A European army is exactly what the EU and UK needs Whether or not Donald Trump wins the US presidency, American sentiment is for the Europeans to do much more to help themselves ... Under Nato Euope’s defences remain incomplete and necessitate US involvement - UK IndependentGeorge Orwell's 1984 is coming to pass.It is not enough that the US has faux face-offs with Russia and China. Now...Read More
A European army is exactly what the EU and UK needs Whether or not Donald Trump wins the US presidency, American sentiment is for the Europeans to do much more to help themselves ... Under Nato Euope’s defences remain incomplete and necessitate US involvement - UK IndependentGeorge Orwell's 1984 is coming to pass.It is not enough that the US has faux face-offs with Russia and China. Now...Read More
Gold on Track for Eighth Losing Session U.S. GDP data revision seen bolstering case for interest-rate increase ... Gold prices edged lower Friday, on pace for an eighth straight losing session, amid mounting evidence of improving economic growth in the U.S. that would strengthen the case for an interest-rate increase. -Wall Street JournalGold went up by 16 percent in the first quarter of 2016 an...Read More
After almost a century of making cars and selling them in more or less the same way, automakers (and others) are getting the sense that the business of automotive transportation might be about to change radically. Here's Toyota executive Shigeki Tomoyama on the Uber deal: "Ridesharing has huge potential in terms of shaping the future of mobility." – BloombergSoon it may become much more d...Read More
Katie Couric Regrets 'Poor Decision' to Insert Pause in Gun Documentary Interview ... Katie Couric is upset that an eight-second pause inserted into an interview she did with gun rights activists in the documentary "Under the Gun" has drawn criticism. – TheWrapYahoo’s Katie Couric has just released an anti-gun documentary with a manufactured pause that mocks pro-gun interviewees. Thi...Read More
Gold on Track for Eighth Losing Session U.S. GDP data revision seen bolstering case for interest-rate increase ... Gold prices edged lower Friday, on pace for an eighth straight losing session, amid mounting evidence of improving economic growth in the U.S. that would strengthen the case for an interest-rate increase. -Wall Street JournalGold went up by 16 percent in the first quarter of 2016 an...Read More
After almost a century of making cars and selling them in more or less the same way, automakers (and others) are getting the sense that the business of automotive transportation might be about to change radically. Here's Toyota executive Shigeki Tomoyama on the Uber deal: "Ridesharing has huge potential in terms of shaping the future of mobility." – BloombergSoon it may become much more d...Read More
Katie Couric Regrets 'Poor Decision' to Insert Pause in Gun Documentary Interview ... Katie Couric is upset that an eight-second pause inserted into an interview she did with gun rights activists in the documentary "Under the Gun" has drawn criticism. – TheWrapYahoo’s Katie Couric has just released an anti-gun documentary with a manufactured pause that mocks pro-gun interviewees. Thi...Read More
WikiLeaks releases latest documents from TISA negotiations ... The classified annex to the draft “core text” of the Trade in Services Agreement is part of what is being secretly negotiated by the U.S., EU and 22 countries. The website WikiLeaks released on Wednesday classified documents from the Trade in Services Agreement, or TISA, which is a huge trade agreement being negotiated in...Read More
The Fed’s Amazing Self-Fulfilling Forecast ... The Federal Reserve's track record of economic forecasting is a lot better than many observers recognize. It might also offer some insight into the central bank's approach to managing the recovery. -BloombergThis Bloomberg article makes the point that the Federal Reserve is competent.Worrisomely, such articles tend to appear at the top of the...Read More
WikiLeaks releases latest documents from TISA negotiations ... The classified annex to the draft “core text” of the Trade in Services Agreement is part of what is being secretly negotiated by the U.S., EU and 22 countries. The website WikiLeaks released on Wednesday classified documents from the Trade in Services Agreement, or TISA, which is a huge trade agreement being negotiated in...Read More
The Fed’s Amazing Self-Fulfilling Forecast ... The Federal Reserve's track record of economic forecasting is a lot better than many observers recognize. It might also offer some insight into the central bank's approach to managing the recovery. -BloombergThis Bloomberg article makes the point that the Federal Reserve is competent.Worrisomely, such articles tend to appear at the top of the...Read More
Russia has no plans to deliver US astronauts to ISS after 2018 - US wants ISS program extended through to 2024 - Russia has no intention of concluding more contracts for delivering US astronauts to the International Space Station after 2018, the deputy chief of the state-run corporation Roscosmos, Sergey Saveliev, has told the media.Maybe the Russians don't want to participate anymore because NA...Read More
No One Hates the IRS More Than House Republicans ... Pity John Koskinen, who agreed to take one of the worst jobs in America and is now being punished for it. In 2013, President Barack Obama asked Koskinen to take over at the Internal Revenue Service amid budgetary chaos, deteriorating morale and a simmering scandal. House Republicans are now trying to impeach him. – BloombergWe don't pi...Read More
Russia has no plans to deliver US astronauts to ISS after 2018 - US wants ISS program extended through to 2024 - Russia has no intention of concluding more contracts for delivering US astronauts to the International Space Station after 2018, the deputy chief of the state-run corporation Roscosmos, Sergey Saveliev, has told the media.Maybe the Russians don't want to participate anymore because NA...Read More
No One Hates the IRS More Than House Republicans ... Pity John Koskinen, who agreed to take one of the worst jobs in America and is now being punished for it. In 2013, President Barack Obama asked Koskinen to take over at the Internal Revenue Service amid budgetary chaos, deteriorating morale and a simmering scandal. House Republicans are now trying to impeach him. – BloombergWe don't pi...Read More
The Awakening Will Continue Regardless of This Year's Election ... Every four years the public gets all riled up over the outcome of the presidential election, projecting all their expectations and visions for a better tomorrow on to a candidate in the hopes that they will swoop in and save the day. However, the reality is that the outcome of the presidential election has little to no effect on th...Read More
Four Ways to Think About the Economy ... I see four different schools of thought about how the economies of the U.S. and much of the developed world should be managed. The challenge for the Federal Reserve and other central bankers is that it’s hard to know who’s right. -BloombergThe author of this article proposes a series of unique, economic "schools."The first, he says, are "neutral...Read More
Curry house owner jailed for six years after customer dies from nut allergy ... Paul Wilson’s parents Margaret and Keith said he loved curry but was always clear with staff about his allergy, asking for his meals not to contain any peanuts ... Businesses have been warned to take allergies seriously after a restaurateur was imprisoned for six years for killing a customer by selling him a curr...Read More
Obama is visiting Japan to meet with world economic leaders this week, and he plans to stop at Hiroshima Peace Memorial Park and deliver remarks about war and nuclear proliferation. The visit, preceded by similar visits by U.S. Ambassador Caroline Kennedy and Secretary of State John Kerry, is controversial ... -LA TimesThree top politicians from the US have recently visited Hiroshima. Obama's u...Read More