NUTS AND BOLTS: SHOULD READ
Too Big To Fail, Too Big To Break up?Step aside Bernie Sanders, because there is a new kid in town who wants to break up the “too big to fail” banks. The Federal Reserve of Minneapolis’ new President Neel Kashkari gave the strictest anti-big bank vision to date, calling for big banks to be broken up or turned into public utilities. And Neel is no “Democratic Socialist from Vermont.” He comes from Goldman and PIMCO and orchestrated the bank bailouts in 2008/2009. Be afraid banks, be very afraid.
Venezuela Raises Fuel Price 6000% For ‘Balance’In an effort to stem the widening economic crisis, Venezuelan President Nicolas Maduro has devalued the currency and raised the price of fuel by 6000%. Maduro believes that “this is a necessary measure, a necessary action to balance things,” because pulling numbers out of the air is apparently how you find your center. It will most likely be ineffective because fuel is heavily subsidized, filling your tank in Caracas will still cost less than a soft drink. Try to wrap your head around that math problem.
#pnut4prez: Marco Rubio – Everyone’s Favorite Second Choice
Two days to go until the Republican South Carolina primary, and Donald Trump still dominates the Republican field. A Bloomberg poll put him at 36% with his nearest rival, Ted Cruz, at 17%. Establishment favorite Marco Rubio was the most popular second choice candidate, though, which means if Bush/Kasich ever drop out he can consolidate a formidable establishment alternative to Trump (he recently got Governor Nikki Haley’s endorsement).
Keeping Our Eye On…
- Prehistoric Netflix And Chill: Scientists think humans and Neanderthals might have been having sex about 100,000 years ago. We (and the scientists) are not sure what this means but felt like sharing it anyway.
- Manny Pacquiao: Nike terminated its deal with the boxing great after he described homosexuals as “worse than animals.”
- Cuba: According to multiple diplomatic sources, President Obama is expected to visit Cuba in the next month. Although Obama has not officially announced the trip, expect vocal opposition from conservative parties.