Fed Tapers $10 Billion, Says Economy, Consumer Demand “Picked Up”

Despite dismal data (or the potential for great escape velocity is around the corner data), major event risks, and a Treasury market that just won’t buy the dream of recovery that they are selling; the Fed stuck to its tapering guns… with a consensus $10bn taper… *FED TAPERS BOND BUYING TO $45 BLN MONTHLY PACE…

Food Insecurity

Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

If the economy really is “getting better”, then why are nearly 50 million Americans dealing with food insecurity? In 1854, Henry David Thoreau observed that “the mass of men lead lives of quiet desperation”. The same could be said of our time. In America today, most people are quietly scratching and clawing their way from…


Top U.S. Diplomat: Russia Has Betrayed the “New World Order”

Top diplomat Christopher R. Hill says that Russia’s response to the Ukraine crisis means that Moscow has betrayed the “new world order” it has been a part of for the last 25 years. In a piece for the influential Project Syndicate publication, Hill, a former US ambassador to Iraq and Korea, writes that Russia’s annexation of Crimea…

Food Inflation

Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

  We previously noted that both beef and pork (courtesy of the affectionately named Porcine Epidemic Diarrhea virus) prices have been reaching new all time highs on an almost daily basis. It is time to update the chart. Below we show what a world in which the Fed is constantly lamenting the lack of inflation looks like for beef…


USDA Bans Junk Food in Schools – Will Salty Snacks Move to Black Market?

  If public school kids thought their “Let’s Move” lunches were bad before, just wait until they find out what’s in store for them this school year: starting in July, no more junk food anywhere in school vending machines, stores or lunchrooms and draconian calorie, sugar and salt limits on any food sold at schools. Schools that don’t…

GMO Skull and Crossbones

Maui Petition Launched to Fight GMO: Battle Lines Drawn, Monsanto Responds

  This week, a petition carrying 9,500 signatures was submitted to officials in Maui County, Hawaii. The petition is in an effort to suspend genetically modified crops on the island, and would put the proposal before voters in November. Monsanto isn’t taking all of this citizen-action sitting down, saying the potential ban is “a terrible…