Headlines

Republicans can’t wait to debate Medicare for All

Mexico’s former president drops the F-bomb in describing Trump’s foreign policy

Pelosi gets rock-star treatment at pre-Grammy gala ...

Donald Trump endorses Democrats endorsing Green New Deal

Mulvaney expects action this week on White House leaks

Democrats are targeting the rich with big tax hikes — here's why history may be on their side

Madame Lagarde warns of world economic ‘storm’

Gallup: Five million Latin Americans coming to the US this year

Bloomberg scorches Trump’s ‘unAmerican’ immigration policies

66% of workers want a 4-day work week — why only 17% of employers offer it

Wealth concentration near ‘levels seen in the Roaring Twenties’ ..

Schiff claims Trump Moscow Tower proposal ‘form of collusion’

Headlines

Warren stumbles with 'Native American' rollout

Google's YouTube suffers a major outage

Dens eye 'Internet Bill of Rights' if win House ...

... Largest truck company predicts 20 percent wage raise

Ex-sheriff Joe Arpaio files libel suit against NYT

Supreme Court will hear case that could decide whether Facebook, Twitter can censure  users

Trump: Don't blame me if Dems take House!

Graham: Mohammad bin Salman 'has got to go'

World Economic Forum study: U.S. ranks closest to 'ideal state'

IMF's Christine Lagafde will postpone trip to Middle East

Mueller said ready to deliver findings in Trump probe ...

Mexico vows to stop migrant caravan if it disobeys immigration laws

International Monetary F...ing

Christine Lagarde, the head of the IMF (International Monetary Fund), now estimates that, in order to fully protect the European Economic Community (EEC) from cascading debt default, it will cost the IMF €3 trillion (see Lagarde Unloads).  The IMF now has about €300 billion in available funds which means that it is €2.7 trillion short of this needed bailout reserve.  The question then becomes ... what will it cost the United States to put this gigantic finger in the financial dike?  Well the Wall Street Journal states the our additional share of this shortfall would be at least 17.1% to 19% ... or even possibly more (read the: WSJ Article).

This translates into a $618 billion to $687 billion reach into the (empty) U.S. piggy bank to bail out Europe!  Wow! This is more than five times the 2008-inflation-adjusted cost of the post-World-War-II Marshall plan (see: Bailout Costs).

The operational idea behind the IMF seems to be -- "from each according to its ability, to each according to its need."  Hmmm, what does this sound like?  (By the bye, the world's second largest economy, China's current related IMF assessment percentage is ... I think ... below 4% ... and it may be 0% ... the IMF is not very transparent about these things.)