Due to the Weather, Midwest Farmers Fear Widespread Crop Failures and a “Record-Low” Harvest in 2019

The Journal writers explained that, “The cold weather is a big threat to vulnerable crops. Only 22% of corn in North Dakota was mature as of Oct. 7, and 36% in South Dakota. In the 18 biggest corn-producing states, 58% of this year’s crop was mature, versus an average of 85% by that date over the previous five years, according to the USDA.

Trade Expert: “Unintended Costs of a Trade War Are Far More Significant than Most Americans Realize”

The subsidies that the U.S. government is providing to farmers to make up for lost sales to China are not making up dollar for dollar for the loss ... There’s still a difference between what the farmers could earn and did earn when there weren’t tariffs on their products going into China and what the U.S. government is paying them.”

America’s Financial Suicide: The Budget Deficit Rises 26% in One Year as Federal Spending Spirals Wildly out of Control

We are in the process of committing national financial suicide, and most Americans don’t seem to care.  As  you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years.  In fact, it was actually 26 percent larger than last year.  Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead.  Under our current system, it is literally going to be impossible to turn things around.  As the Baby Boomers continue to retire, the amount of resources demanded…

Trump Threatens to “Totally Destroy and Obliterate” the Economy of Turkey if ISIS Fighters Are Released

Earlier today, the President of the United States issued a warning to Turkey and European countries to keep track of their ISIS fighters. The tweet comes as the United States is pulling out of involvement in Syria, allowing Turkey to expand its influence over the north of the country, including Kurdish-controlled areas.

Ranked: The Megaregions Driving the Global Economy

If you’ve ever flown cross-country in a window seat, chances are, the bright lights at night have caught your eye. From above, the world tells its own story—as concentrated pockets of bright light keep the world’s economy thriving. Today’s visualization relies on data compiled by CityLab researchers to identify the world’s largest megaregions. The team defines megaregions as: Areas of continuous light, based on the latest night satellite imagery Capturing metro areas or networks of metro areas, with a combined population of 5 million or higher Generating economic output (GDP) of over $300 billion, on a PPP basis The satellite imagery comes…

Turning the Clock Back

California has passed legislation to significantly restrict the ability of businesses to use independent contractors. This is part of a seemingly global push against the rise of casual jobs (that don’t pay benefits), including the so-called ‘gig economy’.

Stock Prices Are Plunging, and Many Fear This Could Be Another “Black October” for the Stock Market

Today, we are facing a global economic slowdown, an impeachment crisis in Washington and a rapidly escalating trade war simultaneously, and it seems like almost everyone on Wall Street is suddenly talking about “the coming recession”.  In such an environment, any piece of bad news is going to push stocks lower, and that is certainly what happened on Wednesday…

It Is Time To Go: Over Half of All California Voters “Have Considered Leaving the State”

Cities all over the state are degenerating into drug-infested, crime-ridden hellholes that are literally being overrun by millions of rats.  California has some of the worst traffic in the entire world, unchecked illegal immigration is causing a whole host of social problems, and gang activity has become a massive problem.  On top of everything else, California is being constantly hit by wildfires, mudslides, earthquakes and other natural disasters.

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