In The News Today

Posted at 10:19 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

More and more talk of the same thing …from CNBC no less.  Spelling the death of the dollar!

Yuan Pricing Of Oil Is Coming, Economist Says
October 9, 2017

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Bill Holter’s Commentary

I wonder what the “late payment fee” is on $7.5 billion?  Of course rather than wondering this we should be wondering what the haircut percentage on the debt will be in bankruptcy?

Apnewsbreak: Billions In Illinois Bills Not Sent For Payment
October 10, 2017

SPRINGFIELD, Ill. (AP) — Illinois is chasing a moving target as it tries to dig out of the nation’s worst budget crisis, and a review obtained by The Associated Press shows $7.5 billion worth of unpaid bills — as much as half the total — hadn’t been sent to the official who writes the checks by the end of June.

Although many of those IOUs have since been paid, a similar amount in unprocessed bills has replaced them in the last three months, Comptroller Susana Mendoza’s office said Monday. That’s in addition to $9 billion worth of checks that are at the office but being delayed because the state lacks the money to pay them.

The mound of past-due bills tripled over the two years Republican Gov. Bruce Rauner and Democrats who control the General Assembly were locked in a budget stalemate, which ended in July when lawmakers hiked income taxes over Rauner’s vetoes.

In some cases, agencies were waiting to send their receipts to Mendoza because lawmakers haven’t approved the spending. For example, the Department of Corrections had $471 million in unpaid bills on hand as of June 30 largely for that reason.

“Ascertaining the precise nature of the state’s past-due obligations and liabilities is an essential component of responsible cash and debt management,” the Democratic comptroller wrote in a letter to Republican Rep. David McSweeney, a budget hawk from Barrington Hills who requested the review.

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Bill Holter’s Commentary

Welcome to the “Times” of the U.S.S.A.  They must think we are stupid.  They had better be praying they can fool the majority, otherwise their own existence is at stake.

American Pravda, NYT: Slanting the News and a Bizarre Comey Connection
October 10, 2017

Nick Dudich, Audience Strategy Editor for NYT Video, Says the Times Slants Anti-Trump News to the Front Page, “Oh, we always do.”

Claims to Be “Gatekeeper” for New York Times Videos: “My imprint is on every video we do.”

Worked for Both Hillary Clinton and Barack Obama Campaigns

Admits He Won’t Be Objective, “That’s why I’m here [at the NYT].”

NYT Ethical Handbook: “Journalists… must do nothing that might raise questions about their professional neutrality or that of The Times.”

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Bill Holter’s Commentary

So this generation has no real world skills whatsoever? No problem, this is why the discussion of “universal income” is no joke. Millennials can just take the cash and pay old codgers who are now greeters at Walmart to hammer their nails and measure for them. I nominate “measure twice and cut once” as the “old saying” most likely to become extinct?

Home Depot Panics Over Millennials; Forced To Host Tutorials On Using Tape Measures, Hammering Nails
October 10, 2017

As wall street analysts celebrate the coming of age of the millennial generation, a group of young people who were supposed to lead another revolutionary wave of consumerism if only they could work long enough to escape their parents’ basement, retailers like Home Depot are panicked about selling into what will soon be America’s largest demographic…but not for the reasons you might think.

While avocado resellers like Whole Foods only have to worry about creating a catchy advertising campaign to attract millennials, Home Depot is in full-on panic mode after realizing that an entire generation of Americans have absolutely no clue how to use their products. As the Wall Street Journal points out, the company has been forced to spend millions to create video tutorials and host in-store classes on how to do everything from using a tape measure to mopping a floor and hammering a nail.

Home Depot’s VP of marketing admits she was originally hesitant because she thought some of their videos might be a bit too “condescending” but she quickly learned they were very necessary for our pampered millennials.

In June the company introduced a series of online workshops, including videos on how to use a tape measure and how to hide cords, that were so basic some executives worried they were condescending. “You have to start somewhere,” Mr. Decker says.

Lisa DeStefano, Home Depot vice president of marketing, initially hesitated looking over the list of proposed video lessons, chosen based on high-frequency online search queries. “Were we selling people short? Were these just too obvious?” she says she asked her team. On the tape-measure tutorial, “I said ‘come on, how many things can you say about it?’ ” Ms. DeStefano says.

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