Following yesterday's report that the DOJ has asked all 46 remaining Obama-appointed US attorney to resign, there was confusion whether that also included the noted attorney for the Southern District of New York, Preet Bharara. As we discussed on Friday, Trump had previously asked the Obama-appointed Manhattan attorney to stay on.
Jimmy McMillan III, the now infamous founder of the "Rent Is Too Damn High Party", as well as a self-described karate expert, Vietnam War vet, former postal worker and male stripper, has made it his mission for the past two decades to fight rising rents in New York City that have persistently pushed lower-income families out of Manhattan to make more room for America's Ivy-League educated, entitled snowflakes.
Authored by David Galland via GarretGalland.com,
Not to be overly dramatic, but a civil war has begun in America. Everyone knows it to be true, but no one knows what comes next.
The conflict of visions between freethinkers and the socialists who believe government should hammer humanity into model citizens has reached what divorce lawyers call “irreconcilable differences.”
Authored by Bonner & Partners' Bill Bonner via Acting-Man.com,
A Truly Sucky Century
BALTIMORE – What an awful century! Worst we’ve ever seen. Household incomes are down. Employment is down, with 7 million people in the U.S. of working age without jobs. Productivity growth is down. GDP growth is down – to only about 0.5% per capita last year. Even life expectancies are down. Drug overdoses are up. Suicides are up. One out of every eight children lives in a family getting food stamps. One of out every eight adults takes psychoactive drugs .
Amazon's willingness to sell almost any product imaginable at a loss, combined with a massive bubble in retail real estate square footage courtesy of decades of low interest rates seems to finally be catching up with the traditional bricks-and-mortar retailers of America.
As evidence, Scott Krisiloff of Avondale Asset Management compiled the following sample of relatively downtrodden commentary from America's largest retail CEOs, all of who seem to be throwing in the towel on hopes of any near term upside for their industry: