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zerohedge August 21, 2018

In a hideous reflection of China’s already-prevalent ‘Social Credit’ system – which is a rating assigned to each citizen based on government data regarding their economic and social status – The Washington Post reports that Facebook has begun to assign its users a reputation score, predicting their trustworthiness on a scale from zero to one. […]

zerohedge August 21, 2018

Submitted by Nicholas Colas of DataTrek Research Regular readers know that we consider used car prices an important, if overlooked, indicator of the true state of the US economy. More Americans buy used vehicles than new ones, making them a deeper measure of consumer sentiment. And since the supply of used cars and trucks is […]

zerohedge August 21, 2018

Microsoft revealed that at least two conservative think tanks and government sites used by Congressional staff were hacked last week as part of an alleged operation linked to Russian military intelligence.  Reuters reports based on on an early Tuesday morning Microsoft press release: The software giant said it thwarted the attempts last week by taking control of […]

zerohedge August 21, 2018

The dollar slumped for the fourth consecutive day on Tuesday and US Treasuries dropped, after President Trump criticized higher interest rates and the Fed’s rate hike policy, while slamming China and EU for currency manipulation. The DXY index dropped 0.35%, down 1.2% in the last four days – its worst such run since late March […]

zerohedge August 21, 2018

Authored by Will Hutton, op-ed via The Guardian, Life expectancy figures are going into reverse. But abandoning Brexit could save us Britain and America are in the midst of a barely reported public health crisis. They are experiencing not merely a slowdown in life expectancy, which in many other rich countries is continuing to lengthen, but the […]

zerohedge August 21, 2018

On Monday Iran’s oil minister Bijan Namdar Zanganeh confirmed the official withdrawal of France’s Total from its project in the South Pars gas field, a contract totaling $4.9 billion. The South Pars gas field is the world’s largest, and the announcement gives final confirmation to prior reporting of the deal’s imminent collapse due to the US reimposing sanctions […]

zerohedge August 21, 2018

Authored by Lars Hedegard via The Gatestone Institute, Here are some facts to consider before American “democratic socialists” look to Denmark for guidance, as Senator Bernie Sanders did during the 2016 presidential campaign. First of all, Danes actually pay for their brand of socialism through heavy taxation. In Denmark, everyone pays at least the 25% […]

zerohedge August 21, 2018

Authored by José Niño via The Mises Institute, Are cracks emerging in the Swedish welfare state? Leftist experts routinely praise the country for its generous welfare state, and cast shame on countries in the Anglo sphere, such as the United States, for not adopting Nordic style welfare systems. Although Scandinavian countries feature sizeable welfare states, […]