Axios

Uber’s IPO this week came with predictable headlines about the rich getting richer — after all, when a company goes public at a valuation of more than $80 billion, that’s what usually happens. This particular offering, however, created a whole lot of losers.

By the numbers: From 2016 onwards, per PitchBook, Uber raised $15.35 billion at $48.77 per share; it then raised another $8.6 billion in its IPO on Thursday at the slightly lower price of $45 per share. Those numbers dwarf the $5.6 billion that Uber raised before 2016. As of the close of trade on Friday, the market has now spoken: Uber shares are actually worth $41.57.

Continue reading “Uber’s underwater investors”

CBS News

It might be the biggest price-fixing scheme in U.S. history. On Friday, Connecticut and a coalition of more than 40 states filed a 500-page lawsuit accusing the biggest generic drug makers of a massive, systematic conspiracy to bilk consumers out of billions of dollars. It’s a more sweeping version of a similar lawsuit the states filed in 2016 that’s still being litigated. The generic industry vehemently denies the allegations.  Continue reading “Sweeping lawsuit accuses top generic drug companies, executives of fixing prices”

CBS News

Four in 10 Americans sometimes face what economists call “material hardship,” struggling to pay for basic needs such as food and housing, according to a new study from the Urban Institute. Even middle-class families routinely struggle financially and are occasionally unable to pay their bills.

The finding is striking given the U.S. has experienced a decade of economic growth in the decade since the recession ended. The unemployment rate is at its lowest in half a century, and the stock market has enjoyed a decade-long bull run. But for many Americans, incomes haven’t kept up with the rising cost of necessities such as housing and health care, resulting in financial anxiety.  Continue reading “A decade after the recession, 40% of U.S. families still struggling”

Breitbart – by Robert Kraychick

Rep. Louie Gohmert (R-TX) warned that America “came very close” to suffering its “first successful coup,” describing Robert Mueller’s operation — marketed as an “investigation” by authorities — as an attempt to usurp a duly elected president. He offered his remarks in a Friday interview on SiriusXM’s Breitbart News Daily with host Alex Marlow.  Continue reading “Louie Gohmert: ‘This Came Very Close to Being the First Successful Coup’ in U.S. History”

Zero Hedge – by Tyler Durden

No kidding – this is not our headline, but Newsweek’s: “US Special Forces School Publishes New Guide For Overthrowing Foreign Governments” – and as far as we can tell they are the only major mainstream outlet to have picked up on the fact that the US military is now essentially openly bragging on past and future capabilities to foster covert regime change operations.

The 250-page study entitled “Support to Resistance: Strategic Purpose and Effectiveness” was put out by the Joint Special Operations University under US Special Operations Command, which is the Army’s official unified command center which overseas all joint covert and clandestine missions out of MacDill AFB, Florida.  Continue reading “US Special Forces Command Issues New Guide For Overthrowing Foreign Governments”

The Great Recession

So much for the trade war being “good and easy to win.” Let’s be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday the tariff war became personal because it will now tap your own budget and every business budget in town.  Continue reading “Hopium Floats, and That’s How the Market got High on Friday”

Abel Danger

Ed.’s note: Have readers ever taken a few minutes to wonder how it is that a country like Ukraine can be so screwed up on many different levels? Consider for a moment it was George Soros financed NGOs that for the past 25 years wrote many of the text books used in schools in Ukraine and believe it or not, published in Canada. Of course, Soros is a highly paid actor, the face of the real “movers and shakers behind the curtains“. The public schools in America are nothing but factories of ideological propaganda for the left and Americans call that “getting an education.” The plan is to make students ideologically radical especially with LGBTQ political programming which is nothing but pure poison creating a disaster in public schools across America. Welcome to the immigrant industry…  Continue reading “A Criminal Phenomenon”

Truth Dig – by Gareth Porter

John Bolton has gotten away with a dangerous deception. The national security adviser’s announcement Sunday that the Pentagon has deployed air and naval forces to the Middle East, which he combined with a threat to Iran, points to a new maneuver to prepare the ground for an incident that could justify a retaliatory attack against Iran.

Bolton presented his threat and the deployments as a response to alleged intelligence about a possible Iranian attack on U.S. targets in the Middle East. But what has emerged indicates that the alleged intelligence does not actually reflect any dramatic new information or analysis from the U.S. intelligence community. Instead, it has all the hallmarks of a highly political case concocted by Bolton.  Continue reading “Bolton Is Spinning Israeli ‘Intelligence’ to Push for War Against Iran”

Medium – by Caitlin Johnstone

“Guess what the best planet is in this solar system?” asked Amazon CEO Jeff Bezos at a recent media event on his Blue Origin space program.

“It’s easy to know the answer to that question,” he continued. “We’ve sent robotic probes like this one to all of the planets in our solar system. Now, some of them have been fly-bys, but we’ve examined them all. Earth is the best planet. It is not close. This one is really good.”  Continue reading “Bezos Reveals His Ugly Vision For The World He’s Trying To Rule”

Common Dreams – by Jake Johnson

Thousands took to the streets of London on Saturday to show solidarity with the Palestinian people and demand an end to Israel’s brutal occupation.

Ahed Tamimi—the 18-year-old Palestinian activist who became a global protest icon after she was imprisoned for slapping Israeli soldiers outside of her home in the occupied West Bank—joined Saturday’s march and delivered a speech to demonstrators: Continue reading “‘Stop Arming Israel, Stop Bombing Gaza’: Thousands March in London Demanding Justice for Palestinians”

Fellowship of the Minds – by Dr. Eowyn

If you say anything critical or negative about Jews, you’re sure to be condemned as “anti-Semitic”.

Worse than being labeled as “anti-Semitic,” in Europe it is against the law to be a “holocaust denier”. In the United States, too, being “anti-Semitic” will get you in trouble with the law. See “Congressional Resolutions (HRes 257, SR 118) will sic law enforcement on you for ‘hating’ Muslims, Jews, or blacks“.  Continue reading “Prominent Jews: We don’t believe in nation-state boundaries; our god is Lucifer”