Headlines

Chinese tech companies could face trouble in Europe

Buffet buys back $5.1 billion in Berkshire stock as coronavirus hits operating earnings

John Brennan escapes prosecution in Durham probe

NY attorney general seeks to dissolve NRA

Trump and Macron discuss sending aid to Lebanon

Trump threatens executive action if no deal is reached in coronavirus stimulus talks

Bill Maher confronts ex-Clinton advisor about Epstein allegations

Police will be escorted to and from new Swedish No-Go police station

California sorts through coronavirus data as glitch stymies policy decisions

Jerry Falwell Jr. asks for indefinite leave of absence from Liberty University

President Trump says he’ll defer payroll tax until end of the year through executive action

Biden: Trump lying about safety of potential coronavirus vaccine

STAND UP FOR AMERICA!

Opening Our Country Council

On Tuesday, President Trump will announce who will make up his Opening Our Country Council. I would like to guess who he will name:


Trump’s Chief Economic Advisor Larry Kudlow

Berkshire Hathaway chairman and CEO Warren Buffet

New York Governor Andrew Cuomo

California Governor Gavin Newsom

Texas Governor Greg Abbott

 Fed Chairman Jerome Powell

Texas Senator Ted Cruz

Disney CEO Bob Iger

Gates Foundation Chair Bill Gates

Alibaba Chairman Jack Ma

NIH Director Anthony Fauci (maybe not)

Headlines

Sanders sends Democrat establishment into panic mode

Coronavirus live update: WHO calls Iran and Italy ‘deeply concerning,’ Goldman cuts GDP forecast

Harvey guilt of sex crimes ... Straight to jail ... Faces 5 to 29 years ...

Jussie Smollett to be indicted on 6 new charges

Harvey Weinstein found guilty in landmark #MeToo moment

Coronavirus could push mortgage rates past 4-year low

Will Obamas move to stop Bernie? Buffet boosts Bloomberg ...

Poll: Sanders, Bloomberg leapfrog Biden in New York

Global markets fall sharply as virus cases spread past Asia

Bloomberg’s $400 million bet looks headed for a Super Tuesday flop

Trump speaks to 110,000 at raucous India rally ...

Judge Judy vows to ‘fight to the death’ against Bernie Sanders

Headlines

Iraq’s prime minister says he’ll resign amid worsening crisis

UK police shoots suspect dead after terrorist attack at London Bridge

Black Friday flat? Crowds thin out

Afghan President: Defeating Baghdadi more significant that Bin-Laden

Sondland not resigning over sexual misconduct allegations

Warren Buffet is sitting on $128 billion, raising questions about whether the market is overvalued

Sales move online ... Third of [online] reviews fake?

Iran arrests eight as it blames CIA conspiracy for recent riots

Trump pushes new Taliban negotiations during surprise Afghanistan trip

Stocks fall to end November, but post the largest monthly gain since June

FBI issues warning about smart TVs ...

BET founder: No Democrat candidate can beat Trump

Too Much Wealth?

Capitalism works! It works so well that socialism and communism can suck off some of the wealth it creates and it still survives. Where capitalism is left relatively unencumbered, as in the United States and parts of the British Commonwealth, it creates wealth, enormous wealth. For instance here are some of the successes of this economic system:

- A Beverly Hills mountain-top estate is valued at a cool $1 billion

- A deVinci painting recently sold in New York for $453 million (in this case the buyer rumored to be a Saudi prince)

- During the holidays due to large influx of mega-yachts, some are parked at St. Barths as far as a mile out to sea

- Bill and Melinda Gates donated §4.78 billion to charity last year but still were 12th overall in wealth. Jeff Bezos gave away $2 billion, yet was still was the wealthiest man in the world (before his divorce settlement.) Last year Warren Buffet donated $3.6 billion to the Gates Foundation.

- In the 25 years since China adopted capitalism (albeit state-controlled), it has gone from a third-world economy to the number two wealthiest nation.

But, for whatever reason, when wealth bubbles occur, there always seems to be a way to bleed off the excess:

- The Pharaohs built the great pyramids and the Sphinx

-The Catholic Church built the great cathedrals of Europe

- The Chinese Song Dynasty built the Great Wall ... and modern China builds million-person “ghost” cities

- The US multi-billionaires hold gigantic conferences on global warming

Actually the negative interests rates in Europe and Japan nay well be another symptom of too much money sloshing around. In Germany, you can loan the government one million Euros and, in ten years, it will give you back 5 thousand Euros less. Some deal! Perhaps, just perhaps those Democrat candidates advocating a wealth tax are responding to this notion of too much wealth. We’ll see.

Headlines

Italian leaders strike agreement to form new government

Federal agents raid home on United Auto Workers union President, Gary Jones

30-year rate under 2% ... Rich stop spending ... Buffet hoarding cash ...

FEC complaint says Ilhan Omar broke law to fund alleged affair

Trump to visit favorite liberal target California in September

Bashing China could be the Democrats’ ticket to the White House

Mortgage defaults rise for first time since financial crisis ...

Virginia poll: Trump approval rating hits new low

Biden back on top, enjoying wide leads in two new polls

Queen approves Boris Johnson's plan to suspend parliament, making a no-deal Brexit more likely

Shock poll: Every major Dem beats Trump by at least 9 ...

Poll: Voters oppose additional migration by up to 3:1

Headlines

Trump squeezes Dems with border demands

China says its still preparing for US trade talks — but won’t give details after new Trump threats

Iran behind [Gaza] escalation?

Swalwell: Impeaching Trump ‘may be the only road to save the country’

Pompeo aims to counter China’s ambitions in the Arctic

Warren Buffet: If we have a trade war with China, it could be very bad for the whole world

Confusion: Biden says ‘Margaret Thatcher’ called him with concern about Trump

Democrat lawmakers take on threat of beach umbrellas

Navy strike group deployed to send message to Iran

41 dead after Russian passenger plane crash lands at Moscow airport

Study conclude Universal Basic Income doesn’t work ...

Red Sox manager Alex Cora to skip White House visit

Headlines

How the ACLU is setting up Trump for a field day in 2020

Buffet: If a bank needs a government bailout, CEO and spouse should lose ‘net worth’

Massive rocket barrage deep into Israel

Brooks: ‘Probably no collusion’ but Trump ‘acts’ like he’s colluding

North Korea fires several short-range projectiles into sea

Country House wins Kentucky Derby after favorite disqualified

Guaido says he overestimated military support in Venezuela ...

Barney Frank: Beto ‘may be regretting he’s straight’

Biden gives Trump nickname ‘clown’

Iran has mobilized all resources to sell oil in ‘grey market,’ state media says

5G signal could jam satellite signals that help with weather forecasting

Buttigieg: I ‘check myself’ to understand benefits from my whiteness

Headlines

Democrats channel their impeachment outrage on Barr

Berkshire Hathaway has been buying shares of Amazon, Warren Buffet says

Pelosi: Barr committed crime, ‘He lied to Congress’

‘C’mon man!’ Joe Biden scoffs at China threat

Trump says he leaned on God to survive Mueller probe

Elon Musk to investors: Self-driving cars will make Tesla a $500 billion company

CNN shock poll: Beto beats Trump bu 10 points?

Hillary: ‘I’m living rent-free in Donald Trump’s brain’

Baltimore Mayor Catherine Pugh resigns

Temptation to ‘game the system’ could derail US-China trade deal, says former American official

Poll finds hunger for change to US system of government ...

Local elections: Torres, Labour hemorrhage seats, some big UKIP wins

Headlines

GOP donors: Trump campaign lacks a strategy to win in 2020

Buffet, after last week’s stock plunge, says Berkshire Hathaway ‘overpaid’ for Kraft

Are we on road to civilization collapse? Scientists fear end to mankind ...

Alexandria Ocasio-Cortez to Democrat establishment, ‘We’re in charge’

Ex-Clinton staffers slam Sanders over private jet flights

Former Fed Chairman Paul Volker rips ‘culture of the financial system’ and its focus on profits

After Putin’s warning, Russian TV lists nuclear targets in USA ...

Harris: ‘Of course we can afford’ spending on Green New Deal

Warren shuts down donor dinners, insider access

Oil falls after Trump tells OPEC prices are too high and ‘world cannot take a price hike’

With 5G hype high, consumers risk disappointment ...

Report: Julian Assange receives Australian passport

Headlines

McCarthy hits hard at Dems after winning minority leader post

Here are Warren Buffet's 10 biggest holdings now, half of which are banks

Caravan jumps border fence, no troops ...

State Dept: Iran spends $1 billion a year on terrorism

White House dumps senior official after clash with Melania Trump

Stormy Daniels' attorney Michael Avaneti arrested for alleged felony domestic violence

Feds collect record taxes in October ...

22 buses with 900 migrants near U.S. border

Nelson will likely come up short in his recount barrel against Scott

White House curtails Trump trade advisor Navarro's public role as Kudlow rip s him for China comments

China tech factory conditions spawn suicides ...

Trump calls Jerry Brown to offer support against California wildfires

Heaslines

Giuliani: Mueller interview prep on Trump's summer schedule

Trump: I 'doubt' China trade negotiations will succeed

California resistance to Trump includes at least 32 lawsuits ...

Report: IG will declare FBI, DOJ broke law in Clinton e-mail probe

Trump: 'Animals' comment referred to MS-13 members

Warren Buffet: Interest rates are the 'most important' thing in determining stock values

RUDY: WE'LL RIP MUELLER APART

Trump donates first quarter salary to Department of. Veterans Affairs

Republicans are still running against Colin Kaepernick

Manafort's former son-in-law cuts plea deal with government

Chinese mass-indoctrination camps evoke cultural revolution ...

Pelosi defends MS-13

Headlines

California GOP looks to dislodge Democrats

Warren Buffer: I was wrong on Google and Amazon, Jeff Bezos achieved a business 'miracle'

Another judge rejects Mueller move, going dark for elections?

Report: McCain doesn't want Trump at [his] funeral

Ryan reverses, will keep House chaplan in place

North Korea says US was making 'misleading' that denuclearization pledge was a result of sanctions

NETANYAHU: Better to confront Iran sooner rather than later ...

[David] Brooks: Tax bill 'better than I thought'

[Adam] Schiff: Guilliami has been 'deeply hurtful' to Trump's cause

US-China trade talks end with strong demands, but few signs of a deal

FACEBOOK lead attorney lied to Congress while under oath?

Bother patrol agents arrests 15 more Bangladeshi nationals in South Texas

Three Oracles

Just watched on CNBC an interview with three oracles who have been quite successful in their ability to make gobs of money. They were questioned on many topics ... from bitcoins to autonomous cars. The three oracles were Warren Buffet and Charlie Munger of Berkshire Hathaway ...  and Bill Gates of Microsoft fame. The back and forth among these three suggested answers to most of the world's conundrums ... mostly with good humor and humility.

However, before we unwashed believe that this trio have all the answers, please remember the following:

- Warren Buffet was one of the biggest supporters of Hillary Clinton for president

- Charlie Munger believes that single-payer healthcare is the answer to our spiraling medical costs

- Bill Gates believes that man-made global warming is one of the world's biggest problems


Now, one or two of these oracles might turn out to be right, but I strongly doubt all thre have the answers.

Headlines

Guiliani falls back in line

Warren Buffet: US and China will avoid an 'extremely foolish' trade war

Nearly 1,600 arrested in Russian anti-Putin protests

Report: Jphn Kerry engaged in 'shadow deplomacy' with Iran to save nuclear deal

China's schooling Trump on the art of the delay

Warren Buffet says bitcoin is 'probably 'rat poison squared'

Buffet accounting 'nightmare' fuels first loss in nine years

Graphic: Cartel civil war leaves more tha 450 dead in Mexican border city

Mueller seeks delay in case alleging Russians interfered with U.S. election

Hawaii on high alert after day of earthquakes, lava flows

Argintina raises interest rates to 40%

Lisa Page resigns from FBI

Headlines

Golden Globe speech sets off Oprah 2020 talk

NBC: Oprah our next president ...

Buffet's Berkshire stands to gain $37 billion windfall from tax plan

Ratings down for all four NFL playoff games

Trump to end protected status for Salvadorans

Obamas criticized for lavish libtary plans ...

Starting Jan. 22, some may need a passport for domestic air travel

Pope: Global warming 'consequence of human activity'

Trump delays fake news awards

Romney treated for cancer over summer ...

Hurricanes, wildfires cost $300 billion in 2017, setting record

Report: 10% of Amazon employees in Ohio on food stamps

Headlines

Sessions announces end to policy that allowed legal pot to flourish

Trump org gave Mueller a slew of documents, some regarding alleged dossier source

Companies warned to replace all computer hardware or face 'specter' attack

Report: Amazon in talks to push advertisements through Echo devices

Washington's growing obsession: The 25th Amendment

Tiebreaker in Virginia goes to the GOP

PHILLIP MORRIS quitting cigarettes ...

Report: Apple to repatriate $200 billion in foreign cash?

Judge: House panel entitled to Fusion GPS bank records

There are signs of another India-China border spat

Buffet: Years of [economic] growth lie ahead ...

Winning: 100+ U.S. companies giving Trump tax cut bonuses

The 1% of the 1%

It is now a big fat myth that the Republicans are the party of the rich.

I read a headline yesterday that said that Bill Gates, Jeff Bezos and Warren Buffet together have as much money (almost $250 billion) as the lowest 1/2 of the U.S. population! To me, this is a surprising statistic  and caused me to go to Google to check out its validity. I asked for the top 10 wealthiest Americans and here is what Forbes magazine indicates who these nabobs are:

#) Name, Wealth, Source of Wealth

1) Bill Gates, $89.0 billion, Microsoft

2) Jeff Bezos, $81.5 billion, Amazon

3) Warren Buffet, $78.0 billion, Berkshire Hathaway

4 ) Mark Zuckerberg, $71.0 billion, Facebook

5) Larry Ellisom, $59.0 billion, Oracle Software

6) Charles Koch, $48.5 billion, Koch Industries

7) David Koch, $48.5 billion, Koch Industries

8) Michael Bloomberg, $46.8 billion, Bloomberg LP

9) Larry Page, $44.6 billion, Google

10) Sergey Brin, $43.4 billion, Google

I'm not sure that these 10 are the 1% of the 1% ... but I bet it's close. Now, here's the test to determine if you will receive an unlimited EBT card and an Obamaphone: What do 8 out of 10 of these billionaires have in common?  Hint: It involves politics ... lefty politics ... moonbat lefty politics ... knee-jerk moonbat lefty politics. Except for the Koch brothers, they're all liberals ... even those older fellows, Bloomberg, Ellison and Buffet.

So you see, faithful readers, that notion that Republicans are the party of the wealthy is just more fake news.

Headlines

All from Internet news sites. Guess which from CNBC?

GOP faces wrenching call: Running with or away from Trump

California NAACP wants to replace 'racist' Star Spangled Banner

GOP senator [Corker] announces hearing to probe Trump's 'authority to use nuclear weapons'

Border Patrol losing agents faster than it can hire them ...

Republicans have a serious suburban problem in 2018

Trump critics fear DOJ is using merger deal to punish CNN

Gates, Bezos, Buffet richer than poorest half of USA ...

Beijing residents on Trump: 'More honest than Obama'

CBO: Obamacare mandate repeal would cut deficit by $338 billion

China state-controlled media sides with Trump over American 'fake' media

Palm Springs City Council now entirely gay ...

Trump: South Korea agrees to 'tremendous' U.S. weapons purchase

Headlines

These headlines are real ... they have all been discovered on Internet news sites.

Israel to build more settlements in defiance of UN ...

Christmas in Chicago, 43 shot ...

China's 1st aircraft carrier sails into South [China] Sea ...

Space Mining: the intergalactic gold rush is already on

Obama blames the media for not telling rural America how awesome he is

Senate Dems condemn Obama ...

Krauthammer: Israeli settlement [UN] vote, 'a US operation all the way'

50th Anniversary of Kwanzaa kicks off in L.A.

Consumer confidence highest since '01

Buffet, biggest gainer in '16 ...fortune swells $12.3 billion

Gun-controlled Chicago fast approaching 800 homicides for 2016

Kitten survives 600 mile trip under hood of truck