Politics

An investigation into dodgy dealings by fatcat bankers has been quietly axed. The decision by the Financial Conduct Authority, has sparked outrage and has been labeled a “a huge blow for taxpayers” and “a slap in the face for ordinary people”. The investigation was dumped as the FCA said other measures were in place to tackle wrongdoing,  but many see Osborne’s decision to sack the head of the FCA for wanting to be too tough on bankers as a critical reason. The Mirror reports: Early in 2015 the FCA announced plans to review banking’s culture.

Now that the subprime-funded "growth dynamo" that kept the US economy chugging along over the past year has finally choked, as we saw yesterday when auto sales posted the weakest print in half a year, there is just one industry that is keeping US factory orders, which have already declined for 13 consecutive months, from an all out implosion.

War.

Oregon Ranchers Resist Washington’s Imperialism

http://original.antiwar.com/justin/2016/01/03/the-war-against-the-cowboys/

The post Oregon Ranchers Resist Washington’s Imperialism appeared first on PaulCraigRoberts.org.

While the recent dramatic revision in construction spending - a direct input into GDP - which as we noted earlier this week, was a huge revision in the series  by the US government which admitted to "processing errors" would lead to substantial downward revisions to recent GDP prints, moments ago the US November Trade deficit printed at $42.4 billion, down from $44.6 billion in October and better than the $44.0 billion consensus expectation.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

U.S. President Barack Obama is not just the world’s best gun salesman, he’s also the world’s worst gun control spokesperson.

 

Despite immediately politicizing every single shooting event in recent years by using his bully pulpit to lecture the American public on why citizens must give up their rights to feel safe, his message has fallen on deaf ears. Why?