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Zero Hedge 08/08/2020 16:30
Kodak Government Deal On Verge Of Collapse: DFC Says "Recent Allegations Of Wrongdoing Raise Serious Concerns". Sat, 08/08/2020 - 16:30. Ever since Reuters , Jim Continenza, some 1.75 million options (in what appears to be less than an "arms-length deal" and as the result of what was called an " understanding" with the Board of Directors), just one day before the infamous $765 million loan from the government was announced on July 28, which was meant to transform the one-time photography titan (since bankrupt) into a China supply-chain alternative to produce pharmaceutical products in Rochester and at the company's facility in St. Paul, Minnesota, and which sent its stock price from $2 to $60 in two days.... ...
Zero Hedge 08/08/2020 16:00
TikTok Plans To Sue White House Over 'National Security' Ban. Sat, 08/08/2020 - 16:00. , the closest thing we have to a CCP mouthpiece in the US, has gotten a rare scoop: TikTok owner ByteDance is planning to sue the Trump Administration by mid-September. The lawsuit, which will be filed in an American court (the Southern District of California, to be exact), alleges that Trump's executive order is unconstitutional because it didn't allow TikTok enough time to respond, while also alleging that Trump's claims that TikTok is a "national security threat" are "baseless". TikTok is planning to sue the Trump administration, challenging the president's executive order banning the service from the United States. The video-sharing app hugely popular w.
Zero Hedge 08/08/2020 15:30
3 Reasons Treasury Rates Can Still Hit 0%: Part III, The Death Of Growth. Sat, 08/08/2020 - 15:30. Deflation remains a more credible risk, not inflation. The output gap suggests core inflation could sink below 0.5% in the coming years. FX hedged Treasury yields remain higher than yields at home. This will increase foreign appetite for US rates. From a longer-term secular standpoint, economic growth will fall into a new regime, sub 2%, which will weigh on bond yields. Further stimulus from the fiscal side will delay the full extent of the deflationary output gap but will not change the end result in the final analysis. As part of your balanced portfolio, long-term Treasury bonds are still a valuable holding as the path to 0% remains a probable.
Zero Hedge 08/08/2020 15:00
"Within Days I Was Able To Breathe": NYC Democratic Councilman Says Hydroxychloroquine Saved His Life. Sat, 08/08/2020 - 15:00. An immunocompromised New York City Councilman who underplayed the severity of his COVID-19 diagnosis in April now says that it was actually much worse, and hydroxychloroquine saved his life . Paul Vallone, a Democrat who represents Queens, says he took the drug along with a 'Z-pack' antibiotic and drastically improved within days . " I couldn’t breathe, very weak, couldn’t get out of bed .
Zero Hedge 08/08/2020 14:30
Gordon: "We're Heading To Complete Financial, Moral, & Political Collapse". Sat, 08/08/2020 - 14:30. This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its . But we can’t recall ever seeing it. The note reads as follows:. “The Federal Reserve’s balance sheet has expanded and contracted over time. During the 2007-08 financial crisis and subsequent recession, total assets increased significantly from $870 billion in August 2007 to $4.5 trillion in early 2015. Then, reflecting the FOMC’s balance sheet normalization program that took place between October 2017 and August 2019, total assets declined to under $3.8 trillion. Beginning in.
Zero Hedge 08/08/2020 13:40
US Intelligence: If Trump Wins Russia Did It, If Biden Wins It Was China And Iran. Sat, 08/08/2020 - 13:40. Back in April “China’s gonna be so surprised when it finds out it interfered in the November election.”Now three months ahead of schedule China is already getting its surprise, alongside fellow unabsorbed governments Iran and Russia. U.S. intelligence agencies say China and Iran are working to sway voters against Trump while Russia is working against Biden. — Bloomberg (@business). Mass media throughout the western world are uncritically passing along a press release from the US intelligence community, because that’s what passes for journalism in a world where God is dead and everything is stupid. , from the Office of the Director of Nat.
Zero Hedge 08/08/2020 13:15
"Huge Increase" - Americans Renouncing Citizenship Surges To Record Level. Sat, 08/08/2020 - 13:15. Readers may recall, for almost a decade, we have tracked a troubling trend of more and more Americans renouncing their citizenship. Now, amid a virus-pandemic, crashed economy, months of social unrest, and depressionary unemployment levels, that number has surged to a record high. notes 5,816 Americans renounced their citizenship in 1H20, a 1,210% increase over the prior six months ending in December 2019. In all of 2019, about 2,072 Americans gave up their citizenship. "It seems that the pandemic has motivated U.S. ex-pats to cut ties and avoid the current political climate and onerous tax reporting," said the New York-based accounting firm sp.
Zero Hedge 08/08/2020 12:50
2020's Economic Depression Is Becoming An Endless Nightmare For Millions Of Americans. Sat, 08/08/2020 - 12:50. You may have noticed that a lot of people get offended by what I write. It is not something that I am purposely setting out to do, and I actually endeavor to get along with everyone as much as I can. But it is undeniable that my articles about our ongoing economic collapse directly contradict a lot of the narratives that are constantly being pushed by the mainstream media and many of our political, business and religious leaders. There are so many people out there that want to believe that the future is going to be exceedingly bright, and even though 2020 has been a horrific economic catastrophe so far, there are a lot of optimists
Zero Hedge 08/08/2020 12:00
Fed Wants Inflation But Their Actions Are Deflationary. Sat, 08/08/2020 - 12:00. A recent states the Fed will make a major commitment to ramping up inflation. How is this different than the past decade of promises for higher inflation? More importantly, while the Fed may want inflation, their very actions continue to be deflationary. The Fed Has A Plan. “In the next few months, the Federal Reserve will be solidifying a policy outline that would commit it to low rates for years as it pursues an agenda of higher inflation and a return to the full employment picture that vanished as the coronavirus pandemic hit. Recent statements from Fed officials and analysis from market veterans and economists point to a move to “average inflation” targeting i.
Zero Hedge 08/08/2020 11:33
Florida Cases, Fatalities Bounce Back After Hurricane As US Deaths Top 160,000: Live Upates. Sat, 08/08/2020 - 11:33. Summary:. US deaths top 160k. Florida reports another 187 deaths, cases climb. NY cases top 700. Hong Kong cases top 4,000. Germany "R" rate hits highest in 10 days. Denmark says may asks citizens to wear masks more frequently. * * *. It's official: The US has passed 160,000 confirmed deaths, according to figures reported by state health authorities and catalogued by Bloomberg, Johns Hopkins and other data providers.
Zero Hedge 08/08/2020 10:30
Berkshire Bounces Back From Record Loss, But Shares Still Lag Despite Buffett's $5.1BN Buyback Surprise. Sat, 08/08/2020 - 10:30. Was DDTG founder Dave Portnoy on to something when he suggested earlier this year that Warren Buffett, the "Oracle of Omaha",. Berkshire's Q2 earnings certainly don't make a strong case to the contrary. Released on Saturday morning (as per tradition), Berkshire reported that it spent a record $5.1 billion of the proceeds from cashing out its airline stocks, and others, during the March selloff buying back its own shares.
Zero Hedge 08/08/2020 10:20
House Ethics Committee Finds Rashida Tlaib Violated Campaign Finance Rules. Sat, 08/08/2020 - 10:20. The House Ethics Committee found Rep. (D-Mich.), a member of the so-called "Squad," violated campaign finance rules by receiving a campaign salary after she was no longer a candidate . The House Ethics Committee ordered her to pay $10,800 she drew as a salary from campaign funds after she won in 2018, ending a yearlong investigation.
Zero Hedge 08/08/2020 09:55
"It's Very Apocalyptic": Workers Return To Untouched Office 'Time-Capsules' 4 Months After Locking-Down. Sat, 08/08/2020 - 09:55. In many ways, lockdowns and quarantines have become "the new normal". Which is why it's eerie to return back to offices several months after they were abandoned for a glimpse as to what life was like prior to the pandemic. Kevin Dorse, a communications professional in Ottawa, told : “It was like opening the lamest time capsule imaginable.”Offices were scattered with winter clothes, expired food products, calendars on the month of March and newspapers proclaiming "the worst stock market crash in decades," the article notes. As we know now, things have changed wildly since then - well, at least for the stock market.
Zero Hedge 08/08/2020 09:20
Bullion Banks Have "No Way Out" From Big Gold Shorts. Sat, 08/08/2020 - 09:20. There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on the bullion banks. Unallocated gold account holders with LBMA member banks will shortly discover that that market is trading on vapour. According to the Bank for International Settlements, at the end of last year LBMA gold positions, the vast majority being unallocated, totalled $512bn — the London Mythical Bullion Market is a more appropriate description for the surprise to come. An awful lot of gold bulls are going to be disappointed when
Zero Hedge 08/08/2020 08:45
Are Airlines About To Get New Social Distancing Seats? This Startup Thinks So. Sat, 08/08/2020 - 08:45. A startup company by the name has designed a "social distancing compliant seat for airlines.". The company launched a funding round on Republic Note, offering accredited investors under Rule 506© to buy into the dream of revolutionizing airline seating for a post-virus world. So far, the startup has raised $266,000 out of its $1,070,000 top goal. The seats are easily retrofittable into Boeing and Airbus commercial aircraft will also increase ancillary revenue for airlines by at least 30%. The startup said there's a significant problem with airline seats. They haven't changed in nearly five decades. All Economy Class seats are fixed upright a.
Zero Hedge 08/08/2020 08:10
World's Top Epidemiologists - Masks Don't Work! Sat, 08/08/2020 - 08:10. Denmark boasts one of the lowest COVID-19 death rates in the world. As of August 4, the Danes have suffered 616 COVID-19 deaths, figures from Johns Hopkins University. That’s less in a given year. Despite this success, Danish leaders recently found themselves on the defensive. The reason is that Danes aren’t wearing face masks, and local authorities for the most part aren’t even recommending them. This prompted Berlingske , the country’s oldest newspaper, to complain that Danes had positioned themselves “to the right of Trump.”“The whole world is wearing face masks, even Donald Trump,” Berlingske . This apparently did not sit well with Danish health officials. From lef.

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