Savings Rate Highest In 6 Months As Fed's Favorite Inflation Indicator Rises Near 2-Year High

CIA Releases Video To Recruit Spies In China Amid Xi's Top Brass Purge The CIA rolled out a new recruitment video Thursday aimed squarely at prying open cracks inside China's military establishment - already as a Xi CCP purge of top military officials has been underway, according to Reuters. This latest video features a "disillusioned mid-level Chinese military officer" pitching other officers in the People’s Liberation Army (PLA) on the idea of quietly switching sides and feeding US intelligence - which seems a bit on the nose. Reuters described the release...

Offload Risks Onto The Bottom 90% And Immiseration Follows Authored by Charles Hugh Smith via OfTwoMinds blog, The underlying story of the past 50 years has been the offloading of risk onto workers and consumers. On my map of how the world works, we start with structures of control that distribute the good stuff--resources, assets, income and power--and the bad stuff: costs, losses and risks. As I explained in The US Economy In a Nutshell: Privatize the Gains, Socialize the Costs, the current arrangement distributes the gains to the top 10% and the costs and risks to...

Europe Fails To React To Ukrainian Drone Incidents Authored by Lucas Leiroz de Almeida via Global Research, Recent drone incidents in European countries, especially in the Baltic states, are generating controversy among those who support the war with Russia. Some argue that Ukraine is merely defending itself against “Russian aggression,” with these “accidental” occurrences being an inevitable side effect of hostilities. Others believe that Kiev should act more cautiously to avoid harming partner countries. Meanwhile, drones continue to crash in Europe without a definitive solution being presented for this issue. Recently, a...