The National Institutes of Health is proposing a new policy to permit scientists to get federal money to make embryos, known as chimeras, under certain carefully monitored conditions.
The Bank of England today announced it will cut interest rates to .25%, a new historic low.
As ZeroHedge pointed out this morning, one reason for the new round of QE from the BoE is the increase in cash “hording” following Brexit.
On the eve of the Democratic National Convention, WikiLeaks — the courageous international organization dedicated to governmental transparency — exposed hundreds of internal emails circulated among senior staff of the Democratic National Committee during the past 18 months. At a time when Democratic Party officials were publicly professing neutrality during the party’s presidential primaries, the DNC’s internal emails showed a pattern of distinct bias toward the candidacy of former Secretary of State Hillary Clinton and a marked prejudice toward the candidacy of Sen.
The revelation caused a public uproar during the weekend preceding the opening of the Democratic convention in Philadelphia last week, and it caused the DNC to ask its own chairwoman, Rep.
Having closely observed how Citigroup collapsed under the weight of its own corruption and risk-taking hubris in 2008 and spread its contagion across Wall Street, a headline we never dreamed we would see in our lifetime is shown above from Risk Magazine’s web site. Credit Default Swaps are the instruments that blew up the giant insurance company, AIG, in 2008, requiring the U.S. The collapse of asset inflation will implode all the fiscal and financial promises based on ever-inflating assets.
In effect, central banks and states have masked the devastating stagnation of real income by encouraging households to take on debt to augment declining income and by inflating assets via quantitative easing and lowering interest rates and bond yields to near-zero (or more recently, less than zero). This Bloomberg article describes how the Russian central bank is using “social media” to explain central bank manipulations and then gives us a rundown on what other central banks are doing.
Finally, some eight years after the start of this latest global, quasi depression, central banks are beginning to fight back against their negative perceptions. On the heels of the move by the Bank of England to lower rates and increase QE, look at who is really getting crushed by the BoE’s move. A portion of today’s note from Art Cashin: The BOE Makes Its Moves – The Bank of England made a series of moves this morning. Many a-list celebs have tones of fame but their fortunes are small potatoes compared to these folks, the billionaires. The story of millionaire Simon Cowell, who dropped out of school at 15, worked for Sony BMG and EMI Music. Our roundtable guests talk about their roles as agents and being acknowledged by their clients. The world knows Valeria Lukyanova as the girl who turned herself into a real-life Barbie doll. The article under the heart-stopping headline is dated January 27, 2016 and informs readers that Citigroup is now viewed by clients as one of the top-three market makers in single name Credit Default Swaps in both North America and Europe.
Note: Ok Luke, maybe he did sell-out his former country, and maybe he did formally endorse the walking incarnation of Satan on earth.
I will defer to my friend, Peter Boockvar of the Lindsey Group, who as usual has a quick and typically lucid analysis. While many expected the Bank of England to take action follow last June’s Brexit vote, the QE announcement surprised some bank watchers. Some of the emails were raw in their tone, and some could fairly be characterized as failing to respect Sanders’ Jewish heritage.
The bailout money went in the front door of AIG and was then funneled out the backdoor to the big Wall Street banks that had used AIG as their counterparty to guarantee their bets on Credit Default Swaps. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, OR FUTURES.
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