The International Monetary Fund’s executive board caught a glimpse this week of what life might be like in the wilderness of a rapidly shifting world order. It didn’t take them long to slam the door…
Finance
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Uber’s Loss Exceeds $800 Million in Third Quarter on $1.7 Billion in Net Revenue…
Even as Uber Technologies Inc. exited China, the company’s financial loss has remained eye-popping. In the first nine months of this year, the ride-hailing company lost significantly more than $2.2 billion…
Even After Being Found Guilty, IMF Board Expresses “Full Support” In Christine Lagarde…
Despite Christine Lagarde’s conviction earlier on Monday for failing to overturn a 285-million euro payout to a businessman in an arbitration case while she was France’s finance minister nearly a decade ago…the Executive Board of the IMF decided that her transgression was not too extensive, and reaffirmed its full confidence…
French Court Convicts IMF Chief Christine Lagarde…Leaves France Before Trial Verdict…
IMF chief Christine Lagarde has been found guilty of negligence by a French court, but she was not handed a sentence. She was on trial over a payout to a tycoon made by the French Finance Ministry…
Of Economic Interest – Anthony Scaramucci and Stephen Miller Interviews…
Anthony Scaramucci and Stephen Miller, executive members of President-elect Donald Trump’s Transition Team, appeared on Fox News for interviews…For those who are interested in the dynamics of a Trump modern economic rebuild, the ‘outside-the-box‘ federal infrastructure financing vehicle (specifically budget neutral), we have termed “MAGA Bonds“, is also alluded to…
Obama’s Healthcare Reforms Will Cost Taxpayers an Extra $10B in 2017…
Iranian Millionaire on Food Stamps Indicted for Welfare Fraud…
An Ohio millionaire descended from Iranian royalty was indicted for welfare fraud Tuesday, after prosecutors allege he bilked Medicare for $45,000 and received $8,400 in food stamps benefits. The 65-year-old Ali Pascal Mahvi insists he is innocent of fraud, but prosecutors say that if convicted, he could spend more than four years in prison…
Here’s How the Fed Will Implement The Rate Hike…
As expected, in addition to raising the Fed Funds rate by 25 bps, the Fed similarly noted that it would revise the mechanics behind its reverse repo operations, raising the rate it charges on reverse repos by 25 bps to 0.5%, the actual means by which the Fed will hike rates…
IBM Announces Intent To Hire 25,000 U.S. Workers…
IBM Chief Executive Officer Ginni Rometty said she plans to hire about 25,000 people in the U.S. and invest $1 billion over the next four years, laying out her vision for filling technology jobs in America on the eve of a meeting of industry leaders with President-elect Donald Trump…
Two New Jersey Traders Arrested For Manipulating $10 Billion Worth Of Stocks, Making $26 Million In Profit…
The SEC continued its crackdown against “market-manipulating masterminds” today, when it charged two New Jersey-based traders, 37-year-old Joseph Taub, of Clifton, and 21-year-old Elazar Shmalo of Passaic, with manipulating more than 2,000 NYSE and NASDAQ-traded stocks reaping more than $26 million…
$422 Billion: Government Collects Record Taxes in First Two Months of FY 2017…
Vandals Destroy 400,000 Bottles of Italian Sparkling Wine…
Vandals broke into the centuries-old grounds of the Conte Vistarino winery in the middle of the night and drained refrigerated steel tanks where Riesling, Pinot Grigio, Chardonnay and other white varieties from the 2016 harvest were maturing…
Trump Makes America Goldman’s Again! #MAGA…
It’s now time for us, as a nation, to come together and congratulate the winner of the 2016 presidential election: Goldman Sachs. Many Donald Trump voters likely believed his victory would be a loss for Goldman…
Sears Says It’s Likely to Close Many More Stores as Sales Slide Worsens…
The struggling retailer, which owns the Sears and Kmart chains, on Thursday reported a $748 million net loss in the third quarter, its worst performance in years. And comparable sales, which exclude the impact of stores closed in the preceding year, fell 4.4% at Kmart and 10% at Sears, deeper drops…
If Trump Nominates John Allison as Bank Supervisor at the Fed, It Will Be a Triumph for Charles Koch and the Loony Ideas of Ayn Rand and Greenspan…
On December 4 the Wall Street Journal reported that President-elect Donald Trump was considering the following three individuals for Vice Chairman of the Federal Reserve for Bank Supervision: John Allison, the long serving head of BB&T bank and a Board Member of the right-wing Cato Institute which was half owned by the Koch brothers for […]
IRS Data: American Dream Evaporates, Amid Mass Immigration, Automation…
The probability of American children earning as much as their parents has plunged from 92 percent down to 50 percent during the last seven decades, according to a new study of tax data and the shrinking American Dream of upward mobility…
U.S. Steel Wants to Accelerate Investments, Hire Back 10,000…
[…] “There was a point in time in the past couple years that I was having to hire more lawyers to try to interpret these new regulations than I was hiring … engineers. That doesn’t make any sense”…
“We’ll Look at Everything”: More Thoughts on Trump’s $1 Trillion Infrastructure Plan…
Bombshell Dropped in Federal Court: Proof of a Silver Market “Mafia” Among Big Banks…
Lawyers representing traders who allege they were ripped off by a group of colluding global banks filed eye-popping evidence in a Manhattan Federal Court yesterday showing that even as global banks were being criminally probed for rigging currency markets, they continued to engage in rigging the silver market, with a UBS trader referring to the […]
Related
Veteran Can’t Work Without His Service Dog — So Lowe’s Hired Them Both…
He served our country and wanted to again. But health issues forced a return to civilian life. Clay Luthy was deployed three times out of Uzebekistan and two out of Qatar. After multiple knee surgeries, including a reconstructive surgery, he wasn’t able to reenlist. But it didn’t stop him from getting a job…
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