Climate Change Makes You Stupid
08/10/2018 6:10 PMYikes. I didn't know we're allowed to say that, but Dr Daniel Sarewitz did, pointing the finger at those people who say that climate change is the big cause of every natural disaster. With the consequence being that we limit our range of options in taking...
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Fraudsters Target Taxpayers In Million-Dollar Scam
08/10/2018 6:10 PMBack in the 2016 tax season, there was a spate of fraudulent tax scams that unnerved the entire nation. The IRS reported a massive 400 percent increase in tax fraud, mostly perpetrated by a group of impersonators who used spoof TurboTax online software to steal user...
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VP Pence Unveils Trump’s Space Force; Will Cost $8 Billion Over 5 Years
08/09/2018 6:21 PMBack in March, President Trump first introduced the idea of a US "space force", renewing a long-running debate that began almost 20 years ago whether the Pentagon’s space activities should be moved to a new command. Fast forward to today, when Vice President Mike...
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Cyclical Heavy-Truck Industry Soars to Cloud 9
08/09/2018 6:15 PM“It’s a bizarre occurrence and it will not be resolved soon.” Orders for Class 8 trucks in July jumped 187% from a year ago to 52,250 units, the highest number of monthly orders ever. These are the heavy trucks that haul a significant part of the goods-based economy...
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Uncertainty Mounts As Stocks Inch Closer To Record Highs
08/09/2018 6:12 PMStocks were virtually flat on Wednesday, as investors took short-term profits off the table following the recent advance. Will the S&P 500 index continue its bull-run above the January record high of 2,872.87? Or is this some short-term topping pattern before a...
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Economic Growth Slows In The UK And EU
08/09/2018 6:08 PMAmid fears of escalating global trade wars, the European Union’s statistics agency Eurostat has registered a tangible slowdown in the first half of the year, with the quarterly GDP inching up a mere 0.4 percent in both the first and the second quarter--a clear drop...
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Kinder Morgan Never Said the Trans Mountain Expansion Would Cost $1.9 Billion More
08/09/2018 5:04 PMThey said no such thing. Instead the number comes from an SEC filing presenting a Net Present Value Analysis of the project under different scenarios by TD Securities including what if it cost more and was delayed until January,...
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Bitcoin Loses $7,000 Support After ETF Delay, Altcoins Suffer Large Losses
08/08/2018 8:07 PMBitcoin (BTC) prices broke below the $7,000 support level late August 7 to hit lows on Wednesday, August 8 not seen since mid-July, as 99 out of the 100 coins on CoinMarketCap see red.... CLICK for complete...
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Turkey’s Benchmark Bond Hits A 20% High
08/08/2018 6:12 PMAfter the lira, it’s the turn of Turkish government bonds. The nation’s benchmark 10-year notes slid, sending yields to a record high, as investors increasingly concerned by a lack of central bank moves to backstop the nation’s assets sought higher risk premiums. The...
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“What They Did Was Unacceptable”: Saudis To Dump Canadian Assets “No Matter The Cost”
08/08/2018 6:00 PMThe FT reports that the Saudi central bank and state pension funds have instructed their overseas asset managers to dispose of their Canadian equities, bonds and cash holdings “no matter the cost.” Third-party managers are estimated to be mandated to invest more...
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