Saturday, January 19, 2019

Another Retail Chain Bought & Stripped Bare by Sun Capital Goes Bankrupt

by Wolf Richter, Wolf Street:

Number five in two years. Here’s the list.

“This decision is a difficult, but necessary one,” ShopKo said in its announcement of the Chapter 11 bankruptcy filing. It blamed “excess debt and ongoing competitive pressures” and “a challenging retail environment.” It said it would try to sell its pharmacy business in an auction and close 38 stores of the 360 general merchandise stores that it operates in 26 states, after having already closed about 45 stores last year.

SCOOP: UK to Demolish Skripal’s Home as Evidence Mounts That He Poisoned Himself by Accident

by John Helmer, Russia Insider:

“I think it abundantly clear that what we have been told about what took place on 4th March in the beautiful city of Salisbury is not, in fact, true. It is clear that something else happened, and much of what we have seen since then has been theatre and an attempt to cover up what actually took place.”

Helmer is the longest serving foreign correspondent covering Russia. He published his fascinating memoirs in December of 2018. They are full of insights into what has really been going on in Moscow over the past 30 years. RI wrote about it here. He is the author of 12 books, 3 of them about Russia.

Gillette ‘Toxic Masculinity’ Commercial Set to Break into Most Disliked YouTube Videos List

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by Charlie Nash, Breitbart:

Gillette’s recent commercial against “toxic masculinity” has reached 700,000 dislikes on YouTube and is quickly approaching the top 50 most disliked YouTube videos of all time after just several days on the platform.

As of writing, the commercial has just over 700,000 dislikes, against just over 300,000 likes.

War Whores Scramble To Say Syria Attack Means Troops Must Remain

by Caitlin Johnstone, Caitlin Johnstone:

A suicide bombing in Manbij, Syria has reportedly killed 19 people including four Americans, two of whom were US soldiers and two of whom worked with the US military. ISIS, which has an extensive history of falsely claiming responsibility for attacks it had nothing to do with, has claimed responsibility for the attack. Despite the fact that ISIS would claim responsibility for a housewife stepping on a Lego block, and despite the complete absence of evidence that it had anything to do with the deadly explosion, all the usual cheerleaders of endless war are pointing to the Manbij suicide bombing and shrieking “See?? Trump said ISIS is defeated and it’s not!”

Over 773 Million Emails, 21 Million Passwords Have Been Leaked Online

from The Anti Media:

Security expert Troy Hunt has exposed a the largest publication of breached data in history, affecting over 770 million email addresses and 21 million passwords.

The new finding, called “Collection #1” by Hunt, consists of 2.6 billion rows and is made up of “many different individual data breaches from literally thousands of different sources.”

DOJ report shows just how few legally purchased guns are used to commit crimes

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from True Pundit:

A Department of Justice report shows that only seven percent of nearly 300,000 state and federal prisoners who possessed a firearm during their crime purchased the gun from a licensed firearm dealer.

The report estimates that 287,400 prisoners had a gun on them when they committed the crime for which they are imprisoned, and a majority of those prisoners either stole the gun, found it at the scene of the crime, or bought it off the street or from the underground market, according to the 2016 Survey of Prison Inmates.

Gold Is Up Lately. Why Does It Feel So Disappointing?

by John Rubino, Dollar Collapse:

Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin.

So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short – which normally portends a big price increase. January is also the seasonally best time for gold and silver, since that’s when Asians stock up on jewelry to give at Spring weddings.

Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver

by Clint Siegner, Money Metals:

Cheyenne, Wyoming (January 17, 2019) – A group of Wyoming legislators have introduced three bills this week to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state’s pension fund, reserve fund, and mineral trust fund.

Introduced by Representative Roy Edwards (R-Gillette) and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB 174) empowers the State Treasurer to hold at least 10% of the Permanent Wyoming Mineral Trust Fund in the monetary metals in a depository in or near the state of Wyoming.

The Permanent Wyoming Mineral Trust Fund is the state’s oldest and most well-funded permanent fund with over $8 billion in assets.

Gold Is At (Or Nearly At) All-Time Highs In 72 Currencies

from Silver Doctors:

Popular belief has it that gold prices haven’t performed well despite the fundamentals. That’s just not the case in these 72 currencies around the world…

by Ross Norman via ZH:

It is natural that we measure things by a familiar yardstick – the problem is that being so-biased or lazy, we can be deceived.

Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at … or within a few percentage points … of being at an all time high for people in those countries. Not on the list are the British Pound, the Swiss Franc, the Euro and Chinese Yuan – but we are not far off in all of those currencies too. Only in USD does gold lag – and not all of us live in the US.