MAY TAP OWN FUNDS
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Source: Drudge Report, MAY TAP OWN FUNDS
President Trump’s former personal attorney, Michael Cohen, compared the president to a cult leader in an interview with NBC set to air Tuesday evening.”I describe Mr. Trump as a cult leader, and I was in this cult,…
Source: The Hill, Cohen compares Trump to cult leader
He was the best player in the XFL
Source: The Daily Caller, P.J. Walker Makes The Carolina Panthers After Starring In The XFL
Source: CNN, Teyana Taylor gives birth in her bathroom again
In this episode of the Keiser Report, Max and Stacy look at the accumulation of debt in the United States in memory of David Graeber, author of ‘Debt: The First 5,000 Years’.
Max also talks to Otavio ‘Tavi’ Costa, portfolio manager at Crescat Capital, about credit exhaustion among other things.
They point out that the US Federal Reserve and other major central banks have a problem of maturing debt that they have to either let expire and experience a contraction or they have to print some more money and keep buying it for themselves to avoid the contraction. That, however, looks like a giant Ponzi scheme.
“So, we know that the decision of these bankers will be to print more and keep monetizing their own debt,” says Max. He adds that quantitative easing is the wrong term because that suggests it’s a temporary measure. “But we know now it’s a permanent measure, it’s debt monetization, which again is something characteristic of a ‘banana republic.’ That is what America used to criticize South American countries for doing.”
According to Max, “Buying back your own debt – that’s the banana republic. And now here’s America and other central banks doing that exact same thing.”
For more stories on economy & finance visit RT’s business section
The next young crop of NFL players is set to make their debut this season with a handful of them taking a starting role and pushing some players to latch onto rosters as backups.
Source: Fox News, NFL veteran players who will resort to backup roles in 2020
September 8, 2020
(Reuters) – U.S. taxpayer and conservation groups on Tuesday will urge the Trump administration to halt plans to sell oil and gas leases on more than 300,000 acres of public lands this month, saying prices are unlikely to be competitive due to the weakened state of the drilling industry.
The U.S. Bureau of Land Management will hold the first of six September lease sales in Nevada on Tuesday with an auction of 11 land parcels covering more than 15,000 acres. It will sell other leases later in the month in Wyoming, Montana, Colorado, Utah and several other states.
The sales come on the heels of a large federal auction in New Mexico https://www.reuters.com/article/us-usa-energy-new-mexico/u-s-oil-and-gas-auction-draws-tepid-bidding-from-weakened-drillers-idUSKBN25N332 last month that attracted far less interest from drillers than other recent sales in the state. The auction marked the resumption of the administration’s oil and gas leasing program following a five-month pause due to the economic impacts of the coronavirus pandemic.
But with the drilling industry still struggling with sharply lower prices and demand, critics say they are expecting similar poor returns from sales this month.
Federal budget watchdog organization Taxpayers for Common Sense and conservation groups Conservatives for Responsible Stewardship and the National Wildlife Federation will hold a press conference on Tuesday to urge Interior Secretary David Bernhardt to cancel the sales.
Leasing public lands to crippled oil and gas drillers makes it “impossible for taxpayers to get competitive prices for the land held in public trust,” the groups said in a statement. They also said drilling on public lands harms wildlife and the outdoor recreation economy.
Oil and gas drilling on public lands is a key part of the Trump administration’s efforts to boost domestic energy production. Later this year, it hopes to hold the first lease sale in California in seven years as well as the first in the Arctic National Wildlife Refuge.
(Reporting by Nichola Groom; Editing by Tom Brown)
September 8, 2020
LONDON (Reuters) – Airlines group IAG <ICAG.L> said on Tuesday it had obtained the necessary approvals to continue flying if no free-trade deal is agreed between Britain and the European Union.
“In compliance with the European Union connectivity regulation last year our airlines submitted their plans on ownership and control to the respective national regulators in Spain and Ireland,” Chairman Antonio Vazquez told the group’s AGM in Madrid, which was live streamed.
“We’re delighted to announce that regulators confirmed that these plans in case of a hard Brexit do comply with European Union connectivity regulations.”
(Reporting by Paul Sandle and Laurence Frost, editing by Louise Heavens)
South Africa’s economy shrank by 51% in the second quarter, its worst quarterly decline in at least a century and one of the steepest contractions recorded by any major economy during the coronavirus pandemic.
Source: WSJ World News, South Africa’s Economy Shrinks 51% as Lockdown Restrictions Hurt Businesses
After video of officers pinning the girl to the pavement amid protests went viral, police have reportedly claimed she was acting “suspicious.”
Source: CBS, Hong Kong police defend tackling 12-year-old girl to the ground
What do you think?
Source: The Daily Caller, TCU Didn’t Have Enough Players Ready To Play Against SMU September 11
Prince Harry repays taxpayer money for UK home renovation; Tom Cruise spotted on location in Norway shooting “Mission: Impossible 7”; Steve McQueen’s “Mangrove” to kick off October’s London Film Festival. (Sept. 8)
Source: USA Today, ShowBiz Minute: Prince Harry, Cruise, LFF
The numbers point to a second wave. To avoid this, ministers need to take hard decisions – and make their reasoning clear
As Spain, France and Germany start to struggle with rising Covid-19 cases, alarm bells are ringing again in the UK. Over the weekend, 3,000 new people tested positive for Covid-19 in a 24-hour period, and dozens of schools in England and Wales have reported outbreaks. While the number of hospitalisations is still low, the trajectory of the US, France and Spain suggest that hospitalisations tend to follow increased case numbers by several weeks. It’s impossible to have a high number of infections and community transmission and not have vulnerable or elderly individuals hospitalised. They live with and among all of us.
Source: The Guardian Politics, Coronavirus cases are rising again in the UK. What will happen next? | Devi Sridhar
Activist and rapper Genesis Be helped ignite a nationwide conversation around symbols of racism that eventually led to her home state of Mississippi to retire its flag. (Sept 8)
Source: USA Today, Activist brings awareness through hip-hop, poetry
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Source: Drudge Report, Shots fired on India-China border first time in decades as tensions flare…
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Japan’s Olympics minister said the country was determined to go ahead with the Summer Games next year despite some skepticism about whether athletes from around the world can safely participate in Tokyo.
Source: WSJ World News, Tokyo Olympics Can Coexist With Covid-19, Organizers Say
Good for him
Source: The Daily Caller, Bills CB Tre’Davious White Gets Emotional Talking About His Family After Signing Million Extension
The battery-powered drag racer was designed to demonstrate the potential of electric power.
Source: Fox News, Watch: Electric Ford Mustang Cobra Jet 1400 loses drag race to gas-powered Mustang, but bests Chevy
Harris and Pence come to Wisconsin bearing two very different messages, while Biden and Trump accuse each other of politicizing the virus.
Source: Failing New York Times, Kamala Harris Visits Wisconsin