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[worldNews] Australia sees rush of Hong Kong millionaires amid unrest Australia is seeing an increase in interest in its millionaires-only visa program from wealthy Hong Kong residents who are eyeing a safety net amid political turmoil in the Chinese-ruled territory, migration lawyers told Reuters.
Published:8/22/2019 1:58:49 AM
[Markets] Germany Threatens Refugee Status Of Migrants Who Take Syria Vacations

Migrants in Germany who return to Syria for holidays may lose their refugee status, according to German Interior Minister Horst Seehofer. 

"If somebody, a Syrian refugee, regularly takes holidays in Syria, he cannot honestly claim to be persecuted in Syria," Seehofer told Bild am Sonntag weekly, adding "We would strip him of his refugee status.

If German officials learn that a migrant is on holiday in the nation they claim to have fled, a probe will be launched into their refugee status, Seehofer added. 

German officials are currently unable to deport people to Syria as the Middle Eastern country is considered unsafe. The ban is set to expire at the end of 2019, although there is an option to prolong it.

Talking to the Sunday edition of the mass-circulation Bild newspaper, Seehofer said German authorities were closely monitoring the situation in Syria.

"When the conditions allow, we will conduct deportations," he said. -DW

Seehofer has repeatedly clashed with German Chancellor Angela Merkel over her far more liberal refugee policy. Some 780,000 Syrians have migrated to Germany in recent years amid the fallout from the Syrian civil war which began in 2011. Hundreds of thousands of people have lost their lives in the conflict which is still active in the northwest Syrian region of Idlib province. 

 

Published:8/22/2019 1:58:49 AM
[World] Deep Dive: 25 dividend stocks selected for value by an outperforming money manager John Buckingham of The Prudent Speculator provides a special screen of dividend stocks for MarketWatch readers.
Published:8/22/2019 1:58:49 AM
[worldNews] Facebook shuts dozens of Myanmar social media accounts over 'inauthentic behavior' Facebook Inc said on Thursday it had shut 216 social media pages, groups and accounts in Myanmar, some tied to the army, to stymie efforts to "manipulate or corrupt public debate".
Published:8/22/2019 1:28:33 AM
[b8db374e-e36f-5bd5-a713-76cfdca61a0c] Spicer hits back at critics protesting his casting on 'Dancing With the Stars' Former White House Press Secretary Sean Spicer shot back at critics protesting his selection for the new season of “Dancing With the Stars" Wednesday.  Published:8/22/2019 1:28:33 AM
[topics:places/new-york-city] Pictures of the Day: 22 August 2019 Published:8/22/2019 1:01:49 AM
[worldNews] Ocean Viking rescue ship awaits port access in latest migrant standoff Two charities running rescue missions in the Mediterranean Sea have said Italy has ignored requests to allow their ship to bring 356 migrants ashore, exposing Europe's latest failure to deal with African migration.
Published:8/22/2019 1:01:49 AM
[Markets] Forget Gun Control: Knife Crime Is Plaguing U.K. (But You Can't Notice Who's Responsible!)

Authored by John Derbyshire via VDare.com,

Race-denialism is all over the Western world - the notion that race itself is a sort of optical illusion; that different races can, after a bit of social engineering, be brought to present the same statistical profiles on all traits; that when they present different profiles the only possible explanation is malice on the part of white people; these are the great dogmas of our age [Antiracism, Our Flawed New Religionby John McWhorter, Daily Beast, March 14,2017 ] carved on stone slabs and worshipfully preserved in the temples of our culture. Here's a cute example: the epidemic of knife crime that has been plaguing Britain for several years past.

Guns are hard to get in Britain (although not that hard). So the more commonplace types of lethal interpersonal violence - notably underclass gang warfare - are stabbings with knives.

Where the soundtrack to a warm night in ChicagoBaltimore, or Detroitfeatures gunshots, the corresponding audio for LondonBirmingham, or Manchester is of metal blades penetrating human flesh.

This is quite a new thing. Yes, yes, I know about Jack the Ripper. Statistically, though - culturally - knife crime has not been a British thing.

Growing up working-class British in the years before mass immigration, I absorbed the idea that fighting with knives was sneaky and unmanly.

Knife crime was practised only by lurking weaselly types from the outer fringes of the civilized world. Englishmen fought with their fists, Irishmenwith the stout blackthorn, the Welsh and Scottish … I forget, but it wasn't knives.

In the mid-1960s, when I lived in London and got my first real encounterswith multiculturalism, knife crime was associated with Cypriots.

I don't know why this was so and have never tried to check the historical statistics. But it was an article of faith with Londoners back then that it was wise not to tick off a Cypriot (which mainly, in this context at that time, meant a Greek Cypriot) unless you wanted to feel a blade sliding between your ribs.

The native British seem to have maintained their prejudice against knife fighting down to the present day. But black and Muslim immigrants have taken up knives with enthusiasm. A high proportion of the names of knife-crime perps are Muslim; and on the rare occasions the media offer a picture of a perp, it is much more often than not a black guy.

Man found guilty of murdering passenger on Surrey train

Darren Pencille killed Lee Pomeroy in front of his son during row about aisle blocking

by  Aamna Mohdin, Guardian, July 12, 2019

So Britain's knife-crime epidemic is mainly a black and Muslim thing, one of the consequences of unrestrained mass Third World immigration.

To notice this is of course very strictly taboo. That's the background to this latest story from the Sceptered Isle: Chicken Takeaway Boxes Warn Young People Of Knife Crime Danger, BBC, August 15, 2019.

What's happened is this: the British government has a campaign going on to discourage young people from carrying knives. They're promoting this campaign via public-service announcements on Twitter with #KnifeFree.

Well, a company that provides packaging for fast-food outlets has signed up to help with this campaign. The nature of their help: they have distributed boxes to fried chicken outlets—the boxes your take-out food comes packed in—carrying messages from the government campaign against knives.

Did you get that? To fried chicken outlets! Is that racist, or what?

It's racist! Don't take my word for it: here is an accredited authority, black Member of Parliament David Lammy, who bears an uncanny resemblance to the late Idi Amin of Uganda [Clipthe Idi Amin song]

Sorry, sorry, that just lurched into my mind there. Where was I? Oh yes, David Lammy. Tweet from him, tweet:

Since this news story comes from the sober, professional, magisterial BBC, you might think they'd offer some balancing numbers to prove that blacks are not especially prominent in the knife-crime statistics.

I mean, you might think that... if you've been in a deep coma for the past thirty years.

To be perfectly fair, the BBC story is not totally numbers-free. Four hundred words into the story we do get this, quote:

Recent figures showed most perpetrators of knife crime were over the age of 18.

That little nugget of irrelevant information came with a link to a BBC story from last month, headline: "Ten Charts On The Rise Of Knife Crime In England And Wales."

None of the ten charts deals with race or ethnicity. But the accompanying text between Chart Four and Chart Five does let slip the following factlet:

The figures also show 25% of victims were black - the highest proportion since data was first collected in 1997.

Since only three percent of Britain's population is black, that's a massive over-representation - a multiple of more than eight.

Ah, but those are victims, you see - probably innocent black bodies, very likely carrying bags of Skittles, stabbed by hate-filled white supremacists filled with hateful hate.

That must be it.

Conclusion: In the 2005 movie Deuce Bigalow: European Gigolo, Rob Schneider, who is, duh, white plays the title character; Eddie Griffin, who is black, plays his buddy T.J. Hicks. T.J.is on the run in Amsterdam. Deuce finds him in a chicken-and-waffles joint.

Clip:

Deuce: T.J., Thank God you're here.

T.J.: How d'you find me?

Deuce: It's the only chicken and waffles place in all of Holland.

T.J.: So a black man's gotta be at a chicken and waffles place. That's racist!

Deuce: But you are here.

T.J.: Yeah, but figuring it out is racist.

*  *  *

John Derbyshire writes an incredible amount on all sorts of subjects for all kinds of outlets. (This no longer includes National Review, whose editors had some kind of tantrum and fired him.) He is the author of We Are Doomed: Reclaiming Conservative Pessimism and several other booksHe has had two books published by VDARE.com com: FROM THE DISSIDENT RIGHT(also available in Kindle) and FROM THE DISSIDENT RIGHT II: ESSAYS 2013.

Published:8/22/2019 1:01:49 AM
[worldNews] French yellow vests join global activists at G7 counter-summit Anti-globalization and climate activists have teamed up with yellow vest protesters and Basque nationalists ahead of a G7 meeting in France this weekend to confront a rich-poor divide they say is growing due to the "cynicism" of world leaders.
Published:8/22/2019 12:28:10 AM
[worldNews] South Korea says U.S., North Korea will restart dialogue 'soon' The United States and North Korea are expected to reopen denuclearization talks soon and it would "go well," a senior South Korean official said on Thursday, boosting hopes for progress in negotiations after a prolonged stalemate.
Published:8/21/2019 11:57:33 PM
[bd810083-beb7-51e4-a430-6c1da774e1a2] Judge Andrew Napolitano: Trump wants to give government permanent authority to spy on everyone in America The Trump administration has quietly moved to extend the government’s authority to spy on all persons in America. Published:8/21/2019 11:57:33 PM
[Politics] Elizabeth Warren talks plans and pennies at Los Angeles town hall

Democratic presidential candidate Sen. Elizabeth Warren got a robust reception in the cavernous Shrine Expo Hall on the USC campus on Wednesday.

Published:8/21/2019 11:57:33 PM
[World] Texas Republicans facing a challenge in 2020

Every two years, Democrats and reporters talk about Texas turning blue. Indeed, Texas is the great blue hope for Democrats.

In 2018, Democrats made significant gains in Texas. This was caused by a killer combination: U.S. Senate candidate Beto O'Rourke raised and spent a record $80 million, which benefited Democrats ... Published:8/21/2019 11:29:52 PM

[worldNews] North Korea says U.S. cruise missile test, military moves 'dangerous,' still committed to dialogue: KCNA A North Korean spokesman said on Thursday the United States' recent mid-range cruise missile test and plans to deploy F-35 jets and offensive military equipment around the Korean peninsula were "dangerous" moves that would "trigger a new cold war" in the region.
Published:8/21/2019 11:29:52 PM
[Politics] Washington Gov. Jay Inslee drops out of 2020 presidential race

Inslee announced his decision Wednesday night on MSNBC, saying it's become clear he won't win. He did not say whether he intended to seek a third term as governor.

Published:8/21/2019 10:58:19 PM
[23333f8b-5dfc-5e1d-9dc8-c7a450910eac] Once upon a time in fatherhood: Tarantino to become a dad Quentin Tarantino is going to be telling a whole new brand of "Once upon a time" tale — the bedtime-story kind. Published:8/21/2019 10:58:18 PM
[Markets] American Apocalypse: The Government's Plot To Destabilize The Nation Is Working

Authored by John Whitehead via The Rutherford Institute,

“The most dangerous man to any government is the man who is able to think things out ... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” - H. L. Mencken

The U.S. government is working hard to destabilize the nation.

No, this is not another conspiracy theory.

Although it is certainly not far-fetched to suggest that the government might be engaged in nefarious activities that run counter to the best interests of the American people, doing so will likely brand me a domestic terrorist under the FBI’s new classification system.

Observe for yourself what is happening right before our eyes.

Domestic terrorism fueled by government entrapment schemes. Civil unrest stoked to dangerous levels by polarizing political rhetoric. A growing intolerance for dissent that challenges the government’s power grabs. Police brutality tacitly encouraged by the executive branch, conveniently overlooked by the legislatures, and granted qualified immunity by the courts. A weakening economy exacerbated by government schemes that favor none but a select few. An overt embrace of domestic surveillance tactics if Congress goes along with the Trump Administration’s request to permanently re-authorize the NSA’s de-activated call records program. Heightened foreign tensions and blowback due to the military industrial complex’s profit-driven quest to police and occupy the globe.

The seeds of chaos are being sown, and it’s the U.S. government that will reap the harvest.

Mark my words, there’s trouble brewing.

Better yet, take a look at “Megacities: Urban Future, the Emerging Complexity,” a Pentagon training video created by the Army for U.S. Special Operations Command.

The training video is only five minutes long, but it says a lot about the government’s mindset, the way its views the citizenry, and the so-called “problems” that the government must be prepared to address in the near future through the use of martial law.

Even more troubling, however, is what this military video doesn’t say about the Constitution, about the rights of the citizenry, and about the dangers of locking down the nation and using the military to address political and social problems.

The training video anticipates that all hell will break loose by 2030—that’s barely ten short years away—but the future is here ahead of schedule.

We’re already witnessing a breakdown of society on virtually every front.

By waging endless wars abroad, by bringing the instruments of war home, by transforming police into extensions of the military, by turning a free society into a suspect society, by treating American citizens like enemy combatants, by discouraging and criminalizing a free exchange of ideas, by making violence its calling card through SWAT team raids and militarized police, by fomenting division and strife among the citizenry, by acclimating the citizenry to the sights and sounds of war, and by generally making peaceful revolution all but impossible, the government has engineered an environment in which domestic violence is becoming almost inevitable.

The danger signs are screaming out a message:

The government is anticipating trouble (read: civil unrest), which is code for anything that challenges the government’s authority, wealth and power.

According to the Pentagon training video created by the Army for U.S. Special Operations Command, the U.S. government is grooming its armed forces to solve future domestic political and social problems.

What they’re really talking about is martial law, packaged as a well-meaning and overriding concern for the nation’s security.

The chilling five-minute training video, obtained by The Intercept through a FOIA request and made available online, paints an ominous picture of the future—a future the military is preparing for—bedeviled by “criminal networks,” “substandard infrastructure,” “religious and ethnic tensions,” “impoverishment, slums,” “open landfills, over-burdened sewers,” a “growing mass of unemployed,” and an urban landscape in which the prosperous economic elite must be protected from the impoverishment of the have nots.

And then comes the kicker.

Three-and-a-half minutes into the Pentagon’s dystopian vision of “a world of Robert Kaplan-esque urban hellscapes — brutal and anarchic supercities filled with gangs of youth-gone-wild, a restive underclass, criminal syndicates, and bands of malicious hackers,” the ominous voice of the narrator speaks of a need to “drain the swamps.”

Drain the swamps.

Surely, we’ve heard that phrase before?

Ah yes.

Emblazoned on t-shirts and signs, shouted at rallies, and used as a rallying cry among Trump supporters, “drain the swamp” became one of Donald Trump’s most-used campaign slogans.

Far from draining the politically corrupt swamps of Washington DC of lobbyists and special interest groups, however, the Trump Administration has further mired us in a sweltering bog of corruption and self-serving tactics.

Funny how the more things change, the more they stay the same.

Now the government has adopted its own plans for swamp-draining, only it wants to use the military to drain the swamps of futuristic urban American cities of “noncombatants and engage the remaining adversaries in high intensity conflict within.”

And who are these noncombatants, a military term that refers to civilians who are not engaged in fighting?

They are, according to the Pentagon, “adversaries.”

They are “threats.”

They are the “enemy.”

They are people who don’t support the government, people who live in fast-growing urban communities, people who may be less well-off economically than the government and corporate elite, people who engage in protests, people who are unemployed, people who engage in crime (in keeping with the government’s fast-growing, overly broad definition of what constitutes a crime).

In other words, in the eyes of the U.S. military, noncombatants are American citizens a.k.a. domestic extremists a.k.a. enemy combatants who must be identified, targeted, detained, contained and, if necessary, eliminated.

In the future imagined by the Pentagon, any walls and prisons that are built will be used to protect the societal elite—the haves—from the have-nots.

If you haven’t figured it out already, we the people are the have-nots.

Suddenly it all begins to make sense.

The events of recent years: the invasive surveillance, the extremism reports, the civil unrest, the protests, the shootings, the bombings, the military exercises and active shooter drills, the color-coded alerts and threat assessments, the fusion centers, the transformation of local police into extensions of the military, the distribution of military equipment and weapons to local police forces, the government databases containing the names of dissidents and potential troublemakers.

The government is systematically locking down the nation and shifting us into martial law.

This is how you prepare a populace to accept a police state willingly, even gratefully.

You don’t scare them by making dramatic changes. Rather, you acclimate them slowly to their prison walls.

Persuade the citizenry that their prison walls are merely intended to keep them safe and danger out. Desensitize them to violence, acclimate them to a military presence in their communities, and persuade them that there is nothing they can do to alter the seemingly hopeless trajectory of the nation.

Before long, no one will even notice the floundering economy, the blowback arising from military occupations abroad, the police shootings, the nation’s deteriorating infrastructure and all of the other mounting concerns.

It’s happening already.

The sight of police clad in body armor and gas masks, wielding semiautomatic rifles and escorting an armored vehicle through a crowded street, a scene likened to “a military patrol through a hostile city,” no longer causes alarm among the general populace.

Few seem to care about the government’s endless wars abroad that leave communities shattered, families devastated and our national security at greater risk of blowback.

The Deep State’s tactics are working.

We’ve allowed ourselves to be acclimated to the occasional lockdown of government buildings, Jade Helmmilitary drills in small towns so that special operations forces can get “realistic military training” in “hostile” territory, and  Live Active Shooter Drill training exercises, carried out at schools, in shopping malls, and on public transit, which can and do fool law enforcement officials, students, teachers and bystanders into thinking it’s a real crisis.

Still, you can’t say we weren’t warned about the government’s nefarious schemes to lock down the nation.

Back in 2008, an Army War College report revealed that “widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.” The 44-page report went on to warn that potential causes for such civil unrest could include another terrorist attack, “unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters.”

In 2009, reports by the Department of Homeland Security surfaced that labelled right-wing and left-wing activists and military veterans as extremists (a.k.a. terrorists) and called on the government to subject such targeted individuals to full-fledged pre-crime surveillance. Almost a decade later, after spending billions to fight terrorism, the DHS concluded that the greater threat is not ISIS but domestic right-wing extremism.

Meanwhile, the government has been amassing an arsenal of military weapons for use domestically and equipping and training their “troops” for war. Even government agencies with largely administrative functions such as the Food and Drug Administration, Department of Veterans Affairs, and the Smithsonian have been acquiring body armor, riot helmets and shields, cannon launchers and police firearms and ammunition. In fact, there are now at least 120,000 armed federal agents carrying such weapons who possess the power to arrest.

Rounding out this profit-driven campaign to turn American citizens into enemy combatants (and America into a battlefield) is a technology sector that has been colluding with the government to create a Big Brother that is all-knowing, all-seeing and inescapable. It’s not just the drones, fusion centers, license plate readers, stingray devices and the NSA that you have to worry about. You’re also being tracked by the black boxes in your cars, your cell phone, smart devices in your home, grocery loyalty cards, social media accounts, credit cards, streaming services such as Netflix, Amazon, and e-book reader accounts.

All of this has taken place right under our noses, funded with our taxpayer dollars and carried out in broad daylight without so much as a general outcry from the citizenry.

And then you have the government’s Machiavellian schemes for unleashing all manner of dangers on an unsuspecting populace, then demanding additional powers in order to protect “we the people” from the threats.

Seriously, think about it.

The government claims to be protecting us from cyberterrorism, but who is the biggest black market buyer and stockpiler of cyberweapons (weaponized malware that can be used to hack into computer systems, spy on citizens, and destabilize vast computer networks)? The U.S. government.

The government claims to be protecting us from weapons of mass destruction, but what country has one the deadliest arsenals of weapons of mass destruction and has a history of using them on the rest of the world? The U.S. government. Indeed, which country has a history of secretly testing out dangerous weapons and technologies on its own citizens? The U.S. government.

The government claims to be protecting us from foreign armed threats, but who is the largest weapons manufacturer and exporter in the world, such that they are literally arming the world? The U.S. government. For that matter, where did ISIS get many of their deadliest weapons, including assault rifles and tanks to anti-missile defenses? From the U.S. government.

The government claims to be protecting the world from the menace of foreign strongmen, but how did Saddam Hussein build Iraq’s massive arsenal of tanks, planes, missiles, and chemical weapons during the 1980s? With help from the U.S. government. And who gave Osama bin Laden and al-Qaida “access to a fortune in covert funding and top-level combat weaponry”? The U.S. government.

The government claims to be protecting us from terrorist plots, but what country has a pattern and practice of entrapment that involves targeting vulnerable individuals, feeding them with the propaganda, know-how and weapons intended to turn them into terrorists, and then arresting them as part of an elaborately orchestrated counterterrorism sting? The U.S. government.

For that matter, the government claims to be protecting us from nuclear threats, but which is the only country to ever use a nuclear weapon in wartime? The United States.

Are you getting the picture yet?

The U.S. government isn’t protecting us from terrorism.

The U.S. government is creating the terror. It is, in fact, the source of the terror.

Just think about it for a minute: Cyberwarfare. Terrorism. Bio-chemical attacks. The nuclear arms race. Surveillance. The drug wars.

Almost every national security threat that the government has claimed greater powers in order to fight—all the while undermining the liberties of the American citizenry—has been manufactured in one way or another by the government.

Did I say Machiavellian? This is downright evil.

We’re not dealing with a government that exists to serve its people, protect their liberties and ensure their happiness. Rather, these are the diabolical machinations of a make-works program carried out on an epic scale whose only purpose is to keep the powers-that-be permanently (and profitably) employed.

It’s time to wake up and stop being deceived by government propaganda.

Mind you, by “government,” I’m not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats.

I’m referring to “government” with a capital “G,” the entrenched Deep State that is unaffected by elections, unaltered by populist movements, and has set itself beyond the reach of the law.

I’m referring to the corporatized, militarized, entrenched bureaucracy that is fully operational and staffed by unelected officials who are, in essence, running the country and calling the shots in Washington DC, no matter who sits in the White House.

Be warned: in the future envisioned by the government, we will not be viewed as Republicans or Democrats. Rather, “we the people” will be enemies of the state.

For years, the government has been warning against the dangers of domestic terrorism, erecting surveillance systems to monitor its own citizens, creating classification systems to label any viewpoints that challenge the status quo as extremist, and training law enforcement agencies to equate anyone possessing anti-government views as a domestic terrorist.

What the government failed to explain was that the domestic terrorists would be of the government’s own making, and that “we the people” would become enemy #1.

As I make clear in my book, Battlefield America: The War on the American People, we’re already enemies of the state.

You want to change things? Start by rejecting the political labels and the polarizing rhetoric and the “us vs. them” tactics that reduce the mass power of the populace to puny, powerless factions.

Find common ground with your fellow citizens and push back against the government’s brutality, inhumanity, greed, corruption and power grabs.

Be dangerous in the best way possible: by thinking for yourself, by refusing to be silenced, by choosing sensible solutions over political expediency and bureaucracy.

When all is said and done, the solution to what ails this country is really not that complicated: decency, compassion, common sense, generosity balanced by fiscal responsibility, fairness, a commitment to freedom principles, and a firm rejection of the craven, partisan politics of the Beltway elites who have laid the groundwork for the government’s authoritarian coup d’etat.

Let the revolution begin.

Published:8/21/2019 10:58:18 PM
[Markets] Asia Markets: Asian markets mixed on weak Japan manufacturing data Asian markets were mixed in early trading Thursday, following gains on Wall Street.
Published:8/21/2019 10:58:18 PM
[worldNews] Canada's Trudeau says won't back down in dispute with China, urges restraint in Hong Kong Canadian Prime Minister Justin Trudeau said on Wednesday he would not escalate a deepening trade and diplomatic dispute with China but added that his government had no intention of backing down as it defended its interests.
Published:8/21/2019 10:58:18 PM
[The Blog] Trump vs. the Squad: “The Simpsons” edition

West Wing story.

The post Trump vs. the Squad: “The Simpsons” edition appeared first on Hot Air.

Published:8/21/2019 10:27:53 PM
[Markets] The Margin: Apple’s titanium credit card comes with surprisingly strict care instructions Most people don’t care if their credit card gets a scratch or a scuff, as long as they can still buy things with it. But the sleek new titanium Apple Card may change that.
Published:8/21/2019 10:27:53 PM
[worldNews] Banks in Hong Kong condemn violence, urge restoration of 'harmony' Some of Hong Kong's biggest banks published full-page newspaper advertisements on Thursday calling for the preservation of law and order in the Chinese territory and condemning violence, as weeks of pro-democracy protests show no sign of abating.
Published:8/21/2019 10:27:53 PM
[Markets] Delivery Robots Set To Invade College Campuses This Fall

Starship Technologies, an autonomous delivery company, focused on last-mile delivery services, announced Tuesday via a company press release, that it will launch delivery robots on 100 university campuses across the US in the next 24 months.

The announcement said the delivery robots have already arrived at the University of Pittsburgh in Pennsylvania, in preparation for the fall semester. Purdue University in West Lafayette, Indiana, will receive robots on Sept. 9 and an additional 98 university campuses by late 2H21.

"An entire generation of university students are growing up in a world where they expect to receive a delivery from a robot after a few taps on their smartphone. The reception to our service both on campuses and in neighborhoods has been phenomenal. Our customers appreciate how we make their lives easier and give them back the gift of time," said Lex Bayer, CEO of Starship.

In the coming weeks, students at the University of Pittsburgh will be able to order their favorite food and drinks from Einstein Bros. Bagels and Common Grounds via delivery robots to any set location they want, in the proximity of the campus. Students, according to the release, can use their meal plan points to pay for food and delivery charges.

Not too long ago, Starship started a pilot delivery program at George Mason University (Fairfax, VA) and Northern Arizona University (Flagstaff, AZ). Since the tests, students at both campuses have fallen in love with the robots. The company said they had to increase robots in both schools to stay with demand.

When the expansion to all 100 campuses by 2H21 is completed, the company expects to have the delivery service readily available to more than one million students.

The Starship app is a revolutionary way of last-mile delivery; students must first download the app on iOS and Android before they can place an order.

Once their meal plan, credit card, or their parents' credit card is connected to the account, students can select their favorite food or drink items, then drop a pin on a map of where they want the robot to drop off the goods. As per the release, delivery charges could cost around $1.99, depends on several factors, including distance and how busy the service is at the time.

Starship robots use sensors, artificial intelligence, and machine learning to navigate sidewalks and avoid obstacles. These last-mile robots can cross streets, climb curbs, avoid potholes, travel in most weather conditions, and even at night.

The company claims since the robots are battery-powered, it can reduce pollution. As we've pointed out in the past, numerous studies have concluded that electric cars and or e-scooters are dirtier for the environment than most think.

Nevertheless, the automation of last-mile deliveries is another warning that robots will displace millions of jobs by 2030.

Published:8/21/2019 10:27:53 PM
[Politics] WATCH: Christian preacher interrupts Drag Queen Story Time, drops some TRUTH on parents and children! I don’t know where this occurred but it’s pretty awesome. A street preacher named Dorre Love interrupts a drag queen story time to tell them the truth that they need to hear: . . . Published:8/21/2019 9:56:34 PM
[Politics] WATCH: Christian preacher interrupts Drag Queen Story Time, drops some TRUTH on parents and children! I don’t know where this occurred (UPDATE: I think it might be in Ottawa) but it’s pretty awesome. A street preacher named Dorre Love interrupts a drag queen story time to tell . . . Published:8/21/2019 9:56:34 PM
[Entertainment] Beth Chapman's Daughter Says She ''Choked on Her Cancer'' in Her Harrowing Final Moments Beth Chapman, Bonnie Chapman, Duane ChapmanThe Chapman family is still reeling from the loss of their beloved matriarch, Beth Chapman. Nearly two months after Dog the Bounty Hunter lost his wife to cancer, the couple's...
Published:8/21/2019 9:56:34 PM
[Markets] Endgame Near: Syrian Army Liberates Khan Sheikhoun, Site Of Claimed 'Sarin Attack'

"It's looking like the end game for the revolution in Syria as rebels lose another town," reports the LA Times. Yet the Syrian Army has now gained control of not just any town  but Khan Sheikhoun — site of the April 2017 claimed "Assad chemical attack" which Trump used as a pretext to bomb Syria for the first time

Starting Tuesday the AP reported that insurgents began abandoning the town in southern Idlib en masse amid a heavy pro-Assad forces onslaught. The city had first been wrested from government control by Jabhat al-Nusra (Syrian al-Qaeda) and FSA forces starting in 2014. 

It's been held since by current Nusra manifestation Hayat Tahrir al-Sham (HTS), which in April 2017 claimed to have been victim of a sarin gas attack by Syrian jet airstrikes. In response to claims which until this day have never been investigated by an official international team on the ground, the White House unleashed its first, limited bombing campaign of Syria.

In April 2017 international media was flooded with images and YouTube videos of a claimed "Sarin attack". Al-Qaeda linked HTS then sent its own team to examine the impact site and gather evidence. 

This would lead to larger tomahawk strikes on Damascus the next year in 2018 after a Saudi-backed insurgent group claimed an Assad forces chlorine gas attack in Douma, outside the capital. 

This week even the Associated Press seemed to finally acknowledge what the mainstream media has for years refused to admit — that the Syrian Army is advancing in Idlib on none other than al-Qaeda:

Hayat Tahrir al-Sham, Syria’s main al-Qaida-linked faction, said in a statement that its fighters carried out “a re-deployment,” withdrawing to areas south of the town of Khan Sheikhoun. From there, they would continue to defend the territory, it said.

Pro-government areas are celebrating the liberation of the key city, with President Bashar al-Assad releasing a statement saying, “The victories that were achieved show the determination of the people and the army to strike terrorists, until all parts of Syria are liberated,” according to comments released by his office.

The Syrian Army celebrating entrance into the newly liberated area, via Al-Masdar News.

Concerning the broader campaign to take back Idlib province, it must be remembered that in 2015 US intelligence directly assisted the al-Qaeda coalition Army of Islam (now morphed into Hayat Tahrir al-Sham) from an "operations room" in Turkey in capturing the provincial capital Idlib City. Since then Washington has threatened to intervene at prior moments whenever it looked like the Syrian Army was ready to advance in the province.

There's also a huge likelihood that as anti-Assad fighters get ever closer to their final defeat in Idlib, some kind of mass casualty "chemical event" perpetrated by Assad will be claimed by al-Qaeda linked forces as a provocation to again draw in Western military intervention. 

Published:8/21/2019 9:56:34 PM
[Politics] Gov. Inslee Drops Out Of Presidential Race

Washington state Gov. Jay Inslee (D.) announced he's dropping out of the presidential race during an appearance on The Rachel Maddow Show on MSNBC Wednesday night.

The post Gov. Inslee Drops Out Of Presidential Race appeared first on Washington Free Beacon.

Published:8/21/2019 9:27:05 PM
[Entertainment] Julia Louis-Dreyfus Will Probably Cry If Veep Wins At the Emmys Again Veep, Julia Louis-DreyfusThe series finale of Veep may have come and gone, but the journey for the cast isn't over yet. The show is nominated for nine Emmys this year, including outstanding comedy series,...
Published:8/21/2019 9:27:05 PM
[Politics] Washington Governor Jay Inslee ends long-shot bid for president Democratic presidential hopeful Jay Inslee announced Wednesday night that he’s dropping out of the race. The Washington governor first shared the news on “The Rachel Maddow Show” telling the MSNBC host, “It’s become clear that I’m not gonna be carrying the ball, I’m not gonna be the president.” Maddow pushed Inslee on his future political... Published:8/21/2019 9:27:05 PM
[271ab227-5892-5d9f-9760-d86eaccde484] Taylor Swift says she 'absolutely' plans to re-record her songs It appears Taylor Swift plans to re-record her songs after her masters were purchased by music manager Scooter Braun. Published:8/21/2019 9:27:05 PM
[262e9a19-49d6-587a-be22-eb9b3fa790c9] Richard Manning: Trump should seek a payroll tax cut – Here’s why The benefits of a payroll tax cut stimulating our economy and strengthening the president's hand in international negotiations outweigh its costs. Published:8/21/2019 9:08:28 PM
[Politics] BREAKING REPORT: Trump is about to get a new primary challenger! It’s being reported in the NY Times that Trump is about to get a new primary challenger, who could announce as soon as this weekend: Joe Walsh, a conservative radio show host . . . Published:8/21/2019 9:08:28 PM
[Politics] BREAKING REPORT: Trump is about to get a new primary challenger! It’s being reported in the NY Times that Trump is about to get a new primary challenger, who could announce as soon as this weekend: Joe Walsh, a conservative radio show host . . . Published:8/21/2019 9:08:28 PM
[worldNews] Trump calls Danish PM's rebuff of Greenland idea 'nasty' as trip cancellation stuns Danes President Donald Trump declared Danish Prime Minister Mette Frederiksen's dismissal of his idea to buy Greenland "nasty" and an affront to the United States on Wednesday, a day after shocking Danes by canceling a Copenhagen visit over the rebuff.
Published:8/21/2019 9:08:28 PM
[Liberals] Is Snopes a Satire Site? (John Hinderaker) The Babylon Bee, which describes itself as “Christian news satire,” has been engaged in a running battle with Snopes.com, a liberal “fact check” site that serves mostly as a mouthpiece for the left. Snopes has repeatedly undertaken, with a straight face, to “fact check” Babylon Bee stories that are obviously humorous. This has given rise to considerable ridicule, but some suspect that Snopes has a more sinister purpose in mind: Published:8/21/2019 9:08:28 PM
[bc7f333e-0c09-5055-9fc2-470da849086b] Dave Chappelle to host free Dayton block party after mass shooting Comedian Dave Chappelle will host a free block party for the people of Dayton, Ohio, on Saturday, less than three weeks after a mass shooting killed nine people. Published:8/21/2019 9:08:28 PM
[The Blog] Report: Scaramucci hosted Trump Jr at a dinner to promote his business just two weeks before breaking with POTUS

"You don't go from offering to host fundraisers to 'this guy has gotta go' in 10 days."

The post Report: Scaramucci hosted Trump Jr at a dinner to promote his business just two weeks before breaking with POTUS appeared first on Hot Air.

Published:8/21/2019 9:08:28 PM
[Markets] Wall Street-Area Apartments Plagued With Tidal Wave Of Supply

Apartments in the Wall Street area languished into late summer as a glut plagues the Manhattan real estate market, reported Bloomberg.

"There was so much new development in that neighborhood, and I think that many of the people who wanted to buy there did," said Steven Gottlieb, a broker at Warburg Realty. "I don't know that there is such a huge a demand for that neighborhood anymore."

Lower Manhattan apartment inventory spiked 24% in 2Q19 YoY, led by a tidal wave of new supply, according to a report by Corcoran Group.

The supply has caused panic in the area, average resale prices have fallen 11%, and average new development prices plunged 46%.

The days of $1,600 per square foot are over. This was the first time that has happened since 2013, signaling the slowdown in the overall Manhattan real estate market is gaining momentum in 2H19.

"Buyers are keenly aware of the amount of inventory available, and want to negotiate at all price points," said Garrett Derderian at the brokerage Core.

StreetEasy says data from May and June shows the median time that Lower Manhattan apartments had been on the market was longer than Brooklyn and Long Island City.

Four new luxury residential towers are expected to open in Lower Manhattan in 2020, including residential towers at 130 William St., 77 Greenwich St., 25 Park Row, and 1 Wall St. The new supply won't just make it harder for existing listings to sell, but could lead to further price declines for the next several years.

The Real Deal reported that developer Metro Loft is in contract to purchase AIG's headquarters at 175 Water St in 2021. As soon as that happens, the developer will transform the top half of the building into residential units, could add to supply in 2022 to 2024.

Martin Eiden, a broker at Compass Real Estate, said it'd been at least a decade since conversions of office-to-residence projects were done, and it now seems like that trend is reemerging into 2020.

Bloomberg notes one of the first office-to-residence conversions in the area was at 15 Broad St., the former headquarters of JPMorgan Chase & Co., was completed in 2006. A 28th-floor studio with two bathrooms currently lists for about $1.5 million.

Down the street, 25 Broad St., a condo conversion completed in April, has two-bedroom, two-bath unit listed for about $1.6 million.

With the migration of some of the largest financial institutions from Lower Manhattan to Midtown in recent years, the highest paid jobs have also gravitated north, forcing developers to build smaller apartments for entry-level analysts in the financial district.

"The majority of housing stock available for purchase consists of one-bedroom or studio floorplans," said broker Gill Chowdhury at Warburg Realty.

Scott Avram, senior vice president of development at Lightstone Group, a developer in the area, said singles or young families could find Lower Manhattan appealing because of the housing glut, has transformed it into a buyers market.

"If you want to live in Manhattan, you can often get the best product and the best value, whereas people were previously priced out of Manhattan and had to move to Brooklyn and Long Island City," Avram said.

However, the housing decline isn't just limited to Lower Manhattan, mega-mansions in the Hamptons, Wall Street's favorite party spot, are also languishing, indicating the high-end market has peaked. And it makes sense why President Trump is demanding 100bps cuts and QE-4, it's because his economic advisors have told him the real estate market, and the overall economy, are quickly slowing ahead of an election year.

Published:8/21/2019 9:08:28 PM
[] Wednesday Overnight Open Thread (8/21/19) Published:8/21/2019 9:08:28 PM
[World] Don’t Kill the Umps! If baseball wants to replace an institution with a robot, then the fans need to take their bats up and revolt. Published:8/21/2019 9:08:28 PM
[Politics] Continetti: Trump Administration’s Immigration Rule ‘Rectifies’ Problems Of Flores Agreement

Washington Free Beacon editor-in-chief Matthew Continetti defended the Trump administration's move to end the Flores Settlement Agreement during an appearance on Fox News' Special Report Wednesday evening.

The post Continetti: Trump Administration’s Immigration Rule ‘Rectifies’ Problems Of Flores Agreement appeared first on Washington Free Beacon.

Published:8/21/2019 8:26:29 PM
[Entertainment] Kim Kardashian Shares First Family Photo With All 4 Kids and Jokes It Was Nearly ''Impossible'' to Do Kim Kardashian, Chicago West, North West, True Thompson, Birthday There's nothing quite like a Kardashian family vacation, and Kim Kardashian's latest photos are proof. The KKW Beauty founder took to Instagram on Wednesday to post about her...
Published:8/21/2019 8:26:28 PM
[Syndicated Posts] President Donald Trump’s Schedule for Thursday, August 22, 2019

By R. Mitchell -

President Donald Trump will receive his daily briefing as prepared by the intelligence community then present the Presidential Medal of Freedom to Robert Cousy. Keep up with Trump on CDN’s President’s Schedule Page. President Trump’s schedule for 8/22/19 All Times EDT 11:4 AM Receive intelligence briefing – Oval Office 4:30 PM ...

President Donald Trump’s Schedule for Thursday, August 22, 2019 is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:8/21/2019 8:26:28 PM
[Markets] 4 Compelling Reasons To Be Thinking About Gold

Authored by Simon Black via SovereignMan.com,

From time to time it’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective.

The last few weeks has been nothing short of incredible... so many important things happening that have never happened before ever. Let’s take a step back together:

1) $50 billion to “elevate your consciousness”

As we discussed on Monday, WeWork filed its formal IPO paperwork in the United States last week, indicating that the company will be worth nearly $50 BILLION when it goes public.

WeWork has never turned a profit. It doesn’t expect to turn a profit. It doesn’t have a plan to turn a profit. And it claims its mission is to ‘elevate the world’s consciousness’.

WeWork owns no real estate. It has almost no assets. In fact, WeWork’s primary asset is the office space it currently leases (i.e. does not own).

And to be fair, they’re leasing a LOT of space. WeWork hopes to eventually lease 40 million square feet of office space.

But at $50 BILLION, investors are essentially paying $1,250 for each square foot of office space that WeWork is LEASING.

That’s almost as expensive as what it costs to BUY in New York City.

Talk about overpaying.

Then there’s are the ridiculous shenanigans of WeWork’s co-founder/CEO Adam Neumann, who has a history of unethical behavior.

Neumann charged his own company nearly $6 million for the “We” trademark earlier this year. He borrowed money from the company to buy real estate that he immediately leased back to WeWork.

And now he’s selling shares in this IPO to investors which have dramatically diminished voting rights… further cementing his power over the company.

So not only are investors dramatically overpaying for a company that has very few assets and burns cash with no end in sight, but they’re willingly giving up control to someone who has a history of enriching himself at their expense.

2) Yikes! Interest rates

But perhaps even more insane than WeWork (if that’s even possible) is what’s happening with interest rates.

Last week the yield on the 30-year US Treasury Bond hit an ALL-TIME LOW, breaking below 2% for the first time ever.

In other words, investors have essentially agreed to loan money to the US federal government for THREE DECADES at less than 2% per year.

That’s pure madness. That rate doesn’t even keep up with inflation… let alone take into consideration that the US government is totally insolvent.

But if you think that’s bad, Germany’s 30-year bond is presently at MINUS 0.12%! In fact, there is not a single German government bond that has a yield above zero right now.

(According to the Financial Times, there’s more than $15 TRILLION worth of bonds in the world right now that have negative yields!)

And next door in Austria, the government has issued a 100-year bond that yields just 1.1%.

100 years! Just think of everything that could happen over that period of time. It was barely a century ago, in fact, that the Austro-Hungarian Empire collapsed after World War I and the Austrian republic even came into existence!

And then of course there was the great hyperinflation of the 1920s, the German invasion of 1938, etc.

But I’m sure the next 100 years will be all rainbows and buttercups… more than justifying a 1.1% annualized return that doesn’t even keep up with inflation.

3) Stock market jitters

 The past few weeks have seen the US stock market swooning, down 400 points, up 500 points, down 800 points. These are pretty wild swings, suggesting that investors are extremely uncertain and struggling to find anywhere sensible to put their money.

4) The Federal Reserve is extremely aggressive

 It’s remarkable that the Federal Reserve (along with most of the world’s central bankers) is cutting interest rates.

By most measurements, the US economy is overheating. Unemployment is at a historic low. Yet the Fed is CUTTING interest rates (which are already WAY below historic averages).

Central banks typically only cut rates in a time of economic weakness, or rising unemployment. Cutting rates during ‘good times’ is incredibly unusual.

This leads me to gold...

None of this is supposed to be happening.

Investors aren’t supposed to overpay for shares of a real estate company that doesn’t actually own any real estate.

They’re not supposed to suffer NEGATIVE interest rates… or record low yields on long-term bonds.

The market isn’t supposed to constantly bounce around like a pinball. The Fed isn’t supposed to be aggressively slashing interest rates when the unemployment rate is near a record low.

The general theme here is chaos and uncertainty. The system is clearly broken. Again, none of this is supposed to be happening.

And that’s what makes gold such a sensible asset to own right now.

Gold is an asset with a 5,000+ year history of value and marketability. But it’s especially valuable in times of chaos and uncertainty.

I’ve been writing about this for quite some time, arguing back in December and January that it was a great time to buy gold.

Gold prices are up 20% since then. But they could still have more room to rise. (And silver could rise a LOT more.)

Stocks are still hovering near all-time highs. Bonds are at all-time highs. Property prices are near all-time highs.

Nearly every major asset class is near an all-time high. But not gold. Gold is still 30% from its all-time high. And silver would need to more than double to reach its all-time high.

Nothing goes up or down in a straight line... and gold has been rising for months. So it’s possible there may be a correction on the way.

But longer term, if this insanity, chaos, and uncertainty continue, gold is poised to do very well.

Published:8/21/2019 8:26:28 PM
[worldNews] Russian chess legend Anatoly Karpov unable to get U.S. visa, friend says Russian chess grandmaster Anatoly Karpov has been unable for several months to obtain a visa to travel to the United States, his friend, the owner of a chess academy in New York who invited him to teach a summer camp there, said on Wednesday.
Published:8/21/2019 8:26:28 PM
[Politics] San Fran City Govt’s Response to Rising Crime Rate: Change ‘Convicted Felon’ to ‘Justice-Involved Person’

The San Francisco Board of Supervisors proposed new language guidelines to re-shape the way people talk about those in the crime industry. Words such as "felon," "offender," and "convict" would be replaced by "person first" terminology. Under the proposal, a convicted criminal would be referred to as a "formerly incarcerated person," or "justice-involved individual," or even a "returning resident."

The post San Fran City Govt’s Response to Rising Crime Rate: Change ‘Convicted Felon’ to ‘Justice-Involved Person’ appeared first on Washington Free Beacon.

Published:8/21/2019 7:57:37 PM
[Climate] Forbes Toes the Line on Climate (John Hinderaker) This story is a few days old, but worth noting nevertheless. This account is from the Science and Environmental Policy Project’s The Week That Was: Solar physicist Nir Shaviv reluctantly granted science journalist Doron Levin an interview, although Shaviv was skeptical that it would be published. A similar interview to a reporter for Bloomberg was reject by its editorial board. Leven assured Shaviv that Forbes would publish the interview online. Published:8/21/2019 7:57:37 PM
[Uncategorized] Rashida Tlaib *forgot* to mention Palestinian Suicide Bombers in teary statement about checkpoints The security barrier and checkpoints were a response to relentless Palestinian terror attacks. Published:8/21/2019 7:57:37 PM
[Politics] WATCH: Ms. Nevada has been stripped of her crown and she says it’s because she supports Trump! Ms. Nevada, who was set to compete in the Ms. America pageant, has been stripped of her crown and told she would not be allowed to compete for Ms. America. Katie Williams . . . Published:8/21/2019 7:57:37 PM
[Politics] WATCH: Ms. Nevada has been stripped of her crown and she says it’s because she supports Trump! Ms. Nevada, who was set to compete in the Ms. America pageant, has been stripped of her crown and told she would not be allowed to compete for Ms. America. Katie Williams . . . Published:8/21/2019 7:57:37 PM
[worldNews] Russia, China seek U.N. Security Council meeting on U.S. missile developments Russia and China have asked the United Nations Security Council to meet on Thursday over "statements by U.S. officials on their plans to develop and deploy medium-range missiles," according to the request seen by Reuters.
Published:8/21/2019 7:57:37 PM
[f33532e9-9529-543d-ae90-943a721d66de] Jana Duggar accused by social media users of Photoshopping skirts onto women in Instagram photo Jana Duggar has found herself under fire.  Published:8/21/2019 7:57:37 PM
[Markets] A Record 21,380 People Just Passed The CFA Level 3 Examination

The CFA examination is known for being notoriously difficult, which traditionally has contributed to the poor pass rate for the examination. But that wasn’t the case this past June, according to Bloomberg.

The CFA Institute is going to be adding a record 21,380 new chartered financial analysts after a robust 56% of test takers passed the third and final level of the examination this summer. Pass rates for the exams are often under the 50% level.

However, the pass rate for the third level of the exam this year was unchanged year-over-year and compares to 41% who passed the first level of the exam and 44% who passed the second part of the exam, according to the CFA Institute.



The institute offered additional insights on its most recent examination.

For instance, women now account for more than 39% of CFA candidates and some markets, like the UK and Australia, have reached gender parity for the first part of the exam. The number of females taking the examination has more than doubled over the last five years.

Part of the reason for the record numbers is also because the institute has expanded the number of test centers that offer the exam, adding sites and places like Cambodia and Myanmar. The exam was offered at 343 test centers in 192 cities this past summer and the new CFAs will add to the ranks of 167,000 who already carry the charter.

The CFA Institute will offer computer-based testing for candidates starting in 2021, which will allow candidates to choose their own exam date within new test taking windows.

Published:8/21/2019 7:57:36 PM
[Entertainment] Angelina Jolie is every mom when dropping son Maddox off at South Korean college Angelina Jolie tried to hold back her emotions while dropping off her eldest son, Maddox, at Yonsei University International Campus in South Korea.
      
Published:8/21/2019 7:27:08 PM
[The Blog] A “stunning failure”: At least eight prison officials were told never to leave Epstein alone in his cell

Oops.

The post A “stunning failure”: At least eight prison officials were told never to leave Epstein alone in his cell appeared first on Hot Air.

Published:8/21/2019 7:27:08 PM
[Entertainment] Bethenny Frankel Wants Us All To Reach For Our Dreams in Wake of RHONY Exit Real Housewives of New York, RHONY, ReunionIt's really, actually true: Bethenny Frankel really is leaving The Real Housewives of New York. After news broke of her exit from the Bravo reality show, the star wrote us all an...
Published:8/21/2019 7:27:08 PM
[Security] Trump Weighs Designating Antifa as ‘Terrorist Organization’

President Donald Trump said Wednesday he was considering designating masked Antifa militants as a terrorist organization because of the group’s violent actions across the country.  “We’re... Read More

The post Trump Weighs Designating Antifa as ‘Terrorist Organization’ appeared first on The Daily Signal.

Published:8/21/2019 7:27:08 PM
[worldNews] Argentine presidential front-runner seeks alternatives to austerity: advisers Economic advisers to Argentina's presidential front-runner and opposition leader Alberto Fernandez said he would seek alternatives to the current administration's austerity measures in a meeting with the new Treasury Minister on Wednesday.
Published:8/21/2019 7:27:08 PM
[TC] ThredUp, whose second-hand goods will start appearing at Macy’s and JCPenney, just raised a bundle ThredUp, the 10-year-old fashion resale marketplace, has a lot of big news to boast about lately. For starters, the company just closed on $100 million in fresh funding from an investor syndicate that includes Park West Asset Management, Irving Investors and earlier backers Goldman Sachs Investment Partners, Upfront Ventures, Highland Capital Partners and Redpoint Ventures. […] Published:8/21/2019 7:27:08 PM
[Markets] The Real Reasons Why The Media Is Suddenly Admitting To The Recession Threat

Authored by Brandon Smith via Alt-Market.com,

One thing that is important to understand about the mainstream media is that they do tell the truth on occasion. However, the truths they admit to are almost always wrapped in lies or told to the public far too late to make the information useful.   Dissecting mainstream media information and sifting out the truth from the propaganda is really the bulk of what the alternative media does (or should be doing).  In the past couple of weeks I have received a rush of emails asking about the sudden flood of recession and economic crash talk in the media.  Does this abrupt 180 degree turn by the MSM (and global banks) on the economy warrant concern?  Yes, it does.

The first inclination of a portion of the liberty movement will be to assume that mainstream reports of imminent economic crisis are merely an attempt to tarnish the image of the Trump Administration, and that the talk of recession is "overblown".  This is partially true; Trump is meant to act as scapegoat, but this is not the big picture.  The fact is, the pattern the media is following today matches almost exactly with the pattern they followed leading up to the credit crash of 2008.  Make no mistake, a financial crash is indeed happening RIGHT NOW, just as it did after media warnings in 2007/2008, and the reasons why the MSM is admitting to it today are calculated.

Before we get to that, we should examine how the media reacted during the lead up to the crash of 2008.

Multiple mainstream outlets ignored all the crash signals in 2005 and 2006 despite ample warnings from alternative economists. In fact, they mostly laughed at the prospect of the biggest bull market in the history of stocks and housing (at that time) actually collapsing. Then abruptly the media and the globalist institutions that dictate how the news is disseminated shifted position and started talking about “recession” and “crash potential”. From the New York Times to The Telegraph to Reuters and others, as well as the IMF, BIS and Federal Reserve officials – Everyone suddenly started agreeing with alternative economists without actually deferring to them or giving them any credit for making the correct financial calls.

In 2007/2008, the discussion revolved around derivatives, a subject just complicated enough to confuse the majority of people and cause them to be disinterested in the root trigger for the economic crisis, which was central bankers creating and deflating bubbles through policy engineering. Instead, the public just wanted to know how the crash was going to be fixed. Yes, some blame went to the banking system, but almost no one at the top was punished (only one banker in the US actually faced fraud charges). Ultimately, the crisis was pinned on a “perfect storm” of coincidences, and the central banks were applauded for their “swift action” in using stimulus and QE to save us all from a depression level event. The bankers were being referred to as “heroes”.

Of course, central bank culpability was later explored, and Alan Greenspan even admitted partial responsibility, saying the Fed knew there was a bubble, but was "not aware" of how dangerous it really was. This was a lie. According to Fed minutes from 2004, Greenspan sought to silence any dissent on the housing bubble issue, saying that it would stir up debate on a process that “only the Fed understood”. Meaning, there was indeed discussion on housing and credit warning signs, but Greenspan snuffed it out to prevent the public from hearing about it.

Today we have a very similar dynamic.

Use of the “R word” in the mainstream media and among central banks has been strictly contained for the past several years.  In the October 2012 Fed minutes, Jerome Powell specifically warned of what would happen if the Federal Reserve tightened liquidity and raised interest rates into economic weakness.  He warned that this would have negative effects on the stimulus addicted investment environment that the central bank had fostered.  This discussion was held back from the public until only a year-and-a-half ago.  As soon as Powell became chairman, he implemented those exact actions.

Only in the past year has talk of recession begun to break out, and only in the past couple of weeks have outlets become aggressive in pushing the notion that a financial crash is just around the corner. The reality is that if one removes the illusory support of central bank stimulus, our economy never left the "Great Recession" of 2008.  Signals of renewed sharp declines in economic fundamentals have been visible since before the 2016 elections.  Alarms have been blaring on housing, auto markets, manufacturing, freight and shipping, historic debt levels, the yield curve, etc. since at least winter of last year, just as the Fed raised rates to their neutral rate of inflation and increased asset cuts from the balance sheet to between $30 billion to $50 billion or more per month.

The media should have been reporting on economic crisis dangers for the past 2-3 years.  But, they didn't give these problems much credence until recently.  So, what changed?

I can only theorize on why the media and the banking elites choose the timing they do to admit to the public what is about to happen. First, it is clear from their efforts to stifle free discussion that they do not want to let the populace know too far ahead of time that a crash is coming. According to the evidence, which I have outlined in-depth in previous articles, central banks and international banks sometimes engineer crash events in order to consolidate wealth and centralize their political power even further. Is it a conspiracy? Yes, it is, and it's a provable one.

When they do finally release the facts, or allow their puppet media outlets to report on the facts, it seems that they allow for around 6-8 months of warning time before economic shock events occur. In the case of the current crash in fundamentals (and eventually stocks), the time may be shorter. Why? Because this time the banks and the media have a scapegoat in the form of Donald Trump, and by extension, they have a scapegoat in the form of conservatives, populists, and sovereignty activists.

The vast majority of articles flowing through mainstream news feeds on economic recession refer directly to Trump, his supporters and the trade war as the primary villains behind the downturn. The warnings from the Fed, the BIS and the IMF insinuate the same accusation.

Anyone who has read my work for the past few years knows I have been warning about Trump as a false prophet for the liberty movement and conservatives in general. And everyone knows my primary concern has been that the globalists will crash the Everything Bubble on Trump's watch, and then blame all conservatives for the consequences.

To be clear, Trump is not the cause of the Everything Bubble, nor is he the cause of its current implosion. No president has the power to trigger a collapse of this magnitude, only central banks have that power. When Trump argues that the Fed is causing a downturn, he is telling the truth, but when he claims that recession fears are exaggerated, or "inappropriate", he is lying.   What he is not telling the public is that his job is to HELP the Fed in this process of controlled economic demolition.

Admissions of crisis in the media are coinciding directly with Trump's policy actions. In other words, Trump is providing perfect cover for the central banks to crash the economy without receiving any of the blame. Trump's insistence on taking full credit for the bubble in stock markets as well as fraudulent GDP and employment numbers, after specifically warning about all of these things during his election campaign, has now tied the economy like a noose around the necks of conservatives. The tone of warning in the media indicates to me that the banking elites are about to tighten that noose.

Another factor on our timeline beyond Trump's helpful geopolitical distractions is the possibility of a 'No-Deal' Brexit in October.  I continue to believe this outcome (or something very similar) has been pushed into inevitability by former Prime Minister Theresa May and EU globalists, and that it will be used as yet another scapegoat for the now accelerating crash in the EU.  With Germany on the verge of admitting recession, Deutsche Bank on the edge of insolvency, Italy nearing political and financial crisis, etc., it is only a matter of months before Europe sees its own "Lehman moment".  The Brexit is, in my view, a marker for a timeline on when the crash will hit its stride.

To summarize, the mainstream media and global banking institutions have two goals in informing the public about recession right now :

  1. They are seeking to cover their own asses when the next shoe drops so they can say they "tried to warn us", and...

  2. ...they are conditioning a majority of the public to automatically blame conservatives and sovereignty proponents when the consequences hit them without mercy.

As the truth of a recession smacks the public in the face, the media will likely pull back slightly, just as they did in 2008, and suggest that the downturn is "temporary".  They will claim it's "not a repeat of the credit crisis", or that it will "subside after Trump is out of office".  These will all be lies designed to keep the public complacent even as the house of cards collapses around them.  The fact is, the hard data shows that economic conditions in the US and in most of the world are far more unstable than they were in 2008.  We are not looking at the crash of a credit bubble, we are looking at the crash of the 'Everything Bubble'.

The pace of the narrative is quickening, and I would suggest that a collapse of the bubble will move rather quickly, perhaps in the next four to six months. If it does, then it is likely that Trump is not slated for a second term as president in 2020. Trump's highly divisive support for “Red Flag” gun laws, a move that will lose him considerable support among pro-gun conservatives, also indicates to me that it is likely he is not meant to be president in 2020.  This is another sign that a massive downturn is closing in.

As events are unfolding right now, it appears that Trump has served his purpose for the globalists and is slated to be replaced next year; probably by an extreme far-left Democrat.  There are only a couple of scenarios I can imagine in which Trump remains in office, one of them being a major war which might require him to retain the presidency so the globalists can finish out a regime change agenda in nations like Iran or Venezuela.  This could, however, be pursued under a Democrat president almost as easily as long as Trump and his elitist cabinet lay the groundwork beforehand.  As in 2007/2008, it is unlikely that the mainstream would admit to a downturn that is not coming soon. Using the behavior of the media and of banking institutions as a guide, we can predict with some measure of certainty a crisis within the economy in the near term. Clearly, a major breakdown is slated to take place before the election of 2020, if not much sooner.

*  *  *

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Published:8/21/2019 7:27:08 PM
[US News] On Day 1, President Bernie Sanders will undo everything Trump’s done to demonize and harm immigrants

Why wait until Day 1 to work on overhauling the immigration system when he's a senator today?

The post On Day 1, President Bernie Sanders will undo everything Trump’s done to demonize and harm immigrants appeared first on twitchy.com.

Published:8/21/2019 7:05:17 PM
[9df1ef1b-0446-5243-9cec-8fe0aafa2f85] Gutfeld on buying Greenland Trump has turned his presidency into his dream job. It's a talk show on wheels. And he's done it without having to spring for the budget, plus he lives in his own green room. Published:8/21/2019 7:05:17 PM
[Opinion] Mueller Report And Trump Put Obama’s Legacy On The Line

By Jim Clayton -

Barack Obama inflicted all sorts of damage on America during his eight years in office. As we well know  Barack Obama began an unrelenting assault on police from his earliest days in office starting with the Cambridge police saying they acted stupidly to embracing Black Lives Matter, the Ferguson, Mo, ...

Mueller Report And Trump Put Obama’s Legacy On The Line is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:8/21/2019 7:05:16 PM
[Politics] Gov. Gavin Newsom's first pet? An otter, he tells 2nd-graders in Paradise, Calif.

Gov. Gavin Newsom visited Paradise Ridge Elementary School on Wednesday and told a second-grade class about Potter, his first pet.

Published:8/21/2019 7:05:16 PM
[Politics] NY Times: Giuliani 'Pretty Confident' of Ukraine Probe Pushing Ukraine to investigate 2016 election meddling and potential Biden family business conflicts, President Donald Trump personal attorney Rudy Giuliani, acting as a private citizen, is "pretty confident" an investigation will proceed, The New York Times... Published:8/21/2019 7:05:16 PM
[Markets] More Americans Live Alone Than Ever Before

Submitted by Nicholas Colas of DataTrek

More Americans live alone than ever before, some 28% of the population. They actually outnumbers households with 4+ people and demographic trends point to even more single-person households over the next decade. This is one of those long-term secular trends that should be part of every investor’s checklist when considering the merits of a company’s product/service offering.

First, a brief overview of the data (graph below):

  • As of 2018, 28.0% of Americans lived alone. The raw numbers: 35.7 million single-person households and 127.6 million total households.
  • That percentage has been rising steadily for +50 years.
  • In 1960, for example, only 13.1% of Americans lived alone. If you walked into a random American house back then, you were 3x more likely to see 4 or more residents. Now, the odds favor meeting only one inhabitant.
  • The crossover point between single-person households and 4-or-more was 1998.
  • The trend to more Americans living alone rather than in a “traditional” 2-adults, 2-or-more kids household is the central reason the number of people/household has declined from 3.3 in 1960 to 2.5 today.

Why is this happening?

  • Greater female labor force participation, which allows women the choice of living alone, is one factor. LFP for this cohort went from 38% in 1960 to 60% in 2000 and is at 57% today.
  • Lower birthrates is another, with the US going from 3.7/woman in 1960 to 1.8 today.
  • An aging population is the last variable, since men typically die 5 years earlier than women. Data from other aging populations such as Europe (33% 1-person households) and Japan (35%) show where the US statistics will likely go in coming years.

Why does this matter from an investment perspective?

  • The US consumer is the backbone of the domestic economy, and the growing percentage of 1-person households is theoretically a secular positive. Single person households do not typically share durable goods like motor vehicles, major appliances, rent/mortgage or even smaller items like media subscriptions. They therefore will tend to consume more than a multiple-person household.
  • The offsetting problem: since America’s growing single-person household percentage is partly due to an aging population, consumption will be lower than if this was all due to millennials living alone.

Bottom line: the growth of single-person US households is one of those big macro trends that should filter its way into considering what sorts of companies will prosper in the next decade. Just ask yourself “would a person living alone buy X, subscribe to Y, or use Z’s services?” If the answer is a resounding “yes”, that’s a good start.

Sources:

CME FedWatch (odds of rate cuts): https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

US Census (Households by size): https://www.census.gov/data/tables/time-series/demo/families/households.html

Published:8/21/2019 7:05:16 PM
[Entertainment] Why Vanderpump Rules' Jax Taylor Is at Odds With Tom Schwartz and Ariana Madix Jax Taylor, Ariana Madix, Tom SandovalLisa Vanderpump's family of SUR-vers is struggling to keep their close bond intact. Now that production has officially wrapped on Season 8 of Vanderpump Rules, sources are sharing...
Published:8/21/2019 7:05:16 PM
[worldNews] Tourism to Cuba plunges after Trump's tightening of travel ban: data Tourist arrivals to Cuba plunged 23.6% on the year in July, official data showed on Wednesday, confirming the blow dealt to the sector by the Trump administration's tightening of U.S. restrictions on travel to the Caribbean island.
Published:8/21/2019 7:05:16 PM
[] Open Thread Nikki Haley rebuts the alleged "rumors" that Trump will pick her to replace Pence as VP:... Published:8/21/2019 7:05:16 PM
[World] An Iranian tanker and international tensions

Six weeks ago, Britain sent 30 Royal Marines from 42 Commando to board and impound the Iranian Grace 1 oil tanker, which then changed its name to the Adrian Darya 1 before being released, but that is not the only mystery surrounding this operation. 

The Gibraltar authorities had sent a ... Published:8/21/2019 6:27:04 PM

[Politics] Electoral college members not bound by popular vote, court rules

Electoral college members can vote for the presidential candidate of their choice and aren't bound by the popular vote in their states, a U.S. appeals court in Denver ruled.

Published:8/21/2019 6:27:04 PM
[topics:organisations/nhs] Two million Britons are taking seven different prescription drugs  Published:8/21/2019 6:27:04 PM
[Politics] Fredo Cuomo FREAKS OUT over Trump not aging This is got to be one of the most ridiculous segments I’ve ever Fredo Cuomo do on CNN. I means seriously, it’s unbelievable: All because Trump made a one-off comment that nothing . . . Published:8/21/2019 6:27:04 PM
[Politics] Fredo Cuomo FREAKS OUT over Trump not aging This is got to be one of the most ridiculous segments I’ve ever Fredo Cuomo do on CNN. I means seriously, it’s unbelievable: All because Trump made a one-off comment that nothing . . . Published:8/21/2019 6:27:04 PM
[Uncategorized] Parkland Students Roll Out Gun Control Proposal in the Hopes of Energizing the Youth Vote Ahead of 2020 Sad. Gross. Misguided.  Published:8/21/2019 6:27:04 PM
[worldNews] Frontline view: Making the case for violence in Hong Kong protests Pun sees himself as a peaceful, middle-class Hong Kong student. Yet since the beginning of June, he has been building barricades and throwing bricks at police, risking his own liberty to fight, as he sees it, for the city's freedoms.
Published:8/21/2019 6:27:03 PM
[Entertainment] TV's Top Leading Man 2019: Vote in the Final 4 TV's Top Leading ManAnd here we are at the final four. After days and days and hours of voting, we're now down to four men from four different shows, all ready to battle it out for a spot in the final...
Published:8/21/2019 6:27:03 PM
[The Blog] Venezuelans turn to US dollars and gold as the value of Bolivars continues to drop

"thanks to hyperinflation, citizens throw out worthless bolivars"

The post Venezuelans turn to US dollars and gold as the value of Bolivars continues to drop appeared first on Hot Air.

Published:8/21/2019 6:27:03 PM
[In The News] DeVos: No Surprise That ‘Families Want More Control’ Over Children’s Education

By Mary Margaret Olohan -

Betsy DeVos addresses department of education 02-08-2017]

U.S. Secretary of Education Betsy DeVos said that it is no surprise “families want more control” over their children’s education. The Secretary of Education spoke in reference to a 2019 opinion poll on education policy from Education Next, which reveals that American families want more control over the education of ...

DeVos: No Surprise That ‘Families Want More Control’ Over Children’s Education is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:8/21/2019 6:27:03 PM
[Markets] Trump Paves The F*cking Way For Politicians Swearing In Public

President Trump is not one to mince words. The New York billionaire won hearts and minds in 2016 using candid, coarse, and at times profane language while speaking at rallies and in interviews.

"I’d say swearing is part of his appeal," author Melissa Mohr told the New York TimesMohr wrote "Holy Sh*t: A Brief History of Swearing." 

"It helps create the impression that he is saying what he thinks, ‘telling it like it is.’ We tend to believe people when they swear, because we interpret these words as a sign of strong emotions. In his case, the emotion is often powerful anger, which his supporters seem to love."

And while Trump's coarse language has been largely relegated to the words "Bullshit", "Hell" and "Ass," Democrats have cranked it up to 11 over Twitter and elsewhere, dropping F-bombs and all sorts of other colorful language as they attempt to match Trump's bluster, according to The Hill

In analysis conducted exclusively for ITK, GovPredict, a government relations software company, found that the frequency of lawmakers using words that might make one’s grandmother blush has increased steadily since 2014.

President Trump and several of the candidates seeking to replace him next year — including Sens. Bernie Sanders (I-Vt.) and Cory Booker (D-N.J.) — have used impassioned swear words to make their points recently. Sanders responded to a debate comment about "Medicare for All" last month by saying that he "wrote the damn bill," and Trump used the word “hell” at least half a dozen times at a Thursday night rally. 

GovPredict’s data shows that obscene language not including the words "shit" and "f---" has been used at an all-time high by politicians, with 1,225 instances on Twitter so far this year compared to 833 in 2018. -The Hill

Weeks ago, 2020 White House hopeful Rep. Beto O'Rourke (D-TX) dropped an F-bomb while discussing the MSM's failure to hold Trump accountable for fanning the flames of racial discord, saying "He's been calling Mexican immigrants rapists and criminals. Members of the press, what the fuck?"

Cory Booker said in a text message shared by his campaign manager over Twitter: "Listening to the president. Such a bullshit soup of ineffective words." In May, Booker said on CNN while discussing gun control "We are not going to give thoughts and prayers, which to me is just bullshit. I’m sorry to say that as a man of faith, but I was taught that faith without works is dead."

In January, Rep. Rashida Tlaib (D-MI) told a cheering crowd of Trump "We're gonna go in and impeach the motherfucker.Did she learn that kind of language from her grandmother?

Meanwhile, Rep. Maxine Waters (D-CA) wrote on Twitter that voters should "Demand the Members of Congress get rid of ALL assault weapons or kick our ass out of Congress!"

And in a 2017 speech, Sen. Kirsten Gillibrand (D-NY) said "If we are not helping people, we should go the fuck home." 

UCSD professor of cognitive science Ben Bergen opines on the new abnormal. 

"For the most part, with a few exceptions, candidates have avoided being recorded swearing," says Bergen, who authored "What the F: What Swearing Reveals About Our Language, Our Brains, and Ourselves." 

"We’ve seen media become democratized. There are fewer and fewer channels of communication that are censored. And as a result, there’s just more swearing around," added Bergen. 

Bergen also says that for veterans of Congress who have "spent decades and decades crafting a public image," talking blue could be a calculated choice: "They believe that there’s work that swearing can do for them, and that although there is risk associated with it, they’re willing to take that risk for the potential reward."

Pitkin says that "as a growing number of elected officials break social norms, we are not likely to see a tempering of open-mindedness and self-expression by way of the usage of foul language." -The Hill

According to Bergen: "It’s hard to tell whether this is a moment that we’re experiencing where political discourse is now, because of heightened emotions and stakes and so on, [such] that people are trying to reach into a quiver of more affectively laden language or whether this is just the new normal.

Will it backfire? 

According to Bergen - no fucking way

"People who are already likely to be supportive of those individuals are more likely to believe that they are honest, they’re telling the truth, are more likely to believe that they’re emotionally involved in the things that they’re saying, and that they are powerful." 

Published:8/21/2019 6:27:03 PM
[Entertainment] Quentin Tarantino Is Expecting His First Child With Wife Daniella Pick Quentin Tarantino is stepping out of the director's chair and into a rocker, because he is going to be a dad. The famed director and his wife, Daniella Pick, are expecting their...
Published:8/21/2019 5:55:53 PM
[Military and Defense] Trump Signs Executive Order To Wipe Out ‘Every Penny’ Of Student Debt For Severely Disabled Vets

By Chuck Ross -

President Donald Trump signed an executive order Wednesday directing the Department of Education to eliminate “every penny” of student loan debt owed by more than 25,000 disabled veterans. Speaking at an AMVETS event in Louisville, Ky., Trump said that the order will erase “hundreds of millions” of dollars in debt ...

Trump Signs Executive Order To Wipe Out ‘Every Penny’ Of Student Debt For Severely Disabled Vets is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:8/21/2019 5:55:53 PM
[General] Here’s a totally new invention: An eco-friendly, hand-powered washing machine that doesn’t use electricity

Believe it or not, people washed clothes before household electricity was a thing.

The post Here’s a totally new invention: An eco-friendly, hand-powered washing machine that doesn’t use electricity appeared first on twitchy.com.

Published:8/21/2019 5:55:53 PM
[Politics] Rubio Calls for Bipartisanship, Compromise Sen. Marco Rubio, R-Fla., says partisanship is splitting the country and warned that feeding into the divisiveness is giving Russia and China ammunition ahead of the 2020 presidential election, the South Florida Sun-Sentinel reports."It is important to question authority... Published:8/21/2019 5:55:53 PM
[Politics] Nikki Haley shoots down false rumors! Today Nikki Haley took to Twitter to shoot down false rumors that she will be replacing Pence on the Trump 2020 ticket: Enough of the false rumors. Vice President Pence has been . . . Published:8/21/2019 5:55:53 PM
[Politics] Nikki Haley shoots down false rumors! Today Nikki Haley took to Twitter to shoot down false rumors that she will be replacing Pence on the Trump 2020 ticket: Enough of the false rumors. Vice President Pence has been . . . Published:8/21/2019 5:55:53 PM
[topics:people/donald-trump] Donald Trump announces push to detain migrant families indefinitely Published:8/21/2019 5:55:53 PM
[Economy] Trump Won’t Use Hong Kong Protests as ‘Leverage’ in China Trade Talks

President Donald Trump said on Wednesday that Chinese President Xi Jinping has the ability to ensure that chaotic protests in Hong Kong are resolved in... Read More

The post Trump Won’t Use Hong Kong Protests as ‘Leverage’ in China Trade Talks appeared first on The Daily Signal.

Published:8/21/2019 5:55:53 PM
[The Blog] Area 51 county declares state of emergency

Barbarians approaching the gate

The post Area 51 county declares state of emergency appeared first on Hot Air.

Published:8/21/2019 5:55:53 PM
[] The Economist: The World's Poor Are Eating More Meat Which Means They'll Live Longer and Healthier Lives But It's Very Sad Because of Global WarmingPlus: Slavery-Shaming from the New York Times and Nation of Islam No, really. They're against the world's poor having healthy food.... Published:8/21/2019 5:55:53 PM
[Markets] The New York Post: Actress reportedly thought half-million-dollar payment to college admissions fraudster was akin to funding a campus library “Full House” star Lori Loughlin and her fashion-designer husband, Mossimo Giannulli, are accused of paying $500,000 to college admissions swindler William “Rick” Singer to help get their daughters into USC.
Published:8/21/2019 5:55:53 PM
[Markets] Chart Of The Day: China's Economy Slows To 4.6% In June

According to Fathom Consulting, a global independent macro research consultancy, it's proprietary China Momentum Indicator 2.0 has slowed to 4.6% in June, the lowest reading since Aug. 2016.

There is also a growing gap between the China Momentum Indicator 2.0 at 4.6% and official GDP data at 6.2%. Might suggest China's economy hasn't yet bottomed, could continue to decline through 2H19 into 1H20.

Gary Cohn, the former chief economic advisor to Donald Trump, has said the slowdown predates the trade war and reflects a strategic decision by China to rebalance the economy.

Fathom notes that China's economy was even slowing before the rebalancing.

The global macro research firm said, "with the consumer share of total import demand on a downward trend since 2016, we also find little evidence to suggest that China is successfully rebalancing."

To combat dangerous crosscurrents of the trade war disrupting global supply chains in and out of China, Chinese policymakers resorted to the same playbook as before, pump the economy with record amounts of the stimulus earlier in the year.

Currency depreciation came into the picture when President Trump escalated the trade war by raising tariffs to 25% from 10% on $200 billion of Chinese goods in May. Then a massive devaluation of the renminbi followed in early August, when the president slapped 10% tariffs on $300 billion worth of Chinese goods, effective Sept. 1.

"Trade talks are continuing, and during the talks the U.S. will start, on Sept. 1, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country...We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!" Trump said in a tweet last month.

Since the trade war began last March, the renminbi has weakened 13% against the U.S. dollar, neutralizing some of the tariffs imposed by the U.S. on imports from China.

Currency devaluation undermines hopes for a soft landing, while further infuriating the Trump administration who has recently branded China as a currency manipulator.

And for more bad news, China has said its rebalancing will continue through 2020 and offered a pessimistic view of how Beijing won't sign a trade deal until after the November 2020 election. This would almost guarantee China is allowing its export economy to weaken while stimulating its domestic economy, all in the attempt to trigger a recession in the U.S. to diminish President Trump's probabilities of getting reelected.

Published:8/21/2019 5:55:53 PM
[Politics] Cuomo won’t bite on de Blasio’s plea to save famed pizzeria Cuomo threw a pie in the mayor's face Wednesday — saying that if hizzoner wants his favorite Brooklyn pizza joint, Di Fara, open again he can pony up the $167,000 in unpaid state taxes the place owes himself. Published:8/21/2019 5:55:53 PM
[Media] Eminem’s publisher accuses Spotify of copyright infringement in new lawsuit Eminem’s music publisher Eight Mile Style has filed a lawsuit against Spotify, accusing the service of “blatant copyright infringement” in streaming “Lose Yourself” and other Eminem songs. As explained by The Hollywood Reporter, the suit is tied Spotify’s implementation the Music Modernization Act, which was signed into law last year. Under the MMA, Spotify can […] Published:8/21/2019 5:55:53 PM
[Markets] Dow Jones Futures: Stock Market Rally Hits Resistance, Apple Flashes Bullish Signal; Splunk, Synopsys, Keysight Are Earnings Movers Late Dow Jones futures: Wednesday's stock market rally hit resistance at the 50-day, Apple showed relative strength. Splunk, Synopsys, Keysight reported late. Published:8/21/2019 5:55:53 PM
[Politics] Jewish Dem Group: Trump 'Weaponizing Anti-Semitism' President Donald Trump's call out of Democrats voting for lawmakers who do not support Israel has angered Jewish Democratic Council of America Chairman Ron Klein, who calls it "weaponizing anti-Semitism."Klein, too, politicized... Published:8/21/2019 5:26:59 PM
[The Blog] Barr: Epstein’s death looks like a suicide to us too

Prosecutor: Getting Maxwell smart will be tougher than you think.

The post Barr: Epstein’s death looks like a suicide to us too appeared first on Hot Air.

Published:8/21/2019 5:26:59 PM
[Markets] China's Gold Reserves Jump For 7th Month; 1H19 Consumption, Production Slump

A new report from the China Gold Association, first examined by China Daily, said gold consumption in China reached 523.54 metric tons in 1H19, down 3.27% YoY, due mostly to offlining of production facilities, the demise of zombie company producers, and readjusting the industrial structure to a period of lower demand.

Gold bar consumption declined 17.29% YoY to 110.51 tons in 1H19, while gold coins plunged 29.27% YoY to 2.9 tons. Gold for industrial purposes fell 0.6% YoY in 1H to 51.36 tons, the report said, outlining how some of gold's lackluster demand in 2019 is the result of soaring spot prices.

"China's total gold output decreased as the industry is upgrading the production techniques and cleaning up some mining rights issues," said Zhu Yi, senior analyst of metals and mining at Bloomberg Intelligence.

Demand for domestic gold jewelry bucked the trend, came in at 358.77 tons in 1H19, up 1.97% YoY.

"China's increasing demand for gold jewelry is due to consumers' rising needs and falling demand for gold bars and coins due to the decreasing investment needs."

The association said, "domestic companies in the gold sector have been pushing forward high-quality development, to close down outdated production facilities, optimize the industrial structure, integrate high-quality gold resources, against a background of global macroeconomic weakness and domestic economic restructuring."

China National Gold Group, a state-owned gold corporation, has "rooted out" 31 zombie company producers that rely on government bailouts to survive.

Zijin Mining Group Co saw stellar YoY growth of its overseas gold output in the 1H19. The miner has been focusing its efforts on expanding projects in countries with rich deposits of gold and copper.

Chen Jinghe, Chairman of Zijin Mining Group Co, told China Daily that its overseas mines are the main focus at the moment. 

Zhu believes gold production and consumption in the country will remain depressed through the early 2020s. China's gold industry is slowing, the days of super growth are over. 

"Large-scale gold producers are increasing capacity and output to ride on the price hike. Going overseas for mining assets is one of the quickest ways to add reserves and output."

Gold prices are likely to remain elevated due to its safe-haven function amid central banks shifting global policy rates towards zero as a worldwide recession could be imminent.

Spot prices broke above a 22 quarter neckline in June, prices have moved up 26% in 11 months.

The association said China's gold output fell 9.6 tons to 180.68 tons in 1H19, down 5.05% YoY, as miners cut production, suspension of production due to environmental and technical issues, and modernization efforts of facilities in Henan and Inner Mongolia.

However, gold reserves in China were up for the seventh consecutive month in June, with reserves reaching 1,926.55 tons.

China added 74.03 tons of gold in 1H19, as, along with many other global nations, it attempts to de-dollarize and reduce dependency on the US hegemon.

Which is notable since it appears China is "allowing" yuan to devalue against gold...

Published:8/21/2019 5:26:59 PM
[7b31a2bf-470c-5634-9437-1adbdc6f8f4a] Miley Cyrus 'disappointed' Liam Hemsworth filed for divorce: report Miley Cyrus was blindsided by estranged husband Liam Hemsworth’s decision to officially end their marriage, according to a new report. Published:8/21/2019 5:26:59 PM
[worldNews] As resistance mounts, Brazil's Bolsonaro sticks by son for U.S. envoy Brazil's right-wing president, Jair Bolsonaro, plans to push ahead with the appointment of his son Eduardo for ambassador to the United States despite accusations of nepotism and mounting resistance in his country's Congress.
Published:8/21/2019 5:26:59 PM
[General] Solid burn: Babylon Bee hits back at Snopes with its own ‘concerning survey’

Now Snopes will feel compelled to fact-check this satirical poll for its readers.

The post Solid burn: Babylon Bee hits back at Snopes with its own ‘concerning survey’ appeared first on twitchy.com.

Published:8/21/2019 5:26:59 PM
[Opinion] Democrats Hate America and American Success

By Amanda Alverez -

For most Americans, it’s obvious that whatever is good for America is a disaster for Democrats. Democrats hate and despise America so much they are now going to other countries that equally hate America to raise money! It’s also obvious that President Trump’s attention to the southern border criminals and ...

Democrats Hate America and American Success is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:8/21/2019 5:26:59 PM
[TC] How to protect and clean your Apple Card First of all, keep it out of the light. It hates bright light, especially sunlight, it’ll kill it. Second, don’t give it any water, not even to drink. But the most important rule, the rule you can never forget, no matter how much it cries, no matter how much it begs, never feed it after […] Published:8/21/2019 5:26:58 PM
[Entertainment] Taylor Swift ''Absolutely'' Plans on Re-Recording Masters After Scooter Braun Acquisition Taylor Swift, Scooter BraunLook what Scooter Braun made Taylor Swift do. As Taylor Swift and the rest of the world learned a few weeks ago, Scooter Braun is now the owner of many of the artist's biggest hits....
Published:8/21/2019 4:57:15 PM
[Politics] Anti-vaccine activist assaults California vaccine law author, police say

Sacramento Police cited an anti-vaccine activist for assaulting vaccine bill author state Sen. Richard Pan on Wednesday near the Capitol.

Published:8/21/2019 4:57:15 PM
[Politics] Report: Ex-Israeli Diplomat Set Up Meetings for Rep. Omar Before Ban Before she was barred from Israel, former Israeli Amb. Dan Shapiro was arranging meetings in the Jewish state between U.S. Rep. Ilhan Omar, D-Minn., and ex-Israeli security officials and Jewish and Arab Knesset members, according to a Wednesday report. Published:8/21/2019 4:57:15 PM
[Column] After a breakout year, looking ahead to the future of podcasting Justine Moore Contributor Share on Twitter Justine Moore is a venture investor at CRV and co-founded Cardinal Ventures alongside her sister, Olivia. More posts by this contributor What VidCon means for the future of social media platforms Olivia Moore Contributor Share on Twitter Olivia Moore is a venture investor at CRV and co-founded Cardinal Ventures […] Published:8/21/2019 4:57:15 PM
[The Blog] Hey, what’s up with that mysterious Nikki Haley tweet about Mike Pence?

Hmmmmm!

The post Hey, what’s up with that mysterious Nikki Haley tweet about Mike Pence? appeared first on Hot Air.

Published:8/21/2019 4:57:15 PM
[worldNews] Igniting global outrage, Brazil's Bolsonaro baselessly blames NGOs for Amazon fires Brazil's far-right President Jair Bolsonaro on Wednesday accused non-governmental organizations of burning down the Amazon rainforest to hurt his government, as a growing global outcry against the wildfires raged through social media.
Published:8/21/2019 4:57:15 PM
[Markets] The S&P 500 Finished Higher Wednesday — and So Did Every Sector. Here’s Why. All 11 indexes close higher, the ninth time in August that all finished in the same direction on a single day. That’s the most such occurrences since January 2016, and one more than in December 2018. Published:8/21/2019 4:57:15 PM
[Columnists] The Media’s Intersectional Embrace of Anti-Semitism

Imagine two sitting Republican congresspeople planned a trip to a foreign country in conjunction with a nongovernmental organization. Imagine that particular nongovernmental organization had a... Read More

The post The Media’s Intersectional Embrace of Anti-Semitism appeared first on The Daily Signal.

Published:8/21/2019 4:57:15 PM
[Media] ‘Nana’s cookies are racist’! With the NYT and the 1619 Project’s help, hopefully Americans can atone for the lasting sin of ‘sugar slavery’

"Damn, just freaking stop already."

The post ‘Nana’s cookies are racist’! With the NYT and the 1619 Project’s help, hopefully Americans can atone for the lasting sin of ‘sugar slavery’ appeared first on twitchy.com.

Published:8/21/2019 4:57:15 PM
[Markets] IPO Report: SmileDirectClub is going public: 5 things to know about the teeth-straightening startup Teeth-straightening startup SmileDirectClub Inc. has filed to go public.
Published:8/21/2019 4:57:15 PM
[topics:organisations/metropolitan-police-service] Man stabbed in Trafalgar Square and crime scene set up, police say Published:8/21/2019 4:57:15 PM
[Markets] Environmentally-Hypocritical Lifestyles Of The Rich & Famous

Authored by Daisy Luther via The Organic Prepper blog,

There’s little I find more annoying than a bunch of rich people lecturing the peons about how something we’re doing is “bad” but then they turn around and do the exact same thing times ten because it’s different when they do it.

I’m talking about environmental hypocrisy.

I like the environment as much as anyone else. I take my reusable bags to the store. I re-use just about everything until it can’t be used any more (a practice I began when I was flat broke and couldn’t afford to add a box of ziplock bags to my grocery cart for school lunches every week.) We try to reduce the amount of trash we create. My family makes all sorts of choices that are good for the environment because we want to be good stewards of the earth.

But it’s pretty annoying to see a bunch of rich people take 114 private jets to an Italian island so they can talk about how crappy the rest of us are to the planet.

And then to hear them say that their private jet flight is “carbon neutral” because they made a financial donation is positively idiotic.

Apparently only people who can afford to make a donation are allowed to be environmentally frivolous and I can pay by credit card or debit to make my sins against the earth disappear.

Here are two ridiculous examples of the financial “elite” wishing to tell the rest of us what to do while they do the diametric opposite but it’s okay because they paid extra.

Environmental activists arrived at “Google Camp” in private jets

Google founders Sergey Brin and Larry Page throw a shindig every summer so that rich people can come and decide how to save the world from the rest of us.  Nicknamed “Google Camp,” it’s a star-studded, rich-person get-together.

This year, the “activists” arrived in Sicily via private jets, mega-yachts, and helicopters.

Scores of A-list celebrities arrived in Sicily, Italy this week for the annual “Google Camp” to discuss the threat of climate change while communing with some of the wealthiest tech entrepreneurs in the world to a posh, seaside resort.

The event is hosted by Google co-founders Sergey Brin and Larry Page, who reportedly intend for the camp to be a “meeting of the minds” between technology giants, powerful business owners, and others who are known to be global thought leaders…

More than 114 private jets were reported to have been expected at nearby Palermo airport, where camp guests would be transported to the resort by van. Mega yachts docked at a nearby beach were reported to belong to designer Diane Von Furstenberg, German pharmaceutical giant Udo J. Vetter, Google’s Eric Schmidt, New Zealand tycoon Graeme Hart, and American billionaire David Geffen…

…Some estimates suggest that up to 100,000 kilograms of CO2 could be expelled into the air during the journeys of that many private jets. Mega yachts, like Graeme Hart’s $275 million “Ulysses,” can use up to 2,000 liters of fuel per hour when in motion. (source)

Thankfully, after attending Google Camp, “thought leaders” like movie stars, Prince Harry and Meghan Markle, and pop singers should be able to explain to the rest of us how to live carbon neutral lives.

What should you do if you are carboning up the environment?

If you are flying around on private jets and dining on steak and using plastic bags, never fear. You don’t need to change your habits. You can buy your way out of this and the environment will be just fine.  I found this site where individuals can “offset” their carbon footprints by giving the organization money.

You can pay a fee for your own carbon use, choose what vehicle you have and offset that, choose how many flights you’ll be taking, how many gifts you will be giving, how many parties you’ll have, and how big your house is. And don’t worry – if you have a surprise flight you can just bop on over to the site and give them some more money.

I quickly calculated how much it would cost to make my family of 2 people carbon-neutral and it was “just” $955.72 a year. If I want a discount, I can pay $16,320 for each of us for our lifetime personal carbon output, however, I’d still need to donate to cover my sins of travel, gift-giving, driving, and living in a house. You can even “offset” your wedding right here.

Here’s how it works:

Carbonfund.org is leading the fight against global warming, making it easy and affordable for any individual, business or organization to reduce & offset their climate impact and hasten the transition to a clean energy future. Carbonfund.org achieves its goals through:

  • Climate change education
  • Carbon offsets and reductions
  • Public outreach

We encourage everyone to continually strive to reduce their carbon footprint through sensible energy reductions combined with cost-effective carbon offsets to eliminate their overall carbon footprint.

Carbonfund.org supports third-party validated renewable energy, energy efficiency and reforestation projects globally that reduce carbon dioxide emissions and the threat of climate change. (source)

And don’t worry. Your environmentally friendly donations are all tax-deductible. And as you can see, if you just pay some extra money after doing something environmentally unfriendly, it’ll be just fine. I figure all the people at Google Camp gave an organization like this some money to cover the use of their jets and yachts.

Unpopular opinion: If you firmly believe you’re doing stuff that is damaging to the environment, donating money doesn’t fix the harm you’ve done. How about, if you feel so strong, you just stop harming the environment?

Then there’s the new meat tax Germany wants to try.

Germany, most recently, has an idea to help convince people to eat less meat. They want to add on a hefty tax so that basically, poor people can’t afford it. Then, much like Google Camp, the wealthy can indulge however they want and it’ll be okay because they can pay the meat tax and it won’t count against the environment.

The German debate coincided with a UN report from a panel of scientists calling for a determined switch away from livestock farming. They argue that the West’s high consumption of meat and dairy produce is fuelling global warming.

Besides the harm caused by methane emissions from livestock, there is the widespread destruction of forests to make way for pasture, a process that releases CO2 stored in soil and reduces the absorption of CO2 by trees.

The UN Food and Agriculture Organization (FAO) says the livestock sector produces 14.5% of greenhouse gas emissions, or 7.1 gigatonnes of CO2 equivalent – more than all the direct emissions from cars, aviation, ships and other transport. (source)

Some MPs are calling for a meat tax as high as 19%. Currently, the tax is 7% on food.

SPD agriculture spokesman Rainer Spiering said “there are discount stores in Germany selling 500 grams of mince for €2.50 (£2.30), and if the VAT rate goes up by 12 percentage points they will charge €2.80 – I think that is acceptable”. (source)

But there are problems with this “solution.”

With the added tax, meat just costs more but there’s no real way to separate that extra meat tax from the general VAT (which stands for value-added tax ROFL). So that money just goes into the government coffers to the detriment of poor people. Which is really no surprise – as I’ve written before, when you are poor in the modern world, you get fined and fee-ed into a financial hole from which it’s nearly impossible to extricate yourself. Why not add some new taxes on top of that. Don’t be selfish. It’s for the EARTH.

Igor Ogorodnev’s beautifully scathing essay on RT points out some flaws in this logic.

Being a wealthy lawmaker you will eat as much or as little meat as before, as food makes a small proportion of your monthly budget. Your constituents – that is a different matter. Perhaps some will get the message, and eat more vegetables instead. Or perhaps, instead of buying organic, cruelty-free, carbon-neutral meat, they will now buy more factory-farmed meat. Or perhaps they will spend the money on a decent steak but will not be able to afford to repair their car, or take that holiday to the Balearics. Though I guess that could be a result in itself – after all, as a rule, the poorer someone is in the West, the less CO2 they emit. Some might be so deprived, however, that they will eat no meat at all. Their remaining money will now go to other, cheaper high-calorie processed foods, like cakes or oven-fried chips. While your farmers will simply find it more profitable to export the food abroad, over longer distances, increasing their emissions. Is this what you wanted?

…What’s the right ethical trade-off between seven-course feasts of imported ostrich and elk and government-mandated buckwheat three times a day?

…You will say that at least it is better to be doing something.

And indeed you are right – it is the “something” that matters, not the specific results. After all if there is one thing that Greta Thunberg and Nigel Lawson can agree on is that creating a meat tax in Germany, Sweden and Denmark, the three countries that have shown the greatest appetite for this policy, will make almost no difference to global emissions. For example, even if every resident of the United States, the country with the highest consumption of meat per capita, stopped eating meat tomorrow, that would only slice 2.6 percent off its emissions. Meanwhile, a Chinese person now eats five times as much meat as they did in the 1980s, and still only half as much as Americans – so he wants more. And the world population will likely double by the end of the century. Germans eating two fewer sausages a week is not going to cut it, and everyone knows it. (source)

Environmentally hypocrisy will end up costing us a lot of money.

The problem is, for some bizarre reason, people listen to the idealistic verbiage of the rich and famous. We’re not talking about high IQ environmental scientists. We’re talking about people like Leonardo DiCaprio, Harry Styles, Prince Harry and Meghan Markle, Mark Zuckerberg, and Diane Von Furstenberg (source) attending an event that cost Google an estimated 20 million bucks.

As for the brainstorming sessions, you need not worry that they’ll be too arduous on the guests. Morning discussions are reportedly followed by afternoons and evenings of relaxation, food, and drink. (source)

It’s pretty “Marie Antoinette” to jet off to a sunbaked European holiday and talk about what the rest of us little people should be doing to save the earth.

Think about the clothes they’ll only wear once, the hats and the shoes.

Think about the multiple trips per year they take on private transportation.

Think about the mansions with 6 or more bedrooms they have to heat and cool.

Think about the lavish parties and events they host and attend.

The list of frivolities could go on and on, and actually if they can afford to be frivolous, more power to ’em. It’s not my job to police their finances and activities.

If only they felt the same way about policing ours.

Published:8/21/2019 4:57:15 PM
[Politics] Trump says Jews who vote for Democrats are disloyal to Israel President Trump on Wednesday doubled down on his claim that Jewish Americans who vote for Democrats were “disloyal” — and clarified that he was referring to a lack of loyalty to Israel, a key US ally but also a foreign government. “I think that if you vote for a Democrat you are very, very disloyal... Published:8/21/2019 4:57:15 PM
[] DHS Announces New Rule Ending "Catch and Release," Will Permit Families to be Detained Together Until Their Immigration Hearings So we're not going to "separate families" any longer. Of course, the left and the NeverTrumpers (but I repeat myself) are now complaining about not separating children from parents. You'd almost start to think that it's not "the horror of... Published:8/21/2019 4:57:15 PM
[World] BOOK REVIEW: Gotti's Boys'

Much has written about the late Cosa Nostra Gambino crime family boss John Gotti, and there have been several films made about him.

In Anthony M. DeStefano’s “Gotti’s Boys: The Mafia Crew that Killed for John Gotti,” the author recounts the well-known Gotti story, quoting liberally from other books on ... Published:8/21/2019 4:25:05 PM

[Entertainment] Angelina Jolie Beams With Pride as She Drops Son Maddox Off at College Maddox Jolie-Pitt, Angelina JolieShe's not a regular mom, she's a cool mom! Angelina Jolie dropped son Maddox Jolie-Pitt off at college on Wednesday. That's right, the Oscar winner was there to get her eldest...
Published:8/21/2019 4:25:05 PM
[In The News] Cory Booker: ‘We Need A Candidate That Is Not The Safe Bet’

By Mary Margaret Olohan -

2020 presidential candidate Cory Booker took a swipe at former Vice President Joe Biden Wednesday, saying “we need a candidate that is not the safe bet.” Booker derided the former vice president and current Democratic front runner, saying it is more important for a candidate to speak from the heart ...

Cory Booker: ‘We Need A Candidate That Is Not The Safe Bet’ is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:8/21/2019 4:25:05 PM
[topics:things/conservation] Plastic foam used by council to fill in cliff is putting seals and dolphins in danger, say environmental groups  Published:8/21/2019 4:25:05 PM
[Markets] The Dow Gained 240 Points But Still Went Nowhere. Here’s Why. While the Dow’s 230-point rise certainly feels better than a loss, the markets major indexes are still stuck in a range. Published:8/21/2019 4:25:05 PM
[Uncategorized] Ocasio-Cortez: The Electoral College a ‘Scam,’ Prefers White Voters Over Those of Color ACKSHUALLY, Congresswoman, the Electoral College provides a voice for every single person. Published:8/21/2019 4:25:05 PM
[The Blog] Critics line up to primary Trump

"It’s a daunting task and it is indeed preposterous..."

The post Critics line up to primary Trump appeared first on Hot Air.

Published:8/21/2019 4:25:05 PM
[bfca6b39-e215-57d2-b636-11191457251d] Country music star Drake White reveals brain disease diagnosis Country musician Drake White, who collapsed last week while performing on stage in Roanoke, VA, has revealed he was diagnosed with a debilitating brain disease. Published:8/21/2019 4:25:05 PM
[Markets] When It Comes To The US Economy, Everyone Wants To Pin The Credit Or The Blame On President Trump

Authored by Michael Snyder via The Economic Collapse blog,

No matter what happens with the U.S. economy, most of the credit or the blame is going to go to President Trump. 

And now that the U.S. economy appears to be headed for big trouble, the mainstream media is salivating over what this could mean for Trump’s chances of winning in 2020. 

Within the past few days, the New York Times, the Washington Post, CNN, MSNBC and Fox News have all run stories about Trump and the economy, and they are all perpetuating the false premise that presidents should be held accountable for how the economy performs.  As I have repeatedly reminded my readers, the truth is that U.S. presidents generally have relatively little control over the direction of the economy

In our system, it is the central planners at the Federal Reserve that primarily direct our economy, and so most of the credit or the blame for our economic performance should go to them.  And the truth is that even President Trump realizes this.  He understands that the Federal Reserve has control over key economic tools that he does not, and that is one of the reasons why he is so frustrated right now.  The Fed is not running things the way that he would run them, and he realizes that this could severely hurt his chances of winning the next election.

During his first term, President Trump has not actually been able to do much to alter the overall trajectory of the economy.  Some pundits point to the tax cuts that he was able to pass, and certainly reducing corporate tax rates helped things a little bit in the short-term, but the overall impact of the tax bill was relatively negligible.  Ultimately, the moves that the Federal Reserve has been making have been far more important, and at this point Trump seems to be convinced that Fed Chair Jerome Powell and others are intentionally trying to undermine him

He has insisted that his own handpicked Federal Reserve chair, Jerome H. Powell, is intentionally acting against him. He has said other countries, including allies, are working to hurt American economic interests. And he has accused the news media of trying to create a recession.

“The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election,” Mr. Trump tweeted last week. “The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!”

Trade policy is one area where presidents do have more power than anyone else, and this is definitely where President Trump has had the biggest impact on the economy.  After claiming for months that a trade war would be “easy” to win, President Trump is now acknowledging that our trade war with China could potentially result in a recession

“I am doing this whether it’s good or bad for your statement about, ‘Oh, will we fall into a recession for two months?’ The fact is, somebody had to take China on,” Trump said.

“Whether it’s good for our country or bad for our country, short term, it had to be done,” he said, repeating that “whether it’s good or bad, short term, is irrelevant.”

And to be honest, this is the argument that Trump should have been making all along.  A trade conflict with China is most definitely going to be very painful, but it is also very true that something had to be done about China.  They have been taking advantage of us and ripping us off for years, and when previous administrations decided to do nothing about China they were being exceedingly negligent.

However, there is a huge difference between recalibrating our relationship with China and antagonizing them so much that our relationship with the Chinese is completely destroyed.  At this point it appears that we are doing the latter, and that is going to have enormous implications in 2020 and beyond.

And if our trade war with China does push us into a recession, there are many on the left that would greatly rejoice.  The following comes from a Fox News editorial by Steve Hilton

It’s pretty obvious that these establishment Trump-hating hysterics — all of them, of course, living comfortable coastal lives — actually want a recession because they think that’s the best way to get rid of Trump. At least one of them is honest about it.

“I’ve been saying for about two years  — that I hope we have a recession, and people get mad at me,” said Bill Maher, host of HBO’s “Real Time with Bill Maher.”

Unfortunately for Trump, most Americans will squarely blame him if a recession happens even if it wasn’t his fault.  When the U.S. economy was doing relatively well, Trump repeatedly took full credit for it, and that was a huge mistake.  Because if the economy is really struggling in 2020, he probably won’t be able to successfully shift the blame to someone else.  The mainstream media will hammer him over and over again with editorials about “the failure of Trumponomics”, and even though most of those editorials won’t make any sense, they will still have a huge impact on millions of Americans voters.

It is often said that “pride goeth before destruction”, and President Trump has repeatedly told us that this is the greatest economy ever and that he is responsible for it.  But of course this isn’t even close to the greatest economy ever.  The following comes from another Fox News editorial

The fact is Trump’s best economic growth is 3.5 percent in two quarters out of the 10 quarters he’s been in office, CNBC’s John Harwood reports, adding that same growth figure, 3.5 percent, is Obama’s seventh best quarter, George W. Bush’s eighth best, and Bill Clinton’s 17th best. Yet, Trump claims his economy is the best ever. Far from it.

When things were going relatively well, President Trump should have said that it was a team effort and he should have acknowledged that we still had an enormous amount of work to do.

And all along he should have been educating the American people about the fact that the Federal Reserve has far more power over the performance of the economy than he does.

But now it appears that we are facing a nightmare economic scenario, and everybody is going to blame him for the failure of the economy.

Meanwhile, the Federal Reserve will once again escape accountability for running our economy into the ground, and that is extremely unfortunate.

Published:8/21/2019 4:25:05 PM
[worldNews] Salvadoran woman acquitted in abortion case calls for reform Evelyn Hernandez has a message for El Salvador's president: End the criminalization of abortion in the conservative Central American country.
Published:8/21/2019 4:25:05 PM
[Politics] Millionaire Who Compared Gov’t Shutdown to 9/11 Fundraises for Maine Dem

Sara Gideon, the Democratic senate candidate running to challenge Sen. Susan Collins (R., Maine), on Tuesday night attended a fundraiser at the vacation rental home of a Colorado millionaire who compared the 2019 government shutdown to the September 11th terrorist attacks.

The post Millionaire Who Compared Gov’t Shutdown to 9/11 Fundraises for Maine Dem appeared first on Washington Free Beacon.

Published:8/21/2019 4:25:05 PM
[Law] Why This Court Got It Right On Religious Imagery

In a win for the First Amendment, a federal appellate court ruled earlier this month that the seal featuring a cross located in Lehigh County,... Read More

The post Why This Court Got It Right On Religious Imagery appeared first on The Daily Signal.

Published:8/21/2019 4:25:05 PM
[US News] Maybe the people upset at ICE over migrant detainees not getting flu shots should slow their rolls a bit

Welp.

The post Maybe the people upset at ICE over migrant detainees not getting flu shots should slow their rolls a bit appeared first on twitchy.com.

Published:8/21/2019 4:25:05 PM
[Markets] Have a yen for Yellowstone or any of the 400 national parks — they’re free on Aug. 25 Of the more than 400 parks run by the National Park Service, 115 charge regular entrance fees most days, but will be free this Sunday.
Published:8/21/2019 4:25:04 PM
[African-Americans] Progressive Tribalism & The 1619 Project

The 1619 Project – a media driven campaign to view everything about this nation through a dark and myopic racial prism — is pure evil. It is the basest of modern lies, told to stir the basest of emotions, all to separate society and, thereby, to achieve a political end unrelated to the lies. Deprived […]

The post Progressive Tribalism & The 1619 Project appeared first on Bookworm Room.

Published:8/21/2019 4:25:04 PM
[The Blog] Gender pronouns and the Supreme Court

He said, she said

The post Gender pronouns and the Supreme Court appeared first on Hot Air.

Published:8/21/2019 3:55:18 PM
[Markets] Dow books 240-point gain as bond-market recession signal flashes after Fed minutes Stocks finish firmly higher Wednesday after minutes from Federal Reserve’s July 30-31 meeting offer few surprises and suggest that the central bank wants to remain flexible in implementing policy changes. Published:8/21/2019 3:55:18 PM
[259ec76f-fca9-5c26-aebf-5aef68c6e554] 'Bachelorette' star Mike Johnson addresses romance rumors with Demi Lovato Mike Johnson is setting the record straight. Published:8/21/2019 3:55:18 PM
[Politics] Was Trump being anti-Semitic yesterday with this ‘disloyal’ comments regarding Jews and Israel? When Trump said last night that Jews who vote for Democrats were being disloyal, people weren’t exactly sure what he meant. And neither were we but we guessed Israel, and it turns . . . Published:8/21/2019 3:55:18 PM
[Politics] Was Trump being anti-Semitic yesterday with this ‘disloyal’ comments regarding Jews and Israel? When Trump said last night that Jews who vote for Democrats were being disloyal, people weren’t exactly sure what he meant. And neither were we but we guessed Israel, and it turns . . . Published:8/21/2019 3:55:18 PM
[US News] Oh, man: Nikki Haley has let us know she fully supports Mike Pence for VP in 2020

Nikki Haley wants to put all the rumors to rest. Wait, what rumors?

The post Oh, man: Nikki Haley has let us know she fully supports Mike Pence for VP in 2020 appeared first on twitchy.com.

Published:8/21/2019 3:55:18 PM
[worldNews] Iraq paramilitary groups blame U.S., Israel for blasts at Iraqi militia bases Iraq's paramilitary groups on Wednesday blamed a series of recent blasts at their weapons depots and bases on the United States and Israel.
Published:8/21/2019 3:55:18 PM
[Customs, Border and Immigration News] Trump Considering Executive Order On Birthright Citizenship

By Shelby Talcott -

President Donald Trump told reporters Wednesday that he is looking “very seriously” at the law of birthright citizenship, confirming that he is considering issuing an executive order. Currently, a baby born in the United States automatically receives American citizenship through the Fourteenth Amendment, even if the baby is born to ...

Trump Considering Executive Order On Birthright Citizenship is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:8/21/2019 3:55:18 PM
[Markets] Trump Hammers "Nasty" Greenland PM; Knocks NATO Spending

President Trump continued to distract the public from volatile markets, slowing economic growth and the burgeoning trade war on Wednesday by defending his decision to postpone a state visit to Denmark, the Hill reports.

Trump accused Denmark's prime minister of making a "nasty and inappropriate" statement by refusing to even discuss his desire to purchase Greenland, a self-governing Danish territory.

Danish Prime Minister Mette Frederiksen criticized Trump on Tuesday over his interested in purchasing Greenland by denouncing the idea as "absurd."

"Greenland is not Danish. Greenland is Greenlandic. I persistently hope that this is not something that is seriously meant," Frederiksen told reporters.

Apparently, Trump insists he was being serious when he brought up the possibility of the US buying Greenland. The US military already has a large presence in Greenland, and the Pentagon has raised the idea of buying the island before, to help create a buffer against the Chinese military. The idea, as Trump noted, dates all the way back to President Harry Truman.

"I thought it was a very not nice way of saying something. They could have told me no," Trump told a group of reporters at the White House before departing for a speech at the AMVETS convention in Kentucky. "All they had to say was 'we’d rather not do that,'" he added. "Don’t say, 'what an absurd idea that is.'"

"She’s not talking to me, she’s talking to the United States of America. You don’t talk to the United States that way."

However, Trump insisted that he loves Denmark, and despite "blowing off" the US, and added that he would reschedule the visit for some day in the not-too-distant future.

"Frankly, we'll do it another time," Trump said.

The president's remarks follow a string of tweets sent Tuesday evening where Trump said he'd be postponing his visit to Denmark.

And after his complaints to the press corps, Trump returned to Twitter to bash Denmark for its stinginess over its NATO contribution.

Here's video of the press scrum.

Published:8/21/2019 3:55:18 PM
[Politics] ACLU Hits Back on Trump's Birthright Comments President Donald Trump saying he was seriously considering ending birthright citizenship for children born in the U.S. to noncitizens and illegal immigrants had the the American Civil Liberties Union taking shots back at the president, Newsmax's Todd Beamon reports. Published:8/21/2019 3:55:18 PM
[13289115-60e2-5443-8c84-3dae4df81e54] Dan Stein: New regulation on detaining illegal immigrants will reduce child abuse, rapes, assaults and deaths The announcement Wednesday by the Department of Homeland Security that it will issue a regulation allowing families of illegal immigrants to be detained together longer while awaiting immigration hearings is welcome news that will end court-sanctioned child abuse and endangerment. Published:8/21/2019 3:55:18 PM
[Cloud] Splunk acquires cloud monitoring service SignalFx for $1.05B Splunk, the publicly traded data processing and analytics company, today announced that it has acquired SignalFx for a total price of about $1.05 billion. Approximately 60 percent of this will be in cash and 40 percent in Splunk common stock. SignalFx, which emerged from stealth in 2015, provides real-time cloud monitoring solutions, predictive analytics and […] Published:8/21/2019 3:55:17 PM
[] All Democrat Presidential Candidates, Except Tulsi Gabbard, Absolutely Refuse to Condemn Antifa When Directly Asked Oh right, being insufficiently condemnatory about political violence is also grounds for a quasi-criminal public prosecution. Except when the Ruling Class decides they like a little political violence.... Published:8/21/2019 3:55:17 PM
[topics:people/donald-trump] Denmark reacts with shock and anger as 'disrespectful' Trump cancels trip over Greenland sale row Published:8/21/2019 3:25:13 PM
[Politics] Federal Court: State Cannot Bind Presidential Electors

A panel of federal judges with the 10th U.S. Circuit Court of appeals handed down a 2-1 ruling saying the state of Colorado was wrong in 2016 to force a presidential elector to cast his vote for Hillary Clinton in the Electoral College.

The post Federal Court: State Cannot Bind Presidential Electors appeared first on Washington Free Beacon.

Published:8/21/2019 3:25:12 PM
[Entertainment] Chris Evans awakens from eight-year nap to speculate about what would’ve happened if Obama had held delusions of grandeur like Trump

"Do you even remember the Obama years?"

The post Chris Evans awakens from eight-year nap to speculate about what would’ve happened if Obama had held delusions of grandeur like Trump appeared first on twitchy.com.

Published:8/21/2019 3:25:12 PM
[The Blog] Dem rep: You bet I’ll force another vote on impeachment when we return

"... a broader retreat from conversations about impeachment."

The post Dem rep: You bet I’ll force another vote on impeachment when we return appeared first on Hot Air.

Published:8/21/2019 3:25:12 PM
[Markets] Yield Curve Tumbles Back Into Inversion As Fed Sparks Mid-Cycle Maelstrom

Today's chaos was brought to you by the the words "mid-cycle" (market threw a tantrum that The Fed Minutes were not more dovish) and "inverted" (the much-watched 2s10s curve tumbled back into inversion)  and the number '16' (line in the sand for VIX and gamma)

Chinese stocks trod water overnight...

Source: Bloomberg

 

Source: Bloomberg

European stocks surged on the day, led by Italy...

Source: Bloomberg

Bond headlines dominated Europe with an ugly 30Y zero-coupon auction sparking yield chaos then a bid came in...

Source: Bloomberg

US equities accelerated once again overnight for no good reason but stalled once the Fed Minutes hit (and confirmed the mid-cycle language)...

 

 

The S&P 500 stalled at critical resistance once again (NOTE - today's highs for S&P were lower highs than yesterday and that was lower than Monday's highs)...

 

VIX plunged back through 16 as short gamma scramble sent stocks soaring...

 

 

Bond yields, stocks, and the dollar all decoupled as Europe opened, then The Fed sparked recoupling (short-end notably underperformed long-end)...

Source: Bloomberg

A very choppy day for bonds with The Fed Minutes sparking a surge in yields on the hawksih mid-cycle language...

Source: Bloomberg

Roundtrip in TSY yields on the day, selling in Asia and buying in Europe...

Source: Bloomberg

The Treasury curve (2s10s) plunged back to inversion...

Source: Bloomberg

 

The Dollar index limped lower into the Fed Minutes and weakened immediately after (testing unchanged on the week), before some humans read the document and the dollar spiked...

Source: Bloomberg

Meanwhile, China attempted to squeeze yuan shorts overnight (one-week CNH Hibor rises 44bps to 3.8457%, highest since Nov. 23, three-month CNH hibor +14bps to 3.56967%, one-month +26bps to 3.64817%; both highest since May 14) which briefly sent yuan higher, but that did not last

Source: Bloomberg

Cryptos had a bad day...

Source: Bloomberg

But Bitcoin once again found support at around $10k...

Source: Bloomberg

 

Gold and Silver were lower on the day (sliding after the Minutes) but WTI tumbled most on the day on notable product builds that offset crude's draw

Source: Bloomberg

WTI fell back below $56...

 

Finally, we note that if The Fed was less-dovish-than-the-market-demands at the end of July, and the macro data has done nothing but surge positively since then, what option is there apart from a stock market plunge, to ensure The Fed delivers the 50bps that will 'fix' everything...

Source: Bloomberg

Published:8/21/2019 3:25:12 PM
[Markets] Dow industrials finish up over 200 points after Fed minutes Dow industrials finish up over 200 points after Fed minutes Published:8/21/2019 3:25:12 PM
[Gadgets] Peak Design’s Travel Duffel 35L is as simple or as powerful as you need it to be A good, solid duffel bag is a mainstay for many travelers – especially those who like packing up a car for a weekend away, or frequent flyers who disdain the thought of checking a bag. Peak Design introduced its own take on the duffel bag this year, with a couple different twists on the concept. […] Published:8/21/2019 3:25:12 PM
[Entertainment] Hannah Brown Won't Ever Be Shy About Her Struggles, Even on Dancing With the Stars The BacheloretteHannah Brown left The Bachelorette process a changed woman, and despite the heartache and headlines, she said it was all worth it. "Being The Bachelorette did not end the way I...
Published:8/21/2019 3:25:12 PM
[Markets] Buy This, Not That: 7 best inexpensive dog leashes — according to veterinarians and pet experts The best reflective, retractable, chain, leather, dual-dog, travel, running and other leashes
Published:8/21/2019 3:25:12 PM
[Entertainment] Dad trimming his baby girl's toenails for a spa day is the sweetest thing on the internet In a video on Instagram, New York dad Jimmy Howell gives his 9-month-old daughter a pedicure, and it's so cute we can't help but share it.
      
Published:8/21/2019 2:55:18 PM
[de9525d9-673a-5e33-a827-fe99a08906e0] Jane Seymour reunites with ‘Dr. Quinn’ love interest Joe Lando: ‘Summers with Sully’ Reunited, and it feels so good. Published:8/21/2019 2:55:18 PM
[Left Column] ‘END OF SNOW’ UPDATE : Natural Snow Depth In Australia The Highest In Two Decades
Published:8/21/2019 2:55:18 PM
[Politics] Sen. Cramer: Dem Climate Plans Pander to Extreme Left, Ignorance Democratic candidates are unveiling plans for the environment and climate change that fall between "pandering to the extreme left, and ignorance" and "a little bit of both," Sen. Kevin Cramer said Wednesday. Published:8/21/2019 2:55:18 PM
[Politics] And just like that, we’re back to Obama-size deficits ?????? The CBO is out with a new report that estimates the budget deficit for this year at just under a trillion and the budget deficit for next year to exceed a trillion: . . . Published:8/21/2019 2:55:18 PM
[Politics] And just like that, we’re back to Obama-size deficits ?????? The CBO is out with a new report that estimates the budget deficit for this year at just under a trillion and the budget deficit for next year to exceed a trillion: . . . Published:8/21/2019 2:55:18 PM
[The Blog] Trump: All I meant when I said Jews who vote Democrat are “disloyal” is that they’re disloyal to Jewish people — and to Israel

“If you want to vote Democrat, you are being very disloyal to Jewish people and very disloyal to Israel,”

The post Trump: All I meant when I said Jews who vote Democrat are “disloyal” is that they’re disloyal to Jewish people — and to Israel appeared first on Hot Air.

Published:8/21/2019 2:55:18 PM
[Entertainment] Prince George's Homework Assignments Will Make You Thrilled to Be Out of School Prince GeorgePrince George's school doesn't mess around! As Prince William and Kate Middleton's eldest child prepares for a new school year in early September, he better be prepared for an...
Published:8/21/2019 2:55:18 PM
[Politics] No One Wants a Recession (Wink)

Media fixation on a possible recession hit a fever pitch over the last week, with "recession fears" dominating news coverage following a volatile few days on Wall Street.

The post No One Wants a Recession (Wink) appeared first on Washington Free Beacon.

Published:8/21/2019 2:55:18 PM
[Apple] Apple TV+ Reportedly Dropped $300M on 2 Seasons of ‘The Morning Show’ How can traditional entertainment media companies compete with the deep pockets of tech giants? Published:8/21/2019 2:55:18 PM
[CULTURE] The Real History of GamerGate.

In 2014, GamerGate galvanized the gaming community against censorship, corrupt journalism, and the strategic effort to marginalize them.

The post The Real History of GamerGate. appeared first on Human Events.

Published:8/21/2019 2:55:18 PM
[worldNews] Iran says top waterways won't be as safe if its oil exports cut to zero If Iran's oil exports are cut to zero, international waterways will not have the same security as before, its president said on Wednesday, cautioning Washington against raising pressure on Tehran in an angry confrontation between the longtime foes.
Published:8/21/2019 2:55:18 PM
[Media] Journalism! CNN’s Brooke Baldwin lets Kirsten Gillibrand know she ‘gets it’ on gun control (while Trump & McConnell don’t) [video]

Narrative assist of the week.

The post Journalism! CNN’s Brooke Baldwin lets Kirsten Gillibrand know she ‘gets it’ on gun control (while Trump & McConnell don’t) [video] appeared first on twitchy.com.

Published:8/21/2019 2:55:18 PM
[Markets] Trump claims the stock market would be higher if he hadn’t confronted China — is he right? If the trade war is successfully resolved, the Dow could rise to 30,000 points.
Published:8/21/2019 2:55:18 PM
[topics:people/donald-trump] Maduro suggests top officials have been holding 'secret talks' with the US with his direct permission   Published:8/21/2019 2:55:18 PM
[Markets] Crowding Is Now One Of The Biggest Market Risks, Goldman Warns

Six years ago, back in 2013, we presented what we then viewed (and still view) as the best trading strategy of the New Abnormal period, when we said that buying the most shorted names while shorting the names that have the highest hedge fund and institutional ownership is the surest way to generate alpha, to wit:

... in a world in which nothing has changed from a year ago, and where fundamentals still don't matter, what is one to do to generate an outside market return? Simple: more of the same and punish those who still believe in an efficient, capital-allocating marketplace and keep bidding up the most shorted names.

Fast forward to three weeks ago, when Bank of America confirmed once again that with just one exception, the historically unvolatile 2017, going long the most shorted names and shorting the most popular ones has continued to be not only the most consistently profitable, alpha-generating strategy, but that in 2019 YTD, the top 10 crowded stocks underperformed the 10 most neglected stocks by 19% YTD, a 5-year record!

Indeed, never has the power of positioning been more active than in 2019, when as BofA recently calculated, the overlap between positioning by mutual funds and hedge funds reached an all time high, and as a result, "positioning has been a big driver of returns in 2019" (we discussed this topic far more extensively back in April in "BofA Finds The Secret Recipe How To Consistently Beat The Market").

Now, with the mandatory several week (or year, depending on how one looks at it), it Goldman's turn to warn that "as recession fears rise, so does the risk from crowding", or said otherwise, ever greater "crowding" by hedge funds in a handful of positions has rapidly emerged as one of the biggest risks to the increasingly illiquid market.

Of course, the fact that most hedge funds are unimaginative copycats of others' best positions is hardly a secret: after all recall that just before it imploded, serial fraud Valeant was a top-10 most popular firm among the hedge fund community, a place it reached thanks almost entirely due to lazy analysts and countless cross-polinating idea dinners.

Which is why Goldman's Ben Snider writes that for more than a decade, hedge funds have steadily increased the  concentration of their portfolios while decreasing position turnover, which makes sense in a market in which there is increasingly less differentiation between stocks all of which rely on passive investing (ETF) flows, buybacks and Fed policy.

The result, as Goldman shows, is that the average hedge fund now holds 69% of its long portfolio in its top 10 positions, up from 57% 15 years ago. In 2Q 2019, the average fund turned over 26% of distinct equity positions, a figure that typically registered between 35% and 40% per quarter during the last cycle. Turnover of the largest quartile of positions registered just 15%.

Meanwhile, as groupthink became a dominant phenomenon, in addition to holding fewer, more concentrated positions, hedge funds increased their crowding in common positions, a dynamic that has contributed to the strong recent performance of momentum, a strategy usually associated with 20 year old PhDs who think they are financial geniuses, simply because they do what everyone else is doing, and by definition, accentuate a trend, which works great until it doesn't and everyone is margined out (as some very prominent quant funds can attest in recent months).

As shown below, Goldman's hedge fund crowding index shows a general trend of rising crowding this cycle, with particular spikes during periods of economic stress. Although crowding is currently far less extreme than it was in early 2016, it has risen so far this year. At the same time, our long/short Momentum factor has outperformed sharply, a dynamic also characteristic of markets concerned with economic growth.

So for those who have missed one of our hundreds of articles on the topic of crowding risks, why is any of this notable? Because, as Goldman explains, "the recent increase in hedge fund concentration and leverage make funds particularly vulnerable to a potential market unwind, particularly if accompanied by the decline in liquidity that typically coincides with falling risk appetite."

The last statement is a follow up to an earlier analysis by Goldman, which looked at the way US equity market liquidity has changed over time and how investors can boost returns by accepting liquidity risk. In recent weeks, as fears of economic recession have spiked, so have equity volatility and illiquidity, following the usual pattern.

Goldman's bottom line: Investors concerned about crowding risk should consider protecting their portfolios through the bank's Hedge Fund VIP basket, which amusingly was created precisely to make such crowding easier. Which is why it will come as no surprise that the basket has exhibited a larger beta to the S&P 500 during market declines than rallies and has historically been correlated with changes in fund leverage.

And just to make sure Goldman creates a self-fulfilling prophecy, in which the VIP basked of most popular HF positions ends up being the catalyst that crushes hedge funds, and ultimately sparks a market correction, the bank explicitly states that investors "should particularly consider hedging if the valuations of the most popular hedge fund positions continue to expand. Valuations have historically been a useful signal for Hedge Fund VIP performance (see Exhibit 16). Today, the newly rebalanced VIP basket trades at a 13% forward P/E premium to the S&P 500 (19x vs. 17x). In the past, a 15% or greater premium has often signaled negative forward three-month excess returns for the basket."

Which, of course, is just another way of saying that while there are periods when the most crowded positions outperform the market, over a long enough timeline, such crowding results in frequent, periodic and quite spectacular blow ups.

Published:8/21/2019 2:55:17 PM
[] Pilot: Prince Andrew Flew Aboard the Lolita Express When Jeffrey Epstein's 17-Year-Old "Sex Slave" Was Aboard If the pilot is telling the truth, this is damning -- private planes aren't big enough for the claim "I never saw her there" to be credible. And if you saw her -- you didn't... ask a question? And then... Published:8/21/2019 2:55:17 PM
[Politics] Karl Rove: 2020 Dems Won't Make Same Rust Belt Mistakes Democrats will not make the same mistakes in the nation's Rust Belt states that they made during Hillary Clinton's 2016 loss, GOP strategist Karl Rove warned President Donald Trump's re-election campaign on Wednesday.  Published:8/21/2019 2:25:05 PM
[Uncategorized] RNC Sets New Fundraising Records, Almost Tripling DNC Donations in July "largest online fundraising July ever (1100% more than July 2016 and 1900% more than July 2015)" Published:8/21/2019 2:25:05 PM
[371f190b-2cd9-5b55-982e-ef00f2c75a54] 'Angel Has Fallen' cast explains movie's connection to military first responders: 'They’re real human beings' The cast of the upcoming film “Angel has Fallen” explained that they hope the movie will make viewers think about the lives of military first responders. Published:8/21/2019 2:25:05 PM
[Politics] 2020 Dems Stood With Uber and Lyft Strike, Then Crossed Picket Line

As many Democratic presidential candidates voiced support for the one-day boycott of Uber and Lyft, their campaigns were spending hundreds on rides with each, campaign filings show.

The post 2020 Dems Stood With Uber and Lyft Strike, Then Crossed Picket Line appeared first on Washington Free Beacon.

Published:8/21/2019 2:25:05 PM
[Energy Policy] The Most Influential Research of 2019 (John Hinderaker) I wrote here about the fact that a paper produced by my organization, Center of the American Experiment, is one of three finalists for the Bob Williams Award for the Most Influential Research of the last 12 months, awarded by the State Policy Network. The paper is “Doubling Down on Failure”. It exposes the real costs of “green” energy and is, I think, enormously important. The Williams Award will be Published:8/21/2019 2:25:05 PM
[The Blog] Mayor Munchkin: Bill de Blasio’s video at AFL-CIO event is unintentionally hilarious

Follow the yellow brick road.

The post Mayor Munchkin: Bill de Blasio’s video at AFL-CIO event is unintentionally hilarious appeared first on Hot Air.

Published:8/21/2019 2:25:05 PM
[bfe4b728-92c8-5fa4-8b96-ac5f24a44115] Jason Chaffetz: Dems subvert democracy to win elections, embracing fascism as they resist Trump The Democrats have decided that to save democracy they must subvert it. Published:8/21/2019 2:25:05 PM
[Media] ‘Should we gas them?’ The Economist laments that more poor people are eating meat because it’s ‘bad news for the environment’

"Wokeness gets closer and closer to genocide. Those damn poor people screwing up the environment by living."

The post ‘Should we gas them?’ The Economist laments that more poor people are eating meat because it’s ‘bad news for the environment’ appeared first on twitchy.com.

Published:8/21/2019 2:25:05 PM
[Markets] 2-year Treasury yield climbs after Fed minutes say rates not on ‘preset course’ Short-term U.S. Treasury yields rise Wednesday after minutes from the Federal Reserve’s July meeting shows the U.S. central bank wasn’t ready to commit to a series of rate cuts. Published:8/21/2019 2:25:05 PM
[Markets] Bernstein: Tesla's Competition Is Crushing Model S, Model X Sales; Model 3 Could Be Next

While investors may have been momentarily distracted by the fact that Tesla solar roofs are apparently spontaneously combusting across the country, the company's legacy vehicle business also remains in turmoil, with Bernstein opining on the Model S and the Model X's sales collapse this morning.

In a new note, Bernstein seeks to explain the weakness behind both of the models, which lag the newer Model 3 in sales. Bernstein says that "competition" is likely to blame for Model S and Model X gross profit dollars declining 57% in the first half of 2019.

Did Elon forget about this part in his "master plan"?

Bernstein says that the introduction of new offerings from companies like Audi and Jaguar have not expanded the EV market as a whole - rather, they have cannibalized sales from Tesla. Perhaps it is just pesky consumers that want a vehicle they can actually get serviced and a warranty that they are actually going to be made whole on.

The free market works in mysterious ways...

Bernstein notes that the cannibalization is still a new trend that has come to light over the first half of this year, but that it is worth watching as competition is going to grow significantly in the space over the next 12 to 24 months. It also anticipates traditional auto makers to enter the sub $50,000 electric vehicle segment, which could target Tesla's one remaining area of strength – if you want to call it that - the Model 3.

Q2 2019 deliveries

The competition narrative has been peddled by short-sellers and skeptics for years, even though it has taken the auto industry some time to finally get up to speed. After all, storied names like Audi and Jaguar don't exactly have the option to throw together their EVs in a hastily built tent outside of their production facility.

Now, it looks as though they are done biding their time - if Bernstein's conclusions hold true, it looks as though the carefully calculated competition could be ready to wreak havoc on Tesla.

 

Published:8/21/2019 2:25:05 PM
[topics:organisations/british-army] British Army accused of 'leaning on' under-18s in order to plug recruitment gap Published:8/21/2019 2:25:04 PM
[Right Column] ‘Only you know if we did it’: Scientists write dire letter to the future about climate change
Published:8/21/2019 2:25:04 PM
[Science] Second docking adapter for commercial crew vehicles installed on International Space Station The International Space Station is now more than ready for crew-carrying spacecraft flown by commercial companies to pay it a visit: The second planned International Dock Adapter (IDA) was installed on the Space Station during a spacewalk by NASA astronauts Nick Hague and Andrew Morgan earlier today. The dock adapter, actually IDA-3 since the first […] Published:8/21/2019 2:25:04 PM
[Entertainment] Timothée Chalamet Is Hailed the Internet's King With New Movie Poster Timothee Chalamet, 2019 BAFTAsAll hail the king...Timothée Chalamet! The Oscar nominee's star power continues to shine brightly, as evidenced by the internet's reaction to his newly released poster for...
Published:8/21/2019 1:59:42 PM
[8a466f9f-6291-5c6d-892b-fc6757d1dd7d] Rep. Matt Gaetz: Google's information dominance is dangerous especially when it comes to voters f Google search benefits one political party, or promotes one set of beliefs over another, Google is no longer a distributor of news — they are a publisher. Published:8/21/2019 1:59:42 PM
[436959e6-0368-59ad-86d3-a19e80fae29d] Gina Gershon says Woody Allen 'is not a sexual predator,' defends working with him Fans took actress Gina Gershon to task for working with Woody Allen despite the sex abuse claims against him, but the "Showgirls" star was unfazed. Published:8/21/2019 1:59:42 PM
[Arcosanti] Kanye West’s Controversial Yeezy Domes Follow on From Other Historic Architectural Projects West's neighbors' complaints may have turned his project into a circus, but it follows closely what great architects gave tried to do before him. Published:8/21/2019 1:59:42 PM
[worldNews] After Germany hints at compromise, France tells UK: no new Brexit deal German Chancellor Angela Merkel on Wednesday gave Britain 30 days to come up with alternatives to the Irish border backstop to ensure a Brexit deal, but French President Emmanuel Macron cautioned there could be no new renegotiation.
Published:8/21/2019 1:59:42 PM
[structure:news] TV bosses must resist ditching "pale, male and stale" presenters, says Channel 4 boss Published:8/21/2019 1:59:42 PM
[Markets] Based On What People Are Searching On Google, A Recession Could Be Imminent

If what Americans are searching for on Google is any hint of what's next for the economy, it could mean a recession is nearing.

Search trends for "recession," "2020 recession," and "how to prepare for a recession," spiked on Aug. 14, the reason: the inversion of the 2-year and 10-year yield curve on Aug. 14 at 6:00 am est., was the first time since the summer of 2007, reminded everyone that just one year later [2008], a financial crisis emerged.

Preliminary data from Google Trends shows the popularity of "recession" across the US is the highest since Feb/March 2009. "Recession" is being searched the most in the District of Columbia, Delaware, Maryland, Massachusetts, and Connecticut.

The top five cities where "recession" is being Googled the most is in Irvine, Washinton, San Jose, Boston, and Raleigh.

Google's top related queries for "recession" include "the recession," "great recession," "a recession is," "what is a recession," and "economic recession." All of these keywords have jumped since the 2-10 curve inverted last Wed.

From 3Q18, searches for "2020 recession" were gradually rising. It was only until the 2-10 curve inverted. The keyword has since exploded across the country.

One search phrase that has absolutely rocketed higher is "how to prepare for a recession." Americans in Washington, Utah, Michigan, Maryland, and Indiana Googled it the most.

If the Federal Reserve looked at these recent search trends, nevertheless the Trump administration, they would be horrified because it takes animal spirits and the belief in the "greatest economy ever," to get consumption flowing into the service sector, which is about 75% of the economy. Any pullback in consumption could spell disaster for the economy in 2020.

August marks the point where the average American discovered the "greatest economy ever" is running out of steam.

After the 2-10 curve inverted, almost every financial news outlet across the country produced stories of economic doom, and this can easily alter animal spirits of consumers, forcing many into conservative spending habits or holding patterns, while they wait for a downturn to pass.

All of this is happening as US consumer sentiment plummeted to a seven-month low late last week on growing concerns the economy is cycling down through 2H19.

So is the jump in "recession" searches on Google a good indicator of what's next for the economy in 2020?

Published:8/21/2019 1:59:42 PM
[Media] BINGO! John Stossel unloads on Chicago Teacher’s Union group that returned from Venezuela with high praise

"The ignorance in teachers unions is astounding."

The post BINGO! John Stossel unloads on Chicago Teacher’s Union group that returned from Venezuela with high praise appeared first on twitchy.com.

Published:8/21/2019 1:59:42 PM
[Markets] Dow's 200-point climb highlighted by gains in shares of Boeing, Nike Buoyed by positive gains for shares of Boeing and Nike, the Dow Jones Industrial Average is trading up Wednesday afternoon. The Dow (DJIA) was most recently trading 200 points, or 0.8%, higher, as shares of Boeing (BA) and Nike (NKE) have contributed about 25% of the index's intraday rally. Boeing's shares have climbed $7.98, or 2.4%, while those of Nike have climbed $1.80, or 2.2%, combining for a roughly 66-point boost for the Dow. Published:8/21/2019 1:59:42 PM
[Markets] Key Words: ‘Customers no longer feel as safe’: Petition to ban gun sales at Walmart tops 129,000 signatures, lands on CEO’s desk Walmart category specialist Thomas Marshall is urging CEO Doug McMillon to take strict measures aimed at curbing gun violence in the wake of recent mass shootings.
Published:8/21/2019 1:59:42 PM
[World] Cryptos: Here’s what bitcoin’s relationship with the stock market and gold looks like over the past 90 days The world’s No. 1 cryptocurrency, bitcoin, has enjoyed a very loose relationship with other assets during its brief history, but that could be changing a recent chart shows.
Published:8/21/2019 1:59:42 PM
[] David French: Trump Is a Bigot Against Jews For Saying That Jews Who Vote Democrat Are Betraying Other Jews and Israel So much for the MAGA rationalizations yesterday. It's plain what he means today. What's the new rationalization? https://t.co/FxM3DeIXl7— David French (@DavidAFrench) August 21, 2019 A friend snarks: "Trump should've just claimed not supporting Israel compromises Jewish witness. " When he... Published:8/21/2019 1:59:42 PM
[World] More spying and lying from the Trump administration

While most of us have been thinking about the end of summer and while the political class frets over the Democratic presidential debates and the aborted visit of two members of Congress to Israel, the Trump administration has quietly moved to extend and make permanent the government’s authority to spy ... Published:8/21/2019 1:35:01 PM

[Entertainment] Tom Bergeron Slams Sean Spicer's Casting on Dancing With the Stars Tom Bergeron, Sean SpicerIt's safe to say Tom Bergeron won't be giving this year's Dancing With the Stars cast a perfect 10. Earlier this morning, Good Morning America announced the celebrities...
Published:8/21/2019 1:35:01 PM
[Politics] WATCH: Trump blasts NBC reporter over bias, then rips into NBC News HARD Trump went after the media today during his press conference and specifically one NBC reporter, Peter Alexander, who he said is “the most biased reporter”. Watch: Alexander began his question to Trump . . . Published:8/21/2019 1:35:01 PM
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