Trump Invokes Defense Production Act As US Moves To Rebuild Weapons Stockpiles

Fake Records May Have Put Untrained Drivers On America's Roads Authored by David Manney via PJMedia.com, Fake training records can move an unprepared driver one step closer to a commercial license. Transportation Secretary Sean Duffy and Homeland Security Secretary Markwayne Mullin are now investigating about 75 entry-level driver training schools suspected of doing exactly that. Federal Motor Carrier Safety Administration (FMCSA) has identified approximately 75 entry-level driving training schools suspected of fraudulent activities, including using improper driver certifications, falsifying training records, and failing to properly train drivers applying for CDLs, among other violations. USDOT will engage DHS’s Homeland...

US New Home Sales Tumbled In April As Prices Soared With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down  Source: Bloomberg Overall, new home sales have really gone nowhere for four years... It seems lower mortgage rates did nothing to help new...

The US has launched another airstrike in Somalia, according to a press release from US Africa Command, as the Trump administration continues its record-shattering bombing campaign in the country, which is ignored by US media. AFRICOM said that the strike was launched on July 30 and targeted al-Shabaab near the village of Jamaame in Somalia’s […]