The 3 Most Dangerous Investing Bubbles Waiting to Burst

The 3 Most Dangerous Investing Bubbles Waiting to Burst
Sean Williams, The Motley Fool

Irrational exuberance has returned to Wall Street, and history says it won't end well for investors.

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  • Why Black Americans aren't being vaccinated for COVID-19 at the same rate as whites

    Early data on the rollout of the vaccines for COVID-19 shows that minority populations in the United States already disproportionately affected by the pandemic are not being immunized at the same rate as white Americans. 

  • Biden did not, in fact, remove Trump's 'Diet Coke button' from the Resolute Desk, White House clarifies

    The new Biden administration has yet not disclosed the secrets of Area 51 or explained what the Air Force really knows about UFOs, but it did clarify, at least, the mystery of the vanished "Diet Coke button" former President Donald Trump would use to summon refreshments in the Oval Office. The usher button, as it is formally known, is not gone, even if it is no longer used to summon Diet Cokes, a White House official tells Politico. The White House official "unfortunately wouldn't say what Biden will use the button for," Politico's Daniel Lippman writes, suggesting Biden might summon Orange Gatorade and not the obvious answer, ice cream — or, let's get real, coffee. What's more, there are evidently two usher buttons in the Oval Office, one at the Resolute Desk and the other next to the chair by the fireplace, a former White House official told Politico, adding that Trump didn't actually use the Diet Coke button all that much because "he would usually just verbally ask the valets, who were around all day, for what he needed." In any case, it is not the placement of the button that matters, of course, but how you use it. And Biden will presumably know better than to order ice cream treats during a top-secret national security briefing. More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedTrump himself suggested a former president can be impeached

  • Millions of Covid vaccines missing under Trump

    Biden officials struggle to understand why doses have not been administered, says report, as president promises to ramp-up vaccination rate

  • MSNBC's Rachel Maddow says McConnell 'caved' on his filibuster demand during her Schumer interview

    In an interview with MSNBC's Rachel Maddow on Monday afternoon, Senate Majority Leader Chuck Schumer (D-N.Y.) said his caucus won't allow Minority Leader Mitch McConnell (R-Ky.) to dictate the agenda in the Democratic-led 50-50 Senate or demand an end to the legislative filibuster as a precondition for a power-sharing pact. "We've told McConnell no on the organizing resolution, and that's that. So there's no negotiations on that," Schumer said, suggesting he had a secret plan. "There are ways to deal with him." Maddow included an update when she broadcast the interview Monday night. "While we were airing that right now, and you were watching it, Republican Minority Leader Mitch McConnell just put out a statement that he is folding on this" and willl "agree to go forward with what Sen. Schumer told him he must," she said. "Sen. Mitch McConnell has caved and Sen. Schumer has won that fight. That was quick. Let's see what else we can do." No sooner has the portion of Rachel Maddow's interview with Senator Majority Leader Chuck Schumer aired than Mitch McConnell has put out a statement that he is folding, ending the stand-off. pic.twitter.com/9qR1jpKXkf — Maddow Blog (@MaddowBlog) January 26, 2021 McConnell said he would allow the Senate to move forward because two Democrats had reiterated their opposition to ending the filibuster, effectively taking that option off the table. Maddow asked Schumer about that, too, and he didn't answer directly. "The caucus is united with the belief that I have: We must get big, strong, bold things done," Schumer said. The Democratic caucus is also "totally united" that "we will not let Mitch McConnell dictate to us what we will do and not do," and "we have tools that we can use," notably the budget reconciliation process," he added. "We will come together as a caucus and figure it out." "We will not let Mitch McConnell dictate to us what we will do and not do." Here's Senate Majority Leader Chuck Schumer earlier in his interview with Rachel Maddow, talking about the filibuster specifically, and getting things done. pic.twitter.com/xOAKWfe2Fu — Maddow Blog (@MaddowBlog) January 26, 2021 Schumer also suggested he is not interested in playing cat-and-mouse with McConnell's Republicans again. Watch below. "We will not repeat that mistake." Senate Majority Leader Schumer cites Obama era lessons in prioritizing legislation over bad faith Republican 'bipartisanship.' pic.twitter.com/gpc1kBP45w — Maddow Blog (@MaddowBlog) January 26, 2021 More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedTrump himself suggested a former president can be impeached

  • UN group says Sri Lanka virus cremation rule violates rights

    A group of U.N experts has criticized Sri Lanka's requirement that those who die of COVID-19 be cremated, even it goes against a family's religious beliefs, and warned that decisions based on “discrimination and aggressive nationalism” could incite hatred and violence. The experts, who are part of the Special Procedures of the U.N Human Rights Council, said in a statement Monday that rule amounts to a human rights violation. “We deplore the implementation of such public health decisions based on discrimination, aggressive nationalism and ethnocentrism amounting to persecution of Muslims and other minorities in the country,” the experts said.

  • Biden extends Europe, Brazil travel restrictions, adds South Africa

    U.S. President Joe Biden signed an order on Monday barring most non-U.S. citizens who have recently been in South Africa from entering the United States, effective Saturday. Biden's order also reimposes an entry ban, set to expire on Tuesday, on nearly all non-U.S. travelers who have been in Brazil, the United Kingdom, Ireland and 26 countries in Europe that allow travel across open borders. Last week, then-U.S. President Donald Trump revoked those restrictions which were imposed last year effective Tuesday.

  • California man accused of stealing documents from Mitch McConnell's desk during Capitol riot

    Tommy Frederick Allan said he took the documents because he is a taxpayer, according to an arrest warrant.

  • China pushes conspiracy theories on COVID origin, vaccines

    Chinese state media have stoked concerns about Pfizer’s COVID-19 vaccine, despite rigorous trials indicating it is safe. A government spokesperson has raised the unsubstantiated theory that the coronavirus could have emerged from a U.S. military lab, giving it more credence in China. As the ruling Communist Party faces growing questioning about China's vaccines and renewed criticism of its early COVID-19 response, it is hitting back by encouraging conspiracy theories that some experts say could cause harm.

  • Brazil's top court probes health minister's COVID-19 response in Manaus

    Brazilian Supreme Court Justice Ricardo Lewandowski has approved an investigation into Health Minister Eduardo Pazuello's handling of the COVID-19 pandemic in the northern city of Manaus, according to a court document released on Monday. Lewandowski granted a petition for the probe by Attorney General Augusto Aras, and gave a period of 60 days for the probe to conclude. Manaus, in the northern state of Amazonas, has been hit hard by a brutal second wave that has pushed the city's emergency services to breaking point.

  • Chuck Schumer tried to unseat Susan Collins, and now it's personal

    Senate Majority Leader Chuck Schumer (D-N.Y.) will have his work cut out for him as he tries to maneuver through the 50-50 upper chamber. To pass most legislation, he'll need to work with Republicans to get things done, but that won't be easy, especially after he rigorously campaigned against a few of them in recent election cycles, CNN reports. Take, for example, Sen. Susan Collins (R-Maine), who ultimately won a hard fought re-election campaign last year against Democratic challenger Sara Gideon. Despite the victory, Collins appears to have taken Schumer's efforts to unseat her personally. "What this campaign taught me about Chuck Schumer is that he will say or do anything in order to win," she told CNN. "It was a deceitful, despicable campaign that he ran." Collins is generally considered one of the more bipartisan voices in the Senate and has crossed the aisle not infrequently throughout her tenure, but those words don't make her sound like someone who's excited to help hand Schumer easy wins. Read more at CNN. Susan Collins doesn't sound like she's keen on cutting lots of deals https://t.co/YHgj2ydgN6 — Jonathan Chait (@jonathanchait) January 26, 2021 The only way governing with the filibuster can ever work is if Republicans are willing to engage in good faith negotiations. Even SUSAN COLLINS is explicitly stating she’s a partisan who has no interest in working with Democrats. — Matt McDermott (@mattmfm) January 26, 2021 More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedTrump himself suggested a former president can be impeached

  • Former VA doctor who misdiagnosed patient sentenced to prison

    A former pathologist at an Arkansas veterans’ hospital has been sentenced to 20 years in federal prison after pleading guilty last year to involuntary manslaughter in the death of a patient that he misdiagnosed.

  • Joe Biden: America's second Catholic president

    The president's views on some hot-button social issues have led to clashes with US Catholic hierarchy.

  • Trump's press secretary Kayleigh McEnany to head to Fox News

    Former White House Press Secretary Kayleigh McEnany spent her time as the president's mouthpiece spinning his words, attacking his enemies, and attempting to undermine the credibility of reporters who questioned his actions. Now, with her days at the White House behind her, Ms McEnany will step into a new role where she can once again use the skill set she cultivated during her time with the president; she'll be joining Fox News. Government watchdog organisation CREW obtained a financial disclosure report that showed Ms McEnany and Fox News entered into an employment agreement on 1 January.

  • China, New Zealand ink trade deal as Beijing calls for reduced global barriers

    China and New Zealand signed a deal on Tuesday upgrading a free trade pact to give exports from the Pacific nation greater access to the world's second-largest economy. The pact comes as Beijing seeks to establish itself as a strong advocate of multilateralism after a bruising trade war with the United States, at a time when the coronavirus has forced the closure of many international borders. New Zealand Prime Minister Jacinda Ardern confirmed the signing of the expanded deal.

  • Lawmakers say North Korean diplomat defected to South Korea

    A North Korean diplomat who served as the country’s acting ambassador to Kuwait has defected to South Korea, according to South Korean lawmakers who were briefed by Seoul’s spy agency. Ha Tae-keung, a conservative opposition lawmaker and an executive secretary of the National Assembly’s intelligence committee, said Tuesday he was told by officials from the National Intelligence Service that the diplomat arrived in South Korea in September 2019 with his wife and at least one child. Ha said he was told that the diplomat, who changed his name to Ryu Hyun-woo after arriving in the South, had escaped through a South Korean diplomatic mission but that spy officials didn’t specify where.

  • MyPillow CEO Mike Lindell permanently banned from Twitter

    The CEO of MyPillow will no longer be able to use his Twitter. MyPillow CEO Mike Lindell has been permanently banned from Twitter for "repeated violations of our Civic Integrity Policy," the company told CNN. While Twitter didn't specify what tweet prompted Lindell's final suspension, he has in recent weeks been pushing false claims about widespread fraud in the 2020 election. Twitter's Civic Integrity Policy states that users may not use the platform "for the purpose of manipulating or interfering in elections or other civic processes," including by posting "false or misleading information about the procedures or circumstances around participation in" elections. Under this policy, five or more strikes will lead to a permanent suspension. Lindell, who visited former President Donald Trump at the White House earlier this month and was seen with notes referencing "martial law," also could soon be hit with a potential defamation lawsuit for his election claims. Dominion Voting Systems has threatened to sue the MyPillow boss over his promotion of a false conspiracy theory that the company's machines were used to change the outcome of the presidential race. Dominion on Monday sued Trump's personal attorney, Rudy Giuliani, who also promoted the false claims. Lindell told The New York Times he would "welcome" a lawsuit from Dominion. Twitter's suspension of Lindell comes after the company earlier this month permanently banned Trump due to the "risk of further incitement of violence" following the deadly Capitol riot. Twitter CEO Jack Dorsey has defended the decision, while at the same time saying that "a ban is a failure of ours ultimately to promote healthy conversation." More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorDemocrats are getting Chuck GrassleyedTrump himself suggested a former president can be impeached

  • Editorial: Is Gov. Newsom 'following the science' on COVID reopening, or following the politics?

    Gov. Newsom needs to do a better job communicating California's statewide COVID restrictions with the public, and with other state officials.

  • U.S. approves all deals involving Yemen's Houthis for one month

    The United States on Monday approved all transactions involving Yemen's Houthi movement for the next month as Washington reviews a Trump administration designation of the Iran-aligned group as a foreign terrorist organization. The move appeared designed to allay fears of companies and banks involved in commercial trade to Yemen, which relies almost solely on imports. The Treasury Department in a Frequently Asked Question specifically stated that foreign banks will not be exposed to sanctions "if they knowingly conduct or facilitate a transaction" for the Houthis.

  • Rittenhouse, mother fixated on social media treatment

    An Illinois teen accused of killing two people during unrest in Wisconsin and the teen's mom were fixated on social media comments about them in the hours after his August arrest, newly released police video shows. Police in Antioch, Illinois, on Monday released four hours of video taken after Kyle Rittenhouse turned himself in hours after the Aug. 25 protest in Kenosha, the Chicago Tribune reported. The protest was part of a series of chaotic demonstrations that ensued after a white Kenosha officer shot Jacob Blake, who is Black, in the back seven times during a domestic dispute.

  • Donald Trump impeachment: House delivers article to Senate as Biden says conviction unlikely

    Democrats in the House of Representatives delivered an article of impeachment against Donald Trump to the Senate on Monday night, formally triggering the first-ever impeachment trial of a former president. The article accuses Mr Trump of "incitement of insurrection" over the deadly Capitol riots on January 6. Shortly before the breach of the Capitol, Mr Trump told thousands of his supporters at a rally near the White House to "fight like hell" against the election results that Congress was certifying. A mob marched down to the Capitol and rushed in, interrupting the count. Five people died in the unrest, including four of Mr Trump's supporters and a Capitol Police officer. The impeachment article was delivered in person by nine House impeachment managers to the Senate in a formal ceremony shortly after 7 pm (midnight GMT). The move by Nancy Pelosi, the Democratic House Speaker, sets on course the second Senate trial for Mr Trump, the only US president to be impeached twice, and the first to face trial after leaving office. Democratic congressman Jamie Raskin, one of the authors of the impeachment article, read the charges on the Senate floor.