China even recently claimed that Vladivostok, the most prominent city in Russia's Far East, is historically Chinese territory. China and Russia's profoundly different cultures might also help to limit a bilateral honeymoon. Chinese investors have already leased large swathes of land in Russia's Far Read more…
3, was supposed to mark the revival of the movie theater industry, according to NYT. Movie Tenet. h/t NYT, Jim Lo Scalzo/EPA, via Shutterstock Ahead of the opening, Robinhood traders in August piled into movie theater stocks, including Cineworld and AMC, in anticipation Read more…
In response, Trump said he wanted to establish “a national commission to promote patriotic education” that he calls the “1776 Commission”. Trump told press: “They're going to be setting up a very large fund…That's their contribution that I've been asking Read more…
Taibbi: The Post-Objectivity Era Tyler Durden Sat, 09/19/2020 – 22:30 Authored by Matt Taibbi via taibbi.substack.com From a speech given this week to the McCourtney Institute of Democracy, Penn State University: We live in a time of incredible political division. Read more…
Popular Children's App Allegedly Requests Minor To Take Naked Pictures Tyler Durden Sat, 09/19/2020 – 23:00 A shocking claim, made by one parent in Anne Arundel County, Maryland, alleges a popular smartphone app designed for children asked a 5-year-old user to take Read more…
Too Much Centralization Is Turning Everything Into A Political Crisis Tyler Durden Sat, 09/19/2020 – 21:30 Authored by Porter Burkett via The Mises Institute, Is American politics reaching a breaking point. A recent study by researchers from Brown and Stanford Universities certainly Read more…
“Peak” SPAC: Playboy Enterprises Considering Going Public Through Blank Check Company Tyler Durden Sat, 09/19/2020 – 21:00 Just because Playboy magazine no longer exists shouldn't mean that the company shouldn't have access to tap the capital markets in what is Read more…
The popping of the South Sea Bubble then resulted in a contagion that spread across Europe. Investors are currently chasing “new technology” stocks from Zoom to Tesla, piling into speculative call options, and piling into leverage. The Speculative Cycle Charles Kindleberger suggested Read more…
US Sends More Armored Infantry Units Into Syria Amid Increased Russian Presence Tyler Durden Sat, 09/19/2020 – 20:00 Amid increasing tense encounters between American and Russian military convoys in northeast Syria, which in at least one recent encounter ended in Read more…
Has the stock market become out of touch with reality, and if so, what are the consequences of that. To the contrary, the current depression is the result of the visible shutdown and quarantine orders of the state, which are Read more…