MAY 8 SIT EC y POL
ZERO HEDGE
Caught
On Tape: Stunned Reporter Grills State Department WHY
HILLARY'S BREACHES WON'T BE INVESTIGATED. Submitted by Tyler
Durden on 05/08/2015.
The most shocking development took place yesterday when the
US State Department, via spokesman Jeff Rathke, told reporters that while it "regrets"
that it did not get to review the new foreign government funding, it does not
plan to look into the matter further, spokesman Jeff Rathke said on Thursday.
"The State Department has not and does not intend to initiate a formal
review or to make a retroactive judgment about items that were not submitted
during Secretary Clinton's tenure," Rathke told reporters. And while
the "unbiased" media kept its mouth shut, on person who did speak up
was AP's Matt Lee who asked why the State Department wouldn't investigate
further to determine if the tens of millions of dollars in donations had
influenced her decisions while she was SecState.
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American
National Pride Plunges To 30th In The World. Submitted by Tyler
Durden on 05/08/2015. Only 56% of Americans said they were "very
proud" of their nation, according to World Values Survey data,
down from over 62% in 2009 (71.1% in 2004, and 77% in 1999). Behind nations
such as Libya, Nigeria, Egypt, and Poland, 'exceptional' America now ranks
only 30th in the world for national pride...
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Guest
Post: RESENTFUL RAGE - STAGE-4 OF CANCEROUS INEQUALITY.
Authored
by Ben Tanosborn. Submitted by Tyler
Durden on 05/08/2015. America’s uniquely irrational behavior among
civilized nations, whether or not a product of our diverse multi-racial
society, has not served the country well during the past two decades adding the
social problems created by racial inequality to an ever-widening economic
inequality among Americans that Ronald Reagan legated to us. And as social
inequality merges with economic inequality, a synergy of resentful rage is
being created in cities and communities largely populated by people of color.
Enter the city of Baltimore with a two-thirds black population, America’s
problem-du-jour.
----
Class
Of 2015 Sets Student Debt Record. Submitted by Tyler
Durden on 05/08/2015. The graduating class of 2015 is the most
heavily-indebted college class in history and the chart is "up and to
the right," which in the case of student loans, is anything but
encouraging. Fortunately, we have some advice for this year's graduating
seniors...
----
Pentagon
Staff Given "Stern Warning" After Using Government Credit Cards For
Hookers & Gambling. Submitted by Tyler
Durden on 05/08/2015. We can now add another to the list of government
agencies out of control this month. In the latest example of abuse by the
unaccountable feds, we learn that Pentagon employees have been caught using
their government credit cards on gambling and escorts, amongst other things.
Their punishment? A “stern warning.”
----
What
Is The Difference Between An ISIS Terrorist And A Freedom Fighter:
"Appropriate Vetting".
Submitted by Tyler Durden on 05/08/2015. As we reported
yesterday, in addition to Turkey and Saudi forming an alliance to topple
Syria's despised anti-Qatar nat gas pipeline leader, Bashar Assad, the US has
now begun training and arming Syrian rebels. But how will the US know it is
arming Syrian rebels, aka opposition "freedom fighters" and al-Nusra
or Islamic State jihadists who will promptly turn around and use the same
weapons and training against the US?
The answer: "appropriate
vetting." NO, REALLY.
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Submitted by Tyler
Durden on 05/08/2015 - 15:06 
Threatened with deflation, the authorities will want to
turn the tide in the worst possible way. What’s the worst way to stop deflation? With hyperinflation. Yes, we may
suffer a year or two more of sluggish growth... or even deflation. Stocks will
crash and people will be desperate for paper dollars. But sooner or later, the
feds will find their feet and lose their heads. Most likely, the
credit-drenched world of 2015 will end... not in a whimper of deflation, but in
a bang. Hyperinflation will bring the long depression to a dramatic close long
before a quarter of a century has passed.
----
The
Reason Why There Is No Wage Growth For 83% Of US Workers. Submitted by Tyler
Durden on 05/08/2015. [WHO ARE THE 17% THAT GOT
BETTER WAGE? ] For all who are still
confused why there are no wage hikes despite the Fed's relentless efforts to
micromanage the economy and stimulate wage growth via trickle-down record high
stock market prices, the answer is that there is wage growth. Just not
for 83% of the working population.
... the wage reality
for the vast majority of the US working population, or the 98 million
non-supervisory workers which comprise 83% of total US private payrolls, is
that their wages are not only not rising, or even flat, but for the past
year have been declining at a rapid pace after hitting 2.5% in early 2014.
Just not for 83% of
the working population.
As the chart below
shows, wages growth is not only present but has recently again surged to a near
all time high level for the 17% of the US workforce
that consists of supervisors, managers and various other bosses
----
Americans
Not In The Labor Force Rise To Record 93,194,000. Submitted by Tyler Durden on 05/08/2015. In what was an
"unambiguously" unpleasant April jobs payrolls report, with a March
revision dragging that month's job gain to the lowest level since June of 2012,
the fact that the number of Americans not in the labor force rose once again,
this time to 93,194K from 93,175K, with the result being a participation rate
of 69.45 or just above the lowest percentage since 1977, will merely catalyze
even more upside to the so called "market" which continues to reflect
nothing but central bank liquidity, and thus - the accelerating deterioration
of the broader economy.
----
President
Obama Explains How TPP Means More US-Made Sneakers - Live Feed, Submitted by Tyler
Durden on 05/08/2015. While we are sure President Obama will find a way to
comment on today's jobs number (focusing on the unemployment rate we suspect
and not the quality of jobs or record number of people out of work), his
main topic of discussion is how wonderful the ultra-secret
"Trans-Pacific Partnership" deal is for Americans... and why
congress must pass it asap.
----
----
Russia
Offers Help To Greece In German War Reparations Investigation. Submitted by Tyler
Durden on 05/08/2015. Just a day after German President Joachim Gauck
shocked his government by remarking
in an interview that Germany should at least "consider"
demands by Prime Minister Alexis Tsipras that the nation pay billions of
euros in reparations for the Nazi occupation of Greece, ekathimerini
reports that none other than 'helpful' Russians are willing to provide
assistance in the World War II claims investigation.
----
Submitted by Tyler
Durden on 05/08/2015 - 07:31
- Ed Miliband, Nick Clegg and Nigel Farage resign as Tories sweep to victory (Telegraph)
- Bonds and stocks rebound, sterling soars after UK election (Reuters)
- Cameron Set to Return With U.K. Majority as SNP Sweeps Scotland (BBG)
- Tory win brings marked EU exit risk (Reuters)
- Why did Labour lose this election? It never tried to win it (Telegraph)
- Stock Buybacks Hit New Records (WSJ)
- Hard Money Comes Easy as Wall Street Funds Home Flippers (BBG)
- Justice Department to Investigate Baltimore Police (WSJ)
- Saudi Arabia mulling land operations on Yemen border (Reuters)
====
WASHINGTON BLOG
World’s
Richest 80 People Own Same Amount as World’s Bottom 50%. Posted
on May 8, 2015 by Eric
Zuesse. Oxfam’s recent
report, “WEALTH: HAVING IT ALL AND WANTING MORE” contains
shocking figures that the press haven’t sufficiently publicized; so, the
findings and the reliability of their sources will be discussed here.
The Credit Suisse Global Wealth Databook 2014
presents, on page 124, its categorization of countries according to
equality-inequality, and they apply for this purpose a methodology that
minimizes the distortive influences such as have been mentioned here. Here is
their resultant listing:
As is clear there, the United States is listed in the
highest-inequality category; and, so, no reasonable question exists that
inequality is even more extreme here than it is in most of the world’s
countries.
The
way that U.S. President Barack Obama and his economic advisors have dealt with
this is to say that what needs fixing in the U.S. isn’t economic inequality
itself but instead inequality of economic opportunity — as if the latter
doesn’t depend upon the former. It’s impossible to increase equality of
economic opportunity unless economic equality is increased. America’s
politicians lie through their teeth, because they’re financed — in both Parties
— by the super-rich.
SOURCE: http://www.washingtonsblog.com/
----
----
The money multiplier effect no longer works.
As you (hopefully) know, we live in a fractional
reserve banking system: if the bank is required to have $1 in cash
reserves for every $10 in loans, it means the bank creates $10 of new money
when it issues a $10 loan. When the $10 loan is paid off, that money vanishes
from the system.
The problem with fractional reserve lending is the
leverage. A 10-to-1 reserve ratio means that if the bank issues a $10 loan,
the borrower defaults and the borrower’s collateral (home, auto, etc.) only
fetches $8 on the open market, the bank lost $2, which is more than the bank’s
cash reserves ($1).
At that point, the
bank is insolvent, i,e, its losses exceed its assets.
----
----
Posted on May 8, 2015 by WashingtonsBlog
Saudi-Yemeni War More Complicated Than We Assume
----
----
Posted on May 8, 2015 by WashingtonsBlog
Obama HATES the Press
A brand new Politico poll of White House correspondents finds:
(1) 65% of reporters say that Obama is the least
press-friendly president they’ve ever seen
(2) 78% of White House reporters believe “President Obama
dislikes the press”
(3) 63% of the reporters have literally never asked Obama
a question at any press conference
(4) 58% say they’ve never spoken to anyone at the White
House other than a flack on the White House press team
(5) 5 times more reporters believe that Obama is becoming
less and less open with the press than believe he’s getting more transparent
with time
----
====
INFORMATION CLEARING HOUSE
The Final Push Splitting Up Iraq
By Mike Whitney
Can you see what a sham this is? Iraq’s fate is sealed.
By Mike Whitney
Can you see what a sham this is? Iraq’s fate is sealed.
----
Kerry in Riyadh: A Meeting of War Criminals
By Bill Van Auken
Washington’s role in the Yemeni war is based not on humanitarian concern, support for democracy or hostility to terrorism.
By Bill Van Auken
Washington’s role in the Yemeni war is based not on humanitarian concern, support for democracy or hostility to terrorism.
----
Iran’s Nuclear Threat is a Myth
By Musa al-Gharbi
Even if Iran wanted a nuclear weapon and managed to obtain one, it would not be able to carry out a successful nuclear strike against Israel or the United States.
By Musa al-Gharbi
Even if Iran wanted a nuclear weapon and managed to obtain one, it would not be able to carry out a successful nuclear strike against Israel or the United States.
----
----
We Have a Dysfunctional Government
By Joe Clifford
Perhaps Americans are finally waking up to the realization that neither party will really do anything substantial to help the masses.
By Joe Clifford
Perhaps Americans are finally waking up to the realization that neither party will really do anything substantial to help the masses.
----
Economic Disinformation Keeps Financial
Markets Up
By Paul Craig Roberts
The government’s economic statistical agencies are under pressure not to roil the financial markets.
By Paul Craig Roberts
The government’s economic statistical agencies are under pressure not to roil the financial markets.
----
LATINO NEWS
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Las ignoradas y/o silenciadas causas de la gran
recesión. Vicenç Navarro
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====
PRESSTV
Police
chief shot dead in Riyadh. Unidentified
assailants kill a Saudi patrol commander in the capital city of Riyadh.
[How many of them have lost family members during the
genocidal bombing of Riyadh? What if
wife and children were murdered ? Remember: “Most
Of The Existing Workers In The Saudi Oil Fields Are Yemenese. And There Are
Over 4 Million Yemenese In Saudi Arabia” ]
----
Syria
army retakes NE villages from ISIL. Sat May 9, 2015 The Syrian army retakes several villages from ISIL
terrorists in the northeastern province of Hasakah.
----
More
Americans give up citizenship. Fri
May 8, 2015 A total of 1,335 Americans renounced their citizenship in the first
quarter of 2015.
----
7,000
civilians killed in east Ukraine.
Fri May 8, 2015 Ukraine's president says almost 7000 civilians have lost their
lives in eastern Ukraine clashes during the past year.
----
China
agrees to invest billions in Russia. Fri May 8, 2015 The Russian president says China has agreed to invest
billions of dollars in the Russian economy.
----
Fri May 8, 2015
8:51PM
The Yemeni army
flushes al-Qaeda terrorists out of the city of Arish in the southern province
of Aden.
----
‘US
causing chaos, havoc in Mideast’.
Fri May 8, 2015 A new US military program to train “moderate” militants to
fight ISIL is part of a long pattern to increase militarism in the Middle East,
says an activist.
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‘Iran,
P5+1 face tough task to bridge gaps'. Fri May 8, 2015 An Iranian negotiator says Tehran and the P5+1
countries have a tough task in drafting the final nuclear deal. [ WHAT IS THE CONTENT??]
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Iran
can reciprocate US bill: MP. Fri
May 8, 2015 A senior Iranian lawmaker says Majlis will adopt retaliatory
measures if anti-Iran sanctions are not lifted.
[ What if the US place conditions (if + if) to lift the sanctions
AS DID IT BEFORE? Will IRAN sign a deal
with such conditions? Or they will sign it after all sanctions are lifting & implemented]
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====
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