In a decision that was widely anticipated, the Trump administration has decided to end immigration protections for Haitians who migrated to the US following a devastating earthquake that laid waste to Haiti back in 2010. Now, the 50,000 Haitians still living in the US under the protections have 18 months to leave, according to the Department of Homeland Security.
As the Washington Post pointed out, the decision was made to appease immigration hard-liners who insist the
As we noted in December, the foundation, which has been the subject of several controversies and investigations, was originally set up to give away the proceeds from Trump’s bestselling book, “The Art of the Deal.” As The Hill writes, the
In the early hours of Thursday, November 2, the Maduro regime certified its latest failure with what they promised would never happen: technical default. With his usual arrogance, Maduro issued a “decree” demanding “the refinancing and restructuring of the debt as of November 3.” That is, default.
The bad news for investors or high-yield hunters is that the likelihood of being swindled
When a nation adopts a foreign currency it will typically face significant hurdles when it tries to rid itself of that currency, or de-dollarize. But Zimbabwe’s autocratic ruler Robert Mugabe has appeared to have done the impossible. After dollarizing ten years ago, over the course of the last year or two he and his cronies have managed to throw off the U.S. dollar and re-introduce a Zimbabwean replacement.
Another day, another enemy of Donald Trump is hoisted by their own petard. A top White House reporter for the New York Times and vocal critic of President Trump, Glenn Thrush, has been suspended from duty amid claims of sexual misconduct.
Several young women have accused the married journalist, 50, of unwanted sexual harassment according to Vox journalist Laura McGann – who Thrush says harassed her five years ago when he was working for Politico. McGann writes:
The reason the S&P healthcare sector is lower on the day…
… with distribution names getting hammered, is because in a report published overnight, Morgan Stanley analysts predicted that the sector, and severeal specific names, are most in danger of being targets of Amazon’s unstoppable monopoly juggernaut, soon to be scheduled for Bezosian eradication.
As MS explains, it has identified “attractive subsectors and profit pools that Amazon
In a stunning revelation that could leave an indelible stain on the Clintons’ political legacy and possibly quash Hillary Clinton’s dreams of running for president again in 2020, the Daily Mail is reporting that four women have shared their accounts of being sexually assaulted by Clinton in a new book written by former New York Times editor Ed Klein that will hit shelves later this week.
According to the mail, the women allege the former
When many American traders went to bed last night, China was tumbling, the euro was in trouble, and US equity futures were notching lower. Then, as former fund manager Richard Breslow scoffs, it appears the world “reconsidered” and everything rallied to erase any sign of discontent or uncertainty by the time everyone woke up…
Apparently, the word of the day is “reconsider.”
Across a whole host of assets, we got somewhat violent
Theresa’s May’s government is poised to concede an improved Brexit settlement offer to gain EU approval to move the negotiations on to the next stage.
May reportedly has the backing of senior ministers ahead of a critical cabinet meeting on Monday afternoon. The list of senior ministers is thought to include chancellor, Philip Hammond, Brexit secretary, David Davis, environment secretary, Michael Gove and weakened foreign secretary, Boris Johnson, who famously said in July that the
Five days ago, Det. Sean Suiter, a married father of five and an 18-year veteran with the Baltimore Police, was patrolling the streets of West Baltimore around 5pm last Wednesday when he saw suspicious activity. Suiter approached a man and was shot point blank in the head, in a summary execution. He was rushed to the hospital in critical condition where he later died of his injuries.
Individual freedom terrifies those in power. But it is an innate desire that cannot be suppressed. Therefore the media attempts to replace the drive for personal liberation with sexual liberation.
It is a carnal animalistic type of “freedom” that those in power want you to focus on. They promote a temporary feeling, a fleeting pleasure. Individual freedom is about building your future. Sexual freedom is about living in the moment.
Days before the military coup d’état in Zimbabwe, one of Mugabe’s sons uploaded a snapchat displaying his £45,000 diamond watch with £200 champagne, according to Daily Mail. The story went viral fueling anger of Zimbabweans as the country suffers from an economic collapse with a 95% unemployment rate.
The video shows Chatunga Bellarmine Mugabe in a South African nightclub pouring bottles of expensive champagne onto his diamond watch. Both of Mugabe’s parasitical elite sons are living the highlife in South Africa
Following the release of the identity of the FBI informant, Justice Department officials in recent days said that informant William Campbell’s prior work won’t shed much light on the U.S. government’s controversial decision in 2010 to approve Russia’s purchase of the Uranium One mining company and its substantial U.S. assets.
However, The Hill’s John Solomon has reviewed 1000s of new memos from an FBI informant that clearly show illegal activity surrounding a Russian plot
For the past couple of weeks we’ve written frequently about the sudden political turmoil in Saudi Arabia that resulted in two Saudi princes being killed in a span of just 24 hours and dozens others being detained on charges of corruption while having their bank accounts frozen. Here are couple of our most recent background posts on the topic:
Last week, special counsel Robert Muller and his team subpoenaed the Trump campaign asking campaign officials to handover Russian-related documents. The subpoena was first reported by the WSJ on Thursday, which the source said, the campaign has already turned over 20,000 documents, and was not clear why the subpoena was issued. Mueller and his team of investigators are probing for any collusion between President Trump and ‘the Russians’ during the 2016 presidential election.
Having predicted back in July that the “most dangerous moment for markets will come in 3 or 4 months“, i.e., now, BofA’s Michael Hartnett was – in retrospect – wrong (unless of course the S&P plunges in the next few days). However, having stuck to his underlying logic – which was as sound then as it is now – Hartnett has not given up on his “bad cop” forecast (not to be mistaken with the
Shortly after Wired first profiled the NSA’s new super spycenter in Bluffdale, Utah (one year before Snowden confirmed that much of the agency’s activity involved spying on US citizens and soon to be presidents), speculation emerged as to how much data storage capacity this brand new US spy hub would have. According to a then-estimate by Forbes, the storage capacity at the Bluffdale facility was between 3 and 12 exabytes ( 1 exabyte is 1
Listening to Wall Street analysts, or their financial press cheerleaders, one would be left with the impression that earnings season has been gangbusters, and the recent 2-3 quarters of growth are sure to lay the basis for a new golden age in which EPS rises at double-digit rates for years to come. There are just a few problems with this wildly incorrect conclusion. First, after a year of earnings recession and a year in which
Less than a day after a 61-year-old Japanese citizen was killedwhen a Marine collided with his car in Okinawa, U.S. Forces Japan announced that it was cutting off local liberty for all troops in the region and prohibiting the consumption of alcohol until further notice.
Ican, the latest recipient of the Nobel Peace Prize, is wrong to think that the Italian MPs of the government majority had been committed to convince their Nato partners to give up nuclear weapons. The fact of the matter is that the commitments the Nato member states make are purely formal: it is the atomic bombs that form the basis for their security. “Nato has traditionally been flexible for the wishes of its members, and
Since 8 November 2017, the Brexit negotiations have reached a stumbling block. The bone of contention: the Irish border. A solution was found to the Irish issue in 1998. This involved, notably, free movement between the Irish Republic and Northern Ireland (a region in the United Kingdom). At the time, both countries (the United Kingdom and the Republic of Ireland) belonged to the European Union. Those negotiating Brexit on behalf of the United Kingdom are
EURUSD is testing overnight lows (and gold is tumbling) after German Chancellor Angela Merkel said she would prefer to go ahead with new federal elections rather than try to form a minority government.
Seeking her fourth term, Bloomberg reports that Merkel is “skeptical” about a minority government as it may not bring about necessary stability and is open to another so-called grand coalition with the Social Democratic party, she said in an interview with
As long as this is business as usual, it’s impossible to slash costs and boost widespread prosperity.
It’s easy to go down the wormhole of complexity when it comes to figuring out why our economy is stagnating for the bottom 80% of households. But it’s actually not that complicated: the primary driver of stagnation, decline of small business start-ups, etc. is costs are skyrocketing to the
Over the past several months we’ve frequently noted the devolving relationship between Hungarian Prime Minister Viktor Orban and billionaire financier George Soros. Tensions escalated last month when Orban took it upon himself to mail a Soros-related questionnaire to all 8 million Hungarian voters (see: Hungary Launches Anti-Soros Political Campaign) and then followed that up with an announcement that Hungary’s intelligence services had been instructed to “map” Soros’ network of influence.
Federal groping-on-steroids is not making flying safer. TSA is a farce and a menace, and should be privatized…
On the campaign trail last year, Donald Trump derided the Transportation Security Administration as a “total disaster.” But his administration is making TSA more intrusive and abusive while its 42,000 screeners remain as incompetent as ever.
New TSA screening guidelines will likely make Thanksgiving travel a disaster for legions of Americans – and the
Earlier this summer we noted Uber’s staggering 2Q cash burn of $600 million which equates to roughly $7 million in net cash outflows every single day. The staggering, and consistently growing, cash burn figures resulted in several mutual funds announcing they would slash their valuations of the struggling rideshare company by up to 15%.
Of course, if cash burn was a concern before for Uber investors before then they should probably take note
Forget about big hair, Ray-Bans, and Donkey Kong. Don’t even think about Live-Aid, Thriller, and E.T. Above all else, the 1980s were the gravy days of the money supply aggregates.
Beginning in late 1979, the Fed built its policy approach around the aggregates – primarily M1 but occasionally M2, and policy makers also monitored M3 while experimenting with M1B and, later, MZM. But those were just the “official” figures.
It seems like not a day goes by without new allegations of sexual abuse or harassment being levied against a major figure in media or entertainment – and Monday was no exception.
Earlier in the day, the New York Times announced it would suspend White House reporter Glenn Thrush following reports that he harassed and propositioned young female reporters working with him at Politico and the Times.
“Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.” – Ecclesiastes 1:2, King James Version (attributed to King Solomon in his old age)
This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to “WTF” moments several times
Just minutes after the DOJ announced that it would be unveiling a major anti-trust action late Monday, Bloomberg reported that AT&T will be the target of said action (as Amazon sneaks by one more day). Late last year, AT&T announced that it had agreed to buy Time Warner in another controversial merger of content creators and distributors.
The news hammered shares of Time Warner, which dropped nearly 2% as investors realized that the White House
The national opioid epidemic is even larger drain on the US economy than previously believed, according to a new analysis from the White House Council of Economic Advisers. The cost of opioid-related deaths in 2015 was $504 billion, according to the CEA – a figure equivalent to 2.8% of that year’s gross domestic product.
CEA said the report, which was obtained by the Hill ahead of its release on Monday, was needed because “in assessing
To say that we are living through precarious times seems to be an understatement. Whether one lives in the so moniker’d “developed world, emerging, or frontier” there seems to be one constant currently: No one seems to be able to accurately ponder what tomorrow may bring, whether its political, economical, social, or combination there of.
The only thing constant right now is one of two things: Either, further instability is on
November 21, 2017 (Joseph Thomas – NEO) – Nineteenth century French military and political leader Napoléon Bonaparte once said, “a soldier will fight long and hard for a bit of coloured ribbon,” recognising a fundamental aspect of human nature he readily exploited to bolster his now famous campaigns of European conquest.
Human beings value recognition. Today, it drives the addictive nature of social media platforms. Facebook co-founder Sean Parker recently admitted that the ubiquitous social network
Following comments by the White House last week that the administration would soon bring more pressure on North Korea, President Donald Trump has confirmed as much to a crowd of reporters, adding that, as of today, that North Korea would once again be designated a terror sponsor.
Trump cited the killing of North Korean leader Kim Jong-Un’s estranged half brother in a Malaysian airport earlier this year, as well as the North’s horrific treatment of
Turkey has authorized the construction of an Assyrian church in Istanbul. This will be the first construction of a place for Christian worship since the fall of Ottoman Empire at the end of the First World War. Turkish law prohibits the construction of churches even though the country provides shelter to several Christian patriarchs. However, several years ago, a derogation was granted to re-establish liturgic celebration in an old Church. Turkish law has also applied
1-year ago this month, the Transports/S&P 500 ratio peaked and has been heading lower, reflecting that Transports have been diverging against the broad market. Below looks at the performance of the S&P to Transportation ETF (IYT)-
CLICK ON CHART TO ENLARGE
The chart above highlights that IYT and underperformed the S&P 500 by nearly 10% in the past 12-months, with a good deal of underperformance taking place the past few weeks.
In an explosive new allegation, a Texa woman has told CNN that Franken grabbing her butt while the two were taking a photo together at the Minnesota State Fair, a story that several members of her family who were present at the time corroborated in separate interviews. The accusation is particularly troubling for Franken because the incident in question occurred in
Having first surged above $8000 overnight amid Zimbabwe’s chaos, it appears uncertainty in the core of Europe has driven further demand for cryptocurrencu protection, sending Bitcoin to a new record high of $8247 – up 50% from the ‘Bitcoin Cash’ crash weekend lows.