Month: May 2018

zerohedge May 31, 2018

Authored by Zachary Petrizzo via Campus Reform, Marquette University has elaborated on its guidance urging students to “drop the ‘i-word’” when referring to illegal immigrants, saying the term “illegal” violates a cherished legal principle. As Campus Reform recently reported, a page on Marquette’s Diversity and Inclusion website admonishes students to use terms like “undocumented” or “unauthorized” because […]

zerohedge May 31, 2018

For Europe’s establishment, it’s out of the frying pan and into the fire. Just when Brussels thought it had avoided a potential firestorm by forcing President Mattarella to veto the prior finmin appointee, preventing prominent euroskeptic Paolo Savona from becoming Italy’s next finance minister, and instead in the latest proposed government, the finance minister would […]

klee24.de May 31, 2018

Earlier this month, the Bank of England released a working paper that describes three different central bank digital currency (CBDC) models, providing an outline of how it would operate in the banking industry, as well as possible scenarios of risk and financial stability issues. The three outlines construct models depending on the sectors with access […]

zerohedge May 31, 2018

In a new TV ratings report published Wednesday by Nielsen Media Research, Fox News Channel continues to reign supreme in the cable news wars, while CNN’s primetime audience has collapsed by a shocking 25%. ” Fox News extended its run of consecutive months at number one to a staggering 197, while building hitting another impressive milestone: […]

zerohedge May 31, 2018

Authored by Charles Hugh Smith via OfTwoMinds blog, Welcome to debt-serfdom, the only possible output of the soaring cost of living. Long-time readers may recall the Burrito Index, my real-world measure of inflation. The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016). The Burrito Index tracks the cost of a regular burrito since 2001. Since […]

zerohedge May 31, 2018

Confirming expectations, Wilbur Ross announced the steel, aluminum tariffs exemptions were lifted on EU, Mexico, and Canada. This prompted angry responses from the head of the EU bloc’s executive Jean-Claude Juncker who said that the European Union will impose counter measures immediately. “This is a bad day for world trade,” Juncker said in a speech […]

zerohedge May 31, 2018

A good summary of overnight events comes from UBS’ chief economist Paul Donovan who writes: We are not back to normal, but markets have reacquainted themselves with what normal might look like. Italian bond yields fell and the euro recovered yesterday. A consensus is forming that there will not be elections in Italy until September […]

zerohedge May 31, 2018

Authored by Daniel Lacalle via DLacalle.com, The populist coalition in Italy has presented an “economic” program and a threat to the European Union that makes Greece look like a walk in the park. Let us start with reality. Italy’s economic problems are self-inflicted, not due to the Euro. Italy has seen more governments since World […]