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Florence Death Toll Climbs To 17 As 3-Month-Old Dies; Wilmington “Virtually Cut Off”
Florence Death Toll Climbs To 17 As 3-Month-Old Dies; Wilmington “Virtually Cut Off” The storm that is now known as Tropical Depression Florence has seen its winds slacken since it first reached the Carolina coast on Friday (though it has battered parts of the state with wind and rains since Thursday), but the unceasing rains […]
“KING OF STORMS” Devastates Hong Kong, Makes Landfall in China Sunday
“KING OF STORMS” Devastates Hong Kong, Makes Landfall in China Sunday On Friday, two massive storms — Hurricane Florence and Typhoon Mangkhut — made devastating landfall on opposite ends the world, but are leaving behind destruction in different ways. For Florence, it was mainly a rain event in the Carolinas. For Mangkhut, it was the wind […]
Trump To Announce $200 Billion In New China Tariffs As Soon As Monday
Trump To Announce $200 Billion In New China Tariffs As Soon As Monday In the latest installment of the story that just won’t go away, the WSJ reported on Saturday that – as Bloomberg reported first yesterday – the Trump administration plans to announce new tariffs on up to $200 billion in Chinese goods as […]
Bill Bonner: “America’s Economy Is On A Suicide Mission”
Bill Bonner: “America’s Economy Is On A Suicide Mission” Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned; The best lack all conviction, while […]
Google Engineers Quit After Secretive China Project Links Phone Number To Searches
Google Engineers Quit After Secretive China Project Links Phone Number To Searches A prototype of Google’s censored search engine for China links users’ searches to their personal phone numbers, “thus making it easier for the Chinese government to monitor people’s queries,” reports The Intercept. Photo: Alex Castro / The Verge The search engine, codenamed Dragonfly, revolves […]
Seth Klarman: These Are The 20 Forgotten Lessons From The 2008 Crisis
Seth Klarman: These Are The 20 Forgotten Lessons From The 2008 Crisis On the 10 year anniversary of the Lehman bankruptcy, a cottage industry of crisis experts, historical apologists, and generally freelance reminiscers (sic) had emerged, opining on what happened, what should have happened, what changed in the interim ten years, and what will happen […]
Turkish Banks Liquidate Gold In Currency Crisis Panic
Turkish Banks Liquidate Gold In Currency Crisis Panic At the peak of the Turkish currency crisis in mid-August, in addition to general concerns about the state of the local economy, one sector got hit especially hard: Turkish banks, which saw their bonds plunge amid growing concerns that the currency slump would makes it impossible for […]
Dramatic Footage Of Florence Devastation; 600K Without Power; Fatalities Reported
Dramatic Footage Of Florence Devastation; 600K Without Power; Fatalities Reported Shocking footage of devastation has begun rolling in after Hurricane Florence made landfall in Wrightsville Beach, North Carolina on Friday at approximately 7:30 a.m. as a category 1 storm. Two fatalities have been reported after a tree fell on a house in Wilmington, North Carolina, […]
Robert Shiller: Look For One Final Surge In Stocks Before The Crash
Robert Shiller: Look For One Final Surge In Stocks Before The Crash It seems like only yesterday that Robert Shiller, a Nobel-Prize winning economist (and esteemed member of the Yale School of Management’s faculty), was telling anybody who would listen that the US equity market was headed for a vertigo-inducing correction. But with stocks once […]
Florence Makes Landfall Near Wilmington; 10-Foot Storm Surge, “Major Structural Damage” Reported
Florence Makes Landfall Near Wilmington; 10-Foot Storm Surge, “Major Structural Damage” Reported Update (7:30 am ET): Florence has officially made landfall near Wrightsville Beach, North Carolina. Here’s the most recent update from the NHC, which was issued shortly before the eye of the storm came ashore: View image on Twitter ✔ Hurricane #Florence 6 am […]
Tepper: Trump’s China Tariffs Could Trigger A 20% Pullback In US Stocks
Tepper: Trump’s China Tariffs Could Trigger A 20% Pullback In US Stocks David Tepper was probably riding high after his Carolina Panthers bested the Dallas Cowboys in Sunday’s NFL season opener until Thursday afternoon, when he was forced to reckon with the fact that he’s been underweight US equities since he predicted back in April […]
“The World Is Sleepwalking Into A Financial Crisis”: Former UK PM Gordon Brown
“The World Is Sleepwalking Into A Financial Crisis”: Former UK PM Gordon Brown Former British Prime Minister Gordon Brown warned that a leaderless world is sleepwalking towards a repeat of its near meltdown of the last significant financial crisis a decade ago. Britain’s former prime minister – during the period when the collapse of Lehman […]
Pot Stocks Tumble On Report Of Possible Lifetime Travel Ban For Toking Canadians
Pot Stocks Tumble On Report Of Possible Lifetime Travel Ban For Toking Canadians Update: And just like that, marijuana stocks are careening lower after hours, following Politico report that all Canadians, especially those working in the pot sector, risk lifetime travel bans to the US, according to a senior official overseeing US border operations. Here’s exactly how it […]
Albert Edwards: Why We Are Destined To Repeat The Mistakes Of The Past
Albert Edwards: Why We Are Destined To Repeat The Mistakes Of The Past With everyone and their grandmother opining on the 10 year anniversary of the start of the global financial crisis, it was inevitable that the strategist who predicted the great crash (and according to some has been doing the same for the past […]
“Even Rescuers Can’t Stay”: Deadly Rain, Storm Surges Expected Even As Florence Weakens To Cat 2
“Even Rescuers Can’t Stay”: Deadly Rain, Storm Surges Expected Even As Florence Weakens To Cat 2 With roughly 24 hours remaining until Hurricane Florence makes landfall in southeastern North Carolina, the storm has reportedly weakened to a Category 2 Hurricane. But meteorologists warn that this isn’t any reason for comfort: Because while the storm’s winds […]
