Rolls-Royce targeting mini nuclear power stations by 2029

Firm tells BBC it wants small modular reactors up and running across the country before the end of the decade Rolls-Royce is aiming to have mini nuclear power stations up and running across the UK from 2029, claiming its smaller reactors can produce energy at a cost comparable to renewables projects.   The engineering giant […]

Business survey suggests U.S. labor market may have peaked

WASHINGTON (Reuters) – There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and job growth could slow this year. FILE PHOTO: People attend TechFair LA, […]

Oil extends declines as fears grow over China virus

TOKYO (Reuters) – Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand, even as Saudi Arabia’s energy minister sought to calm the market. FILE PHOTO: Pump jacks operate at sunset in Midland, […]

Dead Hand: Russian Real-Life Doomsday Machine

Submitted by SouthFront, The existing system of international relations and arms control treaties is slowly, but steadily crumbling. The Intermediate-Range Nuclear Forces Treaty is dead, with both Washington and Moscow publicly developing previously banned short-to-medium range missiles. The New START (Strategic Arms Reduction Treaty) is also moving towards its end in 2021, and it is […]

CIA Waterboarding Architect Confirms Sadistic Role Of 'The Preacher'

One of the architects of the US government’s waterboarding program, known as “enhanced interrogation techniques,” confirmed the role of a CIA officer known only as “the Preacher,” who would provoke detainees on a deeply religious level while working to extract information from them. According to James Mitchell – one of three men authorized by the […]

Virtue Signaling Is A Cheap Investment For Goldman Sachs

Authored by Tim Kirby via The Strategic Culture Foundation, Goldman Sachs has made a major stand for diversity by declaring that they are going to start “refusing IPOs if all directors are white straight men”. This is unusual because most diversity pushes come from the mainstream media or companies that offer concrete consumer products and […]

PPE For A Pandemic: A Guide To Personal Protective Equipment And Masks

Authored by Cat Ellis via The Organic Prepper blog, One of the problems with prepping for a pandemic is getting accurate information. When there’s a potential for a highly contagious and potentially deadly disease, people panic. Governments do what they can to minimize panic. This includes protective measures, like restricting travel. It can also mean controlling the […]

Das Warns 'Prepare For Turbulence In Emerging Markets'

Authored by Satyajit Das, op-ed via, Encouraging trends in emerging markets belie their volatility since the taper tantrum of 2013, when the Federal Reserve signaled it was pulling back on quantitative easing. Further turbulence is likely, despite the improving outlook for advanced economies, easing trade tensions and accommodative monetary policy. The International Monetary Fund estimates that growth […]

Shares, oil slide as China virus fears intensify; yen, Treasuries in demand

TOKYO (Reuters) – Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Investors look at computer screens showing stock information at a brokerage house in Shanghai, China January 16, 2020. REUTERS/Aly Song […]

China Futures Crash, Oil & Yuan Plunge As CoV-Contagion Spreads

Update (2020ET): China’s FTSE A50 Futures have collapsed over 5% in early trading and Hong Kong’s Hang Seng is collapsing… Source: Bloomberg And Treasury yields are plunging… Source: Bloomberg *  *  * While gold is spiking higher and stocks are getting hammered lower after a weekend of ugly headlines surrounding the lethality and spread of […]

Exclusive: Regulator probes board role in Credit Suisse spying scandal – sources

FRANKFURT/ZURICH (Reuters) – The Credit Suisse (CSGN.S) spying debacle risks tipping the bank into a crisis that could engulf its top executives. FILE PHOTO: CEO Tidjane Thiam (L) and Chairman Urs Rohner of Swiss bank Credit Suisse attend the bank’s annual shareholder meeting in Zurich, Switzerland April 27, 2018. REUTERS/Arnd Wiegmann/File Photo Switzerland’s market supervisor […]

British Gas launches 'Green Future' tariff

Tariff offers renewable electricity, 10 per cent green gas, and a hectare of rainforest protection per customer British Gas has debuted a new ‘Green Future’ tariff which it claims offers consumers “one of the greenest tariffs in the market” at a competitive cost. The tariff, launched on Friday, offers customers 100 per cent renewable electricity […]

The Coronavirus: What Travelers Need to Know

The death toll from a novel coronavirus has now reached at least 76, with most of the more than 2,000 cases reported in the Chinese city of Wuhan, the epicenter of the disease. At least 10 other countries have also reported cases, and five people in the United States have been diagnosed; all had recently […]

U.S. stock futures fall more than 1 percent as coronavirus fears spread

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid TOKYO (Reuters) – U.S. S&P500 e-mini futures ESc1 fell more than 1% in Asian trade on Monday on mounting worries the new coronavirus outbreak could severely disrupt the Chinese economy, an engine of global […]

Worried Reporters Make a Plea: Please Buy Our Paper

On a cold Chicago morning last month, Gary Marx, a veteran investigative reporter, took his dog for a walk and then strolled over to the affluent Lincoln Park neighborhood. After being buzzed into the courtyard of a large house, he hand-delivered a letter urging the intended recipient to buy — or at least invest in […]

WeWork inks office space deal with SoftBank-backed Gympass: sources

NEW YORK (Reuters) – WeWork has signed a deal to provide space to 250 employees of gym membership app company Gympass in New York, the latest example of the U.S. office-sharing start-up’s majority owner, SoftBank Group Corp, using its connections to buoy its business, people familiar with the matter said on Sunday. A sign is […]

Site That Ran Anti-Semitic Remarks Got Passes for Trump Trip

To coordinate coverage of President Trump’s trip to the World Economic Forum in Davos, Switzerland, the White House provided press credentials to the usual mix of American news organizations, including Fox News, Reuters and The New York Times. One media outlet stood out: TruNews, a website aimed at conservative Christians whose founder, a pastor named […]

Welcome Rosenberg Research

@TBPInvictus here: Long overdue: My pal David Rosenberg has finally decided to hang his own shingle: Please say hello to Rosenberg Research. I have known “Rosie” for about 20 years. I recall back in 2002, when he was tapped to be the Chief North American Economist for Merrill Lynch. I have had the privilege of […]

Have All Agricultural Commodity Prices Behaved As Did Soybean Prices?

That’s what reader sammy asserts, trying to support the proposition that Chinese retaliatory tariffs on imports of US soybeans had no impact on US soybean prices. … chart of soybean prices there are a number of other commodity price charts, such as copper, wheat, coffee etc. They are unaffected by the tariff war yet are […]

How Under Armour Lost Its Edge

In the summer of 2018, two top Under Armour executives traveled to the West Coast on a critical mission. Kevin Plank, the sports apparel company’s founder and chief executive, and Patrik Frisk, its president and chief operating officer, needed to persuade Stephen Curry, the Golden State Warriors star and the company’s highest-profile endorser, not to […]

Tether Launches Gold-Backed Stablecoin, Begins Trading On Bitfinex

Authored by Andrey Schevchenko via, Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, currently worth approximately $1,550. image courtesy of CoinTelegraph The new product is available as an ERC-20 token on the Ethereum blockchain, […]

Mexican Military Stops Migrant Caravan In Its Tracks

A caravan of Central American migrants was stopped in its tracks last week by the Mexican National Guard, which arrested migrants as they crossed the river at the border town of Tecun Uman and hauled them off to a detention center in the nearby city of Tapachula. “I can see that these caravans are no […]

Italians Head To Polls In Regional Vote That Could Topple The Government

Italians in Emiglia Romagna and Calabria are heading to the polls on Sunday to vote in critical local elections that could dramatically shift the balance of power in the Italian government, and possibly trigger the collapse of a fragile ruling coalition already showing signs of strain. The candidate of the League-led center-right coalition is expected […]

Tesla's Musk seeks to allay water concerns at factory site after protests

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk gestures during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake FRANKFURT (Reuters) – Tesla (TSLA.O) Chief Executive Elon Musk sought to allay environmental concerns about the electric carmaker’s planned […]

Why Germany Is Going To War With Gold

Authored by Richard Mills via, Owning gold is a way to get out of this “debt trap”, but governments don’t want you to own gold, especially in Germany Germans, like Indians and Chinese, love their gold – although their reasons for buying and keeping bullion are somewhat different.  In China and India, gold jewelry […]

Coronavirus information and analysis bleg

What are the best things to read to estimate what’s going to happen from here? In particular, what is the best way to think about how to make inferences, or not, from extrapolating current trends about case and death numbers? What is “what happens from here” going to be most sensitive to in terms of […]

Puerto Rico: Earthquake Aftershocks and Aftermath

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Recent years have not been kind to the island of Puerto Rico, nor to her people. First, Puerto Rico’s public finances were ravaged by vulture funds, leading to the imposition of extreme […]

Sunday links: encouraging young families

Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the Day “Our economy will be stronger when we support and encourage young families to have more children.” (Blair duQuesnay) Chart of the Day Tesla’s market cap now exceeds that of Ford and […]

Brexit Question Of The Day: Why Does Barnier Still Have A Job?

Authored by Mike Shedlock via MishTalk, The alleged masterful Brexit negotiator, Michel Barnier, failed his primary mission. Yet he’s still the EU’s negotiator. Barnier Flashback Revealing words from Michel Barnier in 2016, quoted in @LePoint. “I would have succeeded in my task if, in the end, the deal is so hard on the British that […]

U.S. Prepares Emergency Evacuation Of Americans From Epidemic Stricken Chinese City

Update (11:54 am EST.): Yesterday it was the U.S. and Russia arranging charter flights to evacuate their citizens from the epidemic-stricken Chinese city of Wuhan.  Now Thailand has four Lockheed C-130 Hercules transport planes on standby to airlift its citizens from the city as the coronavirus outbreak spreads uncontrollably, reported the Bangkok Post.   Royal Thai Air Force Chief […]

Renault, Nissan chief engineers to meet, revive R&D projects: sources

PARIS (Reuters) – Renault’s (RENA.PA) engineering boss will meet his counterpart at Nissan (7201.T) in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in […]

This Week in Business: Beware Mysterious Videos on Your Phone

My iPhone got hacked once, but the only fallout was that it sent my contacts a bizarre email containing only a fish emoji (really). The billionaire Jeff Bezos apparently wasn’t so lucky — but of course, his phone contents are far juicier than mine. For more on that strange story, and the business and tech […]

Links 1/26/2020

Today is the 70th anniversary of the Indian Republic. Happy Republic Day! It’s a Bird! It’s a Plane! The Midair Collisions Menacing Air Travel Wired The Troubling Decline of International Law Craig Murray Why America’s Urban Dreams Went Wrong American Conservative. James Howard Kunstler’s review of a book by Alex Krieger on America’s cities. You […]

Dracula on Gratitude

I enjoyed the Dracula mini-series on Netflix–it’s smart, stylish and a fresh take. Also, at just three episodes, it’s satisfying without requiring a huge time investment. Dracula has some pointed commentary on contemporary mores, including economics. After sleeping for a hundred years he finds himself in an ordinary home and speaks to the owner, Kathleen: […]

Mrs. Maisel-Season Three

You’re always worried about going too far. Athlete, musician, writer, performer…you strive to be in the zone. When you’re not even thinking about the work, you’re just riding the wave of inspiration and then… It’s over. It’s not like working for the man. It’s not like business. The first rule of business is “get along.” […]

Boeing's 777X jetliner successfully completes maiden flight

SEATTLE (Reuters) – Boeing Co successfully staged the first flight of the world’s largest twin-engined jetliner on Saturday in a respite from the crisis over its smallest model, the grounded 737 MAX. The 777X, a larger version of the 777 mini-jumbo, touched down at the historic Boeing Field outside Seattle at 2 pm (2200 GMT) […]

India Restores Some Internet Access in Kashmir After Long Shutdown

NEW DELHI — Months after imposing a sweeping communications blackout in Kashmir, the Indian government on Saturday unblocked several hundred websites in the disputed Himalayan region, bringing a tentative end to the world’s longest internet shutdown in a democracy. The announcement comes nearly half a year after India’s government, led by Prime Minister Narendra Modi, […]