AUG 23 16 SIT EC
y POL
….
America's Infrastructure Is A Shambles-- And It Will Get
Much Worse As Long As Conservatives Worship The Concept Of Low Taxes For The
Ultra-Wealthy
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ZERO HEDGE
ECONOMICS
Following flash PMI's drop, another early
August indicator has collapsed as Richmond Fed's manufacturing survey plunges
to -11 (lowest since Jan 2013) missing expectations of +6. The plunge from July's +10 to
August's -11 is the largest on record - back to 1993.
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Following the eurozone's
disappointing drift lower in Manufacturing PMI (and weakness in German
Services), August's US preliminary manufacturing PMI
printed a disasppointing 52.1 (against
expectations of 52.6). Weakness in Employment (lowest in 4 months) and New Orders underpin the drop from 52.9 to 52.1 as the
2 month hope-fueled bounce has faded...
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In Real Estate ..Bubbles and uncertainty.. is all we
have
Given
central banks are all in and have no credible ideas (or credibility period), a NIRP driven speculative new housing
bubble (for a population that is barely growing...hello China?) seems most
likely. If you haven't already, get busy front
running the next moral hazard moonshot and then stay tuned. Because
as you read this, central bankers are already
devising their next (even more destructive) "plan".
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While the accuracy of the new home sales data is notorious volatile, with
regular revisions wiping out both up and down-side outlier prints, moments ago
the Census reported that in July, the US saw a whopping 654K new home sales, up
12.4%, from the prior month and
higher by 31% from a year ago, smashing expectations of a 580K print, and a -2%
decline from last month's pre-revision print of 592K (since revised lower to
582K).
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Stocks
at the high of the day, Treasury yields at the low of the day, gold at the high of the day... someone
is wrong or the 'QE trade' is back...
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SEE LARGE IMAGES AT: http://www.zerohedge.com/news/2016-08-23/here-are-21-charts-keep-bulls-night-according-bofa
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STATES close to BANKRUPTCY:
case ILLINOIS. Who will suffer its impact?
Illinois
Warns Of "Crippling Tax Hikes", "Devastating Impact" If
Largest Pension Fund Admits Reality
Action this week by Illinois' biggest public
pension fund to lower its expected rate of return, could "cripple"
the state's already fragile finances, Governor Rauner has warned. "If the (TRS) board were to approve a lower assumed
rate of return taxpayers will be automatically and immediately on the hook for
potentially hundreds of millions of dollars in higher taxes or reduced
services... the
unforeseen and unknown automatic cost increases would have a devastating
impact."
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Remember
the shale gale and Saudi America? The scale of those outlandish delusions has now dwindled to plays in a few
counties in West Texas and southeastern New Mexico. Saudi Permian. It’s a race to the bottom as
investors double down on the tight oil companies that can still tell a growth
story.
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Amid expectations that The Kingdom will sell bonds as early as next
month, investors are panic-buying protection against default on Saudi Arabia. The last few weeks have seen a surge in CDS notional outstanding to its highest on record even
as Saudi risk has stabilized after quadrupling in the last year.
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"the most important tell on sentiment will be the U.S. Treasury
auctions. Especially as they involve the two-year and belly. Yesterday morphed
from “uh, oh they’re hawkish” to “I knew I should’ve bought the damn dip.” Buy every dip when facing the possibility of a third big NFP
in a row? Sure, if you believe in the status quo"
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POLITICS
George Orwell said, “In a time of universal deceit, telling the truth is a
revolutionary act.” Thanks to WikiLeaks, we know that powerful
institutions have been abusing their power and lying to the public. WikiLeaks
founder Julian Assange is a hero. Like Edward Snowden, Chelsea Manning, and
other whistleblowers facing government persecution, Assange
has sacrificed his personal comfort and safety to bring us the truth.
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An "extensive
investigation" reveals that FBI reports filed by former agents Coy Copeland and Jim Clemente linking Hillary to the "suicide" of
Deputy White House Counsel Vince Foster have gone missing
from the National Archives.
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Candidate to psychiatric
room or jail .. but to our Presidency.. only in America
Hillary Clinton is 68 years old. She's been diagnosed with cerebral
venous thrombosis; head trauma, brain infection, autoimmune diseases and inborn
clotting abnormalities are all predisposing factors,
per the Washington Post. She's currently taking blood thinners. Four years ago, Clinton fainted, hit her head and suffered a
concussion. But lately many in the media have become outraged that Clinton's
health is being broached at all.
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Lack of fairness &
consistency in blaming the police for schools’ mess.
If
you want a nation of criminals, treat the citizenry like criminals. If
you want young people who grow up seeing themselves as prisoners, run the schools
like prisons. But if you want to
raise up a generation who will actually operate with justice, fairness,
accountability and equality towards each other and their government, then run the
schools like freedom forums. Remove the metal detectors and
surveillance cameras, re-assign the cops elsewhere, and
start treating our nation’s young people like citizens of a republic and not
inmates in a police state.
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ANOTHER STUPID VIEW ON SCHOOLS: the effective
administrator vs. ineffective teacher.
Who are they? Fact 1: Shared decision-making is the most effective way of
administrating schools. Fact 2: During the recession of 1929-36 the schools that
didn’t close were run by teachers.. not by authoritarian Adm
In the State of California 98% of teachers receive tenure after just 18 months on the
job. Once tenure is received it is virtually impossible for
administrators to dismiss a teacher for being even "grossly
ineffective." [?? ] The
California Supreme Court's decision not to review a lawsuit that would have
addressed these issues is a loss for California's students.
….
[ If best teachers in town are transferred to a POOR
neighborhood (with parents having 2 jobs nor human capital background to help kids with their homework) the whole
school will collapse, starting with “efficient Administrators”.. these are in fact the
5th leg of a cat in a school …
not needed and/or .. less needed.
]
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NOT ENOUGH GLUE IN OUR
UNION
This means that as of a month ago, two thirds of all regional
Feds were urging Yellen to hike the discount rate; they were the
following: Boston, Cleveland, Dallas, Kansas City, Philadelphia, Richmond, San
Francisco and St. Louis. Those who voted
to keep discount rate at 1% cited argument that outlook and below-target
inflation supported keeping current accommodation in place; banks were Atlanta,
Chicago, Minneapolis, and especially the New York. Clearly
they dominated the discussion.
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ME & WORLD ISSUES
Chovinistic nationalism
and plundering wars to benefit
the rich are the worse invention of Polit
If The British needed any more confirmation of their decision to leave
The EU, Jean-Claude Juncker, president of the European Commission, just gave
them a big one. The often incoherent "when it's important,
you have to lie" politician
spewed more United States of Europe tripe this morning when he called for
European nations to drop border controls, claiming that borders were "the
worst invention ever." Britain's new PM, Theresa May, was
not amused...
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DEMOCRACY NOW
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GLOBAL RESEARCH
The Strategies of Global Warfare: War with
China and Russia? Washington’s Military Design in the Asia-Pacific By Prof Michel Chossudovsky
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[ In trains collision there is not winner.. only deaths. The
clash US-RU is the most stupid strategy to sell weapons. If the pain of the military in both sides don’t matter .. Why
the life of those who profit from wars will matter? .. Con las armas que matas te mataran, dijo un proverbio
bíblico y la historia lo ratifico. ]
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Former White House
counselor Bill Curry says nothing illegal took place - but that's the essence
of corruption which characterizes the political system of the US
Clinton's Transition
Team includes former Michigan governor Jennifer Granholm, whose legacy includes
austerity and the use of emergency managers, says Reverend David Alexander
Bullock
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INFORMATION CLEARING HOUSE
A Clinton
Family Value: ‘Humanitarian’ War By James W Carden
Kosovo set a pattern that has held in subsequent
interventions in Iraq, Libya and Syria..
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Provoking
Nuclear War by Media By John Pilger
The CIA has demanded Trump is not elected. Pentagon generals
have demanded he is not elected
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Propaganda
for Syrian ‘Regime Change’ By Rick Sterling
The goal is to prepare the public for the new war to begin
after Hillary Clinton becomes President
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Washington doesn’t care if its cooperating allies are
murderers, corrupt thieves, racists and the like.
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Democracy: the freedom to elect our own dictators. There are
no genuine democracies in the world, only oligarchies and dictatorships
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The US Has Consistently Opposed the World’s Effort to Stop
the Zionist Genocide of a Land Called
Palestine.
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It’s getting harder to convince young people that we live in
a nation that values freedom and which is governed by the rule of law.
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How poor we are when
we consider our own pain more worthy than the suffering of others
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COUNTER PUNCH
Diana Johnstone Hillary
and the Glass Ceilings Illusion
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Binoy Kampmark Labouring
Hours: Sweden’s Six-Hour Working Day
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SPUTNIK
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WASHINGTON BLOG
By Chris Hedges
“On
Contact,”
Chris Hedges sits down with Rob Urie, author of Zen
Economics, to discuss “the capitalist labyrinth.”
Urie explains that
humans are conditioned to feel that capitalism is a “natural” state of being.
It’s “the integration of psychology with corporate desire,” he explains. .. Urie
and Hedges then discuss the “radical alienation” produced by capitalism,
particularly how the system is responsible for nuclear
weapons, climate change and even imperialism. “Alienation is the bedrock
of consumer culture,” Hedges notes.
Capitalism, they
agree, has a “self-destructive” quality that “leads to the inability to rectify
the excesses.” In addition, they explore the idea that science is not
objective. “Science has been harnessed to capitalism in
a very destructive way,” Hedges says.
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By Chris Hedges
Corporate forces, long before the Supreme Court’s
decision in Citizens United v. Federal Election
Commission, carried out a coup
d’état in slow motion. The coup is over. We lost. The ruling is one
more judicial effort to streamline mechanisms for corporate control. It exposes
the myth of a functioning democracy and the triumph of corporate power. But it
does not significantly alter the political landscape. The corporate state is
firmly cemented in place.
The fiction of democracy remains useful, not only for
corporations, but for our bankrupt liberal class. If the fiction is
seriously challenged, liberals will be forced to consider actual resistance,
which will be neither pleasant nor easy. As long as a democratic facade exists,
liberals can engage in an empty moral posturing that requires little sacrifice
or commitment. They can be the self-appointed scolds of the Democratic Party,
acting as if they are part of the debate and feel vindicated by their cries of
protest.
Much of the outrage expressed about the court’s ruling is the
outrage of those who prefer this choreographed charade. As long as
the charade is played, they do not have to consider how to combat what the
political philosopher Sheldon
Wolin calls our system of “inverted totalitarianism.”
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NOTICIAS IN SPANISH
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Campos electromagnéticos, dialéctica y lógica formal. Salvador López
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PRESS TV
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Debate:
Battle for Mosul in Iraq
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