Aug. 10, 2017

BLOOMBERG

South Korea and Japan warned North Korea that it would face a strong response if it carried through with a threat to launch a missile toward the U.S. territory of Guam.

U.S. defense analysts now believe North Korea has as many as 60 nuclear bombs, and the ability to put them on missiles. Kim Jong Un declared that the entire U.S. territory was within striking distance after his regime twice tested an intercontinental ballistic missile called the Hwasong-14 in July.

Venezuelan opposition parties plan to participate in regional governor elections even as President Nicolas Maduro and his allies continue a campaign of political persecution against them, a decision that dissident leaders cast as defiance and the regime viewed as submission.

Five members of the U.S. armed forces sued President Donald Trump and top military brass, seeking to stop them from banning transgender people from serving "in any capacity."

The two-year-old U.S. diplomatic relationship with Cuba was roiled Wednesday by what U.S. officials say was a string of bizarre incidents that left a group of American diplomats in Havana with severe hearing loss attributed to a covert sonic device.

Democratic National Committee deputy chairman and Minnesota Rep. Keith Ellison on Wednesday called it "an outrage" that President Donald Trump has not condemned the weekend bombing of a Minnesota mosque as a terrorist attack. Ellison represents the Minneapolis area - though not the site of the explosion - and is the nation's first Muslim elected to Congress.

After deleveraging in the aftermath of the last U.S. recession, Americans have once again taken on record debt loads that risk holding back the world's largest economy. Household debt outstanding -- everything from mortgages to credit cards to car loans -- reached $12.7 trillion in the first quarter, surpassing the previous peak in 2008 before the effects of the housing market collapse took its toll.

People in some U.S. cities will see the cost of Obamacare health plans climb as much as 50 percent next year, though subsidies will offset much of the increases, according to an analysis by the Kaiser Family Foundation.

The Bel Air estate featured in the Beverly Hillbillies opening credits is for sale-and as befits a wealthy oilman like Jed Clampett, it's the most expensive listing in the country at $350 million.

Driver-assist technology that keeps cars in their lanes, maintains a safe distance from other vehicles, warns of unseen traffic and slams the brakes to avoid rear-end crashes are rapidly spreading from luxury cars to everyday Hondas, Nissans and Chevys. But these automated aids aimed at improving safety are having an unintended consequence: They're degrading driving skills.

AP Top Stories

Tourists on a luxury cruise were suddenly subject to a dusk-till-dawn blackout by the captain and ordered to go without the standard entertainment and trappings for ten days because of a "pirate threat".

Rescue teams have saved a thousand African migrants abandoned by people smugglers in the Niger part of the Sahara desert in recent months, the UN's International Office of Migration (IOM) said Wednesday.

Israel is pushing ahead with a project to build a giant underground wall around the Gaza Strip to block tunnels that could be used for attacks, the army said on Thursday.

A strict dress code advisory issued on Saudi Arabia's national carrier website, warned that passengers who violate their rules of conduct could be barred from flying. Fliers are asked to refrain from wearing anything that could cause discomfort or offense to other passengers. For women, that means exposing their legs or arms and wearing thin or tight clothing. Men are barred from wearing shorts exposing their legs.

A U.S. Navy destroyer carried out a "freedom of navigation operation" on Thursday, coming within 12 nautical miles of an artificial island built up by China in the South China Sea, U.S. officials told Reuters.

Apple is teed up to become the first company to reach $1 trillion in market cap. Apple has gained $56 billion in market value since it announced increasingly optimistic guidance for its third quarter last week, bringing its current market value to $826.85 billion.

Millennials appear to be more willing than other generations to take a spouse for better or for worse, in sickness or in debt. Older generations are more likely to refuse to marry someone with a lot of debt: 70% of people 65 and older said they would say no, compared with 45% of people 18- to 24-years-old, according to a study.

BBC

North Korea says a plan that could see it fire four missiles near the US territory of Guam will be ready in a matter of days.

A suspected unexploded bomb has been found at the site of the Fukushima nuclear plant in Japan. The US is thought to have dropped the 3ft device during WW2.

Another 55 migrants are thought to have died after being deliberately drowned, the UN's migration agency said. Up to 180 migrants were forced from a boat off the coast of Yemen. It is the second incident in as many days after about 50 people died on Wednesday after being pushed from a boat by smugglers who feared arrest.

China has successfully sent "hack-proof" messages from a satellite to Earth for the first time.The message was protected by exploiting quantum physics, which says any attempt to eavesdrop on it would make detectable changes.

WND

Turkish authorities have detained a Russian national and suspected Islamic State group militant for allegedly planning a drone attack on U.S. aircraft at Turkey's Incirlik air base.

An episode of a Disney cartoon for preschoolers normalizes homosexual relationships. LifeSiteNews.com reports an Aug. 5 episode of the Disney Junior channel show "Doc McStuffins" featured a family headed by two lesbian "moms."

Add new comment

Plain text

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.