Giotto Lamentation 1306 • What Could Dethrone the Dollar as Top Reserve Currency? (WS) • How Many Trillions In Debt Are Linked To Soaring LIBOR? (ZH) • Bitcoin Is On Track For Its Worst First Quarter Ever (CNBC) • Tesla’s ‘Day Of Reckoning’ Is Near (CNBC) • ECB To Buy More German Bank Bonds To Keep Stimulus Flowing (R.) • UK Must Bring Home ‘Just Over 50’ Of Its Diplomats From Russia (R.) • Jammers Stop Assange From Using
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Jerome Liebling May Day Union Square Park New York City 1948 Dr. D. peels the American political onion to get down to what it’s all about. I’m impressed. He explains America better than just about anyone. Turns out, there ain’t much left. So yeah, what happened? Dr. D: The news cycle runs so frenetically it’s easy to lose track of the bigger tide. Let’s go back a week and look at something the Automatic Earth has
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James McNeill Whistler Nocturne in Blue and Silver, The Lagoon, Venice 1880 • The Donald’s Blind Squirrel Nails An Acorn (David Stockman) • Russia To Expel 150 Diplomats And Close US Consulate In St Petersburg (Ind.) • Yulia Skripal No Longer In Critical Condition (G.) • UK Household Spending Hit Six-Year Low In 2017 Amid Brexit Inflation (PA) • Bitcoin Drops Below $7,000, Down 50% in 2018 (BBG) • Tesla Recalls 123,000 Early Model S Cars (BBG) • Volkswagen
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Rembrandt van Rijn Christ In The Storm On The Sea Of Galilee 1633 Stolen from Gardner Museum March 18 1990, single largest art theft in the world. Never recovered I am gullible. Very. I betcha I am more gullible than you. And that tells you something, because you know how gullible you are. Or so you think. Still, as bad as I got it, something physically snapped in the back of my head this morning, I could hear it
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Paul Gauguin The wave 1888 • Trump Approval At 11-Month High – Will The Dollar Follow? (ZH) • Amazon Loses $53 Billion in Market Value, Becoming FAANG’s Biggest Loser (BBG) • Fed Mistakes Could Spark ‘Unusually Fast’ Bear Market (MW) • Tesla Bonds Are in Free Fall (BBG) • The New Warlord in the White House (Jacobin) • Skripals Poisoned From Front Door Of Salisbury Home, Police Say (G.) • May Considers Banning City Of London From Selling Russian
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Edvard Munch Spring in Johan Karl Street 1944 • Steen Jakobsen Fears 30% Market Correction With Consumer ‘Maxed Out’ (CNBC) • China Says Kim Jong Un Agrees To Denuclearize Korean Peninsula (R.) • All The Personal Data That Facebook/Google Collect (Curran) • Mark Zuckerberg Agrees To Testify Before Congress Over Data Scandal (G.) • 37 State Attorneys General Demand Answers From Zuckerberg (ZH) • Zuckerberg’s Refusal To Testify Before UK MPs ‘Absolutely Astonishing’ (G.) • Jimmy Carter: Trump Hiring
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Paul Klee Cat 1939 • Dow Surges 670 Points But Stock Market Is On The Brink Of A Breakdown (MW) • Trump Sends To-Do List to China on Trade (WS) • America’s State Wreck Gathers Steam Part 2 (Stockman) • Integrity Has Vanished From The West (Paul Craig Roberts) • Western Allies Expel Scores Of Russian Diplomats Over Skripal Attack (G.) • New Zealand Says It Would Expel Russian Spies … But It Can’t Find Any (G.) • Whistleblower
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Dorothea Lange Gravestone St. George, Utah 1953 There are numerous ways to define the Precautionary Principle. It’s something we can all intuitively understand, but which many parties seek ways to confuse since it has the potential to stand in the way of profits. Still, in the end it should all be about proof, not profits. That is exactly what the Principle addresses. Because if you first need to deliver scientific proof that some action or product can be harmful
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Opening night of the movie ‘Grand Hotel’ on Times Square at Astor Theater, New York 1932 • Dear America: Please Stop This Shit. Signed, The Rest Of The World. (CJ) • Asian Shares Battered As Trade War Fears Sap Sentiment (R.) • US-China Trade Deficit Is Set To Keep On Rising – Stephen Roach (CNBC) • US Seeks Deal With China in Bid to Avert Trade War (BBG) • US and South Korea Reach Agreement on Trade, Tariffs (BBG)
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Pablo Picasso Don Quixote 1955 • EU In ‘State Of Denial’ Over Destructive Impact Of Farming On Wildlife (G.) • End the Fed. Are You Nuts? (Claire Connelly) • Stocks Suffer Biggest Weekly Drop In More Than 2 Years (BI) • The Stuff The US Imports From China That Causes A Huge Trade Deficit (MW) • Unspooling (Kunstler) • The Rise of the Trembling Hands (David Stockman) • 2.8 Million Hongkongers To Get Cash Handout Of Up To HK$4,000
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