"Peter, this is twisted. Even were you to succeed in bankrupting Gawker Media, the writers you dislike, and me, just think what it will mean. The world is already uncomfortable with the unaccountable power of the billionaire class, the accumulation of wealth in Silicon Valley, and technology’s influence over the media.... you are redefining yourself as a comic-book villain. However philanthropic your intention, and careful the planning, the details of your involvement will be gruesome."
While the corrupt and criminal US regulators are unable to do anything to stifle the market domination of algos which have totally destroyed the US equity market, and sucked up enough liquidity where neither buy nor sellsiders can generate a profit, India is already well on its way to crushing the parasitic - and perfectly legal - frontrunners of virtually ever trade. It will do so by increasing penalties on high-speed trading firms that flood exchanges with orders that don’t result into actual transactions, as part of steps aimed at strengthening its oversight of computerized trading.
Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. At the peak of their glory, the petro-states played an outsized role in world affairs. That, of course, was then, and this is now. While these countries still matter, what worries these presidents and prime ministers now is the growing likelihood of civil violence or even state collapse.
Over the past few years, we have written many strange stories about China's often-ridiculous, perpetually-bubbly, always on the precipice financial system. The story about China's literal "cash cows", however, is by far the strangest.
It was only a matter of time before our deeply divided nation was going to start coming apart at the seams. Waves of anger, frustration, violence and civil unrest are starting to sweep across the United States, and political rallies for Republican presidential candidate Donald Trump have become a focal point for releasing some of that energy. The angry mob that threw rocks, bottles and burning T-shirts at police and Donald Trump supporters on Tuesday night wanted to get the attention of the national media, and they got it in droves. Now that the election is less than five months away, this kind of scene is going to be repeated over and over, and this is something that we warned about back in March. Millions upon millions of our young people have fully embraced the radical left, and they have already made it exceedingly clear that they are not afraid to use violence to advance their cause.
Overnight the Commerce Department escalated its trade war with China when it implemented the latest clampdown on a glut of steel imports, when it announced that corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450%. China's Commerce Ministry said it was extremely dissatisfied at what it called the "irrational" move by the United States, which it said would harm cooperation between the two countries. "China will take all necessary steps to strive for fair treatment and to protect the companies' rights," it said, without elaborating.
The SEC is taking a new approach to uncovering nefarious dealings within the financial markets: bar hopping.
Students on liberal arts college campuses may have just jumped the shark for special-snowflakedness. As The Week reports, students at Oberlin College are asking the school to put academics on the back burner so they can better turn their attention to activism.
The Libertarian Party has seen a sustained surge of new members joining, with first-time registrants in May on pace to increase 20-fold over the same period from last year.
Faced with an economy that is creating lower paying jobs, millennials are making less, piling up more debt, and more than any other time since the Great Depression, are returning home to live with their parents. In a video produced by Morningstar's U.K. unit, millennials discussed what their career aspirations are, and what they expect from their financial future. There were certainly some interesting, if not telling, responses as to the confused state of expectations vs. reality that millennials are dealing with at the moment.
There is a disturbance in the Force. At an accelerating rate, the American people are realizing the two-party system is rigged to ensure the corrupt oligarchs of the deep state continue to rule the roost. The ‘lesser of two evils’ argument is causing more chaos than ever before - because this time around, we’re dealing with the two most disliked candidates in American political history. It’s not even close. Voters won’t be holding their noses as they cast their ballots this year - they’ll have gas masks strapped to their heads. The following list outlines 10 independent or 3rd party candidates you can vote for in 2016...
Yes, the “bull market” is currently alive and well. However, there are mounting signs that a “cancer” has taken hold and will eventually reveal itself in the not so distant future. Unfortunately, for most investors, the inevitable outcome of chasing yield with a complete disregard of the underlying risk will be catastrophic.