Europe

There was a silver lining in what has been dubbed the "world's biggest ransomware attack" - it struck on Friday mid-afternoon (in Europe), just as businesses were winding down for the weekend, and as a result the full impact of the forced system shutdowns would not be fully felt over the weekend when businesses and infrastructure are generally operating at a subdued pace. However, with the weekend coming to a close, the full extent of the inflicted damage may become apparent in just a few hours.

Censorship or Glitches?

In the past few days several readers have told me via emails that they experienced some censorship in relation to my website. With regard to the guest contributions of May 12, several readers in Europe said they were not allowed to tweet the article on the digital revolution and Engdahl’s article on controlling the food supply.

Another reader sent me this report of his attempt to access my website via Firefox:

Authored by Paul Criag Roberts,

“Fifty years ago, the streets of Leningrad taught me one thing: If a fight is inevitable, you must strike first.” Vladimir Putin

In George Orwell’s 1949 dystopian novel, 1984, information that no longer is consistent with Big Brother’s explanations is chucked down the Memory Hole. In the real American dystopia in which we currently live, the information is never reported at all.

Authored by Wayne Madsen via The Strategic Culture Foundation,

With 91% of companies in the S&P500 having reported earnings for the first quarter, Q1 2017 earnings season is almost fully in the history books, and is shaping up as the best quarter for annual earnings growth in six years. According to FactSet, the blended earnings growth rate for the S&P 500 in the first quarter is 13.6%, up from 13.5% last week, while revenue is poised to grow 7.8% Y/Y. The rise in profits was a function of both solid sales growth (+7.8%) and a 41 bp expansion in margins to 9.4%.