Key Events In The Peak Vacation Season Week
With Wall Street hitting peak vacation season, it is a quiet week for news. The key economic release this week is CPI inflation on Tuesday. There are several scheduled speaking…
Hillary Clinton Is Drafting Illegal Immigrants To Boost Voter Turnout
The Clinton campaign is launching a new program that will encourage America’s 730,000 DREAMers to vote…without actually voting, of course, because that would be illegal. But now that we think…
What Will You Do When The Lights Go Out? The Inevitable Failure Of The US Grid
Submitted by Julieanna Geiger via OilPrice.com, Delta Airlines recently experienced what it called a power outage in its home base of Atlanta, Georgia, causing all the company’s computers to go…
Oil Slides After Russian Denial Of Output Freeze At OPEC Talks
Revelations regarding deposit bail-in risks came in the wake of warnings of a new property crash centred on the housing market in Ireland. The former deputy governor of the Central…
WSJ Editorial Board Unleashes On Trump, Says He Should “Turn Nomination To Mike Pence” If He Can’t Change
In the latest attack on Donald Trump, this time by a member of the conservative media, overnight the WSJ editorial board penned an op-ed called “Trump’s Self-Reckoning” in which it…
Portugal Gaining On Italy In The European Banking “Doom Loop”
Submitted by Benn Steil and Emma Smith via CFR, Italian banks have taken a pounding of late from the ECB, the markets, and the media. They currently hold a whopping…
Morgan Stanley Says The Oil Squeeze Will End On August 17: Here’s Why
Following his bearish note last week, Morgan Stanley’s oil analyst Adam Longson is out with a new report, in which he accurately explains that the recent oil-price jump is driven…
Tesla Spontaneously Catches Fire, Burns Down During Test Drive In France
After Tesla’s latest problem involving a Model S crash in Beijing while in autopilot mode (which has since prompted the carmaker drop remove “autopilot” from its Chinese website), Elon Musk…
Meet The Spornosexual: How A Weak Economy Sparked The Selfie-Generation
Poor economies impact countries in a number of detrimental ways including higher rates of poverty, unemployment and chronic disease. Now, a new study shows the bad economy is to blame…
Justin Abuah, Director Of Information At The Nigerian Presidency, Is Dead
The late Justin Abuah Mr Justin Onuorah Abuah, Director of Information, State House, has passed on, the presidency said in a statement on Monday. Born on January 29, 1959, Mr…