Drudge Retort: The Other Side of the News

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Wednesday, August 15, 2018

I reported from the "Unite the Right 2" rally in Washington on Sunday. It was a dreary failure that attracted around 30 people in total and literally ended before it was supposed to start. I interviewed one alt-right supporter who had been confused by the poorly updated rally website and ended up missing the entire demonstration; I walked around the crowd of counter protesters that dwarfed the neo-Nazis by orders of magnitude. But as pathetic as of all that was, none of it was quite as hilariously humiliating to the alt-right as the video below -- in which the rally's organizer, Jason Kessler, is yelled at by his father to get out of his parents' room in the middle of a live stream with a fellow alt-righter. Kessler says, during the live stream, that he has been forced to move in with his parents after a series of lawsuits stemming from last year's violence sapped his funds. It's an arrangement neither he nor his father seems pleased about.


Wednesday, August 08, 2018

Saudi Arabia has canceled the scholarships of 16,000 of its students studying in Canada, also ordering them to leave the country and find academic programs elsewhere. The move comes amid a growing diplomatic row between the kingdom and the North American country, following comments by Canada's foreign ministry that criticized Saudi Arabia's human rights record and called on Riyadh to release detained activists. Responding to the criticism, Saudi Arabia also cut diplomatic ties with Canada, frozen all new trade and investment and canceled flights via its national carrier to Toronto. read more


Monday, August 06, 2018

Police officer Jessie Ferreira Cavallo said she was on her way to work Friday afternoon when she saw a boy climb up over a guardrail and jump several feet from an overpass onto concrete below. "Everything happened so fast and I think my adrenaline was pumping so high," she said. "He just climbed up and jumped off." Ferreira Cavallo, with the Hastings-on-Hudson, N.Y., department, said she immediately parked her car on the shoulder, stuffed her pockets with first-aid materials from her car and then jumped after the boy, who she said looked like a young teenager. "I wasn't thinking too much," she said. "I just knew, when I looked down and saw him ... he looked dead. I couldn't see anything other than blood. I thought to myself, 'He needs help. I need to help him.'" read more


Tuesday, July 31, 2018

U.S. intelligence agencies indicate North Korea is building new missiles, officials told The Washington Post on Monday, weeks after President Trump declared the nation is "no longer a Nuclear Treat." Satellite images taken in recent weeks appear to show that at least one and possibly two liquid-fueled intercontinental ballistic missiles (ICBMs) are being worked on at a large research facility in Sanumdong, outside of the capital of Pyongyang. This is the same facility where the country first produced intercontinental ballistic missiles that could reach the U.S., the newspaper noted. read more


Saturday, July 28, 2018

Like most people, you probably assume that the level of lending done by banks at any moment is largely driven by how much demand there is from borrowers. But in the world of modern finance, that's only part of the story. For just as important is the level of demand from investors -- pension funds, hedge funds, mutual funds, sovereign wealth funds and insurance companies -- to buy the loans that banks make. Indeed, there are times when there's so much demand for loans from investors and the profit from selling them is so lucrative that bankers are only too happy to go out and make bigger and riskier loans than they would if they were keeping them on their own books. That was the situation back in 2006 when investors were so keen to own "mortgage-backed securities" that Wall Street was begging lenders for more and more "product." You know how that turned out. read more


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