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Zero Hedge
our mission: to widen the scope of financial, economic and political information available to the professional investing public. to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become. to liberate oppressed knowledge. to provide analysis uninhibited by political constraint. to facilitate information's unending quest for freedom.

Zerohedge

Chinese Property Developers Implode As Market Freaks Out Over $55 Billion Debt Cliff

Earlier this month, when we reported that in the latest warning about China's housing sector, the Communist Party’s People’s Daily warned that China’s regional economies need to reduce their reliance on the property market for growth and instead focus on sustainable longer-term development, we wondered if "something was afoot with China's housing sector." The story is familiar: in recent year, hundreds of cities across China have seen upswings in their local property markets under a...

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Trump Tells Pelosi Her Trips Are Postponed Due To Shutdown Unless She Flies Commercial

Just one day after Speaker Pelosi chose to exercise her right to not invite the President to give his "State of the Union" address, Trump has responded. In a letter to Nancy Pelosi, President Trump explains that he will be postponing her trip to various foreign countries due to the shutdown. Dear Madame Speaker: Due to the Shutdown, I am sorry to inform you that your trip to Brussels, Egypt, and Afghanistan has been postponed. We will reschedule this seven-day excursion when the...

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Facebook Is Now Censoring Talk About Politics And Religion At Work

It's not just social media users that are being censored, now its social media employees. According to a new report by Business Insider, citing an internal company memo, Facebook is now telling its employees what they can, and can't, talk about at work. Business Insider reviewed an internal company memo where Facebook's CTO claims to have put together "a set of ground rules for open and respectful communication at work, and a central moderation model." The memo states: "We're keeping it...

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Asylum Claims Spike 22 Percent In France, Plunge In Populist Countries

France saw a 22% spike in asylum applications in 2018, while countries led by populist governments such as Italy and Austria have seen claims plummet, according to Le Monde.  According to the French Interior Ministry, there were 122,743 asylum applications in 2018, primarily from Afghanistan, Albania, Georgia, Guinea and Ivory Coast. Of those, 46,700 people were granted asylum by the French government - up 9% according to the French Office for the Protection of Refugees and Stateless...

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Varoufakis: Run Down The Brexit Clock

Authored by Yanis Varoufakis via Project Syndicate, The terrifying prospect of a no-deal Brexit on March 29 remains in play after the British Parliament emphatically rejected Prime Minister Theresa May’s withdrawal agreement with the EU. Although it is tempting to reset the clock and give negotiations more time, that instinct must be resisted. The overwhelming defeat that Britain’s Parliament inflicted upon Prime Minister Theresa May’s Brexit plan was fresh confirmation that there is no...

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Turkish Parliament Grants Erdogan Emergency Powers To Combat Economic Disaster

In what could be the biggest threat yet to the independence of Turkey's central bank... ...the Turkish parliament on Wednesday endowed Turkish President Recep Tayyip Erdogan with untrammeled emergency authority to intervene when the country's economy is under threat, Bloomberg reported. Parliament voted late Wednesday to authorize Erdogan to take all the necessary measures in case of a “negative development” that could spread across the entire financial system. It also approved the...

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A Manifesto For A ‘Deplorable’ Party

Authored by Charles Hugh Smith via OfTwoMinds blog, We want the truth, the whole truth and nothing but the truth and that is our only demand for global human justice. The "deplorables" now include vast swaths of citizenry around the world: everyone who voted for Trump in the U.S. (and all those who haven't virtue-signaled their contempt for everyone who voted for him); everyone who voted for Brexit in the U.K. (and all those who haven't virtue-signaled their contempt for everyone who...

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It Happened Again: DEA Agent In Colombia Stole Millions, Hosted Yacht Parties With Hookers

Instead of fighting cartel criminals in Colombia, one US narcotics agent has been implicated in a multi million dollar money laundering scheme involving them. Jose Irizarry, a once heralded DEA agent, is now accused of conspiring with an informant to launder more than $7 million in drug money, sometimes using an underground network called the black market peso exchange, according to a new report by AP. Officials who spoke about the case called it "one of the biggest black eyes in the history...

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This Problem Is 10,000 Times Bigger Than The Border Wall

Authored by Simon Black via SovereignMan.com, We are in the midst of the longest government shutdown in history. Don’t get me wrong, I like having the government shut down. As I’ve said before, I believe it is my moral duty to pay as little taxes as possible. The government does some really stupid things with your tax dollars. I’d rather not pay for a $2 billion Obamacare website that doesn’t work, or to defend Congressmen against sexual assault allegations. So, by starving the beast, I...

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A Hacker-Proof Quantum Network Is Hiding In This New York City Tunnel

New Yorkers traveling in the Holland Tunnel, a vehicular tunnel underneath the Hudson River connecting Lower Manhattan and New Jersey, are now discovering that the next generation of communication technology is being tested right outside their car windows, said Bloomberg.  Lining the 8,558 feet tunnel is a fiber-optic cable that harnesses the power of quantum mechanics to guard corporations and government against potential hackers or spies. A technology startup called Quantum Xchange...

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