A Record 34% Of All Household Income In The US Now Comes From The Government

Following today's release of the latest Personal Income and Spending data, Wall Street was predictably focused on the changes in these two key series, which showed a jump in personal spending, offset by a record surge in ...

https://www.zerohedge.com/economics/record-34-all-household-income-us-now-comes-government

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"Our Warplanes Can Reach Iran": Israeli Intelligence Minister Vows War If "Bad Deal" Reached In Vienna

A topIsraeli intelligence officialhas warned that if the end result of the Vienna talks is a return to the JCPOA nuclear deal, then war between Iran and Israeli will very likely follow.

...

https://www.zerohedge.com/geopolitical/our-warplanes-can-reach-iran-israeli-intelligence-minister-vows-war-if-bad-deal

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Majority Of US Companies Will Require Workers To Provide Proof Of Vaccination

It looks like American colleges won't be alone in making vaccination mandatory for any students who want to return to campus next semester. Despite the White House's determination that vaccination shouldn't be mandatory ...

https://www.zerohedge.com/markets/majority-us-companies-will-require-workers-provide-proof-vaccination

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US Intelligence Tells CongressChina's Nuclear Arsenal "On Track To Exceed Our Previous Projection"

A hearing held by the Senate Armed Services Committee this week on the range of threats the United States faces globally focused on China and Chinese leadership viewing US power as "declining" while ...

https://www.zerohedge.com/geopolitical/us-intelligence-tells-congress-chinas-nuclear-arsenal-track-exceed-our-previous

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"You'll Never Be White" - Black Teacher's Racist Rant Highlights Need To Equip All Officers With Body Cameras

Authored by Jonathan Turley,

For years, I and others have argued for body camera (and police interrogation cameras) to be used in every jurisdiction. Despite the obvious value of such ...

https://www.zerohedge.com/political/youll-never-be-white-black-teachers-racist-rant-highlights-need-equip-all-officers-body

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Panic Hoarding Guns Now Enters 16th Month As Biden Seeks Ban

Americans continued to panic hoard guns for the 16th straight month in April, according to theFBI'sNational Instant Criminal Background Check System's (NICS) statistics report. The data provides insight into the trends behind Americans ...

https://www.zerohedge.com/political/panic-hoarding-guns-now-enters-16th-month-biden-seeks-ban

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Chauvin Seeks New Trial, Alleges Prosecutorial & Jury Misconduct

In what will likely come as no surprise to many - especially given the judge's own remarks during closing arguments - Derek Chauvin's lawyerfiled a motionon Tuesday in Hennepin County, Minnesota, for a new trial on multiple grounds ...

https://www.zerohedge.com/political/chuavin-seeks-new-trial-alleges-prosecutorial-jury-misconduct

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Biden Versus Biden On "Is America A Racist Country?"

Authored by Pat Buchanan via Buchanan.org,

Hear me clearly: America is not a racist country.

So declared Sen. Tim Scott, a Black Republican, in his televised rebuttal to Joe Bidens address to Congress.

Asked the next day what he thought of ...

https://www.zerohedge.com/political/biden-versus-biden-america-racist-country

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Australia Boomerangs On 'Racist' India Flight Ban After Backlash

Australian Prime Minister Scott Morrison has majorly backtracked from statements made by treasurer Josh Frydenberg - who said last week that citizens trying to return home from COVID-stricken India will face fines and jail time, ...

https://www.zerohedge.com/covid-19/australia-boomerangs-racist-india-flight-ban-after-backlash

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New York Times Subscriptions Slow 'Sharply' In First Post-Trump Quarter

The New York Times just announced that in the first quarter since former President Donald Trump left office, digital subscriptions have slowed 'sharply' despite revenue rising 6.6%, according to the Wall Street Journal.

In ...

https://www.zerohedge.com/political/new-york-times-subscriptions-slow-sharply-first-post-trump-quarter

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Noah Didn't Yield To FOMO, Neither Should You

Authored by Michael Lebowitz via RealInvestmentAdvice.com,

In the beginning, God created the heavens and the earth reads the first sentence of the bible. Later in the book of Genesis, God created cycles.

Then Joseph said to Pharaoh, Both of these ...

https://www.zerohedge.com/markets/noah-didnt-yield-fomo-neither-should-you

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Archegos Reportedly Files For Bankruptcy As Banks Scramble To Recoup $10 Billion In Losses

The other day, we learned that Credit Suisse, which was left on the hook for $5 billion after dumping blocks of stocks owned by its prime brokerage on behalf of Archegos Capital Management, earned just $17MM...

https://www.zerohedge.com/markets/archegos-reportedly-files-bankruptcy-banks-scramble-recoup-10-billion-losses

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US Space Command Closely Tracking Large Chinese Rocket's Out-Of-Control Fall To Earth

The Pentagon and US Space Command are said to be tracking a large Chinese rocket which is set to reenter Earth's atmosphere at some point this coming weekend, likely "around May 8th" according to the latest DoD ...

https://www.zerohedge.com/technology/us-space-command-closely-tracking-large-chinese-rockets-out-control-fall-earth

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Amazon Wins Appeal Overturning $300M EU Tax Bill In Latest Defeat For Vestager

Amazon has just scored a major victory in Europe's second-highest court that mirrors Apple's recent tax victory in Europe.

The American tech giant on Wednesday saw a 250 million ($300 million) tax bill assessed by the ...

https://www.zerohedge.com/technology/amazon-wins-appeal-overturning-300m-eu-tax-bill-latest-defeat-vestager

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Gold Is Right

Authored by Jim Rickards via The Daily Reckoning,

Is the gold skid over? There are encouraging signs that the answer is yes. And, thats great news for patient gold investors (especially those who bought the lows, as I recommended to my subscribers a few weeks ago).

First, some ...

https://www.zerohedge.com/markets/gold-right

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"I'm Not At All Excited": China's Digital Yuan Is Turning Into A Giant Flop

It was supposed to be the biggest threat to the reserve status of the dollar (China's denial that it has no desire to replace the USD with the digital yuan only confirms it) since the failed experiment that is the "...

https://www.zerohedge.com/markets/im-not-all-excited-chinas-digital-yuan-giant-flop

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Doug Casey: Why Modern Monetary Theory Will Destroy Money...

Via InternationalMan.com,

Modern Monetary Theory (MMT) centers around the notion that the economy in general, and money in particular, should be the creatures of the State.

Its not a new idea the meme has been around in one form or ...

https://www.zerohedge.com/economics/doug-casey-why-modern-monetary-theory-will-destroy-money

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Meituan's CEO Sees Billions Wiped Out Over An Innocuous Thousand-Year Old Chinese Poem

A seemingly innocuous post on an obscure social media platform bya Chinesebillionaire CEO has sent shockwaves through the country's tech industry, and costfood delivery giantMeituan many billions in a mere few ...

https://www.zerohedge.com/economics/meituans-ceo-sees-billions-wiped-out-over-innocuous-thousand-year-old-chinese-poem

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Fake Lobster Meat Grown In Labs Could One Day End Up In Supermarkets

A Wisconsin-based startup is developing lobster and other seafood meat in a lab for a more sustainable approach for future food.

Cultured Decadenceis creating cell-cultured seafood products that are nutritious, animal-friendly, ...

https://www.zerohedge.com/technology/fake-lobster-meat-grown-labs-could-one-day-end-supermarkets

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More Senior Bankers Are Abandoning London In Favor Of Europe

Earlier, we noted how French officials are planning to sabotage talks between the UK and the EU about expanding access to EU financial markets. At this point, even if Britain does manage to make progress with the EU in a meeting later ...

https://www.zerohedge.com/markets/more-senior-bankers-are-abandoning-london-favor-europe

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Bitcoin Plunges Further As Musk Claims Energy Usage Trend Is "Insane"

Just when you though Elon Musk's change of heart on bitcoin could be short lived, he has again taken to Twitter on Thursday morning, furthering his "environmental" case against the cryptocurrency.

At about 0600 EST, Musk ...

https://www.zerohedge.com/markets/bitcoin-plunges-further-musk-claims-energy-usage-trend-insane

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Pentagon Evacuates 120 Personnel From IsraelAs Security Situation Unravels

The Pentagon has evacuated 120 military and civilian personnel who had been in Israel for planned upcoming joint exercises, CNN's Pentagon correspondent Barbara Starr is reporting.

She says the US personnel departed from ...

https://www.zerohedge.com/geopolitical/pentagon-evacuates-120-personnel-israel-security-situation-unravels

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Buffett's Refusal To Split Berkshire Stock Is Creating A 'Y2K-Like' Problem For Nasdaq

After years of lackluster performance, Warren Buffett's Berkshire Hathaway has seen its Class A shares climb 20% so far this year, bolstered by the reflation trade that has sapped tech stocks. But Buffett's old-...

https://www.zerohedge.com/markets/buffetts-refusal-split-berkshire-stock-creating-y2k-problem-nasdaq

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Goldman Announces Formation Of New Crypto Trading Desk

2018 was not a good year for bitcoin, and for cryptos in general: after hitting an all time high of (only) $20,000 in December of 2017, much of the remainder of 2018 was spent with the crypto bubble deflating, with early crypto investors first...

https://www.zerohedge.com/markets/goldman-announces-formation-new-crypto-trading-desk

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Tesla Admits Its Still "Firmly In Level 2" Autonomy, Won't Have Full Self Driving By Year's End

Elon Musk said in January of this year that he was"highly confident [a Tesla] will be able to drive itself with reliability in excess of human this year."

To many of us, we knew it was nonsense. Musk ...

https://www.zerohedge.com/markets/tesla-admits-its-still-firmly-level-2-and-wont-have-full-self-driving-years-end

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Ayatollah Khamenei Calls Israel "Not A Country, But A Terrorist Base" As Vienna Talks Intensify

In a fiery Friday sermon on the occasion of "Quds Day"an Iranian Islamic holiday that commemorates the expected "liberation of Jerusalem" and which falls every yearon the last Friday of RamadanIran's ...

https://www.zerohedge.com/geopolitical/ayatollah-khamenei-calls-israel-not-country-terrorist-base-vienna-talks-intensify

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COVID Vaccine Makers Prepares For Long Legal Battle As US Backs IP Waiver

Now that Germany has broken with the US over the question of whether to back a waiver for COVID vaccine IP that's been proposed at the WTO, pharmaceutical giants like Pfizer that were planning on COVID-19 vaccines becoming a...

https://www.zerohedge.com/covid-19/covid-vaccine-makers-prepares-long-legal-battle-us-backs-ip-waiver

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Wal-Mart, Sysco Fine Suppliers As Labor Shortages Cause Surge In Late Orders

From the gas pump to the grocery aisle, Americans have been suffering from "sticker shock" for the first time in years. While the Fed continues to insist that inflationary pressures will be "transitory", sell-side banks ...

https://www.zerohedge.com/economics/wal-mart-sysco-fines-suppliers-labor-shortages-cause-surge-late-orders

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Johns Hopkins Doctor Dismisses Walensky Fear-Mongering: "Most Of The Country Is At Herd Immunity"

Authored by Scott Morefield via Townhall.com,

Dr. Marty Makary, a surgeon at Johns Hopkins Hospital, disputed CDC Director Dr. Rochelle Walensky's contention that COVID-19 variants could set back the...

https://www.zerohedge.com/political/johns-hopkins-doctor-dismisses-walensky-fear-mongering-most-country-herd-immunity

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The Blockchain And The Future Of Everything

Authored by Ethan Yang via The American Institute for Economic Progress,

Writing, money, and ledgers, are the three basic building blocks that allowed humanity to progress past the days of foraging for berries and hunting wild game to the advanced ...

https://www.zerohedge.com/technology/blockchain-and-future-everything

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