Insider Selling Soars
July 22nd, 2020Via: ZeroHedge:
Four months later, with the S&P now back to just a whisker away from all time highs, and a handful of tech stocks at never before seen levels…
… insiders have had enough and, confirming that valuations are in some cases even beyond dot com levels, have turned from rabid buyers into sellers with data from The Washington Service showing that nearly 1,000 corporate executives and officers have sold shares in their own companies this month, outpacing insider buyers by a ratio of 5-to-1.
How big is this insider selling frenzy in context? According to Bloomberg, “only twice in the past three decades has the sell-buy ratio been higher than now.”
U.S. Tells China to Shut Houston Consulate
July 22nd, 2020Via: Reuters:
The United States has told the Chinese consulate in Houston to shut down in three days, citing a need to protect American intellectual property and information, amid a sharp deterioration in relations between the two countries.
Beijing condemned the order and threatened retaliation. A source said China was considering closing the U.S. consulate in the city of Wuhan.
U.S. Homeland Security Confirms Three Units Sent Paramilitary Officers to Portland
July 21st, 2020Via: Reuters:
The U.S. Department of Homeland Security’s Customs and Border Protection arm confirmed on Tuesday it has deployed officers from three paramilitary-style units to join a federal crackdown on protests against police violence in Portland, Oregon.
“We have agents and officers from our special operations groups deployed,” a CBP official said in an email. The official did not respond to questions about the number of officers deployed.
Multiple videos posted online showed camouflage-clad officers without clear identification badges using force and unmarked vehicles to transport arrested protesters, tactics that civil-rights advocates said could violate protesters’ right to free speech under the First Amendment of the U.S. Constitution.
New Lockheed CEO Says 5G Networks Key to Military Vehicle Autonomy
July 21st, 2020Absolutely unbelievable:
Taiclet was head of American Tower Corp, a real estate investment trust that leases out cell tower space to communications companies. He became CEO of Lockheed in June. He was previously on its board of directors.
Via: Reuters:
James Taiclet, the new chief executive at Lockheed Martin the Pentagon’s largest weapons supplier, is keen to use 5G networks to bolster the militaries’ autonomous capabilities, he told Reuters in an interview following the company’s earnings announcement on Tuesday.
…
The new CEO of the jet and missile maker told Reuters in his first interview since taking the job, “in some ways the military application of 5G is simpler than the commercial application,” he said.
He envisions a future where half to three-quarters of military vehicles are autonomous, and a robust 5G network is the backbone of that fleet.
…
During a post earnings conference call with investors Taiclet gave the networking plan a name: “I’ve got an idea called 5G.mil that we’re going to try to figure out.”
Taiclet was head of American Tower Corp, a real estate investment trust that leases out cell tower space to communications companies. He became CEO of Lockheed in June. He was previously on its board of directors.
Colorado Drone Swarm Mystery… Still a Mystery
July 21st, 2020Via: The Warzone:
The War Zone reached out to the FAA’s Ian Gregor, public affairs manager for the FAA Pacific Division, to inquire if the FAA ever established the origins of the drone formations reported in Colorado, Nebraska, and other states. Gregor stated that “We have not received any information that enabled us to determine what exactly it was that people were reporting seeing and, if they were drones, who was flying them.”
The Real Unemployment Rate Is 21%… And Heading Higher
July 21st, 2020Via: Of Two Minds:
It is somewhat less than reassuring that the “official” unemployment rate of around 12% is roughly half of the “real-world” unemployment rate. As always in the wonderful world of statistics, especially politically potent ones, it depends on what you measure, what you don’t measure / act as if it doesn’t exist, and how you measure what you do measure.
Everyone who digs beneath the headline numbers of employment / unemployment soon discovers a number of jarring anomalies in what the media presents as “factual statistics.”
Never Before Has So Much Stimulus Been Injected In The Economy In A Single Quarter
July 21st, 2020Via: ZeroHedge:
Pandemic-Driven Recession Is Not Over
Back-to-back strong monthly gains in retail sales in May and June and a powerful rebound in the equity markets in Q2 create the impression the recession is over. But the recessionary environment is only delayed, hidden by the record amount of fiscal and monetary stimulus that has postponed layoffs, spending cutbacks, bankruptcies, and business failures and operating losses.
Chinese Ambassador Struggles To Explain Shocking Footage Of Handcuffed & Blindfolded Uighurs Loaded Onto Train
July 20th, 2020Via: ZeroHedge:
During a Sunday morning BBC news program, China’s ambassador to the UK Liu Xiaoming was in a rare segment asked point blank about viral footage which purports to show a terrifying scene from Xinjiang province of Muslim minority Uighurs being handcuffed and loaded onto train cars.
Boeing Is Running Out of Space to Stash Newly-Built 787 Dreamliners
July 20th, 2020Via: Bloomberg:
Boeing Co. is running out of space to stash newly-built 787 Dreamliners, with jetliners seemingly tucked onto every available patch of pavement on airfields near its factories in Washington and South Carolina.
Dozens of the planes are sitting on the company’s premises, according to people familiar with the situation. Uresh Sheth, a much-followed blogger who meticulously tracks the Dreamliners rolling through Boeing’s factories, puts the total somewhere above 50. That’s more than double the number of jets typically awaiting customers along Boeing’s flight lines.
President of National Society for the Prevention of Cruelty to Children Flew on Epstein’s ‘Lolita Express’ 32 Times
July 20th, 2020Via: Daily Mail:
The wife of an aristocrat who flew more than 30 times on Jeffrey Epstein’s ‘Lolita Express’ private jet has stepped down from her role at the National Society for the Prevention of Cruelty to Children.
Clare Hazell raised thousands of pounds for the charity by hosting a classic car show each year at her family’s sprawling Elveden Estate in Norfolk.
The Mail on Sunday last month revealed that the interior designer – who became the Countess of Iveagh in 2001 when she married Edward Guinness, 4th Earl of Iveagh and a member of the brewing dynasty – had repeatedly travelled with serial paedophile Epstein on his private jet.
Flight logs revealed she took 32 flights between 1998 and 2000, including trips to his homes in New York, Florida, the Caribbean and New Mexico.
Research Credit: cgroove
