Wall Street Journal Headlines

  • The Saudi System And Why Its Change May Fail

    Via Moon Of Alabama blog, The Saudi clown prince Mohammad Bin Salman is an impulsive tyrant. But what accounts for his urge to purge the country of any potential competing power center? Why does he run a such an activist foreign policy? The answer might be Iran. Not Iran the country, but Iran the system. Since the U.S. war on Iraq the sclerotic Saudi Arabia continuously lost standing in its region. The Iranian model gained ground. A decade later the authoritarian Arab systems were challenged by...

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  • The Real Winner In America's Russia Crisis Is China

    Authored by Leon Hadar via The Strategic Culture Foundation, The continuing American obsession with Russia plays directly into Beijing's hands and makes it less likely that Washington will develop an effective strategy to deal with China... When thinking about male-pattern baldness, what comes immediately to mind? Genetics? Thanks for this, grandad. But then I conducted my own scientific research and discovered the following: I started losing hair at the temples or the crown of the head when...

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  • David Stockman Exposes "The Illusion Of Growth"

    Authored by David Stockman via The Daily Reckoning, The Wall Street Journal published a superb example of hopium recently in a sunny-side-up story entitled “U. S. Manufacturing Rides Rising Tide, Buoyed by Global Growth, Optimism.” Indeed, this lazy cheerleading excuse for journalism captured the sum and substance of why the punters keep buying the dips despite troubles gathering all around. That is, as the tax bill falters, the crusade to remove the Donald from office gathers strength, the Fed...

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  • Special Counsel Mueller Now Probing Kushner's Contacts With Israeli Officials During Transition, WSJ

    In a startling illustration of just how expansive Mueller's investigation of the Trump administration has become, the Wall Street Journal now reports that the Special Counsel's team is looking into meetings that Jared Kushner may have conducted with Israeli officials in the days leading up to an important U.N. vote on the construction of settlements in disputed territories on December 23, 2016.  Robert Mueller’s investigators are asking questions about Jared Kushner’s interactions with...

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  • "Comey Has No Issue With It": Judicial Watch Dumps Explosive New FBI Emails From McCabe Conflicts Review

    Judicial Watch has just dumped a new treasure trove of FBI emails regarding Deputy Director Andrew McCabe's conflict check relative to the Clinton email investigation (for those who missed it, we reviewed all of McCabe's many scandals here: "FBI Director McCabe Subject Of Three Separate Federal Inquiries Into Alleged Misconduct: Report").   Ironically, this particular FOIA request was filed in October 2016 under the Obama administration but they apparently just "didn't have time" to get to...

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  • JPMorgan Capitulates, May Help Clients Trade Bitcoin Futures (For A Fee)

    On September 12, Jamie Dimon caused a stir (and selloff) within the cryptocurrency community when he lashed out at bitcoin, calling it a "fraud" which is "worse than tulip bulbs, predicting "it won't end well", will "blow up" and "someone is going to get killed." Oh, and just to make it clear, "any JPM trader caught trading bitcoin" would be "fired for being stupid." After briefly plunging, since then the price of Bitcoin has doubled, and earlier today, Bloomberg quoted money manager David Kotok...

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  • DOJ Launches Probe Into Harvard's Affirmative Action Admissions

    The Department of Justice is taking its first tentative steps toward dismantling the 40-year-old system of affirmative action that governs admissions at US colleges and universities by opening an investigation into the admissions practices of America’s oldest and most venerated institution of higher education: Harvard. According to the Wall Street Journal, the DOJ’s investigation into the use of race in its admissions process was inspired by a federal civil lawsuit filed in 2014 that alleged...

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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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  • Princeton Scholars: Opioid Crisis, Alcoholism, Suicide to Blame for Rising White Working Class Mortality Rate

    Economist Angus Deaton and Princeton University Professor Anne Case explained in an interview with the Wall Street Journal that opioids, as well as the lack of jobs and community, has led to the rising mortality rates for America’s white working class.

    Breitbart
  • George Responds To Hungary's "Massive Anti-Soros Propaganda Effort"

    Over the past several months we've frequently noted the devolving relationship between Hungarian Prime Minister Viktor Orban and billionaire financier George Soros.  Tensions escalated last month when Orban took it upon himself to mail a Soros-related questionnaire to all 8 million Hungarian voters (see: Hungary Launches Anti-Soros Political Campaign) and then followed that up with an announcement that Hungary's intelligence services had been instructed to "map" Soros' network of...

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  • The Great Retirement Con

    Authored by Adam Taggart via PeakProsperity.com, Frankly put: retirement is now a myth for the majority... The Origins Of The Retirement Plan Back during the Revolutionary War, the Continental Congress promised a monthly lifetime income to soldiers who fought and survived the conflict. This guaranteed income stream, called a "pension", was again offered to soldiers in the Civil War and every American war since. Since then, similar pension promises funded from public coffers expanded to...

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  • Saudi 'Corruption' Probe Widens: Dozens Of Military Officials Arrested

    After jailing dozens of members of the royal family, and extorting numerous prominent businessmen, 32-year-old Saudi prince Mohammed bin Salman has widened his so-called 'corruption' probe further still. The Wall Street Journal reports that at least two dozen military officers, including multiple commanders, recently have been rounded up in connection to the Saudi government’s sweeping corruption investigation, according to two senior advisers to the Saudi government. Additionally, several...

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  • The Republican Tax Plan Is Very Swampy

    Authored by Mike Krieger via Liberty Blitzkrieg blog, Unsurprisingly, the Republican tax plan moving forward in the U.S. Congress and championed by Donald “Drain the Swamp” Trump, is very swampy. Today’s post will highlight a few examples. First, let’s hear some of what billionaire fund manager Jeffrey Gundlach had to say. Via Bloomberg: Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said the congressional tax plan would expand the federal deficit and help a small fraction of...

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  • VW Planning $12 Billion Investment In Electric Cars For Chinese Market

    Just days ahead of this weekend's Guangzhou Auto Show, Volkswagen has announced plans to invest $12 billion dollars into efforts to build coal-fueled electric vehicles in China.  According the Wall Street Journal, VW plans to produce 400,000 EVs by 2020 and introduce 5 new all-electric models each year through 2025. Volkswagen AG and its Chinese partners will jointly invest nearly $12 billion by 2025 in developing electric cars for the local market, VW’s China chief executive said. That...

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  • John Malone Describes Amazon As "Death Star" Moving "In Striking Range Of Every Industry On The Planet"

    Famed cable and media investor John Malone, a man who repeatedly manages to cobble together some of the most complicated, and profitable, financial transactions in the world, appeared on CNBC this morning with a message for anyone in the "B2C business"...Amazon is going to use their scale to destroy you.  Speaking with CNBC's David Faber, Malone hilariously described Amazon as a "Death Star moving into striking range of every industry on the planet." The internet "makes scale even more...

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  • You'll Never Guess What Happened To BuzzFeed's IPO Chances After It Missed Revenue By 20%

    Buzzfeed’s plans for a rumored 2018 IPO, first reported back in March by Axios, just suffered a serious setback. In what amounts to a serious blow to the digital media pioneer’s credibility with investors, not to mention the potential impact on its lofty venture-capital-fueled valuation, the Wall Street Journal is reporting that Buzzfeed is on track to miss its 2017 revenue projections by between 15% and 20%. Buzzfeed had expected revenue of $350 million, but will probably miss that target by...

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  • Goodell-Jones Feud Escalates As NFL Accuses Cowboys Owner Of "Conduct Damaging To The League"

    The NFL has decided to escalate its growing feud with Dallas Cowboys owner Jerry Jones by alleging that his efforts to "sabotage contract negotiations" with commissioner Roger Goodell is tantamount to conduct that is "detrimental to the league's best interests."  Ironically, as the Wall Street Journal points out, proving that an owner's conduct is "detrimental to the league" is exactly what the NFL would have to prove in order to fine Jones and/or impose other penalties on him or his team....

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  • Senator Ron Johnson Becomes First Republican Opposed To Tax Bill

    Senator Ron Johnson (R-WI) just became the first Republican to officially declare that he will not support the GOP tax bill that the White House still hopes to pass before Christmas.  Speaking to the Wall Street Journal, Johnson said that his opposition stems from his view that the bill unfairly benefits corporations over other pass-through entities like S-Corps and LLCs. “If they can pass it without me, let them,” Mr. Johnson said in an interview Wednesday. “I’m not going to vote for this tax...

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  • Amazon Says It's "Almost Ready" To Get 1,000s Of Grocery Store Cashiers Fired

    Late last year we noted Amazon's efforts to 'disrupt' the traditional grocery retail model by introducing small format stores that allow customers to simply walk in, pick up what they want and walk out.  The concept store, dubbed AmazonGo, tracks a customer's every move, including each item they remove from store shelves, allowing them to skip long, often frustrating, check out lines (see: Amazon Goes Offline With Bricks-And-Mortar Grocery Chain; Envisions Opening 2,000 Stores). Now, after...

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  • The Moment Gary Cohn Realized His Entire Economic Policy Is A Disaster

    Ever since 2012 (see "How The Fed's Visible Hand Is Forcing Corporate Cash Mismanagement")  we have warned that as a result of the Fed's flawed monetary policy and record low rates, corporations have been incentivized not to invest in growth and allocate funds to capital spending (the result has been an unprecedented decline in capex), but to engage in the quickest, and most effective - if only in the short run - shareholder friendly actions possible, namely stock buybacks. We got a vivid...

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  • Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

    The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today's critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines in Asia while bonds and gold advanced. The equity retreat, which spread to U.S. stock futures, started with last night's sharp puke in Chinese commodities. As...

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  • Japan's Plea To Millennials: Please Buy Stocks

    Ever since the Federal Reserve first got into the business of blowing massive equity bubbles back in the 1980's, Americans have shown a willingness to happily, if ignorantly, embrace each successive iteration to the rigged market.  Of course, as E-Trade recently confirmed via the following ad, making money in equities is a very simple two-step process: (1) get invested, (2) buy a yacht made of Cuban mahogany and party with models...why would anyone in their right mind pass that...

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  • Just Seven Percent of Economists Say NAFTA Exit Would Trigger a Recession

    Most economists think leaving NAFTA would be a drag but not a disaster for the U.S. economy, according to a new survey.

    Breitbart
  • Senate Begins "Marking Up" Tax Reform Plan As Post-Thanksgiving Vote Looms

    The House is expected to vote on and, hopefully, pass its tax reform package on Thursday, but the Senate’s plan still hasn’t made it out of committee. Luckily for the Trump administration – which badly needs this legislative victory to stave off a donor mutiny -  this could soon change: To wit, the Finance Committee has started the process of ‘marking up’ the bill, that is, the process of adding amendments and making alterations. But the process still needs to run smoothly if McConnell is to...

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