ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Oct 10 21:35

Return to Russia: Crimeans Tell the Real Story of the 2014 Referendum and Their Lives Since

IMFEROPOL, CRIMEA — In early August I traveled to Russia for the first time, partly out of interest in seeing some of the vast country with a tourist’s eyes, partly to do some journalism in the region. It also transpired that while in Moscow I was able to interview Maria Zakharova, spokeswoman of the Foreign Ministry.

High on my travel list, however, was to visit Crimea and Donetsk People’s Republic (DPR) — the former a part of Russia, the latter an autonomous republic in the east of Ukraine, neither accurately depicted in Western reporting. Or at least that was my sense looking at independent journalists’ reports and those in Russian media.

Oct 10 18:00

Concentrated Cannabis: 4 Ways to Make Hash at Home

Why Make Hash?
Making hash is a wonderful method of preserving resin long after cannabis has been harvested. Whether in the kitchen or in the lab, hash making is a process that is available to everyone. Using old school methods or new school techniques, the process is relatively straightforward — agitate to remove trichomes, collect the resin, sort the resin by size, dry the resin, smoke and enjoy!

https://www.edrosenthal.com/the-guru-of-ganja-blog/water-hash-101-plus...

Oct 10 12:20

200-square-foot ‘shed’ renting for $1,050 a month in California

A rental listing in San Diego received some backlash from locals who say the rental illustrates how bad the cost of living has become in the city.

On a rental site called Zumper, the listing shows a 200-square-foot “studio” that is located in the University Heights neighborhood.

Monthly rent is $1,050 but the potential renter must have an income 2.5 times more than that and a credit score of 650 or better. They must also have good rental references and no rental evictions on their record.

The small abode comes with a wall air conditioning unit, full bathroom and a kitchen with a mini-fridge and full-sized stove and oven.

Oct 10 11:30

Iraq to join China’s Belt and Road project

Iraq will join China’s signature “Belt and Road” infrastructure investment project, the country’s prime minister said Monday in Beijing.

Adel Abdel Mahdi made the announcement in a meeting with Chinese President Xi Jinping during a state visit.

“Iraq has gone through war and civil strife and is grateful to China for its valuable support,” said Mahdi, in comments broadcast on Chinese state media outlet CCTV.

Oct 10 10:45

PayPal Writes Down $228 Million on Investments After Uber

PayPal Holdings Inc. will report a $228 million loss on investments before taxes in the third quarter, driven in large part by a bad bet on Uber Technologies Inc. just before it went public.

The San Jose, California-based payments company said the investment in Uber, for $500 million at the initial public offering price, had declined 34%. Another investment, in Latin American online retailer MercadoLibre Inc., had declined 10%, PayPal said.

Oct 10 10:36

The Hidden Costs of a Universal Basic Income

Oct 10 09:13

COMMIFORNIA: Gas is over $4.50USD a gallon!

Oct 10 06:46

Germany economy is crashing

Oct 09 18:50

No more ‘king’ and ‘queen’? Ohio school won’t use gendered words for homecoming anymore

An Ohio high school is doing away with gendered language for its homecoming court after two female students were crowned what would usually have been “king” and “queen” — but will now be known as “Homecoming Royalty” instead.

Oct 09 18:46

Robin Hood in reverse: US billionaires paid lower tax rates than working class in 2018 in latest blow to capitalism

American billionaires have never had it so good – they’re actually paying a lower tax rate than the working class, according to two economists exposing the real beneficiaries of a system that has redistributed wealth to the top.

The 400 wealthiest families in the US paid a lower effective tax rate than working class families for the first time last year, economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley have claimed in their forthcoming book ‘The Triumph of Injustice’.

Billionaires, they say, were taxed at 23 percent, while working class families were taxed at 24.2 percent. Their calculations take into account state, local, and federal taxes, corporate taxes, and what the pair call “indirect taxes,” encompassing licenses and other fees paid to government.

Oct 09 16:22

Twitter “Unintentionally” Used Your Phone Number for Targeted Advertising

By Gennie Gebhart and Jacob Hoffman-Andrews

Stop us if you’ve heard this before: you give a tech company your personal information in order to use two-factor authentication, and later find out that they were using that security information for targeted advertising.

That’s exactly what Twitter fessed up to yesterday in an understated blog post: the company has been taking email addresses and phone numbers that users provided for “safety and security purposes” like two-factor authentication, and using them for its ad tracking systems, known as Tailored Audiences and Partner Audiences...

Oct 09 10:04

Job Openings Plunge To 17 Month Low As Slide In Hiring, Quitting Confirms Job Market Slowdown

Last month we concluded our analysis of the July Jolts by reminding readers that "JOLTS is 2 months delayed, so we wouldn't be surprised if next month's JOLTs is where the real ugliness lies." That's precisely what happened.

Just in case the last few disappointing payrolls reports weren't sufficient to indicate that the US labor market is cooling rapidly, the latest JOLTS released today by the BLS confirmed that US workers are going through a decidedly rough patch, as the total number of job openings dropped again, sliding to 7.051 million, below the 7.250 million expected, and not only below the downward revised June print of 7.174 million (7.217 previously), but the lowest number in 17 months, since March 2018.

Oct 09 10:03

Turkey Joins Russia's Ruble-Based Alternative To SWIFT

After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia's alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over.

Though SWIFT is an international cooperative owned by its members, with more than 10,000 banks worldwide relying on its system for handling sizable inter-bank transactions, the safety of the network was brought into question after a series of cyberattacks in 2015 and 2016 resulted in the theft of $101 million from the Central Bank of Bangladesh.

For the first time since SWIFT's laucnh, the hacks stoked doubts about the system's safety, and prompted many US rivals, including Russia, to ramp up work on their alternatives to SWIFT.

Oct 09 10:01

American Airlines Joins Southwest In Abandoning Hope 737 MAX Will Fly Again This Year

Even as Boeing still tells anyone who will listen that it is confident the infamous 737 MAX plane will fly again this year, its biggest clients are giving up hope, and earlier today American Airlines abandoned expectations it would resume flights with the Boeing Co. 737 Max this year, pulling the troubled plane from the carrier’s schedule beyond the end of 2019, at least through January 15, 2020.

As Bloomberg notes, the world's largest airline, which previously removed the aircraft through Dec. 3, is canceling 140 flights per day as its two dozen Max jets remain grounded indefinitely. With its announcement that it won't fly a 737MAX until 2020 at the earliest, American follows Southwest Airlines which in July said that it wouldn’t fly the plane before Jan. 6. Southwest is the largest Max operator, with 34.

United Airlines remains the major outlier, and still has the Max set to return to its schedule on Dec. 19, while Air Canada has removed the plane until Jan. 8.

Oct 09 08:57

Amazon Is Becoming One Of America’s Biggest Military Giants

By Aaron Kesel

Amazon is on its way to becoming one of the U.S. military’s biggest security giants, with a pending $10bn JEDI cloud computing deal that the company could win, MIT Technology Review reported.

In August the Pentagon halted the controversial contract deal, known as Joint Enterprise Defense Infrastructure (JEDI), an initiative to “aggressively accelerate the Department’s adoption of cloud architecture and services, with a focus on commercial solutions.”...

Oct 09 07:35

Researchers Attempt to Invent Low-Cost Alternative to Bitcoin

The cryptocurrency Bitcoin may be limited by its astronomical electricity consumption. A nearly zero-energy alternative sounds too good to be true, but as School of Computer and Communication Sciences (IC) Professor Rachid Guerraoui explains, it all comes down to our understanding of what makes transactions secure...

Oct 09 06:44

The Book Is About To Close On The Late Great United States Of America

Our story could have ended very differently. If America had embraced the truth, that would have put us on a far different road than the one we are on today. Instead, we are steamrolling toward oblivion, and only a small handful of brave watchmen are even warning about the ominous fate that lies directly ahead of us. We live at a time when “evil” is called “good” and “good” is called “evil”, and just about every form of human degradation that you can possibly imagine is absolutely exploding in our society.

Oct 09 04:59

How An Ever Sanctioning Superpower Is Losing Its Status

The Russian President Vladimir Putin spoke yesterday at the yearly Valdai Discussion Club meeting in Sochi. A video with English translations and excerpts of the transcript are here.

With regards to the global system Putin made an interesting historic comparison:

The U.S. sanctions and sanctions and sanctions but never checked if sanctions work to the intended purpose. The efforts to sanction Russia have surely led to some unintended consequences. They are the reason why the alliance between China and Russia deepens every day. The U.S. has the exorbitant privilege of having its own currency being used as the international reserve. The sanctioning of U.S. dollar transactions is the reason why the U.S. is now losing it:

But the U.S. is not losing its financial or sole superpower status because of what China or Russia or Iran have done or do. It is losing it because its has made too many mistakes.

Oct 08 18:32

UBS Boosts 2020 Gold Forecast Even Higher

Oct 08 14:51

Headlines Dominate Cautious Markets

Oct 08 14:50

Fed's Shadow QE Revealed!

Oct 08 08:30

Watch out for leveraged ETNs

Oct 08 07:58

Sonos is letting customers in Europe rent its pricey speaker systems for just $16 per month in a service that could roll out worldwide

The service offers three distinct tiers of Sonos rentals that start at €15 ($16) per month and ascend in price with a middle-tier package that costs €25 ($27) per month and finally a premium package for €50 ($55) per month.

Each serves a separate function with the more expensive options being geared toward TV's and the cheapest being a versatile 'Evert Room' setup.

Respectively, the speakers included in those packages would cost €229 ($251), €449 ($493), and €799 ($877) if bought outright through the company.

Oct 08 07:13

The Most Miserable Countries in the World

Oct 08 06:50

What's Holding Up the Market?

Oct 07 18:16

Timeline of Lawsuits, Legislation, Opposition, and Warnings Regarding Forced 5G Installation in the U.S. and Worldwide

By B.N. Frank

Activist Post regularly reports about increasing opposition to 5G in the U.S. and around the world. It’s difficult to keep up with it. In February, the telecom industry provided U.S. congressional testimony that they have NO scientific evidence that it’s biologically safe. Many doctors and scientists say it isn’t. Engineers, environmentalists, meteorologists, NASA, NOAA, U.S. Navy, security experts and other credible sources have also described 5G as a recipe for disaster.

It’s ridiculous that 5G is still being forced on so many communities – especially since illness from exposure has already been reported...

Oct 07 15:48

Capital Flight Is Killing The US Shale Boom

Oct 07 15:02

Urban and Home Gardens Could Help Curb Food Insecurity, Health Problems

It’s changed our way of eating a lot’: Participants cited pride in their garden work as a key factor in eating the healthier produce they grew, leading to an increase in healthy eating and physical activity.

Food deserts are an increasingly recognized problem in the United States, but a new study from the Journal of Nutrition Education and Behavior, published by Elsevier, indicates urban and home gardens – combined with nutrition education – could be a path toward correcting that disadvantage...

Oct 07 10:16

The Relentless Road to Recession

Oct 07 10:02

China’s ‘New Silk Road’ Vision Revealed

The Xinhua series promises the clearest look so far at China’s vision for its Silk Road Economic Belt as well as the Maritime Silk Road. One of the most intriguing pieces released Thursday was a map showing China’s ambitious visions for the “New Silk Road” and “New Maritime Silk Road.” It’s the clearest vision to date of the scope of China’s Silk Road plan.

According to the map, the land-based “New Silk Road” will begin in Xi’an in central China before stretching west through Lanzhou (Gansu province), Urumqi (Xinjiang), and Khorgas (Xinjiang), which is near the border with Kazakhstan.

Oct 07 09:16

The Washington Tyranny destroys Democracy - Dr. Paul Craig Roberts, Herland Report TV

Herland Report Podcast: "If there is a war, Europe is going to disappear. The Russians have already said that they will not fight another war on their territory. There are no independent governments in Europe, Washington owns them," states Dr. Paul Craig Roberts.

Oct 07 09:15

Hard Data Gets Put to the Test

Oct 07 09:10

China’s New Silk Road through Syria provokes the US: The Sanctions only help China’s power to grow

A map of the likely final routes of the land and sea trade corridors which China is working to build in cooperation with local nations along the route goes a long way in explaining why the United States is conducting troop exercises, engaging in military conflicts and threatening new military conflicts in key spots along the New Silk Road.

The following map shows the routes of China’s New Silk Road. Each number corresponds to an area where US troops or their allies are either active in a conflict zone or have recently engaged in military exercises.

Oct 07 09:00

A Turning Point for America and The World?

11 days ago the Russian Combat Engineers completed a bridge across the Euphrates, under fire,connecting Western Syria with Eastern Syria,capable of handling 8,000 vehicles a day.
https://theduran.com/syrian-war-update-russia-builds-bridge-across-eup...
https://tass.com/defense/967468

Neither Syria,Russia or Iran are protesting the Turkish invasion as of yet.

Today President Trump announced a pullout of US troops from Northeast Syria in anticipation of a major Turkish incursion into Northeastern Syria.
https://www.rt.com/news/470361-us-syria-tribal-wars/
https://news.antiwar.com/2019/10/06/us-troops-will-withdraw-from-north...
Russia demanded all uninvited foreign troops leave Syria.
https://sana.sy/en/?p=175065

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