Month: November 2017

A “Free” Train?

Rahm says it won’t cost a dime, which probably means it’ll saddle the taxpayers with a few billion in bond debt: Mayor Rahm Emanuel is beginning his official search for firms to help turn his vision for a high-speed O’Hare express train from dream to reality. Today, City Hall along with the Chicago Infrastructure Trust will issue a formal Request For Qualifications (RFQ) seeking companies to design, build, finance, operate, and maintain the new service. An express link between downtown Chicago and its busiest international airport was first proposed by former Mayor Richard M. Daley in the early 1990s. The concept was more recently revived by Emanuel as a second term objective with the announcement of a feasibility study in early 2016. The results have apparently provided the ad...

Michael Hudson: America’s Monetary Imperialism

Authored by Michael Hudson via Counterpunch.org, In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I is that the United States has taken the lead in shaping the international financial system to promote gains for its own bankers, farm exporters, its oil and gas sector, and buyers of foreign resources – and most of all, to collect on debts owed to it. Each time this global system has broken down over the past century, the major destabilizing force has been American over-reach and the drive by its bankers and bondholde...

Mapping The United States Of Welfare

Via HowMuch.net, When was the last time you stopped to think about how much the government spends on welfare? Most people probably don’t think about it too much, but we bet even for those who do, they don’t know how much their government spends, much less what the money actually pays for. That’s why we created a new map showing you how much each state spends on the public dole. Source: HowMuch.net Our viz takes U.S. Census Bureau data from GoBankingRates to create a map for the entire country. Each bubble represents a state, and the size of the bubble corresponds to the size of the public expenditure on public welfare. We then color-coded each circle according to the size of the expense. Shades of blue mean that the state spends relatively little money, but pink and red indicate a higher-t...

Is The Left Self-Destructing, Or Is Something Else Going On?

Authored by Brandon Smith via Alt-Market.com, The temptation to revel in the implosion of the extreme political Left is high, and it’s understandable. I could go through a long list of insane offenses by the cultural Marxist cult of the church of “social justice,” but I think this latest example summarizes the problem nicely. In this video, teaching assistant Lindsay Shepard at Wilfred Laurier University in Canada is reprimanded and brow beaten by two professors for daring to commit the heresy of showing her students BOTH sides of the debate over transgenderism and pronoun politics. The zealotry on display here by these professors is indicative of a deep-rooted cancer within the Left. Shepard was not attempting to troll her class with misinformation or subtly manipulate t...

Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry

We keep returning to the subject of Australia and the growing signs that its bubble economy is bursting. Earlier this month, we discussed how the world’s longest-running bull market – 55 years – in Australian house prices appears to have come to an end. We followed this up with “Why Australia’s Economy Is A House Of Cards” in which Matt Barrie and Craig Tindale described how Australia’s three decades long economic expansion had mostly been the result of “dumb luck”. As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble. Last week, in “The Party’s Over For Australia’s $5.6 Trillion Housing Market Frenzy”, we highlighted some scary metrics for Australia...

“Here Are The 3 Questions We Hear Most About Bitcoin Right Now”

As DataTrek’s Nick Colas, formerly chief market strategist at Convergex Group, writes overnight, “we’re doing our best to make sure we don’t flood you with bitcoin/crypto information because there are plenty of other issues with broad appeal.” However, he finds that hard to do when the topic dominates both financial news headlines and popular imagination… and when it goes from $11,000 to $8,900 in two hours. To address some of the pent-up confusion, here are the three questions (and answers) Colas it getting most about bitcoin at the moment: #1 Where is all the new interest coming from (i.e. is it just the US?) Looking at Google Trends, the top five countries for bitcoin searches over the last 24 hours are: The Netherlands, Australia, South Africa, Singapore, and Sw...

North Korea’s Newest Missile Is Capable Of Carrying Multiple Warheads

Contrary to the South Korean government’s initial analysis, the missile launched by North Korea into the waters west of Japan yesterday could represent an important advancement in the country’s missile technology that would allow it to carry multiple warheads. According to a report in Japanese business newspaper Nikkei, photos of the Hwasong-15 published by local North Korean media showcase a newly developed launch system and casing. Rodong Sinmun, a mouthpiece for the North’s ruling Workers’ Party of Korea, published photos of the Hwasong-15, the country’s latest intercontinental ballistic missile, at liftoff and mounted on what appears to be a newly developed mobile launch system. The missile seems to involve a completely new rocket, judging by its size and shape, South...

Searching for Better Methods to Find Breast Cancer – Veterans Today

Fast MRI Improves Breast Cancer Screening Ingrid Hein   November 30, 2017 Abbreviated MRI protocols could dramatically improve the diagnosis of breast cancer and lead to the earlier diagnosis of a lot more women, especially those with fast-growing cancers, according to an ongoing study. “Mammograms detect slow-growing cancers but, notoriously, deliver false negatives for rapid-growing cancers,” […]

Senate tax bill stalls on deficit-focused ‘trigger’

WASHINGTON (Reuters) – The U.S. Senate on Thursday delayed voting on a Republican tax overhaul as the bill was tripped up by problems with an amendment sought by fiscal hawks to address a large expansion of the federal budget deficit projected to result from the measure.

“What Can We Do…?”

Authored by Eric Peters via EricPetersAutos.com, Until enough people’s minds are changed about coercion and collectivism, resistance is futile. The debate will continue to be about how much should be stolen from whom and for what purpose – rather than about whether anything should be stolen by anyone for any purpose. As things are, many people believe it is ok to steal from others – provided the stealing is done on their behalf by other people (these are called “tax collectors”) and the stolen goods are called by pleasant but intellectually dishonest, morally evasive names (examples include Social Security, welfare, foreign aid, grants and so on). Using this technique of doublethink, people are able to do things to other people – or urge they be done to other people, on their behalf – with...

In Shocking Verdict, San Francisco Jury Acquits “Kate’s Law”-Victim’s Killer

Update: AP reports that U.S. immigration officials say they will deport the Mexican man found not guilty of murder in San Francisco pier shooting. *  *  * As we detailed earlier, in a verdict that has shocked many in the Bay Area (and across America), a jury of six men and six women in sanctuary city San Francisco found illegal immigrant (and five-time deportee) Jose Ines Garcia Zarate not guilty in the death of Kate Steinle. Mr. Garcia Zarate had been homeless at the time of the shooting and had multiple felony convictions and five prior deportations to Mexico. He had been set free from jail only months before the shooting, in defiance of requests by federal immigration authorities, who had asked that he be held longer so he could be deported again. The backlash to his release into the co...

NEO – Hariri backtracks, Prince Salman goes quiet, and Lebanon takes a breath – Veterans Today

Jim W. Dean – Since returning to Lebanon, Saad Hariri has been walking a geopolitical tightrope between Saudi Arabia and his coalition government, while playing the drama queen at the same time.

Lost Password

Register