Over 170 Houston Hospital Employees Suspended Without Pay For Refusing COVID-19 Vaccine

Houston Methodist Hospital in Texas has suspended over 170 employees for two weeks without pay, after they refused to take the COVID-19 vaccine. The suspensions come after a new May policy requiring all 26,000 workers to get full courses of either the Pfizer-BioNTech, Moderna, or Johnson & Johnson vaccines by June 7 or face termination.… Continue reading Over 170 Houston Hospital Employees Suspended Without Pay For Refusing COVID-19 Vaccine

Cargo Handlers Move To Airport Suburbs To Escape O’Hare Congestion

By Eric Kulisch of Freight Waves, Ground service providers drowning in shipments delivered by airlines are responding to massive gridlock at Chicago O’Hare by permanently relocating some warehouse operations outside the property  to increase capacity in what could increasingly become a model at major U.S. airports that haven’t prioritized investment in cargo facilities. Alliance Ground… Continue reading Cargo Handlers Move To Airport Suburbs To Escape O’Hare Congestion

Watch: Rand Paul Says “Elitist” Fauci Believes Americans Too Stupid To See Through “Pseudoscience”

Authored by Steve Watson via Summit News, Senator Rand Paul blasted Dr Fauci Wednesday, labelling him “an elitist” who believes Americans are not smart enough to make their own decisions about their health. Appearing on Newsmax, Paul noted “I think it’s this — it’s one-size-fits-all and his idea that the regular people aren’t smart enough… Continue reading Watch: Rand Paul Says “Elitist” Fauci Believes Americans Too Stupid To See Through “Pseudoscience”

El Chapo’s ‘Narco Beauty Queen’ Wife Pleads Guilty To Helping Run Drug Empire

Drug kingpin Joaquin “El Chapo” Guzman’s wife has pleaded guilty for her role in helping her husband run his multi-billion dollar empire in a Washington federal court on Thursday.  32-year-old Emma Coronel Aispuro married El Chapo in 2007 and since then is believed to have “aided and abetted” the Sinaloa cartel in importing over 500,000 kilograms of… Continue reading El Chapo’s ‘Narco Beauty Queen’ Wife Pleads Guilty To Helping Run Drug Empire

Banks Are So Stuffed With Cash They Tell Companies: No More Deposits

Authored by Mike Shedlock via MishTalk.com, Banks are so overloaded with cash they are losing money on deposits… No More Cash Please  Some banks, awash in deposits, are encouraging corporate clients to spend the cash on their businesses or move it elsewhere. It’s a strange case of “No More Cash Please“. U.S. companies are holding… Continue reading Banks Are So Stuffed With Cash They Tell Companies: No More Deposits

Household Net Worth Hits Record $137 Trillion, Up $25.6 Trillion Since COVID

Another quarter, another record high in (mostly 0.01%er) household net worth. The Fed’s latest Flow of Funds report released at noon today showed the latest snapshot of the US “household” sector as of March 31 2021, which confirmed that one year after the biggest drop in household net worth on record when $8 trillion was… Continue reading Household Net Worth Hits Record $137 Trillion, Up $25.6 Trillion Since COVID

$1.2 Trillion Manchin-Backed Infrastructure Plan Reached By Bipartisan Group Of Senators

Update (1900ET): The bipartisan group has agreed to pitch a $1.2 trillion eight-year infrastructure spending package to the Biden administration, according to Bloomberg, citing an anonymous source familiar with the deliberations. The proposal is notably backed by Sen. Joe Manchin (D-WV), and calls for $579 billion in net new spending “beyond outlays that Congress was… Continue reading $1.2 Trillion Manchin-Backed Infrastructure Plan Reached By Bipartisan Group Of Senators

Melvin Capital Among Hedge Funds Losing $6 Billion On Latest Meme Squeeze

“Fool me once, shame on… shame on you. Fool me… you can’t get fooled again,” were the infamous words of former President Bush and we suspect that Steve Cohen protégé Gabe Plotkin is reflecting on those stoic words as he looks back at his fund’s performance in May. Plotkin’s Melvin Capital – infamously blown-up by… Continue reading Melvin Capital Among Hedge Funds Losing $6 Billion On Latest Meme Squeeze

Bonds & Bullion Bid As Meme-Stocks Are Monkey-Hammer’d

Today’s big upside inflation surprise piles on the stagflationary evidence as production expectations remain too optimistic… Source: Bloomberg The flip-flopping continues with Small Caps down today and Big-Tech up. The Dow ended unch and S&P modestly higher to a new record close… The ratio remains rangebound… The original so-called “Meme Stocks” were monkeyhammered today, biggest… Continue reading Bonds & Bullion Bid As Meme-Stocks Are Monkey-Hammer’d