Leaked: Hillary Clinton Lawyer Meltdown


GLOBAL PANIC UPDATE: Panic Conditions Appear Likely to Extend into August

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BULLETIN: The expected “International Freakout of August 2014” downgrade has been suspended until further notice, as panic conditions worldwide appear to remain unchanged. According to our sources there are indications that global panic conditions are on track  to worsen, rather than improve, unfortunately, though we remain hopeful that a downgrade is still on the horizon. We apologize in advance for any inconvenience. Stay tuned for further announcements.

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freakout-downgrade-suspended


[VIDEO] Tom Rogan: ‘Perception Abroad of Obama Is That He’s Disengaged’

Also see Tom Rogan’s essay at NRO“Words, Just Words”

“… Policy and rhetoric are effective when deployed together in pursuit of a goal. Yet, for the Obama administration, from the Middle East to Ukraine, American policy exists, rudderless, as pure rhetoric…”

“Whether it’s domestic or foreign policy, Obama has failed to build a bridge between words and action. Without such a bridge, the administration will sink in a morass of increasingly pointless speeches…” (read more)

— Tom Rogan is a blogger and a columnist for the Daily Telegraph. He is based in Washington, D.C., and tweets @TomRtweets.

 

 


Good to Know Priorities are in Order

Good to Know Priorities are in Order


Zombie borrowers haunt China’s shadow banks

China News

Call it the new China Syndrome: Although Asia’s biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds.

Nowhere is this more evident than in China’s shadow banking sector, the non-bank financiers that have pumped credit into the economy at a spectacular rate. Trust companies – firms that sell investment products to Chinese savers and use the proceeds to make loans or buy other types of assets – have posted the fastest growth.

A Reuters examination of proprietary data shows that as little as half of trust loans issued in 2012 were used to finance current economic activity, such as a new investment project or increased production at an existing factory.

The other half may have been used for refinancing old debt that funded past projects but is…

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