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Thursday, August 18, 2022

Crisis In Paradise: Two Canadians Dead At Ritzy Mexican Beach Resort After Gunfire

Two Canadians were shot dead by an unknown gunman at a ritzy resort near Cancun, the latest attack at Mexican beach resorts plagued with organized crime violence.  The incident occurred on Friday afternoon between Cancun and Tulum, in a resort town called Playa del Carmen. An unknown gunman entered the five-star Xcaret Hotel in a gray…

Our Crisis Of Faith On Constitution Day

Today is Constitution Day.We’re supposed to be celebrating the day the Constitution was signed and presented to the states for ratification. But, as Jonathan Turley details below, it’s pretty hard to celebrate when the Constitution is under such unprecedented attack...Not long after the ratification of our Constitution, the great Justice Joseph Story marveled “How easily…

John Varoli: COVID-19 and Me, 18 Months Together. A Letter.

Meet John Varoli. He writes on Medium (or rather, he was writing on Medium until today.) He describes his work in this way: “Thanks for the interest in my article, which was originally published on my Medium account that I’ve had for over a year and which previously solely dealt with topics related to both American and Russian history. Given…

Repo Crisis Looms: Fed’s Reverse Repo Usage Soars To $351BN, Fifth Highest Ever

As expected, today's overnight reverse repo facility usage soared above $300 billion, surging $57BN from $293BN on Wednesday to a whopping $351BN as 48 counterparties parked their reserves with the Fed in exchange for a 0.000% rate.The surge in usage pushed the total to not only well above the Covid crisis high of $285BN, but…

Senate Democrats Block Jim Inhofe’s Resolution Calling Influx of Migrants a Border Crisis

Senate Democrats blocked a resolution by Sen. Jim Inhofe (R-OK) which stated the current influx of migrants at the southern border constitutes a crisis. Though Democrats shot down the resolution, it was an uncontroversial one according to a recent poll finding 76 percent of registered voters believe the surge at the border is a crisis that…

The Oil Refinery Crisis Will Worsen This Winter

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A Crisis Of Competence

Authored by Charles Hugh Smith via OfTwoMinds blog, Things Change "Doing more of what's hollowed out our economy and society" is a slippery path to ruin. Things change, supposedly immutable systems crumble and delusions die. That's the lay of the land in the The Empire of Uncertainty I described yesterday. It's difficult not to be reminded of the…
new-york-city’s mta-crisis-could-be-“catastrophic”-for-housing-market 

New York City’s MTA Crisis Could Be “Catastrophic” For Housing Market 

Readers may recall New York City's MTA proposed drastic transit cuts and higher fares after losing an astonishing $200 million per week after a collapse in ridership following the virus pandemic. As a result, the transit authority is preparing for a "doomsday scenario" to include a 40% reduction in service for both commuter trains and busses, a move that would result…

The COVID Crisis Supercharged The War On Cash, Part 1

Authored by Claudio Grass, The corona crisis has already taken a very high toll and caused deep damage in our societies and our economies, the extent of which is yet to become apparent. We have seen its impact on productivity, on unemployment, on social cohesion and on political division. However, there is another very worrying…

The COVID Crisis Canceled Many Graduation Speeches. Thank Goodness…

Authored by Ryan McMaken via The Mises Institute, Thanks to the COVID-19 panic this year, graduates at America's institutions of higher education missed the "opportunity" to be lectured by some celebrity or politician about the importance of wanting a better world, or how racism is bad, or about how one should celebrate life. Indeed, those…

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