Analysis Headlines

  • The Wireless Power Grid: More Than A 100 Years In The Making

    Authored by Julieanne Geiger via OilPrice.com, If you can imagine a massive, horrifying beast with some 6 million miles of tentacles that costs up to $33 billion to feed and $5 trillion to replace, then you can imagine the U.S. electricity grid. But it’s a beast that can possibly be vanquished, finally. How? Magnetic induction and resonant coupling. Imagine a future where you can charge your electric vehicles while in motion using a charging mechanism built into the road on which it drives....

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  • Wild Footage Of Mugabe's Son Drenched In Diamonds, Right Before Zimbabwe Coup

    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...

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  • Thanksgiving Travel: Trump's Holiday Gift Is More Invasive Airport Security

    Authored by James Bovard, op-ed via USAToday.com, 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...

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  • Trump Administration Ends Immigration Protections For Haitians Displaced By 2010 Earthquake

    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 program was never intended...

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  • Why Is The DOJ Downplaying Reports Of Proof Linking Obama And Clinton To Russian Corruption

    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 to corner the American...

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  • Cash-Hemorrhaging Uber Announces Plans To Drop $1 Billion On Driverless Volvos

    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 of the company's newly announced decision to drop...

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  • Bubble Dynamics and Market Crashes

    Authored by James Rickards via The Daily Reckoning, To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.” That’s a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a mark-to-market basis) every day. Meanwhile, the more patient, prudent investor is stuck on the sidelines - allocated to cash or low-risk investments while...

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  • Saudi Purge Claims It's Latest Corporate Victim As Kingdom Holdings Sees $1.3 Billion Bank Deal Collapse

    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: The Saudi Purge: The Middle-East Is On The Verge Of A New War If The Saudi Arabia Situation Doesn't Worry You, You're Not Paying Attention Now, per an...

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  • Learning From The '80s: The Power And Irony Of "MDuh"

    Authored by Daniel Nevins via FFWiley.com, 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. Economists and pundits debated the...

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  • Trump Dissolves Charitable Foundation (As Promised)

    Fulfilling a promise he made in December 2016, NBC News reports that President Trump is in the process of dissolving his charitable foundation, which admitted last year that it violated federal rules on "self-dealing." 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 book's co-writer, Tony Schwartz, told CBS...

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  • 100 Billion Reasons To Have Non-Reportable Assets

    Authored by Simon Black via SovereignMan.com, In early March 1938 in a dusty corner of the Arabian desert, Max Steineke finally had the breakthrough he was hoping for. Steineke was the chief geologist for the California Arabian Standard Oil Company (CASOC), a venture owned by what we know today as Chevron. And he hadn’t had a lot of success despite years of effort. Steinke was convinced that massive oil reserves were beneath the sands. He just couldn’t find any. His prized oil well, what was...

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  • Charlie Rose Accused By 8 Women Of Nudity, 'Groping' And Lewd Phone Calls

    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. And just minutes ago, the Washington Post reported that eight women have come forward to accuse...

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  • Trump Dissolves Charitable Foundation (As Promised)

    Fulfilling a promise he made in December 2016, NBC News reports that President Trump is in the process of dissolving his charitable foundation, which admitted last year that it violated federal rules on "self-dealing." 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 book's co-writer, Tony Schwartz, told CBS...

    @zerohedge
  • 100 Billion Reasons To Have Non-Reportable Assets

    Authored by Simon Black via SovereignMan.com, In early March 1938 in a dusty corner of the Arabian desert, Max Steineke finally had the breakthrough he was hoping for. Steineke was the chief geologist for the California Arabian Standard Oil Company (CASOC), a venture owned by what we know today as Chevron. And he hadn’t had a lot of success despite years of effort. Steinke was convinced that massive oil reserves were beneath the sands. He just couldn’t find any. His prized oil well, what was...

    @zerohedge
  • Charlie Rose Accused By 8 Women Of Nudity, 'Groping' And Lewd Phone Calls

    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. And just minutes ago, the Washington Post reported that eight women have come forward to accuse...

    @zerohedge
  • Venezuela's Default Disaster

    Authored by Daniel Lacalle via The Mises Institute, Socialism always promises heaven and gives hell... 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 again...

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  • Russian Oligarch Docks World's Largest Yacht Just Down The Road From Mar-A-Lago

    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. Then hours later,...

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  • Mauldin: It's A Bonfire Of The Absurdities

    Authored by John Mauldin via MauldinEconomics.com, “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 a week. Wondering if it was...

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  • German Government Crisis Sends Stocks Soaring, Gold Down Most In 4 Months

    Following Friday's best day in 6 months, gold tumbled most in 4 months today as the German Government crisis sent investors fleeing any source of safe haven!!?? Sell bonds, sell gold, sell protection... Seriously... Before we get to the farce in US equities, let's look at German stocks... Which is odd because EURUSD actually dumped it all back (after its own machine-driven ramp back to unch)... Oh, yeah and don't forget Chinese stocks' miraculous lift!? As Bloomberg's Vince Cignarella...

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  • BofA's Apocalyptic Forecast: Stocks Flash Crash, Bond Bubble Bursts In H1 2018, War May Follow

    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 S&P target to be unveiled shortly by BofA's equity team and which will probably be around 2,800), and...

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  • AT&T Shocked By DOJ's Imminent Merger-Blocking Lawsuit

    Update (4:20 pm ET): David R. McAtee II, Senior Executive Vice President and General Counsel at AT&T, has released a statement responding to reports DOJ plans to sue to block its purchase of Time Warner. In the statement, McAtee says he's "confident" the courts will side with AT&T.. "Today's DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent.  Vertical mergers like this one are routinely approved because they benefit consumers without removing any...

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  • Hyperinflation in Zimbabwe – It’s back, but maybe not for long

    Submitted by BullionStar.com 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. We can see evidence of this new currency in Zimbabwe's stock...

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  • The US Has Quietly Deployed More Than 500 Troops To Somalia

    Authored by Jason Ditz via AntiWar.com, One of the many quiet escalations in countries where US military operations on the ground hadn’t really been well publicized in the first place, officials say that the US has more than doubled the number of ground troops in Somalia this year, and now have over 500 troops there. This is the most troops the US have had in the country since 1993, when the Black Hawk Down incident killed 18 US soldiers and led to a quick withdrawal from the nation. This year...

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  • Opioid-Related Deaths Drained $500 Billion From The US Economy In 2015

    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 the benefits of fiscal and regulatory policies that limit...

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