• Swordsmyth's Avatar
    Today, 01:40 AM
    The majority of French people are not satisfied with a series of new economic policies unveiled by President Emmanuel Macron this week, and say that the Gilets Jaunes (Yellow Vest) protests should continue, according to a new poll. According to a poll by Odoxa, 59% of French say that they are not convinced by Macron, despite finding his proposal "satisfactory," according to Le Figaro. Just 21% found Macron's new policies convincing despite viewership for his speech jumping 40% over a speech last month. That said, while Macron may have failed to win his people over - most of those polled agreed with his specific proposals; 61% favored the minimum wage boost, 55% liked the tax-free year-end bonuses and 85% of those surveyed backed no tax on overtime pay. 54% of those surveyed said the Yellow Vest protests should continue. Many of the Yellow Vests have flat-out rejected Macron's proposals, according to European-Views. More at: https://www.zerohedge.com/news/2018-12-12/macron-faces-no-confidence-vote-protesters-reject-economic-crumbs
    95 replies | 1387 view(s)
  • Swordsmyth's Avatar
    Today, 01:35 AM
    As any liberal judge will tell you it isn't unconstitutional because they aren't soldiers.;) (Amendment 3 - Quartering Soldiers)No Soldier shall, in time of peace be quartered in any house, without the consent of the Owner, nor in time of war, but in a manner to be prescribed by law.
    11 replies | 112 view(s)
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    3 replies | 62 view(s)
  • Swordsmyth's Avatar
    Yesterday, 10:24 PM
    Venezuela's economic depression has claimed yet another victim, as Goodyear Tire announced it would shutter its Venezuela operations and lay off its entire local workforce, the latest foreign corporation to close shop in the crisis-torn county. On Monday, employees arrived at the company’s lone plant in the industrial city of Valencia to find it closed with a letter posted on the door. “Goodyear Venezuela has been forced to cease operations,” according to a copy seen by Bloomberg. The departure of foreign companies from Venezuela is hardly surprising: in fact, it is remarkable that Goodyear manages to last as long as it did. What was more notable was how the company said goodbye to its employees one last time. According to Eduar Bremo, a member of Goodyear’s factory-workers union, the company is not only paying (token) severance packages to its more than 1,200 employees but is also giving each 10 tires, which have become hugely valuable in the shortage-wracked socialist paradise. According to Bremo, the plant produced some 1,000 tires a day, but a lack of materials and soaring costs forced it to shut its doors. Years of economic depression and a hostile government have forced companies such as Kellogg and Kimberly-Clark to abandon Venezuela as hyperinflation rendered most of their business conducted in local currency unsustainable. Other companies have slashed their work forces and limited their product offerings as they hold out for better days. Last week, Ford Motor began offering its employees buyouts as it further scaled back its remaining Venezuela operations. It was unclear if Ford would give out cars as a parting gift to its local employees. https://www.zerohedge.com/news/2018-12-12/goodyear-shutters-venezuela-plants-gives-out-tires-severance
    1 replies | 41 view(s)
  • Swordsmyth's Avatar
    Yesterday, 10:21 PM
    It's not a crime and the liars selling out to the left do nothing to change that.
    3 replies | 94 view(s)
  • Swordsmyth's Avatar
    Yesterday, 10:09 PM
    The automobile industry in China has been crippled, partly as a result of this trade war, partly due to the ongoing domestic economic slowdown in the mainland, and absent major subsidies - which don't appear to be coming - the outlook for the rest of 2018 and 2019 is not promising. The collapse has been historic and according to new data, continued through November. November data confirmed a continuation of the ugly trends that we discussed last month. For instance, passenger vehicle wholesales were down 16.1% on the year, according to the China Association of Automobile Manufacturers. This data includes sedans, SUVs and crossover utility vehicles. November vehicle wholesales were also down well into the double digits, dropping 13.9% to 2.55 million units year-over-year. Total retail passenger vehicles fell 18% on the year and SUV sales fell 20.6% year-over-year to 854,289 units, according to the Passenger Car Association. As a result, CICC now expects China's full year production and sales to drop more than 5% year-over-year for 2018. This would be the first annual decline in Chinese car sales in nearly three decades. They also predicted that inventory levels at dealerships across the country will likely continue to rise as automakers "stuff channels" in hopes of fooling investors that sales are stronger than they are. The sales data for November suggested "much weaker demand in lower end segments and fears competition in the SUV market" according to the CICC note. They association concluded that a turnaround for the sector is only likely after Spring Festival, which occurs in the beginning of February. CICC found that domestic brands are becoming more competitive in new energy vehicles and SUV’s, while Japanese carmakers still have the advantage in sedans. To be sure, this should not come as a surprise to regular readers as we have been reporting on the anemic numbers coming out of China in both October and November, although the severity of the slowdown has caught even the optimists by surprise.
    685 replies | 19554 view(s)
  • Swordsmyth's Avatar
    Yesterday, 10:09 PM
    The automobile industry in China has been crippled, partly as a result of this trade war, partly due to the ongoing domestic economic slowdown in the mainland, and absent major subsidies - which don't appear to be coming - the outlook for the rest of 2018 and 2019 is not promising. The collapse has been historic and according to new data, continued through November. November data confirmed a continuation of the ugly trends that we discussed last month. For instance, passenger vehicle wholesales were down 16.1% on the year, according to the China Association of Automobile Manufacturers. This data includes sedans, SUVs and crossover utility vehicles. November vehicle wholesales were also down well into the double digits, dropping 13.9% to 2.55 million units year-over-year. Total retail passenger vehicles fell 18% on the year and SUV sales fell 20.6% year-over-year to 854,289 units, according to the Passenger Car Association. As a result, CICC now expects China's full year production and sales to drop more than 5% year-over-year for 2018. This would be the first annual decline in Chinese car sales in nearly three decades. They also predicted that inventory levels at dealerships across the country will likely continue to rise as automakers "stuff channels" in hopes of fooling investors that sales are stronger than they are. The sales data for November suggested "much weaker demand in lower end segments and fears competition in the SUV market" according to the CICC note. They association concluded that a turnaround for the sector is only likely after Spring Festival, which occurs in the beginning of February. CICC found that domestic brands are becoming more competitive in new energy vehicles and SUV’s, while Japanese carmakers still have the advantage in sedans. To be sure, this should not come as a surprise to regular readers as we have been reporting on the anemic numbers coming out of China in both October and November, although the severity of the slowdown has caught even the optimists by surprise.
    61 replies | 1425 view(s)
  • Swordsmyth's Avatar
    Yesterday, 10:05 PM
    For a trade war that was supposed to be between the US and China, Canada has found itself increasingly in the middle of the crossfire. And so after the arrest of a former Canadian diplomat in Beijing in retaliation for the detention of the Huawei CFO in Vancouver, Canada said a second person has been questioned by Chinese authorities, further heightening tensions between the two countries. The second person reached out to the Canadian government after being questioned by Chinese officials, Foreign Minister Chrystia Freeland said, at which point Canada lost contact with him. His whereabouts are currently unknown and Global Affairs Canada said they are in contact with his family. "We haven’t been able to make contact with him since he let us know about this,” Freeland told reporters Wednesday in Ottawa. "We are working very hard to ascertain his whereabouts and we have also raised this case with Chinese authorities." According to the he Globe and Mail, the man was identified as Michael Spavor, a Canadian whose company Peaktu Cultural Exchange brings tourists and hockey players into North Korea. He gained fame for helping arrange a visit to Pyongyang by former NBA player Dennis Rodman, and he met North Korean leader Kim Jong Un on that trip, the newspaper reported. Attempts to reach Spavor on his contact number either in China, or North Korean went straight to voicemail. Spavor's personal Facebook page contains several images of him with North Korean leader Kim Jong-un including one of him with both Jong-un and former Dennis Rodman at an undisclosed location. More at: https://www.zerohedge.com/news/2018-12-12/second-canadian-citizen-disappears-china
    1 replies | 37 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:58 PM
    Pope Francis has removed two cardinals from his informal cabinet after they were implicated in the Catholic Church's sex abuse and cover-up scandal, shedding embarrassing advisers ahead of a high-stakes Vatican summit on abuse early next year.The Vatican said Wednesday that Francis in October had written to Chilean Cardinal Javier Errazuriz and Australian Cardinal George Pell thanking them for their five years of service on the so-called Group of Nine, or C-9. Francis also bid farewell to Congolese Cardinal Laurent Monsengwo Pasinya, who hasn't been implicated in the scandal but at age 79 recently retired as archbishop of Kinshasa. Errazuriz, 85, has been accused by Chilean abuse survivors of having covered up for predator priests while he was archbishop of Santiago, a charge he has denied. Pell, 77, took leave from his job as the Vatican's economy minister to stand trial in his native Australia on historic charges of sex abuse, which he denies. Their continued presence on the C-9 had been a source of scandal for Francis, given the explosion of the abuse and cover-up crisis this year. Francis himself was implicated in the scandal after he strongly defended a Chilean bishop accused of covering for the country's most notorious predator priest — a position he took apparently on the advice of Errazuriz. More at: https://www.yahoo.com/news/pope-cuts-3-cardinals-cabinet-2-implicated-scandal-124845016.html
    0 replies | 23 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:57 PM
    Russia fined Google 500,000 roubles ($7,530) on Tuesday for failing to comply with a legal requirement to remove certain entries from its search results, Russia's communications watchdog was quoted as saying by TASS news agency.Russia said last month that it had opened a civil case against Google as it had not joined a state registry that lists banned websites that Moscow believes contain illegal information and was therefore not compliant with the law. Alexander Zharov, head of watchdog Roscomnadzor, said Russia could open a new case against Google if it did not fall in line with the law, TASS reported. Google did not reply to a request for immediate comment. More at: https://www.yahoo.com/news/russia-fines-google-not-complying-search-results-law-105648989--finance.html
    0 replies | 22 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:55 PM
    No comrade, the taxes will double and when you lose your house you will have a right to live in a government dorm.
    11 replies | 112 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:53 PM
    An Egyptian prosecutor ordered on Tuesday that a lawyer be detained for 15 days after the publication of a picture of him wearing a yellow vest similar to those worn by protesters in France, a local rights activist said. Two security sources said Ramadan had been found in possession of eight such vests. The Alexandria prosecutor's office did not immediately respond to a request for comment. More at: https://www.yahoo.com/news/egyptian-lawyer-held-wearing-yellow-vest-sales-restricted-191559125.html
    1 replies | 49 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:46 PM
    ...
    9 replies | 117 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:37 PM
    It's ex post facto too:
    9 replies | 117 view(s)
  • Swordsmyth's Avatar
    11 replies | 112 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:19 PM
    Rep. Nancy Pelosi all but ensured Wednesday that she will become House speaker next month, quelling a revolt by disgruntled younger Democrats by agreeing to limit her tenure to no more than four additional years in the chamber's top post.Within moments of announcing she would restrict her time in the job, seven of her critics distributed a statement promising to back the California Democrat. Under the deal, House Democrats will vote by Feb. 15 to change party rules to limit their top three leaders to no more than four two-year terms, including time they've already spent in those jobs."I am comfortable with the proposal and it is my intention to abide by it whether it passes or not," Pelosi said in her statement. Pelosi's opponents have argued it was time for younger leaders to command the party. They also said her demonization as an out-of-touch radical in tens of millions of dollars' worth of Republican television ads was costing Democrats seats. While some Democrats are still certain to vote against Pelosi — especially incoming freshmen who promised to do so during their campaigns — most Democrats have remained solidly behind her. She's been a strong fundraiser and unrelenting liberal who doesn't shy from political combat, and her backers complained that her opponents were mostly white men who were largely more moderate than most House Democrats. To be nominated to a fourth term under the agreement, Pelosi would need to garner a two-thirds majority of House Democrats. Several aides said they believed restlessness by younger members to move up in leadership would make that difficult for her to achieve. The limits would also apply to Pelosi's top lieutenants, No. 2 leader Steny Hoyer of Maryland and No. 3 leader James Clyburn of South Carolina. Both are also in their late 70s. Rep. Ed Perlmutter, D-Colo., was among 16 Democrats who had signed a letter demanding new leadership but who ultimately helped negotiate the deal with Pelosi.
    45 replies | 1021 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:09 PM
    If legalized ballot harvesting fraud isn't enough what about this: An ex post facto tax?
    6 replies | 181 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:06 PM
    Or there would need to be enough public outcry, that is why I want to know what it would take to get Rand to talk about it and hold hearings about it. If legalized ballot harvesting fraud isn't enough what would be? Will it take an armed uprising against single party/voter fraud rule in California?
    20 replies | 251 view(s)
  • Swordsmyth's Avatar
    Yesterday, 09:02 PM
    It doesn't matter, he is allowed to place any restrictions he sees fit on their entry and he sees fit to place an asylum restriction on illegal entry.
    20 replies | 420 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:56 PM
    Perhaps that could lead to the ideal solution, a division of California with the leftists allowed to leave as an independent country and the red counties kept as the state of California. The event and the place will make all the difference as you say.
    20 replies | 251 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:46 PM
    Now nearly a week removed from the OPEC+ agreement, confidence in the efficacy of the deal is becoming shaky. Immediately after OPEC+ announced cuts of 1.2 million barrels per day (mb/d), a flurry of reports from oil analysts and investment banks congratulated the group on a job well done. After all, the 1.2 mb/d figure was larger than the market had anticipated. However, reality is beginning to set in. First, the cuts might not be realized in January, despite the promise. Russia indicated that it was going to slow walk the cuts, phasing in an initial 50,000 to 60,000 bpd in reductions in January. This is significant because Russia is the main actor in the non-OPEC cohort. The non-OPEC group is expected to slash output by 400,000 bpd, but if Russia is only going to do its part gradually over the next few months, the non-OPEC cuts might not reach the promised levels anytime soon. Moreover, because there are no country-specific allotments, it will be hard to hold any producer accountable. That undermines confidence in the deal. “Compared to early last week, the outcome was rather disappointing, the whole process wasn’t convincing, and it’s still uncertain whether they will actually cut,” ABN Amro senior energy economist Hans van Cleef told Bloomberg. While oil traders are suddenly doubting the integrity of the deal, even if OPEC+ were to adhere to its promised cuts, it still might not be enough. That’s because there are other factors that could leave the market oversupplied. Cracks in the global economy are growing, demand is showing signs of strain, and supply continues to rise. The EIA just issued its latest Short-Term Energy Outlook, and the agency still expects significant production growth from U.S. shale despite the downturn in prices. The EIA lowered its forecasted 2019 WTI prices by $10 per barrel from its previous report, yet it kept its supply forecast unchanged – it still thinks that U.S. oil production will rise from 10.9 mb/d in 2018 to 12.1 mb/d in 2019, despite the significant downward revision in prices. More at: https://oilprice.com/Energy/Crude-Oil/Why-The-OPEC-Deal-Wont-Cut-It.html
    646 replies | 21478 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:43 PM
    It’s the time of the year when oil companies start announcing their budgets for next year and besides a steady albeit guarded optimism, one thing stands out: oil majors are doubling down on their shale endeavors. Chevron, ConocoPhillips, and Hess Corp all announced their capex plans for next year in the last few days and all three have big plans for U.S. shale. In fact, Conoco said it would allocate half of its budget on onshore operations in the United States, while Hess Corp said the bulk of its US$1.89 billion production growth budget, or US$1.425 billion, would be poured into the Bakken play. Chevron has earmarked US$3.6 billion for expanding its production in the Permian and another US$1.6 billion will be invested in other shale plays in the United States. That makes a total of US$5.2 billion for U.S. shale, which is substantially higher than this year’s budget of US$4.3 billion. Anadarko, which made its 2019 spending plans public last month, said it planned to allocate more than two-thirds of its 2019 budget to shale operations, with a particular focus on the Delaware Basin in the Permian and the DJ basin in Colorado. According to Bloomberg, shale has become “a safe haven” for Big Oil amid the recent increased volatility in prices. The argument is that shale production costs are much lower than a few years ago and combine with the opportunity for a steady production increase and quicker returns than conventional projects. More at: https://oilprice.com/Energy/Energy-General/Big-Oil-Doubles-Down-On-Shale-Despite-Price-Drop.html
    646 replies | 21478 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:41 PM
    What part of "any restrictions he may deem to be appropriate.” do you not understand? He sees fit to restrict them from applying for asylum.
    20 replies | 420 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:37 PM
    From asylum:
    20 replies | 420 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:35 PM
    State-controlled China National Petroleum Corporation (CNPC) has suspended investment in the giant South Pars gas field in Iran, following pressure from the United States and in an attempt to steer clear of U.S.-China tensions amid the ongoing trade talks, Reuters reported on Tuesday, quoting three Chinese state oil executives. “China sees the relationship with the U.S. as paramount over anything else. As a state-owned entity CNPC will stay clear of bringing any unwanted trouble into this relationship as the U.S. China trade talks are under way,” an official familiar with CNPC’s global strategy told Reuters. More at: https://oilprice.com/Latest-Energy-News/World-News/Chinas-CNPC-Halts-Iran-Gas-Investment-Under-US-Pressure.html
    392 replies | 16300 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:31 PM
    The government hasn't decided to take it over yet.
    6 replies | 196 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:29 PM
    The law gives him the authority to exclude anyone he wants.
    20 replies | 420 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:28 PM
    California considers text messaging tax to fund cell service for low-income residents Started by Brian4Liberty, Today
    9 replies | 117 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:25 PM
    On Wednesday, the House passed an $867 billion farm bill to help those workers in the agricultural industry, sending the legislation to President Trump for a signature. The measure easily passed with a 369-47 vote. The legislation, which previously passed the Senate in an 87-13 vote on Tuesday, expands farm subsidies and according to The Hill, includes language legalizing hemp production. The twice-a-decade legislation provides a safety net for farmers hit with unexpected weather or by tariffs, as well as to low-income Americans struggling to feed themselves and their families. According to the NYT, it is one of the most politically sensitive pieces of legislation Congress passes, balancing the demands of urban legislators hoping to maintain or increase funding for nutrition programs and rural lawmakers seeking to protect farmers, a divide brought into sharp relief this year as negotiations continued months after the previous bill’s Sept. 30 expiration date. While the bill also provides funding for farmers markets and programs for organic farmers as well as authorizes funding for nutrition programs over the next five years, it did not include an earlier provision aimed at placing stronger work requirements for food stamps to the dismay of conservatives. Democrats, who will have a majority in the House starting in January, strongly opposed the provision — which received strong support from House Republicans and President Trump — arguing the change would be detrimental to the safety net relied upon by low-income earners. Lawmakers passed the legislation following months of negotiations, with Congress allowing the current farm bill to lapse on Sept. 30 after struggling to come to a consensus over changes to the Supplemental Nutrition Assistance Program (SNAP). But while stronger work requirements did not make it into the final text, the bill does make some changes to the SNAP program. Under the legislation, an interstate data system would be established to prevent multiple states from issuing SNAP benefits to the same individual simultaneously. The bill only narrowly advanced past a rules vote earlier in the day after language was tucked into a procedural rule preventing for the rest of the year a floor vote on any war powers resolution limiting the U.S. involvement in Yemen. The move sparked backlash from a number of lawmakers. Democratic Rep. Jim McGovern blasted it, urging his colleagues to vote against the rule ahead of it coming to the floor. "Mr. Speaker, I wanted to be able to vote for this rule today since I said I was going to support the underlying legislation, but my Republican friends screwed it up again," McGovern said during floor debate. "Because tucked inside this rule is language that turns off fast-track procedures for all Yemen resolutions through the end of this Congress. That's right — the Republican leadership has declared that the worst humanitarian conflict in the world, where the U.N. has just announced famine is taking place due to the war, is not worth the time and attention of the people's House." Lawmakers included the provision as the Senate appeared poised Wednesday to approve a resolution using the War Powers Act to force a withdrawal of U.S. troops in or "affecting" Yemen within 30 days unless they are fighting Al Qaeda.
    2 replies | 54 view(s)
  • Swordsmyth's Avatar
    Yesterday, 08:06 PM
    The White House announced late in the day Wednesday that Russia will withdraw its long range nuclear capable bombers parked in Venezuela since Monday which flew to Caracas on a 10,000km mission in a show of support for socialist President Nicolás Maduro. White House spokeswoman Sarah Sanders stated "the planned departure came after the Trump administration spoke with Russian officials," according to a breaking WSJ report. More at: https://www.zerohedge.com/news/2018-12-12/russia-withdraw-bombers-venezuela-after-white-house-pressure
    92 replies | 2779 view(s)
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    Sure it does. The folks with solid red deserve it. If you can point me to one who doesn't, then I'll try to help them out.
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Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

Robert Heinlein

Give a man an inch and right away he thinks he's a ruler

Groucho Marx

I love mankind…it’s people I can’t stand.

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Alexis de Torqueville

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Those who learn from the past are condemned to watch everybody else repeat it

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