naked cap: Proof of Ongoing Foreclosure Fraud and Mortgage Document Fabrication, in Five Emails.
Mashable: Walmart cuts some workers’ hours to help control costs from raising wages.
You know, I hope, that Wall Street watches Walmart closely. WM has realtime results for every store, and moves accordingly in very swift fashion.
Guardian.UK: US stock markets finish down to close out worst August in three years.
*Sigh*. I have a feeling if the interest rate hike doesn’t come, the market will climb in spite of China. Wall Street is well-versed in blackmailing the Fed.
Valet/Fall 2015 Buying Planner: Chukkas.
ArtDaily: Craft in America episode focuses on fine handmade instruments.
“Craft in America, the Peabody Award-winning documentary series, now in its 7th season, returns to PBS, on November 20th at 10pm, with an all new episode, titled MUSIC, which focuses on how fine handmade instruments are crafted and the world-renowned artists who play them, demonstrating the perfect blend of form and function.”
The Atlantic: U.S. Housing: An Economic Bright Spot After a Wobbly Week.
“Unlike with the stock market, economists agree that the housing market can probably withstand an interest rate hike ...” You wonder if policy-makers or journalists ever look beyond the statistics and check actual conditions on the ground. Real estate is but thinly recovering here. A hike would immolate that progress.
SF New Mexican: New Mexico insurer is pulling out of state health exchange.
The house of cards will come falling down. Folks I talk to, cannot find doctors to take some of the other exchange options. Not good.
Later: What happens if the ACA fails in a single state? Oh, people may be covered, but they may not find physicians to take that coverage. What happens then?
Angry Bear: Real Household Net Worth - Look Out Below?
Uh-oh. Recession coming? That’ll hurt not only us, but the Dem nominee. Obama better get serious with Ms. Yellen.
Pen Test Partners: Hacking DefCon 23’s IoT Village Samsung fridge.
“Whilst the fridge implements SSL, it FAILS to validate SSL certificates, thereby enabling man-in-the-middle attacks against most connections.” No flying cars, but SSL in your refrigerator. Welcome to the future. Thanks, @emceeaich.
Guardian.UK: North Dakota’s big oil boom in a man’s land - ‘It’s like capitalism on steroids’.
A bit light and fluffy. Is anyone preparing for when the money stops flowing? And no real mention of the environmental concerns. At least the author did hit the infrastructure issue.
naked cap/Wolf Richter: Americans’ Economic Outlook Plunges.
“Many Americans don’t own stocks and don’t pay attention to stocks even if they do own them in their retirement accounts. They care about job prospects, promotions, and incomes, which aren’t really going anywhere; and health care expenses, college expenses, housing costs, and the like, which are soaring. For many Americans, this economy is tough.” My italic emphasis.
Telegraph.UK: Dead teenager ‘wakes up in grave in Honduras’ – only to then ‘die in hospital’.
Nightmare of the day. If you don’t want to be totally bummed out, don’t read this.
BBC: US stocks fall again as rally runs out of steam.
As I said earlier [below], it ain’t over until the bell rings. As long as China remains unstable, it’s going to play hell with Wall Street. Have a drink, or take a walk ... try to forget about it.
Atlantic: The Dow Spikes at the Opening Bell After China Cuts Interest Rates.
“The Dow jumped 300 points at the opening bell Tuesday, and the S&P 500 spiked 2 percent—a day after global markets were battered amid the uncertainty posed by signs of weakness in China’s economy.” It ain’t over until the bell rings.
Reuters: Wall Street in free-fall; all three indexes in correction.
“The Dow has never lost more than 800 points in a day.” Add ten years to your retirement schedules.
Mashable: U.S. stock market suffers drastic day of panic, capping a miserable week.
Ouch, that hurts.
Aeon: We are sacrificing the right to walk.
You know, even as a kid, I noticed the dearth of sidewalks west of the Mississippi. Cars rule the long ribbons of highway, and the grids of town.
Minimalists: Packing Party - Unpack a Simpler Life.
Vice: The Battle to Save the Businesses That Make New York Unique.
FiveThirtyEight: Your Genes Won’t Make You Rich.
Trust fund babies über alles. Even adopted ones.
The Atlantic: Social Security at 80 - Seniors Are Working More.
“In 1880 the majority of men older than 64 toiled in the labor force. That proportion fell steadily and continuously, and today men older than 64 in the labor force are in the minority.” I’m under the working assumption that conventional ‘retirement’ will be a piece of history when I reach the age ... ten more years! Unbelievable, that.
New Yorker: The Chinese Lingerie Vendors of Egypt.
Fascinating look at how cultures coexist.
VF: Hookup-Culture Promotion.
Tinder is tender over this article. Man, dating from my day looks even more passé than Victorian. Today’s internet version, sex is mere hydraulics. [You may quote me, with attribution.]
WHNT: State Sen. Paul Sanford sets up GoFundMe account to solve AL’s budget woes.
Entertaining. And by a Republican, too.
naked cap: Godzilla vs. Mothra vs. You - The Health Care Industry Consolidates.
“The major health insurers have announced their quarterly earnings. For UnitedHealth Group, the largest health insurer, plus the six which are currently engaged in take-over deals, the results were largely positive. The results, and the market’s reaction, indicate [that] Health plans have largely been able to pass increases in medical costs onto their members, challenging the notion that Obamacare’s regulations on profit have benefited consumers. [And] these improved margins appear to be driven by higher premiums.” My unsurprised italics.