Data from Douglas Elliman's 4Q 2016 New York real estate report brings some unwelcome news for the city's hedgies and I-bankers with median pricing and sales volume crashing while apartments sit vacant on the market for longer and longer.
Just as California's liberal elites had convinced everyone that climate change had permanently altered global weather patterns such that the entire state was doomed to be stuck in a perpetual drought which would inevitably render it about as inhabitable as the surface of Mars within years, an unrelenting series of storms has struck and in a matter of days filled lakes, overflowed rivers and buried mountains in snow.
The weekly rail traffic report published by the Association of American Railroads provides a great snapshot of US economic activity almost in real (weekly) time. Last July we noted that we were starting to witness some signals of a trend change, now suggesting a softening. But much has happened since then, including a broadly unexpected change in the political direction of the US. Have those signals been reversed as a result?
Any day now we are going to be told that Elvis is secretly working with Putin to deploy a Zhirinovskian gravitational weapon in a UFO disguised as Jesus that Assange and Snowden will personally pilot across the Atlantic to sink America.It’s like some kind of loyalty test in which the ruling classes are trying to determine just how far they can go with this crap before liberals refuse to salute any more of it.
Ding Wen, 34, had built up a personal fortune of more than two million yuan after years of hard work at an internet company in Nanjing. But he saw most of that wealth go up in smoke on January 5, when China’s bitcoin market crashed, sending the price of the virtual currency plunging 40% in just a few hours after lunch. Welcome to the insane world of China's bitcoin traders.
After essentially claiming that Manafort was a hired gun for Putin to intervene in the internal affairs of Ukraine, the government is now reaching out to him? You don’t have to be Sherlock Holmes to see something’s not adding up here. Was the entire investigation a fraud to help Hillary Clinton win the election? If so, isn’t that election interference?
To our complete lack of surprise, lawmakers in the State of Illinois are considering following in the footsteps of Philadelphia by imposing a 1 cent per ounce "soda tax" on all sugary beverages...and just like in Philly, it's sure to piss off a lot of people.
Without much fanfare at all, on Friday Citadel announced it would pay $22.6 million to settle allegations that it "misled clients about pricing trades", a euphemism for it was frontrunning its clients.
"Clearly this was a politically motivated move. I never received any request or complaint from MLA. These were perfectly legitimate fair use excerpts with great news value. This is an attempt to silence our reporting on a matter of great public importance. We intend to pursue all available remedies, and call on YouTube to restore our account."
As Americans weather unprecedented division and vitriol amid the impending presidency of Donald Trump, there’s one thing many can still agree on: the Department of Motor Vehicles (DMV) is a deplorable place that yields unending frustration, wasted time, and excessive fines.
After three years of US sanctions on Russia, Putin's cost of funding his nation's economy has tumbled as Russian government five-year ruble notes climbed further this week, pushing the yield to the lowest on a closing basis since February 2014. Along with being the best performing stock market in the world since Trump's election, Russia's bond market has soared (while China's has tumbled).