly tripling from ~0.6 mb/d y/y in 1H19 to ~1.5-1.8 mb/d y/y in 2H19,” said Allyson Cutright, Senior Analyst at Rapidan Energy Group. “While we do see some pickup in 2H19, in particular in China due to macroeconomic stimulus and eased restrictions on gasoline-cars, the overall trend in agency revisions is still probably headed down.”

Weak demand and rising supply are creating a perfect storm heading into 2020. The IEA said that the “call on OPEC” could fall by 0.8 mb/d next year, and even that is based on the agency’s rather optimistic demand growth figures.

As a result, OPEC+ has a serious problem on its hands. On the one hand, it can continue to cut production in order to prevent oil prices from collapsing. But that would require mustering up consensus and taking on deeper sacrifice. The alternative is not much better. OPEC+ can keep the current production cuts in place (or abandon them altogether) and let prices crash.

“Our balances have long assumed OPEC+ would have to extend and deepen cuts next year and project Saudi Arabia will be the brunt of the additional cuts,” Allyson Cutright of Rapidan Energy Group said.

“Our most recent update sees Saudi Arabia need to cut production toward the low-9 mb/d range next year, and that's assuming decent economic growth.”

Rapidan is betting that OPEC+ will opt for cutting, which might be just enough to head off a price slide. “However, if a recession develops or US sanctions on Iran are removed, then the deluge of new oil would more likely prove too large for OPEC+ to manage and oil prices would bust,” Cutright said.

Published:7/22/2019 8:46:12 PM
[Politics] REPORT: IG investigation to show how Comey was SPYING on Trump to build a case against him It looks like the IG report is gonna be a blockbuster, with reports now indicating that the investigation will show how Comey, himself, was running a counterintelligence investigation on Trump after the . . . Published:7/22/2019 8:46:12 PM
[Politics] REPORT: IG investigation to show how Comey was SPYING on Trump to build a case against him It looks like the IG report is gonna be a blockbuster, with reports now indicating that the investigation will show how Comey, himself, was running a counterintelligence investigation on Trump after the . . . Published:7/22/2019 8:46:12 PM
[In The News] Here’s What DOJ Will Let Mueller Tell Congress About Russia Probe

By Chuck Ross -

Robert Mueller

The Justice Department on Monday told former Special Counsel Robert Mueller that he must stay within the confines of the public version of his Russia report when he testifies before Congress on Wednesday, setting the stage for potential drama with lawmakers. In a letter responding to Mueller’s request for guidance ...

Here’s What DOJ Will Let Mueller Tell Congress About Russia Probe is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/22/2019 8:46:12 PM
[Politics] DOJ Tells Mueller to Stick to Public Findings in Testimony A Justice Department official on Monday wrote a letter to former Special Counsel Robert Mueller informing him that he needs to stick to the public findings in his report, CNN reports.... Published:7/22/2019 8:17:51 PM
[2b60f2d3-c3d0-5af5-beed-5e51648fe900] Kim Zolciak-Biermann says 'police are now involved' after daughter Brielle claims family was kicked off flight Kim Zolciak-Biermann says "police are now involved" after the reality star's daughter, Brielle, claimed a Delta employee kicked their family off of a recent flight from Los Angeles to Atlanta. Published:7/22/2019 8:17:51 PM
[The Blog] Great news: Wendy Davis launches House 2020 bid “for our children”

Some of them, anyway.

The post Great news: Wendy Davis launches House 2020 bid “for our children” appeared first on Hot Air.

Published:7/22/2019 8:17:51 PM
[Syndicated Posts] President Donald Trump’s Schedule for Tuesday, July 23, 2019

By R. Mitchell -

President Donald Trump will deliver remarks at the Turning Point USA Teen Student Action Summit, have lunch with Secretary of State Mike Pompeo, receive his daily briefing and meet with Senate Republicans. Keep up with Trump on CDN’s President’s Schedule Page. President Trump’s schedule for 7/23/19 All Times EDT 10:45 ...

President Donald Trump’s Schedule for Tuesday, July 23, 2019 is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/22/2019 8:17:51 PM
[Entertainment] What Comes After Clarke's "Death" on The 100? Bargaining, Danger, and Confusion The 100, Eliza Taylor, Bob Marley, Richard HarmonSanctum's Primes had no idea what they were getting themselves into by trying to kill Clarke Griffin (Eliza Taylor). The 100's defacto leader has been a little bit out of the...
Published:7/22/2019 8:17:51 PM
[Uncategorized] Liberal nightmare: Takeover of federal judiciary by “larval Scalias is devastatingly close to completion” Republican-appointee does not equal conservative, and conservative at the start does not mean conservative forever. But you've got to start somewhere, and "larval Scalias" is not a bad place to start. Published:7/22/2019 8:17:51 PM
[US News] Ben Rhodes leaves a lot of details out of his tweet about Israel demolishing structures

Ben Rhodes should check on his buddies in Iran and then have a seat.

The post Ben Rhodes leaves a lot of details out of his tweet about Israel demolishing structures appeared first on twitchy.com.

Published:7/22/2019 8:17:51 PM
[Markets] Chinese Dissident Tycoon Hiding In Ritzy NYC Hotel Accused Of Spying For Beijing

If this story sounds like it was ripped from the plot of "House of Cards," well, we'll concede that it has all of the necessary elements of a best-selling spy novel. In a story published in Monday's WSJ, the paper recounts the story of Chinese businessman Guo Wengui, who has been holed up in an 18th-floor apartment at the Sherry-Netherland Hotel in New York City, where he has been living while his application for asylum moves through the US legal system.

Hardliners like Steve Bannon have taken up Guo's cause - he claims to be one of China's most-wanted dissidents - but a recent legal dispute raised questions about what, exactly, Guo is doing in the US.

Chinese businessman Guo Wengui

Here's the problem: Guo contracted a well-known security firm to dig into a list of names whom Guo alleged were Chinese agents out to kill him. But the firm, Washington, DC-based Strategic Vision, soon developed a sneaking suspicion that Guo might be a Chinese spy using the firm's services to root out US agents working counter-intelligence. SV sued Guo, and in the latest filings, submitted on Friday, the firm accused Guo of hiring investigators to put American personnel in safety.

Strategic Vision is owned by the widow of a once-powerful Senator, Malcolm Wallop, a now-deceased Republican from Wyoming.

Mr. Guo asked the company to investigate the financial history, social-media presence and travel details of a list of Chinese nationals he claimed were linked to top Chinese Communist Party officials, according to a court document filed by Strategic Vision. He wired the company $1 million to start the project, according to filings from both sides in the dispute.

Strategic Vision, based in Virginia, is owned by French Wallop, who was married to now-deceased Wyoming Sen. Malcolm Wallop, a Republican. The company said in Friday’s court filing that Mr. Guo’s representation that he wanted to destabilize the Chinese Communist Party was “in alignment with Strategic Vision’s worldview.”

SV soon discovered that the first 15 names on Guo's list were "Records Protected" individuals, which suggests that they might have been intelligence assets working on behalf of the federal government.

Strategic Vision enlisted investigators who are former intelligence or law-enforcement personnel to perform the research, according to Friday’s filing. The filing said investigators determined the first 15 names provided by Mr. Guo had been designated by the U.S. as "Records Protected" individuals, for whom certain information wasn’t subject to disclosure. Such a designation is used in highly classified and access-restricted government databases, former intelligence officials said. The immigration status about such designees is often blocked in restricted government databases, and can suggest the person may be a foreigner who is assisting the U.S. government, experts said.

Strategic Vision said it concluded Mr. Guo was seeking information on Chinese nationals who may have been helping the U.S. government in national-security investigations or who were involved in other sensitive matters, according to the filing.

In the filing, SV determined that Guo "was not the dissident he claimed to be."

"Guo never intended to use the fruits of Strategic Vision’s research against the Chinese Communist Party," the court filing said. "That is because Guo was not the dissident he claimed to be. Instead, Guo Wengui was, and is, a dissident-hunter, propagandist, and agent in the service of the People’s Republic of China and the Chinese Communist Party."

Mr. Guo’s lawyer, Mr. Podhaskie, denied the allegations. "Mr. Guo is the most-wanted dissident worldwide by the Chinese Communist Party and has been their most outspoken and vitriolic critic since his arrival in the United States," he said in his statement.

Still, the Chinese government has purportedly frozen Guo's assets and threatened his family. Guo is subsisting on a massive pile of cash he managed to smuggle out of China with him.

Since then, Chinese authorities have frozen his assets and threatened his family, according to Mr. Guo. Still, he settled at the Sherry-Netherland in 2015, paying $67.5 million for the apartment overlooking Central Park. He has continued to travel frequently and got a membership at Mr. Trump’s Mar-a-Lago club in Palm Beach, Fla.

In 2017, after saying he had applied for U.S. asylum, Mr. Guo told the Journal he had set aside more than $150 million for legal fees to continue his fight against Beijing.

Mr. Podhaskie said in his statement that "certain of Mr. Guo’s assets in China valued at approximately USD$30 billion have been sold for pennies on the dollar" by Chinese Communist Party officials and that Mr. Guo “has never taken a penny out of China or Hong Kong since he began speaking out” against them.

But will the Trump Administration decide to use Guo as a bargaining chip in its trade talks with China? It's not outside the realm of possibility.

Published:7/22/2019 8:17:51 PM
[The Blog] Ted Cruz: Let’s face it, Fox News went all-in for Trump in the 2016 primaries

“I think it was Roger’s dying wish to elect Donald Trump president.”

The post Ted Cruz: Let’s face it, Fox News went all-in for Trump in the 2016 primaries appeared first on Hot Air.

Published:7/22/2019 7:45:45 PM
[Politics] House Panel Schedules Vote On Holding Kellyanne Conway in Contempt A House panel scheduled a vote Thursday on whether to hold White House counselor Kellyanne Conway in contempt for ignoring a subpoena to testify about violations of a law banning White House employees from talking about elections in their official roles.... Published:7/22/2019 7:45:45 PM
[US News] Poll: Most Americans oppose paying reparations, giving illegals national health insurance

A new poll has found that a majority of Americans find mainstream Democratic policies "bad ideas."

The post Poll: Most Americans oppose paying reparations, giving illegals national health insurance appeared first on twitchy.com.

Published:7/22/2019 7:45:45 PM
[2019 News] Justice Dept. Watchdog Has Evidence Comey Probed Trump, on the Sly Justice Dept. Watchdog Has Evidence Comey Probed Trump, on the Sly. We have two questions. When’s the arrest? Will he be going to GITMO? Published:7/22/2019 7:45:45 PM
[worldNews] Japan's top government spokesman Suga, finance minister Aso to retain posts: Kyodo Japan's Chief Cabinet Secretary Yoshihide Suga and Finance Minister Taro Aso will likely retain their posts in a cabinet reshuffle expected in September, Kyodo news agency reported on Tuesday.
Published:7/22/2019 7:45:45 PM
[Markets] "Electromagnetic Attack" Sparks Massive Blackouts Across Venezuela

Widespread power blackouts were first reported on Monday evening across 15 Venezuelan states and Caracas, as per a report from Reuters Caracas newsroom.

Venezuelan information minister Jorge Rodrigues said an "electromagnetic attack caused the nationwide blackout" and power companies along with government officials, are in the process of restoring the nation's power grid.

Back in March, the country experienced the most damaging rolling blackout in decades that brought the country, already devastated by an economic crisis, even closer to outright collapse.

"It terrifies me to think we are facing a national blackout again," said Maria Luisa Rivero, a 45-year-old business owner from the city of Valencia, in the central state of Carabobo.

"The first thing I did was run to freeze my food so that it does not go bad like it did like the last time in March. It costs a lot to buy food just to lose it," she said.

Netblocks, a civil society group observing internet traffic around the world, sent out several alerts via Twitter starting around 5:45 pm est. about widespread power loss across Venezuela that disrupted the country's internet.

The group said even state television, a key source of government propaganda, was brought offline.

Netblocks tweeted a photo of internet outage broken down by region:

The latest disruption comes a little more than four months after widespread blackouts crippled the country for about one week in March.

As of Monday evening, most of Venezuela's 23 states have no internet connectivity. 

In the previous blackout, we documented how cryptocurrency transaction volumes plummeted throughout the region. Some residents were prepared for the chaos, they set up local transaction networks via powerful WiFi repeaters powered by generators.

NetBlocks diffscans, which tracks the entire IP address space of a country in real-time, indicates the latest internet outages occured during the same time of the power cuts, labels the incident impact as severe for most of the states.

"Internet outages caused by electricity grid disruptions have a distinct network pattern used by NetBlocks to determine and attribute the root cause of an outage, a process known as attribution which follows detection and classification stages," NetBlocks said in a blog post.

Widespread power outages and no internet connectivity have occurred just before Juan Guaidó, the self-proclaimed interim president of Venezuela, is expected to launch nationwide anti-Maduro protests on Tuesday.

Published:7/22/2019 7:45:45 PM
[Automotive] Apple’s latest Tesla hire specializes in car interiors Another high-level Tesla engineering executive has hopped over to Apple. Steve MacManus, who was vice president of engineering at Tesla, is now a senior director at Apple, according to an update on his LinkedIn profile. Bloomberg was the first to report MacManus had taken the position at Apple. MacManus, whose was in charge of interior […] Published:7/22/2019 7:45:45 PM
[Markets] Facebook’s Messenger Kids had flaw that let children chat with unapproved users Facebook Inc.’s Messenger Kids app had just one job: Prevent children from chatting with people who weren’t approved by their parents. But it apparently couldn’t even get that right.
Published:7/22/2019 7:45:45 PM
[] So Maybe This Won't Be a Complete Disaster Macy's has removed plates advocating portion control from their stores after many people spoke out on Twitter, arguing that they were "casually promoting eating disorders and body shaming." The brand apologized and said they "missed the mark."https://t.co/GF3rhTUYdO— Jenna Amatulli (@ohheyjenna)... Published:7/22/2019 7:45:45 PM
[US News] Move over, Elizabeth Warren: Joe Biden knows how to make a buck at a university

"Middle-Class Joe" makes more in a half-hour than an assistant professor makes in a year.

The post Move over, Elizabeth Warren: Joe Biden knows how to make a buck at a university appeared first on twitchy.com.

Published:7/22/2019 7:15:47 PM
[Trump administration] On Regulation, Trump Exceeds His Campaign Promises (John Hinderaker) Candidate Donald Trump famously promised to get rid of two federal regulations for every new one. With 2 1/2 years in office under his belt, he has vastly exceeded that standard. Paul Bedard Published:7/22/2019 7:15:47 PM
[topics:people/kim-jong-un] North Korea's Kim Jong-un inspects new submarine, points out weapons systems Published:7/22/2019 7:15:47 PM
[Markets] Why The United States Won't Launch A Ground War Versus Iran

Authored by Steve Brown via The Duran,

In recent weeks we have seen numerous probing attempts and provocations in and around the Strait of Hormuz — whether false flags or actual events — intended to raise the profile of the US’s unilateral withdrawal from the JCPOA, and renewed US sanctions versus Iran.  Iran is pushing the issue with the United States, and is apparently offering a sacrificial pawn on the board (or perhaps knight!) by seizing two British oil tankers alleged to be operating illegally in the Strait of Hormuz.

While it is too soon to predict how the United States and its allies Israel and Saudi Arabia (both sworn enemies of Iran) will react, let’s explore the reasons why any US reactionary response will be largely symbolic, even if that involves a token strike versus Iran.

Global alliances have shifted

Turkey has defacto announced its withdrawal from NATO, by its purchase of S-400 missiles. That purchase and collaboration with Russia guarantees its departure from NATO, even if Turkey has not publicly announced such a withdrawal.  Furthermore, while Turkey’s military bases host US aircraft and operations, Turkey says it will not allow its bases to be used in any attack on Iran, by the US.

Iraq, an ally of Iran, has likewise stated that it will not allow its territory to be used as a base for attacking Iran.

Next, Imran Khan’s Pakistan has moved away from its alliance with the US to court China. China is Pakistan’s largest trading partner, and China has guaranteed security to Pakistan for Kashmir. Thus, no bases in Pakistan will be provided to the United States for any attack on Iran.

China and Russia have warned Washington too that it must not attack Iran. Iran has guarantees from Russia, China, Pakistan, Turkey, and even Japan and India that its economic future is secure… despite US sanctions.

So, only Saudia remains as a host for US aggression versus Iran.  But Saudia has much to lose by hosting US aggression, especially with Russia pushing OPEC+.  And even the largely defunct Arab League opposes US aggression versus Iran, from any Saudi base.

Iran will fight back

Next, consider the military force that Iran has at its disposal. From advanced Grad rockets to the Kornet, expect an announcement soon that S-400’s and other advanced armaments will be provided to Iran to ensure its right to defend itself. That, in conjunction with an already formidable array of defensive weapons to secure Iran’s borders and sea lanes will guarantee a formidable defense.

The United States cannot afford another new war

While the Federal Reserve may print the USD at will, a new war – especially a major war versus Iran – will weaken the US economically, despite the gamed casino numbers we see daily from Wall Street.

If the US were to attack Iran, be sure that the oil market will be mightily affected, causing oil prices to surge exponentially. Gold too will surge. Indeed, such an oil and gold price effect may be the prick needed to deflate the multi-quadrillion inflated USD bubble of public debt and derivative speculation that can burst again… just as it burst in 2008-2009.  But this time when the financial collapse occurs, and as Donald Trump has warned, the new collapse will render the financial collapse of 2008-2009 to be a picnic.

The US is not capable of defeating Iran in a conventional war

This time, there is no “coalition of the willing” to posture and pretend that the US has many and varied allies engaged in some just cause to rid the world of evil, as it proclaimed in 1994 versus North Korea, and in 2003 versus Iraq.  Apparently, the Marshall Islands, Micronesia, Palau and Solomon Islands have no real grievance versus Iran right now.

But the possibility exists that France, the UK and Germany will consider Iran enough of a threat around the Strait of Hormuz to impose additional sanctions on the country, and increase Naval military patrols to accompany tankers through the Strait. The increased patrols will increase tensions in the region, but should not result in war unless the US takes the bait of Iran sacrificing a knight to leave the West’s queen exposed, ie a greater war in the Middle East which may involve Iraq, Syria, Israel, Lebanon and Saudi Arabia.

Last time, just ten minutes prior to pulling the trigger (depending on accounts!) to consummate the Neocon’s dream for war with Iran, Trump had other ideas.

Now,  let’s review the reasons the United States cannot initiate a ground war versus Iran.

Iran Strike Strategic map

Afghanistan

Most likely candidate here would be to stage US air strikes on Iran from Bagram air base. But at this time Afghanistan seeks closer ties with Iran on trade; for example, to trade with India via Iran’s Chabahar port.

And while the US could stage air strikes from Bagram, to launch a ground attack from this region would be a virtual impossibility. That is, due to mountainous terrain and firmly entrenched and well-armed IRGC mountain troops, neighboring.

Furthermore, it is exceedingly likely that Dostum/Ghani would forbid any attack by the US on Iran from Afghanistan, that would result in a major new war. And note that Dostum is pushing for the removal of US troops from Afghanistan, including its air bases.

As a matter of conjecture, it is likely that the US presented Dostum / Ghani with an enticing “deal” to host US forces for staging their new war on Iran. And while initially accepting Trump’s deal, it is thought that with such high stakes for Afghanistan it would have ultimately been rejected. (An interesting bit of propaganda along these lines appears here.)

There is noise too from Trump about withdrawing from Afghanistan, but that eventuality is highly unlikely.

Turkmenistan

The “Hermit Kingdom” proves even more problematic for the US than Afghanistan, for attacking Iran. There is little infrastructure, no existing US air base, only a “secret base” proposed by various alt media sources. While such a base could be used for US harassment vs Iran, to initially stage a new US war versus Iran from Turkmenistan is exceedingly unlikely. Especially so, since Turkmenistan (a former Soviet republic) has very close relations with China, and China has already warned the US to refrain from attacking Iran.

Pakistan

Imran Khan has sought close ties to Iran, and agreed to mutual border protection.

US State is so concerned with Khan and his shifting alliance to Iran and China, the department recently released a counter to allegations re deteriorating US – Pak relations.

Based on its history and current leadership, Pakistan will not allow the United States to use Pakistan as a base for a ground war versus Iran.

United Arab Emirates

The US RQ-4 shot down by Iran on June 19th was launched from the UAE via a US military base there. This base is alleged to be devoted to US action versus ISIL, but is thought to be a major US base for reconnaissance on Iran.

The UAE is hostile to Iran, but has no land bridge with Iran, being directly across the Strait of Hormuz. Its location on the strait would certainly close the Strait in a full-blown US war, for which the UAE would be blamed as an accomplice.  The UAE has trade relations with Arab states too, that prevent it from being used as initial staging for a US war of aggression versus Iran.

It may be reasonably conjectured that the UAE agreed to allow US harassment strikes on Iran from its airfield there, but then withdrew that agreement abruptly.

Saudi Arabia

Saudi Arabia is an ally of the US only for financial reasons, and a sworn enemy of Iran. Recently Saudi Arabia turned to China in an attempt to broaden trade and diversify its economy. Saudi Arabia must look to the future despite its cold war with Iran, and maintain reasonable relations with other Arab states.

Besides having no land mass directly adjacent to Iran, and based on its history, for Saudi Arabia to host US troops capable of undertaking a ground war of aggression versus Iran seems unlikely. However, the Crown Prince is a noted war hawk and apparently not averse to wars of aggression (example, Yemen) so reports of Saudi Arabia hosting a new US air base and hundreds of US troops in Saudi Arabia may present an opportunity for the US to threaten Iranby its military presence there.

Iraq

Iraq has a significant history with the US military and has lost many thousands of its people to war and sanctions imposed on it by the United States. Even though the US has a significant presence in Iraq and many US bases still present there, the Iraqi government has on numerous occasions expressed its desire that the US’s 5,200 troops leave the country.

Recently, the call for US troops to leave Iraq has become more vocal and pronounced. Analyst consensus is of course that the US continues to occupy Iraq as a means to counter Iran’s influence in the country and elsewhere.

Iraq has a strong majority who now favour Iran, for trade, political, and cultural reasons.  Iraq has significant trade with Iran, and Iran leverages that trade in oil and electricity.

Many militias operate in Iraq, supportive of Iran, and anti-US. These militias are well-armed and battle-tested, and for the US to stage a ground war versus Iran from Iraq would be quite alarming to the populace generally, likely resulting in serious retaliation in Iraq, versus US forces.

So, while the US still has a significant presence in Iraq, a US attack and war on Iran based in Iraq would likely result in serious and immediate setbacks for the US.

Syria

Syria has no land border with Iran. In spite of Syrian objections, the US does host air bases to protect the terrorist region of al Tanf, and in Manbij. US harassment air raids on Iran could be launched from these bases, but a ground war could not be launched from Syria without a massive expansion of US bases there.  Such an expansion would constitute a move that would surely be militarily resisted by Syrian security forces and their significant allies.

What Options Does the US Have Versus Iran? 

Being a major military power, the US does have limited military options versus Iran, in addition to economic sanctions already imposed, while noting that an attack could certainly provoke the Russian or Chinese leadership to aid Iran. While the United States has never ‘won a war’ — and only in the case of Vietnam, Laos, Cuba, and North Korea has the US ever been forced to flee its chosen theater — as Greer points out, there is a difference between outright losing a war, when compared to not winning one.

Even if a war is not won, the result may benefit western powers, as it has (arguably) in the case of Israel-Palestine, Vietnam, Korea, Laos, Lebanon, Cambodia, Panama, and perhaps even Iraq, if imposed western participation in Iraq’s oil business and production is considered.

For the US to consider Iran to be among the “attack-worthy” group noted above, the US must first consider Iran to be weak enough (economically and militarily) to be worth attacking — since an outright quick US military victory versus Iran is an odds-on impossibility. The US must also consider the response of either Russia or China to be muted, as trade and diplomatic relations continue to sour exponentially with both countries.

Neither scenario above (militarily/economically weak) really applies in Iran’s case, so any attack on Iran must be largely symbolic and unlikely to result in massive retaliation; or to provoke the Russian or China’s leadership to intervene militarily, to assist Iran in its defense.

According to the western press, the targets chosen for Trump precisely one month ago on June 19th were three military and radar installations within Iran, the destruction of which would have resulted in relatively few deaths. Will those same targets be on the cards for the US military again?  We shall see.

Should Trump fire cruise missiles at those targets or bomb them from the air, it is highly likely that Russia’s or China’s leadership (China still receives significant amounts of oil from Iran) will quickly provide Iran with upgraded air defenses and possibly even warplanes.  And as this author has already suggested, the latter is the greatest concern for Washington in the face of a US-led attack on Iran.

Indications that the United States will attack Iran or not, even in a limited air strike, will likely appear on social media with the usual attack dogs – Bolton and Pompeo – rattling their sabers and exhorting the usual nonsense about the “danger” Iran poses to the west… or not. So far social media is quiet on the subject, but Trump may hold his counsel and engage in a surprise move. We shall see who is surprised!

This author speculates, perhaps incorrectly, that the US will take no action versus Iran for now, assuming the UK’s oil tankers are released promptly within the next few days… probably subsequent to a joint US-UK statement/demand.  Should the tanker seizure drag on, I believe the odds of a limited US strike versus Iran will rise exponentially by the day. That’s because the UK is of course a NATO participant, and the US could thus consider seizure of British ships to be militarily actionable.

What of Iran’s Motives?  

The culture that invented the game of chess never makes a move without careful and calculating consideration. Iran has been forced to play black for decades now, and has done so with skill, alacrity, and will take the initiative whenever possible.

Whether Iran has sensed a particular point of weakness in the West at this time, or Iran has hidden agreements in place with significant allies to come to its defense in the event of an US attack, is of course unknown.

That Iran may be holding a surprise move in check with support from its allies must be of extreme concern to the US Hegemon.  And eventually that concern must be all of ours, when the hegemon inevitably fails to intimidate and control the board with its white advantage, and its queen is taken.

Published:7/22/2019 7:15:47 PM
[Uncategorized] D.C. Circuit delays congressional Emoluments Clause case in setback to Trump opponents We started out with three Emoluments Clause lawsuits: one in New York, one in Maryland, and one in D.C. The plaintiffs are now 0-for-3 in getting to the discovery stage. Published:7/22/2019 6:50:21 PM
[Opinion] OMG! President Trump Just Said, “God bless you!”

By Amanda Alverez -

Unlike Russia Collusion, Stormy Daniels, Muslim Ban, US Mexico Crisis, and Mueller Report, this is the big one! This racist, sexist, homophobe outburst must spell the end of President Trump’s reign, right? After contacting the Mueller special counsel attorneys, it was a unanimous agreement President Trump has now gone too ...

OMG! President Trump Just Said, “God bless you!” is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/22/2019 6:50:21 PM
[The Blog] Can hotels refuse to rent rooms to ICE?

And if so, on what grounds?

The post Can hotels refuse to rent rooms to ICE? appeared first on Hot Air.

Published:7/22/2019 6:50:21 PM
[General] Tourist shares shocking photo of an armed man minding his own business at Yellowstone

If you wondered why he needed a firearm, why didn't you ask him instead of sneaking a photo?

The post Tourist shares shocking photo of an armed man minding his own business at Yellowstone appeared first on twitchy.com.

Published:7/22/2019 6:50:21 PM
[Politics] Giuliani: Any New Revelations By Mueller Would Be 'Totally Unethical' Rudy Giuliani says he's not expecting anything new in former special counsel Robert Mueller's congressional testimony - but if there is, it'd be "highly questionable."In an interview with The Hill TV that aired Monday, President Donald Trump's personal lawyer expressed... Published:7/22/2019 6:50:21 PM
[Politics] BREAKING: Justice Department puts constraints on Mueller before his testimony As you know, Mueller will be testifying before the House this week on the Mueller report and the DOJ is already putting constraints on his testimony: FOX NEWS – A Justice Department . . . Published:7/22/2019 6:50:21 PM
[Politics] BREAKING: Justice Department puts constraints on Mueller before his testimony As you know, Mueller will be testifying before the House this week on the Mueller report and the DOJ is already putting constraints on his testimony: FOX NEWS – A Justice Department . . . Published:7/22/2019 6:50:21 PM
[Politics] The left smears a senator for calling out elite ideology Missouri Republican Sen. Josh Hawley used a perfectly good word in its appropriate context — and now he stands accused of dog-whistle bigotry. At the National Conservatism conference in Washington, DC, last week, Hawley gave a keynote address that attacked the coastal elite for being out of touch and out of sympathy with the heartland.... Published:7/22/2019 6:50:21 PM
[Deep State] Report: Comey lied to, spyed on, Trump (Paul Mirengoff) Real Clear Investigations reports that Inspector General Michael Horowitz will say in his upcoming report that, although James Comey told President Trump he was not a target in the investigation of Russian interference in the 2016 election, Comey had actually been spying on Trump to see if the president was colluding with Russia. If an Obama-appointed Justice Department official so concludes after a lengthy investigation, it will be devastating for Published:7/22/2019 6:50:21 PM
[0d499c1a-e24b-522a-ac0f-3d1e2eff14d4] Serial killer Todd Kohlhepp the subject of limited series ‘Devil Unchained’ on Investigation Discovery A three-part limited series from Investigation Discovery will examine the dramatic rescue of a woman locked inside of a shipping container and ‘chained like a dog’ by a serial killer. Published:7/22/2019 6:50:21 PM
[Markets] The Wall Street Journal: Trump agrees to ‘timely’ decisions on licensing U.S. companies to resume Huawei sales President Donald Trump agreed Monday to grant timely licensing decisions to U.S. technology companies that want to continue lucrative sales to Huawei Technologies Co., as the administration seeks to restart trade talks with China.
Published:7/22/2019 6:50:21 PM
[Markets] Undeterred By Intimidation, Tesla Whistleblower Karl Hansen Files New Lawsuit Against Elon Musk

Tesla whistleblower Karl Hansen doesn't seem to be deterred by the intimidation tactics that the company has used against whistleblowers in the past. He's also dead set on trying to help other whistleblowers come forward, according to The Drive

He filed a lawsuit on July 19 in Nevada against Elon Musk for violations of the Sarbanes-Oxley act, intentional interference with business relations and breach of contract. 

Hansen said:

 “It’s taken a long time to get to this point, and I remain steadfast regardless of any monetary outcome. The only thing we are guaranteed to take to our graves is our name. I’ve spent a career of integrity, and won’t stand idly by when someone like Elon Musk runs roughshod over others because he happens to be a billionaire.

He continued:

 “Even though this has been and continues to be one of the most wrenching experiences of my life, it’s important for people to do the right thing, even if it means doing it alone. If you stay in the arena long enough, even by yourself, people will notice that, and the right people are going to notice your courage, and will support you.”

In his lawsuit, he says that the company interfered with his ability to find work. It's a similar claim that some former Buffalo factory workers made, alleging Tesla “intentionally interfered with efforts to seek employment with other employers in retaliation for outspoken union support.”

According to the report, Hansen also alleges: 

  • Musk and Tesla’s management actively concealed and participated in misconduct including spying on employees

  • Thefts ranging between $37 and $150 million dollars, along with links to a Mexican drug cartel

  • A Tesla employee was terminated after reporting the theft of $13,000 of copper wire to law enforcement, foreshadowing Hansen’s own termination from the company shortly after briefing management about his findings into criminal activities taking place 

With regard to the cartel claims, it's also worth noting that "Pablo Escobar’s brother recently demanded $100 million in cash or Tesla shares from Musk for purportedly stealing his flamethrower idea". Nothing to see here...

Hansen's own termination is reminiscent of a former Tesla Director of Environment, Health, Safety and Sustainability who claimed they were fired after reporting safety violations. An assembly line worker was also reportedly fired after reporting anti-gay harassment. 

And, of course, whistleblower retaliation was the main theme of the Martin Tripp case:

...after Tesla identified him as the source for a Business Insider article, Tesla’s Security team gave police a tip that they’d received an anonymous call that Tripp was planning a mass shooting at the Nevada factory where he had worked. That evening, when police confronted the tearful, unarmed Tripp he expressed his terror of Musk; they concluded Tripp posed no threat, meaning he had been the victim of a ‘swatting’.

Tesla provided a comment for the article, which included the following paragraphs:

Tesla takes misconduct like Mr. Hansen’s very seriously and the company has every right to expect its employees and contractors to abide by its policies, and to be fully honest and cooperative when dealing with an internal investigation. As a result of the discovery of Mr. Hansen’s misconduct and misappropriation of confidential information, Tesla informed Mr. Hansen’s third-party employer and asked the firm to no longer assign Mr. Hansen to the Gigafactory. However, Mr. Hansen’s termination from the third-party contractor is a matter between his employer and Mr. Hansen, and does not involve Tesla.

Elon was not personally involved in the decision to request that Hansen be reassigned from the Gigafactory, and doesn’t remember having ever met Hansen and certainly wouldn’t be able to identify him out of more than 40,000 employees at Tesla.”

Certainly, he wouldn't, right? We'd bet Mr. Hansen may disagree with this take...

Published:7/22/2019 6:50:21 PM
[] 4Chan Creates Fake Meanings for "Code Words" Like "Snowflake" and "SJW;" MSNBC Takes Exactly Zero Seconds to Confirm, Puts The Fake Definitions Right Up Into Their "News" So, you probably know the real definitions, but if you don't know: "SnowFlake" Actual definition: Taken from "special snowflake," refers to anyone who feels the world owes them outsized deference and sensitivity because they're so special and they just might... Published:7/22/2019 6:50:21 PM
[worldNews] Missing teens could be connected to murdered tourists, Canadian police say Two concurrent investigations in northern Canada - a search for two missing teenagers, days after a double homicide of an Australian and an American on a remote highway - could be connected, Canadian federal police said on Monday.
Published:7/22/2019 6:14:42 PM
[Politics] La. Police Officer Who Called AOC a 'Vile Idiot' Who 'Needs a Round' - Fired The Louisiana police officer who joked that Democratic lawmaker Alexandria Ocasio-Cortez should be shot has been fired, CBS News reports.A fellow officer who reportedly liked the post has also been fired.... Published:7/22/2019 6:14:42 PM
[Entertainment] Scar ('Lion King') takes on Mysterio ('Spider-Man'): Summer's evilest movie villains, ranked Hideous 'Lion King' standout Scar claws his way into our definitive summer ranking of big-screen baddies. But can he knock out Thanos? Read on.
      
Published:7/22/2019 6:14:42 PM
[US News] Rep. Ilhan Omar says we must ensure that illegal immigrants have access to abortion

And since reproductive health care will be "free," there's one more reason to cross the border illegally.

The post Rep. Ilhan Omar says we must ensure that illegal immigrants have access to abortion appeared first on twitchy.com.

Published:7/22/2019 6:14:42 PM
[Politics] The New Yorker Believes Al Franken Over Eight Women, Your Lying Eyes

The evidence in Jane Mayer's Kavanaugh story was rather weak compared to your average #MeToo story, which is why it is puzzling that Mayer's newest piece is a lengthy diatribe arguing all eight of the women who accused former Democratic Senator Al Franken of impropriety—Democrats and Republicans alike—were mistaken or lying. The argument is Franken is innocent of groping and forced kissing because a lot of people who like Franken insists he is; also, he has a family and cries a lot.

The post The New Yorker Believes Al Franken Over Eight Women, Your Lying Eyes appeared first on Washington Free Beacon.

Published:7/22/2019 6:14:42 PM
[Politics] EXCLUSIVE: Media Requests for EPA Records Soar Under Trump

Major news outlets, seemingly more prone to investigative reporting in the Trump era, are much more aggressive in seeking records from the Environmental Protection Agency... Read More

The post EXCLUSIVE: Media Requests for EPA Records Soar Under Trump appeared first on The Daily Signal.

Published:7/22/2019 6:14:42 PM
[Uncategorized] D.C. Circuit delays congressional Emoluments Clause case in setback to the Legal Resistance We started out with three Emoluments Clause lawsuits: one in New York, one in Maryland, and one in D.C. The plaintiffs are now 0-for-3 in getting to the discovery stage. Published:7/22/2019 6:14:42 PM
[Politics] Trump announces budget deal with congressional leaders President Trump and congressional leadership have reached a deal on a new federal budget and lifting the debt ceiling, it was announced Monday night. “I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority... Published:7/22/2019 6:14:42 PM
[Markets] Wall Street Trading Desks Suffer Worst First Half In Over A Decade

With Morgan Stanley reporting Q2 results yesterday, the first half earnings of all "big 5" US banks are now public, and when it comes to sales and trading they are nothing short of a disaster.

With the S&P at or near all time highs, institutional traders have, paradoxically, been increasingly moving to the "sidelines" for much of the second quarter as Wall Street trading desks posted their worst first half to a year in a decade, according to Bloomberg calculations. David Solomon, CEO of Goldman Sachs, made note of this over the last two quarters, and other major banks like JP Morgan and Citigroup have followed.

The slowdown in trading revenue has been due to uncertainty about trade war politics and global Central Bank policy. However, in the past, these types of uncertainties have spurred more trading, not less. This has raised the question of whether or not the slowdown in trading is permanent, instead of temporary.

Morgan Stanley CFO Jon Pruzan said in an interview Thursday: “It’s more of a subdued up than sort of the animal spirits you would generally characterize in this type of environment. We haven’t seen some of the traditional things in a market like this -- we haven’t seen a lot of people repositioning their portfolios, we haven’t seen leverage increase.”



Trading revenue at the five biggest Wall Street banks was down 8% in the second quarter, which followed a 14% slide in the first quarter. European banks are expected to post even larger drop offs next week when they report.

This will likely push revenue from equity and fixed income trading substantially below the $60.8 billion that was posted in the first half of 2017. These major firms generated $77.5 billion as recently as the first half of 2012.

One reason for the shrinkage - hedge funds have suffered outflows, which has also helped slow down trading volume. In addition, new rules that have limited lenders' ability to make principal bets with their own money have acted as a headwind. Technological advancements have also narrowed spreads in many areas of trading.

And over the last couple of quarters, Wall Street firms can’t decide whether or not they want to complain about too much volatility – or too little.

Jim Shanahan, an analyst at Edward Jones said: “I’m not sure what the Goldilocks scenario is for the banks. Part of the problem is that it’s too late to hedge interest-rate volatility, there’s not currency volatility to hedge. Speculators need volatility to hedge and enter the market.”

As a response, banks have cut costs. Front office headcount in trading units is down over the last five years and divisions like consumer lending and wealth management have picked up the slack that have led banks to record profits. As a result, the six biggest US banks set another record with $32.6 billion in (adjusted, non-GAAP) net income in the second quarter.

Go figure.

Citi CFO Mark Mason bemoaned the top-line sluggishness of the trading business: “Many of the investor clients remained on the sidelines,” he said on Monday. 

One can only imagine if equity revenue is slumping when the S&P is at all time high what will happen when the market finally crashes...

Published:7/22/2019 6:14:42 PM
[Entertainment] The trailer for the Mister Rogers movie is out, and people are so ready for a wholesome biopic Once again, the children’s TV host is here to make us feel better about ourselves and the world. Published:7/22/2019 6:14:42 PM
[] Revealed: Rashida Tlaib was Ejected from 2016 Trump Rally for Disrupting It and Acting Like a Lunatic The speech was interrupted fourteen times. As this crazy jihadette was ejected from the forum, she accused everyone else there of being "crazies." Video and pictures at the link. Or, here: My god! Tlaib back in 2016. pic.twitter.com/7RNRpv32TO— Rita Panahi... Published:7/22/2019 6:14:42 PM
[Politics] Clare Hillen: Will The Circus of Supreme Court Nominations Continue? Will Congress and the American people allow another Supreme Court confirmation such as that of Brett Kavanaugh to happen again?This was one of the main topics of discussion... Published:7/22/2019 5:45:13 PM
[worldNews] Strong winds reignite wildfires in central Portugal More than 1,000 firefighters battled wildfires in central Portugal on Monday, forcing the evacuation of several villages as the authorities hoped to limit the number of residents at risk.
Published:7/22/2019 5:45:13 PM
[World] Tax reform has never been so easy

The tax-extenders package being debated by Congress — which would prolong the life of certain tax breaks, many of which expired almost two years ago — does nothing but tilt the tax code in the favor of well-connected corporations. This package of narrow tax subsides undermines the gains from the ... Published:7/22/2019 5:45:13 PM

[General] Sen. Ted Cruz calls out Bernie Sanders for trying to redistribute his infamy as the Zodiac Killer

Republicans have the Zodiac Killer and the Grim Reaper in the Senate and we're going to keep it that way.

The post Sen. Ted Cruz calls out Bernie Sanders for trying to redistribute his infamy as the Zodiac Killer appeared first on twitchy.com.

Published:7/22/2019 5:45:13 PM
[Entertainment] Macy's removes 'mom jeans' plates following complaints they promote eating disorders Macy's agreed to pull plates they said "missed the mark" after people on social media complained they promoted body image issues.
      
Published:7/22/2019 5:45:13 PM
[Markets] Leaked Documents Expose Huawei's Role In Building North Korean Wireless Network

Huawei has already been accused, with good reason, of violating US and UN sanctions over doing business with Iran. Now, the Washington Post reports, citing clandestine internal documents, that Huawei secretly helped build a North Korean wireless network.

The revelation is the latest threat to undercut trade talks between Washington and Beijing, which have already reportedly stalled.

The telecoms giant partnered with a Chinese state-owned firm called Panda International Information Technology Co. on a variety of projects in North Korea over the span of eight years, according to past work orders, contracts and detailed spreadsheets taken from a database that charts the company’s telecom operations worldwide.

The way the partnership was structured made it difficult to detect Huawei's involvement. The spreadsheets and other documents were provided to The Post by former Huawei employees who believed the information is in the public interest. Other sets of documents were provided to WaPo by others who hoped to see them made public. All three sources spoke with WaPo on the condition of anonymity, fearing reprisals.

Taken together, the revelations raise questions about whether Huawei, which uses American technology and components in its products, violated US export controls regarding business dealings with North Korea.

The Commerce Department has been investigating potential links between Huawei in North Korea since 2016, but it hasn't publicly connected them. Meanwhile, Huawei said it has "no business presence" in North Korea. Spokesman Joe Kelly didn't comment, and he didn't dispute the authenticity of the documents, either.

"Huawei is fully committed to comply with all applicable laws and regulations in the countries and regions where we operate, including all export control and sanction laws and regulations" of the United Nations, United States and European Union, the statement read. A spokesman for Panda Group, Huawei's alleged partner, also declined to comment.

A State Department official explained the administration's frustration with Huawei over the situation.

"All of this fits into a general concern we have about corporate responsibility and a company like Huawei that is not trustworthy because of its company culture and numerous incidents indicating a willingness to evade or outright violate laws," the official said. "Working with regimes like North Korea, who deprive individuals on a regular basis of their basic human rights, raises concern."

When Koryolink, the first major North Korean wireless network, emerged in 2008, it solved a serious problem: North Korea's inability to find foreign multinationals willing to work with it. But the company only came about after a 2006 visit by Kim’s father, Kim Jong Il, to Huawei’s headquarters in Shenzhen, China.

"This was the time that confirmed not only the top leadership’s interest in dealing with Huawei but pretty much revealed a choice of Huawei as the primary supplier of technology," said Alexandre Mansourov, an adjunct professor at Georgetown University’s School of Foreign Service, who in 2011 wrote about North Korea’s digital transformation. "They decided to work with Huawei from that time on."

Koryolink was built through a 2008 joint venture of Egypt's Orascom Telecom Holding and North Korea's state-owned Korea Post and Telecommunications Corp. The venture was called CHEO Technology. Panda, and Huawei, via its relationship with Panda, was also heavily involved with building Koryolink's network.

Panda has a long history of doing the Communist Party's bidding.

A key player was Panda International, part of the storied electronics conglomerate Panda Group that has sometimes served China’s foreign policy. In 2001, for instance, during a visit to Havana, China’s president at the time, Jiang Zemin, gave Cuba 1 million Panda-made TV sets and introduced a company representative to Cuban leader Fidel Castro, who "excitedly shook hands and embraced" him, the firm recounts on its website.

And Huawei was more than willing to supply the equipment needed to build the network.

Huawei worked closely with Panda, using it as the conduit to provide North Korea with base stations, antennas and other equipment needed to launch Koryolink, internal documents show. For years, Huawei and Panda employees worked out of an inexpensive hotel near Kim Il Sung Square in Pyongyang, according to a person familiar with the arrangement.

Huawei was involved in "network integration" and "software" services as well as at least one "expansion" project for Koryolink, the documents show. It also provided "managed service" and "network assurance" services. One current Huawei employee reached by The Post, Yin Chao, said he worked in 2012 and 2013 on Koryolink’s automated callback system, one of several improvements the company offered the North Koreans.

Huawei has other shady links to companies accused of violating sanctions related to their dealings with Pyongyang.

Internal documents show that Huawei has done business with a separate Chinese company, Dandong Kehua, which in November 2017 was sanctioned by the US Treasury Department for exporting and importing goods to and from North Korea - trade seen by U.S. officials as financing Pyongyang’s nuclear and ballistic missile programs.

Documents obtained by The Post also illustrate the North Koreans’ concern with foreign spying on regime officials and their family members who would be using Koryolink. In spring 2008, Orascom and Korea Post tasked Huawei with developing an encryption protocol for the network, noting that the government would create its own encryption algorithm, according to the documents.

"Both sides had common agreement that the ordinary people will use the international standard mobile phones and special users will use different mobile phones which will contain locally developed encrypted algorithm," state the minutes of a 2008 meeting, a document signed by Korea Post’s chief engineer and an Orascom board member.

Soon, the North Korean government was building a rival wireless network, and used equipment from another Chinese telecoms giant, ZTE. It's likely that both of these networks contain American-made components.

The original joint venture agreement gave Orascom exclusive license to operate the mobile network through 2015, according to media reports, but the North Korean government launched a rival network, Kang Song, in 2013 using another Chinese telecom equipment supplier, ZTE. Kang Song quickly supplanted Koryolink as the dominant wireless provider in North Korea.

In 2014, the Commerce Department banned the export of U.S.-origin components to Panda, alleging it had furnished such parts to the Chinese military “and/or” to countries under U.S. sanctions. Since then, any company to provide Panda with telecom items intended for North Korea and containing at least 10 percent U.S.-origin content without a license would be in violation of the export ban.

Several experts, including the supply-chain analysis firm Interos, consider it to be likely that Huawei’s 3G equipment contained American components, though it is difficult to know whether it surpassed the 10-percent threshold outlined in export regulations.

So, will the Trump Administration change its plans to ease up on Huawei and blow up the trade talks over this? It's unlikely, but that doesn't mean a trade deal is any more likely.

Published:7/22/2019 5:45:13 PM
[3f5fe95e-0e7d-5a34-8cfc-fb342b0f5b3f] ‘The Hills: New Beginnings’ renewed for Season 2 on MTV “The Hills” are alive and well. Published:7/22/2019 5:45:13 PM
[Society] ‘The Squad’ Is Only the Beginning of Nancy Pelosi’s Problems

Alexandria Ocasio-Cortez and the rest of “the squad” are just the beginning of problems for House Speaker Nancy Pelosi and the left.  Socialism—and not the... Read More

The post ‘The Squad’ Is Only the Beginning of Nancy Pelosi’s Problems appeared first on The Daily Signal.

Published:7/22/2019 5:45:13 PM
[Recent Funding] The ‘Costco of cannabis’ raises $2.8 million for a membership weed delivery service Weed may be legal in California, but the black market is still the top spot for buyers looking for bud on a budget. Flower Co. graduated from Y Combinator’s latest class on the promise that they could cut customers better deals by focusing on partnering with growers directly to create their own house brands while […] Published:7/22/2019 5:45:13 PM
[The Blog] Trump’s focus on rule of law is winning the immigration debate, says …

"...the false dichotomy of America as either a nation of immigrants or a nation of laws.”

The post Trump’s focus on rule of law is winning the immigration debate, says … appeared first on Hot Air.

Published:7/22/2019 5:45:13 PM
[Politics] Ohio Moves Toward Nuclear Plant Bailout Published:7/22/2019 5:24:12 PM
[Politics] BREAKING: Trump announces bipartisan deal on the budget and debt ceiling! [UPDATED WITH DETAILS] This is just breaking on Twitter now, with President Trump announcing a bipartisan deal between McConnell, Schumer, and Pelosi on the budget and debt ceiling: I am pleased to announce that a . . . Published:7/22/2019 5:24:11 PM
[Politics] BREAKING: Trump announces bipartisan deal on the budget and debt ceiling! [UPDATED WITH DETAILS] This is just breaking on Twitter now, with President Trump announcing a bipartisan deal between McConnell, Schumer, and Pelosi on the budget and debt ceiling: I am pleased to announce that a . . . Published:7/22/2019 5:24:11 PM
[worldNews] Widespread blackout hits Venezuela, first major outage since March At least 14 Venezuelan states lost power on Monday, according to Reuters witnesses and reports on social media, the first nationwide blackout to include the capital Caracas since March.
Published:7/22/2019 5:24:11 PM
[Entertainment] Selena Gomez Rings in 27th Birthday on Glam Roman Holiday Selena GomezHappy birthday, Selena Gomez! The "Wolves" singer turns 27 today, Monday, July 22, and she's celebrating on a trip to Italy with her pals. After serving as the maid of honor...
Published:7/22/2019 5:24:11 PM
[Media] Chris Cillizza says Trump especially calls people of color stupid, cites AOC’s economics degree

Chris Cillizza actually thinks bringing up AOC's economics degree is helping his case.

The post Chris Cillizza says Trump especially calls people of color stupid, cites AOC’s economics degree appeared first on twitchy.com.

Published:7/22/2019 5:24:11 PM
[Markets] Trump says compromise deal on budget, debt ceiling reached Trump says compromise deal on budget, debt ceiling reached Published:7/22/2019 5:24:11 PM
[The Blog] Rashida Tlaib: C’mon, let’s make the federal minimum wage $20 per hour

Upping the ante.

The post Rashida Tlaib: C’mon, let’s make the federal minimum wage $20 per hour appeared first on Hot Air.

Published:7/22/2019 5:24:11 PM
[Politics] Trump Says Deal Reached on Spending, Debt Limit President Donald Trump said on Monday a two-year deal had been reached with congressional leaders to raise the Treasury Department's borrowing authority and to set budget spending caps."I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch... Published:7/22/2019 5:24:11 PM
[Markets] Illinois Lawmakers Push Property Tax Hikes To Fund Affordable Housing

Authored by Mark Glennon via WirePoints.org,

Property taxes will go up to pay for affordable housing if legislation now pending in the General Assembly passes. It’s not styled as a property tax increase, but that’s exactly what it is. It’s styled as property tax caps or reductions for affordable housing, which would directly result in increases for homeowners and everybody else.

Senate President John Cullerton

Two bills are pending. The first is Senate Bill 2259, sponsored by Senate President John Cullerton (D-Chicago). It would artificially limit increases in assessments of new or rehabilitated apartment complexes if the owner commits at least 20 percent of the building’s units to a rent cap for families that make less than a set income depending on the area. The second, House Bill 2168, goes further and would directly reduce assessments on similarly defined affordable apartments. It has nine House sponsors.

In other words, both bills would give a property tax break to owners of apartments for lower income renters. The problem is that the levy – the total amounts collected by each taxing authority – wouldn’t change. That means all other property owners pay the difference. The end result is simple and undeniable: Property owners would fund a special subsidy for affordable housing.

You’d think lawmakers had learned their lesson. In 2017, Chicago wanted a way to soften the blow of the city’s property tax increases, or at least make them look softer. Singling out the city wasn’t workable, so it got Springfield to pass increases in the homestead and senior exemptions for all of Cook County. We wrote about the dismal results for other taxpayers here, which the Chicago Tribune detailed. Other property owners got clobbered, especially in lower income areas.

As the Tribune reported on those results, “Many, many people are saying it’s not financially beneficial for them to pay the taxes they pay on their homes, when every 11 to 13 years, they’re paying the total costs of their home in taxes,” said Harvey Ald. Keith Price, economic development committee chairman.

“I’ve talked to a couple of people that have personally told me that they are not paying their taxes anymore. They’re going to save their money, and within the two years they have (before they lose the house), they’ll just save all their money and leave.”

It has only worsened since then.

If Illinois wants to pay for affordable housing it should be done smartly. The simplest and most efficient means to provide housing assistance is vouchers, not convoluted incentives like Springfield is moving towards. The pending bills would require a whole new level of bureaucracy for assessors and administrators to enforce.

The pending bills have other major flaws. Projects that would have been built anyway will still get the tax break. On them, the subsidy will have been wasted. And there’s no way to measure results. How will we know how many new projects, if any, get built thanks to the tax incentive? We won’t. That’s unknowable. For that same reason, we won’t know the full cost until after the fact.

Most importantly, property taxes are the last place to look to for funding. Illinois rates are already neck and neck with New Jersey’s for the highest in the nation. Hundreds of thousands of Illinois homeowners have had their equity erased or worse, been trapped with underwater mortgages. Suppressed values, primarily because of those taxes, have already cost Illinois homeowners a quarter trillion dollars just in the last ten years.

Published:7/22/2019 5:24:11 PM
[Gadgets] Original Apollo 11 landing videotapes sell for $1.8M VCRs didn't really exist when the first men walked on the moon, but NASA was ahead of the curve and recorded the event for posterity on videotapes — which just sold at auction for $1.8 million. The Hasselblads may have captured more detail, but there's nothing else in the world quite like these tapes. Published:7/22/2019 5:24:11 PM
[Politics] Mike Pence cancelled NH trip to avoid drug-dealing ex-Giants player: report Vice President Mike Pence abruptly canceled a trip to New Hampshire earlier this month so he could avoid shaking hands with a former New York Giants player under investigation for allegedly dealing drugs in the state, a report said Monday. Pence on July 2 suddenly scrapped a scheduled roundtable discussion on the opioid crisis at... Published:7/22/2019 5:24:11 PM
[23f6e07e-7b88-5f39-8e40-c0c65158cdc7] Former WWE wrestler, actor says he'd 'power bomb' President Trump if he could Former WWE Superstar and Hollywood actor Dave Bautista says if he could deliver the "Bautista Bomb," his signature wresting move, to one person in the world that he would deliver it to President Donald Trump. Published:7/22/2019 5:24:11 PM
[Law] Nearly 3,100 Federal Inmates to Be Freed Under Prison Reform

The U.S. Bureau of Prisons is freeing over 3,000 inmates under a criminal justice reform measure, the largest group to be released since President Donald Trump... Read More

The post Nearly 3,100 Federal Inmates to Be Freed Under Prison Reform appeared first on The Daily Signal.

Published:7/22/2019 5:24:11 PM
[Markets] Dow Jones Futures: Apple-Intel Modem Chip Report Lifts Intel; Qualms For Qualcomm? Stock futures: Apple reportedly is close to a deal to buy the Intel modem chip unit. Intel stock rose late, while Qualcomm stock fell. Published:7/22/2019 5:24:11 PM
[Markets] The Margin: The internet weeps for Tom Hanks as Mister Rogers in new trailer The first trailer for “A Beautiful Day in the Neighborhood” dropped Monday and emotions were raw.
Published:7/22/2019 5:24:11 PM
[] Online Rumors: Turkish Islamist Tyrant Erdogan Is Reported to be in Stable Condition, Because Dead is as Stable As It Gets Just rumors, though. Still, just in case... At least THREE Arab media outlets reporting Turkish President @RTErdogan dead of a heart attack. If true, this will have massive implications for #Turkey, Syria, Iraq, #NATO, Russia.https://t.co/rxGFmbB7ubhttps://t.co/e1CBNUKqamhttps://t.co/8d7xoRDZo5 pic.twitter.com/dXoAPh1b7I— Threat Journal (@ThreatJournal) July... Published:7/22/2019 5:24:11 PM
[World] Demolishing the foundation of the Green New Deal

On July 25, the Heartland Institute will hold its 13th International Conference on Climate Change, at the Trump International Hotel in Washington, D.C. Heartland has already published at least three, 1,000-page, peer-reviewed volumes on so-called “Climate Change,” under the moniker Climate Change Reconsidered II. 

Those scientific Heartland volumes draw on ... Published:7/22/2019 4:44:13 PM

[Entertainment] Cristiano Ronaldo Will Not Face Charges in Las Vegas Sexual Assault Case Cristiano RonaldoUPDATE: Cristiano Ronaldo will not face charges in relation to a 2009 sexual assault allegation leveled against him, E! News can confirm. The Clark County District Attorney's office...
Published:7/22/2019 4:44:13 PM
[Politics] Giuliani: Biden 'Not Smart Enough to Be President' Democratic presidential primary frontrunner Joe Biden is "smart enough to be president of the United States," according to Rudy Giuliani on Hill.TV. Published:7/22/2019 4:44:13 PM
[World] Lake Bell was haunted by guilt after her son's scary home birth Lake Bell opens up about the her son's traumatic home birth and why there was a period of time she felt guilty.
      
Published:7/22/2019 4:44:13 PM
[The Blog] Quietly, another fifty miles of border wall is completed

Up, up and away

The post Quietly, another fifty miles of border wall is completed appeared first on Hot Air.

Published:7/22/2019 4:44:13 PM
[US News] ‘The Mossad’ zings Rep. Rashida Tlaib and her boycott of Israel after checking out her website

Somebody had better tell Rep. Rashida Tlaib that Israel has infiltrated her website.

The post ‘The Mossad’ zings Rep. Rashida Tlaib and her boycott of Israel after checking out her website appeared first on twitchy.com.

Published:7/22/2019 4:44:13 PM
[Markets] Our Ruling Elites Have No Idea How Much We Want To See Them All In Prison Jumpsuits

Authored by Charles Hugh Smith via OfTwoMinds blog,

Even the most distracted, fragmented tribe of the peasantry eventually notices that they're not in the top 1%, or the top 0.1%.

Let's posit that America will confront a Great Crisis in the next decade. This is the presumption of The Fourth Turning, a 4-generational cycle of 80 years that correlates rather neatly with the Great Crises of the past: 1781 (Revolutionary War, constitutional crisis); 1861 (Civil War) and 1941 (World War II, global war).

What will be the next Great Crisis? Some anticipate another great-power war, others foresee another civil war, still others reckon a military coup is likely, and some view a collapse of the economy and U.S. dollar as inevitable.

While anything's possible, I propose a novel crisis unlike any in the past, a Moral Crisis in which the people challenge the power of the nation's corrupt Ruling Elites: not just elected officials, but the technocrats of the Deep State, the vested interests pillaging the nation, the New Overlords of Big Tech, the financier New Nobility, the Corporate Media and the self-serving state/corporate technocrat Nomenklatura who do the dirty work of the Ruling Elites.

Divide-and-Conquer has been the absurdly easy strategy of the Ruling Elites to fragment and disempower the citizenry. It's child's play for the Ruling Elites to ceaselessly promote a baker's dozen of divisive issues via the corporate media, and then watch the resulting conflicts split the citizenry into fragmented camps which subdivide further with every new toxic injection.

The one issue that could unite the fragmented citizenry is moral revulsion: As the Epstein case promises to reveal, there is literally no limit on the excesses and exploitations of the privileged few in America, no limit on what our Ruling Elites can do with absolute impunity.

The Nobility of the feudal era had some reciprocal obligation to its serfs; our New Nobility has no obligation to anyone but themselves. It is painfully obvious that there are two sets of laws in America: bankers can rip off billions and never serve time, and members of the Protected Class who sexually exploit children get a wrist-slap, if that.

Here's the sad reality: everybody in the Ruling Elites looked the other way: all the self-described "patriots" in the Intelligence services, all the technocrats in the Departments of Justice, State, etc., the Pentagon, and on and on. Everybody with any power knows the whole class of Ruling Elites is completely corrupt, by definition: to secure power in the U.S., you have to sell your soul to the Devil, one way or the other.

Like all Ruling Elites, America's Elites are absolutely confident in their power:this is hubris taken to new heights.

That the citizenry could finally have enough of their corrupt, self-serving Overlords does not seem in the realm of possibility to the Protected Few.There's always a way to lawyer-up and plea-bargain for a wrist-slap, a way to bend another "patriot" (barf), a way to offer a bribe cloaked as a plum position in a philanthro-capitalist NGO (non-governmental organization), and so on.

The possibility that moral outrage could spark a revolt seems improbable in such a distracted culture, but consider the chart below: even the most distracted, fragmented tribe of the peasantry eventually notices that they're not in the top 1%, or the top 0.1%, and that the Ruling Elites have overseen an unprecedented concentration of wealth and power into the hands of the few at the expense of the many:

Our Ruling Elites have no idea how many of us already want to see them all in prison jumpsuits, and they also have no idea how fast the moral revulsion with their corrupt "leadership" might spread. Scanning the distracted, consumerist rabble from the great heights of their wealth and power, they reckon the capacity for moral outrage is limited, leaving them safe from any domestic crusade.

They also trust that the citizenry can be further fragmented, further distracted, and so they will continue to be invulnerable. Or worst case scenario, a few especially venal villains will need to be sacrificed, and then all will return to the bliss of Neofeudal exploitation.

But they may have misread the American citizenry, just as they've misread history.

*  *  *

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($6.95 ebook, $12 print, $13.08 audiobook): Read the first section for free in PDF format. My new mystery The Adventures of the Consulting Philosopher: The Disappearance of Drake is a ridiculously affordable $1.29 (Kindle) or $8.95 (print); read the first chapters for free (PDF). My book Money and Work Unchained is now $6.95 for the Kindle ebook and $15 for the print edition. Read the first section for free in PDF format. If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com. New benefit for subscribers/patrons: a monthly Q&A where I respond to your questions/topics.

Published:7/22/2019 4:44:13 PM
[a61127ff-889c-5880-805a-671115a126f9] Vogue editor Anna Wintour sidesteps question about Melania Trump's style, discusses Michelle Obama instead When interviewer Anne McElvoy asked Anna Wintour her thoughts about Melania Trump's recent fashion choices, the Vogue editor-in-chief answered the question by praising former first lady, Michelle Obama. Published:7/22/2019 4:44:13 PM
[In The News] Here’s Why Pence’s Air Force Two Trip To New Hampshire Was Cancelled

By Chris White -

The White House abruptly cancelled a recent trip Vice President Mike Pence was scheduled to take because he likely would’ve come face to face with an alleged interstate drug dealer, Politico reported Monday, citing law enforcement officials. One of the person Pence was likely to have shaken hands with at ...

Here’s Why Pence’s Air Force Two Trip To New Hampshire Was Cancelled is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/22/2019 4:44:13 PM
[Markets] Apple close to buying Intel's modem business: report Apple close to buying Intel's modem business: report Published:7/22/2019 4:44:13 PM
[Markets] Market Extra: U.S. housing bonds, left out of rally, are poised for a rebound Amundi Pioneer makes bull call on U.S. housing bonds with government backing
Published:7/22/2019 4:44:13 PM
[structure:news] Andy Murray's gold postbox knocked down in car accident  Published:7/22/2019 4:44:13 PM
[Law] Governor’s Veto Means Hawaiians Will Continue Suffering Property Rights Violations

One of the most positive trends in American law is the nationwide effort to reform civil forfeiture laws. Since 2014, 33 states have taken steps... Read More

The post Governor’s Veto Means Hawaiians Will Continue Suffering Property Rights Violations appeared first on The Daily Signal.

Published:7/22/2019 4:44:13 PM
[Politics] Sen. Harris Proposes Bill to Ensure Access to Clean Water A $250 billion Water Justice Act that would ensure minority communities have access to clean water and to upgrade outdated water infrastructure is going to be introduced by Sen. Kamala Harris, D-Calif. Published:7/22/2019 4:20:05 PM
[bb756984-74fa-5d4d-b389-57374c366bf1] Former Miss Michigan Kathy Zhu stripped of 2019 title says ‘toxic’ cancel culture to blame for ousting Miss Michigan was stripped of her crown on Friday after Miss World America was made aware of a number of controversial tweets which surfaced on social media following her victory. Published:7/22/2019 4:20:05 PM
[The Blog] WaPo, Politico: You know Mueller-mas will be a bust (again), right?

Prediction: “as unresponsive as possible, while telling the truth."

The post WaPo, Politico: You know Mueller-mas will be a bust (again), right? appeared first on Hot Air.

Published:7/22/2019 4:20:05 PM
[Entertainment] Everything You Need to Know About Love Island Host Arielle Vandenberg Love Island, CBSLadies and gentlemen, meet your host! With CBS's newly launched Love Island in full swing in the United States, you may have already met Arielle Vandenberg, dubbed the show's host...
Published:7/22/2019 4:20:04 PM
[Politics] JUST IN: Trump making BIG change to immigration to deport even MORE illegals faster Here’s another move by the Trump administration that probably isn’t going to go over very well with liberals: FOX 8 – The Trump administration is planning to expand a procedure to speed . . . Published:7/22/2019 4:20:04 PM
[Politics] JUST IN: Trump making BIG change to immigration to deport even MORE illegals faster Here’s another move by the Trump administration that probably isn’t going to go over very well with liberals: FOX 8 – The Trump administration is planning to expand a procedure to speed . . . Published:7/22/2019 4:20:04 PM
[Economy] Art of the Budget Deal: Trump, Pelosi Closer to Agreeing to Up Spending and Debt

When President Donald Trump begrudgingly signed a budget deal he called “ridiculous” in order to get increases for the military budget, he asserted: “I’m not... Read More

The post Art of the Budget Deal: Trump, Pelosi Closer to Agreeing to Up Spending and Debt appeared first on The Daily Signal.

Published:7/22/2019 4:20:04 PM
[topics:organisations/nhs] GP receptionists will offer patients appointments at chemists, in bid to take pressure off family doctors  Published:7/22/2019 4:20:04 PM
[Uncategorized] Macy’s Drops ‘Mom Jeans’ Plates After One Woman With No Sense of Humor Complains Whose feelings get hurt over a stupid plate? Published:7/22/2019 4:20:04 PM
[Markets] NewsWatch: Fed could worsen the next recession with a July rate cut, says Mizuho economist Some argue the Federal Reserve risks exacerbating any coming economic slowdown by keeping interest rates excessively low.
Published:7/22/2019 4:20:04 PM
[Markets] The Algos Are Starting To Sell Stocks Ahead Of Next Week's FOMC

Over the weekend, we pointed out that in addition to the biggest conundrum facing markets in 2019, namely that the higher stocks rise, the greater the (now record) outflows from equity funds, there has recently emerged another especially bizarre divergence: whereas discretionary investors have been cutting equity positioning as growth has slowed...

... systematic strategy allocations - i.e., quants, "robots", and the like - have been buying up stocks the worse the economic picture became, and have been pushing the S&P higher.

And here an odd observations: whereas historically, positioning for both discretionary and systematic strategies have typically moved together and were highly correlated with growth indicators, this year however, discretionary investors have steadily reduced their exposure which is now below average, in line with their behavior historically when growth is slowing.

What this means is that not only do broader markets track systematic rather than discretionary flows, but the marginal price setter is no longer of human (discretionary) origin, but rather robotic.

In other words, the good news is that while humans may have gotten cold feet, robots continued to buy... for now.

And now the bad news: whereas global equities have maintained upward momentum for the most part, that momentum seems to be losing steam, and at least one major class of robotic investors may soon seek to exit too.

As Nomura's quant team writes, with the FOMC having now entered the blackout period ahead of next week's potentially historic FOMC meeting (30-31 July) when the Fed is widely expected to restart monetary easing, market participants are converging on the view that the Fed will cut interest rates by 25bp - but not by more - and as a result market sentiment is softening in markets worldwide.

Indeed, it appears to Nomura that, rather than expecting a risk rally once the rate cut decision has been made, the market is starting to worry that a rate cut would be followed by a round of "selling the fact". As a result, given that Nomura sees signs of ebbing risk appetite, the Japanese bank thinks it best to be on the lookout for selling of global equities for profit-taking purposes ahead of the event, particularly among speculative traders. Furthermore, the bank's quant team also notes that "hedge funds have staked out positions that look especially vulnerable to a combination of rising volatility and falling stock prices."

Global stock market sentiment has continued to soften, most obviously in the US, as the perceived likelihood of a 50bp rate cut has dropped off. Although sentiment is still slightly on the risk-taking side of neutral, we would expect investors to remain fairly unenthusiastic if the July FOMC meeting ends innocuously with a 25bp rate cut.

Hedge funds, meanwhile, are still positioned in a way that would lead one to believe that they:

  1. expect volatility to remain consistently low; and
  2. see little downside risk for equities.

For example, the overall performance of hedge funds as measured by the HFRX Global Hedge Fund Index (HFRXGL) is still closely correlated with returns on an S&P 500 put write strategy, which leads Nomura to believe that speculative traders are by and large not taking profits on this sort of high-risk, bullish position in equities.

At the same time, the growth in VIX futures shorts is another manifestation of this risk-taking behavior on the part of speculative traders. According to latest data from the CFTC (dated 16 July), the net short position of non-commercial traders has grown to around 140,000 contracts, which is to say that the outstanding net position of hedge funds is now highly vulnerable to a rise in volatility paired with a drop in stock prices.

Which brings us to the proverbial "robots", or CTAs, which after bidding up stocks for much of the past month are preemptively taking profits on long positions in US equity futures.

As mentioned above, US stock market sentiment has softened somewhat. Even if the Fed were to go through with a 25bp rate cut at the July FOMC meeting, the appetite for risk may continue to fade unless the Fed pairs the rate cut with some additional dovish surprise. And, as the charet below shows, trend-following CTAs have already begun preemptively taking profits on long positions in US equity futures.

And as Nomura's Masanari Takada writes, "trend-following CTAs are in the process of scaling back their net long position in US equity futures." Specifically, CTAs have been shrinking their net position in S&P 500 futures in increments since 17 July.

Finally, because the outstanding net long position of CTAs breaks even at around 2,955 (based on what Nomura calculates the average cost of their net buying since the beginning of June), this selling is still mostly a matter of preemptive profit-taking commensurate with what the market is actually doing.

Said otherwise, should the S&P dip below 2,955 ahead of next week's FOMC, the Fed may have no choice but to cut 50bps as the market will be delighted to once again force Powell's hand.

On the other hand, discretionary traders (global macro hedge funds and equity long/short funds) following aggressive selling for much of 2019, are slightly on the side of adding to their net exposure and BTFD, or as Takada notes, "the buying of US equities by global macro hedge funds sticks out here."

Nomura's conclusion: "The US stock market is currently the scene of a head-on collision between selling by technically minded CTAs and buying by fundamentals-oriented global macro hedge funds."

Whether this collision will result in an acceleration in the market's meltup, or a painful reacquaintance with gravity will depend on what the Fed does next week.

Published:7/22/2019 4:20:04 PM
[Entertainment] *POPCORN* Bernie Sanders spox notices something about Samantha Bee after she called on Marianne Williamson to drop out of 2020 race

It's getting good.

The post *POPCORN* Bernie Sanders spox notices something about Samantha Bee after she called on Marianne Williamson to drop out of 2020 race appeared first on twitchy.com.

Published:7/22/2019 4:20:04 PM
[Markets] The Dow Rose 18 Points Ahead of Major Earnings and Big-Time Economic Data All three major indexes closed with gains on Monday at the beginning of a busy week. About a third of S&P 500 companies report second-quarter earnings this week, including United Technologies, Snap, Coca-Cola, and Chipotle Mexican Grill on Tuesday. Published:7/22/2019 4:20:04 PM
[Politics] MSNBC Guest Spreads Fake Claim Fox News Won’t Cover Mueller Hearing

The post MSNBC Guest Spreads Fake Claim Fox News Won’t Cover Mueller Hearing appeared first on Washington Free Beacon.

Published:7/22/2019 4:20:04 PM
[] Paul Sperry at Real Clear Investigations: IG Horowitz is Set to Report That Comey Deliberately Lied to, Spied on President Trump, While Claiming In Congressional Testimony That There Was No Investigation Into Trump Pine-Scented Druid Philosopher and Barkless Ent James Comey lied to the President and might well have lied to Congress, under oath. Lying to your constitutional superior officer to undertake an illegal investigation into him is a fireable offense, of course,... Published:7/22/2019 4:20:04 PM
[Media] ‘Most insane thing I’ve seen in a while’: Kira Davis weighs in on Marianne Williamson’s apology prayer to blacks

Kira Davis says she couldn't even finish watching the video, it was "so damn creepy."

The post ‘Most insane thing I’ve seen in a while’: Kira Davis weighs in on Marianne Williamson’s apology prayer to blacks appeared first on twitchy.com.

Published:7/22/2019 3:48:28 PM
[bb756984-74fa-5d4d-b389-57374c366bf1] Former Miss Michigan World Kathy Zhu tells of support and criticism since her title was taken away Miss Michigan was stripped of her crown on Friday after Miss World America was made aware of a number of controversial tweets which surfaced on social media following her victory. Published:7/22/2019 3:48:28 PM
[Markets] Giuliani: Epstein Case "Going To Implicate A Lot Of People"

President Trump's personal attorney Rudy Giuliani said on Monday that the Jeffrey Epstein case "is obviously going to implicate a lot of people," adding "I can’t tell you who but it’s not going to end up with just Jeffrey Epstein."

Speaking with Hill.TV, Giuliani said that investigators will undoubtedly focus on Epstein's inner circle, and whether individuals knew or participated in Epstein's sex crimes. 

"If you spent this much time with him and he was so involved with these underaged girls — who did you see him with and what was he doing and what did he tell you and what did he say to you and how could you have missed it," said Giuliani. "Maybe some were innocent — maybe some weren’t, but I think they’re going to investigate everybody." 

The new charges against Epstein come more than a decade after the sixty-five-year-old pleaded guilty to sex trafficking and was sentenced to 13 months in prison. They have since renewed scrutiny on a 2008 plea deal that was secured in part by outgoing Trump administration Labor Secretary Alex Acosta, who resigned this month over the backlash.

Acosta was a U.S. attorney at the time of Epstein’s conviction for soliciting prostitution from underage girls, and allowed Epstein to serve 13 months in "custody with work release.” -The Hill

While Epstein's involvement with the Clintons and other famous liberals is well known (A donor to the Clintons, Epstein bragged about co-founding the Clinton Global Initiative at one point), many have questioned President Trump's involvement with the convicted pedophile. 

That said, Giuliani's Monday decree suggests the President is most likely in the clear.  

Published:7/22/2019 3:48:28 PM
[Markets] Dow Jones Up, These Chip Stocks Give Nasdaq Oomph; 4 Big Cap Stocks To Watch Now The Dow Jones Industrial Average lagged the Nasdaq composite as the latter got a bigger boost from chip stocks. Data storage and telecom shares rose. Published:7/22/2019 3:48:28 PM
[Markets] Earnings Watch: Chipotle earnings: Stock hits all-time high but questions arise about how long growth will last Analysts are bullish about Chipotle’s same-store sales results for the second quarter.
Published:7/22/2019 3:48:28 PM
[worldNews] Britain calls for European naval mission to counter Iran's 'piracy' Britain called on Monday for a European-led naval mission to ensure safe shipping through the Strait of Hormuz, days after Iran seized a British-flagged tanker in what London described as an act of "state piracy".
Published:7/22/2019 3:48:28 PM
[Politics] Gillibrand Defends Call for Franken’s Resignation

Sen. Kirsten Gillibrand (D., N.Y.) wouldn't express regrets about her calls for Al Franken's resignation in a lengthy New Yorker piece defending the former Minnesota senator.

The post Gillibrand Defends Call for Franken’s Resignation appeared first on Washington Free Beacon.

Published:7/22/2019 3:48:28 PM
[Entertainment] Early-career professionals bring flair to a tough Strauss score The joys of young opera in Wolf Trap Opera’s “Ariadne auf Naxos.” Published:7/22/2019 3:48:28 PM
[Gadgets] The PureCam Connected Car Security System is a dashcam with extras Thanks to a rash of YouTube videos of traffic stops, wild crashes, and wacky antics, dashcams are becoming more and more popular with drivers. But does the world need one that shoots at 1080p and beams every minute of your drive back to a central storage device and can work as a Wi-Fi hotspot? PureGear […] Published:7/22/2019 3:48:28 PM
[Volokh Conspiracy] [Josh Blackman] New Essay: "Originalism and Stare Decisis in the Lower Courts" When and How Can Lower-Court Judges Be Originalists? Published:7/22/2019 3:48:28 PM
[Entertainment] Melanie Scrofano Reveals What Really Surprised Her About Wynonna Earp Fans During Production Delay Wynonna EarpViewers never gave up on Wynonna Earp and the persistence paid off in the end. After months in limbo, the Syfy series officially got back on track for a fourth season. "I can't...
Published:7/22/2019 3:25:14 PM
[Europe] UK to toughen telecoms security controls to shrink 5G risks Amid ongoing concerns about security risks posed by the involvement of Chinese tech giant Huawei in 5G supply, the UK government has published a review of the telecoms supply chain which concludes that policy and regulation in enforcing network security needs to be significantly strengthened to address concerns. However it continues to hold off on […] Published:7/22/2019 3:25:14 PM
[the 2020 Election] Crenshaw On Border: Dems ‘Don’t Want Solutions,’ Just To Make Trump Seem ‘Evil’

By Jake Dima -

Texas Republican Rep. Dan Crenshaw chastised New York Democratic Rep. Alexandria Ocasio-Cortez for not working to fix the border crisis and painting President Donald Trump as “evil” Monday on “Fox and Friends.” Ocasio-Cortez called for a “9/11-style commission” Saturday to investigate family separations at the U.S. border. Her commission would ...

Crenshaw On Border: Dems ‘Don’t Want Solutions,’ Just To Make Trump Seem ‘Evil’ is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/22/2019 3:25:14 PM
[Politics] Ocasio-Cortez says ALL people should be allowed to migrate to the US About the only thing I like about Ocasio-Cortez is her honesty, and it was on full display this weekend in a Q&A where she readily admitted that the US should have complete . . . Published:7/22/2019 3:25:14 PM
[Politics] Ocasio-Cortez says ALL people should be allowed to migrate to the US About the only thing I like about Ocasio-Cortez is her honesty, and it was on full display this weekend in a Q&A where she readily admitted that the US should have complete . . . Published:7/22/2019 3:25:14 PM
[Politics] Sen. Harris Proposes Bill to Ensure Access to Clean Water Sen. Kamala Harris plans to introduce a $250 billion Water Justice Act that would ensure minority communities have access to clean water and to upgrade outdated water infrastructure, The Hill reported on Monday. Published:7/22/2019 3:25:14 PM
[bitcoin] Warren Buffett’s ‘Crypto Power Lunch’ This Week: Guest List We’ve Confirmed So Far This year's Power Lunch winner Justin Sun has invited six crypto founders and—drum roll, please—Donald Trump. Published:7/22/2019 3:25:14 PM
[The Blog] Geraldo: I must regretfully conclude that Trump’s critics are right that he’s a racist

Heh.

The post Geraldo: I must regretfully conclude that Trump’s critics are right that he’s a racist appeared first on Hot Air.

Published:7/22/2019 3:25:14 PM
[Markets] U.S. stocks end higher, led by rally in information technology U.S. stocks end higher, led by rally in information technology Published:7/22/2019 3:25:14 PM
[Markets] Semis Soar, Small Caps Sink, Silver Surges

Seemed appropriate...

 

Chinese stocks were not pretty. Despite STAR soaring, ChiNext tumbled along with Shenzhen as it appears liquidity moved to the new index...

 

European markets (except Spain) managed to cling to gains on the day thanks to 4 notable impulses...

 

Nasdaq dramatically outperformed led by semis. Small Caps were the biggest losers. Dow ended unchanged (Boeing down vs Apple up)

NOTE - Trannies and Small Caps notably decoupled at around 1400ET only to see a mysteriously large buy program strike at 1500ET

 

Small Caps continue to dramatically diverge from big caps (and mega cap tech)...

 

Small Caps also closed below their 100DMA...

 

Volume was low - around 20% below average...

 

There were two 'failed' attempts at yet another short-squeeze today...

 

Semis soared on the day following Goldman's upgrade on Micron...

 

But while Semis spiked, FANG stocks were flat...

 

Bonds and stocks remain in their own - buy all the things - worlds...

 

Treasury yields traded in a narrow range today, with yields down across the curve led by the belly...

 

10Y Yield dropped to 2.02% intraday but the yield curve (3m10Y) remains inverted (41st day in a row)...

 

The odds of a 50bps cut next week has dropped to 18%...

 

The T-Bill curve remains kinked around potential debt ceiling X-date...

 

The dollar index managed very modest gains, holding above last week's Williams' speech plunge levels..

 

Cryptos were mixed over the weekend with Bitcoin Cash holding gains but ETH and BTC lower after a leg lower this morning...

 

Bitcoin continues to hover between $10,000 and $11,000...

 

Dr.Copper is lagging as silver resurges...

 

Oil prices managed some gains today as Iran tensions resurfaced in the narratives...

 

Silver continues to rise...

 

Silver has outperformed gold for six straight days (longest streak since June 2018), erasing most of the relative gains for the year...

 

Finally, don't forget, it's different this time...

Except it's all about liquidity, stupid...

Published:7/22/2019 3:25:14 PM
[cf0eaf78-ff42-56b3-94c6-df263449ee7a] Rep. Lee Zeldin: Ilhan Omar is wrong – anti-Israel and anti-Semitic BDS movement must be condemned The House of Representatives is expected to approve an important bipartisan resolution Tuesday, which I am proud to have co-authored, that condemns the blatantly anti-Semitic and anti-Israel Boycott Divestment and Sanctions (BDS) movement. Published:7/22/2019 3:25:14 PM
[U.S. POLITICS] Fox News to Air Fake Republican Group’s Pro-Mueller Ad.

The advertisement will run during Sean Hannity's show.

The post Fox News to Air Fake Republican Group’s Pro-Mueller Ad. appeared first on Human Events.

Published:7/22/2019 3:25:14 PM
[worldNews] Huawei secretly helped North Korea build, maintain wireless network: Washington Post Huawei Technologies Co Ltd [HWT.UL], the Chinese company put on a U.S. blacklist because of national security concerns, secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents.
Published:7/22/2019 3:25:14 PM
[Politics] Rashida Tlaib Calls For $20 Federal Minimum Wage

Rep. Rashida Tlaib (D., Mich.) called for a $20 federal minimum wage less than a week after the House of Representatives voted to raise the wage to $15 over the next six years.

The post Rashida Tlaib Calls For $20 Federal Minimum Wage appeared first on Washington Free Beacon.

Published:7/22/2019 3:25:14 PM
[World] Shay Mitchell's Shaycation x Revolve Collab: Our Fave Picks E-Comm: Shay Mitchell, Shaycation x RevolveWe love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not...
Published:7/22/2019 3:25:14 PM
[Markets] US STOCKS-S&P 500 climbs toward record high, earnings in focus The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. Facebook Inc rallied 2.0% ahead of its report due out after the bell on Wednesday, while Amazon.com Inc and Google-parent Alphabet Inc were each up more than 0.7% ahead of their reports on Thursday. Investors' reactions to the reports of these top-tier growth companies could affect broader market sentiment, with the S&P 500 about 1% below its July 15 record high close. Published:7/22/2019 3:25:14 PM
[Media] ‘Burn’! Bret Baier obliterates Stephen King’s #FakeNews peddling about Mueller’s testimony and Fox News

#FakeNews FAIL.

The post ‘Burn’! Bret Baier obliterates Stephen King’s #FakeNews peddling about Mueller’s testimony and Fox News appeared first on twitchy.com.

Published:7/22/2019 3:25:14 PM
[Markets] The Margin: Team Trump sells $200,000 worth of plastic straws, mocks liberals in the process Politics aside, paper straws are lame. The movement to ban the plastic version we’ve used our entire lives, while surely well-intentioned, took aim at a problem without offering a proper solution. Anybody who’s tried to suck a milk shake through one of those disintegrating tubes knows this all too well.
Published:7/22/2019 3:25:13 PM
[] New York Times: Jeffrey Epstein Attempted a PR Blitz to Refurbish His Image in 2013. Several Media Outfits, Including the Sanctimoniously #Woke National Review, Happily Printed This New Narrative. Hey, endless sanctimony doesn't fund itself, you know. After Jeffrey Epstein got out of the Palm Beach County jail in 2009, having served 13 months of an 18-month sentence resulting from a plea deal that has been widely criticized, he... Published:7/22/2019 3:25:13 PM
[Markets] Capitol Report: Here’s what’s in Washington’s emerging debt and spending deal A deal on new spending levels and boosting the government’s borrowing limit was reportedly getting closer Monday, though an agreement isn’t final and President Donald Trump has yet to comment.
Published:7/22/2019 2:51:32 PM
[World] Using the Bahrain strategy as a model for the world

The recent “Peace to Prosperity” U.S.-led economic workshop in Bahrain illustrated that presidential adviser Jared Kushner is not the only one who believes an economic pathway is “the precondition to resolving a previously unsolvable political situation.” 

With the Israeli-Palestinian conflict as its test case, the summit could represent a new ... Published:7/22/2019 2:51:32 PM

[Politics] ATR Leads Coalition Letter Opposing Inflationary Rebate Penalty in Medicare Part D Published:7/22/2019 2:51:27 PM
[Entertainment] Gypsy Rose Blanchard Reacts to Joey King's Emmy Nomination for The Act Joey King, The ActGypsy Rose Blanchard was "very happy" that Joey King was cast in The Act. The Hulu series, which is based on the relationship between Gypsy Rose and her now-deceased mother, Dee...
Published:7/22/2019 2:51:27 PM
[dc7d9105-1292-57b1-b7cf-8039010404b3] Tom Hanks sings as Fred Rogers in first trailer for biopic 'A Beautiful Day in the Neighborhood' Tom Hanks portrays treasured children’s TV host Fred Rogers in the first trailer for “A Beautiful Day in the Neighborhood” and serenades viewers with the iconic song, “Won’t you be my neighbor?” Published:7/22/2019 2:51:27 PM
[Markets] Techs Continue To Lead Late In Session; FANG Earnings Loom Major stock indexes rose, buoyed by tech stocks and a flood of corporate earnings this week, including FANG names Facebook, Google and Amazon. Published:7/22/2019 2:51:27 PM
[Climate] Climate Change Democracy Deniers Strike Again (Steven Hayward) As I’ve been pointing our for more than a decade, the most ominous contradiction of the environmental left these days is the way in which they champion the rights of nature while going along with the rest of the left in denying human nature, let alone the natural rights of humans—which is the central premise of democratic self-government. The result, as I have been warning, is the increasingly open anti-democratic Published:7/22/2019 2:51:27 PM
[The Blog] Democrat who refuses to request Trump’s tax returns draws a primary challenge

Too moderate for his ow good?

The post Democrat who refuses to request Trump’s tax returns draws a primary challenge appeared first on Hot Air.

Published:7/22/2019 2:51:27 PM
[Politics] Double Amputee Vet Rob Jones Announces Run For Congress Rob Jones, a U.S. Marine Corps veteran and double amputee who ran 31 marathons in 31 days to raise money for charities supporting wounded warriors, Monday announced his campaign for the House of Representatives for the seat in Virginia's 10th District.  Published:7/22/2019 2:51:27 PM
[FOREIGN AFFAIRS] Canada Wants To Send This Jihadi to College.

A Canadian court recently ruled against allowing a convicted jihadist to attend university, but it's only because of the danger "Islamophobes" pose to him.

The post Canada Wants To Send This Jihadi to College. appeared first on Human Events.

Published:7/22/2019 2:51:27 PM
[Markets] Generic-drug make Lannett's stock leaps 40%, but the reason is a mystery Generic-drug make Lannett's stock leaps 40%, but the reason is a mystery Published:7/22/2019 2:51:27 PM
[Entertainment] Parents, children disagree on when they'll be financially independent Young Americans tend to be a little overconfident as to when they expect to be financially independent.
      
Published:7/22/2019 2:51:27 PM
[Markets] Schiff Says Inspector General's Work 'Tainted' Ahead Of Report On Surveillance Abuses

House Intelligence Committee Chairman Adam Schiff (D-CA) has pivoted from 'deepfake doom' influencing the 2020 election, to downplaying an upcoming watchdog report by the DOJ's Inspector General due sometime in September. 

Speaking at the Aspen Security Conference (where he had a pow-wow with Fusion GPS founder Glenn Simpson last July), Schiff claims that DOJ Inspector General Michael Horowitz was co-opted into a scheme to protect President Trump by instigating a "fast track" report last year at Trump's behest, according to the Washington Examiner's Daniel Chaitin. 

Schiff claimed the president wanted McCabe, who briefly took over as acting FBI director after Trump fired James Comey in May 2017, investigated and his pension taken away and suggested someone such as former Attorney General Rod Rosenstein obliged the president by making a referral.

"The inspector general found that McCabe was untruthful. He may very well have been untruthful," the California Democrat said, but noted that is not where main his concern lies.

...

The initiation of the inspector general's inquiry in McCabe happened, Schiff said, "because the president wanted it politically." He added, "Once you go down that road, it leads to disaster." -Washington Examiner

"I have no reason to question the inspector general's conclusion, but that investigation was put on a fast track. It was separated from a broader inspector general investigation, which is still ongoing," said Schiff. "Why was that done? It was done so he could be fired to not get a pension. It was done to please the president when the initiation investigation is tainted. So are the results of that investigation."

McCabe was fired on March 16, 2018 - less than two days before his planned retirement. Had he not been fired, he would have collected his full pension on his 50th birthday. 

Of course, a GoFundMe campaign set up in the wake of McCabe's firing raised $538,000 for his 'legal-defense fund,' so we imagine he'll be OK unless the DOJ decides to pursue charges against the former Deputy Director. 

In April 2018, it was revealed that the Justice Department inspector general referred its findings to the U.S. attorney’s office in Washington for possible criminal charges, and his lawyer confirmed as recently as February that McCabe was still under investigation.

McCabe, whom Trump has accused of planning to carry out an "illegal and treasonous" plan to oust him as president, has argued that his firing was an attempt to discredit the FBI and special counsel Robert Mueller's investigation into Russian interference in the 2016 election. -Washington Examiner

It's far from over...

While the Mueller investigation is over, Horowitz's investigation into potential FISA abuse is significant - and Attorney General William Barr is now 'weapons free' to work with Horowitz to 'investigate the investigators.' According to the Examiner, "The inspector general can recommend prosecutions, and U.S. Attorney John Durham, whom Barr tasked to lead the review, has the ability to convene a grand jury and subpoena people outside of the government. Beyond that, Senate Judiciary Committee Chairman Lindsey Graham, a close Trump ally, has promised a "deep dive" into the origins of the Trump-Russia investigation after Horowitz completes his work." 

Two questions remain; will Schiff continue to push the taint angle, and will AG Barr and Horowitz's efforts lead to any notable prosecutions before the 2020 election? Or ever?

Published:7/22/2019 2:51:27 PM
[topics:things/uk-weather] UK could experience its hottest night on record, as NHS advises people to keep windows shut Published:7/22/2019 2:23:17 PM
[In The News] 19 People Dead From Drinking Tainted Alcohol In Costa Rica: Officials

By Hanna Panreck -

Costa Rica issued a national alert warning citizens about tainted alcohol after officials confirmed 19 people died from methanol poisoning. Fourteen men and five women between the ages of 32 and 72 have died between June 2 and July 20 from methanol poisoning, according to the Ministry of Health. Seven ...

19 People Dead From Drinking Tainted Alcohol In Costa Rica: Officials is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/22/2019 2:23:17 PM
[Cloud] In spite of slowing growth, Microsoft has been flexing its cloud muscles When Microsoft reported its FY19, Q4 earnings last week, the numbers were mostly positive, but as we pointed out, Azure earnings growth has stalled. Productivity and business, which includes Office 365, has also mostly flattened out. But slowing growth is not always as bad as it may seem. In fact, it’s an inevitability that once you […] Published:7/22/2019 2:23:17 PM
[The Blog] AOC: “All people should be free” to enter the US?

"When you start viewing human beings as intrinsically valuable ..."

The post AOC: “All people should be free” to enter the US? appeared first on Hot Air.

Published:7/22/2019 2:23:17 PM
[National Security] Trump: Iran Did Not Capture American CIA Agents

President Donald Trump on Monday categorically denied reports that Iran had captured 17 supposed CIA agents whom the Islamic Republic accused of spying on the country.

The post Trump: Iran Did Not Capture American CIA Agents appeared first on Washington Free Beacon.

Published:7/22/2019 2:23:17 PM
[Politics] NPR/PBS/Marist Poll: Independents Not Sold On Trump or Democrats Most independent voters remain undecided as the 2020 election approaches, as President Donald Trump and the various Democratic candidates have yet to win over most unaffiliated Americans in the latest NPR/PBS Newshour/Marist poll. Published:7/22/2019 2:23:17 PM
[Markets] US STOCKS-S&P 500 climbs toward record, marquee reports in focus The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. Facebook Inc rose 1.6% ahead of its report after the bell on Wednesday, while Amazon.com Inc and Google-parent Alphabet Inc were each up about 0.5% ahead of their reports on Thursday. Investors' reactions to the reports of those top-tier growth companies could affect broader market sentiment as the S&P 500 trades about 1% below its July 15 record high close. Published:7/22/2019 2:23:17 PM
[Kill Bill Vol. 3] So, About That ‘Kill Bill Vol. 2’ Sequel… Quentin Tarantino offers an update on 'Kill Bill Vol. 3.' Published:7/22/2019 2:23:17 PM
[Entertainment] Meghan King Edmonds Explains Why She's Not Leaving Jim Edmonds After Cheating Scandal Meghan King Edmonds, Jim EdmondsMeghan King Edmonds is committed to working on her marriage. More than a month after Jim Edmonds admitted to exchanging explicit texts with another woman, his wife is shedding some light...
Published:7/22/2019 2:23:17 PM
[Uncategorized] Trump Intensifies War With the Squad: ‘Very Racist Group of Troublemakers’ Tlaib hits back: “I’m not going nowhere, not until I impeach this president.” Published:7/22/2019 2:23:17 PM
[Markets] Why US Shale Is Doomed No Matter What They Do

Authored by Nick Cunningham via OilPrice.com,

With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. Both approaches are riddled with risk.

“Turbulence and desperation are roiling the struggling fracking industry,” Kathy Hipple and Tom Sanzillo wrote in a note for the Institute for Energy Economics and Financial Analysis (IEEFA).

They point to the example of EQT, the largest natural gas producer in the United States. A corporate struggle over control of the company reached a conclusion recently, with the Toby and Derek Rice seizing power. The Rice brothers sold their company, Rice Energy, to EQT in 2017. But they launched a bid to take over EQT last year, arguing that the company’s leadership had failed investors. The Rice brothers convinced shareholders that they could steer the company in a better direction promising $500 million in free cash flow within two years.

Their bet hinged on more aggressive drilling while simultaneously reducing costs. Their strategy also depends on “new, unproven, expensive technology, electric frack fleets,” IEEFA argued. “This seems like more of the same – big risky capital expenditures.”

EQT’s former CEO Steve Schlotterbeck recently made headlines when he called fracking an “unmitigated disaster” because it helped crash prices and produce mountains of red ink.

“In fact, I'm not aware of another case of a disruptive technological change that has done so much harm to the industry that created the change,” Schlotterbeck said at an industry conference in June.

IEEFA draws a contrast between Schlotterbeck and the Rice brothers. While the latter wants advocates a strategy of stepping up drilling in an effort to grow their way out of the problem, the former argues that this approach has been tried over and over with poor results. Instead, Schlotterbeck said that drillers need to cut spending and production, which could revive natural gas prices.

But while the philosophies differ – relentless growth versus restraint – IEEFA argues that “neither of these strategies seem viable.” On the one hand, natural gas prices are expected to stay below $3 per MMBtu, a price that is unlikely to lead to profits, IEEFA says. That is especially true if shale companies aggressively spend and produce more gas.

However, a strategy of restraint may not work either.

“[E]ven if natural gas producers coordinate their activities and reduce supply—a highly unlikely prospect—Schlotterbeck’s expectation that natural gas prices would inevitably rise is questionable,” IEEFA analysts wrote.

There are few reasons why natural gas prices might not rebound. For instance, any increase in natural gas prices will only induce more renewable energy. Costs for solar, wind and even energy storage has plunged. For years, natural gas was the cheapest option, but that is no longer the case. Renewable energy increasingly beats out gas on price, which means that natural gas prices will run into resistance when they start to rise as demand would inevitably slow.

A second reason why prices might not rise is because public policy is beginning to really work against the gas industry. IEEFA pointed to the recent decision in New York to block the construction of Williams Co.’s pipeline that would have connected Appalachian gas to New York City. In fact, New York seems to be heading in a different direction, recently passing one of the most ambitious and comprehensive pieces of climate and energy bills in the nation. Or, look to Berkeley, California, which just became the first city in the country to ban the installation of natural gas lines in new homes. As public policy increasingly targets the demand side of the equation, natural gas prices face downward pressure.

Another complication for natural gas producers is that the petrochemical industry, which is attracting tens billions of dollars in investment due to the belief that natural gas will remain cheap in perpetuity. Gas producers, who want higher prices, are in conflict with petrochemical manufacturers, who need cheap feedstocks.

“Companies like Shell, which is considering a $6 billion petrochemical investment, must choose: absorb a higher price cost structure for natural gas liquids (NGLs) needed to produce its product, while facing stiff global competition in the petrochemical business. Or, intensify capital commitments and take over the fracking business, hoping to find synergies through integration,” IEEFA noted.

“Both of these scenarios change the risk profile Shell has described to justify its aggressive expansion plans in the Ohio Valley.”

The upshot is that while companies like EQT undertake a major shift in strategy, the road ahead remains rocky either way. “More bankruptcies are all but certain as oil and gas borrowers must repay or refinance several hundred billion dollars of debt over the next six months,” IEEFA concluded.

Published:7/22/2019 2:23:17 PM
[worldNews] Trump, Pakistan's Khan discuss way out of Afghanistan war President Donald Trump voiced optimism on Monday that Pakistani Prime Minister Imran Khan could help broker a political settlement to end the nearly 18-year-old U.S. war in Afghanistan and held out the possibility of restoring aid to Islamabad.
Published:7/22/2019 2:23:17 PM
[Al Franken] The pathetic case of Al Franken (Paul Mirengoff) Jane Mayer writes about Al Franken’s downfall at the hands of the #MeToo movement. The piece is called “The Case of Al Franken.” It’s clear that Mayer believes Franken didn’t do much wrong and that he shouldn’t have been pushed out of the Senate by his fellow Democrats. Mayer doesn’t come right out and say so. However, she tips her hand by (1) noting that a number of Democrats who Published:7/22/2019 2:23:17 PM
[US News] What could POSSIBLY go wrong? Bill de Blasio suggests gov’t takeover of ConEd after major NYC power failures

"Great, now none of us will have power."

The post What could POSSIBLY go wrong? Bill de Blasio suggests gov’t takeover of ConEd after major NYC power failures appeared first on twitchy.com.

Published:7/22/2019 2:23:17 PM
[Markets] Sexual harassment at work is finally on the decline — now for the bad news ‘There’s this myth that women falsely accuse men of harassment.’
Published:7/22/2019 2:23:17 PM
[] Race Hoaxster and State Representative Erica Thomas Now Wants the Police to Charge the Man Who Did Not Properly Defer to His Racial Superior And, second tweet -- the New York Times headline blares that she says this guy (who is super anti-Trump, and anti-Trump's statements about immigration, btw) told her to "go back where she came from," but then, in the fourteenth (14th!)... Published:7/22/2019 2:23:16 PM
[topics:organisations/university-of-manchester] Grave of 'real-life Asterix' who fought Caesar found amid trove of weapons and possessions in West Sussex  Published:7/22/2019 1:44:05 PM
[Politics] ATR Leads Coalition Letter Opposing Inflationary Rebate Penalty in Medicare Part D Published:7/22/2019 1:44:04 PM
[Politics] Ricky Gervais ATTACKED on social media after he defends women from having to wax ‘trans woman’s’ junk There’s a ridiculous lawsuit in Canada where a man, masquerading as a transgender woman, is suing female beauticians for being unwilling to wax his junk: This is the brave woman taking multiple . . . Published:7/22/2019 1:44:04 PM
[Artificial Intelligence] Daily Crunch: Microsoft invests $1B in OpenAI The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Microsoft invests $1 billion in OpenAI in new multiyear partnership OpenAI was founded three years ago by Elon Musk, Sam Altman […] Published:7/22/2019 1:44:04 PM
[3d9f2b2b-cf78-54ba-b5b1-89210cca4893] Blac Chyna's mother Tokyo Toni accuses Wendy Williams of using cocaine Wendy Williams‘ newfound friendship with Blac Chyna apparently doesn’t extend to the reality star’s mother, Tokyo Toni. Published:7/22/2019 1:44:04 PM
[US News] UH OH! Sounds like the man Erica Thomas accused of ‘verbal assault’ isn’t going to take it lying down

"A Democrat sues a Democrat"?

The post UH OH! Sounds like the man Erica Thomas accused of ‘verbal assault’ isn’t going to take it lying down appeared first on twitchy.com.

Published:7/22/2019 1:44:04 PM
[In The News] Report: U.S. Army Involved in Secret D.C. Operation that Began Last Year

By R. Mitchell -

Blackhawk helicopter

Those living in the Washington, D.C. area might actually have seen an increase in black helicopter activity recently as Army soldiers and helicopters have been involved in a secret operation in that area since late last year, according to a report from Bloomberg. The mission was revealed when the Army ...

Report: U.S. Army Involved in Secret D.C. Operation that Began Last Year is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/22/2019 1:44:04 PM
[Markets] Mayor Pete is the latest to propose this Social Security change — but is it really that good of an idea? Bolstering Social Security could help a candidate stand out
Published:7/22/2019 1:44:04 PM
[Comedy] The five best Comic-Con trailers, from ‘Top Gun: Maverick’ to ‘Rick and Morty' Nostaglia and '80s touchstones rocked San Diego's Hall H, including some famous flyboys. Published:7/22/2019 1:44:04 PM
[Politics] Trump: Won't Be Watching Mueller Testimony President Donald Trump is insisting that he won't be watching former special counsel Robert Mueller's upcoming congressional testimony. Published:7/22/2019 1:16:15 PM
[8cd64119-e0c2-5c36-b4ba-85abf12c7e48] Meghan Markle parallels Pippa Middleton, but they don't get along, royal expert claims Meghan Markle and Pippa Middleton share loves for cooking, athletics and general wellness, but don't expect the Duchess of Sussex to pal around with Kate Middleton's famous younger sister, a royal expert claims. Published:7/22/2019 1:16:15 PM
[Markets] Major Stock Indexes Get Boost From Techs; Apple, Intel, AMD Lead Major stock indexes rose, buoyed by tech stocks and a flood of corporate earnings this week, including FANG names Facebook, Google and Amazon. Published:7/22/2019 1:16:15 PM
[worldNews] Congo minister's resignation over Ebola snub could unblock new vaccine Congo's health minister resigned on Monday after being stripped of responsibility for managing the country's Ebola outbreak, potentially paving the way for the introduction of a second vaccine to contain the spreading epidemic.
Published:7/22/2019 1:16:15 PM
[African contemporary art] MoMA Just Received an Extraordinary Donation of African Contemporary Art The collection, which includes artists like Seydou Keïta, Moké and Cheri Samba, has just been promised to the museum permanently. Published:7/22/2019 1:16:15 PM
[Entertainment] If you can’t beat ’em, censor ’em! Guess why Bette Midler wants Twitter to ban Trump

"Nothing like admitting you want censorship."

The post If you can’t beat ’em, censor ’em! Guess why Bette Midler wants Twitter to ban Trump appeared first on twitchy.com.

Published:7/22/2019 1:16:15 PM
[Volokh Conspiracy] [Eugene Volokh] Legal Duty to Report Your Coworkers' Off-the-Job Crimes? A New Jersey appellate court said "yes"; the New Jersey Supreme Court declined to opine on this, and instead concludes that such a duty wouldn't be triggered on the facts of this case. Published:7/22/2019 1:16:15 PM
[Developer] Google Cloud makes it easier to set up continuous delivery with Spinnaker Google Cloud today announced Spinnaker for Google Cloud Platform, a new solution that makes it easier to install and run the Spinnaker continuous delivery (CD) service on Google’s cloud. Spinnaker was created inside Netflix and is now jointly developed by Netflix and Google. Netflix open-sourced it back in 2015 and over the course of the […] Published:7/22/2019 1:16:15 PM
[structure:news] Snakes seeking water during UK heatwave could become trapped in garden netting, say experts Published:7/22/2019 1:16:15 PM
[Markets] Fed's Asymmetric Bubble-Blowing Policy In Pictures

Authored by Mike Shedlock via MishTalk,

The Fed meets on July 31 to make an interest rate policy decision. What should the Fed do?

Jim Bianco at Bianco Research says Only a Half-Point Rate Cut From the Fed Will Do.

"Anything less would fail to fix the imbalances in the global bond market, continuing to weigh on economic sentiment," says Bianco.

"By lowering its target for the federal funds rate by just a quarter point, the Fed risks no less than a recession. The Fed has a history of moving too slow to respond to evidence of weaker growth, and a bold move now would help ensure the economy achieves the rare soft landing.”

I replied

I stand corrected. With his charts, I concede that Bianco made a solid case for cuts.

Yet, his charts highlight something more important.

Fed's Asymmetric Bubble-Blowing Policy 1992-Present

Chart courtesy of Bianco. The title and blue boxes are my anecdotes.

Bianco notes "In the 1990s the fed funds contracts only went out 6 months. That is why the lines are short. In the 2000s they went out a year, lines are a little longer. Around 2007 they started going out three years, the longest lines."

Each calendar years is a different color.

So the yellow to the upper right is 2018 (each month end … so Jan 31, Feb 28 and so on, the forward curve projected up to 2021. Black, in a downtrend, is 2009)

Let's hone in on the period starting 2009.

Fed's Asymmetric Bubble-Blowing Policy 2009-Present

Market Screaming for Hikes

The market was screaming for hikes for five years.

The Fed did not deliver.

Too Low, Too Long

That the Fed did not deliver hikes as expected is part of its asymmetric policy of keeping interest rates too low, too long,

Bubbles Blown

Without a doubt the Fed blew more bubbles, and likely the biggest in history.

The market responded with a prolonged yield-curve inversion.

Yield Curve

Spread

  • The effective Fed Fund Rate is currently 2.41%.

  • The yield on the three-year Treasury Note is 1.80%.

  • The spread is -0.61 percentage points

Behind the Curve

Bianco is correct. The Fed is behind the curve.

And by his logic it's not clear that 50 basis points is enough of a cut.

But to what avail?

So What? Bubbles Already Blown

Let's return to Bianco's opening gambit: "Anything less would fail to fix the imbalances in the global bond market, continuing to weigh on economic sentiment."

On July 18, I wrote Half-Point Rate Cut Odds Explode to 71% - So What? It Doesn't Matter!

The Fed, with its asymmetric too-low too-long policy blew bubbles that are impossible to fix.

Too Late for Insurance

Rate cuts now as economic insurance is like trying to buy insurance on your car after you wrecked it.

The bubbles have been blown.

Even if the Fed can correct current "imbalances" it cannot "unblow" bubbles anymore than it can unblow a horn.

Deflationary Bust Baked in the Cake

In the Fed's foolish attempt to stave off consumer price deflation, the Fed sowed the seeds of a very destructive set of asset bubbles in junk bonds, housing, and the stock market.

The widely discussed "everything bubble" is, in reality, a corporate junk bond bubble on steroids sponsored by the Fed.

For discussion, please see Junk Bond Bubble in Pictures: Deflation Up Next

Rate Cuts Don't Matter

The bottom line at this point is an economic recession is baked in the cake. The global economy is slowing and the US will not be immune.

The debt deflation horn has already sounded. It will not be unblown no matter how big the cut.

Published:7/22/2019 1:16:15 PM
[Entertainment] Members of the Manson Family Speak in New Oxygen Special Manson: The Women Manson: The WomenThe women who followed Charles Manson are speaking out. E! News has your exclusive sneak peek at Manson: The Women, a new Oxygen special premiering August 10, which features interviews...
Published:7/22/2019 1:16:15 PM
[Issues] CNN Reporter: Warren’s Proposals Could ‘Create Another Crisis’

CNN business reporter Cristina Alesci said Sen. Elizabeth Warren's (D., Mass.) policy proposals could create the sort of financial crisis she is warning is around the corner.

The post CNN Reporter: Warren’s Proposals Could ‘Create Another Crisis’ appeared first on Washington Free Beacon.

Published:7/22/2019 1:16:15 PM
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