Month: September 2017

Priorities

A party bus crackdown….sort of: The city of Chicago is cracking down on party bus operators who are not following the law. So far this weekend, Chicago Police working with the city issued five tickets to party buses not following a city ordinance, enacted in April, that requires security guards be on board for trips with 15 passengers or more, trips that serve alcohol, or those that makes stops to drink. Five tickets. Wow. Meanwhile, this is happening in Lincoln Square and citizens are getting irritated with the lack of police: After a string of assaults against women walking with young children in strollers, Lincoln Square moms marched Friday in a show of strength and support. “We’re not going to let this keep happening,” said Jocelyn Costlow, who organized the eve...

Exploting a Tragedy?

Missed this one from earlier in the week – someone must have gone to the “Rahm Emanuel Crisis School” at some point: The mother of Kenneka Jenkins, whose body was found in a freezer in a Rosemont hotel, says the frequent protests outside the hotel are over, indicating she felt taken advantage of by organizers. In a video posted to her Facebook page Sunday night, Tereasa Martin said, “You know what, this protest is over.” Martin thanked all the people who came out to support justice for her 19-year-old daughter, but she blasted unnamed organizers for taking financial advantage of the situation. Martin said she became aware only recently that some organizers were collecting money from people as part of the protests. […] Protest organizers, for their part, insist they ...

Catalans block doors at voting stations, defying police orders

Catalan voters have begun to block doors and to congregate outside voting stations to protect them in case of police action to prevent a banned referendum on Catalonia breaking away from Spain.

Misguided at Best

So this nonsense happened: The “take a knee” trend continues in Chicago. Several retired police officers sent a message outside Chicago Police Headquarters. […] More than 20 retired black cops gathered in unity Friday to make a statement about patriotism, protest and free speech. “We’re here to show solidarity for the First Amendment,” retired police officer Judity Buckner says. “We should be able to do that without question, and nobody should come to us and say it’s wrong.” Are you dense? No one is preventing you from protesting. In fact, you’re retired – you can protest all day long and no one is going to say a word. But you don’t get to do it in uniform, on duty, with a raised fist, in a police facility. And we’ll add this – anyone taking their lead f...

“This Is A Crisis Greater Than Any Government Can Handle”: The $400 Trillion Global Retirement Gap

Submitted by John Mauldin of Mauldin Economics Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop. Lately I have focused on the trend in US public pension funds, many of which are woefully underfunded and will never be able to pay workers the promised benefits, at least without dumping a huge and unwelcome bill on taxpayers. And since taxpayers are generally voters, it’s not at all clear they will pay that bill. Readers outside the US might have felt smug and safe reading those stories. There go those Americans again, spending wildly beyond their means. You are correct that, generally speaking, we are ...

Wheels And Deals: Trouble Is Brewing In The House Of Saud

Authored by Pepe Escobar via The Asia Times, Saudi women being allowed to drive is a smokescreen – Salafi-jihadism is alive and well inside the Kingdom. What’s more, another coup may be along shortly… Suddenly, the ideological matrix of all strands of Salafi-jihadism is being hailed by the West as a model of progress – because Saudi women will finally be allowed to drive. Only next year. Only some women. And still subject to many restrictions. What’s certain is that the timing of the announcement – which comes after years of liberal American pressure – was calculated with precision, arriving only a few days before House of Saud capo King Salman drops in for a chat at Trump’s White House. The soft power move was coordinated by the 32-year-old Crown Prince Muhammad bin Salman, a....

To Increase America’s Productivity, Ban This…

Aside from short-lived booms in the 1990s and 2000s, US productivity growth has averaged just 1.2% from 1975 up to today after peaking above 3% in 1972. As we detailed previously, adjusting for the WWII anomaly (which tells us that GDP is not a good measure of a country’s prosperity) US productivity growth peaked in 1972 – incidentally the year after Nixon took the US off gold. The productivity decline witnessed ever since is unprecedented. Despite the short lived boom of the 1990s US productivity growth only average 1.2 per cent from 1975 up to today. If we isolate the last 15 years US productivity growth is on par with what an agrarian slave economy was able to achieve 200 years ago. As we reported last year, users spent 51% of their total internet time on mobile devices, for a total of ...

The Truth About Nuclear Proliferation And North Korea

The U.S. is communicating with North Korea about its nuclear program and testing Pyongyang’s appetite for negotiations, Secretary of State Rex Tillerson said in the first public acknowledgment by a senior administration official of direct contact on the matter. As Bloomberg reports,Tillerson, speaking to reporters on Saturday after meeting Chinese officials in Beijing, insisted that the U.S. would never accept a nuclear-armed North Korea. His remarks offered the clearest glimpse so far into U.S. strategy, and suggested a willingness to get to the negotiating table with Kim Jong Un’s regime — even after President Donald Trump tweeted in August that “talking is not the answer!” “We are probing, so stay tuned,” Tillerson said.   “We can talk to them, we do talk to them directly, through...

TEPCO Admits Contaminated Water Leaked Into Fukushima Groundwater “Due To Erroneous Gauges”

In a revelation that, for some, will dredge up memories of TEPCO’s stunning admission back in 2013 that nearly 300 tonnes of radioactive material had leaked from the ruins of the Fukushima Daiichi nuclear-power plant into the water outside, contaminating virtually the entire Pacific Ocean, officials at the Japanese power company told the Associated Press that contaminated water may have leaked into the soil surrounding the plant after human error caused safety mechanisms to fail. TEPCO officials said the settings on six of the dozens of wells surrounding the plant’s ruined reactors were accidentally set 70 centimeters below the required levels, briefly causing groundwater at one well to sink below the contaminated water inside in May, possibly allowing radioactive water to leak into the so...

Welcome To The Hunger Games: Trump’s Tax Plan To Unleash Battle Royal Among D.C. Lobbyists

Authored by Michael Snyder via The Economic Collapse blog, Are you ready for mass chaos in Washington? There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues.  But when you are talking about a major tax reform bill, that is something that virtually every single lobbyist in the entire city will want to be involved in.  Our tax code is over two million words long, and the regulations are over seven million words long, and any changes to our immensely complex system could have absolutely enormous implications.  There will be winners and there will be losers with any piece of legislation, and lobbyists will zealously fight to defend the turf belonging to their particular clients....

Jim W. Dean – Vimeo Weekend – Veterans Today

Jim W. Dean – Eric Hollenbeck carries his days as a 19-year-old Vietnam combat with him everywhere he goes, and ultimately to his grave. But he will also carry the memories of the lives that he has touched.

A Market In Which “Shocks No Longer Shock”: Deutsche’s Kocic Explains How To Trade It

Back in June, one of Wall Street’s more philosophical derivatives strategists, DB’s Aleksandar Kocic looked at the state of the market and postulated that far from “stable” the existing risk  “equilibrium” is one which can be described as “metastable“, the result of widespread complacency, and which he compared to an avalanche where “a totally innocuous event can trigger a cataclysmic event (e.g. a skier’s scream, or simply continued snowfall until the snow cover is so massive that its own weight triggers an avalanche.” Putting it in his usual post-modernist style, Kocic said that “complacency encourages bad behavior and penalizing dissent – there is a negative carry for not joining the crowd, which further reinforces bad be...

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