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[Entertainment] PLL: The Perfectionists Season 1 Finale Flips the Show On Its Head Pretty Little Liars: The Perfectionists, Janel Parrish, Sasha PieterseSasha Pieterse told us the season one finale of PLL: The Perfectionists would involve "a lot of experiments," and boy she wasn't kidding. It turns out that almost everything...
Published:5/22/2019 8:41:11 PM
[Entertainment] A North Carolina city is suing an RV retailer over its ‘gigantic’ American flag. They still won't take it down A North Carolina city says Gander RV's American flag is too big. CEO Marcus Lemonis, host of CNBC's "The Profit," says he will not remove it.
     
 
 
Published:5/22/2019 8:41:11 PM
[The Blog] AG Barr: Nationwide injunctions violate separation of powers and make district court judges far too powerful

"No official in the United States government can exercise that kind of nationwide power..."

The post AG Barr: Nationwide injunctions violate separation of powers and make district court judges far too powerful appeared first on Hot Air.

Published:5/22/2019 8:41:11 PM
[Markets] Huawei And Ex-Employee Locked In IP Theft Battle

The very embattled Huawei Technologies has accused a former employee of poaching workers and stealing their proprietary intellectual property in order to launch a competing firm backed by Microsoft and Dell.

In a December 2017 lawsuit, Huawei alleged in 2017 that Yiren "Ronnie" Huang stole technology and recruited 14 of its employees. Huang was hired in 2010 as a principal engineer for the Chinese company's solid-state drive (SSD) storage group. In June, 2013, Huang left Huawei subsidiary Futurewei along with several others, before incorporating competing CNEX Labs. 

"Huang used information he obtained through his employment at FutureWei along with FutureWei’s resources and technology in drafting these patent applications," Huawei alleged in its complaint. 

The San Jose-based CNEX shot back, filing a countersuit in 2018 claiming that Huawei engaged in a multiyear conspiracy to steal their solid-state drive storage technology, which included the assistance of a Chinese university, according to the Wall Street Journal

In a pretrial hearing last month, CNEX attorneys alleged that Mr. Xu directed a Huawei engineer to analyze CNEX’s technical information.

CNEX said the engineer met with CNEX officials in June 2016, posing as a potential customer to obtain trade secret information, according to a transcript of the April 17 hearing, which was conducted by the court via teleconference. Afterward, the engineer produced a report about CNEX’s technology and submitted it to a competitive-intelligence database maintained by HiSilicon, Huawei’s chip-development unit, according to a CNEX lawyer who cited the engineer’s deposition, the transcript shows.

Mr. Xu also was briefed on an arrangement between Huawei and China’s Xiamen University, according to CNEX lawyers, who said the partnership was part of a plot to misappropriate CNEX’s trade secrets. -Wall Street Journal

CNEX lawyers said that in 2017, Xiamen University tried to obtain a computer memory board under the guise of purely academic research purposes, which CNEX provided under a licensing agreement with a strict nondisclosure provision. 

"What was hidden from CNEX was that Xiamen was working with Huawei and had entered into an agreement separately with Huawei to provide them with all of their research test reports," said CNEX lawyer Eugene Mar. The Chinese company then fed the results of the Xiamen study into various chip projects, one of which is scheduled for release later this year. 

A Huawei lawyer acknowledged that Mr. Xu “was in the chain of command that had requested” information about CNEX, and confirmed that a CNEX document had been put into HiSilicon’s competitive intelligence database, known as its “D-box directory,” according to the transcript of the April 17 hearing.

Huawei insists that nothing was stolen, and that the engineer had met with CNEX after he was invited to discuss "their products and their open source technology," according to the transcripts. 

Huang, who had worked in the field for decades including at Cisco, was hired at Huawei’s FutureWei unit in Santa Clara, California, in January 2011. His job was to oversee a group researching various storage technologies that could be integrated into Huawei’s networking products.

Huang says the position was a ruse by Huawei to steal his inventions as part of an “ongoing effort for Chinese technological dominance.” He stayed with the firm for more than two years, and formed CNEX with two former Marvell Technology Group Ltd. executives less than a week after he left FutureWei. -Bloomberg

"Huawei is attempting to use the U.S. federal court system in Texas to steal intellectual property created and developed by American semiconductor innovators," said CNEX General Counsel Matthew Gloss, who added that the trial "will shed light on the systematic and wide-ranging methods Huawei has used to steal emerging and foundational data center technology expected to support tomorrow’s 5G networks."

On April 2, District Court Judge Amos Mazzant ruled that CNEX doesn't have to turn over ownership of Huang's patents and applications. 

The trading of barbs comes amid sensitive trade negotiations between the US and China. After the Trump administration blacklisted Huawei - which it has accused of assisting Beijing in espionage - a slew of technology firms and telecom companies around the world have scrapped plans to sell Huawei handsets and other devices. 

Published:5/22/2019 8:41:11 PM
[1c0566ad-8e22-597b-9aaf-a74b59b768f1] Stephen Sandherr: Trump and Dems should fix infrastructure and stop partisan bickering President Trump and Democrats in Congress should set aside their differences on investigations and work together to fund desperately needed infrastructure improvements. Published:5/22/2019 8:41:11 PM
[Politics] WATCH: Crazy pro-abortion lady goes f-bomb BALLISTIC on pro-life activist! Live Action’s Alison Centofante went to a protest rally outside the Supreme Court and was accosted by some crazy pro-abortion lady who dropped the f-bomb more times than I can count: That . . . Published:5/22/2019 8:41:11 PM
[World] MarketWatch First Take: Qualcomm is tossed back into the uncertainty that the Apple settlement seemed to cure Earlier this month, Qualcomm investors thought some of the chip maker’s legal issues were abating after the company’s big agreement with Apple, but on Wednesday, the company was seen as having more uncertainty after a federal court ruling.
Published:5/22/2019 8:41:11 PM
[Politics] Biden Leads Warren, Sanders in Poll of Fla. Voters Former Vice President Joe Biden leads all Democratic contenders in a poll of Florida voters released Wednesday.Biden, who announced his run for president in late April, polled at 39 percent, followed by Sens. Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont... Published:5/22/2019 8:12:09 PM
[US News] Wow: Jail director defends release of two illegal alien teens now charged with murder of 14-year-old

Why were two illegal alien gang members accused of attempted murder allowed to walk free anyway?

The post Wow: Jail director defends release of two illegal alien teens now charged with murder of 14-year-old appeared first on twitchy.com.

Published:5/22/2019 8:12:09 PM
[Politics] Rand Paul to Amash: You wrong bro… Rand Paul thankfully doesn’t agree with Justin Amash that Trump has committed impeachment worthy obstruction of justice. Here’s what he told the Huffington Post: Sen. Rand Paul (R-Ky.) says Rep. Justin Amash . . . Published:5/22/2019 8:12:09 PM
[The Blog] New funding plan for border wall: Go through TSA’s pockets and look for loose change

The voice of ... reason?

The post New funding plan for border wall: Go through TSA’s pockets and look for loose change appeared first on Hot Air.

Published:5/22/2019 8:12:09 PM
[worldNews] Swiss propose house arrest, including for teenagers, to curb extremism The Swiss government on Wednesday proposed new laws aimed at preventing extremist violence and forcing people including children deemed a threat to be registered with authorities, with house arrest a last resort in some cases.
Published:5/22/2019 8:12:09 PM
[In The News] Fernando Valley Man Sentenced for Planning Long Beach Mass Terror Attack

By R. Mitchell -

A federal grand jury indicted a San Fernando Valley man for his role in planning to bomb a rally in Long Beach last month for the purpose of causing mass casualties. Mark Steven Domingo, 26, of Reseda, California, a former U.S. Army infantryman who was deployed to Afghanistan, was previously ...

Fernando Valley Man Sentenced for Planning Long Beach Mass Terror Attack is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:5/22/2019 8:12:09 PM
[Immigration] Twice Deported Illegal Immigrant Arrested For Attempted Child Abduction

The following article, Twice Deported Illegal Immigrant Arrested For Attempted Child Abduction, was first published on Godfather Politics.

The Seattle Times reported that prosecutors have charged a man with luring and second-degree assault after he allegedly tried to force a 14-year-old girl into his truck. The suspect is 51-year-old Esequiel Medina-Vasquez and yes he is an illegal immigrant that has been deported twice. He was deported in 2007 and 2014. He was also arrested in ...

Continue reading: Twice Deported Illegal Immigrant Arrested For Attempted Child Abduction ...

Published:5/22/2019 8:12:09 PM
[Markets] Scientists Expose World-Killer: Where Ozone-Destroying Chemicals Are Coming From

Authored by Carly Cassella via Science Alert,

It's been exactly one year since US scientists reported a mysterious surge in ozone-destroying chemicals, known as chlorofluorocarbons (CFCs).

Banned in 1987 under the globally signed Montreal Protocol, there was only one explanation: somewhere out there, in an unknown location, someone must have gone rogue, setting back progress on the ozone hole by a decade or more.

After much speculation, the whereabouts and magnitude of these harmful emissions has been confirmed in scientific research. As earlier reporting in The New York Times had already suggested, they seem to be coming from the northeast coast of mainland China.

Since the Montreal Protocol was declared a success in 2013, this highly industrial region has continued to emit, whether accidentally or not, CFC-11: the second most abundant chlorofluorocarbon in the atmosphere. Between the periods of 2008-2012 and 2014-2017, in fact, CFC-11 emissions increased here by roughly 110 percent.

"This increase accounts for a substantial fraction (at least 40 to 60 per cent) of the global rise in CFC-11 emissions," an international team of researchers writes in a new report.

"We find no evidence for a significant increase in CFC-11 emissions from any other eastern Asian countries or other regions of the world where there are available data for the detection of regional emissions."

These violations are likely going unreported because even though CFC-11 is illegal, it is also one of the cheapest ways to produce new foam insulation in refrigerators and buildings.

After tracking down documents and international sources, journalists at The New York Times and independent investigators discovered that in some factories in China, illegal CFC use has been slipping through the cracks for years.

The examples given are based in Xingfu, a rural industrial town in China's Shandong province, and incidentally, that is the very same province that the scientists landed on too.

Gathering atmospheric observations from locations in South Korea and Japan, the researchers compared global monitoring data and atmospheric chemical movements to figure out whether these emissions came from eastern Asia - the area most suspected as the source of CFC-11.

Along with Shandong, the nearby province of Hebei was also implicated. Both regions are big industrial producers heavily involved in the nation's manufacturing, and while the chemical may not actually be produced here, it's certainly being emitted at alarming rates somewhere nearby.

"To bring about such an increase ... would require new emissions from the disposal and destruction of refrigerators more than 10 times higher than recently estimated for the whole of China between 2014 and 2017," the authors write, "or a larger and more rapid increase in emissions from the demolition of old buildings than was previously predicted for the entire world over a 20-year period (2020–2040)."

Whether these factories know what they're doing or not (and the NYT report certainly suggests they understand), their actions pose a serious threat not only to the ozone layer, but also to the climate crisis. CFC-11 has a powerful heat-trapping effect in the atmosphere, so if emissions continue as they are, experts say it would be equivalent to the amount of CO2 produced by 16 coal-fired power stations every year.

China currently produces about one-third of the world's polyurethane foam, and the emissions so far may only represent a fraction of what has already been manufactured. The rest of the CFC-11 may still be trapped inside a slowly-emitting foam bank, and the only way to know for sure is to find the ones responsible.

Unfortunately, the new research is unable to zoom in any closer on the culprit, so it is still unclear whether these emissions are widespread across both these Chinese regions, or scattered among just a few sources. For now, the hunt continues.

This study has been published in Nature.

Published:5/22/2019 8:12:09 PM
[Automotive] Elon Musk’s Boring Company lands $48.7M contract for underground “people mover” in Las Vegas The Boring Company, Elon Musk’s tunneling and transportation startup, has landed a $48.7 million project to shuttle people in an underground Loop system around the Las Vegas Convention Center. This is the company’s first commercial contract. The initial design for the project, dubbed Campus Wide People Mover or CWPM, will focus on the Las Vegas […] Published:5/22/2019 8:12:09 PM
[Culture] NYU Graduation Speaker Smears Trump, Israel

The post NYU Graduation Speaker Smears Trump, Israel appeared first on Washington Free Beacon.

Published:5/22/2019 7:41:12 PM
[Markets] Asia markets slide amid US-China trade jitters Stocks in Asia declined in morning trade. Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution to the U.S.-China trade war. Meanwhile, restrictions on Chinese telecommunications giant Huawei have led China to rethink its entire economic relationship with the U.S., according to a report from The South China Morning Post. Published:5/22/2019 7:41:12 PM
[Education] The SAT’s New ‘Adversity Score’ Isn’t Just Unfair. It’s Self-Destructive.

We all thought those online quizzes that give you a score based on “how privileged you are” were funny. Except now, the score is real—and... Read More

The post The SAT’s New ‘Adversity Score’ Isn’t Just Unfair. It’s Self-Destructive. appeared first on The Daily Signal.

Published:5/22/2019 7:41:12 PM
[Entertainment] Shahs of Sunset Star Mercedes ''MJ'' Javid Breaks Silence on Reza Farahan's Restraining Order Mercedes, Reza FarahanThe drama continues... Mercedes "MJ" Javid is breaking her silence on the ongoing feud between her and fellow castmate (and "former friend"), Reza Farahan. Some...
Published:5/22/2019 7:41:12 PM
[US News] Speaker Nancy Pelosi doubles down, accuses president of ‘an unprecedented coverup campaign’

The Democrats have a great platform going into 2020: investigating Trump forever.

The post Speaker Nancy Pelosi doubles down, accuses president of ‘an unprecedented coverup campaign’ appeared first on twitchy.com.

Published:5/22/2019 7:41:12 PM
[51dced39-1e73-5f6f-b312-109ffc55ab1b] Billie Lourd and late mom Carrie Fisher will reunite in 'Rise of Skywalker' Billie Lourd and her late mother, "Star Wars" icon Carrie Fisher, are going to reunite in the movie's upcoming final installment. Published:5/22/2019 7:41:12 PM
[Markets] World Trade War I: US Asks South Korea To Join Anti-Huawei Campaign

The bilateral trade war between the US and China is gradually becoming a global trade war of global geopolitical and commercial dominance between the US and Chinese spheres of influence.

Shortly after the two largest mobile phone companies in the UK decided against launching Huawei-built 5G phones this morning, and roughly around the time a bevy of Japanese tech and telecom companies including ARM Holdings, Panasonic and SoftBank all imposed a boycott on supplying Huawei with mission critical components joining Australia, and New Zealand as major US allies to end commercial relations with Huawei following the US decision to crack down on the Chinese telecom giant (see "Huawei Feels U.S. Squeeze in U.K., Japan as Partners Curb Business") the White House is now pressuring another critical Chinese trading partner - South Korea - to cease ties with Huawei.

According to the Chosun Ilbo newspaper, the US recently asked South Korean government to support and join its anti-Huawei campaign.

Forcing Seoul to pick sides in a fight it would rather stay out of - especially since both sides still bear a distinct grudge from the Korean war - the US delivered a message several times to S. Korea’s Foreign Ministry that "using Huawei products may cause security problems" and as a result, the US requested S. Korea’s "active" support of US policy toward China as South Korea is seen as an American ally.

More from Chosun, google translated:

A diplomatic source in Seoul said, "We have been constantly communicating to the Ministry of Foreign Affairs that there is a risk of security problems if the US government uses Huawei products through various diplomatic channels. "We have asked for cooperation in the policy." The United States, which is in full control of Huawei due to trade pressure on China, has demanded that its allies such as South Korea join in.

U.S. State Department official told a S. Korean govt official that LG Uplus should not provide services in sensitive areas in the country and that S. Korea needs to ban Huawei in the end, though not immediately

For now, the pressure campaign has failed to generate success: while the Ministry of Foreign Affairs expressed its sympathy for the concerns of the United States, it has so far been hesitant to take a stand, saying, "it is difficult for the government to intervene in the decision-making of private enterprises" and expressed reservations about the request.

As Chosun adds, citing members of the telecom and IT industry, if the Korean government stops importing Huawei equipment at the request of the United States, it is estimated that the damage to the enterprise amounts to billions of dollars. If China takes retaliation against our company, the damage can snowball."

On the other hand, South Korea's own telecom giant, Samsung stands to benefit if Huawei, the world's second-biggest smartphone vendor (having recently supplanted Apple) is crippled. Of course, if Seoul concedes to US demands, and joins Japan, Australia, New Zealand and other Pacific Rim nations in launching their own trade war against Beijing, China's retaliation will be furious and will likely result in further collapse in trade among these nations. Which is a problem considering that just yesterday we pointed out the unprecedented plunge in South Korean exports for the first 20 days of the month.

As such, the longer the trade war between the US and China drags on, the more nations will join both either US or China in retaliating against the adversary, in the process plunging global trade even further. Which is also a problem, because as we showed last week, global trade has already plummeted to near depression levels last seen during the financial crisis.

Should trade get even worse, not even central banks will be able to "print" the trillions in trade and commerce that will be indefinitely mothballed.

Published:5/22/2019 7:41:12 PM
[worldNews] Trump administration may use Iran threat to sell bombs to Saudis without Congress' approval: senator U.S. President Donald Trump's administration plans to use a loophole and rising tensions with Iran to sell bombs to Saudi Arabia, even though Congress blocked such sales for months over concerns about civilian deaths in the war in Yemen, Senator Chris Murphy said on Wednesday.
Published:5/22/2019 7:41:12 PM
[Trending Commentary] Twitter Co-Founder: Fox News Is ‘More Destructive’ Than Trump’s Tweets

By Chris White -

sad twitter

Twitter co-founder Ev Williams said Wednesday that he believes Fox News is much more “powerful and destructive” than the company he helped create. “The vast majority of the electorate is not on Twitter reading Trump’s tweets and being convinced by that,” Williams told CNN in an interview in Toronto. “What ...

Twitter Co-Founder: Fox News Is ‘More Destructive’ Than Trump’s Tweets is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:5/22/2019 7:41:12 PM
[Markets] The Wall Street Journal: Bill would offer $700 million in aid to U.S. telecoms hurt by Huawei ban Lawmakers introduced legislation Wednesday that would provide up to $700 million to help U.S. telecom carriers remove equipment purchased from Huawei Technologies Co. and other Chinese companies deemed a security risk.
Published:5/22/2019 7:41:12 PM
[Customs, Border and Immigration News] Yuma Sector Border Patrol Surpasses 50,000 Apprehensions in FY19

By R. Mitchell -

YUMA, Ariz. – Yuma Sector ranks third in the nation for total apprehensions along the Southwest Border, and has spent more than $1 million in humanitarian costs for the care of families and unaccompanied alien children in custody in fiscal year 2019. Yuma Sector Border Patrol agents have apprehended more ...

Yuma Sector Border Patrol Surpasses 50,000 Apprehensions in FY19 is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:5/22/2019 7:41:12 PM
[Politics] Rand Paul to Amash: You wrong bro… Rand Paul thankfully doesn’t agree with Justin Amash that Trump has committed impeachment worthy obstruction of justice. Here’s what he told the Huffington Post: Sen. Rand Paul (R-Ky.) says Rep. Justin Amash . . . Published:5/22/2019 7:41:12 PM
[World] The Wall Street Journal: NRA sues ad agency, claiming it was behind ‘executive coup’ attempt The National Rifle Association filed a lawsuit accusing its longtime advertising firm of orchestrating a failed executive coup at the gun-rights group and leaking details about lavish expenses, as part of an alleged attempt to “tarnish and ultimately destroy the public image of the NRA and its senior leadership.”
Published:5/22/2019 7:41:12 PM
[Politics] HUD Secretary Carson on REO Mixup: Having Difficulty Hearing To explain why he thought he was being asked about Oreos by congresswoman Katie Porter, D-Calif., during a Tuesday appearance before the House Financial Services Committee, HUD Secretary Ben Carson took to Fox Business on Wednesday. Published:5/22/2019 7:11:48 PM
[Entertainment] 'Jeopardy!' juggernaut James Holzhauer moves closer to $2 million winnings with 25th win "Jeopardy!" champ James continued his epic streak with his 25th consecutive victory Wednesday.
     
 
 
Published:5/22/2019 7:11:48 PM
[worldNews] New Mexico counties revolt against migrant releases Two more New Mexico counties have declared their opposition to taking in migrants in a growing revolt against federal authorities dropping off a surge in Central American families in the state's rural, southern communities.
Published:5/22/2019 7:11:48 PM
[Markets] Is it time to revive the rumors that Apple will buy Tesla? Here’s why one expert thinks so The bad news seems to keep on coming for Tesla Inc., and one expert says this is the year the electric-car company “comes undone” — and maybe gets bought by Apple Inc.
Published:5/22/2019 7:11:48 PM
[US News] Rep. Dan Crenshaw weighs in on Border Patrol’s so-called ‘intentional’ killing of unaccompanied migrant child with heart defects

You might as well accuse the doctors and hospitals treating these sick children of intentionally killing them too.

The post Rep. Dan Crenshaw weighs in on Border Patrol’s so-called ‘intentional’ killing of unaccompanied migrant child with heart defects appeared first on twitchy.com.

Published:5/22/2019 7:11:48 PM
[Markets] Asia markets set to slide amid US-China trade jitters Asia markets were set to trade cautiously on Thursday as investors worried over the ongoing trade tensions between the United States and China. Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution to the U.S.-China trade war. Meanwhile, restrictions on Chinese telecom giant Huawei have led China to rethink its entire economic relationship with the U.S., according to a report from The South China Morning Post. Published:5/22/2019 7:11:48 PM
[Politics] WATCH: Ted Cruz explains to Ben Shapiro his investigation into the discrimination of Christians at Yale Law School… Yesterday it was announced that Ted Cruz has opened an investigation, via his Judiciary Subcommittee on the Constitution, into discriminatory polices adopted by Yale Law School against Christians and conservatives. Today he . . . Published:5/22/2019 7:11:48 PM
[Politics] WATCH: Ted Cruz explains to Ben Shapiro his investigation into the discrimination of Christians at Yale Law School… Yesterday it was announced that Ted Cruz has opened an investigation, via his Judiciary Subcommittee on the Constitution, into discriminatory polices adopted by Yale Law School against Christians and conservatives. Today he . . . Published:5/22/2019 7:11:48 PM
[Climate] Global Warming: It Can Do Anything! (John Hinderaker) I’m so old, I can remember when global warming caused droughts. Or, put another way, climate change was making the Earth–in particular, the Great Lakes–drier. Thus, as I noted here: National Geographic: “Climate Change and Variability Drive Low Water Levels on the Great Lakes.” The National Resources Defense Council: “Climate change is lowering Great Lakes water levels.” It’s no secret that, partially due to climate change, the water levels in Published:5/22/2019 7:11:48 PM
[913a6d25-d650-51ed-8ecd-954e0295bb42] Tim Allen warned Tom Hanks about 'tough' ‘Toy Story 4’ ending: ‘It was emotional’ Tim Allen apparently warned Tom Hanks about the “tough” ending of “Toy Story 4” before the actor recorded his part.  Published:5/22/2019 7:11:48 PM
[Entertainment] Jeannie Mai Explains How Being Sexually Abused Led to an 8-Year Rift With Her Mom Jeannie MaiJeannie Mai's relationship with her mother has come a long way. In a new episode for her YouTube series Hello Hunnay With Jeannie Mai, The Real co-host sat down with Olivia TuTram Mai...
Published:5/22/2019 7:11:48 PM
[Democrats] Poll: 70% Of Dems Say Socialism Would Be Good For America

The following article, Poll: 70% Of Dems Say Socialism Would Be Good For America, was first published on Godfather Politics.

According to a new Gallup poll, seventy percent of Democrats say “some form of socialism” would be a “good thing” for the U.S. 70% of Democrats say socialism would be a good thing, while 84 percent of Republicans saying socialism would be a bad thing. Reason 10,432 why everyone needs to vote Democrats out of ...

Continue reading: Poll: 70% Of Dems Say Socialism Would Be Good For America ...

Published:5/22/2019 7:11:48 PM
[The Blog] Happy Memorial Day: NC town says store’s US flag is just too big

O, say can you see

The post Happy Memorial Day: NC town says store’s US flag is just too big appeared first on Hot Air.

Published:5/22/2019 7:11:47 PM
[Markets] Nevada Passes National Popular Vote Bill To Undermine Electoral College

The Nevada Senate on Tuesday approved a National Popular Vote bill, sending the legislation aimed at undermining the electoral college to Democratic Gov. Steve Sisolak. 

Assembly Bill 186 was passed by the Senate on a 12-8 vote along party lines, and will bring Nevada into the National Popular Vote Interstate Compact - an agreement which would see participating states casting their electoral votes for whoever wins the popular vote, according to the Washington Times

If signed as expected by Democratic Gov. Steve Sisolak, Nevada would become the 16th jurisdiction to join the compact, along with 14 states and the District of Columbia. The compact would take effect after states totaling 270 electoral votes, and with Nevada, the total would reach 195.

While the effort has been billed by organizers as bipartisan, Democrats have embraced the NPV in the aftermath of President Trump’s 2016 victory, which saw the Republican win the electoral vote but not the popular vote. -Washington Times

The move was widely applauded by leftist groups such as Public Citizen, Common Cause and Indivisible. 

"The movement to abolish the electoral college is winning," tweeted Public Citizen. Of note, the NPV does not actually "abolish the electoral college" - it renders it irrelevant by requiring electors cast their votes for whoever receives the most votes, regardless of who actually wins in their state. 

Supporters of the NPV compact say it will take the power away from a handful of swing states, while critics say it will concentrate power in coastal, populous, primarily liberal strongholds such as California and New York. 

"If we go to a national popular vote, why would they even bother coming here? Our constitution says we’re a republic, not a democracy," said Nevada Assemblyman Jim Wheeler (R) during an April debate. "I voted ‘no’ on the national popular vote because I don’t want Nevada to be a flyover state." 

So far in 2019, Colorado, Delaware and New Mexico have joined the compact, while other Democrat-controlled states are expected to follow. Last week the Maine Senate passed an NPV bill which has been sent to the House, while Oregon's similar legislation has been approved by the Senate. 

Published:5/22/2019 7:11:47 PM
[U.S. POLITICS] Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump

Two Obama appointees just greenlit two of the most invasive Congressional subpoenas for private financial information in American history. Their orders eviscerate and endanger privacy for all Americans.

The post Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump appeared first on Human Events.

Published:5/22/2019 7:11:47 PM
[] Jada Pinkett-Smith: I Was Addicted to Porn Join the club, sister. "I wasn't in a relationship when I had a porn addiction, believe it or not, thank goodness," Pinkett-Smith told Willow Smith and her mother Adrienne Banfield-Jones. "I actually feel like I was using 'addiction' a little... Published:5/22/2019 7:11:47 PM
[World] Liberation from student loan debt for one Class of '19 teaches a universal lesson

Pomp and circumstance depends a lot more on circumstance than pomp. The 396 graduates of Morehouse College in Atlanta learned that in an unforgettable way the other day at their commencement ceremony. The graduates with their families and friends whooped it up, with plenty to whoop it up for. The ... Published:5/22/2019 6:41:37 PM

[Entertainment] Why Naomi Scott Decided to Bring Her ''Own Flavor'' to Princess Jasmine in Disney's Aladdin Naomi Scott"No matter what you do, you will get criticized." Preach, Naomi Scott! As Disney's Aladdin is set to hit theaters on May 24, the 26-year-old actress shared what it was like to...
Published:5/22/2019 6:41:37 PM
[7a1c2313-136d-502f-8026-409684ead0b6] BuzzFeed News issued cease-and-desist letter from woman in Tony Robbins scandal BuzzFeed News has been accused of using illegal and unethical means to obtain some information used in its recent bombshell accusing self-help guru Tony Robbins of sexual wrongdoings, according to a cease-and-desist letter obtained by Fox News -- but BuzzFeed is standing by its reporting.  Published:5/22/2019 6:41:37 PM
[TC] Boom wants to build a supersonic jet for mainstream passengers; here’s its game plan While much of the world remains fixated on the competition to build autonomous cars, there’s another race that’s gaining momentum fast. It centers on supersonic jets that can fly faster than the speed of sound, or 767 miles per hour. Indeed, while most commercial airliners today fly at between 400 and 650 miles per hour […] Published:5/22/2019 6:41:37 PM
[worldNews] Brazil's Bolsonaro wins key vote in Congress Brazilian President Jair Bolsonaro surmounted a crucial hurdle for his young government on Wednesday by winning approval from disgruntled lower house lawmakers for his move to reorganize the country's executive branch.
Published:5/22/2019 6:41:37 PM
[Uncategorized] Gibson’s Bakery v. Oberlin College – Did Trump win spark campus ‘dissociative fugue’ against the bakery? With a one-day pause in witness testimony, a chance to explore some theories of the case, and explain some open issues. Published:5/22/2019 6:41:37 PM
[Politics] Sen. John Kennedy Says Congress Has Done 'Nothing' Congress is doing "nothing" except confirming President Donald Trump's judicial nominations, Sen. John Kennedy, R-La., on Wednesday told Newsweek. Published:5/22/2019 6:41:37 PM
[Media] CNBC: If Trump loves infrastructure so much, why doesn’t he love California’s high-speed rail project?

The high-speed rail project whose budget ballooned to more than $75 billion? That high-speed rail project?

The post CNBC: If Trump loves infrastructure so much, why doesn’t he love California’s high-speed rail project? appeared first on twitchy.com.

Published:5/22/2019 6:41:37 PM
[The Blog] New York City received 17,353 rat sighting calls last year, this map shows them all

"Rat sightings reported to the city’s 311 hotline have soared..."

The post New York City received 17,353 rat sighting calls last year, this map shows them all appeared first on Hot Air.

Published:5/22/2019 6:41:37 PM
[Markets] Japan, UK Join US Blockade Of China: ARM Tells Staff To Stop Working With Huawei

Japan and the UK have joined the US trade clampdown on China as technology companies scramble to comply with a May 15 Executive Order signed by President Trump, which governs foreign-made telecommunications equipment deemed a national security risk

Japanese-owned chip designer ARM Holdings has notified its staff to halt "all active contracts, support entitlements, and any pending engagements" with Huawei and its subsidiaries in order to comply with the recent US clampdown, according to the BBC. Based in the UK and owned by Japan's Softbank, ARM designs and licenses processors used in all types of electronic devices, including smart phones, tablets, laptops, televisions, automotive systems and more. 

"ARM is the foundation of Huawei’s smartphone chip designs, so this is an insurmountable obstacle for Huawei," said Geoff Blaber of CCS Insight, adding: "That said, with an abundance of companies in Huawei’s supply chain already having taken action to comply with the US order, Huawei’s ability to operate was already severely affected."

In a company-wide memo, ARM told employees that their designs contain "US origin technology," which would be affected by the Trump administration's May 15 Executive Order to "protect our country against critical national security threats." 

The US has argued that the Chinese government could force companies such as Huawei to install backdoors on their devices to allow for spying on US networks - an accusation Huawei has repeatedly denied. 

Softbank - which is also one of Japan's largest mobile carriers - has joined with Japan's largest carriers DoCoMo and KDDI in announcing that they will stop taking orders for Huawei handsets. 

KDDI and SoftBank said they made the decision as it remains unclear whether U.S. technology giant Google LLC will continue providing services, including its Android operating system, to the Chinese smartphone-maker following the declaration of a national emergency over technology threats by U.S. President Donald Trump last week. -Japan Times

Meanwhile, Japan's Panasonic has halted business with Huawei, and will no longer sell them certain components. "The affected products are limited, and there will be hardly any impact on earnings," said a spokesperson. 

Panasonic supplies parts for Huawei phones, and some of the Japanese companies' products use U.S.-made technology.

The Osaka-based company said it will study whether other products are affected by last week's U.S. Commerce Department decision, which applies to American-made technology, as well as to products manufactured overseas if the ratio of U.S.-derived content exceeds 25% by market value. -Nikkei

The UK's Vodafone and BT subsidiary EE, have also announced that they would pull Huawei's phones from their 5G networks, according to the Irish Times

BT subsidiary EE had planned to offer Huawei phones as part of its launch on Wednesday of the UK’s first 5G network, but decided to “pause” this because of uncertainty after the Chinese group was included on a blacklist that forbids US companies to supply it with technology. This could stop Google from providing future versions of its Android system to Huawei.

Vodafone also said it would suspend Huawei’s Mate X phone from its 5G line-up. Vodafone had planned to launch the handset in the summer on its 5G network, but a spokesman said on Wednesday that “Huawei’s 5G handset is yet to receive the necessary certifications”. -Irish Times

EE will continue to use Huawei technology, along with Ericsson, for their 5G network's radio equipment despite the ongoing political debate surrounding the Chinese company's supply chain. 

Last week the United States placed Huawei and 70 affiliates on its so-called "Entity List," which will make it much more difficult for the telecom giant to buy parts and components from U.S. companies. U.S. officials said the decision would also make it difficult for Huawei to sell some products because of its reliance on U.S. suppliers.

Published:5/22/2019 6:41:36 PM
[Uncategorized] VIP Live, Tomorrow Evening (John Hinderaker) Tomorrow evening, starting at 7 p.m. Central time (5 Pacific, 8 Eastern), we are doing a VIP Live event. If you are a VIP member, you will get an email with a link to a live YouTube address where you can watch the event and submit your own comments and questions on the issues of the day. If you are not already a VIP member, you can become one by Published:5/22/2019 6:41:36 PM
[Politics] Democrats Are Painted Into a Corner If the Democrats are really tempted by impeachment, bring it on. Since the day after the 2016 election they have been threatening this, placing their chips on the Russian-collusion fantasy and then on the phantasmagoric charade of obstruction of justice. The attorney general accurately gave the ingredients of the offense of obstruction of justice in his four-page summary of the Mueller report: a corrupt act for corrupt purposes in contemplation of a legal proceeding. The attorney general... Published:5/22/2019 6:41:36 PM
[T] AT&T's Large Dividend And Shareholder Equity Make It A Buy Over Verizon Published:5/22/2019 6:10:17 PM
[Entertainment] Kylie Skin, Lancome Sale & More Beauty We're Loving Today E-Comm: Kylie Jenner, Kylie CosmeticsWe love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!. The...
Published:5/22/2019 6:10:17 PM
[0fbf7cba-5f34-5276-b7b5-3d400bed9913] Gutfeld on taking a driving class I took a five-hour driving class this week and the experience was very different than when I took a similar course as a 16-year-old. Published:5/22/2019 6:10:17 PM
[US News] Please let this pro-choice protest sign calling the unborn ‘parasites’ be a Photoshop

They're not pro-abortion, they just believe an unborn baby is a parasite feeding off its host.

The post Please let this pro-choice protest sign calling the unborn ‘parasites’ be a Photoshop appeared first on twitchy.com.

Published:5/22/2019 6:10:16 PM
[The Blog] More Avenatti charges, this time for stealing Stormy Daniels’ money?

The hits just keep on coming

The post More Avenatti charges, this time for stealing Stormy Daniels’ money? appeared first on Hot Air.

Published:5/22/2019 6:10:16 PM
[Artificial Intelligence] Mona Lisa frown: Machine learning brings old paintings and photos to life Machine learning researchers have produced a system that can recreate lifelike motion from just a single frame of a person's face, opening up the possibility of animating not just photos but also of paintings. It's not perfect, but when it works, it is — like much AI work these days — eerie and fascinating. Published:5/22/2019 6:10:16 PM
[Politics] “An LGBT explosion” – Pennsylvania high school hosts DRAG QUEEN show for students… A Pennsylvania high school hosted a drag queen show for students today, sponsored of course by the LGBT club at the school: CBN NEWS – A high school located in southeastern Pennsylvania . . . Published:5/22/2019 6:10:16 PM
[Politics] “An LGBT explosion” – Pennsylvania high school hosts DRAG QUEEN show for students… A Pennsylvania high school hosted a drag queen show for students today, sponsored of course by the LGBT club at the school: CBN NEWS – A high school located in southeastern Pennsylvania . . . Published:5/22/2019 6:10:16 PM
[73941999-7a20-5427-af5d-0690fcbb811a] MSNBC's Nicolle Wallace: Pelosi 'seemed to unravel Trump psychologically' MSNBC host Nicolle Wallace suggested on Wednesday that House Speaker Nancy Pelosi, D-Calif had successfully unraveled President Trump "psychologically" after she accused him of a "cover-up." Published:5/22/2019 6:10:16 PM
[News] ??HEARTBREAKING VIDEO: Oklahoma House Pulled Into The Cimarron River

The following article, ??HEARTBREAKING VIDEO: Oklahoma House Pulled Into The Cimarron River, was first published on Godfather Politics.

Flooding forced some residents living along Cimarron River to evacuate and leave their beloved homes. One home was pulled off the river bank and into the raging Cimarron River on Wednesday. Authorities say parts of others are hanging over the riverbank and are threatened with collapsing. This is heartbreaking to watch: ABC7: Some residents along ...

Continue reading: ??HEARTBREAKING VIDEO: Oklahoma House Pulled Into The Cimarron River ...

Published:5/22/2019 6:10:16 PM
[topics:things/ambulances] Swathes of countryside becoming 'healthcare deserts' with £100 trips for hospital care  Published:5/22/2019 6:10:16 PM
[Markets] Mnuchin Says Plans For Harriet Tubman On The $20 Have Been "Delayed" To 2028

In a move that is drawing ire from the left side of the aisle, Treasury Secretary Steven Mnuchin announced Wednesday that a planned redesign of the $20 bill, set to include Harriet Tubman, will be delayed from its planned release date in 2020, according to CNBC.

The timing of the release had been set to coincide with the 100th anniversary of the 19th Amendment, which granted women the right to vote, but, due to counterfeiting issues, Mnuchin now says that no new imagery is going to be released until 2028. 

Mnuchin said during a House Financial Services Committee meeting: “The primary reason we have looked at redesigning the currency is for counterfeiting issues. Based upon this, the $20 bill will now not come out until 2028. The $10 bill and the $50 bill will come out with new features beforehand.”

The redesign was announced by Treasury Secretary Jack Lew in 2016, following a 10 month process of seeking input from the public. In 2016, Lew said: “The decision to put Harriet Tubman on the new $20 was driven by thousands of responses we received from Americans young and old. I have been particularly struck by the many comments and reactions from children for whom Harriet Tubman is not just a historical figure, but a role model for leadership and participation in our democracy.”

During President's Trump campaign for President, he referred to the idea of Tubman on the $20 as "pure political correctness" and instead suggested that she should be on the $2 bill. 

Naturally, this set the left into a frenzy:

In more important news, perhaps somebody should remind the left that if they get their ways in terms of MMT, monetary policy and fiscal policy, it's not going to matter who is printed on the $20 when it inevitably becomes worthless. 

Published:5/22/2019 6:10:16 PM
[] Hundreds of Migrants Mob French Airport Terminal, Demanding a Meeting with the PM "France does not belong to the French!" one protester screamed. No, not for much longer. Nor does America belong to Americans. Video showed hundreds of illegal immigrants storming a French airport and occupying an entire terminal Sunday, demanding to meet... Published:5/22/2019 6:10:16 PM
[Politics] ATR Applauds Whip Scalise and Rep. McKinley for Resolution Condemning a Carbon Tax Published:5/22/2019 5:39:54 PM
[Politics] JUST IN: Deutsche bank to abide by court order after judge rules against Trump… An Obama judge ruled against Trump’s legal team today, refusing to block Democrat subpoenas for Deutsche Bank: CNBC – A federal judge in New York City on Wednesday said Deutsche Bank and . . . Published:5/22/2019 5:39:54 PM
[Politics] JUST IN: Deutsche bank to abide by court order after judge rules against Trump… An Obama judge ruled against Trump’s legal team today, refusing to block Democrat subpoenas for Deutsche Bank: CNBC – A federal judge in New York City on Wednesday said Deutsche Bank and . . . Published:5/22/2019 5:39:54 PM
[Markets] Tesla’s Autopilot feature lags ‘far behind’ a human driver, Consumer Reports says A new feature on Tesla Inc.’s Autopilot allows questionable moves and is ultimately more trouble than it is worth, Consumer Reports says in a report Wednesday.
Published:5/22/2019 5:39:54 PM
[US News] ‘YIKES’! It appears Beto O’Rourke’s campaign is having BIG problems generating excitement

Alyssa Milano hardest hit?

The post ‘YIKES’! It appears Beto O’Rourke’s campaign is having BIG problems generating excitement appeared first on twitchy.com.

Published:5/22/2019 5:39:54 PM
[Columnists] Carson Hounded by Open Borders Liberals for Putting Americans First

We no longer live in a constitutional republic. We live in an idiocracy. Only in modern-day America, under the Democratic-controlled U.S. House of Representatives, is... Read More

The post Carson Hounded by Open Borders Liberals for Putting Americans First appeared first on The Daily Signal.

Published:5/22/2019 5:39:54 PM
[Markets] US Market Indexes Close Lower Wednesday S&P 500 down 0.28% with political concerns Published:5/22/2019 5:39:54 PM
[Hack] Spotify resets some account passwords citing ‘suspicious activity’ Music streaming giant Spotify has notified an unspecified number of users that the company has reset their account password, but has left dozens of users asking why. In an email, some Spotify users were told their password was reset “due to detected suspicious activity,” but gave no further details. Anyone else getting emails from Spotify […] Published:5/22/2019 5:39:54 PM
[bccc6276-7f2d-5915-94d6-47118a6982ac] Danny DeVito as Wolverine? 16,000 fans petition for comedian to star in rumored 'X-Men' reboot Fans are clawing to have Danny DeVito in the Marvel Cinematic Universe (MCU). Published:5/22/2019 5:39:54 PM
[Entertainment] Philadelphia D.A. says Meek Mill should get a new trial because judge has been biased Philadelphia's district attorney says the former judge who sentenced Meek Mill abused her discretion and has been biased against the rapper.
     
 
 
Published:5/22/2019 5:39:54 PM
[Markets] The Unseen Costs of "Medicare For All"

Authored by Bradley Thomas via The Mises Institute,

Most of the attention on Bernie Sanders’ proposed “Medicare for All” plan has focused on the financial costs of its implementation.

This is understandable, given that some estimates project costs toexceed $32 trillion over its first ten years, and that Medicare is already suffering massive losses – more than $130 billion since 2008 – along with facing unfunded liabilities in excess of $30 trillion.

But what about the non-financial costs like doctor shortages, foregone treatment due to lack of access to care and tens of thousands of deaths due to overly aggressive care?

Will Supply Meet Demand?

Basic economics, and common sense, tells us that when the marginal cost to the consumer for a good or service at the point of sale is reduced to zero, demand will increase significantly.

Under Sanders’ Medicare for All plan, there will be no payment made by patients when they receive treatment. Medical care consumers will no doubt make more frequent visits to doctors, specialists and emergencies rooms – often times for unnecessary treatments – because, after all, it won’t cost them anything.

Moreover, because people will be taxed to help finance the plan and pay the same amount of tax regardless of their usage, people will feel obligated to “get their money’s worth” and flood doctors’ offices with more frequent check-ups and testing.

The question then becomes: will there be sufficient supply to meet this spike in demand?

Most indicators say no.

According to the American Association of Medical Colleges, the U.S. can expect a doctor shortage of up to 120,000 physicians by 2030, thanks in no small part to our nation’s rapidly growing senior citizen population – and this is without factoring in accelerated demand by Medicare for All.

Doctors are already struggling to keep up with current demand. According to this 2018 survey by the Physicians Foundation, a stunning 80 percent of physicians claim to be “at capacity or overextended.”

The future doesn’t look bright, either. A 2016 Physicians Foundation survey found 48 percent of physicians planning to cut back hours, retire, or take other steps toward limiting patient access to their practices.

Burnt out and semi-retired doctors is not a reliable pool of providers upon which to throw a sizeable spike in demand for services that Medicare for All would usher in.

Pay Cuts Would Make the Shortages Worse

Medicare reimbursement rates fall well below the costs of providing care. In 2017, payment shortfalls to hospitals for Medicare services totaled a whopping $54 billion.

In treating Medicare patients, hospitals only receive about 87 cents in reimbursement for every dollar they spend in care.

If all patients become Medicare patients, how will medical providers stay in business?

Indeed, Medicare reimbursements have been estimated to be 40 percent lower than private insurance payments.

If you think the doctor shortage is bad now, what will happen when doctors are forced to take a 40 percent pay cut on all their former private insurance patients?

Lack of Access Will Bring Unhealthy Results

With greater demand straining a system with dwindling supply, a new cost to patients will emerge: time.

Wait times will inevitably increase substantially, bringing with it a human toll in the form of prolonged suffering of symptoms as well as the mental anguish over the uncertainty that comes with a lack of regular access to care.

And an inability to schedule check ups and other preventative services on a regular basis will cause patients to delay seeking care and treatment, resulting in greater suffering and preventable deaths.

Moreover, like underage college kids who binge drink on the unpredictable occasions they are able to score beer, when patients finally do see a doctor they will be more likely to seek overly aggressive care and excessive testing and treatment. After all, there’s no telling when they’ll get another appointment, and it’s free.

Excessive testing and treatment is already a significant problem in our current system which features a majority of medical services being paid for by a third party. According to this Health Care Finance News article, “Some experts estimate that at least $200 billion is wasted annually on excessive testing and treatment.” Compare this to the roughly $30 billion in charity care for the uninsured we hear so much about as supposedly being a major driver of rising healthcare costs.

Even more significant is the harm caused by overly aggressive and excessive treatment, which generated “mistakes and injuries believed to cause 30,000 deaths each year.”

Imagine the added financial and human toll of excessive care if we transitioned to a Medicare for All system.

Black Markets Will Cause Unequal Treatment

One of the purported benefits of a Medicare for All plan is that it would make access to quality care more equitable. When everyone is covered, the poor will have the same level of care as the rich, goes the argument.

But doctor shortages and long lines under Medicare for All will make access to care exceedingly rare, and in high demand. Such conditions would create a black market in which the rich would pay under the table for quicker service and to avoid the Medicare line.

The rich would have timely access to quality care, while the poor would be left to compete against each other for what little facetime they can get with a doctor. The goal of equity will be unfulfilled.

Myth of Administrative Cost Savings

Advocates of Medicare for All claim that big administrative savings will allow more generous payments to doctors, and thus help avoid shortages. No worries about long wait times and a lack of access to care, they assure us.

But such hopes are fool’s gold.

Most of the projected administrative cost savings are based on faulty interpretations of data. Medicare for All supporters point to data showing that Medicare administrative costs are lower than those of private insurance companies – as a percentage of total costs per beneficiary.

But Medicare patients tend to be older and sicker, and Medicare spends nearly two and a half times more per beneficiary compared to private insurance plans. Calculating administrative costs as a percentage of costs of care paints a highly misleading picture.

Indeed, according to this Heritage Foundation analysis, administrative costs per person are about 12 percent higher in Medicare compared to private insurance.

Switching millions of people from private insurance onto Medicare will drastically increase administrative costs, making it even less likely for Medicare to adequately reimburse doctors and hospitals.

Moreover, when scarce resources are allocated by government bureaucracy rather than the market price mechanism, rationing by administration tends to take over.

As shown in the chart below, thanks primarily to the federal government’s increasing intervention into the healthcare market, the number of healthcare administrators has exploded by more than 3,000 percent since 1970, compared to a growth of physicians of less than 200 percent.

Conclusion

The well-reported price tag for Bernie Sanders’ Medicare for All plan is eye-popping. But of greater concern is the unseen price that will be paid in the form of human suffering and even death as a result of doctor shortages, lack of access to care, and overly aggressive “binge” treatment and testing.

Questions about how to pay for this single-payer plan can be easily answered in the minds of many with the old mantra “tax the rich.”

But how to answer for the human toll of Medicare for All is a far more difficult chore for advocates. Opponents would be wise to make these unseen costs far more visible.

Published:5/22/2019 5:39:54 PM
[Politics] Former Staffers Bash ‘Narcissistic, Egotistical Sociopath’ Josh Gottheimer (D)

New Jersey Rep. Josh Gottheimer (D., N.J.) doesn't want his staff sleeping when he sends them emails, even if it's the middle of the night.

The post Former Staffers Bash ‘Narcissistic, Egotistical Sociopath’ Josh Gottheimer (D) appeared first on Washington Free Beacon.

Published:5/22/2019 5:39:53 PM
[worldNews] Pentagon mulling U.S. military request to send 5,000 troops to Middle East: officials The U.S. Department of Defense is considering a U.S. military request to send about 5,000 additional troops to the Middle East amid increasing tensions with Iran, two U.S. officials told Reuters on Wednesday.
Published:5/22/2019 5:39:53 PM
[Politics] Booker Pledges to Create White House Office of Reproductive Freedom

Democratic presidential candidate Sen. Cory Booker (D., N.J.) is pledging to create a "White House Office of Reproductive Freedom" if elected in 2020.

The post Booker Pledges to Create White House Office of Reproductive Freedom appeared first on Washington Free Beacon.

Published:5/22/2019 5:10:51 PM
[Markets] The Dow Fell 101 Points Because Apple Could Be Drawn Into the Trade War The Dow Jones Industrial Average tumbled 0.39% to close at 25,776.61. The S&P 500 slipped 0.28% to end at 2856.27, and the Nasdaq Composite fell 0.45% to close at 7750.84. Published:5/22/2019 5:10:51 PM
[Entertainment] Daniel Craig will have surgery on ankle he injured filming latest Bond movie James Bond is out of commission. Daniel Craig is undergoing ankle surgery after sustaining an injury while filming the 25th installment in Jamaica.
     
 
 
Published:5/22/2019 5:10:51 PM
[worldNews] Exclusive: Guaido says Washington should help Venezuela keep U.S. refiner Citgo The United States should help Venezuela keep control over U.S. refiner Citgo by preventing its seizure by creditors seeking to collect on unpaid Venezuelan debts, opposition leader Juan Guaido said in an interview with Reuters on Wednesday.
Published:5/22/2019 5:10:51 PM
[Markets] The Wall Street Journal: U.S. may expand list of blacklisted Chinese companies The U.S. is considering expanding the list of Chinese companies on a blacklist for U.S. suppliers amid escalating tensions between the two economic powers, according to a person familiar with the matter.
Published:5/22/2019 5:10:51 PM
[Entertainment] PLL: The Perfectionists Is Putting Alison On a New Journey For Now, But Emison Might Not Be Over Pretty Little Liars: The Perfectionists, Janel Parrish, Sasha PieterseThe murder mystery isn't the only thing about Pretty Little Liars: The Perfectionists that fans have been obsessing over. From the moment the spinoff was announced, starring only...
Published:5/22/2019 5:10:51 PM
[US News] Democratic congresswoman suggests children’s deaths in Border Patrol custody ‘intentional’

We can't imagine how many children's lives the U.S. Border Patrol saves after their parents (or traffickers) sneak them across the border.

The post Democratic congresswoman suggests children’s deaths in Border Patrol custody ‘intentional’ appeared first on twitchy.com.

Published:5/22/2019 5:10:51 PM
[structure:news] Navy all at sea over commodore 'reassigned' for using company car  Published:5/22/2019 5:10:51 PM
[Donald Trump] Trump Blasted Pelosi In Fiery Presser (Video)

The following article, Trump Blasted Pelosi In Fiery Presser (Video), was first published on Godfather Politics.

President Donald Trump blasted Democrats in surprise presser demanding they stop investigations or else. “Nancy Pelosi, just before our meeting, made a statement that we believe that the president of the United States is engaged in a cover-up. I just wanted to let you know that I walked into the room and told Sen. Schumer, ...

Continue reading: Trump Blasted Pelosi In Fiery Presser (Video) ...

Published:5/22/2019 5:10:50 PM
[The Blog] Dem governor: I’ll probably sign the fetal-heartbeat abortion ban

Extremes.

The post Dem governor: I’ll probably sign the fetal-heartbeat abortion ban appeared first on Hot Air.

Published:5/22/2019 5:10:50 PM
[Energy] In Reversal, Apple Allows App Countering Climate Alarmism

Apple’s on-again, off-again relationship with an online smartphone application that challenges global warming alarmism is back on. The app, Inconvenient Facts, is available again in... Read More

The post In Reversal, Apple Allows App Countering Climate Alarmism appeared first on The Daily Signal.

Published:5/22/2019 5:10:50 PM
[Markets] You Might Be A White Supremacist If...

Here, courtesy of the New York City Department of Education, are 14 things to watch out for if you suspect you (or a friend) are a white supremacist...

 

  1. PERFECTIONISM — Giving undue focus to the shortcomings in someone or their work, or viewing them as personal flaws. "Making a mistake is confused with being a mistake, doing wrong with being wrong," according to a description of the book on the Web site for the "Challenging White Supremacy Workshop."

  2. SENSE OF URGENCY — Prioritizing short-term results without considering long-term implications. "For example, sacrificing interests of communities of color in order to win victories for white people," the write-up says.

  3. DEFENSIVENESS — When people, often in power, are dismissive of new ideas solely for fear that they might shake things up. "The defensiveness of people in power creates an oppressive culture," the description says.DEFENSIVENESS — When people, often in power, are dismissive of new ideas solely for fear that they might shake things up. "The defensiveness of people in power creates an oppressive culture," the description says.

  4. QUANTITY OVER QUALITY — Being results-oriented and diminishing an otherwise-sound process if it doesn't produce measurable results. It also goes hand-in-hand with "discomfort with emotion and feelings."

  5. WORSHIP OF THE WRITTEN WORD — This idea prioritizes documentation and writing skills, rather than the "ability to relate to others." It also leads to teaching that there is "only one right way" to do something.

  6. PATERNALISM — When those already in power think they're the only ones who can or should make decisions. "Those with power often don't think it is important or necessary to understand the viewpoint or experience of those for whom they are making decisions," the write-up explains.

  7. EITHER/OR THINKING — Seeing things in terms of good or bad, right or wrong, or black or white. This "results in trying to simplify complex things, for example believing that poverty is simply a result of lack of education."

  8. POWER HOARDING — Similar to defensiveness, those in power seek to preserve it, and see it as something that can't be shared. They may also feel threatened when someone suggests change, and "assume they have the best interests of the organization at heart."

  9. FEAR OF OPEN CONFLICT — This comes through when someone overemphasizes politeness, and equates broaching touchy topics with being rude. "The response is to blame the person for raising the issue rather than to look at the issue which is actually causing the problem," the description says.

  10. INDIVIDUALISM — This idea is found among people who have "little experience or comfort working as part of a team." It can lead to isolation, and emphasize competition over cooperation.

  11. PROGRESS IS BIGGER, MORE — Focusing only on the bottom line and tangible growth. "Progress is an organization which expands ... or develops the ability to serve more people," those with this mindset think.

  12. OBJECTIVITY — This can lead to the belief that there is an ultimate truth and that alternative viewpoints or emotions are bad. It's even inherent in "the belief that there is such a thing as being objective."

  13. RIGHT TO COMFORT - Those in power may believe that they "have a right to emotional and psychological comfort," while denying the same to those not in power. This also covers cries of reverse racism because that's "equating individual acts of unfairness against white people with systemic racism which daily targets people of color." 

So, if you're a "perfectionist" with a "sense of urgency" who "fears open conflict"? Then you could be a white supremacist!

*  *  *

h/t @DonDraperClone

Published:5/22/2019 5:10:50 PM
[] Former CNN and MSNBC Permanent Guest Michael Avenatti Faces New Indictment For Impersonating Client and Stealing $300,000 in Advances For Her Book The indictment doesn't name the victim. But people are speculating her name rhymes with Stormy Daniels. While the newest federal indictment against Michael Avenatti doesn't mention the name of his alleged victim, it looks like he was charged for illegally... Published:5/22/2019 5:10:50 PM
[Europe] Documentary series Foundation is back with a season 2 Paris startup campus Station F and Le Studio Next have teamed up once again for a second season of Foundation, a documentary series about building a startup. If you liked the first season, you’ll feel right at home. A video team followed the entrepreneurs working for three startups through their work issues, their personal life […] Published:5/22/2019 4:40:34 PM
[Politics] Ohio Senate Should Clean Up Costly Policies in House Budget Published:5/22/2019 4:40:34 PM
[Markets] How major US stock indexes fared Wednesday Stocks ended lower on Wall Street Wednesday, weighed down by mixed corporate earnings from big retailers and uncertainty over the trade dispute between the U.S. and China. Lowe's and Nordstrom slumped ... Published:5/22/2019 4:40:34 PM
[Markets] Coming to a VR device near you: interacting with your favorite superheroes Facebook’s Oculus could be what comic books need to crack virtual reality, writes Michael Brush.
Published:5/22/2019 4:40:34 PM
[Law] Senate Picks Up the Pace in Confirming New Judges

Senate Republicans used the so-called nuclear option April 3 to eliminate one of the Democrats’ tactics for slowing down the process for considering President Donald... Read More

The post Senate Picks Up the Pace in Confirming New Judges appeared first on The Daily Signal.

Published:5/22/2019 4:40:34 PM
[worldNews] Irate Brazil lawmakers threaten Bolsonaro's cabinet, agenda Brazilian President Jair Bolsonaro faces a crucial test on Wednesday of his ability to govern without courting traditional parties in Congress, which is threatening to derail his agenda and scramble his cabinet after months of mutual antagonism.
Published:5/22/2019 4:40:34 PM
[Media] ‘He’s out there saving the country’: Here are Joy Behar and Ana Navarro gushing over Michael Avenatti

Ana Navarro was right about one thing; Michael Avenatti was seen everywhere you looked for a while there.

The post ‘He’s out there saving the country’: Here are Joy Behar and Ana Navarro gushing over Michael Avenatti appeared first on twitchy.com.

Published:5/22/2019 4:40:34 PM
[Markets] No Wonder Obama Intel Chiefs Panicking - Trump To Declassify "Bucket 5" Russiagate Docs

As Congressional Democrats insist on conducting post-Mueller probes into President Trump and those around him, much of the recent infighting and backpedaling we've seen from former Obama intel chiefs is starting to make sense

Appearing with Fox News's Sean Hannity Tuesday night, The Hill's John Solomon revealed that according to his sources (and Hannity's as well), President Trump will begin declassifying 'Russiagate' documents in the next 6-7 days

Among those will be the so-called "Bucket Five" - documents which were originally presented to the Gang of Eight in 2016, which included everything the FBI and DOJ used against Trump campaign aide Carter Page - including the FISA surveillance application and its underlying exculpatory intelligence documents which the FISA court may have never seen. 

And as 'Sundance' of the Conservative Treehouse notes, the release would presumably include the transcripts from FBI wiretaps of George Papadopoulos, who was listed in the Carter Page FISA. Also noted by CT is that declassification would be on target to occur between Trump's upcoming state visit to Japan (5/25 - 5/28) and his state visit with the UK (6/3 - 6/5). 

Via the Conservative Treehouse

No-one really knows the extent of the current documents and/or information that may be subject to a Trump declassification request.  However, this is the original list as outlined in September 2018, and the agencies who would be involved in the declassification process:

  1. All versions of the Carter Page FISA applications (DOJ) (DoS) (FBI) (ODNI).
  2. All of the Bruce Ohr 302’s filled out by the FBI. (FBI) (ODNI)
  3. All of Bruce Ohr’s emails (FBI) (DOJ) (CIA) (ODNI), and supportive documents and material provided by Bruce Ohr to the FBI. (FBI)
  4. All relevant documents pertaining to the supportive material within the FISA application. (FBI) (DOJ-NSD ) (DoS) (CIA) (DNI) (NSA) (ODNI);
  5. All intelligence documents that were presented to the Gang of Eight in 2016 that pertain to the FISA application used against U.S. person Carter Page; including all exculpatory intelligence documents that may not have been presented to the FISA Court. (CIA) (FBI) (DOJ) (ODNI) (DoS) (NSA)
  6. All unredacted text messages and email content between Lisa Page and Peter Strzok on all devices. (FBI) (DOJ) (DOJ-NSD) (ODNI)
  7. The originating CIA “EC” or two-page electronic communication from former CIA Director John Brennan to FBI Director James Comey that started Operation Crossfire Hurricane in July 2016. (CIA) (FBI) (ODNI)

? President Trump can prove the July 31st, 2016, Crossfire Hurricane counterintelligence operation originated from a scheme within the intelligence apparatus by exposing the preceding CIA operation that created the originating “Electronic Communication” memo. Declassify that two-page “EC” document that Brennan gave to Comey.  [The trail is found within the Weissmann report and the use of Alexander Downer – SEE HERE]

? Release and declassify all of the Comey memos that document the investigative steps taken by the FBI as an outcome of the operation coordinated by CIA Director John Brennan in early 2016.  [The trail was memorialized by James Comey – SEE HERE]

? Reveal the November 2015 through April 2016 FISA-702 search query abuse by declassifying the April 2017 court opinion written by FISC Presiding Judge Rosemary Collyer. Show the FBI contractors behind the 85% fraudulent search queries. [Crowdstrike? Fusion-GPS? Nellie Ohr? Daniel Richman?]  This was a weaponized surveillance and domestic political spying operation. [The trail was laid down in specific detail by Judge Collyer – SEE HERE]

? Subpoena former DOJ-NSD (National Security Division) head John Carlin, or haul him in front of a grand jury, and get his testimony about why he hid the abuse from the FISA court in October 2016; why the DOJ-NSD rushed the Carter Page application to beat NSA Director Admiral Mike Rogers to the FISA court; and why Carlin quit immediately thereafter.

? Prove the Carter Page FISA application (October 2016) was fraudulent and based on deceptions to the FISA Court. Declassify the entire document, and release the transcripts of those who signed the application(s); and/or depose those who have not yet testified. The creation of the Steele Dossier was the cover-up operation. [SEE HERE]

? Release all of the Lisa Page and Peter Strzok text messages without redactions. Let sunlight pour in on the actual conversation(s) that were taking place when Crossfire Hurricane (July ’16) and the FISA Application (Oct ’16) were taking place.  The current redactions were made by the people who weaponized the intelligence system for political surveillance and spy operation.  This is why Page and Strzok texts are redacted!

? Release all of Bruce Ohr 302’s, FBI notes from interviews and debriefing sessions, and other relevant documents associated with the interviews of Bruce Ohr and his internal communications. Including exculpatory evidence that Bruce Ohr may have shared with FBI Agent Joseph Pientka. [And get a deposition from this Pientka fella] Bruce Ohr is the courier, carrying information from those outside to those on the inside.

? Release the August 2nd, 2017, two-page scope memo provided by DAG Rod Rosenstein to special counsel Robert Mueller to advance the fraudulent Trump investigation, and initiate the more purposeful obstruction of justice investigation. Also Release the October 20th, 2017, second scope memo recently discovered.  The Scope Memos are keys to unlocking the underlying spy/surveillance cover-up. [SEE HERE and SEE HERE]

Published:5/22/2019 4:40:34 PM
[In The News] Republican AG’s Memo Keeps Conservative Fears Of A Sprint-T-Mobile Merger Alive

By Chris White -

Texas Attorney General Ken Paxton apparently believes a potential merger between Sprint and T-Mobile could leave his state’s citizens without access to fifth generation mobile service, according to a memo obtained by The Daily Caller News Foundation. A potential merger between the two giant wireless companies risks creating an even ...

Republican AG’s Memo Keeps Conservative Fears Of A Sprint-T-Mobile Merger Alive is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:5/22/2019 4:40:34 PM
[The Blog] Rep. Jackie Speier shouts her abortion as Sen. Hirono exploits eighth graders

#StoptheBans

The post Rep. Jackie Speier shouts her abortion as Sen. Hirono exploits eighth graders appeared first on Hot Air.

Published:5/22/2019 4:40:34 PM
[41252e2d-1d64-5a6f-a9fb-eab38e36e51f] Latest Avenatti charges reignite criticism of media that once lauded him Michael Avenatti's once-cozy relationship with prominent members of the media has been called out again in the wake of the disgraced lawyer's latest controversy. Published:5/22/2019 4:40:34 PM
[Business Brief] Jamie Oliver Has Come A Cropper With His Restaurant Chain When a large restaurant chain starts losing money, and eventually goes into administration, there would usually have been some signs along the way for the owners that would have helped them take action to protect the business and its hardworking staf... Published:5/22/2019 4:09:42 PM
[storytype:standard] Undercover footage shows autistic patients 'tortured' in repeat of Winterbourne View scandal Published:5/22/2019 4:09:42 PM
[Society] The Real Inclusive Approach to Immigrants

Is President Donald Trump’s call for patriotic assimilation, which is a part of his immigration package, a step toward totalitarianism and fascism? These are the... Read More

The post The Real Inclusive Approach to Immigrants appeared first on The Daily Signal.

Published:5/22/2019 4:09:42 PM
[2db93259-430c-5903-a528-6f467be9e152] Jeff Daniels moved his family to Michigan to escape the Hollywood lifestyle Jeff Daniels decided to move his family from New York City to Michigan three decades ago and he hasn't looked back. Published:5/22/2019 4:09:41 PM
[Entertainment] Wendy Williams' Son Arrested for Allegedly Assaulting Her Ex Kevin Hunter Wendy William, Kevin Hunter, Kevin Hunter Jr. There seems to be trouble in the Hunter family. While Wendy Williams and her longtime husband Kevin Hunter are in the midst of a divorce, a fight allegedly broke out between him and...
Published:5/22/2019 4:09:41 PM
[US News] ‘Harsh but fair’: Little rocket man Kim Jong Un’s state news agency labels Joe Biden ‘a low IQ idiot’

North Korea doesn't have high hopes for Joe Biden's candidacy after he "dared to blaspheme" Kim Jong Un.

The post ‘Harsh but fair’: Little rocket man Kim Jong Un’s state news agency labels Joe Biden ‘a low IQ idiot’ appeared first on twitchy.com.

Published:5/22/2019 4:09:41 PM
[Automotive] Consumer Reports knocks Tesla’s Navigate on Autopilot, calls new feature ‘far less competent’ than a human driver Consumer Reports is calling the automatic lane-change feature on Tesla’s Navigate on Autopilot “far less competent” than a human driver and cautioned it could pose safety risks. The consumer advocacy organization posted its review Wednesday on the newest version of Tesla’s advanced driver assistance system. Navigate on Autopilot is an active guidance system that is […] Published:5/22/2019 4:09:41 PM
[worldNews] Saudi Arabia intercepts Houthi drone in border province Saudi Arabia's air defense forces in the southern border province of Najran intercepted a drone fired by Yemen's Iran-aligned Houthis, the kingdom's Washington embassy said in a statement on Wednesday.
Published:5/22/2019 4:09:41 PM
[ceda9eba-5d44-5498-91e9-bfd7e4dd0487] Daniel Craig to undergo ankle surgery after 'Bond' on-set injury Daniel Craig will need surgery following his recent ankle injury on the set of the upcoming James Bond film. Published:5/22/2019 4:09:41 PM
[Markets] NewsWatch: The new math of saving for retirement may boil down to this one, absurdly simple rule Why you should be saving at least 10% of your salary.
Published:5/22/2019 4:09:41 PM
[Uncategorized] Indictment: Michael Avenatti screwed Stormy Daniels (financially) "As alleged, AVENATTI used misrepresentations and a fraudulent document purporting to bear his client’s name and signature to convince his client’s literary agent to divert money owed to AVENATTI’s client to an account controlled by AVENATTI.  AVENATTI then spent the money principally for his own personal and business purposes." Published:5/22/2019 4:09:41 PM
[Crime] Loretta Lynch Says James Comey Lied About The ‘Matter’

The following article, Loretta Lynch Says James Comey Lied About The ‘Matter’, was first published on Godfather Politics.

Former AG Lorretta Lynch told congress that James Comey's congressionall testimony that she demanded he use word "matter" instead of investkgaton was a lie

Continue reading: Loretta Lynch Says James Comey Lied About The ‘Matter’ ...

Published:5/22/2019 4:09:41 PM
[The Blog] Democratic congresswoman accuses DHS Secretary of intentionally killing kids crossing the border

"You cannot impugn the character of the witness by stating that he intentionally murders children."

The post Democratic congresswoman accuses DHS Secretary of intentionally killing kids crossing the border appeared first on Hot Air.

Published:5/22/2019 4:09:41 PM
[Markets] What Happened in the Stock Market Today A district court ruled that Qualcomm has been engaging in anticompetitive practices. Meanwhile, Target soared on strong sales gains. Published:5/22/2019 4:09:41 PM
[Markets] Henrich: This 'Ghost Chart' May Come Top Haunt Us All

Authored by Sven Henrich via NorthmanTrader.com,

Are markets engaged in a major topping process? Last week I’ve raised the question of potential topping patterns being in the process of being formed if $SPX can’t recapture 2900 and move on to make new highs (Sins of the Past).

Let’s dig into this question a bit more deeply. Let me be the first to tell you to evaluate what I’m about to show you with caution and a healthy dose of skepticism, but in context of record debt levels, record BBB and junk debt levels, trapped central bankers, slowing growth and an escalating trade war between the 2 largest economies on the planet with asset prices artificially inflated by record buybacks and political jawboning we’re staring at least at a similar backdrop as we did in 2007/2008, except now debt is even higher.

Oh, and credit card interest rates are at all time highs.

But don’t worry says Jay Powell, engaged in the required game of projecting confidence like his predecessors:

‘We got this’ appears to be the message. After all Bullard and Evans are already talking QE and/or rate cuts/zero rates. It’s all theoretical of course. Wink wink.

Come on. We’re at the end of a bloated debt cycle propagated by easy money and it’s simply not producing growth anymore. Trade wars, blade wars, whatever, fact is growth peaked last year and it was all artificial because of the also artificial tax cuts.

Let’s just keep things real here. The data shows ZERO uptick in organic growth anywhere.

And the bond market has been screaming warnings since last year when it tagged its multi-year trend line. Long time readers are familiar with this macro chart:

You can either believe unemployment remains at 50 year lows or you may not. 99.99% of history shows it won’t stay there.

Fact is often times the 10 year peaks before unemployment hits a cycle low. That’s what we saw in the last 2 cycles. And we just saw it again. And yes, they’ve done a good job ramping these markets back up following the December lows. But new highs are always a dangerous thing if they come on weakening participation. As I said last week: All things being equal 2019 stinks.

Given the broader backdrop it may be worthwhile to look at the bigger chart picture again to see if there is evidence that markets may be engaged in a major topping process. It’s always easy to get lost in the day to day noise and it’s always useful to go back and check for clues.

Don’t forget topping patterns are a protracted mess. Here’s 2000 for reference:

Look at that chop and these constant rallies even after the peak in March 2000. If you were in the thick of that action you had no inkling this was going to come:

But each vertical rally would’ve likely shaken everybody trying to short out or gotten people bullish again. Buy the dip dies hard. Yet selling these rallies would’ve been exactly the right thing to do.

And now we are here:

Massive moves up and down and up. Currently right below the January 2018 highs, after just a 5% correction. If this all seems familiar it should. Indeed the ghosts of the past may come back to haunt these markets in a big way, because this is a structure we’ve witnessed before.

Comparing the current structure of $SPX to the time period of 2006/2007 I present to you the ultimate ghost chart:

Oh I know, we’ve all seen analogs before on twitter that never meant anything, 1987, 1929, and even previous 2007/2008 analogs, but frankly I’ve never see one aligning in structure as close as this one.

Massive rally leading to a 10% correction, another rally to new highs, an even larger scarier correction followed by a near vertical move to slight new highs (on weakening participation), and then a smaller correction followed by an even smaller bounce which is exactly what we’ve just seen.

Now if this structure is on the money we are here:

How will we know when this analog becomes invalid?

Simply put, new highs. Then the analog may be dust and off the table. Get a China deal and we may make new highs in an instant. Given how sour sentiment is at the moment in regards to a deal it would likely spark a major relief rally.

But without a China deal it’s hard to see new highs with a protracted trade war putting the already fragile business cycle at further risk.

How will we know if this analog continues to apply? If we start dropping soon and proceed to drop below 2800 on $SPX. If the script follows we should see then another rally that then fails and ultimately proceeds take out the lows of December.

Seems unfathomable at this point, but then nobody, except the big short guys, was expecting a massive bear market coming at the “we are here” moment in 2007.

Yet currently Wall Street is predicting solid higher prices for the rest of the year.

To which I say – never forget:

For reference: $SPX closed near 800 in 2008.

I’m just saying: Neither the Fed or Wall Street will tell you to sell. Ever.

We are on our own.

As I said at the outset of this post: View analogs with a healthy dose of caution. Analogs work until they don’t, but there’s little denying that the principle structure we’re seeing in markets, coupled with the economic macro backdrop of slowing growth, extreme debt levels and a Fed in risk denial mode are putting us at structural/technical risk of a major topping process. And, without new highs, the ghost chart may come to haunt us all.

*  *  *

For the latest public analysis please visit NorthmanTrader. To subscribe to our market products please visit Services.

Published:5/22/2019 4:09:41 PM
[] CBS News Readers Laugh At Milkshakes Being Thrown at Conservatives: "I'm Sure It Feels Great" You know what else might feel great? Throwing milkshakes at CBS personnel, both when they're doing live-shots and when they're just walking down the street on their own private time. The rules you make for me, you also make for... Published:5/22/2019 4:09:41 PM
[CTL] CenturyLink: Big Investors Are Fleeing Published:5/22/2019 3:40:21 PM
[11b1f545-ecb9-5c95-b56a-72d2d51c5cb3] Leslie Marshall: Alabama law banning abortions won’t stop abortions and is wrong – Here’s why I have many problems with Alabama’s new law against abortions, some which have nothing to do with abortion. I am concerned about the hypocrisy and the precedent this sets for the future. Published:5/22/2019 3:40:21 PM
[Trump Administration] Trump Administration Withholding Wildfire Assistance To California After Audit Suggests Financial Mismanagement

By Andrew Kerr -

The Trump administration is withholding more than $9 million in wildfire assistance to California after a financial audit suggested that the state was overbilling the U.S. Forest Service for costs incurred fighting fires on federal lands. The Forest Service now wants California to provide line-item tabulations of personnel expenditures after ...

Trump Administration Withholding Wildfire Assistance To California After Audit Suggests Financial Mismanagement is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:5/22/2019 3:40:21 PM
[Politics] FACEPALM: Ralph Northam thinks the investigation into his racist photo vindicates him… The Governor of Virginia must believe this investigation into the racist photo in his yearbook vindicates him because he’s now responded to the investigation asserting that he is not in the photo: . . . Published:5/22/2019 3:40:21 PM
[Politics] FACEPALM: Ralph Northam thinks the investigation into his racist photo vindicates him… The Governor of Virginia must believe this investigation into the racist photo in his yearbook vindicates him because he’s now responded to the investigation asserting that he is not in the photo: . . . Published:5/22/2019 3:40:21 PM
[worldNews] Iran youth will witness demise of Israel, 'American civilization': Khamenei Iran's youth will witness the demise of Israel and the demise of Israel and American civilization, Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday in comments published on his official website.
Published:5/22/2019 3:40:21 PM
[Markets] Technology Is Not Just Disruptive, It's Disastrously Deflationary

Authored by Charles Hugh Smith via OfTwoMinds blog,

Deflation eats credit-dependent, mass-consumption economies alive from the inside.

While AI (artificial intelligence) garners the headlines, the next wave of disruptive technologies extend far beyond AI: as the chart of technologies rapidly being adopted shows, this wave includes new materials and processes as well as the "usual suspects" of machine learning, natural language processing, data mining and so on.

While many voices seek to assure us these technologies won't displace human workers, the reality is cutting labor inputs is the core driver. What few pundits seem to understand (perhaps because they've never experienced a truly competitive market?) is that the rush to incorporate these technologies into existing enterprises is deflationary not just to prices but to profits.

Reducing labor inputs and improving productivity of capital and the remaining labor force is not going to generate profits if competitors can access the same tools and processes. The race isn't to maximize profits, it's to survive the inevitable deflationary spiral in prices as competitors are forced to pass along cost savings to customers to retain market share.

Pundits glorying in tech profits only consider monopolies or quasi-monopolies like Apple, Facebook and Google or monopolies / cartels enforced by government regulations and policies. Markets open to competition do not enable pricing power beyond a temporary advantage for one or two product cycles. (Please see Two Intertwined Dynamics Are Transforming the Economy: Technology and Financialization)

As the race to improve technologies speeds up, "good enough" open source software and cheap previous-generation hardware is good enough for most applications. (We can surmise that the Pareto Distribution is active: technology that is 20% of the cost of the newest product can do 80% of what the new product can do, and tech that costs a mere 4% of the latest tech can do 64% of what the latest product can do.)

Everyone counting on trillions in tech profits is overlooking the inconvenient reality of the S-Curve for cheap credit, cheap energy and cheap labor--the three drivers of global expansion. Once credit dries up or becomes more expensive, once cheap energy is only a memory (or future fantasy) and once employment sags under the pressure to reduce labor inputs, the ranks of those with the earnings or credit to buy, buy, buy will be thinned.

Stagnant wages can only be supplemented with borrowed money until the costs of servicing the debt (interest) eats the borrower's budget. At that point, lenders will have to face the unpalatable truth that any additional loan will end in default, a process that will also collapse the entire unsustainable mountain of debt the household is struggling to service.

As many others have pointed out, energy can be abundant but it only drives expansion if it's affordable to low-wage workers. If it's only affordable to the top 20%, every economy based on mass consumption implodes.

One of the factors in the U.S.-China trade dispute that few seem to notice is labor costs are spiraling higher in China, reducing its competitiveness at a critical juncture as global trade, demographics, energy costs and the risk of credit bubbles bursting all form a self-reinforcing confluence of negative dynamics.

China still needs the jobs while its customers (including but not limited to the U.S.) are seeking lower-cost alternatives to Made in China. Even Chinese companies are looking to establish lower-labor cost manufacturing hubs overseas.

Strip away the happy talk about technology creating jobs and we're left with real-world enterprises desperate to lower cost inputs in any way they can: and the go-to "solution" to reducing cost inputs is reducing labor inputs by reducing wages via global wage arbitrage (a.k.a. offshoring jobs) and/or replacing human labor with software and robotics.

Sure, there will be jobs for those installing and maintaining the software and robots, but remember: enterprises don't have profits, they only have costs, and the pressure to eliminate entire layers of managerial costs as well as production costs will only increase.

Who will be willing and able to pay a premium for any technology, product or service if cheaper alternatives are available? As debt service costs rise and wages continue to stagnate, the "solution" of borrowing more reaches an endgame of credit contraction and soaring defaults.

That leaves government-enforced monopolies as the only dependably profitable corporations, and the citizenry will soon tire of enriching tech oligarchs who bought political cover and regulatory moats. Deflation eats credit-dependent, mass-consumption economies alive from the inside.

Adapt or die boils down to strip out costs or die.

*  *  *

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($6.95 ebook, $12 print, $13.08 audiobook): Read the first section for free in PDF format. My new mystery The Adventures of the Consulting Philosopher: The Disappearance of Drake is a ridiculously affordable $1.29 (Kindle) or $8.95 (print); read the first chapters for free (PDF). My book Money and Work Unchained is now $6.95 for the Kindle ebook and $15 for the print edition. Read the first section for free in PDF format. If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com. New benefit for subscribers/patrons: a monthly Q&A where I respond to your questions/topics.

Published:5/22/2019 3:40:21 PM
[Markets] Stocks end lower as lingering trade woes overshadow Fed minutes U.S. stocks finish lower Wednesday as lingering trade woes overshadow the release of the minutes from the Federal Reserve’s policy meeting that was largely interpreted as accommodative. Published:5/22/2019 3:40:21 PM
[Augmented Reality] Modsy scores $37M to virtually redesign your home Modsy has raised some new cash as the computer vision startup looks to get physical and build more of the furniture it recommends. The startup announced that they have closed $37 million in Series C funding led by TCV. They’ve now raised north of $70 million to date. The service combines computer vision tech with […] Published:5/22/2019 3:40:21 PM
[The Blog] LA residents not so quick to welcome illegal immigrants brought by CBP

Funny how that works

The post LA residents not so quick to welcome illegal immigrants brought by CBP appeared first on Hot Air.

Published:5/22/2019 3:40:21 PM
[Markets] The Wall Street Journal: SEC accuses developer Robert Morgan of scamming investors The federal government accused one of the nation’s largest landlords with running a “Ponzi scheme-like” effort using cash from small investors and with misleading banks to obtain bigger loans by using fake loan documents.
Published:5/22/2019 3:40:20 PM
[Politics] Mikhael Smits Details Virginia Lawmaker’s Connections to Anti-Semitic Orgs.

The post Mikhael Smits Details Virginia Lawmaker’s Connections to Anti-Semitic Orgs. appeared first on Washington Free Beacon.

Published:5/22/2019 3:09:19 PM
[Politics] PRESIDENTIAL HARASSMENT: New York passes law so they can give Trump’s taxes to Democrats… Earlier we told you that the New York State Senate had passed a bill so they could give Trump’s tax returns to Congress. Well now that bill has passed the legislature and . . . Published:5/22/2019 3:09:19 PM
[structure:news] Britain's oldest court witness gives evidence, as it emerges murder suspects had obtained copy of her will to 'see how much she was worth' Published:5/22/2019 3:09:19 PM
[Apps] Vignette is a handy new app that keeps your iOS contact photos up to date If there’s a special place in your heart for single-purpose utilities that solve a nagging problem, then you’re going to want to skip your daily Starbucks coffee and instead buy yourself a copy of the new iOS contacts utility Vignette. The new app is focused on doing one thing well: finding photos for your contacts […] Published:5/22/2019 3:09:19 PM
[worldNews] Resisting calls to resign, Britain's May will campaign for EU elections British Prime Minister Theresa May resisted growing calls to resign on Wednesday, vowing to press on despite mounting opposition from lawmakers and even some of her own ministers to her latest Brexit gambit.
Published:5/22/2019 3:09:19 PM
[FOREIGN AFFAIRS] MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election

Britain’s establishment news media went into fake news overdrive just hours before the nation’s election purdah deadline. The Sun, the Guardian, the Independent, and more of the UK’s anti-Brexit press swung into action when a local paper — Kent Live — erroneously reported Nigel Farage had been trapped on his Brexit bus after a day’s […]

The post MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election appeared first on Human Events.

Published:5/22/2019 3:09:19 PM
[Media] Kimberley Strassel awards Nancy Pelosi with ‘Prize For Most Obtuse Political Statement of 2019 (so far)’

She earned this one!

The post Kimberley Strassel awards Nancy Pelosi with ‘Prize For Most Obtuse Political Statement of 2019 (so far)’ appeared first on twitchy.com.

Published:5/22/2019 3:09:19 PM
[Columnists] The Wind Is Shifting Behind the Pro-Life Cause

Since 1973, when Roe v. Wade ushered in what would eventually lead to abortion on demand, including partial-birth abortion and even the failure to protect... Read More

The post The Wind Is Shifting Behind the Pro-Life Cause appeared first on The Daily Signal.

Published:5/22/2019 3:09:19 PM
[Markets] Stocks & Bond Yields Tumble As Trade Turmoil Sparks Breakdown In Boom-Bust Barometer

Fed Minutes fail to fend off the selling pressure as the Trump administration cranks up the pressure on China...

 

Chinese stocks were lower overnight (but ChiNext remain green on the week?)..

 

European markets were mixed with Germany modestly higher against weakness in the periphery...

 

US markets tumbled on the day with Trannies tanking worst... Another weak close took The S&P red on the week and Dow very modestly higher...

 

Today was the 7th day in a row of the opening-ramp...

 

We noticed that the machines kept wanting to lift Nasdaq futures back to the scene of the crime last night when NYT headlines reported the HIKvision blacklist...but each one failed

 

"Most Shorted" stocks tumbled today (so get yourself ready for a squeeze tomorrow?)

 

Semis slumped back to Monday lows...

 

Tesla bonds and stocks tumbled further on the day (with default odds now near 50%)...


Treasury yields tumbled on the day, pushing 30Y (outperforming) back to unch on the week

 

10Y Yields dropped back below 2.40% again today...

 

The yield curve extended its flattening trend after FOMC Minutes...

 

The Dollar is pinging around like a penny stock this week, but bounced very modestly higher after the hawkish tone from the Minutes...

 

Cable just keeps falling as rumors of May's demise rise...

 

Cryptos were quiet again today with Bitcoin treading water just below $8k (after briefly breaking above it overnight)...

 

Copper and Crude were clubbed like baby seals (trade war and inventory build respectively) with PMs flat on the day...

 

WTI almost tested a $60 handle intraday...

 

Finally, as Bloomberg's Ye Xie notes, the so-called boom-bust barometer is flashing a warning sign to the stock market.

The indicator, which tracks the ratio between the CRB industrial material price index and weekly jobless claims, peaked in mid-April and has since sunk like a stone. A similar decline a year ago foreshadowed the market rout in late 2018.

The recent decline in the index, which was created by Ed Yardeni at Yardeni Research, is driven by lower commodity prices and higher jobless claims. While it's easy to dismiss the jump in jobless claims as noise, the drop in industrial material prices do reflect weaker global manufacturing as the trade war moves from simmer to boil.

And global money supply support is disappearing...

Published:5/22/2019 3:09:19 PM
[Google] Conservative Google Employee SLAMS Company for ‘Outrage Mobs’ and ‘Witch Hunts’

The following article, Conservative Google Employee SLAMS Company for ‘Outrage Mobs’ and ‘Witch Hunts’, was first published on Godfather Politics.

A conservative employee for Google totally slammed his employer for its abject, gross bias in an open letter describing the company's liberal culture.

Continue reading: Conservative Google Employee SLAMS Company for ‘Outrage Mobs’ and ‘Witch Hunts’ ...

Published:5/22/2019 3:09:19 PM
[Markets] Dow industrials end down 100 points as trade-war fears continue Dow industrials end down 100 points as trade-war fears continue Published:5/22/2019 3:09:19 PM
[Markets] US STOCKS SNAPSHOT-Wall St dips after renewed U.S.-China trade fears Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. The Dow Jones Industrial Average fell 100.85 points, or 0.39%, ... Published:5/22/2019 3:09:19 PM
[Crime] Avaricious Avenatti (Scott Johnson) At FOX News Tucker Carlson dubbed attorney Michael Avenatti Creepy Porn Lawyer. CNN and MSBNC couldn’t get enough of Avenatti trashing Trump. They treated him treated as a valued guest and highly credible critic of President Trump. Indeed, they all but invited to run for president. He fit right in to their nonstop Trump hatefest. The Free Beacon’s David Rutz thought to tote up the amount airtime CNN and MSNBC Published:5/22/2019 3:09:19 PM
[World] The Tell: Tesla’s demise could bring down the whole ‘house of cards,’ warns strategist “It’s all so embarrassing,” says Bill Blain, strategist at London-based Shard Capital, which oversees more than $1 billion in assets. “Peak Musk” has come and gone, he warned in his Morning Porridge note Wednesday. The negativity, sales concerns, ongoing capital burn... he sees it’s all coming to a head.
Published:5/22/2019 3:09:19 PM
[] Texas House Passes "Save Chick-Fil-A" Bill, Forbidding Any Government "Adverse Action" Against a Business Based on Religious Belief At Instapundit. This is a rebuke of San Antonio for presuming to ban Chick-Fil-A from their airport. Governor Abbot is being cagey and elusive about whether he'll sign the bill into law. So. What are the odds I?ll sign the... Published:5/22/2019 3:09:18 PM
[Politics] Michael Avenatti INDICTED over stealing book money from Stormy Daniels! The death spiral of Michael Avenatti continues with a new indictment by federal prosecutors over him stealing money from a book advance from his former client Stormy Daniels! BREAKING: Federal prosecutors announce . . . Published:5/22/2019 2:46:34 PM
[Politics] McCaul: Trump Administration Does Not Want War With Iran The Trump administration does not want to go to war with Iran, but to protect U.S. troops and interests, Rep. Michael McCaul said Wednesday, basing his comments on talks he's had with Secretary of State Mike Pompeo and National Security Adviser John Bolton. Published:5/22/2019 2:46:34 PM
[Politics] NAM Study Shows Dem Threat to Repeal Tax Cuts Will Devastate Manufacturers Published:5/22/2019 2:46:33 PM
[Entertainment] John Legend Promises The Voice Winner Maelyn Jarmon a Hang Session With His Family The VoiceJohn Legend accomplished something not many before him have done: a victory on The Voice during his first season. Maelyn Jarmon took home the top prize for Team John in the season 16...
Published:5/22/2019 2:46:33 PM
[Entertainment] Did the 'Game of Thrones' finale ruin the whole show? Fans are split Spoiler alert! "Game of Thrones" Reddit fans are split about whether the maligned finale episode ruined the show as a whole in our exclusive survey.
     
 
 
Published:5/22/2019 2:46:33 PM
[Media] ‘So pathetic’: Resistance Media fawning over Michael Avenatti has NOT aged well (roll tape!)

"Rarely is a video so deeply embarrassing for everyone who appears in it."

The post ‘So pathetic’: Resistance Media fawning over Michael Avenatti has NOT aged well (roll tape!) appeared first on twitchy.com.

Published:5/22/2019 2:46:33 PM
[worldNews] Somalia protests after its officials deported by Kenya Somalia has criticized neighboring Kenya for deporting two Somali lawmakers and a minister after authorities in Nairobi blocked them from entering the country.
Published:5/22/2019 2:46:33 PM
[art dispute] Ai Weiwei Has Sued Volkswagen for Using His Refugee Life Jacket Installation in an Ad "Why should refugees choose to associate with me if they believe that I would exploit their plight for commercial gain?" Weiwei wrote. Published:5/22/2019 2:46:33 PM
[Right Column] Opening Statement of GOP Ranking Member Tom McClintock at Species hearing: UN practicing ‘the antithesis of science’

Rep. Tom McClintock with Marc Morano & Patrick Moore at hearing

Rep. McClintock: "Do not despair.  As Ronald Bailey, science correspondent for Reason Magazine writes: “Many of the transformative changes advocated by the IPBES are already happening as a result of the economic growth the UN agency wants us to steer away from.  Due to increasing wealth, education and urbanization, world population will peak later this century around 8 to 9 billion.” He goes on to point out that growing prosperity and technology is resulting in increasingly more efficient resource use and growing income and gender equality."

Published:5/22/2019 2:46:33 PM
[The Blog] You can now legally compost dead family in Washington state

He would have wanted it this way

The post You can now legally compost dead family in Washington state appeared first on Hot Air.

Published:5/22/2019 2:46:33 PM
[Markets] "We Were Unrealistically Optimistic" - BofA Slashes Bond Yield Forecasts As "Misery" Approaches

Unlike most of its competitors, Bank of America is not shy to admit when it has made a major forecast mistake due to being, as it puts it, "overly optimistic", and that's precisely what the bank's rates strategist did earlier today when in a note titled appropriately "marking to misery", BofA's Ralf Preuser said that "our old forecasts imply an unrealistically optimistic backdrop for remainder of 2019, we cut our forecasts across the board." The reason for the revision: "Trade, central banks, inflation & Brexit have surprised", in other words pretty much everything that the bank had expected just a few months ago... was wrong.

Here is Preusser's explanation of how everything that could go wrong went wrong:

When the facts change, we change our opinion

We started the year with a bullish bias in our yield forecasts vs consensus and our economists. Following the latest tariff developments, our yield forecasts imply a best case scenario for a resolution of the US-China trade dispute, which seems unrealistic. We cut our forecasts across the board.

Trade wars, central banks and inflation have all surprised

It would be simplistic to blame these forecast revisions purely on the latest chapter in the trade war saga. Central banks globally have shifted to a dramatically more dovish tone. And inflation has continued to disappoint - surprisingly so in the US, and sufficiently in the Euro Area (EA) to finally appear on the ECB's radar screen. Finally, Brexit and related uncertainty remains unresolved.

And speaking of central banks throwing in the towel...

Central banks' reaction functions around the globe have changed materially. The Fed has abandoned both the hiking cycle and balance sheet run-off. The ECB has kicked off a debate about tiering. The RBNZ has cut rates, the RBA is expected to ease in June. And most other central banks have followed suit, with dovish tones from the likes of the BoC and the Riksbank.

The reasons behind the decision to change tack are myriad. Initially, the tightening of financial conditions on the back of the 4Q18 financial market turbulence was a major factor. The sharp revisions to inflation expectations are a more recent concern. For some central banks more idiosyncratic issues are at play: disappointing growth and housing market woes in Australia, evolving views on the impact of Brexit induced uncertainty for the BoE, and the fears of currency appreciation on being out-doved by the Fed for many.

Almost as if central banks know something the rest of us don't.... Or perhaps those 99 lead balloons that Michael Every warned about earlier, are indeed about to start falling.

So now that all hell is about to break loose, what does that mean for yields... besides lower "across the board" of course? Here is MS' explanation:

US 10y yields to 2.60% at year-end

Our new forecasts continue to express a slightly more cautious balance of risks relative to our economists' modal forecast. Crucially, however, we remain above forwards even then. We continue to favor real and nominal curve steepeners, as well as 30y breakeven longs as soft duration shorts.

We cut our forecasts in US 10y to 2.60% from 3.00% for year-end. This reflects a slightly negative bias relative to our economists' modal forecast, but still leaves us expressing a small bearish bias versus the forwards. We see curves steeper, breakevens wider and the US underperforming on a cross market basis, as duration longs remain crowded and front-end pricing is approaching extremes outside of 2007

Bund yields at risk of new lows of -25 bp in Q3

The EA remains asymmetrically exposed to global event risks, as well as facing potentially serious headwinds from oil and FX. There is room for the market to reprice the ECB further and for term premia to turn more negative given increased periphery vulnerabilities.

In EUR rates, we revise our forecasts for Bunds to -10 bp from 30 bp for year end. This partly reflects the change in ECB view from our economists. Crucially, we see Bund yields at risk of reaching new lows of -25 bp in Q3 as we approach crunch time on accumulated event risks. The structural underweight in EUR rates vs the US as well as the asymmetry of macro risks creates the room for Bunds to outperform. This motivates our constructive stance relative to forwards over the forecast horizon. We favour real rate curve flatteners and see the belly outperform the wings vs forwards across flies.

Gilts: a low quality duration trade

We have revised our rate profile lower. As Brexit drags on and the list of global risks lengthens, we see the BoE struggling to raise Bank rate over the next 12 months. This limits the upside to rates in our view. Our new forecasts remain marginally bearish relative to the pessimism priced in to the forwards.

Given the increased chance of the UK facing persistent uncertainty, both domestically and globally, our economists have cut their growth forecasts for 2020 by 50bp to 1.1%. 2019 has been revised up marginally after the strong Q1 print. They have also pushed out their forecast for the next BoE rate hike to May 2020. We argued after the last BoE meeting that even if a Brexit resolution is found, the BoE would find it hard to hike rates meaningfully given the global backdrop, which have now been priced out entirely from the front end.

We have revised our rate profile lower off the back of our economists change in forecast and in line with our US and European colleagues. As Brexit drags on and the list of global risks lengthens, we see the BoE struggling to raise Bank rate over the next 12 months. This limits the upside to rates in our view. Our new forecasts remain marginally bearish relative to the pessimism priced in to the forwards.

And visually:

Going back to the US, BofA cautions that there is a likelihood of an even lower bone yield as the "key near-term risk to our rates forecast is a significant deterioration of US-China trade negotiations, though we currently believe a full blown trade war is unlikely." Alas, it now appears that a full-blown trade war - at least until the market crashes and forces Trump to the negotiating table - is now the base case.  Additionally, "there is also uncertainty and downside risk surrounding the global growth outlook and political landscape in the US. A resolution of trade tensions and a resilient US domestic economy, on the other hand, would challenge front-end pricing."

And now that BofA has thrown in the towel, expect the rest of Wall Street to do the same, admitting they too got absolutely everything wrong on the bond side. The only real question is when will stocks follow yields which are going much, much lower.

Published:5/22/2019 2:46:33 PM
[6c1760c5-8f26-5a03-bebb-8bf84a319ef5] Denise Richards claims Charlie Sheen once brought a ‘hooker’ to Thanksgiving Charlie Sheen once brought a prostitute to Thanksgiving at Denise Richards’ home, the actress revealed. Published:5/22/2019 2:46:32 PM
[The Extra Crunch Daily] Getaround, Facebook, AI chips, Nvidia, Africa, and immigration Who helped your startup grow? Nominate a growth marketing agency. For those who have been members of Extra Crunch for a while now, you have seen us go through two cycles of Verified Experts, covering startup attorneys and brand designers. Now, we turn our attention to our third community of startup professionals: growth marketers / […] Published:5/22/2019 2:46:32 PM
[Markets] GLOBAL MARKETS-Investors seek safety on threat of wider U.S.-China spat Global equity markets slid on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc amid renewed worries over the U.S.-China trade standoff after reports the United States has another Chinese tech firm in its sights. Relief over Washington's temporary relaxation of curbs against China's Huawei Technologies Co Ltd faded after reports that the White House is considering further sanctions on Chinese video surveillance firm Hikvision. The yen and Swiss franc gained against the dollar and the price of the 10-year U.S. Treasury note rose, but the decline in U.S. and European equity markets was relatively subdued after recent sell-offs. Published:5/22/2019 2:46:32 PM
[Markets] The Ratings Game: Target shoppers who use same-day delivery at urban stores buy five times more items Target has focused on giving customers a number of options for getting their items same-day, which it says has paid off.
Published:5/22/2019 2:46:32 PM
[Politics] PRESIDENTIAL HARASSMENT: New York passes law so they can give Trump’s taxes to Democrats… Earlier we told you that the New York State Senate had passed a bill so they could give Trump’s tax returns to Congress. Well now that bill has passed the legislature and . . . Published:5/22/2019 2:46:32 PM
[Politics] WATCH: Senator Josh Hawley DESTROYS Trump judicial nominee over bigoted comparisons against Catholic family’s views on marriage Today Senator Josh Hawley grilled a Trump judicial nominee for US district judge in Michigan, Michael Bogren, over comparisons he made between a Catholic family and the KKK. After listening to this, . . . Published:5/22/2019 2:09:35 PM
[Entertainment] Brad Pitt, Leo DiCaprio, Margot Robbie go glam at Cannes Film Festival The stars are in the South of France for the glamorous Cannes International Film Festival, which runs May 14 to May 25.
     
 
 
Published:5/22/2019 2:09:35 PM
[Society] Texas Lawmakers Pass ‘Save Chick-Fil-A’ Bill In the House

Texas’s Republican-controlled House voted Monday to pass a “Save Chick-fil-A” bill. The “Save Chick-fil-A” bill does not allow the government to take “any adverse action” against... Read More

The post Texas Lawmakers Pass ‘Save Chick-Fil-A’ Bill In the House appeared first on The Daily Signal.

Published:5/22/2019 2:09:35 PM
[94f6ee47-4619-5920-a663-065d4076f0d9] Prince William apparently calls Princess Charlotte this 'sweet' nickname How sweet! Prince William appeared to call his middle child, Princess Charlotte, by an adoring nickname during the royal family’s recent visit to the Chelsea Flower Show in London. William and wife Kate Middleton took their three children to explore Middleton’s “Back to Nature” garden at the event. Published:5/22/2019 2:09:35 PM
[Apps] Nectar’s sonar bottle caps could save $50B in stolen booze Bars lose 20 percent of their alcohol to overpours and “free” drinks for friends. That amounts to $50 billion per year in booze that mysteriously disappears, making life tough for every pub and restaurant. Nectar wants to solve that mystery with its ultrasound depth sensing bottle caps that measure how much liquid is left in […] Published:5/22/2019 2:09:35 PM
[Political Cartoons] A.F. Branco Cartoon – Wrong Womb – A.F. Branco Cartoon

By A.F. Branco -

Unalienable rights in the Declaration of independence gives all humans by their creator “life, liberty, and the pursuit of happiness”, but what about a human in a liberals womb? Political Cartoon by A.F. Branco ©2019. See more Branco toons HERE

A.F. Branco Cartoon – Wrong Womb – A.F. Branco Cartoon is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:5/22/2019 2:09:35 PM
[Media] We look forward to Brian Stelter investigating the troubling allegations made in the Vanity Fair article about reporters hiding Michael Avenatti’s bad behavior

In a new article on Michael Avenatti, Vanity Fair is reporting that reporters and multiple news outlets and at least “one prime-time anchor” were aware of the celebrity attorney’s anger problems yet said nothing in public about the behavior: So not only did CNN and MSNBC give Avenatti a platform that he exploited to make […]

The post We look forward to Brian Stelter investigating the troubling allegations made in the Vanity Fair article about reporters hiding Michael Avenatti’s bad behavior appeared first on twitchy.com.

Published:5/22/2019 2:09:35 PM
[Middle Column] Climatologist Dr. Judith Curry: Morano ‘has prepared an extremely hard-hitting report for his written testimony’ at Congressional species hearing

Dr. Curry: "Having Marc Morano on this list is like waving a red cape before a bull. True to form, Marc has prepared an extremely hard-hitting report for his written testimony." 

"While I have read Morano’s recent book The Politically Incorrect Guide to Climate Change (I recommend this book),  I was unaware that Morano had been following the species extinction issue so closely. Witnesses selected by the minority party (at present the Republicans), typically have a week at best to prepare written testimony.  So it is clear that Morano’s materials must have been collected and examined over a period of time."

"It is very difficult to rebut Morano’s points without the full Report and its documentation."

"Morano was asked a question about ‘97% of scientists agree.’  Morano nailed it. Moore effectively chimed in on this issue also...The Chairman in his 5 minutes is attacking Morano and the Republicans for inviting him.  Also criticizing ‘junior varsity think tanks.'"

Published:5/22/2019 2:09:35 PM
[worldNews] Trump's Japan trip not expected to focus on trade: official U.S. President Donald Trump's upcoming trip to Japan is not expected to focus greatly on trade, a senior administration official said on Wednesday.
Published:5/22/2019 2:09:35 PM
[Entertainment] Netflix Reveals What's Coming and Going in June 2019: Time to Binge Black Mirror Season 5 Black Mirror, Miley CyrusJune's going to be another hot month for Netflix. Season five of the hit anthology sci-fi series Black Mirror, starring Miley Cyrus, Anthony Mackie and Topher Grace, premieres on the...
Published:5/22/2019 2:09:35 PM
[Markets] The Tell: More active managers are beating the stock market again thanks to the trade war: Goldman Sachs Mutual funds are having one of their best years since the financial crisis, with 42% of large-cap active mutual funds outperforming their benchmarks so far in 2019, well above the 34% rate averaged during the last decade
Published:5/22/2019 2:09:35 PM
[Politics] Michael Avenatti INDICTED over stealing book money from Stormy Daniels! The death spiral of Michael Avenatti continues with a new indictment by federal prosecutors over him stealing money from a book advance from his former client Stormy Daniels! BREAKING: Federal prosecutors announce . . . Published:5/22/2019 2:09:35 PM
[Uncategorized] Republicans Hold Pennsylvania House Special Election by Large Margin Bigger margin than expected, even in a Republican-dominated district. Published:5/22/2019 2:09:35 PM
[Socialism] Anti-American Schools are Winning: Growing Number of Americans Embrace Socialism

The following article, Anti-American Schools are Winning: Growing Number of Americans Embrace Socialism, was first published on Godfather Politics.

Our anti-American schools are turning the tide against the country, folks. A new poll finds a shocking number of Americans are warming up to socialism.

Continue reading: Anti-American Schools are Winning: Growing Number of Americans Embrace Socialism ...

Published:5/22/2019 2:09:35 PM
[Markets] "A Distressed Credit And Restructuring Story": Morgan Stanley Warns Tesla Is Facing Bankruptcy

On Wednesday, Morgan Stanley held an investor call for clients, led by analyst Adam Jonas, supposedly due to feedback after the company's note yesterday, which saw the investment bank lower its "bear case" target to on the company to just $10 per share. This came, ironically enough, just weeks after the company helped Tesla perform a $2.4 billion financing. 

To us, nothing smells more like another potential downgrade than letting "select" investors on a call that wasn't supposed to be for media or for the public. Yet we get the funny feeling that the media - and the public - are going to hear all about the call and discuss it widely for days, if not weeks, to come.

Adam Jonas opened the call by talking about how optimistic 2018 looked - the company was generating cash and Elon Musk was saying they don't need to raise cash. Demand was robust and all was right with the world, at the time. Then, 2019 happened... and somehow everything went to hell overnight. 

Jonas contrasted 2018 by giving his interpretation of where things are today for Tesla: "supply exceeds demand, they're burning cash, nobody cares about the Model Y, they raised capital near lows" and there's been "no strategic buy-in". 

"Tesla's is not seen as a growth story, it's seen as a distressed credit and restructuring story," Jonas said later in the call, suggesting that the next step for Tesla is an out of court debt restructuring and/or bankruptcy (preferably a Chapter 11).

Demand was the first domino, Jonas said, echoing what he put in his note on Tuesday. Additionally, at about 6 minutes in on the call, Jonas talked about the lackluster interest in the Model Y: "Excitement level is really low. There's not much we know about the product."

PlainSite, which documented numerous great quotes from the call, pointed out Jonas making comments about people running scenarios for what would happen in a reorganization scenario as part of their analysis of the business now. 

Jonas also chimed in on the effects of the trade war: "Could there be a worse time to depend on China to sell robot cars?" he asked. 

He also mentioned that the company's debt was only now a burden, since the growth story has dried up. Even Jonas is seemingly unable to ignore the fact that the bond market is pricing the company's 2025 bonds at 82 cents on the dollar: "No one really cares about debt; no one cares about the CDS as long as you're growing. When questions are calling into your growth these numbers start start to be noticed," he said, sounding exasperated.

Jonas then went on to talk about the company's 5 year CDS prices: "Nevertheless, the CDS on Tesla I believe the  five-year CDS this morning was 673 basis points. That compares to Ford Motor Company at around 200." While the implications are clear, the price implies a 46% probability of default in 5 years.

He claimed that after inquiring with Morgan Stanley's credit desk about the price of the company's CDS, they informed him that it is pricing in "a 10% chance of default". 

You can listen to a full leaked version of the call here

Naturally, Twitter had a field day as it was ongoing:

Recall Jonas had slashed his bear case on the company to just $10 yesterday, from $97, "driven primarily by our concerns around Chinese demand for Tesla products."

As a result, the bank's range of price targets for Tesla is easily one of the funniest charts encountered this year:

Jonas opened Tuesday's note by reminding readers that the company's 5 year CDS is at 674 vs. Ford at 200, saying that Tesla "has among the widest ranges of outcomes and uncertainty of any major auto firm". With MS's bear case at $10 and other clinically insane optimistic analysts on the name predicting $4,000 per share, that's one assertion Jonas is clearly right about. 

Jonas also called into question the year's "sharp deceleration in demand":

We have long held that Tesla’s share price performance is driven by: demand for its products, ability to generate cash flow, and access to capital markets. This year’s sharp deceleration in demand has led to a substantial curtailment of the company’s ability to self-fund through free cash flow generation, at the margin potentially impacting the firm’s access to capital. Tesla’s recent $2.7bn equity and convertible debt raise may provide an extra year of liquidity to run a business of this size and cash consumption. However, Tesla may now find itself in a cycle where a lower share price may itself contribute to a potential deterioration of employee morale as well as potentially increased counterparty risk with both customers and business partners (suppliers,governments)... potentially further impacting fundamentals.

He then reminded the Musk collective of the importance of demand, or lack thereof, saying it is "at the heart of the problem" and adding that the company may have over-saturated the market outside of China:

We believe Tesla may have over-saturated the retail market for BEV sedans outside of China. Tapping into new demand could require aggressively expanding into: 1) the Chinese domestic market, 2) lower-priced SUVs, 3) and logistics/mobility fleets. Tesla is a large and highly vertically integrated company, capacitized to build between 500k and 1 million units annually. In our opinion, Tesla has grown too big relative to near-term demand, putting great strain on the fundamentals.

If that wasn't enough, Jonas also slammed the "departure of key executives, price discounting, and extraordinary cost-cutting efforts add to the narrative of a company facing real potential stress."

Published:5/22/2019 2:09:35 PM
[World] More workers can expect to be forced into mandatory arbitration by their employers A new study by the Economic Policy Institute says an increasing number of companies are making sure employee complaints won’t get to court.
Published:5/22/2019 2:09:35 PM
[] Powerful Michigan Political Family Ends Longtime Support of Fake Libertarian Liberal Justin Amash I imagine that he's been reassured by certain factions that he will get corporate support if he runs for president, and that he'll get corporate gigs after he loses. So I don't think he really cares about elective politics anymore... Published:5/22/2019 2:09:35 PM
[topics:things/judaism] Rabbi with 'special powers' located Hizbollah tunnels Published:5/22/2019 1:39:54 PM
[Visual Studio] Visual Studio 2019 version 16.1 now generally available (and 16.2 Preview 1 as well)

Today, we are making Visual Studio 2019 version 16.1 generally available, as well as the first preview release of Visual Studio 2019 version 16.2. You can download both versions from VisualStudio.com. If you already have Preview installed, you can alternatively click the notification bell from inside Visual Studio to update. 

The post Visual Studio 2019 version 16.1 now generally available (and 16.2 Preview 1 as well) appeared first on The Visual Studio Blog.

Published:5/22/2019 1:39:47 PM
[Entertainment] Why The Hot Zone Left a Lasting Impression on Julianna Margulies The Hot Zone, Julianna MarguliesThe Hot Zone, Julianna Margulies' latest TV project, is vastly different from the ones you know her from. The miniseries, which is set in 1989 and features Margulies as Lt. Col. Nancy Jaax,...
Published:5/22/2019 1:39:47 PM
[FOREIGN AFFAIRS] Extinction Rebellion’s Useful Idiots: Climate Alarmism Does Far More Harm Than Good

Climate catastrophists have been talking up the notion of an environmental Armageddon, and threatening that unless everyone changes their habits right now, the world will end. This is simply not true.

The post Extinction Rebellion’s Useful Idiots: Climate Alarmism Does Far More Harm Than Good appeared first on Human Events.

Published:5/22/2019 1:39:46 PM
[Gaming] Amazon has turned warehouse tasks into a (literal) game Working at an Amazon fulfillment center is tough and tedious. Stories of problematic working conditions have plagued the company for years now, and pressure has likely only increased as the retail giant is pushing to get packages out even faster. To give the company some credit, it has worked to improve conditions, including the addition […] Published:5/22/2019 1:39:45 PM
[Security] House Appropriators Vote to Handcuff Pentagon for Reprogramming Funds to Border Wall

The House Appropriations defense subcommittee has slashed the Pentagon’s reprogramming authority by 75% in the approved defense appropriations bill reported out on May 15. The... Read More

The post House Appropriators Vote to Handcuff Pentagon for Reprogramming Funds to Border Wall appeared first on The Daily Signal.

Published:5/22/2019 1:39:44 PM
[37d8ba5a-e37a-5386-9c2d-66d57987956a] Rebecca Gayheart describes car accident that left a 9-year-old dead, spending a year 'trying to kill myself' Actress and model Rebecca Gayheart opened up about a tragedy that took place 18 years ago when she inadvertently killed a 9-year-old in a car accident. Published:5/22/2019 1:39:44 PM
[Politics] Republican Congressmen Launch War Veterans Fund PAC

Republican Reps. helped launch the War Veterans Fund PAC on Wednesday, part of a push to elect more veterans of the wars in Iraq and Afghanistan in 2020. Speaking at the Republican National Convention headquarters, Dan Crenshaw (Texas), Mike Gallagher (Wis.), and Michael Waltz (Fla.) urged Republicans veterans wishing to continue their service to consider a run for Congress.

The post Republican Congressmen Launch War Veterans Fund PAC appeared first on Washington Free Beacon.

Published:5/22/2019 1:39:43 PM
[worldNews] Mozambique ex-finance minister should be extradited to U.S.: embassy Washington urged South Africa on Wednesday to extradite Mozambique's former finance minister Manuel Chang to the United States to face charges related to a $2 billion debt scandal, after it was decided he be sent to his home country.
Published:5/22/2019 1:39:43 PM
[US News] Mollie Hemingway has the ‘good news for Ralph Northam’ after his ‘absurd statement’ about investigation of old yearbook photo

Here's how "media destruction" has been avoided.

The post Mollie Hemingway has the ‘good news for Ralph Northam’ after his ‘absurd statement’ about investigation of old yearbook photo appeared first on twitchy.com.

Published:5/22/2019 1:39:43 PM
[Markets] Market Shrugs Off Fed Hawkish Tone (For Now) - Goes Nowhere

It appears The Fed has mastered the art (for now) of creating a document with no algo-triggering headlines as despite a definite hawkish tone - transitory inflation and asset valuation warnings - stocks and bonds are unmoved and the dollar is very marginally higher.

Bond yields are unch...

Eurodollar futures show no immediate shift in rate expectations on the back of the Fed minutes, despite the "transitory" inflation language and the lack of any mention of rate cuts would seem to be a little more hawkish than the market's positioning.

Stocks are down very modestly...

But the dollar was the only asset that really moved (and even that was minimal)...

But, of course, it's early yet.

Published:5/22/2019 1:39:43 PM
[Markets] Market Snapshot: Stock market remains under pressure after release of Fed minutes U.S. stocks remain under pressure Wednesday as the Federal Reserve released the minutes from its policy meeting concluded earlier this month where it reiterated its commitment to being patient on interest rates.
Published:5/22/2019 1:39:43 PM
[The Blog] Someone wants to expand the anti-abortion laws to punish “impregnators”

So how does this work again?

The post Someone wants to expand the anti-abortion laws to punish “impregnators” appeared first on Hot Air.

Published:5/22/2019 1:39:43 PM
[Loose Ends] Loose Ends (83) (Steven Hayward) • You’ll never guess what the UN is worried about now: How dare Amazon name their digital assistant Alexa! “Alexa: How can we liberate you?”  How come I suspect Alexa’s answer will be essentially, “Buy more things from Amazon!” Chaser:   • The Climatistas are always telling us that their prescriptions won’t shrink or slow economic growth, and won’t significantly impinge on the lifestyle of citizens. To the contrary, if AOC Published:5/22/2019 1:39:43 PM
[Markets] The Fed Minutes Offered No Surprises, and the Dow Is Still Down The minutes from the latest meeting of the Federal Open Market Committee offered no market-moving news, leaving stocks lower, as they were earlier in the day. Published:5/22/2019 1:39:43 PM
[World] Four years, $13 million and dozens of hands: How ‘affordable housing’ gets made in America As gentrification sweeps through many U.S. cities, including Washington D.C., more residents have trouble finding affordable housing. Each community is slightly different, but the national approach to creating more housing that low- and moderate-income people can afford is all-American: a patchwork quilt of public and private initiatives.
Published:5/22/2019 1:39:43 PM
[Entertainment] How Christina Anstead Reacted When Tarek El Moussa Revealed the Sex of Her Baby Christina El Moussa, Tarek El Moussa, Flip or FlopChristina Anstead was "so confused" when she heard her ex, Tarek El Moussa, revealed the sex of her and Ant Anstead's baby. The Christina on the Coast star, who is expecting a...
Published:5/22/2019 1:10:54 PM
[Politics] Trump: Dem Leaders 'Tearing the United States Apart' President Donald Trump ripped Democratic leadership in Congress as working to tear "the United States apart." Published:5/22/2019 1:10:54 PM
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NASA
books1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45
dow
Casey
dow1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45,8

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