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“These Problems Aren’t Going Away” – States Are Woefully Unprepared For The Next Recession

It’s no secret that the finances of most US states are in shambles. For many, overly generous pension benefits have led to severe underfunding that threatens to drain state coffers, like in Illinois, where pension liabilities ballooned by a cumulative 1,067% between 1987 and 2016 while revenues for the state’s general fund rose just 236% […]

DARPA’s Secretive “Phantom Express” Hypersonic Spaceplane Passes Key Test

DARPA selected the Boeing Company in May 2017 to complete advanced design work for the Agency’s Experimental Spaceplane (XS-1) program, which intends to develop and fly the first of an entirely new class of hypersonic spacecraft that would bolster national security by providing short-notice, low-cost satellite launches into low Earth Orbit (LEO). “The XS-1 would be neither […]

Watch: Fierce Gun Battle Erupts Between Mexican Troops And Cartel Gunmen Near Texas Border

Laredo Morning Times, a daily newspaper based in Texas, said a series of gun battles erupted earlier this week in west Nuevo Laredo, a city that resides across from Laredo, Texas, and ended near a Wal-Mart shopping center in the Sister City by Avenida Reforma and Bulevar Emiliano Zapata. Source: Breitbart Texas / Cartel Chronicles According to Breitbart News, […]

Yuan ‘Death Crosses’ As Default Wave Forces Chinese Banks To Raise Capital

According to survey data by Bank of America Merrill Lynch, stretching back to 2009, investors have never been so bearish of Asian bonds in history. Investors see China’s liquidity tightening… As the PBOC cracks down on the leverage in the shadow banking system… And domestic bond defaults surging, sparking major fund outflows that are weighing […]

Socialism Won

Authored by Robert Gore via Straight Line Logic blog, If she’s elected and goes to Washington, socialist Alexandria Ocasio-Cortez will feel right at home… Socialism: “A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by community as a whole” (Oxford Dictionary), […]

Facebook Users Marked With “Treason” Label

Beleaguered social media giant Facebook has removed “treason” from their database of the keywords assigned to users for advertising purposes, the company stated Wednesday after Danish state broadcaster DR reported its existence. Company spokesman Joe Osborne replied “National treason was an advertising interest because of its historical significance, but as it is an illegal act, […]

Saudi Arabia Issues Sweeping Pardon For Military Engaged In Yemen War

Authored by Adam Dick via The Ron Paul Institute for Peace & Prosperity, On Tuesday, the Saudi Arabia government issued a pardon providing its military members involved in the Saudi Arabia-led and United States-supported war on Yemen with sweeping protection from potential penalties. A statement announcing the pardon, published by Saudi Arabia’s government news agency SPA, did not mention any particular […]

Hacker Busted Trying To Sell Stolen Military Drone Documents On Dark Web

An unidentified hacker tried to sell stolen US military documents containing “Reaper” combat drone information over the dark web last month, according to cybersecurity research firm Recorded Future who spotted the attempted sale. The hacker sought buyers for maintenance documents about the MQ-9 Reaper drone, a remotely controlled aerial vehicle used by the Pentagon and […]

Treasury Department Responsible For Trade Policy Rocked By Wave Of Departures

President Trump’s war on the Washington swamp has had some unintended casualties at the Treasury Department’s international affairs unit – which Bloomberg characterized as a “key office in the Trump administration’s escalating trade battles with China and Europe” – as roughly 10% of the department’s career staff have quit since September. And President Trump’s federal […]