Aug. 11, 2017


U.S. President Donald Trump ramped up his war of words with North Korean leader Kim Jong Un after a week of tension that has roiled global markets. "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely," Trump tweeted.

On a tiny island in the western Pacific, about 7,000 U.S. military personnel and their families are in the middle of the increasingly tense confrontation with North Korea. Guam, an unincorporated U.S. territory, is a strategic outpost about 2,100 miles south-east of Pyongyang.

OPEC's two biggest producers agreed to strengthen their commitment to production cuts and maintain balance in world crude markets, Saudi Energy Minister Khalid Al-Falih said after talks with his Iraqi counterpart Jabbar al-Luaibi, according to the kingdom's state news agency SPA.

As unemployment worsens in strife-torn Afghanistan, the Islamic State has arrived to help the jobless with a lucrative new profession: terrorist. The insurgent group has made significant headway in Afghanistan and is recruiting local villagers, as well as its enemy -- the Taliban -- to paid jobs in order to expand its influence across the north.

The Trump administration has lodged fewer civil cases against polluters and is collecting smaller average penalties than those of the past three presidents, according to a report released Thursday.

The Bloomberg U.S. Startups Barometer, which tracks the business conditions for U.S.-based private technology companies, reached a record high. A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors' appetite to back the riskiest companies.

The world's priciest housing market got even more expensive in the second quarter. Hong Kong's housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 percent for the quarter, the government said Friday, up from 56 percent in the year-earlier period.

AP Top Stories

Iran has arrested six people for teaching Zumba classes to children, accusing them of trying to "change lifestyles" in the Islamic Republic. The group of four men and two women were charged over their dancing and for not adhering to the country's strict hijab dress code.

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.

A leading civil rights group in the United States is suing Washington, DC's public transportation company after the organization rejected advertisements featuring the First Amendment - the portion of the US Constitution that establishes freedom of speech in America.

Guam's governor on Thursday said the US territory was "well-equipped" to handle any North Korean strike thanks to robust infrastructure that had survived earthquakes and typhoons, after Pyongyang released a detailed plan to launch missiles towards the island.

International observers on Thursday praised the handling of Kenya's presidential election, with the European Union mission saying it had seen no sign of manipulation despite opposition complaints and scattered protests. Police fired live rounds and tear gas as they clashed with opposition supporters in one Nairobi neighborhood but most of the capital and the rest of the country were calm after four people were killed in violence on Wednesday.

A baby ape discovered in Kenya could be an example of the earliest ancestors of all living humans, scientists believe. The little creature, whose skull is roughly the size of a lemon, lived around 13 million years ago and came from a family which may have eventually evolved into man and apes.

Under the Trump Administration's new enforcement priorities, Immigration and Customs Enforcement agents are instructed to detain and deport anyone who is in the country illegally, which means even so-called "non-targets" (friends, neighbors and coworkers) may end up in custody after a raid.

An outbreak of a highly contagious stomach illness known as norovirus sickened more than 90 people on a cruise ship docked in Brisbane, Australia. The ship remained in port Thursday after a public health spokesperson confirmed at least 91 cases of norovirus on the ship.

Two potentially habitable "super-Earths" orbit a star just 12 light years away that is our nearest sun-like neighbor, scientists have discovered.

U.S. consumer prices increased slightly in July as rising food costs were offset by falling prices for a range of other goods, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year.


The Handsome Her cafe seeks to address the gender pay gap with a monthly optional surcharge for male customers. The extra money collected is donated to support services for Aboriginal women.

Fifteen EU countries as well as Hong Kong and Switzerland have received eggs contaminated with the insecticide fipronil, the European Commission said.

A report compiled by a US government agency has confirmed that 2016 was the warmest year on record and the third year in a row of record global warmth.

Australian PM Malcolm Turnbull has said his nation is prepared to join a conflict against North Korea if the United States comes under attack.

Three times as many migrants have arrived in Spain so far this year compared to the same period in 2016, the International Organization for Migration (IOM) said.


If North Korea launches an attack that threatens the United States then China should stay neutral, but if the United States attacks first and tries to overthrow North Korea's government China will stop them, a Chinese state-run newspaper said on Friday.

Add new comment

Plain text


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.