The Streak Is Over: Caterpillar Posts First Positive Retail Sales After 51 Months Of Declines
After 51 consecutive months, the dead CAT spell is finally over.
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"The Retail Bubble Has Now Burst": A Record 8,640 Stores Are Closing In 2017
“Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”
- Richard Hayne, Urban Outfitters CEO, March 2017
The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere more obvious than in the soaring number of store closures.
Paul Craig Roberts: "It Has Become Embarrassing To Be An American"
Authored by Paul Craig Roberts,
South Korea Says Missile Launch "Threatens The Whole World" As Pence Arrives In Seoul
In its first official comments on Sunday morning's failed missile launch, South Korea said the latest North Korean provocation threatens the entire world, and warned of a punitive action if it leads to further actions such as a nuclear test or a long-range missile launch.
End Airline Protectionism: Allow Foreign Carriers On Domestic Routes
Authored by Ryan McMaken via The Mises Institute,
In the wake of the United Airlines debacle - in which the airline had airport police assault one of its own customers - customers have begun to ask why there doesn't seem to be more competition for United to contend with. They ask: would United treat its customers so poorly if they had more competition?
Maybe not.
Is the Airline Industry Competitive?