Petrobras corruption investigation targets Lula
Federal prosecutors who uncovered a huge corruption scandal at oil company Petrobras are looking into whether Brazil’s former president Luiz Inacio Lula da Silva received undue favors from engineering companies they are investigating. In a letter to the Supreme Court…
China: Slowing Growth and Rising Debt
In FIS Group’s latest insight piece, Tina Byles Williams, CEO and CIO of FIS Group, a manager of U.S. and global developed, emerging and frontier markets equity portfolio strategies with over $4.5B in AUM, shares her insights on China’s slowing…
Alan Greenspan: I Haven’t Been Optimistic In Quite A While
Former Fed Chairman Alan Greenspan spoke with Tom Keene and Mike McKee for Bloomberg TV & Radio. He discussed the ramifications of negative interest rates, Dodd-Frank, U.S. oil production, and his lack of optimism about the markets. Here is Greenspan…
Facebook manager arrested in Brazil for refusing to hand over chat
Rio de Janeiro (dpa) – A Facebook manager has been arrested in Brazil for refusing to cooperate with law officials, Folha de Sao Paulo newspaper reported on its website Tuesday. A judge had asked the company to hand over a…
China to lay off 1.8 million workers
I wonder if they’ll do it by text. Here’s the article, taken from the Guardian. China slowdown China expects to lay off 1.8 million workers in the coal and steel industries, or about 15% of the workforce, as part of…
‘The Path To Hell Starts At The Backdoor’
Microsoft wants Congress and encryption experts to work together on a fair, legal solution to the debate kickstarted after the FBI asked Apple for access to the San Bernardino shooter’s iPhone. “The path to hell starts at the back door,…
The Global Run On Physical Cash Has Begun: Why It Pays To Panic First
Greetings, The Global Run On Physical Cash Has Begun: Why It Pays To Panic First Submitted by Tyler Durden Back in August 2012, when negative interest rates were still merely viewed as sheer monetary lunacy instead of pervasive global monetary…
Chinese make up nearly 20 per cent of Forbes rich list
Beijing (dpa) – After the United States, China has the greatest number of billionaires in the world, according to the 30th annual Forbes rich list. Mainland China has 251 billionaires while Hong Kong, a semi-independent city of China, has 55….
Financial Adviser Misconduct – 44% Are Reemployed In Financial Services Industry Within A Year, & Other Scary Stats
The Market For Financial Adviser Misconduct H/T Streeteye Mark Egan University of Chicago; University of Minnesota Carlson School of Management Gregor Matvos University of Chicago – Booth School of Business Amit Seru University of Chicago – Booth School of Business…
Ed Hyman: The Next Recession Is Five To Six Years Away
Ed Hyman: The Next Recession Is Five To Six Years Away February 29, 2016 by Jeffrey Briskin PDF | Page 2 The U.S. economy is showing signs of weakness, but the next recession is probably five to six years away,…