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Dramatic Drone Footage Shows Massive Kilauea Crater Collapse, Miles Of Lava Devastation
Dramatic Drone Footage Shows Massive Kilauea Crater Collapse, Miles Of Lava Devastation The number of homes destroyed in Hawaii’s Kilauea eruption has jumped to 117 from 87, according to Monday figures released by the Hawaii County Civil Defense. An estimated 20-40 homes were destroyed in Kapoho, while around a dozen people were trapped on the eastern tip […]
Central Banker Observes Sudden “Evaporation” Of Dollar Funding, Warns Of Global Turmoil
Central Banker Observes Sudden “Evaporation” Of Dollar Funding, Warns Of Global Turmoil Last October, just as the Fed started shrinking its balance sheet, we published yet another article on what is arguably the biggest threat to not only risk assets, but also the global economy: “The Dollar Funding Shortage: It Never Went Away And It’s […]
US Plans “Significantly More” South China Sea War-Drills To Counter China’s “New Reality”
US Plans “Significantly More” South China Sea War-Drills To Counter China’s “New Reality” After an exciting weekend of comments from U.S. Defense Secretary James Mattis and Chinese People’s Liberation Army Lieutenant General He Lei at the IISS Shangri-La Dialogue, a civilian and military defense summit in Singapore, it appears the United States had to have the last word. On Sunday, […]
Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day
Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day It all started on April 20, when having tweeted at and about virtually everything else, President Trump realized that surging oil and gasoline prices are wreaking havoc on his economic agenda and eating away at the benefits from his tax cuts, […]
In Latest Privacy Scandal, Facebook Gave Apple, Amazon And Others Unprecedented Access To User Data
In Latest Privacy Scandal, Facebook Gave Apple, Amazon And Others Unprecedented Access To User Data Facebook has been giving user data to at least 60 major device manufacturers over the last decade – including Apple, Amazon, BlackBerry, Microsoft and Samsung – as part of a data-sharing partnership program which allowed the companies to integrate various features such as […]
“Unacceptable”: China Blasts Mattis For “Irresponsible Comments” About South China Sea Islands
“Unacceptable”: China Blasts Mattis For “Irresponsible Comments” About South China Sea Islands A Chinese general on Saturday defended Beijing’s military build-up in the South China Sea, blasting the “irresponsible comments” made by U.S. Defense Secretary James Mattis, who on Saturday accused Beijing of threatening its neighbors in the heavily disputed waters and warned China of “consequences” […]
Goldman: If Trump Wants To Win A Trade War, The Market Has To Crash
Goldman: If Trump Wants To Win A Trade War, The Market Has To Crash Now that the Trump global trade war ceasefire is over with both allies (Canada, EU, Mexico) and adversaries (China), the hot takes are coming in, and none more exhaustive than a note by Goldman Sachs released overnight, in which economist Alec […]
“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs
“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs In a scathing editorial warning Trump to back off on his latest tariff threat, on Sunday China said that any trade deals between the US and China, and any progress and commitments made so far in bilateral negotiations would […]
Mattis Warns Of “Consequences” If Beijing Continues Weaponizing The South China Sea
Mattis Warns Of “Consequences” If Beijing Continues Weaponizing The South China Sea The United States and China appear to be headed for a military collision in the Southeast Asia region, as Washington warns of a more powerful military response to the increased weaponization of the heavily disputed islands in the South China Sea. Speaking at […]
“Just Days Left” To Avoid Trade War France Says, As G-7 Condemn Trump
“Just Days Left” To Avoid Trade War France Says, As G-7 Condemn Trump With Trump refusing to back down and slapping Section 232 tariffs on steel and aluminum imports from the EU, Canada and Mexico, which were enacted at midnight on June 1, the G-7 meeting taking place in Whistler, also known as Canada’s Davos, […]
Wicked Weather: Midwest Jumps From Coldest April To Hottest May On Record
Wicked Weather: Midwest Jumps From Coldest April To Hottest May On Record “After an incredibly chilly April, May rebounded significantly, featuring record heat late in the month across the Midwest and while not official yet, May could go down as the warmest May on record nationally thanks to this late-month heat surge. A plethora or […]
Spanish Prime Minister Rajoy Ousted From Power; Sanchez Is New Socialist Prime Minister
Spanish Prime Minister Rajoy Ousted From Power; Sanchez Is New Socialist Prime Minister As was widely expected, this morning Mariano Rajoy’s six year reign as Spain’s prime minister, ended when he become the first prime minister in Spain’s democratic history to be ousted by parliament after losing a vote of no-confidence amid a corruption scandal […]
Mattis: US Will Confront China With “Steady Drumbeat” Of Amerian Ships Over Weaponized Islands
Mattis: US Will Confront China With “Steady Drumbeat” Of Amerian Ships Over Weaponized Islands U.S. Secretary of Defense Jim Mattis vowed on Tuesday that American ships will continue to confront China over its militarization of man-made islands in the South China Sea, where Beijing has established an extensive military presence despite its promise not to do […]
Global Markets Descend Into Contagious Panic As Italy Implodes
Global Markets Descend Into Contagious Panic As Italy Implodes Commenting on today’s sheer market chaos as the US and UK return from holiday, Bloomberg writes that “fixed-income markets have descended into panic amid mounting concern over the risk of Italy leaving the euro or leading to its break-up” and while Italy is suffering the biggest […]
