Submitted by Tyler Durden on 03/04/2016 - 18:20
This is the email that David Little, Chairman and CEO of Houston-based DXP Enterprises sent to his employees to explain why, "due to bank obligations and to continue a positive cash flow profile" the company has to freeze 401(k), why it is cutting pay in some cases as much as 60% and why many employees are about to lose their jobs in the middle of what is an "oil and gas depression." It is a disturbing read.
Submitted by Tyler Durden on 03/04/2016 - 17:20
Submitted by Tyler Durden on 03/04/2016 - 22:25 "Realistically, Assad is not going to be overthrown. This becomes more clear with every day that passes. Western analysts have been indulging in wishful thinking for 5 years; it’s time to get real, we owe it to the Syrian people to be much more realistic and hard headed about this. The West has to stop propping up the so-called 'moderate opposition', which is not moderate at all."
Submitted by Tyler Durden on 03/04/2016 - 21:15 Many people of mature years are amazed at how many young people have voted for Senator Bernie Sanders, and are enthusiastic about the socialism he preaches. Many of those older people have lived long enough to have seen socialism fail, time and again, in countries around the world. But, most of the young have missed all that, and their dumbed-down education is far more likely to present the inspiring rhetoric of socialism than to present its dismal track record.
Submitted by Tyler Durden on 03/04/2016 - 20:37
Submitted by Tyler Durden on 03/04/2016 - 20:30 The rise of Donald Trump (and similar iconoclasts in other countries) is due to the gradual division of society into the protected - that is, people who make the rules and therefore benefit from them - and the unprotected, who don’t make the rules and end up getting screwed. The latter have finally figured this out and have stopped supporting the former.
Submitted by Tyler Durden on 03/04/2016 - 20:05 "The reason that we’re still here, when we really should have fallen apart based on how much debt there was out there, and various other measures of instability, is that a printing press has turned out to be a great tool for fooling people...but in the longer term gold is a beneficiary of the instability that necessarily flows from borrowing too much money"
Submitted by Tyler Durden on 03/04/2016 - 19:28 Recently, for example, the markets took a tumble when the Fed moved to normalize monetary policy. The US central bank responded by delaying the normalization process, which stabilized the markets, but eventually fears of falling behind the curve on inflation will force it to resume the process. That will lead to renewed market turmoil in a cycle that has the potential to repeat itself endlessly.
Submitted by Tyler Durden on 03/04/2016 - 18:55 While Christianity remains the largest religion in all 50 states, Islam, Judaism, and Buddhism are on the rise across the nation.
Submitted by Tyler Durden on 03/04/2016 - 17:45 If Republican leaders wish to be regarded as moral, every one of them must renounce Trump, even if it means destroying their party, exclaims The Washington Post. That the Beltway elites, whose voice is the Post, hate and fear Trump is not only undeniable, it is understandable. Come the ides of March, the GOP is going to be in need of its uniters and its statesmen. But today, all Republicans should ask themselves: Are these folks coming out in droves to vote Republican really the bigoted, hateful and authoritarian people of the Post’s depiction?
In a debate which took place in the House of Lords on the Modern Slavery Bill (in February, 2015), Lord Blackheath made a startling revelation. He tells his fellow peers that whilst working for the Australian Civil Service in London, he was tasked with herding, as he puts it, small children on to boats at Tilbury, for transportation to Australia. Blackheath says:
“They did not have names; they did not know who their parents were, or where they came from, and they were completely terrified.”
He recounts that at the time, he was “deeply suspicious” of this practice, and had a strong feeling that the children did not have the proper permissions to travel. Since then, he has been likened to Jimmy Savile, although to his credit, he does say his rap sheet is worse. Savile was responsible for abusing 300 children – Blackheath facilitated the abuse of 2,500 vulnerable minors, none of whom knew where their parents were, or what was happening to them. They were completely alone in the world. And yet Blackheath, with his strong suspicions, which included the belief that what he was being asked to do to those children was in fact illegal, chose to keep quiet.
The accompanying post, “Cancer, Parkinson’s, Alzheimer’s are Metabolic Diseases” features a series of talks by pioneers in the field of energy metabolism and the associated pathologies arising from its dysfunction. Their research and discoveries are leading to a “backdoor” revolution in treatments for diseases that, so far have thwarted the modern western medical establishment. In this post we’ll look at the obstacles that slow such progress.
“Thomas Kuhn pointed out that even very careful scientists take in the world through a lens of prior concepts, or engage in “theory-laden observation.” Science is driven by ideas to start with, and our engagement with the world is based on this active lens of ideas. Sometimes we do change our conceptual filters [a “paradigm shift”].” – David Kaiser on the legacy of Thomas KuhnRead More
In early 2009, if you bought biotech stocks, you would have made over 400% when the sector peaked in 2015. What was going on in early 2009 that would have clued you in that biotech stocks were going to be a good bet?
Barack Obama. That’s right: Barack Obama was inaugurated president of the United States in January 2009.
Sophisticated investors like me track presidential campaigns to see if a candidate might favor a group of stocks.
It wasn’t any great surprise to find that once Obama’s administration was good for biotech stocks.
The first two months of 2016 are in the books, and it’s been a painful period for investors.
At the close of business on Feb. 29, the Dow was down 908 points for the year, losing 5.2% of its value. But even this decline was a vast improvement compared to the 1,974 points (or 11.3% decline) the Dow lost in the first three weeks of January.
With such a volatile and challenging period, investors would have been wise to enlist the help of a professional, right? After all, who better to navigate the minefield of market risk than the institutional investors with all of their ivy league analysts and MIT computer models?
The EPA has come under fire for the revelation that months before the massive lead poisoning of Flint’s water supply became public, an EPA employee had notified his superiors of the problem. Instead of warning the people of Flint, however, the EPA privately communicated with Michigan’s Department of Environmental Quality to get them to solve the problem.
“There was nothing mandatory under the law to alert people,” said Jennifer Chavez, an attorney for Earthjustice who focuses on lead regulation. “It just would have been the right thing to do.”
“I would say there is just a longstanding pattern of minimizing the risks from lead in drinking water at EPA,” she said.
A frequent mistake that many people make when considering the concept of social or economic collapse is to imagine how people and groups will behave tomorrow based on how people behave today. It is, though, extremely difficult to predict human behavior in the face of terminal chaos. What we might expect, or what Hollywood fantasy might showcase for entertainment purposes, may not be what actually happens when society breaks down.
It is also important to note that social and economic destabilization is usually a process, not an immediate event. This actually works in the favor of liberty activists and the preparedness minded. As a system moves through the stages of a breakdown, certain signals in the psychology of the population can be observed, and this gives us a warning as to how far down the rabbit hole we have actually gone.
Perhaps the most unusual feature of the Sandy Hook story is the large number of photographs that have been released in order to document the story. It is as if there is no event without the proof supplied by the photographs. This is unusual. When, for example, the FBI murdered approximately 100 men, women and children in the Branch Davidian compound in Waco, Texas, the reality of the victims did not have to be established with a large number of photos establishing that the victims were real people with real families. When workers “go postal” and shoot their coworkers, photos are not used to prove that those killed were real people with real families. When an airplane crashes, the event does not have to be verified with news coverage of grieving relatives.
Yet photos are a defining characteristic of Sandy Hook. It is almost like the photos are the event.