Saturday, December 14, 2019

Oops, Facebook’s Market Cap Plunges by $143 Billion

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by Wolf Richter, Wolf Street:

Throughout the scandals, Facebook was clad in Teflon and nothing mattered. But today, it mattered.

Facebook shares plunged 23% to $169 in late trading today, after successfully dodging the impact of various scandals the company has been embroiled in recently over its horrendous privacy practices, including disclosures that political analytics firm Cambridge Analytica, now defunct, had improperly accessed data from about 87 million Facebook users. This led to the world being served up the spectacle of CEO Mark Zuckerberg testifying before Congress in early April.

Twitter Responds To Conservative Outrage As VICE Confirms “Shadow Ban” Reports

from ZeroHedge:

A Wednesday article in VICE confirmed a report from last week by the Daily Wire‘s Ryan Saavedra which revealed that Twitter has been “shadow banning” conservative users by limiting the number of people who are able to view content from the affected users.

While last week’s discussion focused on a site-wide “Quality Filter Discrimination” shadow ban, which prevents anyone not already following a user from viewing their posts, Vice notes that many conservative accounts aren’t able to be found when typing names into the Twitter search engine.

‘Tweet of Mass Destruction’ ratchets up tension on Iran

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by Pepe Escobar, Asia Times:

The Trump administration’s ultimate goal is regime change in Tehran, but was this just a distraction from the ‘treason’ in Helsinki as US Mid-Term elections loom? Or did he just want to destabilize the Eurasian giants and their New Silk Roads?

resident Trump’s late-night, all-caps Tweet of Mass Destruction threatening Iran is bound to be enshrined in the Art of Diplomacy annals.

But let’s go back to how this all started. After unilaterally pulling out of the Iran nuclear deal, the Trump administration has issued what amounts to a declaration of economic war on Iran and will go no holds barred to squeeze the Islamic Republic out of the global oil market – complete with threatening allies in Europe with secondary sanctions, unless they cut all imports of Iranian oil by November 4.

They Knew Too Much

from Oriental Review:

The countries of the West used Israel to evacuate members of the White Helmets from southern Syria.  They couldn’t be allowed to fall into the hands of the Syrian government — at least, not while they are still alive.

Essential human-rights defenders

Damascus is almost finished liberating southwestern Syria. The military’s Operation Basalt was extremely successful, allowing them to regain control of the occupied provinces of Quneitra and Daraa(at present the Syrian army has only a small chunk of land left to liberate from the jihadists).  Many of the local gangs simply surrendered. Those militants who wanted to remain underwent a procedure of reconciliation with the authorities, while the others were put onto green buses and sent to Idlib.

Wild And Unprecedented Price Fluctuations Are Causing Financial Chaos For U.S. Businesses

by Michael Snyder, The Economic Collapse Blog:

In every war there is a high price to pay, and this trade war will not be any different.  The normal flow of goods and services around the globe is being severely disrupted, and even though this trade war has barely just begun, it is already having an enormous impact on the U.S. economy.  Even if we ultimately win this trade war and the Trump administration is able to achieve all of the goals that it is targeting, there will still be a great cost in the short-term.  We are going to see businesses fail, we are going to see workers get laid off, and global economic activity will inevitably contract.  Heck, at this point even Fox News is calling this trade war “economic suicide”.  We live at a time when a delicately balanced formula of economic factors allows us to live a debt-fueled standard of living that is far beyond what we actually deserve.  Now we are messing with that formula, and the consequences are likely to be far more severe than most Americans are anticipating.

Wall Street’s Dark Pools Get a Bonanza Wrapped as Reform by the SEC

by Pam Martens and Russ Martens, Wall St On Parade:

The Securities and Exchange Commission (SEC), which has had two separate Wall Street lawyers at its helm for the past five years (under both the Wall Street- friendly Obama administration as well as the current Trump administration), has released a 558-page document that attempts to pass itself off as reforming Wall Street’s Dark Pools. Instead, it simply tinkers around the meaningless edges of reform.

Dark Pools are trading venues that should not exist in an efficient, transparent and honest securities market. They are effectively unregulated stock exchanges being run internally by some of the biggest Wall Street banks on Wall Street: The same banks (like Citigroup, JPMorgan Chase, Goldman Sachs and Merrill Lynch) that have been serially charged with abusing their customers.

Russian Exodus From U.S. Treasury Market Continues

by Chris Marcus, Miles Franklin:

One month after Russia sold off half of its U.S. Treasury holdings, they just dumped virtually the rest.

So officially gone are the days of just speculating about an exodus out of the U.S. Treasury market. As one of the biggest customers has just left the auction.

Russia has sharply reduced its holdings of United States Treasury bonds, with Russian ownership recently moving to an 11-year low.

Russia’s ownership of US bonds declined from $96.1 billion in March to $48.7 billion in April and then to just $14.9 billion in May, according to the most recent data available, the Russian news website RT and the finance blog Wolf Street reported this week.

TRUMP WINS AGAIN WITH HUGE EU CONCESSIONS/GOLD UP $6.45 TO $1231,95 AND SILVER UP 8 CENTS TO $15.58/MORE SWAMP STORIES FOR YOU TONIGHT

by Harvey Organ, Harvey Organ Blog:

GOLD: $1231.95  UP  $6.45 (COMEX TO COMEX CLOSINGS)

Silver:   $15.58      UP 8 CENTS (COMEX TO COMEX CLOSINGS)

Closing access prices:

Gold $1231.65

silver: $15.61

Curcumin combined with boswellic acid scientifically shown to be a treatment for patients with osteoarthritis

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by Edsel Cook, Natural News:

Boswellic acid and curcumin have been used on their own as natural treatments for various ailments. An Armenian study (see citation below) showed that the two natural medicines have excellent synergy – their combination can relieve the painful symptoms of osteoarthritis.

Osteoarthritis weakens the cartilage and bones in the joints of aging people. The degenerative disease makes standing, walking, and other weight-bearing activities very difficult and painful for patients.

The pain and swelling can be mitigated by analgesics, cortisone, and NSAIDs. However, these pharmaceutical drugs have numerous negative side effects and might even be contraindicated for certain patients. They also do not stop the degenerative processes that undermine the joints in the first place.