USA - Dr George Land and Beth Jarman were commissioned by NASA to help the space agency identify and develop creative talent. The two were tasked to research school children in an attempt to identify creative individuals from which the agency could pick to help with their many products. In a recent TED talk, Land described his team’s surprising findings on the education system which are nothing short of shocking.
UK - A new study from advocacy group Tax Justice Network reveals that Switzerland is the world’s most-corrupt country, with a “high secrecy score of 76.” It’s followed by the US and the Cayman Islands. “Switzerland is the grandfather of the world’s tax havens, one of the world’s largest offshore financial centers, and one of the world’s biggest secrecy jurisdictions or tax havens,” said the group’s report ‘Financial Secrecy Index — 2018 Results’.
TAIWAN - A powerful 6.4 magnitude earthquake has damaged buildings in the Taiwanese city of Hualien, media reports say. The tremor struck at 23:50 (15:50 GMT) about 20km (12 miles) off the island's east coast. Photographs posted on social media showed extensive damage to roads and high-rise buildings. Emergency services are working to free people who are trapped in a hotel that has partially collapsed, the reports say.
USA - Despite its independence, the Federal Reserve may quietly want a bear market that takes down a president that loves tweeting about the stock market. Peter Schiff, CEO of Euro Pacific Capital, told TheStreet the "[Janet] Yellen put" in the markets could expire under President Trump. "I don't know if the Fed has much love for Trump," he said, adding that the Fed had the markets' back during the Obama Administration.
USA - The Dow Jones Industrial Average fell nearly 1,600 points at its lows on Monday, after a period of selling accelerated sharply heading into the close of the session. Amplifying the slump was computer-programmed trade set to dump shares at certain levels. According to traders, the Dow DJIA, -4.60% was set to trigger trades once it fell below 25,000 and 24,000, for example, and 2,700 for the S&P 500 SPX, -4.10% The S&P 500 finished the session off 113 points, or 3.9% at 2,648, the Nasdaq Composite Index COMP, -3.78% ended down 273 points, or 3.8%, at 6.967. The Dow, meanwhile, shed as much as 1,597 points at its low, and closed out the session 1,175 points, or 4.6%, down at 24,345.
EUROPE - Michel Barnier has warned Theresa May that leaving the Customs Union will result in “unavoidable barriers to trade” as he said: “the time has come to make a choice”. Mr Barnier, the EU’s chief Brexit negotiator, is in London for talks with David Davis, the Brexit Secretary, and the Prime Minister ahead of the next round of negotiations. The Prime Minister this weekend ruled out staying in any form of Customs Union with the EU after Brexit following a revolt by senior Eurosceptics. Speaking ahead of the meeting, Mr Barnier said: "There is so much work so we have decided for this reason to accelerate all the contacts." He added that "without a customs union and outside the single market", barriers to trade in goods and services "are unavoidable".
KENYA - Kenya’s government ignored Western pressure and flouted its own judges Friday after it refused to suspend an unprecedented shutdown of independent television stations. Escalating a broader clampdown, police also arrested a second prominent opposition figure, prompting a renewal of the political violence that has claimed scores of lives since Kenyans voted in a disputed election last August.
MIDDLE EAST - Armed by Iran, Yemen's Houthi rebels now threaten one of world's busiest shipping routes, a top Israeli naval official said. “The entrenchment of Iran in Yemen and the transfer of advance weaponry to the Houthi forces in the region constitutes a threat to merchant ships making their way to the Mediterranean Sea" via the Bab al-Mandab crossing, a senior Israel Navy official said Monday, as he described the threats to the State of Israel’s economic waters. "We are dealing today with the most advanced systems being transferred to Houthis [in Yemen] and Hezbollah [in Lebanon], and this definitely constitutes a threat to Israel’s merchant ships and gas rigs."
USA - One Whole Foods employee says, “The ‘nano’ management is downright insane”. Welcome to Technocrat madness and a future vision of dystopian Technocracy for the rest of society if Big Tech isn’t stopped. ⁃ TN Editor - Whole Foods has a new inventory-management system aimed at making stores more efficient and cutting down on food waste. And employees say the retailer’s method of ensuring compliance is crushing morale.
USA - Amazon Go stores will spread throughout the continent, but shoppers had better beware that every conceivable move they make will be recorded and analyzed. This includes your mood, how long you look at an item, if you pick it up and put it back, and all other metrics of your shopping trip. Of course, they know exactly who you are because it is tied to your smart phone, and they can apply any other public data about you to your profile. TN Editor
USA - Amazon already treats low-paid employees like human robots, but this potential invention will control hand and body movements using AI. To Amazon, humans will have to do until robots reach peak intelligence and mobility and replace human workers altogether. TN Editor
MIDDLE EAST - Tensions between Israel, Hezbollah and Iran have risen sharply this week, following the discovery of an Iranian program to set up weapons factories on Lebanese soil — for the manufacture of missile guidance systems. Such guidance systems can be placed on Hezbollah’s arsenal of rockets and missiles, and turn inaccurate projectiles into precision-strike weapons, capabilities that were once reserved for the great powers.
MIDDLE EAST - Hamas officials believe there is a 95% probability that a war will break out between Israel and Hamas in the Gaza strip in the coming days according to a report published Sunday in the London-based Arabic language newspaper Al-Hayat.
GERMANY - Angela Merkel's last-chance coalition talks with Martin Schulz's SPD group are set to drag on after the agreed deadline after members reached a stalemate over healthcare issues. The two camps aim to seal a deal by the end of Sunday to renew the "grand coalition" as the German chancellor attempts to claw back power after failing to form a government in Germany’s general election. Angela Merkel's conservatives and the SPD reached agreement on energy and agriculture on Saturday, but are now in an ongoing dispute over healthcare, more than four months after the election. The EU is watching on nervously as their de facto leader struggles to regain control within her own country, long considered the economic powerhouse of Brussels.
USA - On Friday, the Dow Jones Industrial Average fell 666 points (665.75 points to be precise), and many are pointing out that this was the 6th largest single day crash that we have ever seen. This decline happened on the 33rd day of the year, and it was the worst day for the stock market by far since President Trump entered the White House.
Disclaimer:
The views expressed in this section are not our own, unless specifically stated, but are provided to highlight what may prove to be prophetically relevant material appearing in the media.