Nobody can defy the laws of economics forever. Whether it is an individual, a company or the nation as a whole, reality always catches up with everyone eventually. For years, I have been warning that Sears was eventually going to zero, but of course it didn’t happen immediately.

via You Can Kick The Can Down The Road, But Reality Will Catch Up With You Eventually

You Can Kick The Can Down The Road, But Reality Will Catch Up With You Eventually

Quote

A middle school in Virginia has banned songs mentioning “Jesus” from its annual Christmas concert as part of an effort to be “more sensitive” toward the increasingly “diverse population” of its student body.

“We had a few students who weren’t comfortable singing a piece I have done many times in the past, but it is of a sacred nature and does mention Jesus,” the choir teacher at Robious Middle School in Chesterfield said in an email to a parent who was concerned about the changes to the winter concert program, NBC News affiliate WWBT has reported.

via Virginia School Bans All Songs Mentioning ‘Jesus’ at Annual Christmas Concert

Virginia School Bans All Songs Mentioning ‘Jesus’ at Annual Christmas Concert

Quote

SPRINGFIELD, Fla. — Hurricane Michael’s death toll rose to 16 on Friday and was expected to climb higher as emergency workers searched rubble and the storm’s grim consequences stretched from the Florida Panhandle into Virginia.

Rescue teams combed a region razed by a Category 4 hurricane that flattened blocks, collapsed buildings and left infrastructure crippled. Some of the hardest-hit communities have yet to report fatalities, and although officials said they hoped they would find survivors, a resigned gloom was setting in throughout the disaster zone.

via Rescue Teams Scour Ruins as Hurricane Death Toll Rises – The New York Times

Rescue Teams Scour Ruins as Hurricane Death Toll Rises – The New York Times

Quote

SPRINGFIELD, Fla. — Hurricane Michael’s death toll rose to 16 on Friday and was expected to climb higher as emergency workers searched rubble and the storm’s grim consequences stretched from the Florida Panhandle into Virginia.

Rescue teams combed a region razed by a Category 4 hurricane that flattened blocks, collapsed buildings and left infrastructure crippled. Some of the hardest-hit communities have yet to report fatalities, and although officials said they hoped they would find survivors, a resigned gloom was setting in throughout the disaster zone.

via Rescue Teams Scour Ruins as Hurricane Death Toll Rises – The New York Times

Rescue Teams Scour Ruins as Hurricane Death Toll Rises – The New York Times

Quote

President Donald Trump kicked the trade war with China into high gear Monday, formally announcing the imposition of tariffs on $200 billion worth of Chinese goods.

The tariffs cover a wide array of goods, from minerals used in manufacturing, to vegetable juices, to leather handbags. All of the goods with face a 10% duty until the start of 2019, when the tariffs will jump to 25%.

While the Trump administration is downplaying the effect of the tariffs, many economists expect prices for these goods will increase once the tariffs are officially imposed on September 24.

via Trump just announced tariffs on another $200 billion worth of Chinese goods — here are all the products that will get hit. – AOL Finance

Trump just announced tariffs on another $200 billion worth of Chinese goods — here are all the products that will get hit. – AOL Finance

Quote

Small planes crash for any number of reasons — mechanical errors or a pilot’s simple mistake, to name just a few. Still, regardless of the cause, search teams and investigators can typically find out what happened once they investigate.

via The mystery of the ghost plane crash has baffled officials

The mystery of the ghost plane crash has baffled officials

Quote

MEXICO BEACH, Fla. (Reuters) – The death toll was expected to rise this weekend in the aftermath of Hurricane Michael as hundreds remained unaccounted for along the Florida Panhandle where decimated communities remained cut off and in the dark.

As of early on Saturday, state officials were reporting that at least 18 have been killed in Florida, Georgia, North Carolina and Virginia.

via Death toll from Michael seen rising as Florida towns remain cut off – AOL News

Death toll from Michael seen rising as Florida towns remain cut off – AOL News

Quote

Is this going to be another October to remember for Wall Street? As I have explained previously, the month of October has historically been the worst month by far for the U.S. stock market, and it has also been the month when our most famous stock market crashes have taken place. The stock market crash that started the Great Depression in 1929 happened in October. The largest single day percentage decline in stock market history happened in October 1987. And most of us still remember what happened in October 2008.

via October Horror On Wall Street: Investors Nervously Watch To See If The S&P 500 Will Bounce Back Above Its 200-Day Moving Average

October Horror On Wall Street: Investors Nervously Watch To See If The S&P 500 Will Bounce Back Above Its 200-Day Moving Average

Quote

The most important religious figure in the Palestinian Authority and the closest to Palestinian Authority leader Mahmoud Abbas, continues to tell Palestinians that the conflict with Israel is an uncompromising religious war for Islam against Israel and Jews.

Mahmoud Al-Habbash, who was appointed by Abbas as his personal advisor on Islam and the PA’s Supreme Shari’ah Judge, recently stated that conflict today with Israel is “The Battle of History between Islam and the enemies of Islam.”

via Abbas Adviser: “Islam’s Religious War To Destroy Israel Has Started”

Abbas Adviser: “Islam’s Religious War To Destroy Israel Has Started”

Quote

Economic collapse is not an event — it is a process. I’ve been saying this since the initial 2008 crash, and I suppose I will keep saying it until it burns into people’s minds because I don’t think that it is a widely understood concept.

When alternative analysts talk about financial collapse, we are not talking about something that suddenly happens out of the blue, we are talking about an ongoing decline that occurs in stages. This decline is happening today in the U.S. and around the world, and it has been accelerating since the chaos of 2008. When we bring up the reality of collapse, we are referring to something that is happening NOW, not something waiting on the distant horizon.

via The Myth Of The Eternal Market Bubble

The Myth Of The Eternal Market Bubble

Quote