1
Russia Sanctions Froze His Fortune. Can the 4th Amendment Unlock It?
A Manhattan investor and Trump donor with business ties to the heirs of
Prince can’t get access to his money. A lawsuit says it amounts to an
unreasonable seizure of property.
He should have access to his money.
https://en.wikipedia.org/wiki/Fourth_Amendment_to_the_United_States_Constitution
2
Update: Framing Lumber Prices Down 35% Year-over-year
Here is another monthly update on framing lumber prices. Lumber prices
declined from the record highs in early 2018, and are now down 35%
year-over-year.
This graph shows two measures of lumber prices: 1) Framing Lumber from
Random Lengths through May 31, 2019 (via NAHB), and 2) CME framing futures.
[image: Lumcber Prices]*Click on graph for larger image in graph gallery.*
Right now Random Lengths prices are down 35% from a year ago, and CME
futures are down 33% year-over-year.
There is a seasonal pattern for lumber prices, and usually prices will
increase in the Spring, and pea... more »
Commercial single family construction is in trouble.
That does not displease me.
3
Construction Spending Declined in May
From the Census Bureau reported that overall construction spending declined
in May:
Construction spending during May 2019 was estimated at a seasonally
adjusted annual rate of $1,293.9 billion, 0.8 percent below the revised
April estimate of $1,304.0 billion. The May figure is 2.3 percent below the
May 2018 estimate of $1,324.3 billion.
Both private and public spending decreased:
Spending on private construction was at a seasonally adjusted annual rate
of $953.2 billion, 0.7 percent below the revised April estimate of $960.3
billion. ...
In May, the estimated seasonally adjusted a... more »
I want to build. This is good news.
4
ISM Manufacturing index Decreased to 51.7 in June
The ISM manufacturing index indicated expansion in June. The PMI was at
51.7% in June, down from 52.1% in May. The employment index was at 54.5%,
up from 53.7% last month, and the new orders index was at 50.0%, down from
52.7%.
From the Institute for Supply Management: June 2019 Manufacturing ISM®
Report On Business®
Economic activity in the manufacturing sector expanded in June, and the
overall economy grew for the 122nd consecutive month, say the nation’s
supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM... more »
Trump may not get another four years.
5
Black Knight Mortgage Monitor for May: Record Low National Delinquency Rate, Early Delinquency Rate Increasing
Black Knight released their Mortgage Monitor report for May today.
According to Black Knight, 3.36% of mortgages were delinquent in May, down
from 3.64% in May 2018. Black Knight also reported that 0.49% of mortgages
were in the foreclosure process, down from 0.59% a year ago.
This gives a total of 3.85% delinquent or in foreclosure.
Press Release: Black Knight Mortgage Monitor: In May, Adjustable-Rate
Mortgage Prepayments Highest Since 2007; Prepays on 2018 Vintage Loans Up
Three Times Over Past Four Months
Today, the Data & Analytics division of Black Knight, Inc. released its
la... more »
The wealthy have money.
6
Iran Breaches Critical Limit on Nuclear Fuel Under 2015 Deal
The violation does not by itself give the country the material for a
nuclear weapon, but it signals that Tehran may be willing to abandon the
pact’s limits.
As expected.
7
Ivanka Trump Tests Her Diplomatic Chops and Riles a Legion of Critics
President Trump’s elder daughter used a G20 summit and then the
Demilitarized Zone to test her role as budding stateswoman for the
administration.
Diplomacy is a real profession.
8
Pete Buttigieg Raised $24.8 Million in Second Quarter, His Campaign Says
Mr. Buttigieg’s total is the latest evidence that he has gone from a long
shot to a serious candidate for the Democratic nomination in a matter of
months.
Many gays have disposible income.
9
What Trump’s Huawei Reversal Means for the Future of 5G
Huawei is the top threat to American dominance in wireless technology. And
the U.S. is woefully, even disgracefully, behind.
Huawei is the current winner in the internet competition.
Slash dot search:
Nokia's CTO Accuses Huawei of Both 'Sloppiness' and 'Real Obfuscation' (bbc.com) 67
Trump Relaxes US Ban On Selling To Huawei In Surprise G20 Concession (zdnet.com) 152
Huawei Personnel Worked With China's Military on Research Projects (bloomberg.com) 169
India Reportedly Wants To Build Its Own WhatsApp For Government Communications (techcrunch.com) 36
Apple Hires Key Chip Designer From ARM As Own Efforts Ramp Up (bloomberg.com) 38
Huawei Telecom Gear Much More Vulnerable To Hackers Than Rivals' Equipment, Report Says (wsj.com) 84
US Tech Companies Sidestep a Trump Ban, To Keep Selling To Huawei (france24.com) 135
China's Biggest Startups Ditch Oracle and IBM for Home-Made Tech (bloomberg.com) 132
FedEx Sues US Government Over 'Impossible' Task of Policing Exports To China (reuters.com) 112
US Blacklists More Chinese Tech Companies Over National Security Concerns (nytimes.com) 82
Senator Rubio Targets Huawei Over Patents (reuters.com) 178
Huawei Says US Ban Hurting More Than Expected, To Wipe $30 Billion Off Revenue (reuters.com) 172
Cellebrite Says It Can Unlock Any iPhone For Cops (wired.com) 132
Huawei Delays Foldable Phone Launch Until September To Do Extra Tests After Samsung's Troubles (cnbc.com) 26
Huawei Started Serving Ads On Phone Lock Screens Without Asking Users' Permission (digitaltrends.com) 71
Huawei Asks Verizon To Pay Over $1 Billion For Over 230 Patents (reuters.com) 184
Huawei Says It's Scrapping Laptop Launch Because of US Blacklisting (cnbc.com) 95
Huawei is Reportedly Asking App Developers To Publish on its AppGallery (cnet.com) 70
Some Big Tech Firms Cut Employees' Access To Huawei, Muddying 5G Rollout (reuters.com) 58
Smartphone Shipment Forecast Cut To 1.35 Billion For 2019 as Uncertainty Prevails (canalys.com) 44
10
On Politics: Trump Visits North Korea
NYT > Politics - 14 hours ago
Mr. Trump became the first sitting American commander in chief to set foot
in the reclusive country.
Noise but glad to have it.
11
Kamala Harris and Classmates Were Bused Across Berkeley. The Experience Changed Them.
Fellow Berkeley public school students remember the early days of the
integration effort: “We were all just kids trying to figure it out on our
own.”
It worked more than most.
12.
In New Talks, U.S. May Settle for a Nuclear Freeze by North Korea
The idea taking shape inside the Trump administration would amount to
negotiating a nuclear freeze that essentially enshrines the status quo,
tacitly accepting the North as a nuclear power.
A freeze might be possible.
13
Ukraine Role Focuses New Attention on Giuliani’s Foreign Work
A Ukrainian-Russian developer says he hired the former New York mayor
Rudolph W. Giuliani to lobby. Mr. Giuliani says he never lobbied the U.S.
government.
Giuliani is an evil man.
14
Monday: ISM Mfg, Construction Spending
Weekend:
• Schedule for Week of June 30, 2019
Monday:
• At 10:00 AM: *ISM Manufacturing Index* for June. The consensus is for the
ISM to be at 51.2, down from 52.1 in May.
• At 10:00 AM: *Construction Spending* for May. The consensus is for a 0.1%
increase in construction spending.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 23 and DOW
futures are up 206 (fair value).
Oil prices were up over the last week with WTI futures at $59.74 per barrel
and Brent at $66.01 barrel. A year ago, WTI was at $74, and Brent was at
$77 - so oil prices are down about 20% year-ov... more »
I want to build.
15
U.S. Envoy Swings Sledgehammer in East Jerusalem, and a Metaphor Is Born
The ambassador to Israel, David M. Friedman, opened an archaeological site,
calling it “undeniable evidence” of Jewish historical claims to Jerusalem.
Archaeology matters only to historians.
The crusaders had Jerusalem once.
16
Trump Restarts China Trade Talks, but the Two Sides Remain Far Apart
As the U.S. eased restrictions on China, the American president faced
questions over whether he was giving up too much in return for vague
promises.
It is only an armistace.
17
For All the Talk of a Tea Party of the Left, Moderates Emerge as a Democratic Power
Liberals like Representative Alexandria Ocasio-Cortez may get the
attention, but a group of moderate Democrats in the House are proving more
adept at wielding power.
"Fake news".
Week-end Wrap – Political Economy – June 29, 2019
Week-end Wrap – Political Economy – June 29, 2019 by Tony Wikrent Economics
Action Group, North Carolina Democratic Party Progressive Caucus Strategic
Political Economy These Three Firms Own Corporate America Jan Fichtner,
Eelke Heemskerk, Javier Garcia-Bernardo, May 11, 2017 [The Conversation,
via Alternet] Disrupting mainstream economics The new left economics: how a
network of thinkers […]
Reason to think hard.
The facts may be real.
For All the Talk of a Tea Party of the Left, Moderates Emerge as a Democratic Power
Liberals like Representative Alexandria Ocasio-Cortez may get the
attention, but a group of moderate Democrats in the House are proving more
adept at wielding power.
It should be Fake News.
June 2019: Unofficial Problem Bank list increased to 76 Institutions, Q2 2019 Transition Matrix
Note: Surferdude808 compiles an *unofficial* list of Problem Banks compiled
only from public sources. DISCLAIMER: This is an unofficial list, the
information is from public sources and while deemed to be reliable is not
guaranteed. No warranty or representation, expressed or implied, is made as
to the accuracy of the information contained herein and same is subject to
errors and omissions. This is not intended as investment advice. Please
contact CR with any errors.
Here is the unofficial problem bank list for June 2019.
Here are the monthly changes and a few comments from surferdu... more »
Yes.
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