The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

Social Security Recipients Could See Larger Payment Adjustment In 2027 Amid Higher Inflation Authored by Jack Phillips via The Epoch Times (emphasis ours), A senior citizens group has forecast that the cost-of-living adjustment (COLA) for Social Security payments will increase by 3.9 percent next year, more than 1 percentage point higher than last month’s prediction. Blank U.S. Treasury checks are run through a printer at the U.S. Treasury printing facility in Philadelphia, on July 18, 2011. William Thomas Cain/Getty Images The Senior Citizens League, which issues monthly projections on the COLA for Social...

BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project By Tsvetana Paraskova of OilPrice.com BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday. BP is selling the 5% stake, out of its total of its 44% interest, to South Korea's GS Energy. “The dilution reflects BP’s disciplined approach to portfolio management by bringing in a committed partner,” BP said in a statement emailed to Reuters. The Browse LNG project in Australia, proposed by...

Is the US riding an “everything bubble” to the next crisis? Mark Thornton joins Paul Buitink to diagnose the dollar, the debt, and the Fed’s distortion machine.