Andrew Cuomo

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Frontrunning: July 31





  • Moscow fights back after sanctions; battle rages near Ukraine crash site (Reuters)
  • On Hold: Merkel Gives Putin a Blunt Message (WSJ)
  • Argentina’s Default Clock Runs Out as Debt Talks Collapse (BBG)
  • Argentina braces for market reaction to second default in 12 years (Reuters)
  • Banco Espirito Santo Plunges After Posting 3.6 Billion-Euro Loss (BBG)
  • Adidas Plunges After Cutting Forecast on Russia, Golf (BBG)
  • GOP Says Lerner Emails Show Bias Against Conservatives (WSJ)
  • Londoners Cashing in Flee to Suburbs as Home Rally Wanes (BBG)
  • BNP Paribas Reports Record $5.79 Billion Quarterly Loss (WSJ)
  • Swiss Banks Send U.S. Client Data Before Cascade of Settlements (BBG)
  • Putin Sows Doubt Among Stock Bears Burned by 29% Rebound (BBG)
 
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Frontrunning: July 29





  • EU finalises Russian sanctions as BP warns of impact on business (FT)
  • Geopolitical Risk Rises for Global Investors (BBG)
  • Jaded Argentines brace for looming debt default (Reuters)
  • In Argentina, Mix of Money and Politics Stirs Intrigue Around Kirchner (WSJ)
  • Mom ‘Trusting God’ for Ebola-Infected U.S. Doctor’s Life (BBG)
  • Thanks NSA: Tech Companies Reel as NSA's Spying Tarnishes Reputations (BBG)
  • Goldman unit eyes foray into China amid metals financing scandal (Reuters)
  • Cash out time: London’s Gherkin Tower Offered for Sale by Its Lenders (BBG)
  • Apenomics strikes again: McDonald’s Japan axes profit guidance amid food safety scandal (FT)
  • Do you see what happens Larry when you are the only USDJPY bid? Nomura Profit Falls More Than Estimated on Broking Slump (BBG)
 
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NY Anti-Fracking Ruling Deals Blow To Shale Industry





A recent court ruling giving cities and towns in New York State the authority to ban hydraulic fracturing (“fracking”) represents an enormous blow to the shale gas industry, which has been hoping to expand operations into the state for several years.

 
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Frontrunning: May 14





  • Vietnam mobs set fire to foreign factories in anti-China riots (Reuters)
  • Recession-Baby Millennials Scarred by U.S. Downturn Spurn Stocks (BBG)
  • U.S. Agents Start Hunting for Sanctioned Russians’ ‘Shiny Toys’ (BBG)
  • Russia moves to oust US from International Space Station (FT)
  • China Central Bank Calls for Faster Home Lending in Slump (BBG)
  • Geithner Must Give S&P Documents in U.S. Fraud Suit (BBG)
  • Samsung's 'crown prince' in focus as father hospitalized (Reuters)
  • Yahoo buys mobile 'self-destruct' messaging app Blink only to shut it down (Reuters)
  • Goldman’s Twitter banker joins hedge fund (FT)
  • Keyword being "unexpectedly": Sony Unexpectedly Forecasts Loss Amid PC Restructuring Costs (BBG)
 
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Frontrunning: January 8





  • Here comes JPM's next multibillion legal reserve: Federal Probe Targets Banks Over Bonds (WSJ)
  • Mulally Bows Out of Microsoft CEO Race, Staying at Ford (BBG)
  • United States sending more troops and tanks to South Korea (Reuters)
  • Eurozone unemployment sticks at record high (FT)
  • China-Japan 'Voldemort' attacks up ante in propaganda war (Reuters)
  • Alternative Lenders Peddle Pricey Commercial Loans (WSJ)
  • John McAfee: glad Intel dropping name from security software (Reuters)
  • Jobless Benefits Bill Stays Alive Amid Talks on Offsets (BBG)
  • Chicago Colder Than South Pole as Frigid Air Clamps Down (BBG)
  • Former Miss Venezuela shot dead in attempted robbery (Reuters)
 
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JFK, Roads Closed, Northeast Paralyzed After Up To 20 Inches Of Snow Drop; Wind Chill Hits -40; 100 Milllion Affected





Snow and cold weather... in the Northeast... in January. Surely, such an unprecedented development in the New Normal should predictably justify explaining away at least a 1% miss of Q1 GDP (which when inventory destocking is factored in, will likely come in negative). Still, 20 inches of snow dropping in one night is somewhat abnormal, especially when one adds a blast of cold air to accompany them, and explains why even the area major airport hubs - JFK in New York and Logan in Boston - are all closed currently, while key NYC transportation hubs, I-84 and the LIE, closed at midnight and won't open until 8 am.

 
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New York Declares State Of Emergency Ahead Of Nor'easter Snowstorm





 
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Wall Street's Latest Investment: Ex-Convicts





Either the Volcker Rule is making Wall Street's menu of investment choices so unbearably limited, or traditional assets are so overpriced Wall Street won't even touch them with other people's money, but when it comes to allocating capital the smartest conmen in the room are coming up with some truly unorthodox products. Such as investing in ex-convicts in the form of 2000 newly released prisoners.

 
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Frontrunning: July 17





  • Bernanke Seeks to Divorce QE Tapering From Interest Rates (BBG)
  • China launches crackdown on pharmaceutical sector (Reuters)
  • Barclays, Traders Fined $487.9 Million by U.S. Regulator (BBG) - or a few days profit
  • Barclays to fight $453 million power fine in U.S. court (Reuters)
  • When an IPO fails, raise money privately: Ally Said to Weigh Raising $1 Billion to Pass Fed Stress Tests (BBG)
  • Bank of England signals retreat from quantitative easing (FT) ... Let's refresh on this headline in 6 months, shall we.
  • Russia's Putin puts U.S. ties above Snowden (Reuters)
  • Smartphone Upgrades Slow as 'Wow' Factor Fades (WSJ)
  • Snowden could leave Moscow airport in next few days (FT)
  • New Egypt government may promote welfare, not economic reform (Reuters)
 
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Frontrunning: January 14





  • Guess who doesn't believe in the "great rotation out of bonds and into stocks": Abe Aids Bernanke as Japan Seen Buying Foreign Debt (BBG)
  • AIG Sues Federal Reserve Vehicle in Dispute Over Lawsuit Rights (WSJ)
  • JPMorgan Said to Weigh Disclosing Whale Report Faulting Dimon (BBG)
  • Ugly Choices Loom Over Debt Clash (WSJ)
  • Credit Suisse to cut bonus pool by 20 percent (Reuters)
  • Brazilian Bikini Waxes Make Crab Lice Endangered Species (BBG)
  • EU redrafts plan for bank rescue funding (FT)
  • JCPenney stock plunges after bad holiday (NY Post)
  • Regulator Comments Buoy Shanghai Stocks (WSJ)
  • Japan voters back PM Abe's efforts to spur growth, beat deflation (Reuters)
  • Cameron averts row over Europe speech (FT)
  • Swatch Buys Harry Winston Jewelry Brand for $1 Billion (BBG)
 
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Guest Post: Feinstein's Gun Control Bill Will Trigger The Next American Revolution





To put this in the most basic terms: registration and restriction equals revolution.  Count on it.  It is not a matter of what we "want", it is a matter of what is necessary.  Without a citizenry armed with weapons of military application, we lose our last deterrent to tyranny, and thus, we lose everything.  When backed into a corner, a victim has two options: he can lie down and die, or, he can fight regardless of the odds.  Sadly, this is where we are in America; fear, servitude, subservience, or civil war.

 

 
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After The Flood Comes The Freeze: "Tens Of Thousands Need Housing" Says Cuomo, As Nor'Easter Approaches





First the flood, now the freeze (and the lack of fuel and gas and heating just making it much worse). And for tens of thousands of residents of New York and New Jersey this means that as many as 40,000 will need to find alternative housing, especially ahead of Wednesday when a Nor'easter formation is expected to hit the Tristate area and bring even more freezing rain and cold to the region. From Reuters: "Tens of thousands of people affected by superstorm Sandy could soon need housing as cold weather descends on the state of New York, Governor Andrew Cuomo said on Sunday. Cuomo, in a televised press conference nearly a week after the storm hit the U.S. East Coast, said the fuel shortages are improving but problems will persist for "a number of days."" Elsewhere, and also from Reuters: "Victims of superstorm Sandy on the U.S. East Coast struggled against the cold early on Sunday amid fuel shortages and power outages even as officials fretted about getting voters displaced by the storm to polling stations for Tuesday's presidential election. Overnight, near-freezing temperatures gripped the U.S. northeast. At least two more victims were found in New Jersey, one dead of hypothermia, as the overall death toll from one of worst storms in U.S. history climbed to at least 112. Fuel supplies continued to rumble toward disaster zones and electricity was slowly returning to darkened neighborhoods after a storm that hit the coast last Monday. New York Mayor Michael Bloomberg said it would be days before power is fully restored and fuel shortages end."

 
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Video Of The MTA In Action: How Whitehall Station Went From Flooded To Dry In 4 Days





On October 30, the day after the worst natural disaster in New York history struck and flooded virtually all of downtown, Governor Andrew Cuomo tweeted the following dramatic picture of Whitehall station, which was then completely submerged underwater. A few days later, Whitehall station is almost dry. Watch this MTA video to see how they did it in 3 short days.

 
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The East Coast In Pictures: The Morning After





Stunning pictures of the devastation the east coast wakes up to the morning after.

 

 
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Escape From New York Becoming Problematic As Holland, Brooklyn Battery Tunnels Close





Remember the wetsuit purchased many years ago for that trip to Hawaii and never used once? It may be time to find where it is and clean it up, as "escaping from New York", in a worst case scenario is getting so problematic, swimming through the Hudson or East Rivers may soon be the only option. Moments ago, in a press conference, Andrew Cuomo reported that while the storm is behaving as predicted, as of 2pm today both the Holland and Brooklyn Battery tunnels will be closed. And if these are down, the Lincoln and Queens-Midtown can't be far behind, especially if the flood continues as expected.

 

 
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