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…
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…