M. C. Escher The Tower of Babel 1928 Two thirds of Americans get at least some of their news on social media. Google and Facebook receive well over 70% of US digital advertising revenues. The average daily time spent on social media is 2 hours. Just a few factoids that have at least one thing in common: nothing like them was around 10 years ago, let alone 20. And they depict a change, or set of changes, in our
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Vincent van Gogh Green field 1888 • Global Economic Growth Has Peaked, Warns OECD (G.) • Why Trump’s Stock Market Cheering Is Dangerous (Colombo) • Post Crisis Measures Have Failed To Tame Derivatives Risks (Yves Smith) • Woodward: “No Evidence Of Trump-Russia Collusion, I Looked Hard” (DV) • Brexit: It’s A Border In The Irish Sea Or The Customs Union (G.) • Emmanuel Macron Calls Brexit Campaign Leaders ‘Liars’ (Ind.) • ‘Not Enough Time’ To Hold Referendum On Final
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M. C. Escher Still life and street 1937 • FBI, DOJ To Defy Trump Declassification Order (ZH) • Louisiana AG Jeff Landry Wants To Break Up Social Media Giants (Advocate) • Amazon Hit By EU Antitrust Probe (CNBC) • Facebook Building A ‘War Room’ To Battle Election Meddling (AFP) • Leave No Dark Corner: China Is Building A Digital Dictatorship (ABC.au) • Steve Keen Says U.S. Heading for 2020 Recession (BBG) • Digging into Wealth and Income Inequality (CHS)
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Salvador Dali Landscape with butterflies 1956 • Trump: Exposing ‘Corrupt’ FBI Probe Could Be Crowning Achievement (Hill) • Trump: Expect Decision On US Role In Syria Soon (ZH) • China Hits Back At US With $60 Billion Of New Tariffs (G.) • Just How Wildly Exuberant is the Junk-Credit Market?” (WS) • Bernie Sanders’ Anti-Amazon Bill Is an Indictment of the Media, Too (Taibbi) • North And South Korea Sign Joint Agreement In ‘Leap Forward’ For Peace (Ind.) •
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M. C. Escher Development II 1939 • Trump Orders More Russia-Related Probe Documents To Be Declassified (R.) • David Stockman Exposes The “$20 Trillion Elephant In The Room” (ZH) • An Economic Recovery Based Around High Debt Is Really No Recovery (G.) • Four Lessons (Not) Learned From The Financial Crisis (F.) • Trump Is ‘A Symptom And Not The Cause’ Of The Trade War With China (CNBC) • UK Will Shift Brexit Stance In Its ‘Darkest Hour’ Claim
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René Magritte Companions of fear 1942 • Repo 105 (Ben Hunt) • The Everything Bubble” Threatens $400 Trillion In Assets (ZH) • What Can Cause the Next Mortgage Crisis in the US? (WS) • Dollar Dominant & Dangerous, System Not Stable – Catherine Austin Fitts (USAW) • Shell Faces One Of The Biggest Corruption Cases In Corporate History (Ind.) • Only Alternative To Chequers Is No Brexit Deal, Says Theresa May (G.) • Brussels Nearing Impasse With May Over
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Salvador Dali Spain 1936-38 Yes, it is hard to believe, but still happening: 10 years after Lehman the very same people who either directly caused the financial crisis of 2008 or made things much much worse in its aftermath, are not only ALL walking around freely and enjoying even better paid jobs than 10 years ago, they are even asked by the media to share their wisdom, comment on what they did to prevent much much worse, and advise
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Pablo Picasso Tête de femme 1926 • Typhoon Mangkhut Heads Towards China As Dozens Killed In Philippines (G.) • Florence Dumps ‘Epic’ Amounts Of Rain On Carolinas (BBC) • ‘We’re Using the Future for a Fiscal Dumping Ground’ (Barron’s) • The Lehman Brothers Bankruptcy (ET) • Give Britain A New Referendum On Brexit – London Mayor (G.) • Italy Faults France for Gaddafi’s Downfall and Migrant Crisis (Sp.) • Trump ‘Likely’ To Announce New China Tariffs As Early As
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Leonard Misonne Waterloo Place 1899 • Central Banks Have Gone Rogue, Putting Us All at Risk (Ellen Brown) • Shiller Sees ‘Bad Times In The Stock Market’ Ahead (CNBC) • Yellen: Fed Should Commit To Future ‘Booms’ To Make Up For Major Busts (R.) • Russia Central Bank Raises Key Rate To 7.5%, Extends Pause In FX Buying (R.) • Turkey Raises Key Interest Rate To 24% In Bid To Curb Inflation (G.) • Lamentation (Jim Kunstler) • Days
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Claude Monet The sheltered path 1888 • The Bailouts for the Rich Are Why America Is So Screwed Right Now (Stoller) • Ten Years After the Crash, We’ve Learned Nothing (Taibbi) • Millions Of Americans Trapped In Underwater Homes 10 Years After Crisis (R.) • No-Deal Brexit Could Lead To Financial Crisis As Bad As 2008 – Carney (Ind.) • Europe’s Top Rights Court Rules Against Britain Over Mass Surveillance (AFP) • S&P Sees Major Opportunity In China’s $11
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