Russian Bank Getting $2.2B Bailout
In the latest sign of trouble for Russia’s economy, state bank Vneshekonombank (VEB) will receive a bailout worth $2.2 billion after being hit hard by Western economic sanctions. Russian Prime Minister Dmitry Medvedev said Tuesday that “unorthodox measures” were needed…
New Ransomware Installers Can Infect Computers Without Users Clicking Anything, Say Researchers
Ransomware infections have seen exponential growth in 2016, as security researchers report both old encrypting malware like Cryptolocker and new versions like Locky are utilizing craftier methods to attack machines and encrypt files before victims even realize what’s happened. Victims…
Debt demon looms again over Africa
The spectre of high debt is raising its head again in Africa, analysts say, as sub-Saharan nations that borrowed cheaply on global markets are now squeezed by a commodities crash. The return of debt troubles in Africa has caught some…
This is how World War III starts—it will be financial
This is how World War III starts—it will be financial This is how starts—it will be financial In his History of the Peloponnesian War, ancient Greek historian Thucydides told us the tale of a dominant regional power (Sparta) that felt…
Pension Funding Crisis Looms?
Fed Credibility Dwindles, Pension Funding Crisis Looms by Clint Siegner, Money Metals Exchange Fed officials jawbone the markets and spread disinformation. They figure it’s part of their job as central planners. It’s not enough to pull the levers and twist…
Bank Of England Addresses Brexit Concerns
UPDATE: 6:20 a.m. EDT — In its last scheduled policy statement before a looming referendum on the U.K.’s future in the European Union, the Bank of England’s Financial Policy Committee (FPC) said Tuesday that the outlook for financial stability in…
Financial Crisis, Liquidity & Corporate Governance
C O N T E N T S: KEY TOPICS Beltratti, A. and R.M. Stulz (2011) “Why did some banks perform better during the credit crisis? (More…) Senior Supervisors Group (2009) “Risk management lessons from the global financial crisis of…
Chinese RMB – Did Central Bankers Just Save The World?
Chinese RMB – Did Central Bankers Just Save The World? by STA Wealth Management “Speculative bubbles do not end like a short story, novel, or play. There is no final denouement that brings all the strands of a narrative into…
New Studies Make It Clear: Systems Are Rigged Against Minorities
New studies are highlighting the many obstacles minorities in the United States must deal with in order to be treated as equal citizens in the so-called “freest” country in the world. While many wrongfully dismiss charges of bigotry as a…
FBI, DoJ Cracked the iPhone Without Apple’s Help
The Department of Justice announced on Monday that the iPhone of the San Bernardino shooter Syed Rizwan Farook has been cracked, ending the two-month struggle between the federal government and Apple over encryption in the age of terrorism attacks. With…