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          WSJ report details Apple and Qualcomm relationship, hostile meeting between CEOs      Comment   Translate Page      
The legal battle between Qualcomm and Apple has grown increasingly tense since it began in early 2017. A new report from The Wall Street Journal explores how and why the legal battle escalated, with a particular focus on the hostile relationship between Qualcomm CEO Steve Mollenkopf and Apple CEO Tim Cook. The report describes a […]
          Tom Lee's Bitcoin Misery Index Hits Highest Value Since 2016 In Possible Bull Signal      Comment   Translate Page      

Authored by Mari Huillet via CoinTelegraph.com,

Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee revealed on April 11 that his “Bitcoin Misery Index” (BMI) recently hit its highest figure since June 2016. He suggested the data could be a good or a bad sign.

image courtesy of CoinTelegraph

The BMI — which Lee designed with the aim of informing investors of how “miserable” Bitcoin (BTC) holders are based on the coin’s price and volatility — reportedly hit a value of 89 on April 2. The Index assigns a value of 100 to positive sentiment and 0 to outright misery.

Historical BMI chart 2011-2019, with Tom Lee’s analysis. Source: Thomas Lee’s Twitter, April 11

According to Lee, the fact that Bitcoin has reported its highest reading since June 2016 provides a mixed signal. He proposed two interpretations of the index, writing that:

“Good--> Since 2011, BMI >67 only seen during $BTC bull markets. More evidence bull starting. Bad --> BMI >67 after peak, $BTC falls ~25% = Profit taking ST.”

In a further tweet in the same thread, the strategist argued that “the main takeaway is that BMI reaching 67 is further evidence the bear market for Bitcoin likely ended at $3,000.”

As Cointelegraph has previously reported, Lee — a well-known Bitcoin bull — has used the BMI as a measure of investor sentiment as well as to assess Bitcoin’s price resilience and immediate prospects since he first launched the index in March 2018.

Bitcoin is currently up half a percent on the day and is trading around $5,079 by press time, having hit a multi-month price high of over $5,420 earlier this week on April 10.


          "You Are Here..."      Comment   Translate Page      

Excerpted from John Hussman's Weekly Market Comment,

There are three principal phases of a bull market: the first is represented by reviving confidence in the future of business; the second is the response of stock prices to the known improvement in corporate earnings, and the third is the period when speculation is rampant – a period when stocks are advanced on hopes and expectations.

There are three principal phases of a bear market: the first represents the abandonment of the hopes upon which stocks were purchased at inflated prices; the second reflects selling due to decreased business and earnings, and the third is caused by distress selling of sound securities, regardless of their value, by those who must find a cash market for at least a portion of their assets.
– Robert Rhea, The Dow Theory, 1932

Charles Dow once wrote, “To know values is to know the meaning of the market.” That quote may surprise trend-followers and adherents of technical analysis, because Dow’s work is often squeezed into a caricature focusing on nothing more than confirmation and divergence across the Dow Jones Industrial and Transportation averages. But Dow’s actual views, best elaborated by writers like Robert Rhea and William Peter Hamilton, were actually about something much more fundamental: identifying the position of the market in its complete bull-bear cycle. That’s a concept that investors have forgotten, encouraged by the illusion that the Federal Reserve’s buying of Treasury bonds is capable of saving the world from any form of discomfort. That illusion is likely to prove costly.

Probably the most useful exercise we can do at present is to examine where the markets and the U.S. economy are in their respective cycles – with 19 charts and detailed analysis.

The recent bull market clocked in as the longest in history. Even if the September 20, 2018 peak in the S&P 500 was the final high, the preceding advance outlived the 1990-2000 bull market by nearly 8 weeks. Likewise, the current economic expansion is just 3 months shy of the record 10-year expansion that ended in early 2001, the unemployment rate is down to just 3.8%, the entire post-crisis gap between actual real GDP and the CBO estimate of potential real GDP has been eliminated, and the expansion has already outlived the previous runner-up, which ran from 1961 to the end of 1969.

Meanwhile, based on the valuation measures we find best-correlated with actual subsequent market returns across history, the current market extreme already matches or exceeds those of the 1929 and 2000 peaks. There’s little question that the market is long into what Rhea described as the final phase of the bull market; “the period when speculation is rampant – a period when stocks are advanced on hopes and expectations.”

As I’ll detail below, the economic expansion we’ve observed since the 2009 economic low has been a rather standard mean-reverting recovery, with a trajectory no different than could have been projected on the basis of wholly non-monetary variables. The primary effect of extraordinary monetary policy wasn’t to drive real economic gains, but instead to amplify speculation and contribute to wealth and income disparities. Wages and salaries as a share of GDP are clawing higher from the historic low set in 2011, but have only begun to erode the elevated profit margins on which Wall Street is basing its permanent hopes and expectations.

Aside from historic extremes in the valuation measures best correlated with actual subsequent market returns, one measure of these hopes and expectations is that in 2018, according to the Financial Times, 81% of U.S. companies that went public reported losses in the 12 months before their initial public offerings, matching the high-water mark set at the height of the dotcom bubble (h/t Hadi Taheri). It’s the same kind of spectacle that Rhea described nearly a century ago, when he wrote:

“Worthless equities were being sky-rocketed without regard for intrinsic worth or earning power. The whole country appeared insane on the subject of stock speculation. Veteran traders look back at those months and wonder how they could have become so inoculated with the ‘new era’ views as to have been caught in the inevitable crash. Bankers whose good sense might have saved the situation, had speculators listened to them, were shouted down as deconstructionists, while other bankers, whose names will go down in history as ‘racketeers,’ were praised as supermen.”

Still, while it was important to Dow, Rhea, and Hamilton to understand valuations, and to recognize the position of the market in the cycle, they were also carefully focused on the behavior of prices, particularly the uniformity of behavior between their primary indices of interest – the Dow Industrials and Transports. While our own measures of market internals focus on the uniformity of a much broader set of securities, it’s enormously instructive to consider several critical features of market behavior that they understood even a century ago.

  • First, market fluctuations exhibit cycles that move between periods of extreme optimism and periods of profound despair.

  • Second, the extremes of each cycle are characterized by unusually elevated or depressed valuations, and these valuations comprise the true “meaning” of the market for investors.

  • Third, the speculative pressure toward higher prices, and the downward pressure toward lower prices, can be largely gauged by the “uniformity” of behavior across various groups of securities.

  • Fourth, it is enough to identify prevailing conditions and respond to them as they change, without any need to predict the extent or duration of a subsequent market movement.

Consider the situation in mid-1929, when, as the market pushed to obscenely rich valuations, Hamilton acknowledged the uniform behavior of the Dow averages, while also carefully placing the advance in a full-cycle context. That uniformity suggested that investors had taken the speculative bit in their teeth, despite the fact that the bull market, in hindsight, would reach its peak only a few weeks later.

“It goes without saying that the stock market, which has advanced with merely secondary reactions for five years and eight months, is almost necessarily in the third or last stage of such a movement, where stocks do not carry themselves on the dividend return, for the most part, and where sanguine expectations of the future exercise a greater influence than immediate results. All that the averages say when they give such a bull point as that of June 29 [when the Dow averages breached their previous May highs] is that stocks are due for a further advance. They do not predict the extent of that advance.”

The 1929 peak occurred on September 3rd of that year, followed immediately by a steep, waterfall decline. Hamilton’s confirmation of a “turn in the tide” was published the next month, on October 25, 1929, the Friday before Black Monday. By then, the Dow was already 20% off its high (that’s what safety nets and tail-risk hedges are for). The Dow would lose an additional 86% before setting its final low in 1932.

We presently have a financially disfigured economic expansion that’s three months shy of the longest in history, where the unemployment rate is down to 3.8%, and the most reliable measures of stock market valuation again rival the hypervalued extremes of 1929 and 2000. In this context, to call for an immediate 50 basis point rate cut and a resumption of quantitative easing from the Fed seems a frantic strategy to keep a hypervalued market and two-tiered economic “prosperity” in suspended animation.

In a hypervalued market, we do not need to embrace market risk as a result of speculative pressures, but we have to defer an overtly bearish investment outlook on immediate market direction. All of this effort to jam the speculative bit back into the horse’s teeth requires us to adopt a rather neutral outlook here, until we observe fresh deterioration in market internals. Given the late-stage condition of the financial markets and the economy, my sense is that, as in 1929, they may just run this poor horse straight up and over the cliff.

We’ll respond to shifts in valuations and market action as they emerge, so forecasts aren’t actually necessary. Still, full-cycle risks have a way of emerging in ways that investors wholly rule out at market peaks. Glorious half-cycle market advances leave investors vulnerable to catastrophe, because investors hold contempt for anyone who suggests there may be a cliff on the other side of the mountain.

Still, recall that I openly anticipated the 2000-2002 collapse (which wiped out the entire total return of the S&P 500 – over and above T-bill returns – all the way back to May 1996), estimated an -83% loss in tech stocks at their March 2000 peak (which rather improbably matched the actual loss of the tech-heavy Nasdaq 100), and, after a constructive shift in early 2003, projected the 2007-2009 collapse (which wiped out the entire total return of both preceding bubbles – over and above T-bill returns – all the way back to June 1995). The distressing thing is that, from a historical perspective, all of those losses were rather run-of-the-mill cycle completions.

Understanding potential downside risk at a market extreme has a way of concentrating the mind. If I were to offer a guess, I’d suggest that regardless of whether the S&P 500 registers fresh near-term highs, investors should allow for the S&P 500 to be perhaps -30% lower by the end of 2019, on the way to losing an additional -50% of its remaining value over the rest of the down-cycle. That, after all, is how a market loses -65% of its paper value. That’s not so much a forecast as a base case. A -65% loss, unfortunately, would presently represent a run-of-the-mill cycle completion from current valuation extremes. As I observed at the 2000 peak, “If you understand valuations and market history, you know we’re not joking.”

... the investors at greatest risk in the coming years will likely be those who take solace from Fed easing in environments where valuations are extreme yet investors are inclined toward risk-aversion. It will be necessary to refrain from too negative an outlook when overvaluation is joined by speculative psychology, and also to refrain from too aggressive an outlook when reasonable valuations are still joined by extreme risk-aversion. In any event, I expect that responding systematically to valuations and market action, particularly the condition of market internals, will be sufficient to navigate whatever policy makers throw at the markets.

Read more here...


          Giá vàng tuần 15-19/4 tăng hay giảm, xem chuyên gia nói gì?      Comment   Translate Page      

Wall Street khá phân hóa về hướng đi ngắn hạn của giá vàng, trong khi Main Street vẫn lạc quan về thị trường, theo khảo sát vàng hàng tuần của Kitco News. Khảo sát giá vàng hàng tuần của Kitco 16 chuyên gia thị trường đã tham gia vào cuộc khảo sát Phố Wall. Dự […]

The post Giá vàng tuần 15-19/4 tăng hay giảm, xem chuyên gia nói gì? appeared first on Giavang.net.


          First-run movies at home for the super-rich      Comment   Translate Page      

Fred Rosen, the retired Ticketmaster tycoon, was eating a melted ham-and-brie sandwich at the exclusive San Vicente Bungalows in West Hollywood and spouting forth about belts.

Yes, what people use to hold up their pants. You can buy one at Walmart for $4, he noted. Or you can get one at Gucci for $1,500.

“Every product I can think of has a luxury version, which got me thinking,” Rosen said. “Why not movies?”

It’s an idea that has captivated one entrepreneur after another over the years: For a high price, allow tech billionaires, Wall Street titans, professional athletes, Russian oligarchs and other ultra-wealthy people to rent movies — as soon as they come out in theaters — for viewing at home. Think of it like Netflix for 1-percenters. But such upstarts have always sputtered, including one backed by Best Buy in 2013 that charged $500 per movie on top of $35,000 in setup costs. Film studios, fearful of angering theater chains, have been reluctant to participate. Piracy has also been a concern.

Rosen, 75, and a septuagenarian golfing buddy, Dan Fellman, who is Hollywood’s foremost film distribution expert, may have finally figured out how to make it work. They have quietly founded Red Carpet Home Cinema, which rents first-run films for $1,500 to $3,000 each. Red Carpet has contracts with Warner Bros., Paramount, Lionsgate, Annapurna and Disney’s 20th Century Fox and Fox Searchlight divisions — resulting in some 40 movies annually, including blockbusters like “Aquaman” and “A Star Is Born.”

Those partnerships reflect entertainment-industry relationships that Rosen and Fellman have cultivated over decades. Most studios do not see them as disrupters from Silicon Valley, something that has stalled startups like Screening Room, which has tried without success since 2016 to speed first-run...


          Mnuchin says hopes U.S.-China trade talks nearing 'final round' - Reuters      Comment   Translate Page      
  1. Mnuchin says hopes U.S.-China trade talks nearing 'final round'  Reuters
  2. Mnuchin Says U.S. Open to Facing Penalties in China Trade Deal  Bloomberg
  3. Mnuchin Says Trade Talks Near Final Round  The Wall Street Journal
  4. View full coverage on Google News

          IPO Uber conviene? Il negativo precedente di Lyft      Comment   Translate Page      
Tutto pronto per l'IPO di Uber a Wall Street. La società Uber Technologies Inc. ha reso noto di aver presentato domanda di quotazione sulla borsa Usa alla SEC, la Securities and Exchange Commission. Stando alle previsioni i numeri dell'IPO di Uber saranno da capigiro tanto che il collocamento delle azioni Uber (questa la sigla delle azioni) finalizzato allo sbarco in borsa si configura come l'operazione più importante dai tempi di Facebook. In poche parole la quotazione della Uber Technologies Inc. di San Francisco, società attiva nel settore del trasporto automobilistico privato attraverso l'uso di un'applicazione mobile, sarà certamente destinata ad entrare nella storia come avvenne a suo tempo con lo sbarco delle azioni del noto social network.  Mentre cresce l'attesa per conoscere quelli che saranno i dettagli della quotazione, a partire dal range di prezzo delle azioni Uber, in tanti si stanno chiedendo se aderire all'operazione di collocamento sarà conveniente o meno. In assenza di informazioni su prezzi e livello di capitalizzazione, non si può ovviamente dare una risposta a questa domanda. Se si resta più sul generale, invece, è possibile fare alcune considerazioni. Quella di Uber non sarà la prima IPO di società attive nel trasporto auto tramite l'uso di applicazione mobile. Questo primato, infatti, spetta già alla rivale Lyft Inc. società che venne collocato a Wall Street a 72 dollari per azione. Purtroppo oggi le azioni Lyft passano di mano sul listino della borsa americana ad un prezzo decisamente più basso. Ad esempio nella seduta di ieri 11 aprile, le quotazioni Lyft sono scese a 61,01 dollari. Siamo oltre 10 dollari più in basso del prezzo al momento dell'IPO. Se si guarda questo precedente, quindi, c'è poco da stare sereni. Tuttavia è anche imporante considerare quello che è il rapporto di proporzioni tra Uber e Lyft. Quest'ultima ha chiuso lo scorso anno fiscale con in fatturato peri a 11,3 miliardi di dollari mentre Uber è stat recentemente valutata in area 100 miliardi di dollari bel al di sopra dell'attuale capitalizzazione di mercato di Lyft che arriva a appena a 20,59 miliardi. Uber è 5 volte Lyft e questo non è un dato da trascurare. Per quello che riguarda il collocamento delle azioni Uber (quindi l'IPO vera e propria), l'operazione verrà supportata da ben 30 banche. Capofila del collocamento saranno Morgan Stanley e Goldman Sachs. Anche il numero delle banche facenti parte del team di supporto è indicativo dell'importanza dell'IPO Uber. 
          S&P 500 notches 3rd straight weekly gain as US stocks rally      Comment   Translate Page      
Stocks notched solid gains on Wall Street Friday, erasing most of the losses the market sustained after an uneven week of trading.The strong finish ga...
          My Email to the Sleazy, Backstabbing POS in the WH, Zion Don.      Comment   Translate Page      
Click your shoes together and keep repeating "Israel is our friend and ally, Israel is our ..."

Thought it was time to vent my frustrations with the WORST president in US history, the Israeli ass-kissing backstabbing greedy, worthless POS, 'Zion Don,' AKA Donald Trump.
That Tubby the Grifter was a lying, thieving con artist I knew before he ran for president. Didn't realize how much of an Israeli ass-kissing backstabbing greedy, worthless POS Donny Drump was and still is.

He's broken nearly all every campaign promise to America, violating his oath of office numerous times to Americans, but doing every thing he can for Israel;
Here's the email sent this past week to the WH:
Mr. Trump:

You'll notice that I didn't use the traditional, honorific title of Mr. President, since the word president should only be consigned to someone honorable, loyal, dedicated to America and a decent man, qualities which you DON'T have.

You ran on the slickly designed 'MAGA' platform, giving hope to desperate Americans who are watching their nation's infrastructure fall down around their ears, since not nearly enough money has been dedicated to maintaining that infrastructure. Why? Because every president, at least since JFK was assassinated by Deep State types, has been shoveling tons of money and tons of free weaponry to Israel, including a bottom-feeding POS like you.

That you were a con artist I knew before you ran, but not many did, and now they're paying a terrible price for voting for a Israeli ass-kissing clown like you.

So I have 2 questions: After a long, arduous day of kissing Israeli ass, your lips must be chapped and sore, so what kind of lip motion do you use to get your lips nice and smooth, so they'll be ready for the next day of Israeli ass-kissing? I'm sure your boss, Bibi, demands that your lips stay soft and pliable so that when you plant a big, wet smoochie on his stinking ass, it will fell like his ass is being touched by angel wings.

Question #2: You're allegedly the author of the "The Art of the Deal." So please tell me what kind of deal is an art when you act like Israel's real estate agent and give away what you have NO right to, like Jerusalem and the stolen Golan Heights? My guess is that either the Mossad has some very nasty tapes of you on Epstein's Orgy Island and you're being blackmailed, but more likely, you know if you keep kissing Israeli ass, when you leave the WH, your multi-billion dollar fortune will have at least doubled.

So I'll end this by telling you the truth: You're nothing more than a back-stabbing, Israeli ass-kissing traitor who doesn't give a rat's ass about the Americans you took an oath to protect and help.

I don't know if there is a Hell, but if there is, after you leave this plane of existence, I know where you'll reside.

Goodbye ASSHOLE

Greg Bacon

'Zion Don' is a crafty con artist, but the obvious fact that you or your shell companies went bankrupt SIX--magical Kabbalah number--times as a multi-billionaire reeks of foulness.

One doesn't operate in NYC with Wall Street (((banksters))) unless they're playing the long con and now the chits are due and you're servicing your Israeli and American Jew Masters terrifically, while you ignore that America's infrastructure is falling down around our ears, like the recent Missouri River dam that burst and wiped out farmers in Nebraska and Iowa, mainly due to lack of maintenance.

Or maybe of those Mossad CCTV recordings, made while you visited your Buddy Jeff Epstein on what would become to known as 'Orgy Island' are so disgusting and filthy that you'd do ANYTHING to keep that out of the (((MSM)))?

Or maybe your religion is Mammonism and you'd do ANYTHING to increase your wealth, and a heartless, soulless, murderous POS traitor like you, should be no problem how many Americans--who you swore to protect--get fucked big time, anything for your Israeli/American Jew buddies, right?

Any comment Zion Don, or is your mouth too busy smooching some multi-billionaire like Sheldon Adelson?

Or maybe you're just a total dumbass, who brags about the "The Art of the Deal," who gives away stolen land to Israel, land that he has not

Remember what your Mother taught you, never speak while you have a mouth full of food, in this case, Kosher approved cock, Donny Drumpf.

P.S. If I go offline suddenly, you'll now why.





          The Wall Street Journal: Treasury’s Mnuchin says U.S.-China talks getting close to ‘final round of concluding issues’      Comment   Translate Page      
Treasury Secretary Steven Mnuchin says the U.S. and China are continuing to make progress on trade talks and “getting close to the final round of concluding issues.”

          Re: Public Opinion About Assange      Comment   Translate Page      

Americans are garbage people. Who cares what they think. Americans are ruled by Wall Street! Hopefully, if there is a God, He realizes his mistake and cleans it all up; because it makes him look Bad. And, Trump is a prime example of that Garbage; because HE "colluded" ( the idiots actually have collusion here) with Julian ( using his site) and disseminated treasonous facts in his presidential campaign. Only a total idiot could do that and then condemn his source! Trump supported Julian when it was Good for Trump. So .. Like I said, Americans are Garbage.


          Pratt’s post for 4/8/2019      Comment   Translate Page      
Items that make the show stack or upon which I wish to comment or simply news of Texas I think it important to know: Wall Street Journal Calls Out Texas’ Soaring Property Tax Bills Here’s how different proposals at the Texas Capitol could change property tax bills Advocate’s actions kill bill allowing no-permit gun carry, […]
          Το Facebook θέλει να "κυκλώσει" την Αφρική με δεδομένα - [Thesstoday.gr]      Comment   Translate Page      
Image

Είναι γνωστό ότι το Facebook βλέπει την Αφρική σαν ένα ακόμη πεδίο επέκτασης του δημοφιλέστερου μέσου κοινωνικής δικτύωσης, ωστόσο για να το πετύχει αυτό ίσως χρειαστεί να "κυκλώσει" ολόκληρη την ήπειρο. Σύμφωνα με δημοσίευμα της Wall Street Journal, το Facebook σχεδιάζει την εφαρμογή ενός...


          Το Apple Music ξεπερνά σε συνδρομητές το Spotify στις ΗΠ      Comment   Translate Page      
Σύμφωνα με τα στοιχεία της Wall Street Journal, το Apple Music ξεπερνά σε αριθμό συνδρομητών το Spotify κατά 2 εκατομμύρια συνδρομητές.   Οι επί πληρωμή συνδρομητές του Apple Music φτάνουν σε αριθμό τα 28 εκατομμύρια, σύμφωνα με τα όσα αναφέρει σε άρθρο της η Wall Street Journal, ένας αριθμός που δείχνει ότι η τελική απόφαση […]
          Mnuchin Says U.S. Open to Facing Penalties in China Trade Deal - Bloomberg      Comment   Translate Page      
  1. Mnuchin Says U.S. Open to Facing Penalties in China Trade Deal  Bloomberg
  2. Mnuchin Says Trade Talks Near Final Round  The Wall Street Journal
  3. Mnuchin says hopes U.S.-China trade talks nearing 'final round'  Reuters
  4. Mnuchin Says China Trade Talks Are Nearing Final Round  The New York Times
  5. View full coverage on Google News

          Facebook investors launch desperate bid to oust Mark Zuckerberg - Mashable      Comment   Translate Page      
  1. Facebook investors launch desperate bid to oust Mark Zuckerberg  Mashable
  2. Facebook's activist shareholders are making another dramatic bid to oust Mark Zuckerberg and abolish the firm's share structure  Business Insider
  3. It cost Facebook $22 million to keep Mark Zuckerberg safe last year  CNN
  4. Facebook Shakes Up Board: Erskine Bowles, Reed Hastings to Step Down  Wall Street Journal
  5. Facebook Shakes Up Board, Dings Exec Who Once Threatened Peter Thiel For Supporting Trump  The Daily Caller
  6. View full coverage on Google News

          Sala comercial para venda, Setor Oeste, Goiania      Comment   Translate Page      
130000
Ed. Wall Street Center, próximo do Tribunal de Justiça do Estado de Goiás. A sala já está com acabamento completo, pronta para uso: teto rebaixado com luminárias; mobília para escritório; lavabo; 01 vaga de garagem coberta. Grande opção para uso...
1 banheiros garagem
Thu, 11 Apr 2019 11:33:36 -0400
          RPT-Disney sees ESPN+ reaching up to 12 mln subscribers by 2024      Comment   Translate Page      

RPT-Disney sees ESPN+ reaching up to 12 mln subscribers by 2024ESPN+, Walt Disney Co's sports video streaming service, could attract between 8 million and 12 million paying subscribers by the end of the fiscal 2024 year, the company said on Thursday. Disney's forecast for significant growth in paying customers in the next few years was disclosed in a presentation of its streaming video strategy to Wall Street. Operating losses for ESPN+ are expected to be $650 million annually in both fiscal 2019 and 2020, Disney's chief financial officer, Christine McCarthy, said during an investor day webcast presentation.



          Online Read Ebook Asymmetry      Comment   Translate Page      

Asymmetry by Lisa Halliday Book details Title: Asymmetry Author: Lisa Halliday Pages: 304 Format: PDF / EPUB / MOBI ISBN: 9781501166785 Publisher: Simon & Schuster Description Asymmetry: A Novel by Lisa Halliday The bestselling and critically acclaimed debut novel by Lisa Halliday, Asymmetry, hailed as “extraordinary” by The New York Times, “a brilliant and complex examination of power dynamics in love and war” by The Wall Street Journal, and “a literary phenomenon” by The New Yorker. Told in three distinct and uniquely compelling sections, Asymmetry explores the imbalances that spark and sustain many of our most dramatic human relations: inequities in age, power, talent, wealth, fame, geography, and justice. The first section, “Folly,” tells the story of Alice, a young American editor, and her relationship with the famous and much older writer Ezra Blazer. A tender and exquisite account of an unexpected romance that takes place in New York during the early years of the Iraq War, “Folly” also suggests an aspiring novelist’s coming-of-age. By contrast, “Madness” is narrated by Amar, an Iraqi-American man who, on his way to visit his brother in Kurdistan, is detained by immigration officers and spends the last weekend of 2008 in a holding room in Heathrow. These two seemingly disparate stories gain resonance as their perspectives interact and overlap, with yet new implications for their relationship revealed in an unexpected coda. A stunning debut from a rising literary star, Asymmetry is “a transgressive roman a clef, a novel of ideas, and a politically engaged work of metafiction” (The New York Times Book Review), and a “masterpiece” in the original sense of the word” (The Atlantic). Lisa Halliday’s novel will captivate any reader with while also posing arresting questions about the very nature of fiction itself. Links for download book Available formats: PDF / EPUB / MOBI CLICK HERE FOR DOWNLOAD EBOOK Available in epub, pdf and mobi format PDF Asymmetry by Lisa Halliday EPUB Download, reviewed by readers. Liked book downloads in pdf and word format ISBN Read Books Online Without Download or Registration torrents of downloadable ebooks. Novels - upcoming PDF Asymmetry by Lisa Halliday EPUB Download. Novels - upcoming EPUB Asymmetry By Lisa Halliday PDF Download. New Asym
          A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (12th Edition)      Comment   Translate Page      
#source%3Dgooglier%2Ecom#https%3A%2F%2Fgooglier%2Ecom%2Fpage%2F2019_04_14%2F284276\
Название: A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (12th Edition)
Автор: Burton G. Malkiel
Издательство: W. W. Norton & Company
Год: 2019
Формат: EPUB
Страниц: 432
Для сайта: Mirknig.su
Размер: 13,4 Mb
Язык: English

With the prevailing wisdom changing on an almost daily basis, Burton G. Malkiel’s reassuring and vastly informative volume remains the best investment guide money can buy.
In a time of increasing inequality, when high-frequency traders and hedge-fund managers seem to tower over the average investor, Burton G. Malkiel’s classic and gimmick-free investment guide is now more necessary than ever. Rather than tricks, what you’ll find here is a time-tested and thoroughly research-based strategy for your portfolio. Whether you’re considering your first 401k contribution or contemplating retirement, this fully-updated edition of A Random Walk Down Wall Street should be the first book on your reading list.
           Comment on The Definition Of American Prosperity Needs An Adjustment by Socem       Comment   Translate Page      
I am also a refuge who left a deeply impoverished part of the United States for a chance of basic survival. But I ended up in a third world country instead of Western Europe. Anyway, even in Europe the Democratic Socialist model came in as a bulwark against proletarian revolution. It's easy to forget now, but in the early twentieth century the appeal of the October Revolution was huge. There were major revolts in Finland, Hungary and even Germany. Finland went the Soc-Dem route. We know what the route they took in Germany. The thing is, the tendency of the rate of profit to fall means the Dem-Soc model can only last for so long. Austerity is becoming a reality even in the Nordic countries. As a part of that drive to roll back the portion going to working people, right wing extremists are now again on the move in Europe and taking government seats all across the continent. This is all related. Even in the dog-eat-dog US, there is a huge drive against "entitlement" which apparently means the horrors of people getting back social security money they paid to the government or pensions that the bosses agreed to pay. Alan Greenspan just published a long piece arguing that unless the "entitlement programs" -- weak as they are comparatively speaking -- are done away with, the US economy will collapse again. As he points out all the hubbub about "growth" is mainly financial speculation fluff. Every 10 point growth on Wall Street leads to less than a 1 percent increase in GDP. And we all know that even GDP is a seriously flawed measure. Look at the factories. If they're idle, there's a storm a brewing!
          ‘Soundtrack of America’ Review: Artists of the Future Look to the Past - The Wall Street Journal      Comment   Translate Page      
‘Soundtrack of America’ Review: Artists of the Future Look to the Past  The Wall Street Journal

New York. You have to credit the organizers behind “Soundtrack of America,” the five-night concert series that serves as the opening pop music event in the ...


          Congressman Sets April 23 Deadline for Trump Tax Returns - The Wall Street Journal      Comment   Translate Page      
  1. Congressman Sets April 23 Deadline for Trump Tax Returns  The Wall Street Journal
  2. Here's who's winning under Trump's tax law  CNN
  3. House Democrats increase demands for Trump tax returns, setting up potential court fight  Fox News
  4. Trump's odd behavior is reason enough to compel disclosure of his tax returns  Los Angeles Times
  5. Jenny Beth Martin: Trump is right to withhold his tax returns from Democrats  Fox News
  6. View full coverage on Google News

          Money Makers: 50 Companies Hiring Professional Part-Time Job from FlexJobs      Comment   Translate Page      
According to a recent FlexJobs’ survey, more people reported being interested in a part-time schedule (47%) than being interested in freelance work (41%). Currently, about 17% of the U.S. workforce is engaged in part-time work. To help job seekers interested in finding career-level jobs with part-time hours, today FlexJobs released a list of the top 50 companies hiring for professional part-time jobs. This list is based on an analysis of over 51,000 companies and looks specifically at their part-time job posting histories in FlexJobs’ database during the first quarter of 2019 (January 1 through March 31).
Education, finance, and healthcare are the most well-represented industries featured on this list of companies with strong part-time hiring activity so far in 2019. The job opportunities at these companies include all career levels, both employee and freelance options, and options for hours varying from just a handful to 35 hours a week.
“Today there are a wide variety of part-time jobs available to people across education and career levels, and found within many different industries,” said Sara Sutton, Founder and CEO of FlexJobs. “To demonstrate this variety, current part-time job listings include medical director, tutor, administrative assistant, director of communications, editor, client relations specialist, and social worker.  A part-time job can be an ideal work arrangement for workers wanting to continue their careers, explore new types of work, grow their professional networks, earn income, or pursue their passions, but are not able to commit to a full-time schedule,” Sutton concluded.
Many of these companies were also top employers for remote-friendly jobs, having been included in FlexJobs’ 2019 Top 100 Companies for Remote Jobs list.  For the complete list of the top 50 companies to watch for professional part-time jobs in 2019, visit: https://www.flexjobs.com/blog/post/companies-hiring-for-part-time-jobs/
For more information, contact Kathy Gardner at kgardner@flexjobs.com.
About FlexJobs
FlexJobs is committed to helping people find a better way to work. As the leading online service for professionals seeking remote, flexible schedule, part-time, and freelance jobs, FlexJobs offers opportunities in over 50 career categories, ranging from entry-level and executive to freelance and full-time. FlexJobs sets itself apart by providing job seekers with a better, safer, and more efficient way to find professional and legitimate flexible jobs and by offering one-on-one career coaching for the flexible job search. Having helped over 3 million people in their job searches, FlexJobs has appeared in CNN, CNBC, Time, Forbes, the Wall Street Journal, Fast Company, and hundreds of other trusted media outlets. To further assist people in bettering their lives through flexible and remote work, FlexJobs' founder and CEO, Sara Sutton, has also launched two additional partner sites, Remote.co and 1 Million for Work Flexibility, to help provide education and awareness about the viability and benefits of remote working and work flexibility. Sutton is also the creator of The TRaD* Works Forum (*Telecommuting, Remote, & Distributed), dedicated to helping companies leverage the benefits of telecommuting, remote, and distributed teams.

          Saudis bankroll Haftar offensive to seize Tripoli      Comment   Translate Page      
Libyan Field Marshal Khalifa Haftar received a pledge from Saudi Arabia of tens of millions of dollars to bankroll a military offensive to seize the capital of Tripoli and oust the nation's internationally recognised government, according to a report published by the Wall Street Journal on Friday. The offer came during a visit to Saudi Arabia that was just one of several meetings Haftar had with foreign dignitaries in the weeks and days before he began the military campaign on April 4, the report said. While the United States and the European Union have called on Haftar to avoid military conflict, other powers have provided weapons, funds and other support that have aided Haftar's quest to take control of the oil-rich Libya, the report said. Haftar leads the strongest of multiple armed factions that have carved up much of eastern Libya following a US- and EU-backed Islamist uprising that overthrew and killed long-time leader Muammar Gaddafi in 2011. Haftar is attempting to unify...
          Euro rose from the ashes      Comment   Translate Page      

Despite all the attempts of Mario Draghi to drown the euro, EUR/USD bulls managed to finish the second week of April in the green zone. The vulnerability of the main competitor and positive news from China's inflation and the trade balance, as well as from European industrial production, allowed the main currency pair to consolidate above the base of the 13th figure. Buyers do not intend to stop, hinting that it is time to put an end to the upward trend in the USD index.

At a time when the US economy slows down and the Fed intends to keep the federal funds rate at least until the end of 2019 (according to a consensus assessment of the Wall Street Journal experts, it will not change until 2021), practically nothing depends on the US dollar. It is forced to go with the flow and react to the behavior of other currencies and central banks. In order to resume the normalization cycle, the Fed needs very strong statistics. And how to get it, if the effect of the fiscal stimulus disappears, and the IMF predicts a decline in US GDP growth rates to 2.3% (the Fed forecast + 2.1%). The White House still believes in magical + 3%, but this requires either a new tax reform, or a reanimation of QE, or a weak dollar. The latter option is perhaps the most realistic for Donald Trump, which reduces the risks of a large-scale trade war between the US and the EU because in this situation the USD index will go up again.

For a long time, "American" were afraid to sell because of the weakness of its competitors. Nevertheless, a positive from European business activity and industrial production returned interest in buying EUR/USD. If the economy of the currency bloc groped for the bottom, and the Chinese data would stretch a helping hand to it, then why not increase the share of the euro in investment portfolios? In this regard, the release of data on the GDP of China for the first quarter and for the indexes of purchasing managers in the eurozone in April can disperse the upward movement of the main currency pair. Unless, of course, there are no unpleasant surprises.

Dynamics of European business activity and GDP

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One of them may come from the States, which intend to impose duties on imports of aircraft and other goods from the EU due to non-market subsidies to Airbus. There are rumors in the market about the start of a new trade war, but in fact, in this way, Donald Trump may push Brussels to negotiate the abolition of tariffs on industrial goods. If the parties agree, this will improve the position of international trade, and in fact, its slowdown, according to the IMF, has become the main brake on global GDP. The authoritative organization lowered the forecasts for economic growth in the eurozone from 1.6% to 1.3% in 2019, however, as often happens, the worse the estimate, the more reasons for joy if it is exceeded.

Technically, the second false breakdown of the lower limit of the medium-term consolidation range of 1.125-1.15 testifies to the weakness of the "bears" in EUR/USD. If the opponents manage to return the quotes to the middle of the trading channel and activate, thus, the "Deception-Release" pattern, the risks of continuing the rally in the direction of the "Wolfe waves#source%3Dgooglier%2Ecom#https%3A%2F%2Fgooglier%2Ecom%2Fpage%2F2019_04_14%2F297880" target will increase.

The material has been provided by InstaForex Company - www.instaforex.com
          #268: From Legends of Tomorrow, actor Adam Tsekhman is here with the lowdown on his time-traveling, fan-fave character, Gary Green!      Comment   Translate Page      
From Wall Street whiz kid to superhero sidekick! The funny and fantastically-talented Adam Tsekhman drops by to talk about how he gave up a career in finance to become an actor – leading to his Legends of Tomorrow fan-fave character, Gary Green. Things are about to get time-trippy! Photo courtesy Charles Zuckermann Images TM & […]
          Grattan on Friday: In this campaign, Morrison won’t be wearing gloves like Turnbull did in 2016      Comment   Translate Page      
Michelle Grattan, University of Canberra The Wall Street Journal carried the announcement of Australia’s May 18 poll with the rather cruel headline “Australia to Pick Its Next Leader—With an Election”. It was a sharp reminder (if anyone needed one) of how appalling federal politics has been – and what it looks like to outsiders, as […]
          Collins: 'Disgusting' for Dems to Attack AG Barr Because They Don't Like Mueller Probe's Outcome      Comment   Translate Page      
Rep. Doug Collins (R-Ga.) said Friday on "America's Newsroom" that Attorney General William Barr does not deserve to be attacked by Democrats who are disappointed with the findings of Special Counsel Robert Mueller. The ranking member of the House Judiciary Committee responded to new comments by outgoing Deputy Attorney General Rod Rosenstein, who defended Barr's handling of the Mueller report. “He’s being as forthcoming as he can, and so this notion that he’s trying to mislead people, I think, is just completely bizarre,” Rosenstein told (The Wall Street Journal), adding that the public should have "tremendous confidence" in Barr. Collins...
          Kommentar zu The Wolff of Wall Street: Die Eurokrise von Ursprung      Comment   Translate Page      
Hinsichtlich dessen, was Demokratie heisst, empfehle ich Kant "Ewiger Frieden", Ingeborg Maus, Rainer Mausfeld. Da muss man ein paar Wochen lesen, hinsichtlich Geld den Wolff hier oder Prof. Senf oder Paul Schreyer oder Seiffert. Da finden Sie die Antworten/Klarheit zu Ihren hier gestellten Fragen. Anders gesagt: Auswege aus den Denkframes, die Raeuberhirne anderen Menschen permanent ueberstuelpen moechten, und Sie, gut so, Ihre Fragen deshalb formulieren lassen. Die hier zu beantworten, dazu ist ein Forum ein falscher Ort.
          Mercati verso nuovi rialzi: i target settimanali      Comment   Translate Page      

Proiezioni di Borsa
Mercati verso nuovi rialzi: i target settimanali

Chiusura di settimana in vena di ottimismo sui mercati internazionali. E anche Wall Street ritrova la fiducia grazie ai buoni risultati degli utili sul primo trimestre 2019 di JP Morgan...

Mercati verso nuovi rialzi: i target settimanali
Gerardo Marciano


          Kommentar zu The Wolff of Wall Street: Die Eurokrise von W. Schürer      Comment   Translate Page      
Vielen Dank Herr Wolff für die großartige und vorbildlich sachliche, unaufgeregte Aufklärungsarbeit, die Sie hier mit großem didaktischem Geschick und ohne überflüssigen Firlefanz leisten. Für mich ist das meiste von dem was Sie hier vortragen nichts wirklich Neues, da ich mich schon seit Jahrzehnten mit unserem Geld- und Finanzsystem sehr intensiv beschäftige. Über viele Irrwege denen ich dabei teils über Jahre nachlief (Schwundgeld, Goldstandard) bin ich schließlich zu meiner aktuellen Einschätzung unseres gegenwärtigen Geld- und Finanzsystems gekommen. Ich habe deswegen viel Verständnis für die Irrwege, auf die Leute hereinfallen, die sich das gut versteckte Wissen über unser Geld- und Währungssystem mühsam selbst zusammenrecherchieren. Die Art, wie Sie hier kompakt und mit leicht verständlichen Worten wertvolles Wissen über den Zustand unseres aktuellen Geld- und Währungssystems zugänglich machen wird (hoffentlich) viele Zuhörer davor bewahren sich lange auf Irrwege begeben zu müssen. Dem was Sie über unser aktuelles Finanzsystem sagen kann ich nur voll und ganz zustimmen. Das ist ein einziges Betrugssystem mit dem Zweck arbeitslose Einkommen zugunsten wohlhabender Leute, die ausgesorgt haben und zulasten der wertschaffenden arbeitenden Bevölkerung zu ermöglichen. Eine TAUGLICHE Finanzwirtschaft ist ein hilfreiches Instrument für die produktive Wirtschaft, den Dienstleistungssektor und die Landwirtschaft. Unsere AKTUELLE Finanzwirtschaft ist im Gegensatz hierzu ein wuchernder Krebs, der diesen drei Sektoren immensen Schaden zufügt. Das liegt an der Art wie er ausgestaltet ist – was Sie in Ihren Beiträgen hier sehr eindrucksvoll beschreiben. In Ihren Beiträgen haben Sie ja bereits diverse Maßnahmen genannt mit denen in einem jahrzehntelangen Prozess aus einem mehr oder weniger tauglichem Finanzsystem ein gigantisches kasinoartiges Betrugssystem gemacht wurde. Dass die verbrecherischen Profiteure dieses systematischen Enteignungssystems von den Politikern unserer repräsentativen Scheindemokratie zulasten der einfachen Bevölkerung gestützt werden ist ein Skandal ohnegleichen. Und macht aus diesen Politikern Komplizen von Schwerverbrechern. Ob nun aus makroökonomischer Ahnungslosigkeit oder Dummheit (P1) oder aus berechnender Komplizenschaft zwecks Selbstbereicherung (P2) sei dahingestellt und mag individuell von Politiker zu Politiker verschieden sein. Politikern der Kategorie P1 möchte man diese Aufklärungsserie ans Herz legen. Aber es hätte vermutlich wenig Wirkung denn sie würden von der P2-Fraktion in Zusammenarbeit mit den wahren Profiteuren des Systems schnell ausgemustert werden. Der wirkliche Nutzen dieser Artikelserie ist die makroökonomische Aufklärung der breiten, von diesem Betrugssystem betroffenen Bevölkerung. Aufklärung ist der erste Schritt damit man sich effektiv wehren kann. Und wie diese Abwehr letztendlich aussehen muss, das sagen Sie ja jedesmal mantra-artig zum Schluss Ihrer Ausführungen: „Die Zeit ist reif für ein demokratisches Geldsystem.“ Ich nehme an dieses Mantra wird von Ihnen zum gegebenen Zeitpunkt mit Inhalt gefüllt werden. Sie werden uns also hoffentlich Ihre Vorstellung von einem demokratischen Geldsystem mitteilen. Ich bin schon sehr gespannt darauf. Habe aber auch vollstes Verständnis dafür, dass dies erst der Schlusspunkt Ihrer Aufklärungsarbeit sein kann. Ich fasse mich also bezüglich der Vorstellung des benötigten demokratischen Geldsystems in Geduld. Möchte aber trotzdem schon mal ein paar Anmerkungen machen wie ich das auf Basis meines aktuellen Wissensstandes sehe. Aber zuvor noch zwei Kritikpunkte, die ich bei aller Begeisterung für Ihre Artikelserie doch anbringen möchte: Kritikpunkt 1: Gerade im heutigen Artikel vermisse ich einen Hinweis schmerzlich. Nämlich die Benennung eines der wichtigsten Gründe warum das Zusammenspiel der verschiedenen Nationen mit der gemeinsamen Währung Euro nicht funktioniert. Der Grund ist, dass einer der Mitspieler permanent grob foul spielt. Und dieser Mitspieler ist Deutschland. Die meisten Leute glauben ja, dass eine gemeinsame Währung zwischen Nationen mit unterschiedlich leistungsfähigen Wirtschaftsräumen nicht funktionieren kann. Doch das ist ein Irrtum. Das kann sehr wohl funktionieren. Aber dazu müssen sich alle Beteiligten an die (ungeschriebenen) Spielregeln halten. Und eine solche Spielregel ist, dass alle Mitglieder einer Währungsunion eine Politik betreiben müssen, die zu einer identischen Inflationsrate in der gesamten Währungsunion führt. Verstoßen einzelne Mitgliedsländer gegen dieses ungeschriebene Gesetz kommt es zu schweren Verwerfungen innerhalb des gemeinsamen Währungsraums. Denn der sonst übliche Mechanismus um unterschiedliche Inflationsraten zwischen Ländern unschädlich zu machen sind Währungsauf- und -abwertungen. Dieses Instrument steht in einer Währungsunion nicht zur Verfügung. Empirisch erwiesen ist der Zusammenhang zwischen Lohnstückkosten und Inflation. Leistet sich ein Land eine Entwicklung seiner Lohnstückkosten die geringer ist als die Entwicklung der Produktivität (das ist Lohndrückerei mit dem Effekt der Umverteilung von der arbeitenden Bevölkerung hin zu den Kapitalhaltern) so führt das (aufgrund der schwindenden Massenkaufkraft im Vergleich zum Produktionsfortschritt) zu Deflation. Leistet sich hingegen ein Land die Entwicklung seiner Lohnstückkosten oberhalb des Produktivitätszuwachses (das Land „lebt dann über seine Verhältnisse“), so führt das entsprechend zu Inflation. In der Folge verlieren diese Länder, die „über ihre Verhältnisse“ leben ihre Konkurrenzfähigkeit gegenüber den Lohndrückern. Das führt zu Deindustrialisierung und Arbeitsplatzverlusten in diesem Wirtschaftsraum zugunsten des nun günstiger produzierenden Lohndrückerlandes. Die „goldene Regel“ bezüglich der Lohnentwicklung besagt nun, dass die Lohnstückkosten sich so entwickeln müssen wie der Produktivitätsfortschritt plus die angestrebte Inflationsrate. Das offiziell angestrebte Inflationsziel im Euroraum ist 2%. Gemäß diesem Ziel müsste in jedem Land eine Lohnpolitik betrieben werden, welche die Löhne um (2 + Produktivitätsfortschritt im jeweiligen Land) % steigen lässt. Frankreich hat sich seit Einführung des Euro vorbildlich an diese goldene Regel gehalten. In Italien lebte man zumindest anfangs etwas über seine Verhältnisse, was aber inzwischen längst korrigiert wurde. Und Deutschland verstieß seit Einführung der gemeinsamen Währung eklatant gegen diese goldene Regel (systematische Lohndrückerei, Hartz IV). Mit dem Effekt, dass Deutschland Arbeitslosigkeit exportiert und die produktiven Sektoren der anderen Länder schrumpfen. Wieso Sie dies im Zusammenhang mit der Eurokrise nicht erwähnen ist mir unverständlich. Frage / Kritikpunkt 2: Ich vermisse in Ihren Beiträgen den Hinweis auf MMT (Modern Money Theory). Vielleicht kommt das ja noch. Aber eine gewisse Ausdrucksweise Ihrerseits lässt mich schlussfolgern, dass Sie die MMT entweder nicht kennen (was ich mir allerdings kaum vorstellen kann) oder aber ablehnen. Ich meine damit Ihre Hinweise an diversen Stellen, dass der Staat die Steuern seiner Bürger für dies oder das verwende. (z.B. im Beitrag über Zentralbanken vom 15.2. „Die Regierungen haben diverse Großbanken mit Steuergeldern vor dem Bankrott gerettet, und die Zentralbanken haben anschließend das Geld geschöpft mit dem die in den Haushalten entstandenen Löcher gestopft wurden.“) Die MMT ist keine Theorie in dem Sinne, dass sie ein theoretisches Konzept anbietet wie Geld funktionieren könnte. Nein, die MMT ist eine exakte Beschreibung der Funktionsweise unseres aktuellen Geldsystems. Und eine der Grundaussagen dieser Theorie ist, dass ein souveräner Staat mit einer souveränen Währung für seine Finanzierung keine Steuereinnahmen braucht. Der Zweck der Steuern ist ein anderer. Zum einen sind sie erforderlich um die Akzeptanz des Geldsystems bei den Wirtschaftsteilnehmern durchzusetzen. Zum zweiten sind sie ein effektives Mittel zur Umverteilung. Zum dritten sind sie ein effektives Mittel um erwünschtes wirtschaftliches Verhalten zu fördern bzw. unerwünschtes zu erschweren. Und last but not least werden Steuern benötigt um die Inflation in Grenzen zu halten. Zu seiner Finanzierung jedenfalls braucht ein Staat keine Steuern, der Geld seiner eigenen Währung aus dem Nichts schöpfen kann. Die Steuererhebung dient nur den vier genannten Zielsetzungen. Und der Akt der Steuererhebung ist nichts anderes als das Gegenstück zur Geldschöpfung aus dem Nichts. Im Akt der Steuererhebung verschwindet dieses Geld wieder im Nichts. Deshalb an dieser Stelle meine Frage an Sie, Herr Wolff: Halten Sie die MMT für eine korrekte Beschreibung unseres aktuellen Geldsystems oder nicht? Wenn nicht, was kritisieren Sie an der MMT? Demokratisches Geldsystem: Manche Leute träumen ja von der geldlosen Gesellschaft. Das ist aberwitzig. Geld ist nicht per se schlecht. Geld ist das was man draus macht. Geld ist eine soziale Vereinbarung. Und damit ist Geld so gut oder schlecht wie diese soziale Vereinbarung. Dass mit unserem aktuellen Geldsystem so viel Schindluder getrieben wird liegt unter anderem auch daran, dass die Leute noch gar nicht kapiert haben was Geld eigentlich ist. Was ganz Geheimnisvolles! Was extrem Seltenes und Wertvolles. Bullshit! Unser aktuelles Geldsystem lädt natürlich diejenigen, die über die Macht verfügen Geld aus den Nichts zu schöpfen zum Missbrauch ein. Und der geheimnisvolle mystische Schleier, der um das Thema Geld gelegt wird sorgt dafür, dass a) keiner durchblickt und sich deswegen auch b) niemand effektiv gegen den Missbrauch wehren kann. Ich beginne mit dem Fazit (bezüglich „demokratisches Geldsystem“), zu dem ich gekommen bin und das wird vermutlich die meisten hier überraschen (insbesondere angesichts des grade über Fiatmoney Gesagten): die Funktionalität unseres aktuellen Geldsystems ist bestens dafür geeignet den Menschen als demokratisches Geldsystem zu dienen! Warum ich das so sehe, das habe ich in anderen Kommentaren schon ausführlich dargelegt. Wen es also interessiert, der möge bitte meine Kommentare zu „KenFM im Gespräch mit Stefan Mekiffer („Warum eigentlich genügend Geld für alle da ist“) lesen. Dort einfach meinen Namen in die Suchfunktion eingeben. Vielen Dank nochmal Herr Wolff. Und ich würde mich sehr über eine Antwort auf meine Frage(n) freuen.
          Kommentar zu The Wolff of Wall Street: Die Eurokrise von Ancastor.gardian      Comment   Translate Page      
Ein ein schreckliches Umverteilungssystem extra forciert und ohne sozialen Gedanken, von allen nehmen und sich selbst zuschanzen. Ein Geldsystem der Zukunft kann ja nur eines sein, was nirgends zentralisiert ist. Wie sollte es sonst funktionieren. ALso wäre ein Kryptogeldsystem mit verteilten Konten schonmal ein Anfang. Jedoch wie will man Machtkonzentration verhindern? Dort wo sich Geld sammelt, wird Macht entstehen und ab einer gewissen Summe X auch wieder Vorrechte und der Schutz dieser. Also würde wieder versucht werden Kontrollorgane zu infiltrieren und zum Werkzeug der eigenen Interessen zu machen. Dies könnte man mit Reichtumsbegrenzung verhindern. Ab festgelegten Summen wird alles zu 100% versteuert und somit der Wohlstand(Wohlstand im Sinne von Freiheit und weniger Zwänge, nicht im Sinne von mehr Verbrauch und mehr Geld) auf die Menschheit zurückverteilt, den sie ja meistens selbst erzeugt. Denn Reichtumskonzentration findet ja in der Regel bei einer kleinen Minderheit statt, die einfach die erzeugten Werte der breiten Masse, nicht auf diese verteilt, sondern selbst einstreicht. Natürlich braucht das dann Kontrollen aller Gelder und eine absolut demokratische und komplett offene Politik, die nur als ausführendes Organ dient und durch Bürgerumfragen und Volksentscheide gelenkt wird. Dies bedeutet aber auch eine absolut neutrale aufklärende Medienlandschaft, die keine Interessensvertretung vertritt oder bevorteilt. Das System müsste also eine ziemlich große Änderung hinnehmen und dafür braucht es auch eine Generation die diese Übergangszeit durchsteht. Folgende Generationen nehmen das neue System als normal auf, aber wir, die selbst eine gewisse vorgegebene Linie durchlaufen haben und entsprechend konditioniert wurden und ziemlich kaputt gemacht durch das System, haben es da sehr sehr schwer uns von gewissen Dingen zu lösen...
          Collins: 'Disgusting' for Dems to Attack AG Barr Because They Don't Like Mueller Probe's Outcome      Comment   Translate Page      
Rep. Doug Collins (R-Ga.) said Friday on "America's Newsroom" that Attorney General William Barr does not deserve to be attacked by Democrats who are disappointed with the findings of Special Counsel Robert Mueller. The ranking member of the House Judiciary Committee responded to new comments by outgoing Deputy Attorney General Rod Rosenstein, who defended Barr's handling of the Mueller report. “He’s being as forthcoming as he can, and so this notion that he’s trying to mislead people, I think, is just completely bizarre,” Rosenstein told (The Wall Street Journal), adding that the public should have "tremendous confidence" in Barr. Collins...
          4/14/2019: Markets | Jobs & Careers: Gold inches lower as strong equities weigh      Comment   Translate Page      
Gold inched lower on Friday, having posted its biggest daily decline in two weeks in the previous session, as the impact of a weak dollar was offset by gains on Wall Street. The metal had broken below the key psychological level of $1,300 on Thursday...
          US STOCKS-Wall Street set to get a lift from JPMorgan results, big energy deal      Comment   Translate Page      

US STOCKS-Wall Street set to get a lift from JPMorgan results, big energy dealU.S. stocks were set to open higher on Friday, boosted by better-than-expected results from JPMorgan, a $33 billion energy deal and signs of stability in Chinese economy. The S&P 500 e-minis were up 17.25 points, or 0.6% by 8:42 a.m. ET. JPMorgan Chase & Co rose 2.8% after the largest U.S. bank by assets beat quarterly profit estimates, easing fears that slowing economic growth could weigh on its results.



          Wall Street closes near record highs      Comment   Translate Page      
U.S. stocks closed near record highs on Friday after JPMorgan Chase soothed worries that the first-quarter earnings season would curb Wall Street's big rally back from last year's slump. Fred Katayama reports.
          The 5 biggest questions about Netflix’s earnings      Comment   Translate Page      
Wall Street wants answers about Netflix’s customers, competition, and content, writes Jeff Reeves.
          04/13 Links: Trump says Netanyahu election win means a ‘better chance for peace’; The Implosion of Jeremy Corbyn; Ilhan Omar, Con Artist; Elan Carr: Boycotting Israel is Anti-Semitic; EU's Collusion with Iran      Comment   Translate Page      
From Ian:

The Implosion of Jeremy Corbyn
According to polling by The Jewish Chronicle, 85 percent of British Jews now think that Corbyn is anti-Semitic. And that was before this week’s bombshell: documents obtained by The Sunday Times showing that Labour failed to investigate hundreds of anti-Semitism complaints, and let hundreds more slide. The documents show not only that Labour’s procedures for investigating anti-Semitic incidents were—despite public assurances to the contrary—dismally subpar, but also that members of Corbyn’s office directly intervened in more than one in 10 investigations, despite having claimed that they were impartial.

A council candidate who said that Jewish members of Parliament were “Zionist infiltrators” was allowed to continue his campaign. Out of 863 alleged incidents detailed in the files, only 29 resulted in a party member being expelled; 145 resulted in a “formal warning”—which is largely meaningless—and 191 cases were resolved as requiring no action. The rest, the Times reports, are unresolved, including 249 that haven’t even been opened.

A Labour spokesperson said that the report “does not reflect the full details … and is not up to date,” a non-denial that did nothing to stem the bleeding. That evening, the Jewish Labour Movement—one of the party’s oldest affiliates, linked to Labour since 1903—passed a vote of no confidence in Corbyn.

A year earlier, in March 2018, the story broke that Corbyn had been a member of three secret Facebook groups in which virulent anti-Semitic memes were sometimes shared. Understandable, perhaps, in radical campaign circles. My enemy’s enemy is my friend, right? We’re protesting an occupation, not forming a government. There’s nothing anti-Semitic about deploring Israel Defense Forces violence in Gaza, but if Palestine is your cause, sometimes you’re going to meet people who really just hate Jews—just like if Israel is your cause, sometimes you’re going to meet people who really just hate Muslims.

In one of the groups, Corbyn wrote supportively to the artist of a mural in London. It wouldn’t have been so bad—just a throwaway comment—except the mural depicted anti-Semitic tropes so blatant you could see them from space, hook noses and all. Corbyn trying to apologize was an agonizing sight. “I sincerely regret that I did not look more closely at the image I was commenting on,” he said. “I am sincerely sorry for the pain which has been caused.” It was as if, in a lifetime of fighting for causes—framing the world as good versus evil—he never really learned how to say sorry.

Abe Greenwald: Ilhan Omar, Con Artist
You see? She’s just an all-loving, rage-filled, anti-Semitic victim of prejudice.

If you set aside the canned baby talk of her speeches and articles, her actions don’t reveal much in the way of understanding and compassion. Or was she “showing up with love” when she claimed that Americans who support Israel are guilty of “allegiance to a foreign country” and that pro-Israel American leaders are somehow being paid off to support the Jewish state, and that—lest we forget—“Israel has hypnotized the world, may Allah awaken the people and help them see the evil doings of Israel?” Are all these examples of what she sees as a “mission as humans to love one another”?

Whenever Omar gets called out for her anti-Semitism or anti-Americanism, she makes a steady retreat back to the faux-compassion and understanding, simultaneously vowing to “learn” from her actions and claiming innocent victimhood. It’s then that her liberal supporters seize on her sunny rhetoric and denounce all the criticism that’s come her way. That’s precisely what’s been happening since she was caught describing 9/11 as a null event.

The con artist will thrive as long her marks are willing to be conned. Which is to say, Ilhan Omar has a bright future in the Democratic Party.
Seeking Israel From the Left
Israel has always been a Rorschach test for the left, Susie Linfield argues in her new book about intellectuals' writings on the first decades of the Jewish home state. And she's right, if not quite in the way she may have intended the metaphor.

Yes, Israel is like a Rorschach test, in the sense that many people over the 70 years of the country's existence have seen in its abstract representation some strange specificity wrought by their own fervid imagination. But Israel is like a Rorschach test in another and more important way. Something disturbing is revealed when the symmetrical inkblots of a Rorschach test provoke descriptions of violence and hatred. And something just as disturbing is revealed when the image of Israel provokes ferocious anger and unrelenting hostility.

Which it does, for a large percentage of the left these days. In her introduction and conclusion, Linfield points out that Israel was created by people who were often socialists, and it enjoyed considerable support among leftists in the West into the 1960s. But somehow, these days, Israel faces a violent antipathy from the left. An important task for historians lies in exploring how that reversal came about.

Linfield, a journalism professor at NYU, is a self-proclaimed leftist worried about the ways in which anti-Zionism has led to a surge of anti-Semitism. And yet, despite her interest in the question of why the left has rejected Israel, she attempts something different in The Lions' Den. In essence, she attacks the premise. Examining the work of prior generations of prominent intellectuals and journalists, The Lions' Den suggests that Israel has always provoked strange notions in intellectuals.

The figures Linfield takes up are a gallery of prominent Jewish left-leaning thinkers from the 1940s on—especially in her chapters on Hannah Arendt, Arthur Koestler, Isaac Deutscher, Maxime Rodinson, I.F. Stone, and Noam Chomsky. She focuses as well on two further figures: Fred Halliday (the only gentile writer she takes up) and Albert Memmi (the Tunisian writer and only non-Westerner in the book). All of them were sometime Zionists, and all of them indulged anti-Zionism. By describing their intellectual journeys—and their intellectual peculiarities—Linfield hopes to illuminate the left's odd
relation to Israel.



Pompeo says PM’s West Bank sovereignty vow won’t hurt Trump peace plan
US Secretary of State Mike Pompeo on Friday said he did not believe Prime Minister Benjamin Netanyahu’s talk of extending Israeli sovereignty to West Bank settlements would hurt the Trump administration’s long-gestating peace plan.

His comments would appear to indicate that the US plan does not provide for Palestinian statehood, or even for Palestinian control of substantive contiguous territory in the West Bank.

Asked during a CNN interview by anchor Jake Tapper whether he thought Netanyahu “vowing to annex the West Bank” could hurt the US proposal, Pompeo answered “I don’t.”

“I think that the vision that we’ll lay out is going to represent a significant change from the model that’s been used,” he added.

“We’ve had a lot of ideas for 40 years. They did not deliver peace between the Israelis and the Palestinians,” he said. “Our idea is to put forward a vision that has ideas that are new, that are different, that are unique, that tries to reframe and reshape what’s been an intractable problem.”

He said the Trump administration wanted “a better life” for both Israelis and Palestinians.

In interviews days before the elections, Netanyahu said he intended to gradually apply Israeli law to all settlements, and that he hoped he could do so with the agreement of the United States.
Trump says Netanyahu election win means a ‘better chance for peace’
US President Donald Trump on Wednesday congratulated Prime Minister Benjamin Netanyahu on his win in the Israeli election, and said it would improve the chances of success for his administration’s much-anticipated peace plan.

“I think we have a better chance now that Bibi has won,” Trump told reporters on the White House South Lawn before heading to Texas, using Netanyahu’s nickname. “The fact that Bibi has won, I think we’ll see some pretty good actions in terms of peace.”

“Everybody said you can’t have peace in the Middle East with Israel and Palestinians. I think we have a chance and I think we now have a better chance,” the US president added.

The White House has said it would release its peace proposal following the elections in Israel, though a report on Israeli television earlier this week said the exact timing would be dependent on the outcome of the vote.

With over 97 percent of ballots counted, and his Likud party and fellow right-wing and religious parties poised to secure a clear majority of Knesset seats, Netanyahu emerged from Tuesday’s elections in the best position to muster a coalition.

“I’d like to congratulate Bibi Netanyahu. It looks like that race has been won by him. It may be a little early but I’m hearing he’s won it and won it in good fashion,” Trump said.
Algemeiner Editor-in-Chief: Trump Peace Plan Likely to Be Very Different From Previous Initiatives
President Donald Trump’s upcoming peace plan for the Israeli-Palestinian conflict will likely be very different from previous such attempts, said Algemeiner editor-in-chief Dovid Efune on Thursday.

Speaking to i24 News, Efune said of the Trump plan, “We’ve suspected for a long time that it’s going to be quite different from what people are expecting. When we’ve spoken about peace plans in the past, typically there’s this land-for-peace equation, there’s a two-state solution, there is a framework which we’ve come to expect over decades. I’d be very surprised if its going to be along those lines.”

“I think we’re going to see a regional initiative,” he added. “We’ve had assurances time and time again from different members of the Trump administration that they would not be looking to predetermine the outcome. They won’t be coming to the table and saying, ‘Here’s what the results should be.’”

“It’s about creating a framework,” said Efune. “It’s about empowering, creating incentives, and trying to broaden the issue to regional peace and not just the Israeli-Palestinian discussion.”


Bill Clinton: Netanyahu ‘knows how to hit people where they’re tender’
Former US President Bill Clinton hailed the political prowess of newly re-elected Prime Minister Benjamin Netanyahu, saying the “highly intelligent” Israeli leader should never be underestimated, but adding a back-handed compliment.

“You should never underestimate him, he’s highly intelligent, he understands his electorate,” Clinton said on stage Thursday at an event in New York City, as final vote counts in Israel confirmed that Netanyahu is heading for a fifth term as prime minister.

Then Clinton added: “He’s smart and able and he knows how to hit people where they’re tender.”

Clinton was speaking at an event at the Beacon Theater alongside his wife, former US secretary of state and failed presidential candidate Hillary Clinton.

“There’s lots of minority parties in Israel, and more of them are aligned with the settler movement or religious fundamentalism than secularism or wanting peace,” he said. “Israel is a vital democracy, and they are having these debates and they will work it out.”

“There has to be some approach to reconciling the security needs of the Israelis with the need for greater autonomy and governance by the Palestinians,” Clinton said.


Boycotting Israel is Anti-Semitic, Says Newly-Sworn In Envoy Elan Carr
The United States swore in Elan Carr as the new Special Envoy for Monitoring and Combating Anti-Semitism on Thursday after the position had been left vacant since January 20, 2017.

U.S. Secretary of State Mike Pompeo administered the oath of office. The secretary remarked that Carr, a Jewish-American Army veteran and the grandson of Holocaust survivors, was chosen for the “fierceness and vigor that he’ll bring to combating anti-Semitism.”

The envoy’s position was established by the Global Anti-Semitism Review Act of 2004. On his first day in the congressionally mandated post, Carr vowed to fight the Boycott, Divestment, and Sanctions (BDS) campaign and described the organized boycott of Israel as anti-Semitic.

“An individual has a right to buy or not buy what they please. However, if there is an organized movement to economically strangle the state of Israel, that is anti-Semitic,” Carr said. “We are going to focus relentlessly on eradicating this false distinction between anti-Zionism and anti-Semitism.”




Pete Buttigieg calls Mike Pence a ‘Pharisee.’ Here’s why that angers Jews
Pete Buttigieg has a word he likes to use to describe Vice President Mike Pence: “Pharisee.”

Jewish scholars would like him to stop doing that.

Buttigieg, the 37-year-old mayor of South Bend, Indiana, who is running a dark horse campaign for the Democratic presidential nomination, has advanced the idea of liberal candidates using religious language to express their values.

The flip side of that, Buttigieg says, is that Republican leaders don’t practice the religious values they preach. He takes particular aim at Pence, who often speaks of his own conservative Christian values while serving under President Donald Trump. Buttigieg has criticized Trump for paying off an adult film actress with whom he allegedly had an affair.

Buttigieg believes that reeks of hypocrisy, so he uses an age-old Christian metaphor for hypocrites: the Pharisees.

“There’s an awful lot about Pharisees in there,” Buttigieg told The Washington Post this week, referring to the New Testament while discussing Pence. “And when you see someone, especially somebody who has such a dogmatic take on faith that they bring it into public life, being willing to attach themselves to this administration for the purposes of gaining power, it is alarmingly resonant with some New Testament themes, and not in a good way.”

The Pharisees were one of several Jewish sects during the first century, the time of Jesus. They also included the rabbis of the Talmud and the creators of Rabbinic Judaism, the ideological ancestor of mainstream Jewish practice today.

But in Christian discourse, the Pharisees have taken on the role of “hypocrites, fools and a brood of vipers, full of extortion, greed, and iniquity,” wrote Amy-Jill Levine, a professor at the Vanderbilt University Divinity School, in an article in Sojourners magazine. That’s because the New Testament Gospels say Pharisee leaders criticized Jesus and lambaste them for hypocrisy.
Rivlin rebukes Bolsonaro: ‘No one will order forgiveness of the Jewish people’
President Reuven Rivlin on Saturday rebuked his Brazilian counterpart Jair Bolsonaro for saying this week that the crimes of the Holocaust can be forgiven, though not forgotten.

“No one will order the forgiveness of the Jewish people, and it can never be bought in the name of interests,” he said.

“What [the Nazis] did to us is etched into our memory, the memory of an ancient people,” Rivlin wrote on Twitter.

“We will never cooperate with those who deny the truth or try to erase it from memory — not by individuals and groups, not by party leaders and not by heads of state,” he wrote, the last being in apparent reference to Bolsonaro.

“We will never forgive and never forget. No one will order the forgiveness of the Jewish people, and it can never be bought in the name of interests.”

Rivlin said the Jewish people would “always fight against anti-Semitism and xenophobia,” while calling on politicians not to wade into historically fraught matters. “Political leaders are responsible for shaping the future. Historians describe the past and research what happened. Neither should stray into the territory of the other,” he said.
Yad Vashem slams Bolsonaro after Holocaust comments
President Reuven Rivlin and Yad Vashem took Brazilian President Jair Bolsonaro to task on Saturday for saying the crimes of the Holocaust can be forgiven, though not forgotten.

“We can forgive, but we cannot forget,” said Bolsonaro – a strong supporter of Israel who has reversed his country’s previously negative positions regarding Israel – at a meeting with Evangelical pastors in Rio de Janeiro on Thursday.
“Those that forget their past are sentenced not to have a future. We need to act so that the Holocaust will not repeat itself,” the Brazilian leader said.
Iranian forces said killed in reported Israel airstrike on Syria missile factory
A number of Iranian forces were reportedly killed in an airstrike on a Syrian military position near the city of Masyaf in western Hama province overnight Friday-Saturday. Syrian state media said Israeli jets carried out the raid in the middle of the night, firing missiles while flying in Lebanese airspace.

Syria’s official state news agency SANA said Israel targeted a military site in the area, but that Syrian air defenses intercepted the attack, downing some of the missiles fired. The regime mouthpiece said the interception resulted in the destruction of several buildings and the wounding of three “fighters.” The area is known to house Iranian forces and their Lebanese proxy, Hezbollah.

According to a report by the London-based Syrian Observatory for Human Rights in Arabic, Iranian “elements” and pro-Iranian militants were killed in the alleged attack, and 17 people were injured.

Israel does not regularly comment on alleged strikes in Syria, though it has acknowledged some operations.

The Observatory said Saturday that the strike targeted a Syrian military college in the town and two buildings used by Iranian forces in nearby villages — a development center for medium-range missiles in Zawi and a training camp in Sheikh Ghadban.
Abbas swears in new PA government led by his Fatah ally, Mohammad Shtayyeh
A new Palestinian Authority government was sworn in by PA President Mahmoud Abbas on Saturday, a month after he tapped longtime ally Mohammad Shtayyeh, a member of his Fatah party, as the next premier.

The 61-year-old Shtayyeh is replacing Rami Hamdallah, who served as prime minister of the Palestinian government since 2013. He is seen as being critical of the Gaza Strip’s Hamas rulers, as well as a proponent of continuing peace talks with Israel.

The new 21-member cabinet includes some fresh faces, but senior officials, such as Foreign Minister Riyad al-Malki and Finance Minister Shukri Bishara, are keeping their positions.

Novelist Atef Abu Seif of Gaza, who was recently badly beaten during Hamas’s crackdown on protesters in the Strip, will become culture minister.

Shtayyeh’s government replaces a technocratic administration, which had the nominal backing of Hamas and all other Palestinian factions.
Thousands protest along Gaza border, 15-year-old shot dead - report
A 15-year-old boy was shot in the stomach during clashes with IDF forces east of the Jabaliya refugee camp, according to the Hamas Health Ministry on Friday.

According to the report, two other people were injured by gunfire in clashes with IDF forces east of Gaza City, when 9,000 demonstrators protested in five locations along the Gaza border.

A Palestinian was arrested after cutting the fence into Israel, waving a Palestinian flag.

The border protests began on March 30th and has seen over half a million people violently demonstrating along the security fence with Israel demanding an end to the 12-year long blockade, congregating at points along the border range between several thousand to 45,000 each day.

The one year anniversary of the border riots last week saw some 40,000 Palestinians demonstrate along the border fence and saw three Palestinians killed by IDF fire.

The cross-border violence immediately played into Israel's election campaign, which concluded earlier this week with Prime Minister Benjamin Netanyahu heading toward a record fifth term in office.

But Egyptian mediators intervened to avoid further escalation by persuading Israel to lift restrictions on the movement of goods and people in and out of Gaza and expand the breadth of Mediterranean waters where Gazans can fish.
EU's Collusion with Iran
The main purpose of the Instrument in Support of Trade Exchanges (INSTEX) is to ensure that Europe -- and potentially third countries -- can continue doing business with the mullahs in Iran without risking US penalties for contravening US sanctions.

EU foreign policy chief Federica Mogherini seems strongly committed to ensuring that Iran -- and Europe -- continue receiving economic benefits from the illegal, unsigned, and unratified Iran nuclear deal. Mogherini insisted that Iran is complying with the JCPOA. It is not. US Secretary of State Mike Pompeo, referring to documents seized by Israel, stated that the nuclear deal was "built on lies" .

No amount of human rights abuses, however atrocious -- or terrorism, even against its own citizens; or cheating to acquire deliverable nuclear capability to unleash on Israel, the US and eventually threaten the entire West -- will, it seems, deter the EU from its criminal collusion with Iran. Europe seems determined to wade into its own destruction with its eyes wide open.
The IAEA’s Blind Spots on Iran’s Nuclear Program
On April 9, Iranian President Hassan Rouhani boasted that “today and throughout the past year, we have launched 114 new technologies via the Atomic Energy Organization of Iran. This is the message to the world: You have not succeeded, and you will not succeed in preventing the progress and development of the Iranian people and their nuclear program. If yesterday you feared our IR-1 centrifuges, well, here you go!”

He has reason to boast. The 2015 Iranian nuclear deal brokered by former President Barack Obama was extremely weak, but yet, given its weaknesses, the agency that was expected to monitor Iran’s compliance has been exceedingly lax.

On April 4, The Wall Street Journal reported that the International Atomic Energy Agency (IAEA) inspected a warehouse in Tehran that Israeli Prime Minister Benjamin Netanyahu last year said housed nuclear equipment and materials.

When negotiating the Iranian nuclear deal, President Obama promised “anytime, anywhere inspections.” Yet six months elapsed from Netanyahu’s speech until the inspection. The question is what took the IAEA so long?


WaPo Rushes to Defend Ilhan Omar’s 9/11 Remarks, Fails Spectacularly
The Washington Post, in full white knight mode, rushed to Omar’s defense in publishing a piece in which they claimed context was needed.

After quoting several lines from her speech (which did not change what she said), “fact checker” Glenn Kessler wrote:

We will leave it to readers to determine whether Omar should have referred to “terrorists” or if the context for “some people” is clear from the speech.

When we listened to the whole speech, we were reminded of President George W. Bush’s phrasing in two famous moments after the Sept. 11 attacks.

“I can hear you! I can hear you! The rest of the world hears you! And the people — and the people who knocked these buildings down will hear all of us soon!” – Bullhorn address to Ground Zero rescue workers, Sept. 14, 2001


The other one was an Islamic Center speech in which President Bush defended Muslims in the aftermath of 9/11.

Kessler suggests that Bush’s bullhorn comments and the ones he made defending Muslims were no different than Omar’s speech.

In reality, the context surrounding Bush’s speeches meant everything after the terrorist attacks. He was by no means downplaying what happened. In the coming weeks and months, his administration would respond forcefully to the attacks.

On the other hand, the context the Post provided for Omar’s speech didn’t do her any justice. In fact, the context provided by the full video made her “some people did something” quote even worse.

Making things worse still is Omar’s widely-known reputation for repeating anti-Semitic tropes, which is a significant context for drawing conclusions about what Omar says all on its own.
Group Planning NY Rally Urging Schumer To Get Ilhan Omar Off Foreign Affairs Committee
A group called The Coalition to Get Ilhan Omar off the Foreign Affairs Committee is holding a rally on May 19 titled “Operation: Schumer’s Doorstep.”

The group states: “The Coalition seeks to mobilize Americans of all political, ethnic and religious backgrounds who are concerned about Rep. Ilhan Omar’s continuing presence on the House Foreign Affairs Committee. The Coalition’s first goal is to enlist (through all reasonable means of persuasion granted by the Constitution) Senator Schumer in the cause. The event will be part peaceful protest, prayer vigil, and press conference.”

The rally will be held outside Schumer’s building by Prospect Park in Brooklyn.

The group counsels, “We’d like people of faith to lead a prayer calling for Schumer to gain the courage of his convictions so that from this moment on, the senator will fight with every fiber of his being to drive Omar off the committee. We pray for him to become the Shomer he has always said he is.”



Dems to Redefine Hate Crime as ‘Disagreeing with Ilhan Omar About Anything’ (satire)

Claiming that existing language did not go far enough to protect victims of racism and Islamophobia, House Democrats have passed a bill redefining the term “hate crime” to include “any criticism of, or disagreement with, Representative Ilhan Omar.”

The bill comes after Omar’s description of the September 11 attacks as “some people did something” sparked outrage and led to criticism that she showed a lack of sensitivity towards victims of the attacks. Her defenders, however, said these criticisms led to death threats against the Congresswoman.

“Clearly, there could only be one reason that someone would criticize an elected member of Congress, and that is sheer bigotry,” Representative Ro Khanna said on the House floor. “No criticism of Congresswoman Omar’s religious beliefs, her actions, or her political views will be tolerated.”

After initially resisting, House Speaker Nancy Pelosi was forced to bring the bill to the floor after several progressive party members threatened to lock themselves in their rooms until she agreed to do so. For some freshman lawmakers, however, the bill does not go far enough.
University of North Carolina Condemns ‘Disturbing, Hateful Language’ After Palestinian Rapper Performs Self-Described ‘Antisemitic Song’
The interim chancellor of the University of North Carolina, Chapel Hill has rebuked a recent campus performance by a Palestinian rapper who sang a self-described “antisemitic song” and asked audience members to invoke Mel Gibson when participating.

Palestinian rapper Tamer Nafar of the hip hop group DAM performed at UNC on the evening of March 22, as part of a 3-day academic conference on the Gaza Strip. The conference was sponsored by the UNC Center for Middle East and Islamic Studies and Duke-UNC Consortium for Middle East Studies, and co-sponsored by multiple departments.

“This is my antisemitic song,” Nafar was recorded saying in a clip shared by filmmaker Ami Horowitz.

“Let’s try it together,” the rapper said while encouraging audience members to join him. “I need your help, I cannot be antisemitic alone.”


New York Times Suggests “Terrorist” Label for Israel
These contorted paragraphs are a prime example of how the newspaper’s preoccupation with casting Israel in a negative light comes at the expense of a well-informed public. Straightforward coverage of the U.S. decision about the Revolutionary Guard would leave readers with a clear understanding of the American criteria for designating Foreign Terrorist Organizations, would forthrightly describe the U.S. justification for applying the designation to Iran, and would not mislead about the State Department’s policy direction.

CAMERA’s billboard outside the New York Times building calls out the newspaper’s biased and inflammatory coverage.

What’s the actual criteria for designating a Foreign Terrorist Organization (FTO), if not use of violence by intelligence services? The Foundation for Defense of Democracies explains that
U.S. law defines “terrorism” as “premeditated, politically motivated violence perpetrated against noncombatant targets by subnational groups or clandestine agents.” To be designated as an FTO under U.S. law, a foreign organization must engage in terrorism or terrorist activities that “threatens the security of United States nationals or the national security of the United States.”

That’s easy enough. And easy enough for a Times reporter to research. The passages in quotes come directly from the US Code. Similar language appears on the State Department’s Foreign Terrorist Organizations web page, which notes that in order to be listed, an organization must engage in “terrorist activity or terrorism” and “must threaten the security of U.S. nationals or the national security … of the United States.”

That’s why use of violence by, for example, a French intelligence agency doesn’t put that agency at risk for being designated a Foreign Terrorist Organization. The U.S. didn’t view their use of force as terrorism, and doesn’t regard their ally’s actions as threatening American security. The same goes for Israeli intelligence — which works closely with American intelligence agencies.
Jewish Canadian mayor: ban on wearing religious symbols 'ethnic cleansing'
The Jewish mayor of a Canadian town compared a proposed bill that would bar religious symbols on some public workers to “ethnic cleansing.”

Canadian Prime Minister Justin Trudeau asked William Steinberg, mayor since 2005 of the affluent town of Hampstead in Montreal’s west end, to apologize for the remark.

“We shouldn’t use words like that,” Trudeau, who opposes the bill, told reporters in Ottawa last Friday. “We don’t need to go to extremes.”

Steinberg instead defended using the term, saying he meant “ethnic cleansing” only in a “non-violent” sense.

The Centre for Israel and Jewish Affairs, B’nai Brith and human rights groups have denounced the proposed law as discriminatory and contrary to Canadian human rights charters, but polls consistently show most Quebecers supporting it by a healthy majority.
SpaceIL chief: ‘Beresheet 2 starts tomorrow, we’ll put our flag on the moon’
Following the Israeli spacecraft Beresheet’s failure to land safely on the moon this week, SpaceIL chairman Morris Kahn on Saturday announced he was launching project Beresheet 2, effective immediately, adding: “We started something and we need to finish it. We’ll put our flag on the moon.”

The small spacecraft, the world’s first privately funded moon lander, crashed into the lunar surface Thursday night during an attempted landing, apparently due to a technical glitch that caused its main engine to stop mid-landing.

Appearing on Channel 12’s “Meet the Press,” South African-born billionaire Kahn said work on the successor to Beresheet would start Sunday.

“The response we’ve gotten has been amazing. The amount of thank yous and letters is amazing,” he said. “Over the weekend I’ve had time to think about what happened, and the truth is seeing all the encouragement and support from people all over the world is amazing.

“It gave me time to think and I thought it would be a shame to leave things like that. I’ve come to announce a new project: Beresheet 2. We started something and we need to finish it. We’ll put our flag on the moon.”

He added that “Project Beresheet 2 begins tomorrow… A mission team will be meeting tomorrow to start work.”


Space Industry Leaders Praise Israel’s SpaceIL for Beresheet Moon Mission
Astronauts and scientists at the US space agency NASA commended the Israeli non-profit organization SpaceIL for its efforts after its spacecraft “Beresheet” failed to land safely on the moon on Thursday.

NASA Administrator Jim Bridenstine said, “While NASA regrets the end of the SpaceIL mission without a successful lunar landing of the Beresheet lander, we congratulate SpaceIL, the Israel Aerospace Industries and the state of Israel on the incredible accomplishment of sending the first privately funded mission into lunar orbit.”

“Every attempt to reach new milestones holds opportunities for us to learn, adjust and progress,” he added. “I have no doubt that Israel and SpaceIL will continue to explore and I look forward to celebrating their future achievements.”

Famed Apollo 11 astronaut Buzz Aldrin, wrote in a Twitter message to SpaceIL, “Never lose hope – your hard work, teamwork, and innovation is inspiring to all!” European Space Agency astronaut Tim Peake expressed disappointment over Beresheet’s failed moon landing but said SpaceIL has “much to be proud of.”

Beresheet lifted off from Cape Canaveral in Florida on Feb. 22 and succeeded in entering the moon’s orbit, a feat only seven countries have accomplished. It is assumed that the aircraft crashed into the surface of the moon.
The forgotten female WWII-era spy who stayed silent under gruesome Nazi torture
Despite unimaginable torture by the Nazis, imprisonment in concentration camps and uncertainty over the fate of her lover and fellow spy, Allied agent Odette Sansom never betrayed the clandestine ring she was part of in occupied France during World War II.

While operating under the code name “Lise,” the French-born, British-residing Sansom helped aid the resistance in her homeland. Her actual name — which changed after the war during her several marriages — would be honored in the annals of espionage when she received the George Cross after the war. She was the first woman who had faced enemy fire to receive the honor, the second-highest award in the UK.

A posthumous UK postage stamp honoring her for her wartime service lists her as Odette Hallowes, the surname of her third husband.

While her exploits made her a celebrity in ensuing years, Sansom has become largely forgotten. A recently published book, “Code Name Lise: The True Story of the Woman Who Became WWII’s Most Highly Decorated Spy,” by Larry Loftis, aims to set the record straight.

“It’s a story of a particular heroine whom 99 percent of people — 99 percent of WWII historians — probably don’t know who she is,” Loftis told The Times of Israel. “Her family is thrilled I wrote about her life.”
Scottish Rescuer of Jewish Children From Holocaust to Be Honored in Budapest
A church missionary from Scotland who traveled to Hungary to help Jewish schoolchildren during the Second World War will be commemorated this weekend at a special ceremony in Budapest.

Jane Haining, a native of Dumfriesshire, was captured by the Nazi authorities, who deported her to the Auschwitz-Birkenau concentration camp in Poland where she later perished.

Haining was arrested by the Gestapo in 1944 for harboring more than 400 children, the majority Jewish orphans, at the Scottish Mission School in Budapest.

When WWII began, Haining refused to return home to Scotland, choosing to stay with the children. She wrote: “If these children need me in days of sunshine, how much more do they need me in days of darkness?”

In 2010, she was posthumously awarded a Hero of the Holocaust medal by the British government. Photographs, a video, letters, a copy of her handwritten last will and testament and her Hero of the Holocaust Medal are on display at the church in her hometown of Dunscore.

Haining is also the only Scot to be honored as “righteous among the nations” – the term used for non-Jews who risked their lives to protect Jews from extermination – by Yad Vashem, Israel’s national Holocaust memorial center in Jerusalem.



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          Stock Market News: JPMorgan Banks It; Disney Streams Higher      Comment   Translate Page      
JPMorgan shares rose 4% after the Wall Street banking giant made a strong start to earnings season. The bank said that net income reached a record $9.2 billion in the first quarter of 2019, working …
          Dow set for triple-digit gain as China trade data buoys stock market amid healthy bank earnings      Comment   Translate Page      
U.S. stock-index futures on Friday pointed to a solidly higher start for Wall Street as corporate earnings season gets under way, led by the nation’s largest banks. Investors also were digesting …
          Boeing’s 737 MAX Flight-Control System Blamed in Ethiopian Probe’s Initial Findings - The Wall Street Journal      Comment   Translate Page      
Boeing’s 737 MAX Flight-Control System Blamed in Ethiopian Probe’s Initial Findings  The Wall Street Journal

Air accident investigators found the cockpit crew of a crashed 737 MAX followed approved emergency procedures in an attempt to save the plane, ratcheting up ...


          Quel colpo di fulmine dei giganti tech per le news di qualità       Comment   Translate Page      
A pochi giorni di distanza i giganti del web confermano la disponibilità a pagare contenuti editoriali selezionati. Cupertino già online con News+: aggrega 300 testate tra cui il Wall Street Journal. Per ora fuori il New York Times...
          Borse vicine ai massimi, ma i capitali vanno sui fondi obbligazionari       Comment   Translate Page      
Wall Street viaggia a meno di un punto percentuale dai record storici. Le Borse europee sono sui massimi da settembre 2018. Milano guadagna il 19% da inizio anno. Eppure a fronte di questa esuberanza, i flussi di capitali raccontano un’altra storia. Ecco quale...
          Questioning Global Warming      Comment   Translate Page      
By Todd Royal, AMERICAN THINKER When pollsters realized the public and elected officials weren’t buying global warming as a concept or policy, in a brilliant political move, they came up with the phrase “climate change.” This helped sell the theory of man-made global warming.  Weather is politicized and computer models are only predictions that have been used as pawns in elections and justifying increased government budgets. The global warming/climate change (GWCC) narrative has made Al Gore a rich man peddling  unrealized fear. In January 2012, sixteen eminent scientists published an article in the Wall Street Journal, titled, “No Need to Panic About Read More
          JPMorgan lifts expectations for rivals with earnings beat      Comment   Translate Page      
NEW YORK, April 12- JPMorgan Chase& Co's better-than-expected first-quarter earnings raised expectations that rival Wall Street lenders would follow suit when they report next week, pushing most bank stocks higher on Friday. It reported strong results across its businesses, with Chief Executive Jamie Dimon citing solid U.S. economic growth, moderate...
          Page 1 Roundup (04/13)      Comment   Translate Page      



 Hugh Hefner’s son Cooper leaves top Playboy gig to start news and adult content site called HefPost

24-year-old man charged for tossing 5-year-old child from third floor of Mall of America



“There’s someone for everyone” — Molly

Instagram: Hot damn! I may need to rethink my negative stance on Palm Springs

TPM: It won't do any good, but Elijah Cummings has moved to subpoena Trump accountant for financial information



The Hill: Couple charged for allegedly putting laxatives in cookies for striking school employees


Express: Golfer Brooks Koepka has been shedding pounds to pose for ESPN: The Body, but I'm confident 95% of us would prefer to see him naked in all his 214-pound glory


Towleroad: I see there's been no outbreak of maturity at 1600 Pennsylvania Ave.



New York Post: New York’s fattest cat needs a stroller to get around town

The Washington Post: I mean no disrespect -- but how does anyone watch CNN?


(Via CRS)




The New York Times: Sudan general steps down as transitional leader a day after al-Bashir's ouster

ICYMI: He's hot  and he's a liberal -- and he's got the best sweatshirt of all time



The Wall Street Journal: 'Game of Thrones' madness is starting again -- pity the non-watchers

          Page 1 Roundup (04/12)      Comment   Translate Page      

The Daily News: U.S. charges Julian Assange with helping Chelsea Manning hack classified information after his asylum ends


 We've all been there, girl

City of Chicago sues Jussie Smollett for ‘false statements’ after actor refuses to pay $130K bill as 'Empire' executives reportedly weigh his fate



’Tina Turner Musical’ gets opening date on Broadway

Instagram: Charles Laurent Marchand's royal blue Speedo just can't wait till Sunday

Associated Press: Toddler survives 60-foot fall from apartment, lands on car

ICYMI: Feast your eyes on 6-4, 263-pound defensive end Nick Bosa (do-over for yesterday's bad link)


YouTube: I'll bet this would be funnier if they played a group of women who get kicked off the wine train for being too, um, "loud"

Independent: Shocker! Crazy Donald sister is a crook, too



The Washington Post: Donald "I love WikiLeaks" disavows enthusiasm for leak organization after Julian Assange's arrest


The New York Times: In a drastic escalation of the criminal case against Michael Avenatti, the brash lawyer known for representing Stormy Daniels in lawsuits against Trump, federal prosecutors in California announced on Thursday that he had been indicted on three dozen counts



The Wall Street Journal: Who comes to the rescue of stranded robots? Humans

          Mates e volcáns con Rosa Sobradelo      Comment   Translate Page      
A Rosa Sobradelo sempre lle apaixonaron as matemáticas… e as ciencias da terra. Antes de conseguir o seu sono esta rianxeira fixo empresariais, estudou matemáticas en New York, traballou de bioestatística nun hospital, en Wall Street para JP Morgan Chase,… Ata que asentou en Londres onde é investigadora do Departamento de Ciencias da Terra no University College de Londres. Alí aplica os seus coñecementos matemáticos á vulcanoloxía, creando modelos de perigosidade e risco que axuden a tomar decisións en caso de erupcións, como a da Illa de El Hierro nas Canarias. Entrevista emitida o 25-1-15 no programa 312 de Efervesciencia.
          El sector de servicios de soporte sigue estableciendo máximos históricos en Norteamérica      Comment   Translate Page      
Mientras que el índice rector estadounidense S&P 500 opera a un 1% de sus máximos históricos, hay sectores destacados que siguen brillando con luz propia en Wall Street y que han establecido nuevo ... - Fuente: losmercadosfinancieros.es
          An Interview With The Most Powerful Man On Wall Street      Comment   Translate Page      

Amid a rising legislative chorus demanding a halt to corporate buybacks (an activity which was illegal until 1982), with Congress realizing that most of the funds released by Trump's tax cut and offshore tax repatriation were used not for capex or hiring but merely to levitate stock prices, last week Goldman's chief equity strategist published the most "inspired" defense of buybacks, in which he said that from a portfolio strategy perspective, "the potential restriction on buybacks would likely have five implications for the US equity market: (1) slow EPS growth; (2) boost cash spending on dividends, M&A, and debt paydown; (3) widen trading ranges; (4) reduce demand for shares; and (5) lower company valuations."

Or, as we summarized it, if Congress were to ban buybacks, it would likely crash the market. Hence Goldman's increasingly vocal defense of corporate buybacks, which incidentally are the biggest source of stock demand in the past decade.

Then, just a few days later, Goldman - clearly worried that the anti-buyback push is gathering steam in Congress - published yet another research report discussing the "Buyback Realities", in which it paradoxically tried to mitigate the role buybacks have on price formation and capital misallocation just one week after it explained how banning buybacks would have disastrous consequences for stocks.

Of note, one of the charts in the defensive report had the following informative summary on the history of buybacks, in which Goldman explained that "in the past buybacks were not illegal [ZH: they were illegal prior to 1982] but were typically avoided because US companies feared government charges of market manipulation." As a result, for decades US companies returned cash to shareholders almost exclusively via dividends, and from 1880 to 1980, the dividend payout ratio averaged 78% of earnings (companies also had the option to repurchase shares via tender offers, in which they would buy a certain amount of shares at a pre-determined price/time, however the price moving impact of such operations was virtually nil).

Then, everything changed in 1982 with the passage of Rule 10b-18, which provided companies a safe harbor against charges of market manipulation when repurchasing their shares.

In short, buybacks were illegal until 1982 for a reason - market manipulation - and then they gradually became mainstream, with  stock buybacks and dividends rising to 90% of the cumulative payout ratio of S&P 500 earnings in the 2002-2018 period. The cherry on top: in 2019, Goldman forecasts companies will spend a record $940 billion on buybacks (with $1.1 trillion in buyback announcements) up 16% from the prior record hit in 2018.

Some more staggering context: since the 2008 financial crisis, the S&P 500 companies have repurchased about $5 trillion of their own shares, which represents approximately 20% of the current market capitalization.

So while it remains to be seen if Congress will ban buybacks, one thing is certain: as Goldman's David Kostin cautioned last week, without company buybacks, demand for shares would fall dramatically, for one simple reason: repurchases have consistently been the largest source of US equity demand. Since 2010, corporate demand for shares has far exceeded demand from all other investor categories combined. Net buybacks for all US equities averaged $420 billion annually during the past nine years. In contrast, during this period, average annual equity demand from households, mutual funds, pension funds, and foreign investors was less than $10 billion for each category – despite the fact these categories collectively own 83% of corporate equities. Buybacks represented the largest source of equity demand in 2018. This is shown in the table below.

Then, overnight, Kostin reiterated this point, saying that "buybacks remain the largest source of net demand for US equities. Other ownership categories have been generally reducing equity exposure, including mutual funds."

What this means is the following: with buybacks having become the most important marginal buyer of stocks, the one trading desk that dominates the daily flow of buybacks - which amount to just under $3 billion in gross purchases each and every day - has more influence on the overall market than even the NY Fed. And the person who controls that trading desk will be the most powerful person on Wall Street.

Meet Neil Kearns.

Kearns, a name few have ever heard of - certainly not a name on par with Stevie Cohen, Israel Englander, Larry Fink, Lloyd Blankfein, Jamie Dimon, Bill Dudley or any other hedge fund billionaire that is part of the Wall Street folklore - is the head of Goldman Sachs’ corporate trading desk: the desk the executes hundreds of billions in corporate buyback orders for clients all around the world. And with Goldman sporting the largest buyback trading desk on Wall Street, it wouldn't be a stretch to say that - with the fate of the stock market in the hands of corporate buybacks - Neil is the most powerful man on Wall Street right now.

In its latest "Top of Mind" publication, Goldman sat down with Kearns, this "master of the buyback universe", to address the size, impact, and outlook for US share repurchases. Since Neil is the man that sees more buyback dollars executed in any year than anyone else, he is just the right man to answer all buyback related questions.

Q: How large is the corporate bid in the stock market?

A: US corporates have been the largest net buyers of US equity for the last decade, repurchasing $5tn+ since the financial crisis. Last year, roughly $1.1 trillion of repurchases were authorized, with about $900 billion actually repurchased. As a share of the overall trading footprint, that’s around 6-7% of average composite volume, which might be viewed as a slightly underwhelming number. But companies repurchase stock under rule 10b-18, a safe harbor enacted by the SEC in 1982 to provide companies an affirmative defense against accusations of stock price manipulation. This rule provides volume, timing and price limitations on how companies buy back stock. Pulling out the non-eligible volume, the trading footprint increases to about 10% on average, and into the teens during market weakness.

Q: What is the major driver of volatility in share repurchases?

A: The largest driver of share repurchase volatility is broader equity market performance. In particular, the corporate bid tends to  become more aggressive in a falling market as fundamental investors move to the sidelines. In periods of extreme dislocation, like we witnessed at the end of last year, repurchase activity can temporarily spike by multiples of average levels, as companies take advantage of attractive price points/valuations, and which may ultimately also have a secondary effect of tempering price volatility. That said, companies are cognizant of their trading footprints and generally aim to be less than 10% of trading volume.

Q: How much seasonality is there in share repurchases?

A: There is not a great deal of seasonality. Q1 tends to be the lightest quarter of activity—about 23% of total annual notional— given that companies have the least visibility on what earnings will look like that year. Q2 tends to be a little bit more active at  around 24%, while the last two quarters average around 26 to 27%, as companies feel more confident in repurchase levels given greater clarity on earnings strength/cash flow generation in the second half of the year.

Q: We are in the midst of a blackout window for share repurchases, which occurs four times a year around quarterly earnings. Does that mean companies can’t buy stock?

A: No. The other rule relevant to share repurchase programs is 10b5-1. The SEC enacted this rule in 2000 to provide senior executives, who have a desire to sell equity, an affirmative defense to any charge of insider trading, by adopting a written plan to sell at a time when they are not in possession of material non-public information (MNPI). The plan is a written contract between the individual and their broker, and contains very specific instructions on trade dates, sale parameters, etc. Though the plan may extend through a blackout window when the individual possesses MNPI, because it’s ultimately on auto-pilot, the executive is protected. Companies have applied this same safe harbor to buyback programs, enacting plans before the blackout window that will run on auto-pilot during the window. Very little public information is available on 10b5-1s, but an internal analysis of 350 companies suggests that approximately 85% of companies utilize them to continue to purchase stock during closed windows. Companies do tend to be more conservative than in the open window (when they have access to real time information); we observe a notional spend reduction of ~30% during the blackout window.

Q: How do companies judge the success of their stock repurchase programs?

A: From an execution standpoint, most companies judge the success of their program by comparing the average price at which they’ve purchased their shares on any given day, to the volume weighted average price (VWAP)—a daily benchmark that is readily available on Bloomberg. If their purchase price is below VWAP, they’ve “saved” money. Given the billions of dollars spent annually on share buybacks today, senior management and more frequently, corporate boards, have become increasingly focused on execution performance versus the daily benchmark, in some cases adjusting the structure of their program to specifically achieve this. In my view, this narrow focus on daily VWAP has the potential risk of missing more attractive valuation opportunities.

Q: How would you judge investor focus on stock buybacks today?

A: Focus from the buy side community is at an all-time high, with investors frequently questioning whether the very strong corporate bid we’ve observed over the past decade will persist, and looking at this as a potential harbinger of equity market performance. But if investors are looking to share repurchases for market direction, they are probably one or two quarters behind; corporate earnings drive share repurchases—not the other way around.

Q: Do you see any evidence that the corporate bid is diminishing, especially given increased focus in Washington, DC?

A: Not currently. Share repurchase authorizations are up approximately 13% yoy, which is remarkable given the surge in buybacks last year. And more broadly, the US economy continues to do reasonably well, the Fed appears to be on pause, and US-China trade negotiations are moving in the right direction. So we have little reason to believe that US corporates will not continue to generate strong free cash flow, which, as I mentioned, has historically been the primary driver of stock repurchases.


          I’m Jumping Off the Trump Train: Assange Was the Last Straw      Comment   Translate Page      


I’m Jumping Off the Trump Train: Assange Was the Last Straw

I’m Jumping Off the Trump Train: Assange Was the Last Straw


On March 6, 2016, this Deplorable issued a statement formally endorsing Donald J. Trump for the presidency of the United State.
I now hereby withdraw that endorsement.
No doubt this declaration from your Working Boy will be greeted with the same deafening indifference as my earlier less than earth-shattering announcement of support.
Keep calm. The planet will continue to spin on its axis at a 23.44 degree tilt.
As I tweeted on April 4, when it appeared that Ecuadorian President Lenín [sic] Moreno was going to cough up Julian Assange:
“If this comes to pass & #JulianAssange is brought to #US in chains like a Gaulish chieftain in a Roman triumph can we definitively declare that any possible #Trump revolution is over & the #DeepState won?”
A quick perusal of social media since Assange’s arrest shows that many others have reached a similar conclusion.
But why? To be sure, there have been other betrayals. The two strikes on Syria on phony chemical warfare accusations come immediately to mind. Or Trump’s failure to build the Mexican wall, coupled with repeated humiliating defeats in Congress with the predictability of Charlie Brown’s getting suckered by Lucy into trying to kick the football.
At the same time there were excuses. On Syria, maybe the President was fed false intelligence. Or maybe Ivanka was upsetDaaaddyyy, you have to dooo something! Or maybe Trump knew the CW accusations against Damascus were fake but felt he had to act (an ominous sign in itself) to deflect charges of being Putin’s puppet, hence what could be deemed deliberately pinprick pro forma strikes. On the wall, well you can’t trust lawyers’ advice, he just doesn’t understand his legal authority well enough, or maybe he…
But the Assange arrest and his upcoming renditi– – oops! – extradition to the United States are different.  There’s no nuance. No excuse. No false intel report. No poor legal advice.
It’s plain and simple. The same entities (Deep State, permanent government, the oligarchy, the Borg, whatever term you like) that targeted Trump with the phony Russia collusion narrative  want Assange’s scalp nailed to the wall. It’s one thing for favored outlets like the Washington Post and CNN to disseminate classified information that favors the Deep State, quite another to reveal information contrary to its interests. As the premier dispenser of embarrassing secrets that facilitates online dissidence from the established narrative (also under attack by governments and their tech giant accomplices) an example must be made of Assange pour encourager les autres. He can count on being sentenced to rotting for decades in a nasty Office Space federal prison (the US will gladly waive the death penalty to spare the Brits’ prissy Euro-consciences) but may very well die soon enough of natural causes, perhaps like Slobodan Milošević.
An essential role in Assange’s betrayal by Moreno was played by Trump’s Veep Mike Pence and Secretary of State Mike Pompeo. Former President Rafael Correa says a direct condition of Moreno’s getting a $4.2 billion IMF loan was Assange’s head on a platter. That’s a lot more plausible than establishment media reports that Assange was ejected for transgressing the Ecuadorians’ fastidious hygiene standards, which (whether based in fact or not) are just cynical defamations to justify his upcoming lynching.
It’s irrelevant whether Trump – who theoretically is the boss of all US agency operatives working with their Brit colleagues to get their mitts on Assange – let the nab go forward because he was unwilling to order his minions to stand down or was powerless to do so. In that regard, it’s similar to pointlessly asking why he has the terrible, horrible, no good, very bad national security team he does. Is it because of “Javanka”? Is it because he’s beholden to a gaggle of oligarchs? (Supposedly his being a self-financed billionaire made him immune from such influences.)  Is it areflection of a personality disorder?
In the end it doesn’t matter why, all that matters is what is. With Assange’s arrest Trump is now exposed as the wholly owned subsidiary of the Swamp he ran against.  He’s now just a wheel fixed to an axle. All he can do now is it spin.
In my 2016 endorsement I asked the questions – only questions, not predictions – of what Trump might hopefully accomplish:
‘Can we trust Trump? Will he build his wall and secure our borders? Renovate our deteriorating infrastructure? Restore our manufacturing base? Audit the Federal Reserve and defenestrate the banksters? Restore the GOP’s long-lost reputation (now hardly remembered by anyone) as the “Peace Party” that got us out of wars the Democrats started? Sign a bill to defund Planned Parenthood, as long as they continue to perform abortions (which they will)? Exclude actual or potential Islamic terroristsDump our freeloading so-called “allies”? Cease the PC trashing of every tradition in which Americans once took pride? Reunite a nation sundered by Barack Obama and the GOP mandarins, with their divide et impera Punch and Judy show of class and racial discord?
‘Can Trump really “Make America Great Again”? Or at least slow our decline and give our country another chance?
‘I don’t know.  But I do know that none of the more mannerly politicians served up by the oligarchy will.
“Trust not in princes…” (Ps. 146:3) Neither Trump nor any other politician should be accepted on blind faith. Who really can say if Trump can win or if he does how he would govern. Who can say what’s really in his mind and heart or if, in God’s eyes, he’s a good man or a bad one. But given the dire warning from the likes of Mitt Romney, I like the odds with Trump better than with any of the available alternatives. When the character of his enemies is considered – particularly Warfare State neoconservatives (some of whom at least have the honesty to defect openly to Hillary) – my willingness to gamble on him only increases.’
Even in retrospect it was then a gamble worth taking, indeed the only responsible choice given the horrifying alternative. More, given what Trump promised that departed from the usual nonsense served up by the GOP, the fact that Trump got the nomination instead of the NPCs on the shelf was itself perhaps a sign of that the historic American nation still had a fighting chance.
As for what we hoped he might deliver to “Make America Great Again,” we can see now that the answers to all of the above questions are and will remain an emphatic No. Sure, we got a marginally better tax bill passed, something that any Republican White House and Congress would have done. He may have made minor progress on trade.  If we are really lucky, he’ll get another Supreme Court pick and Roe v. Wade will be overturned – marvelous to be sure, but it won’t same this country.
Trump has utterly failed to control the border, much less deal with related issues like remittances, birthright citizenship, and aliens illegally voting. As retired Army Colonel Douglas Macgregor observes: “Surely, Trump should have concluded by now that without an Executive Order that commits the U.S. Army to the defense of the southern border and limits cross-border traffic to legitimate commercial activity, mass illegal immigration will not stop… In a word, Trump refuses to take command and match rhetoric with action, then he will join the pantheon of failed presidents that promised the world only, this time, the American Republic’s existence hangs in the balance.”
Unfortunately, Trump’s appointees – uniformly neoconservatives, Bush-era warmongers, and GOP apparatchiki – have better things for our military to do than defending our own country, to which they are at best indifferent. We can be thankful that Trump hasn’t started any new wars, yet, but his underlings’ dogged commitment to regime change in Venezuela and Iran may change that. His outreach to North Korea hangs by a thread in the face of blatant attempts to sabotage it.
One hopes that at least some animal-level gut instinct will preclude Trump’s crossing that dark river and ruining what’s left of his presidency as George W. Bush did in Iraq. If his lunatics are reckless enough to stumble us into a war with Russia, Trump’s reelection will be the least of anyone’s concerns.
Even without a war his remaining time in office will not be the revival of America that he promised. Let’s keep in mind that for many decades now transformative Democratic presidents have not left this country the same way they found it: FDR, LBJ, Clinton, Obama. By contrast, Republican presidents’ tenures have been at best plateaus along our decline (Eisenhower, Reagan) or positively contributed (Nixon, the two Bushes) to the march of what the Left regards as “Progress” toward their abolition of the historic America and birth of a dystopian Cultural Marxist dictatorship of victims: a borderless, multiethnic, multilingual, multireligious, multisexual, ahistorical, fake country.
Perhaps the saddest thing is that even if he survives in office until the 2020 vote (and he might not) Trump still will almost certainly be the lesser of two evils, in the manner to which we have become accustomed. Despite his no longer representing a threat to the Swamp, the critters will continue to hate him anyway as an avatar of the America they seek to destroy: European ethnicity, Christian (culturally if not spiritually or morally), English-speaking, toxically masculine. He might even win, given the Wall Street and Democratic Socialist Democrats’ ripping each others’ guts out and the solid 35 to 40 percent of the folks who think from Trump’s tweets and stump speeches he’s actually delivering on his promises.
Either way, though, the outcome will be the same. The man who had what is almost certainly to have been the last peaceful, political chance save what’s left of the American republic will thrash around for a few more years, having become little more than a catalyst for our nation’s demise and perhaps its dissolution.
This is not to say that there is no hope. Maybe tomorrow Trump will pardon Assange. Maybe he’ll decide to militarize the Mexican border. Maybe he’ll fire his whole national security team and, for good measure, pull us out of Afghanistan, Syria, Iraq – and NATO. Maybe Barr really will hold the FISA miscreants to account. Maybe…
…maybe there will be an outpouring of miracles that match the one that occurred when Trump improbably was elected in the first place. But as is the case with miracles, the odds are not good.

River to Sea Uprooted Palestinian   
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!

          PRIDE AND PREJUDICE Comes to Cygnet Theatre      Comment   Translate Page      

The final show of Cygnet's sixteenth season brings fun, whimsy and modern-day humor to a beloved classic by Jane Austen. Pride and Prejudice runs May 15 through June 16, 2019. Opening Night for media is Saturday, May 18 at 8:00PM. The outspoken Elizabeth Bennet faces mounting pressure from her status-conscious mother to secure a suitable marriage. But is marriage suitable for a woman of Elizabeth's intelligence and independence? Especially when the irritating, aloof, self-involved tall, vaguely handsome, mildly amusing, and impossibly aristocratic Mr. Darcy keeps popping up at every turn. Literature's greatest tale of latent love has never felt so theatrical or so full of life as it does in this effervescent new adaptation. Hamill's Pride and Prejudice garnered Best Theatre of 2017 from Huffington Post and was a Wall Street Journal Critic's Pick.

Director Rob Lutfy says of this much-heralded play, "Hamill has kept the heart of this story but updated it for a modern audience that might be more familiar with themes like intersectional feminism. We go back to Austen because she is so relatable, she gets our species. Our jealousies, our loves, our desire for comforts, our desire to climb the social ladder. Kate plays off of Austen's unique understanding of the social boundaries of the time and what happens when you put women into a box. In each of her novels there is a similar lesson that honor matters, that integrity matters. In the world today, that's a good reminder."

Kate Hamill is an award-winning actress and playwright. She was named Wall Street Journal's Playwright of the Year in 2017 and was one of 2018-2019's top 5 most-produced playwrights nationally. Her bio states, "She is deeply passionate about creating new female classics: stories that center around complicated women. Her work as a playwright celebrates theatricality, often features absurdity, and closely examines social and gender issues - as well as the timeless struggle to reconcile conscience/identity with social pressures."

The tenacious Lizzy is played by Jacque Wilke (Stupid F**king Bird). The role of austere and enigmatic Mr. Darcy is played by Steven Lone (The Last Wife). The comically gifted, ever-talented cast, many of whom play multiple characters, includes Adrian Alita (Shockheaded Peter), Kevin Hafso-Koppman, Jake Millgard, Michelle Marie Trester (The Effect of Gama Rays on Man in the Moon Marigolds), Joy Yvonne Jones, and Shana Wride (The Whale).

The creative team includes Michael Mizerany as Choreographer/Assistant Director and Sean Fanning as Set Designer. Chris Rynne is Lighting Designer and Melanie Chen Cole is Sound Designer. Costumes are by Shirley Pierson, and Peter Herman will provide wigs and makeup. Rachel Hengst is Properties Designer. Dean Remington will stage manage.
Tickets are on sale now and may be purchased in person at the box office located at 4040 Twiggs Street in San Diego Old Town Historic State Park, by calling 619-337-1525 or by visiting www.cygnettheatre.com. Children 15 and under receive half price tickets with each paid adult.


          Disney hits record on streaming plans; Netflix slips      Comment   Translate Page      

Disney hits record on streaming plans; Netflix slipsShares of Walt Disney Co touched an all-time high on Friday after Wall Street analysts said the aggressive pricing of its new video streaming service could help it better compete with Netflix Inc. Netflix's shares fell about 4 percent after Disney priced its streaming service, Disney+, at $6.99 per month, below the video streaming pioneer's basic plan of $8.99. "Investors find a lot of promise in Disney's offerings because it's well positioned to fight the likes of Netflix for consumers' money," said Clement Thibault, analyst at global financial markets platform Investing.com.



           Comentariu la DIVERSE STIRI SI INFO…… : de anitanna       Comment   Translate Page      
<div style="margin:0;padding:13px;border:24px ridge #993366;vertical-align:baseline;text-align:center;"> <div style="margin:0;padding:10px;border:6px ridge;vertical-align:baseline;text-align:center;"> <div style="margin:0;padding:20px;border:0 ridge;vertical-align:baseline;text-align:center;background:#ff0000;"> <a href="https://i11.servimg.com/u/f11/19/61/71/78/fpfrhe10.png" rel="nofollow"><img src="https://i11.servimg.com/u/f11/19/61/71/78/fpfrhe10.png" style="max-width:100%;" /></a><br /> <span style="color:#0000ff;">Buna venit ,suflete minunate !<br /> Astazi,soarele a rasarit la orele,6:31 si va apune la orele,20.00;<br /> au trecut 104 zile din an si au mai ramas 261;<br /> suntem in a 15-a saptamana din an.<br /> Buna dimineata, ...cu LUMINA LINA ! Este ziua duminicii … si cea de culoare rosie din cafeneaua noastra de suflet-din cafenoteca ! <img class="emoji" alt="😀" src="https://s0.wp.com/wp-content/mu-plugins/wpcom-smileys/twemoji/2/svg/1f600.svg" /> <img class="emoji" alt="❤" src="https://s0.wp.com/wp-content/mu-plugins/wpcom-smileys/twemoji/2/svg/2764.svg" /> ; Asteptam si duminica in care cerul se va deschide…Raiul va fi deschis... si va veni LUMINA LINA pe PAMANT ! Suntem in asteptarea INVIERII DOMNULUI ! Mai avem doua saptamani,au trecut 5 saptamani din Post!<br /> …<br /> STIATI CA ?<br /> <a href="https://i62.servimg.com/u/f62/19/61/71/78/r-s6iz10.png" rel="nofollow"><img src="https://i62.servimg.com/u/f62/19/61/71/78/r-s6iz10.png" style="max-width:100%;" /></a><br /> S-a intamplat in lume - Ce s-a intamplat astazi 14 Aprilie de-a lungul timpului ? REPOSTARE : 2011 » A decedat Walter Breuning, cel mai batran om din lume (114 ani si 205 zile) 2010 » In China, are loc un cutremur cu magnitudinea de 6,9 pe scara Richter soldat cu moartea a 400 de persoane 2007 » In Rusia, fostul campion la sah, Gari Kasparov, este arestat pentru ca ar fi participat la un mars interzis de autoritati 2000 » In SUA, are loc caderea bursei din New York, de pe Wall Street 1998 » La comemorarea a 100 de ani de la nasterea lui George Gershwin, Comitetul Pulizter ii confera o mentiune speciala post-mortem pentru contributia importanta adusa muzicii americane 1994 » Jacqueline Kennedy Onassis este operata de ulcer cu nisa (cu sangerare) 1992 » Embargoul impus de ONU impotriva Libiei intra in vigoare 1989 » In China se naste cetateanul cu nr. 1.100.000.000 1988 » Uniunea Sovietica, SUA, Pakistan si Afghanistan semneaza Tratatul din Afghanistan 1987 » Turcia isi arata dorinta de a se alatura Pietei Europene 1986 » A decedat Simone de Beauvoir, scriitoare franceza 1986 » In Africa de Sud, Desmond Tutu este ales arhiepiscop anglican in Capetown 1973 » In SUA, Directorul FBI, L. Patrick Gray, demisioneaza dupa ce recunoaste ca biroul a distrus dovezi in afacerea Watergate 1971 » Presidentintele SUA, Richard Nixon, pune capat blocadei asupra Chinei 1962 » A decedat Constantin Ionescu-Mihaesti, unul dintre intemeietorii Institutului Ion Cantacuzino 1962 » In Romania, este instituita pe calea unui Decret medalia "In cinstea incheierii colectivizarii agriculturii" 1962 » In Franta, alegerile sunt castigate de catre Georges Pompidou, care devine presedintele Frantei 1958 » Nava spatiala sovietica Sputnik 2 arde in atmosfera (la bord se afla cateaua Laika) 1949 » In Germania, Tribunalul Militar International din Nurenberg emite ultima hotarare judecatoreasca 1945 » In timpul celui de al Doilea Razboi Mondial, Armata a 7-a a SUA si fortele aliate cuceresc Nuremberg si Stuttgart (Germania) 1945 » In timpul celui de al Doilea Razboi Mondial, orasul Arnhem este eliberat de sub ocupatia germana 1945 » In timpul celui de al Doilea Razboi Mondial, Puscasii marini ai SUA ataca Yae Take in Okinawa 1945 » In timpul celui de al Doilea Razboi Mondial, fortele armate ale SUA cuceresc peninsula Motobu din Okinawa 1944 » In timpul celui de al Doilea Razboi Mondial, Generalul Eisenhower este numit Comandant al Fortelor Aeriene Aliate 1944 » In timpul celui de al Doilea Razboi Mondial, primii evrei adusi din Atena ajung la Auschwitz 1943 » S-a nascut Rodica Mandache, actrita romanca 1943 » In timpul celui de al Doilea Razboi Mondial, Generalii Alexander, Eisenhower, Anderson si Bradley planifica aspecte ale asaltului din Tunisia 1941 » In timpul celui de al Doilea Razboi Mondial, are loc primul mare raid nazist in Paris. 3.600 de evrei sunt adunati 1941 » In timpul celui de al Doilea Razboi Mondial, dupa ocuparea Yugoslaviei, de catre germani, Regele Petru, paraseste Yugoslavia 1935 » S-a nascut Erich von Däniken, scriitor elvetian, autorul lucrarii "Amintiri despre viitor" 1934 » Cantecul simfonic op.57 de Serghei Prokofiev este interpretat pentru prima data in Moscova. Piesa este un adevarat dezastru. Conform lui Nikolai Myaskovsky: "Au fost literalmente trei aplauze in sala" 1931 » In Spania, in urma unui referendum, este proclamata republica, Regele Alfonso al XIII-lea, paraseste Spania, fara a abdica 1929 » S-a nascut Octav Pancu-Iasi, scriitor, publicist si scenarist (d. 1975) 1925 » S-a nascut Rod Steiger, actor american 1924 » S-a nascut George Munteanu, critic si istoric literar 1924 » In Romania, la Bucuresti. este infiintata, Asociatia Romaneasca pentru Liga Natiunilor 1921 » S-a nascut Thomas Schelling, economist american, laureat al Premiului Nobel pentru economie 1914 » Stacy G. Carkhuff patenteaza anvelopa anti-derapanta 1912 » Vasul de lux TITANIC se loveste de un iceberg din Newfoundland si se scufunda in dimineata zilei de 15 aprilie. 1904 » In Marea Britania, la Londra are loc premiera piesei Candida, de George Bernard Shaw 1903 » In SUA, la New York, Dr. Harry Plotz descopera vaccinul impotriva febrei tifoide 1902 » Marie si Pierre Curie izoleaza elementul radioactiv radium 1894 » Kinetoscopul (imagini miscatoare - film) lui Thomas Edison este aratat publicului pentru prima data 1893 » Primarul orasului Roma ii confera lui Giuseppe Verdi titlul de cetatean de onoare 1891 » In Spania, la Madrid, a fost semnat Acordul de la Madrid in problema Conventiei internationale de combatere a marcilor false privind provenienta marfurilor 1887 » Debutul seriei "Reigate Squires" care il are ca personaj central pe Sherlock Holmes 1885 » S-a nascut Iuliu Hatieganu, medic roman 1884 » In Imperiul Austro Ungar, in Transilvania, la Sibiu, apare publicatia politica si culturala "Tribuna 1865 » Abraham Lincoln, al 16-lea presedinte al SUA (1860-1865) este impuscat de John Wilkes in Teatrul Ford 1863 » William Bullock patenteaza presa de tipar cu "invartire permanenta" 1861 » In SUA, Generalul Robert E. Lee demisioneaza din armata Unionista 1859 » Charles Dickens publica "Poveste din doua orase" 1857 » Gioachino Rossini dedica "Musique anodine" sotiei sale, Olympie 1856 » Clara Schumann isi face debutul londonez in Hanover Square Rooms pe muzica lui Beethoven (este apreciata ca fiind "o senzatie pozitiva, chiar si pentru cei care sunt miscati sufleteste cu greu") 1853 » In SUA, Harriet Tubman incepe sa ajute sclavi sa evadeze prin intermediul "caii ferate subterane" 1849 » Johannes Brahms sustine, in Hamburg, un al doilea recital de pian cu muzica de Beethoven, Thalberg si creatii proprii. Brahms primeste primele recenzii favorabile 1842 » Cantecul "Absence" op.7/4 de Hector Berlioz este interpretat pentru prima data in casa lui Mortier de Fontaine din Paris 1841 » Edgar Allen Poe publica "Crimele din Rue Morgue" 1833 » "Intrata di Rob-Roy Macgregor" pentru orchestra, de Hector Berlioz, este interpretata pentru prima data in Conservatorul din Paris (este un esec) 1828 » Lexicologul si publicistul american Noah Webster si-a insusit drepturile de autor ale primei editii a dictionarului care-i poarta numele 1759 » A decedat George Frideric Handel, compozitor (moare la 8 dimineata, in casa sa din Brook Street, Londra. Avea 74 de ani, o luna si 22 de zile) 1611 » Cuvantul "telescop" este utilizat pentru prima data de Printul Federico Cesi 1574 » In Tara Romaneasca, la Jiliste, are loc Lupta de la Jiliste, dintre Domnul Ioan Voda cel Viteaz si pretendentul la tron Petru Schiopul 1558 » Regina Mary Stuart a Scotiei se casatoreste cu Printul mostenitor francez Francois 1510 » Intre 24 aprilie 1510 si 20 noiembrie 1511, Neagoe Basarab indeplineste functia de mare comis in Tara Romaneasca 1457 » In Moldova, are loc Batalia de la Orbic, dintre Stefan cel Mare pretendentul la tron si domnul Moldovei Petru Aron 1400 » In Moldova, este inscaunat Domn al Moldovei, Alexandru cel Bun, sub titulatura de Alexandru I cel Bun 1370 » In Franta, la Paris incepe constructia fortaretei Bastille 65 » A decedat Seneca, filozof stoic roman Vezi toate evenimentele de astazi pe:www.infoazi.ro https://s26.postimg.cc/xx4p3e2ix/f-_Aiy_Mldbg-_CGu_LYQC1s_JGnc_Cfa_YGN4_LEPtk_FZ5_Rz_L5f_BPf9rko_Wsdr_Gapa4i0c7.gif <br /> </span></div> </div> </div> <p></p>
          Saturday's News Links      Comment   Translate Page      
[Reuters] Criticism mounts of Trump pick for U.S. Federal Reserve

[Reuters] Take Five: Wall Street calling! World market themes for the week ahead

[Reuters] Kuroda brushes aside view BOJ has run out of tools to ease monetary policy

[Reuters] Pompeo says U.S. won't quit fight in Venezuela, defends sanctions

[Reuters] North Korea's Kim Jong Un gives U.S. to year-end to become more flexible

[NYT] U.S. Retail Stores’ Planned Closings Already Exceed 2018 Total
          Stocks rally, lifting S&P 500 to its third winning week in a row      Comment   Translate Page      

Stocks notched solid gains on Wall Street on Friday, finishing an uneven week of trading on a positive note.

The strong finish gave the benchmark Standard & Poor’s 500 index its third consecutive weekly gain. The index is now down less than 1% from the all-time high it set Sept. 20, reflecting...


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$DoE: Dow Jones: The Wall Street Journal is seeking visuals producers to join its Off-Platform team. Visuals producers ensure that The Wall Street Journal's social ... New York, NY
          Front-End Storytelling Developer / Editor,      Comment   Translate Page      
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$DoE: Dow Jones: The Wall Street Journal is seeking visuals producers to join its Off-Platform team. Visuals producers ensure that The Wall Street Journal's social ... New York, NY
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          Tym będą żyły rynki: Polska, Wall Street, rating      Comment   Translate Page      

W wielkotygodniowym kalendarium makroekonomicznym na pierwszy plan wysuną się dane z Polski. W USA rozkręcał będzie się sezon wyników za pierwszy kwartał.


           Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why       Comment   Translate Page      

One day before Democrats on the House Financial Services Committee held an historic grilling of the CEOs of the mega banks on Wall Street, the nonprofit watchdog, Better Markets, released an in-depth research report on “Wall Street’s Six Biggest Bailed-Out Banks: Their RAP Sheets & Their Ongoing Crime Spree.” The report detailed facts, figures and this inescapable conclusion


           Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why       Comment   Translate Page      

One day before Democrats on the House Financial Services Committee held an historic grilling of the CEOs of the mega banks on Wall Street, the nonprofit watchdog, Better Markets, released an in-depth research report on “Wall Street’s Six Biggest Bailed-Out Banks: Their RAP Sheets & Their Ongoing Crime Spree.” The report detailed facts, figures and this inescapable conclusion...


          Meet the most powerful Goldman Sachs banker you've never heard of; Silicon Valley has made top data-science talent too expensive for many hedge funds      Comment   Translate Page      

 

Dear Readers,

It was "millennial money week" here at BI, where we got the results back from an INSIDER and Morning Consult survey that polled 4,400 young Americans on their spending habits. 

We published a number of stories based on the results. Here are some of the key findings. 

If you're new to the Wall Street Insider newsletter, you can sign up here.

Finances

1) Twenty-eight percent of millennials think they're worse off financially than they thought they'd be a decade ago.

2) A variety of economic factors have played a role in delaying some millennials' wealth-building process. The Great Recession, student-loan debt, and a higher cost of living have made it difficult for millennials to save.

College

1) Nearly half of millennials who have or have had student-loan debt think college wasn't worthwhile.

2) The divide between people who do think college was worth it and those who don't is clear: Millennials who are still paying off their student-loan debt feel worse about having gone to college than millennials who have already paid off their debt.

Retirement

1) Many Americans expect to buy a house or retire one day but aren't saving for it.

2) One-quarter of millennials who expect to retire between ages 66 and 75 have no retirement savings account.

3) Nearly half of Gen Xers have no retirement account, despite most expecting to retire between 56 and 75.

But, despite all of these money worries, our survey shows that millennials aren't curbing their spending. In fact, if given an extra $1,000 in a month, millennials and baby boomers would spend similarly. And while millennials are delaying major life events such as buying a house and having kids (due in large part to massive student loan debt), they aren't abandoning these things entirely. 

Bottom line: millennials have been accused of killing razors, mayo, golf, weddings, beer, and cereal. The rationale for this (at least according to the Fed) has been that it's because younger Americans don't have as much money to spend than previous generations. But the truth is a lot more complicated. 

Thanks for reading and have a great weekend! 
Olivia


Rich Friedman goldman sachs merchant banking

'It's good to be Rich': Meet the Goldman Sachs banker who has built a private investing empire that goes head-to-head with Blackstone — and you've probably never heard of him

The Champagne was flowing in February 2018 when the Goldman Sachs executive Rich Friedman welcomed a couple hundred guests to the Rainbow Room. The Manhattan landmark, opened in 1934, offers a menu with beef Wellington and baked Alaska and serves a $162 brunch. Overlooking Manhattan from the 65th floor of Rockefeller Center, guests danced and chatted as Stevie Wonder played piano.

On the surface, the event was a celebration of Friedman's 60th birthday. But it could have easily been a celebration of a Goldman Sachs career entering its golden years. Therecent retirement of CEO Lloyd Blankfein made Friedman the longest-tenured partner at Goldman.

Since 1991, Friedman has built the bank's private-investing activities into a sprawling collection of funds that have invested more than $180 billion in real estate and infrastructure, private equity, and credit markets that often competes with flashier investment firms like Blackstone, Carlyle, and KKR.

Though advocates put him in the pantheon of buyout greats, Friedman hasn't enjoyed the same name recognition as men with names like Schwarzman, Kravis, and Rubenstein. That's by design, according to interviews with about a dozen current and former colleagues, clients, and competitors.

READ MORE HERE >>

Tim Throsby sent an email to Barclays' CEO with the title 'irreconcilable.' He warned that a plan to gut compensation by 20% and boost profitability was unrealistic.

Tim Throsby, a former JPMorgan banker hired by Barclays to much fanfare to run its investment bank, drafted an email over the weekend of March 23 to 24. By the time he got around to sending it to CEO Jes Staley, he was already out.

The subject line of the email, according to someone who had seen it, was "irreconcilable."

The email was sent to Staley and a number of other senior leaders on March 28, a day after Throsby's shock departure from Barclays was announced, and rehashed the concerns he held over his boss' strategy. The email said Staley planned for cost reductions and job cuts — including a 20% cut to total compensation — for Barclays International, as well as a reduction in reserves held in case of credit losses, according to the person.

READ MORE HERE>>

Silicon Valley has made top data-science talent too expensive for many hedge funds, so they're getting creative to compete

On one side, there are billions of dollars from the world's biggest investors ready to be run by your algorithm. On the other, there's a chance to work at the most talked-about companies on the planet —right as they promise to turn their employees into millionaires overnight.

The battle for top tech talent between Wall Street and Silicon Valley is nothing new, but it's reaching a fever pitch in the hedge fund industry, industry participants and consultants said, as both sides eye billions of dollars up for grabs thanks to a host of buzzy tech unicorns expected to go public, like Uber, Slack, and Pinterest.

This Silicon Valley gold rush has forced hedge funds to grapple with a problem they hardly ever run into: The industry is being outbid for the top talent.

READ MORE HERE >>

YieldStreet, a fintech company offering exotic investments in things like art, but experts are warning about the risk

Wealthy individuals who want to reap the financial benefits of investing in a Monet without actually owning an $80 million painting will soon have a new option.

YieldStreet, a financial platform that offers exotic investment products like marine finance and loans to law firms to the mass affluent, is buying an company called Athena Art Finance from private equity firm Carlyle in a deal valued at $170 million. YieldStreet's 100,000 investors will be able to invest in art financing as a result of the deal.

The deal comes as more financial technology players are trying to open up access to investments previously reserved for institutional or ultra-wealthy investors, such as private equity. Earlier this week, Nasdaq and iCapital, a BlackRock-backed alternative investment company, said they're working to create a platform that will launch later this year to allow private fund investors to sell their stakes before the end of a fund's life.

READ MORE HERE >>

BlackRock-backed iCapital is teaming up with Nasdaq to create a private equity fund selling platform for wealthy investors

As wealthy individuals get into private equity and other illiquid investments in greater numbers than ever, they're increasingly looking for ways to get out, too.

Institutional investors, who long dominated strategies like venture capital, private equity real estate, and private credit, have worked with advisers to sell their fund stakes on the secondaries market. That option hasn't been available to individual investors, who may not be able to keep their capital locked up for the decade or longer that a private fund requires.

Nasdaq and iCapital, a BlackRock-backed alternative investment company, are now seeking to give investors that option by creating a platform that will launch later this year, executives told Business Insider.

READ MORE HERE >>

An inside look at Digital Asset, the blockchain company that's shifting strategies as Wall Street loses interest in the technology

A blockchain company that no longer deals solely with blockchains.

Digital Asset made a name for itself as a leader in how distributed-ledger technology would be implemented on Wall Street when it burst onto the scene in 2014. Big-name backers, large funding rounds, and a former high-profile bank executive caused it to turn heads.

Five years later the industry is still considering how best to implement distributed-ledger technology. While nearly every Wall Street firm has invested resources into investigating blockchains, real-world applications of the technology beyond pilot programs have been largely nonexistent.

READ MORE HERE >>

Wall Street move of the week:

Barclays just lost two more executives as Ravi Singh departs after only four months

In markets:

In tech news:

Other good stories from around the newsroom:

Join the conversation about this story »


          Tesla isn't the next Theranos — here are 10 reasons why (TSLA)      Comment   Translate Page      

Elizabeth Holmes

  • Tesla and Theranos are sometimes discussed in the same terms, as Tesla CEO Elon Musk has jousted with the SEC and former Theranos CEO Elizabeth Holmes faces criminal charges for accusations of fraud.
  • The Tesla-Theranos comparison, like the Tesla-Enron comparison, makes for fiery debates, but the comparison falls apart on closer scrutiny.
  • At base, Tesla has a product that's relatively easy to understand — cars — while Theranos product was shrouded in secrecy.
  • Visit Business Insider's homepage for more stories.


If you have the misfortune to follow or even periodically stumble across the discussion of Tesla impending bankruptcy on Twitter (#TSLAQ) or elsewhere on the internet, you're aware that the company is now often being compared to Theranos, the onetime $9-billion blood-testing startup that's now worth nothing and whose former CEO, Elizabeth Holmes, is currently facing criminal charges.

Tesla CEO Elon Musk has poured fuel on the #TSLAQ fire by running afoul of the Securities and Exchange Commission, just as Holmes did (she settled and was barred from serving as an officer of a public company for a decade). Tesla also added Oracle's Larry Ellison to its board — and Ellison was a Theranos investor.

As l'affaire Theranos has broken out of the business press. John Carreyou's Bad Blood, his account of Holmes' and Theranos' rise and fall, is a bestseller, with a film starring Jennifer Lawrence as Holmes in development. An HBO documentary premiered last month. A general climate of skepticism about Silicon Valley's "save the world" ambitions has also emerged in the aftermath of Facebook's scandals. 

Read more: The biggest question for Tesla is whether the company can make steady profits on its cars

This has all undermined the reality of Tesla and replaced it with a sort of wildly speculative canvas onto which assorted conspiracies and malfeasances can be painted. At base, Tesla is a relatively small auto company that, remarkably, has come to dominate the mostly abandoned electric-car business (there are more than a billion cars on the road worldwide, and almost none of them run on electricity).

Outlandish enthusiasm on Wall Street for the future of electric cars — coupled with too much money sloshing around in the economy thanks to post-financial crisis government action — has minted a stupid-high stock price for Tesla and intensified the focus on the company. Tesla itself has struggled mightily with its manufacturing fundamentals, becoming an outlier in an industry that easily built over 17 million cars and light trucks in the US alone last year, while Tesla managed 250,000.

Looks bad, right? But is it Theranos bad? Hardly. Here's why:

FOLLOW US: On Facebook for more car and transportation content!

1. Nobody understood Theranos' product.

Theranos' small-sample blood tests were supposed to be executed using a device named "Edison" that accelerated diagnostics, lowered costs, and democratized lab work. But the device never worked, something that the company concealed. Holmes' claims about the technology evidently confused experts for years.

Superficially, Tesla's and Musk's commitment to automated manufacturing could be construed as sort of "Edisonian" — except that everybody in the auto industry understands automation and its limits. They also understand the end product, which is an automobile. It's pretty easy to tell if either the production system is flawed or the product is bad: the cars don't roll off the assembly lines; or the cars don't work.



2. Theranos never went public.

Tesla staged an IPO in 2010 and for nine of its 15 years in business has been compelled by law to expose its financials four times a year.

Theranos was founded in 2003 and had no legal obligation to report its financials until it collapsed in 2018.

An IPO isn't a perfect mechanism to open up a company to scrutiny. But investors have been able to analyze Tesla's balance sheet and financials for almost a decade.



3. Theranos was the only thing Holmes had ever done.

Holmes dropped out of Stanford to start Theranos when she was 19. She had no background in business nor startups.

Musk sold his first company in 1999 and parlayed that success into another company that would eventually become PayPal. He then sank all his money into Tesla and SpaceX. 

Consequently, Musk knew that a real product was going to be critical to Tesla's survival.



See the rest of the story at Business Insider

          The Uber IPO exposes how Saudi cash drives Silicon Valley innovation, and even the biggest tech companies can’t stop it      Comment   Translate Page      

Saudi Arabia Crown Prince Mohammed bin Salman

  • Uber's S-1 filing showed that Saudi Arabia's Public Investment Fund owns 5% of the company.
  • The Public Investment Fund is also a top investor in Softbank's gargantuan Vision Fund, which owns 16% of Uber — not to mention sizable stakes in companies like Slack, WeWork, and DoorDash. 
  • Saudi Arabia has been criticized for human rights abuses and repressive laws, so it's a problematic source of cash for Silicon Valley, which prides itself on changing the world.
  • But Silicon Valley is under attack like never before these days, and that's caused a cynical search for stability that seems to have made taking Saudi money a non-issue. 

Silicon Valley's relationship with an undemocratic regime that has a troubling human rights record is in the spotlight. 

President Donald Trump has spoken out about it. Lawmakers are debating ways to stop the flow of money and data between the two.

The adversary in this cross-border drama is China, which has raised alarm bells in the US as it bulks up its homegrown tech industry and arouses suspicion of spying and influence.

However, there's much less fuss about the cozy ties between another repressive foreign power and Silicon Valley. 

Saudi Arabia's presence in Silicon Valley is greater than it's ever been. 

That became especially clear on Thursday when Uber filed its IPO paperwork. We learned from the S-1 filing that the kingdom's Public Investment Fund owns 5.2% of the ride-sharing company. 

The figure might actually under-count Saudi Arabia's influence within Uber. Softbank, the Japanese tech conglomerate, owns a 16.3% stake in Uber through its Softbank Vision Fund. The biggest investor in the Vision Fund is Saudi Arabia, which contributed $45 billion of the fund's massive $100 billion bankroll

Mohammed bin Salman and Masayoshi Son SoftBank

The Vision Fund is Silicon Valley's undisputed kingmaker today, writing big checks and amassing stakes in high-flying startups such as WeWork, Slack, DoorDash and GM Cruise. That means Saudi cash is essentially funding much of Silicon Valley's innovation.

As the New York Times pointed out in October, this gusher of Saudi money is an inconvenient truth for an industry that prides itself on making the world a better place.

From space to augmented reality, Saudi cash is everywhere

Some basic facts about Saudi Arabia: It's a place where torture and arbitrary arrests are widespread, according to Amnesty International; a place where women are not allowed to travel abroad without the permission of a male "guardian." It's the leader of a coalition blamed for airstrikes in Yemen responsible for thousands of civilian deaths and injuries. 

And then there's the gruesome killing of Saudi dissident journalist Jamal Khashogghi, which, according to the CIA's initial conclusion, was ordered by Saudi Crown Prince Mohammed Bin Salman, the Wall Street Journal reported.

In other words, Saudi Arabia is antithetical to everything tech companies' altruistic mission statements claim to stand for.  

Saudi money may be more prevalent in tech now, but it's not new. Prince Alwaleed bin Talal was an early investor in Twitter, and at one point owned a stake larger than cofounder Jack Dorsey's. (Alwaleed was himself detained — in a Ritz Cartlon hotel — for three months in 2017 by his cousin Prince Mohammed, the current leader of the country).

And the Saudi Public Investment Fund is also a shareholder in Magic Leap, Tesla and Virgin Galactic, according to research firm CB Insights. Whether you're in augmented reality or outer space, there's no escaping Saudi money.

A 2018 Quartz article cites an estimate by research firm Quid that Saudi investors directly participated in tech investment rounds totalling at least $6.2 billion during the previous five years.

dara khosrowshahi fortune uber

Uber CEO Dara Khosrowshahi backed out of a conference organized by Prince Mohammed last year after the Khashogghi killing, as did now-former Google Cloud CEO Diane Greene. But for the most part, there's been little pushback among tech startups when it comes to accepting Saudi or Softbank money.

Uber's winds of change

So why is Silicon Valley okay with Saudi money? 

It's true that we live in a world that runs on oil — so drawing a moral line isn't easy when you're pumping gas into your car every day. 

Maybe the tech industry thinks it's bringing the winds of change.

After all, when Uber announced its Saudi investment in 2016, women weren't allowed to drive.

“Of course we think women should be allowed to drive,” Uber's Jill Hazelbaker told the New York Times at the time. “In the absence of that, we have been able to provide extraordinary mobility that didn’t exist before — and we’re incredibly proud of that.”

And two years later, change did happen when the ban on women driving was officially lifted.

Did Uber's presence in Saudi Arabia cause the change? It's impossible to say with certainty, but I'd wager not. 

Much more likely is that Prince Mohammed, looking for a way to burnish his credentials as a "reformer" when he rose to power in 2017, saw the controversial driving ban as an easy and expedient thing to jettison in exchange for goodwill.

The notion of working from the inside to bring about change has a long and not-so-great track record in tech. Think back to Google contorting itself into a pretzel to justify its introduction, and then withdrawal, of a search engine in China. When outrage recently erupted over Google's secret plans to make a new censored search app for China, the company didn't even try to justify itself with a "change from within" argument.

Tech businesses don't really want a revolution

You may ask, at this point, why more companies don't take a stand and turn down Saudi cash. 

The sad reality is that companies are more interested in preserving the status quo that their businesses are built on than in bringing about change; even the "disruptive" tech companies.

That's especially true today, as tech companies are under siege from all sides, blamed for disrupting our privacy, our elections and our children's attention spans. 

donald trump orb saudi arabia

Thinking differently is great marketing copy when it sells gadgets. But there's little upside in leading a revolution if it scares away customers. 

Look no further than Google's app store. Thanks to an app called Absher, Saudi men can direct where women travel, and receive alerts when women use a passport to leave Saudi Arabia. After Insider's Bill Bostock investigation into this wife-tracking app, US lawmakers demanded that Google remove Absher from its app store.

Google refused to pull the app. It argued that the app does not violate its terms of service.

Right now, the tech industry's terms of service are clear. Whether it's about policies, products or investors, the golden rule is stability. 

SEE ALSO: Uber can't decide whether cofounder Travis Kalanick is an asset or a liability, and it makes for an awkward but revealing IPO filing

Join the conversation about this story »

NOW WATCH: Watch Google's Stadia video-game-platform event in 5 minutes


          Here are the 8 clothing companies that could take Patagonia's place as the new keeper of the 'Midtown Uniform'      Comment   Translate Page      

Hedge Fund Guys

  • Following Patagonia's recent decision to be more selective with the number of new clients it will brand apparel for, a market gap has opened for other clothing companies to work with Wall Street and Silicon Valley firms.
  • Patagonia's fleece vests are a key part of finance bros' typical outfit, known as the 'Midtown Uniform' — slacks, a dress shirt, and a vest. 

From the disruptive nature of new technology, to the rising number of agile competitors in the space, Wall Street's list of concerns grows bigger every day.

However, arguably a bigger issue was raised across trading floors earlier this month: The future of the 'Midtown Uniform'.

Patagonia, a critical part of many Wall Street employees' daily outfits, recently decided it would be more selective with the number of new clients it will brand apparel for. The company is focusing on working with "more mission-driven companies that prioritize the planet", potentially excluding some Wall Street and Silicon Valley firms. The American clothing company's fleece vests are an integral part of what is commonly referred to as the 'Midtown Uniform': slacks, a dress shirt, and a vest.

So an opportunity has risen for another clothing company to be the go-to outfitter for the 20-something bankers, hedge funders and technologists. 

Here are eight companies that have the potential to fill the void left by Patagonia based on conversations with those in the industry and the reporter's own personal experience.

Vineyard Vines

For many, this is a natural fit to replace Patagonia. Founded in tony Martha's Vineyard, Vineyard Vines is the male equivalent of Lily Pullitzer. The brand is also already the clothing of choice for many hedge funders during their weekend trips to the Hamptons. 

 



Helly Hansen

The Norwegian clothing company might be the perfect foreign substitute for Patagonia. With its wide range of cold-weather apparel, there's a good chance finance bros might already have some Helly Hansen tucked away in their ski houses. 

 



Arc'teryx

The Vancouver-based company has made big strides on the West Coast, which is home to most of the big tech companies that have their own twist on the 'Midtown Uniform' (jeans and a t-shirt instead of slacks and a button down).  However, one problem this pick might have is the fact finance bros seem unlikely to buy from a clothing company they'll struggle to pronounce.



See the rest of the story at Business Insider

          How Much Do You Really Know About This Kind of Stock?      Comment   Translate Page      

Here, I’ll offer an introduction to low float stocks — what they are, how you can benefit from trading them, and some of the best indicators and tips for how to get started with them.

The post How Much Do You Really Know About This Kind of Stock? appeared first on Wall Street Daily.


          Leve aumento del precio del crudo      Comment   Translate Page      
El precio del petróleo intermedio de Texas (WTI) subió este viernes un 0,4 % y cerró en 63,89 dólares el barril, en una nueva oscilación al alza gracias al contexto de optimismo en Wall Street y, sobre todo, a que las restricciones en Venezuela, Irán y Libia llevan a unos inventarios ajustados, se lee en un despacho de la agencia EFE, fechado en Nueva York el ultimo fin de semana.
          Avec la Maison Blanche en vue, les démocrates défient Wall Street      Comment   Translate Page      
(zonebourse.com) WASHINGTON (awp/afp) - En campagne électorale et au Congrès américain, les démocrates ne cessent de défier les géants de Wall Street, proclamant l'arrivée d'une "nouvelle ère" avec l'espoir de répondre à la colère d'une partie de leurs électeurs, toujours vive...
http://www.zonebourse.com/WELLS-FARGO-14861/actualite/Avec-la-Maison-Blanche-en-vue-les-democrates-defient-Wall-Street-28420714/?utm_medium=RSS&utm_content=20190414
          US STOCKS-S&P 500 climbs to near record high as earnings season shifts to high gear      Comment   Translate Page      

US STOCKS-S&P 500 climbs to near record high as earnings season shifts to high gearU.S. stocks climbed back to near record highs on Friday after the largest U.S. bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would pour cold water on Wall Street's big rally back from last year's slump. The S&P 500 has come within a percent of September's record closing high, regaining ground lost after a punishing sell-off in the closing months of the year which brought the benchmark index within a rounding error of bear market territory.



          Саудовская Аравия предлагала финансовую поддержку Хафтару в восторге ливийской столице      Comment   Translate Page      
Эр-Рияд предлагал финансовую помощь Ливийской национальной армии (ЛНА) фельдмаршала Халифы Хафтара в размере десятков миллионов долларов для обеспечения операции по захвату Триполи. Об этом в пятницу сообщила газета Wall Street Journal со ссылкой на источники в правительстве Саудовской Аравии....
          L’Apple Watch Series 5 conserverait un écran OLED      Comment   Translate Page      

La future génération d’Apple Watch (la Series 5 ?) sera sans doute sertie d’un écran OLED. Comme toutes les versions précédentes finalement, puisque c’est le cas depuis la toute première mouture de la montre connectée, en 2015. L’information est apparue au détour d’un article du Wall Street Journal sur la déconfiture de Japan Display.

Le sous-traitant est en effet en passe de changer de main. L’entreprise a été mise sur pied en partie en 2012 par le gouvernement japonais, en fusionnant les activités LCD de Hitachi, Toshiba et Sony. Il s’agissait à l’époque de souligner la puissance de l’industrie nationale de production d’écrans.

Après plusieurs années à perdre de l’argent, le groupe va basculer dans l’escarcelle d’investisseurs chinois et taïwanais. Cela aidera Japan Display à construire et consolider des nouvelles lignes de production au Japon et en Chine, d’après le directeur des opérations Yoshiyuki Tsukizaki. Et à fabriquer davantage de dalles OLED, notamment pour son gros client Apple, qui représente plus de la moitié du chiffre d’affaires du fournisseur.

D’après le WSJ, Japan Display devrait donc fournir les écrans OLED de l’Apple Watch, dont la nouvelle Series est prévue pour cette année. Toujours pas de Micro-LED comme la rumeur en prête l’intention à Apple depuis… 2016 ! L’Apple Watch Series 4 inaugurait la technologie LTPO pour son écran, qui pourrait se généraliser à d’autres produits.

Le constructeur californien investit beaucoup sur le front du Micro-LED, mais pour le moment rien ne semble vouloir en sortir (lire : Plus lumineux, plus fins, moins gourmands : Apple veut le contrôle total sur ses écrans MicroLED). Apple aurait de grandes ambitions avec ce type d’écran, qui pourrait se retrouver non seulement dans sa montre, mais aussi dans ses ordinateurs.


          Comment les démocrates américains veulent défier les géants de Wall Street      Comment   Translate Page      
En campagne électorale et au Congrès américain, les démocrates ne cessent de défier les géants de Wall Street, proclamant l'arrivée d'une "nouvelle ère" avec l'espoir de répondre à la colère d'une partie de leurs électeurs, toujours vive depuis la ...
          США предлагают России сдаться по-хорошему      Comment   Translate Page      
Фото: Zuma/TASS США необходимо установить диалог с Россией, чтобы предотвратить возможный ядерный конфликт. С таким призывом в материале «Угроза ядерной войны все еще существует» в Wall Street Journal выступили бывший госсекретарь Соединенных Штатов Джордж Шульц, бывший министр обороны Уильям Перри и экс-сенатор от штата Джорджия Сэмюэл Нанн. Авторы статьи считают, что отношения России и США зашли в тупик, а это может привести к опасной конфронтации и обернуться применением ядерного оружия. Уровень нависшей ...
          Individuals working for Wall Street, private equity and Big Pharma love to donate to Cory Booker      Comment   Translate Page      

Booker has sworn off corporate PAC contributions, but his biggest donors work in fields whose interests run counter to progressive priorities.

The post Individuals working for Wall Street, private equity and Big Pharma love to donate to Cory Booker appeared first on NationofChange.


          La semana de Wall Street: el objetivo de Uber, dudas sobre Disney+, Chevron ingresa al fracking y la reunión de primavera del FMI      Comment   Translate Page      
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          Condo development in this Arizona town is booming      Comment   Translate Page      
A development boom is making its way to parts of Arizona. As more people flock to Scottsdale, developers are taking note and building tall multifamily towers that contrast with the area’s abundance of single-family homes, the Wall Street Journal reports. Since 2010, city officials in the affluent town have issued building permits for about 8,400 new residential units. Paradise Valley, an even wealthier town close by Scottsdale, is experiencing a similar construction boom. Many of ... [more]
          Right wing media organizations openly propagandize on behalf of right wing politicians. What else is new?      Comment   Translate Page      
Right wing media organizations openly propagandize on behalf of right wing politicians. What else is new?

by digby



To my mind this piece from 2017 proves that Wikileaks behaved exactly like Breitbart and Fox News, advising their preferred candidate about strategy, running derogatory stories about his rival and covering for his crimes and corruption. Recall that Trump hired Steve Bannon directly from the Breitbart editor's job to formally run his campaign.

The difference, of course, is that Breitbart and Fox don't pretend to be a "radical transparency" organization devoted to exposing government power wherever they find it. They have no problem owning the fact that they are cheap, partisan whores who are working for the advancement of an authoritarian scumbag largely in order to own the libs. That's what Julian Assange did during the 2016 election. He's just less honest about it:

Just before the stroke of midnight on September 20, 2016, at the height of last year’s presidential election, the WikiLeaks Twitter account sent a private direct message to Donald Trump Jr., the Republican nominee’s oldest son and campaign surrogate. “A PAC run anti-Trump site putintrump.org is about to launch,” WikiLeaks wrote. “The PAC is a recycled pro-Iraq war PAC. We have guessed the password. It is ‘putintrump.’ See ‘About’ for who is behind it. Any comments?” (The site, which has since become a joint project with Mother Jones, was founded by Rob Glaser, a tech entrepreneur, and was funded by Progress for USA Political Action Committee.)

The next morning, about 12 hours later, Trump Jr. responded to WikiLeaks. “Off the record I don’t know who that is, but I’ll ask around,” he wrote on September 21, 2016. “Thanks.”

The messages, obtained by The Atlantic, were also turned over by Trump Jr.’s lawyers to congressional investigators. They are part of a long—and largely one-sided—correspondence between WikiLeaks and the president’s son that continued until at least July 2017. The messages show WikiLeaks, a radical transparency organization that the American intelligence community believes was chosen by the Russian government to disseminate the information it had hacked, actively soliciting Trump Jr.’s cooperation. WikiLeaks made a series of increasingly bold requests, including asking for Trump’s tax returns, urging the Trump campaign on Election Day to reject the results of the election as rigged, and requesting that the president-elect tell Australia to appoint Julian Assange ambassador to the United States.
[...]
Though Trump Jr. mostly ignored the frequent messages from WikiLeaks, he at times appears to have acted on its requests. When WikiLeaks first reached out to Trump Jr. about putintrump.org, for instance, Trump Jr. followed up on his promise to “ask around.” According to a source familiar with the congressional investigations into Russian interference with the 2016 campaign, who requested anonymity because the investigation is ongoing, on the same day that Trump Jr. received the first message from WikiLeaks, he emailed other senior officials with the Trump campaign, including Steve Bannon, Kellyanne Conway, Brad Parscale, and Trump son-in-law Jared Kushner, telling them WikiLeaks had made contact. Kushner then forwarded the email to campaign communications staffer Hope Hicks. At no point during the 10-month correspondence does Trump Jr. rebuff WikiLeaks, which had published stolen documents and was already observed to be releasing information that benefited Russian interests.

WikiLeaks played a pivotal role in the presidential campaign. In July 2016, on the first day of the Democratic National Convention, WikiLeaks released emails stolen from the Democratic National Committee's servers that spring. The emails showed DNC officials denigrating Bernie Sanders, renewing tensions on the eve of Clinton’s acceptance of the nomination. On October 7, less than an hour after the Washington Post released the Access Hollywood tape, in which Trump bragged about sexually assaulting women, Wikileaks released emails that hackers had pilfered from the personal email account of Clinton’s campaign manager John Podesta.

On October 3, 2016, WikiLeaks wrote again. “Hiya, it’d be great if you guys could comment on/push this story,” WikiLeaks suggested, attaching a quote from then-Democratic nominee Hillary Clinton about wanting to “just drone” WikiLeaks founder, Julian Assange.

“Already did that earlier today,” Trump Jr. responded an hour-and-a-half later. “It’s amazing what she can get away with.”

Two minutes later, Trump Jr. wrote again, asking, “What’s behind this Wednesday leak I keep reading about?” The day before, Roger Stone, an informal advisor to Donald Trump, had tweeted, “Wednesday@HillaryClinton is done. #WikiLeaks.”

WikiLeaks didn’t respond to that message, but on October 12, 2016, the account again messaged Trump Jr. “Hey Donald, great to see you and your dad talking about our publications,” WikiLeaks wrote. (At a rally on October 10, Donald Trump had proclaimed, “I love WikiLeaks!”)

“Strongly suggest your dad tweets this link if he mentions us,” WikiLeaks went on, pointing Trump Jr. to the link wlsearch.tk, which it said would help Trump’s followers dig through the trove of stolen documents and find stories. “There’s many great stories the press are missing and we’re sure some of your follows [sic] will find it,” WikiLeaks went on. “Btw we just released Podesta Emails Part 4.”

Trump Jr. did not respond to this message. But just 15 minutes after it was sent, as The Wall Street Journal’s Byron Tau pointed out, Donald Trump himself tweeted, “Very little pick-up by the dishonest media of incredible information provided by WikiLeaks. So dishonest! Rigged system!”

Two days later, on October 14, 2016, Trump Jr. tweeted out the link WikiLeaks had provided him. “For those who have the time to read about all the corruption and hypocrisy all the @wikileaks emails are right here: http://wlsearch.tk/,” he wrote.

After this point, Trump Jr. ceased to respond to WikiLeaks’s direct messages, but WikiLeaks escalated its requests.

“Hey Don. We have an unusual idea,” WikiLeaks wrote on October 21, 2016. “Leak us one or more of your father’s tax returns.” WikiLeaks then laid out three reasons why this would benefit both the Trumps and WikiLeaks. One, The New York Times had already published a fragment of Trump’s tax returns on October 1; two, the rest could come out any time “through the most biased source (e.g. NYT/MSNBC).”

It is the third reason, though, WikiLeaks wrote, that “is the real kicker.” “If we publish them it will dramatically improve the perception of our impartiality,” WikiLeaks explained. “That means that the vast amount of stuff that we are publishing on Clinton will have much higher impact, because it won’t be perceived as coming from a ‘pro-Trump’ ‘pro-Russia’ source.” It then provided an email address and link where the Trump campaign could send the tax returns, and adds, “The same for any other negative stuff (documents, recordings) that you think has a decent chance of coming out. Let us put it out.”

Trump Jr. did not respond to this message.

WikiLeaks didn’t write again until Election Day, November 8, 2016. “Hi Don if your father ‘loses’ we think it is much more interesting if he DOES NOT conceed [sic] and spends time CHALLENGING the media and other types of rigging that occurred—as he has implied that he might do,” WikiLeaks wrote at 6:35pm, when the idea that Clinton would win was still the prevailing conventional wisdom. (As late as 7:00pm that night, FiveThirtyEight, a trusted prognosticator of the election, gave Clinton a 71 percent chance of winning the presidency.) WikiLeaks insisted that contesting the election results would be good for Trump’s rumored plans to start a media network should he lose the presidency. “The discussion can be transformative as it exposes media corruption, primary corruption, PAC corruption, etc.,” WikiLeaks wrote.

Shortly after midnight that day, when it was clear that Trump had beaten all expectations and won the presidency, WikiLeaks sent him a simple message: “Wow.”

Trump Jr. did not respond to these messages either, but WikiLeaks was undeterred. “Hi Don. Hope you’re doing well!” WikiLeaks wrote on December 16 to Trump Jr., who was by then the son of the president-elect. “In relation to Mr. Assange: Obama/Clinton placed pressure on Sweden, UK and Australia (his home country) to illicitly go after Mr. Assange. It would be real easy and helpful for your dad to suggest that Australia appoint Assange ambassador to [Washington,] DC.”

WikiLeaks even imagined how Trump might put it: “‘That’s a real smart tough guy and the most famous australian [sic] you have!’ or something similar,” WikiLeaks wrote. “They won’t do it but it will send the right signals to Australia, UK + Sweden to start following the law and stop bending it to ingratiate themselves with the Clintons.” (On December 7, Assange, proclaiming his innocence, had released his testimony in front of London investigators looking into accusations that he had committed alleged sexual assault.)

In the winter and spring, WikiLeaks went largely silent, only occasionally sending Trump Jr. links. But on July 11, 2017, three days after The New York Times broke the story about Trump Jr.’s June 2016 meeting with Natalia Veselnitskaya, a Russian lawyer with connections to Russia’s powerful prosecutor general, WikiLeaks got in touch again.

“Hi Don. Sorry to hear about your problems,” WikiLeaks wrote. “We have an idea that may help a little. We are VERY interested in confidentially obtaining and publishing a copy of the email(s) cited in the New York Times today,” citing a reference in the paper to emails Trump Jr had exchanged with Rob Goldstone, a publicist who had helped set up the meeting. “We think this is strongly in your interest,” WikiLeaks went on. It then reprised many of the same arguments it made in trying to convince Trump Jr. to turn over his father’s tax returns, including the argument that Trump’s enemies in the press were using the emails to spin an unfavorable narrative of the meeting. “Us publishing not only deprives them of this ability but is beautifully confounding.”

The message was sent at 9:29 am on July 11. Trump Jr. did not respond, but just hours later, he posted the emails himself, on his own Twitter feed.

Some time after 2011 or so, Wikileaks morphed into plain old partisan yellow journalism worthy of no more respect as a journalistic organization than Newsmax or Glenn Beck's The Blaze. It's protected under the First Amendment but you can't blame liberals for being reluctant to energetically take up the cause after what he did. The ACLU will do it, no doubt, as will other defenders of free speech. But you can bet the right wingers like Trump and Hannity will run as fast as they can now that Assange is in custody and can no longer help them out.No one should ever expect the right wing to defend free speech unless it directly benefits them.

This is a good rundown of the civil liberties and press freedom concerns about the Assange charges. Even miscreant yellow journalists have a right to publish and protect their sources.




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          Avec la Maison Blanche en vue, les démocrates défient Wall Street      Comment   Translate Page      
Washington - En campagne électorale et au Congrès américain, les démocrates ne cessent de défier les géants de Wall Street, proclamant l'arrivée d'une "nouvelle ère" avec l'espoir de répondre à la colère d'une partie de leurs électeurs, toujours vive depuis la crise de 2008.
           Comment on The No-Longer Policy: Where Do We Go From Here? by RockiesGma       Comment   Translate Page      
Dear BCC bloggers, sorry to interrupt this thread but I don’t know how else to contact you. Did any of you see the Wall Street Journal article, Saturday (yesterday), front page with continuation of a two full page spread on pages A12-13? It’s about a cluster of suicides in Herriman, Utah and is a troubling, but important read. I’m hoping one or more of you will read the article and post your thoughts, concerns and suggestions to help. Same with commenters. Glory, these poor kids who feel so overwhelmed with the pressure to look, act, and be perfect, and the rejection they feel when they drift away from that pressure. This article has haunted me all day....my heart breaks for them and all their loved ones. Please note that while suicide has doubled from 2007-2017 nationwide, it has tripled in Utah! If this gospel offers the plan of happiness, why are our young people killing themselves? Oh glory, something is terribly wrong.
          [Video] Daily Compliance News: April 123, 2019-the Saturday the 13th edition      Comment   Translate Page      
In today’s edition of Daily Compliance News: • Les Moonves forfeited $34.5MM in comp. (Wall Street Journal) • Grant Thornton in how water in UK. (Wall Street Journal) • Conflict of interest in Hollywood (I’m really shocked). (New York Times) • What...
By: Thomas Fox
          Download Pdf Can Democracy Work?: A Short History of a Radical Idea, from Ancient Athens to Our World      Comment   Translate Page      

Can Democracy Work?: A Short History of a Radical Idea, from Ancient Athens to Our World by James Miller Book details Title: Can Democracy Work?: A Short History of a Radical Idea, from Ancient Athens to Our World Author: James Miller Pages: 320 Format: PDF / EPUB / MOBI ISBN: 9780374137649 Publisher: Farrar, Straus and Giroux Description Can Democracy Work?: A Short History of a Radical Idea, from Ancient Athens to Our World by James Miller A new history of the world’s most embattled idea Today, democracy is the world’s only broadly accepted political system, and yet it has become synonymous with disappointment and crisis. How did it come to this? In Can Democracy Work? James Miller, the author of the classic history of 1960s protest Democracy Is in the Streets, offers a lively, surprising, and urgent history of the democratic idea from its first stirrings to the present. As he shows, democracy has always been rife with inner tensions. The ancient Greeks preferred to choose leaders by lottery and regarded elections as inherently corrupt and undemocratic. The French revolutionaries sought to incarnate the popular will, but many of them came to see the people as the enemy. And in the United States, the franchise would be extended to some even as it was taken from others. Amid the wars and revolutions of the twentieth century, communists, liberals, and nationalists all sought to claim the ideals of democracy for themselves—even as they manifestly failed to realize them. Ranging from the theaters of Athens to the tents of Occupy Wall Street, Can Democracy Work? is an entertaining and insightful guide to our most cherished—and vexed—ideal. Links for download book Available formats: PDF / EPUB / MOBI CLICK HERE FOR DOWNLOAD EBOOK Can Democracy Work?: A Short History of a Radical Idea, from Ancient Athens to Our World James Miller pdf Can Democracy Work?: A Short History of a Radical Idea, from Ancient Athens to Our World by James Miller A new history of the world’s most embattled idea Today, democracy is the world’s only broadly accepted political system, and yet it has become synonymous with disappointment and crisis. How did it come to this? In Can Democracy Work? James Miller, the author of the classic history of 1960s protest Democracy Is in the Streets, offers a lively, surprising, and urgent history of the dem
          Bericht des Wall Street Journal wirft Blick auf die Beziehung zwischen Apple und Qualcomm      Comment   Translate Page      
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          Comment on Open Thread Non-Petroleum, April 10, 2019 by Cats@Home      Comment   Translate Page      
<b>How Big Business Is Hedging Against the Apocalypse</b> By Jesse Barron https://www.nytimes.com/interactive/2019/04/11/magazine/climate-change-exxon-renewable-energy.html Unlike almost every other future event, climate change is 100 percent certain to happen. What we don’t know is everything else: where, or how, or when, or what the changes mean for Facebook or Pfizer or notes of Chinese-government debt. Navigating these thickets of complexity is theoretically what Wall Street excels at; the industry prides itself on its ability to price risk for the whole economy, to determine companies’ values based on their likelihood of generating earnings. But traders are compensated on their quarterly or yearly performance, not on their distant foresight. It takes confidence to walk into your boss’s office talking about sea levels in Mozambique in 2030, when your colleague has a reason to short-sell the Turkish lira this week. Practically no one in the financial system is directly incentivized in the near term to worry about the biggest risk conceivable. The simplest response is to keep investing in companies that, like Exxon, conduct their business as usual while adapting where they can. Another response is to forget about the immediate term and go long on more sustainable bets. Other strategies display more cleverness. Electric vehicles and green power grids require, for their batteries, valuable minerals and metals. Spot prices for nickel and cobalt fluctuate by double-digit percentages on commodities exchanges, while investors eye shares in lithium mines. Anticipating future food crises, strategists at Merrill Lynch advise clients to snap up vertical farms and “smart hydroponics”; anticipating water shortages, they also recommend investing in Chinese wastewater-recycling businesses. As the earth becomes hotter, the air becomes less dense. In June 2017 in Phoenix, airlines grounded multiple jets because their wings couldn’t achieve lift in the 119-degree heat. Assuming more 119-degree days, aerospace companies like MTU Aero Engines and Rolls-Royce are “lightweighting” some of their machines to adapt. In Australia, an agribusiness conglomerate waits for family farms to fold for lack of rainfall, then considers buying their land at a discount. With drought conditions, the chief executive told The Australian Financial Review last year, “we are seeing more opportunities than would have been there normally.” A real estate manager in Dallas told a Bloomberg reporter that he purchased hotels right before Hurricane Harvey to take advantage of the need for short-term housing, and made a 25 to 30 percent return. The Harvard endowment has bought up vineyards in California, acquiring their water rights in the midst of a long drought. By the middle of the century, the climate of the Southeastern United States will most likely be tropical, no longer ideal for peach trees but perfect for the Aedes aegypti species of disease-bearing mosquito. In response, some investors are going long on firms conducting clinical trials for dengue and Zika vaccines: One asset manager told me he knew of multiple “Zika strategies.” Pharmaceutical companies foresee robust demand for antimalarials, products typically confined to poor countries; they can look forward to a market in the rich parts of the globe. In Miami, where the expensive neighborhoods lie low near the water, there may be a wave of “widespread relocations,” researchers warn, as the flight from the coast serves to “gentrify higher-elevation communities” like Little Haiti. One study warns that speculators may already be “hedging on South Florida’s gradual exodus” to the central and northern parts of the state. In Greenland, mining companies buy previously useless land rights in order to extract the minerals that melting ice will shortly expose. In addition to uranium and molybdenum — a silvery metal used in steel alloys — the miners expect to find rich reserves of oil, which they fully expect to burn.
          Jumia makes history as first African unicorn to hit Wall Street      Comment   Translate Page      
Jumia, Africa’s largest e-commerce company, made history on Friday as the first African tech startup to list on the New York Stock Exchange. 
          Current Debt Crisis Threatens Pakistan's Future      Comment   Translate Page      
Pakistan is battling massive twin deficits, deteriorating foreign currency reserves, low exports, diminishing tax revenues, a weak currency, unsustainable external debt payments, and soaring sovereign debt. This crises has forced the country to seek IMF (International Monetary Fund) bailout, the 13th such request in Pakistan's 72 year history.

Pakistan Debt Service: Source SBP
Pakistan's debt repayment costs rose to $5.4 billion for first half of fiscal 2019 ( July 2018-Dec 2018), up from $7.5 billion for the entire fiscal 2018 (July 2017-June 2018), according to the State Bank of Pakistan. At this rate, the total debt service cost for current fiscal 2019 will exceed $11 billion, adding to the nation's debt crisis.

Pakistan's External Debt. Source: Wall Street Journal

This $11 billion debt service cost will add to the projected trade deficit of nearly $40 billion for the current fiscal year. How can Pakistan fill this balance of payments deficit of about $50 billion? Remittances of $21 billion in current FY2019 from Pakistani diaspora are reduce it to $30 billion. PTI government has taken on billions of dollars in loans from Gulf Arabs and China. Given the low rates of foreign investments in the country, a big chunk of the remaining deficit will have to be met by borrowing even more funds which will further increase future debt service costs.

Pakistan's Current Account Deficit. Source: Trading Economics

As a result, Pakistan is now battling massive twin deficits, deteriorating foreign currency reserves, low exports, diminishing tax revenues, a weak currency, onerous external debt payments, and soaring sovereign debt. This crises has forced the country to seek IMF (International Monetary Fund) bailout, the 13th such request in Pakistan's 72 year history.

In the short term, PTI government's efforts are beginning to pay off. The current account deficit (CAD) in first 8 months of FY2019 (July-Feb 2018) declined to $8.844 billion, down 22.5%, from $11.421 billion in same period last year, according to SBP as reported by Dawn newspaper

However, Pakistan's economic woes are far from over. The country's twin deficits are structural. Its exports and tax collections as percentage of its GDP are among the lowest in the world. British civil society organization Jubilee Debt Campaign conducted research in 2017 that showed that Pakistan has received IMF loans in 30 of the last 42 years, making this one of the most sustained periods of lending to any country.

Pakistan needs to find a way to build up and manage significant dollar reserves to avoid recurring IMF bailouts. The best way to do it is to focus on increasing the country's exports that have remained essentially flat in absolute dollars and declined as percentage of GDP over the last 5 years. Pakistan's economic attaches posted at the nation's embassies need to focus on all export opportunities in international markets and help educate Pakistani businesses on the best way to take advantage of them. This needs to be concerted effort involving various government ministries and departments working closely with industry groups. At the same time, the new government needs to crack down on illicit outflow of dollars from the country.

Azad Labon Ke Sath host Faraz Darvesh discusses Imran Khan's challenges with Misbah Azam and Riaz Haq (www.riazhaq.com)

https://youtu.be/CQ41Qt_2XQM




Related Links:

Haq's Musings

South Asia Investor Review

Pakistan's Debt Crisis

Can Pakistan Avoid Recurring IMF Bailouts?

Pakistan is the 3rd Fastest Growing Trillion Dollar Economy

CPEC Financing: Is China Ripping Off Pakistan?

Information Tech Jobs Moving From India to Pakistan

Pakistan is 5th Largest Motorcycle Market

"Failed State" Pakistan Saw 22% Growth in Per Capita Income in Last 5 Years

CPEC Transforming Pakistan

Pakistan's $20 Billion Tourism Industry Boom

Home Appliance Ownership in Pakistani Households

Riaz Haq's YouTube Channel

PakAlumni Social Network


          Take Five: Wall Street calling! World market themes for the week ahead      Comment   Translate Page      

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

The post <a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/RtmOCHAb0Zg/take-five-wall-street-calling-world-market-themes-for-the-week-ahead-idUSKCN1RO1FA target=_blank >Take Five: Wall Street calling! World market themes for the week ahead</a> appeared first on Wide World of Work.


          Calderilla contra Wall Street      Comment   Translate Page      
“Enfrentarse al establishment político y financiero de este país no será fácil, y Bernie no puede hacerlo solo. Haz una donación a partir de tres dólares”. “Si has dado dinero a mi campaña, es posible que te llame por teléfono”, promete Elizabeth...
          Here's Where UConn Ranks Among Most Valuable College Basketball Programs      Comment   Translate Page      

Syracuse rated highest among most valuable teams in New York, New Jersey and Connecticut at No. 6 ($162,980,000).

Ever wonder how much your favorite men's college basketball program is worth?

Newly released rankings provide the answer.

Highlights from the annual report, compiled by Ryan Brewer, an associate professor of finance at Indiana University-Purdue Columbus, were published by The Wall Street Journal.

Th...


          Here's How Much Your Favorite College Basketball Program Is Worth      Comment   Translate Page      

Syracuse rated highest among most valuable teams in New York, New Jersey and Connecticut at No. 6 ($162,980,000).

Ever wonder how much your favorite men's college basketball program is worth?

Newly released rankings provide the answer.

Highlights from the annual report, compiled by Ryan Brewer, an associate professor of finance at Indiana University-Purdue Columbus, were published by The Wall Street Journal.

Th...


          Il WSJ racconta il difficile rapporto tra Tim Cook e il CEO di Qualcomm      Comment   Translate Page      

La battaglia legale tra Qualcomm e Apple è diventata sempre più tesa dall’inizio del 2017. Un nuovo report del Wall Street Journal approfondisce come e perché questa guerra a suon di denuncia si è intensificata, dedicando particolare attenzione alla relazione ostile tra il CEO di Qualcomm Steve Mollenkopf e il CEO di Apple Tim Cook. L’articolo racconta di un incontro tra Mollenkopf e Cook avvenuto […]

Link all'articolo originale: Il WSJ racconta il difficile rapporto tra Tim Cook e il CEO di Qualcomm


          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      
As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.

          Is A Recession Looming? The Answer Is Still Yes      Comment   Translate Page      

By Rob Isbitts via Iris.xyz Preparation is key for all investors Calling for a recession has recently become a “thing” for many Wall Street pundits.  But after 10 years of unending U.S. economic growth, and currently fading global growth, that declaration does not qualify any of us for the investment strategy Hall of Fame.  However, [...]

The post Is A Recession Looming? The Answer Is Still Yes appeared first on ETF Trends.


          Here's How Much Your Favorite College Basketball Program Is Worth      Comment   Translate Page      

Syracuse rated highest among most valuable teams in New York, New Jersey and Connecticut at No. 6 ($162,980,000).

Ever wonder how much your favorite men's college basketball program is worth?

Newly released rankings provide the answer.

Highlights from the annual report, compiled by Ryan Brewer, an associate professor of finance at Indiana University-Purdue Columbus, were published by The Wall Street Journal.

Th...


          Great Hill Partners, Private Equity Firm, Buys Gizmodo Media Group From Univision - The Daily Beast      Comment   Translate Page      
Great Hill Partners, Private Equity Firm, Buys Gizmodo Media Group From Univision  The Daily Beast

The private equity firm Great Hill Partners has agreed to buy Gizmodo Media Group from the Spanish-language broadcaster Univision, The Wall Street Journal ...


          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      
As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.

          Wall Street Journal: Selman’ın attığı yanlış adımlar kendisini ve ülkesini yalnızlaştırdı        Comment   Translate Page      
ABD Wall Street Journal gazetesi, Suudi Veliaht Prensi Selman’ın çocukluğundan iktidara yükselişini ve babasına olan yakınlığına ilişkin bir yazıyı kaleme aldı. Gazete, Selman’ın rakiplerini saf dışı bırakma planı ve attığı yanlış adımların, ülke vizyonunu olumsuz etkilediği gibi, kendisini de yalnızlaştırdığını yazdı.
          Washington Waits in Suspense for Mueller Report - The Wall Street Journal      Comment   Translate Page      
  1. Washington Waits in Suspense for Mueller Report  The Wall Street Journal
  2. Trump White House braces for full Mueller report  POLITICO
  3. Carter Page claims there was spying in Trump Tower  CNN
  4. William Barr shows he's Trump's attorney general, not the country's  Los Angeles Times
  5. Trolling of Bill Barr shows how language is twisted to politics | TheHill  The Hill
  6. View full coverage on Google News

          Re: Goodbye “moderators,” hello “audience voice reporters”: Here’s how The Wall Street Journal is refocusing the comments to incentivize better behavior      Comment   Translate Page      

Louise makes the case that from her perspective this new comment system is a business decision. People like you and me are being thrown under the bus. We are a "small subset" of their subscriber base. I agree with you that "The Wsj is now another snowflake controlled publication."
And that is very disappointing.


          Re: Goodbye “moderators,” hello “audience voice reporters”: Here’s how The Wall Street Journal is refocusing the comments to incentivize better behavior      Comment   Translate Page      

This is not a decision to engage more readers. Maybe more snowflakes, who need their safe space... This is a decision to silence the readers. This is censorship.
If this was meant to be a business decision it may backfire. The Wsj is now another snowflake controlled publication. Most of the people commenting were conservatives. It is very clear what the Wsj is trying to do. No comment section on most of the articles. I suppose it would be a challenge for the moderator to control...
Very sad and not worth almost $40 online access a month. Cancelling subscription.


          Re: Goodbye “moderators,” hello “audience voice reporters”: Here’s how The Wall Street Journal is refocusing the comments to incentivize better behavior      Comment   Translate Page      

If you do not like the comment section do not read it. There are a lot of people who enjoy it.


          Re: Goodbye “moderators,” hello “audience voice reporters”: Here’s how The Wall Street Journal is refocusing the comments to incentivize better behavior      Comment   Translate Page      

“ moderation is a good idea from keeping people to go over the top, to keep them from misbehaving”. That says it all. Except this is censorship not moderation. Currently the large majority of the articles are not open for comments. The fluff pieces like how many yougurts are being sold in the store is open for comments. Do the Wall Street journal readers care to comment? Just an example.

I never commented on any of the articles, but I enjoyed reading the comments. Without the comment section the Wall Street journal is NOT the same. Shame on the Wall Street journal for censorship. And to keep the comment section open for 48 hours? I think they will be loosing a lot of subscribers. I hope they do!


          Disney Hits Record On Streaming Plans As Netflix Slips      Comment   Translate Page      

Shares of Walt Disney touched an all-time high on Friday after Wall Street analysts said the aggressive pricing of its new video streaming service could help it better compete with Netflix.

The post Disney Hits Record On Streaming Plans As Netflix Slips appeared first on Concise News.


          Here's How Much Your Favorite College Basketball Program Is Worth      Comment   Translate Page      

Syracuse rated highest among most valuable teams in New York, New Jersey and Connecticut at No. 6 ($162,980,000).

Ever wonder how much your favorite men's college basketball program is worth?

Newly released rankings provide the answer.

Highlights from the annual report, compiled by Ryan Brewer, an associate professor of finance at Indiana University-Purdue Columbus, were published by The Wall Street Journal.

Th...


          Pohjois-Korean Kim asetti takarajan neuvotteluille ydinaseriisunnasta      Comment   Translate Page      
Pohjois-Korean johtaja Kim Jong-un on asettanut vuodenvaihteen takarajaksi saada edistystä aikaan neuvotteluissa ydinaseriisunnasta Yhdysvaltain kanssa. Asiasta uutisoi Pohjois-Korean valtionmediaan nojaten muun muassa Wall Street Journal.Kim puhui perjantaina Pohjois-Korean korkeimmalle kansanneuvostolle,...
          Uber Hails a Ride to Wall Street, and More Car News This Week      Comment   Translate Page      
Uber revealed its filing for an initial public offering, Tesla changes its sales strategy again, and Ford's CEO joins the caution chorus on fully self-driving cars.
          Riccardo Pozzoli: “Basta con l'ossessione del posto fisso, l’Italia sta agonizzando su quel sistema. I giovani devono osare e restare in Italia”      Comment   Translate Page      
Riccardo Pozzoli

I social hanno fatto sì che le persone possano dar voce alle loro opinioni e preoccupazioni per condividere contenuti di ogni tipo dai loro dispositivi fissi e mobili. Hanno trasformato radicalmente le nostre relazioni interpersonali, la politica, il business e l'impatto che hanno avuto sulle nostre vite è stato così dirompente che sembra che essi siano diventati il centro delle nostre esistenze. Ci passiamo tantissime (troppe, in alcuni casi) ore al giorno e l'interferenza tra virtuale e reale è continua, sono costantemente argomento di dibattito nelle conversazioni interpersonali come nelle aule universitarie e nei talk show. I difensori ne vedono soltanto gli aspetti positivi - reputandoli uno degli esempi più luminosi della democratizzazione che Internet ha portato nel mondo contemporaneo - i detrattori ovviamente no - ritenendoli uno strumento quasi demoniaco, un terreno fertile per esibizionismo, invidia, odio, violenza verbale e diffusione di messaggi negativi.

Parole di Riccardo Pozzoli, startupper di 32 anni che dopo la laurea in finanza, un master in marketing alla Bocconi e uno stage a Chicago, ha co-fondato con l'allora fidanzata e socia Chiara Ferragni "TheBlondSalad.com", tra i più influenti e seguiti fashion blog del mondo, "un'esperienza eccezionale e indimenticabile, il primo modello di business nato da un blogger", ci dice quando lo incontriamo a Milano durante la settimana del Mobile, ma nulla di più ed è giusto che sia così, perché molte cose, così come nascono, possono anche finire. Il blog esiste ancora, ma non la loro storia e ognuno oggi ha la sua vita, affettiva e professionale.

Pozzoli ha continuato a creare business nell'ambito del cibo e della moda co-fondando altre cinque startup, tiene conferenze marketing in università come Harvard e Columbia ed è direttore creativo della neonata struttura Condé Nast Social Talents, per la quale si occupa di selezionare, far crescere e far conoscere al pubblico, ai partner e al mercato gli influencer italiani. "Smetto quando voglio (ma anche no)", pubblicato da DeA Planeta Libri, è appena uscito ma sta già salendo i vertici delle classifiche di quelli più venduti.

Il sottotitolo del suo libro recita "21 giorni per scoprire come stare sui social in modo consapevole": è davvero possibile?

"Certamente. Io sono da venti anni sui social, ho dovuto imparare a prendere le misure, a capire il funzionamento di determinati meccanismi, ma in maniera consapevole e, con un piccolo sforzo, ci si riesce. Li vivo quotidianamente, sono una parte del mio lavoro. Bisogna essere consapevoli di ciò che si vede e che si vive".

Come?

"Spesso ci dimentichiamo che quando siamo sui social, interagiamo con altri esseri umani. La soluzione è sforzarsi di ragionare, come faccio io, almeno venti se non trenta secondi prima di postare qualcosa e condividerla. Bisogna dare sempre un senso a quello che si fa".

Nel 2011, come ricorda, lesse sul Wall Street Journal, il discorso di Reid Hoffman, il cofondatore di LinkedIn e qualcosa, ancora una volta, cambiò nella sua vita. Ci spieghi meglio.

(Ride, ndr) "Tra il serio e il faceto, Hoffman spiegava che i social sono destinati ad avere successo quando fanno leva su uno dei sette peccati capitali, quando cioè sfruttano le debolezze umane, puntando sui nostri istinti più basilari. Pian piano ho iniziato a rendermi conto che ciò che di bello e brutto avviene sui social non è altro che un riflesso di queste inclinazioni profonde, morali e comportamentali, del nostro animo e che, ovviamente, nessuno di noi ne è immune: siamo tutti, almeno un po', peccatori. Hoffman è stato un gancio, poi in realtà i sette peccati capitali li ho reinterpretati in maniera un po' più profonda. Quei peccati rappresentano tutti gli esseri umani".

Tra i sette, il più comune è sicuramente l'Invidia...

"Tutti siamo invidiosi, l'erba del vicino è sempre la più verde, il problema però è che sui social ci sono tanti vicini"! (ride di nuovo, ndr). La violenza che si scatena nei confronti di chi ha un'opinione diversa, l'invidia che suscita chi sembra avere più successo o la voglia di ottenere il consenso altrui che ci spinge a metterci in mostra, per fare solo qualche esempio, sono sempre esistite: solo che nelle interazioni online alcuni meccanismi sono diventati più evidenti".

Nel suo caso, immaginiamo, sarà sicuramente più invidiato.

"Non penso, anche perché io cerco di limitare molto la mia invidia".

Ciò che colpisce di lei, è che nonostante la fama, il successo e i soldi, è sempre restato il Riccardo Pozzoli che, come recita la sua biografia, "è nato e cresciuto nella campagna milanese", una persona autentica: come ha fatto?

"Per il successo non c'è un segreto, io sono sempre io, per me quello che faccio ogni giorno è naturale e chi mi segue, sul lavoro come sui social (sono più di trecentomila i suoi followers solo su Instagram, ndr), se ne rende conto e mi dimostra un grande affetto così come ci sono gli haters che non mancano mai. Ho sempre pensato che il successo sia relativo, esattamente come il fallimento. Non sono ancora arrivato, faccio le mie cose, ne sperimento altre, cado, mi rialzo, sperimento, perché la vita è un processo in continua evoluzione. Le capacità economiche mi interessano meno, a me interessa creare valore. Ovviamente, se c'è poi un riscontro economico, ben venga, ma non è quella la prima cosa che a me interessa".

Cos'è che allora conta davvero?

"Bisogna capire chi sei tu come persona, il resto deve influenzarti meno. Poi, e ancora prima di ogni altra cosa, è fondamentale la famiglia: sono stato fortunato a nascere in una che mi ha insegnato quali sono i veri valori e i veri sentimenti, le relazioni che contano, il rispetto dell'altro".

I social sono diventati la nostra droga?

"Ahimé sì, ma più che i social, la vera droga sono i like. Negli incontri che faccio mi batto per promuovere il fatto che i numeri non contano e questo oggi anche nel business. Contano sempre meno. Le aziende del lusso, ad esempio, vogliono il micro-influencer che è colui che si rivolge ad una nicchia e, quindi, ha un maggior peso. La nicchia è il vero valore".

Un mondo, quello dei social, che lei descrive come un "Far West"...

"Sì, perché è un mondo dove chiunque può fare ciò che vuole, una cosa inaccettabile. Io penso che la responsabilità di interrogarsi su come limitarne gli aspetti negativi, dal punto vista sia individuale sia collettivo, ricada soprattutto su quelli della mia generazione".

Negli ultimi tempi si dice che bisognerebbe smettere di usarli, perché i danni che provocano non sarebbero controbilanciati dai loro benefici: è d'accordo?

"Come ricordo nel libro, sono convinto, poi, che sia anacronistico pensare di rimettere indietro le lancette dell'orologio e immaginare di tornare a un mondo senza social. Trovo che sia più razionale ammettere che siamo in una fase molto precoce e che non li conosciamo ancora così bene da essere in grado di liberarci del tutto da alcune storture".

Cos'è un influencer nel "dizionario Pozzoli"?

"Significa poter influenzare una nicchia di persone, come le dicevo, non essere popolare. Bisogna che chi ne usufruisce sia più critico e chi posta sia più maturo e consapevole".

Da grande influencer quale è, impossibile negarlo, ha mai pensato di candidarsi in politica?

"In tanti me lo hanno chiesto, ma al momento, purtroppo, non ci penso affatto. Sono disilluso dalla politica italiana attuale e avrei paura a fare degli step in tal senso, perché c'è un clima poco costruttivo che non gioverebbe anche a chi si pone con i migliori intenti. Penso che sarebbe pericoloso scendere in politica adesso, in futuro, se qualcosa cambierà e se è per il bene del mio Paese, why not? Incontro spesso giovani imprenditori: se solo fossero ascoltati e sfruttati al meglio, tra dieci anni avremmo forse un' l'Italia come la più grande potenza europea. Questo oggi non c'è perché la priorità non va alla crescita".

I giovani devono restare in Italia secondo lei?

"Certamente, perché è piena di opportunità, basta saperle cercare, ma, soprattutto, bisogna saper osare, non avere paura. Il posto fisso è stata la nostra ossessione e di quelli prima di noi, l'Italia sta agonizzando su quel sistema. È vero che in posti ci sono più possibilità lavorative che in altri, ma bisogna avere coraggio. Io, da inguaribile ottimista, credo che i tempi siano maturi perché il lato chiaro dei social prevalga su quello oscuro, ma è ancora più importante comprendere che gli artefici del loro destino – e del nostro, che si gioca ormai anche nel mondo virtuale – siamo, come in tutti gli aspetti della vita, noi. Un futuro migliore è possibile, non dimentichiamolo".


          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      
As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.

          12 Bank Stocks That Wall Street Loves the Most      Comment   Translate Page      
Bank earnings season kicked off Friday April 12 with first quarter reports from JPMorgan Chase JPM and Wells Fargo WFC As more reports roll in investors will be keen to see what a pause in interest rate hikes and a potential slowdown in economic growth could mean for
          Mitch McConnell warns parts of Mueller report could be leaked as Barr works on redactions      Comment   Translate Page      

As the Wall Street Journal notes, all of Washington and, indeed the country, awaits the release of Attorney General Bill Barr’s reviewed and redacted version of special counsel Robert Mueller’s report on President Donald Trump. According to the report, attorneys for the president are at ...

The post Mitch McConnell warns parts of Mueller report could be leaked as Barr works on redactions appeared first on Raw Story.


          Offer - Samsung Galaxy S10 Rumors: Everything You Need to Know in china - ISRAEL      Comment   Translate Page      
Latest Galaxy S10 Leaks and Rumors (Dec. 24) A reference to a new night shooting mode in the One UI build of Samsung’s camera app has appeared, hinting at a potential S10 feature.A new set of renders and dimensions have surfaced pertaining to the 6.1-inch and 6.7-inch S10 models.Samsung could unveil the Galaxy S10 as soon as Feb. 20 according to one report, which has also shed light on pricing.There’s hope for the headphone jack yet, thanks to a case prototype discovered by Samsung leaker Ice Universe.It’s rumored that the S10 will feature a new fast charge solution in addition to implementing reverse wireless charging, allowing you to use the phone to wirelessly charge another device. Galaxy S10 Cheat Sheet — Biggest Changes to Expect Samsung is reportedly planning up to four variants of the Galaxy S10 at 5.8-, 6.1-, 6.4- and 6.7-inch sizes. The cheapest could have a flat display, while the largest and most expensive may support 5G and carry a total of six cameras across the front and rear.Expect an ultrasonic in-screen fingerprint sensor. This would allow you to unlock the phone just by placing your finger on the display.Samsung has teased the Galaxy S10 will have a markedly different design from its predecessors, and rumors suggest it’ll come in the form of a bezel-free Infinity-O screen with a cutout in the panel for the front-facing camera.The back of the Galaxy S10 may feature as many as four cameras, according to a report from The Wall Street Journal. But other reports have said the phone will offer three cameras.The Galaxy S10 is expected to split power between Qualcomm’s flagship Snapdragon 855 chipset for North American models, and Samsung’s own Exynos 9820 silicon for the rest of the world. Galaxy S10 release date and price It’s too soon to predict the exact release date for the Galaxy S10, but if history is any guide, Samsung will likely stick to a similar timetable in 2019 as in other years. That means you should expect to see the new handset announced at next year’s Mobile World Congress show, which gets underway Feb. 25. If Samsung follows a similar pattern for the S10 as did for the S9, the new phone would hit shelves by the middle of March 2019. Then again, Samsung could preempt Mobile World Congress with an event of its own roughly a week before the festivities kick off. According to Gizmodo UK, that could be as soon as Feb. 20, with preorders going live instantly, before the device hits stores on March 8. The entry-level 5.8-inch S10 Lite will reportedly start at £669 based on information Gizmodo UK says it received from a “source at a major tech retailer.” It would then be followed by the 6.1-inch S10 at £799 and the range-topping S10 Plus at £899 (which could measure either 6.4 or 6.7 inches, depending on who you ask). All three models will come with at least 128GB of storage, the article reads, though the highest capacity S10 Plus will offer 1TB of storage for a whopping £1399. The S10 and its larger sibling, the Galaxy Note 10, likely won’t be the only premium phones Samsung introduces next year. At its developer conference in November, Samsung finally unveiled the foldable phone it’s been working on for so long, nicknamed by insiders as the Galaxy F. While the Galaxy F was shown briefly, in a boxy case and under very protective lighting, many expect the final product to debut sometime in 2019. True bezel-free design, lots more colors While the Galaxy S9 mostly repeated the S8’s design, fans should expect “very significant” changes to the S10’s exterior. That quote comes courtesy of none other than Samsung mobile chief D.J. Koh, who related that information to Chinese media, before it was picked up by SamMobile. >> CLICK HERE To Check the Best Price and Deal on saleholy.com
          Kennen Sie „Goldilocks“?      Comment   Translate Page      
„It’s a Goldilocks Market“, sagen die Trader an der Wall Street. Und das ist er mittlerweile auch bei uns, denn Goldilocks ist eine innere Einstellung, die ansteckend ist: Alles ist gut, macht euch keine Sorgen. Der Name, einer naiven Märchenfigur entlehnt, bezeichnet eigentlich ein optimales Marktumfeld: Wachstum, wenig Inflation, niedrige Zinsen. Was derzeit auch gegeben ist. Aber wenn die Trader heute Goldilocks sagen, meinen sie die Naivität der Marktteilnehmer, die ob dieser Faktoren jedwede Risiken ignorieren. Und so tanzt man weiter auf dem Pulverfass. Erfahrungsgemäß kann ein solches Umfeld zwar jederzeit in einem Kurseinbruch enden, andererseits aber verblüffend lange anhalten. Was machen wir daraus? Lesen Sie weiter!
          Объем экспорта газа из США превысил импорт      Comment   Translate Page      
По данным компании S&P Global Platts, которая собирает информацию о торговле на рынках энергетики, в США объем экспорта природного газа впервые почти за 60 лет превысил его импорт. Об этом сообщает The Wall Street Journal. Отмечается, что в текущем месяце США экспортировали в среднем 210 млн куб. м природного газа в сутки, а импортировали — около 190 млн куб. м. Опрошенные изданием эксперты полагают, что баланс экспорта и импорта природного газа в США вскоре может вновь измениться из-за приближающейся зимы — периода, когда традиционно растет потребление природного газа. Ранее в штате Техас было обнаружено крупнейшее за всю историю США сланцевое месторождение нефти с запасами 20 млрд баррелей. В России, которая является мировым лидером по производству нефти, ...
          Here's How Much Your Favorite College Basketball Program Is Worth      Comment   Translate Page      

Syracuse rated highest among most valuable teams in New York, New Jersey and Connecticut at No. 6 ($162,980,000).

Ever wonder how much your favorite men's college basketball program is worth?

Newly released rankings provide the answer.

Highlights from the annual report, compiled by Ryan Brewer, an associate professor of finance at Indiana University-Purdue Columbus, were published by The Wall Street Journal.

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          Millennials are building multimillion-dollar beauty empires on their massive Instagram and Snapchat followings, and it's disrupting a centuries-old industry      Comment   Translate Page      

selfie made millionaires and billionaires 4x3

  • From Rihanna to Emily Weiss, more young women are disrupting the beauty space with cosmetic lines that thrive on social media.
  • While millennials are leading the way with the industry's disruption, other generational outliers — notably 21-year-old Gen-Zer Kylie Jenner and 62-year-old Anastasia Soare — are also key players in the trend.
  • Over time, beauty industry marketing has evolved from word-of-mouth and traditional ad campaigns to Instagram tutorials and user-generated content, making it easier than ever to launch a new brand.
  • This has opened the door for celebrities and influencers to create their own beauty brands and sell them to their strong social media followings, transforming fanbase numbers into revenue.
  • This has given rise to a new generation of wealthy women, who sit on top of beauty empire fortunes they created with their own digital prowess.
  • Visit BusinessInsider.com for more stories.

Social media has minted a new type of money maker: the "selfie-made billionaire."

That's what Natalie Robehmed of Forbes dubbed Kylie Jenner, the world's youngest self-made billionaire ever. 

Jenner's $1 billion net worth comes largely from her eponymous cosmetics line, Kylie Cosmetics, which launched in 2015. Three years later, revenue was an estimated $360 million, the company worth $900 million, Robehmed reported. 

While Jenner may be one of the more extreme examples, she isn't an anomaly — a long history of women have accrued wealth by building beauty empires. The first female self-made millionaire, Madam CJ Walker, built her fortune off a line of hair care products she developed in 1905, according to Isis Madrid of Broadly. Beauty mavens Estée Lauder and Bobbi Brown started their brands decades before the millennium.

In 2018, Jenner was a newcomer to Forbes' richest self-made women list, along with Forbes' other "Instagram-savvy makeup moguls" — Anastasia Soare, Huda Kattan, and Kim Kardashian West, who all also have their own beauty lines.

Then there's Emily Weiss, founder and CEO of cult beauty brand Glossier. On March 19, the direct-to-consumer beauty brand hit unicorn status with new funding that put its value at $1.2 billion, reported Katie Roof and Yuliya Chernova of The Wall Street Journal

While these women aren't the first of their kind to build wealth by tapping into the beauty industry, they are part of a growing number of women who have successfully done so by leveraging social media. What's changed isn't the idea of starting a cosmetics line, but how millennials are disrupting the process in today's technological age while propelling fast company growth and amassing personal fortune.

Read more: Meet the 7 women who made Forbes' richest self-made women list for the first time, including almost-billionaire Kylie Jenner

Estée Lauder and Bobbi Brown got their start through word-of-mouth

"Getting a brand known has from the beginning involved word-of-mouth and getting attention from an influential journalist," Geoffrey Jones, a professor at Harvard Business School and author of the book "Beauty Imagined," told Business Insider.

Estee Lauder

Consider Estée Lauder: "She gave away 80 of her lipsticks as table gifts for a charity luncheon in the Waldorf-Astoria," Jones said. "The rich guests then walked over to the nearby Saks Fifth Avenue to ask for it."

In 1947, Lauder received her first major order for $800 worth of products from Saks. She grew her business with traditional print advertising and word-of-mouth campaigns, believing that women who liked her products would spread the word. In 2018, the company reported $13.68 billion in net sales and Bloomberg estimated the Lauder family to be worth $24.3 billion.

The beauty behemoth now has nearly 30 brands in its portfolio; in 1995, it acquired Bobbi Brown Cosmetics, making the line's namesake founder a millionaire, reported CNBC's Catherine Clifford

Bobbi Brown

Being bought by a big firm is a sign of success, Jones said. Bobbi Brown, who told Inc. she began the line with $10,000, also favored a word-of-mouth strategy. By talking to strangers and friends, she found a business partner, landed a mention in Glamour magazine, conducted market research, connected with a Bergdorf Goodman cosmetics buyer, and secured regular appearances on The Today Show, according to Clifford.

But that was before the disintegration of traditional distribution channels, which Jones said has happened over the past decade.

Anastasia Soare

Look no further than Soare's Anastasia of Beverly Hills line to see this shift in action. According to Forbes, it's one of the first beauty companies to use a successful social media strategy — but Soare didn't begin that way.

The aesthetician first became a celebrity favorite in the early 1990s for perfecting the eyebrow. In 2000, she took the traditional route, launching her first line of products in 20 Nordstrom stores, reported Forbes. But it didn't really take off until Soare took to Instagram in 2013 with a viral social media campaign, which helped land her products in Sephora.

Today, the company's Instagram has 19 million-plus followers, and the company has a Forbes estimated value of $1.5 billion. Soare herself is worth an estimated $1 billion, making her one of the world's richest self-made women.

Read more: This self-made billionaire built her fortune after fleeing communism in Romania in the 80s and building a salon beloved by Jennifer Lopez and Kim Kardashian

A shift to digital means brands can make the consumer an influencer

As Soare's success indicates, "Social media has become the new door-to-door," Jensen said, adding it "allows consumers to research, investigate, and gather information on everything from ingredients to brand values to see if they align to their own. The brands that use social media well are leveraging it to build a two way street of communication with their followers and because of that, they get buy-in to the brand."

Consider Weiss, who realized that social media was "transforming the way beauty products were talked about and bought," and intended to disrupt the industry, wrote Amy Larocca of The Cut, hailing her as the millennial Estée Lauder.

"There are a handful of beauty conglomerates, and it's difficult for them to innovate," Weiss, who uses social media as market research, previously told Business Insider. "Beauty has really gone online, because that's where the customer is."

In 2010, she launched the blog Into the Gloss. It soon became popular among beauty mavens, amassing 10 million page views per month, according to Alyssa Goacobbe of Entrepreneur — a solid platform on which to launch the first four Glossier products in 2014.

emily weiss glossier

Instead of aiming at wholesale, Weiss intended to crowdsource — through social-media platforms, affiliate sponsorships and links, and gossip, wrote Larocca. As Gaby Del Valle of Vox puts it, Glossier's success lies in treating its customers like influencers.

To market a new blush, Cloud Paint, Weiss hired makeup artists to use it on Oscar-attending celebrities and post the results on social media, Giacobbe wrote — regrams resulted in 1,700 user-generated images in one week; by one month, Instagram had 6,368 Cloud Paint images.

In a recent podcast interview, Weiss said that Instagram "has been an incredible tool to show a lot of user-generated content." 

While Weiss' net worth is unknown, the $1.2 billion value of Glossier says enough.

Read more: This beauty startup has become so popular that it has 10,000 people on a waitlist for lipstick

A social media following equals revenue for celebrities foraying into beauty

"Having a large social media following equates to sales," Jensen said.

A strong social media presence is so directly tied to revenue that it can lay the whole foundation for a beauty empire's success — those with stardom and a following already have a fanbase with built-in customers, and nowhere is that more visible than in Kylie Jenner's and Rihanna's respective beauty empires.

"It's the power of social media," Jenner told Robhemed. "I had such a strong reach before I was able to start anything."

Jenner launched Kylie Cosmetics to 50 million Instagram followers on her personal account, reported Sarah Grossbart for E! News. Nearly four years later, that number has more than doubled. "With more than 100 million Instagram devotees, she need only post a selfie touting her shade of the day and her young followers clamor to add it to their carts," Grossbart wrote.

kylie jenner

Dubbed "Cosmetics Queen" by Forbes, Jenner continues to push direct-to-consumer Kylie Cosmetics by sharing products, announcing launches, and previewing new items to her 175 million-plus followers across Snapchat, Instagram, Facebook, and Twitter, Robhemed reported

"I don’t pay for advertisements," Jenner told Fast Company. "I don’t do commercials. Social media is the only way I push it: Snapchat, Instagram."

She didn't sign her first distribution deal until three years later, with Ulta, which she pushed with her "usual social media," Jenner told Robhemed — it sold an estimated $54 million worth of products in the first six weeks.

Read more: How Kylie Jenner became the world's youngest self-made billionaire, from starring in a reality TV show at age 9 to running a $900 million cosmetics empire at 21

Similarly, Rihanna, who has an estimated $260 million net worth and nearly 69 million Instagram followers, launched Fenty Beauty at New York Fashion Week in 2017 — and she first alluded to with an Instagram teaser. In just one month, it made $72 million in earned media value (the potential value it would have earned if paid for all exposure on social media platforms), outpacing Kylie Cosmetics according to a Tribe Dynamics' Cosmetics report released by WWD.

rihanna fenty beauty

About 132 million people watched Fenty beauty tutorials in the first month of its launch, reported Janice Williams of Newsweek. Within its first 40 days, Fenty brought in $100 million in sales, according to Vogue.

"Fenty Beauty’s social media game has had a clear impact on its success," Williams wrote. "While Rihanna's social media handle flooded Twitter, Instagram, Snapchat, and YouTube with photos, videos and tutorials, millions of people used their own social media accounts to show off their products and offer testimonials."

In its first year alone, Fenty made $566 million, reported the Business of Fashion, citing an LVMH report — it took Estée Lauder 10 years to earn $500 million, according to WWD.

Read more: Rihanna is reportedly launching her own line with one of the biggest luxury companies in the world as her fashion empire continues to grow

Youtube creators translate their personalities into beauty brands

Not every beauty influencer is a celebrity — some gained notoriety because of YouTube or Instagram, and successfully translated their social media personalities into massive beauty brands and multimillion-dollar net worths.

Huda Kattan, called one of the most influential beauty bloggers in the world by The New York Times, began sharing makeup tutorials, how-to videos, and tips on Instagram and YouTube in 2010. Her following grew so much that when she launched synthetic and faux mink lashes in 2013, they sold out on her first day. Today, she has over 577 million Instagram followers between her personal and private accounts and 3.1 million YouTube subscribers.

Huda Kattan

Kattan told CNN Instagram was the turning point. "It was the catalyst that changed everything," she said. "It changed the dynamics in which people not only communicate but are inspired as well."

Retail sales for Huda Beauty hit $1.5 million the first year — revenue for 2018 was expected to be $300 million, according to ForbesForbes valued her company at $1 billion and Kattan herself worth $500 million, based largely on their "valuation of her stake in the company." 

It's a similar success story for influencer Michelle Phan, who got her start sharing beauty tutorials and guides on YouTube — 40,000 people watched her first video the first week; the now defunct channel has nearly 9 million subscribers.

Michelle Phan

Phan, reportedly worth $50 million, parlayed that success into the cosmetics industry with makeup subscription company Ipsy in 2011, valued at $800 million with more than 1.5 million subscribers just five years later, according to Yahoo. In 2013, she launched her own cosmetic line for L'Oreal called EM Cosmetics. 

"Influence is the new power — if you have influence you can create a brand," Phan told Forbes.

Beauty is booming

It's easy to see why more influencers and celebrities are entering the beauty space — and the effect they're creating when they do. The beauty industry has grown exponentially over the last three decades, Jones said. As of 2010, the beauty industry had global sales of $330 billion worldwide, according to "Beauty Imagined."

"In the past, luxury brands sold through department stores and mass brands sold through drugstores," Jones said. Now, though, "the whole market has fragmented, providing the opportunity for the launch of many new brands."

Over 1,000 beauty brands have entered the prestige market since 2015 because it's lucrative, healthy, and profitable, Larissa Jensen, beauty analyst at The NPD Group, told Business Insider.

It's also easier than ever before to create and launch a brand, Jennifer Walsh, co-founder of retailer Beauty Bar, consultant, and brand marketer, told Business Insider. And the power of digital has made it even easier to reach consumers.

"For decades, we had to rely on print media and TV to introduce a brand or products," she said. "Now, we can have our own channel online. If you have a great product, beautiful packaging, and are good at storytelling, you can truly get your message/product out to others quickly."

Join the conversation about this story »

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          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      
As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.
          Meet the most powerful Goldman Sachs banker you've never heard of; Silicon Valley has made top data-science talent too expensive for many hedge funds      Comment   Translate Page      

 

Dear Readers,

It was "millennial money week" here at BI, where we got the results back from an INSIDER and Morning Consult survey that polled 4,400 young Americans on their spending habits. 

We published a number of stories based on the results. Here are some of the key findings. 

If you're new to the Wall Street Insider newsletter, you can sign up here.

Finances

1) Twenty-eight percent of millennials think they're worse off financially than they thought they'd be a decade ago.

2) A variety of economic factors have played a role in delaying some millennials' wealth-building process. The Great Recession, student-loan debt, and a higher cost of living have made it difficult for millennials to save.

College

1) Nearly half of millennials who have or have had student-loan debt think college wasn't worthwhile.

2) The divide between people who do think college was worth it and those who don't is clear: Millennials who are still paying off their student-loan debt feel worse about having gone to college than millennials who have already paid off their debt.

Retirement

1) Many Americans expect to buy a house or retire one day but aren't saving for it.

2) One-quarter of millennials who expect to retire between ages 66 and 75 have no retirement savings account.

3) Nearly half of Gen Xers have no retirement account, despite most expecting to retire between 56 and 75.

But, despite all of these money worries, our survey shows that millennials aren't curbing their spending. In fact, if given an extra $1,000 in a month, millennials and baby boomers would spend similarly. And while millennials are delaying major life events such as buying a house and having kids (due in large part to massive student loan debt), they aren't abandoning these things entirely. 

Bottom line: millennials have been accused of killing razors, mayo, golf, weddings, beer, and cereal. The rationale for this (at least according to the Fed) has been that it's because younger Americans don't have as much money to spend than previous generations. But the truth is a lot more complicated. 

Thanks for reading and have a great weekend! 
Olivia


Rich Friedman goldman sachs merchant banking

'It's good to be Rich': Meet the Goldman Sachs banker who has built a private investing empire that goes head-to-head with Blackstone — and you've probably never heard of him

The Champagne was flowing in February 2018 when the Goldman Sachs executive Rich Friedman welcomed a couple hundred guests to the Rainbow Room. The Manhattan landmark, opened in 1934, offers a menu with beef Wellington and baked Alaska and serves a $162 brunch. Overlooking Manhattan from the 65th floor of Rockefeller Center, guests danced and chatted as Stevie Wonder played piano.

On the surface, the event was a celebration of Friedman's 60th birthday. But it could have easily been a celebration of a Goldman Sachs career entering its golden years. Therecent retirement of CEO Lloyd Blankfein made Friedman the longest-tenured partner at Goldman.

Since 1991, Friedman has built the bank's private-investing activities into a sprawling collection of funds that have invested more than $180 billion in real estate and infrastructure, private equity, and credit markets that often competes with flashier investment firms like Blackstone, Carlyle, and KKR.

Though advocates put him in the pantheon of buyout greats, Friedman hasn't enjoyed the same name recognition as men with names like Schwarzman, Kravis, and Rubenstein. That's by design, according to interviews with about a dozen current and former colleagues, clients, and competitors.

READ MORE HERE >>

Tim Throsby sent an email to Barclays' CEO with the title 'irreconcilable.' He warned that a plan to gut compensation by 20% and boost profitability was unrealistic.

Tim Throsby, a former JPMorgan banker hired by Barclays to much fanfare to run its investment bank, drafted an email over the weekend of March 23 to 24. By the time he got around to sending it to CEO Jes Staley, he was already out.

The subject line of the email, according to someone who had seen it, was "irreconcilable."

The email was sent to Staley and a number of other senior leaders on March 28, a day after Throsby's shock departure from Barclays was announced, and rehashed the concerns he held over his boss' strategy. The email said Staley planned for cost reductions and job cuts — including a 20% cut to total compensation — for Barclays International, as well as a reduction in reserves held in case of credit losses, according to the person.

READ MORE HERE>>

Silicon Valley has made top data-science talent too expensive for many hedge funds, so they're getting creative to compete

On one side, there are billions of dollars from the world's biggest investors ready to be run by your algorithm. On the other, there's a chance to work at the most talked-about companies on the planet —right as they promise to turn their employees into millionaires overnight.

The battle for top tech talent between Wall Street and Silicon Valley is nothing new, but it's reaching a fever pitch in the hedge fund industry, industry participants and consultants said, as both sides eye billions of dollars up for grabs thanks to a host of buzzy tech unicorns expected to go public, like Uber, Slack, and Pinterest.

This Silicon Valley gold rush has forced hedge funds to grapple with a problem they hardly ever run into: The industry is being outbid for the top talent.

READ MORE HERE >>

YieldStreet, a fintech company offering exotic investments in things like art, but experts are warning about the risk

Wealthy individuals who want to reap the financial benefits of investing in a Monet without actually owning an $80 million painting will soon have a new option.

YieldStreet, a financial platform that offers exotic investment products like marine finance and loans to law firms to the mass affluent, is buying an company called Athena Art Finance from private equity firm Carlyle in a deal valued at $170 million. YieldStreet's 100,000 investors will be able to invest in art financing as a result of the deal.

The deal comes as more financial technology players are trying to open up access to investments previously reserved for institutional or ultra-wealthy investors, such as private equity. Earlier this week, Nasdaq and iCapital, a BlackRock-backed alternative investment company, said they're working to create a platform that will launch later this year to allow private fund investors to sell their stakes before the end of a fund's life.

READ MORE HERE >>

BlackRock-backed iCapital is teaming up with Nasdaq to create a private equity fund selling platform for wealthy investors

As wealthy individuals get into private equity and other illiquid investments in greater numbers than ever, they're increasingly looking for ways to get out, too.

Institutional investors, who long dominated strategies like venture capital, private equity real estate, and private credit, have worked with advisers to sell their fund stakes on the secondaries market. That option hasn't been available to individual investors, who may not be able to keep their capital locked up for the decade or longer that a private fund requires.

Nasdaq and iCapital, a BlackRock-backed alternative investment company, are now seeking to give investors that option by creating a platform that will launch later this year, executives told Business Insider.

READ MORE HERE >>

An inside look at Digital Asset, the blockchain company that's shifting strategies as Wall Street loses interest in the technology

A blockchain company that no longer deals solely with blockchains.

Digital Asset made a name for itself as a leader in how distributed-ledger technology would be implemented on Wall Street when it burst onto the scene in 2014. Big-name backers, large funding rounds, and a former high-profile bank executive caused it to turn heads.

Five years later the industry is still considering how best to implement distributed-ledger technology. While nearly every Wall Street firm has invested resources into investigating blockchains, real-world applications of the technology beyond pilot programs have been largely nonexistent.

READ MORE HERE >>

Wall Street move of the week:

Barclays just lost two more executives as Ravi Singh departs after only four months

In markets:

In tech news:

Other good stories from around the newsroom:

Join the conversation about this story »


          Tesla isn't the next Theranos — here are 10 reasons why (TSLA)      Comment   Translate Page      

Elizabeth Holmes

  • Tesla and Theranos are sometimes discussed in the same terms, as Tesla CEO Elon Musk has jousted with the SEC and former Theranos CEO Elizabeth Holmes faces criminal charges for accusations of fraud.
  • The Tesla-Theranos comparison, like the Tesla-Enron comparison, makes for fiery debates, but the comparison falls apart on closer scrutiny.
  • At base, Tesla has a product that's relatively easy to understand — cars — while Theranos product was shrouded in secrecy.
  • Visit Business Insider's homepage for more stories.


If you have the misfortune to follow or even periodically stumble across the discussion of Tesla impending bankruptcy on Twitter (#TSLAQ) or elsewhere on the internet, you're aware that the company is now often being compared to Theranos, the onetime $9-billion blood-testing startup that's now worth nothing and whose former CEO, Elizabeth Holmes, is currently facing criminal charges.

Tesla CEO Elon Musk has poured fuel on the #TSLAQ fire by running afoul of the Securities and Exchange Commission, just as Holmes did (she settled and was barred from serving as an officer of a public company for a decade). Tesla also added Oracle's Larry Ellison to its board — and Ellison was a Theranos investor.

As l'affaire Theranos has broken out of the business press. John Carreyou's Bad Blood, his account of Holmes' and Theranos' rise and fall, is a bestseller, with a film starring Jennifer Lawrence as Holmes in development. An HBO documentary premiered last month. A general climate of skepticism about Silicon Valley's "save the world" ambitions has also emerged in the aftermath of Facebook's scandals. 

Read more: The biggest question for Tesla is whether the company can make steady profits on its cars

This has all undermined the reality of Tesla and replaced it with a sort of wildly speculative canvas onto which assorted conspiracies and malfeasances can be painted. At base, Tesla is a relatively small auto company that, remarkably, has come to dominate the mostly abandoned electric-car business (there are more than a billion cars on the road worldwide, and almost none of them run on electricity).

Outlandish enthusiasm on Wall Street for the future of electric cars — coupled with too much money sloshing around in the economy thanks to post-financial crisis government action — has minted a stupid-high stock price for Tesla and intensified the focus on the company. Tesla itself has struggled mightily with its manufacturing fundamentals, becoming an outlier in an industry that easily built over 17 million cars and light trucks in the US alone last year, while Tesla managed 250,000.

Looks bad, right? But is it Theranos bad? Hardly. Here's why:

FOLLOW US: On Facebook for more car and transportation content!

1. Nobody understood Theranos' product.

Theranos' small-sample blood tests were supposed to be executed using a device named "Edison" that accelerated diagnostics, lowered costs, and democratized lab work. But the device never worked, something that the company concealed. Holmes' claims about the technology evidently confused experts for years.

Superficially, Tesla's and Musk's commitment to automated manufacturing could be construed as sort of "Edisonian" — except that everybody in the auto industry understands automation and its limits. They also understand the end product, which is an automobile. It's pretty easy to tell if either the production system is flawed or the product is bad: the cars don't roll off the assembly lines; or the cars don't work.



2. Theranos never went public.

Tesla staged an IPO in 2010 and for nine of its 15 years in business has been compelled by law to expose its financials four times a year.

Theranos was founded in 2003 and had no legal obligation to report its financials until it collapsed in 2018.

An IPO isn't a perfect mechanism to open up a company to scrutiny. But investors have been able to analyze Tesla's balance sheet and financials for almost a decade.



3. Theranos was the only thing Holmes had ever done.

Holmes dropped out of Stanford to start Theranos when she was 19. She had no background in business nor startups.

Musk sold his first company in 1999 and parlayed that success into another company that would eventually become PayPal. He then sank all his money into Tesla and SpaceX. 

Consequently, Musk knew that a real product was going to be critical to Tesla's survival.



See the rest of the story at Business Insider
          The Uber IPO exposes how Saudi cash drives Silicon Valley innovation, and even the biggest tech companies can’t stop it      Comment   Translate Page      

Saudi Arabia Crown Prince Mohammed bin Salman

  • Uber's S-1 filing showed that Saudi Arabia's Public Investment Fund owns 5% of the company.
  • The Public Investment Fund is also a top investor in Softbank's gargantuan Vision Fund, which owns 16% of Uber — not to mention sizable stakes in companies like Slack, WeWork, and DoorDash. 
  • Saudi Arabia has been criticized for human rights abuses and repressive laws, so it's a problematic source of cash for Silicon Valley, which prides itself on changing the world.
  • But Silicon Valley is under attack like never before these days, and that's caused a cynical search for stability that seems to have made taking Saudi money a non-issue. 

Silicon Valley's relationship with an undemocratic regime that has a troubling human rights record is in the spotlight. 

President Donald Trump has spoken out about it. Lawmakers are debating ways to stop the flow of money and data between the two.

The adversary in this cross-border drama is China, which has raised alarm bells in the US as it bulks up its homegrown tech industry and arouses suspicion of spying and influence.

However, there's much less fuss about the cozy ties between another repressive foreign power and Silicon Valley. 

Saudi Arabia's presence in Silicon Valley is greater than it's ever been. 

That became especially clear on Thursday when Uber filed its IPO paperwork. We learned from the S-1 filing that the kingdom's Public Investment Fund owns 5.2% of the ride-sharing company. 

The figure might actually under-count Saudi Arabia's influence within Uber. Softbank, the Japanese tech conglomerate, owns a 16.3% stake in Uber through its Softbank Vision Fund. The biggest investor in the Vision Fund is Saudi Arabia, which contributed $45 billion of the fund's massive $100 billion bankroll

Mohammed bin Salman and Masayoshi Son SoftBank

The Vision Fund is Silicon Valley's undisputed kingmaker today, writing big checks and amassing stakes in high-flying startups such as WeWork, Slack, DoorDash and GM Cruise. That means Saudi cash is essentially funding much of Silicon Valley's innovation.

As the New York Times pointed out in October, this gusher of Saudi money is an inconvenient truth for an industry that prides itself on making the world a better place.

From space to augmented reality, Saudi cash is everywhere

Some basic facts about Saudi Arabia: It's a place where torture and arbitrary arrests are widespread, according to Amnesty International; a place where women are not allowed to travel abroad without the permission of a male "guardian." It's the leader of a coalition blamed for airstrikes in Yemen responsible for thousands of civilian deaths and injuries. 

And then there's the gruesome killing of Saudi dissident journalist Jamal Khashogghi, which, according to the CIA's initial conclusion, was ordered by Saudi Crown Prince Mohammed Bin Salman, the Wall Street Journal reported.

In other words, Saudi Arabia is antithetical to everything tech companies' altruistic mission statements claim to stand for.  

Saudi money may be more prevalent in tech now, but it's not new. Prince Alwaleed bin Talal was an early investor in Twitter, and at one point owned a stake larger than cofounder Jack Dorsey's. (Alwaleed was himself detained — in a Ritz Cartlon hotel — for three months in 2017 by his cousin Prince Mohammed, the current leader of the country).

And the Saudi Public Investment Fund is also a shareholder in Magic Leap, Tesla and Virgin Galactic, according to research firm CB Insights. Whether you're in augmented reality or outer space, there's no escaping Saudi money.

A 2018 Quartz article cites an estimate by research firm Quid that Saudi investors directly participated in tech investment rounds totalling at least $6.2 billion during the previous five years.

dara khosrowshahi fortune uber

Uber CEO Dara Khosrowshahi backed out of a conference organized by Prince Mohammed last year after the Khashogghi killing, as did now-former Google Cloud CEO Diane Greene. But for the most part, there's been little pushback among tech startups when it comes to accepting Saudi or Softbank money.

Uber's winds of change

So why is Silicon Valley okay with Saudi money? 

It's true that we live in a world that runs on oil — so drawing a moral line isn't easy when you're pumping gas into your car every day. 

Maybe the tech industry thinks it's bringing the winds of change.

After all, when Uber announced its Saudi investment in 2016, women weren't allowed to drive.

“Of course we think women should be allowed to drive,” Uber's Jill Hazelbaker told the New York Times at the time. “In the absence of that, we have been able to provide extraordinary mobility that didn’t exist before — and we’re incredibly proud of that.”

And two years later, change did happen when the ban on women driving was officially lifted.

Did Uber's presence in Saudi Arabia cause the change? It's impossible to say with certainty, but I'd wager not. 

Much more likely is that Prince Mohammed, looking for a way to burnish his credentials as a "reformer" when he rose to power in 2017, saw the controversial driving ban as an easy and expedient thing to jettison in exchange for goodwill.

The notion of working from the inside to bring about change has a long and not-so-great track record in tech. Think back to Google contorting itself into a pretzel to justify its introduction, and then withdrawal, of a search engine in China. When outrage recently erupted over Google's secret plans to make a new censored search app for China, the company didn't even try to justify itself with a "change from within" argument.

Tech businesses don't really want a revolution

You may ask, at this point, why more companies don't take a stand and turn down Saudi cash. 

The sad reality is that companies are more interested in preserving the status quo that their businesses are built on than in bringing about change; even the "disruptive" tech companies.

That's especially true today, as tech companies are under siege from all sides, blamed for disrupting our privacy, our elections and our children's attention spans. 

donald trump orb saudi arabia

Thinking differently is great marketing copy when it sells gadgets. But there's little upside in leading a revolution if it scares away customers. 

Look no further than Google's app store. Thanks to an app called Absher, Saudi men can direct where women travel, and receive alerts when women use a passport to leave Saudi Arabia. After Insider's Bill Bostock investigation into this wife-tracking app, US lawmakers demanded that Google remove Absher from its app store.

Google refused to pull the app. It argued that the app does not violate its terms of service.

Right now, the tech industry's terms of service are clear. Whether it's about policies, products or investors, the golden rule is stability. 

SEE ALSO: Uber can't decide whether cofounder Travis Kalanick is an asset or a liability, and it makes for an awkward but revealing IPO filing

Join the conversation about this story »

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          The US economy increasingly looks like it's past the point of no return — and not even the Fed can save it from the next recession      Comment   Translate Page      

trader

  • The Federal Reserve would like to achieve a so-called soft landing by slowing down the economy without triggering a recession. 
  • According to David Rosenberg, the chief economist at strategist at Gluskin Sheff, this is looking highly unlikely. 
  • His charts below lay out some of the economy's most vulnerable spots, explain why it may be too late for the Fed to avert the next recession, and highlight parts of the market that have historically done well during downturns.
  • Visit BusinessInsider.com for more stories.

The Federal Reserve has undoubtedly played a key role in juicing this economic expansion and enabling a historically long bull market in stocks.  

But with nascent signs of an economic slowdown, the Fed's capacity to fight the next recession is being called into question.

At issue is whether the Fed can achieve another so-called soft landing, which happens when the Fed raises interest rates sufficiently enough to avert an overheated economy and stops tightening soon enough to avoid a recession. The last time this happened was in the mid-1990s, when the Fed successfully paused its hiking campaign — as it has now — before resuming.

Not everyone thinks the Fed will be able to engineer a slowdown without a recession, including David Rosenberg, the chief economist and strategist at Gluskin Sheff.

His table below provides the first reason why: Historically, Fed rate-hike cycles have been followed by recessions, not soft landings.

Screen Shot 2019 04 12 at 11.39.16 AM

The other big bone of contention that Rosenberg has with the Fed lies in how it has shifted the estimate of what it considers the neutral rate. "Neutral" refers to a theoretical level of interest rates at which the Fed has basically achieved its goals: prices are stable, there's full employment, and the economy is neither slowing nor accelerating. 

The Fed has consistently lowered this estimate — also known as the terminal funds rate — since the Great Recession. But, as Rosenberg points out, the most recent recent haircut placed it within one more hike of its current benchmark rate. In other words, the Fed is signaling that this source of rocket fuel for the economy is running close to empty. 

Screen Shot 2019 04 12 at 11.57.21 AM

Looking beyond the particulars of the Fed's decisions, Rosenberg has identified several parts of the economy that investors should be watching closely.

The first place to watch is the interest-rate market, which is immediately impacted by Fed policy. Much ado has been made of the inverted yield curve, or the difference between 3-month and 10-year Treasuries that recently turned negative. Similar inversions have preceded every US recession since the 1950s, and this episode sent the New York Fed's recession-probability model to an 11-year high.

Read more: Wall Street is fixated on the yield curve — but one market bear warns a more ominous threat is set to tip the economy into the 'ice age'

Screen Shot 2019 04 12 at 12.24.52 PM

The corporate-debt market is another sore spot.

Looser regulations since the 2016 elections have spurred many companies to arrange financing to grow their businesses, and a record $1.8 trillion in corporate debt is coming due in 2023, according to data compiled by Bloomberg. This borrowing binge has in turn driven corporate debt to historic and potentially ominous highs relative to gross domestic product, as the chart below shows.

Screen Shot 2019 04 12 at 12.32.03 PM

The problem is not just in the sum of debt — it's the fact that many of these companies may be unable to repay their debt if the economy slows.

What others are saying 

For now, stock-market investors are taking their cue from the ongoing pause in interest rates, and are exuding confidence that the immediate future is rosy. Despite all the recession talk, the market is back within shouting distance of an all-time high, following the late-year correction that was spurred by concerns about high interest rates. 

Also, there aren't many economists or investors who are willing to mention the dreaded 'r' word at the first signs of a slowdown. Apart from the reputational threat of being wrong, there's a technical one: recessions have no start date that's easy to pinpoint ahead of time. They are subjectively determined by the National Bureau of Economic Research, which always makes the call after the economy is already speeding in reverse gear. 

But there are other pundits like Rosenberg who are willing to shout at the first hint of smoke, even before the fire is obvious. And he doesn't stop there: his chart below shows how various asset classes have historically stacked up during recessions, and could serve as a starting point to prep for the next one. 

Screen Shot 2019 04 12 at 10.55.30 AM

SEE ALSO: Morgan Stanley's recession dashboard is flashing a signal it's never shown before — and the firm has put together a game plan to avoid the losses to come

Join the conversation about this story »

NOW WATCH: The founder and CIO of $12 billion Ariel Investments breaks down how his top-ranked flagship fund has crushed its peers over the past 10 years


          From Willard Straight to Wall Street: a memoir / Thomas W. Jones      Comment   Translate Page      
Dewey Library - HG172.J66 J66 2019
          10 Must Reads for the CRE Industry Today (April 12, 2019)      Comment   Translate Page      
Manhattan office leasing is down this year despite job market growth, according to the Wall Street Journal. Bed, Bath & Beyond to close at least 40 stores this year, according to MarketWatch. These are among today’s must reads from around the commercial real estate industry.
          Jeff Reeves's Strength in Numbers: The 5 biggest questions about Netflix’s earnings      Comment   Translate Page      
Wall Street wants answers about Netflix’s customers, competition, and content, writes Jeff Reeves.

          12 Bank Stocks That Wall Street Loves the Most      Comment   Translate Page      
Bank earnings season kicked off Friday April 12 with first quarter reports from JPMorgan Chase JPM and Wells Fargo WFC As more reports roll in investors will be keen to see what a pause in interest rate hikes and a potential slowdown in economic growth could mean for
          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      
As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.

          Trump Slams Fed Again, Says Stocks Should Be 5000-10000 Higher - Bloomberg      Comment   Translate Page      
  1. Trump Slams Fed Again, Says Stocks Should Be 5000-10000 Higher  Bloomberg
  2. Why Donald Trump's Fed picks Stephen Moore and Herman Cain have caused such a ruckus  USA TODAY
  3. As Trump pressures Powell, Wall Street gives Fed a passing grade  Reuters
  4. What Donald Trump gets right about the US economy  Financial Times
  5. Trump says Federal Reserve is holding back stock market, economy | TheHill  The Hill
  6. View full coverage on Google News

          Where do your tax $$$ go?      Comment   Translate Page      

It's a black hole of waste and corruption - I'm talking about the Pentagon budget.

When you add up all the various pots of gold where military money is hidden the total US military budget tops $1 trillion per year.

And what goes for wanting?

Health care, education, infrastructure repair, mental health programs, housing, environmental care, sustainable technology development and much more.

It's your money.

We've become a militarized economy where the only real government job creation in our local communities is weapons production and endless war.  American is addicted to war like a drunk sitting at the bar.

The Pentagon calls it 'security export'.  They mean that the US's role under corporate globalization will be endless war and regime change operations that only benefit Wall Street and the resource extraction corporations.

In Brunswick, Maine we will gather at the downtown post office between 11:00 - 1:00 pm on Monday (April 15) to hand out the above flyers to people as they drop their tax returns in the mail.

We've got to do all we can to get the public to think about where their hard-earned $$$$ is going and to encourage organizing to make life possible for the future generations.

It's not the poor and immigrants who are causing our national fiscal crisis.  It is war, greed and corporate domination of our political system and economy.

Bruce
          Goldcorp, Newmont announce receipt of investment Canada Act approval       Comment   Translate Page      
See the rest of the story here.

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          Engineering Company = Engineering Culture      Comment   Translate Page      
Great article on Wall St vs New Order/Startup companies.  One particular statement stands out: Engineering Company = Engineering Culture In Wall Street, Finance is the business, and technology is merely a mechanism that exists to facilitate that business. Technology is seen as a cost center, and when it is necessary to cut costs
          Kommentar zu The Wolff of Wall Street: Die Eurokrise von gabrieleweis      Comment   Translate Page      
Ich stelle mir ein demokratisches Geldsystem wie folgt vor: https://diskursblickwechsel.wordpress.com/2019/04/08/jeder-steuer-staat-eine-absurditaet/ Kommt mir selbst ´verrückt´ einfach vor - habe noch nichts in dieser Richtung gefunden: > Hallo Herr Wolff: wo bitte, geht meine Überlegung in die Irre ? Ich suche dringend fachmännische Antwort!
           Comment on Occupy Wall Street signs photos, November 2011 by US religious Rightist Robertson advocates wife-beating | Dear Kitty. Some blog       Comment   Translate Page      
[…] Pat Robertson: Beat Your Wife! Russell Simmons Defends Occupy Wall Street […]
           Comment on Fundamentalist Pat Robertson claims Orlando massacre victims ‘deserved it’ by US religious Rightist Robertson advocates wife-beating | Dear Kitty. Some blog       Comment   Translate Page      
[…] Pat Robertson: Beat Your Wife! Russell Simmons Defends Occupy Wall Street […]
          American Airlines extends cancellations through Aug. 19 - AOL      Comment   Translate Page      
  1. American Airlines extends cancellations through Aug. 19  AOL
  2. American Airlines cancels all 737 Max flights through August 19  CNBC
  3. Southwest conducted manufacturer-recommended reviews of 12 engines on its Boeing 737 Max planes  CNN
  4. American Joins Southwest in Extending Flight Cancellations as Jet-Grounding Drags On  The Wall Street Journal
  5. American Airlines extends Boeing 737 Max flight cancellations  BBC News
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          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      

As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.

The post <a href=http://feeds.reuters.com/~r/reuters/businessNews/~3/DxfNTQPa4nA/as-trump-pressures-powell-wall-street-gives-fed-a-passing-grade-idUSKCN1RQ0AF target=_blank >As Trump pressures Powell, Wall Street gives Fed a passing grade</a> appeared first on Wide World of Work.


          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      

As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.

The post As Trump pressures Powell, Wall Street gives Fed a passing grade appeared first on Wide World of Work.


          Jeff Reeves's Strength in Numbers: The 5 biggest questions about Netflix’s earnings      Comment   Translate Page      
Wall Street wants answers about Netflix’s customers, competition, and content, writes Jeff Reeves.

          (USA-MI-Southfield) Enterprise Improvement, Senior Vice President      Comment   Translate Page      
Enterprise Improvement, Senior Vice PresidentLocation: North AmericaInterested in a future that exceeds your expectations? AlixPartners, a leading global consulting firm, is looking for a Senior Vice President candidate who is passionate about delivering high value, complex opportunities. We are seeking professionals who have the combination of capability, drive, training and intellectual curiosity that typically predicts success at AlixPartners. Our advisory/consulting organization is distinctive - we offer our consulting professionals the opportunity to work on situations that are literally on the front page of the Wall Street Journal, as well as at the top of Board Room agendas. We work for owners, boards and CEOs and they hire AlixPartners to assist on solving their most complex, highest value opportunities.Our practice works with healthy, under-performing and distressed companies across a variety of urgent, high impact situations. Our seasoned professionals are recognized experts in their respective fields, leveraging their skills and experience to create measurable, better outcomes for our clients. In this challenging role, you will be responsible for leading projects, analyzing corporate performance, driving cost reductions, revenue growth and profitability improvement in your industry or functional area(s) of expertise in 'high stakes' situations. As part of our collaborative team, you will have the opportunity to achieve exceptional results in our fast paced environment, with continuous opportunities to pursue your professional development, career interests and growth aspirations.Work Experience Requirements:•8-15 years of business experience•2+ years of related consulting experience in a professional services firm environment preferred.•Recognized for deep sk.ills and passion as a specialist in specific industries/service(s) area(s) (e.g., any combination of industry or service areas such as; supply chain, profitability, logistics, procurement, revenue growth, financial services, retail, manufacturing, consumer, process industries, etc.)•Experienced with leading and managing complex work streams and projects.•High energy style, flexible and adaptive, with the ability to work well in a very fast paced environment.•Understands client culture, political environment and stakeholder agendas. Builds and drives the case for change on related work streams and projects.•Proficient with complex and sophisticated negotiations.•Independently structures problem solving approaches and adapts quickly to changing direction.•Synthesizes complex analysis, and identifies implications with attention to detail.•Innovative with the development of new tools, methodologies and approaches.•Effectively plans for and mitigates risks on projects and work streams.•Experienced with proposal development, strong commercial instincts and interest.•Advanced written communication skills, self-directed with preparation of client ready document and presentation development. Articulately communicates information and adapts communication effectively to the audience.•Exceptional customer service and interpersonal skills. Builds counseling relationships with clients and peers.•Works effectively with others. Capable of 'flexing' between big picture strategy and detailed focus.•Analytical, capable of developing and managing related analytics, reports and metrics.•Advanced proficiency with Microsoft Word, PowerPoint, Access and Excel applications.•Openness for up to 100% travel M-FEducation Requirements:•Bachelor's degree in Business, Engineering or foreign equivalent. Master's degree and/or certification in related sp
          Here's Where UConn Ranks Among Most Valuable College Basketball Programs      Comment   Translate Page      

Syracuse rated highest among most valuable teams in New York, New Jersey and Connecticut at No. 6 ($162,980,000).

Ever wonder how much your favorite men's college basketball program is worth?

Newly released rankings provide the answer.

Highlights from the annual report, compiled by Ryan Brewer, an associate professor of finance at Indiana University-Purdue Columbus, were published by The Wall Street Journal.

Th...


          Links 15 April 2019      Comment   Translate Page      

Global Macro / Markets / Investing: Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why – Blacklist News Risk of earnings recession rises, as S&P 500 profits to fall for first time in 3 years – MarketWatch The Leader of the World’s Largest Hedge Fund Says the Economic

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          Dobre wyniki banków pomagają Wall Street      Comment   Translate Page      
Dzisiaj nieoficjalnie ruszył sezon wyników kwartalnych na Wall Street.
          W USA czekamy na wyniki spółek      Comment   Translate Page      
W USA czwartek przed startem sezonu raportów kwartalnych spółek był na Wall Street poświęcony przygotowaniom do tego sezonu.
          Jeff Reeves's Strength in Numbers: The 5 biggest questions about Netflix’s earnings      Comment   Translate Page      
Wall Street wants answers about Netflix’s customers, competition, and content, writes Jeff Reeves.

          Trump adresse de nouvelles critiques à la Fed      Comment   Translate Page      
(zonebourse.com) WASHINGTON, 14 avril (Reuters) - Donald Trump a affirmé dimanche que les actions de politique économique de la Réserve fédérale américaine avaient amputé la croissance et la progression de Wall Street et demandé à la banque centrale d'injecter de l'argent dans l'économie comme lors des années de récession 2007-2009. ...
http://www.zonebourse.com/actualite-bourse/Trump-adresse-de-nouvelles-critiques-a-la-Fed--28421570/?utm_medium=RSS&utm_content=20190414
          Wall Street closes near record highs      Comment   Translate Page      
U.S. stocks closed near record highs on Friday after JPMorgan Chase soothed worries that the first-quarter earnings season would curb Wall Street's big rally back from last year's slump. Fred Katayama reports.
          Sarah Sanders: Transferring immigrants to 'sanctuary cities' is 'an option on the table' - CNN      Comment   Translate Page      
  1. Sarah Sanders: Transferring immigrants to 'sanctuary cities' is 'an option on the table'  CNN
  2. Sanders: Plan to send illegal immigrants to sanctuary cities under 'thorough' review  Fox News
  3. White House Fully Reviewing ‘Sanctuary Cities’ Idea  The Wall Street Journal
  4. Bizarro world: Pelosi angry over Trump plan to send illegal crossers to sanctuary cities | TheHill  The Hill
  5. Commentary: The 45th president of the U.S. is poisoning his nation  Salt Lake Tribune
  6. View full coverage on Google News

          Wall Street Humour - Freelance Cartooning Job      Comment   Translate Page      
Design Wall Street general cartoon satire based on specific instructions from a trader who is intimately involved in the markets. Will involve cartoons of bulls and bears, investors, traders, Wall...
          Trump Attacks Fed Reserve For Not Increasing Stock Market By 10000 More Points - Hill Reporter      Comment   Translate Page      
  1. Trump Attacks Fed Reserve For Not Increasing Stock Market By 10000 More Points  Hill Reporter
  2. Trump Slams Fed Again, Says Stocks Should Be 5000-10000 Higher  Bloomberg
  3. As Trump pressures Powell, Wall Street gives Fed a passing grade  Reuters
  4. What Donald Trump gets right about the US economy  Financial Times
  5. Like it or not, politics is creeping into the US Federal Reserve  South China Morning Post
  6. View full coverage on Google News

          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      
As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.

          BWW Review: JUNK at Arena Stage      Comment   Translate Page      
(L to R) Edward Gero (Thomas Everson Jr.), Perry Young (Raul Rivera) and Thomas Keegan (Robert Merkin) in Junk.

We often ask ourselves how we got where we are. Junk, by the award-winning playwright Ayad Akhtar, attempts to answer that question, at least in one area, by providing insight to the changes in finance on Wall Street in the 1980s.

The play follows Robert Merkin, a young rising star who's changing the game on Wall Street and setting his sights on his largest takeover yet. Merkin is certain he's creating a better country, but, despite the "true believer" mentality embraced by Merkin, his business-minded wife, and his colleagues, Merkin's methods raise eyebrows on Wall Street and within the media, and soon catch the attention of the US Attorney's office.

The show is incredibly well-written (as one would expect from a playwright whose work had previously won a Pulitzer Prize). It never shies away from financial jargon, but it also never talks over or down to the audience. The show is an accessible deep-dive into the world of finance, and it also manages to carefully balance that with a very human, emotional element. One of the most striking aspects of the show is that there are no clear good or bad characters - every character simultaneously earns the support, sympathy, distrust, and disdain of the audience in turn, and they're all incredibly complex. Merkin, for example, is hubristic and taking actions that are questionable at best, but he's also empathetic of the experiences of those around him and considers how the average American is impacted by the biased systems he sees. His main rival, Tom Everson Jr., is focused on the community his company has supported for generations and actively works to keep his company's floundering divisions afloat to keep his workers employed, but he's also incredibly insecure about his ability to live up to his family's legacy and regularly makes racist and anti-Semitic comments. Even the Attorney General manages to be both committed to the law while seeking an edge for his political aspirations. Each time the audience starts to support a character, the character's actions disappoint them; each time the audience is ready to turn on a character, the audience is given a reason to sympathize.

Nancy Sun (Judy Chen) in Junk.

Junk opened on Broadway in 2017, where it was nominated for two Tony awards and has earned a formidable reputation. Arena Stage's production marks the Washington, DC area premiere of the critically acclaimed play, and, happily, Arena's production is more than up to the task of living up to the show's reputation.

Playing such balanced, complex characters without ever crossing too far in any direction requires incredible skill; the show's large cast can very easily make or break this production. And yet, every member of Arena's cast rises to the task. Thomas Keegan deserves tremendous praise for his charismatic Robert Merkin; one particular monologue nearly convinces the audience to agree with his every action, even though, intellectually, we know his conclusions are doomed to lead us on a terrible spiral. Edward Gero's Thomas Everson Jr. is Merkin's perfect foil; he lacks the charisma but has the standing and passion to go toe-to-toe with the financier. Lise Bruneau, as Maximilien Cizik, and and Kashayna Johnson, as Jacqueline Blount, pair perfectly as Everson's long-suffering team, playing both the old supportive guard (Max) and the new generation with an eye on the long-term (Jacqueline). Merkin's team consists of the loyal but cautious Raúl Rivera (a polished and charming Perry Young), eager upstart Israel Peterman (passionately portrayed by Jonathan David Martin), his business shark wife Amy (Shanara Gabrielle's admirably no-nonsense performance is fabulous), and his assistant Charlene (Amanda Forstrom's vignettes provide a nice comedic element to the production). David Andrew Macdonald's Leo Tresler is a great counter to Merkin, stubbornly favoring the old ways to the new, and his chemistry with each character, particularly Nancy Sun's Judy Chen, (who also serves as the show's quasi-narrator) is quite fun to watch. Sun's portrayal of Chen's journey from skeptical bystander to active participant in the financial antics is subtle and skillfully pulls the audience along for her slide; her story, though really a side plot, is one of the more interesting ones amidst a host of interesting tales. Merkin's less-savory crew consists of the constantly on-edge Boris Pronsky (played as just the right amount of sketchiness by Elan Zafir), the slightly more confident Mark O'Hare (Michael Glenn), and the anxious Devon Atkins (Dylan Jackson), who has already been caught and is desperately trying to work with JaBen Early's by-the-book Kevin Walsh. Walsh's boss, Attorney General Giuseppe Addesso is given just the right amount of political sleaze by Nicholas Baroudi. The cast is rounded out by Michael Russotto as the long-suffering and anxious Murray Lefkowitz, and Elliott Bales, who carries two minor roles in addition to his position as Fight Captain.

(L to R) Edward Gero (Thomas Everson Jr.), Thomas Keegan (Robert Merkin) and Jonathan David Martin (Israel Peterman) in Junk.

The large, colorful cast, could easily become overwhelming, but Director Jackie Maxwell easily keeps them all on task with the help of Stage Manager Christi B. Spann and Assistant Stage Manager Rachael Danielle Albert. Misha Kachman's minimalist and versatile set design is perfectly suited for the show, and provides the ideal canvas to balance the large cast. Judith Bowden's costumes set the era perfectly, though it did appear at one point that Amy's suit pieces were slightly mismatched, which was out-of-character (it may have been the lighting, though Jason Lyons' designs were generally spot-on - pun not intended - with the exception of one too-bright spot that reflected off the shiny white table top). Darron L. West's sound design and Brian Burchett's sound and video supervision were also great; I particularly enjoyed the touch of money-themed songs that played after the show's close, which carried over the tone as the audience departed.

Overall, Arena Stage's production of Junk is a solid, enjoyable production, and well worth taking the time to see, no matter your financial status.

Junk is playing at Arena Stage through May 5th. Tickets and information on the show's post-performance conversations can be found on Arena's website. CN: slurs, loud noises, flashing lights, and suicide.

Photos by C. Stanley Photography.


          En Wall Street aseguran que Argentina ya está en un 50% de ir a default      Comment   Translate Page      
Desde Wall Street avisan a sus inversores que Argentina nuevamente está cerca de un default, de allí que en la ultima semana el riesgo país superó los 900 puntos. En los últimos días los seguros [...]
          As Trump pressures Powell, Wall Street gives Fed a passing grade      Comment   Translate Page      
<p>As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.</p>
          Should Startups Choose C Corporation Status After The TCJA?      Comment   Translate Page      
Wall Street Journal: Startups Discover the Allure of the ‘C Corporation’, by Richard Rubin: The corporate structure is gaining new attention among companies after changes in the tax law created the potential for big savings. Some startups are looking for a windfall in tax savings by adopting a corporate structure...
           Comment on Last Remaining Staff Member at KHSU Resigns by Kym Kemp       Comment   Translate Page      
I don't watch to CNN either much as I have only so much time but CNN comes out much better than Fox on multiple different fact checking sites. For instance, while Media Bias Fact Check (one of the best sources around in my opinion) rates both as Mixed in their factual reporting, they have very different reasoning on why. "Overall, we rate Fox News strongly Right-Biased due to wording and story selection that favors the right and Mixed factually based on poor sourcing and the spreading of conspiracy theories that later must be retracted after being widely shared." And "Overall, we rate CNN left biased based on story selection that often favors the left. We rate them Mixed for factual reporting due to misinformation and failed fact checks from guests and pundits. However, CNN’s straight news reporting would earn a High rating for factual reporting." There is a difference in pundits being idiots, and choosing loaded words and the actual news being wrong. Neither is ideal but conflating an F with a C in reporting is problematic. Check out the Media Bias Chart: https://www.adfontesmedia.com/media-bias-chart-3-1-minor-updates-based-constructive-feedback/ (click on the image for a larger version) There is a vast difference between skews liberal/conservative and providing wrong facts. Some examples of great conservative journalism include the National Review and The Hill. Even better are the The Christian Science Monitor and the Wall Street Journal.
          Kik pénzelik a líbiai vérontást?      Comment   Translate Page      
Tripoli — Szaúd-Arábia több tízmillió dolláros támogatást ajánlott a líbiai Halifa Haftár tábornoknak, aki ezt el is fogadta, még mielőtt a napokban hadjáratot indított Tripoli ellen – írta a Wall Street Journal (WSJ). - Blikk - bulvár hírek
          Dự báo giá vàng tuần tới từ 15/04 – 20/04      Comment   Translate Page      
Các nhà đầu tư tham gia khảo sát trên Kitco News tin tưởng giá vàng tuần tới sẽ tăng dù giới chuyên gia vẫn bày tỏ quan điểm thận trọng. Về triển vọng ngắn hạn của giá vàng, giới chuyên gia trên Wall Street vẫn nghi ngại về xu hướng tăng giá, trong khi đó các […]
          To purge some of social media’s ugliness, an unlikely lesson from Wall Street      Comment   Translate Page      

Exactly a year ago, Facebook’s chief executive, Mark Zuckerberg, testified before Congress and apologized for his company’s role in enabling “fake news, foreign interference in elections and hate speech.” It was a memorable moment amid a broader reckoning that continues to inspire debate over how closely Facebook and other technology giants should be regulated. As […]
          Uber und Lyft: Die Skepsis bei Tech-Börsengängen wächst      Comment   Translate Page      
Fahrdienst Uber peilt eine Bewertung von 100 Milliarden Dollar an der Wall Street an. Doch das schwache Debüt des Konkurrenten Lyft dämpft die Euphorie.
          Offer - Cryolipolysis Huntington - USA      Comment   Translate Page      
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          Pfizer announces presentation of data from Phase 2 study of 20vPnC candidate      Comment   Translate Page      
See the rest of the story here.

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          Merck presents results from Phase 3 trial evaluating ZERBAXA      Comment   Translate Page      
See the rest of the story here.

Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.
          Albireo presents data from Phase 2 clinical trial evaluating A4250       Comment   Translate Page      
See the rest of the story here.

Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.
          Assembly Biosciences presents interim data from two Phase 2a ABI-H0731 trials      Comment   Translate Page      
See the rest of the story here.

Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.
          EA, Respawn announce Star Wars Jedi: Fallen Order to launch November 15      Comment   Translate Page      
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          Alliance Data sells Epsilon business to Publicis for $4.4B in cash      Comment   Translate Page      
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          Publicis to acquire Epsilon for $4.40B in cash      Comment   Translate Page      
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          Publicis reports Q1 net revenue EUR2.118B vs. EUR2.082B last year      Comment   Translate Page      
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          Summit Therapeutics presents in vivo PoC data for new mechanism antibiotics      Comment   Translate Page      
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          AMC Entertainment to host analyst meeting      Comment   Translate Page      
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           Ultragenyx to hold Analyst and Investor Day      Comment   Translate Page      
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          State Street appoints Francisco Aristeguieta to lead international business       Comment   Translate Page      
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          Box Office Battle: 'Shazam!' stays number 1 with another $25M       Comment   Translate Page      
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          Facebook suffers third major global outage, Bloomberg reports      Comment   Translate Page      
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          Mnuchin says China trade talks nearing final round, NYTimes reports      Comment   Translate Page      
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          American pulls Boeing 737 Max from summer schedules, Bloomberg says      Comment   Translate Page      
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          Celanese downgraded to Hold from Buy at Deutsche Bank      Comment   Translate Page      
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          Volkswagen planning to build fully electric SUV for China, Reuters says      Comment   Translate Page      
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