Technology

Following July's collapse in housing data (from permits to sales), August data for Housing Starts were supposed to bounce back but didn't (falling 0.8% MoM vs +1.7% exp) and Permits were expected to fall 0.8% but spiked 5.7% MoM (thanks to a big jump in multi-family units).

So it appears last month's ugly Housing Starts data was revised sharply higher on the back of a jump in multi-family units...

And Multi-family Permits jumped notably...

Via The Daily Bell

Cable television has long been the coveted propaganda arm used to program American sentiments. But because of the internet, viewer choice for news, sports, and entertainment has proliferated. Content is becoming decentralized, and that makes it harder to control the attitudes of the masses.

Since 2013, pay tv subscriptions have been declining, losing more customers than they gain. Over one million people per year are fleeing from paying for cable TV from companies like Verizon, Time Warner, and Comcast.

Authored by Tom Luongo via TomLuongo.me,

The big boys, Apple and Google, are now actively developing a payment API for cryptos to use within their browsers.  This is a double-edged sword and possibly indicates a shift in tax policy.

I don’t trust either Apple or Google at all.  The news from Coindesk about Apple and Google developing a payment API on the heels of multiple avenues of officaldom cracking down on cryptocurrencies is enough to give you whiplash.

Authored by Sam Biddle via The Intercept,

Authored by Mac Slavo via SHTFplan.com,

On Tuesday, Apple revealed their newest phone. The new line was anticipated by Apple users and is another cult favorite.  But many are rightly skeptical of the “FaceID” feature.