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“The Alternative Is Disaster”: New York Restaurants Demand Permission To Levy Food Surcharge

At the end of 2015, just before New York State hiked minimum wages, we warned that the price of food was about to surge as restaurant managers passed through rising wages to end clients. Meanwhile, some restaurants, worried about losing their clients, opted to instead eliminate tipping entirely – that primary source of incremental wages […]


Morgan Stanley: There’s A Simple Reason Why Stocks Are Not Rallying On Strong Earnings

One of the vexing problems that has emerged this earnings season is why, despite blockbuster earnings, do most stocks fail to rise, or in many cases sink promptly after reporting stellar numbers. According to Morgan Stanley’s Chris Metli, executive director in the bank’s Institutional Equity Division, the answer is as follows: on one hand, the […]


Peso Pummelled After Mexico’s Leading Party Warns ‘Confiscation Is Coming’

The peso is down over 1% today, not helped by remarks from a co-founder of the party led by leading presidential candidate Andrés Manuel López Obrador has sparked controversy by advocating the expropriation of companies that refuse to cooperate with an AMLO administration if he wins the July 1 election. “If businesses won’t cooperate, expropriate…” […]


China’s Out Of Control Borrowing Binge Leads The Global Debt Addiction

Authored by Alex Deluce via GoldTelegraph.com, China has developed a craving for consumer goods, the more luxurious, the better. Along with most other countries, China’s credit boom and spending spree are being followed by out-of-control debt. While household debt is spiraling, the Chinese government is pushing to double the size of the economy by 2020 (setting […]


Credit-Card Companies Explore New Ways To Monitor Gun Purchases

Following the deadly Valentine’s Day shooting in Parkland, Fla., banks and credit card companies considered blocking consumers’ gun purchases as corporate America engaged in a marathon virtue-signaling session to prove to their customers that they too care about the lives of students being endangered by gun violence. Of course, these bans would’ve likely been temporary. […]


Almost 2/3 Of Americans Have Given Up On Political Parties, Citing Corruption In Government

Authored by Mac Slavo via SHTFplan.com, Disillusioned by the promises of politicians and convinced that the entire political system is irreparably corrupt,  many Americans will be staying out of the voting booth for the 2018 elections. This isn’t new, however, as many refused to vote in 2016 as well. Respondents told poll takers at USA Today and […]


“He’s An Idiot”: John Kelly Reportedly Insults Trump In Front Of Aides, Plans May Departure: NBC

White House chief of staff John Kelly has reportedly been undermining morale in the West Wing in recent months – commenting to aides that President Trump is an idiot, while touting himself as the “savior of the country,” reports NBC News, citing “eight current and former White House officials.” The officials said Kelly portrays himself […]


Is This The Collapse You Ordered…?

Authored by James Howard Kunstler via Kunstler.com, I had a fellow on my latest podcast, released Sunday, who insists that the world population will crash 90-plus percent from the current 7.6 billion to 600 million by the end of this century. Jack Alpert heads an outfit called the Stanford Knowledge Integration Lab (SKIL) which he started at Stanford University in […]


“Deja Vu All Over Again” In Korea

Via Global Macro Monitor, That was then (2005), North Korea vows to abandon nuclear weapons project Cautious welcome by Bush for road map deal Aid and US promise not to invade seals agreement North Korea has agreed in principle to end its nuclear weapons programme and rejoin the international non-proliferation treaty, marking the biggest breakthrough […]