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[World] Judge Jeanine Opening Statement Donald Trump Carrier Reagan Jobs Economy

Palin Blasts Trump's Carrier Deal: 'Crony Capitalism is One Big Fail'

Bolton on Trump's Taiwan Call: China Doesn't Tell Us Who We Can Talk To

Bolling Slams Clinton Spox for Blaming Loss on 'White Supremacy' Platform

Published:12/4/2016 9:02:33 AM
[IAU] Sentiment Speaks: Recent Gathering Of Thousands Of Rabbis Could Be Bullish Catalyst For Gold Published:12/4/2016 9:02:24 AM
[American people of German descent] In Tweetstorm, Trump Threatens "Retribution" For Companies That Leave The US

President-elect Donald Trump fired off Sunday morning with a Tweetstorm (after again complaining about the "totally biased, not funny " Saturday Night Live), and in a series of six tweets threatened heavy taxes as "retribution" for U.S. companies that move their business operations overseas, fire US workers and still try to sell their product to Americans. Trump vowed he would slap a 35% tax on products sold inside the U.S. by any business that fired American workers and built a new factory or plant in another country.

The president-elect tweeted that his administration will "substantially reduce taxes and regulations on businesses. But any business that leaves our country for another country," he added, "fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. ......without retribution or consequence, is WRONG!"

Trump said there will be a 35 percent tax on the country's "soon to be strong border" for companies that leave and then want to sell their products back to U.S. consumers. "This tax will make leaving financially difficult, but.....these companies are able to move between all 50 states, with no tax or tariff being charged," the president-elect tweeted. 

"Please be forewarned prior to making a very expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS."

Trump last week reached a deal with Carrier to keep about 1,000 factory jobs in Indiana that were slated to move to Mexico. On Friday night, we hinted that Rexnord, which is planning to move 300 jobs from Indiana to Mexico, is in his sights next.

The tweetstorm also suggests that far from moderating his stance on protectionism, Trump is only getting started; however it also means that companies will simply have to get more creative with finding tax loopholes that do not lead to escalating "retribution" although if Trump is indeed serious on punishing anyone who fires US workers in a quest for lower wages, may have their work cut out for them. 

Published:12/4/2016 9:02:24 AM
[Column] Three cheers for Valley capitalism 31346402885_238d6c87b1_c It’s easy to be critical of the tech industry, and even easier to be critical of capitalism itself. Let us all continue to do so; criticism is valuable. But let’s remember that we do so because they are so important. Capitalism is still what lifts the world’s least fortunate out of poverty, and technology increasingly feels like the last, best hope of a world otherwise dead… Read More
Published:12/4/2016 9:02:24 AM
[Top Picks] Fake news update: Newsweek never read their own “Madam President” issue Outsourcing is getting out of hand Published:12/4/2016 9:02:24 AM
[Politics] Mike Pence responds to Sarah Palin calling Carrier deal ‘CRONY CAPITALISM’ mike-pence-sarah-palin-123

So George Stephanopoulos tried to make Mike Pence answer why Sarah Palin was wrong to call the Carrier deal “crony capitalism.” It didn’t go well for reason and logic in his answer. . . .

The post Mike Pence responds to Sarah Palin calling Carrier deal ‘CRONY CAPITALISM’ appeared first on The Right Scoop.

Published:12/4/2016 9:02:24 AM
[Politics] Mike Pence responds to Sarah Palin calling Carrier deal ‘CRONY CAPITALISM’ mike-pence-sarah-palin-123

So George Stephanopoulos tried to make Mike Pence answer why Sarah Palin was wrong to call the Carrier deal “crony capitalism.” It didn’t go well for reason and logic in his answer. . . .

The post Mike Pence responds to Sarah Palin calling Carrier deal ‘CRONY CAPITALISM’ appeared first on The Right Scoop.

Published:12/4/2016 9:02:24 AM
[Science] Priebus expects secretary of state announcement in next 2 weeks

Gabby Morrongiello

A top Trump transition official said Sunday he expects the incoming Republican president to reveal who he's tapped for secretary of state in the next two weeks.

"You know, I'm not sure.
Published:12/4/2016 9:02:24 AM
[Culture & Entertainment] Patriots Smack Down Retired NFL Exec For Comparing Players to Livestock After Brazillian Tragedy "Poor choice of words & disrespectful." Published:12/4/2016 9:02:23 AM
[0e71baae-1255-469c-8cca-5ff4d05ab392] 'Last Tango in Paris' rape scene was not consensual, director Bernardo Bertolucci admits “Last Tango in Paris” director Bernardo Bertolucci confessed that he and Marlon Brando conspired against actress Maria Schneider during a rape scene in which the actor used a stick of butter as lubricant. Published:12/4/2016 9:02:23 AM
[Markets] Jeff Reeves's Strength in Numbers: Big Oil is in decline, and the OPEC deal can’t rescue it Investors should be wary of thinking a recovery in oil prices is a sign that majors like Chevron and Exxon are back, says Jeff Reeves.
Published:12/4/2016 9:02:23 AM
[Entertainment] SO MUCH LOL’ing! SNL goes on the ‘Hunt for Hillary’ and it’s freakin’ hilarious [video]

Sometimes Saturday Night Live gets it right. It’s rare these days, but when it happens, it is glorious. Just like this skit, ‘The Hunt for Hill.’ Watch. Hillary has been sighted by a bunch of white people with facebook accounts. (snicker) So Michele, you’ve seen Hillary Clinton? I was in the kitchen washing dishes and […]

The post SO MUCH LOL’ing! SNL goes on the ‘Hunt for Hillary’ and it’s freakin’ hilarious [video] appeared first on

Published:12/4/2016 9:02:23 AM
[marketsNews] UPDATE 2-Egypt sharply increases customs duties as it seeks to curb imports CAIRO, Dec 4 (Reuters) - Egypt has sharply raised customs duties on more than 300 goods to encourage domestic production and curb a ballooning trade deficit, prompting fears consumers already...
Published:12/4/2016 9:02:23 AM
[1b4f2ab6-4630-4543-b9da-1021dae95ccb] Hugh Grant says he was 'a nasty 50-year-old' before he had kids Having children turned Hugh Grant from “a nasty, old 50-year-old,” into a “delightful” person, according to the actor. Published:12/4/2016 9:02:23 AM
[Entertainment] ModelFIT: Why Victoria's Secret Models Are Obsessed With This Workout ESC, ModelFit ThumbWant to get Victoria's Secret show-fit like Karlie Kloss and Taylor Hill? If you're feeling extra-inspired, the annual runway show is right around the corner, airing tomorrow...
Published:12/4/2016 9:02:23 AM
[Uncategorized] Jill Stein’s Pennsylvania Recount Headed to Federal Court "The people deserve answers." Published:12/4/2016 9:02:22 AM
[] Sunday Morning Book Thread 12-04-2016: A Long-Awaited Death Picton Reading Room, Central Library, Liverpool, England Click for full size image It's another beautiful day at AoSHQ's stately, prestigious, internationally acclaimed and high-class Sunday Morning Book Thread and continual soiree, where men are men, all the 'ettes are... Published:12/4/2016 9:02:22 AM
[topics:things/star-wars] Did Disney tell Brit director to alter new Star Wars film? Denied it, he has Published:12/4/2016 7:36:33 AM
[Democrats] Ellisonian gleanings (Scott Johnson) Keith Ellison is trying to plug the leaks that have sprung in his nascent campaign to head the Democratic National Committee. Ellison seeks to plug the leaks with lies and he’s lying as fast as he can talk. Let’s tune on him in action. Last week the Investigative Project on Terrorism released audio of Ellison speaking during a 2010 political fundraiser, criticizing what he saw as the inappropriate and disproportionate Published:12/4/2016 7:36:32 AM
[The Blog] Sunday morning talking heads Staffing up. Published:12/4/2016 7:36:32 AM
[8a15dc32-0c2c-4141-8eeb-2e10a519cf7a] Disney teases 28 minutes of 'Star Wars' spinoff 'Rogue One' The secretive "Star Wars" spinoff movie "Rogue One" just got a little more tangible. Published:12/4/2016 7:36:32 AM
[Entertainment] Madonna DON’T preach! ‘Material Granny’ goes on Trump rant at charity event: I’m ashamed to be American

Shame is probably the LAST thing Madonna should talk about considering the ‘pop star’ has been pretty shameful herself … for decades. Pop singer Madonna slams Donald Trump at charity event: I’m ‘ashamed’ to be American — TheBlaze (@theblaze) December 4, 2016 Per “The Blaze”, Madonna performed at a charity benefit in Miami for […]

The post Madonna DON’T preach! ‘Material Granny’ goes on Trump rant at charity event: I’m ashamed to be American appeared first on

Published:12/4/2016 7:36:32 AM
[Mobile] helps you explore the cool spots all around you Wandered Space is a service for those moments when you want to explore the area around you, but don’t know where to go. It was created this weekend at TechCrunch’s Disrupt London hackathon by a team of three coworkers from Seattle-based Azuqua. One of them, Skyler Hartle, told me that they were inspired by their visit to London and decided to create something that would help… Read More
Published:12/4/2016 7:36:32 AM
[Quick Takes] Oberlin College President Backs Sanctuary Campus Policy Because of course... Published:12/4/2016 7:36:32 AM
[World] Was Trump's Taiwan contact a policy shift or a misstep? BEIJING (AP) — Was President-elect Donald Trump signaling a shift in U.S.-China relations when he referred to Taiwan's leader as "president" following a phone call this past week or was it an unintentional misstep? Published:12/4/2016 7:02:19 AM
[Tech] GizmoTab – Verizon’s new $80 Tablet for Kids Looking for a good kid-friendly tablet? One that is very durable and not too expensive? Enter the GizmoTab by Verizon. Published:12/4/2016 7:02:19 AM
[marketsNews] Novartis CEO plays down prospects for Actelion bid - Blick VIENNA, Dec 4 (Reuters) - Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group...
Published:12/4/2016 7:02:18 AM
[Apps] Disrupt Hackathon app algorithmically detects fake news not-impressed Fake news is a moving target. Greedy publishers constantly start new websites of deceit, preventing manual blacklists from keeping up. That’s why one TechCrunch Disrupt London Hackathon team took an algorithmic approach to detecting fake news. (a clever URL that reads “Not Impressed”) lets you enter a URL and instantly see a site’s Alexa top websites… Read More
Published:12/4/2016 7:02:18 AM
[topics:people/norbert-hofer] 'Don't interfere,' Austria's far-right presidential candidate tells Nigel Farage Published:12/4/2016 7:02:18 AM
[Uncategorized] Sore Losers Week at Legal Insurrection All the news you may have missed. Published:12/4/2016 7:02:18 AM
[Science] The Mysterious Machinery of Creatures That Glow in the Deep
The Mysterious Machinery of Creatures That Glow in the Deep
Bioluminescent organisms have evolved dozens of times over the course of life's history. Recent studies are narrowing in on the complicated biochemistry needed to illuminate the dark. The post The Mysterious Machinery of Creatures That Glow in the Deep appeared first on WIRED.
Published:12/4/2016 6:34:53 AM
[Apps] Amplify lets you play synchronized songs across every phone in the room disrupt hackathon amplify Say you’re at a party, and someone wants to get a silent disco going. Everyone opens their phone, someone yells “play,” and hopefully everyone gets it started at the same time. Well, that works, but it could be better. So at the TechCrunch Disrupt London 2016 Hackathon, a few developers in the United Kingdom built an app to make sure everyone’s at the same part in the song. Read More
Published:12/4/2016 6:34:53 AM
[topics:places/africa] Hipster sandals given the boot for looking like charity brand Published:12/4/2016 6:34:52 AM
[AIG] I Sold Wells Fargo And Bought Brookfield Infrastructure Partners Published:12/4/2016 6:02:26 AM
[worldNews] Putin says Trump clever, will understand new responsibilities MOSCOW (Reuters) - U.S. President-elect Donald Trump is a clever man and will quickly understand his new responsibilities, Russian President Vladimir Putin said in an interview with NTV TV.
Published:12/4/2016 6:02:24 AM
[Music] Sunday morning coming down (Scott Johnson) Chris Hillman was a teenage bluegrass star on the Los Angeles music scene in the early ’60s. A few years later, when Roger (then Jim) McGuinn asked him if he could play bass for the band he was forming, he said yes and then taught himself how. Moving from mandolin to bass he become one of the founding members of the Byrds together with McGuinn, David Crosby and Gene Clark. Published:12/4/2016 6:02:24 AM
[marketsNews] Iran's Rouhani proposes budget rise as Trump election threatens growth DUBAI, Dec 4 (Reuters) - Iranian President Hassan Rouhani proposed on Sunday a state budget of about $100 billion for next year, loosening the purse strings to support economic growth as Donald...
Published:12/4/2016 6:02:24 AM
[Science] Green Party drops Pennsylvania recount, then rekindles effort in federal courts

Jeremy Lott, Daniel Chaitin

Jill Stein's Green Party dropped one of the last hurdles to Donald Trump becoming president Saturday, failing to put up a $1 million bond to finance a statewide recount, only to announce hours later that it would seek help from the federal courts.

The Green Party-backed Pennsylvania voters who were pressing the case withdrew it on Saturday, citing money concerns. Published:12/4/2016 6:02:24 AM

[topics:places/cuba] Watch live: Cubans bid farewell to Fidel Castro at state funeral following week of tributes and rallies Published:12/4/2016 6:02:24 AM
[Disrupt London 2016] Watch the Disrupt London 2016 Hackathon LIVE right here! Read More
Published:12/4/2016 5:33:42 AM
[topics:people/donald-trump] The sister act owning the world of fashion and vying for the top title Published:12/4/2016 5:33:42 AM
[80ac23ab-dfc1-4a6c-93a0-4cc67aa664b3] Actress Sonia Braga stars in 'Aquarius' -- a serious Oscar contender While female actors are fighting for more and better roles in Hollywood, Sonia Braga got the part of her life at 66 in Kleber Mendonça Filho's "Aquarius". Published:12/4/2016 5:02:40 AM
[Tech] Google has developed Deep Learning Algorithm to detect Diabetic Eye Disease New advances in Deep Learning help solving many important medical and healthcare problems. Published:12/4/2016 5:02:37 AM
[topics:things/mosquitos] BBC Death in Paradise actor reveals he picked up Zika virus filming   Published:12/4/2016 5:02:36 AM
[Issues] Record-High Health Care Spending Hits $3.2 Trillion in 2015

Health care spending in the United States grew 5.8 percent in 2015, hitting a record high of $3.2 trillion, according to the latest estimates from the Centers for Medicare and Medicaid Services.

The post Record-High Health Care Spending Hits $3.2 Trillion in 2015 appeared first on Washington Free Beacon.

Published:12/4/2016 4:34:21 AM
[Enterprise] EY’s Jeff Wong brings startups into the boardroom jeff_t1 In this episode of Technotopia I talk to Ernst & Young’s Jeff Wong. Jeff is a former startupper and early member of the eBay team. Wong is EY’s future guru now and is helping his clients build out interesting new products in the blockchain space. We had a far reaching-conversation but what I really wanted to know is why a young person leaving college should go work for EY… Read More
Published:12/4/2016 4:34:21 AM
[Comedy] @Ivsy01 Alarm company: We need your emergency contact info. Me: (eating chips) My dog doesn't have a cell phone. Published:12/4/2016 4:01:06 AM
[topics:organisations/the-football-association] Roman Abramovich aides approved 'hush money' over abuse claim Published:12/4/2016 4:01:01 AM
[worldNews] Exclusive: Syrian rebels tell U.S. they won't leave Aleppo BEIRUT (Reuters) - Syrian rebel groups have told the United States they will not leave Aleppo after Moscow called for talks with Washington over a full withdrawal of rebel fighters from the city's besieged eastern districts, a rebel official said on Sunday.
Published:12/4/2016 4:01:01 AM
[Plants & Animals ] The snake-catching tribe saving lives in India A small scythe, a crowbar and a bundle of canvas bags are all that Kali and Vedan carry when they venture into the fields of southern India to catch some of the world's deadliest snakes. Published:12/4/2016 4:01:00 AM
[Entertainment] Five Argerich recordings For Argerich’s 75th birthday, both Deutsche Grammophon and Sony released disks of her complete recordings for each label — DG’s running to 48 disks, Sony’s to five. As for individual disks, her record... Published:12/4/2016 3:32:17 AM
[Markets] How to throw the ultimate wine-and-cheese party using the miracle of data Published:12/4/2016 3:32:17 AM
[marketsNews] RPT-INVESTMENT FOCUS-Back to Brexit for sterling LONDON, Dec 4 (Reuters) - It has been a difficult week for investors betting against sterling on worries about the shape of Britain's exit from the European Union. And next week's Supreme Court...
Published:12/4/2016 3:32:05 AM
[topics:in-the-news/brexit-legal-challenges] The 16 key words that could force Britain's divorce from EU Published:12/4/2016 3:32:05 AM
[V] Visa: Cash Is King Published:12/4/2016 3:01:07 AM
[topics:things/immigration] 'Plot' to sabotage Boris Johnson's plan for Brexit Published:12/4/2016 3:01:06 AM
[topics:things/children] False news stories about schools and teachers shared by thousands  Published:12/4/2016 2:31:50 AM
[Comedy] not long out of bed

An expression used in North England meaning "I'm so tired I'm going to have to go to bed soon"

I'm knackered I'm not long out of bed

Published:12/4/2016 2:31:49 AM
[marketsNews] RPT-Actelion's silence has hedge funds betting big on J&J deal ZURICH, Dec 2 (Reuters) - Actelion's silence speaks volumes to the dozens of event-driven hedge funds piling into the Swiss biotech firm, betting that Johnson & Johnson's (J&J) approach will result...
Published:12/4/2016 2:31:48 AM
[Donald Trump] Sunday Funnies SNL Goes Into the Woods to Search for Hillary Clinton: ‘The Most Elusive Legend of All’ SNL: Alec Baldwin’s Donald Trump Goes Twitter Crazy Trump Tweets Disapproval for ‘SNL’ Sketch About His Tweeting Habits Published:12/4/2016 2:31:48 AM
[World] Site of deadly Oakland warehouse fire an artist space, maze OAKLAND, Calif. (AP) — The converted warehouse known as the "Ghost Ship" where a deadly fire ripped through a late-night dance party was an artist workspace and illegal home for a rotating cast of a dozen or more residents, those who lived there or visited often said. Published:12/4/2016 2:01:52 AM
[Entertainment] bruit: Word of the Day bruit: to voice abroad; rumor. Published:12/4/2016 2:01:50 AM
[topics:things/dogs] Cyclists and mobile phone obsessives turn Britain's tranquil towpaths into accident black spots Published:12/4/2016 1:41:22 AM
[In The News] WATCH: Greg Gutfeld and Crew Destroy Tom Ford for Refusing to Dress Mrs. Trump Lefty designer Tom Ford told the moonbats on The View that he would not dress Melania Trump because his clothes are too expensive for her. The Gutfeld team went to town. First, Mrs. Trump is married to a billionaire, how much could Ford’s clothes cost? Second, he dressed Michelle Obama, who is not married to a ...
Published:12/4/2016 1:02:24 AM
[topics:people/donald-trump] Trump attends "Villains and Heroes" costume party dressed as...himself  Published:12/4/2016 12:36:48 AM
[worldNews] Italy votes in referendum with PM Renzi's future at stake ROME (Reuters) - Italians started to vote on Sunday in a referendum on constitutional reform which will decide the political future of Prime Minister Matteo Renzi, who has promised to resign if he loses.
Published:12/4/2016 12:36:48 AM
[Alarmism] Stephen Hawking: “Most dangerous time for our Planet” because We aren’t listening to our Betters Guest essay by Eric Worrall Scientist Stephen Hawking wants to find a way to convince people to stop voting for Trump, and to start listening to people like him again, to save the planet from climate change and national borders. This is the most dangerous time for our planet Stephen Hawking We can’t go on… Published:12/4/2016 12:02:19 AM
[World] Fidel Castro's final resting spot shrouded in mystery SANTIAGO, Cuba (AP) — About a year ago, trucks full of building materials began arriving at the Santa Ifigenia cemetery in the eastern Cuban city of Santiago. On Saturday, a white cloth was draped over a new structure near the mausoleum for Cuban independence leader Jose Marti. Published:12/3/2016 11:30:37 PM
[Science] 'SNL': Trump sings 'Oops I did it again' retweeting random Americans

Daniel Chaitin

"Saturday Night Live" dedicated its entire cold opening this week to President-elect Trump's tweeting habits, which took place during a national security briefing from Trump Tower.

During what is supposed to be a serious meeting, Alex Baldwin, returning to portray Trump, retweeted a number of random people across the United States, including a 16-year-old high schooler.

"Kellyanne I just retweeted the best tweet — I mean wow what a great, smart tweet," Baldwin said to Kate McKinnon's Kellyanne Conway.

"Mr. Published:12/3/2016 11:30:34 PM

[2016 Election News] Green Party Drops Statewide Pennsylvania Recount Challenge Due to … Lack of Funds??? Jill Stein and the Green Party have some explaining to do after they dropped their case requesting a statewide recount in Pennsylvania because they ran out of money. Saturday’s court filing to withdraw the case said the Green Party-backed voters who filed the case “are regular citizens of ordinary means” and cannot afford the $1 ...
Published:12/3/2016 11:30:33 PM
[marketsNews] Pentagon arms buyer "hopeful" that Lockheed F-35 block buy will proceed SIMI VALLEY, Calif., Dec 3 (Reuters) - Frank Kendall, the Pentagon's chief arms buyer, said on Saturday he was hopeful that a proposed three-year block buy of Lockheed Martin Corp F-35 fighter jets,...
Published:12/3/2016 11:30:33 PM
[Bernie Sanders] Democrat Strategist on CNN Said ‘We Don’t Need White People Leading Democrats Now’

When asked by two CNN shills who she thought should be the next Chair of the DNC, democrat statagist, and former Bernie Sanders spokeswoman, Symone Sanders said 'we don't need white people leading the democrats now.' Instead, she felt someone of a darker persuasion should lead them, in order to best represent 'diversity.'

Apparently, diversity doesn't include all races -- just the ones that aren't white -- according to Symone.

If you recall, Symone mocked the Trump supporter that was viciously beaten by thugs -- saying 'oh my god poor white people,' when asked about the harrowing event.

The problem isn't Symone. There are lots of racists pigs like her, traversing the globe spreading their demented version of hatred. The issue that I take with these comments is the platform from which she's allotted to make them, the global network of CNN. Notice how the two cucks next to her didn't even bother to call out her bullshit, with the flaccid male sitting there just nodding his head?

The good news is, these people are weak. Their ideas and schemes crumble very easily; because at the heart of progressive ideologies is a sickness whose columns and tenets fall one by one after just a very small amount of inspection. Populism is on the rise and the culture wars will be won by people wholly interested in freedom -- rejecting the superstate and all of its trimmings. The perversion and the lies will not last the test of time and history will remember them as fleeting symbols that result when corruption intermingles with zeal -- the deadliest of concoctions, which stands at the precipice, right now, of erasing the democratic party from existence.

Published:12/3/2016 11:30:32 PM
[Science] It's a bird, it's a campaign manager

Jeremy Lott

After telling the press she would be going to a New York "heroes and villains" costume party as incoming White House strategist Steve Bannon, Trump campaign manager Kellyanne Conway instead showed up as Supergirl.

[Entertainment] Duck Dynasty's Willie Robertson Walks Daughter Rebbeca Lo Robertson Down the Aisle Duck Dynasty, Willie Robertson, Rebecca Robertson, Season 5Willie Robertson is one proud papa right about now! The Duck Dynasty star's daughter Rebecca Lo Robertson appears to have tied the knot with fiancé John Reed Loflin in Mexico on...
Published:12/3/2016 11:00:17 PM
[worldNews] Australian PM says he's confident Trump won't pull out of U.S. refugee deal SYDNEY (Reuters) - Australian Prime Minister Malcolm Turnbull said on Sunday he was confident a refugee resettlement deal with the United States would go ahead, despite White House comments which seemed to cast doubt about its future under a Trump Administration.
Published:12/3/2016 11:00:17 PM
[General] America, you were warned: Big holiday party cancelled, fashion industry in crisis mode after Trump victory

Let's hope everyone who voted for Trump is happy, now that a whole bunch of custom-printed party invitations have gone to waste.

The post America, you were warned: Big holiday party cancelled, fashion industry in crisis mode after Trump victory appeared first on

Published:12/3/2016 10:31:49 PM
[2016 Presidential Election] It’s over (Paul Mirengoff) Jill Stein and her crew have dropped the court proceeding by which they were seeking to force a statewide recount in Pennsylvania. Trump’s victory in the Keystone State stands. Thus, even if a recount were somehow to overturn the results in Wisconsin and Michigan, Trump would still prevail. There were no grounds for an automatic recount in Pennsylvania because Trump won by 0.8 percent. An automatic recount isn’t triggered unless Published:12/3/2016 10:31:48 PM
[topics:places/usa] 'Several dozen fatalities' feared with nine confirmed dead after massive fire during rave at warehouse in Oakland, California Published:12/3/2016 10:03:50 PM
[Banca Monte dei Paschi di Siena] "Meanwhile In Europe..." - The Big Day Arrives

Less than a month after the "shocking" election of Donald Trump as US president, the world prepares for another day of political shockwaves, this time out of Europe, when on Sunday all eyes will be on Italy and, to a slightly lesser extent, Austria.

Or, as Bank of America puts it "Meanwhile in Europe..."

As we have previewed on various occasions (most recently in Friday's extensive "Everything You Need To Know About The Italian Referendum & Should Be Afraid To Ask"), in a few short hours, Italy will vote on a constitutional reform referendum. While we urge readers to skim the in depth "walk thru", here is a simplified version of what happens after the likely "No" vote tomorrow.

The main concern in the markets - which has manifested itself in both the European currency, its vol structure, as well as Italian bond yields - is that a strong “No” vote will cause Prime Minister Renzi to resign, leading to political instability in Italy. Furthermore, a "No" vote is expected to kill a long-running attempt to rescue Italy's third largest and oldest bank, Monte dei Paschi, which has been desperate for a private sector bailout ever since it failed this summer's ECB stress test to avoid broader banking sector contagion; a failure of Monte Paschi will likely spark a fresh eurozone banking crisis, and prompt the ECB to get involved again (as it warned it would do), in a redux of what happened after the Brexit vote.

Also on Sunday, there is also a presidential election in Austria. A victory by the right-wing candidate, Norbert Hofer, would raise concerns about EU fragmentation because his party has advocated a referendum on EU membership. His victory would also raise concerns about a similar outcome in the French elections in May, and many other upcoming European elections as shown in the calendar at the bottom of this page:

However, while the Austrian vote will again be down to the wire - and since this time there won't be any Brussels-endorsed "widespread voting fraud", Norbert Hofer is assured to win - the key event will be the Italian vote. Here is what to expect in terms of timing:

  • Provisional turnout results from 7pm GMT (2pm ET)
  • Exit polls then expected around 10pm GMT on Sunday night (5pm ET)
  • First projections by Italian pollsters based on counted votes at around 10.45pm GMT (5:45pm ET)
  • Final result will come in around 2am on Monday (9:00pm ET)

In the highly improbably event the "Yes" vote wins, Deutsche Bank analysts write that a rebound in the Italian equity market should be largely restricted to financial stocks. Although the FTSE MIB is trading at a 15% discount relative to its 10-year average vs. Europe, valuations look substantially less attractive once banks are excluded from the index. The relative P/E of the FTSE MIB ex banks is trading in line with its long-term average vs. Europe ex banks. Several Italian sectors are even trading at a premium vs. their European peers, showing no signs yet of a spillover of banking sector risks.

That may change in just a few hours.

The biggest question from tomorrow's vote, is what happens to Italian PM Renzi should he lose the vote, and as France 24 reports, if voters reject Renzi's plan to streamline parliament, the centre-left leader has said he will step down.

The self-styled outsider in a hurry to shake up Italy finds himself on the inside, a target for those who say he has not been quick enough in fixing long-standing problems. For those unfamiliar, here is a brief snapshot of Renzi's approach, and political options:

After rapid rise, Italy's Renzi braced for fall


Renzi was just 39 when he came to power via an internal party coup in February 2014. With his penchant for retro sunglasses, open-necked shirts and jeans, the former mayor of Florence was hailed at the time as a premier for the smartphone generation. But the breath of fresh air is now in danger of being blown away by rival young Turks from populist and far right opposition parties trying to force him out.


After 1,000 days in office, Renzi, now 41, boasted last month of having steered the economy out of recession, got Italians spending again and improved public finances. He has also had significant political victories: a controversial Jobs Act passed, election rules rewritten and his candidate, Sergio Mattarella, installed as president.


As his Twitter follower numbers rose, so too did his international profile. Renzi was feted for his reform efforts by US President Barack Obama and German Chancellor Angela Merkel. "Matteo has the right approach and it is beginning to show results," Obama said just before treating Renzi and his school teacher wife Agnese to the last official White House dinner of his administration in October.

But many Italian voters do not share Obama's optimism. As the recovery has struggled to gain traction -- leaving unemployment stubbornly high, particularly among young people -- Renzi's ratings have slipped.


The Jobs Act, which eased hiring and firing, made him business friends but alienated trade unions and the left. A bullish style that was once seen as energetic has come to be viewed by some as high-handed, including by some grandees of his own party. Former Prime Minister Massimo d'Alema, a fervent critic of Renzi's constitutional proposals, described his successor to the New York Times as a Twitter-obsessed "oaf". The decline in Renzi's popularity is relative however. Polls suggest the Democratic Party, under his leadership, would top an election held tomorrow, albeit only just.


Born on January 11, 1975 in Florence, Renzi studied law and took his first steps in politics as a teenage campaign volunteer for future prime minister and European Commission chief Romano Prodi. By 26 he was a full-time organiser for La Margherita (The Daisy), a short-lived centre-left party.


He was only 29 when he became the leader of the province of Florence in 2004, establishing a power base that enabled him to go on to become mayor in 2009 and prime minister five years later. But for a brief spell in his early 20s working for the family advertising business, politics is all he has done and friends say he would be loath to give it up, despite his protestations to the contrary.

Even if has to make way as premier, he is not expected to give up the party leadership.

In short, Renzi is still very young, and a failure tomorrow followed by a resignation, means merely a detour for the career politican, not an end. The bigger question, however, is whether Italy is stable enough and its banks solid enough to survive a politidal vacuum wthout a "technocratic" government ready to step in and fill the void. The answer may be revealed as soon as Sunday night when the Euro opens for trading.

* * *

There is more to come.

As Bank of America notes, the common thread in all of these stories is that politics is driving economic outcomes. This dynamic will not change anytime soon, and BofA notes that it is "particularly concerned about the  drift toward protectionism." The bank notes that the number of trade restrictions globally has already picked up. Data from Global Trade Alert, a group of academic economists, shows an increase in the number of protectionist measures starting in 2012 and accelerating sharply in 2015. These include not just tariffs and quotas, but a range of policies that give  preference to domestic over foreign products.

An Italian "No" vote simply accelerate the global backlash against globalization, and lead to even more trade protectionist measures. But what is the most likely outcome, is that when the "No" vote wins (despite the endorsement of The Economist, which has gotten the outcome of every major political event this year wrong), it will only push the case for the anti-establishment vote in more European countries, until eventually Europe's populist forces stretch the European experiment so thin, that the Eurozone itself - an experiment which from day one catered to corporate interests and an established political oligarchy - will collapse under the weight of its own discontents.

For now, we await the surge in volatility that will emerge tomorrow afternoon, only to mysteriously disappear as every central bank around the globe engages in another BTFD orgy, sending risk assets higher even as the rapidly "isolating" world teeters on the verge of globalized collapse.

Published:12/3/2016 10:03:47 PM
[Science] It's a bird, it's a plane, it's...

Jeremy Lott

After telling the press she would be going to a heroes and villains costume party on Long Island as incoming White House strategist Steve Bannon, Trump campaign manager Kellyanne Conway instead showed up as Supergirl.

[Banking in the United States] Trump's Appointments - What Do They Mean?

Authored by Paul Craig Roberts,

Before I give an explanation, let’s be sure we all know what an explanation is. An explanation is not a justification. The collapse of education in the US is so severe that many Americans, especially younger ones, cannot tell the difference between an explanation and a defense, justification, or apology for what they regard as a guilty person or party. If an explanation is not damning or sufficiently damning of what they want damned, the explanation is interpreted as an excuse for the object of their scorn. In America, reason and objective analysis have taken a backseat to emotion.

We do not know what the appointments mean except, as Trump discovered once he confronted the task of forming a government, that there is no one but insiders to appoint. For the most part that is correct. Outsiders are a poor match for insiders who tend to eat them alive. Ronald Reagan’s California crew were a poor match for George H.W. Bush’s insiders. The Reagan part of the government had a hell of a time delivering results that Reagan wanted.

Another limit on a president’s ability to form a government is Senate confirmation of presidential appointees. Whereas Congress is in Republican hands, Congress remains in the hands of special interests who will protect their agendas from hostile potential appointees. Therefore, although Trump does not face partisan opposition from Congress, he faces the power of special interests that fund congressional political campaigns.

When the White House announced my appointment as Assistant Secretary of the Treasury, Republican Senator Bob Dole put a hold on my appointment. Why? Dole had presidential ambitions, and he saw the rising star of Republican Representative Jack Kemp as a potential obstacle. As I had written the Kemp-Roth bill that had become Reagan’s economic policy, Dole regarded me in the Treasury as a one-up for Kemp. So, you see, all sorts of motives can plague a president’s ability to form a government.

With Trump under heavy attack prior to his inauguration, he cannot afford drawn out confirmation fights and defeats.

Does Trump’s choice of Steve Mnuchin as Treasury Secretary mean that Goldman Sachs will again be in charge of US economic policy? Possibly, but we do not know. We will have to wait and see. Mnuchin left Goldman Sachs 14 years ago. He has been making movies in Hollywood and started his own investment firm. Many people have worked for Goldman Sachs and the New York Banks who have become devastating critics of the banks. Read Nomi Prins’ books and visit Pam Martens website, Wall Street on Parade. My sometimes coauthor Dave Kranzler is a former Wall Streeter.

Commentators are jumping to conclusions based on appointees past associations. Mnuchin was an early Trump supporter and chairman of Trump’s finance campaign. He has Wall Street and investment experience. He should be an easy confirmation. For a president-elect under attack this is important.

Will Mnuchin suppport Trump’s goal of bringing middle class jobs back to America? Is Trump himself sincere? We do not know.

What we do know is that Trump attacked the fake “free trade” agreements that have stripped America of middle class jobs just as did Pat Buchanan and Ross Perot. We know that the Clintons made their fortune as agents of the One Percent, the only ones who have profited from the offshoring of American jobs. Trump’s fortune is not based on jobs offshoring.

Not every billionaire is an oligarch. Trump’s relation to the financial sector is one as a debtor. No doubt Trump and the banks have had unsatisfactory relationships. And Trump says he is a person who enjoys revenge.

What about the hot-headed generals announced as National Security Advisor and Secretary of Defense? Both seem to be death on Iran, which is stupid and unfortunate. However, keep in mind that Gen. Flynn is the one who blew the whistle on the Obama regime for rejecting the advice of the DIA and sending ISIS to overthrow Assad. Flynn said that ISIS was a “willful decision” of the Obama administration, not some unexpected event.

And keep in mind that Gen. Mattis is the one who told Trump that torture does not work, which caused Trump to back off his endorsement of torture.

So both of these generals, as bad as they may be, are an improvement on what came before. Both have shown independence from the neoconservative line that supports ISIS and torture.

Keep in mind also that there are two kinds of insiders. Some represent the agendas of special interests; others go with the flow because they enjoy participating in the affairs of the nation. Those who don’t go with the flow are eliminated from participating.

Goldman Sachs is a good place to get rich. That Mnuchin left 14 years ago could mean that he was not a good match for Goldman Sachs, that they did not like him or he did not like them. That Flynn and Mattis have taken independent positions on ISIS and torture suggests that they are mavericks. All three of these appointees seem to be strong and confident individuals who know the terrain, which is the kind of people a president needs if he is to accomplish anything.

The problem with beating up on an administration before it exists and has a record is that the result can be that the administration becomes deaf to all criticism. It is much better to give the new president a chance and to hold his feet to the fire on the main issues.

Trump alone among all the presidential candidates said that he saw no point in fomenting conflict with Russia. Trump alone questioned NATO’s continued existence 25 years after the collapse of the Soviet Union.

Trump alone said that he would work to bring middle class jobs back to America.

And Trump said that he would enforce immigration laws. Is this racism or is this a defense of citizenship? How is the US a country if there is no difference between illegal aliens and citizens?

Commentators of all stripes are making a mistake to damn in advance the only government that campaigned on peace with Russia, restoring middle class jobs, and respect for the country’s borders. We should seize on these promises and hold the Trump administration to them. We should also work to make Trump aware of the serious adverse consequences of environmental degradation.

Who is blowing these opportunities? Trump? Mnuchin? Flynn? Mattis?

Or us?

The more Trump is criticized, the easier it is for the neoconservatives to offer their support and enter the administration. To date he has not appointed one, but you can bet your life that Israel is lobbying hard for the neocons. The neocons still reign in the media, the think tanks, university departments of foreign affairs, and the foreign policy community. They are an ever present danger.

Trump’s personality means that he is likely to see more reward in being the president who reverses American decline than in using the presidency to augment his personal fortune. Therefore, there is some hope for change occuring from the top rather than originating in the streets of bloody revolution. By the time Americans reach the revolutionary stage of awareness the police state is likely to be too strong for them.

So let’s give the Trump administration a chance. We can turn on him after he sells us out.

Published:12/3/2016 9:29:23 PM
[worldNews] Cuba's Raul Castro vows to defend brother's legacy in final tribute SANTIAGO, Cuba (Reuters) - President Raul Castro led tens of thousands of Cubans on Saturday in a pledge to defend the socialist legacy of his brother Fidel Castro, who died last week aged 90 and will be interred in the city where they launched the Cuban Revolution.
Published:12/3/2016 9:29:23 PM
[Entertainment and Hobbies] WATCH: Guardians of the Galaxy Vol. 2 – Baby Groot Trailer Another look at the new Guardians of the Galaxy Vol. 2 coming out in May. This time, it’s baby Groot in the spotlight.
Published:12/3/2016 9:29:23 PM
[GLD] The Gold To Oil Ratio: What It Tells Us About An Impending Crisis And The Price Of Gold Published:12/3/2016 9:04:42 PM
[World] The Latest: 9 bodies recovered from burned Oakland warehouse OAKLAND, Calif. (AP) — The Latest on a deadly fire in a converted warehouse in Oakland, California (all times local): Published:12/3/2016 9:04:42 PM
[Demographics of the United States] A Visual History Of Population In America

You’ve likely seen the population density map of the United States in one form or another. A lot of people per square mile reside in big cities, fewer people reside in suburban areas, and a lot fewer people reside in rural areas.

But as's Nathan Yau explains, cities weren’t always cities though. Rural wasn’t always rural. If you look at people per square mile over a couple of centuries, you get a better idea of how the country developed.

The animated map above shows population density by decade, going back to 1790 and up to recent estimates for 2015. The time in between each time period represents a smoothed transition. This is approximate, but it gives a better idea of how the distribution of population changed.

As you watch, keep in mind that the map is based on data that was available and that it only represents the United States population.

This is especially notable during the first century. No data shows in much of the country, the estimates are spotty in many territories, and there were people who lived in the blanked out areas before newcomers settled.

Published:12/3/2016 9:04:40 PM
[topics:people/donald-trump] Jill Stein, US Green Party candidate, drops election recount bid in Pennsylvania Published:12/3/2016 9:04:39 PM
[Science] Many Democrats are missing in action for Foster Campbell's Louisiana runoff

Jeremy Lott

Vice President-elect Mike Pence's visit to Louisiana Saturday to campaign for John Kennedy in the US Senate runoff election underscored the difference between how seriously Republicans and Democrats are taking that race.

National Republicans want the seat, which would give them a 52-48 majority in the Senate if Kennedy prevails on December 10, and are actively campaigning for it.

National Democrats have largely written the race off off, leaving activists and celebrities who want to set back a new Trump administration to fill the void. Published:12/3/2016 9:04:39 PM

[Politics] Phoenix artists sue to ward off Anti-Christian witch-hunt brush-and-nib-phoenix-art

The LGBT mob must be making up for losing the election to Trump by going after more Christians for sport, because that’s what is happening to two Christian Phoenix art studio owners. . . .

The post Phoenix artists sue to ward off Anti-Christian witch-hunt appeared first on The Right Scoop.

Published:12/3/2016 9:04:39 PM
[Politics] Phoenix artists sue to ward off Anti-Christian witch-hunt brush-and-nib-phoenix-art

The LGBT mob must be making up for losing the election to Trump by going after more Christians for sport, because that’s what is happening to two Christian Phoenix art studio owners. . . .

The post Phoenix artists sue to ward off Anti-Christian witch-hunt appeared first on The Right Scoop.

Published:12/3/2016 9:04:39 PM
[US Politics] FAKE NEWS: Kellyanne Conway misleads press, attends ‘Villains and Heroes’ costume party as Supergirl

Donald Trump arrived at a costume party wearing his regular suit and is being slammed as unpresidential anyway.

The post FAKE NEWS: Kellyanne Conway misleads press, attends ‘Villains and Heroes’ costume party as Supergirl appeared first on

Published:12/3/2016 9:04:39 PM
[] Overnight Open Thread (12-03-2016)
Published:12/3/2016 9:04:39 PM
[World] Fearing abandonment by Trump, CIA-backed rebels in Syria mull alternatives The fighters could align with more extremist groups, including al-Qaeda. Published:12/3/2016 8:37:22 PM
[Politics] What They Told Us: Reviewing Last Week’s Key Polls

The Donald Trump show has been playing in at least three different cities this past week, while the rest of the nation watches with anticipation.

Published:12/3/2016 8:37:16 PM
[Beppe Grillo] Tomorrow's Vote In Italy Will Be A "Wide-Ranging F**k Off", And It's Just The Start...

Submitted by Nick Giambruno via,

Tomorrow, December 4, Italy is holding a referendum that will determine the fate of the entire European Union.

Donald Trump’s victory—which shocked Europe’s political and media elite—gives the populists backing the “No” side of Italy’s referendum the political rocket fuel they need for a virtually guaranteed win.

That momentum will be all but impossible to reverse. Anti-elite sentiment is rising on both sides of the Atlantic. And I bet the global populist revolution will continue.

If Italians buck the establishment—and it looks like they will—it will clear a path for a populist party to take power and for Italy to exit the euro.

If that happens, the fallout will be catastrophic for global markets. The Financial Times recently put it this way:

An Italian exit from the single currency would trigger the total collapse of the eurozone within a very short period.

It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.

If the FT is even partially right, we’re looking at a possible stock market crash of historic proportions. This is why we’re watching the December 4 referendum so closely.

The referendum is meant to concentrate more power in Italy’s central government. On that point alone, everyone should oppose it. The centralization of power never leads to good things.

A “Yes” vote is effectively a vote of confidence in the current pro-EU Italian establishment. This is what the global elite wants.

A “No” vote is how the average Italian can give the finger to the faceless EU bureaucrats in Brussels, whom many blame—quite correctly—for their problems.

Trump’s win has been a double whammy for Italy’s pro-EU establishment.

First, it emboldens the populist forces fighting the referendum.

Second, it humiliates and politically castrates Matteo Renzi, the current Italian prime minister. Renzi took a rare step when he openly endorsed Hillary Clinton. He was the only European leader to do so.

As one of Renzi’s rivals said after Trump’s victory, “Matteo Renzi is politically finished from today, he’s a dead man walking.”

Other Italian politicians are furious that he weakened Italy’s standing with the new Trump administration.

It’s hard to see how Renzi could get himself out of the hole he’s dug.

It Started as a Joke

In 2007, Beppe Grillo, an Italian actor and comedian, launched Vaffanculo Day. “Vaffanculo” is Italian for “f*** off.”

Grillo and his followers used V-Day to bluntly express their displeasure with Italian establishment politicians, using imagery from the movie V for Vendetta.

Now, what started out as a joke has become Italy’s most popular political party…

V-Day helped organize Italians frustrated with their political system. It gave birth to the Five Star Movement, Italy’s new populist political party.

Grillo’s Five Star Movement—or M5S, its Italian acronym—is anti-globalist, anti-euro, and anti-establishment. It doesn’t neatly fall into the left–right political paradigm.

According to the latest polls, M5S is now the most popular party in Italy. It won mayoral elections in Rome and Turin earlier this year.

M5S is riding a wave of populist anger at entrenched political elites over economic stagnation. Italy has had virtually no productive growth since joining the eurozone in 1999.

M5S blames Italy’s chronic lack of growth on the euro. A large plurality of Italians agrees.

M5S has promised to hold a vote to leave the euro and return to Italy’s old currency, the lira, as soon as it’s in power. Under the current circumstances, it would probably pass.

After the Brexit vote and Trump’s win, M5S has joyfully predicted that Renzi will be the next casualty in the global populist revolution.

Grillo recently wrote:

It's crazy. This is the explosion of an era. It's the apocalypse of the media, TV, the big newspapers, the intellectuals, the journalists… This is a wide-ranging F*** off. Trump has pulled off an incredible V-Day… There are similarities between this American story and the Movement.

A “No” vote in the December 4 referendum means M5S could come to power in a matter of months.

Melting Like a Gelato in the August Sun

A populist tsunami is about to wash through Europe. It will drastically change the Continent’s political landscape in a way not seen since before World War II.

This wave will flush away traditional “mainstream” parties and usher in anti-establishment populists who want to leave the European Union.

It’s already hit the UK in the form of Brexit, killing David Cameron’s pro-EU government in the process.

Croatia, Hungary, Poland, Slovenia, and Greece already have populist, Eurosceptic—or “non-mainstream”—parties in power.

Italy is the next flashpoint.

A “No” vote in Italy is virtually assured at this point.

But it won’t be the end of the anti-elite surge. Voters in Europe’s biggest countries could soon throw out their “mainstream” parties in favor of populist and Eurosceptic alternatives.

Here’s the rundown…


Austria is holding a presidential election, also on December 4. It’s actually a redo of an election held in May, where a populist candidate, Norbert Hofer of the Freedom Party, barely lost.

Austrian courts found irregularities in the results and ordered a prompt new election. But when opinion polls showed the populist candidate in the lead, the government delayed the vote until December 4, giving a lame excuse about faulty adhesive on absentee ballots. Despite the foot-dragging, Mr. Hofer looks set to win the December 4 vote.


France has a presidential election next spring. There’s a chance that Marine Le Pen, leader of the Eurosceptic National Front party, will do better than many expect. After more than a decade of disappointment under presidents François Hollande and Nicolas Sarkozy, French voters are clamoring for something different.


Spain recently re-elected incumbent Prime Minister Mariano Rajoy. However, Spanish voters fled traditional political parties en masse for new populist upstarts Podemos and Ciudadanos. So Rajoy was unable to form a majority government.

Rajoy now leads a severely weak minority government. The political power of the Spanish populist parties is only expected to grow.


Angela Merkel, the chancellor of Germany, embodies the European establishment more than any other politician. Her party suffered a series of stinging defeats in regional elections this year, mostly because of her signature lax immigration policies, which have flooded Germany with migrants.

Merkel’s troubles have only helped the Alternative for Germany, a new populist party surging in popularity. The party could pose a real problem for Merkel in the 2017 federal elections.

The Netherlands

As the Netherlands approaches elections in March, Geert Wilders’s Party for Freedom, which advocates leaving the EU, is basically tied in opinion polls with the establishment parties.

How to Profit from the Tsunami…

As populist, Eurosceptic parties surge, the entire European Union is looking shakier by the day.

One Italian politician correctly put it this way: “The euro is melting away like a gelato left out in the August sun.”

Our thesis for the collapse of the EU not only stands… it’s getting stronger and stronger.

There are potentially severe consequences in the currency and stock markets. We are approaching a global financial meltdown of historical proportions. It could strike America on December 4, 2016, as Italian voters decide the fate of the European Union itself.

It could either wipe out a big part of your savings... or be the fortune-building opportunity of a lifetime.

New York Times best-selling author Doug Casey and I just released an urgent video with all the details. Click here to watch it now.

Published:12/3/2016 8:37:11 PM
[Entertainment] Jensen Ackles and Danneel Harris Welcome Twins: Find Out Their Unique Names! Jensen Ackles, Danneel HarrisThe Ackles-Harris family just grew by two! Jensen Ackles shared on Instagram Saturday that he and wife Danneel Harris welcomed twins a day ago. The little boy and girl, named Zeppelin...
Published:12/3/2016 8:37:11 PM
[topics:places/usa] Bergdahl seeks pardon before Trump takes office Published:12/3/2016 8:37:11 PM
[Finance] Former TechShop CEO Mark Hatch joins Network Society Ventures as General Partner tc-makers-techshop Early-stage venture firm Network Society Ventures has snagged TechShop’s former CEO and co-founder Mark Hatch as general partner. Hatch is recognized as a pioneer of the maker movement, is a current entrepreneur in residence at UC Berkeley, and is a former Green Beret. For those who don’t know it, TechShop bills itself as “a membership-based DIY… Read More
Published:12/3/2016 8:37:11 PM
[Politics] What They Told Us: Reviewing Last Week’s Key Polls

The Donald Trump show has been playing in at least three different cities this past week, while the rest of the nation watches with anticipation.

Published:12/3/2016 8:05:20 PM
[Bond] Did The Market Just Flash A Hindenburg Omen Warning?

Amid the slings and arrows of outrageous fortune in the stock, bond, and commodity markets this week, a few 'rotten' things began to emerge. With major indices diverging notably, new highs and new lows soaring, and breadth deteriorating, analysts noted the re-awakening of The Hindenburg Omen signal...

As John Hussman previously wrote, when we think of market “internals,” the number of new highs and new lows can contribute useful information. To expand on the vocabulary we use to talk about internals, “leadership” typically refers to the number of stocks achieving new highs and new lows; “breadth” typically refers to the number of stocks advancing versus declining in a given day or week; and “participation” typically refers to the percentage of stocks that are advancing or declining in tandem with the major indices.

The original basis for the Hindenburg signal traces back to the “high-low logic index” that Norm Fosback created in the 1970’s. Jim Miekka introduced the Hindenburg as a daily rather than weekly measure, Kennedy Gammage gave it the ominous name, and Peter Eliades later added several criteria to reduce the noise of one-off signals, requiring additional confirmation that amounts to a requirement that more than one signal must emerge in the context of an advancing market with weakening breadth.

And this week saw renowned technician Tom McClellan declare a Hindenburg Omen had struck...


As we discussed over 6 years ago, the dreaded Hindenburg Omen is easily the most feared technical pattern in all of chartism (for the bullishly inclined). Those who know what it is, tend to have an atavistic reaction to its mere mention. Those who do not, can catch up on its implications courtesy of Wikipedia, but in a nutshell: "The Hindenburg Omen is a technical analysis that attempts to predict a forthcoming stock market crash. It is named after the Hindenburg disaster of May 6th 1937, during which the German zeppelin was destroyed in a sudden conflagration." Granted, the Hindenburg Omen is not a guarantee of a crash, and the five criteria that must be met for a Hindenburg trigger typically need to reoccur within 36 days for reconfirmation. Yet the statistics are startling: "Looking back at historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen was 77%, and usually takes place within the next forty-days."

As a reminder, the 5 criteria of the Omen are as follows:

  1. That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
  2. That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.
  3. That the NYSE 10 Week moving average is rising.
  4. That the McClellan Oscillator is negative on that same day.
  5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.

The last Hindenburg Omen occurred as the markets began to roll over in June 2015 (and did not end well) although that had followed a series of false alerts in the 2013 QE-enthused melt-up.


However, while McClellan called the Hindenburg, it appears it may have fallen just short...

Checking the rules:

1: YES - see chart above (red and green lines BOTH above the blue)

2: YES - 74 > 69

3: YES - 10628 to 10631 (rising)

4: YES - McClellan Oscillator -5.85 (below 0)

5: NO - 236 New Highs is more than double the 74 New Lows

And so from the most strict definition, The Hindenburg Omen did not strike this week...

But it's close and as a reminder, while no Hindenburg flashed, Dana Lyons noted both the number of New Highs and New Lows set 3-month highs just over a week ago. If that sounds odd, it is. In fact, it was only the 2nd day ever in which each set a 3-month high. And since 1970, only 18 prior days saw New Highs and New Lows set as much as a 1-month high.



Something which has not boded well in the past...


As the table shows, the return in the S&P 500 has been negative 2 months after all 11 occurrences. And it wasn’t just the 2-month period that was poor. Median returns are negative across nearly all time frames from 1 week to 2 years. The 2-year result is perhaps the most eye-opening after the 2-month. The market is not typically down over a 2-year period so to see 7 of the 8 instances lower is a rare result.

What causes the elevated numbers of New Highs and New Lows? And why would it necessarily be a negative for the stock market? We’re not sure, and we don’t really care. We’re never too concerned with the “why’s” when it comes to the markets. All we care about is what is happening. And for whatever reason, the market has been especially weak – and consistently so – following the occurrence of lots of New Highs and Lows. That is a legitimate red flag currently, in our view.

Published:12/3/2016 8:05:19 PM
[topics:places/cuba] Raul Castro announces Cuba will ban the naming of sites in Fidel Castro's honour Published:12/3/2016 8:05:18 PM
[Science] Many Democrat are missing in action for Foster Campbell's Louisiana runoff

Jeremy Lott

Vice President-elect Mike Pence's visit to Louisiana Saturday to campaign for John Kennedy in the US Senate runoff election underscored the difference between how seriously Republicans and Democrats are taking that race.

National Republicans want the seat, which would give them a 52-48 majority in the Senate if Kennedy prevails on December 10, and are actively campaigning for it.

National Democrats have largely written the race off off, leaving activists and celebrities who want to set back a new Trump administration to fill the void. Published:12/3/2016 8:05:18 PM

[b7fe4a85-e386-45cd-a104-ebe1db401d29] Why Trump was right to talk with Taiwan's president President-elect Trump is adhering to the what he made clear throughout the presidential campaign: that he will be open to talking to foreign leaders who want good relations with the U.S. Published:12/3/2016 8:05:18 PM
[Comedy] @BRANDONWARDELL if u see someone chewing gum in the morning, it's 100% bc they didn't brush their teeth. they're nasty as hell n not worthy of ur respect Published:12/3/2016 7:36:44 PM
[Politics] Trump’s emerging Cabinet is looking less Trumpian than expected With a few quirky exceptions, many of the president-elect’s picks are within the bounds of orthodox GOP views. Published:12/3/2016 7:36:44 PM
[World] GAO Federal Govt Forgiving $108 Billion Student Loan Debt Forbes on Fox

The Government Accountability Office announced this week that at least $108 billion in student loan debt will be forgiven in the coming years, Trish Regan reported on Forbes On Fox.

Published:12/3/2016 7:36:44 PM
[Markets] Here’s the real secret to losing weight and staying thin (Hint: You’re not going to like it) A study found that metabolism rates slow more than expected years after weight loss.
Published:12/3/2016 7:36:42 PM
[Politics] DNC Chair Hopeful Spent Past Eight Years as Podesta Group Lobbyist

South Carolina Democrat Jaime Harrison has left his position as a top lobbyist for the Podesta Group as he attempts to rally support behind his bid to be chairman of the Democratic National Committee.

The post DNC Chair Hopeful Spent Past Eight Years as Podesta Group Lobbyist appeared first on Washington Free Beacon.

Published:12/3/2016 7:36:36 PM
[World] Report: Iowa's Branstad top choice for US ambassador to China

Al Weaver

Iowa Gov. Terry Branstad is the front-runner to be named the United States ambassador to China, according to a report.

According to Bloomberg, Brandstad, a longtime friend of Chinese President Xi Jinping, is set to meet with members of President-elect Trump's transition team this coming week, with a decision to follow potentially.

He is set to be in New York this coming week for meetings about Iowan economic development, according to the report, and meeting with the transition team are likely to be added.

Any potential move could come on the heels of Trump taking a call from the president of Taiwan, which could complicate relations with the Chinese. Published:12/3/2016 7:36:34 PM

[Uncategorized] Anti-Christian BuzzFeed Bigots Target HGTV’s Chip And Joanna Gaines (Guest Post)   Even before candidate Barack Obama spoke of bitter clingers clinging to their guns and religion with antipathy to those not like them, or candidate Hillary Clinton threw much of flyover country into a “basket f deplorable”, the left’s antipathy to Christian America was deep and bitter. While accusing the right of intolerance, the hypocritical... Read more » Published:12/3/2016 7:36:34 PM
[MGA] Apple: Project Titan Far From Dead Published:12/3/2016 7:36:33 PM
[Family] Bride's Beautiful Reaction to Salesperson's Comment About Her $130 Rings Is Reminder of What Love Is When her fiancé heard the salesperson's remark, his face fell. Published:12/3/2016 7:36:33 PM
[World] Fire tears through Oakland dance party, killing at least 9 OAKLAND, Calif. (AP) — Firefighters struggled to get to bodies in the rubble Saturday after a fire tore through a converted Oakland warehouse during a late-night electronic music party, killing at least 9 people and making the charred structure unsafe for emergency crews to enter. Officials said they feared the death toll could rise as high as 40. Published:12/3/2016 7:36:33 PM
[United States International Relations] Donald Trump Thrusts Taiwan Back on the Table, Rattling a Region A single protocol-shattering phone call with Taiwan’s president raises fears of igniting tensions in Asia and emboldening China. Published:12/3/2016 7:36:32 PM
[James Hansen] SHOCK: The ‘Father of global warming’, James Hansen, dials back alarm James Hansen: We Have a Little More Time After All (Whew!) By Robert Bradley Jr. “Contrary to the impression favored by governments, the corner has not been turned toward declining emissions and GHG amounts…. Negative CO2 emissions, i. e., extraction of CO2 from the air, is now required.” – James Hansen, “Young People’s Burden.” October… Published:12/3/2016 7:36:32 PM
[Markets] Here’s the verdict on that ‘terrible’ Obama economy Published:12/3/2016 7:36:32 PM
[International] Trump-Tsai Phone Call a Good Start to Reforming US-Taiwan Relations

The transition team has announced that President-elect Donald Trump spoke by phone with the president of Taiwan, Tsai Ing-wen Friday. Not only is there nothing wrong with... Read More

The post Trump-Tsai Phone Call a Good Start to Reforming US-Taiwan Relations appeared first on The Daily Signal.

Published:12/3/2016 7:36:32 PM
[News] BREAKING: Rep. @DanaRohrabacher Still In Running For Secretary Of State, Will Be On East Coast Soon @transition2017

Representative Dana Rohrabacher (R-CA) is still in the running for Secretary of State and will be in New York City and Washington, D.C. as soon as next week to have meetings with President-elect Donald J. Trump’s advisors and transition team, according to a source close to the process. The source told GotNews that, despite declining an offer […]

The post BREAKING: Rep. @DanaRohrabacher Still In Running For Secretary Of State, Will Be On East Coast Soon @transition2017 appeared first on GotNews.

Published:12/3/2016 7:36:32 PM
[Administration for Children's Services] Brooklyn Borough President Launches Multilingual Anti-Child Abuse Effort Eric Adams kicked off a campaign to educate New Yorkers about signs of child abuse after the cases of Zymere Perkins and Jaden Jordan. Published:12/3/2016 7:36:32 PM
[Hi Tech & Innovation ] Apple reveals autonomous vehicle ambitions Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the government to make it easier to develop self-driving cars. Published:12/3/2016 7:36:31 PM
[Culture] The New Guardians of the Galaxy Vol. 2 Trailer Is Groot Stuff
The New Guardians of the Galaxy Vol. 2 Trailer Is Groot Stuff
2017—aka the year of our Star-Lord—can't come soon enough. The post The New Guardians of the Galaxy Vol. 2 Trailer Is Groot Stuff appeared first on WIRED.
Published:12/3/2016 7:36:31 PM
[marketsNews] Novartis says 82 pct of leukemia patients in remission after CAR-T Dec 3 (Reuters) - An experimental cancer therapy being developed by Novartis AG eliminated an aggressive form of blood cancer in 82 percent of children and young adults treated with modified immune...
Published:12/3/2016 7:36:31 PM
[Artificial Intelligence] Bots that work everywhere universal-chat-bot Bots made big headlines in 2016. They’ve been hailed variously as the future of commerce and a revolution in customer service. It seems likely that, just as the web and the cell phone once did, the messaging interface will transform how we interact with the world around us. Read More
Published:12/3/2016 7:36:31 PM
[News 2016] Since Trump’s Election, Mark Zuckerberg’s Net Worth Has Fallen $3.7 Billion Since Trump’s Election, Mark Zuckerberg’s Net Worth Has Fallen $3.7 Billion. Every dope cloud has a silver lining. Published:12/3/2016 7:36:31 PM
[World] [Eugene Volokh] Constitutional plot twists

Time’s Ryan Teague Beckwith has some interesting ideas for legal plot twists that Hollywood might consider. A sample:

Article III, Section 1

Suggested title: Good Behaviour

Suggested plot: After her husband dies, a Supreme Court justice goes through a midlife crisis, doing Jell-O shots with her law clerks, attending Burning Man and going on endless Tinder dates.

Dream casting: Julia Louis-Dreyfus

The constitutional background: Article III, Section 1. The Constitution grants lifetime tenure to Supreme Court justices and other federal judges, noting only that they “shall hold their offices during good Behaviour.”

What scholars think: “The Court is not really very dramatic,” Wexler told TIME in an email. “I’ve always thought … that the way to go with a TV show about the Court is comedy. A Veep for the Court, in other words.”

Spoiler alert: Only one Supreme Court Justice has ever been impeached, but he was acquitted in the Senate.

Read More: [Jay] Wexler’s novel, Tuttle in the Balance, explores this very scenario. (He’d like us to note that film rights are still available.)

Published:12/3/2016 7:36:31 PM
[topics:things/passengers] Virgin Galactic’s space programme moves forward as SpaceShipTwo carries out first successful glide test  Published:12/3/2016 7:36:30 PM
[US Politics] Jill Stein discontinues Pennsylvania recount, cites outrageous, shameful, unacceptable, antiquated law

The price tag to secure a recount in Pennsylvania was a little more of other people's money than Jill Stein was willing to part with.

The post Jill Stein discontinues Pennsylvania recount, cites outrageous, shameful, unacceptable, antiquated law appeared first on

Published:12/3/2016 7:36:30 PM
[Asia-Pacific Economic Cooperation] Obama TV: Is Obama Planning A "Fake News" Outlet Of His Own?

After spending the past month blaming Hillary's loss on the rampant spread of "fake news," because choosing a failed candidate subject to numerous active federal criminal investigations and/or Obama's failed policies couldn't possibly be to blame, Mic is reporting that Obama is contemplating starting a propaganda machine media company of his own after leaving the White House.  

President Barack Obama has been discussing a post-presidential career in digital media and is considering launching his own media company, according to multiple sources who spoke on background because they were not authorized to speak for the president.


Obama considers media to be a central focus of his next chapter, these sources say, though exactly what form that will take — a show streaming on Netflix, a web series on a comedy site or something else — remains unclear. Obama has gone so far as to discuss launching his own media company, according to one source with knowledge of the matter, although he has reportedly cooled on the idea of late.


According to another source, Obama met privately with Facebook CEO and co-founder Mark Zuckerberg in Lima, Peru, on the sidelines of the recent APEC summit to discuss the matter.


While Obama has been on a crusade against "fake news" of late, we're not exactly sure how adding yet another MSNBC substitute to the media arm of the democratic party will change anything in a meaningful way.  While Obama continues to "rethink his storytelling," he and other democrats simply continue to prove that they've learned absolutely nothing from the 2016 election.  The entire election was a rejection of "storytelling" in favor of action, it was a rejection of establishment politicians, like Obama, who have proven time and again that, while they're great at delivering emotional speeches on "Hope and Change," they are completely void of any substance beyond their rhetoric. 

When Rolling Stone asked the president about his future plans, Obama said he would begin "organizing my presidential center," where a top subject would be, "How do we rethink our storytelling, the messaging and the use of technology and digital media, so that we can make a persuasive case across the country?"


In recent days — even before Trump's surprising victory — Obama also mused openly about what he views as the dangerous state of media and his desire to play a role in fixing it. According to the New Yorker, Obama apparently obsessed over a BuzzFeed story that documented how more than 100 pro-Trump websites peddling fake news reports had originated in one small Macedonian town. The president worried aloud that the way stories are displayed on various platforms "means everything is true and nothing is true" and that "an explanation of climate change from a Nobel Prize-winning physicist looks exactly the same on your Facebook page as the denial of climate change by somebody on the Koch brothers' payroll."


Obama has been outspoken in recent days about the faux news phenomenon, arguing that the rise of conspiracy theories and the easy propagation of fake stories has made it difficult to establish basic facts to frame a debate. "And now we just don't have that," he told New Yorker editor David Remnick.

Of course, if true an Obama media company would threaten a long-standing tradition of former Presidents withholding criticism of their successors. 

Depending on what form it takes, a hard dive into media could also put Obama at odds with presidential precedent. For decades, former presidents have followed a tradition of remaining quiet about their successors in public. During his recent visit to Peru, Obama said he would uphold that convention after leaving office, but also hinted he might speak out when he feels necessary. "If there are issues that have less to do with the specifics of some legislative proposal or battle or go to core questions about our values and ideals, and if I think that it's necessary or helpful for me to defend those ideals, I'll examine it when it comes," Obama told reporters.

Remember when Obama scolded Republicans with his “Elections have consequences. Tough luck, you lost. Get over it" line.  We guess that only applies when his team wins.

Published:12/3/2016 7:36:30 PM
[Uncategorized] China Files Protest Over Trump’s Taiwan Call China needs us as much as we need it. Published:12/3/2016 7:36:30 PM
[Science] Mattis nomination gives Dems their first shot at filibustering a Trump Cabinet pick

Joel Gehrke

President-elect Trump, through his announcement that he will nominate retired Marine Gen. James Mattis to lead the Defense Department, has given Senate Democrats a power they did not expect to have: the opportunity to filibuster one of Trump's Cabinet picks.

That power was long provided by the rules of the Senate, but retiring Democratic Leader Harry Reid used the nuclear option to change the rules of the Senate in 2013 when his party enjoyed the majority.

So while it will be simple to muster the 51 votes to confirm Mattis, getting to that point will be much harder. Published:12/3/2016 7:36:30 PM

[Politics] Green Party DROPS Pennsylvania recount because lack of FUNDS – WHERE’S Jill Stein’s cash?! trump-jill-stein-hillary-scam-artist

This is really curious. The Green Party is dropping the recount effort in Pennsylvania because they say they can’t afford the million dollar price tag. But didn’t Jill Stein raise millions more . . .

The post Green Party DROPS Pennsylvania recount because lack of FUNDS – WHERE’S Jill Stein’s cash?! appeared first on The Right Scoop.

Published:12/3/2016 7:36:29 PM
[Politics] Green Party DROPS Pennsylvania recount because lack of FUNDS – WHERE’S Jill Stein’s cash?! trump-jill-stein-hillary-scam-artist

This is really curious. The Green Party is dropping the recount effort in Pennsylvania because they say they can’t afford the million dollar price tag. But didn’t Jill Stein raise millions more . . .

The post Green Party DROPS Pennsylvania recount because lack of FUNDS – WHERE’S Jill Stein’s cash?! appeared first on The Right Scoop.

Published:12/3/2016 7:36:29 PM
[Entertainment] Guardians of the Galaxy Vol. 2 Gets a New Trailer With Even More Baby Groot, Chris Pratt and Rock 'n' Roll Guardians Of The GalaxyIt's showtime, a-holes. Marvel just premiered the second trailer for Guardians of the Galaxy Vol. 2, the action-packed followup to the 2014 blockbuster starring Chris Pratt, Zoe...
Published:12/3/2016 7:36:29 PM
[Top Picks] The dead don’t just vote… they collect pension benefits too They work hard for the money Published:12/3/2016 7:36:29 PM
[] College Football Night-Open Thread Clemson vs. VA Tech-ACC Penn State vs. UW-Big 10 AR State vs. TX State-Sun Belt Open thread, enjoy your evening until the ONT comes along.... Published:12/3/2016 7:36:29 PM
[World] Trump Phone Call Taiwan President Tsai Ing-Wen John Bolton UN China

Palin Blasts Trump's Carrier Deal: 'Crony Capitalism is One Big Fail'

'I Want Them Locked Up': TX Family Presses for Cyber-Bullying Laws After Teen's Suicide

Malkin: Mainstream Media, Clinton Team Still in Denial About Why Trump Won

Published:12/3/2016 11:03:11 AM
[Entertainment] We saw part of 'Rogue One': Here's what we learned New heroine Jyn Erso has a backstory and a colorful team.
Published:12/3/2016 11:03:06 AM
[World] Trump shrugs off fuss over Taiwan call BEIJING (AP) — President-elect Donald Trump is unapologetic about roiling diplomatic waters with his decision to speak on the phone with Taiwan's leader, a breach of long-standing tradition that risks enmity from China. Published:12/3/2016 11:03:05 AM
[World] [Ilya Somin] New Zealand legalizes compensation for organ donors
Flag of New Zealand.

Flag of New Zealand.

The government of New Zealand recently passed a law legalizing compensation for organ donors:

“The Bill effectively removes what is known to be one of the single greatest barriers to live organ donation in NZ,” [Kidney New Zealand chief executive Max] Reid says. “Until now the level of financial assistance (based on the sickness benefit) has been insufficient to cover even an average mortgage repayment, and the process required to access that support both cumbersome and demeaning. The two major changes that this legislation introduces – increasing compensation to 100% of lost income, and transferring responsibility for the management of that financial assistance being moved from WINZ to the Ministry of Health – will unquestionably remove two major disincentives that exist within the current regime.”

The compensation is limited to offsetting lost income and expenses and does not allow full-fledged organ markets. But it is nonetheless a major step towards increasing incentives for organ donation, which could potentially save many lives. New Zealand-based economist Eric Crampton has a more detailed the discussion of the bill and its history here.

The United States would do well to follow New Zealand’s example, and even go further towards full legalization of organ markets. As economist Alex Tabarrok points out, doing so might save thousands of lives every year, and save even more people from having to spend long periods of on kidney dialysis (a debilitating treatment that greatly impairs normal life, and is very costly to boot).

In the past, I have outlined the case for legalizing organ markets in greater detail, and addressed a variety of objections, such as claims that organ markets would unjustly “exploit” the poor, and arguments that they would lead to dangerous “commodification” of the body and ethical corruption. Most recently, I have commented on a letter defending bone marrow markets signed by a cross-ideological group of leading ethicists.

While people can reasonably disagree about how organ markets should be structured and the extent to which they need to be regulated, there is a very strong case for legalizing them in order to save the lives of thousands of innocent people who are otherwise doomed to an early (and often painful) death, and tens of thousands more who must otherwise undergo years of needless suffering. Ultimately, the question is not whether there are objections to organ markets, but whether any of them are weighty enough to justify the infliction of so much death and misery.

Published:12/3/2016 11:03:03 AM
[Science] Supreme Court to hear case on race impact on redistricting

Al Weaver

The Supreme Court will hear two new cases on Monday involving whether race played an outsized role in drawing Congressional districts in two states at the expense of African-Americans.

The Court will hear challenges from black voters in Virginia and North Carolina regarding congressional maps. Published:12/3/2016 11:03:03 AM

[2016 Presidential Election] Recount Follies (John Hinderaker) The Jill Stein/Hillary Clinton recount effort has mostly faded from the headlines, as battles have moved into the courts. A day of recounting in Wisconsin reportedly netted Hillary a single vote. Michigan may or may not begin recounting next week, depending on a court ruling. Pennsylvania appears to be Hillary’s weakest link; Trump’s margin is not narrow enough to trigger an automatic recount, and absent any evidence of fraud or Published:12/3/2016 11:03:02 AM
[marketsNews] India fails to break deadlock on new sales tax NEW DELHI, Dec 3 (Reuters) - Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended...
Published:12/3/2016 11:03:02 AM
[Entertainment and Hobbies] WATCH: How to Properly Sharpen Your Kitchen Knives Keeping your kitchen knives sharp is necessary if you prefer better tasting food, a more enjoyable cooking experience, and a safer kitchen. A properly sharpened knife requires less force to slice or chop food which results in less bruising  or other damage to your ingredients. Herbs will look fresh longer as sharp knives cut through them cleanly ...
Published:12/3/2016 11:03:02 AM
[Media] LOL! Michelle Malkin finds something funny about ‘fake news’ warning coming from THIS outlet

The irony just keeps on coming!

The post LOL! Michelle Malkin finds something funny about ‘fake news’ warning coming from THIS outlet appeared first on

Published:12/3/2016 11:03:02 AM
[storytype:standard] Families and fans heartbroken as Chapecoense players' caskets arrive at stadium Published:12/3/2016 11:03:02 AM
[All Things Libtarded] Days of the Jackal I knew it wouldn’t be long before the jackals began feeding upon the bloated, rotten political corpse of Hillary Clinton. The caption pic shows Senator Kirsten Gillibrand, a long time Clinton acolyte, with the Hildebeest. Kirsten is the junior senator from New York and she seems to be the first to the feast. (If you want to know more about Senator Gillibrand read my earlier missive here at awdude (“Kirsten[Read More...] Published:12/3/2016 11:03:02 AM
[Entertainment] Ansel Elgort & Girlfriend Violetta Komyshan Pack on the PDA at NY Knicks Game Ansel Elgort, Violetta KomyshanSo cute! Ansel Elgort and longtime girlfriend Violetta Komyshan packed on the PDA while sitting courtside at the New York Knicks-Minnesota Timberwolves NBA game at Madison Square Garden...
Published:12/3/2016 11:03:02 AM
[Quick Takes] Deserter Bowe Bergdahl Asks Obama For Pardon He'd certainly never get one from President Trump Published:12/3/2016 11:03:02 AM
[The Blog] If the Michael Slager jury deadlocks it’s bad news for everyone Self-inflicted wounds Published:12/3/2016 11:03:01 AM
[Politics] ‘RIDICULOUS’ to blame sexism or white supremacy for Hillary’s loss – Krauthammer krauthammer

Chuck Krauthammer mocked liberals and the Hillary campaign for blaming “white supremacy” and sexism for Hillary’s loss, saying that it was instead a lack of a coherent message that killed Hillary’s hope. . . .

The post ‘RIDICULOUS’ to blame sexism or white supremacy for Hillary’s loss – Krauthammer appeared first on The Right Scoop.

Published:12/3/2016 11:03:01 AM
[Politics] ‘RIDICULOUS’ to blame sexism or white supremacy for Hillary’s loss – Krauthammer krauthammer

Chuck Krauthammer mocked liberals and the Hillary campaign for blaming “white supremacy” and sexism for Hillary’s loss, saying that it was instead a lack of a coherent message that killed Hillary’s hope. . . .

The post ‘RIDICULOUS’ to blame sexism or white supremacy for Hillary’s loss – Krauthammer appeared first on The Right Scoop.

Published:12/3/2016 11:03:01 AM
[] With Rights Come Responsibilities I have zero f***ing tolerance for pulling a gun due to road rage or Any non life threatening situation, no excuse. I'm completely baffled.— Colion Noir (@MrColionNoir) December 2, 2016 Hard to argue with the man. We've all felt it,... Published:12/3/2016 11:03:01 AM
[Markets] How your 401(k) plan will change in 2017 2017 promises to be a year of change for retirement accounts, including more automation and regulation.
Published:12/3/2016 11:03:01 AM
[Atomic physics] Peak Silver & Continued Supply Deficits Warn Of Future High Prices


By the SRSrocco Report,

If the market has finally experienced a peak in world silver production, this warns of higher prices in the future.  In addition, the global silver market suffered another large net supply deficit in 2016.  These factors point to a big upcoming trend change in the future silver market.

The Silver Institute just published its 2016 Silver Interim Report.  This report is published by Thomson Reuters GFMS.  According to their forecast for 2016, global silver production will decline to 887 million oz (Moz), down from 893 Moz in 2015:

World Silver Production

While forecasted global silver production for 2016 is down only slightly versus last year, GFMS also stated this in their report:

    1) We estimate that mine supply peaked in 2015 and will trend lower in the foreseeable future.
    2) Declining total supply is expected to be a key driver of annual deficits in the silver market going forward.

I will get to the annual silver deficits in a minute, but let's look at their world silver mine supply by region:

World Silver Production by Region

What is interesting here, is that GFMS forecasts the number one silver producer, Mexico, to be down in 2016 by more than 6 Moz.  Last year, I forecasted that global silver production would likely be lower in 2015.  I was going by data by the "World Metals Statistics."  However, Mexico's INEGI (government agency) considerably revised their figures higher for 2015.  While I have seen revisions take place, the revisions by Mexico's INEGI for 2015 were quite substantial.

Regardless, GFMS does a pretty good job with the silver mine supply data.  The important take-away here is that the trend of global silver production will likely be lower going forward.

The Majority Of Global Silver Production Declines Will Come From By-Product Base Mining

The majority of silver production comes from the by-product of base metal mining.  According to GFMS 2016 Silver Interim Report, lead & zinc accounted for 34.4% of silver supply, while copper yielded 22.1%.  Thus, the mining of these three base metals supplied 56.5% of global silver production in 2016.  Primary silver production accounted for 30.4% and gold mining supplied 12.5%:

Silver Production by Metal

As I have mentioned in prior articles, the decline in global oil production will impact base metal mining to a larger degree than primary silver production.  It takes a great deal of liquid fuels to produce the world's base metals.

For example, the Chilean Copper Commission stated in a 2014 report, that the country consumed 535 million gallons of liquid fuel to produce 5.7 million tons of copper.  Thus Chile's copper industry consumed 94 gallons of liquid fuel for each tonne of copper produced.

On the other hand, Pan American Silver burned 20.5 million gallons of liquid fuel to produce their 26.5 million oz of silver in 2015.  Which means, each ounce of silver production took 0.80 gallons of liquid fuel.  If we use Pan American Silver as a guide, then the 269 Moz of primary silver production in 2016 consumed 215 million gallons of liquid fuel.  However, I would imagine the global primary silver production average is much less, more like 0.50 gallon per ounce of silver.  So, we are talking about 135-150 million gallons of liquid fuel to produce all the primary silver in the world.

Now, the world produced a total of 18.4 million tons of copper in 2014.  Taking Chile's average of 94 gallons per tonne of copper produced and providing a conservative estimate of say 75 gallons per tonne for entire globe, then the world consumed roughly 1.4 billion gallons of liquid fuels to produce its copper in 2014.  This is about ten times the amount of fuel it took to produce all the primary silver production.  Of course this is a simple estimate, but there you have it.

Once the world enters into the next financial collapse, U.S. and world oil production will plummet.  This will impact base metal mining a great deal more than primary silver production.  Which means, overall silver production will decline more rapidly due to more than half coming from zinc, lead and copper.

Global Annual Silver Deficits Continue For 13 Consecutive Years

Due to the huge increase in Global Silver ETF demand as well as a large Exchange Inventory build, the silver market will suffer a forecasted 185 Moz annual deficit in 2016.  If we look at the annual silver deficits since 2004, it equals a stunning 1.5 billion ounces:

Silver Annual Deficits

GFMS calculates their "net balance" by subtracting physical demand from supply, then deducted or added changes in Silver ETF and Exchange inventories.  According to their data (as of Sept 2016), Silver ETF's and Exchanges added 133.3 Moz of silver to their inventories.  Furthermore, total physical demand exceeded total supply by 52.2 Moz to arrive at the total 185.5 Moz (rounded to 185 Moz) net deficit.

These annual deficits have been supplemented by silver surpluses of the 1980's and 1990's.  However, annual deficits are forecasted to continue as mine supply continues to decline along with subdued scrap supply.

Why Do These Supply & Demand Factors Matter For the Future Price Of Silver?

Recently I have stated that new information on the Thermodynamic Oil Collapse, based on the Hills Group and Louis Arnoux's work, suggests that supply and demand are not the real factor that determines price, rather it's the cost of production.

However, gold and silver are different from most other metals, commodities and energy.  While silver is consumed more than gold, it still functions as "MONEY" or a "STORE OF VALUE."  Thus, it should be valued differently than copper, wheat or oil.

I don't look at global mine supply or the annual silver deficits as factors that will impact the market price of silver by certain degrees, rather I look at them as a TELLTALE sign that the overall trend is changing, and has been for nearly a decade.  It is the longer term fundamental trend change that interests me, not the year by year supply and demand factors on price.

Currently, the silver price is based on its cost of production (90-95%) plus some supply and demand factors.  While many believe the BIG BANKS can push the price of silver anywhere they see fit, this is pure nonsense.  If the Big banks pushed the price of silver 25-50% below its average primary silver cost of production, traders would come in by the droves.   While traders may be uninterested in long-term fundamentals, they aren't stupid as it pertains to short-term market forces.

That being said, silver's ultimate value is not based on its cost, it will be based on its STORE OF VALUE properties when the MOTHER OF ALL DEFLATIONS finally arrives.  I am talking about deflation of most paper assets (stocks & bonds) and real estate.

Because there is so little real physical silver out in the market, 3-4 billion oz, any significant amount of capital moving into it will push its value to seriously high levels.  This may seem a play on hype, especially for those who are a bit disillusioned by the price smash since the Trump President election.

Unfortunately, for those who continue BELLY-ACHING about low silver prices, there isn't much I can say to change your opinion.  I have come to realize that a significant percentage of silver investors who continue to understand the long-term fundamentals, will never complain about lower prices.  They just suck it up and know that insane Central Bank policies won't last forever.

Unfortunately, the precious metals community also has its group of individuals who will complain when the going gets rough.  This should be expected as this is the typical nature of a FICKLE public.  All slaps on the back when things are good and the first to bad mouth when things turn south.

I get a kick out of the BELLY-ACHERS who seem to forget that the Central Banks have embarked on the most insane monetary policy in history.  They have pushed debt and money supply to an exponential trend.  I find it simply amazing how a disgruntled silver investor points out how wrong the precious metals analysts were on the silver price since 2012, while totally dismissing massive Central Bank monetary invention.

Regardless, peak silver production on top of the continued annual deficits point to a trend that will reach an INFLECTION POINT in the future.  So, here is the BEEF.  If you think exponentially increasing debt and monetary liquidity will continue for the next 5-10 years, then maybe you should stay in Dollars, U.S. Treasuries, Stocks and Real Estate.  However, if you aren't suffering from brain damage as many in the markets are today, you may want to consider staying put in the 2,000+ year monetary history and store of value of silver.

Lastly, if you haven't checked out our new PRECIOUS METALS INVESTING section or our new LOWEST COST PRECIOUS METALS STORAGE page, I highly recommend you do.

Check back for new articles and updates at the SRSrocco Report.

Published:12/3/2016 11:03:00 AM
[World] Snow in Hawaii Mauna Loa Mauna Kea Skiing Surfing Weather

Parts of Hawaii's 'Big Island' may see as much as two feet of snowfall, according to The Weather Channel, but experts say this kind of thing is no rarity.

Published:12/3/2016 9:44:12 AM
[Comedy] nuclear cumsplosion

When you ejaculate so hard it destroys everything in a two mile radius.

"Dude, I had such good sex last night I made a nuclear cumsplosion."

Published:12/3/2016 9:44:03 AM
[Entertainment] quondam: Word of the Day quondam: former; onetime. Published:12/3/2016 9:44:03 AM
[Climate ugliness] “Good Grief”: A Support Group for the Climate Faithful Guest essay by Eric Worrall Political activist Laura Schmidt has created the “Good Grief” support group, to help depressed eco-activists work through their climate grief. Sad about climate change? There’s a support group for that. A new program, reflecting lessons from Alcoholics Anonymous, aims to help people work through their grief about climate change. The… Published:12/3/2016 9:44:02 AM
[PAID] Our Favorite 10 Stock Picks for 2017 Alphabet, Apple, Citigroup, Deutsche Telekom, Disney, Toll Brothers, and Unilever are among the best bets. Published:12/3/2016 9:44:02 AM
[World] Trump speaks directly with Taiwan's leader, irking China BEIJING (AP) — In a break with decadeslong diplomatic tradition, President-elect Donald Trump spoke directly with the president of Taiwan, a move that drew an irritated response from China on Saturday and looked set to cast uncertainty over U.S. policy toward Asia. Published:12/3/2016 9:44:02 AM
[Environment ] Researchers may have found first polluted river from before Bronze Age Industrial pollution may seem like a modern phenomenon, but in fact, an international team of researchers may have discovered what could be the world's first polluted river, contaminated approximately 7,000 years ago. Published:12/3/2016 9:44:02 AM
[SPY] We Are Putting Off The Inevitable Published:12/3/2016 9:44:01 AM
[worldNews] China lodges protest after Trump call with Taiwan president BEIJING/WASHINGTON (Reuters) - China lodged a diplomatic protest on Saturday after U.S. President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move.
Published:12/3/2016 9:44:01 AM
[Science] Space Photos of the Week: Mosey on Down to the Star Bar
Space Photos of the Week: Mosey on Down to the Star Bar
Space photos of the week, November 28 — December 2, 2016. The post Space Photos of the Week: Mosey on Down to the Star Bar appeared first on WIRED.
Published:12/3/2016 9:44:01 AM
[2016 Presidential Election] From the penalty box (Scott Johnson) As he undertook his project of “fundamental transformation,” President Obama took office in 2009 with the side project of beating down FOX News. FOX News disrupted the coordination that the Obama administration otherwise had going with the mainstream media. As White House communications director, Comrade Anita Dunn took charge of the project. FOX News CEO Roger Ailes stood in there, however, and by November 2009, Dunn was gone. Andrea Tantaros Published:12/3/2016 9:44:01 AM
[Hypocrisy] Yes, it’s true… Published:12/3/2016 9:44:01 AM
[Politics] What They Told Us: Reviewing Last Week’s Key Polls

The Donald Trump show has been playing in at least three different cities this past week, while the rest of the nation watches with anticipation.

Published:12/3/2016 9:44:01 AM
[Markets] The Trump rally in the stock market may be turning into a bubble Published:12/3/2016 9:44:00 AM
[Tech] Latest News, this is how the Moto X (2017) might look The roadmap on Motorola 2017 was leaked online. Briefly several new future handsets were mentioned including a variant of the Moto X. Also, a few images of the rumored smartphone have popped up online. Published:12/3/2016 9:44:00 AM
[49db2a69-337b-407b-b313-664ebb397e80] Blake Shelton says relationship with Gwen Stefani has been an 'eye opener' The country crooner gushed over his girlfriend to Ellen DeGeneres..... Published:12/3/2016 9:44:00 AM
[Entertainment] Cheryl Cole and Liam Payne's Relationship Timeline, From X Factor to Expecting Liam Payne, Cheryl Cole Liam Payne and Cheryl Cole have only been a public couple since early 2016, but they've known each other since 2008, pre-One Direction fame for Liam. But now that the couple are...
Published:12/3/2016 9:44:00 AM
[Uncategorized] Patriotism 101 Week in Higher Education Your weekly report on campus news. Published:12/3/2016 9:43:59 AM
[] Saturday Morning Weird News Dump Published:12/3/2016 9:43:59 AM
[World] Here's how Trump can spark an economic boom

Washington Examiner

"The free market has been sorting it out," Vice President-elect Mike Pence said last week, "and America's been losing,"

Pence is a smart conservative, and he knows that the Trump administration will never make America great again with bribes and threats against every company that ponders exporting its jobs over the southern border to Mexico. Published:12/3/2016 9:43:59 AM

[storytype:standard] Vegetarian café refuses to take new £5 note over animal fat row  Published:12/3/2016 9:43:59 AM
[Uncategorized] Hillary’s Hair, Part Two

Nearly a month after Hillary Clinton lost the presidential election, her advisors still refuse to concede that the candidate herself, and her advisors, bear responsibility ...

The post Hillary’s Hair, Part Two appeared first on Commentary Magazine.

Published:12/3/2016 9:43:59 AM
[Column] Why Reed Hastings is the nation’s best chance for curbing the influence of money in politics Reed Hastings Between Netflix, Amazon Prime, Hulu, and good old fashioned DVR, other than senior citizens watching traditional news broadcasts and people watching live sports, tv ads just don’t reach that many voters anymore. Read More
Published:12/3/2016 9:43:59 AM
[PAID] Apple Drops Hints About Working on Self-Driving Cars Apple took its biggest step toward acknowledging it is working on autonomous vehicles, writing a letter to U.S. regulators offering feedback on proposed guidelines for the emerging technology. Published:12/3/2016 9:43:59 AM
[Science] China lodges formal complaint over Trump's Taiwan call

Hoai-Tran Bui

China's foreign ministry has lodged a formal protest over a call between President-elect Trump and Taiwanese President Tsai Ing-wen, urging the U.S. to abide by the "One China" policy.

"We have already made solemn representations about it to the relevant US side. Published:12/3/2016 9:43:59 AM

[Top Picks] Katie Couric would like her Under the Gun lawsuit dismissed Pay up Published:12/3/2016 9:43:58 AM
[News 2016] Uh, What: Liberal Says Ohio State University Cop Rushed To Judgment When He Killed Suspected Terrorist Uh, What: Liberal Says Ohio State University Cop Rushed To Judgment When He Killed Suspected Terrorist: Terrorist Lives Matter. Published:12/3/2016 9:43:58 AM
[Trump, Donald J] Taiwan Call Gives China a Clue on What to Expect From Donald Trump “This is a wake-up call for Beijing,” one Chinese analyst said of Donald J. Trump’s precedent-breaking conversation with the president of Taiwan. Published:12/3/2016 9:43:58 AM
[Politics] Drink Katy Perry’s tasty liberal tears from Hillary’s loss… hillary-clinton-katy-perry

It took weeks for Hillary’s pal Katy Perry to fess up about how the historic loss “triggered” her as a whiny liberal, but wow was the wait worth it!! If you are, . . .

The post Drink Katy Perry’s tasty liberal tears from Hillary’s loss… appeared first on The Right Scoop.

Published:12/3/2016 9:43:58 AM
[Politics] Drink Katy Perry’s tasty liberal tears from Hillary’s loss… hillary-clinton-katy-perry

It took weeks for Hillary’s pal Katy Perry to fess up about how the historic loss “triggered” her as a whiny liberal, but wow was the wait worth it!! If you are, . . .

The post Drink Katy Perry’s tasty liberal tears from Hillary’s loss… appeared first on The Right Scoop.

Published:12/3/2016 9:43:58 AM
[Opinion] Trump Keeps His Promises!!! When Donald Trump was first campaigning a reporter asked him if he could be presidential. His reply was “I’ll be so presidential you’ll want the old Trump back.” He’s certainly showing that now. Critics said he’d never make it to the caucuses and he did. They said he’d never make it through the primaries and ...
Published:12/3/2016 9:43:57 AM
[US Politics] Priorities! Left’s hyperventilating about Trump & Taiwan put into baffling perspective

Summed up hilariously.

The post Priorities! Left’s hyperventilating about Trump & Taiwan put into baffling perspective appeared first on

Published:12/3/2016 9:43:57 AM
[Banking] Deutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit

2016 is shaping up as the year when countless conspiracy theories will be confirmed to be non-conspiracy fact: from central bank rigging of capital markets, to political rigging of elections, to media rigging of public sentiment, and now, commercial bank rigging of silver. In short, tinfoil hat-wearing nutjobs living in their parents basement have been right all along.

In early October, we reported that "In A Major Victory For Gold And Silver Traders, Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed," however one bank was exempt: Deutsche Bank. The reason why was known since April, when we first reported that Deutsche Bank had agreed to settle the class action lawsuit filed in July 2014 accusing a consortium of banks of plotting to manipulate gold and silver. Among the charges that Deutsche Bank effectively refused to contest were the following:

  • employment of a manipulative device claims
  • bid-rigging, and unjust enrichment.
  • price fixing and unlawful restraint
  • price manipulation claims
  • aiding and abetting and principal-agent claims.

An affidavit filed in October shed more light on the settlement process:

The negotiations with Deutsche Bank over the material terms of the Settlement took place over several months starting in December 2015 and continuing until the Deutsche Bank Settlement Agreement was executed on September 6, 2016.


Following initial phone calls with Deutsche Bank’s counsel in December 2015, Lowey and Grant & Eisenhofer engaged in lengthy negotiations with Deutsche Bank’s counsel over the material terms of the settlement, including the amount of the settlement consideration, the scope of the cooperation to be provided by the Deutsche Bank Defendants, the scope of the releases, and the circumstances under which the parties would have the right to terminate the settlement.


During the course of the negotiations, Class Counsel presented what we perceived to be the strengths and weaknesses of the claims and defenses, as well as Deutsche Bank’s litigation exposure.

In February 2016, we reached an agreement with Deutsche Bank on the amount of the settlement, subject to the negotiation of other material terms of the deal. For example, given that this is the first settlement in the case, it was our view that the cooperation provisions of the deal were extremely important to our ability to maximize the overall recovery for the class against the Non-Settling Defendants. The negotiations as to the scope of the cooperation provisions continued for several months.


On April 13, 2016, counsel for Deutsche Bank and Class Counsel signed a Binding Settlement Term Sheet (“Term Sheet”). The Term Sheet set forth the terms on which the parties agreed, subject to the negotiation of a full Settlement Agreement, to settle Plaintiffs’ claims against Deutsche Bank. At the time the Term Sheet was executed, Class Counsel was well-informed about the legal risks, factual uncertainties, potential damages, and other aspects of the strengths and weaknesses of the claims and defenses asserted.


By letter dated April 13, 2016, the Parties reported to the Court via ECF that the Term Sheet had been executed, and advised the Court that the Term Sheet would be superseded by a formal settlement agreement. ECF No. 116.


The parties negotiated the Deutsche Bank Settlement Agreement over the course of the next several months. The negotiations over the terms of the Deutsche Bank Settlement Agreement included  various material terms over which the parties had substantial disagreement, requiring significant give and take on both sides. To that end, drafts of the Deutsche Bank Settlement Agreement went back and forth between the parties, and numerous contested issues were raised, negotiated and resolved, including without limitation, continuing negotiations over the scope of Deutsche Bank’s cooperation (see ¶ 4(A)-(G)), the scope of the releases (see ¶ 12 (A)-(C)), and the circumstances under which the parties could terminate the Settlement (see ¶ 21).


Thus, the Deutsche Bank Settlement Agreement, which was executed (along with the Supplemental Agreement) on September 6, 2016, was the culmination of arm’s-length settlement negotiations that had extended over many months.


The Deutsche Bank Settlement was not the product of collusion. Before any financial numbers were discussed in the settlement negotiations and before any demand or counter-offer was ever made, we were well informed about the legal risks, factual uncertainties, potential damages, and other aspects of the strengths and weaknesses of the claims against Deutsche Bank.


The Deutsche Bank Settlement involves a structure and terms that are common in class action settlements in this District. The consideration that Deutsche Bank has agreed to pay is within the range of that which may be found to be fair, reasonable, and adequate at final approval.

There was just one thing missing: the settlement amount. Then, on October 17, the first part of the answer was revealed when according to court filings, Deutsche Bank had agreed to pay $38 million to settle the silver manipulation litigation. The settlement, which was disclosed in papers filed in Manhattan federal court, concludes one of many recent lawsuits in which investors have accused banks of conspiring to rig the precious metal markets. However, until Deutsche Bank's payment of $38 million to settle silver manipulation allegations, there was never any formal closure.

On Friday, two months after the silver settlement, Deutsche Bank agreed to pay another $60 million to settle the other side of the antitrust litigation: that of rigging the gold market.

As Reuters first reported, the preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge's approval. As part of the settelement, Deutsche Bank has denied any wrongdoing, and with the two settlements, and some $98 million out of pocket, it is clear of any future liability regarding precious metals manipulation.

The case is one of many in the Manhattan court in which investors accused banks of conspiring to rig rates and prices in financial and commodities markets.

As we reported previously, in an Oct. 3 decision, U.S. District Judge Valerie Caproni in Manhattan said investors could pursue much of their lawsuit against the other four banks named in the anti-trust lawsuit which include Barclays, Bank of Nova Scotia, HSBC and Societe Generale.

In October, Vincent Briganti, a lawyer for the investors, said the silver settlement deal provides "substantial monetary compensation plus cooperation from Deutsche Bank in the continued prosecution of this important case against the non-settling defendants." He has yet to comment on the gold settlement.

So who gets to benefit from the settlement? This is what the lawyer said on the silver settlement disclosed in early October:

We have reason to believe that there are at least hundreds of geographically dispersed persons and entities that fall within the Settlement Class definition. The Settlement Class includes traders of COMEX Silver Futures contracts, anyone who traded in physical silver based on the Silver Fix, and traders in various silver derivatives.

The same will likely be applicable to gold traders following Friday's monetary settlement.

The other beneficiary, of course, is the class of investors, people and "conspiracy theorists" who claimed all along that gold and silver were subject to rigging in various forms throughout the years. Well, you were right. However, we wouldn't hold much hope for getting any substantial monetary rewards. By the time the settlement is done, there will likely be at best a few hundred dollars left per claimant.

The good news is that this formal closure will open the door for other, similar lawsuits - for both silver and gold manipulation - now that the seal has been broken.

Published:12/3/2016 9:43:57 AM
[Markets] The Wall Street Journal: China lodges complaint after Trump phone call with Taiwan’s president China said it had lodged a formal complaint with the U.S., and Taiwan urged China to stay calm a day after Donald Trump broke diplomatic protocol by speaking by phone with Taiwan’s leader.
Published:12/3/2016 9:43:57 AM
[Culture & Entertainment] Even Snoop Dogg Is Over Colin Kaepernick's 'Activism'—Tells Him to Pick Football or Revolution "It makes you hypocritical..." Published:12/3/2016 9:43:57 AM
[World] Beer Goggles: Legal marijuana is affecting the beer industry’s memory Big Beer is in trouble, and it’s not because of the legalization of pot, says Jason Notte.
Published:12/3/2016 9:43:56 AM
[Markets] Why Trump gets more hype out of 1,000 jobs than Obama does out of 16 million The economic approaches of the president and the president-elect offer a contrast. Published:12/3/2016 12:18:44 AM
[World] Trump speaks with Taiwanese president, a major break with decades of U.S. policy on China The call is the first known contact between a U.S. president or president-elect with a Taiwanese leader since 1979. Published:12/3/2016 12:18:44 AM
[Politics] Trump, Cabinet could avoid millions in taxes thanks to this little-known law Federal ethics laws would allow top officials to not pay taxes on investment profits. Published:12/3/2016 12:18:44 AM
[PAID] Oorah, General Mattis Trump’s Pentagon pick won’t start a war but he will finish one. Published:12/3/2016 12:18:40 AM
[World] San Bernardino recalls terror attack with silence, speakers SAN BERNARDINO, Calif. (AP) — Exactly a year to the moment that a pair of shooters unleashed a terrorist attack on San Bernardino, a bell rang 14 times Friday at the city's Inland Regional Center in honor of the people who died there. Published:12/3/2016 12:18:40 AM
[Afghanistan] Official Washington's "Info-Wars"

Authored by William Blum, originally posted at,

On November 16, at a State Department press briefing, department spokesperson John Kirby was having one of his frequent adversarial dialogues with Gayane Chichakyan, a reporter for RT (Russia Today); this time concerning U.S. charges of Russia bombing hospitals in Syria and blocking the U.N. from delivering aid to the trapped population.

When Chichakyan asked for some detail about these charges, Kirby replied: “Why don’t you ask your defense ministry?”

GC: Do you – can you give any specific information on when Russia or the Syrian Government blocked the UN from delivering aid? Just any specific information.


KIRBY: There hasn’t been any aid delivered in the last month.


GC: And you believe it was blocked exclusively by Russia and the Syrian Government?


KIRBY: There’s no question in our mind that the obstruction is coming from the regime and from Russia. No question at all.…


MATTHEW LEE (Associated Press): Let me –- hold on, just let me say: Please be careful about saying “your defense minister” and things like that. I mean, she’s a journalist just like the rest of us are, so it’s -– she’s asking pointed questions, but they’re not –


KIRBY: From a state-owned -– from a state-owned –


LEE: But they’re not –


KIRBY: From a state-owned outlet, Matt.


LEE: But they’re not –


KIRBY: From a state-owned outlet that’s not independent.


LEE: The questions that she’s asking are not out of line.


KIRBY: I didn’t say the questions were out of line...


KIRBY: I’m sorry, but I’m not going to put Russia Today on the same level with the rest of you who are representing independent media outlets.

One has to wonder if State Department spokesperson Kirby knows that in 2011 Secretary of State Hillary Clinton, speaking about RT, declared: “The Russians have opened an English-language network. I’ve seen it in a few countries, and it is quite instructive.”

I also wonder how Mr. Kirby deals with reporters from the BBC, a STATE-OWNED television and radio entity in the U.K., broadcasting in the U.S. and all around the world.

Or the state-owned Australian Broadcasting Corporation, described by Wikipedia as follows: “The corporation provides television, radio, online and mobile services throughout metropolitan and regional Australia, as well as overseas… and is well regarded for quality and reliability as well as for offering educational and cultural programming that the commercial sector would be unlikely to supply on its own.”

There’s also Radio Free Europe, Radio Free Asia, Radio Liberty (Central/Eastern Europe), and Radio Marti (Cuba); all (U.S.) state-owned, none “independent”, but all deemed worthy enough by the United States to feed to the world.

And let’s not forget what Americans have at home: PBS (Public Broadcasting Service) and NPR (National Public Radio), which would have a near-impossible time surviving without large federal government grants. How independent does this leave them? Has either broadcaster ever unequivocally opposed a modern American war? There’s good reason NPR has long been known as National Pentagon Radio. But it’s part of American media’s ideology to pretend that it doesn’t have any ideology.

As to the non-state American media … There are about 1,400 daily newspapers in the United States. Can you name a single paper, or a single TV network, that was unequivocally opposed to the American wars carried out against Libya, Iraq, Afghanistan, Yugoslavia, Panama, Grenada, and Vietnam while they were happening, or shortly thereafter? Or even opposed to any two of these seven wars? How about one?

In 1968, six years into the Vietnam War, the Boston Globe (Feb. 18, 1968) surveyed the editorial positions of 39 leading U.S. papers concerning the war and found that “none advocated a pull-out.” Has the phrase “invasion of Vietnam” ever appeared in the U.S. mainstream media?

In 2003, leading cable station MSNBC took the much-admired Phil Donahue off the air because of his opposition to the calls for war in Iraq. Mr. Kirby would undoubtedly call MSNBC “independent.”

If the American mainstream media were officially state-controlled, would they look or sound significantly different when it comes to U.S. foreign policy?

New Cold War Propaganda

On Nov. 25, the Washington Post ran an article entitled: “Research ties ‘fake news’ to Russia.” It’s all about how sources in Russia are flooding American media and the Internet with phony stories designed as “part of a broadly effective strategy of sowing distrust in U.S. democracy and its leaders.”

The Washington Post building in downtown Washington, D.C. (Photo credit: Washington Post)

The Washington Post building in downtown Washington, D.C. (Photo credit: Washington Post)

“The sophistication of the Russian tactics,” the article says, “may complicate efforts by Facebook and Google to crack down on ‘fake news’.”

The Post states that the Russian tactics included “penetrating the computers of election officials in several states and releasing troves of hacked emails that embarrassed Clinton in the final months of her campaign.” (Heretofore this had been credited to Wikileaks.)

The story is simply bursting with anti-Russian references:

  • –An online magazine header – “Trolling for Trump: How Russia Is Trying to Destroy Our Democracy.”
  • –“the startling reach and effectiveness of Russian propaganda campaigns.”
  • –“more than 200 websites as routine peddlers of Russian propaganda during the election season.”
  • –“stories planted or promoted by the disinformation campaign were viewed more than 213 million times.”
  • –“The Russian campaign during this election season … worked by harnessing the online world’s fascination with ‘buzzy’ content that is surprising and emotionally potent, and tracks with popular conspiracy theories about how secret forces dictate world events.”
  • –“Russian-backed phony news to outcompete traditional news organizations for audience”
  • –“They use our technologies and values against us to sow doubt. It’s starting to undermine our democratic system.”
  • –“Russian propaganda operations also worked to promote the ‘Brexit’ departure of Britain from the European Union.”
  • –“Some of these stories originated with RT and Sputnik, state-funded Russian information services that mimic the style and tone of independent news organizations yet sometimes include false and misleading stories in their reports.”
  • –“a variety of other false stories — fake reports of a coup launched at Incirlik Air Base in Turkey and stories about how the United States was going to conduct a military attack and blame it on Russia”

A former U.S. ambassador to Russia, Michael McFaul, is quoted saying he was “struck by the overt support that Sputnik expressed for Trump during the campaign, even using the #CrookedHillary hashtag pushed by the candidate.” McFaul said Russian propaganda typically is aimed at weakening opponents and critics.

“They don’t try to win the argument. It’s to make everything seem relative. It’s kind of an appeal to cynicism.” [Cynicism? Heavens! What will those Moscow fascists/communists think of next?]

The Post did, however, include the following: “RT disputed the findings of the researchers in an e-mail on Friday, saying it played no role in producing or amplifying any fake news stories related to the U.S. election.” RT was quoted: “It is the height of irony that an article about ‘fake news’ is built on false, unsubstantiated claims. RT adamantly rejects any and all claims and insinuations that the network has originated even a single ‘fake story’ related to the US election.”

It must be noted that the Washington Post article fails to provide a single example showing how the actual facts of a specific news event were rewritten or distorted by a Russian agency to produce a news event with a contrary political message.

What then lies behind such blatant anti-Russian propaganda? In the new Cold War such a question requires no answer. The new Cold War by definition exists to discredit Russia simply because it stands in the way of American world domination. In the new Cold War, the political spectrum in the mainstream media runs the gamut from A to B.

Published:12/3/2016 12:18:39 AM
[Nation] Fox News Throws Heavy Shade at POTUS After He Blames Network for Democrat's Collapse "8 years later...still giving Mr. Obama the blues?" Published:12/3/2016 12:18:39 AM
[Liberal Idiots] I Support Keith Ellison’s Bid to Become DNC Chair, and So Should You It’s been hard to not enjoy the meltdown from the Radical Leftists that have taken over the Democratic Party since the presidential election. One of the slightly lesser seen stories has been the efforts of Keith Ellison (D – Find Another State) to become the chair of the DNC. If you’re not familiar, he is not... Read more » Published:12/3/2016 12:18:39 AM
[Barack Obama] The MSM talking points about the transfer from Obama to Trump have obviously been distributed A sudden boom in "Trump inherits Obama's economic boom" stories. Published:12/3/2016 12:18:39 AM
[US Politics] BACKFIRE alert! Bill de Blasio’s threat to GOP about Planned Parenthood ‘went horribly wrong’

He's SO helpful!

The post BACKFIRE alert! Bill de Blasio’s threat to GOP about Planned Parenthood ‘went horribly wrong’ appeared first on

Published:12/3/2016 12:18:39 AM
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