By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam. Enormous amounts of money were paid out in order to ensure that children from very wealthy families were able to get into top schools such as Yale University, Stanford University, Weiterlesen
“If your debt is growing faster than your economy, then you’re not getting richer. You’re getting poorer. You would have been better off without the debt and without the growth … We’re borrowing ourselves into poverty. We’re not borrowing ourselves rich. We’re borrowing ourselves broke.” (Der US-Ökonom und Investor Peter Schiff über den Boom in Amerika, hier)
If we analyze the ranking of the main technological companies (2017), there is not a single European among the top fifteen. The vast majority are North American and Chinese companies. It is even more worrying. If we go to the top 50 global technology companies, only four are European, but when we analyze those four, it is more than debatable that they are leaders in innovation, patents and market power. The European indexes of “technology” include, diplomatically, a few industrial conglomerates that have long lost the technological race.This is not by chance or bad luck. It is by design, sadly mehr hier
WFAA, an ABC-affiliated television station, has revealed a secret in a small East Texas town called Onalaska, which has more than 1,000 registered aircraft – and no airport. The investigation found planes were registered to two standard post office boxes in Onalaska. According to the most recent government data, the town had a population of 2,755, indicating that there were enough registered aircraft for nearly 37% of its residents. mehr hier
“…..And according to Bloomberg, just a few days later, Europe has indeed emerged as the world’s weakest link, and perhaps more so than the outcome of the US-China trade war, “it is Europe that increasingly looks like the biggest threat to global growth.” As evidence, Weiterlesen
Germany has snubbed Lockheed Martin’s F-35 joint strike fighter, knocking the American stealth fighter of out of a tender worth billions of euros, the German Defense Ministry confirmed on Thursday. Germany’s military is seeking to replace its aging Tornado warplanes, for which Boeing’s F/A-18 Super Hornet and Airbus’ NATO Eurofighter Typhoon remain contenders. Should Germany go Weiterlesen
We know that the white male has been delegitimized. Women’s studies, black studies, Latino studies, and Identity Politics have been demonizing, and teaching hatered of, white males since the 1980s. But where did these hate-filled special interest groups get their power? The answer is that effete white males handed it to them. mehr hier
European efforts to protect trade with Iran, as an answer to mitigate U.S. sanctions, are hitting a brick wall. European politicians seem to be out of touch with reality not only in the markets, but also concerning the attitude of several of its member countries. European politicians, mostly working from their shiny offices in Brussels and Strassbourg, seem to be living in an ivory tower, as no real practical support for all their measures has been shown in the respective member states. weiter hier
In what may prove to be a painful admission in retrospect and an inadvertent green light for future bank runs, on Wednesday morning Italy’s Cabinet Undersecretary Giancarlo Giorgetti said in an interview on Italy’s RAI that Italian banks would need a “recapitalization” if the spread with German bonds continues to rise toward 400 basis points, from the current level of 314bps which is just shy of the widest level it has been going back to early 2013. weiter hier
The latest polls have more than 56% of Italians would leave the EU if an Italeave referendum were held today.- Brexit never polled that well. weiter hier
The Eurozone has been built on quicksand. The examples of more than 200 former currency unions suggests rather vividly that a currency union needs to be either backed by a political union or it needs to have an exit option. The eurozone, markedly, has neither. It was erroneously assumed that when countries join the European Monetary Union (EMU), their economies would start to converge. This means that it was thought that the poorer countries would start to catch-up to the richer ones in well-being and, e.g., productivity. That never materialized. The convergence that was observable during the first years of the euro halted after the financial crisis hit weiterlesen hier