Donald Trump’s Treasury Pick Flirts With Junk Bond Status
The man Donald Trump would like to make Secretary of the Treasury is having his worst investment year since the bitterest days of the 2008 financial crisis. Carl Icahn, who has flirted with accepting Trump’s offer before, watched his hedge…
Wealth makes us happier, but only if you share it
LONDON, March 2, 2016 /PRNewswire/ — A narrow focus on GDP is leading to myopic economic policy, a London Business School expert warns. New research by Selin Kesebir, Assistant Professor of Organisational Behaviour, London Business School, and Shigehiro Oishi, Professor…
William Watson: Jose Bautista worsens income inequality – and that’s fair
Montreal’s Institute for Research on Public Policy has just published what’s bound to be an influential book on inequality, if not with the general public (it’s a little wonkish for most people) then certainly with the new government in Ottawa….
Experts Warn Of ‘Snooper’s Charter’ Privacy Breaches
Technology and privacy experts have criticized new surveillance proposals put before the U.K. parliament on Tuesday. Britain’s Home Office has published a new version of the Draft Investigatory Powers Bill, called the “snooper’s charter” by critics, which seeks to regulate…
New Wikileaks Shed Light On Why The US Actually Spies On Its Allies
On Tuesday, February 23rd, another batch of leaked documents was revealed on the notorious website Wikileaks regarding the NSA conducting intelligence gathering operations on allied nations and the UN. Targets included German Chancellor Angela Merkel, Israeli Prime Minister Benjamin Netanyahu,…
FBI Tried To Circumvent Encryption Debate: Apple
Apple General Counsel Bruce Sewell on Tuesday said the FBI’s decision to get a court order compelling the iPhone maker to build a so-called backdoor into one of its devices “cut off the debate” on encryption technology. Ultimately the intertwined…
China’s Loan Spike May Not Be A Red Flag
China’s Loan Spike May Not Be A Red Flag by Hayden Briscoe & Anthony Chan, Alliance Bernstein Lending in China has jumped massively, startling already rattled investors and intensifying fears that the country’s financial system could be close to collapse….
SEC Pays $750,000 Whistleblower Award To Nanex
According to Eric Hunsader, outspoken critic of high-frequency traders, he is the recipient of a whistleblower award from the Securities and Exchange Commission (SEC). On January 15 the SEC revealed that it would pay “more than $700,000” to a whistleblower…
BoA: China’s Wealth Management Products Pose Systematic Risk
BoA: China’s Financial Products Pose Systematic Risk The risk of a liquidity crisis in China’s bank-run wealth management product (WMP) space, the biggest “deposit” base of China’s shadow bank, is growing at an alarming rate according to Bank of America…
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…