More on “Release of US Republican tax bill delayed until Thursday”

Not much more …. earlier headline here:
Release of US Republican tax bill delayed until Thursday
NBC now reporting it also:NBC citing:and 

A tiny little bit of USD weakness following the headlines. EUR/USD up a few points but there isn’t muc…

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Israel’s New “Soros Bill” Aims To Stop Funds From ‘Anti-Semitic’ Donors

Having made no friends this week with his McCarthyite ‘blacklist’ of potential Russia-sympathizers, and facing bans and probes throughout eastern Europe (for his ‘Open Society’ actions), bilionaire investor George Soros has a new enemy – Isarel!

As Haaretz’ Jonathan Lis reports, MK Miki Zohar (Likud) announced on Monday that he planned to submit a bill that would make it harder for leftist organizations to receive funding from organizations considered hostile to Israel.

He said the bill, named for mogul George Soros, won the approval of Prime Minister Benjamin Netanyahu (but, associates of Netanyahu couldn’t say on Monday whether the prime minister would support the proposed law in the Knesset).

 

Its exact wording has yet to be disclosed.

 

Zohar said the bill would prevent “donors who are anti-Semites, inciters or hostile to Israel” from donating to Israeli organizations.

 

Zohar said he was aiming at donors like Soros who donate to organizations like Adalah – the Legal Center for Arab Minority Rights in Israel, B’tselem, Breaking the Silence, Ir Amim, Machsom Watch, Yesh Din and the New Israel Fund, which he said were all anti-Zionist.

 

He said such donors should be considered anti-Semitic, inflammatory and hostile, and donations from them to non-profits or Israeli corporations should be forbidden.

 

According to the bill, the Strategic Affairs Ministry will compile and periodically update a list of bodies and organizations that are hostile to Israel or are defined as anti-Semitic.

The actions of Hungarian Prime Minister Orban and now the Israeli government appear to be escalating since Soros donated $18 billion his ‘Open Society’ Foundation.

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Release of US Republican tax bill delayed until Thursday

Reuters citing Axios website
Not a lot more detail at this stage:
– Axios citing “”

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Yale Students Love The Idea Of Outlawing Halloween

Authored by Cabot Philips via CampusReform.org,
This year at Campus Reform, we’ve reported extensively how college students around the country have increasingly taken offense to Halloween celebrations, often accusing various costumes of being off…

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Vistra Energy CEO: Even with Dynegy, we’ll have the lowest debt-to-earnings ratio in the industry

Jim Cramer and Vistra Energy CEO Curt Morgan discussed how Vistra’s purchase of Dynegy could energize the power player.

crude oil

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Australia data – CoreLogic October home prices flat/slowed

Data was due at 0000 GMT – got it a little early
– Headline is flat at 0.0%, prior +0.3% m/m
Sydney:
– -0.5% m/m
– +7% y/y
Melbourne:
– +0.5% m/m
– +11% y/y
Darwin down

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As Under Armour Collapses, CEO Builds Elitist Hotel & Whiskey Distillery

Earlier, we reported on Under Armour’s epic stock collapse down over -75% from its September 2015 highs. This is one stock Central Bankers forgot to buy. Today’s stock crash -15% is being felt across Baltimore once again, city streets are e…

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Venezuela’s Grim Reaper: A Current Inflation Measurement – Current Annual Rate 2875%

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation. 

As the bolivar collapsed and inflation accelerated, the Banco Central de Venezuela (BCV) became an unreliable source of inflation data. Indeed, from December 2014 until January 2016, the BCV did not report inflation statistics. Then, the BCV pulled a rabbit out of its hat in January 2016 and reported a phony annual inflation rate for the third quarter of 2015. So, the last official inflation data reported by the BCV is almost two years old. To remedy this problem, the Johns Hopkins – Cato Institute Troubled Currencies Project, which I direct, began to measure Venezuela’s inflation in 2013. 

The most important price in an economy is the exchange rate between the local currency and the world’s reserve currency — the U.S. dollar. As long as there is an active black market (read: free market) for currency and the black market data are available, changes in the black market exchange rate can be reliably transformed into accurate estimates of countrywide inflation rates. The economic principle of Purchasing Power Parity (PPP) allows for this transformation.

I compute the implied annual inflation rate on a daily basis by using PPP to translate changes in the VEF/USD exchange rate into an annual inflation rate. The chart below shows the course of that annual rate, which last peaked at 3473% (yr/yr) in late October 2017. At present, Venezuela’s annual inflation rate is 2875%, the highest in the world (see the chart below).

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“It’s Not Sustainable” – Sacramento Lashes Out At Calpers After Raising Pension Payments

In the latest sign that America’s looming pension crisis is inching closer to an all-our collapse that will inevitably end in a series of bailouts – or worse, the failure to pay out retiree’s coveted benefits – a handful of California…

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