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A Year After Shake-Ups: Where Walmart, Target Stand

Filed under: Company News, Retail, Target, Wal-Mart, CEOs Richard Drew/APTarget Chairman and CEO Brian Cornell By Krystina Gustafson Change doesn’t come easy — particularly when you’re trying to move the needle at a company that rakes in hundreds of billions in annual sales. Still, when new CEOs took over at two of the country’s largest…

Does “Creative Destruction” Include the State?

When do we get to exercise democracy and fire every factotum, apparatchik, toady and lackey in the state who has abused his/her authority? Everyone lauds “creative destruction” when it shreds monopolies and disrupts private enterprise “business as usual.” If thousands lose their middle-class livelihoods– hey, that’s the price of progress. Improvements in productivity and efficiency can’t…

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Transhumanist Candidate Wants “Brain Implants to Manage Violent Actions of Prisoners”… And Society

Maybe the solution to all crime is more surveillance and direct control over the minds of all prisoners, anyone marked with violent tendencies and ultimately everyone in society. That’s what one futurist is proposing, as he runs on a political platform based around psycho-physical state control over mind and body. Zoltan Istvan, presidential candidate for…

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Can States sink the Iran Nuke Deal?

The Obama administration thinks it outsmarted opponents of the Iran deal by running to the U.N. Security Council for international approval before Congress’s review period even started. It was a typical Obama F-U to his domestic opponents. Since Congress now needs a super-majority to block the deal, the outcome is uncertain. The Obama team is…

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Market Wrap: Wall Street Drops as China Slump Stokes Fears

Filed under: Earnings, Market News, Mergers & Acquisitions, China, International Trade, Commodities & Futures, World Markets Spencer Platt/Getty Images By Noel Randewich NEW YORK — Wall Street sank Monday, with the Nasdaq losing almost 1 percent after the steepest decline in Chinese stocks in eight years increased concerns that cooling growth in the world’s No.…

When Authorities “Own” the Market, The System Breaks Down: Here’s Why

Central planning asset purchases aimed at propping up prices destroy the essential price discovery needed by private investors. Panicked by the possibility of declines that undermine the official narrative that all is well, authorities the world over are purchasing assets like stocks, bonds and mortgages directly. Central banks are explicitly taking on the role of buyers of…