Freedom of the Press Foundation is announcing a new crowd-sourced fundraising campaign called the Transparency for Police Fund, which "will fund local journalists around the United States to file Freedom of Information Act (FOIA) and other transparency lawsuits aimed at uncovering police misconduct and video evidence of brutality against unarmed men and women."
Submitted by Eugen von Bohm-Bawerk via Bawerk.net,
We have argued for a long time that 2016 will probably be a year of recession in the US and the Federal Reserve’s intent on raising rates will only help expedite it. We believe the current rate cycle will be short lived as the Federal Reserve is constrained by the heavy debt load weighing on the US economy. Or more specifically, the large share of unproductive and counterproductive debt that drain the US economy for resources.
Submitted by Deirdre Fulton via TheAntiMedia.org,
Even as large swaths of the population call for media outlets to do their part in stemming the “dangerous tide of hatred, violence, and suspicion” taking hold in the United States, corporate media - which stands to benefit nicely from the $5 billion 2016 presidential election - is egging on that same divisive rhetoric.
“Go Donald! Keep getting out there!” CBS Corporation chief executive Les Moonves reportedly said during an investor presentation Monday.
'As goes oil, so goes the US equity market' appears to bethe new mantra. Just as yesterday's pump-and-dump tracked oil, so in the pre-market, WTI Crude plunged back to fresh 7-year lows after IEA warned that the oil glut will worsen, with prices lower for longer as demand remains subdued through at least 2017. This in turn sent US equities tumbling with Dow futures down 200 points (down 330 from Thursday highs).
Spot the difference...
It was a relatively calm overnight session in which European stocks wobbled modestly, Japan was up, China was down following the Yuan's weakest fixing since 2011 as the PBOC continues to aggressively devalue since the SDR inclusion (stoking concerns capital outflows are once again surging), EM stocks stocks were weak and the dollar was unchanged ahead of today's retail sales data and next week's Fed meeting, and then suddenly everything snapped.