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The U.S. government are building a huge database containing information on government employees who could pose “insider threats” to them as potential whistleblowers.  The Defense Department are building the “DoD Component Insider Threat Records System,” in response to the 2010 classified diplomatic cables leaked by Chelsea Manning. The decision to build the information-sharing system comes after the WikiLeaks executive order was signed, calling for an end to government whistleblowing.

Today was yet another one of those days where you just have to laugh... (warning NSFW)

As the Treasury yield curve collapses to its lowest since 2007 with the S&P within a couple of percent of record highs...

Submitted by David Stockman via Contra Corner blog,

The flyover zones of America are wanting for work and buried in debt. That’s the legacy of three decades of Washington/Wall Street Bubble Finance. The latter has exported jobs, crushed the purchasing power of main street wages and showered the bicoastal elites with the windfalls of financialization.

The story of the unprecedented build up of various commodity tankers off the coast of Singapore, as well as everywhere else, has been duly covered here as well as the reasons behind it.

Notably, two weeks ago we cautioned that with the contango no longer leading to profitable offshore storage of oil, many shipping companies would have to start offloading their cargo, or as we recently reported, have started incurring debt to fund said storage costs in hopes of avoiding shifting storage to land:

Via The Economic Cycle Research Institute,