Baltic Dry Index. 821 +03 Brent Crude 48.41
"England expects
that every man (and woman) to do his (her) duty and vote Conservative.”
With apologies to Lord Nelson.
As John Bull heads to the polls for the high stakes contest between Conservatism and freedom with prosperity, and turkeys voting for Christmas Communism, economic ruin and serfdom, a little dramatic music from the Red Priest to raise the Conservative spirits. Time today to crush the Nazis left in GB for all time.
https://www.youtube.com/watch?v=QSs6HKwhbAA
"Left-wing
zealots have often been prepared to ride roughshod over due process and basic
considerations of fairness when they think they can get away with it. For them
the ends always seems to justify the means. That is precisely how their
predecessors came to create the gulag."
Margaret
Thatcher
24 things that Jeremy Corbyn believes
1. The deficit should be tackled - but not through spending cuts and not to an "arbitrary" deadline. Instead Corbyn would fund its reduction via higher taxes for the rich and a crackdown on tax avoidance and evasion while tackling "corporate welfare" and tax breaks for companies.2. Britain's railways should be renationalised. He is also opposed to the HS2 rail scheme, saying it would turn northern cities into "dormitories for London businesses".
5. "Quantitative easing for people" could be used to invest in housing, energy, transport and digital projects. Unlike the £375bn issued electronically by the Bank of England between 2009 and 2012 to buy bonds, gilts and other debts, this would be "QE for people instead of banks", Corbyn says. Tax campaigner Richard Murphy argues these plans would stimulate the economy and boost employment. But Shadow Chancellor Chris Leslie attacked the proposal, saying it would lead to higher inflation and interest rates, hurting the poor most.
6. Replacing Trident would be a costly mistake. Corbyn, a long-term CND member, says plans to replace the nuclear missile system should be ditched. He believes the project's £100bn price tag could be better spent "on our national well-being".
More
We open below with
typical communism, when they’re not stealing other people’s wealth and
property, they’re murdering them for dissent. To the polls then, and as they
say in Northern Ireland, “vote early, vote often!”
People
sleep peaceably in their beds at night only because rough men stand ready to do
violence on their behalf.
George
Orwell.
'WE WILL RIOT' Corbyn supporters threaten violence if Labour don't win election
JEREMY Corbyn supporters have claimed Britain could be hit by riots if Labour loses the General Election.
By Tom Parfitt 10:19, Wed, Jun 7, 2017 | UPDATED:
12:04, Wed, Jun 7, 2017
In chilling social media posts seen by Express.co.uk, the hard-left
activists warned of mass social unrest in the event of a Tory victory.They raised the possibility of riots, protests and strikes – and even a revolution – if Theresa May remains Prime Minister.
The shocking comments were made in a popular pro-Labour group on Facebook named We Support Jeremy Corbyn.
The page boasts more than 55,000 fans but is not affiliated with the left-winger or his party.
Asked what would happen if Mr Corbyn loses the election, one user wrote: "National strike, riots, social unrest.
"Either the government resigns or there's civil war. That would be a catastrophe, that's exactly what the Tories want."
Another commented: "All out strikes and riots. I will become 2017 Robin Hood. I'll rob the elites and feed the poor and working families."
Others raised the possibility of a socialist revolution to overthrow Mrs
May's government.
One Labour activist said: "If we don't win the election, we need a
revolution!"
And another warned: "Do it and hit [the] streets, mass revolution.
Fill up the streets, take our homeland back, JC all the way."
More
Our
Jewish friends are no more responsible for the actions of Israel or the
Netanyahu Government than our Muslim friends are for those of various
self-styled Islamic states or organisations.
Jeremy
Corbyn.
From landslide for May to upset defeat - scenarios for UK election
British Prime Minister Theresa May's narrowing lead in opinion polls
ahead of the June 8 election has weakened sterling and raised questions over
whether she will win the landslide predicted just over a month ago.
The vote will decide whether May or her Labour Party rival Jeremy Corbyn
takes control of Britain's exit from the European Union - a two-year
negotiation which will plot a new course for the $2.6 trillion economy.
The prime minister called the snap election in a bid to strengthen her
hand in Brexit negotiations, to win more time to deal with the impact of the
divorce and to strengthen her grip on the Conservative Party.
While she is still expected to win, with a lead of between one
percentage point and 12 points in polls released over recent days, financial
markets are now digesting a bigger range of outcomes than they previously had
considered.
Sterling rallied in April when May called the vote as investors bet her
then-large poll lead would translate into a big majority, reducing uncertainty
over whether she would have the mandate required to negotiate on Britain's
behalf and then drive the deal through parliament.
The snap election pushes back the date of the next planned national
election from 2020 - just after Britain is due to have quit the EU - to 2022,
giving May more time to put the exit deal in place and potentially reducing
political risk over how the deal is implemented.
Some also take the view that a big majority would allow her to make
compromises with Brussels, in contrast to a hardline approach to date that has
prioritised issues like immigration and trade over access to Europe's lucrative
single market.
More
In other news, while
America awaits Super-Thursday for President Trump.
Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis
by John Gittelsohn and Erik Schatzker“Instead of buying low and selling high, you’re buying high and crossing your fingers,” Gross, 73, said Wednesday at the Bloomberg Invest New York summit.
Central bank policies for low-and negative-interest rates are artificially driving up asset prices while creating little growth in the real economy and punishing individual savers, banks and insurance companies, according to Gross.
The U.S. economy is expected to grow 2.2 percent this year and 2.3 percent in 2018, according to forecasts compiled by Bloomberg. Trump administration officials have said their policies will boost annual growth to 3 percent.
Despite being concerned about high asset prices, Gross said he feels required to stay invested and sees value in some closed-end funds. Examples he gave are the Duff & Phelps Global Utility Income Fund and the Nuveen Preferred Income Opportunities Fund. He also said he has about 2 percent to 3 percent in exchange-traded funds to get yield and add diversification.
More
Elliott's Singer Warns System May Be More Leveraged Than 2008
by Beth Jinks and Simone Foxman“I am very concerned about where we are,” Singer said Wednesday at the Bloomberg Invest New York summit. “What we have today is a global financial system that’s just about as leveraged -- and in many cases more leveraged -- than before 2008, and I don’t think the financial system is more sound.”
Years of low rates have eroded the effectiveness of central banks to contend with downturns, Singer said at the event in an interview with Carlyle Group co-founder David Rubenstein. “Suppressive” fiscal, regulatory and tax policies have also exacerbated income inequality and led to the rise of populist and fringe political movements, he added.
Confidence “could be lost in a very abrupt fashion causing conceivably a ruckus in bond markets, stock markets and in financial institutions,” said Singer, founder of hedge fund Elliott Management Corp., which is known for being an activist investor.
Singer, who has described himself as a political conservative since Barry Goldwater’s campaign, said he voted for Donald Trump after supporting Marco Rubio’s 2016 presidential primary campaign.
More
We stand today at a
crossroads: One path leads to despair and utter hopelessness. The other leads
to total extinction. Let us hope we have the wisdom to make the right choice.
Woody Allen
Crooks and Scoundrels Corner
The bent, the seriously bent, and the totally
doubled over.
Qatar, cui bono?
UAE turns screw on Qatar, threatens sympathisers with jail
The United Arab Emirates tightened the squeeze on fellow Gulf state
Qatar on Wednesday, threatening anyone publishing expressions of sympathy
towards Doha with up to 15 years in prison and barring entry to Qataris.
UAE Minister of State for Foreign Affairs Anwar Gargash told Reuters
there would be more curbs if necessary and said Qatar needed to make ironclad
commitments to change what critics say is a policy on funding Islamist
militants.
The UAE, Saudi Arabia, Egypt and Bahrain severed diplomatic ties with
Qatar on Monday over long-standing allegations that Doha is courting Iran,
which they deem the region's biggest external threat, and supporting Islamist
groups, seen as the biggest internal threat.
Qatar vehemently denies the allegations. It drew some apparent support
on Wednesday with officials in Ankara saying Turkey's parliament would
fast-track a draft bill allowing its troops to be deployed to a military base
in Qatar.
Iran, itself reeling from an attack by Islamic State militants that
killed at least 12 people on Wednesday, has called for dialogue to solve the
regional rupture.
But efforts to defuse the worst crisis among Gulf Arabs for two decades
showed no immediate progress.
----Qataris, meanwhile, were loading up on supplies in supermarkets, fearing shortages. The sudden isolation has also led to Qatar holding talks with Turkey, Iran and others to secure food and water supplies, according to a Qatari official.
The official said there were enough grain supplies to last four weeks
and Qatar also had large strategic food reserves.
More
Gulf firms struggle to keep Qatar business ties despite crisis
Banks and firms across Gulf Arab nations sought to keep business links
to Qatar open and avoid a costly firesale of assets on Wednesday as a political
freeze descended on the region.
Many banks in Saudi Arabia, the United Arab Emirates and Bahrain
suspended new business with Qatar soon after their governments cut diplomatic
and transport ties with Doha on Monday, accusing it of supporting terrorism.
But it was still unclear on Wednesday whether tens of billions of
dollars of existing deals - from loans to bank deposits and cross-border
shareholdings, as well as merchandise trade contracts - would have to be
unwound, and if so how fast.
That left bankers and businessmen in limbo as they continued to insist
to clients that commercial links had not been severed, even though their ability
to service these links was in doubt.
"Customers keep asking the bank whether it is still operating in
UAE and the bank’s response is, it's business as usual," said an executive
at a Qatari bank in the UAE.
He added that the UAE business did not do interbank deals locally and
obtained funding from its head office in Doha, so it was able for now to
continue corporate and retail banking.
Like most other businessmen, he declined to be named when talking about
Qatar because of political sensitivities. The UAE has threatened anyone
publishing expressions of sympathy towards Qatar with up to 15 years in prison.
The UAE central bank issued a statement saying payments and remittances
in the UAE financial system were occurring normally after the diplomatic split,
but it did not specify whether UAE banks would be required to close out their
exposure to Qatar.
More
Every election is a sort of
advance auction sale of stolen goods.
H. L. Mencken.
Technology Update.
With events happening
fast in the development of solar power and graphene, I’ve added this section.
Updates as they get reported. Is converting sunlight to usable cheap AC or DC
energy mankind’s future from the 21st century onwards? DC? A quantum
computer next?
Engineer unveils new spin on future of transistors with novel design
Date:
June 6, 2017
Source:
University of Texas at Dallas
Summary:
A researcher has designed a novel computing system made solely from carbon that
might one day replace the silicon transistors that power today’s electronic
devices.
An engineer with the Erik Jonsson School of Engineering and Computer
Science at The University of Texas at Dallas has designed a novel computing
system made solely from carbon that might one day replace the silicon
transistors that power today's electronic devices.
"The concept brings together an assortment of existing nanoscale
technologies and combines them in a new way," said Dr. Joseph S. Friedman,
assistant professor of electrical and computer engineering at UT Dallas who
conducted much of the research while he was a doctoral student at Northwestern
University.
The resulting all-carbon spin logic proposal, published by lead author
Friedman and several collaborators in the June 5 issue of the online journal Nature
Communications, is a computing system that Friedman believes could be made
smaller than silicon transistors, with increased performance.
Today's electronic devices are powered by transistors, which are tiny
silicon structures that rely on negatively charged electrons moving through the
silicon, forming an electric current. Transistors behave like switches, turning
current on and off.
In addition to carrying a charge, electrons have another property called
spin, which relates to their magnetic properties. In recent years, engineers
have been investigating ways to exploit the spin characteristics of electrons
to create a new class of transistors and devices called
"spintronics."
Friedman's all-carbon, spintronic switch functions as a logic gate that
relies on a basic tenet of electromagnetics: As an electric current moves
through a wire, it creates a magnetic field that wraps around the wire. In
addition, a magnetic field near a two-dimensional ribbon of carbon -- called a
graphene nanoribbon -- affects the current flowing through the ribbon. In
traditional, silicon-based computers, transistors cannot exploit this
phenomenon. Instead, they are connected to one another by wires. The output
from one transistor is connected by a wire to the input for the next
transistor, and so on in a cascading fashion.
In Friedman's spintronic circuit design, electrons moving through carbon
nanotubes -- essentially tiny wires composed of carbon -- create a magnetic
field that affects the flow of current in a nearby graphene nanoribbon,
providing cascaded logic gates that are not physically connected.
Because the communication between each of the graphene nanoribbons takes
place via an electromagnetic wave, instead of the physical movement of
electrons, Friedman expects that communication will be much faster, with the
potential for terahertz clock speeds. In addition, these carbon materials can
be made smaller than silicon-based transistors, which are nearing their size
limit due to silicon's limited material properties.
More
"What
we should grasp, however, from the lessons of European history is that, first,
there is nothing necessarily benevolent about programmes of European
integration; second, the desire to achieve grand utopian plans often poses a
grave threat to freedom; and third, European unity has been tried before, and
the outcome was far from happy."
Margaret
Thatcher
The monthly Coppock Indicators finished May
DJIA: 21,009 +157 Up. NASDAQ: 6,199 +219 Up. SP500: 2,412 +161 Up.
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