The economy is slowing down, it is approaching stall speed. The unemployment came down to 4.2% on manipulated data. Wolfgang Schäuble is worried about new bubbles forming. Catalonia is pushing to separate from Spain, civil war might breakout. Corporate media is reporting that we are headed towards war with North Korea. US suspends on immigrant Visas. Syria and Iraq reject a Kurdish referendum. Kaspersky fires back at the US saying their software detects the NSA malware. The Vegas event facts do not make sense and more and more people are questioning it.
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Current News – 10.08.2017
- Economists were projecting that we would see an increase of around 80,000 jobs last month, and we need to add at least 150,000 jobs each month just to keep up with population growth. So the -33,000 number was a huge disappointment.
- But even though we lost 33,000 jobs last month, the Bureau of Labor Statistics says that the unemployment rate fell from 4.4 percent to 4.2 percent.
- Yes, I know that doesn’t make any sense at all, but that is what they are telling us.
In addition to September’s rough month, the July number was revised lower from 189,000 to 138,000 though August got a bump higher from 156,000. In all, though, 2017 thus far has seen the slowest jobs growth in at least five years.
- Employment is not booming. In fact, things haven’t been this slow “in at least five years”. An economic slowdown is here, and yet most people are totally oblivious to what is happening.
- And let me share something else with you. The following chart shows the average duration of unemployment since the late 1940s…
- This chart shows that workers remain unemployed far longer than they did in the “good old days”, but I want you to pay special attention to the very end of the chart.
- The duration of unemployment is really starting to spike up again quite dramatically, and that is a very, very troubling sign for the U.S. economy overall, because spikes in this number almost always correspond with recessions.
- But the Bureau of Labor Statistics says that we don’t have anything to be concerned about. In fact, they are blaming all of the bad numbers from last month on Harvey and Irma…
- said there was a danger of “new bubbles” forming due to the trillions of dollars that central banks have pumped into markets. Schäuble also warned of risks to stability in the eurozone, particularly those posed by bank balance sheets burdened by the post-crisis legacy of non-performing loans, something we have warned about since 2012, and an issue which remains largely unresolved.
, Schauble warned that the world was in danger of “encouraging new bubbles to form”.
- “Economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity and the growth of public and private debt. I myself am concerned about this, too,”
- The EU’s budget commissioner has warned of the risk of “civil war” in Catalonia, as fears grew over a looming independence declaration and major banks prepared to relocate their headquarters.
- With just 48 hours until Catalonia’s Parliament meets, defying Madrid, to debate secession, Gunther Oettinger, the Germany EU commissioner urged dialogue…
“The position is very, very alarming. Civil war is conceivable there, in the middle of Europe,” he began.
”One can only hope that a conversation will be made between Madrid and Barcelona soon,” he continued, adding that the EU could only mediate talks “if asked.”
- The German commissioner’s startling remarks prompted disquiet among EU diplomats. One told VOA he thought the comments “nonsense.”
- What would Spain lose if Catalonia becomes independent?
Independence for Catalonia has been a long time coming..
- In the report, author Michael Zagurek calculates that an all-out nuclear strike launched by North Korea against Tokyo or Seoul could kill as many as 2.1 million people and injure another 8 million. Combined, the number of dead and injured would equal 10% of the South Korean population – affirming that a nuclear strike by the North would be – by a considerable margin – the single deadliest attack in human history. By comparison, the US killed a combined 120,000 Japanese civilians when dropped nuclear bombs over Hiroshima and Nagasaki.
- . In the most likely scenario, an accidental miscalculation during a missile or nuclear test in the Pacific impacts US military assets in Guam, triggering an overwhelming military response by the US.
- The United States lifted long-standing sanctions against Sudan on Friday, saying that it had made progress fighting terrorism and easing the human rights situation in the country, Reuters has reported. The Americans have also secured Khartoum’s commitment not to pursue arms deals with North Korea.
- In a move that completes a process begun by former President Barack Obama and which was opposed by human rights groups, President Donald Trump removed a US trade embargo and other penalties that had effectively cut Sudan off from much of the global financial system.
- “recent events have forced the United States Government to reassess the commitment of the Government of Turkey to the security of U.S. Mission facilities and personnel” and as a result “in order to minimize the number of visitors to our Embassy and Consulates while this assessment proceeds, effective immediately we have suspended all non-immigrant visa services at all U.S. diplomatic facilities in Turkey. ”
- Russia no longer even has to lift a finger (or buy a few thousands dollars worth of Facebook ads) to steal influence from the US in key geopolitical hotspots: the US can do so on its own.
- According to the WSJ, the Pentagon halted military exercises with Gulf allies in a symbolic rebuke to countries caught in the ongoing diplomatic spat with Qatar that has eroded counterterrorism cooperation in the region, soured relations between historical allies, and allowed outside powers to establish substantial footholds in the region
- Having failed at direct diplomacy, the US has decided to take a “passive aggressive” approach, and U.S. Central Command said that some exercises would be suspended in an effort to send a signal that the U.S. military seeks to work together with other nations in the region and encourage them to do so as well.
- The Pentagon’s reproach may in particular sting Saudi Crown Prince Mohammed bin Salman, the country’s minister of defense who is seen as one of the architects of the Qatar blockade, according to Andreas Krieg, assistant professor at King’s College in London for defense studies and a former adviser to Qatar’s military.
- Syrian President Bashar Al-Assad and the Chairman of Iran’s Committee for Foreign Policy and National Security Alaa’eddine Boroujerdi discussed the recent independence referendum in Iraqi Kurdistan during a meeting in Damascus on Thursday.
- During the meeting, the Syrian President rejected any attempt by the regime in Iraqi Kurdistan to “undermine the sovereignty and territorial integrity of the Republic of Iraq.”
- Consistently at or near the top of security software maker rankings, Russian-based Kaspersky Lab continues to attract suspicion, based on little to no evidence, of being a “threat” to US national security.
- This week, the allegations came out of the Wall Street Journal, which claimed that an NSA contractor who ran Kaspersky antivirus on his computer was hacked, and immediately concluded that Kaspersky hacked him to get NSA data for the Russian government.
- Kaspersky founder Eugene Kaspersky mocked the claim as “like the script of a C movie.” He offered an alternate explanation for the data loss, that the NSA tools on the computer were correctly identified as new forms of malware by Kaspersky’s software.
- Two days ago, Clark County Sheriff Lombardo for the first time expressed his conviction that Las Vegas gunman Stephen Paddock had to have help at some point during the tragic mass shooting, either in the preparation or the execution stage, or both.
- “Look at this. You look at the weapon obtaining the different amounts of tannerite available, do you think this was all accomplished on his own, face value? You got to make the assumption he had to have help at some point, and we want to insure that’s the answer. Maybe he’s a super guy… Maybe he’s super — that was working out this out on his own, but it will be hard for me to believe that.”
- Additionally, Sheriff Lombardo suggested that far from a suicide mission, authorities had seen evidence that the shooter planned to survive and escape.
- To be sure, the question whether Paddock was alone or coordinated with some, still unknown collaborator, has been one of the most hotly debated topics involving last Sunday’s tragic Las Vegas shooting.
- investigators are “puzzled” by two discoveries: First, a charger was found that does not match any of the cellphones that belonged gunman, Stephen Paddock. And second, garage records show that during a period when Paddock’s car left the hotel garage, one of his key cards was used to get into his room.
- It gets better: according to Paddock’s IRS records, the gunman was not only a legacy millionaire, he was a successful gambler, earning at least $5 million in 2015. Some of that could be from other investments, but most of it was from gambling,