Thursday, March 3, 2016

Information which probably won't be published or broadcast by our local media

Earnings Downgrades Turning Into Deluge as First Quarter Craters

Warren Buffet's papers have no interest 
in informing it's readers of what could make Berkshire Hathaway's stock suffer.

Same with the CEO's etc... of the big network TV outlets

Syria’s drought 'has likely been its worst in 900 years'

Mosul dam engineers warn it could fail at any time, killing 1 million people

Romney, 2016: “[ROMNEY:] Here’s what I know: Donald Trump is a phony, a fraud. His promises are as worthless as a degree from Trump University. He’s playing members of the American public for suckers: He gets a free ride to the White House, and all we get is a lousy hat” [CNN].

Romney, 2012: “[ROMNEY:] Donald Trump has shown an extraordinary ability to understand how our economy works to create jobs for the American people. He’s done it here in Nevada, he’s done it across the country… He’s one of the few people who stood up and said, you know what, China’s been cheating. They’ve taken jobs from Americans” [Political Wire].

“[TRUMP:] Mitt Romney is a stiff. Mitt Romney will not get elected. Mitt Romney failed twice and really failed last time. He was going against a president that should have been beaten” [Politico].

“Donald Trump and a small team of confidants began planning his White House bid just weeks after Mitt Romney’s 2012 loss to President Barack Obama.” [Wall Street Journal, “Donald Trump’s Presidential Run Was Long in the Making”]. “The businessman trademarked his “Make America Great Again” slogan in November 2012, according to federal records… Between 2012 and his presidential campaign launch last June, Mr. Trump gave more than $1 million to GOP candidates, super PACs and groups such as the Republican Governors Association, records show. He declined to renew his contract to host “The Apprentice” in early 2015.”

“The Koch brothers, the most powerful conservative mega donors in the United States, will not use their $400 million political arsenal to try to block Republican front-runner Donald Trump’s path to the presidential nomination” [Reuters]. Unless they’re lying. And who could tell, dark money being what it is? As we saw yesterday, Trump’s campaign manager used to work for the Kochs. So I dunno….

“Clinton is doing what pretty much every Republican in the country failed to do — she’s taking Trump seriously” [Alternet]. “Another way to damage Trump is to beat him at his own game. The Rand Corp. found recently that the biggest predictor for whether someone will support Donald Trump is if they believe that ‘people like me don’t have any say about what the government does.; To keep people from defecting to Trump, you need to make them feel like they have a stake in your campaign, which is probably where the Clinton people could learn a thing or two from Bernie Sanders’ campaign.” And won’t.

...“Life insurers are supposed to be bedrocks of financial stability, dependable institutions whose long-term business models set them apart from scandal-hit banks.” [Alastair Grey, Across the Curve]. “Yet shares in the leading US insurers, which help millions of Americans through retirement, have been anything but stable in recent weeks. Titans of the industry have been hit almost as hard as lenders in this year’s stock market rout….. The biggest worry is rock-bottom interest rates, which push up the value of the insurers’ liabilities and make it a struggle for them to generate adequate returns on their vast investment portfolios.”

...“Gov. Rick Snyder has hired two outside attorneys in connection with the Flint drinking water crisis, including a criminal defense attorney retained to serve as “investigatory counsel,” a Snyder spokesman confirmed Thursday” [Detroit Free Press]. “The contracts, which are to be paid with state funds, are just below the $250,000 threshold for contracts requiring approval from the State Administrative Board, which meets in public to approve state contracts and grants. Adler said that was by design because the governor wanted to hire the attorneys quickly in early February.”

Clinton chief attacks State Dept. watchdog

Warren = Hillary = DNC = 

Why Donald Trump's Tax Returns May Prove He's Not That Rich

The Trouble with Trump for Bankers

Revenge of the Simple: How George W. Bush Gave Rise to Trump

The rise of American authoritarianism

More than [91k+] sign petition to arrest Bill Clinton

DNC Chair Joins GOP Attack On Elizabeth Warren's Agency

Payday lenders get a new ally.

Like Warren Buffett's Clayton Homes

When a PE firm is through strip-mining a company.

Sports Authority, which had skipped a $20-million interest payment in January while trying to arm-twist subordinated bondholders into accepting a haircut, and which filed for Chapter 11 bankruptcy on Wednesday, isn’t the only retailer in the US that was taken over by private equity firms before the Financial Crisis.

The list is long: Neiman Marcus, Albertsons, Safeway, J. Crew Group, 99 Cents Only Stores, Bon-Ton Stores, Claire Stores, the Container Store…. And they all have problems.

Ukraine Bans Criticism Of The Government