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Trump Suggested Using Nukes To Stop Hurricanes From Hitting The US: Report

When it comes to unconventional proposal to control the weather, NBC News probably holds the prize with this gem, which we discussed back in January: “A last-ditch global warming fix? A man-made ‘volcanic’ eruption” to cool the planet. Scientists and some environmentalists believe nations might have to mimic volcanic gases as a last-ditch effort to protect Earth from extreme warming.” Another just as ridiculous proposal to “control” atmospheric events emerged during the Eisenhower era, when a government scientist proposed detonating a nuclear bomb over the eye of a hurricane to counteract convection currents. Why do we bring it up? Because according to an Axios report late on Sunday (which if capital markets weren’t collapsing and China wasn’t on the edge of invading Hong Kong would have been the top watercooler discussing point tomorrow, but as it stands will hardly make the top 10 most shocking weekend developments) President Trump “suggested multiple times to senior Homeland Security and national security officials that they explore using nuclear bombs to stop hurricanes from hitting the United States.” Is Axios just making stuff up to paint Trump in a crazy light? Perhaps: the publication cotes “sources who have heard the president’s private remarks and been briefed on a National Security Council memorandum that recorded those comments”, so yes, the left-leaning outlet may have simply brought us another example of “fake news.” On the...

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US Army Tries To Calm Residents About Upcoming Wave Of Military Drills In North Carolina

Authored by Nicholas West via, Nothing calms the public quite like gunfire in heavily populated areas. Nevertheless, the U.S. Army has plans to do just that starting August 30th and continuing to September 12th in 21 select counties in North Carolina. While exact locations are not being released, according to The Charlotte Observer residents in the following counties should not be alarmed by gunfire, flares and helicopter activity that might be witnessed, as seen in the video below: The 21 counties include Alamance, Anson, Cabarrus, Chatham, Cumberland, Davidson, Davie, Guilford, Harnett, Hoke, Lee, Montgomery, Moore, Randolph, Richmond, Robeson, Rowan, Scotland, Stanly, Union and Wake counties, officials said. Efforts to calm the public ahead of time come after some past tragic incidents where at least one soldier died and mass panic ensued after a similar exercise was thought to be a real event. This latest group of drills is part of “Robin Sage” which is a series of ongoing training exercises conducted out of the Fort Bragg military base.  According to The Charlotte Observer, this year’s emphasis is being placed on unconventional warfare where “students will match wits with more seasoned soldiers, who will ‘act as realistic opposing forces and guerrilla freedom fighters,’officials said in a release.” It’s not clear in the Observer‘s report if this series of drills has anything to do with a larger U.S. Army mission of preparing for close-combat warfare...

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“We Are Not Mid-Cycle, Or Even Late Cycle, But Rather End Of Cycle”

As Morgan Stanley’s bearish US equity strategist, Michael Wilson writes, at this point, the argument  between bulls and bears really comes down to one question–are we mid cycle or not, a question which Jerome Powell answered three weeks ago in a way that was not satisfactory to the market? As Wilson notes, 4 months ago, the bulls were arguing that the Fed’s dovish pivot was all we needed because the underlying US economy was in very good shape, with some still suggesting the Fed could raise rates again later this year. When the global economy showed signs of weakness in April and May, the bullish narrative changed to Fed cuts offsetting concerns about trade tensions and spillover to the US economy and markets. There was little mention of any endogenous risk to the US economy at the time and so it was couched as an “insurance cut.” This led many to call for a meltup, and for a few weeks that call seemed correct, however that’s when the trade war with China escalated sharply, just as many had expected would happen. Which brings us to today: with the Fed having cut 25bps last month and ending QT 2 months earlier than planned, the bulls are saying the Fed did not do enough and they are now behind the curve. They suggest that the Fed will quickly catch up and...

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The Hidden Costs Behind Every Government Program

Authored by Gor Mkrtchian via The Mises Institute, When the state constructs a new bike lane, school, or begins a new space mission, the natural inclination of the majority is to cheer this new endeavor as progressive. We possess one new structure or have accomplished one new task than before; society has moved forward, the thinking goes. The state is responsible for truly technically impressive or beautiful accomplishments like the Apollo missions, the Moscow Metro, the Palace of Versailles, etc. that most would agree clearly produce benefits for society. Confronted with these concrete and widely celebrated examples of government accomplishments, how can libertarians deny that state action is sometimes a benevolent force in society? Opportunity Cost Leaving aside moral considerations and focusing on utilitarian considerations, the answer revolves around opportunity cost and demonstrated preference. Opportunity cost is the benefits that could have been obtained through the best forgone alternative to an actual employment of resources. If a slice of pizza costs two dollars, and a hamburger costs two dollars, then the opportunity cost of a slice of pizza is a hamburger, and visa-versa. The resources of any given country are scarce, and the “economic question” that must be solved is, how should the limited resources available be applied to best satisfy people’s subjective preferences? Even if, for example, the state builds a library that is beautiful, the books are...

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Appeals Judge Found Shot Dead In Wooded Area Behind Home

A Georgia appeals judge was found shot dead on Saturday in a wooded area behind his Albany home, however officials do not believe it was a homicide, according to the Associated Press (via the Washington Times).  60-year-old Judge Stephen Goss served as a Superior Court judge in Albany for approximately 20 years, after which then-Gov. Nathan Deal appointed him to serve as a judge on the Georgia Court of Appeals in August 2018.  Goss brought “dignity and compassion to the delivery of justice all across this great state,” said Chief Justice Harold D. Melton, who noted that he was known nationally for his work on substance abuse and mental health treatment programs.  “His legacy is as great as our sense of loss,” added Melton. “Our court and this state’s judiciary express our profound condolences to the Goss family.” Gov. Brian Kemp offered his support to the Goss family. “A native Georgian, trusted counsel, and man of integrity, Court of Appeals Judge Stephen Goss will be sorely missed by countless people across our state and nation,” Kemp said in a tweet. “The Kemp family asks God to give comfort to his loved ones, friends, and colleagues in this difficult time.” In 2002, Goss founded Georgia’s first felony mental health court and substance abuse treatment program in Dougherty County. It was one of the early programs of its kind in the country, according to his online bio. The...

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