Saturday, July 2, 2016

Update On RICO Subpoenas On XOM Regarding Climate Change -- Going Nowhere Fast -- July 2, 2016; Brexit? What Brexit?

An op-ed in the New York Post. Archived in case the link is broken. Again, had it not been for other bloggers (see sidebar at the right), I would have missed this; it has to do with RICO case against Exxon Mobil with regard to global warming.

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US Debt Jumps Almost $100 Billion In One Day

From The Washington Examiner:
Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion.
The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office.
If Paul Krugman and Elizabeth Warren are not concerned, I am not concerned. Unlike Great Britain, Fitch still has a AAA rating for US credit. Great Britain: AA. There only a handful of countries with a Fitch rating higher than the US (97), including Germany (100).

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New York Governor Andrew Cuomo's Jobs Program Stimulates NY Economy

Speaking of New York, this is quite incredible, from The Kansas City Star (where Ernest got his start):

Read more here: http://www.kansascity.com/news/business/national-international/article87238612.html#storylink=c 
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Brexit?

From MarketWatch:
  • U.S. stocks booked a fourth straight daily gain Friday, and the Dow and S&P 500 marked their best week this year.
A day or two after the market cratered following the Brexit vote, I sent my wife an e-mail with this short note: it will blow over in a week. I can't remember if I posted that; I doubt it.

Not only did the market as a whole have a great week, but it wasn't simply a matter of getting back to where it was. The number of new 52-week highs was quite impressive.

And it's alright ...

Right Back Where We Started From, Maxine Nightingale

" ... and if you get hurt by the little things I say, i can put that smile back on your face."

Wow, so many memories.

Just a thought: this might become the theme song for Angela Merkel, the EU, and Great Britain. 

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