B+ Headlines

  • What Makes Google's Eric Schmidt So Afraid? (And What Should He Be Afraid of?)

    Authored by Jan Oberg via The Strategic Culture Foundation, OK, it’s from Russia Today so you should of course not trust it but somehow this video and text and the man in it seems quite factual, not fake and obviously not omitted. It documents that Eric Emerson Schmidt, the Executive Chairman of Alphabet – an American multinational conglomerate that owns a lot and among them Google – is working on “de-ranking” alleged propaganda outlets such as Russia Today, RT – the world’s third largest...

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  • Rediscovering America: A Quiz On Thanksgiving

    Authored by Roger Beckett via InsideSources.com, Today, Americans will celebrate their oldest tradition: the observance of Thanksgiving, which dates back to 1621. The quiz below, from the Ashbrook Center at Ashland University in Ohio, provides an opportunity to test your knowledge of the history and customs of the nearly 400-year-old holiday. *  *  * 1. The first credited Thanksgiving was celebrated at the Plymouth Plantation in Massachusetts. How long was the first Thanksgiving feast? A. One...

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  • Michigan Township Blocks Nestle From Bottling, Reselling Its Groundwater

    A small Michigan township is making a stand against Nestle, temporarily blocking the company from pumping millions of gallons of groundwater for bottled water. Citizens near Evart, Michigan became outraged when Nestlé proposed to build even larger pipelines to increase the flow of water to its plant in Standwood. Global News CA details the local resistance to Nestlé’s proposed expansion to collect even more ground water: The added capacity provided by the proposed booster pump would make it...

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  • Taxes: Here's What's Going To Stay The Same

    Authored by Simon Black via SovereignMan.com, On October 3, 1913, US President Woodrow Wilson signed the Underwood-Simmons Act into law, creating what would become the first modern US income tax. The legislation (at least, the income tax portion) was only 16 pages and imposed a base tax rate of just 1%. The highest tax rate was set at 7%– and it only applied to individuals earning more than $500,000 per year, which is about $12.6 million today according to the Bureau of Labor Statistics. And...

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  • These Are The 7 Companies Amazon May Purchase Next

    On Monday, a Morgan Stanley report that Amazon was contemplating "disrupting" the Healthcare Distribution sector slammed stocks in the industry, sending the sector sharply lower. Fast forward two days, when Amazon's disruption appears to have started earlier than even MS anticipated, after a CNBC report that AWS CEO Andy Jassy is planning to announce that Amazon is teaming up with Cerner, one of the world's largest health technology companies, to help health-care providers better use their data...

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  • Do We Really Need A Federal Ban On Horse Meat?

    Authored by Ryan McMaken via The Mises Institute, For decades in the United States, turkey has been the center of the Thanksgiving meal. Some eccentrics may offer other choices, such as roast beef or duck, but nowadays, it's a sure bet that few households will be offering horse meat as one of Thursday's featured dishes.  Horse meat has largely disappeared from the Western diet, and not even our pets eat much horse anymore. In the United States, however, this flight from horse meat has been...

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  • WTI/RBOB Slide After Smaller Than Expected Crude Draw, New Record High Production

    With WTI at its highest since July 2015, vol at 8mo lows, and the front-end flipped into backwardation for the first time since Nov 2014, it appears a lot of hope is priced into continued equlilibration (and OPEC). Last night's API (crude draw) provided some more confirmation but this morning's DOE data disappointed with a smaller than expected crude draw, and production rose once again to a new record high. “Domestic production is going to be the big nugget that everybody will be racing to see,...

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  • Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust

    Geopolitical risk highest "in four decades" should push gold higher - Citi - Elections, political and macroeconomic crises and war lead to gold investment- Political uncertainty in Germany means "gold likely to remain in good demand as a safe haven" say Commerzbank-  “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” - Commerzbank- Reduce counter party risk: own safe haven allocated and segregated gold Editor: Mark O'Byrne The...

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  • Goldman Bets On "Rational Exuberance": Unveils Its S&P Price Targets, Sees Bull Market Lasting Until 2020

    Just days after Barclays released its 2018 equity outlook with the title "Rational Exuberance"... ... Goldman's David Kostin decided that imitation is the sincerest form of flattery and in presenting his S&P price target* for 2018 (and 2019 and 2020), and has named his preview report the same: We footnoted price target, because once again Kostin has decided to avoid making a definitive forecast for where the S&P will go in the near term, and instead - as he did one month ago - has left...

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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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  • 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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  • Bill Blain: "Stock Markets Don't Matter; The Great Crash Of 2018 Will Start In The Bond Market"

    "Stock markets don’t matter. The truth is in bond markets. And that’s where I’m looking for the dam to break. The great crash of 2018 is going to start in the deeper, darker depths of the Credit Market."

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  • Options Traders Furiously BFTD!

    Via Dana Lyons' Tumblr, Despite the down day yesterday, one indicator from the equity options market recorded a massive spike in bullishness. We like to track metrics from the various stock options exchanges as a measure of stock market sentiment. Generally, when too many calls are being bought versus puts, it is a warning of overheated bullishness, and when put volume becomes extreme relative to calls, it can be a sign of excessive fear. One particular indicator we used to track closely was...

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  • Why We're Buying Physical Gold with a $1700 Target

    originally on marketslant.com For What it is Worth: We are buying Gold in our small family fund. This is a trade, not an investment. Potentially a much longer term trade for us than normal, possibly a 12 month hold as opposed to our 3 day positions. We are buying physical in quantities that will not need to be sold if we are wrong, thus no leverage. We will also be swing trading gold with an upward bias as our indicators dictate below $1260 or above $1306. Target  picking is risky in an asset...

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  • WTI/RBOB Slide On Surprise Build As US Crude Production Hits New Record High

    WTI/RBOB extended yesterday's IEA-driven losses after a big crude build reported overnight by API, and DOE did nothing to assuage that with a 1.85mm crude build (admittedly smaller than API's projected 6.5mm, but notably different from the 2.4mm draw expected), Gasoline also surprised with a build and WTI/RBOB extended losses. Additionally US Crude production rose to a new record high. Bloomberg Intelligence energy analyst Fernando Valle notes: Weaker demand drove a negative print for crude and...

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  • ‘The Atlantic’ Commits Malpractice, Selectively Edits To Smear WikiLeaks

    Originally published on Medium by Caitlin Johnston (@Caitoz). This must-read rebuke of 'The Atlantic' republished with permission. —– ‘The Atlantic’ Commits Malpractice, Selectively Edits To Smear WikiLeaks Everyone was buzzing about the shocking, bombshell new report by The Atlantic yesterday, which revealed that Donald Trump Jr. and the WikiLeaks Twitter account had engaged in a “largely one-sided” conversation in private messages over the course of several months. Don Jr. actually comes off...

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  • Axel Merk: Tax Reform Implications For Gold

    Authored by Axel Merk via Merk Investments, Last week, I got several calls asking me how U.S. tax reform will impact the price of gold. If you can answer this question, you might be able to answer how tax reform will impact other assets. Let me explain. If you were to analyze the impact of any tax changes on any asset, you have two sets of dynamics to consider: those of the tax reform and those of the asset. What makes the comparison to gold unique is that gold is, if I may call it such, the...

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  • Mideast Turmoil: Follow The Oil, Follow The Money

    Authored by Charles Hugh Smith via OfTwoMinds blog, In this scenario, time is running out for Saudi Arabia's free-spending royalty and state - and for all the other free-spending oil exporters. While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase is to follow the oil, follow the money. Correspondent B.D. recently posited a factor that has been largely overlooked in the geopolitical / fate-of-the-petrodollar...

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  • IEA Pours Cold Water On OPEC Optimism, Warns Global Oil Demand Shrinking

    Pouring cold water on yesterday's optimistic demand forecast projected by OPEC, which projected global crude demand growth to rise by 1.5mm b/d in 2018, this morning the International Energy Agency warned that the crude oil price rally could be short-lived because, contrary to OPEC's expectations, global oil demand will be weaker than expected this year and next. In its closely watched monthly oil report, the IEA cut its crude demand growth outlook by 100,000 barrels a day for 2017 and 2018, as...

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  • The Bitcoin Hard Fork—A Tiger by the Tail

    It did not happen. The bitcoin hard fork scheduled for block number 494,784 that was agreed to at the Consensus meeting in May that was to be enacted in mid-November has been cancelled.  Mike Belshe, CEO of BitGo, stated, “we have not built sufficient consensus for a clean block size upgrade at this time.” SegWit2X, as the upgrade was to be known, would have doubled the bitcoin block size from one megabyte to two and removed the signature data now processed with each transaction. With the...

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  • How The Fed Destroyed The Functioning American Democracy And Bankrupted The Nation

    Authored by Chris Hamilton via Econimica blog, I hope this article brings forward important questions about the Federal Reserves role in the US and I openly admit this is by no means a comprehensive article...it simply attempts to begin a broader dialogue about the financial and economic impacts of allowing the Federal Reserve to direct America's economy. Against the adamant wishes of the constitutions framers, in 1913 the Federal Reserve System was Congressionally created.  According to the...

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  • Welcome To The Sue-nited States Of America

    Authored by Simon Black via SovereignMan.com, On the morning of February 27, 1992, 79-year old Stella Liebeck and her grandson Chris pulled up to a McDonald’s drive-through in Albuquerque, New Mexico and ordered a $0.49 cup of coffee. Chris pulled the car over and parked momentarily so that his grandmother could add cream and sugar. While doing so, she accidentally spilled the entire cup onto her lap, instantly scalding her. Liebeck was hospitalized for eight days with third degree burns; she...

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  • Is it Time to Buy $GE Yet?

    Content originally published at iBankCoin.com Thanks to Jeffrey Immelt, after the financial crisis he divested many of GE's 'toxic' financial divisions at the bottom and legged into the hot oil sector instead. With oil on the rise, Immelt was sure to make a killing, that was up until the business topped -- leaving him with a flaming bag of shit to stomp out. But instead of stomping it out, Jeff took is hundreds of millions and retired, leaving the flaming mess on John Flannery's doorstep. Today...

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  • OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018

    True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production... ... sharply raised its demand forecast for cartel oil in 2018, ahead of a key meeting of the group’s ministers later this month. According to OPEC's monthly market report, the oil exporters said the forecast demand for its oil next year had been increased by around 400,000 barrels a day from the previous month to 33.4mmbpd, about 0.46mmbpd higher than...

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