Goldman Warns 1-In-3 Chance Of Government Shutdown In May

Goldman's Jan Hatzius believes the odds of a government shutdown next week are fairly low, but rise to around one in three if the debate extends into May. A shutdown at the start of the next fiscal year, in October, is a greater risk in their view.

A Ukraine On The Verge Of Disaster Benefits No One

All the provocateurs in Ukraine should be aware that playing the nationalist card can be dangerous and can even result in a defeat that, when compared to 2014-2015, would be dramatically worse, condemning Ukraine to an economic, social and political crisis without precedent or a way out. It literally could be the beginning of the disintegration of Ukraine as we know it today.

What A War With North Korea Would Probably Look Like

So, if war with North Korea is inevitable given the circumstances, what would such a war look like? Here are some elements I think are most important; elements that make the war almost unwinnable, if winning is even the purpose

Elliott Management Releases Klaus Kleinfeld's "Veiled Extortion" Letter

Three days ago Arconic's CEO Klaus Kleinfeld was fired unceremoniously for "showing poor judgment," in a letter sent to Paul Singer, founder of hedge fund Elliott Management. Elliott has just released the letter and its response which claims Kleinfeld made "veiled suggestions that he might intimidate or extort Mr. Singer" over his behavior at a 2006 soccer match... involving "singing in the rain... in a fountain" and an indian head-dress.

Subprime Pet Rental Company Files For Bankruptcy

Less than two months after Wags made waves around Wall Street with a viral Bloomberg story about the first "subprime" pet rental company, the predatory lender which charged as much as a 70% APR has filed for bankruptcy.

No Obamacare In Most Of Iowa, Tennessee - What Happens? Fallback Plans?

Trump could call up providers and bully them into offering coverage. But does that make any sense from a party that wants to Kill Obamacare? The system is set up to implode and there is no point to doing anything until it does. After an implosion, there will be bipartisan support to do something. Right now there is no bipartisan support to do anything.

Latest In Silicon Valley 'Fringe Benefits': Paid Time Off To Protest Trump

"At this point in our political reality, it’s really, really important to allow my employees to do something that not only affects them, but also the direction of our country.  This is what democracy looks like: people having the freedom to stand up for what they believe in."

Japanese Trade Surplus Slumps To 14-Month Lows As Exports, Imports Surge

Japanese adjusted trade balance tumbles over 500 billion yen in March (after surging around 500 billion yen in February) as lunar new year effects washed out and left the lowest trade surplus since January 2016. Exports (up 12% YoY) and Imports (up 15.8% YoY) both soared at the fastest pace in years.