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Zero Hedge 09/12/2019 17:30
4,500 US Truckers Lose Their Jobs In August Amid Freight Recession. The US trucking industry had a blockbuster year in 2018, as high demand for freight allowed transportation companies to expand fleets. But since freight demand was artificial, sparked by importers pulling forward to get ahead of tariffs, the good times were destined to end and end rather sharply. According to new data from the Bureau of Labor Statistics (BLS), the boom in trucking jobs could be over. More than 4,500 truckers lost their jobs in July and August as the freight industry continued trending lower. This was the first time the BLS slashed trucking jobs since March when about 1,200 were laid off. The latest cut was the biggest since April 2018, when about 5,500 truck.
Zero Hedge 09/12/2019 15:50
US Forces Accused Of "Indiscriminate Attacks" On Civilians In Syria: UN Report. A new report out Wednesday from United Nations investigators says that U.S. forces may have committed war crimes in Syria . Released by the Independent International Commission of Inquiry on the Syrian Arab Republic, the report catalogs how the eight-year conflict "continues to torment civilians who bear the brunt of hostilities," as operations carried out by the U.S.-led international coalition, militants, and Russia-backed pro-government forces have left essential infrastructure obliterated, civilians killed, maimed, and uprooted, and communities in "near complete destruction.".
Zero Hedge 09/11/2019 22:25
How 5G Will Change Your Life. As Saxo Bank's Peter Garnry recaps yesterday's Apple event, the company introduced its iPhone 11 which now comes in three different versions with cheapest version selling for $699 which a price cut aimed to lure smartphone buyers back into Apple’s realm (at the expense of a drop in Apple's ASP).
Zero Hedge 09/11/2019 15:55
Outrage As Chinese Media Uses 9/11 Image To Warn HK Protesters Plotting Carnage. As the United States and parts of the rest of the globe pause to remember the tragic September 11 terror attacks and nearly 3,000 Americans who lost their lives, China has used the occasion for crude and cheap propaganda purposes. Astoundingly on Wednesday the Hong Kong edition of state-owned China Daily newspaper published a Facebook post featuring an archival image of the attack on the Twin Towers while "warning" the public that "massive terror attacks" were being planned by anti-Beijing Hong Kong protesters . The post warned attacks were imminent and included sabotage operations such as setting fires and bombing gas pipelines , as well as of targeted attacks
Zero Hedge 09/03/2019 23:30
Donald Trump has recently ordered US corporations to move production out of China and into the US. Easier said than done!—or, rather, undone. Moving production to China (and, in case of IT, to India) allowed US corporations to benefit from the large wage differential and an easier regulatory environment in order to be more profitable. They spent these excess profits by buying back their own stock, paying generous dividends to their shareholders and using their artificially inflated stock prices to justify exorbitant executive salaries and bonuses. Along the way, they impoverished American workers by depriving them of gainful deployment, eroded the skill base of the American population and, perhaps most importantly, destroyed demand for thei.
Zero Hedge 09/02/2019 14:35
Labor Day, that one day a year that ostensibly honors the contribution of labor in America, is upon us. Don’t buy the hype. Labor Day is nothing more than the US government’s way of co-opting the holy celebration of May Day – and it’s time we took it back. A Most Woke History. Originally established back in Rome by the Democratic Socialists of Aphrodite, the ancient Maiouma (so named in the olden days because it was celebrated in the month of May-Artemisios) was a nocturnal dramatic festival held every three years in which followers of Aphrodite and Dionysus partook of strikes, protests, and drunken orgies in celebration of free love, free money, and free time as taught by the most enlightened gods of any pantheon. Those progressives of yore.
Zero Hedge 08/28/2019 17:33
The last time the US was seriously considering issuing ultra-long dated bonds - those with a maturity of 50 and 100 years - was back in late 2016 and early 2017, when yields were near the record lows hit in recent days. As we reported back in , shortly after Steven Mnuchin was confirmed as US Treasury Secretary, the former Goldman banker proceeded to roil the bond market when he told CNBC he would look at extending the maturity of future Treasury issuance, hinting at 50 and 100 Year bonds, which promptly sent long-term US bond yields surging by the most since the turmoil following Trump’s election victory. "I think interest rates are going to stay relatively low for the next couple of years." Mnuchin told CNBC. “We’ll look at potentially ex.
Zero Hedge 08/28/2019 14:12
Bitcoin is falling back towards $10k... Source: Bloomberg. But it is the rest of the crypto-space that is really getting hit hard... Source: Bloomberg. Interestingly this sudden plunge occurs that the pro-democracy, anti-government protest movement in is spurring wider adoption of cryptocurrencies such as Bitcoin . Yahoo! Finance on Aug. 28 that the political upheaval in the city — which has now entered its 12th week — is prompting several local businesses and individuals to switch to using non-sovereign and decentralized digital currencies. Apolitical, borderless money for the pro-democracy movement. On Aug. 26, Hong Kong department store Pricerite it would begin accepting Bitcoin, Litecoin () and Ether () at its fourteen locations in Hong Ko.
Zero Hedge 08/07/2019 14:10
Weirdo counterintelligence guy seems to be feeding alt-right with conspiracy theories. In another bizarre performance on NBC news programming, former FBI Assistant Director for Counterterrorism Frank Figliuzzi claimed that President Trump may have ordered flags flown at half staff not to honor the victims of the Dayton and El Paso shootings, but rather to celebrate Adolf Hitler. Figliuzzi explained the reasoning behind his conspiracy theory, claiming that the date the flag is to be at half staff until, August 8 (8/8), is a neo-nazi calling sign because the eighth letter of the alphabet is H, which stands for Hitler, and 8/8 means ‘Heil Hitler.’Yes, somehow it is even a white supremacist act now to have flags flying at half-staff in honor of.
Zero Hedge 08/07/2019 07:46
There is just one way to describe the plunge in bond yields overnight and the event behind it: the global race to the currency bottom is now rapidly accelerating in its final lap. The main event, of course, was the latest yuan fixing with the PBOC showing a clear sense of humor when it set the currency at 6.9996, 7 (for at least another 24 hours that is), but just a fraction of a percent away from the critical threshold, and weaker than the 6.9977 expected.
Zero Hedge 08/02/2019 22:25
Australia's construction slump is taking its toll on the major companies in the industry with one of the nation's largest developers, Ralan Group, forced into voluntary administration, according to . The developer has frozen billions in apartment projects, and has debts of about $500 million to its creditors. Cement manufacturers, like Adelaide Brighton, have also felt the pain. Adelaide Brighton recently suspended its interim dividend after downgrading its profit forecast, sending its shares down 18.3% in recent trading. Similar Australian companies like Boral and CSR also saw their stocks plunge 7.8% and 6.1%, respectively, as a result. This happened one day after building approvals plunged 25.6%. Ralan Group's administrators, Grant Thorn.
Zero Hedge 07/31/2019 11:45
Submitted by Nicholas Colas of. Markets want to hear something very specific from the FOMC and Chair Powell: that the Fed will cut rates today, again in September, and maybe once more at year-end, no excuses. Assuming the Fed wants to wrestle the policy-making wheel away from Mr. Market, Chair Powell will have to contextualize the novel reasons for these moves – inoculating the US economy from global weakness and spurring inflationary growth – at his press conference. His credibility is already low from his U-turn on rates in January; he has to get this one right. * * *. If we hear today is “the most important Fed meeting ever” one more time, we may just lose it. Yes, we’ll certainly see the first rate cut since 2007. Yes, global capital mark.
Zero Hedge 07/31/2019 10:45
Ranges have been small. Asset price-wise, nothing especially untoward has happened. But, as former fund manager and FX trader Richard Breslow notes, it all feels remarkably sloppy. Via Bloomberg,. The fact that it is month-end and the big news of the day won’t happen until the U.S. afternoon sets things up to have a skittishness that will drive people trying to follow the ins and outs of the day’s activity positively to distraction. To make matters worse, we have two sets of traders operating uncomfortably beside each other. Some that will not change their views short of some -- unlikely -- major event that can’t be planned for anyway. And the others, who seem to be having the worst time holding onto anything . But more interestingly, they s.
Zero Hedge 07/24/2019 23:55
In 1940 you could buy a nice cape cod style home for around $2,500. Someone entering the job market likely started out at $25 a week. A 1940 Buick with a straight 8 would run you $895 and up. Why this stroll down memory lane? Because it is meant to show how much inflation has changed the price of things. When we still used money that was based on gold and silver, inflation was kept in check to some degree. Fractional reserve banking and excessive credit creation have distorted the value of things we depend on for life and we are coming to the end of that failed experiment. All of our recent prosperity has been paid for with our ability to print dollars out of thin air. If you want to know where we are being led you only have to stroll down
Zero Hedge 07/24/2019 23:35
The US military said on Wednesday that a guided-missile cruiser had sailed through the Taiwan Strait just hours after the Chinese military criticized Washington for “adding complexity to regional security” and warned it to stay clear of the island or else risk war. Trump's support for Taiwan, which recently was cleared by Congress to purchase over $2 billion in US weapons, is among a growing number of flashpoints in the U.S.-China relationship, which include a trade war, U.S. sanctions and a growing geopolitical conflict in the South China Sea, where China has been expanding its military presence while the United States conducts freedom-of-navigation patrols. The warship sent to the 112-mile-wide Taiwan Strait was identified as the Antietam.
Zero Hedge 07/24/2019 23:15
75 years ago, the Bretton Woods conference laid the foundations for much of today's global economic order. But the system is facing a serious threat from growing nationalism and protectionism worldwide. In July 1944, as it appeared that World War II would be coming to an end with victory for the Allies, senior finance officials from 44 countries huddled in a luxury hotel in Bretton Woods, in the US state of New Hampshire, to put in place the post-war economic order. The decades prior to were characterized by commercial conflict, trade wars and military conflict. Restrictions on global commerce and "beggar-thy-neighbor" economic policies had deepened the reach of the Great Depression in the 1930s, imposing huge economic and social costs, whi.
Zero Hedge 07/24/2019 22:55
Imagine a nuclear attack, pandemic, and or a water contamination crisis, American nurses at colleges and universities receive very little, if any, training in how to handle catastrophic situations, to two studies co-authored by Roberta Lavin, executive associate dean and professor in University of Tennessee's College of Nursing. Lavin published the studies in the Journal of Perinatal and Neonatal Nursing and Nursing Outlook, warned "events that can cause greater impact but are less likely to occur, usually receive less training hours.".

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