Losses have continued on US stock markets this week in their worst performance since October 2008. The Dow Jones ended down 12.4% in a week that included Thursday's all time high single day point drop of 1191. The S&P 500 ended the week down 11.5% losing 3.2 trillion USD in market cap. The Nasdaq became 10.5% smaller this week.
US stock prices took a hit today with the three major indexes all falling more than three percent (archived). The Dow Jones Industrial Average had shown some small gains for the year until markets opened today. The day's 3.56 percent drop takes its performance down to -2.2 percent for 2020. Mainstream reports are crediting coronavirus panic for the loss, but US stock prices have been climbing rapidly the past few months as the Federal Reserve undertook a quiet campaign of "Quantitive Easing", buying questionable debts and printing new dollars.
With the US House of Representatives set to vote on impeachment today, democratically elected US President Donald Trump wrote a letter to Pantsuitist House leader Nancy Pelosi expressing grave concern over the hallucinatory loop that her and her fellow Pantsuits seem to be trapped inside. Being analogous to an indictment, the impeachment on its own has no effect without being followed by a conviction supported by a 2/3 supermajority of the Senate. Noise out of the Senate suggests that the impeachment will either be dismissed shortly after opening arguments or the trial will be used to enter substantial amounts of Pantsuit dirty landry into the public record. The Senate is not composed in a way which would allow for a conviction vote to pass. Full text of the letter is below: Continue reading
The "popular" node.js "event-stream" library was loaded with a module stealing from Bitpay's Copay Bitcoin wallet after creator and longtime maintainer Dominic Tarr handed maintenance over to an unknown identifying itself with the text string "right9ctrl" (archived). Before the handover right9ctrl made a couple of contributions to event-stream building rapport with Tarr. After getting the keys to the repository right9ctrl added a dependency in event-stream on a new "flatmap-stream" library which had been distributed in an encrypted form, which should itself have been a warning if anyone had been bothering to read code they run. Instead it took two months for supicions to emerge.
Bitpay's Copay wallet used the even-stream library, and Bitpay was not involved in raising the alarm over this grave subversion of their product.
Israel has begun evacuating members of the anti-Assad "White Helmets" organization from Syria to Jordan for further evacuation to Britain, Canada, and Germany (archived). Self described as "observers" members of the White Helmets have been conspicuously and conveniently situated for each of the alleged chemical weapons incidents during the proxy war in Syria.
Connor McGregor, the failed millenial boxer who was beaten by a 41 year old retiree last year, attacked a bus at a media event for a martial arts competition this weekend. Two matches scheduled for the competition have been cancelled after combat athletes were injured by broken glass.
Nearly four years after its disposal, RIPple Labs continues being encumbered in litgation. In its fight with R3 Holdco, prominent provider of sinecures for stooges, RIPple Labs lost the contest over which court has jurisdiction (archived).
Three men armed with rifles robbed the cashier's cage at the Casino Queen in East Saint Louis, Illinois early Sunday morning1 while civil disorder continues on the other side of the river in Saint Louis, Missouri. One unarmed casino guard was shot, no patrons were injured, and no suspects have been arrested.
The casino is set to re-open at 8 am local time Monday.
The Illinois State Police report ~2:50 am local time ↩
Weimar leader Angela Merkel is doubling down on zher growing role as the public leader of the International Pantsuit Party's establishment1 while campaigning for re-election as chancellor of the Weimar Republic, by suggesting Europe can no longer depend on America… And by America zhe means Britain… And Poland… And Hungary… And much of the French Population… And any other Europeans who are insufficiently Weimar to be European.
Zher comments on the future of Weimar trailed NATO and G7 meetings where United States President Donald Trump embarrassed the Weimar Europeans for balking on their NATO dues and trying to push for stricter "environmental" rules2 while the de facto German state owned firm Volkswagen faked exhaust emissions with lying software initially sold as engineering "innovation". The Krauts go to the polls this September.
Grant county, Kentucky – home of Ken Ham's Ark replica – is praying for a torrent of revenue after the Christian themed exhibit has failed to provide a significant amount of money into the town despite an $18 million US dollar tax break. County Judge-Executive Steve Wood said “It’s been a great thing but it’s not brought us any money". A Great Flood of debt is now threatening to sink the town, as the County is on the brink of bankruptcy and is slated to propose job cuts and a 2% payroll cut for all employees. The controversial theme park was funded using $62 million US dollars in Tax Increment Financing granted to the organization by the City of Williamstown.