The Daily Populous

Sunday July 7th, 2019 day edition

image for Model that predicted 2008 financial crisis suggests another recession is coming: expert

It’s called the U.S. Treasury yield curve and, when inverted, is considered to be the most reliable indicator of an upcoming recession.

The yield curve model was originally developed by Canadian economist Campbell Harvey while he was completing his dissertation.

In the three recessions since his dissertation was published, including the 2008 financial crisis, the curve was inverted before each one.

Harvey is “very confident” the current inverted curve could be indicative of another recession on the horizon.

The U.S. Treasury yield curve describes the relationship between treasury interest rates and the maturity of treasury bonds.

However, other economists caution consumers not to disregard other economic indicators entirely in favour of the yield curve.

“If everybody is looking at this indicator and says, ‘Well, the curve is inverted; we’re going into recession. »

Trump's Longtime Friend Jeffrey Epstein Arrested For Sex Trafficking Minors in Florida, New York

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Donald Trump's longtime friend Jeffrey Epstein was arrested this weekend for sex trafficking multiple minors in Florida and New York, sources confirmed to the Daily Beast and Miami Herald.

Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors, which carries a maximum sentence of 45 years, reported the Daily Beast.

He added: "We hope that prosecutors will not stop with Mr. Epstein because there were many other people who participated with him and made the sex trafficking possible. »

Jeffrey Epstein Arrested for Sex Trafficking of Minors

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Billionaire pedophile Jeffrey Epstein was arrested for allegedly sex trafficking dozens of minors in New York and Florida between 2002 and 2005, and will appear in court in New York on Monday, according to three law enforcement sources.

Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors—which could put him away for a maximum of 45 years.

"While Epstein was at the head of the international sex trafficking organization, that conspiracy could not have functioned without many others playing their part. »

MSP officer runs stops sign, hit by car, arrests other driver

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"All he kept saying was 'you hit a cop, you hit a cop, you hit a cop,' and at no moment say 'how are you, are you okay,'" said Maria Martinez, Carlos's mother.

After the two cars collided, the video shows an officer exit the SUV and order Martinez onto the ground.

MSP said Thursday morning the driver had been released to a local hospital and has not been charged. »

Helen's Law: Killers who conceal victims' remains face parole refusal

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Murderers who refuse to reveal the location of their victims' bodies could be denied parole under a new law.

Ms McCourt's mother Marie said the impact of her daughter's death was "a pain in your heart that will never go".

"It's hard to lose a loved one in any circumstances, but to have them murdered is horrific," she told BBC Breakfast. »