Chriss W. Street

Latest News

Sunni Muslim States Forming 'Arab NATO'

The Sunni Muslim Gulf Cooperation Council (GCC), led by Saudi Arabia, appears to be forming an “Arab NATO” military alliance according to Stratfor Intelligence. The alliance would initially include Morocco and Jordan, but over time it would probably also seek to include the North African states of Algeria, Tunisia, Libya, and Egypt. May 12, 2014 6:01 PM PT

Antarctic Sea Ice at All-Time Record Levels

The National Snow and Ice Data Center (NSID), with the support of the NASA Earth Sciences, just announced that Antarctic sea ice has expanded to all-time record levels for April. Last month the ice expanded by more than 42.5 square miles and continues to grow in May. May 12, 2014 10:39 AM PT

Outside Political Spending Hits $88 Million and Counting

Open Secrets reports that outside groups, generally political parties, corporations and unions, have independently spent $88,868,421 so far in 2014 on the upcoming mid-term elections according to the Federal Election Commission (FEC). May 9, 2014 6:25 PM PT

Hedge Funds See Record Cash Inflow

Total hedge fund assets surged to set a record of $2.7 trillion in the first quarter of 2014, as investors allocated $26.3 billion of new capital to the industry, the most since the second quarter of 2011. May 9, 2014 12:09 PM PT

California Policy Center: 20 Counties' Public Pensions Only 60% Funded

Bill Monnet, Ken Churchill, and Ed Ring of the California Policy Center published a study on May 6, 2014 titled “Evaluating Total Unfunded Public Employee Retirement Liabilities in 20 California Counties” that determined the official published statements for unfunded employee retirement liabilities in 20 California county pension plans are drastically understated. May 7, 2014 3:48 PM PT

Fed Chair Janet Yellen Predicts Economy and Inflation to Rise

Federal Reserve Chairwoman Janet Yellen offered an upbeat economic outlook to the Joint Congressional Economic Committee in her remarks Wednesday by stating, “With the harsh winter behind us, many recent indicators suggest that a rebound in spending and production is already underway, putting the overall economy on track for solid growth in the current quarter.” May 7, 2014 11:13 AM PT

Sandinista-Chinese Nicaraguan Canal to Compete with Panama Canal

The “Interoceanic Grand Canal” (IGC) is about to be dug across Nicaragua to compete with the Panama Canal by as early as 2019. The Sandinista government of Nicaragua's President Daniel Ortega granted a 100-year concession to the Hong Kong Nicaragua Canal Development Investment Company (HKND). The IGC will cut more than 1,000 miles and a day’s time off trips by supertankers, giant container ships, and potentially Chinese warships to connect from the Pacific Ocean to the Caribbean. May 5, 2014 3:40 PM PT

Russian Strategic Bombers Flying Along California Coast

The Associated Press reported Monday that Gen. Herbert Carlisle, Commander of United States Air Forces in the Pacific, acknowledged a significant increase in the activities by Russian long-range strategic aircraft flying along the California coast. May 5, 2014 3:15 PM PT

Russian Strategic Bombers Flying Along California Coast

The Associated Press reported Monday that Gen. Herbert Carlisle, Commander of United States Air Forces in the Pacific, acknowledged a significant increase in the activities by Russian long-range strategic aircraft flying along the California coast. May 5, 2014 3:15 PM PT

Obama Doubled Nation-Building Budget

On November 4, 2008, then-President-elect Barack Obama said, “Change has come to America.” That change is most evident today in voters’ opinion of the benefits of United States world involvement. The newest Wall Street Journal/NBC surveys “portray a public weary of foreign entanglements.” Obama demanded an investigation of the Bush administration’s inappropriate use of the defense budget’s “foreign economic aid” for “nation-building.” But over the last five-and-a-half years, the Obama administration has maximized foreign entanglements by more than doubling defense nation-building spending from $24.3 billion to $51.3 billion. May 5, 2014 10:14 AM PT

Russia Moves Warplanes into Ukraine Attack Position

Russia moved dozens of Mig-29 and Su-27 fighter aircraft and Tu-22 bombers from a Simferopol district airbase to the western coast of the Crimean peninsula on May 3rd following the bloody clashes between pro- and anti-Russian groups in the southern coastal city of Odessa where 42 people were killed and 125 injured the day before. May 4, 2014 8:16 PM PT

Study Reveals Drinking More Coffee Reduces Diabetes Risk

There is nothing happier than a coffee drinker with their first cup in the morning. But coffee has a historic reputation of being blamed for many ills — from stunting growth to causing heart disease and cancer. May 3, 2014 12:39 PM PT

Snapchat Proves Tech Bubble Hasn't Burst Yet

For the last five years, U.S. stocks have relentlessly climbed by 210% from their March 2009 lows. Cynics have just as relentlessly warned that a new tech bubble meant speculator Armageddon was dead ahead. But every time it seems like tech valuations cannot go higher, a deal like Snapchat comes along and defies all the cynics’ logic. May 3, 2014 10:19 AM PT

CalPERS Says Detroit Bankruptcy Ruling Threatens California's Solvency

The California Public Employees Retirement System (CalPERS) filed a May Day brief in the 6th U.S. Circuit Court of Appeals saying that U.S. Bankruptcy Judge Steven Rhodes' December ruling in the City of Detroit bankruptcy case was wrong to conclude pensions may be cut by a federal court, despite state constitutional protections. CalPERS believes the ruling threatens the financial basis for granting public employee pensions. May 2, 2014 11:49 AM PT

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