From Zero Hedge

  • New US Pentagon Chief – Vested Interest In War & Conflict

    Via The Strategic Culture Foundation,

    Mark Esper is expected to be confirmed in coming days as the new US Secretary of Defense. His appointment is awaiting final Congressional approval after customary hearings this week before senators. The 55-year-old nominee put forward by President Trump was previously a decorated Lieutenant Colonel and has served in government office during the GW Bush administration.

    But what stands out as his most conspicuous past occupation is working for seven years...

  • Has E.T. Gone Home?

    UFO sightings have been making headlines again lately, notably with The New York Times running an interesting article about several U.S. Navy fighter pilots encountering mysterious objects near the southeastern coast of the United States.

    That high-profile story remains unexplained and so do plenty of other UFO sightings reported by members of the public every year like strange lights crossing the night sky or orange disks hovering in the distance.

    However, as Statista's Niall McCarthy notes,...

  • Time To Dust Off The Trans-Arabia Canal Project?

    Via Climateer Investing blog,

    Far from a perfect solution, in the event of a shooting war, one sunk tanker would be enough to stop traffic for a considerable period of time. But, and that's a big but, anything short of that level of bellicosity, such as current Iranian piracy, would make having an alternative to the Straits of Hormuz a strategic and tactical asset.

    The linked piece references the proposed north-south Salman canal but there have also been proposals for longer east-west canals...

  • 'Noose' Which Sent UMich Dean On Racism Tirade Turns Out To Be Fishing Knot Practice

    A 'noose' found last month at the University of Michigan Medical School turns out to have been a practice knot used in fishing after an employee came forward to 'clear the air,' according to MLive. 

    An investigation by UM’s Division of Public Safety and Security concluded the spool rope used for medical procedures was being used by a person on a break to practice tying a “Uni Knot,” which is a type of knot used for fishing. After the spool was returned to the storage area, the knot was still...

  • The Shape Of The World, According To Old Maps

    Authored by Imam Ghosh via,

    A Babylonian clay tablet helped unlock an understanding for how our ancestors saw the world.

    Dating all the way back to the 6th century BCE, the Imago Mundi is the oldest known world map, and it offers a unique glimpse into ancient perspectives on earth and the heavens.

    While this is the first-known interpretation of such a map, it would certainly not be the last. Today’s visualization, designed by Reddit user PisseGuri82, won the “Best of 2018...

  • Mueller Should Be Arrested For Conspiracy To Overthrow POTUS; PCR

    Authored by Paul Craig Roberts,

    The Mueller report, which had no choice as there was no evidence, but to clear Donald Trump of conspiring with Russian President Putin to steal the last US presidential election from Hillary Clinton, nevertheless managed to keep an aspect of the manufactured hoax known as “Russiagate” alive by indicting some Russian intelligence officers and a Russian Internet clickbait operation for attempting to discredit Hillary with Internet postings.   

    At the time I...

  • Russia's Spy Agency Hit In Massive Hack; 7.5 TB Of Data Stolen In 'Largest Data Breach In History'

    Russia's Federal Security Service (FSB, formerly the KGB) was hit by a massive hack - after 7.5 terabytes of data was extracted from a major contractor. 

    The breach exposed several secret FSB projects, including efforts to de-anonymize the Tor browser, scrape social media, and help Russia to sever its internet from the rest of the world, according to Forbes. 

    A week ago, on July 13, hackers under the name 0v1ru$ reportedly breached SyTech, a major FSB contractor working on a range of live...

  • Woke Capitalism: Answering A Question Nobody Asked

    "They don’t seem to understand that the State isn’t a cornucopia. It’s the opposite. It’s a dangerous parasite. A huge tapeworm in the body of society

  • Boston Cops Urge Criminals To "Hold Off" On Breaking The Law This Weekend, Due To The Extreme Heat

    In a "Not, The Onion"-esque story, CBS local affiliate in Boston reports that the Braintree Police Department showed that not all cops are African-American-hating, humorless-monsters, as they jokingly (we assume) told residents that they should “hold off” on any crimes they are planning this weekend.

    In a Facebook post, they wrote:

    “Folks. Due to the extreme heat, we are asking anyone thinking of doing criminal activity to hold off until Monday.”

    They said doing so would be dangerous...

  • The Top Three Contrarian Trades From Bank of America

    After countless weeks of equity outflows, last week, when the S&P hit a new all time high above 3,000, skeptical investors capitulated and decided to buy stocks at the highest possible level ever, injecting $6.2bn into equities this week, alongside the now traditional fixed income tide, which last week amounted to $12.1 billion into bonds. As a result, the constant hemorrhaging at equity funds - which have seen $151BN in redemptions in H1'19 - finally stopped, and in the past 6 weeks there...

  • The Burden Of Government Debt And James Buchanan's Corrective

    Authored by Donald Boudreaux via The American Institute for Economic Research,

    Who bears the burden of government indebtedness? Prior to the Keynesian revolution in the mid-20th century, most economists understood that the burden of government (or “public”) debt falls on those citizens who, in the future, must repay the debt. The funds for such repayment can come in the future from higher taxes, from reduced government expenditures on programs other than debt servicing, or from some combination...

  • First-Time Homebuyers Share Of The Market Plummets To 33% Even As Prices Slump

    It's no secret that younger Americans, particularly those who are members of the millennial generation who are weighed down by debt (not to mention their affinity for expensive Starbucks' beverages and avocado toast), are in no shape to buy a home  - at least not yet. And in a recent study by Point2Homes, the researchers lay out all of the obstacles lying in wait for would-he first time home buyers.

    In the study, Point2Homes explains how the housing market is rigged against first-time home...