U.S. Corporate Profits on Pace for Third Straight Decline
Slow global growth, energy slump weigh on earnings of S&P 500 companies
Weakness was felt across the board, with executives from Apple Inc. to railroad Norfolk Southern Corp. and snack giant Mondelez International Inc. saying the current quarter remains tough. 3M Co., which makes tapes, filters and insulation for consumer electronics, forecast continued weak demand for that industry. Procter & Gamble Co. reported sales declines in its five business categories despite price increases. ... Read moreTYT | Republicans And Billionaires Plot Evil At Island Getaway (older, but good | 03/13/16) [8:34]
Billionaires, tech CEOs and top members of the Republican establishment flew to a private island resort off the coast of Georgia this weekend for the American Enterprise Institute's annual World Forum, according to sources familiar with the secretive gathering. The main topic at the closed-to-the-press confab? How to stop Republican front-runner Donald Trump. ...
The House Just Voted To Give Wall Street Billions From Americans' Retirement Savings
Investment advisers are allowed to give you bad advice. The House wants to keep it that way.
The House voted 234 to 188 Thursday to undo a rule proposed by the Labor Department earlier this month that would require anyone getting paid to provide retirement investment advice to act in the best interest of retirees. Many people think that's already how things work, but it isn't.
The way things work right now is that brokers who oversee retirement savings accounts can be paid extra to steer their clients into unnecessarily expensive funds or excessively risky investments, without disclosing that fact to their clients. That sort of conflicted investment advice costs Americans saving for retirement $17 billion a year, according to the White House Council of Economic Advisers. ... Read more
Paul Krugman and Holman Jenkins Shill for the Giant Banks
What Caused the Financial Crisis?
There can be no sure answer to the question of when a massive crisis "begin[s]." Attempting to answer the question implicitly requires understanding the causes of the crisis. The global financial crisis required three elements to come together. We needed huge losses on assets, a hyper-inflated bubble, and the failure of a systemically dangerous financial institution. These three elements may not "begin" at the same time.
In the United States, the losses came from the two great epidemics of loan origination fraud -- appraisal fraud and "liar's" loans. Those losses were then reallocated through the third great epidemic of fraud, sales of the fraudulently originated loans through fraudulent "reps and warranties" to the secondary market and investors. These three fraud epidemics, each an example of "accounting control fraud," also caused the financial bubble to hyper-inflate. The bubble, in turn, increases losses. Lehman's failure triggered the global crisis, but if it had not been Lehman it could have been the losses caused by these three fraud epidemics at any of roughly a dozen large financial firms that would have been trigger. ... Read moreChildren of Chernobyl
*Children of Chernobyl () [52:11]
Chernobyl Heart and Children of Chernobyl () [41:10]
Democracy Now! U.S. and World News Headlines for Friday, April 29 [8:46]
DN | Yanis Varoufakis: Bailouts of Greece are Pretense for Massive Payout for German and French Banks (04/29/16) [6:28]*DR | Friday News - Domestic (04/29/16) [1hr]
DN | Former Greek Finance Minister: Massive IMF Bailouts are "Ponzi Austerity" Scheme (04/29/16) [11:19]
DN | Yanis Varoufakis: Europe's "Hot Spot" Refugee Registration Centers are "Concentration Camps" (04/29/16) [9:53]
DN | "We Were Elected to Say No to the Creditors": Varoufakis on Resigning as Greek Finance Minister (04/29/16) [13:39]
Ted Cruz tries to reboot his campaign by announcing a running mate. Bernie Sanders begins cutting staff but vows to stay in the race until the final primary in June. And former House Speaker Dennis Hastert is sentenced to prison after admitting he sexually abused teenage boys. A panel of journalists joins guest host Susan Page for analysis of the week's top national news stories.*DR | Friday News - International (04/29/16) [1hr]
An airstrike on a hospital in Syria kills dozens. A report condemns Mexico's investigation into the massacre of college students. And Donald Trump's "America First" speech concerns U.S. allies. A panel of journalists joins guest host Susan Page for analysis of the week's top international news stories.TRNN | Col. Larry Wilkerson discusses: The All-Volunteer Military and American National Security (04/28/16) [8:51]
TYT | ANOTHER Doctors Without Borders Hospital Bombed (04/28/16) [7:34]
TYT | Cruz Appoints Fiorina Vice President Of Imagination Land (04/28/16) [3:42]
TYT | Rhode Island Democratic Establishment Cheats For Hillary (04/28/16) [7:57]
RT | CrossTalk: State Dept Follies (04/29/16) [24:31]
*ThomHartmann | The Chernobyl Disaster...What Have We Learned? (04/28/16) [5:23]
News Articles*TRNN | Phyllis Bennis says: Trump Embraces Israel and Promotes "Western Civilization" (04/28/16) [10:48]
RT | 'America First': Trump lays out foreign policy vision in Washington speech (04/27/16) [10:22]
John Boehner Calls Ted Cruz "A Miserable Son Of A Bitch, Lucifer In The Flesh"
Is the establishment's fervent hatred of Donald Trump starting a U-turn? It's still too early to know, however at least one core Republican, former house speaker John Boehner, has made it very clear he is not a fan of Ted Cruz. At all. So much so that according to NBC the former Republican House Speaker told an audience at Stanford University Wednesday that the Texas senator is "Lucifer in the flesh" and a "miserable son of a bitch... I have never worked with a more miserable son of a bitch in my life." ... Read more
US Economy Grew At Just 0.5% In Q1, Missing Expectations, Lowest Growth Rate In Two Years
Stockman: Anything Trumps Hillary
So is there any chance at all that Trump will make America Great Again by erecting trade barriers, a Trump Wall on the Rio Grande and an end to America's imperial beneficence and meddling abroad? Stayed tuned. There may be more to The Donald than meets the eye. And whatever it is, it certainly trumps Hillary's deplorable purpose to make Imperial Washington an even greater menace both abroad and at home. ... Read more
Luxembourg Puts Journalist and Whistleblowers On Trial for Ruining Its "Magical Fairyland" of Tax Avoidance
LUXEMBOURG IS TRYING to throw two French whistleblowers and a journalist in prison for their role in the "LuxLeaks" exposé that revealed the tiny country's outsized role in enabling corporate tax avoidance.
The trial of Antoine Deltour and Raphael Halet, two former employees of the international accounting firm PricewaterhouseCoopers, and journalist Edouard Perrin began Tuesday. ... Read moreThe Nightly Show with Larry Wilmore (04/27/16) [2:27]
Former Tax Lobbyists Are Writing the Rules on Tax Dodging
Debt Is Growing Faster Than Cash Flow By The Most On Record
Net debt growth skyrocketing nearly 30% y/y, while EBITDA has been contracting for the past year. In fact, as SocGen shows below, the difference in the growth rate between these two most critical data series is now over 35% - the biggest deficit in over 20 years. ... Read more
Democracy Now! U.S. and World News Headlines for Thursday, April 28 [8:03]
*DN | Noam Chomsky: Bernie Sanders Not a Radical, He Has Mass Support for Positions on Healthcare & Taxes (04/28/16) [3:55]
Oliver Stone*SNOWDEN by Oliver Stone (official trailer) (04/27/16) [2:38]
TYT | Trump Accuses Hillary Of "Playing The Woman's Card" (04/27/16) [4:38]
TYT | Andrew Napolitano: There Is Evidence To Convict Hillary Clinton (04/27/16) [9:19]
RT | Keiser Report: Sinkholes of Big-Oil Debt (E907) (04/28/16) [25:45]
*DR | Ted Cruz Names Carly Fiorina As His Running Mate (04/28/16) [1hr]
In an unusual move, Republican presidential candidate Ted Cruz yesterday named Carly Fiorina as his running mate if he wins the Republican nomination. We get analysis of the announcement and its implications from CNN's Manu Raju.Aljazeera | Britain's Modern Slave Trade - Al Jazeera Investigates (04/24/16) [47:20]
Other Videos that I found InterestingThe World Without US () [1:21:30]
HeadlinesDonald Trump Speaks on Foreign Policy in Washington, DC (full) 904/27/16) [46:20]
TRUMP 5-STATE SWEEP... DEL TRACKER: 110 Trump, 5 Kasich, 3 Cruz...
Donald Trump starts at 6:30min on the ProgressbarClick picture to zoom in
Wednesday, April 27, 2016: Full replay of Donald Trump's speech on foreign policy at the Mayflower Hotel in Washington, DC.
TYT | Donald Trump Destroys Ted Cruz In The Northeast GOP Primary (04/26/16) [5:44]
TYT | The Movement Bernie Started Is Just Beginning (04/26/16) [7:49]
TYT | 2016 Will Be A Terrible Election, BUT There Is Hope (04/26/16) [2:25]
A Major Warning From Tom McClellan : "Can This Possibly End Well?"
In one of his tweets yesterday, Tom McClellan, creator of the famous McClellan Oscillator and Summation index used by thousands of traders everywhere as a market timing tool, pointed out something disturbing: the number of shares outstanding of the VXX, the VIX tracking ETN, has soared exponentialy in recent weeks. As McClellan cautions: "VIX futures ETF extremely popular now. Can this possibly end well?" ... Read moreClick picture to zoom in
30 Years After the Chernobyl Disaster, a Nuclear Menace Still Hides in Plain Sight
CHERNOBYL, Ukraine -- It was a fine spring night, people peacefully sleeping as weekday passed into weekend, until Chernobyl's fourth nuclear reactor blew up. Oleksandr Galuh recalls that night well. "My mother woke up as the windows shattered," Galuh, then a fourth-grader in Pripyat, a town not too far from Chernobyl, remembers. "She thought it was a thunderstorm."
But no thunder rocked the still of night -- an explosion did. It was April 26, 1986 at 1:23 a.m. when reactor no. 4 of the Chernobyl nuclear power plant went up in flames. The worst nuclear accident in history had just taken place. ... Read more
Democracy Now! U.S. and World News Headlines for Wednesday, April 27 [8:56]
DN | How Trump Became the GOP's "Presumptive Nominee" with Hate-Fueled Rhetoric & Attacks on Immigrants (04/27/16) [25:55]
The Late Show with Stephen ColbertStephen Colbert | Cartoon Trump Admits It's All An Act (04/27/16) [3:14]
*DR | Results From Tuesday's Republican and Democratic Primaries In Five States (04/27/16) [1hr]
Results from Tuesday's Republican and Democratic primaries in five states. Join us for a discussion on the latest delegate count, Republican efforts to coordinate against Donald Trump, and the outlook for the ongoing nominating race in both parties.TYT | Hillary's Paid Trolls Take Down Bernie Facebook Pages (04/26/16) [13:41]
Seymour Hersh's interview starts at 30min on the ProgressbarThomHartmann | Seymour Hersh Exposes the Truth About Obama's War on Terror (04/26/16) [57:44]
In Conversations with Great Minds Thom discusses Obama's war on terror with award-winning investigative journalist Seymour Hersh, author of the new book "The Killing of Osama bin Laden."
News ArticlesMSNBC Democratic Town Hall
*TYT | MSNBC Democratic Town Hall | The Young Turks Summary (04/25/16) [3:15]
TYT | MSNBC Democratic Town Hall | The Biggest Winner Was... (04/25/16) [1:51]
TYT | MSNBC Democratic Town Hall | The Biggest Loser Was... (04/25/16) [4:24]
CIA Employees 'Terrified,' Fear 'Exodus'...
When Donald Trump launched his bid for the White House, one of his earliest initiatives was a promise to help Americans who had gone to war for their country. Or, as his campaign put it, to take care of "all Veteran complaints very quickly and efficiently like a world-class business man can do, but a politician has no clue." Last summer, about a month after declaring his candidacy, Trump unveiled a hotline for veterans to share ideas about how to overhaul the bureaucracy that served them.
Many of the veterans who called the hotline--855-VETS-352--say they were sent to an automated voicemail message telling them to email the campaign. Those who reached a live human were similarly instructed to send an email, or to mail their medical records to campaign headquarters at Trump Tower. It soon became evident that Trump had no actual plan in place to help anyone who contacted him through the hotline. ... Read more
Time Does Not Heal All Wounds
Time does not heal. Not in and of itself. True healing requires a consciousness and constant work. Every day. For the rest of your life without your child.
I don't say this because I have now managed to live eight months without my Gwendolyn, an eternity and a blink all at once. I say this from watching friends over the last 8 years lose their children, the ways they've healed and the ways they never will. ... Read more
Obama in Germany to Push TTIP
Obama?s arrival in Germany on Sunday was met by 90,000 protesters who are opposing the Transatlantic Trade and Investment Partnership or TTIP. Obama came to Germany to support the government in its effort to ratify the free trade agreement despite opposition to the deal by majority of the population in both countries. Many Germans see the deal as an effort to undermine German health and safety regulations for the benefit of corporate profits. Only 17 percent of Germans support the TTIP according to a recent poll.
The other item on Obama's agenda with Germany's Chancellor Angela Merkel was a deal to increase patrols off of the Libyan coast in order to prevent smugglers from risking more lives of refugees who are trying to reach Europe. Last week it was suspected that up to 500 refugees drowned when their ship sank near Libya. ...
Trump Reaches 50% National Support For First Time
China Commodity Bubble Bursts As Exchanges Curb Goldman's "Biggest Concern"
During the last week we have highlighted the frightening similarity between the speculative spike in China commodity trading (which has sent industrial metals prices soaring in yet another 'error' signal for real supply and demand) and the pump-n-dump in Chinese stocks. Specifically, as Goldman warns the factor that "concerns us the most is the increased speculation in the Chinese iron ore futures market," and now, as Bloomberg reports, it appears that bubble is bursting as Steel and Iron Ore prices tumble most in 21 months after Chinese exchanges raise margins in an attempt to curb speculation. ... Read more
Democracy Now! U.S. and World News Headlines for Tuesday, April 26 [9:56]
*DN | 30 Years After Chernobyl, World's Worst Nuclear Disaster, U.S. Activists Warn of Ongoing Risks (04/26/16) [9:08]*DR | President Obama Ups The Number Of U.S. Special Operations Forces In Syria (0426/16) [1hr]
DN | As Saudis Continue Deadly Bombing of Yemen, Is Obama Trading Cluster Munitions for Riyadh's Loyalty? (04/26/16) [6:32]
DN | Michigan Officials Charged in Flint Water Poisoning, but Gov. Snyder Has Not Even Been Questioned (04/26/16) [12:44]
DN | Not Justice & Not Enough: Tamir Rice Family Gets $6M Settlement for Police Killing of 12-Year-Old (04/26/16) [13:11]
DN | Family of Samuel Harrell, Killed by "Beat Up Squad" in NY Prison, Holds Hunger Strike for Justice (04/26/16) [20:59]
President Obama has approved the deployment of an additional 250 Special Operations forces to Syria to advise and assist in the fight against ISIS. Join us to discuss the status of the conflict and new efforts to undermine the Islamic State's power in the region and its influence beyond.TYT | Cruz And Kasich Now Tag Teaming Trump (04/25/16) [13:01]
TYT | Trump Sounds Off On John Kasich's Eating Habits (04/25/16) [5:32]
*RT | Chernobyl timeline: World's worst nuclear disaster 30 years on (04/26/16) [5:07]
RT | McAfee: If FBI gets backdoor to people's phones, US society will collapse (04/25/16) [24:32]
RT | Keiser Report: Debt Slavery (E906) (04/26/16) [25:33]
ThomHartmann | Plunging Support for TPP & TTIP in US & Europe? (04/26/16) [6:21]
Curtis Ellis, Obamatrade.com/American Jobs Alliance join Thom Hartmann. Why does President Obama really want the UK to stay in the EU? Is it because he's concerned about British power? Or is it because he's worried about what could happen to the TTIP - the so-called free trade agreement that's Europe's version of the TPP?Aljazeera | UpFront: Ex-CIA director: Trump a recruiting sergeant for ISIL (04/26/16) [3:08]