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by IAN HANCHETT at breitbart.com During an interview with Bloomberg on Thursday, National Security Agency Director and U.S. Cyber Command Director Gen. Timothy Haugh said that the second biggest cyber weak link is the fact that “we’re really seeing China be very aggressive to use their industry to find those vulnerabilities, keep them private, and […]
by DAVID HAGGITH at thedailydoom.com According to Bloomberg the commercial real-estate (CRE) crisis is likely to be much, much bigger than what you hear most people talking about—bigger than they want to even think about. Bloomberg states that the collapse in value of CRE as people abandon office and retail space all across the nation plus the diminished value of […]
by TYLER DURDEN at zerohedge.com New York during the inflationary surge of the late 70s and early 80s was a mythical place where one could purchase a Park avenue penthouse for $1 (while assuming the copious debt, of course). Now, thanks to the brutal bear hug of the highest interest rates in 40 years and […]
by TYLER DURDEN at zerohedge.com Things are not great in Germany. A confluence of economic stagnation, higher energy prices (due to anti-nuclear idiocy), and the highest corporate distress rates in Europe suggest Deutschland is in for a sharp contraction – a sentiment shared among fund managers, credit traders and crestfallen German executives moping around Davos last month, according to Bloomberg. […]
by Andrea Widburg at americanthinker.com Once upon a time, in real America, a land that seems long ago and far away, news outlets were understood to have two components. One was the straight news side that reported the facts and just the facts. (I learned this watching Teacher’s Pet, in which an aged Clark Gable, playing a […]