Pentagon Tells Lawmakers It Needs Additional $80 Billion for Iran War and Other Costs

American Consumers Have Never Been Less Confident Despite Inflation Fears Easing; UMich With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for a continued slide (already at record lows) in the American consumer's sentiment in preliminary UMich data for May released today. And while the expectations were correct in direction, once again they underestimated just how bad things are as the headline UMich print fell from 49.8 to 48.2 (a new record low and below the 49.5 expectation). Under the hood was more mixed with Current Conditions tumbling...

Samsung, South Korean Union Resume Talks As Strike Threat Risks Disrupting Memory Chip Fabs Heavy selling swept across Asian markets on Friday, with South Korea's benchmark KOSPI plunging 6% as traders aggressively reduced exposure to the country's semiconductor sector. Samsung Electronics and SK Hynix led the decline. The catalyst for the sell-off was labor action risk headlines at Samsung, where the company's union threatened a strike that could disrupt production lines at the world's largest memory chip manufacturer. By Saturday morning, there was a major sigh of relief: Samsung and its...

On The War For The Soul Of Our Nation... Authored by James Howard Kusntler, Werewolves Of London “To use language to obscure reality is to show ‘indifference regarding the truth’ - to lie to the public and cease to treat our fellow citizens as equals.”  - Justice Clarence Thomas Now that the grand 250th USA birthday party is over - the speeches, the shrieking warplanes, the dazzling fireworks, the speeches and strawberry shortcake - there is only one way this thing can go. What thing? The war for the soul of the nation. Some mysterious somebody...