America

US senator Lindsey Graham has threatened to introduce a measure in Congress to pull funding for the United Nations unless the Security Council repeals a resolution it passed last week condemning Israeli settlement construction as illegal. “It’s that important to me,” Graham, a member of the powerful Senate Appropriations Committee, told CNN. Just spoke with the PM of Israel Benjamin @Netanyahu. I let him know many Members of Congress will push back hard against this UN outrage.

Consumer spending makes up a large percentage of the United States economy. We all have bills to pay and mouths to feed, but where do Americans spend their money? Here is a breakdown of how Americans spent their money in the last 75 years...

The United States’ highest paid climate change expert has been sentenced to 32 months in federal prison on fraud charges. John C. Beale’s crimes were “inexplicable” and “unbelievably egregious,” said Judge Ellen Huvelle in imposing the sentence in a Washington. D.C. federal court. Beale drew a $200,000 plus salary per year and regularly travelled around the world staying high end hotels – all at the taxpayer’s expense – while claiming to be saving the world from global warming as well as working for the CIA on covert assignments. What else do you think he has been lying about?

Philippines President Duterte says he will “burn down” the United Nations headquarters in New York during his next visit to America. It comes in response to mounting international criticism over his bloody War on Drugs’ policy. Duterte has boasted of personally killing suspects. RT.com reports: “You go and file a complaint in the United Nations, I will burn down the United Nations if you want,” Duterte said, as quoted by the New York Times. “I will burn it down if I go to America,” he added, while speaking at an army base in the country’s southern city of Zamboanga.

As MacLean's Jason Kirby points out, the Bank has taken to YouTube to warn Canadians about the dangers of too much debt and unrealistic house price expectations. He wonders, however, whether anyone will listen as one after another real estate bubble form in Canada, a nation whose household debt ratio has never been higher.

As BMO pointed out, when the latest household debt ratio data was released, the upward trend in household debt goes back for the 26 years for which it has records and is showing no signs of slowing down.