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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What The Boom In Fraud Says About The Current Market Environment, Part 2

Authored by Jesse Felder via TheFelderReport.com,

Just about three months ago, I wrote ablog postwhich featured this quote, from Charles P. KindlebergersManias, Panics and Crashes: Swindles are a response to the appetite for...

https://www.zerohedge.com/markets/what-boom-fraud-says-about-current-market-environment-part-2

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"The Staffing Shortage Is Real" - Manhattan Restaurants Struggle To Hire As Millions Paid Not To Work

Long-suffer NYC restauranteurs may have been tempted to celebrate when Mayor Bill de Blasio announced yesterday that the Big Apple would "fully reopen" on July 1. But just as the problem of COVID-...

https://www.zerohedge.com/markets/manhattan-restaurants-struggle-hire-servers-too-many-workers-get-paid-stay-home

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Victoria "F*ck The EU" Nuland Is Now Highest-Ranking Member Of US Foreign Service

Authored byRick Rozoff via AntiWar.com,

On Thursday the USSenate confirmed Victoria Nuland as Under Secretary of State for Political Affairs, which has been described as the fourth most important position in the ...

https://www.zerohedge.com/political/victoria-fck-eu-nuland-now-highest-ranking-member-us-foreign-service

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Berkshire Profit Soars As It Sells Others, Buys Back Its Own Stock

Over a decade into the biggest metaphorical massacre of value investors by the Federal Reserve (which sadly was also literal in the case of Charles de Vaulx, a renowned value investor and co-founder of International Value Advisors...

https://www.zerohedge.com/markets/berkshire-posts-near-record-operating-profit-amid-2nd-highest-stock-sales-5-years

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Rates Can Still Come Down Some Even As The Reflation Trade Continues

Authored by Bryce Coward via Knowledge Leaders Capital blog,

Last weekwe wrotehow interest rates may have room to come down a bit before ultimately heading higher later this year and into next year. This line of thinking was ...

https://www.zerohedge.com/markets/rates-can-still-come-down-some-even-reflation-trade-continues

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One-Third Of Basecamp Employees Quit After Ban On Political Discussions At Work

Roughly one-third of employees at Basecamp are quitting after the company instituted a 'controversial' ban on wokeness in the workplace, according to TechCrunch.

After CEO Jason Fried announced in a Monday blog post ...

https://www.zerohedge.com/political/one-third-basecamp-employees-quit-after-ban-political-discussions-work

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McConnell Urges Biden Administration To Drop "Divisive, Radical" 1619 Project From Grant Programs

Authored by Tom Ozimek via The Epoch Times,

Thirty-seven Republicans led by Senate Minority Leader Mitch McConnell (R-Ky.) on Thursday penned a letter to Education Secretary Miguel Cardona urging him...

https://www.zerohedge.com/political/mcconnell-urges-biden-administration-drop-divisive-radical-1619-project-grant-programs

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Senate Intelligence Leaders Say Mystery Sonic Weapon Attacks On US Officials Increasing

After it was revealed Thursday that US intelligence is investigating at least two potential "directed energy" sonic attacks on White House personnel - one of which is alleged to have happened just ...

https://www.zerohedge.com/political/senate-intelligence-leaders-say-mystery-sonic-weapon-attacks-us-officials-increasing

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Biden Unveils New Strategy For North Korea & Wants You To Know It's "Not Trump's"

On Friday the Biden administration announced the completion of its major review of US policy toward North Korea, which revealed deep White House pessimism toward prior Trump efforts to strike a "grand bargain" with ...

https://www.zerohedge.com/political/biden-unveils-new-strategy-north-korea-wants-you-know-its-not-trumps

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Niall Ferguson: How Ike's 1950s America Beat The 'Asian Flu' With Science & Common Sense

This essay is adapted from Mr. Fergusons new book, Doom: The Politics of Catastrophe, which will be published by Penguin Press on May 4. He is a senior fellow at the Hoover Institution at Stanford University...

https://www.zerohedge.com/covid-19/niall-ferguson-how-ikes-1950s-america-beat-asian-flu-science-common-sense

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California To Offer Early Release To Over 63,000 Violent Felons

California Gov. Gavin Newsom is giving 76,000 inmates - 63,000 of which are violent and repeat felons - the chance to leave prison early, allowing inmates with good behavior to shorten their sentences by 1/3 instead of the 1/5 ...

https://www.zerohedge.com/political/california-offer-early-release-over-63000-violent-felons

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Biden Plan To Recover $700 Billion Through IRS Audits Is Unrealistic: Former Officials

The Biden administration's plan to count on $700 billion over the next decade from enhanced IRS audits of the wealthy and corporations - a major source of funding for his economic agenda - is wishful thinking, ...

https://www.zerohedge.com/political/biden-plan-recover-700-billion-through-irs-audits-unrealistic-former-officials

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So It Looks Like Nationalizing Student Loans Has Simply Turned Into One Giant Ponzi Scheme

We've all known that nationalizing student loan debt would turn out to be a terrible decision (just as it is when the government nationalizes any industry). We have been saying it on this site for years: it ...

https://www.zerohedge.com/markets/so-it-looks-nationalizing-student-loans-has-simply-turned-one-giant-ponzi-scheme

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China Pollutes More Than US And All Developed Countries Combined: Report

China's 2019 greenhouse gas emissions exceeded those of the United States and the rest of the developed world combined, according to CNBC, citing a Thursday report by the Rhodium Group - a New York-based advisory group founded...

https://www.zerohedge.com/political/china-pollutes-more-us-and-all-developed-countries-combined-report

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Atlas Is Shrugging: Forget 'The Great Reset', Here Comes 'The Great Reject'

Authored by Mark Jeftovic via BombThrower.com,

The Jackpot Chronicles Scenario #4: Atlas Shrugged

Never mind The Great Reset. Here comes The Great Reject.

It occurred to me that I never did finish the final instalment ...

https://www.zerohedge.com/crypto/atlas-shrugging-forget-great-reset-here-comes-great-reject

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Slap On The Wrist: Honeywell Fined For Sharing F-35, Other Secrets To China

Via South Front,

On May 5th, the US State Departmentannouncedthat it had reached a $13 million settlement with defense contractor Honeywell.

The settlement is over allegations it exported technical drawings of parts for ...

https://www.zerohedge.com/geopolitical/slap-wrist-honeywell-fined-sharing-f-35-other-secrets-china

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Space Force Chief Scientist Says Developing Augmented 'Super Soldiers' Is "Imperative"

Authored by Dave DeCamp via AntiWar.com,

The top scientist in the US Space Force said last week thathuman augmentation should be embracedand that it is "imperative"for the US military to start working on such ...

https://www.zerohedge.com/technology/space-force-chief-scientist-says-developing-augmented-super-soldiers-imperative

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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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JPM: Biden's Infra Bill Faces Enough Dem Opposition That It Will Be Materially Lower Than $4 Trillion

After weeks of bombastic announcements by the Biden administration, which included an utterly unprecedented $6trln in new federal spending split between The American Families Plan, American Jobs ...

https://www.zerohedge.com/markets/jpm-bidens-infra-bill-faces-enough-dem-opposition-it-will-be-materially-lower-4-trillion

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Here Are The Best Performing Assets In April And YTD

April was another solid month for financial markets, with 31 of the 38 non-currency assets in Deutsche Bank's main sample gaining ground (alas, unlike Goldman, DB refuses to include cryptos to the main sample of assets it tracks).

As DB's Henry...

https://www.zerohedge.com/markets/here-are-best-performing-assets-april-and-ytd

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Vaccine Passports Are Coming To Sports Venues

Vaccine passports (or passes or certificates) are being deployed at over 60 US stadiums and other venues this summer to get the economy "back to normal," according toReuters.

Major League Baseball's San Francisco Giants and New York Mets are some of ...

https://www.zerohedge.com/covid-19/vaccine-passports-coming-sports-venues

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Peruvian Presidential Front-Runner Says He'll Seize 70% Of Profits From Overseas Businesses

In a model that is surely going to soon be adopted and pushed by AOC and other deep thinkers on the left in the U.S., Peru's presidential front-runner Pedro Castillo has come out and said he would "seize ...

https://www.zerohedge.com/markets/peruvian-presidential-front-runner-says-hell-seize-70-profits-overseas-businesses

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