“If This Goes Well, I’ll Use It At Goldman Sachs Next Year” – Obama Mocks Everyone At His Final “Nerd Prom”

In his final address to the White House correspondents dinner also known as “nerd prom”, Obama embraced his last chance at a snarky, hyperbolic, comic monologue and used the stage to unleash a series of one-liners at 2016 presidential candidates in both parties, the media and his own career as president.


This post was published at Zero Hedge on 05/01/2016.

Germany’s Third Largest Party Adopts Anti-Islam Manifesto: Says “Muslims Are Not Welcome In Germany”

One week after Austria was shocked by the news that its right-wing, anti-immigrant Freedom Party, had swept the competition, gathering over 35% of the vote and leaving the other five candidates far behind, Europe’s anti-immigrant juggernaut just added to its momentum when neighboring Germany’s populist AfD party adopted an anti-Islam policy on Sunday in a manifesto that also demands curbs to immigration according to AFP. The biggest surprise however, is that the three year-old party is now also Germany’s third strongest party.
Formed only three years ago on what was originally a eurosceptic platform, the Alternative for Germany (AfD) has gained strength as the loudest protest voice against Chancellor Angela Merkel’s welcome to refugees that brought over one million asylum seekers last year. However, with the migrant influx sharply down in recent months, the AfD has shifted focus to the signature issue of the xenophobic Pegida street movement, whose full name is Patriotic Europeans Against the Islamisation of the Occident.
“Islam is not part of Germany” ran a headline in the AfD policy paper agreed in a vote by some 2,400 members at the party congress in the western city of Stuttgart.
The paper demanded bans on minarets on mosques, the call to prayer, full-face veils for women and female headscarves in schools.

This post was published at Zero Hedge on 05/01/2016.

CSX Freight Train Derails In Washington D.C., 9 Cars Overturned, Hazardous Material Leaking

A CSX freight train has derailed in Washington D. C.., near the Rhode Island Avenue Metro station Sunday morning leaving several cars overturned and resulting in a leak of hazardous materials.
Doug Buchannan, a spokesman for the D. C fire department, said as many as nine cars have derailed and at least three are leaking hazardous material. The incident happened at 6:40 a.m. Sunday.
According to WTOP, Rhode Island Avenue was closed in both directions from 4th to 10th streets in Northeast as of 7:30 a.m. The Red Line’s Rhode Island Station is also closed. Metro said it would establish bus shuttle service between the NoMa and Brookland stations. No injuries were immediately reported.
D. C. Fire officials told WTOP they do not know what kind of substance is leaking, however News4′s Mark Segraves reported multiple sources at the scene said at least one of the chemicals is sodium hydroxide. Also known as lye and caustic soda, the odorless chemical may generate substantial heat when dissolved in water, which may be sufficient to ignite combustible materials, according to the Center for Disease Control.
The CDC said it can create eye and skin irritation and burns when exposed. It is also damaging to the respiratory system if the fumes are inhaled.
According to a CSX statement, the train was traveling from Cumberland, Maryland to Hamlet, North Carolina, when it derailed near 9th Stree and Rhode Island Avenue. The train has three locomotives and 175 total cars, including 94 cars loaded with frieght and 81 empty cars.

This post was published at Zero Hedge on 05/01/2016.

Saudi Arabia on the Ropes?

There is serious trouble brewing in Saudi Arabia. They have been dumping oil increasing their output by 3.5%. However, the cash is being kept offshore. Rumors have been flight that members of the Royal family may be creating a stash just in case there is major civil unrest which forces them to flee into exile. Obama on his recent trip told the Saudis they should adopt democratic reform. Make no mistake about it. There is trouble brewing in the Middle East. There is no way Obama would have made such a statement publicly if the situation were not grave.

This post was published at Armstrong Economics on May 1, 2016.

The ‘Canary in the Coal Mine’ for Chinese Stocks

The Largest Online Marketplace in the World This company is twice the size of Enron at its peak ($100 billion). Pharmaceutical giant Valeant, which blew up in the last year, was only $90 billion at its peak. Before I get to what the stock is, let me tell you where it is: China.
I recently heard an excellent presentation by Anne Stevenson-Yang at Grant’s Spring Investment conference. Stevenson-Yang is the cofounder of J Capital Research, based in Hong Kong. J Cap provides independent research on China’s stocks and its economy.
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To understand China’s economy today, she said, think of Silicon Valley in 1999. You may recall that was one year before the tech bubble peaked, then collapsed. The similarities between Silicon Valley (circa 1999) and China (from about 2006 on) are striking.
In China, there’s a big emphasis on growth… but not so much on profitability. Much like the days of counting website visits (or ‘counting eyeballs’) instead of profits in 1999.

This post was published at Acting-Man on April 25, 2016.

OBAMA ANNOUNCES PLAN TO ‘EXPEDITE’ SMART GUN TECHNOLOGY

America is by far, the most difficult country to push any kind of gun control legislation. The gun grabbers really have their work cut out for them here. In just about any other nation, all it takes is one tragic mass shooting, and the sheep start bleating and begging for more restrictive laws. But for a variety of reasons, it just doesn’t work here. Guns have just become far too ingrained our culture for most people to give them up.
It’s actually quite impressive when you think about it. Every other line and amendment in the US Constitution has been violated into meaninglessness. Though the spirit of the Second Amendment has been violated as well, it hasn’t been done to the same extent. It’s the last domino that just won’t fall, no matter how hard the gun grabbers blow.
Since they can’t pull off an outright ban, they have to constantly find alternative routes of gun control. They try to place onerous regulations on buying and selling firearms, they push extra taxes on ammunition, or they try to force gun owners to buy insurance for each gun. The list goes on and on. One of their alternatives to gun confiscation, is the smart gun.

This post was published at The Daily Sheeple on MAY 1, 2016.