Will Italy Sink Europe? Former Goldman Chair Warns Brussels Bureaucrats, Rome Is Not Athens

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Authored by Jim O’Neill via Project Syndicate, Italy’s coalition government has been generating headlines with its pursuit of populist economic policies that threaten to leave eurozone fiscal rules in tatters. But before EU authorities respond, they should bear in mind that if Italy does not achieve stronger GDP growth, political conditions there could deteriorate further.… Read More

Putin Announces New Hypersonic Weapon Will Be Deployed In "Months"

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Russian President Vladimir Putin said Thursday that Moscow would deploy new Avangard hypersonic glider warheads in the “coming months,” adding that Russia’s hypersonic program is the most advanced in the world, according to a new report from the Financial Times.  “We are improving our attack systems in response to the construction of a missile defense system by… Read More

Britain's Grooming Gangs: Part 1

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Authored by Denis MacEoin via The Gatestone Institute, On July 24, 2018, Britain’s Home Secretary, conservative MP Sajid Javid, issued orders for research into the ethnic origins of the country’s many sexual grooming gangs that had involved large numbers of loosely-termed “Asian men”, who, over many years, had taken vulnerable young white British girls to use or… Read More

Only 4% Of Americans Consider Saudi Arabia An Ally

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Saudi Arabia is still at the center of an international storm of condemnation following the now confirmed murder of journalist Jamal Khashoggi. Even though President Trump has continued to defend the Washington’s most important Arab partner, a new YouGov poll has found that only 4 percent of the U.S. public consider Saudi Arabia an ally… You will find more… Read More

Monday’s News Links

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[Reuters] Asia shares pare losses as China rallies on stimulus hope [BloombergQ] Chinese Stocks Rally Most Since 2016 as State Steps Up Support [BloombergQ] Kudlow Blames China for Not Engaging Ahead of Trump-Xi Meeting [BloombergQ] Inflation Creep Is Real, Morgan Stanley Says [BloombergQ] China Breaks Six-Month Streak of Accelerating Home-Price Gains [Reuters] China slams Pompeo’s ‘malicious’ Latam comments amid influence battle… Read More

Facebook's New Troll-Crushing "War Room" Confirms Surveillance By Corporation Is The New America

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Facebook on Wednesday briefed journalists on its latest attempt to stop fake news during the election season, offering an exclusive tour of a windowless conference room at its California headquarters, packed with millennials monitoring Facebook user behavior trends around the clock, said The Verge.  This is Facebook’s first ever “war room,” designed to bring leaders from 20… Read More

Johnstone: An Embarrassing End May Soon Be Near For Russia-Gaters

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Via CaitlinJohnstone.com, After more than two years of mania about Russia stealing the 2016 election for Trump and demonization of anyone who questioned it, an embarrassing end may soon be near for the Russia-gaters… In a new article titled “Mueller report PSA: Prepare for disappointment“, Politico cites information provided by defense attorneys and “more than 15 former… Read More

"Largest Ever Ponzi Scheme In Maryland" Rocks Investors, $345 Million Vanishes

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The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) announced last month the indictment and arrests of three people, including a Baltimore man, involved in the largest-ever Ponzi scheme in Baltimore-Washington metropolitan area.  More than 230 people have been taken for a financial rollercoaster as three men ((Kevin B. Merrill (“Merrill”), Jay B. Ledford… Read More

Farewell Iron Lady – the English Rose who ruled the Highveld

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My entry into publishing had its roots in the restraint of trade imposed by our biggest client. It forced my co-operative of freelancer journalists to branch outside our core area of financial journalism. Leading to the unlikely creation, in 1988, of South Africa’s first horse racing newspaper. Although not a financial success, Racing Digest provided… Read More

A 10% Drop In Stocks Would Send GDP Sharply Lower In 2019, Goldman Finds

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In addition to boosting the intangible “wealth effect” by raising consumer confidence and encouraging spending, rising stock prices have a benign effect on the broader economy by directly stimulating US economic growth and GDP. And vice versa: when stocks drop, tightening financial conditions, US GDP is impacted adversely. That’s the observation made in a Friday… Read More

NYU Hosts Marx Birthday Bash… During The Wrong Month

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Authored by Andrew Lawrence via Campus Reform, New York University is hosting a two-week celebration of Karl Marx’s May 5th birthday… from Oct. 17-28. NYU Skirball, formally known as the Jack H. Skirball Center for the Performing Arts, will host a two-week celebration of the communist philosopher in commemoration of his 200th birthday. The birthday bash, titled… Read More