ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 26 11:22

Why 737 MAX Mess is Just Tip of the Iceberg for Boeing's Main Market - Defence

Boeing's Commercial Airplanes division isn't the only one to face problems. Last week, the company's Space Launch System (SLS) heavy rocket program, developed by the Defence, Space & Security division, received flak from Congress amid repeated delays and expected cost overruns.

Similarly, in early March, the US Air Force grounded its entire fleet of KC-46A tanker for a week amid safety concerns after finding "loose ends," unwanted tools and other garbage littered throughout freshly delivered aircraft. A Boeing spokesman played down that problem as a "temporary" issue.

However, according to Giovanni de Briganti, a defence analyst and editor-in-chief of Defence-Aerospace.com, the problems faced across the US aerospace giant may be more than 'temporary', and may in fact signal a much broader problem with the company and its management.

Mar 26 11:17

Are You Ready For A Stock Market Crash?

Mar 26 11:14

San Francisco's 'Super Rich' Dominate A Widening US Wealth Divide

San Francisco is one of the few places in America where software engineers who earn hundreds of thousands of dollars a year routinely suffer the indignity of accidentally stepping in a steaming pile of human feces as they exit their crappy, overpriced one-bedroom apartments in the Mission District to grab a $20 burrito and $10 latte. That's part of SF's charm. After all, there's a reason it is, by some measures, the most unaffordable major city in the country.

And while the gap between the middle class and the wealthy is widening in pretty much every American city, San Francisco's 'super rich' tech industry elite continue to lead the way. According to Bloomberg, the gap between the city's 'super rich' and 'middle class' (whatever that means in San Francisco) widened in 2017 by $118,000 to $529,500. On average, the city's top 5% of earners earned $623,310 in 2017, compared with $102,785 for its middle class.

Mar 26 11:11

Trump Admin Proposes New $8 Billion Loan Fund to Subsidize Foreign Weapon Sales

The Trump administration is pushing for the creation of an $8 billion loan fund in order to boost weapons sales to foreign allies, according to a summary of the administration’s draft budget for next year, which was made public on March 11. The loan program was first pitched in the early days of the administration but failed to gain support from Congress.

Mar 26 10:55

Millennials & Debt- No Room to Maneuver

Mar 26 09:21

Here are the most socialistic—and most capitalistic—Democrats running for president

Sen. Elizabeth Warren insists she’s a capitalist who “sees the value of markets.” But an exclusive Yahoo Finance analysis of her policy proposals puts her on the more socialistic edge of the Democratic field, barely to the right of Bernie Sanders.

Former Colorado Gov. John Hickenlooper, by contrast, has resisted efforts to label him a capitalist. Yet he lands at the more capitalistic end of the Yahoo Finance analysis, along with Washington Gov. Jay Inslee and former Maryland Rep. John Delaney.

As the field of Democratic presidential contenders swells, the primary-election process is shaping up as a tug-of-war over what type of economy is best for the nation. Leftists want far more government intervention in health care, energy, transportation and other sectors, to address worsening income inequality. Centrists insist pragmatic, market-based policies can solve pressing problems. And some candidates claim to be one thing while backing policies suggesting they are something else.

Mar 26 09:19

‘No Deal’ Brexit Risk Impacting UK and Irish Economies – Gold Gains On Recession Concerns

Gold rose to 4 week highs overnight prior to profit taking saw the yellow metal give up some of those gains. Gold marched higher yesterday, extending it’s recent rally due to growing, if belated, concerns over slowing economic growth and the Federal Reserve’s move to looser monetary policies again.

Gold rose 0.8% yesterday to $1,323.40 per ounce which was it’s highest level in a month. Investors have diversified into safe haven gold following news the Fed expects to suspend interest rate rises in 2019. This was something we wrote and spoke about (podcast and video interviews) as inevitable given the fragile nature of the economic recovery.

Even greater uncertainty around Brexit, just three days before Britain’s scheduled departure from the EU on March 29th may impact sterling and markets and should support gold, especially in sterling which has risen to the £1,000/oz level again.

Mar 26 09:16

Germany wants Europe to join China's new Silk Road after criticizing Italy for doing the same

The Chinese “Belt and Road” initiative is an important project, which European states would be glad to join, according to German Chancellor Angela Merkel, who stressed that cooperation should be based on reciprocity from Beijing.
“We, as Europeans, want to play an active part and that must lead to certain reciprocity and we are still wrangling over that a bit,” Merkel said, as quoted by Reuters.

The comment comes shortly after talks with French President Emmanuel Macron, European Commission President Jean-Claude Juncker and Chinese President Xi Jinping, who is currently paying a state visit to France.

Mar 26 09:14

Recession Fears Fading? ROFLMAO

The news headlines explained the sudden jump in the S&P futures this morning by stating that “recession fears had faded.” Just like that. Overnight. I guess the fact that the housing starts report showed a 9% sequential drop in housing starts last month and and a year-over-year 10% plunge means that the housing market is no longer considered part of the economy.

That report was followed by a highly negative March consumer confidence report which included that largest drop in the “present situation” index since 2008. What’s stunning about this report is that consumer confidence usually is highly correlated with the directional movement of the S&P 500. Obviously this would have suggested that consumer confidence should be soaring.

Mar 26 09:04

Oil prices rise as attention turns to tightening global supplies

WTI crude futures trade back above $60 a barrel

(*A God sent Miricle For America's Victimized Billionaires !
Is how it shall be written into new age dogma and it shalt not be POTUS Trump's fault , nor His Devine Sanctions on Iran , the way the satanic oil glut that the heathen Obama created so the tired , poor , huddled masses could get a less costly tank of Gas , to get to work !
Praise the lord!)

Mar 26 08:34

MCDONALD'S TO ACQUIRE ISRAELI START-UP DYNAMIC YIELD FOR $300 MILLION

Dynamic Yield’s service uses machine learning algorithms to help businesses tailor their website to individual consumers according to behavioral patterns.

Mar 26 08:29

Who keeps buying California's scarce water? Saudi Arabia

Four hours east of Los Angeles, in a drought-stricken area of a drought-afflicted state, is a small town called Blythe where alfalfa is king. More than half of the town’s 94,000 acres are bushy blue-green fields growing the crop.

Massive industrial storehouses line the southern end of town, packed with thousands upon thousands of stacks of alfalfa bales ready to be fed to dairy cows – but not cows in California’s Central Valley or Montana’s rangelands.

Instead, the alfalfa will be fed to cows in Saudi Arabia.

Mar 26 08:09

Margin Debt and the Market

Mar 26 07:52

China's Xi and Italy's Conte sign New Silk Road agreement

Mar 25 15:46

7 Market-Moving Charts Investors Need to See

Mar 25 15:33

LifeWay Christian to shutter all 170 stores

Mar 25 13:36

America’s “Debt Crisis Is Coming Soon”

Mar 25 11:51

95% of Bitcoin Trading is Fake, Study Finds

Mar 25 11:33

China-Africa Cooperation under the Belt and Road Initiative (BRI): Africa Sees the Way Forward

Since the initiative was proposed, China-Africa cooperation has seen all-round progress and presented new features. In March 2013, when visiting three African countries, Chinese President Xi Jinping proposed to build a China-Africa community with a shared future and summarized new concepts of future cooperation between the two sides as “sincerity, real results, amity and good faith”.

At the 2018 Beijing Summit of the Forum on China-Africa Cooperation, Xi stressed again that China and Africa need to develop a community of shared future by sharing responsibilities and gains, achieving win-win cooperation and common cultural prosperity as well as improving security and harmonious coexistence. The proposal has gained wide wide support from African leaders.

Mar 25 11:13

Boeing Could Be Charged for Not Making 737 MAX Safety Upgrades Standard - Report

New accusations against Boeing suggest that the firm could be vulnerable to lawsuits for disabling key safety features of the 737 MAX — including software integral to giving the pilot accurate data in adverse conditions — only providing the upgrades for an extra fee that poorer carriers, including those in Ethiopia and Indonesia, could not afford.

While the formerly extra-fee software addon has now been made freely available to all owners of the 737 MAX regardless of financial health, many suggest that Boeing's strategy of milking extra cash out of what should have been a standard safety feature puts the aerospace company at fault for the crashes, according to reports.

Mar 25 11:12

US Ships Again Provoke Beijing By Sailing Through Strait Of Taiwan

Beijing is already threatening retaliation over Washington's expected sale of dozens of F-16s and tanks to Taiwan. But as if ties between the world's two largest economies hadn't already been sufficiently strained, the Navy and Coast Guard again provoked the Chinese leadership on Sunday when they sailed two ships - identified as the Navy destroyer Curtis Wilbur and the Coast Guard cutter Bertholf - through the Strait of Taiwan.

According to Reuters, the gesture, which is part of a redoubled US effort to flex its muscles near Chinese waters, should be interpreted - like other 'freedom of navigation' operations before it - as a sign of support for Taiwan, which is struggling with an increasingly threatening Beijing. The Chinese military has been holding more military drills and missions around the island, as President Xi has made bringing the wayward province back under Beijing's thumb a top priority for his rule.

Webmaster's Commentary: 

(Sigh) In his one-man show by American comedian, Ron White, there is a phrase which I have felt was in order, looking at the deeds of the US military, currently.

At the same moment, while delicate negotiations about China's and the US's trade policy with one another continue, the only thing I can say here, is "You can't fix stupid".

Actually, stupid and reckless, would be a better characterization of these acts, done right at the moment when US/China trade relations are already very strained.

I could probably conjure up some other stupid and reckless scenarios, but the timing, on the part of the US government and military, could not possibly have been worse.

There are two schools of thought in Washington about China; the first is, destroy it militarily, while we still can the US government plans to nuke Russia and China, or cage the rage, and figure out how to treat them as allies.

As a Christian pacifist activist, I far prefer the second course of action.

But there is absolutely no middle road, between confrontation, and peaceful trade; I hope (and pray) that those in the Bowels of Power in DC, understand that, regarding how we treat China.

Mar 25 11:12

JIM STONE: DUE TO THE MILLIONS OF DEAD CALVES CAUSED BY THE MIDWEST FLOODS, STOCK UP ON BEEF NOW

Governor Ricketts of Nebraska has stated that over a million calves are dead in his state due to massive and unprecedented flooding that drowned the herds. Obviously more than calves were lost, a lot of adult cows were lost also, along with other livestock and the fastest possible recovery from this will be 4 years. It is too early to know if the growing season is canceled but it appears it may be, growing can be recovered in one season if the timing is right, the loss of cows is what is bad with all of this so far.

Mar 25 11:06

Turkey Blames JPMorgan For Lira Crash, Launches Probe; Erdogan Threatens "Manipulators"

On Friday, when the Turkish lira suddenly cracked, and suffered its biggest one-day drop since last summer's crisis as public attention turned to the sudden plunge in the nation's reserves and the bank's unexpected 150bps equivalent tightening in policy, JPMorgan FX strategists poured gasoline on the fire when - as the lira was sliding - they published a note recommending a 5.90 target on the USDTRY.

As JPM analysts Anezka Christovova and Saad Siddiqui wrote on Friday morning recommending a lira short, Turkish authorities would likely "attach less significance to lira stability and reduce FX reserve support" for the currency following March 31 elections, resulting in further lira weakness, adding that the pace at which Turkey’s burning net foreign reserves is “unsustainable” and therefore “FX reserve support will abate post local elections on March 31, which could lead to USDTRY trading substantially higher."

Mar 25 10:54

Glenn Greenwald: Russia Collusion 'Conspiracy' Was "Saddest Media Spectacle I Have Ever Seen"

Offering one of the most scathing responses to the Mueller report summary released Sunday night, Glenn Greenwald, a Pulitzer Prize winning journalist and founding editor of the Intercept, appeared on Democracy Now! Monday, where he lambasted the mainstream press for helping to perpetuate the "total fraud" that was the Russia collusion narrative.

"This is the saddest media spectacle I have ever seen since I began practicing journalism in 2005 and what makes it even sadder is to watch all the people who invested their journalistic credibility into what proved to be a complete and total fraud and scam continue to try and cling to some vestige of credibility by continuing to spin conspiracy theories that are even more reckless and more unhinged than those we've been subjected to for the past three years."

Webmaster's Commentary: 

Glenn, I feel for you; and yes, the American people will not be paying attention to anything the corporate news states any more for quite some time to come.

But by spreading the virus of "Russian Collusion" as a true narrative, that is what these presstitutes and waraspondents truly deserve, and they have brought it on their own heads; but this is absolutely the reality here.

I have a great deal of respect for THE INTERCEPT, and I would think you would feel good about what we do here at WRH, should you happen to visit the site.

Mar 25 10:45

Baltic Exchange Dry Index

NO Russian Collusion. Mueller knew this from the beginning. That is why he is now hanging his head low. EMBARRASSMENT. We now need to prosecute all those who manufactured the phony Russian Dossier. A long list. LET'S GET STARTED. If we allow this to go unpunished, we we will be sending a message that it's OK to drag someone's name through the mud, based on lies. EVIDENCE is essential in conducting an investigation. Donald Trump's 4th Amendment rights were violated. There was absolutely NO evidence of a crime committed, therefore this investigation was completely illegal. This investigation took place on hunches, and by a handful of people who had an agenda to oust Donald Trump, in the event he was elected President of the United States. It's time to prosecute the true conspirators. Let's get rolling on this . No leniency.

Mar 25 10:44

Boeing Shares Dip As Airbus Seals Massive Order From China

The last few days have seen Boeing shares roller-coaster on market swings and idiosyncratic headlines (as Garuda started the worrying trend of canceling airplane orders). Today, Boeing shares slipped after Bloomberg reported that Airbus has secured a long-awaited aircraft order from China.

The confirmation reportedly occurred during a state visit by Xi Jinping to the French capital, according to a person with knowledge of the matter.

The deal is due to be announced as soon as Monday afternoon in Paris, said the person, who asked not to be identified discussing non-public information.

While no details were immediately available of the deal, Bloomberg reports that the deal was initially touted more than one year ago by the French government as being valued at as much as $18 billion.

Webmaster's Commentary: 

Aerobus planes have not been crashing recently; and in their desire to get their newest airplanes up and running, Boeing did not do the due diligence with the inspections, which would have delayed the process, but would have meant the the planes were air-worthy.

Unfortunately, Boeing brought this upon themselves, and heaven only knows if they will be able to come out of this one financially in tact; were I a betting woman, I wouldn't bet that this will happen

I can hear the SMACK! of class-action lawsuits, against both the plane manufacturer, and the two companies which flew the aircraft, without insuring that training on this was mandatory, and against Boeing for signing off on a plane which was defective in its manufacturing.

Mar 25 10:33

Pompeo Demands Moscow "Cease Unconstructive Behavior" In Venezuela 

As we predicted a number of times before, a proxy war between Russia and the United States appears now heating up in Venezuela — this after over the weekend Russia sent a military transport plane filled with Russian troops commanded by First Deputy Commander-in-Chief of the Land Forces of Russia Gen. Vasily Tonkoshkurov, which landed in Caracas Saturday. We also reported the major development this morning that new satellite images reveal a major deployment of S-300 air defense missile systems to a key airbase south of Caracas.

Russia's highly visible deployment of a small troop contingency along with a reported 35 tons of cargo has resulted in a direct and firm response from Washington as on Monday morning the US Secretary of State called on Russia to “cease its unconstructive behavior”.

According to Reuters Pompeo conveyed the message directly via a phone call with his Russian counterpart Foreign Minister Sergey Lavrov.

Webmaster's Commentary: 

Mikey, Mikey, MIKEY!!

Wake up and smell those tons of reserve heavy crude being rudely pulled away from the US by way of a Russian "military presence" in Venezuela, invited by its LEGITIMATE LEADERSHIP, UNDER MADURO.

And if you thought about pro-actively sending US troops to fend off Russian troops here, in the immortal words of my late Grandmother, "The horse is already out of the barn, which is what she would say if a situation was already out of control, and couldn't be fixed.

If you were even thinking/fantasising about a decap strike on Caracas, it is too bloody late now.

So what are you going to do now, just sit there and whine about missed opportunities, because you waited too long to do them?!?

And your telling Lavrov (who I consider one of the adults in the room in geopolitics) that "... the United States and regional countries will not stand idly by as Russia exacerbates tensions in Venezuela."

Was that ever a rich "pot...kettle...black" moment for you, considering all that the US has done to instigate regime change in this country; and sir, your options just got royally minimized here.

It is almost painful to see how many chess moves ahead Russia's President Putin is, ahead of US foreign policy.

Mar 25 10:16

Boeing’s Cost-Cutting Addiction Squeezed Every Dollar Out 737 Until Disaster Struck

The calamity of two successive crashes of Boeing’s latest jet, the 737 MAX-8 has left the company facing the most serious scrutiny it has ever faced, including a potential criminal investigation by the Department of Transportation.

The crashes killed 346 people, men women and children, and appear to have had a common cause: a rogue control system that took over from the pilots and sent the airplanes into a terrifying death dive.

Mar 25 09:42

Kids...here is why you need an emergency fund

Mar 25 08:44

Too Big To Sell

Mar 25 08:00

Apple's TV streaming service: The company's biggest gamble yet

I'm writing this article on Sunday night, about 12 hours before Apple's event, when it's expected to announce a streaming service. Early rumors indicate that the company is expected to aggregate some big name streaming services, as well as provide its own video programming. We'll obviously know more about what the event shapes up to be, and I'll update this article with links to the details.

What I want to look at with you now is the "why" of the event. Why is streaming so important for Apple now, in 2019?

To unpack this, we need to look at two seemingly unrelated vectors: the changes in Apple's revenue balance over the past few years, and the change in television and streaming overall.

Mar 25 07:46

The Next Big Letdown for Stocks

Mar 25 05:25

Examining A Sad Truth

Mar 25 01:22

The number of Auckland suburbs with million dollar price tags has tripled in five years

One in five Auckland suburbs had median house prices below $500,000 five years ago - but now you won't find a single suburb anywhere in the city that cheap.

That's according to the new data by research firm CoreLogic that highlighted how house prices have leapt beyond the reach of many Kiwi families.

The closest to the $500,000-mark is apartment-filled Auckland Central with a median value of $532,200. Elsewhere, prices in many other suburbs have skyrocketed past $1m over the last five years.

*Can you say bubble? I knew you could!*

Mar 24 10:44

The Biggest U.S. Importers and Exporters

Mar 24 09:55

Russia Gives US Red Line On Venezuela

At a high-level meeting in Rome this week, it seems that Russia reiterated a grave warning to the US – Moscow will not tolerate American military intervention to topple the Venezuelan government with whom it is allied.

Meanwhile, back in Washington DC, President Donald Trump was again bragging that the military option was still on the table, in his press conference with Brazilian counterpart Jair Bolsonaro. Trump is bluffing or not yet up to speed with being apprised of Russia’s red line.

The meeting in the Italian capital between US “special envoy” on Venezuelan affairs Elliot Abrams and Russia’s deputy foreign minister Sergei Ryabkov had an air of urgency in its arrangement. The US State Department announced the tête-à-tête only three days beforehand. The two officials also reportedly held their two-hour discussions in a Rome hotel, a venue indicating ad hoc arrangement.

Webmaster's Commentary: 

I am hoping and praying, that President Trump "sees the light" of non-intervention in this situation.

But if he does not, and Abrams, Bolton, and Pompeo urge him to go into Venezuela, guns blazing, this country will most likely find itself in a war of attrition in a jungle environment, in which our military does not generally fare quite well (Anyone at the White House remember the Vietnam War?!? Thought not.)

Mar 24 09:53

‘We Lost A Lot Of Customers’: ShopRite Closes Its Doors After Nearly 30 Years Due To Philadelphia Beverage Tax, Owner Says

After shopping at a West Philadelphia supermarket for decades, customers were emotional to find out it’s closing its doors Thursday. According to the store’s owner, the city’s so-called soda tax is to blame.

The beverage tax debate rages on after the closing of the ShopRite is West Philadelphia. The store’s owner blames the mayor’s office, and the mayor’s office responded to the criticism.

Mar 24 09:52

Dockworkers Protest Driverless Cargo Trucks at Port of L.A., Triggering Project’s Delay

A fierce struggle over automation has erupted at the Port of Los Angeles, as local union officials representing some 12,000 dockworkers demand that one of the world’s largest shipping firms abandon a plan to introduce driverless electric cargo trucks.

Shouting, whistling and jeering, more than 1,200 union members, local business owners and community activists packed a four-hour hearing Thursday before the Los Angeles Board of Harbor Commissioners. The board voted to postpone a construction permit for the automated system after an offer by Mayor Eric Garcetti to mediate the dispute.

“The decision before the board may have far-reaching impacts on the pace of automation at our port and could define how the port will compete and sustain jobs into the foreseeable future,” Garcetti wrote in a letter unveiled at the hearing.

Mar 24 09:46

Chips, Electronics Components Exports From Israel to China Nearly Doubled in 2018

In 2018, export of electronic components from Israel to China increased by 80%, according to new data published earlier this month by Israeli government agency the Israeli Export Institute. The report shows that $2.6 billion worth of electronic components were shipped from Israel to China over the past year, most manufactured by only a few companies, among them chipmaker Intel. According to the report, Intel exports most of its Israel-manufactured components to China, where it has several testing and assembly facilities.

Mar 24 09:33

US Completely Invalidates All Of Its Own Arguments About Crimea

Authored by Caitlin Johnstone via Medium.com,

Well the worst Putin Puppet of all time is at it again, this time tweeting that the US must recognize the Golan Heights as part of Israel despite the fact that the Israeli occupation of that Syrian land is illegal under international law.

“After 52 years it is time for the United States to fully recognize Israel’s Sovereignty over the Golan Heights, which is of critical strategic and security importance to the State of Israel and Regional Stability!”, Trump’s tweetreads.

Russian parliament member Oleg Morozov made a statement in response to Trump’s proclamation, saying that “Russia will never agree to recognize Israeli sovereignty in the Golan. Trump is damaging the international community and the Arab world”.

Webmaster's Commentary: 

Russia never "annexed Crimea"

What happened was the following.

President Obama admitted that the US had been part of the movement to regime change Crimea, with the throwing under the proverbial bus its duly elected leader, Yanukovich, under the bus, in favor of Poroshenko. President Obama confesses, in an interview on CNN, that the US was behind the Ukrainian coup deal, installing President Poroshenko

At that point, leadership in Crimea understood that there was no legitimate government in Kiev, and did two things at that point.

First, they held a referendum for the Crimean people, asking if they wanted to stay with Ukraine, post-putch, or petition the Russian federation for membership.

Overwhelmingly, the Crimean people, in a very clean vote, observed by local and foreign representatives, to leave Ukraine, and petition the Russian Federation for membership. The Russian Federation accepting Crimea's membership, and all was well.

That is, except for the US huffing and puffing that the Crimean people had no right to peaceful self determination, as stated in the UN Charter, to which the US is I(allegedly) a signatory. The US cannot have it both ways; if they cannot commit to supporting the UN charter, it might as well withdraw its membership to the organization.

There was zero annexation here, but a real-world expression of that freedom for self-determiniation by the Crimean people.

On the other hand, the Golan Heights was seized by Israel, with the citizens of the Golan given no right to any representation whatsoever, except under Israeli edict.

This is an occupation, and an annexation, which is the polar opposite of what happened in Crimea, after the Western-orchestrated Putch put Poroshenko in power in Kiev.

Mar 24 09:20

NYSE Index Suggesting The Top Is In

Mar 24 09:17

U.S. Posts Largest-Ever Monthly Budget Deficit in February

The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year.

The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg.

February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday. The release was delayed a week by the government shutdown earlier this year.

Webmaster's Commentary: 

The cost of war and illegal immigration, not to mention the constant hand-outs to Israel.

Mar 24 09:16

Italy Defies West As It Officially Joins China's "Neocolonial Project"

With Brussels and Washington helplessly looking on, Chinese President Xi Jinping and Italian Prime Minister signed a historic memorandum of understanding Saturday morning in Rome that made Italy the first founding EU member, and the first G-7 nation, to officially sign on to Beijing's "One Belt, One Road" economic development initiative - one of President Xi Jinping's signature ventures which many have called China's shadow project to re-colonize the world's poorer nations.

Along with the MoU, the two leaders signed development deals covering everything from port management, to science and technology, to e-commerce to soccer that were reportedly worth up to $20 billion.

Though OBOR (or BRI) has promised to strengthen trade links between the West and East, it has been derided in Washington and Europe as "debt trap diplomacy" and a neocolonial project by Vice President Mike Pence, and others.

Webmaster's Commentary: 

What else could they do, bomb Italy to the ground for having defied the US and Brussels?!?

I think that the government of Italy has read the economic tealeaves reasonably correctly, and see this as a far better deal than the one they are getting from the EU

Mar 24 09:12

"It Was Go, Go, Go": Boeing Rushed 737 MAX Design In Race With Airbus

A major decision that Boeing made almost a decade ago has resulted in the greatest threat to the aerospace giant's reputation and the bottom line at the company after two major plane crashes in just under six months.

Back in 2011, American Airlines, who was an exclusive Boeing customer for more than 10 years, was getting ready to defect from the company in favor of purchasing hundreds of new jets from Airbus, according to The New York Times. Airbus had been stealing market share from Boeing for several years, and losing American Airlines would have been a crushing blow, costing billions of dollars in lost sales and thousands of jobs.

Webmaster's Commentary: 

Rushing design on as complicated a craft as was the 737, almost guaranteed that something was going to go wrong, and unfortunately, those flaws cost hundreds of lives; I frankly think that Boeing may not be able to recover, because of a cascade of class-action lawsuits against them on this issue.

Mar 24 09:02

Taibbi: It's Official - 'Russiagate' Is This Generation's WMD

Authored by Matt Taibbi, excerpted from his serial book Hate Inc.,

The Iraq war faceplant damaged the reputation of the press. Russiagate just destroyed it...

Note to readers: in light of news that Special Prosecutor Robert Mueller’s investigation is complete, I’m releasing this chapter of Hate Inc. early, with a few new details added up top.

Nobody wants to hear this, but news that Special Prosecutor Robert Mueller is headed home without issuing new charges is a death-blow for the reputation of the American news media.

As has long been rumored, the former FBI chief’s independent probe will result in multiple indictments and convictions, but no “presidency-wrecking” conspiracy charges, or anything that would meet the layman’s definition of “collusion” with Russia.

With the caveat that even this news might somehow turn out to be botched, the key detail in the many stories about the end of the Mueller investigation was best expressed by the New York Times:

Webmaster's Commentary: 

The independent media, like WRH, called it from the beginning; a smear job with utterly no substance, to attempt to derail Trump before the 2020 elections.

Yes, there were convictions along the way, allowing Mueller to notch a couple more convictions into his belt; but nothing which ever tied President Trump to Russia.

Mar 24 08:40

Market Mayhem Coming? Here Are the Signs…

Mar 23 11:01

Scott Adams: Sheepinions, Hallucinations, Fake News, Traitors, and Conflaters

“Slaughter Meter” is pinned at 100% if election was held today
Untrue but widely reported “fine people” HOAX and false memory
Golan Heights now being recognized as Israeli territory
Moving the embassy didn’t impact peace discussions
Golan Heights recognition, will it impact anything?
Time is on President Trump’s side and he knows it
NO new sanctions on North Korea, what’s the President’s play?
President Trump’s enemies maneuvered into arguing against…
Free speech
Capitalism
Default back up position of TDS victims shown “fine people” HOAX
Once it’s clear they were hoaxed, what do most say?
Biden signals the weakness of his bid for the nomination
Wikipedia editors (currently) agree, allowed “fine people” hoax info
Steve King, Republican, nice guy, but kind of an idiot
FAKE NEWS PUNCTUATION…changed what he meant
Anderson Cooper last night, still pushing that fake news

Mar 23 10:41

Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

By Jamie Redman

The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These people believe that using bitcoin as a tool to avoid State harassment is one of the technology’s key features with the potential to reduce the manipulation and civil abuses perpetrated by government bureaucracy...

Mar 23 10:25

MADURO: US WITHHOLDING $5BN OF MEDICAL SUPPLIES IN ‘CRIMINAL’ MEASURE

The US government is withholding US $5 billion which was meant for the purchase of medicines and raw materials used in medical production, President Nicolas Maduro claimed Wednesday.

Speaking from Miranda State, Maduro denounced that US authorities “have ‘kidnapped’ US $5 billion [in] one of the most criminal, brutal, fascist economic measures which has been seen in the economic history of the world.” “Trump is the person responsible,” he added.

Webmaster's Commentary: 

This was a logical, if not horrific, thing Trump has done here; after all, very ill people in a country cannot fight against its overthrow.

Mar 23 10:17

WITH A HARD BREXIT LOOMING, UK INVITES 10,000 FOREIGN TROOPS OVER FOR MILITARY EXERCISES

As the drama over Brexit continues to reach new heights, the U.K. government has raised eyebrows by announcing that it will host 10,000 foreign troops for a massive military exercise beginning the day after Brexit had been set to take place.

The announcement of the exercise has raised the specter of a post-Brexit “martial law” scenario, given that the Theresa May-led government has been examining the possibility of declaring martial law in the country in the event of a no-deal Brexit since at least this January.

According to a government press release, the NATO-affiliated military exercise known as “Joint Warrior” will take place from March 30 until April 11 and will see the U.K. host 10,000 soldiers as well as 35 warships, five submarines, and 59 aircraft and helicopters. Thirteen countries will participate, including the United States, France and Germany, and the exercise will occur in areas spaced throughout Scotland, Wales and England.

Webmaster's Commentary: 

If I were a British citizen living in the UK right now, particularly if I had kids, I would be very, very concerned, and see what can be done to get the heck out of Dodge, before the excrement hits the ventilation system.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA