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Articles Posted by Lorianne

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  • AP EXPLAINS: Why Syria's al-Qaida may be considering a split

    07/27/2016 2:16:39 PM PDT · by Lorianne · 3 replies
    Al-Qaida's branch in Syria is considering splitting ties with the global terror group, members say. A Nusra Front official told The Associated Press on Tuesday that the group's leader plans to announce a disassociation with al-Qaida soon. Speaking via text message from northern Syria, the official, who spoke on condition of anonymity because he was not authorized to speak publicly about the issue, said Nusra will merge with other insurgent groups. If it does, that could throw a wrench in talks between the U.S. and Russia on a military partnership in Syria, complicating efforts to separate the militant fighters from...
  • [US backed] Rebel group on the verge of total collapse in Aleppo

    07/27/2016 2:14:28 PM PDT · by Lorianne · 1 replies
    Almasdar News ^ | 25 July 2016 | Izat Chakarti
    The commander of the 16th Division of the US-backed Free Syrian Army and his assistants resigned from their positions for “medical reasons”. This armed faction is the main force combatting the Syrian Army in the Bani Zaid and Khaldiyah districts of Aleppo City. All orders, positions, and ranks given by the old commander prior to his resignation are to be canceled. The militants of the opposition group are now on standby awaiting for new orders. The high command of Division 16 most likely abandoned their position after suffering heavy blows on the Layramoun/Khaldiyah axis in terms of equipment and manpower....
  • Plane passenger removed from flight ‘because of his Isis tattoo’

    07/27/2016 1:03:16 PM PDT · by Lorianne · 17 replies
    Metro UK ^ | 24 July 2016 | Harley Tamplin
    A plane was delayed after the cabin crew refused to fly – because a passenger had an Isis flag tattooed on his arm, it was claimed. Another passenger on board the flight from Stockholm in Sweden to Heraklion in Greece raised concerns over the tattoo to airline staff.
  • Solar projects can't save the forest for the trees?

    07/25/2016 7:58:18 AM PDT · by Lorianne · 11 replies
    AP ^ | 23 July 2016 | FRANK ELTMAN
    A green energy project has some environmentalists seeing red. Solar energy ordinarily wins praise from groups that want to cut greenhouse gases, but a proposed solar project at a defunct Long Island nuclear power plant has stirred outrage because it requires demolishing 350 acres of woodlands.
  • France to send artillery to Iraq in fight against ISIL

    07/25/2016 7:54:06 AM PDT · by Lorianne · 16 replies
    Aljazeera ^ | 22 July 2016
    French president announces plan to send artillery, but no ground troops, to combat ISIL in Iraq in August. ___ French President Francois Hollande has said that France will send heavy artillery to Iraq to support the fight against the Islamic State of Iraq and the Levant (ISIL). An aide to the president told the AFP news agency that France would also send military advisors to train Iraqi forces in using the artillery. Elsewhere, protests erupted in Libya's capital, Tripoli, on Thursday following confirmation by Hollande that French special forces are operating in the country and that three French officers had...
  • Amazon To Issue Student Loans To New "Prime" Shoppers

    07/23/2016 10:08:07 AM PDT · by Lorianne · 32 replies
    Zero Hedge ^ | 21 July 2016 | Tyler Durden
    On the off chance the US didn't already have a big enough problem thanks to a staggering $1.3 trillion in student loans which contrary to White House' claims, are crushing an entire generation under their interest expense weight, earlier today none other than billionaire Jeff Bezos announced he was entering the student loan business, when Amazon unveiled a partnership with Wells Fargo in which the bank’s student-lending arm would offer interest-rate discounts to select Amazon shoppers. In Amazon's latest attempt to entice shoppers into its premium Prime program, Wells Fargo will cut half a percentage point from its interest rate...
  • Gunfire often connected to gangs hitting Chicago children

    07/23/2016 9:33:03 AM PDT · by Lorianne · 22 replies
    AP ^ | 20 July 2016 | DON BABWIN
    CHICAGO (AP) -- The Chicago mother thought she knew when it was safe to take her children outside, that her ability to size up and avoid people trouble seemed to follow would protect them. Then a bullet fired from a gun that D'Antignay Brashear never saw pierced the cheek of her 4-year-old son, Kavan Collins. It fractured the boy's jaw and shattered some teeth before it went out his other cheek, all while he held his mother's hand. - Six-year-old Jaylene Bermeo was drawing with sidewalk chalk on the evening of June 6 in the Logan Square neighborhood on the...
  • Farage To Address RNC In Cleveland, Says Brexit Has ‘Lessons’ For America

    07/19/2016 8:37:28 AM PDT · by Lorianne · 21 replies
    Farage will be attending the Republican National Convention, where he will tell delegates that Brexit holds lessons for America. UKIP European Member of Parliament (MEP) and former party leader Nigel Farage will be heading to Cleveland, Ohio, next week to attend the Republican National Committee Convention. USA Today reported that Mr. Farage said the UK’s vote to leave the European Union (EU) holds lessons for America.
  • Hillary’s Illegal War In Libya And Arms Supply To Terrorists

    07/01/2016 6:12:33 PM PDT · by Lorianne · 14 replies
    Contra Corner ^ | 30 June 2016 | Andrew P. Napolitano
    The 800-plus-page report of the House Select Committee on Benghazi was released earlier this week. It slams former Secretary of State Hillary Clinton for her willful indifference to her obligation to repel military-style attacks on American interests and personnel at the U.S. Consulate and a nearby CIA annex in Benghazi, Libya. She particularly failed to save the lives of U.S. Ambassador Christopher Stevens and three of his colleagues, all under her care and control while she was secretary of state. The report also slams Clinton for her repeated lies about the cause of the attacks. After she told her daughter...
  • Ex-State Dept. Official May Have Lied To Congress About Hillary’s Email Setup

    07/01/2016 6:07:04 PM PDT · by Lorianne · 26 replies
    Daily Caller ^ | 28 | Chuck Ross
    The recent release of House Benghazi Committee interview transcripts includes one from a now-retired State Department official who appears to have given inconsistent statements about his knowledge of Hillary Clinton’s email practices. During an interview with the committee last year, John Bentel, the former director of the Executive Secretariat’s information resource management division, which manages records and communications for State Department’s leadership, claimed he had no knowledge of Clinton’s use of personal email account or private server. But emails recently released by Judicial Watch — as well as findings laid out in a recent State Department inspector general’s report —...
  • Pending Home Sales Sink 3.7%, Last Month Revised Way Lower, GDP Will Follow

    07/01/2016 5:59:25 PM PDT · by Lorianne · 3 replies
    Mish Talk ^ | 29 June 2016 | Mike “Mish” Shedlock
    Pending home sales dove 3.7%, well below the Bloomberg Econoday consensus estimate of -1%, and even below the bottom estimate of -2.4% The bad details continue, as last month’s huge rise of 5.1% was lowered to 3.9%. “Highlights Existing home sales have been trending higher but today’s pending home sales index, which tracks contract signings, may be pointing to slowing for the early part of the summer. The index fell a steep 3.7 percent in the May report to nearly reverse a downward revised 3.9 percent jump in April. Year-on-year, the pending sales index is down 0.2 percent which hints...
  • Meet Donald Zuckerberg – Facebook Founder Builds ‘Oppressive’ Wall Around Hawaii Property

    07/01/2016 5:56:52 PM PDT · by Lorianne · 35 replies
    Liberty Blitzkrieg ^ | 29 June 2016 | Michael Krieger
    Just in case you’re still wondering why the world’s so-called “elites” are losing credibility and respect faster than Mario Draghi can say “whatever it takes…” New York Magazine reports: In April, Facebook founder Mark Zuckerberg told a crowd of developers that he heard “fearful voices calling for building walls.” At the time it was widely assumed he was talking about Republican presidential candidate Donald Trump. But perhaps he was just hearing the voices echoing across his enormous Hawaiian estate? Back in 2014, the Facebook CEO purchased 700 acres of land on the island of Kauai for a cool $100 million....
  • FBI asks agencies who responded to Pulse to deny records requests

    07/01/2016 5:03:51 PM PDT · by Lorianne · 34 replies
    Orlando Sentinel ^ | 29 June 2016 | Christal Hayes
    he FBI has asked law enforcement agencies who responded to Pulse nightclub to withhold records from the public, according to officials. A June 20 letter from the FBI, attached to the City or Orlando's lawsuit over withholding 911 calls and other records from 25 media outlets including the Orlando Sentinel, was also sent to the Seminole County Sheriff's Office with instructions pertaining to how they should respond to records requests. The letter requests that agencies deny inquiries and directs departments to "immediately notify the FBI of any requests your agency received" so "the FBI can seek to prevent disclosure through...
  • Health Care Costs Rising Sharply (And It Will Get Worse)

    07/01/2016 5:01:33 PM PDT · by Lorianne · 8 replies
    Mish Talk ^ | 30 June 2016 | Mike “Mish” Shedlock
    Inquiring minds are diving into Kaiser Family Foundation reports on health care. The charts and stats are not pretty, and they are sure to get worse.
  • John Kerry: 'We Are Not Frozen in a Nightmare'

    07/01/2016 4:38:34 PM PDT · by Lorianne · 28 replies
    Atlantic, the ^ | 28 June 2016 | Conor Friedersdorf
    Defending the Obama Administration’s geopolitical record, the secretary of state laid out a vision of an America that is globalist, engaged, and deeply interventionist. ___ Amid tumult in world affairs, with a deadly attack on an airport in Istanbul, Turkey, EU countries grappling with Britain’s impending exit, and an ongoing war against ISIS, Secretary of State John Kerry sought to reassure an Aspen audience Tuesday that “the world is not witnessing global gridlock. We are not frozen in a nightmare. Where we are engaged with a clear strategy, using our power thoughtfully, we are making progress, most places.” There are...
  • Connecting Dots Benghazi 2016 to Istanbul 2016. @aaronkleinshow, Breitbart Jerusalem.

    06/30/2016 7:49:16 PM PDT · by Lorianne · 7 replies
    John Batchelor show ^ | 29 June 2016 | john batchelor interview Aaron Klein
    audio 20:54 “…The report contains new details, revealing the arrival of a 30-vehicle motorcade of ex-Qaddafi generals backed by 50-heavily armed security vehicles. The former generals were part of a unit called the #Libyan Military Intelligence, a grouping so secretive that even the #CIA Annex didn’t know it existed. “The report relates: “At 6:16 a.m., a 30-vehicle motorcade arrived at the Annex to provide transport support by the Libyan Military Intelligence. The motorcade, including technical, pick-up trucks retrofitted with mounted machine gun-like weapons, arrived. “The forces that arrived at the Annex shortly after the mortar attacks were able to transport...
  • The Math Myth: And Other STEM Delusions

    06/30/2016 2:27:32 PM PDT · by Lorianne · 55 replies
    John Batchelor show ^ | 29 June 2016 | John Batchelor interviews author Andrew Hacker
    audio 19:01 “Hacker's accessible arguments offer plenty to think about and should serve as a clarion call to students, parents, and educators who decry the one-size-fits-all approach to schooling.” —Publishers Weekly (starred review) “A lively argument against the assumption that if the United States is to stay competitive in a global economy, our students require advanced training in mathematics.” —Kirkus Reviews “The Math Myth persuasively and satisfyingly debunks assertions about the practical value of requiring all students to master higher-level mathematics—and also points up the real harm caused by the Common Core standards and college-admission exams, which are constructed on...
  • Unfair “Fair Housing”

    06/30/2016 6:26:03 AM PDT · by Lorianne · 7 replies
    City Journal ^ | Spring 2016 | Howard Husock
    A divisive issue has arisen in Hillary Clinton’s tony adopted hometown of Chappaqua (population 1,400), in New York’s Westchester County: affordable housing—specifically, whether to permit the construction of subsidized apartments for low-income families near the train station. In 2009, the county reached a settlement with the federal government of a lawsuit alleging that it had failed to remove racial and income-related barriers for poor residents seeking better housing—in effect, that it had discriminated. Since then, HUD has doggedly pushed Westchester, including its wealthy localities, to finance hundreds of new units of subsidized housing and to market them aggressively, particularly to...
  • Poland calls for Juncker to QUIT as other nations fume that EU has too much power

    06/30/2016 6:03:24 AM PDT · by Lorianne · 9 replies
    Source material cannot be posted to FR | 28 June 2016
    see link in post below
  • Earthquakes Cause Giant Natural Gas Field To Cut Production By 44%

    06/29/2016 7:20:22 PM PDT · by Lorianne · 11 replies
    Oil Price ^ | 27 June 2016 | Dave Forest
    Europe just lost a big chunk of production from one of its most critical natural gas fields, and not for any of the usual reasons — technical problems, pipeline constraints, or terrorist disruptions. These cuts are due to earthquakes. The development came at the Groningen natgas field in the Netherlands. The largest producing field in Western Europe — and one of the world’s top 10 gas fields by size. Groningen’s massive size has been an issue lately though, with drawdown from the field having caused seismic events in the areas above and surrounding the field. Such concerns prompted the Dutch...
  • Elites Set Up New Conflict Between Populism and Globalism as Chaos Looms

    06/28/2016 7:10:53 PM PDT · by Lorianne · 33 replies
    Daily Bell, the ^ | 27 June 2016
    Did we ever think we would see the day when the New York Times would willingly acknowledge a battle over globalization? And it not just the New York Times. Here are some other mainstream media headlines mentioning globalism: •Brexit: Unraveling of a Global Post-War Structure •Brexit: Asian powers warnings over global stability •Brexit’s Impact on Global Economy Depends on Leaders The mainstream media usually doesn’t acknowledge globalism as an issue. Like central banking it is simply asserted as a fact, as natural as the air we breathe. But now all of a sudden we are finding out it is a...
  • Dealing with a Financial Crisis under cover of Brexit Chaos

    06/28/2016 6:07:46 PM PDT · by Lorianne · 11 replies
    Wolf Street ^ | 26 June 2016 | Wolf Richter
    Remember TARP, the Troubled Asset Relief Program that the US Congress approved to bail out banks and other companies during the Financial Crisis? $700 billion were authorized, later reduced to $475 billion. The Treasury eventually dispersed $432 billion. I bring this up because the ECB bailed out the European banks with more than TARP, in just one day: on Brexit Black Friday. The ECB saw what was happening to the shares of the largest banks on that propitious day. It saw a blooming financial crisis: Top UK Banks: •HSBC, the apparent winner in this fiasco, perhaps because of its exposure...
  • Brexit and the Future of Europe

    06/27/2016 9:04:35 PM PDT · by Lorianne · 2 replies
    Project Syndicate ^ | 25 June 2016 | George Soros
    German Chancellor Angela Merkel’s decision to open her country’s doors wide to refugees was an inspiring gesture, but it was not properly thought out, because it ignored the pull factor. A sudden influx of asylum-seekers disrupted people in their everyday lives across the EU. ... The lack of adequate controls, moreover, created panic, affecting everyone: the local population, the authorities in charge of public safety, and the refugees themselves. It has also paved the way for the rapid rise of xenophobic anti-European parties – such as the UK Independence Party, which spearheaded the Leave campaign – as national governments and...
  • The howl against democracy

    06/26/2016 7:52:21 PM PDT · by Lorianne · 41 replies
    Spectator (UK) ^ | 26 June 2016 | Brendan O'Neill
    There’s a delicious irony to Remainers’ branding of Leave voters as confused individuals who have simply made a desperate howling noise, whose anti-EU vote was a ‘howl of anger’ (Tim Farron) or a ‘howl of frustration’ (JK Rowling). Which is that if anyone’s been howling in recent days, it’s them, the top dogs of the Remain campaign. They are howling against the demos; raging against the people; fuming about a system that allows even that portly bloke at the end of your street who never darkened the door of a university to have a say on important political matters. That...
  • Why Does the IRS Need Guns?

    06/26/2016 8:12:31 AM PDT · by Lorianne · 65 replies
    Open the Books ^ | 16 June 2016 | Tom Coburn, Adam Andrzejewski
    Special agents at the IRS equipped with AR-15 military-style rifles? Health and Human Services "Special Office of Inspector General Agents" being trained by the Army’s Special Forces contractors? The Department of Veterans Affairs arming 3,700 employees? The number of non-Defense Department federal officers authorized to make arrests and carry firearms (200,000) now exceeds the number of U.S. Marines (182,000). In its escalating arms and ammo stockpiling, this federal arms race is unlike anything in history. Over the last 20 years, the number of these federal officers with arrest-and-firearm authority has nearly tripled to over 200,000 today, from 74,500 in 1996....
  • IMF warns the US over high poverty

    06/24/2016 7:12:09 PM PDT · by Lorianne · 45 replies
    BBC News ^ | 22 June 2016
    The US has been warned about its high poverty rate in the International Monetary Fund's annual assessment of the economy. The fund said about one in seven people were living in poverty and that it needed to be tackled urgently. It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work. The report also cut the country's growth forecast for 2016 to 2.2% from a previous prediction of 2.4%. Slower global growth and weaker consumer spending were blamed.
  • Hamas-Linked CAIR Lawyers-Up Orlando Terrorist’s Family, Mosque Suspects

    06/24/2016 1:04:31 PM PDT · by Lorianne · 11 replies
    Counter Jihad ^ | 23 June 2016 | Paul Sperry
    If you are a member of the media or even an investigator with the FBI seeking to question members of the Orlando terrorist’s family or mosque, you will now have to go through a federally listed terrorist front group — the Council on American-Islamic Relations. If you are a member of the media or even an investigator with the FBI seeking to question members of the Orlando terrorist’s family or mosque, you will now have to go through a federally listed terrorist front group — the Council on American-Islamic Relations. (excerpted)
  • Banks may have a subprime auto loan problem

    06/24/2016 12:51:34 PM PDT · by Lorianne · 40 replies
    CNBC ^ | 22 June 2016 | Tae Kim
    Negative subprime auto data from CarMax's earnings is bad news for regional banks, according to investment firm Piper Jaffray. "CarMax is the largest used car dealer in the country, we believe these developments indicate we will continue to see more pressure on used car prices in the coming months," Piper Jaffray's Kevin Barker wrote in a note to clients Tuesday. He added, "The decline in sales from lower tier borrowers (near-prime to subprime) are a clear signal the market recognizes subprime lending may have been overextended. These developments continue to confirm our thesis that lower used car prices and lower...
  • What Does It take to Be Upper Middle Class?

    06/24/2016 12:48:21 PM PDT · by Lorianne · 36 replies
    Of Two Minds ^ | 21 June 2016 | Charles Hugh Smith
    What's left unsaid is much of the upper middle class is prospering due to privileged positions that are increasingly at risk of disruption ___ What does it take to be upper middle class? According to one analyst, the answer is: at least $100,000 a year for a family of three. The Growing Size and Incomes of the Upper Middle Class (Urban Institute). http://blogs.wsj.com/economics/2016/06/21/not-just-the-1-the-upper-middle-class-is-larger-and-richer-than-ever/ The paper claims the upper middle class has grown from 12.9% of the population in 1979 to 29.4% in 2014--in essence, the shrinkage of the "middle class" is not just from households dropping down the ladder but...
  • Zombie states deteriorating faster and further

    06/24/2016 12:44:11 PM PDT · by Lorianne · 4 replies
    Truth in Accounting ^ | 20 June 2016 | Bill Bergman
    2014 article by author 'Zombie' Pensions: When Accounting Practices Hide the Truth from Taxpayers http://www.governing.com/gov-institute/voices/col-zombie-public-pension-funds-accounting-practices.html
  • State Department Disabled Security Software To Allow Hillary's Private Server Emails

    06/24/2016 12:33:42 PM PDT · by Lorianne · 13 replies
    Zero Hedge ^ | Tyler Durden
    Emails released under court order Wednesday to Judicial Watch show that in December 2010, State Department technical staff had to disable software on their systems intended to block phishing emails that could deliver dangerous viruses. The reason: The State Department was trying to resolve delivery problems with emails sent from Hillary Clinton's private server. Deputy chief of staff Huma Abedin and Hillary both used Clinton's private server, and as AP reports, both had complained that emails each sent to State Department employees were not being reliably received. "This should trump all other activities" Ken LaVolpe, a senior technical official told...
  • Mark Zuckerberg Tapes Laptop Camera And Microphone (trunc)

    06/24/2016 12:31:26 PM PDT · by Lorianne · 20 replies
    International Business Times ^ | 22 June 2016 | David Gilbert
    Given that he recently had the embarrassment of having his Twitter and Pinterest accounts hacked, it is really no surprise to learn that Facebook CEO Mark Zuckerberg is taking some additional security measures after he accidentally revealed he tapes over the camera and microphone of his laptop. Celebrating Instagram's announcement Tuesday that it had grown to 500 million users, Zuckerberg posted a photo of himself at his desk with a cardboard cutout of the Instagram interface. Here's the photo:
  • Is the Syrian War About to Experience a Major Escalation?

    06/24/2016 12:22:54 PM PDT · by Lorianne · 5 replies
    Liberty Blitzkrieg ^ | 22 June 2016 | Michael Krieger
    Hillary’s record includes supporting the barbaric “contras” against the Nicaraguan people in the 1980s, supporting the NATO bombing of the former Yugoslavia, supporting the ongoing Bush-Iraq War, the ongoing Afghan mess, and as Secretary of State the destruction of the secular state of Libya, the military coup in Honduras, and the present attempt at “regime change” in Syria. Every one of these situations has resulted in more extremism, more chaos in the world, and more danger to our country. Next will be the borders of Russia, China, and Iran. Look at the viciousness of her recent AIPAC speech (don’t say...
  • ISIS Jihadists Caught This Week in California and Indiana

    06/24/2016 11:51:57 AM PDT · by Lorianne · 10 replies
    Counter Jihad ^ | 24 June 2016 | Bruce Cornibe ·
    This week Americans were reminded yet again of the growing jihadist problem in the U.S. The first case deals with two California men that tried to join ISIS and who were convicted Tuesday of “conspiracy to aid a foreign terrorist organization.” The Times of Israel shows the motivation behind the two men: The FBI affidavit said the men shared their support for the Islamic State in conversation and on social media, sharing photos of “unbelievers” being beheaded and expressing wishes to die as “martyrs.” Elhuzayel [one of the convicted men] had sworn allegiance to the leader of IS on a...
  • As Europe’s sceptics cheer Brexit, its enthusiasts mourn

    06/24/2016 10:59:30 AM PDT · by Lorianne · 25 replies
    Economist ^ | 24 June 2016
    The shocked reactions of many European leaders suggested they had not fully absorbed the possibility of a vote for Brexit. Angela Merkel, Germany’s chancellor, called a crisis meeting of parliamentary leaders and cabinet members. In Rome, the Italian prime minister, Matteo Renzi, convened an emergency meeting of ministers and scrapped a scheduled summit of his party’s leaders. France’s president, François Hollande, held a long emergency session at the Elysée. When he emerged his tone was measured (he promised to continue to work closely with Britain), but he added that the EU now needed a “leap forward” to ward off the...
  • England Has a Soul, If She Can Keep It

    06/23/2016 3:30:08 PM PDT · by Lorianne · 42 replies
    First Things ^ | 22 June 2016 | Francesca Aran Murphy
    “England,” our Fairest Isle, including Scotland and Wales, looks like one single place because it is one single place. It is surrounded on all sides by water, which marks its boundaries and colours the British soul. You may say that there is no such thing as the “soul” of England: We may imagine her as Britannia, but a country is not a person. The only corporate personality, I am reliably told by R. R. Reno, is the Church. Countries are not persons, said the Oracle. No, maybe not—but they are analogous to persons, and they have some analog of a...
  • WWII Lancaster bomber and its crewmen's remains discovered in German field [after] 69 years

    06/22/2016 9:29:31 PM PDT · by Lorianne · 30 replies
    Daily Mail UK ^ | 21 June 2016 | Jill Reilly
    Sixty-nine years after their burning plane plunged to the ground after being shot down by the Germans, the remains of seven Lancaster Bomber crewmen have been recovered. They were discovered by a team of German historians who spent hours digging a muddy field near Frankfurt looking for the RAF crew after an eyewitness who saw the plane crash guided them to the site. Lancaster ED427 was one of 327 bombers that took part in a raid on the Skoda armaments works at Pilsen, Czechoslovakia. On their return to their base at RAF Fiskerton, Lincs, they came under fire from German...
  • Birth of superstate: Frederick Forsyth on how UNELECTED Brussels bureaucrats SEIZED power

    06/22/2016 8:54:02 PM PDT · by Lorianne · 12 replies
    Source material cannot be posted to FR | 13 June 2016
    see link below
  • If You Want More Jobs and More Job Stability, Disrupt More, Not Less

    06/22/2016 8:45:00 PM PDT · by Lorianne · 3 replies
    Of Two Minds ^ | 20 June 2016 | Charles Hugh Smith
    Two recent studies reflect the ongoing rapid transformation of the U.S. economy: The New Map of Economic Growth and Recovery (eig.org) The U.S. Labor Market Is Far More Stable Than People Think (itif.org) I've addressed the dynamic mix of technical and entrepreneurial skills, social and financial capital and infrastructure of opportunities required to successfully navigate this transformation in my books Get a Job, Build a Real Career and Defy a Bewildering Economy and The Nearly Free University and the Emerging Economy: The Revolution in Higher Education. Here's the problem in a nutshell: job growth, new businesses and wage gains are...
  • AP FACT CHECK: Clinton takes liberties in Trump takedown

    06/22/2016 8:39:03 PM PDT · by Lorianne · 32 replies
    AP ^ | 21 | CHRISTOPHER S. RUGABER and CALVIN WOODWARD
    Hillary Clinton rattled off a series of claims about Donald Trump on Tuesday that seemed too strange to be true. Some were. Some weren't. CLINTON: "Donald Trump ... has no serious plan to encourage manufacturing, innovation or job creation in America." THE FACTS: Serious is in the eye of the beholder, but Trump's proposal to sharply cut the corporate tax rate from 35 percent to 15 percent is intended to encourage more businesses to remain in the U.S. rather than move overseas. Trump's proposed cut is steeper than most but the idea of cutting corporate taxes has widespread support among...
  • NY Fed Warns about Booming Subprime Mortgages, now Insured by the Government

    06/22/2016 8:35:08 PM PDT · by Lorianne · 10 replies
    Wolf Street ^ | 21 June 2016 | Wolf Richter
    “Astronomical” default rates and losses. The New York Fed just warned about the ticking mortgage subprime time bombs once again being amassed, and what happens to them when home prices decline. But unlike during the last housing bust, a large portion of these time bombs are now guaranteed by the government. Subprime mortgages are what everyone still remembers about the Financial Crisis. They blew up has home prices fell. Folks who thought they were “owners with equity” found out that they were just “renters with debt.” And they dealt with it the best they could: forget the debt and the...
  • For minorities, pain is severe decade after housing peaked

    06/22/2016 8:31:18 PM PDT · by Lorianne · 21 replies
    AP ^ | 20 June 2016 | Josh Boak
    When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans. A disproportionate number of minorities succumbed to subprime mortgages and foreclosures and lost their homes. Their collective loss of home equity and shift toward rental housing could widen America's racial and ethnic divides well into the future, according to researchers and housing advocates. The drop in home ownership has grown so severe that it could impede wealth creation for generations of minority families, said Antoine Thompson, executive director of the National Association of Real Estate...
  • City records 300th homicide with 13 over Father's Day weekend

    06/22/2016 8:22:25 PM PDT · by Lorianne · 28 replies
    Chicago Tribune ^ | 20 June 2016 | Alexandra Chachkevitch and Peter Nickeas•
    he city recorded its 300th homicide this weekend and went on to record six others over a 60-hour period that saw 59 people shot, 13 fatally, from Friday afternoon through early Monday morning. So far this year, about 1,800 people have been shot across the city and more than 200 of those wounded have died of their wounds, according to records kept by the Chicago Tribune. A total of 306 people have been killed this year by shooting, stabbing or other means, Tribune records show. A 3-year-old boy was among the wounded who survived the weekend shootings. Police said he’s...
  • Clinton Foundation Said to Be Breached by Russian Hackers

    06/22/2016 8:18:23 PM PDT · by Lorianne · 39 replies
    Source material cannot be posted to FR | 21 June 2016
    see below for link
  • Facebook hosts a lot of fake news, and big brands say it's on you to sort it out

    06/22/2016 8:13:23 PM PDT · by Lorianne · 8 replies
    Yahoo News ^ | 14 June 2016 | Melody Hahm
    Facebook (FB) has become a place where people get their news. According to Chartbeat, Facebook is the No. 1 referral source for publishers, ahead of Google Search (GOOGL), Twitter (TWTR) and Google News. There’s just one glaring problem: the site hosts fake news, too. Maybe you’ve noticed some of these spammy articles peppering your Facebook feed. In case you haven’t, here’s an example: A page called “Flex News” posted a piece called “Clay Matthews Suspended For 2016 Season?” Tagged as “ESPN Football” and written “by GoPro,” (GPRO) the article appears like any other legitimate piece of content...until you click it....
  • Wall Street has been rocked by an $8 billion hedge fund's implosion

    06/22/2016 8:05:53 PM PDT · by Lorianne · 24 replies
    Business Insider ^ | 19 June 2016 | Rachael Levy
    Visium Asset Management, a multibillion dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It’s the most high-profile shutdown since authorities forced Steve Cohen’s controversial SAC Capital to close in 2013. A slew of factors — from a brewing insider-trading scandal to a contentious investment by Visium’s founder that rankled investors and staffers alike — led to Visium’s demise. On top of all of that, Visium’s flagship fund had been reporting dismal performance. Visium is selling one of its better performing...
  • How Fiat Money Destroys Culture

    06/21/2016 2:38:18 PM PDT · by Lorianne · 17 replies
    Mises Wire ^ | 07 June 2016 | Jörg Guido Hülsmann
    It may seem unusual that an economist would talk about culture. Usually, we talk about prices and production, quantities produced, employment, the structure of production, scarce resources, and entrepreneurship. But there are certain things that economists can say about the culture, and more precisely, that economists can say about the transformation of the culture. So what is culture? Well, to put it simply, it is the way we do things. This can include the way we eat — whether or not we dine with family members on a regular basis, for example — how we sleep, and how we use...
  • Freakishly Huge Lizard Shows Up at Family's Front Door, Tries to Turn the Knob

    06/21/2016 1:06:47 PM PDT · by Lorianne · 7 replies
    Yahoo ^ | 17 June 2016 | Johanna Li
    Knock knock! It seems this freakishly enormous lizard in Thailand has our doorbell-ringing alligator neighbor beat. Read: 9-Foot Alligator Knocks On Woman's Door in The Middle of The Night A family in Nonthaburi, Thailand, came home one afternoon to find what appears to be a giant monitor lizard, standing on its hindlegs and appearing to reach for the knob on their front door.
  • Read This Before The Government Uses the Orlando Shooting to Start Another War

    06/21/2016 12:51:52 PM PDT · by Lorianne · 30 replies
    Anti Media ^ | 17 June 2016 | Claire Bernish
    Late Thursday evening, the Wall Street Journal reported, 51 State Department officials signed a statement condemning U.S. policy in Syria in which they repeatedly call for “targeted military strikes against the Damascus government and urging regime change as the only way to defeat Islamic State.” “In other words,” as Zero Hedge summarized, “over 50 top ‘diplomats’ are urging to eliminate [Syrian Pres. Bashar al] Assad in order to ‘defeat ISIS’, the same ISIS which top US ‘diplomats’ had unleashed previously in order to … eliminate Assad.” This gordian knot created by United States foreign policy — and intensified by that...
  • How the Welfare State Dies

    06/21/2016 12:48:41 PM PDT · by Lorianne · 7 replies
    Contra Corner ^ | 16 June 2016 | Pater Tenebrarum
    Hollande Threatens to Ban Protests Brexit has diverted attention from another little drama playing out in Europe. As of the time of writing, if you Google “Hollande threatens to ban protests” or variations thereof, you will find Russian, South African and even Iranian press reports on the topic. Otherwise, it’s basically crickets (sole exception: Politico). Gee, we wonder why? They don’t like him anymore: 120.000 protesters recently turned Paris into a war zone. All Hollande wanted to do was to loosen a handful of labor market restrictions (it’s too little too late of course). France’s labor legislation is among the...