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Illegal Immigrants Who Stabbed Classmate “Previously Confirmed as MS-13 Gang Members”

Three illegal immigrant public high school students who recently attacked and stabbed a classmate in New York were “previously confirmed as MS-13 gang members” by local police, according to the Suffolk County District Attorney’s office. Two of them had been detained by federal authorities and released by a judge. Days before they attacked a fellow […]

Lehman, WorldCom And Now PG&E: The "Failing Angels" Are Back

Lehman, WorldCom And Now PG&E: The "Failing Angels" Are Back

One week ago when we wrote that with PG&E facing a threat of an imminent bankruptcy (which we now know will soon be realized), the most bizarre development in this latest corporate fiasco was that until the first week of January, both S&P and Moody’s had rated the California utility with over $30 billion in […]

Watch Live: Parliament Holds No Confidence Vote In Theresa May

Watch Live: Parliament Holds No Confidence Vote In Theresa May

In his statement following Tuesday’s historic defeat of Theresa May’s Brexit plan, Labour leader Jeremy Corbyn tabled a motion of no confidence in Theresa May, following through on a longstanding threat following weeks of speculation about whether Labour would actually make good. And on Wednesday at 7 pm GMT ( 2 pm in New York), […]

Is This The Real Reason Why Stocks Are Surging?

Is This The Real Reason Why Stocks Are Surging?

Wondering why US equity markets are soaring at a pace not seen since the March 2009 lows? Confused by the massive swings higher despite weak macro data, and tumbling earnings expectations? Well, the answer is simple once again, “it’s not the economy, it’s the central banks, stupid!” Q4 2018 saw global stock markets finally wake […]

"How I Made $1 Million On Bitcoin… And Lost It All Again"

"How I Made $1 Million On Bitcoin… And Lost It All Again"

Authored by Peter McCormack via The Guardian, “I got caught up in the hype. Then the bubble burst …I kept thinking, there’s no point selling now…” Until 2016, I ran an advertising agency in London. At our peak, we were highly successful; I had a team of 35 people, a £3m turnover and a Covent […]

EU Officials Reportedly Willing To Delay Brexit For 'Many Months'

EU Officials Reportedly Willing To Delay Brexit For 'Many Months'

As conflicting reports about the EU27’s willingness to compromise keep hitting the tape (Ireland’s prime minister has said there’s no room to negotiate or add any limits to the Irish backstop, but elsewhere officials appear to be open to the idea of some more concessions), Continental leaders are reportedly stepping up their planning for Brexit […]

China To US Navy Chief: Army Will Defend Taiwan Claims "At Any Cost"

China To US Navy Chief: Army Will Defend Taiwan Claims "At Any Cost"

A rare and under-reported tense exchange occurred between US and Chinese military commanders in Beijing on Tuesday. A high level Chinese military official, General Li Zuocheng, told the head of the United States Navy, Admiral John Richardson, in a face to face meeting that Beijing would defend its claim to Taiwan “at any cost”.  “The Taiwan issue is an internal […]

PG&E's Massive Risk Management Fail – Intent Or Ignorance?

PG&E's Massive Risk Management Fail – Intent Or Ignorance?

Via Macro-Man blog, There’s a saying that goes “mistakes are the tuition of learning”. The PG&E case in California is rife with risk management lessons where we can learn from the mistakes of others while they pick up the tab. A big story in the financial news lately is the significant liabilities incurred by Pacific […]

WeWork CEO Exposed For Buying Buildings And Leasing Space To His Own Company

WeWork CEO Exposed For Buying Buildings And Leasing Space To His Own Company

When Saudi Arabia and Abu Dhabi successfully dissuaded the SoftBank Vision Fund from buying a majority stake in WeWork for $16 billion, CEO Adam Neumann lobbed a Trump-style smoke bomb at the news cycle by subsequently announcing that the company was changing its name to “The We Company” in recognition of its expanded vision – […]

Trump "Disinvited" From Making State Of The Union Address By Top Democrat

Trump "Disinvited" From Making State Of The Union Address By Top Democrat

Update: Speaking with CNN, House Majority Leader Rep. Steny Hoyer said that President Trump has been “disinvited” from making the state of the union address.  CNN’s @KateBolduan asks the House Majority Leader; “The letter sounds like she’s asking, but isn’t she just telling him?” Rep. Hoyer: “The speaker is the one who invites the president…” Kate: “So, […]

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