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The Indian Self-Determination and Education Assistance Act allows Native American tribes to take over certain aid programs that would otherwise be the responsibility of the federal government. The Menominee Tribe of Wisconsin did just that, entering into a “self-determination contract” with the Indian Health Services. Contracting tribes are eligible to receive money that the U.S. […]

Thomson Reuters, the company behind legal must-haves like WestLaw and FindLaw, launched its newest legal service last week: Practice Point. Practice Point seeks to make legal information more useful and easily accessible — and hence, your work more bearable — by bringing together the expertise, legal knowledge, and technology that you need, as you need […]

A United Nations panel has issued an opinion declaring that WikiLeaks founder Julian Assange has been ‘arbitrarily detained’ by the governments of Sweden and the United Kingdom for the past five years. The Human Rights Council’s Working Group on Arbitrary Detention recommended Assange’s release, along with possible financial compensation, and you can read their full […]Read More

Submitted by Claire Bernish via TheAntiMedia.org, “It’s outrageous that this sort of government-made catastrophe would happen anywhere in the United States,” Representative Justin Amash said Wednesday as he opened his allotted time period to question a panel before Congress about the lead crisis in Flint, Michigan. “The State of Michigan needs to provide comprehensive assistance to the […]Read More

In our classic post “This Is Canada’s Depression: Surging Crime, Soaring Suicides, Overwhelmed Food Banks ‘And The Worst Is Yet To Come,” we brought you a few first-hand accounts of the effect oil’s plunge has had on the Canadian labor market. Bloomberg documented the fate of “Jillian”, described as geology graduate who was “lucky” enough […]Read More

In the spring of 2015 we showed something unexpected: one of the biggest buyers, and holders, of AAPL stock was none other than the already quite troubled – in the aftermath of its disastrous Swiss Franc peg which ended up costing it tens of billions in losses – largest hedge fund in Switzerland, its central […]

While there are numerous financial institutions in the world that are full of hidden NPLs and over-leveraged, trading at extreme levels of risk, the FSA’s “Too-Interconnected-To-Fail” list of systemically critical banks is where global investors’ attention is really focused. BMO Capital Markets breaks down the world’s most systemically critical financial institutions using their own “special […]Read More

While the primary topic of Albert Edwards’ most recent note is the question how long China can sustain its FX intervention before tapping out and letting the hedge funds win with their short Yuan bets once total reserves drop below the critical redline of $2.7 trillion (the answer incidentally is between 5 months and 10 […]

On Thursday we brought you the latest from Syria, where Hezbollah and the IRGC have encircled Aleppo and cut off rebel supply lines to Turkey. It was months in the making, but it now appears that the city – Syria’s second largest – will soon be retaken by forces loyal to Bashar al-Assad. As we’ve […]

After someone decided to dump $1.2 billion notional in gold futures this morning as the jobs data hit – sparking a $20 tumble in the precious metal – it appears stock sellers are greatly rotating to the safety of bullion (over bonds)… Average: Your rating: None Average: 4.8 (9 votes)

We warned earlier in the week that the credit risk of the world’s financial institutions were on the rise and that trend has worsened as the week ends. Global Bank Risk is spiking… European Bank Risk is blowing out in Core and Peripheral nations… And China Bank credit risk has broken to new cycle highs.. […]

To be sure, the rumors have been there for a while. As we first wrote in March of 2015 when it became a topic of conversation, speculation that Cushing may fill, and even overflow, has been around for nearly 10 months. As we reported then, there were floating predictions that Cushing may top out as […]