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Member since: Wed Nov 7, 2018, 11:32 PM
Number of posts: 648

Journal Archives

Leaked audio: Google colludes with conservatives

When New York magazine called for the break up of Google, two think tanks which are funded by Google quickly wrote a blog posts regarding the New York magazine article rebutting the New York magazine article.

Leak audio shows a top Google executive bragging about this convenient relationship.

“Just to give you an example, last weekend the New York Times magazine[‘s] cover story was all about breaking up Google,” Kovacevich said. “Among the people who wrote op-eds and blog posts rebutting that Times piece were two conservative think-tank officials who we work with closely — one from the American Enterprise Institute and one from the Competitive Enterprise Institute, who both attended [the reception].”


Russia trolls blamed everyone for Skripal poisoning (new WaPo article)

When Putin's attempted assassination of Sergei Skripal went wrong, his online trolls sprang into action spreading fake news l left and right, a new Washington Post analysis reveals:
Ranging from the plausible to the fantastical, the stories blamed a toxic spill, Ukrainian activists, the CIA, British Prime Minister Theresa May and even Skripal himself.

They did the same in Crimea
When pro-Russian separatists shot down Malaysia Airlines Flight 17 over eastern Ukraine, killing 298 passengers and crew members, Russian officials and media outlets sought to pin the blame on the Ukrainian government, suggesting at one point that corpses had been trucked to the crash site to make the death toll appear higher.

My favorite part is when Trump helps his Puppeteer spread the lies about flight 17:
“To be honest with you, you’ll probably never know for sure,” Trump said.

Read more about Russia's fake news machine here:


Dow futures drop 260 points as sell-off looks set to continue in new week

Source: CNBC

U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China.

Dow Jones Industrial Average futures dropped 260 points, implying a decline of 236.95 points at Monday's open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last week.

Read more: https://www.cnbc.com/2018/12/09/dow-futures-drop-200-points-as-sell-off-is-set-to-continue-in-new-week.html

Javanka trying to get Kelly fired, WSJ reports

The Wall Street Journal is confirming an earlier report today by CNN stating that John Kelly will be gone soon. The article says that Jared Kushner and Ivanka Trump want someone else to take over

US factory orders post largest drop in more than a year

Source: CNBC

New orders for U.S.-made goods recorded their biggest drop in more than a year in October and business spending on equipment appeared to be softening, suggesting a slowdown in activity in the manufacturing sector.

Factory goods orders fell 2.1 percent amid a decline in demand for a range of goods, the Commerce Department said on Thursday. That was the largest decrease in orders since July 2017. Data for September was revised lower to show factory orders rising only 0.2 percent instead of the previously reported 0.7 percent increase.

Read more: https://www.cnbc.com/2018/12/06/us-factory-orders-post-largest-drop-in-more-than-a-year.html

But her emails!

Top economist: "We have moved our forecast for the next recession up...to the first half of 2020"

Diane Swonk wrote:

The recent G-20 meeting should have allayed some fears but the more we learn, the less we know about the deal to delay additional tariffs on Chinese imports. Chinese news agencies are reporting a different version of the agreement. White House negotiators also contradict the president’s statement. The dissonance, short time frame (90 days) for negotiations and the appointment of one of the administration’s most ardent protectionists to close the deal are not encouraging. The results will delay the implementation of additional tariffs to the second quarter of 2019 from the first quarter, instead of eliminating them.

Uncertainty surrounding NAFTA is growing. The signing of the new NAFTA, dubbed the USMCA, at the G-20 by leaders from Canada, Mexico and the U.S. was little more than a photo op. The legislatures of all three countries still need to ratify the treaty to make it binding. That was a heavy lift in Congress prior to the midterm elections; it will be even harder now that Congress is split. The problem is so acute that the president threatened to pull out of the existing NAFTA agreement to try to force a quick resolution by Congress. A move like that would face legal challenges, but the risk is that we could end up with no agreement. That would further undermine our competitiveness and delay investment decisions.

This edition of Economic Currents takes a close look at the outlook for 2019. *The economy is poised to slow but not to the point of recession until 2020. We have moved our forecast for the next recession up by six months to the first half of 2020.* Election years don’t stop recessions from occurring; that said, recessions are notoriously hard to time. No one knows for sure which straw will break the camel’s back, only that they are piling up.


About the author: according to the University of Michigan, Diane Swonk "advises the Federal Reserve Board and its regional banks. She has periodically advised the Congressional Budget Office (CBO) and the Council of Economic Advisers (CEA) for the White House on a nonpartisan basis."



NRCC hired CROWDSTRIKE to investigate hacking against them

Remember when Republicans suggested that the DNC was hiding something because they hired a private company (Crowdstrike) to investigate their servers? And I guaranteed that the NRCC did not hand over the actual physical server to the FBI, because it is just not common practice.

I’m loving this hack because it gives Republicans a lesson in hypocrisy and cyber security

Maddow is beating Hannity in viewers almost every day

What was the turning point?
Strong #Maddow #Inners #Hardball #FBRParty #Hannity ratings are good for the country because it means fewer people are being misinformed.

Sheriff deputy who wore QAnon patch next to Pence gets kicked out of the SWAT team

Broward County Sheriff office removed him from Homeland Security assignments as well, due to bad conduct and violation of the uniform code.
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