The Shasta Lantern Blog

China Reportedly Issues Final Warning To North Korea

China Reportedly Issues Final Warning To North Korea

With President Trump placing his faith in China’s ability to keep its neighbor under control – through threats, promises, or oil embargoes – it appears, according to unconfirmed rumors spreading widely on Chinese social media Tuesday, that North Korea just got its final warning. As Korea Times reports, Chinese news...

China demands immediate halt to THAAD missile system now ‘operational’ in South Korea

China demands immediate halt to THAAD missile system now ‘operational’ in South Korea

From: South China Morning Post As regional tensions soar, Beijing says it will ‘firmly take necessary measures to uphold our interests’ China demanded on Tuesday an immediate halt to a controversial US missile shield hours after Washington announced that the defence system was now operational in South Korea. Washington and...

Are American Debt Slaves Getting In Trouble Again?

Are American Debt Slaves Getting In Trouble Again?

Authored by Wolf Richter via WolfStreet.com,  The economy depends on them, but they’re cracking. American consumers are holding $1 trillion in revolving credit, mostly in credit card debt. So how well is this segment of consumer debt holding up? Synchrony Financial – GE’s spin-off that issues credit cards for Walmart...

Italian Government Approves Alitalia Bankruptcy, Bonds Collapse

Italian Government Approves Alitalia Bankruptcy, Bonds Collapse

by Tyler Durden   Earlier we reported that Italy’s national carrier, Alitalia, did what many expected it to do after last week’s rescue plan, which would have cut 1,700 jobs and slashed pay, failed and filed for bankruptcy. What was less expected is that just hours after filing, the Italian...