Polish President Andrzej Duda to veto judicial reforms
#ICYMI: Here are todays Daily #Trump Approval Numbers...
A charter bus that has pods where you can sleep or get claustrophobic
Mark Zuckerberg might want to go on a listening tour in his own cafeterias
Germany Recreation Index for July: 108.4, previous: 108.4 (change: 0%) #WPI
If you could dig a hole through the Earth, heres where youd pop out:
Jimmy Carter: U.S. will eventually have single-payer healthcare
Trump makes last-ditch plea to Republicans to roll back Obamacare
Stock Buybacks: “Staggering Waste of Company Cash”
Alex J. Pollock: Insights From The Recent Congressional Hearing On The Fed
This obscure chapter of Nafta could be a deal-breaker for Canada, again
Theyre putting gold, silver, and even coffee in clothes to beat your B.O. My @PopMech story
Trumps proposed ban on Venezuelan oil to boost beleaguered Canadian heavy oil producers
ROC Association Director election ballots in the mail! #cooperatives
Financial Conditions are getting easier and easier
$GOOGL FCF nobbled a bit by events but capex edged up. My FCF-driven buy price continues to US$875
$GOOGL: 21% revenue growth over the past year, 5th consecutive quarter above 20%.
Scan and print anything from your phone
Alphabet appoints Google CEO Pichai to board
Philippine President Duterte wins a significant majority to extend martial law in the south
Facebook has acquired a content rights startup called Source3 to help fight video pirates
Its a Miracle I Can Walk Again - Grace Mugabe: #Zimbabwe
Racial discrimination, police brutality and economic dislocation. The 1967 Detroit riots
HIV/AIDS: Fewer deaths, but infections still rising
How does your state pay for roads?
The Three Best Stocks in Fintech @themotleyfool #stocks $MA, $PYPL, $SQ
Subs: Resource stocks are for traders, not investors
Merck, Samsung Bioepis launch discounted U.S. Remicade alternative
Hot diggity damn, I won a @PopSci pin! Looks awesome guys.
Oh hell yeah! I scored one of those dope @PopSci limited edition pins
Japan counts down to the Tokyo 2020 Olympic Games
Trucker Charged in 10 Deaths in Migrant-Smuggling Case #SanAntonio
#CharlieGards parents give up legal battle on childs treatment
[post] Time spent watching the stock market is time wasted.
Suicide Bombers Strike Nigerian Displacement Camps #Nigeria
Polands president stopped a right-wing takeover of the court system
Trump making grave mistake attacking Muellers motives
Afghanistan: Taliban Suicide Bomb Attack Kills 35 in Kabul
Watson is junk: Waterloos OpenText hops on the AI bandwagon with Magellan via @fptechdesk
Fly from Africa to Europe for just $25? Ryanair is offering an epic flash fare sale
It will never get old. I am humbled and blessed to be here. @POTUS
Giuliani breaks with Trump: Sessions was right to recuse himself from Russia probe
Want to increase your creativity? Hit the gym! →
Trumps favored adjective for the GOP health plan remains great. @KevinQ @emilymbadger
France ready to negotiate with Google on back taxes: minister
A new app in Pittsburgh works like a citizen’s arrest for foul odors
Alphabet earnings beat estimates
Trump Demands Republican Senators Vote to Repeal “Nightmare” Obamacare
Trump’s Deportation Plans Are So Bad That an ICE Agent Just Leaked to The New Yorker
What Europes disunion, and the rise of populism, means for democracy:
Machu Picchu was rediscovered on July 24, 1911 by Hiram Bingham, an American historian.
Chipotles price to sales ratio is now less than half of McDonalds. $CMG $MCD
Federal Tax Collections
i asked for Yellowstone hot spring accident reports. i got feet pics
Trump warns GOP senators one day before vote: You must keep your promise to repeal ObamaCare
Alphabet profit slumps on record $2.7 billion EU fine:
Dick Morris and his twenty-year-old headshot are down for replacing Sessions with Rudy.
LIVE: Join @nicoleusinclair tomorrow for the State of the Labor #MarketSummit 2017 -
Dr. David Gordon gives a guided intellectual tour of the institutes bookstore #MisesU #MU2017 @thebishoppub @mises
The UN’s New Urban Agenda Is Official...Now What? #habitatiii #un
Texas will stop jailing the poor for unpaid court fines, @mauraewing reports:
LIVE: How the #markets settled -
How do the Kenyan elections work?
Trump angrily rants that ‘Obamacare is death’ – and it backfires hilariously
Congressmen seek revenge against the CBO for making Trumpcare look bad
Why so many Singaporeans see bike sharing as a menace
LIVE: @MylesUdland tells us whats ahead for this week -
Mexico’s Economic Growth Momentum Continues in July. #SMI
GOP amendment would cut dozens of employees from CBO staff amid attacks on the office
1 killed, 6 wounded in shooting in Dnipro city via @ukrpravda_news
Philippines: Duterte ally pushes for same-sex unions, divorce
LIVE: $GOOG #earnings are a bigger drop than analysts were expecting, cost per click down -
Seeing a Roger Garrison PowerPoint in person any other earthly experience. Almost spiritual... #MisesU
Time for the worlds dankest PowerPoints! #MisesU
The highlight of #MisesU: Roger Garrisons Dank PowerPoints
The great Roger Garrison teaches Austrian Capital Theory at #MisesU. Watch
We have to prime the pump. Have you heard that expression used before?
Todays #stocks losers: $HIBB $SAM $HAS -
Todays #stocks winners: $SGMS $XRX $WBMD -
On world affairs, most G20 countries more confident in Merkel than Trump
Googles algorithmic photographers are almost as good as the real deal
Schumer: Trump used working people to get elected, then abandoned them
Investors Shy Away From T-Bill Auction With Debt Ceiling Looming via @markets
The IMF just downgraded the Trump economy
Nasdaq 100 was up for the 12th day in a row on news that Michael Phelps lost a race to a computer-generated shark.
LIVE: #BreakingNews, $GOOG down after hours -
Brazil Petrol Price Index for July: 126, previous: 128.9 (change: -2.3%) #WPI
A Curb Your Enthusiasm for millennials, by @anna_m_diamond
Tillerson thinking about resigning soon: report
LIVE: #PhelpsVsShark - Did you think it was really going to be shark? -
As of today, still roughly 20% of all outstanding DM bonds come with a negative #yield!
Fact-check.
In actual heaven in the Massey Library! #MisesU2017 w/@16heintel
Can breast implants stop a speeding bullet?
Alphabet appoints Google CEO Pichai to board
The best of #Vancouver, #Canada for free @johnleewriter#budget #travel
Mortgage interest tax break has no effect on homeownership, study finds
Another record close for the Nasdaq
LIVE: National #healthcrisis stemming from #opioidcrisis -
Opinion: Merkel challenger @MartinSchulz too desperate, too soon #GermanyDecides
New York gets back to work (but we can talk about the subway problems later): @foxjust
LIVE: Drugmakers targeted in #opioidcrisis -
Australia breaks pledge to resettle ‘vulnerable refugees’ with close links to country: UN
LIVE: $APRN pops on upgrades, @MylesUdland offers insight -
24 July 1913, Lamas and another man near the yellow palace, Urga, Mongolia.
You down with REIT? Invest in properties.
Congress’ biggest climate denier visited the Arctic. What happened next will disappoint you.
NEW POLL: Just 27 percent think Trump will definitely serve a full 4-year term
LIVE: #ClosingBell @NYSE -
Spotify, Warner hope to strike a deal by September
Kushner says I did not collude after Hill testimony
LIVE: Heres why #WallStreet cannot save Blue $APRN -
Why talking about race on #TheBachelorette is so important: @VernaMyers
How many deaths does a natural disaster” have to inflict to get US media attention? @SoberLook @worldindata
US dollar edges up from 13-month low, aided by solid US data via @Reuters
The end is nigh for Microsoft Paint
Daily Exchange: # Dollar Closes at 18.07 Pesos #Currency
Can the ICC investigate migrant-related crimes in #Libya with no presence on the ground?
You might be able to outrun a T. rex, but only in a sprint
Jaggu bra det ble krav om båtsertifikat. Altfor unge folk som råner rundt disse dager.
U.S. home sales stumble as prices hit record high
WATCH LIVE: #Stocks rangebound ahead of big #earnings -
Donald Trump: Senate Republicans have not done their job on Obamacare
Casino...
Deuces Wild!
Is the U.K. playing favorites with its new trains?
COMING UP: Watch @nicoleusinclair @serwer @MylesUdland @SeanaNSmith on The Final Round! -
Howard Dean: Trump needs psychiatric help
MCD Earnings
Putin told Trump that Russian hackers were too good to get caught: report
Theres growing consensus for a transitional Brexit period, Trade Secretary Liam Fox says
When your emergency room is in your network, but your ER doctor isnt.
Turkey drops terrorism claims against German firms, says it was a communication problem
Beautiful photographs of the oldest plants on Earth:
Peak Stuff
All you need to know about The Mooch is that Russian state media loves him.
2017 for the archives
Hmm, this, on Democratic Party politics in the 1990s, sounds familiar…
Watch this huge RC plane meet an unfortunate end
Trump voter fraud commission member Ken Blackwell is sharing pieces from fake news websites
Instant chyron fact-check
Heres a rough FAANG indexs performance vs $SPX (Red) and Nasdaq 100 (Orange) for 2017 in honor of Google earnings
Fugazi.
How do you know when a DNA test Is B.S.? @sarahzhang investigates
Should Americans take a more European attitude towards adultery? From the @1843mag archive
Dem lawmaker proposes stripping funding for Jared Kushners office
Trump envoy visits Israel as Temple Mount violence escalates
.@juliaioffe on what Jared Kushners statement reveals about Russian methods
Magic Spot: Waterpark Hostel in Cambodia
President Trump calls Obamacare a big, fat, ugly lie.
Tell me more about the Reptilian conspiracy theory?
Latest Westminster voting intention (18-19 Jul) CON 41% LAB 43% LD 6% OTH 9%
Chinese food delivery app that offers new ‘halal’ option, is attacked online
Why sparkling water sales could spike by 20% in 2017 @BrookeDiPalma1
Trump tells female reporter to be quiet, berates journalists during intern photo op
Sketch of NYC skyline drawn by President Trump up for auction with minimum bid of $9,000
Why Ukrainian forces gave up Crimea almost without a fight:
BREAKING
WATCH: Protester asks Kushner to sign a Russian flag
Why Roomba vacuums future may lie more in collecting data than dirt: via @JanNWolfe
Ok Diario: Yoko Ono broke the Beatles up and now she supports breaking up Spain with Puigdemont.
Paradise lost: Doñana wetlands going dry
BREAKING: Start Your Hedging: LedgerX to Begin Trading Cryptocurrency Derivatives
:taps mic: KRILLEX
These four scientific discoveries underpin our knowledge of absolutely everything:
Georgian Women March against Misogyny and Racism
Republican congressman shamelessly politicizes Steve Scalise shooting
Democrats should stop thinking of a jobs guarantee as a radical proposal.
This app connects veterans in crisis with other veterans who are willing to talk:
GOP House Science Committee chairman: The benefits of a changing climate are often ignored
Blue Apron shares surge on Wall Streets upbeat outlook: @SaqibReports @angelamoon00
BREAKING: Justin Bieber cancels remainder of his Purpose world tour due to unforeseen circumstances - publicist
PODCAST: Why U.S. tax reform is likely doomed, too: @breakingviews #Viewsroom
The White Houses hypocritical attack on Robert Muellers team
Brazil Petrol Price Index for July: 126, previous: 128.9 (change: -2.3%) #WPI
Could migration derail Merkel re-election express? #GermanyDecides
Whats the difference between burnout and exhaustion? From the @1843mag archive
China tells India to cease provocations in border dispute
10 architects you need to follow on Instagram:
The secret of this number sequence is hidden in plain sight
The great surge in CEO:worker inequality came in 1990s
Oil rises 1% after Saudi vows to cap crude exports next month via @Reuters
Paleontologists finally know what this ancient armored reptile looked like
EPA chief spent almost half of spring in home state of Oklahoma
Is Pope Francis a real reformer? via @AJUpFront
24 July 1704 - English Dutch troops occupy Gibraltar.
Saudi Arabia’s drive to reduce the economy’s reliance on oil has hit a snag
Obamacare is hurting these people—and Congress is doing nothing about it @rickjnewman
Organic ranchers eye #Amazon distribution ahead of Whole Foods deal: via @ReutersWinnipeg
Giuliani breaks with Trump: Sessions was right to recuse himself from Russia probe
Jason Karp – Tourbillion Capital Partners – long on SunOpta On Millenials
Didnt they just make this movie not that long ago? And already a remake?
Democrats unveil new economic platform
al-Aqsa crisis must be resolved by Friday, says @UNs Middle East envoy
#TeslaTaxIncentives: When Will The Federal Credit Start To Wind Down? $
Trumps toady at Breitbart attacks Jake Tapper, and that should worry everyone
#SouthAfrica Moves Ahead on Domestic Trade in #Rhino Horn #RhinoPoaching
#Golf: Season’s second #LPGA victory for South Korean Kim In-kyung
$DRYS today LOL
Mongolian Headline Sales Managers’ Index Reflects Solid Economic Growth. #SMI
Pardon My Ugliness, Murderer Begs Judge: #Zimbabwe
Boston city government has a racial pay disparity problem
Jimmy Carter: U.S. will eventually have single-payer healthcare
Brazil Food Price Index for July: 150.5, previous: 151.5 (change: -0.7%) #WPI
Just published: front page of the Financial Times international edition Tuesday July 25
.@CFPB #RipoffClause rule ensures consumers can challenge @WellsFargo fraud in court. #RulesAtRisk
Just published: front page of the Financial Times UK edition Tuesday July 25
Freedom Caucus chairman: Well fund border wall without needing a government shutdown
.@juliaioffe on what Jared Kushners statement reveals about Russian methods:
Economic reasons bring them to the shores of Europe
Palestinian protesters and Israeli security forces clash in West Bank
.@ProfEngelhardt using Runescape and Star Trek to teach economics at #MisesU.
Analysts cut Chipotle stock target, question menu price hikes
Heres what you need to know about the Tesla Model 3
Little comrade Jose. Right on! ✊
Al Jazeera explains why the holy site of al-Aqsa Mosque is a flashpoint
“U.S. college tuition is growing at the slowest pace in decades” - from @wsj
Students With Disabilities Are the Overlooked Victims of GOP Health Care Repeal
Trump considers replacing Sessions with Giuliani for attorney general: report
Here’s how rich Americans keep the good stuff for themselves:
This hack draws memes for you in Splatoon 2
Nice one, comrade Jose.
Another classic set of Belltown commercial buildings coming down. Tower or parking lot?
Top Judiciary Dem: Sessions must testify about what he discussed with Russian ambassador
Barclays oil sale triggers a huge number of trades in exotic options
Immigrants strive for US passports out of fear of future
Fed Model Shows Tightening Bias and Risks {Analysis on Terminal: }
Democrats take aim at big companies in economic blueprint
This $8 disposable grill Is made of cardboard
NASA sees Tropical Storm #Irwin shaping up in the Pacific.
In the 1970s, NASA envisioned life after Earth in these floating space colonies by 2060
Al-Aqsa crisis must be resolved by Friday, warns UNs Middle East envoy
310 groups agree: @CFPB #RipoffClause rule restores consumer rights! #RulesAtRisk
SoundCloud must think @Debtwire is a hot new rapper #muniland
Linkin Park posts tribute to Chester Bennington: Our hearts are broken
Those Stay back signs on trucks are legally meaningless
JUST IN: Giuliani: Not true that Trump considering me to replace Sessions
200+ posters from the Golden Age of graphic design are now free to download
Suddenly, big investors are betting this loonie rally has legs #business
City Resiliency in our Lifetime
Just my luck. Had my pelican cleaned yesterday, and today its pouring rain.
big day for WSJ stipples
Dr. Engelhart giving a delightful speech about Money (and his tomato plants) #MisesU
Scarborough: Trump sounds beleaguered and frightened because justice must be closing in
Is Someone Getting Crafty in Michaels (MIK) Options?
Two Chinese jets intercept a U.S. Navy surveillance plane: U.S. officials. More here:
PODCAST: Why renegotiating NAFTA will hurt the U.S.: #Viewsroom
The IMF just downgraded the Trump economy


Mike Shedlock

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. He operates the blog MISH'S Global Economic Trend Analysis and believes in the Austrian School of economics.


The Way Chicago “Works”: Graft, Corruption, Political Connections, Bribes, Unions

9 days ago




Those who wish to understand how things work in Chicago need read a single article that ties everything together: Teamsters boss indicted on charges of extorting $100,000 from a local business.

A politically connected Teamsters union boss was indicted Wednesday on federal charges alleging he extorted $100,000 in cash from a local business.

John Coli Sr., considered one the union’s most powerful figures nationally, was charged with threatening work stoppages and other labor unrest unless he was given cash payoffs of $25,000 every three months by the undisclosed business.

The alleged extortion occurred when Coli was president of Teamsters Joint Council 25, a labor organization that represents more than 100,000 workers in the Chicago area and northwest Indiana.

Coli, 57, an early backer of Mayor Rahm Emanuel, was charged with one count of attempted extortion and five counts of demanding and accepting prohibited payment as a union official.

Coli could not be reached for comment, but a statement posted Wednesday on the Teamsters Local 727 website announced he planned to retire at the end of the month after 46 years in the union.

In the statement, Coli said he had decided it was time “to begin a new chapter” and that he wanted to spend more time with his family.

The Coli family has been active in politics for years and is well-known for spreading around union cash to various candidates. Coli and his relatives have also been accused in civil lawsuits in both state and federal court of running the union like a racket — accusations they have vehemently denied.

In a 2011 deposition stemming from one suit, Coli was asked under oath why so many of his relatives were allowed to control the union’s lucrative pension funds. “For the record, go f— yourself,” Coli answered, according to a transcript in court records.

“So I take it you’re refusing to answer that question?” the plaintiff’s attorney asked. “I think the answer speaks for itself,” the transcript quoted Coli as saying.

Coli backed Emanuel in his first run for mayor at a time when Emanuel, viewed as a centrist Democrat, had very little union backing.

The Teamsters contributed $35,000 to Emanuel’s 2011 campaign, including $15,000 for polling. The union stepped up even more to back the mayor’s bid for a second term, contributing $134,700, state campaign finance records show.

Once Emanuel was elected, a representative from the union was appointed to the mayoral transition team, and Coli was named to the exclusive group of campaign donors and community leaders in charge of planning the mayor’s first inaugural.

Two months after Emanuel first took office, the Chicago Tribune detailed how the newly elected mayor had demanded greater accountability and financial sacrifice from Chicago’s labor unions — except for the Teamsters.

In 2003, then-Gov. Rod Blagojevich appointed Coli to the Illinois Tollway board, only to have Coli quickly withdraw his name amid questions about $100,000 in Teamsters campaign contributions to Blagojevich and potential conflicts of interest.

Within a few months, Blagojevich quietly named Coli to two other state boards with less direct impact on Teamsters affairs, the Tribune reported.

In 2005, the Tribune reported the FBI was investigating whether the Coli-led Teamsters siphoned hundreds of thousands of dollars from a union benefit plan that provided dental care to Chicago-area undertakers and valets. That probe had been sparked by an internal union report raising concerns about payments from the plan going to organized crime figures.

No charges were ever filed.

Illinois Governors in Prison

Former governor Rod Blagojevich is now in prison for a 14-year sentence. He was found guilty of 18 counts of corruption, including attempting to sell or trade an appointment to a vacant seat in the U.S. Senate. He faces another eight years in prison after an appeals court upheld the sentence in April of this year.

He was found guilty of 18 counts of corruption, including attempting to sell or trade an appointment to a vacant seat in the U.S. Senate. He faces another eight years in prison after an appeals court upheld the sentence in April of this year.

He faces another eight years in prison after an appeals court upheld the sentence in April of this year.

No other state can match this claim: 4 OUT OF PREVIOUS 7 ILLINOIS GOVERNORS WENT TO PRISON

The way Chicago “works” is the same way Illinois “works”. Corrupt politicians get in bed with corrupt union leaders and screw the taxpayers and businesses as much as they can.

Sometimes they get caught.

Teamster boss Coli just got caught after all these years of extortion. His deals with Mayor Emanuel screwed Chicago taxpayers. Emanuel promised reforms and transparency but reforms and transparency stop once campaign donations are sufficient enough.

Coli said he is retiring to spend more time with “family”. Unless he gets off the hooks, that family must mean his mafia brothers and sisters in prison.

The City That Works

Chicago is nicknamed the “City that Works“.

I was wondering how it got that name. It took some doing, not by me but rather by the Straight Dope for the answer.

The April 5, 1971 issue of Newsweek featured Richard J. Daley on the cover, and inside, spread across two pages, a photo of Daley and his entourage marching eleven abreast on St. Patrick’s Day. Admittedly the headline below this read, “Chicago’s Daley: How to Run a City.” Adjacent to the headline, immediately beneath the photo, the text of the article read as follows:

This is not to suggest, reports Newsweek correspondent Frank Maier, that Daley’s Chicago enraptures every resident or inspires every visitor to leave his heart behind. But it is a demonstrable fact that Chicago is that most wondrous of exceptions — a major American city that actually works.”

The last bit was repeated in an editor’s note at the front of the magazine. Beyond a doubt this article was the vehicle by which “the city that [actually] works” entered common currency. The phrase began turning up in Chicago newspapers by 1972, first appeared in the Washington Post in 1974 and in the New York Times in 1975, and figured in the lead of obituaries nationwide following Daley’s death in 1976.

If by some chance you previously did not know how Chicago and the entire state “works”, now you do.

Mike “Mish” Shedlock